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 ...
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 ...
Wolves,
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 ...
Here we can see YOYO on the 4 hr chart after it's recent breakout. There are a few things going on here.
First, I used trend lines to explain previous price action, and to identify a potential bottom for YOYO.
The initial up-move after the Spring transitioned into a sideways trading channel, which is normal
Price action may have formed an Ascending Broadening ...
Step #1: Prior to the Bullish Wolfe Wave Formation look to have a clear Bearish Trend
Step #2: Try finding a 5 wave move that can be contained in a channel. Last wave 5 must break below the channel
Step #3: Buy after we break and close inside the Price Channel.
Step #4: Draw a trendline that connects the wave 1 low and wave 4 high and extend it in the future. ...
Best Wolfe Wave Strategy – Bearish Wolf Wave
When trading the best wolfe strategy you will find that after the entry was triggered your position should show you an immediate profit. This is because the reversal pattern that emerges from the wolfe wave chart pattern is very violent.
Once we’ve got the first five waves we have the general setup of the wolf wave. ...
Pennant breakout, may lead to dual breakout, descending broadening wedge as well as triangle.
The breach of dotted aqua wall, given the history, does not seem likely, though!
Bittcoin recently broke out of the large falling wedge as predicted, we broke out and we have formed a rising wedge which indicates a short term bearish trend. 10k is target,
