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Descending

RENDER Descending Triangle 4HBINANCE:RENDERUSDT seems to be forming a descending triangle on the 4H timeframe. 3 clear touches on resistance, and well-defined two-tap horizontal support at $2.50. Key Levels to Watch 🔑 • $2.50-$2.75 Main support and daily demand zone • $3.80-$4.20 Daily sell order block (potential resistance) • $5.00-$5.20 4H sell order block (potential resistance) Breakout Targets 🎯 ⬆️ $5.00 ⬇️ $1.50 Still in a No-Trade Zone, wait for confirmation (breakout candle close with good volume).
by AliferCrypto
GRT/USDT - Descending Triangle Pattern - LONG TradeBINANCE:GRTUSDT (4H CHART) Technical Analysis Update GRT is currently trading at $0.3942 and showing overall bullish sentiment. Currently the price has formed a nice descending triangle. Price has successfully broken out from the descending triangle and now the price is retesting. This is a good opportunity for a long trade with decent RR. Entry level: $ 0.3972 (after retracement) Stop Loss Level: $ 0.3491 TakeProfit 1: $ 0.4211 TakeProfit 2: $ 0.451 TakeProfit 3: $ 0.4959 Max Leverage: 5-10x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
ADA - Breakout from the Triangle BINANCE:ADAUSDT (4H CHART) Technical Analysis Update ADA is currently trading at $0.5251 and showing overall bullish sentiment. ADA just broke out from descending triangle and showing overall bullish sentiment. If this trend continues, we can expect ADA to new highs soon. Entry level: $0.4980 - 0.5258 Stop loss level $0.4175 Target 1: $ 0.6160 Target 2: $ 0.7738 Target 3: $ 0.9873 Target 4: $1.202 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
FLOW - Descending Triangle BreakoutBINANCE:FLOWUSDT (4H CHART) Technical Analysis Update FLOW is currently trading at $0.806 and showing overall bullish sentiment. We can see a clear descending triangle breakout and price is moving nicely after the breakout. This is showing clear bullish momentum and we can expect the price to hit our targets easily. Entry level: $ 0.779 - 0.805 Stop loss level $ 0.697 Target 1: $ 0.850 Target 2: $ 0.881 Target 3: $ 0.969 Target 4: $1.036 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
RNDR - Breakout will yield a LONG signalBINANCE:RNDRUSDT (4H CHART) Technical Analysis Update RNDR is currently trading at $7.325 and currently its inside a descending the triangle, a breakout The price can break up or down of the descending triangle, we will enter the trade based on the direction of the breakout >> SHORT TRADE << Entry level: $7.787 Stop loss level: $ 6.998 Target 1: $ 8.198 Target 2: $ 8.624 Target 3: $ 9.159 Target 4: $ 10.400 >> LONG TRADE << Entry level: $ 6.838 Stop loss level: $ 7.590 Target 1: $ 6.548 Target 2: $ 6.305 Target 3: $ 6.062 Target 4: $ 5.689 Max Leverage: 3x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
R
by GreenCryptoTrades
BINANCE:UNFIUSDT - Why +150% profit is a reasonable target--------------------------------------------------------------- Description --------------------------------------------------------------- + As per the analysis i have added in the chart, UNFI just broke out from the descending triangle + This breakout is a nice indication of the bullish momentum + My next target is the resistance around 15$ --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 5.979 Stop Loss: 5.356 ------------------------------ Targets 1: 6.987 Targets 2: 8.486 Targets 3: 10.64 Targets 4: 15.04 ------------------------------ Timeframe: 1D Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
ULong
by VectorAlgo
1
+68% Profit Potential with Descending Triangle Breakout--------------------------------------------------------------- Description --------------------------------------------------------------- + BINANCE:REEFUSDT is just broke out from the descending triangle pattern + Descending triangle pattern is bullish and we are seeing clear breakout + Our Profit Target is next Resistance around 0.002556 --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.001513 Stop Loss: 0.001328 ------------------------------ Targets 1: 0.001651 Targets 2: 0.001822 Targets 3: 0.002117 Targets 4: 0.002556 ------------------------------ Timeframe: 1D Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
RLong
by VectorAlgo
BINANCE:CRV/USDT - Descending Triangle Breakout--------------------------------------------------------------- Description --------------------------------------------------------------- + A nice clean triangle formed for CRV and it's about to be broken + With the descending triangle we can expect the bearish trend to continue + CRV will continue to fall and i don't see any reversal happening anytime soon. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.4398 Stop Loss: 0.4731 ------------------------------ Targets 1: 0.4234 Targets 2: 0.4072 Targets 3:0.3829 Targets 4: 0.3516 ------------------------------ Timeframe: Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Note: Don't forget to keep the stop-loss. --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Short
by VectorAlgo
3
BULLISH ON THIS FTM TWO-YEAR APEXIn this chart of BINANCE:FTMUSDT , we saw an apex pattern and I would consider bullishness for this coin because of these factors: Triangle and its past. The specific pattern shown is a descending triangle from its prior uptrend movement from a daily and weekly timeframe, indicating a higher chance of a resistance breakout. Respecting the elderly. In terms of the seniority, the current resistance line is formed in January 2022 while the support is two years old and six months older. In my trading experience, the old will have the "firmness" and conviction. I also posted this on my past idea of this two-year support, true enough the market respected it. Take note, price rejection can happen, plot your support lines on an hourly perspective as possible. I would add more goodies in the comments down below. Always PLAN your trades and happy trading!
FLong
by Habadoo
4
DYDXUSDT wants a new breakout?DYDXUSDT had a breakout from a descending channel after bouncing off the 0.618 Fibonacci retracement level. Traders who follow Plancton's Rules may be waiting for a new breakout to occur before considering a new long position in the market. A breakout from the current level could indicate a continuation of the upward trend and could provide an opportunity for traders to enter a long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
19
FTMUSDT is testing the new breakout Currently, the price of FTMUSDT is attempting to break out of a descending channel after a clear retest of the 0.5 Fibonacci level. A descending channel is a technical pattern in which the price of an asset moves downwards between two parallel trend lines. The upper trend line acts as a resistance level, while the lower trend line acts as a support level. The descending channel is a bearish pattern that indicates that the price of the asset is in a downtrend. In the case of FTMUSDT, the descending channel is a long-term pattern that has been in place for several weeks. The upper trend line has acted as a strong resistance level, with the price repeatedly being rejected at this level. The lower trend line has acted as a support level, with the price bouncing off this level multiple times. After a clear retest of the 0.5 Fibonacci level, which is a key support level, the price of FTMUSDT is now attempting to break out of the descending channel. A breakout is a technical pattern in which the price of an asset moves above a resistance level, indicating that the bullish momentum has taken over the bearish momentum. If the price of FTMUSDT is able to break out of the descending channel and create a higher high, this would be a signal to apply Plancton's rules and consider taking a new long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
F
by InkyGrip
ATOMUSDT is testing the weekly descending channelATOMUSDT appears to have recently grabbed new liquidity from the monthly support on the $8.7 area, creating a breakout that led to profitable trades. Currently, the market is testing a weekly descending channel. This channel represents a period of downward price movement that is bounded by two parallel trendlines. We will be closely monitoring whether the price will be able to break above this channel, as this would suggest that the trend is reversing and that prices may continue to rise in the future. At this point, it's important to wait for a clear breakout above the weekly descending channel before entering a long position. It's also important to keep an eye on the volume, 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. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
11