I'm still new and learning TA, but what do you guys think? Is this a falling wedge/ ascending triangle breakout?
Falling wedge pattern only has 8% - 10% failure rate. Good to enter on breakout with volume for confirmation. ###NOT FINANCIAL ADVICE###
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.
Please support this idea with a LIKE👍 if you find it useful🥳 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...
Reason: 1. Mitigated 4H OB 2. Price created divergence 3. Bullish falling wedge pattern
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...
Stock has broken a 4 Year Wedge Pattern and now going sideways. Buy at 477 for a target of 666/703 in the short period of time.
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...
Hello traders! My analysis showed me falling wedge on 2H timeframe. Let me know your ideas and opinions on this move. Have a great day!
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 . . . 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 ...
XRP seems to be in a falling wedge, let's see if it bounces and breaks out.
Trading Signal Time Akro Usdt Entry: 0.025 to 0.02 Tp: 0.041 Tp: 0.047 Tp: 0.051 Tp: 0.061 SL: 0.009
CLNE is one of the attractive stock these days. On CLNE, a further falling wedge reversal pattern can be seen. The chart pattern target will be $16.