If Bitcoin is unable to get above the bottom of this long-term rising wedge, the top may be in when it fails to reclaim it upon re-test. It could still go as high as 85-106k, or even higher the longer it takes to reach wedge bottom. Given this turns out to be true, when this top is finally in we may see the deepest and longest correction in Bitcoin's history,...
In case of bearish breakout of a rising wedge pattern base on technical analysis text book, we could expect more bearish move in price. Also we can see in the last bullish move price formed a bearish divergence. Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move. If you've found this...
PVRINOX is around the long term support !! Long term support is working from 2008 and now around the support Long term support is around 1150-1240 In a weekly timeframe Stock is making falling channel Falling channel support is also coming around 1180-1240 We have confirmed these levels from 2 charts So Probability is higher that prices may bounce from...
The US500 index has been rising within a rising wedge pattern since January 17th. However, this strong bullish trend has begun to show signs of losing momentum as overlapping waves develop. Overlapping waves are a key indicator of a potential reversal, signaling a loss of momentum. Additionally, the rising wedge pattern itself is a powerful reversal...
Bearish MACD divergence continuing to play out with a breakdown of wedge trend line. We saw the 508 target get hit today and still face layers of resistance overhead (512ish-515ish-518ATH) ....AND there is a gap still to be filled below (501ish-497ish). If we're going to make another respectable run at ATH then we need to fill the gap and let this MACD divergence...
bitcoin and gold were flying and now silver also flying price is overbought and it has made rising wedge chart patten
AMEX:SPY is looking at a possible wedge breakdown with a bearish MACD divergence and heavily stacked overhead resistance levels. 3/15/24 Bearish EOD targets 512.03, 508.98, 505.91
Hello Birdies, Here is a scalp trade. Steps wait for price to breakdown 71.5k wait till it create low after pull back enter where you find it near the price given on chart One more thing pay attention to H1 to see if we hold above $71.5k or drop back below.. If we continue up, next target to watch is around $74k
✅ DXY Index has succeeded in completing a Rising Wedge Pattern near the 🔴 Resistance zone($105.90-$104.64) 🔴. 🔨DXY also managed to break the lower line of the Rising Wedge Pattern and is currently breaking the 🟢 Support zone($104.30-$103.89) 🟢. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔After breaking the 🟢 Support...
gold price made triple bottom at 1620 since then it is rising but crowd is now bullish at top at $2100 price level if buy the rumor sell the news is real then hedge funds already front running rate cut by fed same like at bottom $1620 in september 2022 👉 nobody talking where gold will be 18 months from now 👉 what will be next macro theme for gold 18 months from...
📈 Bitcoin has recently exhibited a rising wedge pattern on the 4-hour chart, indicating a potential correction in the near term. This pattern is characterized by converging trendlines forming higher highs and higher lows, signaling a weakening momentum and a potential reversal. 🔍 💲 As of the time of writing, Bitcoin is trading at $68,200, and based on the...
Dow Jones is Working this Rising Channel Currently Index may touch 41000 on days to come but As history shows after every rise of 20% DJIA gives the fall of 6-7% We are little bearish on Stock markets Well well well !! If USA market goes down then can we expect overall world market to fall ?? Lets see !! Thanks !!
BINANCE:AGLDUSDT is forming quite an interesting set-up that can realize a growth potential of 30-60% in the short-medium term. On the high timeframe we see the formation of resistance at 1.404 and a sufficient number of retests of this area. In general, altcoins are strengthening quite strongly following the flagship, but AGLD is lagging behind, and the...
Scared to jump in! I will say that since Nov, it's been extremely important to recognize patterns and implement strategies to participate in this fast moving bull rally (tight HH & HL). This 2/9 week candle was pretty strong. I heard someone say once that when people missed a strong rally over thinking it (especially big money), we may see attempts to snatch at...
Overview Utilizing trading patterns and consistencies between several technical indicators, I believe the equity market will begin to unload soon as traders collect their profits from the recent rally and prepare for the next FOMC meeting on 19-20 March. Trading Patterns SPY is currently undergoing a rising wedge which is a bearish trading pattern. Within...
Breakout the rising wedge on 3d chart has confirmed. Expecting get 0.7$ for midterm Patience get rewarded 🎯 Don't forget to support us with your like, comment and follow for more updates 🎯
SBILIFE Is ready to Free fall ?? SBILIFE is in a Rising Channel and Channel is Working from March 2023 Stock is around the resistance of the Rising channel. Resistance zone is coming around 1560-1580 Stock can fall till 1420-1430 Strong Support is around 1420-1430 That would be the Best Buying zone !! Disclaimer : We are not SEBI registered analyst....
The price has successfully completed a three-drive pattern, and concurrently, there is a noticeable formation of a rising wedge pattern and I shouldn't forget to mention that the strength of each new upward wave has weakened compared to its previous wave. Additionally, the confirmation of a bearish movement is evident through the observed RSI divergence. please...