The price is testing the 4h support on 51$ after a breakout from the rising wedge and 4h resistance.
The price could have a pullback on 0.382 Fibonacci level in order to grab more liquidity for a new bearish impulse.
How to approach it?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice...
This is a longterm analysis of a possible 3 year outlook for VET/USD using the 1 week chart.
Here is a closer look at this VET/USD 1 week Chart.
On this 1 week timeframe, VET has been back above its Least Squares Moving Average (LSMA) since the week of 7th March 2022. Note that a weekly close ABOVE the LSMA is considered a BUY SIGNAL for this indicator.
Looking at the 4-hr chart for Ethereum, we could identify(?) a bearish trend with a correction forming as a r ising wedge .
Do you agree with this analysis? If so, keep on reading...
Now this can lead to a continuation, or a trend reversal.
I have spotted three points of interest, waiting for a confirmation, before starting a long/short position.
What is your...
Ethereum was in a Rising wedge pattern and we would have expected the fall of ETH to happen pretty soon. Well right now the break out has already happened and a heavy bearish movement has already accurded. 1000$ is a pretty important support and if it's lost,well there will be no hope of turning back for bulls. Afterward we shall expected the price to reach 750$...
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Welcome to this ETH update.
ETH is not looking good here. Forming a rising wedge pattern in 2hr time frame and currently hovering near the resistance level. ETH has a strong resistance at $1250-$1280 level.
If we successfully break down this rising wedge pattern then I'm...
XTZ is in a Rising Wedge Pattern. This is Of course a bearish Pattern which means we Should Expect the Price to Reach Lower Levels Even From Now! The Price can Decrease and It Should be Clear To you That No Break Out Has Happened yet So It is not Safe to Take Short Position (For Now!) There is also a Regular Bullish Divergence (-RD) on MACD which Strengthen The...
The dollar is in a strong uptrend against the Japanese Yen, however, it seems it's time for a retracement. On low time frames, the price has formed a rising wedge that is now confirmed. The pair broke through the lower boundary and probably will continue down until the next support, which is near 133. We should see a bounce once the price reaches this zone.
Bitcoin finds itself flirting with 20K inside of a rising wedge on both price action and the RSI. Today's candle close will provide us with confirmation. Although, it looks as though the bearish pattern will play out accordingly.
The price is testing the daily resistance after a bounce in the 3$ area.
On the 4h timeframe the price is creating a rising wedge on it and testing the 0.886 Fibonacci level, it's a key level.
How to approach it?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order
Bitcoin is currently forming another rising wedge, as it did with the previous level of consolidation. I still see a bearflag forming all the same. The level we are at is much riskier than the one we dropped from previously... Be wary traders.
When analyzing this enormous wedge that stretches back to 2014 and applying the rule of thumb that the target is the 'first pivot', a fall to the 0.786 Fib line would be possible.
I'm not saying this has the highest likelyhood and I do not expect this to play out, but I found it interesting to sketch it out.