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Descending Channel

META: downtrend continuation or reversal?META is down almost 60% in the last year and it looks like there are two possible outcomes from here. Bullish scenario: The current pattern is generally bullish and typically anticipates a significant trend reversal. The Sentiment Index indicator shows a weakening in the Bearish Sentiment which could indicate that a more bullish sentiment could come next. Bearish scenario: The price is currently pushed down by two major resistances and any bull attempt must be able to break up both. A breakdown of the Bearish Sentiment trendline (blue trendline at the bottom) would indicate a strong trend continuation to the downside. Given the overall market condition, it is likely that META will move according to the macro-environment, however, the two scenarios above outline what to look for. Remember to do your analysis, be patient and always look for confirmation from the indicators.
NASDAQ:META
by a.b
Descending Channel on CAD/JPY @ H4A descending channel has formed on the 4-hour chart of the CAD/JPY FX pair and offers a bullish breakout opportunity. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss is to be set to the low of the breakout candle (or to the low of the preceding candle if the breakout one is trading mostly outside the channel) - it isn't shown on this chart.
Long
by AndriyMoraru
KCSUSDT wants another breakout! The price is creating another channel below the daily resistance after the market retested the 18$ as I told you in my previous analysis. How to approach? The price needs to create a new breakout from the 18$ and retest it as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
SOL/USDT : Breaking below the descending channel! BINANCE:SOLUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $SOL has broken below the descending channel on the current daily candle. So the major movement is expected to be bearish, But there's a formed bullish order-block at the current price level. That's why we'll need to break below the order-block to confirm both bearish break below the channel and bearish movement as the majority. - Also, We'll have the opportunity to locate our Short into a proper retest of the broken order-block at $34.00 and aim for May's Low at $20.00! In other terms, If we get the support for the current order-block, Then it'll activate the pullback scenario towards $58, So it'll come with Possible Long positions, But it's not our main scenario yet! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
34
ADA is this a breakout?ADA in downtrend for last 190 days and it seems it is breaking out of the descending channel. We had expected a pump from 0.8 which was the untested low. Analysis The blue line is a trendline which is acting as great resistance and its from ATH The green line acting as support line The red line is the line which act as breakout resistance History shows us there is 2 previous false breakout on ADA Also 21 and 100 weekly moving average are also acting is resistance. As it seems there are so many resistance factor on the chart so its safe to assume this another fake breakout and lets wait for a successful retest of the trendline.
by BlackBirdTrading
13
USDJPY | New perspectiveIt is going to be a busy week as eyes remain fixed on Non-farm payroll. Traders will also pay close attention to the ISM manufacturing report on Wednesday and the Conference Board consumer confidence reading on Tuesday which is expected to show a significant deceleration. The main economic release on Friday will be important to see if hiring remains strong. The consensus estimate for the change in nonfarm payrolls is 329K jobs, a dip from the previous 428K. All these shall have a significant impact as we should be expecting a lot of consolidation before a breakout/breakdown. From a technical perspective, I have two scenarios that we can get ready for going into the new week. Risk Disclaimer: 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.
Long
by darcsherry
EURJPY - Descending ChannelHello Traders, its almost month end and i hope you had a successful trading month. Let's take a look at EURJPY which was in an up trend and later formed a descending channel since April. Price has tested resistance twice and currently for the third time, there is rejection and bearish pressure for a drop to support... So we can see an opportunity to take a sell/short with stop loss above structure at resistance and profit at support as indicated on the chart... For more free analysis, please follow, like and share... Thank you
Short
by bluebellfxtrading
USD/JPY: Key to watch to long positionU.S. Dollar/Yen Japanese it's look with a possible long position in H4 timeframe. Because we're in the demand zone and also, you can to see any bullish harnonic pattern but I would to watch out this price to entry in long position if they appear any bullish envolving, hammer or any bullish candlestick pattern. This it's the H4 timeframe. Because we could to look any bearish channel and we could to see a bottom here, also this it's a bullish rising wedge and I have a plan to long USD/JPY. But I would to hope if we see any bullish pattern, in otherwise, this will be any confirmation to entry in long. Just wait to develop this trade!!! THe market it's neutral, but perspective to long position Good luck!!!
by harisonhbn9718
2
SPX temporary bottomThis could be a temporary bottom for the Market. First we have a divergence both on the Stochastic and the RSI. The price bounced of the trendline and the Fibonacci(Bottom of the Corona Crash and all time highs).And on the Weekly the price closed outside of Bollinger bands which could mean that the price is oversold in a way. But this is not the market bottom, far from it. The situation in the world is unpredictable and unstable. Another reason are the Elliot waves on the weekly chart that I posted showing where the price could go.
SP:SPXLong
by BernardPupacic
1
USDJPY | Perspective for the new weekGoing into the new week, the upside potential of the Greenback against the Japanese yen appears to be becoming more limited as falling Treasury yields is undermining the pair’s most potent logic. Technically, the appearance of a double top structure right above the 131 area followed by the breakdown of the neckline is a signal that there is a risk of further decline probably in a short term. Risk Disclaimer: 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.
Short
by darcsherry
USD/JPY: EMA 200 make resistancU.S. Dollar/Yen Japanese it's look bearish from this side. So, we see that it's moving into this bearish channel flag and MACD doesn't have enough strengthen to continue up in H1 timeframe Meawhile, in H4 we see that we're into this bearish channel in formation as we see this bearish channel flag, we're in the key point to sell Also, I read that U.S. Dollar fell today in some pars as an uptick in investors' appetite for riskier bets diminished the U.S. currency's appeal. Also, another fundamental analysis that I read recently it's that United Sates considering to block Russia ability to pay its U.S. bondholders that expire next week and this could be another bad expectative that I see in this rumor. So guys, I'm shorting USD/JPY at $129.48 JPY and my target will be $127.40 JPY (207 pips) and SL to $129.98 JPY (50 pips) I hope that this idea and analysis support you!!! Good luck!!!
Short
by harisonhbn9718
4