Descending Channel

EURUSD - Countertrend correction before a decline FX:EURUSD is testing a key resistance zone as part of a countertrend correction. The area of interest has formed on the daily timeframe, which plays an important role. A pullback is possible. The dollar is rebounding from resistance but is still in a phase of local consolidation. Since the opening of the session, the euro has been testing 1.1833 (resistance from the daily timeframe) and may enter a correction phase. A false breakout of resistance at 1.1833 is forming a double top reversal

NDQ - Descending Channel Breakout at $24,800 or Retest? What's up traders! 👋 The Nasdaq 100 is at a CRITICAL decision point after a volatile week. We've got weak GDP data, sticky inflation, Supreme Court tariff ruling, and Nvidia earnings next week. Let me break down what's happening on the 45-minute chart and why the next move could be MASSIVE. The Setup NDQ is trading at $24,500 after consolidating in a descending channel. Price is testing multiple consolidation zones while holding above the $23,800-$24,200 support. We've got descending resis

by officialjackofalltrades

GBPCAD Buy near and above channel support(Free signal)GBPCAD is currently trading within a newly formed descending channel structure. This pattern typically represents a period of consolidation or correction before the next directional move. Current Setup: Pattern: Descending channel intact Position: Price near lower channel boundary Bias: Bullish breakout anticipated Trade Plan: Entry: Consider long positions above the lower channel support, ideally on confirmation of a bounce (e.g., bullish candlestick pattern or momentum shift) Stop-Loss:

ETHUSDT - Rebound from resistance. Interest in 1900 BINANCE:ETHUSDT fell again after retesting the resistance level of the trading range. The market is bearish, with sellers keeping the altcoin below 2100-2000. The market structure is bearish. The retest of resistance forms a false breakout, which provokes momentum. At the moment of momentum formation, a price imbalance area of 2030 - 2040 is formed. Without reaching the key support level of 1900, the market reverses, leaving support as a point of interest to which it may still return. But

XRPUSDT - False breakout of resistance. Downward trend BINANCE:XRPUSDT updated its local maximum to 1.670 amid the impact of economic news (CPI). It is still too early to talk about a bullish trend. The past maneuver is more indicative of a hunt for liquidity... Against the backdrop of Friday's news, Bitcoin, which is followed by the cryptocurrency market, is strengthening. Altcoin is testing resistance and forming a short squeeze relative to the resistance zone of 1.541-1.654, which is a fairly strong signal indicating market weakness and a p

META 1H: Descending Channel Intact – Bearish Continuation Setup NASDAQ:META on 1H timeframe remains trapped in a well-defined descending channel since late Jan/early Feb highs. Key observations: - Price respecting upper resistance (orange trendline ~$670–$675) and lower support (~$640–$642 zone). - Recent rejection at channel midline (~$650–$655) reinforces bearish bias. - Current action: Testing lower rail after impulsive downside leg — minor green candle suggests potential short-term bounce or exhaustion. - Volume profile: Light on the bounce so far — ne

by SilverHawkSuite_

SOLUSDT - The trend pressure continues. Interest in 77.5 BINANCE:SOLUSDT breaks another support level and is preparing to continue its decline within the current cycle. Before continuing its decline, the altcoin may form a retest of the zone of interest Market manipulation (short squeeze) provokes a reversal and resumes the downward movement within the global downtrend. The price continues to confirm the bearish structure, breaking through the support level of 82.82. Zone of interest (break-even area) - 82.82 - 84.15. Before continuing the movem

This Is Not a Reversal: #XMR’s Structure Signals downside Yello Paradisers! Are you aware that #XMRUSDT is currently in one of the most deceptive Elliott Wave phases, where the price looks stable, but the structure strongly suggests another sharp downside move is still ahead? 💎#XMR after the sharp decline from the all-time high, has been unfolding a textbook structure inside a dominant descending channel. From a higher-timeframe Elliott Wave perspective, the market is clearly positioned within wave 4 of the larger impulsive decline. This is a critica

by MyCryptoParadise

GOLD - Declining demand led to a correction FX:XAUUSD remains under moderate pressure, staying below the key level of $5,000. The market is awaiting news on the US-Iran negotiations, which will be the immediate driver. There is a lack of demand from Asia due to the Chinese New Year celebrations. The USD is up slightly amid portfolio rebalancing ahead of important data releases on Friday. Together, this is putting pressure on the metal, which has entered a correction phase but is technically within the 4880-5090 range. The short-term

BITCOIN - Correction against the global bearish trend BINANCE:BTCUSDT.P is recovering from an interim low of 65K. The area of interest is 71,500, but it is too early to talk about a bull market, as the influence of buyers may be short-term within the global downtrend. The main growth factor that emerged on Thursday/Friday was cooling inflation in the US, reducing pressure on the Fed to keep rates high. This brought investors back to risky assets. Will this influence be long-term? Global and local trends are downward. Bitcoin is within a neut

Bitcoin Bored Range… Big Bounce Loading? (66K Zone)Over the past four or five days, Bitcoin ( BINANCE:BTCUSDT ) has been moving within a range, which might have made some traders a bit bored. Right now, BTC is moving inside a heavy support zone($78,260-$64,850) and, in the past couple of days, seems to be inside a small descending channel. From an Elliott Wave perspective, it looks like Bitcoin is completing the corrective wave C of the main wave Y, in a Double Three Correction structure(WXY). I expect that Bitcoin will rise from the Cumula

