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Bearishpattern

ETHUSD - 15m Three-Drives, SMA 50, and 100. Some Recent 15m price action analysis with Bearish Three-Drives Pattern . I think the SMA 100 will come into play after the next leg up. The SMA 50 is also standing by on the Daily, noted on the recent Bullish action Sunday Evening with quick profit taking. Bulls will need a great deal of momentum here to break SMA 50, 100 , and the Downtrend Line in place from September. A correction may be on the horizon - keeping price action in a daily Bullish Butterfly that looks to have started developing around Dec. 15th 2018. Bullish Butterfly: Good Luck Traders!
COINBASE:ETHUSD
by MrJEB
Pullback increasingly likely 1/14 $ndx $qqq $ixic $nas100 OANDA:NAS100USD 1 hour, 2 hour, 4 hour charts shown, 3 different indexes to confirm overall decreasing volume. I put $ES1! there as a "control" comparison -Decreasing volume ever since hitting this price point (red rectangle zone) -At resistance -Still overextended -Losing momentum 1. Extremely likely we pullback Monday/Tuesday, Short term target ~$6400 2. Other possible scenario is we chop around to reset indicators for a day or 2 3. Very unlikely we close at new highs before making at least a 3% pullback.
CME_MINI:ES1!Short
by teckno05
1
[ETHUSD] Descending Triangle Forming - Potential $109 ETH ShortWhile ETH has seen a couple relief rallies in the past week, it doesn't appear to be enough to combat the selling pressure and the lack of buyers in this market. Even with this most recent pump ETH couldn't muster enough buying volume to break out of this downtrend, and instead seems to have posted another lower high for a large descending triangle that can be charted off of the highest point of the rebound off of the drop from $200 ETH, this would be the near $138 high on November 21st. Since then ETH has consistently posted lower and lower highs. There were two points where ETH nearly went into freefall at the $100 mark, on Nov. 25th and 27th. These two lows mark the lower bounds of this large descending triangle pattern. After these lows ETH managed to have a nice relief rally the drove us back up to $125 on Nov. 28th. This formed another "lower-high" point on the upper bound of the descending triangle pattern. Yesterday evening ETH tested the $109 mark, a break through that support would likely have resulted in ETH testing $100 again. Since that point ETH has rallied again. Unfortunately for the bulls this rally has even less volume behind it than the last couple. If the bulls are strong enough we could see them push all the way up to the upperbound of this pattern (also the $120 fib retracement mark). The $119-121 range is hard resistance that is unlikely to break especially on low volume weekend trading. As we can see RSI is very high now after this pump, Stoch RSI looks to be moving for a cross down, MACD bullish divergence seems to be reversing and we are right at the upper bound of this large descending triangle pattern that if it breaks out downwards would represent a continuation of the longer-term downtrend and would likely mean ETH could go below $100 in the upcoming weeks. At this point in time I am seeing this as a strong short entry at $118-121, with stop loss set 5-10% higher and a price target of $109 (last nights support that was tested). I will be shorting until $109 and from there I will reassess the trend and my positions. This trend has been playing out very much like I have expected, if you look at my descending triangle short posted at ETH near $215 you can see that this downtrend is solid and is likely to continue. I will eventually switch to a bullish position when the time is right but short trades seem to be the trend and the easiest to trade within for now. The risk reward on a short at these resistance levels is much better than the r/r on a long off of this pump that is meeting resistance and seeing decreasing volume. **This is not investment advice it is for educational purposes only, trade at your own risk, do your own research, yada yada yada** Happy trading mates!
KRAKEN:ETHUSDShort
by Captainsmugglebutt
Head and ShouldersA Head and Shoulders Pattern is a chart formation that resembles a baseline with three peaks,the outside two are close in height and the middle is highest In TA this pattern it s essential to predict when a bullish trend will be changed to bearish This Head and shoulders pattern appear when: After long term bullish trend the price rises to a peak and after declined to form a trough The price will rise again to form a second high peak and declines again And third time the price rises also but only to the level of the first beak before declining once more The first and third peaks are shoulders and the second peak which is upper(heighest) will form the head,in this case head and shoulders will appear
Education
by CryptoRomaniaTD
2
CONTINUATION BEARISH PATTERNSBearflag:is a sharp,strong volume decline,several days of sideways to higher price action on much weaker volume followed by a second huge decline with a strong volume.Target is a NEW LOW Target: for a bearflag pattern is derived by height of the flag pole(ex if this height is 5%) the decline target for breakdown will be 5% Bearish Pennant:this pattern is bearish in nature and indicates that the current downtrend in price may continue.This pennant it s appear after a drop in price which will looks like a triangular flag as the price moves sideways .This slowly makes lower highs and higher lows which will confirm the bearish price action The downtrend continues with another identical-sized fall in price so here we have an oportunity for short trade Rising wedge:is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows.In Contrast to symmetrical triangle which have no definitive slope and no bullish or bearish bias rising wedges definitely slop up and have a bearish bias(in the final is a breakdown from this wedge) If we put this pattern at the continuation category the rising wedge will still slope up but the slope will be against the prevailing downtrend. The final break of support indicates that the forces of supply have finally won out and lower prices are likely.There are no measuring techniques to estimate the decline.
