Rising Wedge

Looking at the chart of zcash against the Dollar, price is within a rising wedge pattern. The RSI is grinding up and appears to lack any conviction. Odds favor a downward move. Targeting the 38% Fib as the first target should a breakout of the pattern occur. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.

CDT has been moving upward through a rising wedge. These patterns can be continuation or reversal patterns. Taking into consideration the bear cross on the stochastic RSI and the fact that the price is sitting in a wide bearish kumo with future price volatility not decreasing by very much. The Kijun and Tenkan San are both acting as support but have begun to ...

Expecting SKY to retrace, will look for an entry in the first box

Looks like NASDAQ is leading the way in the stock market in terms of bullish strength. We're knocking on the door of ATH's, and I can say with some confidence that we will breakout at some point in the near future. It's possible that we can break past ATH's on the first attempt, but I am a little reluctant to become an aggressive buyer just yet. A small rising ...

Reasons to consider a short sell: Rising wedge formation indicates fewer buyers on each re-test of trend line Pop out the top of rising wedge into a previous consolidation zone that trigger a sell off during May (supply zone) Risk to reward (4:1) meet's criteria and allows multiple profit targets

AUD/USD H4 The break out of rising wedge.

EURAUD Rising Wedge Pattern

Rising wedge on the NZDUSD pair on the daily and the MACD is pointed to go right down. We can see the same situation with our 20 and 9 MA's.

DXY and USDCAD seem very bearish It's as if the DXY already completed the pattern we are currently seeing on USDCAD! The H1 Gap allowed me to enter a sell at the 1.29924 price point and as of right now 70% of my position has been secured. On WEDNESDAY June 13 we have a Supercharged New Moon and the Federal Funds Rate FOMC meetings (Forex Factory economic ...

Hi! Let's talk about BCH now! BCH formed support line and resistant line, and it looks like a wedge. Now, it hits the key support line. There are two possibilities move as always. If BCH hold on this support line, then it will test the upper line of the wedge and i believe it will break after the bounce. But, if BCH break the support line, i believe we will test ...

Hello friends, It's been a while since my last post; lack of time and an urge to do more research has mainly driven me to take a break from posting ideas on TradingView. I am still in the process of doing more research and study, but I figure posting once in a while couldn't hurt. Since I have become recently very convinced about this, I am outlining a very ...

Hi guys Today i'm in here with a nice viewpoint for you! when we have in a market, we can draw many of major and minor patterns to get the range of market moves. Also you can get good idea from kumo of ichimoku, especially when you can draw patterns on them. Look at the chart for seeing several scenario and 2 long term T.P in the future. Have a good and ...

USD/JPY H1. Perfect rising wedge pattern

FX:GBPCAD Currently GBPCAD is trapped under a descending Trendline, however it looks as though it is building momentum to break above the trendline as per its peer GBPAUD I see a rising wedge on the 4H and above the 100 and 200ma so is supported decently well, Daily close was strong with daily support of 1.73228 holding. Looks like the corrective move is getting ...

Hi all, BTC is basically trading in range. It means the market is undecided on what the BTC future price should be. As a consequence, we are trading on Bitmex on low intervals. Here is a possible trade setup based on current resistance, the Soch RSI level and the rising wedge pattern in formation. Target is at the bottom of the wedge corresponding to next support ...

Potential Short Setup. 1. Rising wedge Awaiting 2. DESCENDING Triangle. Wait for the breakout from DESCENDING Triangle before taking SHORT position. PS: Ignore typo - I actually meant 'Descending Triangle' on the chart.

The price is currently trading within a rising wedge, it is very likely that the price would breakout the support of this rising wedge. The RSI is in a position that supports a downward move and if the price does start to move down from here the next major support is at around $364. I would keep everyone updated on my findings on this pair.

The rising wedge has broke, the price has managed to breakout the support level of the rising wedge pointing at further moves down. The price may take a break and retrace slightly before continuing bearish. I believe the price could fall as far as $6,600 then it will reach a strong support level. I would keep everyone updated on my findings with cryptocurrencies.