This is a textbook broadening wedge (megaphone). Although price can breakout either above the top line or below the lower line my bias is short. line as the 4h time frame shows overbought on RSI. This wedge has been touched by price 3 time on both top and bottom and this is the requirement for validation. I don’t know yet if I will take this trade as it is rather...
#AAVEUSDT ( 4H chart) Technical Analysis Update
Waiting for the Broadening Wedge Breakout
AAVE/USDT currently trading at $141.5
Long Entry-level: Above $147 (only enter long after 4 h candle closes above the resistance level at $147)
STOP LOSS: I will update once I see the breakout
Target 1: $165
Target 2: $180
Max leverage: 3X
ALWAYS KEEP STOP...
Dear Traders and Hopeaholics alike,
I want you to look at this chart and get excited... not because you like BSV... I don't care if you do or don't, the reason you are excited is that BSV is about to gain HUGE percentages... When BSV runs... it RUNS!!!
BSV IS SHOUTING IT FROM THE ROOFTOPS HAVING FORMED A MEGAPHONE PATTERN
also known as a Broadening...
We got in at the bottom and will continue to show conviction as the DXY attempts to back test the old 91-92 resistance zone as support. If successful the DXY should have clearance to rise to 94 and beyond.
As of now the DXY is showing 3 layers of hidden bullish divergence on the MACD and 2 on the RSI while forming what looks to be a broadening channel above the...
This is a bottom broadening wedge where price enters from above and touch the lower line first. This is usually a reversal pattern but really it can break out either way.
Usually after wedge is validated-( 2 touches of both lines but ideally at least 3 touches on one of the lines)- you will see a partial rise (or fall) before reversing again. I believe we are in...
Theta has been printing an ascending broadening wedge since March 10th. The price is currently sitting in a nice symmetrical triangle. The market as a whole seems bullish right now so there is a high chance that we see this triangle break up. In the short term I am targeting local highs. I think we could see price in the $22.00 range (Fib Extension) by the first...
WTI Crude Oil is currently at a critical support level. The red line signifies the broadening formation that Crude is moving in. If we see a proper bounce here, the volatility in the markets as a whole will cool off too, because oil heavily influences the industrial and financials sectors.
H1 : In a broadening wedge formation, close to clouds support zone which is
currently very thin = fragility !!!
A failure to hold above the clouds would put the focus on the former low area around
54000/53000 area first
M15 : Currently trying to reenter in the former short term downtrend channel, without success for
the time being.
Watch former double bottom @...
Statistics of the descending broadening wedge after a bullish movement
- In 79% of cases, the exit is bullish.
- In 23% of cases, a descending broadening wedge occurs in a consolidation movement.
- In 81% of cases, the pattern's price objective is achieved when the resistance line is broken.
- In 40% of cases, the price makes a pullback in support on the...
Hi every one
BRITISH POUND / SWISS FRANC
the GBP/CHF has formed a broadening wedge in weekly time frame which means the price is expected to move between the upper and lower line of the wedge pattern so if you pay attention to the chart you can see that the market is near the upper line of the wedge this means that the price is expected to decrease and reach the...
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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 independent...
Hi every one
CANADIAN DOLLAR / JAPANESE YEN
so CAD/JPY has formed a broadening wedge this means that the price will range between the upper and lower line of the wedge for now!
another signal is the regular bearish divergence (-RD) which means the price might start It's decreasing movement very soon!
note: price can reach point(E) and than starts...
Idea for Augur
Extreme accumulation is present
This will ultimately lead to a large break out
Very promising project
Just needs a larger userbase, which I think we have been exposed to as of now
I am long this coin