Adjustments for Better ReadingsMany traders rely on technical indicators to identify opportunities for profit—that's the whole point of this game. Whether it’s scalping, day trading, swing trading, or shorting the market, most trading decisions are based on indicator readings—be it a single indicator or a combination of several.
But here’s the truth: not all traders truly understand what an indicator is. They don’t grasp its nature—let alone the fact that this nature can be adjusted.
Those who don’t understand how or why an indicator works often find themselves in stressful and uncomfortable situations. It’s no coincidence that we often hear the common phrase: “Only 1% of all traders succeed, while 80% blow their accounts, and the remaining 19% barely break even.”
Why? Because the elite traders understand something most don’t:
Whether an indicator is leading or lagging, it can be customized to behave differently across different timeframes.
These adjustments can be found in the settings section of every indicator.
Let’s take the Relative Strength Index (RSI), which I’ve mentioned in previous ideas. Some of you may have noticed that my RSI plot looks different from yours. That’s because I don’t use the default 14-period RSI, which averages out the last 14 candles.
RSI is naturally lagging by default—but that doesn’t mean it can’t be trusted. In fact, with the right adjustments, that lagging nature can become leading. Learn how to do this. Push yourself. Educate your mind. Master this, and you might just find yourself among the top 1%.
Markets react to signals—signals that are often hidden in plain sight, created by the big players who always leave behind footprints. This is the trader’s true skill: seeing the whole picture.
A good friend once told me: Be a detective.
Now let’s go to the chart.
We clearly see a bearish strength unfolding.
Not only is the 9-period RSI plot trending below the yellow 28-period Weighted Moving Average (WMA), but we also observe a healthy continuation of the downtrend, confirmed by the WMA itself.
Using a 9-period RSI gives faster signals, while the 28 WMA offers smoother confirmations. This combo is applied on the daily timeframe—but every timeframe has its own ideal settings.
Now, when the RSI plot trends above the WMA, this can act as a potential reversal signal or even a confirmation of a trend change, depending on the broader market structure and volume context. It's not just about the crossover—it’s about what follows next. That’s where the detective work begins.
What do we see today?
Looking solely at the daily timeframe, the downtrend seems far from over. But to analyze it professionally, we must wait for the candle of Friday, June 6th, 2025 to close.
Switching to the lower timeframes, we see something interesting—a sort of bullish dominance unfolding during this incomplete trading day. But the real question is: Is it actual dominance?
Let’s break it down:
We have a clearly formed Head & Shoulders pattern.
The bearish Marubozu candle from June 5th made a new lower low (LL).
But—it did not close below the key swing low at 100.718.
Therefore, the Head & Shoulders pattern is not confirmed—it hasn’t broken and closed below that swing level.
So what’s happening in the lower timeframes?
In the 4-hour timeframe, we’re seeing a real-time crossover above the WMA (though the session isn’t closed yet).
In the 1-hour timeframe, the crossover has already occurred.
Now, such a crossover—where the RSI plot moves above the WMA—can often act as an early signal for a reversal, or at the very least, indicate a strong pullback. But don’t take it at face value—context is king. This is why we pair it with other signals like divergence, price action, and volume behavior for confirmation.
Across the 4H, 3H, and 1H timeframes, we’re observing this bullish pullback, yet it’s accompanied by an RSI Hidden Bearish Divergence (see: Macro Noise vs Micro Truth: The Art of Hidden Divergences).
Is this pullback a true reversal?
According to Volume Spread Analysis (VSA) (read: VSA vs BTC: Into a Bearish Scenario or Not?), a new narrative is emerging—but not without contradiction.
Price is climbing, yes.
But bullish volume spikes are declining, supporting our RSI hidden divergence. This volume-price disagreement is a clue.
What will reveal the truth?
Today's closing candle.
If price action (PA) creates a higher high (HH) but RSI creates a lower high (LH) → Bearish Divergence
If RSI makes a HH but PA creates a LH → Hidden Bearish Divergence
And for those of you who truly understand market structure:
The 100.718 level was a buy opportunity to secure profits.
