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Based on the ascending-broadening wedge originating from Nov '17, and ASSUMING that the cycle is coming to an end...
If this scenario played out, we would see 56 become the target of a 6month downtrend. As is common in a bear market, you will see some significant spikes, followed by a longer period of selloff.
*This scenario also lends itself to completion and ...
Could be broadening pattern (ascending, expanding, or bottoming ), needs more confirmation, but something to keep an eye.. good luck trading
AMC has been getting some decent hype with its subscription service, but the company is still far from profitable and not expected to be until next year. Technically the stock is in an ascending wedge pattern, which is bearish and is encountering some heavy, historical resistance levels. In addition, the stock price is sitting near the top end of the wedge channel ...
Got this on the 39 minute chart, the crazy part about this is that the price target measurement lines up perfectly with the established trend line, let's see what she ends up doing.
AXP has been in an ascending wedge pattern since February. Although ascending wedges see the price climb until their apex, they are a bearish pattern. The price target measured from the point of the breakdown is equal to the left side of the wedge, which I have cloned and placed.
To be fair, the wedge has not yet broken down. In fact, quite the opposite. Today ...
BCH is forming an ascending broadening wedge and can break down anytime
To catch this trade we have 2 possibilities
1) We get confirmation that the pattern is a valid one once support trend is broken and we can place a short order
2) We retrace to one of the horizontal support levels and get a rejection, this would imply a partial decline and we can place a ...
Normally a bearish sign -- a lot of other alts are following the same pattern.
At the moment the coin looks optimistic, it can fluctuate in the range of 0.0000105-0.0000108, but has a high potential to break through resistance shown on the chart.
The price is going to test upper edge of descending Triangle in case of success it will break through it and consolidate above resistance of Ichimoku clouds zone. Which will bring significant ...
An Ascending Wedge is forming on the 4hr chart. Since we have recently turned bullish with lower lows and higher highs, I don't imagine we will break through the strong resistance at 6340.
I'm bulllish after the 9/27 DEMA cros on the daily and this textbook Ascending Broadening Wedge. We've also broken out and hooked on the long -term trend line and are moving up. Although confirmation of a bull trend would need us to reach above the 7800 area, this setup looks like it can take us there.
Watching for the approach of this 29 month trend line. ABC correction seems to be complete as we're approaching the completion of the 5-3-5-3-5 leading diagonal into a potential bull run.
I'm looking to short at the top of the ascending wedge and we can break the trendline. The slight bearish divergence on RSI gives the hint that it should fall from the top of ...
Maybe BTC is printing an ascending wedge rather than flat or triangle. Maybe the correction already ended and now we're in a leading diagonal.
There seems to be broadening wedge on the 15-minute chart. Price movement is contained and is alternating between the two non-parallel trend-lines (white lines). This tends to suggest the end of a rising price trend and the start of a reversal. Good risk/reward ratio. Will short here.
Average Entry Price: $9435
Stop Loss: $9603
Final Target Price: $8884 ...
BTCUSD appears to be forming a bear flag within an ascending broadening wedge. Based on this assumption, I am expecting an inflection around 8,400-8,600, which would be at the 38.2% fib level, running from the local bottom of 6,400 to the local high at 9,750. In alignment with the ascending broadening wedge, this would be the second touch of the bottom trend line ...
We have a H&S pattern forming on the 1H chart with RSI bearish divergence also appearing (yellow) indicating a possible drop pending which would confirm the head pattern.
We currently have 2 trend line supports - short term (yellow) and the ascending wedge (blue), if we fall through both, this would confirm the head pattern and could see us head back to ...
Lowest ideal price target according to set up patterns,
Bearish Butterfly target: $7,300;
H&S, and Broadening wedge pattern target $7,400
Fibonacci 161.8% $7,500
Wabi appears to be in an ascending broadening wedge formation, right now with a partial pullback out of it's channel.
Look for a reversal once it reaches the top at 1.272 (0.00014309)
Breakout is most likely downwards from this pattern, with a 10-15% drop likely, retrace back to Fib 0.618 (0.00011388) or even the 0.5 Fib retrace.
The price is forming an anti new cypher, with fibonacci drawn from 0 to 1
Where a less risky entry will be at 80.430 which is also 1.618 on fibonacci.
The price is also performing a 5 wave sequence where the Minute have enden and startet the correctional waves
with Minuette and a W,X,Y,X,Z correction inside an ascending broadening wedge.
A correction is in ...