Descending Triangle
DOGE short term analysis-DOGE forming a descending triangle layered with two floors,
-multiple strong supports make for good accumulation zones,
-RSI stabilized after trending down,
-flash crashes in the crypto market has proven the strength of the buyers over sellers,
-expect price to rise as volume increases.
💥ETCUSD - SHORT TO $90 THEN LONG TO $140Price is presently in a symmetrical triangle.
Price broke the supply zone downward. Therefore, I expect price to pull back to $118, short to $90, then long to $140.
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TRX Tron - Breakout Swing Upwards - ConfluenceTRX Tron is showing confluence for an upside swing to hit 0.175. It has just broken out to the upside after a bump and run, a three drives reversal, within a descending triangle.
An additional confluence point to take notice: It has also hit the Fibonacci Golden Pocket retracement level.
Overall market structure looks bullish.
BTC bullish movement in 3 small levelsLevel 1 - breaking out of the descending triangle, which could act as a continuation pattern for BTC with a target closer to 59.5k(approx)
Level 2 - There is a strong resistance zone above level 1, if we break this zone, then the price is going to walk towards ATH approx 64800k
Level 3 - If the price breaks above this, BTC will record a new ATH in its account.
What do you think about this?
Your comments and views are more than welcome!
Thank You!
Disclaimer: These are only my observations, please do your own research before following anything blindly. Due to its volatile nature, anything can happen at any time.
Filecoin approaching breakout pointFILUSDT has almost completed a triangle (3-3-3-3-3) corrective pattern. A continuation of the prior uptrend is likely following a breakout of this descending triangle.
USD/CHF Signal - USD Durable Goods Orders - 26 Apr 2021USDCHF is finding support prior to the USD Durable Goods Orders data, which measures the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, such as motor vehicles and appliances. Technically the pair is at the key support zone, and has made a break to the upside of a descending wedge pattern. The PPO has performed a bullish cross.
Dogecoin Retracement The Dogecoin hype being lead by Elon Musk will potentially continue through the remaining months of the Bull-run to a final price target of $1. Before we continue to trend higher, a correction is due for Dogecoin while other altcoins increase in capital. The MACD crossover is indicating the sellers are now regaining control of the price after an extended uptrend. The RSI also presents that DogeCoin has been in a overbrought state and was previously supported by the upper 70% line on the RSI, however this level of support has currently been broken and failed to break back above 70% on the retest further indicating the probability of a retracement is likely. The price target for this short position is taken from the largest point of the descending triangle and placed below where the point of breakout. $0.445 which is the 0.618 fibonacci level which previously acted as resistance when DogeCoin created an all time high.
WAVESUSDT DESCENDING TRIANGLEWAVESUSD is showing a descending triangle pattern in the hourly time-frame. Because it is still in a upper trend, the brekout is expected to be upwards.The bollinger bands are tight right now so that means there will be a bulky movement upwards or downwards. To open a position we have to wait for the break out and a possible re-test. This is not a financial advice. Do your own research!
Bullish Flag or Descending Triangle for Hive?Hive appears to have consolidated into a GIANT Bullish Flag or Descending Triangle pattern.
The horizontal baseline of the pattern has acted as support numerous times, and this specific price range has a lot of confluence dating back to early January of this year when it acted as a ceiling resistance before Hive sliced through it like butter surging over $7.00 CAD before selling off.
I have placed green upward arrows displaying three separate support bounces off the horizontal baseline of the pattern formation and red downward pointing arrows where the horizontal it once acted as resistance, inherently bullish considering this same price range has confluence dating back to Nov 2017 and it was acted as resistance back then..
Bullish cross on the KST where I have placed the downward pointing finger.
The DMI is displaying a Bullish twist where I've placed the blue upward pointing finger.
$8.00 CAD price target which is the extension target of this pattern if it plays out bullishly.
BABA's tightening coil to spring up or down?BABA appears to be forming a coiling wedge, or descending triangle, off of a prior bullish trend. So a strong break out or down seems likely on the classical expectations of this formation. Which will it be? It seems easier, based on Alibaba's fundamentals, as well as retested support forming the base of this triangle, that it will break out (ie, up), not down. Let's see...
SUSHI/USDT is on verge of descending and ascending!Hi every one
SUSHI/USDT
SUSHI/USDT has been in a descending triangle for quite some time! the triangle has broken downward and the pullback to the triangle bottom line has been done which means the price is ready to continue the bearish movement as much as the measured price movement(AB=CD) but there are some signs that might make the price move the opposite of what we expect! as you can see there is Hidden bullish divergence (+HD) on MACD and the MACD line is about to Cross the Signal line upwardly this means there is a Chance that SUSHI would increase and break the descending triangle pattern and start a strong bullish movement!
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Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
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$LINK: Is bullish. That's it. That's the post.- Massive upper trend line about to be tested. Let's see if it can clear that.
- Turquoise horizontal lines are previous highs and lows = probably S/R levels.
- Both super trends are BUY on the 4 hour chart.
- True Vibration is showing a long green buy zone. Looking for the invalidation around this level too.
- Bollinger bands are pretty wide, but bottom band and top band are both starting to point up. = bullish continuation of volatility.
If $LINK breaks above that upper trend line from the last few weeks. I'd expect it to pump, retrace to retest one of those horizontal S/R levels, and then to continue on it's grind towards 3 figgies and beyond.
Once staking is announced, all bets are off. That will be a massive buy the rumor event. $100 would be a pit stop when that happens.
A failure to break above that upper trend line would probably see us retest the 35.20 level, and if that doesn't hold then back down to 30 which has established itself as a strong floor. If it hits 30 again? I'm giga chad high leverage longing. Full send.
Either way though? I'm LONG term hold on this. Passive income from the most important crypto in the entire space is part of my long term plans. If you know, you know.
Solar Energy descending-triangle BreakoutSolar energy ETF is currently breaking out of a descending triangle.
There are multiple resistance levels to take into account. However, a measured move from the current break of the triangle, is taking us to $113 approximately, which is my mid-term target.
MACD has been uptrending while the price has been downtrending, the divergence is bullish signal for this breakout to hold.
The MACD histogram has also been positive for the divergence period.
Volume still needs to improve.
