Non technical indicators that might support this idea; - ETH gas prices continues to be unreasonably high and ETH 2.0 won't be rolled out until 2022 - Shiba Inu might be a sign of the market overheating (We all remember what happened the last time a memecoin entered the top 10...right?)
Gold is still trading in this wedge, tested bottom again and went up. This new 4h candle will show as where Gold is heading with this movement. If price breaks bottom, TP is 1780, but there is plenty of room to go lower. Not gonna lie I'm sick of this wedge. Good luck!
This is more of a lesson of rising wedge than a analyses if it go as planned (don't let the name decieve you! LOL) the starting point and TP are on the chart.
FINTEC ( a controversial stock in KLSE) hit previous Stop Lost @ 0.020. Price now seen like stalled at lower trend line (Cyan Dashed) of possible wedge pattern at RM0.015...Price may have deep pullback toward upper trend line (Red Dashed) of the wedge pattern at around RM0.215 a possible 975% gain...
SIlver prices are climbing higher and higher. Now silver moves within wedge pattern. Breakout to the upside should bring continuation of uptrend
LRC at crossroads currently . Watch for a break of currentline for a short position. However could find horizontal support at 0.52. That said I expect a punt toward new local highs of 0.65+ before opting for a short. Hope this helps you out.
Correction after a strong rally (RSI overbought) Forming a wedge pattern Breaking the bullish pattern should pay attention to the resistances at 1.38084 and 1.38250 Breaking the bearish pattern should pay attention to the supports at 1.3776 and 1.37613
Almost see it Bull flagging to set up for a falling wedge breakout. Good luck everybody!
Here's a quick Look at SHIB 30 min chart . As we can see, the price has been forming a falling wedge and we could see a break either way soon! Keep an eye on this falling wedge! The best entry would be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the...
I can also see an argument for a falling wedge here with a breakout that can help us lose that next zero!
WEEKLY CHART This is a classic falling wedge pattern! (I'm a little late to the party.) - Strong volume - Break above $107.10 (break above 50MA) should confirm a continuation of the bullish trend. - 50MA could create some resistance around $101-$103. I like Z $120 Call 1/21/22. I'm already in. (avg. $2.40)
The Rising Wedge broke bear through a H&S pattern. Price is holding, looking for it's Higher Low. With Tech earnings a mixed bag rotations into Russell after the wedge back test are on watch.
GGE is in a rising wedge pattern, no breakout to the downside yet, bit lowering volume Target = 50% Fib
BINANCE:BTCUSDT BTC just invalidated the head and shoulder pattern. The chart is now forming a better pattern in the form of a falling wedge. Will wait for further confirmation before putting up my trade. This may breakout or breakdown.
1 Hour EMA Ribbon on BTC/USD showing support/resistance on this recent price trend. Last time BTC was above the 1 hour ribbon, it failed to hold above it. Now, we are re-testing a critical price level. If BTC holds 60k and stays above the 1 hr EMA ribbon, odds are good of rallying back to top of the falling wedge target of 67k all time high. Neutral outlook until...
Hello everyone: Also eyeing USDCHF for bearish downside price action. We can see price formed into an ascending channel, correcting the price up. At the top, a Head and Shoulder pattern has formed, and reversed the price down, good indication of a bearish reversal price action. Latest development shows price broke out of the ascending channel, and formed a...
A falling wedge is formed by two converging trend lines when the stock’s prices have been falling for a certain period. Before the line converges the buyers come into the market and as the result, the decline in prices begins to lose its momentum. This results in the breaking of the prices from the upper trend line. As shown on the chart of #ADA, we have a...
EURUSD right now is at really crutual level. Blue line is previous support level on 1D TF But as you can see price right now has reached top of a daily falling wedge and top of 4h rising wedge which is also at fib level 0,786 Plus this 4h falling wedge is a corective wave (ABC). I see a possible way down from here to test bottom of daily wedge, but EURUSD...