Descending Triangle

FTMUSDT is testing the new breakout 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 descending channel is a bearish pattern that indicates that the price of the asset is in a downtrend. In the case of FTMUSDT, the descen

pattern trading (Descending triangle)Hi! Let me share my first idea! Acquired when the falling triangle pattern is completed and the support line is retested after the falling triangle is broken.

AUDCAD - New Breakout !The AUDCAD price is in Descending Triangle Pattern🧐 The Resistance Line is broken 🔥 so, i predict a bullish move 📉i'm Waiting for a retest 🧐 ... if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!

by Hsan_BenAhmed

LTC Coiling up for a move. Waiting to break the level Wait for level breaks and retest. Just for education...

SunPharma SUNPHARMA broke above descending triangle pattern on 30 min TF with good volumes. Could be bought with mentioned stoploss & target.

VERTEXCHARTS | EURAUD ANALYSIS EURAUD has formed a descending triangle on the daily timeframe. We expect a breakout for for a continued downtrend move. Trade only at confirmed setup

APTUSDT DESCENDING TRIANGLE Here se can see that "APTUSDT" in 4 hour time fame is forming a descending triangle and we have to wait for the breakout and also it has a Support zone at "12.387". If the price reaches the point of 12.387 then we can see a good long opportunity and if it takes breakout from the current price then we can long here once it retests the tredline resistance. ENJOY!!!

BHEL - Breakdown from descending triangle BHEL broke down from descending triangle. More downside may come in coming days.

by Dr_AtulGoswami

Tron TRX is breaking out! Explosive pump is likely. As you can see, TRX is currently breaking out of the descending triangle on the daily/weekly timeframe, and an explosive pump is now likely! The take-profit is at the top of the triangle, which is 0.18 USDT. I think it's possible to go higher, but we don't want to risk anything, because we could be in wave 5 from the Elliott Wave perspective. Triangles are typically formed as a 4th corrective wave. This bull market that started in January is absolutely amazing, and I hope it will continue as

by UnknownUnicorn2537518

WAVESUSD: Potential ABCD BAMM Could Take It Up 18%Waves is in a Descending Triangle at the highs but it showing signs of a Potential Bullish Head and Shoulders and a Potential Bullish ABCD BAMM, if this plays out the measured move will bring us up about 18-25%

IPCALAB Ipcalab broke out of descending triangle pattern on hourly TF with decent volumes. Could be bought with mnetioned stoploss & target.

DXY Target 100.18 Jokes aside here it is. Triangle target. This index is highly efficient at hitting targets. Dollar down. Who knows what sort of fledgling additional bear flag it coul puke out on the way there. Bear fomo is still a thing I guess....

by Elefant-Schnitzel

MKRUSD - Consolidation or Downward Move?After around 6 months of hugely profitable trading with MKR we've received a Short signal from Crypto Tipster v2 - looking at the chart there's 2 possibilities from here. Either we're actually looking at a period of consolidation whereby the price isn'y going to do all that much within the current range until it reaches the end of this wedge in a couple of weeks; or we're going to experience a drop into the trading area below this wedge. Given how profitable Crypto Tipster v2 has been with MKR

BANKNIFTY Banknifty broke out of descending triangle pattern on 30 min TF. Could be bought with mentioned stoploss & target.

Bitcoin - 25% CRASH from this level! Be prepared. The bulls are incredibly strong! This may be the best January in Bitcoin's history. But the bears are waiting patiently to short bitcoin at the key level! The Resistance 1 level is strong because there is a POC of the previous structure, the start of the massive previous GAP, and a horizontal level from 2021. With this strong confluence, we can short bitcoin on the futures market for a potential 20%–25% profit. Like I have said many times, I am here for the bulls and bears. So this is clearl

by UnknownUnicorn2537518

XRPUSDT wants the breakout from the key level?The price had a clear breakout from the descending channel and retest it as new support on 0.36$ area on 0.618 Fibonacci level. XRP got the liquidity from the false breakout from the 0.33$ area, where the market created the local demand zone At the moment the price is going to create a pennant just below the daily resistance and key level How to approach it? the price needs to create a new breakout from 0.41$ area, it's a clear and strong resistance for the price. For that reason, we could see

BAJAAUTO Bajajauto broke out of descending triangle pattern on daily charts with good volumes & with very good risk:reward ratio. Could be bought with mentioned stoploss & targets.

