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.
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 ...
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 ...
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. ...
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
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.
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 ...
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 $5300 Weekly
Risk /Reward
8.5% / 34%
Invest:
25%
Time Frame
60 Days
Notice
This Signal Have high risk so follow Capital Management as we Suggest drop have Chance 60%
A rate of Succes for this Signal 40%
we ask ...
The same to Doge like other recent chart analysis we made. Falling wedge and ready to breakout after a volume increment in the following days. RSI downtrend and price downtrend already started an uptrend and RSI at 37. Just a little bit volume will begin the rally.
Entry Zone : 39 - 43 sats
Potential Targets :
Target 1 : 46 sats
Target 2 : 51 sats
Target 3 : ...
STRUSDT Breakout Down Channel But Still below Resistance
You Can buy from now with some risk
or wait until close above this resistance at 0.23995785 daily
Targets
0.23408781
0.26637304
0.30452833
0.33094352
Stop_loss:
Close below 0.18565995 Daily
Risk/Reward
13% / 53%
Invest:3%
we ask Allah reconcile and repay
It looks like the bearish rally period is about to end and XRPUSD may rise massively.
Target 1: 0,76$
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 ...
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 ...
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.
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 ...
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