If you caught that—congratulations. You’ve done your homework.
Now, you can sit back, relaxed, and wait for the next signal.
The market is a breathing organism. If you’re in sync with it—you’ll feel it.
And for those who believe there’s more to learn—but are struggling to find answers—there’s no shame in asking questions.
Till next time, take care—and trade wisely.
P.S. RSI plot, WMA, candlestick patterns, and Volume Spread Analysis (VSA)—when combined and used properly—can become a powerful toolset. For those willing to go deeper, they’re more than enough.
Reversal
TSLA: Continues to form a Cup and Handle reversal patternHey folks,
Just a quick analysis of NASDAQ:TSLA on the daily chart. Compared to my last analysis, price has fallen a bit since, as a new flag (handle) continues to form following a cup pattern.
- Cup and Handle pattern forming. The handle would also count as a bull flag. This is known as
a cup and handle reversal pattern, after a downtrend. So yes, it is possible for a stock to
reverse its trend through the formation of a cup and handle reversal pattern (as you can see
in the chart).
- Major resistance at $366 which marks the peak of the flag (handle) pattern. This would have
to be broken in order for the cup and handle to be valid.
- Volume has also been decreasing during the formation of this pattern: this is typical amongst
Cup and Handle patterns, and generally a positive sign.
Note: Not financial advice.
XAUUSD FOLLOW ASCENDING CHANNEL BULLISH NOW FROM SUPPORT🚨 XAUUSD Technical Update 🚨
4H Time Frame | Ascending Channel in Play
Gold is showing strong bullish momentum after rebounding from the key demand zone at 3240. Price action is respecting the ascending channel structure — and buyers are clearly in control. 📈💪
🎯 Upside Targets:
• 1st Target: 3346
• 2nd Target: 3430
As long as the structure holds, dips are for buying. Let’s ride this bullish wave! 🌊✨
📊 Technical bias: Bullish
📍 Timeframe: 4H
💡 Trade smart, manage risk.
#XAUUSD #GoldAnalysis #PriceAction #BullishTrend #LiviaTrades 😜
GBPUSD - One More Leg for Bears to Take Over!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPUSD has been overall bullish trading within the rising broadening wedge pattern marked in red.
However, it is currently approaching the upper bound of the wedge acting as an over-bought zone.
And the $1.365 - $1.375 is a strong resistance zone.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of resistance and upper red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As #GBPUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Follow the Flow: Trading with Liquidity ZonesLiquidity is where the market breathes. The Liquidity Zones indicator by BigBeluga helps traders visualize where large players may be hiding orders—revealing the zones where price is most likely to react, reverse, or accelerate.
Let’s break down how this tool works, how we use it at Xuantify, and how you can integrate it into your own strategy.
🔍 What Is the Liquidity Zones Indicator?
This open-source tool identifies pivot highs and lows filtered by volume strength and plots them as liquidity zones —highlighting areas where buy/sell orders are likely to accumulate.
Key Features:
Volume-filtered pivot detection (Low, Mid, High)
Dynamic or static liquidity zone boxes
Color intensity based on volume strength
Liquidity grab detection with visual cues
These zones act as magnets for price , helping traders anticipate where reactions, reversals, or stop hunts may occur.
🧠 How We Use It at Xuantify
We use Liquidity Zones as a contextual map for structure and execution.
1. Entry & Exit Planning
We align entries near untested liquidity zones and use them as targets for exits—especially when confirmed by structure or momentum.
2. Liquidity Grab Detection
When price pierces a zone and reverses, it often signals a liquidity sweep . We use this as a trigger for reversal setups.
3. Volume Context
Zones with higher volume intensity are prioritized. These are more likely to attract institutional activity and generate stronger reactions.
🧭 Dynamic vs. Static Zones
The indicator offers both dynamic and static zone modes:
Dynamic : Box height adjusts based on normalized volume, showing how much liquidity is likely present.
Static : Consistent box size for cleaner visuals and easier backtesting.
