Bitcoin has formed an ascending wedge pattern, where the price is trending upward within a narrowing range. If it breaks below the lower trend line, it could reach the targets mentioned. If the price bounces off the lower trend line and touches the upper trend line, it could potentially break through and flip it as a support level, indicating a continued upward...
#BTCUSDT - Short YOLO Opportunity
Lots of Bearish indicators going on here now. Can go for a bit of a yolo BTC short here. Might pay off really well. Although we are seeing some random BTC pumps coming in although it is looking like people are starting to realise some profit now.
- Bearish Divergence
- 200EM Daily Rejection
- Ascending Wedge...
WMT is currently showing an ascending broadening wedge pattern on daily timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line is the resistance line and the lower line is the support line. As we can see in the chart that its moves increase with higher magnitudes. This pattern should be traded when the price breaks out...
AUDUSD on the 4h chart moved between 2 ascending trendline.
The price has recently broke the lower trendline and is trading over a daily support at the 0.66500 level.
How can i approach this scenario?
I will wait for a possible break and test of the support area and IF that will happen i will look for a nice short order according to the Plancton's strategy...
LIT is currently forming an ascending broadening wedge on 4h timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line of the wedge acts like a resistance and the lower line acts as a support.
Looking at the chart we can see the RSI is suggesting an overbought condition. So it´s likely for the price to go down. Also we...
The price is testing the 4h support inside a ascending channel on the daily timeframe.
The price had a big rejection from, the 7.8$ area and now the market is trying to hold the daily dynamic support and static 4h static support as well
How to approach?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy ,...
The number of unemployed people in the UK increase what means that other currencies have the change to be stronger than GBP.
We can see an ascending channel, with a diagonal line making the support, and other one, the horizontal and it seems to be a support and in the past an old resistance.
We could wait to see if the candles will cross the line 0.87658, or...
We could possibly see this inverse cup and handle get invalidated if BTC breaks this descending yellow trendline since the $69k high in 2021. I can see a $25k price target if we follow this ascending trendline that could be forming right now.
Thank you for considering reading my idea.
Bearish flag/wedge with a target of $16.5K.
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Football is a very good instrument for those who want to have a diversified crypto portfolio which is less likely to be correlated with broader crypto market as the instrument follows the price action of its fan tokens constituents.
For the long run is always good to have some in your trading portfolio.
Looking at its current set-up, 4H timeframe formed an...
USDCAD is currently targeting to touch the upper line of the channel, as soon as it touches it, we are looking forward for bears to take over. We may see a huge price drop to the bottom trendline. I wish you all the best. Remember to use proper risk management. Let's Download Success.
ALTO has earnings post-market 8/8/22. per Yahoo! Finance
last earnings were significantly 10% of share price
Chart (60 minutes) shows a two-week ascending channel as well
as increasing relative volume now sitting at a volume
profile resistance shelf and consistently above
the cloud indicator.
Will ALTO continue on the uptrend or bounce off resistance?
The solar sector has been leading the broader markets for some time now, very much eyeing ENPH along with some others in the sector for a run-up & breakout prior to, and after their earnings. ENPH is holding a big symmetrical triangle on the daily timeframe after closing on Friday sitting on its 20-Day SMA. ENPH additionally has some nice bullish divergence on the...