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Falling Wedge

FILUSDT — the formation is repeating, the structure is familiar.Filecoin(FIL) - is a decentralized storage system with the goal of "storing humanity's most important information." During its initial coin offering (ICO) in 2017, the project raised $205 million. The launch was initially planned for mid-2019, but the mainnet launch date was postponed until block 148,888, which occurred on October 15, 2020. 📍 CoinMarketCap : #50 📍 Twitter(X) : 667.3K 🔍 What I observe: I’ve added the full trading history to the chart for better understanding (the chart on exchanges is cut off). The coin is liquid. I also added the prices for the public and private offerings. There’s a large horizontal channel, or more specifically, a channel within a channel, which has been active for about 1111 days. After another drop, a descending wedge formed, and now we are witnessing a breakout of its resistance (a retest is possible). These patterns are ones I regularly track and trade, based on personal experience accumulated over the years and my strategy. 📊 I’ve plotted the nearest resistances and target prices with movement percentage calculations. 💭 It’s quite possible that this formation in the lower part of the wedge, coinciding with the area of lows on the support of the outer channel, was used to gather liquidity and shake out weak hands. I also want to point out the large wicks in this zone - a characteristic pattern for accumulation points and subsequent reversals. ______ 📌 Not financial advice. Observing structure and recurring phases. Operate within your strategy and with an awareness of risks.
Long
by KECapital
EUR/JPY 1H: Bullish Falling Wedge Breakout + Target 🧠 Overview of the Setup The EUR/JPY currency pair has recently completed a Falling Wedge pattern, a classic and powerful bullish reversal formation. This chart structure typically signals the end of a downtrend and the potential beginning of a strong upward impulse. In this setup, multiple confluences point toward a bullish move, including pattern breakout, structure shift, retest of a dynamic support level, and alignment with major supply/resistance zones. 🔍 Pattern Analysis: Falling Wedge Definition: A falling wedge is a technical pattern formed by two downward-sloping trendlines — one representing resistance and the other support — that converge. It signals a slowdown in bearish momentum, often preceding a bullish reversal. Chart Observation: The wedge is well-defined, spanning several trading sessions. As price action tightened toward the apex, bearish momentum began to weaken. Breakout Trigger: Price broke convincingly above the upper wedge boundary, suggesting the start of a bullish reversal. ✅ Implication: The breakout confirms that buyers have taken control, especially as this move is supported by a structural Change of Character (CHOCH). 📈 Price Action Structure & Key Zones 1. Minor Resistance (Broken) After the breakout, price encountered a minor resistance zone just above the wedge. This area is now likely to flip into support (a classic breakout retest). 2. Major CHOCH (Change of Character) A CHOCH indicates a break in market structure — from lower highs and lower lows to higher highs and higher lows. The break above this level confirms a shift from bearish to bullish sentiment. 3. Curved Support (Black Min Curve) A rising curved trendline has formed below current price, acting as a parabolic support structure. This suggests not just a trend reversal, but increasing bullish momentum, as buyers step in at higher levels with each correction. 4. Major Resistance Zone (Target Area) Price Target: ~164.50 – 165.50 This zone has historically acted as strong supply and is marked for potential take-profit or observation for reversal signals. The target is derived from both horizontal resistance and the projected height of the wedge pattern. 🎯 Trading Strategy Component Details Entry Zone 162.50 – 162.60 (retest of minor resistance + curve support) Stop Loss Below 162.00 (beneath wedge and curve) Take Profit 164.50 – 165.50 (major resistance) Risk/Reward Approx. 1:2.5 to 1:3 🔸 Conservative Entry: Wait for bullish confirmation (bullish engulfing candle or pin bar) on the support retest. 🔸 Aggressive Entry: Market buy after confirmation of curve bounce or on lower timeframe bullish signals. 📊 Volume & Momentum Consideration Although volume isn’t shown on this chart, volume confirmation on the breakout would significantly strengthen the bullish bias. Look for: Increasing buy volume on breakout Lower sell volume on pullbacks Bullish divergence (if using RSI or MACD) ⚠️ Risk Management & Event Awareness Be cautious of unexpected JPY-related economic releases (e.g., BOJ announcements, inflation data) that may cause volatility. If the curved support is broken decisively, this could invalidate the setup, suggesting further consolidation or downside risk. 🧠 Psychological Perspective The Falling Wedge reflects a market where sellers are gradually losing control — pushing price lower, but with less conviction. As the wedge tightens, bulls prepare to step in. The breakout confirms that sentiment has shifted, and many traders use such setups as entry points for swing or momentum trades. The curved support line suggests a transition from accumulation to markup phase, which typically leads to faster price expansion as confidence in the uptrend grows. ✅ Summary ✅ Pattern: Falling Wedge (Bullish) ✅ Breakout: Confirmed with CHOCH ✅ Support: Curve trendline acting as dynamic support ✅ Target: 164.50 – 165.50 major resistance ✅ Bias: Bullish (until curve support is broken) 📣 Final Thoughts This is a high-probability bullish continuation setup backed by price structure, pattern breakout, and support alignment. The risk is well-defined, and reward potential is strong — making this a favorable setup for swing traders or short-term position traders. 💬 Let me know what you think in the comments — are you going long EUR/JPY? 👍 Like and Follow for more setups and breakdowns.
