Bitcoin formed a head and shoulders on the daily and failed to materialize, providing us failed head and shoulders targets around 80-84 and 100k. We can back up confirmation of our failed HS by where we stopped along the initial correction after moving up, right at the top of our left and right shoulders. A secondary confirmation of the overall move was when...
$ETHUSD next Target PT 4,500-5,000 and higher Potential Returns +28.40% and higher WYCKOFF RE-ACCUMULATION WITH BREAK OUT Fewer lower highs and lower lows Breaking out of resistance with reverse pattern SUPPORT AND RESISTANCE WEDGE REVERSAL SUPPORT LEVEL OF CONSOLIDATION First resistance level of 4,000 was broken and bullish reversal was indicated As a main target...
SHIB is showing a potential falling wedge breakout. MACD Crossover and RSI downtrend line breakout. Looking good here if we see a close above that 0.000035-0.000036 area. Targets would be the 0.000048 to 0.000063 area. This is what I'm seeing personally and as always do your own due diligence.
There is a wedge formation on the 4h and 1h on EURUSD. I will not predict which way it will breakout, as I am a reactionary trader and neither I nor anyone can predict the future. However if it breaks under or above support/resistance AND closes, then I will execute a trade in that direction until it reaches the next support/resistance. DO YOUR OWN ANALYSIS, DO...
From my analysis it seems we might have a falling wedge pattern indicating a reversal in trend. Keep in mind that it depends also on BTC at this point that still influences the market. If all works out a good entry level would be after $287. Wait for confirmation. Good Luck!
Looks like ITC is heading towards a Bull run again after the announcement of "institutional and financial analysis day" on Tuesday.
UBER is breaking out of what looks like a wedge retest of previous high, worth a long shot
Looking like a descending broadening wedge in the MANAUSDT 15min chart. Might see the expected breakout after this consolidation period which may end soon
-BTC is now on a bearish breakdown from the short time frame wedge structure -Downside target price based on wedge height is US$43-44k -US$44.5k is the intersect of the 50w EMA so likely to be strong support -Look for a wick down to US$43-44k and then for price to settle at US$44.5k -If this level is not held, then the potential further downside risk is into the...
The price of the asset bounced from the 53k level, broke out of a falling wedge and is now facing stiff resistance at 58k. IMO, once we cross above the current horizontal resistance, we will have little to contend with on the path to 64k and ultimately a new ATH at 75k. Also notice the series of almost identical falling and rising wedges and how effective they...
Hey guys, couple days ago, I published a elliot wave cycle, saying LTC was about to start elliott wave cycle, LTC formed a falling wedge and just broke out from the falling wedge. Now we need a solid candle to stay above it. That is a good news. It might signal that the 4th wave might have completed or has almost ended and 5th wave is about to start soon. Please...
Just an idea, waiting for some volume and price action to see if this is a possible spot to go long with AVAX
We've got a very simple trade thesis today! AMC has been consolidating for the past five months after it's insane run to 72$. After such long consolidation, we're finally nearing the end of our wedge, meaning AMC is primed to make a large move to the upside OR downside. I will be eagerly eyeing this ticker, and will play a break to either direction as I've got no...
A huge Wedge Pattern has been formed in SKALE. Start accumulating to make HUGE Profits in the future.
Hi All, my main 3 take-outs from this analysis are the following: 1- The hourly chart shows RSI in oversold territory with high chances of a rebounce 2- Price might be retesting the resistence at arund 4.60$ in the next days 3- Still valid the possibility of an upward breakout of the descending wedge shown in the daily chart Not a financial advice, just...
We came out of a wedge and followed Pullback's pattern, expecting to have a correction of at least $ 1833. The hourly and daily time frames also confirm our movement. I will be happy to support me with your likes and comments.
ONE is on the second wave of Elliot You can get one at 0.273 - 0.284 Going for the 3rd wave really soon TP 1 : 0.35 TP 2 : 0.40 TP 3 : 0.50 P.S : Please beware of Risk Management and Money Management before trading
Description BA gapped out of the pattern, a strong signal, and made a nice bullish candle on strong volume. We'll be looking for this move to continue. Related idea linked, almost entered on friday, but didn't quite cut it. Using A call debit spread, because profits are always limited by time. Call Debit Spread Levels on Chart SL is a daily close back in the...