Volume is declining as the symmetrical wedge pattern is continued. Breakout to upside is more likely since the general local trend is growing. Only trade the breakout to be safe side.
This analysis is only showing you guys my vision and this should not be considered as financial advice! With that being said, lets start analysing! Dont forget to give a Like if you agree with my idea. This is the second time that we will be analysing the S&P500 and you can consider this as a follow upon our first idea. Just like we analysed gold (which is...
EURUSD has broken out of its weekly/daily descending wedge and it is currently retesting the patter aswell as testing 1.1100 resistance for the 4th time this year. Price is showing plenty bearish momentum on monthly and weekly however some exhaustion can be seen on daily but no sign of a reversal yet. Will price break through and head towards 1.0800 or will be see...
If volume continues to increase there should be considerable momentum for a break-out.
I think we will make it to $2.40-$2.50 as I don't see many sellers below $2.00
BITFINEX:ETHUSD ETHUSD showing a cute wedge pattern. Keep an eye out on what the market is going to do.
BITFINEX:XRPUSD Nice wedge spotted on XRPUSD 1hr. Keep an eye out!
This is my NZDJPY setup for Sunday. The ascending wedge indicates that a sell is coming.
BINANCE:XMRBTC A nice little example of a textbook descending wedge pattern reversal on the 1h chart here with Monero. Over the last few days I thought it might be a little triple top but given the fact that it's bounced off the 0.008200 area of resistance several times while slowly starting to make slightly higher lows, I'm putting my cards on a descending...
XRP is up against very well tested support. Stop loss at just under trend line.
In my previous () the move was clearly going to break the wedge pattern and it seemed to me a good buying opportunity for the short term. Now as the previous short move has happened and there is a new move that formed and this time I'm currently thinking of buying for the long term. The next support level sits at 0.0075 BTC which is probably the test level that...
Wedges are reversal patterns. A clear downward-sloping channel is interrupting a slight uptrend, so, on a breakout, we will take a bullish position. Conditional on high volume, our price target is half the height of the wedge, With a height of 7.70, the height of the breakout will be 3.85 above the upper trend line at the point of penetration. We are watching to...
Big wedge break today, we will see this rise quickly imo. wouldn’t be surprised if we see $40 this week. this one is gonna have a nice month for sure
38.2 retracement on daily. break of trend line support on 1H. Momentum decrease towards resistance on 4H.
Looks like a Descending Wedge Breakout today; however, it is volume contingent... will be looking for heavy volume!
LSE:BIDS Bidstack bridges the gap between gamers, game developers, and advertisers by enhancing the gaming experience with rich, real-world advertising. The shares have risen impressively over the past couple of years and following a period of consolidation that trend looks set to continue. We have seen the shares break higher from an ending wedge formation...