Why this matters:
Dynamic zones reflect real-time volume strength
Static zones offer simplicity and clarity
Both modes help visualize where price is likely to “grab” liquidity
⚙️ Settings That Matter
To get the most out of this tool, we recommend:
Volume Strength = Mid or High for cleaner zones
Enable Dynamic Mode when trading volatile assets
Use Color Intensity to quickly spot high-liquidity areas
🔗 Best Combinations with This Indicator
We pair Liquidity Zones with:
Market Structure Tools – BOS/CHOCH for context
Momentum Indicators – Like RSI or MACD for confirmation
Fair Value Gaps (FVGs) – For precision entries near liquidity
This layered approach helps us trade into liquidity , not against it.
⚠️ What to Watch Out For
Liquidity zones are not signals —they’re context . In fast-moving or low-volume markets, price may ignore zones or overshoot them. Always combine with structure and confirmation.
🔁 Repainting Behavior
The Liquidity Zones indicator is designed to be non-repainting . However, due to waiting for pivot confirmation, the zones are plotted in hindsight. This makes it suitable for real-time execution .
⏳ Lagging or Leading?
This tool is partially lagging —it waits for pivot confirmation and volume validation before plotting a zone. However, once plotted, these zones often act as leading levels , helping traders anticipate where price may react next.
🚀 Final Thoughts
The Liquidity Zones indicator by BigBeluga is a powerful visual tool for traders who want to understand where the market is likely to move—not just where it’s been. Whether you’re trading reversals, breakouts, or mean reversion, this tool helps you stay aligned with the market’s hidden intent.
Add it to your chart, test it, and see how it sharpens your edge.
PERHAPS... USDCAD LONG FORECAST Q2 W21 D23 Y25PERHAPS... A REVERSAL BACK TO THE HTF 50EMA's
USDCAD LONG FORECAST Q2 W21 D23 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Daily Order Block
✅Tokyo ranges to be filled
✅15' order block identified
✅Weekly 50 EMA
✅Daily 50 EMA
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
EURUSD - The Bears Are Getting Started!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURUSD has been bullish trading within the rising blue channel.
However, it is currently retesting the upper bound of both red and blue channels.
🏹 The highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper trendlines and orange resistance zone.
📚 As per my trading style:
As #EURUSD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Amara Raja Energy & Mobility Limited Trend Reversal On ChartAmara Raja Energy & Mobility Limited, a flagship company of the group, is India’s largest manufacturer of automotive and industrial batteries. The company also produces Li-ion cells and battery packs for electric vehicles and the telecom industry.
At current price it looks very attractive for short term gains .
Short term target may show Up move to 1100 levels and initial support at 996
long term target intact 1700-1860 levels.
Xrp - Prepare for at least a +50% move!Xrp - CRYPTO:XRPUSD - will head much higher:
(click chart above to see the in depth analysis👆🏻)
Xrp has perfectly been respecting market structure lately and despite the significant volatility, the overall crypto market remains bullish. Especially Xrp is about to perform a bullish break and retest, which - if confirmed by bullish confirmation - could lead to a rally of about +50%.
Levels to watch: $3.0
Keep your long term vision!
Philip (BasicTrading)
GBPJPY - Bullish No More!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈As per our last GBPJPY analysis (attached on the chart), it rejected the lower bound of the rising blue channel.
What's next?
GBPJPY is currently approaching the upper bound of its falling trend marked in red.
Moreover, the green zone is a strong structure and resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of structure and upper red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As #GBPJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Too Many Bullish Clues — Greed Activated📍Current Price: 143.437
TimeFrame 30Min
Bullish Reasons:
+ Strong Support
+ Psychological Level
+ Tweezer Bottom
+ Bullish RSI Divergence
+ Channel Bottom
= Potential Bullish Reversal
Support & Resistance Levels:
• 142.000 – Strong Support + Psychological Level
• 140.000 – Strong Support + Psychological Level
• 148.000 – Psychological Level + Price Target
• 150.000 – Psychological Level
"Trade smart – always follow your risk management.
