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...
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....
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago entered to upward wedge, where it at once rebounded from the support line and rose to the support level, which coincided with the buyer zone and broke it. After this BTC some time traded near the 66700 level and then fell to the buyer zone,...
The ICPUSDT pair has shown promising signs of emerging from a possible downward trend, with the price encountering a substantial resistance zone around the $15.40 level. A modest pullback is anticipated at this point, which is likely to precede a bullish momentum. We have identified the retracement target, which is where we aim to re-enter the market....
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...
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....
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...
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.
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%...
price making rising wedge chart pattern on daily chart
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...
The JSE Top40 powered above 2 key resistance lines but it quickly reversed course, we call this a false breakout (FBO), such failures usually move violently to the lower side. On the weekly perspective, the share is in week 31 so we are likely going lower than the lower pink support. After the pink support fails, we turn can see the green arrow was lower than the...
Airbnb carries a potential profit of more than 21% unless it closes below $140 per week. Since my usual bottom finder indicator is currently giving a buy signal, I can open a long targeting $176 with a stop at $140. But in the long term a rising wedge pattern is forming.
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!
A 3X on a stock index is massive,. Because what that major move individual companies will be 10Xing and more. So knowing the major trend is crucial As it keeps you in the game when u maybe wanting to convert into Fiat (we also need to chart in USD. BTC, OIL, GOLD and housing as venezuelan stock returns are useless if we can just hold one of these other...
If CRYPTOCAP:SOL momentum continues, we may be open air to .06 sooner than later
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...