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Descending Channel

Is INTC getting ready to break its channel?As with most stocks, INTC has been in a bearish trend beginning this year. Recently it has entered into a neat downward channel. Following the last test of the channel upper bound (denoted by the blue flag), a substantial decline occurred. This decline ended with a volume spike against the lower bound. The last test of the lower bound (denoted by the green flag) is strikingly different than the previous. It lacked a volume spike and did not push the Stoch or MACD to new lows. In fact, during the latest retracement up, both indicators flashed signals of a bullish divergence. It seems likely that this retracement following the latest lower bound will take us at least to the upper bound, if not break the channel.
NASDAQ:INTCLong
by Ronald_Ryninger
3
0807 NFP P1 GBPJPY drop more down to test 160Hello traders, Last Sunday, I got one wkly plan for GBPJPY : On this last trading Friday, seems that wkly plan did not work well. Back on 6h chart, you should check with the downtrend channel that could send this pair down to last low 160 where is also fibo EXt1.27 position. Lower position fibo ext1.618 is possible as long as price run alone with the channel down to break those supports. GOOD LUCK ON THIS SELLING PLAN . LESS IS MORE!
Short
by FUNTRADER-Vera
Serum SRMUSDT - Falling wedge + Elliott Wave + Channel- On the daily chart, we can see a huge falling wedge - bullish reversal pattern. - The wedge has been broken and retested by the bears. - Also the price is forming a descending channel, so for a confirmation trade - wait for the channel breakout. - Out profit target is top of the wedge or 0.5 FIB. - As per my Elliott Wave analysis - the impulse wave has been completed successfully! - There are definitely better altcoins to buy at this moments, but i want to share with you also this coin. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
SLong
by UnknownUnicorn2537518
7
CAD/CHF: Long position, break outCandian Dollar/Swiss Franc formed a bearish channel in H4 timeframe and made this break out and pull back in the H4 timeframe This it's the Daily timeframe and we supported the zone of $0.7400 CHD like key support strong in Daily chart as bull continue climb the price. But now, in H1 we pass the pull back confirmed and I think that CAD/CHF will go bulish now. I entry right now in the price of $0.7471 CHF, Stop Loss to $0.7445 CHF (24 pips) and target to $0.7552 CHF (83 pips) I hope that this analysis support you!!! Good luck!!!
Long
by harisonhbn9718
6
Litecoin LTCBTC - Falling wedge + New bull market! +Elliott Wave- On the weekly chart we can see a falling wedge - bullish reversal pattern and the price is currently above the wedge! - Due to my Elliott Wave analysis - we have completed an impulse wave successfully (12345) as you can see. - Our profit target is 0.618 FIB retracement of the wedge or you can target top of the wedge if you think that the price can go even higher. - LTCUSD pair looks strong compared to bitcoin last week, so we can really experience a huge uptrend. - We have a huge volume spike as you can see on the indicator! - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
9
Tron TRXBTC - HUGE Breakout! Channel + 200MA + Elliott Wave!- Tron is currently one of the strongest altcoin on the crypto market! - On the weekly chart we can spot a descending channel , that has been destroyed by the bulls. - Also we can see a broken ymmetrical triangle, which is definitely a great sign too! - 200 weekly MA is considered as a massive support by huge institutions and the price is currently above the level! - We are currently in the Impulse Wave (1-2-3-4-5), so it is the best time to buy right now. - Next resistance is the previous all time high from 2018. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
1
PolkaDot DOTUSDT - ABC completed! Elliott Wave + Channel- On the weekly/3D chart we can see a parallel channel and the price is currently on the support of the channel. - Due to my Elliott Wave analysis - the ABC correction has been completed successfully and now we are prepared for another bullish market! - 0.618 FIB is the strongest FIB level and the price si currently sitting on this level. - If we take a look at the RSI indicator, we can spot a nice bullish divergence with a lower high! - Wave 1 horizontal support (previous swing high) from 2020 is another great support that we have. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
