Get started

Falling

🔥 Arbitrum: Falling Wedge Waiting For Break OutARB 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 volatility. Personally, I'd expect ARB to go lower in the near future and consolidate within the outer point of the pattern. Classically, falling wedges are bullish reversal patterns, so a bullish break out could lead to some decent gains, will make a new analysis once were there. For now, keep an eye on this pattern in anticipation of a break out in the coming weeks.
by FieryTrading
5
BTDUSD - Bitcoin On the verge of a pennant breakoutNot 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 been a bullish divergence developing over the past couple of months as well. I favor a bullish breakout rather than a breakdown. IF we fail breakout, it'd likely fall within range and test bottom of the wedge before an expected bounce. Market is just boring but not bearish. Remember the trend is your friend. We are currently on an upward trend so we favor bullish scenarios. For Lazy people: Bullish Scenario: Buy: 27k IF we get strong volume or follow-up volume. WAIT For candle close and don't chase it unless you're willing to take on additional risk. TP1: 28K TP2: 30K TP3: 35-36K~ Bearish Scenario: Short: 26.8-27k (short now if okay with risk, otherwise wait for confirmation of top of wedge as resistance aka Candle close) TP: Bottom of wedge / 0.5 FIB zone 24-24.5K
Long
by TaoXBT
🔥 HBAR Falling Wedge Reversal Signal: Patience!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 the recent low, target at 2023 top. Risk-reward of >7 is very respectable for this trade.
Long
by FieryTrading
11
🔥 ICP Falling Wedge Break Out: High Risk Reward PotentialICP 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 optimal risk-reward of 11.18, but could be 6.20 or 5.45, depending whether you want a higher probability trade.
Long
by FieryTrading
4
🔥 OG Falling Wedge Break Out After +400% PumpOG saw a huge move last week where it gained more than 400% in less than two days. Since that time, OG has been steadily selling off and lost over half of its value. However, OG has been making a falling wedge pattern during that fall. With both BTC and ETH seeing incredible gains, it's in my eyes a matter of time before we get some kind of pump on OG. We're currently in the process of breaking out of the falling wedge (a bullish reversal pattern). In case we can close the current hourly candle above the pattern's resistance, I'm aiming for the targets in blue. OG is a highly volatile token at the moment, be aware.
Long
by FieryTrading
5
FTNT - Breakout Ceiling Falling Trend- FTNT has broken through the ceiling of a falling trend channel in the medium long term. - The stock has met the objective at 57 after a break of the double bottom formation. - The price has now fallen, but the formation indicates further rise. - The stock has support at 63 and resistance at 71. - The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
NASDAQ:FTNTLong
by wavepoint99
🔥 Arbitrum Falling Wedge Success: New All-Time High?In my last ARB analysis I talked about the falling wedge and the break out that I anticipated from said pattern. Both targets were hit with ease, congratulations if you took the trade. For now, I think the bull trend will continue. With BTC edging up and higher time-frames not even being overboughton ARB, there's a very decent probability that we're going to move towards the current all-time highs on the chart. However, on lower timeframes the ARB chart is overbought, so we might see a minor pull-back towards the yellow support area. Targets in blue. If BTC can confidently break above $30,000 we might see some huge buying power going to alts, which could even bring ARB to >$2, but that's for a later analysis.
Long
by FieryTrading
34
🔥 Arbitrum Falling Wedge Bullish Break OutRecently I made an analysis on ARB and the fact that it seemed to start a new bullish trend after it bounced off a Fibonacci support. Whilst it came close to the target, Bitcoin's bearish price action drove ARB's price further down. However, it appears that ARB is currently on the verge of breaking out of a falling wedge, which is classically a bullish reversal pattern. Be patient for the break out to occur. Targets in blue.
Long
by FieryTrading
9
AMZN - Falling Trend [MIDTERM]- AMZN shows weak development in a falling trend channel in the medium long term. - This signals increasing pessimism among investors and indicates further decline for AMZN. - However, the price has broken a resistance level in the short term and given a positive signal for the short-term trading range. - AMZN is approaching's resistance at 100 , which may give a negative reaction. - However, a break upwards through 103 will be a positive signal. - Overall assessed as technically negative for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
NASDAQ:AMZN
by wavepoint99