Long
by GoldMasterTrades
GOLD → Short squeeze before a drop to 3150?FX:XAUUSD is consolidating. The market needs a driver, but due to the unstable fundamental background, traders have switched to a wait-and-see mode. Consolidation could turn into strong movement at any moment. But in which direction? Gold under pressure: the market is waiting for signals from the Fed and negotiations. The dollar is putting pressure on the market amid expectations of trade negotiations with India, South Korea, and Japan, as well as statements from the Fed.Earlier, the metal was supported by the weak dollar after Moody's downgraded the US credit rating, but growing interest in risky assets and hopes for peace between Russia and Ukraine reduced demand for gold. Key factors — negotiations and comments from the Fed — will continue to influence the dynamics of the dollar and gold. Technically, the price is in a downtrend and within consolidation. A breakout from consolidation could be accompanied by strong momentum, but I believe that there will be no countertrend movement and that a retest of resistance could end in a decline... Resistance levels: 3265.5, channel resistance Support levels: 3206, 3153 The most likely scenario within the bearish trend is a short squeeze and a downward breakdown from the triangle (the fundamental background and economic risks are slowly but surely declining, and gold may lose value). A false breakout of 3250-3265 could trigger a continuation of the trend towards 3150-3120. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
23
Coiling for a Breakout – Watch This LevelAfter a strong upward move, BYBIT:SUIUSDT is currently consolidating in a sideways range, forming what appears to be a falling wedge pattern — a classic bullish continuation setup. If this pattern plays out, there's a good chance the price will resume its uptrend, supported by a bullish divergence forming within the wedge. The key level to watch is the resistance at 4.0040. A clean breakout above this level should be backed by strong momentum. However, if the price breaks above but quickly drops back below 4.0040, it could signal a lack of buying pressure — increasing the risk of a failed breakout. This bullish scenario remains valid as long as the price holds above 3.5868. The next potential upside targets are 4.7996 and 5.0552. Keep an eye out for a high-volume breakout and a strong candle close above 4.0040 to confirm the move. What’s your take on BINANCE:SUIUSDT ?
by EkyFabyanto
PENDLEUSDT → Resistance retest. One step away from distributionBINANCE:PENDLEUSDT is preparing for distribution after a prolonged consolidation. The price is testing a key resistance level, which, if broken, will trigger a rally... The coin is breaking through the flat resistance and consolidating above the upper border of the range. The key level is 4.400. If the bulls hold their ground above this level, the growth may continue. Bitcoin is showing bullish dynamics, which supports the altcoin market. The bullish trend may continue in altcoins as well. Pendle may move from consolidation to distribution. Resistance levels: 4.32, 4.400 Support levels: 4.024, 3.622 If the coin manages to consolidate above the key resistance level, thereby confirming the breakout, the price may move to aggressive growth. In this case, the target could be 4.800. Best regards, R. Linda!
Long
by RLinda
4
GOLD → Retest of trend resistance before declineFX:XAUUSD is recovering amid uncertainty, but there is a fairly strong resistance zone ahead that could hold back growth and trigger a decline... Since the opening of the session, the price has recovered slightly after a week-long decline. Growth is being held back by two-sided risks: on the one hand, pressure on the dollar and Moody's downgrade of the US credit rating are supporting the metal, while on the other hand, high bond yields and possible US trade agreements are limiting growth. Investors are awaiting new statements from the Fed and are monitoring US negotiations with key partners. Amid concerns about fiscal stability and weak economic data, gold may remain in positive territory, but positive trade news could turn it down again. Resistance levels: 3257, 3265 Support levels: 3206, 3153 A false breakout of the specified resistance will confirm the inability to continue growth. Consolidation after a false breakout of 3257 - 3265 below 3257 could trigger a reversal and a fall to areas of interest... Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
18
USDJPY → Support retest. Is the trend continuing?FX:USDJPY is storming key support within the local downtrend. Pressure is intensifying the dollar's decline... The dollar index is beginning to fall, which is also reflected in the currency pair. Selling pressure is intensifying. A local downtrend is forming, with an attempt to break through key support at 144.82, below which the path to 143.4 - 142 opens up. Consolidation of the price below 144.82 could intensify the sell-off. Resistance levels: 145.34, 146.07 Support levels: 144.82, 143.44, 142.35 Global and local trends are downward, and the fall of the dollar can only provide additional resistance, which will intensify the sell-off. A break of key support and consolidation of prices below 144.82 will trigger further sell-offs. Best regards, R. Linda!