Protect your account first, profits will follow.
Happy trading!"
Solana - This just faked out literally everybody!Solana - CRYPTO:SOLUSD - just faked out literally everybody:
(click chart above to see the in depth analysis👆🏻)
Over the course of the past 25 days, Solana dropped a significant -30% and wiped out a ton of bulls before creating a complete reversal. Especially with the current horizontal support level, bulls are taking over again, offering us another major crypto trading opportunity.
Levels to watch: $120, $250
Keep your long term vision!
Philip (BasicTrading)
GBPUSD - Bearish Pressure Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈As per our last GBPUSD analysis, it rejected the $1.27 - $1.28 support zone and has been trading higher.
This week, GBPUSD is approaching the upper bound of its rising wedge pattern marked in red.
Moreover, the blue zone around $1.34 is a strong resistance and previous weekly high.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and resistance.
📚 As per my trading style:
As #GBPUSD retests the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURNZD - The Bull of the Week!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURNZD has been overall bearish trading within the falling channel marked in red.
However, it is retesting the lower bound of the channel acting as an over-sold area.
Moreover, the blue zone is a strong demand!
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #EURNZD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURAUD - Long-Term Correction in the Making!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURAUD has been bullish trading within the rising channel in blue.
Currently, EURAUD is retesting the upper bound of the channel.
Moreover, the $1.84 - $1.87 is a strong weekly resistance zone.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and green resistance zone.
📚 As per my trading style:
As #EURAUD is hovering around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURNZD - Strong Intersection!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURNZD has been in a correction phase trading within the falling red channel and it is currently retesting the lower bound of the bullish channel marked in blue.
Moreover, the green zone is a strong structure and support zone.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower blue and red trendlines acting as non-horizontal support.
📚 As per my trading style:
As #EURNZD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLDM ANALYSISTechnical view on Goldm(mcx).
Disclaimer: This does not construe to be an investment advice. Investments/trading are subject to market risks.
All information is a point of view, and is for educational and informational use only.
The author accepts no liability for
any interpretation of articles or comments on this platform being
used for actual investments.
CGPT - Decent Swing Trade Opportunity $BINANCELCGPTUSDT (1D CHART) Technical Analysis Update
CGPT is currently trading at $0.0740 and successfully broke out from the local resistance and heading towards the next resistance. This gives a good opportunity for a quick swing trade with tight stoploss.
Entry level: $ 0.0740
Stop Loss Level: $ 0.0599
TakeProfit 1: $ 0.0818
TakeProfit 2: $ 0.0952
TakeProfit 3: $ 0.1114
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
Mastering chart patterns - How to use them in trading!Chart patterns are visual formations created by the price movements of a financial asset—like a stock, currency, or cryptocurrency, on a price chart. Traders use these patterns in technical analysis to predict future market direction based on historical behavior. The main chart patterns are the reversal and continuation patterns.
-------------------------------
What will we discuss?
- Bullish reversal patterns
- Bearish reversal patterns
- Bullish continuation patterns
- Bearish continuation patterns
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Bullish reversal patterns:
Double bottom
A double bottom in trading is a bullish reversal pattern that signals the potential end of a downtrend and the beginning of an uptrend. It forms when the price of an asset falls to a low, bounces back up, then drops again to roughly the same low before rising once more. This creates a "W" shape on the chart.
How to trade it:
Before entering a trade, wait for the price to break back above the neckline with strong volume, as this indicates a potential bullish reversal. Once the breakout is confirmed, look for an entry on the pullback to the neckline.
Inverted head and shoulders
An inverted head and shoulders is a bullish reversal pattern that typically forms after a downtrend and signals a possible shift to an uptrend.
It consists of three parts:
* The left shoulder, where the price makes a low and then bounces.
* The head, which is a deeper low followed by another bounce.
* The right shoulder, a higher low similar in level to the left shoulder.
