We have this Ascending Broadening Wedge on the 4 hourly time frame. As we see on the social media everybody is bullish again and that's the point where i am looking in the other direction. I exited my long position from 37.7k because of the bearish divergence on the 4 hourly and entered short postion at 42.2k. Ascending Broadening Wedge is a bearish pattern and we...
We gave Double Bearish Divergence on the RSI and are at the Supply Line of this Weekly Ascending Broadening Wedge. We are however very near 100 an di wouldn't be surprised if it just came to visit the area's of 100 before coming down but at this point in the chart would be a nice place to take profit or take a shot a being Bearish. As of right now the put options...
Traders, I think this ascending wedge should be something we put on our radar here. With fairly recent bullish price action along with our VERY strong support below, the probability that it plays out is LESS LIKELY than normal, but it does appear that BITCOIN is drawing a BEARISH ASCENDING TRIANGLE here. This may be further confirmation that the HEAD AND...
On the upper chart, we can see the daily timeframe where the price got rejections from the dynamic resistance and the weekly one on 3k. The price is testing a daily support and the market is trying to hold it on 2560$ On the lower timeframe the price is going to retest the previous zone as new resistance, we could see a pullback on 2610-2640. How to approach? We...
For visual assistance to my previous idea. Indicates a potential breakdown coming at the support line if price tests the line 3 times without pivoting.
Just Like BTC Did a Few Weeks Ago , The SPY has broken below an Ascending Broadening Wedge Demand Line and has formed a Bearish 5-0 at the tail-end of the breakout. The Reciprocal AB=CD PCZ of this Bearish 5-0 takes us to the 55% Fibonacci Retracement and that's where we closed today. If we get follow-through price action we should see the SPY Continue Downwards...
- 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.
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...
*UPDATE* 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 ;)
Large ascending broadening wedge for BTC. 80% chance the price will break downwards. Look like a potential form of a complex HNS, shoulder not yet form though. BTC 1H
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
Description 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...
Ascending Broadening Wedge pattern, 80% price breaks down of pattern. Key support will be 40536.66. BTC 1H
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.
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...
Ascending Broadening Wedge naturally bearish but failure of pattern also important. Price target 1.618 golden fibo off the entire move?
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.