The price is creating a falling wedge on the 4h timeframe inside a descending channel.
The market is testing the daily resistance on 6$, it's a key level
A falling wedge marks the corrective phase in this measured move-up formation. Note the receding volume trend of the wedge.
How to approach?
IF the price is going to have a breakout from the 6$, According to...
The price is testing the 0.786 Fibonacci level on the daily timeframe after a breakout from the falling wedge and a rejection from the daily resistance on 0.4$
On the 4h timeframe, the price bounced exactly on the previous support and dynamic one on 0.2$
How to approach?
IF the price is going to lose the support and retest the previous support as new resistance,...
Are we going to repeat the same 2018 pump? Hope so, bullish pattern repeating again. Hope this one now keeps setting higher bullish, not a bear trap like 2018!
It is interesting how the price has formed these patterns which are exactly the opposite and result in exactly the opposite outcomes
Kinda like they are pairing themselves together?
Thought it was worth a post
As previously stated 47k is a big psychological level and also adds confluence to a massive wedge that's been in play since the 5th with the upper resistance starting from the 12th of July. This is another tipping scale moment for BTC where either direction will be big.
Mapped out are three possible short scenarios stemming from different areas however they have...
VITEUSDT is creating a falling wedge on the daily timeframe and now the price is testing the daily resistance. IF the price will have a breakout from the wedge and retest the current resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly...
Have any glitch on the nzdchf weeklieas chart ? i hope traders can properly indentify my charting glitch !
NZDJPY will gone moon !
#NZDJPY Where will be arrived?
NZDJPY BULL prive movement prediction ready i believe that .
NZDJPY mine own perspective so what's your opinion on the nzdchf price movement please comment in the below section
Did a detailed analysis on the hourly chart of some pretty crazy similarities exactly almost a year ago down to similar price action only 1-5 days apart.
Goes to show if you don't have a larger perspective anyone can be caught up in the clouds and not see the F****** world below.
Zoomed out on the daily and what a view.
We have similar impulse waves that in the...
Not sure, but I think that it might be possible to gain the losses next week. Bulls may take the reins next week but also it can continue coming down.
Also, there is big resistance in 11210 level
Please add your comments!
A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines.
A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line.
Each of these lines must have been touched at...
An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines.
An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line.
Each of these lines must have been touched at...
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The price could be completing an a-b-c-d-e correction inside a descending broadening wedge.
The price is possibly beginning the 2nd subwave.
Final target : $6310
MYOV - New insider buying. I still like this if it breaks 8.68 or a pullback to 6.23. Could consider getting back in - still like July $7.50 Calls. Momentum target, would lower stop to 6.97 or 5.29.
A giant ascending wedge is forming on the Dow dating back from early this year. Expecting it to hit 30,000 sometime mid to late 2020 and profit-taking to come into play.
