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 (6)

RDNTRadiant Capital

4H

Falling channel · 4 touchesBreakout10h ago

$0.0005130+2.60%

✓ Clear✕ Not clear

VERONAVerona

4H

Falling channel · 3 touchesBreakout2h ago

$0.1053+2.40%

✓ Clear✕ Not clear

OGNOrigin Token

1W

Falling channel · 3 touchesBreakout14d ago

$0.0265-2.93%

✓ Clear✕ Not clear

ADXheyAura

1W

Falling channel · 4 touchesBreakout14d ago

$0.0545-1.99%

✓ Clear✕ Not clear

MINMinswap

4H

Desc. channel · 4 testsBreakdown46h ago

$0.003133-2.25%

✓ Clear✕ Not clear

CSPRCasper Network

4H

Falling channel · 3 touchesBreakout22h ago

$0.002161-0.46%

✓ Clear✕ Not clear

11 on the watchlist

ACUAcurast

1D

Falling channel · 5 touchesNear breakout7.9% from breakout

$0.1188+3.76%

✓ Clear✕ Not clear

GASGas

4H

Falling channel · 4 touchesNear breakout2.7% from breakout

$1.2195+3.82%

✓ Clear✕ Not clear

TTThunderCore

4H

Falling channel · 5 touchesNear breakout3.0% from breakout

$0.00009200+8.24%

✓ Clear✕ Not clear

MCOINMCOIN

4H

Falling channel · 4 touchesNear breakout0.5% from breakout

$0.0338+0.45%

✓ Clear✕ Not clear

MOCAMoca Network

1D

Falling channel · 3 touchesNear breakout4.4% from breakout

$0.008815-4.22%

✓ Clear✕ Not clear

SCRTSecret

4H

Falling channel · 4 touchesNear breakout0.9% from breakout

$0.006970+3.41%

✓ Clear✕ Not clear

MXNAMachina

4H

Falling channel · 3 touchesNear breakout0.4% from breakout

$0.005004-0.64%

✓ Clear✕ Not clear

DUSKDUSK

4H

Falling channel · 4 touchesNear breakout2.5% from breakout

$0.1136+3.60%

✓ Clear✕ Not clear

SOMISomnia

4H

Falling channel · undefined touchesNear breakout1.4% from breakout

$0.1763+1.56%

✓ Clear✕ Not clear

BCHBitcoin Cash

4H

Falling channel · 3 touchesNear breakout1.9% from breakout

$280.00+1.86%

✓ Clear✕ Not clear

NEXONEXO

4H

Desc. channel · 7 testsNear breakdown4.0% from breakdown

$0.8085+0.87%

✓ Clear✕ Not clear