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Descending Channel

Link - Trendline is breaking out! +60% right now Link looks pretty strong in the immediate short term, but for the long term I am still very bearish and I will tell you why in this analysis. We have a huge descending parallel channel on the daily chart and there are still no signs of a trend reversal. The first is that we at least need to break up this channel to be more confident. Also, my Elliott Wave analysis suggests that this downtrend is incomplete and we can definitely expect 2 USDT per coin next year. But for the immediate short term, we have a nice local ascending triangle - bullish pattern , and also the main yellow trendline has been destroyed by the bulls recently. +60% profit is possible and the previous wave (1) is a strong resistance, which can act as a reversal point in the future. If you really want to buy something in the short term, then the LINK coin is a great choice. But do not forget that the main trend is a downtrend, so take profit very soon. We don't know what the expected duration of this trade is. It can literally pump in a single week, or it can take 2 months to reach 13.3 USDT. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
66
Terra LUNC | Last chance to sell before it crashes again! LUNC now offers an amazing opportunity to sell your coins before it crashes again, which is really great! Also, you can enter a short position on the futures market to profit from this upcoming move to the downside. This chart is definitely not bullish. I see a big bearish downtrend that is in progress. The price is clearly moving in the parallel descending channel on the 4h chart, so theoretically we can still go up a little bit. According to my Elliott Wave analysis, the first impulse wave has finished and we are in an ABC correction followed by another impulse to the downside. My target is 0.00012000 USDT, then maybe we can start a brand new uptrend to new all-time highs. It's possible, but I am not buying anything named LUNA, LUNA2 or LUNC. In my opinion, the volatility will go down and the price will go down slowly. Forget about LUNC, you are too late for the bull party. If you are a lover, buy it lower. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
65
Ethereum - Relief uptrend, the bulls are stepping in! The bulls are ready to step in. They are waiting very patiently to enter the market for an upcoming uptrend!  I think this huge downtrend on the 4h chart is over and we need to go up now, because nothing moves in a straight line like Luna.  I see a lot of indicators on the stock market and also on other altcoins that the bulls are gaining strength temporarily.  But I think this will be just a relief rally before a continuation to the downside in the direction of the major bear market.  On the 4h chart we can spot a nice descending channel and the price is currently breaking out! I expect 0.618 FIB and the previous breakout level to be strong resistances where the bears will appear again.  According to my Elliott Wave analysis, we have finished the strong impulse wave to the downside and we are now looking for an ABC retracement.  Also, the price is consolidating in a symmetrical triangle and we are very close to a breakout, so place your orders if you trade Ethereum. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
23
Formation of a massive bearish flag on HTF Bitcoin charts.Title says it all. Price broke out at around $28,000. I would expect a breakout dump / downwards movement into the supply area in confluence with the bearish flag pattern targets between $17,000 and $18,000 (roughly the same percentage down as the breakout from above into the flag). Please check linked idea for a more in depth supply vs. demand bearish sentiment and my short term view on Bitcoin's movement inside this channel / bearish flag.
COINBASE:BTCUSDShort
by xcitedDelirium
Ripple XRP - Bull trap! Don't fall for this pump, important! This pump on XRP is a bull trap to wipe out short traders before we continue lower to 0.1-0.2 USDT. Of course, you can trade XRP on the 1h chart and profit from this pump, but this analysis is on the 3D chart. There is still room to go to the upside, so for short-term traders it's definitely an opportunity, but it's very dangerous in my opinion because this correction might already be complete. The Bears have a fantastic opportunity to enter a short position at the top of the parallel channel + the POC of the previous symmetrical triangle. It is a common thing to re-test the symmetrical triangle at the apex point. The trend is still very bearish on the higher timeframes, so this is just a temporary uptrend, which I would never long, because the trend is your friend. I don't know, maybe it is. XRP has been in a bear market since 2017. It has been 5 years and we didn't even hit a new all-time high during the 2020–2021 bull market. We have strong support at 0.1 USDT, where we can also take stop losses below this swing low before continuing higher. As per my Elliott Wave analysis, this whole structure is totally incomplete and I am missing an impulse wave dawnward. But after all, I think XRP will experience a massive bull market, maybe in 2023-2025, to new all-time highs because it looks very solid on the monthly scale. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
45
MASSIVE DOWN POINT never seen since March 1985The reason I took the trade I simple, there are 4 reasons First of all, I was waiting to see the breakout of the price and now we can see a descending channel with a downside breakout and a pullback. Second of all, The price broke the massive support of 1985 which means the price will struggle to break it again as resistance. The probability of the price going down is greater than the probability to go up and challenging the resistance. Moreover, there is a divergence in the MACD Ind that shows an Inversion in the psychology of sellers. In most cases, they predict an inversion in the trend but the Macd is not even to break the trendline which means we can take profit as long as the price doesn't brake the macd trade line. I've set my take profit by measuring the width of the channel and put my tp on the same width measurement starting at the pullback. We might see a downfall even bigger I'll give some news, later on, wait and see.
by pacifiedRice75213
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