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Descending Channel

UniSwap - Bulls are trapped in the channel! What next? The bulls are still trapped in this descending parallel channel, so the bears are in full control and the bearish trend is intact!  There is a strong possibility of another 67% drop in this particular downtrend before we see a stronger uptrend.  According to my Elliott Wave analysis, an impulse wave is still not finished and we are looking for another leg downward.  Buy UNISWAP at the bottom of the channel, or 1.8, where I expect a massive bounce! I don't know if we will reach this level, but if yes, then this is a great buying opportunity!  The fundamentals are absolutely terrible right now for the stock market and crypto, and this trend may continue for another years. UniSwap is the most popular decentralized trading protocol, but it looks like the whales want to buy it cheaper. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
48
Ethereum needs to get back above the brown neckline asap. Ethereum is currently finding support near the bottom of the white descending channel. However, it needs to get back above the brown neckline of the head and shoulders pattern as soon as possible to avoid triggering the breakdown of the head and shoulders which has a target all the way down in the $800s. In order to do so it will essentially need to break upward out of the descending channel within the next few weeks. *not financial advice*
BITSTAMP:ETHUSD
by DrDovetail
STEPN GMT - 77% crash is imminent! | Bearish channel The price action on the GMT token is terrible. Since the peak in April 2022, the bulls have disappeared and the price is going down pretty quickly! I expect a 77% crash in the immediate short term. If you like this coin, you can definitely buy it for a cheaper price in the future, but for now, I would stay away. As you can clearly see, we are trending in this massive descending parallel channel on the daily timeframe , and it's really possible that we are going to touch the channel at the downward trendline. According to my Elliott Wave analysis, we need to complete an ABC correction before the start of a new bull market. We started with a strong impulse wave in 2022, which gives us hope for much higher prices in the future. I think STEPN is a great brand, but as I said, we need more time to shake out hodlers first, so whales can buy it cheaper. This altcoin is very popular with retail investors and traders, which is a great sign for the future. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
43
DESCENDING CHANNEL - Range Trading StrategyHello my Fellow TraderZ, Today this is not any Trade idea but a TUTORIAL on how to Trade the RANGE or the CHANNEL. This is simple, safe, profitable and straight forward Price Action strategy. Here we are taking the chart of US Govt. Bond 10Y-yield. This is the perfect setup of DECENDING CHANNEL on MONTHLY chart. No time bound you can trade at any TIMEFRAMES, but Higher Time Frames are more reliable. You see, to draw any Trendline we need minimum 2/3 touch points. Whenever the price touches the Trendline, never open any Trade in RUSH, wait, see the kind of candles forming at Touch Points (at LOWER TL = BULLISH PA, at UPPER TL = BEARISH PA). PA = Price Action. This should be coupled with the VOLUME. Notice the S/R areas, where price gives multiple hits before bounce or rejection. This will give you extra boost as these horizontal S/R are more reliable than Dynamic S/R. Also these areas could be your Pivots to make ENTRY(incase price doesn't hit the channel Trendlines) or TP Targets. Look at the Percentage(%) wise gains simply following the channel(BUY THE LOW, SELL THE HIGH). Well I've just mentioned the BUYS, you can add the short positions also. Until the price is in channel you can take Multiple Trades both LONGing and SHORTing the market, unless the channel Breaks. This is the beauty of Range Trading. Similarly you can trade ASCENDING CHANNEL/WEDGES as well. NOTE : PRICE ACTION is majorly important in the Game of Trading. If you like this content, kindly give a FOLLOW & BOOST to me. Also COMMENT to bring more such #educational contents. Sorry if its a bit Lengthy post. Happy Trading . CHEERS!!!
