Recently had a pattern breakout to the upside. I am expecting price to retrace a little before couniting to the target zones. With the breakout there was also a shift in market structure so there is a strong chance of a pullback before the push which we have started to see already (see image below) We will experience some resistance as there is a smart...
Falling Wedge Chart Pattern in 30min chart NYMEX:CLQ2023
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to the new BTC update. The previous BTC update plays out perfectly. Do check it out, if you haven't yet (Link given below) Now, let's analyze what's the next possible scenario from here. As you see in the chart, BTC breaks out the falling wedge in a 12hr time frame...
Today I opened a short on BTC, and in this analysis, I will tell you why. In the previous analysis called "Bitcoin - The biggest bull trap in history!" I told you I wanted to short Bitcoin at the 0.618 FIB retracement; today we reached the important level and took liquidity above the previous swing high. Now everyone is extremely bullish, and it's time to short...
OANDA:XAUUSD breaks support after another retest of the 1939 level. Consolidation is forming and the price is headed down. What can happen and what should we be prepared for? There is a large pool of liquidity below the 1925 area, and if it touches this level, the volumes may surge and the volatility may increase. The price may retest the previously broken...
I Like to trade Low Capitals in Kucoin, this coins are very volatile and risky, we are going use ONLY 1% of our portfolio and enter if there is a breakout at 0.04256 (Stop Limit Buy). Possible reward between 18-75%, stop lost -33%. If you do not know how to buy breakouts please ask your questions in the comment session.
If price manage to break the falling Wedge . the price can easily reach the target after a little correction. 🌟 Bullish signals in the PRZ area are: - Support zone - Pivot - Bullish Channel - falling Wegde - bollinger band - 5th Waves ⭐ and the bullish signals of market momentum are: - Regular divergence in MACD ➡️ Note if the PRZ is broken downwards with the...
XTZ (Tezos) is currently exhibiting a falling wedge pattern combined with a double bottom formation, which suggests the potential for a bullish reversal in the future. This technical setup indicates that selling pressure may be waning, and buyers could potentially regain control. Considering this pattern, it is reasonable to set a price target of $1.20 for...
OANDA:XAUUSD still looks quite bearish. The bulls continue to hold the 1939 level and then we are reminded of the Market Maker traps. What could happen? We continue to see a strong consolidation, which is formed by dynamic sellers and limit buyers, who put limit orders in the 1939 area (there was a false breakout earlier). There is a huge volume of...
BINANCE:KLAYUSDT has been forming a downward range for several months. After touching the lower boundary of the wedge, the price forms an active strengthening and breaks the resistance of the range. What to expect from the coin? Above the level of 0.1551, near the wedge resistance, a pre-break consolidation is formed. Today we see the realization of the...
The 8 hour chart shows a rising wedge. Its 1.5x target lies near the bottom of a larger falling wedge as seen on the daily or weekly charts. Short until reaching the bottom of the wedge, then long.
Bitcoin has been falling over the last few days, even more so with the SEC news accusing cryptocurrency exchanges BinanceUS and Coinbase. Looking at the chart we are inside a falling wedge pattern that usually breaks upwards, we also have strong support in the 25k region which coincides with 0.382 of fibo. Comparing the market in general, such as SPX500, Nasdaq,...
There´s a possibility of getting out of this SEC news FUD mess if we confirm the falling wedge and get breakout of it. Just recently, on the daily chart BTC printed a triple bottom which is quite a bullish pattern showing some buying interest in this area. If we go below 24/25k we are surely still in a bearmarket. If we break out of this falling wedge prepare...
Hey traders! Today, I want to discuss an intriguing chart pattern I've identified on $1INCH. Let's explore the falling wedge pattern and its implications, particularly in relation to the parabolic trend. 📊💡 Pattern: Falling Wedge 📉🔽 Symbol: CRYPTOCAP:1INCH 💰 Overview: A falling wedge is a bullish chart pattern characterized by converging trendlines, with the...
Gold price (XAU/USD) saw buying interest around $1,947.50 in the London session, climbing above the crucial resistance of $1,950.00. Investors anticipate only one more interest rate hike from the Fed this year. S&P500 futures extended their downside journey as investors became cautious ahead of the extended weekend in the US due to Juneteenth. HSBC economists...
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. In my previous BTC update, I told you to buy around $24.8k level. Hope you bought some and made nice profit so far. According to the chart, BTC breaks out from the falling wedge like structure in 4hr time frame. Currently, holding the...
Hey traders! Today, I want to share an exciting chart pattern I've identified on CRYPTOCAP:BTC (Bitcoin). Let's dive into the falling wedge pattern while considering the significance of holding the parabolic trend. 📊💡 Pattern: Falling Wedge 📉🔽 Symbol: CRYPTOCAP:BTC 💰 Overview: A falling wedge is a bullish chart pattern characterized by converging trendlines,...
Hey traders! Today, I want to bring your attention to an intriguing chart pattern on $POLS (Polkastarter). Let's dive into the falling wedge pattern and explore the potential for a bullish reversal. 📊💡 Pattern: Falling Wedge 📉🔽 Symbol: $POLS 💰 Overview: A falling wedge is a bullish chart pattern characterized by converging trendlines, with the upper trendline...