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Descending Channel

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
CAD/CHF: Possible opportunity to longCanadian Dollar/Swiss Franc it's one of my analysis that I check out and I was in short, but I loss this trade in the first as I analyzed with my iphone and my iphone I suppose that I can't to analyze it than using a computer or laptop, a better way to see full the chart. Ok, now, so, I believe that Canadian Dollar look strengthen in the trend, what we could to hope that CAD down a little like 40 pips and find bought in the smart zone like $0.7406 CHF, And this bullish movement could to up to $0.7500 CHF. i calculate that this will be an opportunity of 97 pips approx. to find up bought This it's the H1 and I identify a bullish divergence in the RSI, what in this part I was liquidated. But now, I understand that bullish divergence mean change of trend. Now, we expect this opportunity to long Meanwhile, in Daily timeframe it's look that made this break-out of this bearish channel, what bulls are interested to buy. I hope that this analysis support you. i wil keep update when CAD/CHF raise at least $0.7406 CHF, i suggested to put an alarm at this price when hit down.
Long
by harisonhbn9718
Bitcoin Dominance BTC.D - Downtrend continues! | Elliott Wave Bitcoin is still a very weak asset, compared to altcoins or the stock market index. As per my technical analysis, bitcoin's dominance should go down to the previous swing low established in 2018. You can bet there will be a bounce, but the question is, how big is the bounce going to be?  As you can see on the chart, the ABCDE pattern has been completed, which usually indicates a final upcoming wave. It's something like triangles in fourth waves. It's hard to do an Elliott Wave count here, because this is not a standard chart. This chart can oscillate only between 100% and 0%. We don't know if the first drop from 100% to 35.41% is an A wave of the correction or a 1. wave of the impulse, because there is no major trend. It's an oscillator. There is a very high probability of going down to the previous swing low because charts like BNBBTC, LTCBTC, XMRBTC, TRXBTC and others look bullish. It's probably a good idea to switch to Bitcoin when the price reaches my target. For more analysis, please hit "Like" and "Follow"!
CRYPTOCAP:BTC.DShort
by UnknownUnicorn2537518
61
TSLA SHORT NASDAQ:TSLA TSLA on the 4 hour chart appears to be in a downtrending parallel channel and presently at the upper resistance boundary of the channel. This could also be a megaphone pattern as the channel is widening a bit as it descends. I see the horizontal resistance of February 2021 market high as resisting any breakout to higher prices. I see horizontal support below at 190 from the market lows in March and May this year. The MACD oscillator is in mid-range as is the RSI oscillator. The latter shows some bearish divergence suggesting an impending reversal. I see this as a short setup to synergize with the general market the downturn from the current market price to 190 or until just before the earnings report in mid-October. This is about $100 of profit I will set a stop loss of $5 above the current market price Thid is a great reward-to-risk ratio even if the price gets jammed up at Fibonacci retracement levels on its way down. The low-costTR bearish ETF is a consideration as are out of the money put options.
NASDAQ:TSLAShort
by AwesomeAvani
EURUSD - The downtrend is at the end! Elliott Wave + Channel The EURUSD is successfully holding the 1.0 USD level. This is indeed a significant psychological level, and we haven't seen any weekly or monthly candles that closed below this level.  On the RSI indicator, we have a bullish divergence on this daily chart, and we also have another triple bullish divergence on the weekly chart as well! So, if you like divergences, this is definitely your cup of tea.  As per my Elliott Wave analysis, this huge downtrend should be over (or 1 last wave to the downside), and that's why I expect a corrective move to the upside (ABC correction). Let's see how big this upcoming retracement is going to be.  On the daily chart, we can spot a beautiful descending parallel channel, and if you prefer to wait for confirmation of my bias, then you can wait for the channel to breakout.  As you can see on the chart, we had 2 fakeouts during this downtrend, which indicated a corrective move. Usually, the third breakout is real!  The profit target is at 0.618 FIB + the start of wave 4. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
38
Ripple XRP - Market overview + Elliott Wave analysis XRP is a very weak coin this year, and this trend will probably continue for another year. I'll tell you why.  During the bull market in 2020–2021, XRP failed to print an impulsive wave and also failed to make a new all-time high. Instead of an impulsive structure, we have an ABC correction. This tells us that the bulls are not strong enough yet to push the price higher and that the bears remain in full control. I think XRP will experience a massive uptrend on the weekly chart, but we still need to be patient and wait for the opportunity that should come later in 2023–2024.  As per my Elliott Wave analysis, this bearish structure is absolutely incomplete, and that's why I expect another down-trend. The chart printed a symmetrical triangle on the weekly chart that broke down. Symmetrical triangles on weekly timeframes are especially powerful, and it usually requires more time for the bulls to regain strength again. 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"!
by UnknownUnicorn2537518
29
Binance BNB - Stronger than ETH! Best time to buy? As I mentioned in my previous analysis, BNB hit a new all-time high on the BNBBTC pair, which is an extremely bullish event! Also, BNB is stronger than ETH, and as per my analysis of the BNBETH pair, the uptrend should continue into next year. On the daily chart, we can clearly see a falling wedge pattern that has been destroyed by the bulls recently. Now we are "retesting" the pattern. My Elliott Wave analysis suggests that a major ABC correction has been completed and we have already started a new impulsive wave to the upside. Currently, we are in the second corrective wave.  Binance coin is definitely a great choice and with an upcoming alt season, this altcoin will perform much better than Bitcoin. Look at my ideas about BNBBTC analysis and other promising altcoins in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
35
Alpine Formule 1 - Breaking out! Huge opportunity, right now. As you may know FAN tokens show great strength compared to other altcoins. A huge symmetrical triangle is breaking out on the weekly timeframe, as well as a local rectangle base! Due to my Elliott Wave analysis, I expect an impulsive wave, because the massive ABC correction has been completed. I also checked out the ALPINEBTC pair, which is even stronger, so I don't know what about you, but I am buying! The profit target is below the previous all time high, which is a reasonable target before a possible correction. 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
34
EURUSD-Weekly Market Analysis-Aug22,Wk4EURUSD is on its bearish run on all 3 major timeframes, the daily, 4-hourly and 1-hourly timeframe. Check out the bearish channel drawn on 10Jul, link at the bottom of the TradingView post; you can observe that when you drew the channel correctly, you can see the market respect the channel by stopping and reversing at the end of the channel. That is when you know you did your analysis right. If you are trading off the lower timeframe, the 4-hourly chart, you could wait for the market to pause and reverse at 1.0138 for a trend trading shorting opportunity. Never underestimate the accuracy of structure trading and basic chart pattern; once done right, they are the most powerful trading setup.
Short
by RaynLim
2