Price forms rising wedge pattern. Statistically more often it ends current trend. So basic scenario is bearish. Breaking above current resistance may cause further up move towards upper band of wedge pattern. Trade carefully!
Cronos looks ready for a bounce back towards 100EMA resistance, probably after a last retest of demand zone. ⚡️⚡️ #CRO/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (1.6X) Amount: 5.1% Current Price: 0.06290 Entry Zone: 0.06150 - 0.05340 Take-Profit Targets: 1) 0.07440 2) 0.08710 3) 0.09985 Stop Targets: 1) 0.04330 Published...
So when we look at the chart we can see that the price was going up but is now struggling to break a zone that we could see as some sort of resistance. What we could do is we could go short here because we also have the numbers of the FIBB that supports it. What I would do is go short on low risk and put a few TP zones. Once the first one is hit I would move my SL...
Secondary trend of BADGER/USDT. Downtrend channel. Outer channel and inner channel(liquidity). From the upper edge of this channel falling wedge has formed. Then there was a breakout and slight accumulation after it. Then we a saw a somewhat movement of 30% which i have shown on the chart. This was retest of POC of all this downtrend channel movement(point of...
Kumba Iron Ore has managed to tick most conditions set in October 2022 (see linked idea). We are now approaching the green line while the $DXY is looking to put a reversal. We will be looking at price interaction with the green resistance line. We might see a pullback right below the line which can appear to be consolidation. However some profits can be harvested...
Alibaba still making higher swing lows on the daily. We recently broke out this falling wedge but have come back to retest the breakout. Important level to hold if the bulls want further upside. Results on 16th November could be a catalyst for a larger move
New all time highs then back down? Earnings season is for the most part done. What would be the next catalyst to bring this down?
EURUSD is still on a down trend at the moment pair is on a pull back as wave 4 fo far the pair has recently created a ascending broadening wedge which indicates a potential move to the downside as wave 5
After a test of an important intraday demand zone, USDCHF broke a resistance line of an expanding wedge pattern on a 4H time frame. A cup & handle pattern was formed then. The neckline of the pattern was broken during the middle of NY session yesterday. These 2 strong bullish confirmations make me think that the pair will go higher. Next resistance: 0.9068 ...
On the above daily chart price action has corrected 60% since the year began. A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. The trend has reversed. 2) Price action prints a bullish engulfing candle on past resistance followed by a hammer candle. What a chart. 3) The falling wedge measures a...
In simultaneous confirmations for breaking the wedge pattern, the price can be expected to reach its ceiling and also the top of the beginning of its downward movement.
SELL - SHORT DYDX/USDT 🔰Entery: = 1.59 - 1.54 - 1.467 ❇️Targets 1️⃣1.45 2️⃣1.43 3️⃣1.4 4️⃣1.359 5️⃣1.296 🧯Stoploss : 1.63
GOLD is showing some clues of possible trend change. If price stays on top of the last highs the price structure changes from making lower highs to making a higher high. This can indicate from a accumulation and growing bull force. As long as we stay on top of these previous highs I'm short term bull. Ofc there is also the huge 12 year cup and handle pattern...
RELX is currently in an ascending wedge with bearish RSI divergence. Look for a break of trend or pullback to supply zone for entry, stoploss at last swing high with target at bottom of wedge also could be a bigger move if breaks down out of wedge so will be using a trailing SL if it gets there, moving SL to BE when safe to do so.
AM is currently in an ascending wedge with bearish RSI divergence also shown on smaller timeframes. SL at last swing high with target at bottom of wedge, moving SL to BE when safe to do so.
Exciting developments are unfolding in the world of crypto, and NEAR Protocol (NEAR) has caught our attention. It recently broke out of a falling wedge pattern, and the current setup presents a golden opportunity for those keeping a close eye on this dynamic project. Let's explore the breakout and the potential rewards it might offer. 📈💎 Breaking Out of the...
SPY has reached the range highs and has shown signs of weakness not being able to breakthrough the highs. It has been rejected and is now at a vital dynamic support. If this break (which i think it will), a move to the golden pocket (orange lines) could follow. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! #SOL update. It can keep going up as long as it wants. If it needs a little break, cool, these Elliottwave patterns are popping to me, atm. Staying prepared. Cheers!