How to trade it:
Before entering a trade, wait for the price to break above the neckline with strong volume, as this confirms the pattern and signals a potential upward move. After the breakout, it's important to wait for a retest of the neckline to look for an entry. Traders typically place a stop-loss just below the right shoulder to manage risk.
Falling wedge
A falling wedge is a bullish chart pattern that often signals a potential reversal or continuation of an uptrend, depending on where it forms in a price trend.
It appears when the price is moving lower but within a narrowing range, creating two downward-sloping, converging trendlines. Both the highs and lows are falling, but the lower highs are coming down faster than the lower lows, which shows that selling pressure is losing strength over time.
How to trade it:
Wait for the falling wedge to break above the downward trendline and for the price to reclaim the most recent lower high. A breakout alone isn’t always reliable, sometimes the price moves briefly above the trendline without making a higher high, resulting in a fake-out. To confirm the move, wait for a clear higher high and then look to enter on the retracement that follows.
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Bearish reversal patterns
Double top
A double top is a bearish reversal pattern that signals a potential shift from an uptrend to a downtrend.
It forms when the price reaches a high, pulls back, then rallies again to the same or similar high but fails to break above it. This creates an "M" shape on the chart. The neckline is the support level at the low point between the two peaks. When the price breaks below this neckline with strong volume, it confirms the pattern and suggests that selling pressure is taking over.
How to trade it:
Before entering a trade, wait for the price to break below the neckline with strong volume, as this indicates a potential bearish reversal. Once the breakout is confirmed, look for an entry on the pullback to the neckline.
Head and shoulders
A head and shoulders is a bearish reversal pattern that typically forms after an uptrend and signals a potential shift to a downtrend.
It consists of three peaks:
* The left shoulder, where the price rises and then falls.
* The head, which is a higher peak followed by another decline.
* The right shoulder, a lower high that is roughly equal in height to the left shoulder.
How to trade it:
Before entering a trade, wait for the price to break below the neckline with strong volume, as this confirms the pattern and signals a potential downside move, After the breakout, it’s important to wait for a retest of the neckline to look for an entry. Traders typically place a stop-loss just above the right shoulder to manage risk
Rising wedge
A rising wedge is a bearish chart pattern that often signals a potential reversal or continuation of an downtrend, depending on where it forms in a price trend.
It appears when the price is moving higher but within a narrowing range, creating two upward-sloping, converging trendlines. Both the highs and lows are rising, but the highs are increasing at a faster rate than the lows. This suggests that buying pressure is weakening over time, and the market may be preparing for a downturn.
How to trade it:
Wait for the rising wedge to break below the upsloping trendline and for the price to reclaim the most recent high low. A breakout alone isn’t always reliable, sometimes the price moves briefly below the trendline without making a lower low, resulting in a fake-out. To confirm the move, wait for a clear lower low and then look to enter on the retracement that follows.
-------------------------------
Bullish continuation patterns
Bullflag
A bull flag is a continuation pattern that signals the potential for a price to continue moving upward after a brief consolidation or pullback.
It forms when the price experiences a strong upward move (the flagpole), followed by a period of consolidation or a slight downward movement (the flag). The flag typically slopes downward or moves sideways, and the consolidation phase usually occurs within two parallel trendlines, creating a rectangle or slight downward channel.
How to trade it?
Before entering a position, wait for the price to break above the downsloping trendline and establish a higher high. If the price doesn’t make a higher high, it could be a fake-out. Once a higher high is confirmed, look for an entry on the retracement. The target is typically the length of the flagpole projected upward from the breakout point.
Bullish pennant
A bullish pennant is a continuation pattern that indicates the potential for a price to continue its upward trend after a brief consolidation. It forms when a strong upward move (the flagpole) is followed by a period of consolidation, where the price moves within converging trendlines, creating a small symmetrical triangle or pennant shape. The consolidation typically shows lower highs and higher lows, and the pattern suggests that the market is taking a "breather" before continuing its upward momentum.
How to trade it?
