SAND BINANCE:SANDUSDT is forming a Descenidng Triangle pattern....
I know that in Technical terms, it is mostly regarded as a sign of bearish pattern.... But sometimes it can be powerfully Bullish too!!
I think it might fool sellers when it make a pullback near Demand zone and might continue back to the 1st Target area...
If you can relate.... then please like...
A great symmetrical Triangle forming in a Bear market.....
High chance of giving a spike upwards in coming dayzz to gain more liquidity in this type of market where most of the people will try to enter a sell order....
If you can relate then do like and comment on what crypto or a stock I should analyse next ?
This ascending traingle has been broken towards dwonside in Solana.... and there is an anticipation from me that the prices can go further down to retest levels around $45- $46 levels....
If you can relate to my trading idea, please like and ask any question in comments... (:
Bitcoin is at its major trendline support.... After trapping all the buyer's Stoplosses, Bitcoin can take a support on this trendline and give a pullback towards 40K price range... (Or continue an upwards rally if possible)
I will wait for a daily candle to give me a bullish signal to initiate a long trade....
If you like my idea, please support it and follow...
Sand is looking bullish…. But for now, I want the market to make one last pullback to eat already entered buyers SL’s and then what can happen is that SAND can take support from its demand zone and can continue to go on to break the descending triangle pattern upwards…
I am thinking of entering around 2.40 - 2.45 level….
1st Target → 2.55
If it keeps on going,...
SAND is looking for a breakout accoridng to me. I will initiate a long trade and will keep you guyz updated if I won the trade or learnt something from it (:
Plx like and do comment your opinion about this trade.
Elrond is approaching near its breakout zone. If it breaks thezone with a good volume, then we presume that it can go to as high as 220USD.
Even if it comes down for a slight pullback, there is high chance of it breaking that resistance trendline.
Like if u can relate (:
Beautiful M pattern formation for AVAX for intraday levels. I have places my stop loss of 82 and target against it is 77.5.
Good Risk/Reward Ratio
Even on 4 hourly or Daily timeframe it is approaching its resistance.
Hope that the trade goes in our way...
But anyways Market is the GOD.
GOOD LUCK (;
By the looks of it, SANDUSDT is forming a good trap for buyers. If everyhting goes my way, then I think that we might see a false breakout of the current resistance level at 30 min timeframe, makes a bullish candle in order to trap buyers to enter a LONG position.But the problem is that there is a continuing resistance trendline which started from 9th March. What...
A type of Symmetrical Triangle formation and by the looks of it, AVAX is trying to trap buyers by taking support from the same trend line again and again. I have high hopes that this time this trend line will break and it will try to go down to hunt for the stop losses of the buyers.
Just to keep in mind that it might not happen in a day or two so its a kid of...
