We have another rising wedge pattern setting up on Etherium Classic.
Reasons for sell trade:
Rising wedge meetings rules
Decrease in volume
Break of the RSI trend line
Bitcoin has similar rising wedge pattern forming
Projected stop loss and take profits targets are shown.
A move above 16.3 would invalidate this setup.
Disclaimer: This is only my...
Missing the entry on this rising wedge pattern.
Already broken out to the downside. Might still be an opportunity to enter on the smaller time frames but will probably give it a miss.
For those that are happy to accept wider stop loss, 2 potential profit targets are shown.
Could be a significant turn of events in the US context that may drag down other Tech...
Keep an eye out for a triggering sell event on Bitcoin through the temporary "floor" at $6,200.
Price has been steadily rising from the recent lows at $5,750 however this pattern is a BEARISH signal. We could see one more pump but be careful it, this could be a bull trap.
RSI trend line has broken to the downside with volume steadily decreasing. There is an...
Dear community,
Tron is a well marketed coin and it has potential.
However now it is in a rising wedge that would bring it back to it's long term support at $0.038.
All the Best for the Crypto Space.
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai
twitter.com
I am expecting the current bear flag to resolve to the downside and break out of the rising wedge. This will set us up for the next major leg down if we don't hold support at 6100. This will be the 4th time testing the 6k support zone and I don't expect it to hold. Target remains 5k.
We are forming a rising wedge Or you can also say a bearish Flag over there but The thing is we are going to test at least 6k. Can drop to 5.4k.
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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...
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.
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...
![EURAUD: EURAUD Rising Wedge Pattern [4hr Chart]](https://s3.tradingview.com/s/sT08HKdI_mid.png "EURAUD Rising Wedge Pattern [4hr Chart]")
