Price is losing the upside momentum right now possible heading back to retest the previously broken fibonacci 0.618, and also there is a VCPR at 3450.00
Really nice looking chart on this coin. Respecting the levels so far and looking bullish with a potential higher low forming right now. Let's see if we can form a higher high from this price. Not a really good enough probability bet (for me) right now but if buyers break 0.45 (on a daily closing basis), things could get interesting...
US Dollar Index is forming a descending broadening wedge. After hitting the upper line, the candle formed a rejection. The price also moves below the 20-day EMA, indicate that the trend is still bearish. So, there's a potential for price move downside to the lower line before move upside again. 90.57 is the target price. DISCLAIMER ON
Good day Traders Bitcoin: Expanding diagonal invalidated & seeing this as a completed wave 4 correction for now. Bet there's plenty sitting on sidelines waiting for that 10.5k entry.. More likely to me that this just grinds up from here. Daily order block and 4H EMA200 holding strong. I reckon we should target that $12.8 - $13k weekly resistance next. Good...
Hello my friends, Another trade ideas for currency pair with JPY in it. This time is GBPJPY. Previously i posted about selling this pair on the rejection of EMA-50 at 1hr timeframe. Unfortunately, I got my stop loss hit and booked -40 pips loss. After analyzing it once again, i found that price actualy making a broadening wedge pattern on 2hr timeframe and it...
Bullish: I'm seeing a potential Inverted Head and Shoulders pattern with a target between 12400-12550 (depends on where it breaks if it breaks) Bearish: There is also a descending broadening wedge which could playout with a target between 11300-11500 (depends on where it breaks if it breaks) You should definitely wait for a breakout before taking these...
It looks like Bitcoin is forming a descending broadening wedge which is a bearish pattern. The target points are between 11300-11475 (it depends on "if" and where it breaks). Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades (Not Financial Advice).
Plan: 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 investment decisions. Traders!! if...
XLMBTC has been a nice breakout from descending wedge, and now we are waiting for a pullback on past resistance According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of...
Apollotyre descending wedge breakout. Targets on chart
Evening Traders, Today’s Analysis – Curaleaf Holdings, Inc. – as swing trade into technical target as US voting season approaches. - Macro broadening wedge - Dynamic Resistance broken - 200 MA support - RSI bearish divergence - Volume influx - Back test long CURLF has broken bullish from its macro descending wedge, initiating the pattern with a clear...
Evening Traders, Today’s Analysis – NZDJPY – trading in a probable broadening wedge, confirmation will be on a break of resistance. The immediate price target however is the local support for an S/R flip confirmation. Points to consider, - Local trend bearish - Down sloping resistance objective - Local Support S/R Flip - RSI channel - Volume Below Average...
Just thoughts from a noob. Descending broad wedge break out and retest on the weekly.
I see a descending wedge forming, to a possible breakout.
I see a broadening wedge on the log weekly time frame with this weeks candle holding the upper trend line as support. If we can continue to hold that line as support there could be a chance from upside action before the month ends.