BINANCE:BTCUSD reaches a strong $71500 liquidity zone as strong ETH-ETF related news is released. A trap from the market maker catches the crowd off guard and now the market is ready to move on Toretically, the correction wave ends after the false breakdown of resistance and liquidity zone 71500. Bulls successfully hold the defense above the support 67241....
BINANCE:ETHUSD breaks the resistance of consolidation pattern amid the news related to the approval of ETH-ETF. The reaction was premature, on rumors, and now the market is consolidating. Many wondered why there was not a strong surge and rally after the news. Reason: The rise from 3100 to 3850, almost 24% in a few hours, which followed due to the rumors about...
Based on the chart analysis, the rising wedge pattern signals a likely bearish correction in the short term, with the price potentially testing the 0.618 Fibonacci retracement level around $518.36 as a key support. However, the Elliott Wave projection suggests a bullish reversal toward point (C) if support holds, indicating a medium-term upward move. Traders...
BINANCE:WIFUSDT shows quite interesting preconditions for a possible rally. The coin breaks the consolidation resistance and at the same time looks stronger than the market. The coin has been in the consolidation stage for two months. Now the price is breaking the triangle resistance and consolidating above 3.256, which generally determines the medium-term...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it reached resistance line and then bounced down to support line. Price broke $63000 support level, which coincided with support area, but soon BTC made upward impulse. Thereby price broke support level again and...
On the above 5-day chart price action has corrected 98%. A number of reasons now exist to be long. They include: 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence over a extended period. 3) The falling wedge breakout with target as measured from high to low touch points (blue circles). 4) A few other reasons, especially on the higher...
OANDA:NZDUSD breaks the bearish trend in early May and confirms the fact that bulls appear on the market. The fundamental background is positive and growth can be considered in the long term. Earlier the price tested a strong descending resistance by a false breakdown. There was no proper reaction in the form of a change of trend or a strong fall....
price making rising wedge chart pattern on daily chart
BTC/USD on the Daily BTC is moving inside a rising wedge with a support that goes back to October of 2023. Rising wedges have a bearish bias. If the rising support fails to hold, the 50/100 SMA area will likely get a test, and possible the 200 SMA, both of which coincide with major order blocks. First order block lines up with the .236 fib retracement...
It sounds impossible, but take a look! As CRYPTOCAP:TOTAL crypto marketcap is inside a multiyear wedge, it will likely continue this trend for next months as we are testing the support If you take a look at the RSI on the panel bellow, another trend is forming and will likely hit the resistence before end of year (big purple arrow), with more then 230%...
Gold's current Falling Wedge Reversal pattern presents an excellent opportunity for traders to capitalize on a potential upward movement. By waiting for a confirmed breakout above 2334 , or alternatively entering at the support level of 2320 , traders can strategically position themselves for potential gains. Ensuring a stop loss at 2316 will help manage risk...
With the rejection of $21, NYSE:PLTR looks set to fall to new lows. I think it's likely that we're going to sweep the lows at $8 and keep falling from there to a final target of $1-2. This will likely take place at some point in the back half of 2024 and should present a great buying opportunity once it gets down to those levels. Let's see what happens over...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the support level and made an upward movement, after which turned around and started to decline inside the downward channel. In the channel, the price declined to the 1.0805 support level, which coincided with the support area, and soon broke...
Near Protocol: Bullish Breakout or Bearish Signal? A Potential 37% Downturn Near Protocol (NEAR) has been a beacon of relative stability in the volatile cryptocurrency market of 2024. While other altcoins have plunged, NEAR has managed to hold its ground. However, a recent price movement has some analysts sounding the alarm, suggesting a potential 37% crash on...
LSE:ORCA has broken out of it's downtrend and has now retested the falling wedge as support which leads me to believe a big move higher is coming in the near future. I could see the move taking us up to the $4 or $5 resistance before consolidating and having one last leg lower. Should be a good trade though. I've entered at $2.37. Let's see how it plays out.
Looking at a possible Elliott Triangle Wave 4, with key supports at 67125.40 and 66317.75. Price needs to stay above 65541.11 for impulse wave off 56547.64 to remain intact. Key resistance at 70623.35, 71939.10, 72756.63, and ATH 73757.39.
Ascending Broadening Wedge Deciding to show a simple pattern easily missed if not looking @ the 15M chart that if confirmed can lead to break out… WHY? 1) I’m tired of horrible traders commenting that you’re a noob in trading if you’re looking at the 5-15M time frames of a chart 2) uneducated “traders” who always say small time frames never play out… they...
3.2 billion in cash generated on the quarter and 7% revenue growth. Net income was low but only due to unrealized write downs year over year on their investments. I think this will rebound at $76.96 by Monday. This new support was resistance from January 2023- May 2024. Hopefully this can run to $105.42!