Education
by CryptoRomaniaTD
GBPNZD is Forming BEARISH SHARK - Potential for Reversal!!Hey Everyone, GBPNZD is forming HARMONIC PATTERN - BEARISH SHARK on H1 Chart with Overbought ratios and it's expected to reverse, and Hence we'll be shorting GBPNZD with these preferences, GBPNZD - SELL NOW STOP LOSS - 1.94672 TARGET1 - 1.92368 TARGET2 - 1.91389 More updates will be posted under this thread, have any doubts? then, let us know in the comment section below and make sure to give this analysis a Thumbs UP +_+
Short
by BloomFisher
3
USDCAD is Forming BEARISH BAT | Ahead OF BOC -CPI Release!! Hey Everyone, Today, all Eyes are on Bank of Canada Consumer Price Index Core E.T 2.22M and at the moment Initial expectation is Hawkish for CAD (future updates will be posted) currently as per our Technical side USDCAD is Forming a Bearish BAT on 240M Chart price is not that Overbought but according to H1 Chart it is slightly Overbought and hence this trade complies with 60/40 Percent chance to reach our Targets before crossing the stop level, (Invest low to moderate amount) For now let's SELL USDCAD with these preferences, SELL LIMIT - 1.32630 STOP LOSS - 1.33568 TARGET1 - 1.31078 TARGET2 - 1.29481 (You can SELL at CMP only 9 PIPS Difference) and remember to stay active during the news release as we might update or adjust our stops or targets accordingly GOODLUCK with this particular one, More updates will be posted under this thread, have any doubts? then, let us know in the comment section below and make sure to give this analysis a Thumbs UP +_+
Short
by BloomFisher
62
$DASH , Saved or Sell Off Weekly Looking at our highest timeframe we see price has been in an aggressive downtrend since forming our all-time high back in March of 2017. Stochastic RSI showing momentum continuing towards the downside, price making it’s way towards our last major support if we do not hold at this level expect a drop towards 2750000 satoshis. Daily Shifting over to our pattern timeframe we see price respecting a minor downtrend inside of our major downtrend. Lower high formed recently at our 4350000 satoshis, expecting a lower low to form near our 3500000 zone. A daily close above 4350000 activates our trade, however if we close below 4000000 expect a drop towards 3500000. 4Hour Finally looking over at our trigger timeframe we see price has broke out of its small downtrend and is currently testing for support. A close below our blue line and expect a drop towards 3500000, however a 4hour close above 4100000 indicates support has been found. Conclusion Wait For A Daily Close Above 4100000
by UnknownUnicorn2434649
A Clear H&S in CAG 40A clear pattern trade We see a clear H&S and French public sector workers also went on strike on Tuesday against President Emmanuel Macron’s plans to cull jobs and toughen pay conditions, forcing airlines to cancel hundreds of flights and disrupting school activities. At this moment the CAG40 is being supported to protect investors, this can't go on. We need to see a price adjustment. Strike notices were lodged in schools, hospitals, airports and government ministries over plans to ax 120,000 jobs, freeze pay and reduce sick leave compensation. in my opinion, there is a good chance this H&S will be completed in the next 2 days, both Technical and fundamental Entry: Fib.78.2 Target: Move stop-loss:
OANDA:FR40EURShort
by lydiksenr
AUDUSD - Long / Short OpportunityAUDUSD - Long / Short Opportunity 1W Timeframe Week Trade #1 This week looking for a BUY / SELL opportunity for this pair for a total target of 182.1 pips. With the Pivot Point @ 0.8009 and the Psychological Level of 0.8000 holding, along with remaining well above 0.7965 support: Phase 1 Tentative: BUY Entry Market Order @ 0.80236 T/P @ 0.81154 Believe price could go as high as 0.8190 but will take T/P at above target and begin setup for SHORT trade. Phase 2 Tentative: SELL Entry Market Order @ 0.81309 T/P @ 0.80406 S/L will follow as price moves in projected direction at rate of 10-15 pips above/below. Entries/Exits may change in accordance to further analysis at beginning of week. R3 0.8081 R2 0.8059 R1 0.8031 S1 0.7980 S2 0.7958 S3 0.7930 Updates / Adjustments / Results will be reflected in updated comments. * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59