BTC still bearish so this trade should be taken only by small amounts or low leverage. According to the graph it formed a falling wedge pattern and already had a breakout. If this is really a wedge it make sense to bounce on this low timeframe bullish OB as it also created a break of structure. Always put a stop loss and make sure to only have low leverage on...
Patterns Identified -Falling Wedge & Bullish Engulfing patterns weekly chart! QCOM filled a gap from November 4, 2021. I can clearly see that QCOM is going through price correction (ranging). If you take a closer look it has popped out of the upper trend line slightly. Take a look at the yellow box to verify. I've identified a bullish engulfing that leads me to...
EURNZD is in a correctional phase right now, and I will be looking to buy to the up side
Will Price continue in the wedge and maybe a possible breakout to the upside for trend continuation or break out to the downside towards the weekly support? This is another trading opportunity for crypto and Binance traders. Binance has been in a falling wedge on the 4hr after printing a head and shoulder pattern on the weekly timeframe... If going in for a Buy,...
On the monthly timeframe, the price got a rejection from the 0.5 Fibonacci level and on the weekly timeframe, the price created a higher low. the price is creating a falling wedge on the 4h timeframe and now the price is testing the daily dynamic support. how to approach? IF the price is going to have a breakout from the falling wedge and retest the 4h...
As many of my followers know, I am typically not one to talk about stocks (as my username indicates, I largely talk about cryptocurrencies). However, I do typically make exceptions when the stocks deal with crypto and/or blockchain. In this example, I want to call out the falling wedge that has occurred with RIOT blockchain. Since the all-time high (ATH) at the...
Price action and chart pattern trading setup: > Falling Wedge pattern with bullish divergence signal > A possible dump & pump at volume profile point of control VP-POC? > Entry @ Falling Wedge Breakout? > 1st target @ upper resistance of parallel channel zone B and D position - upside +15% / +25% > Stop-loss @ C position zone - downside -7 /- 10% > Risk Reward...
The price is creating a descending channel on the daily timeframe and the price created a double bottom on the monthly support on 5.7$. On the 4h timeframe the price is trying to create a new higher high inside a falling wedge. After the first impulse the market is testing the 0.5 Fibonacci level. How to approach? The price needs to have a breakout from the...
BINANCE:LUNAUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $LUNA has formed a falling wedge which is bullish in majority; But as we all know, The leading bias on market is bearish. Also $LUNA is moving above a critical S/R zone and it's...
If we see a breakout of this in the next weeks, be ready to long this and go for a 3x maybe Big risk but R/R is quite good here imo lol I'm waiting for this scenario to be confirmed
We can see that 4 hour RSI is low and supported by a falling wedge pattern. Buy: 0.061 - 0.067 TP : 0.09 SL : 0.059
Falling wedge and break of resistance on the 4hr time frame.
currently, we are seeing the price trapped inside the falling wedge pattern and potentially move to the 0.88830 resistance level as the price target. I will wait for the price to break out of the resistance structure before placing any buy order. good luck traders! **Disclaimer** the content on this analysis is subject to change at any time without notice, and...
Chart is self explanatory. Don't invest and trade blindly.
SLPUSDT has now candle closed above the falling wedge pattern. Bullish divergence appearing as well in the 1H TF. We might reach the following levels: 0.0204, 0.0217, and 0.0235. High volume rally back in February 10 and it has been a low volume correction ever since. Big pump is incoming. If you bought SLP at the previous dip, it would be a 50% profit for short...
If the long term pattern is true then amazing 1110% is the target.
OKTA is bearish from both fundamental and technical perspectives. The falling wedge has a price target of $140 before a bounce and the company said billings rose 91% to $603 million vs. estimates of $497 million. Since the earnings are negative, 266Mil in 2021 and the Market Cap is high, 28.418Bil, OKTA is still a growth stock from which investors have high...
I can see a falling wedge pattern today... And i can see 1:2 RR. Whats your opinion on this prople??? I'm sure today is a sideways day.. let me know your opinion And let me know when do u enter?? Exactly at the Breakout or at the retest??