ADAUSDT - Short squeeze before falling to 0.22 BINANCE:ADAUSDT , after breaking through the global support zone of 0.275 and updating its lows to 0.22, entered a phase of correction and consolidation below key levels. Another short squeeze could trigger a decline. Bitcoin is falling after a correction, which generally indicates a weak market and increases bearish pressure on the market. I recently said that Bitcoin would fall even lower, as global targets have not yet been achieved, so against this backdrop, altcoins may react accordi

XRPUSDT - Hunting for liquidity before the fall BINANCE:XRPUSDT looks very weak, losing 69% from its high. As part of the downtrend, the coin may experience sharp local spikes in search of liquidity before falling. Bitcoin is consolidating below 70K without the ability to break through the key level. The market is stagnating after a sharp decline, which may continue. After the pullback phase, an intermediate consolidation has formed with a liquidity zone of 1.4625 - 1.4886. Within the downtrend, the market may form a short squeeze in th

Weekly Down-Channel: Support Rebound Play ?ENA/USDT is trading at the lower boundary of a well-respected weekly descending channel. This area acts as dynamic support, so the primary idea is a controlled rebound toward the channel midline first, and potentially the upper boundary if momentum follows. Confirmation comes from strong rejection wicks and a weekly close holding the channel support (plus a break of minor bearish structure on lower TFs). A clean weekly close below the lower band invalidates the bounce and favors bearish continua

by yeisonthereal

Target (TGT) Could be attempting to Reverse Bear Trend This is an analysis of the 1 Week or Macro timeframe. We zoom out to get a feel for the big picture moves. Where Target's current price action has reached, it warrants attention and to me is a critical area to watch. Why critical? Well, we have reached the Upper bounds of Targets Bearish Channel so we either attempt for a break of the resistance holding us down or we continue the Bearish trend downwards. Why Bearish channel or trend? Because technical analysis 101 says that the observation of

by SafofAllTrades

BITCOIN - Correction to 81K - 82K before the fall BINANCE:BTCUSDT.P is forming a correction after a decline. The market is testing 79,200 (the consolidation boundary), which could trigger a breakout and momentum for a retest of the liquidity zone. The fundamental background remains weak, there is still no support for the market in this direction, and the crypto winter phase may continue for some time. Statistically, after a sharp fall or a strong trend, the market should move into a sideways range/flat, where accumulation for a trend reve

GOLD - Correction within the local downtrend FX:XAUUSD stabilizes after correction, returning above $4750 after testing the $4400 area earlier in the week. However, the overall trend remains under pressure. Key factors: DXY remains strong, limiting gold's growth. Tensions between the US and Iran have eased slightly, reducing demand for gold as a safe-haven asset. The appointment of Kevin Warsh, who is considered a proponent of tighter fiscal policy, has supported the dollar. The market is awaiting the release of the US ISM Manufactur

HYPEUSDT - Dump after pump BINANCE:HYPEUSDT.P ended its rally in the 35.0 zone, smoothly changing the market phase from pump to dump. The cryptocurrency market is weak, but after a sharp decline, there may be a local correction Bitcoin fell again to 81K during the Asian session. A strong rebound or uptrend should not be expected at this time. There is no fundamental support for the crypto market. Any attempts at growth may be perceived as a hunt for liquidity before the fall. Within the framework of the downward tr

SOLUSDT - Bears increased pressure after retesting resistance BINANCE:SOLUSDT bounces off trend resistance and updates its local minimum to 122.4. A bearish phase is developing in the market, and a small correction is possible before the fall. The daily timeframe indicates a crypto winter, a downtrend, and weak buying power due to capital outflows and a weak fundamental background. Bitcoin is testing 90K and has once again been rejected by the resistance zone. Liquidation and a fall to the intermediate support zone have formed. Altcoins reacted aggre

CRWV - Risk is clearly defined, making this a structured setup!CRWV - CURRENT PRICE : 79.32 CRWV is currently trading within a descending channel, indicating a medium-term corrective move after a prior uptrend. Importantly, price is now basing near the lower boundary of the channel, a zone where buyers previously showed interest. Rather than breaking down aggressively, price action is stabilizing, suggesting selling pressure is starting to fade. 📈 Momentum Is Improving (Key Clue) While price remains subdued, momentum indicators are telling a different

USDJPY - Interventions strengthen the JPY (price decline)FX:USDJPY is in a negative rally phase, passing through the entire trading range, breaking through the daily timeframe support at 154.450 and closing below the level, hinting at a possible continuation of the decline. The dollar is falling, the yen is strengthening. The Bank of Japan intervened, which contributed to the strengthening of the national currency. The current movement may continue... The currency pair breaks through the fairly important support level of 154.500 (154.45) as part

GBPAUD higher bearish from here for expect OANDA:GBPAUD price is break DESCENDING CHANNEL, from here just higher bearish to expect. SUP zone: 2.00400 RES zone: 1.98100, 1.97400

BITCOIN - Consolidation below 90K. Weak market BINANCE:BTCUSDT failed to break through the 90K area, and the market is forming a cascade of resistance, indicating the dominant position of sellers in the current circumstances. The market still looks quite weak, and any attempts at growth are a hunt for liquidity. Global and local trends are bearish, with sales dominating (outflow of funds). There is no fundamental support, the transfer of assets to crypto exchanges and the outflow of funds from ETF funds continues, which in general ind

LTCUSDT - Hunting for liquidity before the fall BINANCE:LTCUSDT is consolidating below 70.0 before a possible continuation of the decline. The global trend is downward, liquidity is low... After a sharp decline, the coin entered a consolidation phase, during which a cascade of support is observed, which may falsely indicate the presence of a buyer. The goal of such a maneuver may be to capture liquidity at 69.70 before falling to 65.0 Within the context of a downtrend and low liquidity, MM may form a retest of the 69.3-69.7 zone (liquid