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Bearish Patterns

A Case Study #3: USDT to 2.5% Morning my friends, This will be the final Case Study, and this time I bring a chart that I keep on adding things to. You should go back a few months on my posts and look for this exact chart before a lot happened: Check it out above! I added a picture above and I wonder if it'll look good and pop out here. Anyway my friends, It looks like we could be working on either a bear pennant or a bear flag and the drop would be below the 3%, initiating alt season, bringing ETH above $10k, and BTC near the 100k. Lets see! Trade thirsty! P.S. Obviously, to LONG USDT here doesn't make sense. I put long meaning LONG coins and not USDT cause I believe it will drop! But you already knew that right?!
CRYPTOCAP:USDT.DLong
by mr_willmedina
LINK Looks Short Term Bearish!!!After breaking the previous weeks lows, the chances of us tapping the support again before a move up has increased. Yellow arrows mark my areas of interest for a short & a long trade. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
400 Pips in a Week! Discover the Secret Behind Trading Strategy!Technical Breakdown Ascending Channel Formation: The price has been moving within an ascending channel, indicating a bullish trend. The upper and lower boundaries of the channel have provided resistance and support, respectively. Support/Resistance Level: A key horizontal level around 2,430 has acted as both support and resistance. This level was tested multiple times, showing its significance in the price action. Bear Flags: Two bear flags are identified, one on the 15-minute chart and another on the 30-minute chart. Bear flags typically indicate continuation patterns in a downtrend, suggesting further bearish movement. Higher High (HH) and Lower High (LH): The chart shows a higher high (HH) followed by a lower high (LH), indicating a potential shift from a bullish to a bearish trend. Price Target (TP): The TP is marked at 2,348, suggesting a potential downside target based on the current technical setup.
OANDA:XAUUSD
by Adlercon333
2
DOGECOIN 10% Dump or 39% Pump!?!Since we broke the support and have not managed to climb back above, a 10% move to the downside is more probable. If we flip the resistance back to support and hold the level, the target will be $0.18, 39% to the upside. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
Bitcoin Long/Short-Term or Holding AreaMy daily setup My trading strategy is to look for opportunities to enter and exit trades based on these levels on a daily basis. It's important to monitor the market closely for any changes in the key levels of support and resistance to get a good exit or entry. I use technical indicators, such as moving averages, order block and volume price to identify trends and potential entry and exit points. If the price approaches the short-term resistance level at 28897.0 (Max) and the moving average indicates a potential reversal, i consider taking a short position with a target exit at the support level at 27190.2 (Max). Conversely, if the price approaches the support level at 27190.2 and the moving average indicates a potential rebound, we may consider taking a long position with a target exit at the resistance level at 28480.0
by Fadlyyyyy
Missed the XAUUSD Move? Here’s What You Overlooked!1. Daily Trendline Description: The yellow trendline running across the chart represents the overall upward trend on the daily timeframe. It shows that despite the recent fluctuations, the long-term trend has been bullish. Significance: This trendline serves as a dynamic support level. Traders often look for price action around this trendline to gauge the strength of the ongoing trend. A break below this trendline could signal a potential reversal or a stronger bearish movement. 2. Ascending Channel Larger Ascending Channel: Description: This channel is characterized by two parallel lines (yellow) sloping upwards. The price has been moving within this channel for a considerable period. Significance: The upper boundary acts as resistance, while the lower boundary serves as support. The price breaking below the lower boundary can indicate the end of the bullish trend and the beginning of a bearish trend. Smaller Ascending Channel: Description: A smaller channel within the larger context, indicating a shorter-term upward movement. Significance: The break below this smaller channel, as shown on the chart, signifies a potential reversal or correction within the larger trend. 3. Support/Resistance Description: Horizontal lines marked as support and resistance represent key price levels where the price has historically faced buying or selling pressure. Significance: These levels are crucial for identifying potential entry and exit points. The support level acts as a floor where buying interest is strong enough to prevent the price from falling further. Conversely, the resistance level acts as a ceiling where selling interest prevents the price from rising further. 4. Higher High (HH) and Lower High (LH) HH (Higher High): Description: A peak higher than the previous peak, indicating the continuation of an uptrend. Significance: The formation of a higher high typically signals bullish momentum. However, in this case, the subsequent failure to maintain this level and the formation of a lower high (LH) suggests weakening bullish strength. LH (Lower High): Description: A peak lower than the previous peak, indicating potential trend reversal. Significance: The lower high after a higher high is a bearish signal, suggesting that buyers are losing control and sellers are gaining strength. 5. 15M/5M Bear Flag Entry Description: A bear flag pattern on the 15-minute and 5-minute timeframes is highlighted. This pattern consists of a sharp decline followed by a short consolidation in the form of an upward-sloping channel (flag). Significance: The bear flag is a continuation pattern, indicating that after a brief consolidation, the price is likely to continue its downward movement. The breakout from this flag pattern provides a potential entry point for short positions. 6. Target Profit Levels (TP 1 and Daily LQZ/TP 2) TP 1 (2,347.560): Description: The first target profit level is set at 2,347.560. Significance: This level is likely determined based on historical support levels or a measured move from the recent price action. Traders might look to take partial profits or exit their positions at this level. Daily LQZ/TP 2 (2,265.195): Description: The second target profit level is set at 2,265.195, which aligns with the daily liquidity zone. Significance: This is a more ambitious target, potentially indicating a stronger bearish move. The liquidity zone suggests an area with significant trading volume, which could act as a magnet for the price. Conclusion The chart presents a comprehensive analysis of the XAUUSD (Gold Spot) with multiple technical indicators suggesting a potential bearish outlook. The breakdown from the ascending channels, the formation of a lower high, and the bear flag pattern all point towards a continuation of the downward trend. The identified support and resistance levels, along with the target profit zones, provide clear benchmarks for managing trades.
OANDA:XAUUSD
by Adlercon333
EUR/USD Ready To "Head" Out The Bottom Door?! - EUHere I have EUR/USD on the 4Hr Chart! Price has had quite a bit of trouble dealing with this Resistance Zone @ ( 1.09047 - 1.08841 ) Upon its attempts to Break above all last week Higher and Higher, these attempts failed and on the RSI, registered as Lower and Lower Highs, signaling the Bullishness is FADING! The Last High @ 1.0948 was followed by a decline down to the clearly tested Support @ 1.08755 Now, Price is struggling with the same Resistance Zone as last week, ONTOP of dealing with a Falling Resistance created by the Highs made on the 17th & 18th. If price is unable to go any higher and gives us a Lower Low in the ( 1.0910 - 1.092 ) Area, we could expect to see quite a STRONG REVERSAL chart pattern approaching .. THE HEAD AND SHOULDERS! *If Price Breaks and Closes above 1.09223, pattern INVALIDATED! *If Price Breaks and Closes below 1.08755, pattern CONFIRMED!
Short
by Novi_Fibonacci