TVC:US10YEducation
by TRADER-GOKU
1
Bitcoin to 13k next month! Bear flag is breaking down! The bear market is really powerful and steep. It appears that with this speed we will definitely hit 13k next month, or the price may print a triangle before another leg down!  The dollar is extremely strong and everyone is escaping to cash because cash is king? I don't know, you tell me. Bonds are rising and so are interest rates. I am pretty confident we have a massive support at 13k, which is a great buying opportunity for a mid-term bounce!  On the chart you see the potential for a textbook impulse Elliott Wave, which is a sign of the start of a huge bear market, not the end.  After we hit 13k, I expect an ABC retracement back to 25k as a wave B and then another impulse wave downward to 3k-6k. I know it seems crazy, but it can happen as per Elliott Wave rules. This bear market can last kindly 4-7 years, and after 10 years we can reach new all-time highs, which will be the longest bear market in history. The bull cycle 2009–2021 is over. The bear cycle 2021-2026 begins? This analysis is just a scenario, and I would love to be wrong. I really don't want bear markets. This is really the last thing I want. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
134
$META Wyckoff Accumulation - Panic Selling - FACEBOOK BULLISHMeta - Facebook Chart resembling a Wyckoffian pattern - occurs in accumulation phase. You can see Facebook has had a big downfall from its top in September 2021. We can view the selling climax, preliminary support, and the secondary test - this particular pattern has a spring currently (panic selling) (breakdown of continuation). This is NOT the last line of defense for META, it can absolutely drop down - there is huge support at $139 - which would tap the lower trend of the falling wedge (marked in light grey trendlines). HOWEVER!!!!! -- check out the descending channel within the falling wedge - (descending channel is marked in green and highlights the Wyckoff Schematic ) and it seems to have found support at the 'spring' - bottom of the trend. This is generally a bullish pattern. To the left we can see a huge capitulation volume bar from February 2022 and the price as been descending all summer - selling volume is also in decline which is bullish. This is not financial advice but this is my take on $META
NASDAQ:METALong
by ChaldeaCode
5
CAD/CHF: Bearish continuation trendCanadian Dollar/Swiss Franc look very bearish in H2 timeframe. So, as I made an shortly analysis, so we would need to hope in the few minutes if this live price it's a good opportunity to short now CAD/CHF and using Fibonacci retracement. If in H2 timeframe the price closed down with bearish signal, we can to entry to shorting CAD. Now, I want to talk my improve technical analysis in CAD/CHF, what we see an interesting bearish channel, what if we see very good, it's a good time to short in the bottom of this channel until $0.7260 CHF. So guys, I will pending in few minutes to know it it's a good time to short CAD/CHF. Good luck!!!
Short
by harisonhbn9718
3
Shiba Inu - Fake breakout! 60% crash soon | Elliott Wave We are in the middle of the crypto bear market. Altcoins like SHIB, ADA, XRP, SOL, DOT, and LINK are going to crash hard. You really don't want to buy these coins at this moment.  I think Shiba doesn't deserve to be ranked at #13 on Coinmarketcap with this terrible price action. Yes, we had a massive pump that lasted only 30 days in 2021, but now we've been bleeding for 320 days.  On the daily chart, we have a descending parallel channel on the LOG scale with a fake breakout. It was a trap, and there were clearly missing buyers on this token. The token is still so expensive that buyers are not interested. The price should go down to the previous swing low at 0.00000510, which is an extremely strong support and potential buying opportunity. I would like to see a bullish divergence on the weekly timeframe, and this divergence will definitely be created if we drop down to 0.00000510. From the Elliott Wave perspective, we need another impulse to the downside to complete a major impulsive wave, so I think we have already started the downtrend. Maybe Shiba is a great altcoin, but it is very overpriced and expensive. Definitely not a good investment at this time. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
62
XAUUSD | New perspective Last Friday NFP's positive report appears to have interrupted the downside turn. Despite the strong bearish expectations from the majority; the bulls could be about to make their move as multiple rejections of the $1,700 area from the buyers occurred for the second time in the last two weeks. In this video, I detailed my expectations based on the current structure and how I plan to trade the Gold in the coming week. Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
GBP/USD: bullish channel flagIn this analysis, I make an update of GBP/USD after that I was shortin from $1.1574 USD and I closed up my short position recently at $1.1528 USD, where I get 43 pips in profit or 4.33% of earned. Ok, what we look now it's a break-out of market structure in H1 timeframe. we was shorting and the minimum price was $1.1407 USD. Also, I believe that after we forming this bulish envolving pattern into this bullish channel flag, that was a good time to get profit and closed up automatically my short. But I know that I can't to still everyday in my chart 24/7, but I made a good job put my break even, but at least as I'm making an analysis of this par, I update this technical analysis. Now, I found out that GBP/USD forming a bullish divergence in the RSI forming a lower high and price action lower low. That mean that trend will chhange, as now, we see a clearly break-out of this bullish channel flag. Now I put my buy order limit at $1.1520 USD, Stop Loss to $1.1475 USD and take profit toward $1.1628 USD. Also that I don't comment, in H4 it's appear that GBP/USD it's into this bearish channel and has a forecast that want to reach $1.1630 USD. i'm longing GBP.USD. But not bad this short posiiton, and remember we can't to know what will happen with GBP/USD in the future. But we can to take the resource like fundamental analysis and technical analysis to take better decision in this market. I hope that this idea support you!!! Good luck!!!
