A descending triangle is a technical analysis chart pattern used in trading and investing. It's a bearish continuation pattern that forms when: 1. A price consolidates within a triangle, with 2. A falling upper trendline (resistance) and 3. A flat lower trendline (support). The descending triangle indicates a breakdown below the support level, suggesting a...
As you can see so far bitcoin has been bullish since 2023 after a bullish move comes a bearish move in today's analysis we can see a double top and price just break below the support making the double top a valid signal, Bears are a control once again. A break of that support send BTC to a downtrend movement
A symmetrical triangle is a technical analysis chart pattern formed by two converging trend lines, one ascending and the other descending, which connect a series of higher lows and lower highs respectively. This pattern indicates a period of consolidation before a potential breakout. When a symmetrical triangle forms below an upward trend, it can be considered a...
A symmetrical triangle is a technical analysis chart pattern formed by two converging trend lines, one ascending and the other descending, which connect a series of higher lows and lower highs respectively. This pattern indicates a period of consolidation before a potential breakout. When a symmetrical triangle forms below an upward trend, it can be considered a...
A descending triangle is a bearish chart pattern used in technical analysis to predict a potential downward price movement. It's formed by drawing two converging trend lines: 1. A descending resistance line (upper line) 2. A horizontal or slightly sloping support line (lower line) The pattern appears as a triangle, with the price action contracting and...
A channel breakout is a trading concept in technical analysis where a security's price breaks out above or below a established trading channel, indicating a potential new trend or direction. A trading channel is formed by drawing two parallel lines, one representing support and the other resistance, which contain the price action over a specific period. The...
A falling wedge is a technical analysis chart pattern used in financial markets,It's a reversal/continuation pattern that forms when a security's price is falling, indicating a potential trend reversal. A falling wedge consists of two converging trend lines, with the upper trend line sloping downward and the lower trend line sloping upward. The pattern forms...
This is a chat pattern is called a descending triangle which has a support and once the price breaks the support is signify a Bearish movement in price as you can see on the chart price just break the support which makes the the bears in control of the market at this point in time so we look forward to the next support which slightly might hold. You never can...
A symmetric triangle is a chart pattern formed by two converging trendlines, where both the upper and lower trendlines slope in towards each other. This pattern signifies a period of consolidation in the market, where buyers and sellers are indecisive about the future direction of the price. As the price oscillates between these trendlines, the trading range...
This is a double bottom on a monthly time frame I would rather prefer looking at it in a line chart but for viewers who loves to view in candlesticks this is for you. A double bottom formed in a downtrend is normally used to describe as a reversal pattern especially when is in a big picture monthly time frame. A break from the neckline sent it above indicating a...
This is a descending triangle on a Higher TimeFrame . I love chat pattern they are always great and they show end of a trend or a trend continuation.Chat patterns are always a good signal in the market will be looking at the Descending Triangle in a triangular form and it broke above the TrendLine shows that the Bears and no longer in control of the market...
Hey guys!!! If you have been looking forward to join the bull run you'll be thinking what kind of coin should I get this is the right coin with the inverted head and shoulder change in reversal pattern formation, giving a signal that the bearish move has come to an end inverted head and shoulder is a chat pattern that indicates a change of direction of a trend.
A falling wedge. Price continuation of a bull market. Falling wedge is a CHART PATTERN formation that can be traded as a trendline breakout where the candlestick break above the down trendline, which it just did on H4 timeframe. Which lead to a bias that the bulls are getting control of the martket. BTC
A descending triangle pattern. I look mostly for pattern formation which shows the direction of the next move price is heading. We can see in the chart how price has been on a bearish move, which leads in the formation of a triangle, also triangle make a Downward trend, when we connects the peaks, we get a trendline. The trendlines has made different touches and...
Price just make a chart pattern formation. Based on how price chart pattern works the candlestick will have to close above or below the trendline to identify where next price is going in the scenarios price break above the down trendline line giving a signal that price is about to be bullish.
Price making a falling wedge and breaking out of the trendline before the fed decision on Wednesday.... if it's positive for BTC the it's positive for STACK, the buy will continue. But we will have to wait for a retest to go long for some of us who are late.
The eliot's wave count on the usd/jpy. The dollar has been so strong since the start of democratic president and has been moving on a wave count. We have 5 waves count which is shown on the chart. The USD is now moving from the 4th wave heading to the 5th wave to complete Ralph Eliot's wave count.