- ATOM is one of the greatest looking coins at this moment on Binance.
- We can see on the weekly chart an inverse head and shoulders pattern with tripple TOP resistance.
- ALL coins dropped hard, but ATOM's uptrend is still intact as the ascending channel still holds.
- Check my related idea about ATOMBTC chart below! It is very bullish.
Bitcoin had a nice retracement to the 0.382 Fib level and bounced back over the Base - line.
The Stochastic RSI confirms a buy signal in the oversold area, which shows nice room for growth in the next weeks.
As long as we are above the cloud and inside of this "ascending broadening wedge", this should be safe.
I am expecting Bitcoin to rise to old highs in the...
The wedge has broken out to the downside as expected. Current target is $38.8K.
Note: A further pullback below this target can happen. BE ADVISED :)
Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :)
Peace Love Money ;)
Good Day my fellow traders! As you can see from the chart on the 6hr, BTCUSD is currently trading inside a Ascending Broadening Wedge. This is know to be a bearish pattern. Thus far, we have three touch points on the support trendline, falling below it will confirm breakout and give a target of $39600.
Disclaimer: I'm NOT a financial adviser...just a regular...
ADRO forming ascending broadening wedge and already broke downt its lower trendline and is valid on its pattern with bearish divergence. potential downtrend minor if buyer still strong and have a ton of good news with good IHSG movement
AAPL has broken out of an Ascending Wedge to the downside following an ATH just over 182.
Ascending Wedges are at most intermediate in their trend implication and represent a general petering out of investment interest as the formation progresses and the stock becomes more expensive. Wedges typically take at least 3 weeks to form, otherwise they...
Bull flag in the trading sense of the word... I could see a retest of the ATH...Pretty sure the shareholders can too. Bull flag within the ascending broadening wedge pattern may visit around the $55.00 region first. Look at how fast this ones moved though. No surprises eh. Personally not trading this instrument.
This chart is on the weekly chart. Over the last few years, Gold has formed an ascending broading wedge price pattern.
Once price builds it winds up to a break in either direction. As the fed tightens and increases interest rates this will push Gold into a strong bearish market.
This is likely to take several months to play out, it could be by end of January or...
$DOT broke down from ascending broadening wedge pattern.
current zone can act as support and cause increase to broken support to confirm it as resistance.
then more drop to 0.786 fib level and maybe touch support zone between $7 and 10.
RSI candles shaped a triangle that current candle can be on lower line.
The possible target of the rising wedge formation in the monthly time frame does not look encouraging at all, there is a possibility that there will be a move that will almost completely eliminate the entire annual rise.
Plan : support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc on lower timeframe --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
An ascending broadening wedge pattern formed on the dogecoin chart. I expect it to make a big move up to $0.44 for the short term. On this level ($0.44), it depends on the market whether if another FOMO drives the price to $1 or rejects this level to the pattern projection.