Massive descending wedge forming on HTF charts for $THETA. Looks like it is being accumulated right now and a clear bullish RSI divergence adds confluence. ~$2.25 could be a short term target but I am in it for the long term.
AUDUSD has formed and ascending wedge. I am waiting for a breakout and then I will place a long position.
Bitcoin is moving in a descending wedge plotted on the weekly chart starting in September 2021. Last week the price touched the EMA 200, a similar event boosted BTC in 2018 and 2020 (see red arrows on the chart). The probable weekly close is expected to be between 29 and 29.5 K$. Next week we should finally be able to see the first green candle
Keep it plain, simple and minimize the noise! We nailed our last few trades! :) Sorry for the phone upload, but here we see the bull flag we were watching has turned into a descending broadening wedge (bullish pattern). If we get our confirmations, my target is around 33-34k. Also not surprised if we just nuke straight through this, as the market is clearly...
On logarithmic scale. Before we had a clear bullish flag, pennant etc. It seems like we either bounce here or fall into a falling wedge pattern until start 2023.
Since our first call of $XMR back in March, we are currently up 66% in profits and we have hit our 2nd target! XMR is currently not following the rest of the crypto market having its own little bull run.
Guys, I sold Solana at $125. Reason? After breaking to the upside of it's descending wedge, Solana has now hit both it's target from measurement of wedge exit but also, a big level of resistance which I have mapped at $125. To me, this is a clear signal that at least some profits should be taken. I have chosen to take all my profits from entry of $79 and...
COINBASE looks bullish to me because of the descending wedge forming at the D and W and I will eventually trade the breakout to the long side. I believe that we sill have some more ups and down prior of this break out if it actually happens of course. Right now, we are at a point were is crucial, it could go down before it breaks the descending wedge and that's...
Recently Bitcoin broke out of a descending wedge (yellow dotted lines) to show a potential sign into a reversal uptrend. However, Bitcoin looks to be approaching some key resistance dancing around $43-45K. The current price is right around the 61.8% Fibonacci level from the drop back in May/June, but this also is the 38.2% Fibonacci level from the drop back in...
The analysis is showing A massive descending wedge breakout and first retest completed Action Plan Entry: 1.6-1.64 Take Profits on chart
A quick look at Beta (#BETAUSDT, 1D, Binance): According to CoinMarketCap, "Beta Finance is a permissionless money market on Ethereum for borrowing, lending and shorting crypto assets." The price has been trading in a descending wedge since its launch but may have found a support at the current level. Main Points If the support level holds, price may trade...
Doge is currently in a weekly descending wedge lets hope it 1000000x s
HTF - bullish bias. 4Hr TF - formed a descending kind of wedge and price hit the bottom of HTF trendline and move impulsively up, now we only need a break of the descending channel followed by a LTF continuation pattern, expecting further bullish momentum after that.
Hello Traders, Taking a trade on CRV. Will be adding to my position if we get a retest of the broken trendline. The same pattern has been played out three times before. High risk, protecting myself with a tight stop loss.' Trade at own risk. Good luck!
In a broadening wedge a descending megaphone pattern is characterized by five reversals, up-down-up-down-up, each swing is wider but price is constrained within the wedge pattern, without break below lower TL. The finishing move is a crushing bearish move to the lower TL. Price came down to 200 DMA. Will it hold? Wayyy Oversold! The pattern is a bullish reversal...
Looking like a descending broadening wedge in the MANAUSDT 15min chart. Might see the expected breakout after this consolidation period which may end soon
$SPY is forming a descending wedge out of of a recent double top. This should bring us right back into the ATH. Then the fun begins...🤔💭📉📉📉 I'm looking at around $480 as the target. Think we will see $448-450 then a huge bounce into $480...
Bullish divergence on the MACD Histogram, and RSI. A clear break above the wedge with volume confirmation, and I'd put in a long.