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.
s we can see market cap grow to $212 B also many coins but the main thing we still below downtrend
same case here at XVG, not a big difference.
Xg move below downtrend but she very close to it and hold well above 0.078 fib level
and good reaction at weekly frame
this gives us good chance, with low risk, to trade with xvg
Buy around 224/215
Targets ...
Buy around 116/110
Targets
$121
$135
$156
Mid
$185
$210
$250
Long
$300
$HOLD
$HOLD
Invest:5%
Stop_loss:
Close Daily below $95
We ask Allah reconcile and repay
If we consider fundamentals here we have two major event coming up on 21 September 2018: Listing on COBINHOOD 30 September 2018: (or earlier) BulletProof Release ...
OKCash purpose and aspects
Offers long-term staking (year 2148), low fees and high transaction speed through unique LTSS system.
OKCash categories
Digital currency, Micro payments
Short description
OKCash is a new Cryptocurrency that got released in November 2014. Since the start, OK has shown a unique interest in the end user and tried to make the coin ...
Augur purpose and aspects
Efficient Forecasting, Speculate on everything, Wisdown of the crowd, Decentralized prediction platform
Augur additional differentiation against competition
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Augur categories
Prediction market
What is Augur?
Augur is an Ethereum based, peer2peer, decentralized oracle and market prediction platform.
It allows users in its platform ...
I'm personally finding it very helpful to write myself notes on charts when the market is closed so that when it is open and things begin to get emotional...I have it staring me in the face!
GBPJPY has been on a northern run, but is now breaking the rising wedge and falling. I anticipate a 32.8 retracement due to the strength of the move.
We shall see
The Swiss Frank has been appreciating against the Euro since the pair reversed from the 2017/2018 high at 1.2000. This movement is bounded by a falling wedge.
As apparent on the chart, the currency pair has reversed from the pattern's upper boundary during Friday's morning. It is expected that the pair should go downside to the lower boundary of the wedge ...
This is pure manipulation, this is the blow off - this entire global rally on Thursday is because the US dollar tanked. We have Fed day next week and most likely continued interest rate hikes.
Easy opportunity short here, the Risk Return is skewed heavily in the short side position.
I've been bearish Dollar for a while now.
I've recognize the Dollar's weakness and was glad to get a confirmation when the Dollar broke below the rising channel.
Today, we get another bearish confirmation signal as the Dollar breaks below the neckline of a Head and Shoulders pattern
We're in a choppy zone for a while. No trading in this kind of zones and take a rest. Still expecting course to make a breakdown. Volume are very low and bigger picture(yellow descending wedge) is playing out. Yellow elipse is yesterdays manipulation by big whales or an exchange. It is what is.
Save trades!
https://www.tradingview.com/x/3hmBSWmM/
The Czech Koruna has been appreciating against the Euro since the beginning of August after the pair reversed from the 2018 high at 26.14. This movement is bounded in a falling wedge.
As apparent on the chart, the exchange rate reversed from the lower pattern line at 25.43. From the theoretical point of view, it is likely that a surge towards the upper boundary ...
