EURAUD is currently trading at a key level creating both buying opportunities and selling opportunities. it most recently created a falling wedge of the back of a bullish trend. It broke out of the wedge and I am anticipating further buying pressure to complete the pattern mentioned previously.
analysis:
-on 1D time frame we show a Golden Cross⭐️
-on 4H time frame we show a symmetrical triangle pattern
-on 1H time frame we show a falling in a opening wedge
For confirmation :
Wait for the insurance of technical patterns on small frames
, such as Double Bottom , Head and Shoulders , and others.
Targets:
TP1@0.93090
TP2@0.93800
TP3@0.94381
For more...
PRICE FORMED FALLING WEDGE TOWARDS, LARGER TIMEFRAME, SUPPORT STRUCTURE. SHOULD PRICE BREAK OUT OF THE WEDGE IMPULSIVELY, I WILL BE MORE THAN CONFIDENT TO SAY PRICE WILL GO UP.
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I expect a fall to $27,800 before rising again.
As indicated on this chart, we have a falling wedge pattern that price is stylishly following.
From my previous idea here,
I said a breakout from the 2nd triangle determines the next move. And I also made mention that if price breaks the 2nd...
Good day ladies and gents! Like Bitcoin, ETH has also formed a falling wedge pattern...more bullish then bearish! You can find a bullish divergence on the chart as well. That being said, I expect a break to the upside...16-20% potential move...so Bears Beware :)
Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :)
Peace Love Money ;)
Hi traders,
in the storm of bearish sentiment, i am still staying optimistic about btc.
I see some obvious similarities from the start of 2021 falling wedge and the recent one starting from May 19th.
Both patterns are confirmed with high selling volume and the weakening RSI.
However, 27K is very possible in order to complete ABCDE pattern, before breaking out...
AS the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price, a bullish divergence occurs.
This indicates rising bullish momentum.
In addition, the falling wedge is a bullish pattern regardless of what kind of market it appears in.
The break happens when a price goes through and stays above the resistance line.
Hello all! 😄
This idea is short, these are just some targets for GRT that I expect to see if ETH and BTC can maintain bullish momentum.
GRT (The Graph) is a solid investment in my opinion.
We have seen price action break out from current structure/descending channel-wedge shape.
Think about taking some profit at the ~💲1.18 level for safe...
BTC failed to break through 35k/0.5 fib level but seems like it will break through after a retest of wedge
BTC has also formed a symmetrical triangle on 1hr chart which can break either way, but looking at previous pattern which is falling wedge it shows more upside after the retest of wedge line which is shown below in chart:
example: (same chart)
...
It has a possibility of falling wedge breakout,delivery % was also high today,it may give a good breakout in near term
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consult your financial advisor before taking any decision
NSE:AMBER
Quick VeChain 4hr chart update with the Ichimoku Cloud:
VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating Short-Term momentum is downwards at the moment. Note that the Conversion Line (Tenkan Sen) is only sloping slightly downwards.
The Ichimoku Cloud Base Line...
Yesterday , I posted that there was an inverted cup and handle pattern forming in 1H timeframe of BTC, but since we are in an uptrend since last week, the probability of inverted cup and handle pattern forming completely and breaking it's neckline, is quite low. Within the inverted cup, there was a falling wedge pattern and BTC broke out of that wedge ...
![BTCUSDT: [2021-07-10] BTCUSDT, Bullish Divergence](https://s3.tradingview.com/t/tc0MPoEH_mid.png "[2021-07-10] BTCUSDT, Bullish Divergence")
