In this chart we have observe a RISING WEDGE and we expectation it will go down after a certain level which is defined in the chart. No Divergence Spotted
In this analysis I'm going to make an educated guess at ETH's next bull-market top. I'm going to make the assumption that ETH will continue to trade within this rising wedge pattern. Naturally, this prediction will be invalidated once ETH deviates from this pattern. First of all, the time at which ETH will presumably top will be around the same time that BTC...
Hello,Traders! SILVER went down sharply And it is now locally oversold So after it retests the rising Support below I think that We will see a local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Rising wedges are classically bearish trading patterns, but can often break bullish during strong trends (same goes for falling wedges during bearish trends). As of yesterday, BTC has officially broken out of the rising wedge pattern that has been formed over 1.5 years. Bears have been looking at the pattern for a long time now, but are likely wrong on this...
In my most recent BTC analysis I talked about the fact that BTC managed to break out through the main bear market resistance, which made me switch bullish with a target of 40.000, which has played out well! For the time being, BTC has a bit of trouble getting through the top resistance of the rising wedge pattern. Personally, I'm anticipating a break out soon,...
Forming a rising wedge. On the Daily Resistance level. Div on RSI DXY looks like it might come down
Hello,Traders! EUR-AUD is going up now But the pair will soon hit A rising resistance so despite The fact that rising resistance Lines are less reliable I think That we might expect A local correction but Use low risk due to the Fact that the trade is A counter-trend one Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Traders! USD-CHF is going up now But a horizontal resistance is Ahead at 0.901 so when it Hits the level I think it will Make a local correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Price will test the upper line of the Rising Wedge after it bounces from the support of the price zone of 1.115
BNB has been trading inside this rising wedge pattern for several months now. Rising wedges are classically bearish reversal patterns, so that's the direction that we're going to look. BTC appears to be weak. If this weakness continues, I'm expecting a bearish break out of BNB in the near future. In case we get a bullish CPI reaction today, BNB might see a...
CRYPTOCAP:BTC to 34K if the rising wedge is maintained. The sequence from here is as follows 30,000 29,500 32,000 30,500 34,500
- NVDA is in a rising trend channel in the medium long term. - NVDA is moving within a rectangle formation between support at 262 and resistance at 279. - A decisive break through one of these levels indicates the new direction for the stock. - NVDA has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at...
- TQQQ has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. - It also gave positive signal from the double bottom formation at the break up through the resistance at 23.69. - Further rise to 30.60 or more is signaled. - The stock has broken a resistance level in the short term and given a positive...
- AAPL has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 157. - The stock has support at 151 and resistance at 175. - Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. - Overall assessed as technically positive for the medium long term. *EP:...
- MRK is in a rising trend channel in the medium long term. - The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 95.58. - The stock has broken up through resistance at 115. - Volume tops and volume bottoms correspond badly with tops and bottoms in the price. - The short term momentum of the stock...
Over the last week I've made a couple of analyses on BTC and the rising wedge pattern it was trading in. In my last analysis I expected some kind of oversold bounce into a new sell-off. Seeing that we've moved almost 9% in less than 24 hours makes me question whether we should look for going short. My bounce area (blue) has been reached, but we're blasting...
- LLY is in a rising trend channel in the medium long term. - LLY has also received a positive signal from the moving average indicator, thus signaling a continued rise. - LLY has broken up through resistance at 375. - The short term momentum of the stock is strongly positive, with RSI above 70. - Overall assessed as technically positive for the medium long...
Potential Bearish Entry Dow Theory In Place - Lower High and Lower Low Expected in Place Formation of Rising wedge coupled with bearish divergence (Bearish reversal pattern) SL & TP Levels are defined.