Short
by RLinda
14
ETH's situation+ Target PredictionThe COINBASE:ETHUSD is in a Bullish phase by a Falling Wedge Pattern. A falling wedge indicates the potential for price to reach to $2750. Note if the Wedge Pattern is broken downwards with the strength of Bearish candles , this analysis of ours will be failed. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:ETHUSDLong
by CobraVanguard
GOLD consolidated below a key level on FridayGold is in a downtrend forming a counter-trend correction. Friday's trading session closes below the key level of 3203-3205. Buyers are weaker than sellers. But, before the continuation of the fall MM is quite likely to test the resistance to provoke ordinary buyers before the fall Scenario: the growth attempt may turn out to be false. A retest of 3203 resistance, a false breakout and price consolidation below 3203 is a sell signal. Additional scenario: MM trap to provoke buyers to buy. A retest of the far resistance 3230, a false breakout and a price fixing below 3223 could start a decline
FX:XAUUSDShort
by AndeWave
3
OP/USDT Breakout Alert!!🚀 OP Breakout Alert – 100% Potential Incoming?! 👀🔥 Hey Traders! If you're all about high-conviction plays and real alpha, smash that 👍 and tap Follow for more setups that actually deliver! 💹💯 OP has successfully broken out from the falling wedge pattern on the daily timeframe, which historically signals a strong trend reversal. After retesting the breakout zone, price action looks ready for a fresh upside move! 🔹 Entry: CMP and add more up to $0.76 🎯 Targets: → $0.98 → $1.21 → $1.43 → Final Target: $1.64 🛑 SL: $0.688 ⚙️ Leverage: Low leverage (Max 5x) 📊 Structure: Falling wedge breakout ✅ Retest holding strong ✅ Volume starting to pick up 📈 We’re watching closely—this setup has the potential to mimic the last 114% rally. Let's see how it unfolds! 🚀 💬 What’s your take on OP from here?
Long
by CoreCrypto1
Optimism (OP) Falling WedgeBINANCE:OPUSDT is attempting a breakout from a 14 months long falling wedge. A sustained break above the resistance in the near term would set the target at $3.80, just shy of the main $4.00-$4.80 supply zone. Key Levels to Watch • $0.55-$0.60: Main demand zone and invalidation point for the setup • $1.00-$1.20: High Volume Node and key S/R dating back to June 2023.* • $2.50-$2.80: High Volume Node and wedge high point.* • $4.00-$4.80: Main supply zone. * These could offer resistance and represent good levels for partial TPs.
Long
by AliferCrypto
SUIUSDT → False breakdown of support before growthBINANCE:SUIUSDT has entered a consolidation phase within a bullish trend. The chart shows a zone of interest and a trigger area that are worth paying attention to... The coin looks quite positive. An upward trend is forming, which is also supported by the growth of Bitcoin and a relatively positive fundamental background. Technically, SUI is consolidating between 4.110 and 3.811. Below the support level, a huge liquidity pool has formed, which has not yet been tested. There is a high probability of a false breakdown before the growth continues, but if the market turns out to be more aggressive, buyers may not let the price fall to 3.811, in which case we can consider a breakout of the resistance at 4.11-4.275 and consolidation of the price above these levels with the aim of continuing growth. Support levels: 3.811, 3.667 Resistance levels: 4.11, 4.275 The movement of Bitcoin shows that the market is gathering liquidity as part of a local correction against the backdrop of a bullish trend. Yesterday, we all witnessed a local liquidation, but there are no reasons for a decline yet. SUI, in an ideal scenario, may test support at 3.811 and form a false breakdown before continuing to grow. Best regards, R. Linda!
