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Decending

Not looking good for litecoin, HUGE descending triangle patternAs you can see Litecoin is in formation of a big descending triangle pattern. No one wants this to be true but you have to make decisions based off of what you see not what you want. Never trade with emotion! Litecoin will have its time but It seems not for awhile. Of course this is a probability and there is always the probability that we go higher and the formation will be invalid. This will also depend on what bitcoin is doing because all coins will follow.
BITFINEX:LTCUSD
by MaxDanley4d
7
btc closes below 50MA on 4hr but dives down to catch next candleI'm a switching from long to neutral on this one....not short yet because even though we dipped below the 50ma , which kept us from getting 5 consecutive candles closing above the 4hr buy/sell line, the 50 ma dipped down to catch the next candle and the current candle is still above it as I type this so it is at least currently maintaining support, we got a nice bull boost on the new candle too...most likely because megawhale aabtc just woke up from his nap :P but we can now see that we are forming a descending triangle in an uptrend which has potential to have a bullish breakout since descending triangles are typically trend continuations . I have highlighted the triangle here in purple...for now I am neutral but will likely flip back to long should this continuation pattern do what it typically would in an uptrend. Keep an eye on the apex and look for a boost in bullish volume on this one...probability favors a break upward. . .. but be prepared for a break to the downside as well.
BITFINEX:BTCUSD
by DrDovetail
BTC to 6k Falling wedge?Well I've been doing my best to learn everything I can in the last 4 years and am still learning today and starting to trust my TA a little bit more recently as I've seen some people I have taken a lot of my knowledge from going one way while my research has told me different. So this is the first Ta I've been making public so I'd love any constructive feedback I can get on it but every thing I'm seeing now is this wedge pattern based on a trend line of all the all time highs and the recent price action of the last few days. I try not to put too much faith in one oscillator or one support level alone but everything together ( descending trend, RSI, Volume,Fib, And Cloud) all have me thinking were headed to or close too the 0 Fibonacci retracement. That level outside of the Fibonacci has had a significant amount of price action and should stand as a substantial level of support if we make a bounce. I'm currently awaiting price confirmation of where we close at the end of this wedge before I take any change in my positions. Thoughts questions feed back appreciated thanks! -Cough
by JRCough
3
Is It Now Cardano? ADA Might Be a Good Buy! (ADABTC)Dear Friends! Let's jump in! Cardano has not fared well for a very long time. I already gave you a warning 2 weeks ago, that you shouldn't buy due to the descending channel. At this very moment we are taking a look at the 2H ADABTC Chart. As you can see we are on the edge of the Bollinger Bands, and have just have a nice green candle with good volume which means we will have a reversal. We are under the 78,6 % retracement level. The RSI was oversold, but are pointing upwards now. The MACD is about to make a bullish MACD-Cross! You guys might be able to make some percentages on this trade! Good luck! D4 loves you! <3 Please GIVE A BIG LIKE. And Remember the PARTY and lots of $$$$$ on Wednesday!
Long
by D4rkEnergY
24