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 (9)

TThreshold Network

1D

Falling channel · 3 touchesBreakout18h ago

$0.004693-20.63%

✓ Clear✕ Not clear

XRPXRP

1H

Falling channel · 3 touchesBreakout3h ago

$1.2971-0.23%

✓ Clear✕ Not clear

PONSPons

1H

Falling channel · 3 touchesBreakout3h ago

$0.2485+3.37%

✓ Clear✕ Not clear

CLANKERtokenbot

1D

Falling channel · 3 touchesBreakout42h ago

$13.70+6.95%

✓ Clear✕ Not clear

AKTAkash Network

4H

Falling channel · 3 touchesBreakout6h ago

$0.6898+6.12%

✓ Clear✕ Not clear

PENGUPudgy Penguins

1H

Falling channel · 4 touchesBreakout3h ago

$0.007584+1.38%

✓ Clear✕ Not clear

ICPInternet Computer

1H

Falling channel · 3 touchesBreakout3h ago

$2.632-0.23%

✓ Clear✕ Not clear

FIGHTFIGHT

1D

Falling channel · 3 touchesBreakout42h ago

$0.003610+8.41%

✓ Clear✕ Not clear

MINMinswap

4H

Desc. channel · 4 testsBreakdown3d ago

$0.003193+1.82%

✓ Clear✕ Not clear

16 on the watchlist

ACUAcurast

1D

Falling channel · 5 touchesNear breakout9.8% from breakout

$0.1118-3.62%

✓ Clear✕ Not clear

TPTUTPTU

4H

Falling channel · 7 touchesNear breakout0.3% from breakout

$0.0525+0.15%

✓ Clear✕ Not clear

ELELYSIA

4H

Falling channel · 4 touchesNear breakout1.5% from breakout

$0.001535+2.33%

✓ Clear✕ Not clear

PCIPaycoin

1D

Falling channel · 6 touchesNear breakout3.0% from breakout

$0.0377+3.62%

✓ Clear✕ Not clear

PCIPaycoin

4H

Falling channel · 5 touchesNear breakout2.4% from breakout

$0.0377+3.62%

✓ Clear✕ Not clear

DNDeepNode

1D

Falling channel · 5 touchesNear breakout6.4% from breakout

$0.0125+40.67%

✓ Clear✕ Not clear

WENWen

4H

Falling channel · 3 touchesNear breakout2.7% from breakout

$0.000006223+9.91%

✓ Clear✕ Not clear

POPCATPopcat

4H

Falling channel · 3 touchesNear breakout1.0% from breakout

$0.0438+3.55%

✓ Clear✕ Not clear

CVXConvex Finance

4H

Falling channel · 3 touchesNear breakout1.0% from breakout

$2.486+2.56%

✓ Clear✕ Not clear

BLESSBless

1D

Falling channel · 4 touchesNear breakout2.5% from breakout

$0.008336+1.10%

✓ Clear✕ Not clear

INJInjective

4H

Falling channel · 3 touchesNear breakout2.4% from breakout

$7.938+3.00%

✓ Clear✕ Not clear

NUMNumbers Protocol

1W

Falling channel · 3 touchesNear breakout21.9% from breakout

$0.003069+3.09%

✓ Clear✕ Not clear

HAIHacken

4H

Falling channel · 3 touchesNear breakout0.3% from breakout

$0.001518+1.07%

✓ Clear✕ Not clear

PIPPINpippin

4H

Falling channel · undefined touchesNear breakout1.7% from breakout

$0.0157+1.65%

✓ Clear✕ Not clear

BLZBluzelle

4H

Falling channel · 3 touchesNear breakout0.6% from breakout

$0.008880+2.30%

✓ Clear✕ Not clear

CHEEMSCheems Token

4H

Falling channel · undefined touchesNear breakout1.8% from breakout

$4.515e-7+0.24%

✓ Clear✕ Not clear