Two scenarios here:
1. Ascending wedge is in play and Apple re-tests 2018 lows. This would not be a good look.
2. Symmetrical triangle is in play and Apple breaks out after a bit of a rest.
Either way, this stock is going down short-term.
Furthermore, my analysis suggests that Apple stock price is the direct result of buyback efficacy. Net revenue is down,...
We are at the the point where ADA is going down to support once again at 0.03850 price zone. Just for a short time :)
This pattern- ascending widening wedge is 80% of times bearish.
But I believe that we will bounce from the support zone right back up and then going to real bull season again. Right at the time when BAKKT is going live.
Like always, place a Stop...
The bull flag definitely seems like it wants to trigger a bullish breakout here. Of course being still in the last 10 minutes of the 1 day candle anything can happen and we must remain patient and balanced until we get a better idea upon the daily candle close...we also need to keep a close eye on the top trendline of the broadening wedge's resistance(in red), and...
Litecoin has been within an Ascending Broadening Wedge since its bottom in December of 2018, similar to my Etherium analysis, and is currently below the 60-Day Hull Moving Average on the Weekly...
The Daily candle opened lower and below the 8- and 20-Day HMA...
With the support of...
*Using Poloniex for historical data. Shorting can be done on other exchanges, Bitmex in the case of this analysis.
ETH is within an Ascending Broadening Wedge for its overall history, currently having broken below the lower trend line with the Weekly 60-Day Hull Moving Average and the 175-Day HMA above it at $235. A cross of these two HMA's could occur within the...
At the long-term timeframe of 1D chart we can see the price touches global support trend line. You may think it is a good sign because as usual the price touches the global support and bounces, however take a closer look at technical indicators.
Volume decreases while oscillator shows hidden bearish divergence and Bollinger bands narrowing. Seems strange for a...
During the day a new pattern, that is considered bearish has come into play and possibly marking a high, a diamond-top. Also taking into consideration, that we have developed a bearish ascending wedge, it becomes more likely that we have seen a local high now. Possible targets for this are not $8k .... those are $10.7 and $10k, where we would have to look at the...
Couple of things to unpack with Softbank, 9984:
#1 Lower 78.6% high from previous peak
#2 Previous peak was reversal off a massive long-term wedge resistance marking major tops from 2006
#3 Broke down from 30M SSR and key MA support
#4 Softbank is super levered and materially dependent on unicorn valuations for its acquisitions to keep 9984 share price up. ...
BTCUSD Ascending Broadening Wedge/Falling Wedge 8.1k-8.6k Bottom
- Two Alternate Ascending Broadening Wedge Formations Drawn with decline leading into bullish Falling Wedge formation.
- Breakouts downward of ABW at ~10400 or ~9800.
- Per Bulkowski, average decline of Ascending Broadening Wedge is 17%
- Targets ~8640 and ~8140, respectively.
How fast does travel travel today? The speed of light? How fast do the Internet memes get around? minutes, hours, days, weeks? Not long at all. How long does it take to viral YouTube video to spread around the world? No time at all. How long does it take for a black swan to sweep through an already shaky financial system? Does 2008 come to mind?
Now that the US...
Ascending broadening wedges are reversal chart patterns that are formed by a bullish widening channel. Here, forex trading volumes increase during the formation of the wedge.
A break through the support line provides a good sell signal, with a first price target that is equal to the chart pattern's low....
Bullish case from here is that this whole move is an ascending broadening wedge which we have seen on micro levels through this whole move.
F & the textbook AB=CD is an imediate short term target
if Bitcoin is bullish we would expect to find support around the 0.382% fibo level. which is also the diagnonal support.
A target for ths move higher will be...
Note : ascending broadening wedge --> structure break --> buy on dip
**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 independent investment decisions, -
This pattern is not even close to being complete, and there is major upside potential as bears have shown extreme weakness at halting this move.
The parabolic pattern:
This is most likely a parabolic pattern and there have only been 3 bases to this parabolic move, this means that there is still a high probability that the price can at least double from the price...
Ignore my counting with impulse tools. Ascending Broadening Wedge taken from Encyclopedia of Chart Patterns Second Edition and may not even be applicable here. nevertheless, I'd like to see how it plays out in Crypto-Land.
"The ascending broadening wedge is a chart pattern that tends to disappear in a bear market. Most often, you'll find them in a bull market...
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