Important things to note: We still have a giant ascending wedge (bearish) We have a small descending triangle (bearish) We have a doji candle yesterday on 1D chart (price reversal) Important Dates to Take Note of: BTC becomes legal tender in El Salvador Sep 7 2021 ADA Alonzo (smart contracts) go live Sep 12 2021 ADA Summit Sep 25-26 2021 So, the bad news...
Chart shows the possibility of the Ascending Broadening Wedge Pattern and it's target.
I was waiting for the Risk to reward ratio to line up before posting this we're testing the old line to try to find resistance at old support here and that's allowed the R:R to be acceptable. Now would be the chance to enter.
This is the last update of current harmonic patterns on Daily USD/CHF charts. As we can see, two patterns are identifiable on the chart: 1. Ascending Wedge: Possible Bearish pattern 2. Symmetrical Triangle : Possible Bearish pattern RSI is below 50 which confirms possible breakout and downtrend. ...
Bitcoin currently forming an Ascending Broadening Wedge Pattern. We just experienced a correction that should follow an impulse with a healthy pump. If BTC stays within the wedge then we could see a bullish move to 48K. If that resistance breaks then we could see 50k plus. BTC always comes with surprises so if it breaks downwards then we could see a bounce back...
Upon Breaking Down i think it will make a minimum of a .786 retrace from the last low to high.
NEOUSDT is creating an ascending channel 🦐 below the weekly resistance. IF the price is going to have a breakout from the channel and from the weekly, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
If we were to go based off of textbook targets then the next stop of 0x would be around 52 cents but if we wanna be conservatize i'd say just to target the 618 for profit taking as that will yield more than enough profit to justify the trade.
The Bear Path has the broadening wedge confirm as a reversal pattern. The Bull Path has a rejection of the lower trendline to a Higher High and the fifty percent retracement of the 60-29K move.
TSLA has breakdown the Ascending broadening Wedge in the daily chart. It may give an opportunity to short sellers for 50% of profit which has been taken from the max height difference of the ascending lower line and the top + support. The stop loss of 25% is deviced from the last resistance. This is not an investment advice, only a speculation. So not follow it...
Peak excitement on Friday - as retail traders pumped various markets with billions in cash. This was alongside institutional traders who had been bailing out. Well, retail won a significant limb of this, from the bottom edge of what now looks like an ascending broadening wedge following a major bullish drive. Biden echoed the FED's mantra on transitory...
$OXBR ASCENDING BROADENING WEDGE, scaling up exponentially... CONSECUTIVE HIGHER BOTTOMS Oxbridge Re Holdings Limited, together with its subsidiaries, provides specialty property and casualty reinsurance solutions. It underwrites reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. The...
Totally misread the move but the recovery on any losses is going DOWN now. Make up some loose ends here. The dip should ease up around 15-14.5.
Hi All, ADA looks similar to BTC and hence look for the breakout trade. All the best, S.SAri
Recently, price managed to break below the support of this ascending broadening wedge pattern. Notice for price consolidate near the support before breaking below it. This consolidation looks like a bearish flag to me. We could expect price to continue go down towards 1.8100 area. The target of this wedge is at 1.8092 but we will aim to take profit a little bit...
ASCENDING BROADENING WEDGE WITH BULLISH PENNANT AND SYMMETRICAL TRIANGLE