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The Wedge pattern can either be a continuation pattern or a reversal pattern, depending on the type of wedge and the preceding trend. There are 2 types of wedges indicating price is in consolidation. The first is rising wedges where price is contained by 2 ascending trend lines that converge because the lower trend line is steeper than the upper trend line. In other words: the lows are climbing faster than the highs. These wedges tend to break downwards. The second is Falling wedges where price is contained by 2 descending trend lines that converge because the upper trend line is steeper than the lower trend line. In other words: the highs are falling faster than the lows. These wedges tend to break upwards.

Conservative traders may look for additional confirmation of price continuing in the direction of the breakout. The target can be estimated through the technique of measuring the height of the back of the wedge and extending it in the direction of the breakout. A common stop level is just outside the wedge on the opposite side of the breakout.
cheesetoast cheesetoast NPXSBTC, 240, Long ,
193 2 4
NPXSBTC, 240 Long
NPXS Falling Wedge Potential 50% ROI

Since the Binance listing, NPXS has been in a downtrend. There is a chance that NPXS may have reached a temporary bottom with the falling wedge pattern. We can also see the divergence on the RSI indicator, making a higher HIGH yet price action has made a lower LOW. If we see a break out the top, the projected target is the 38.2% Fib with stops below the swing ...

infbp22 infbp22 ETHUSD, 1D, Long ,
132 0 4
ETH: Bullish longer term outlook

Hello everyone! Been feeling better about ETH lately. It's been finding very strong support/bounces off this ascending purple line. It has been in a large descending wedge and has broken out with this line as support. I expect it to go the length of the wedge height. This would be a 2-3 month swing trade and I would target close to $700 USD or over 50% if entering ...

mrsceleste mrsceleste GBPJPY, 240, Short ,
119 0 4
GBPJPY, 240 Short
GBP/JPY Short Idea

GBP/JPY is in a downward trending market, and price is currently being contained within a descending wedge. In the near term I anticipate price to pull back to the 38.2% retracement area before extending to lower prices and making its way down to the 127% fib extension area. I also anticipate that price will retest higher prices around 145.890 after this movement. ...

elefante elefante EOSBTC, 1D, Long ,
98 0 4
EOS is bullish long term!

4 month falling wedge bullish divergence Cup and handle Landing on strong support line Great fundamentals: 1. many project are going to be launched on EOS 2. multiple airdrops and free distributions 3. fastest blockchain and biggest TPs 4. launch of EOSfinex etc

schmidtke_jake schmidtke_jake ATOS, D, Long ,
9 0 1
ATOS, D Long
atos long

look for a long after breaking of trend and pull back to the level it broke up, if this level holds should be good indication of going up to the next levels.

101 0 1
ICX - Free Signal

Yellow = Buy Zone Green = Sell Targets Red = Stop Loss

54 0 1
POA - Free Signal

Yellow = Buy Green = Sell Targets Red = Stop Loss

1632 12 39
SC Suffering Again?

At 22/6 SC Broke his Bullish Trend 'Support At 0.00000178" Right now SC Above Normal Support 0.00000157 Working As Scalping Area Means if you looking to do Scalping trade 0.00000153 to 0.00000178 will be Your playground Stop_loss Close daily below 0.00000144 But Remmber we are at berish market so be sure you follow Capital management ...

tntsunrise tntsunrise USOIL, 60, Short ,
36683 160 345
USOIL, 60 Short
OIL break structure and wedge

OIL break structure and wedge if price pull back to 74.40 we can short the pull back SL above 75.30 TP1: 72.50 TP2: 71.00

HamadaMark HamadaMark UPBTC, 1D, Long ,
665 2 24
UPBTC, 1D Long

Falling Wedge ============ Signal Part ============ Buy around 0.00000729/ 0.00000700 Targets 0.00000798 0.0000089 0.00001088 0.00001377 Stop_loss Closing Daily below 0.00000635 Risk/Reward 10% / 93% Invest:3% we ask Allah reconcile and repay

HamadaMark HamadaMark BTCUSD, 1D, Long ,
24377 57 194
BTC !!! Yes?? This Your Last Chance

Our Active Charts check them out, This Chart Only Has Buy orders Buy BTC Around $5850/ $5500 Targets $6315 $6856 $7850 Stop_loss: Closing Below $5300 Weekly Risk /Reward 8.5% / 34% Invest: 25% Time Frame 60 Days Notice This Signal Have high risk so follow Capital Management as we Suggest drop have Chance 60% A rate of Succes for this Signal 40% we ask ...

240 0 5
DOGE Long Opportunity

The same to Doge like other recent chart analysis we made. Falling wedge and ready to breakout after a volume increment in the following days. RSI downtrend and price downtrend already started an uptrend and RSI at 37. Just a little bit volume will begin the rally. Entry Zone : 39 - 43 sats Potential Targets : Target 1 : 46 sats Target 2 : 51 sats Target 3 : ...

HamadaMark HamadaMark STRUSDT, 1D, Long ,
4006 6 46

STRUSDT Breakout Down Channel But Still below Resistance You Can buy from now with some risk or wait until close above this resistance at 0.23995785 daily Targets 0.23408781 0.26637304 0.30452833 0.33094352 Stop_loss: Close below 0.18565995 Daily Risk/Reward 13% / 53% Invest:3% we ask Allah reconcile and repay

Steffro Steffro XRPUSD, 240, Long ,
1826 8 29
XRPUSD, 240 Long
The next big one?

It looks like the bearish rally period is about to end and XRPUSD may rise massively. Target 1: 0,76$ Target 2: 1,53$ Target 3: 1,87$ Target 4: 2,22$ Target 5: 3,56$ When: Not sure, last descember went really fast. Alot could happen the next months. Arguments: - Gann arc is aligned very good at the moment. Check out all the green spots. In other words, the ...

AndreKlynsmith AndreKlynsmith USDZAR, 1D, Long ,
163 2 5
USDZAR | ZAR will strengthen against the US$

The pair has generated a bearish wedge in the resistance zone , the persistence in the press that the dollar is very strong and will continue to be, makes it more likely that a technical correction will occur, and that this will allow the pair first go back to 13.40 and then to 13. Each time the pair reaches 13.90 it is rejected, even producing a false break last ...

527 8 11
LTCUSD Bulls On Parade

Watching here closely, for LTC to break through resistance and out of a wedge. 42 low end range of last purchase worked out well, at this point I wouldn't recommend chasing the chikun as it were, but wait for confirmation of breakouts on the wedge. I like LTCUSD at 48 by the end of the day.

cheesetoast cheesetoast ETCUSD, 240, Short ,
459 6 4
ETCUSD, 240 Short
Etherium Classic looking weak

The false break out the top of the rising channel was enough for me to look for shorting opportunities. This indicates there is greater selling pressure above and now expect a break through the bottom of the rising channel. This could also coincide with Bitcoin which is at a supply zone and struggling to push higher without volume. Therefore, keep an eye on ...

683 1 3
ICXBTC, 720 Long
ICX - Falling Wedge

Falling wedge pattern formed (Reversal pattern) found support on previous low (highlighted in green) can be used to accumulate here, breakout pending. ICX BUY: 2100- 2300 SELL: 2350 2600 2850 3000 3600 4500 6800 STOP LOSS: 1890

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