ZECUSD Falling Wedge Trade Idea. Characteristics include: Falling Wedge, Narrowing Wedge, 2 Negative Slope Lines
Ethereum Classic ETCUSD Falling Wedge Trade Idea. Characteristics include: Broadening Wedge; Falling Wedge; 2 Negatively Slope Lines; 2 Downward Lines
here we are in another wedge. I believe we are going to the target zone in the 3200-3300. There is a possible retest of the 3700 resistance first before BEAR!
My previous wedge is still valid. Had a $80 fall and rise at the wedge closing. But overall, we are in a bigger wedge. We'll be going sideways for another day. Analysis is still that we're going down to 3200's, we might get a possible retrace to the last support around 3600, then crash down. Go get some sleep.
Updated analysis on current wedge. I had to broaden the wedge from yesterday. I believe we are looking at a crash to retest 3200's lows. We might get a possible bump up to retest previous resistance before downfall continues.
I"ve caught these 4 wedges over the past 3 weeks. I've noticed that whether ascending or descending doesn't matter in crypto, but you will definitely get big price movement at the tip. I buy in when the wedge is closing in and set a very tight stop loss. Then ride out the ridiculous price fluctuations.
View the Wedge Breakout. Wedge Breakouts allow a Trader to use a "small" stop loss. Due to its shape, wedge technical patterns offer high RMultiples.
LOOK FOR SHORT OPPORTUNITY AT 1.13584 FOR EURCHF.
Waited for break and close of candle. Entered after retest of the line. ---- Trade Journal Notes.
Expecting Wedge Break For NZDUSD on the H4 Chart.
EURCAD Wedge Pattern Retest of the Support Resistance Line. Enter at the retest of the support and resistance line. I just noticed a gap at price level 1.49848. Time 28 Sep 2018 and 01 Oct 2018 area. #Gap #SupportResistanceLine
Enter after retest of the support resistance line.
Great Fundamentals. Great Chart. Keeping a tight eye on this one.
Just playing with angles and potential trend lines. Nothing serious. I don't trade it and I made it only for fun/research purposes. It would be fun if it plays out ;-) Potential bottom according to this scheme is 5200-5350 on 2018-08-25 to 2018-09-04 and bounce back to 7400.