Just updating that 30m chart, in which price action (micro triangle break) seems to be igniting the terminal leg downward v of the impulse wave 3 inner a right-angled structure, likely an expanding ending diagonal. Plus hidden divergence on Chaikin Money Flow.
We have a Bullish Bat with Hidden Bullish Divergence Visible on the 1 Hour just below the breakout point of a Right-angled and Descending Broadening Formation. If we bounce here it can result in Macro Moves.
It is very near time for HBAR to exit its Right-angled Ascending Wedge (also called: Right-angled Broadening Wedge). I'm expecting a bullish exit, though the opposite is possible. Everything points to the bull case here, we flipped resistance to support, and we've spent the last year above it, recently making higher lows. Now we have a potential inverted HS on...
This is an update to an couple years old ABCD setup on Amazon to remind myself that the ABCD is still in play and that we may be in the midst of forming a Partial-Rise at the PCZ within this Right-Angled and Ascending Broadening Wedge Visible on the Monthly Timeframe. If this plays out and we see price come Back Down to the Bottom Trendline we will have a High...
Weekly charts for both create a nearly identical pattern in a right-angled ascending wedge. Solana happened faster, HBAR is taking it's time.
What do we know about things taking their sweet time to move? The longer it drags on, the bigger the move.
Pattern similarities shared:
- both in right angled ascending wedges
- both made 3 pushes higher
- push 1...
HBAR / BTC weekly chart has formed a right-angled ascending wedge (RAAW) since double-bottoming, rising to new highs, and then creating support over its May-Aug 2020 highs.
Since peaking in Sept 2021, we've formed a corrective channel.
Exiting to the upside or downside of the channel could help indicate whether we maintain that support and see continuation...
Chart shows the possibility of the Right Angled Descending Broadening Wedge Pattern and it's target.
A right-angled descending broadening wedge is a bullish reversal pattern.
Chart shows the possibility of Right Angled Ascending Broadening Wedge Chart Pattern and it's target.
A right-angled ascending broadening wedge is a downward reversal pattern. The pattern is formed by two diverging lines, the support is a horizontal line and the resistance is an oblique bullish one, so it is an inverted descending triangle. ... Each line must be...
If you're gonna get in on it might as well try to go for a3 to 1 risk to reward stops below $284 this trade is pretty high risk as we're buying at a high but it could be worth it if you're safe.
We've broken down after a partial rise fakeout i'm going to be buying put options for this ticker as i'm really not that bullish on commodities anymore at the moment.
ETH is showing Bearish Divergence and a partial rise in a Right Angled and Ascending Broadening Formation and we just got confirmation to enter short near the support level in the form of a 4HR Dark Cloud Cover Closing.
BTC/USD is currently forming a textbook bearish continuation right-angled broadening wedge pattern; and we are now in what would be the final push up (potentially toward 8400-8500) before an eventual break of the support zone around 7800/7900 with a measured move around the $7100 region; which is confluent with historical price action and in the vicinity of the 50...
