$DOT has formed a nice broadening wedge at the 886 range from the last swing high to swing row and is now trying to establish/validate a new local higher low above $6.76 at the $7 range. The MACD and RSI has printed hidden bullish divergence on both oscillator's indicating that momentum is started to build back up to possibly break through the top of the wedge and...
SPX500, together with Nasdaq, has incredible power and is a great opportunity for traders and investors. On the 4h/daily chart, we have a descending broadening wedge, so you can wait for a breakout of this pattern to enter a long position. According to my Elliott Wave analysis, an ABC correction has ended, and there is a strong possibility of a new impulsive...
ONTUSDT Technical analysis update Short level: $0.243 - $0.247 Stop loss : $0.260 TP 1 : $0.230 TP 2 : $0.221 TP 3 : $0.207 TP 4 : $0.192 Max leverage: 1x Always keep stop
Broading wedge formation..we can trade price into this pattern,Risk reward ratio 1:3
#BTC/USDT $BTC broke down support and dropped to lower zone of rising wedge pattern. 🐻 break down from lower line of rising wedge will drop price to support zone or even ascending support zone. 🐮 if bulls succeed to hold the lower line of rising wedge price will have another leg up toward upper zone of this wedge. wait for a break or rejection!
🤖 #BTCLIVE - 05.08 - #IDEA 🤖 70:30 Long-Term Bullish:Bearish Technical Analysis: Current Status: Confirmed a descending broadening wedge - since the 1st August with the latest to failed breakouts. These are particularly bullish patterns - based on historical data showing a 79% frequency of breaking up from them. In the same data set it is claiming a 33%,...
Herbalife Nutrition Short Term - We look to Sell at 24.72 (stop at 26.71) Price action has formed an expanding wedge formation. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected. Our profit targets will be 19.00 and 17.00 Resistance: 25.00 / 37.50 /...
Two different types of Wedges both showing a similar sell point entry The sell point is right below the wedge, so if a breakdown occurs, a retest and consequent rejection follows This is common between both wedge patterns From personal experience I have seen Rising Wedges act more bearishly than Broadening (megaphone) structural wedges However both of them have...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this RLC trade setup. RLC looks good here. Breaks out from the bullish descending broadening wedge pattern in 2hr time frame. You can open a long position here with the tight stop loss. Entry: At CMP and add more up to $0.94 Target1:- $0.99 Target2:-...
The price is currently above 22 000 USD and we have had a capitulation wick to 17 600 USD to kick out high leverage traders. I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD)! Bitcoin on the weekly chart is currently sitting on the main support: Previous 2017 Swing high + 0.382 FIB + ABC...
Canary Jones™ makes a compelling analysis and case for the nearing DOW 18000-20000 using a blend of fundamental and technical analysis. I also argue that we could see one of the last best buying opportunities of our lifetimes. Additionally, I speak on the resilience of the American economy and my bullish predictions for the future.
Elliott wave analysis on BNB was really hard, but this is my outlook on the 4h / daily chart. Don't forget that BNB on the weekly / monthly scale is extremely bullish, so we should follow the main trend. We have a broadening wedge / descending channel, which are usually both bullish patterns. Also the price is printing a local ascending triangle in the...
Due to my technical analysis, i think this downtrend can be over and we can expect a pump anytime soon! On the daily chart we have a broadening wedge and also a local ascending triangle, both bullish patterns. If we take a look at the RSI indicator - we can spot a bullish divergence, always great to see. As per my Elliott wave analysis, the massive...
CADCNH has completed the broadening top pattern and the price is now in consolidation. I expect CAD to continue gaining strength against CNH and to reach the broadening top's objective, which lies near 5. We can short the pair once the price breaks below the small consolidation trendline.
Chart Story here is.. from a Ascending broadening wedge the bears took it down.. and there was a great chance that a Bullish divergence would appear. It did... course went up and so a Descending triangle formation was there to bring the course down again. Because the price then widens a bit on the downside in a sideways move, I consider it a Right Angled...
The price got a rejection from the 0.618 Fibonacci level, where the price created the Neckline of M pattern. The price created a double top as well on 0.5$ level. How to approach? The market created a demand zone on 0.42$, so the price could create a bearish impulse in order to grab new liquidity for the reversal trade. According to Plancton's strategy , we can...
Just watching this pattern to see if it plays out. If support holds, a nice 50% first target to the upside looks likely, possibly more if resistance breaks at the $0.74 level.
#BTC/USD $BTC monthly close made a broadening triangle that lower line is the same angle with upper line. 🐮 if bulls success to hold the lower zone between $25k and $31k, price can head up to upper line from next month or after that.