Everyone is extremely bullish right now and is saying the bottom is in. But I am still very sceptical. We are having a relief uptrend as predicted in my last analysis. The downtrend is really strong and there is absolutely no sign of a trend reversal at this moment! As you can see on the weekly chart, we have an incomplete falling wedge pattern and clearly...
Breakout of a Falling wedge, Price creating new demand we can go for long trade at 0.618 fib level after conformation. Trade safely guys and let me know your views in the comments section.
#HNT/USDT $HNT broke out from a long-term falling wedge pattern. now price is in pullback to confirm the broken line as support. 🐮 holding above upper line of the wedge can increase price by at least 80%
#RLC/USDT $RLC is inside a falling wedge pattern, above the lower line, and below the resistance zone. 🐮 break out from current resistance zone will increase price toward upper line of wedge, and if successful to break it out, it will continue the upward move to prices above $1.7. 🐻🐮 rejection from current resistance can drop price to lower line of wedge which...
if BTC continues up it will drag ALTS with it. be careful of false breakouts. we are trading against the elite, a school of sharks out to trick you out your money. practice risk management. trade safe
Cup and & Handle pattern on the Daily timeframe. Currently forming a falling wedge pattern for the 'Handle' part of the cup. Looking primed for a move up. I predict more consolidation until the end of September where the 'Merge' and Shibarium are rumored to come out. Wealth transfer here we come. When this makes a massive move to the upside know that God is the...
Hi All, So it looks like our corrective impulse wave has nearly completed and hopefully we'll see the printing of a higher low which would give us a positive assumption that BTC's bottomed out. I expect BTC to be range bound for the next few months as it complete's the ABC legs before it can break out it's falling wedge pattern. Expect to see much more...
Looking at Trading a possible falling wedge and double bottom on AUD/USD today in the 4-hour chart. My bias is still in fact, bearish. Prices are still moving lower and on the Daily chart, we can see we have a nice gap where prices can still fall right down to the 0,668 price level. So, looking for longs right now is all very well and good, however, we have to be...
SPX500, together with Nasdaq, has incredible power and is a great opportunity for traders and investors. On the 4h/daily chart, we have a descending broadening wedge, so you can wait for a breakout of this pattern to enter a long position. According to my Elliott Wave analysis, an ABC correction has ended, and there is a strong possibility of a new impulsive...
Chart shows the possibility of the falling wedge pattern and the targets.
the description is posted on chart , read it and it is only an idea.
The idea here is about :Tata Consumer Product Ltd. I thought of publishing this to show the beauty of how the trend is interconnected with harmonic, wave patterns & market sentiments. Below are the points taken from the chart: 1. On 15th September 2021 downtrend channel begins & till 16th November 2021 chart completes double top & Bearish ABCDE pattern. 2....
Hello my Fellow TraderZ, $ROSE is looking Beautiful on 4HTF... Reasons to take LONG Trade : 1. Formation of FALLING WEDGE pattern, broke, retest in progress 2. Lying on strong 4H Support 3. Bullish Divergence can be spotted easily on 4H NOTE : Use tight SL
BTC Dominance is consolidating inside a falling wedge and is currently at the range low and also, BTC.D reverses during every septembers across the years. Also, Alts are overvalued against Bitcoin and i am pretty confident about the upcoming Dominance move.
The charts never lie and, as you can see, the bulls successfully defended the 200 weekly moving average and previous swing high from 2018. We didn't even close a candle below the 200MA! We need to keep in mind that the 200 weekly MA is the strongest MA of all of them, and this zone is considered a strong support by huge institutions and hedge funds. If we drop...
#BLZ/USDT $BLZ is about to break out the falling wedge pattern. 🐮 break out from this pattern will increase price to upper resistance zones, first resistance zone is around 0.105 which is the same with descending trend line. 🐻🐮 if price won't be successful to break out now, it will drop to the lower line that giving us a better entry then attempts to break out...
Great news for all Litecoin hodlers and traders! As per my technical analysis, this downtrend established in 2018 has finally finished! This is the LTCBTC pair on the weekly timeframe. It means that it would be better to hold LTC instead of BTC. But there is no guarantee of the USDT value of your holdings. Regarding my Elliott Wave analysis, a major impulse...
#ALPACA/USDT $ALPACA is trying to break out from falling wedge pattern. 🐮 close a weekly candle above upper line of wedge will confirm the break out and after a pullback price will fly to resistance zones above. if this weekly candle couldn't break out it will fall to lower line, then we will see another attempt for breaks.