How confusing ETH/the whole crypto market can be these days?
Personally imo*, and by the way it looks for now, this is highly likely to be a falling wedge(I repeat HIGHLY likely!). This would be a good long shot at ETH, with a possible stop-loss, if and only if the bottom channel of the Falling wedge is decisively broken(Great risk/reward shot here). Why would...
I'm long again. After reviewing the post of some of my supporters, other opinions I value, and stepping back and looking again at my count I believe the bottom of 2 is still valid even though it slightly extended past the 78.6 Fib. If this level gets broken I'm out again to reevaluate the situation.
P.S. If we just double bottom I'm adding to my long position....
Good morning guys,
if we are looking at Cardano, I´d like to show how something that is called "Reversal Wedge" as many of you might know already. Currently looking at the H6 interval we have some good hints, that Cardano might form one of these, due to the last resistance bounce (Wedge High 3).
For further confirmation, please look yourself at the chart: We...
XRP/BTC has looked extremely bearish in 2019 but a reversal could be on the way soon. A falling wedge is forming on the weekly chart. The bottom of the wedge appears to end right in the buy zone (a full retracement of price in Dec. 2017). The top of the zone starts ar 2300 sats and ends around 1500 sats. If price breaks below that, who knows how low this can...
Is BTC setting up for one last dead cat bounce before the real fall?
I'd say it is by the look of this large falling wedge we have been forming.
Personally it seems to me that this bounce can at least retest 10k again.
What do you think? Will it break 10k? Could it reach 11k?
Leave your thoughts in the comments!
Larger pattern puts bitcoin in a Descending channel after a big run up towards $14k
As bitcoin is moving through the channel we can see a horizontal support/resistance box around $10,9k - $11,1k. After breaking out of this box a week ago, we touched the upper resistance of the channel and a new pattern started to form within the channel.
As of now it looks like...
On this chart I have identified a falling wedge. This is bullish by nature yet like any TA the market could prove to do something different. So with that in mind we need to keep an eye on the support and resistance levels. If there is going to be a breakout on the upper resistance we can expect a retest of that resistance to become support as...
BTCUSD Ascending Broadening Wedge/Falling Wedge 8.1k-8.6k Bottom
- Two Alternate Ascending Broadening Wedge Formations Drawn with decline leading into bullish Falling Wedge formation.
- Breakouts downward of ABW at ~10400 or ~9800.
- Per Bulkowski, average decline of Ascending Broadening Wedge is 17%
- Targets ~8640 and ~8140, respectively.
Pair : #FET / #BTC
Trading Platform : #Binance
RSI : 43
TA Notes :
- MACD : Looking bullish on the daily chart.
- RSI : Looking bullish too for the short the short term being in a neutral position form but going to move towards the overbought area in the mean time.
EMA : On the way to go below the price and if it can manage to be...
XLM / BTC is in a great Momentum. We have a very powerful standard highly BULLISH . A great FALLING WEDGE is ready to go. Worth the risk. Time to multiply our BTC!
Come on! Are you prepared for bigger BULLRUN of all?
Many ALTs are ready in accumulation to launch the biggest wave of all. Wave 3 is larger and more impulsive. I hope it's ready. 2020 we will be...
AUDCAD Forming falling wedge pattern in Daily Time frame
Wait for Break of falling wedge pattern then try to catch the move
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Share Our Chart on All Social Media.
For me, unless BTC does a breakout of this descending wedge in whichever direction, I am not going to place trades.
We need some serious up-volume, we already failed to form a good iHS and now face a lot of accumulated resistance.
Take care of those yellow trendlines and the orange accumulation zone. Trade safe.