Literal buffalo chips... DXY Live from west yellowstone I present to you the daily morning impotence of the US DOLLAR. Long this if you wanna rid yourself of worldly possessions and a warm home.

by Elefant-Schnitzel

WISH: FOLLOWER REQUEST / SQUEEZE??? / CONVERGENCE / LOTTO PLAY DESCRIPTION: In chart above I have included an analysis of TICKER SYMBOL WISH as per follower request. Despite it's short market history since IPO price action has seen plenty of volatility and has broken many fundamental supports and has fallen into PENNY STOCK TERRITORY. With that being said refer to FULL CHART LINK DOWN BELOW to see what I am talking about. POINTS: 1. CURRENT DEVIATION is at 0.9. 2. Ceiling for current price action stand at 4 Points while new floor threshold stands at 0.4

by DGSTBROKERACC

Bitcoin - Last chance to buy below 20k! (lifetime opportunity) Congratulations to the bulls for this successful start of the bull market! It's really a pleasure to watch these candles. Bitcoin may give you the last chance to buy below the 20k level, so I hope you are going to take this once-in-a-lifetime opportunity! You can buy on the spot market or leverage long on futures. It's still possible to retest the previous breakout level of the trendline, which is around 18,300. So this will be your dream entry, and trust me when I say this! This analysis i

by UnknownUnicorn2537518

Who wants to 10X their capital with TRX ?hello guys... as you can see on the TRX chart, it has formed a descending triangle on an upward trend, 3 times touched the bottom line and 4 times the top line touched, wining upward movement so far :)) but be patient until the top line breaks up after that you can get a long position until $0.29 and if you are so greedy hold it until $0.69. if the price breaks up the bottom line, get a short position. note: if the price breaks up from the end of the pattern makes it invalid. always do

by melikatrader94

NDQ US 100 INDEX: MARKET MAKERS MAGIC??DESCRIPTION: In the chart above I have provided a MACRO analysis of NDQ that is in fact showing strong signs of PENDING CAPITULATION but I will leave the rest to INDIVIDUAL INTERPRETATION. POINTS: 1. DEVIATION OF 1,000 POINTS is where NDQ usually finds appropriate CONSOLIDATION to then draw out SUPPLY & DEMAND POCKETS. 2. RSI is DANGEROUSLY OVER EXTENDED and looks ready for some PULLBACK. 3. MACD is CONSOLIDATING and moving closer to its MEDIAN SIGNALING A BIG MOVE IS ON THE WAY. *IMPORT

by DGSTBROKERACC

B | Wave Projection | TFW Bullish Divergence | Ending Diagonal?Price action and chart pattern - descending triangle with a bullish divergence pattern in weekly timeframe is considered a strong reversal trading signal. Wave projection: A possible 5 wave of major A-wave correction coming forming an ending diagonal wave targeting 0.5 - 0.618 fibonanci extension of previous 3-wave downtrend. Entry: Descending triangle breakout / SMA200W zone Stop: Lower triangle support -12%-15% Target: 0.382 - 0.5 retracement of current downtrend A-wave +40% - 50% Risk reward

ADAUSDT - Descending Triangle - Bearish On the chart of Cardano (Ada) we can see a descending triangle has appeared on 1h timeframe. A descending triangle is a bearish chart pattern. Once the price breaks down of the support it is really likely that the price will dropp. Profits can be taken when the price approaches the support area. All further details are shown on the chart. Goodluck!

by vf_investment