Just playing with angles and potential trend lines. Nothing serious. I don't trade it and I made it only for fun/research purposes. It would be fun if it plays out ;-) Potential bottom according to this scheme is 5200-5350 on 2018-08-25 to 2018-09-04 and bounce back to 7400.
Hey traders. Displayed clearly is a descending Wedge with a risk/reward of 1:5 as Audcad rests just above weekly support at 0.96000. Corrective structure seems to be near completion pressing upwards nearing the Descending Resistence Trendline. There seems to be more conluence as the bullish flag becomes more clear, I will be anticipating this to be a scale...
As we predicted it earlier Bitcoin's uptrend faces some barriers around the 8.4 k USD area and is now in correction. As we can see on the chart an uptrend reversal movement is already on. But still there is no a 100% confirmation for it and we might see some other downtrend move depending on the strength of the bears and their dominance over the bulls. A rising...
Good day! Here we have gcad forming a descending wedge. I would be forcasting one more Lower low to test previous area of support ,a regection(box Zone) followed by bullish momentum.A break lower and retest would be a good zone to short should Sterling show weakness. BOC news could be the catalyst for this pair. Both targets displayed
We're seeing possible another leg down as a breakout of descending triangle OR this is a formation of falling wedge? Tread with caution if shorting.
As I had said an idea or so ago we will likely fake a breakout once or twice to reset rsi and stochrsi levels before w have enough momentum to break above the neckline of the inverted head & shoulders pattern. What was once looking like your average bull flag has morphed into a sort of small falling broadening wedge and now are 4hr stoch rsi is ready to go up...
BTC blasting through resistance today. Heavy resistance at 7.4k Looking optimistic so far.
After 4 or so 4hr candles closed above the previous top trendline of the falling wedge with no volume to go with it, it became apparent that the falling wedge may be wider than originally anticipated...I have since switched the trendlines from the bodies to the wicks which has now create a much longer falling wedge as well, and we can see we are still very much...
4hr chart has the price action respecting the trendlines of a falling wedge/bull pennant. I don't foresee any bullish breakoutt hat may come from this pattern being anything substantial..especially the closer it gets to the apex the harder it will be for a breakout to lead to any sort of higher high. If a breakout does occur I anticipate it will most likely form a...
watching these levels would coincide with wyckoff spring and positive news catalysts (tether audit, eth=commodity, mt gox whale being stopped, eth scaling, possible ETF, etc.)
All in the chart :) All the Best from the Crypto space Alteroc
Gamestop seems to be among the most hated stock out there. It is tanked so low that is unbelievable. However, what is surprising is that the stock is trading far below its book value and it has a PE ratio of 4 which is also unbelievable. The reason was mostly because the company was not run in an optimal way. However, that is about to change. New CEO has just...
NEOUSD is close to long term support and has formed a falling wedge. Selling volume is decreasing and the price is far from the volume weighed average price. It's very likely that NEO is reversing soon. Good luck
Should this rising wedge complete successfully we might see another drop in next day or two. However, level around 400€ is pretty stable support so it probably won't fall through so easily. Nice day and careful trading, Jure
On the daily time frame we see a falling wedge formation happening. (This is not financial advice, this is a volatile market where anything can happen)