Published trade ideas
The descending triangle is most often found in a falling market. There are cases when such a model may appear in the growing market, but then we are talking about a very powerful signal for a turn and further price drop. The figure of the descending triangle, regardless or appearance, indicates a future price decline.
Falling wedge reversal pattern of technical analysis, which manifests itself in a descending wave-like motion, the amplitude of which decreases. A falling wedge is formed at the points of tangency to two straight lines that form an angle looking right downwards. The imaginary angle is the descending wedge. It is important to answer that to each straight the price should touch at least twice. Exit from the falling wedge will help to test the resistance level on fibbonachi 78.6 All moving averages for long periods on sale MACD ready to start rising Waiting for the fall of the golem in the buy zone
The ripple is a bearish pennant Realization of this figure can lead prices to support at the level of 0.30 4-hour stochastic is in the overbought zone and is ready to decline All moving averages over long periods signal the sale The probability of a breakdown is higher, judging from the data from the chop zone indicators and the keltner channel. The previous similar triangle formed on August 7 after a breakdown resulted in a significant decrease to current levels
LTC/BTC Moving in the downlink twice bounced off the resistance line of the channel and twice rebounded from the support line The cycle of falling LTCBTC is not finished, there is much to fall, all technical indicators for long periods on sale On the daily chart, you can consider a bearish flag that will help lower the price to the global support line https://www.tradingview.com/x/OmQxj0xs/ LTC/BTC Short Sell: 0.0098 - 0.0099 Stop: 0.0104 Targets: 0.0095 - 0.0090