3
Ripple XRPUSDT - Massive BREAKOUT! + Elliott Wave + Channel- XRP on the daily chart looks like it wants to start a pump very soon! - We have a parallel channel (on the daily chart ) that is very close to break up. - Due to my Elliott Wave analysis - the Impulse wave should be completed and now I am expecting at least a retracement. - The trendline (from March 2022) is now definitely broken, which is a good sign indeed! - We still need to break the POC resistance of the volume profile . - Profit target - 0.618 FIB + End of the first impulse wave. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
1
AutoFarm AUTOUSDT - Record Volume + HUGE Channel + Elliott Wave- On the daily chart we can clearly spot a descending channel , which is very close to a bullish breakout! - If you take a look at volume , we have a massive bullish volume spikes - always good to see. - 200 weekly MA is actually acting as a resistance, but if the channel breaks up, then the MA will too! - Due to my Elliott Wave analysis - 12345 Impulse wave should be completed and now are expecting at least a retracement to 0.618 FIB. - Look at my ideas about another great altcoins in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
ALong
by UnknownUnicorn2537518
5
Keep3rV1 KP3RUSDT - Huge breakout! Falling wedge + Elliott Wave- On the daily chart we can see a nice falling wedge / descending triangle, which is very close to a bullish breakout! - We have a local double top above the wedge and we can definitely buy a breakout above this level for a confirmation trade. - 0.618 FIB + End of the Wave 1 + End of the Wave 4 is the next resistance, so you can setup your profit target here. - If we take a look at the volume indicator - there is a strong bullish volume and that is always good to see. - As per my Elliott wave analysis - Impulse Elliott Wave has been completed succesfully and now I am expecting at least an ABC correction. - See my ideas about Bitcoin and Ethereum in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
KLong
by UnknownUnicorn2537518
3
$META FACEBOOK Meta Technology Falling Wedge Descending Channel$META FACEBOOK Meta Technology Company Falling Wedge Pattern - Descending Channel - Double Bottom at support with a bullish harami on the 4 hour candle. $META is looking bullish from here on a technical view for a bounce off the bottom trendline. If it breaks out and holds above the channel it has a measured move of $234 target. GAPS are marked in RED. Word on the streets says Mark Zucker is not hiring much and has been bringing the heat in on his current employees hoping to weed out the weakest links. Meta has had some failed crypto related launches and has thick competition in the social media world. Better management and highly talented individuals is exactly what the company will need in order to be first class in the metaverse and live up to the name.
NASDAQ:METALong
by ChaldeaCode
TREND IS YOUR FRIEND - BITCOIN CHANNEL INTERSECT at 5,100 THE TREND IS YOUR FRIEND - THE FIRST GOLDEN RULE AT THE FOUNDATION OF TECHNICAL ANALYSIS. A Multi Month parallel channel from December 2021 is PERFECTLY confirmed by Price Action; The NEXT INTERSECTION with The Lower Support Trendline Is IN THE PRICE CENTERED ON 5,100 dollar per Bitcoin. In full agreement with the previous bottom at 3500 ADJUSTED for inflation. Converges with similar predictions by supply zone and multi-year Bitcoin lowest values behaviour.
Short
by cure4virus
4
CAD/CHF: Gartley Harmonic PatternCanadian Dollar/Swiss Franc forming a awesome Gartley Harmonic Pattern in H1 timeframe. The price it's move into this bearish channel and this it's another opportunity to short CAD/CHF. in that trade, I will put a sell order lmit to $0.7422 CHF. My Stop Loss to $0.7452 CHF and take profit of $0.7352 CHF. This it's an opportunity to find down 69 pips. The H4 timeframe will closed up this candlestick bearish, if that result bearish, it's a sell imminent in this good trade I hope that this idea support very well in your analysis. Good luck in this short position!!!
Short
by harisonhbn9718
4