Downloading...
Download

Downtrendchannelbreak

BTC Analysis: Downtrend Channel, Sharp Dip DROP Potential The price is currently trading within a descending channel. A strong weekly resistance level lies ahead. Increasing volume suggests buyers are waiting for lower prices to enter. A sharp drop in price is a possible scenario. Elaboration: The current market situation presents a bearish outlook with the price confined within a descending channel. This pattern indicates a downward trend, suggesting that sellers are in control. Moreover, the presence of a strong weekly resistance level ahead further reinforces the bearish sentiment. This resistance level acts as a barrier that the price has struggled to surpass in the past. Interestingly, despite the bearish trend, there is an increase in trading volume. This could be interpreted in two ways: Buyers' Accumulation: Buyers might be accumulating positions at lower prices, anticipating a potential reversal in the trend. Increased Selling Pressure: The rising volume could also indicate increased selling pressure, pushing the price further down. Given these factors, the possibility of a sharp downward movement, or a "sharp dip," cannot be ruled out. This sudden price drop could occur as buyers exhaust their strength and sellers regain control. Considerations: Market Sentiment: Pay close attention to overall market sentiment and news events that could influence price direction. Technical Indicators: Utilize technical indicators like RSI and MACD to identify potential trend reversals or continuations. Risk Management: Employ sound risk management strategies, including setting stop-loss orders and positioning sizing appropriately. This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading. IF DROPS: pay attention to the SELL trigger line and the first target might be the bottom of the channel. it will be also the breaking of the accumulation zone too which means strong momentum is needed in the market. IF RISES: pay attention to the BUY trigger and break out of the channel too and it could still the force of the weekly resistance and nearing the HALVING time too.
INDEX:SATSUSDShort
by solinash1
Crude oil 4H Symetrical triangle, breakout of a down channelOn this 4H chart for Crude oil you can notice that the price has been moving in a very obvious down trend channel for a while. Recently the price broke out of it and started consolidating above the down tren resistance ( now a support ). In the proces the price formed a symetrical triangle. It is important to observe this triangle in the following hours as it can provide a breakout. Usually, when having a symetriacal triangle, it's better for the pattern to break in the direction of the movement that lead into it. If you observe the first green line, you will notice that this was an increase. If the pattern produces a Buy entry, this will also align with the breakout from this down trend channel. If the price starts increasing, it can encounter the first resistance around 75.80 - 76, this is the current major high point. If the price manages to surpass it, this will create a new bullish market structure and it can set the for a new bullish trend. The price can also correct from it. If it does, it can retrace to around 73 - 74 before getting the chance to bounce to the up side again. The development in the following days will be important not only for this setup, but possibly for the next 2 - 3 weeks. If the price breaks above the 76, the new bullish market structure can send it on an up trend. If the price breaks bellow the triangle and it goes back in the channel, then it can continue on a down trend.
TVC:USOILLong
by RTED_Investing
BTC/USDT Short-Term 1H Hello everyone, let's take a look at the BTC to USDT chart for one hour. As you can see, the price remains on the upward trend line, and locally moves in the downward trend channel. When we unfold the Trend Based Fib Extension grid, we see that the price remained at support at $37,439, while we still have a strong support zone from $37,148 to $36,781. Looking the other way, we have visible resistance at $38,125, and then we have a very strong resistance zone from $38,335 to $38,546. The RSI indicator shows that we are in recovery with room for price declines, while the STOCH indicator shows that the energy for increases is quickly running out, which may drag the price lower.
by cryptodailyuk
SOL/USDT 4HInterval ReviewHello everyone, I invite you to review the SOL chart in the USDT pair, like the predecessors, on a four-hour interval. First, we will use the blue lines to mark the downward trend channel from which the price went up. Moving further after unfolding the Fib Retracement grid, we can mark a strong support zone in which, despite the increase, the price still remains from $20.22 to $16.98, but when we break out of it at the bottom, we can see the price drop to the area of strong support at 12.86 $. Looking the other way, we see that the price on its upward path has an important zone from $23.04 to $24.78, then we have a second zone from $26.56 to $29.03, and then a strong resistance at the level of 32.20 $. The CHOP index indicates that most of the energy was used in the upward movement, while the RSI and STOCH indicators confirm the exhaustion of energy in the movement, which allows for a current recovery and gathering energy for a new movement.
by cryptodailyuk
1
BTC/USDT 4H Review ChartHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving in the downtrend channel. Today we could see a strong downward movement in the price and in this situation the price fell below the strong support and now we have support at $26894 and then we have strong support at $25547. Now let's go from the resistance line, as you can see the first resistance is $29190, if you manage to break it the next resistance will be $30197 and then we have a resistance zone from $31046 to $31894. When we look at the CHOP index and the RSI and STOCH indicators, we can see that in the four-hour interval, the energy on each indicator was heavily depleted.
by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in tandem with USDT on a four-hour interval. As we can see, the price has broken out of the local downtrend channel which we have marked with blue lines and is struggling to hold the price. Let's start by marking the support spots for the price and we see that we first have support at $6.06 just as we return to the descending channel, but if the price goes lower, we have another support at $5.92, then at $5.81. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price has now bounced off a strong resistance at $6.27, then we have a resistance at $6.35, a third resistance at $6.42, and then a fourth resistance at $6.48. The CHOP index indicates that there is some energy left for the next move, the MACD confirms the ongoing local uptrend, while the RSI has reached the upper part of the range after a nice price increase and now we have a healthy correction.
