Sofi was on track to break ATHs but ran into some trouble at earnings (overreaction). The fundamentals are still solid and the bottom of the wedge is holding support. Last couple days the CEO bought $100K worth of Sofi ,institutional ownership has gone up, and last lockup period has expired this week. Sofi is set up nicely to breakout and get back on track to hit...
break out from wedge / ending diagonal pattern/ - break out and price manipulation - imbalance filled - targeting higher TF equal highs - potential 500pip move.
The price action of the USDCNY pair has been range-trading since the 16th of July, as underpinned by the ADX indicator. Bearish pressure has been slowly accumulating over the same period, which is illustrated by the current reading of the Stochastic RSI indicator. The price action is likely to reach a new dip at the 23.6 per cent Fibonacci retracement level,...
Rising Wedge, is a bearish pattern. i drew this simple wedge pattern last night before i went to bed. before it broke down/out. (see linked chart below)
Blue Lines - Support / Resistance lines price action has bounced off of multiple times during the last bullion Yellow lines - freehand lines trying to predict breakout to upside on Sunday or not red line - purchase price green line - breakeven from fees
After its initial launch on Binance SLP has been regularly dropping for weeks. - has reached oversold on several timeframes - has reached new all time low - just broke out from huge descending wedge with big volume - Price and Volume are showing big bullish divergence target of the next price action is top of descending wedge, more than x6 of current price. May...
Waiting for a bounce ot $25 and if that fails look for a bounce at $20.50 . Ultimately I'm waiting for a breakout from this wedge on the daily.
Looking to buy between zone #1 and #2. Oversold on all timeframes. Playing this position long from the weekly timeframe. Stops set at $18.
Despite the market being weak, $APPS is showing good relative strength. Definitely one to watch when the indices are green as it should really pop above $67.50! The whole $5B to $30B market range of companies is where I'll be looking for strength in the coming weeks. Targets are in green, good luck & happy trading!
BTCUSD just broken out of this right angled broadening wedge pattern to the upside on the daily. Current target is set at $55k HODL my Raging Bulls Disclaimer: I'm NOT a financial adviser... :-) Peace Love Blessings ;)
JMIA JMIA has already broken the downward wedge resistance and looks like it's doing one last dip before bouncing off the support and breaking out. Looks like at least 2x potential in the short term, but I'll be holding long term. Bought at $19
ADA may get bullish again in the short term! If we break the falling wedge to the upside, we can expect a price target around 3$. That would match the technical price target of the falling wedge (top).
In hindsight, great opportunity to offload Nvax on wedge break, still holding shares. looking forward to WHO approval in next few weeks
Break and back test as the move to upside with the look of a short covering event. Approaching Diamond Pattern Break level, watching for resistance after the solid recoviery.
According to last analysis on Dogecoin now we are at the Bottom IMO and a breakout will Reassures us. After breakout next major leg up will be started. See my last analysis on this coin for sure.
Falling wedge, indicators look like it could go up... Careful, BTC dump would most probably invalidate this... Must use stop loss. Good luck traders
History KUCOIN:TELUSDT is 15 days away from pinching between the bottom and top resistance that formed on March 7, 2021, which occurred just two breakouts ago. The most recent breakout took 14 days to complete and resulted in a +1,077% gain. Potential If history repeats itself for a 3rd time in a row, we'd be looking at a +1,105% gain by October 10th, if TEL...
My reasons for taking a short trade here: 1. Price has broken out of a bigger structure (an ascending channel), theres a 90% chance of it going to the bottom of structure 2. Downward trend which has created a rising wedge which is a reversal pattern 3. Price has broken out of the rising wedge 4. Downward move followed by correction which creates a bearish pennant.