Long
by harisonhbn9718
2
EURCAD - HEAD AND SHOULDER / DESCENDING CHANNELHello traders, here we are again looking at EURCAD with a nice sell opportunity. on the 4hr time frame, there is a clean descending channel with some false breakout but with that, the chart is neat and clear about the market direction... currently, there is a head and shoulder pattern formed, with breakout and a retest of the 0.5/0.618 retracement levels just as i have clearly indicated on the chart. This is a clear SHORT opportunity with stop loss above the retracement zone... For more free professional and simple analysis, please like, comment, share and follow. Thank you and see you in our next analysis
Short
by bluebellfxtrading
1
🚀😝$RVLT #RevoltToEarn #revolt2earn Short-Medium Term Trade😝🚀While $RVLT, the governance token for the "Revolt 2 Earn" DAO, is still very new in its lifespan, there seems to be a great long trade set-up here. $RVLT is the sister token to $CULT, the governance token of the Cult Dao. This is a trade set-up I, personally, have been waiting for very adamantly. I will be personally holding most of my $RVLT much longer-term, however there is a great set-up here for a possible 3X-5X return on a short-term to medium-term long. Assuming that the entire market doesn't crash down to nothing-ness, then this long should potentially hold up very well. $RVLT has broken out of the narrowing, descending channel that it has been in for the past month. This could result in some short-lived sideways movement, followed by a reversal in (Short-term to medium-term) trend. This coincides with the both RSI's sitting at very oversold levels, adding more confluence to this trade idea. My personal best buy price is $0.0000000781. However, any buy within the range between $0.0000000662 & $0.0000001095 would be a great buy-in price, with a SL below the previous swing-low. TP range for a 2X-3X return would be anywhere between $0.0000001738 & $0.0000002338, and a 4X-5X return would be anywhere in the range between $0.0000003837 & $0.0000004394. **This is my opinion, based on my own interpretation of chart data, and is not financial advice of any form.**
RLong
by DoozerInvest
Bitcoin - Correction has been completed! New bull run started. As per my Elliott Wave analysis, an ABC correction (ZigZag) has been finally completed, and we have to start a new impulse wave! Now or never. We have a falling wedge pattern that is very close to a breakout. Indeed, this is definitely not a nice wedge, but the shape is similar. The previous first impulse wave has a third wave overlap structure, which is definitely acceptable. It's pretty rare to see it, but Elliott said it's possible.  Bitcoin's dominance is going down - LTCBTC is breaking out of the major downtrend from 2018. ETH looks much stronger together with BNB. This indicates an alt season in progress.  I am bullish on Bitcoin and on the stock market, and I don't think we will go to 13 000 USDT. Prepare for the 10-year biggest bear market in Bitcoin history if we fall to 13 000 USDT.  I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
104
BTCST Bitcoin standard hashrate | +4000% gains! | Elliott Wave BTCST is a token collateralized by real Bitcoin mining power; by staking BTCST, holders can receive daily Bitcoin contributions that correspond to the staked mining power. As such, BTCST allows users to mine Bitcoin from inside the decentralized finance (DeFi) ecosystem. The downtrend on the weekly chart has been completed, and we have already started a new bull run with a very impressive impulse wave!  If you are an Elliott Wave trader, then you usually want to buy the dip during the second corrective wave and ride at least the third wave to the upside.  We don't know how deep the correction is going to be, but we already hit the 0.618 FIB on the log scale and the 0.854 FIB on the linear scale, which is definitely a reasonable correction for the first impulse wave.  Also, we have a falling wedge bullish pattern on the weekly chart that was destroyed by the bulls last month.  You may say in the comment section that the news is bad, but this is a standard process and the news usually gets better during the third wave.  Overall, I think the technical analysis looks pretty juicy, and this altcoin provides a great opportunity for a long position! I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, please hit "Like" and "Follow"!
BLong
by UnknownUnicorn2537518
79