Hey Traders, As you can see on the Daily Line Chart of Tesla (TSLA). The price action has formed a Descending Broadening Megaphone/ Wedge which is a Bullish Pattern. Now in fundamental terms, I think this is impossible at the moment because Tesla already has such a big market cap but in technical terms, this looks like it could happen. Tesla is a company mainly...
ADA/USDT BINANCE D1 - Descending Broadening Wedge (Prospect) A Descending Broadening Wedge is a bullisch Setup Here the missong "5" is missing When a "5" is created and we get a bulilsh break of trend the targets are marked as horizontal rays Two Trading setups or one with TP1 and TP2 and a good Risk-Reward-Ration could make sense
The AUD has broken out of this wedge after confirming a partial decline and is now confirming the breakout level as new potential support if we can get some follow though we may at the very least see the 88.6 retrace to the upside.
Etherium Descending broadening wedge. look for break and candle close above upper trendline on 4HR for entry. Target top of structure / Wedge.
We have Two Instances of Bullish Divergence on the 4 Hour MACD at the Demand-line of a Descending Broadening Wedge and PCZ of Bullish Shark and if it plays out we could very well see the top half of the Channel from here.
Like the last time we have fear, pannic and descending broadening wedge in the market. At the moment we have divergence on the 4 hourly which i think is going to bring us to the upper line of the wedge, but i also think we are going to be rejected from it because at the moment there isn't enough buying preassure. If we come down to the support line again i am...
You can see that BTC has beautifully broke up. However if we look at the total crypto market there was no breakout. This could indicate that there is further downside or that the real test will be after BTC's breakout of the descending broadening wedge if we look at current price action of BTC If BTC breaks 39k it will go and test the highs of 43-46k....
Most of the info is on the chart. Descending Broadening Wedges tend to breakout upwards. The Triple MACD divergence is also a bullish sign. The signal I am waiting for is a close above the upper trendline of the wedge. The target would be the first (highest) high in the pattern. (40960$)
Hey, I am observing right now the ETHUSDT chart waiting for a conformation of what will happen but still taking a long trade. The upside has more room up in my opinion if we break below the green line (Support) I will close my trade ofcourse. Shill me also your ideas.
BTC Descending Broadening Wedge, wait close candle at 0.618 fib re
> Weekly pulled back to .618 Fibonacci, horizontal support, 200ema and found support to start a bull run now 3 weeks in. Possibly looking to reach the recent highs area at 1.4200. > Daily formed a descending broadening wedge & is currently starting to breakout to the upside. 1. Price could continue breaking out on the daily and form a small pullback to retest...
BITTREX:BTCUSD If BTCUSD holds the 31-33K band, It could form an accumulatıon zone with bullish rsi divergence followed by a descending broadening wedge breakout. Whıch then would also mark the pivot point for the larger market trend.
Hey Traders, Litecoin (LTC) seems to be in a descending broadening wedge, this gives it a target of $197 but before that, Litecoin will have to go down a test strong support of $105-108. Safe trading, -Pulkanator
restesting descending broadening wedge of hrum chart, potensial upside, time to entry
YETI Short Term View: Long Descending wedge still has room to develop. Watching for a breakout to the upside and targeting $92 area. Stock has sold off 30% from the top and if it continues its downtrend to the bottom channel it will be -35%. A rebound is likely with upcoming earnings unless the overall market goes into full crisis mode. Long Term View: Short...
CADJPY already break the Descending Broadening Wedge Pattern, potentially make a strong bullish trend Price Target on the Cluster of Fibonacci 1.618 External Ret and the DBW pattern's target CAD/JPY Signal ; BUY STOP >>> 89.964 SL >>> 89.000 TP >>> 92.230 R/R ratio 1:2.4 Win Rate 61% -Fibomic International- FX:CADJPY
BINANCE:BTCUSDT forming a descending broadening wedge setup, have an open long position here. If daily candlestick closes above 53k resistance road back up to 59k is clear
The upper bound of the Descending Broadening Wedge provide a potential neckline for an iH&S formation. BTC has resistance at the 8h MBB/8EMA combo.