Before entering a position, wait for the price to break above the downsloping trendline and establish a higher high. If the price doesn’t make a higher high, it could be a fake-out. Once a higher high is confirmed, look for an entry on the retracement. The target is typically the length of the flagpole projected upward form the breakout point.
Ascending triangle
An ascending triangle is a bullish continuation pattern that typically forms during an uptrend, signaling that the price is likely to continue moving higher.
It is characterized by a horizontal resistance line at the top, formed by a series of peaks at roughly the same price level, and an ascending support line at the bottom, formed by higher lows. This creates a triangle shape, where the price is gradually compressing between the horizontal resistance and the rising support.
How to trade it?
Before entering a position, wait for the price to break above the horizontal resistance level with strong volume. Once the breakout occurs, look for an entry on the retracement back to this area.
-------------------------------
Bearish continuation patterns
Bearflag
A bear flag is a bearish continuation pattern that suggests the price is likely to continue moving downward after a brief consolidation or upward pullback.
It forms when there is a strong downward move (the flagpole), followed by a period of consolidation or slight upward movement (the flag). The flag typically slopes upward or moves sideways, and the consolidation occurs within two parallel trendlines, creating a rectangular or upward-sloping channel. This pattern shows that, despite the short-term pullback, the overall downtrend remains intact.
How to trade it?
Before entering a position, wait for the price to break below the upsloping trendline and establish a lower low. If the price doesn’t make a lower low, it could be a fake-out. Once a lower low is confirmed, look for an entry on the retracement. The target is typically the length of the flagpole projected downward for the breakout point.
Bearish pennant
A bearish pennant is a bearish continuation pattern that signals a potential continuation of a downtrend after a brief consolidation.
It forms when there is a strong downward move (the flagpole), followed by a period of consolidation where the price moves within converging trendlines, creating a small symmetrical triangle or pennant shape. The consolidation typically shows lower highs and higher lows, indicating that the price is taking a pause before continuing its downward movement.
How to trade it?
Before entering a position, wait for the price to break below the upsloping trendline and establish a lower low. If the price doesn’t make a lower low, it could be a fake-out. Once a lower low is confirmed, look for an entry on the retracement. The target is typically the length of the flagpole projected downward for the breakout point.
Descending triangle
A descending triangle is a bearish continuation pattern that typically forms during a downtrend, indicating that the price is likely to continue moving lower after a period of consolidation.
The pattern is characterized by a horizontal support line at the bottom, formed by a series of lows at approximately the same price level, and a descending resistance line at the top, formed by a series of lower highs. The price contracts between these two trendlines, creating a triangle shape with a downward-sloping upper boundary and a flat lower boundary.
How to trade it?
Before entering a position, wait for the price to break below the horizontal support level with strong volume. Once the breakout occurs, look for an entry on the retracement back to this area.
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Fall Down to $70 ApproachingWith the RSI above average since mid-April 2025, the trend has been steadily rising up to $82 per share even breaking the highs from late February and March.
Price projected onto both (A and B) Inside pitchforks is well above the median line. In the pitchfork A the price is even directly touching the upper parallel line.
Reversal near the highest achieved price this year on 21st February is probable
Based on these indications, we can expect a fall to around $70 somewhere in the middle of May.
Key details:
RSI over "overbought" level
Price in both Inside pitchforks near the upper parallel line
Longer uptrend = breakdown necessary
ONE/USDT - Harmoney - 4th Uptrend is just startingBINANCE:ONEUSDT (1W CHART) Technical Analysis Update
ONE is currently trading at $0.01121 and showing overall bullish sentiment
if we look at the past chart, we see ranging market for ONE from past 2 years, the price has hit the accumulation zone and reversing from the zone.
In the past 3 times we saw significant increase in price after hitting the support zone, and we expecting similar move this time.
Entry level: $ 0.01121
Stop Loss Level: $ 0.00765
TakeProfit 1: $ 0.01368
TakeProfit 2: $ 0.01855
TakeProfit 3: $ 0.02727
TakeProfit 4: $ 0.03795
TakeProfit 5: $ 0.05691
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto