If you enjoy this analysis, please give it a like and a follow. MANA has been losing value for nearly 2 years at this point. However, I anticipate that there's some decent money to be made on MANA in case this falling wedge pattern plays out as I expect. MANA looks weak, and will likely lose more value in the coming weeks/months. I'm going to be very patient...
NEAR has been trading bearish since the April top 2022. This trade is based on the premise that NEAR's bear market is over and that the price will move up in the future. Keep in mind to wait for the price to break through the top resistance of the pattern and close above it to confirm the break out. Target placed at the all-time highs, stop below the recent bear...
GMT has been falling ever since it topped out in May last year. During this very long bearish period, it appears that GMT has formed a falling wedge pattern. Falling wedges are classically bullish reversal patterns. However, the pattern is far from finished, so that's why we continue to look bearish. Stop above the most recent swing highs, target at 0.08 or the...
This is interesting, paypal is used everywhere around the world, and all the value gained during the pandemic has been lost, but i think all will be recovered because the use of the credit card is all time high, so, this is a good point to start a position. At the same time there are two falling wedges waiting for a breakout.
Falling Wedge Chart Pattern in 30min chart NYMEX:CLQ2023
Looking at the bad news in the past weeks we should have gone like straight bottom, 30/50% down. Instead we hold 25k nicely. Now that we are above MA200 weekly and perhaps will use at support, I see two possibilities. Bullish and Bearish. It hold so well so maybe we can think BTC has some power to complete the falling wedge (red lines), reach 30k or even beyond....
ARB has been trading bearish for the better part of three months now. During this period, a falling wedge pattern has emerged on the chart; lower-lows and lower-highs. In my view, it's likely that ARB will continue to trade within this pattern for the foreseeable future. Keep in mind that we've got a FOMC interest meeting tonight which could cause some strong...
Not writing much on it. Sharing my long scenario for BTC. Very heavy resistance overhead but it looks like a very clear bullish pennant forming from its previous run up. Currently attempting to break out, ultimate goal would be at 35-36k with TP zones at previous local high of 27.8K and 30k~ respectively. Look for volume on breakout of this wedge pattern. There...
✅BITCOIN is approaching a falling resistance So according to our strategy We will be looking for the signs of the reversal in the trend To jump onto the bearish bandwagon just in time to get the best Risk reward ratio for us SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
In previous days US dollar index made a serious down trend towards 102 level ..the bearish scenario is still valid until it move above 38.2% FIbo level..so we could see a small correction then a huge sell as an impulse.
Hello,Traders! NZD-CHF was going up After the pair made a rebound From the local bottom but The pair is still in the downtrend And is trading in a below The falling resistance So after the retest I think That a move down is Very likely Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
On the chart we can see a falling channel pattern. We expect that the price will reach the horizontal support. Only if this happen we can open a long position. Target is shown on the chart.
HBAR has been selling off for months now. In this process, it has formed a falling wedge, which is generally a bullish reversal pattern. The signal will be activated once the price has broken through the top resistance and closed above it. Patience! A more risky bet would be to make an entry around the current area in anticipation of the break out. Stop below...
Hello,Traders! AUD-CAD will soon retest A falling resistance line And as the pair will be Overbought at that point I believe we might see A bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
ICP has been selling off for nearly a month now. During this period, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns, so that's why we're looking bullish. Wait for the price to break out and close outside of the pattern before considering an entry. Looking at 4.90 for now. Target placed at 6.80 for...
On the chart we can see a falling channel pattern. Our strategy is to wait for the price to break the upper resistance. If this happens we can enter long. Targets and take profit level are shown on the chart.
EURCAD was trading downward direction and was respecting falling trendline. And now break through falling trendline and currently creating strong support around 1.4580 region. Will it grown from this region ?
Measured move suggest a30% move to the upside, there are also other layers of multiple confluence but we will save that for another day ...