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.
From the looks of things we should see prices at least peak below the 40k level and at worst see this be the beginning of something much more bearish.
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.
Hi traders, Sharing a quick idea for a short. SHIB has left yellow ascending expanding wedge and will complete the figure with the fall to wedge base around 4800 area. Good luck. Tony
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...
1. Ascending Broadening Wedge 2. Bearish Butterfly 3. Negative RSI Divergence
This a fairly long video on Ford Motor Company NYSE:F and the overall macro trends I see in its market. I am long on Ford and this is my bullish case-video and DD. I hope you enjoy! NYSE:F . This is also my first voice over video, so please be kind and let me know if there is ANYTHING you disagree with on the charting aspect of the video or otherwise. ...
Axie Infinity is a Pokémon-inspired digital pet universe built on the Ethereum blockchain where anyone can earn token rewards through skilled gameplay and contributions to the ecosystem. To create a better user experience and promote scalability, the Axie Infinity team is building a layer-2 sidechain named Ronin. The AXS token is the ERC-20 utility token of the...
PADINI stock price may reach at around RM10 at the upper line of ascending broadening wedge pattern.. Before a big "crash" .. for expanding flat pattern..
As you can see guys, a few hours ago BTC hit the 60k and now it looks like at the end of completing the Ascending Broadening Wedge Pattern, If we can hold that support at $58937 in the next few hours maybe 24 hours we will see a new all-time high.
Just another idea after days of pump Lets see if the wedge plays out, after my last 2 failed
Today, we are looking at the Dollar Index (DXY) from Monthly to Daily. MONTHLY : Strategically bullish, supported Under by a double bottom pattern (@0.892090), trigger level confirmed for a technical target of 97.67 ! September, end of the month closing @ 94.24, above the MBB = positive signal WEEKLY : Double bottom clearly identified, followed by a gradual...
Chart shows the possibility of Right Angled Ascending Broadening Wedge Chart Pattern and it's target. A right-angled ascending broadening wedge is a downward reversal pattern. The pattern is formed by two diverging lines, the support is a horizontal line and the resistance is an oblique bullish one, so it is an inverted descending triangle. ... Each line must be...
DXY currently is in a 'hard-to-tell' situation as I was expecting it to jump to 93.7 which it didn't manage to achieve last week. However it did achieved 93.524 and fell after retest for the second time hitting exactly at 93.524. So my assumption here is that there's big sellers available at this level that managed to push price down. DXY is still in uptrend in...
I am aware that analysing the market in its current conditions is tricky, but I just can't hold back. Most of the altcoins are showing weakness with previous movements of $BTC and financial market in general. Multiple altcoins and $BTC are drawing symmetrical triangles on a 1D timeframe and are in the middle of it which is why I think market can go any...
BABA seems to have completely broken it's trend and looks to be preparing to reverse back down to where it started i think in the next few months you will certainly see BABA below $145 and worst case scenario it will go back to the 60s.