by cryptodailyuk
📉 Downtrend ID Cheatsheet *UPDATED*What Is a Downtrend? A downtrend is a gradual reduction in the price or value of a stock or commodity, or the activity of a financial market. A downtrend can be contrasted with an uptrend. Downtrends are characterized by lower peaks and troughs and mimic changes in the perception of investors. A downtrend is fueled by a change in the supply of stocks investors want to sell compared with the demand for the stock by investors who want to buy. Downtrends are responses to changes that surround the security, whether macroeconomic or those associated with a company's business activity. 🔹Understanding and Identifying Downtrends As much as it is important to look out for uptrends when trading, it is equally important to understand and identify downtrends. A trader may potentially save money if they decide to sell off a declining stock. If many traders decide to sell a stock at the same time, it will result in a sharp decline in the stock price. The stock market is sentiment-driven, and fear of a further decline may result in even further selloffs of a stock. Some traders that frequently day trade may decide to implement stop-loss orders to protect themselves against a downtrend. A stop-loss order placed with a broker helps a trader sell once the price of the security reaches a certain price. Downtrends can vary from a gradual continuation to a sharp decline. A sharp decline may occur as a result of news-related topics, such as a poor quarterly earnings report or loss of a lawsuit. A downtrend can be identified and understood through various forms of technical analysis. One simple area of technical analysis is the use of trendlines. Trendlines connect a series of high or low points. The reversal of a declining trendline signals an uptrend. Another simple area of technical analysis is the moving average technical indicator. The moving average takes the mean of prices over a period in the past. If the price of a stock tends to stay below the moving average, it signals that the price is on a downtrend. 🔹Trading on a Downtrend Many traders look to profit from sell offs of a stock. While many traders will sell, taking the view that a price will decrease further in the future, some traders take the opposite view of hoping for a price increase. Downtrends may also lead to attractive valuation and present new opportunities for traders to purchase shares of stock. In another sense, downtrends allow traders to make money by short-selling stocks. In order to short a stock, a trader borrows shares and immediately sells them, in hopes that the price will fall. If the price of the stock goes down, then the individual will repurchase the shares back at the lower price and return the borrowed shares. The difference between the old price and the new price is the profit that a short-selling trader holds. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
9
📉 Downtrend Identification CheatsheetWhat Is a Downtrend? A downtrend is a gradual reduction in the price or value of a stock or commodity, or the activity of a financial market. A downtrend can be contrasted with an uptrend. Downtrends are characterized by lower peaks and troughs and mimic changes in the perception of investors. A downtrend is fueled by a change in the supply of stocks investors want to sell compared with the demand for the stock by investors who want to buy. Downtrends are responses to changes that surround the security, whether macroeconomic or those associated with a company's business activity. 🔹Understanding and Identifying Downtrends As much as it is important to look out for uptrends when trading, it is equally important to understand and identify downtrends. A trader may potentially save money if they decide to sell off a declining stock. If many traders decide to sell a stock at the same time, it will result in a sharp decline in the stock price. The stock market is sentiment-driven, and fear of a further decline may result in even further selloffs of a stock. Some traders that frequently day trade may decide to implement stop-loss orders to protect themselves against a downtrend. A stop-loss order placed with a broker helps a trader sell once the price of the security reaches a certain price. Downtrends can vary from a gradual continuation to a sharp decline. A sharp decline may occur as a result of news-related topics, such as a poor quarterly earnings report or loss of a lawsuit. A downtrend can be identified and understood through various forms of technical analysis. One simple area of technical analysis is the use of trendlines. Trendlines connect a series of high or low points. The reversal of a declining trendline signals an uptrend. Another simple area of technical analysis is the moving average technical indicator. The moving average takes the mean of prices over a period in the past. If the price of a stock tends to stay below the moving average, it signals that the price is on a downtrend. 🔹Trading on a Downtrend Many traders look to profit from sell offs of a stock. While many traders will sell, taking the view that a price will decrease further in the future, some traders take the opposite view of hoping for a price increase. Downtrends may also lead to attractive valuation and present new opportunities for traders to purchase shares of stock. In another sense, downtrends allow traders to make money by short-selling stocks. In order to short a stock, a trader borrows shares and immediately sells them, in hopes that the price will fall. If the price of the stock goes down, then the individual will repurchase the shares back at the lower price and return the borrowed shares. The difference between the old price and the new price is the profit that a short-selling trader holds. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4
$CPNG FINALLY BREAKS-OUT of the Downtrending ChannelNYSE:CPNG All of the positive indicators are combining for this underestimated stock: 1. The stock price candle of Feb 28 breaks out of the downtrending channel by more than 3% for the first time since Jul 2021. 2. Moving average of 7 days is just about to cross above the MA of 20 days 3. Volume increase as the price increases “MOMENTUM” 4. Clear Cup and Handle chart pattern is formed indicating a technical price target of $30 5. MACD cross up to the positive side above zero line. ** Technical Analysis CPNG next price target is 30.05 in the short period of time** Hopefully the actual Q4 earnings meets or even beats its consensus earnings estimate, which could positively impact the price of the stock in the short term.
NYSE:CPNGLong
by awrrfe6gby
2