Descending Channel

How we define it

• Sloping lines: drawn through swing highs or lows with distinct touches (at least 3 candles apart) within about 0.4 ATR; no swing pokes through a line and no close is outside it before the break
• At least 3 distinct touches on each line; parallel (height ratio 0.8-1.25) and clearly falling
• Both lines tested in the last third; closes reach the top and bottom fifth at least twice each
• Minimum length: 2 months on 1D, 3 months on 1W, 10 days on 4H
• Breakout (up) / breakdown (down): the first candle close beyond the boundary by at least 3% on 1D and 1W (1.5% on 4H)
• Failed breaks: a breakout or breakdown that closes back inside the boundary within 6 candles on 4H, 5 on 1D or 3 on 1W is removed from the list
• Trend filter: breakouts only above the 200-period EMA (40-week EMA on 1W), breakdowns only below it
• Watchlist: the pattern is complete but unbroken and price is within 3% (or 1 ATR, at most 6%) of the boundary

Recent breakouts & breakdowns (13)

TOSHIToshi

1D

Falling channel · 5 touchesBreakoutConfirmedEarly cycle2d ago

$0.0001201+3.66%

✓ Clear✕ Not clear

CVXConvex Finance

1D

Falling channel · 5 touchesBreakoutConfirmedEarly cycle2d ago

$2.466-6.80%

✓ Clear✕ Not clear

TRATrabzonspor Fan Token

1D

Falling channel · 4 touchesBreakoutConfirmedEarly cycle2d ago

$0.2049+2.19%

✓ Clear✕ Not clear

LUMIALumia

4H

Falling channel · 3 touchesFakeout21h ago

$0.0686-22.51%

✓ Clear✕ Not clear

BDXBeldex

4H

Falling channel · 3 touchesBreakoutConfirmed13h ago

$0.0760+3.53%

✓ Clear✕ Not clear

PZPPlayZap

1W

Falling channel · 4 touchesBreakout11d ago

$0.006490-19.41%

✓ Clear✕ Not clear

OGNOrigin Token

1W

Falling channel · 3 touchesBreakout11d ago

$0.0294-1.11%

✓ Clear✕ Not clear

ADXheyAura

1W

Falling channel · 4 touchesBreakout11d ago

$0.0573-6.48%

✓ Clear✕ Not clear

P

PLUPluton

4H

Falling channel · 3 touchesFakeout25h ago

$0.1446-2.68%

✓ Clear✕ Not clear

CLOYei Finance

1D

Falling channel · 3 touchesBreakoutEarly cycle33h ago

$0.0501-14.63%

✓ Clear✕ Not clear

ZECZcash

1D

Falling channel · 3 touchesBreakoutConfirmed2d ago

$1,315.06+4.61%

✓ Clear✕ Not clear

LAVALava Network

4H

Desc. channel · 5 testsBreakdownConfirmed5d ago

$0.0117-4.10%

✓ Clear✕ Not clear

HELLOHELLO

4H

Falling channel · 3 touchesFakeout21h ago

$0.0009250-1.60%

✓ Clear✕ Not clear

12 on the watchlist

DOGDog (Bitcoin)

4H

Falling channel · 4 touchesNear breakout1.6% from breakout

$0.0009490+1.28%

✓ Clear✕ Not clear

PACTPACT

1D

Falling channel · 4 touchesNear breakout8.0% from breakout

$0.0001596-2.44%

✓ Clear✕ Not clear

ROCKROCK DAO

1H

Falling channel · 10 touchesNear breakout6.4% from breakout

$0.0002681+2.68%

✓ Clear✕ Not clear

PHNIXPHNIX

1D

Falling channel · 9 touchesNear breakout12.6% from breakout

$0.000009625-4.67%

✓ Clear✕ Not clear

SCTSuperCells

4H

Falling channel · undefined touchesNear breakout4.0% from breakout

$0.0003592-2.07%

✓ Clear✕ Not clear

EDENOpenEden

1D

Falling channel · 4 touchesNear breakout5.0% from breakout

$0.0559-8.40%

✓ Clear✕ Not clear

G3GAM3S.GG

1D

Falling channel · 4 touchesNear breakout2.6% from breakout

$0.0003573-3.69%

✓ Clear✕ Not clear

RIVERRiver

1D

Falling channel · 4 touchesNear breakout4.3% from breakout

$1.124+0.27%

✓ Clear✕ Not clear

ETHFIEther.fi

1D

Falling channel · 3 touchesNear breakout3.0% from breakout

$0.6629-8.27%

✓ Clear✕ Not clear

HAIHacken

1D

Falling channel · 3 touchesNear breakout4.8% from breakout

$0.001519-1.11%

✓ Clear✕ Not clear

BLESSBless

1D

Falling channel · 3 touchesNear breakout2.8% from breakout

$0.007600-7.32%

✓ Clear✕ Not clear

XTZTezos

1D

Falling channel · 3 touchesNear breakout6.8% from breakout

$0.3042-5.14%

✓ Clear✕ Not clear