Long
by RLinda
12
VIRTUALUSDT can derail support with momentumVIRTUAL is consolidating after the rally, but it cannot continue its growth yet. A descending triangle with a clear base support and a fourth retest relative to 1.877 is being formed, which in general only increases the chances of support breakout and decline Scenario: if the compression of this format (within the descending triangle) continues and the price continues to compress to the support at 1.877, then in this case it will be possible to catch a breakout through a limit order. A sharp impulse is possible. As the first target I will wait for a decline to 0.5 fibo (1.73)
Short
by AndeWave
8
Breakout Confirmed: XRP on the Move Toward $4+🚀 XRP Breakout Alert – 70% Potential Incoming?! 👀🔥 Hey Traders! If you're all about high-conviction plays and real alpha, smash that 👍 and tap Follow for more setups that actually deliver! 💹💯 📈 XRP/USDT – Breakout Alert! 🚀 XRP is breaking out from a long-term falling wedge pattern on the 12H timeframe, signaling the potential for a strong bullish move ahead! 🔹 Entry: CMP $2.39 – Add more up to $2.32 🔹 Targets: • TP1: $2.85 • TP2: $3.32 • TP3: $3.78 • TP4: $4.13 🔻 Stop-Loss: $2.09 ⚙️ Leverage: Up to 5x (Trade responsibly) This structure mirrors the previous 70%+ pump from the same wedge formation. History might just be ready to repeat. 👀 Let’s ride this breakout with tight risk management! 💥
Long
by CoreCrypto1
AXL/USDT – Falling Wedge Breakout! Time to Ride the Wave!!🚀 AXL Breakout Alert – 100% Potential Incoming?! 👀🔥 Hey Traders! If you're all about high-conviction plays and real alpha, smash that 👍 and tap Follow for more setups that actually deliver! 💹💯 AXL has broken out of its long-term falling wedge pattern on the daily timeframe—this is a strong reversal signal and could set the stage for a big move ahead! 🔥 🟢 Entry Zone: CMP (Current Market Price) Add more up to: $0.38 🎯 Targets: 🎯 TP1: $0.515 🎯 TP2: $0.634 🎯 TP3: $0.751 🎯 TP4: $1.007+ 🛡️ Stop Loss: $0.325 (below wedge support) 💡 Insight: This breakout is aligning with the overall bullish momentum we're seeing in the altcoin market. Watch for a healthy retest of the breakout zone to confirm strength. 🚀 📊 Risk Management Tip: Start taking partial profits at each target and trail your SL to lock in gains. Let’s ride this breakout smartly! 🔥
Long
by CoreCrypto1
PNUT/USDT: FALLING WEDGE BREAKOUT ALERT!!🚀 PNUT Breakout Alert – 100%+ Potential Incoming?! 👀🔥 Hey Traders! If you're all about high-conviction plays and real alpha, smash that 👍 and tap Follow for more setups that actually deliver! 💹💯 PNUT has officially broken out of a falling wedge structure — a bullish reversal pattern we've been eyeing for weeks! After weeks of consolidation and pressure along the wedge resistance, the price has now made a clean breakout with increasing volume. 🔹 Last time it broke out from this zone, we witnessed a massive 109% move. 🔹 Currently, it’s showing a similar breakout structure with room for a big upside move. 🔵 Entry Zone: $0.158–$0.162 🎯 Targets: • Target 1: $0.21 • Target 2: $0.27 • Target 3: $0.31+ 🛑 Stop-loss: $0.142 📊 Leverage: 3x–5x (low to moderate risk) ⚠️ As always, manage your risk and don’t chase pumps. Setup looks strong as long as the breakout holds and we don’t see a fakeout candle back inside the wedge. 📍Let me know what you think — will PNUT fly again?
Long
by CoreCrypto1
2
HOOD daily chart: breakout or fakeout? Key zone approaching.Robinhood's stock has formed a falling wedge pattern on the daily chart, indicating a potential bullish reversal. The price has broken above the 0.618 Fibonacci level at $44.00, suggesting further upside potential. Next targets are $48.40, $52.79, $58.22, and $67.00. RSI and MACD indicators confirm bullish momentum.​ Fundamental Factors: Robinhood continues to show revenue and profit growth, supporting positive investor sentiment. The company is expanding its services and attracting new users, strengthening its market position.​ Scenarios: Main scenario: continued rise to $48.40, then to $52.79 and higher.​ Alternative scenario: pullback to $39.71 with potential decline to $36.00.​
NASDAQ:HOODLong
by TotoshkaTrades
UJ Impulse Wave 5 IncomingFX:USDJPY seems to have finished Wave 4 being a Correction Wave of the Elliot Wave Theory and looks to be prepping for the start of Wave 5 being an Impulse Wave! Now Price has not only made a 38.2% Retracement to 143.6 of the 145.941 Swing High that ended Wave 3 but is testing Break of Previous Structure being Past Resistance attempting to turn it into Support if enough Buyers enter the market in this opportune area. Price Action during the Correction of Wave 4 has formed a Falling Wedge Pattern, typically seen as a Continuation Pattern. For this to be fact, we will need to see a Bullish Breakout to the Falling Resistance followed by a successful Retest of the Break where the Long Opportunities should present themselves. Once Wave 5 is confirmed, we can expect Price to work from here and potential reach the Potential Range Target of ( 148.662 - 150.245 )
Long
by Novi_Fibonacci