A descending triangle is a bearish chart pattern used in technical analysis to predict a potential downward price movement. It's formed by drawing two converging trend lines: 1. A descending resistance line (upper line) 2. A horizontal or slightly sloping support line (lower line) The pattern appears as a triangle, with the price action contracting and...
Dear Traders, We are convening a discussion focused on #FORUSDT THE Falling Wedge Pattern Breakout Has Already Done ✅ So,I Expect a Bullish Move of 35% in Coming Days🚀 Regards: AnnaTradeCharts #Bitcoin #Crypto #Ethereum #Cryptocurrency #CryptoTrading #BTCUSDT #ETHUSDT #ALTCONS #USDT CRYPTOCAP:BTC CRYPTOCAP:ETH CRYPTOCAP:USDT CRYPTOCAP:PEPE ...
Bitcoin is forming this bullish flag pattern on the daily chart, and we have a lifetime opportunity to buy Bitcoin at the bottom of the flag. What's more, we have a long-term trendline starting in October 2023, which is another reason to buy Bitcoin in confluence with multiple technical indicators. A lot of people are calling for Bitcoin winter, but I don't think...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
🧠After completing the daily level target, we made adjustments corresponding to the cycle. At present, the price has returned to the support zone and then stopped. We can pay attention to the buying opportunities in the daily level buying zone. The probability of rebounding from here is relatively high. If we can break through the short defense point after the...
Gold is extremely bullish and is expected to double its value in the next few years. We want to take advantage of this bull market and implement long-only strategies on futures. Right now, GOLD is breaking out of the descending channel, but I want to see a retest of it. The price broke out of this channel but created a fair value GAP. These GAPs tend to be filled...
The EUR/USD pair continued its upward trend on the final Friday of the week, maintaining stability within the price wedge. The outlook remains bullish as the price channel holds firm, and the EMA 34 has begun to show signs of a reversal!
Hi, This is my new update for Jasmy. One of the strongest coins in this correction from mars is Jasmy, it has only fallen 40% and now it is only down 20% from the top on mars 4th. Right now we are in descending triangle pattern and we are pressing to break the trendline. We have a major resistance around 0.025-0.027 and I expect once we break the trendline and...
Fundamental analysis The US economy should weaken, as the sharp rise in interest rates will still have its effect. If there are signs of a slowdown in the US economy, the reaction on the markets should be strong and a rapid upward movement of EUR/USD should be the result. For 2024, we expect a relatively better development of the economy in the Eurozone, where...
1.Market structure Gets Rejection from Resistance On Daily time Frame 2.There is Bearish Engulfing candle on daily 3.There is formation of double top Pattern on H4 4.there is Divergence In RSI on H4 5.there is divergence in Momentum
Market structure Uptrend 1.There is Bullish Engulfing candle on Fib 0.5 Level 2.After Taking Retracement There is Higher high and higher low In H1 3.There is no Break of structure found in lower time Frame 4.Trend is supporting 20EMA 5.There is Bullish Divergence in Momentum 6.There is Break of RSI Trend line 7.There is Retracement done on RS1 8.MACD line...
FTM has been trading in a very strong bullish trend since October of last year. This analysis is based on the idea that FTM will keep trading alongside the bottom purple support. I'm waiting for a minor sell-off towards the entry, or when the price hits the bottom support line. Target at 2$ and the stop below the most recent local low. The stop is very tight....
Hello traders, How was your ethereum profits .. I share a level for all of you that when and from wher ethereum will make upside movement.. And Now i will sharing a bitcoin level for your good trade,.. Don't forget to follow my page.. And if you want to trade daily with level (like intraday) the comment me and make page boosted ...
GBPCAD - now price reach a strong resistance area, so i wish bearish could win bulls. But we have to wait good price action in daily timeflame
Welcome, Trader. Welcome to our cryptocurrency community! 🚀We are delighted to welcome you, whether you are an experienced trader or a newcomer to cryptocurrency. We are ready to discuss #ZRXUSDT💹. #ZRXUSDT 🔥🚀. Update: Time frame: 8 hours. ➡️ ZRXUSDT created a falling wedge pattern. ➡️ Breakout confirmation is already complete 🚀. ➡️ Waiting for a correction...
On the above daily chart price action prints within a rising wedge pattern since first testing 3000 dollars. The rising wedge pattern is a trend continuation pattern. In 82% of cases it is observed the exit is bearish. The wedge pattern is also a reliable predictor of price action forecasts. Take a measured move from the failed support to the bottom of the wedge...
Ondo price today is $0.74 with a 24 hour trading volume of 430 million dollar which represents a 40% price increase in the last 24 hours and a 140 % price increase since last month, the marketcap just passed 1 billion dollar. the current circulating supply of Ondo is 1.44 Billion tokens & the maximum supply of Ondo is 10 Billions. But What is Ondo? well Ondo...
Following last weeks' momentum, I expect a break to the upside from the 1.25299 area but wont be surprised if price goes to 1.24747 for a pull back before going long