We had descending-triangule formation, then breakout... Now, it is retesting. I consider that is a good idea to buy by spot right now. Target: 50, 100 or up to december 2025. 2% of your account is a good risk. Please, share your analysis below. See you, JB.-
A descending triangle is a bearish continuation pattern characterized by a series of lower highs (forming the upper trendline) and relatively equal lows (forming the horizontal support line). Traders often look for a breakdown below the support level as an indication of further downward movement. Traders SHOULD wait for a clear breakdown below the horizontal...
We expect a reversal to the upside on this pair, signalled by the descending triangle pattern breakout and counter-trendline breakout. We can also see the breakout of a key level which further supports our directional basis.
Daily chart Bitcoin Cash BINANCE:BCHUSDT has broken out the descending trend line. Now, it's trading and correcting at 216.xx BCH/USDT has the support around 200, just wait a confirmation before you trade. Wait for next move
Currently, the price of FTMUSDT is attempting to break out of a descending channel after a clear retest of the 0.5 Fibonacci level. A descending channel is a technical pattern in which the price of an asset moves downwards between two parallel trend lines. The upper trend line acts as a resistance level, while the lower trend line acts as a support level. The...
The reason for placing this order to buy FRC should be obvious. If you have any questions don't hesitate to use the comment funcation here. Good trades, folks!
Filecoin is on the cusp of completing a Zigzag ABC correction, These current levels are buy zones for spot buys Best Place to go long is Orange Horizontal Support($20) Top of the Descending trendline is The first target, 0.618- 2nd target, Hodl the rest till price rejection.
The Trend-Based Fib Extension level 0.236 at $42,492.75 is the level BTC needs to close above and successfully re-test as support for continued upwards momentum on this 1 day timeframe. This level is also where its descending trend-line is located exactly on the 0.236 level. At the moment, BTC is also back above its Least Squares Moving Average, its Bollinger...
IPCA was trading in descending channel since january & it broke out of with good sets of volumes on bigger timeframes i:e daily & hourly. Should be bought with mentioned stoploss & targets.
Gotta say it's been a pretty unique and strong down trend for a long time, but the reverse is possibly here. It looks like it's slowing down at the moment on a strong support level. I got a good feeling it will break trendline and go up any moment. My goal will be on the top of the most recent decending trendline because the market tends to pull back to around that level.
The price is creating a descending channel on the daily timeframe. We can see two false breakout. Not the price is creating a consolidation above the daily support and dynamic resistance How to approach? IF the price is going to have a breakout from the daily dynamic resistance and weekly resistance (120$) According to Plancton's strategy , we can set a...
Today could be a very crucial daily candle close for BTC. Note that if this daily candle closes ABOVE the Descending Trend-line, it will also close ABOVE the Bollinger Bands Middle Band Basis 20 Period SMA on this 1 day timeframe. Note that if/when BTC closes a daily candle ABOVE the BB Middle Band Basis, it will be the first time it has done so since the 27th...
Havells broke out of descending channel on 30 min chart with decent volumes. Could be bought with mentioned stoploss & targets.
Using the range between 1.26 support and 1.27 resistance, price has formed a triangle pattern and broken and retested the descending trendline. Coming off of the 0.618 level of the fibo, I expect this pair to ride to the previous high and major resistance which is the 1.29 area again. I have put my sl beneath the 0.618 level but I do not believe it will break the...
Hi everyone, wish y'all have a profitable life. 📍 As we can see from the chart, GOLD is stuck in a complicated situation in which we had experienced a crazy down-trend movement. 📍 However, the red zone has held the price back. 📍 I think that if the price succeeds to break the descending trendline, the price ought to see the last major TOP of its ATH. 🧐...
TA explained ICP is in a clear uptrend, trending above the EMAs on the 4H TF. Price just broke out of the descending trendline with this 4H candle which will close above it in 22 minutes (if nothing unexpected happens). Going for a swing long on this one This is the bigger picture and the reason for the 3rd target: Trade setup Best entries: 60.85 -...
XAUUSD is in a range trading and it hit the support line. if it break the support we can see strong descending trend; but if it break the descending trend line it will go up.
We are at a zone where we encounter three reasons to resist. 1. 0.786 FIB Level 2. descending trendline 3. 4h S/R level In addition, we have 2 sell signals of the Wavereader. I don´t need any more reasons to try a short here.