#BNB/USDT
$BNB is above lower line of rising wedge.
The same scenario of #BTC!
🐻 break down from lower line will drop price to support zone.
🐮 rejection from lower line of this pattern will increase price to upper line and maybe resistance zone.
Hello my dear friends
In your opinion, how valid is the drawn pattern?!?!?
We will not have the mindset to form a bearish trend until the corrective trend is below the $22,671.97 price range.
Don't forget the marked white and yellow ranges ($24,319 & $24,626) are valid after the $22,671.97 price range is fully consumed!
We would be happy to hear your comments.
Hello my dear friends
According to the negative divergence of RSA, if the price range of $0.573 is completely consumed, then the probability of reaction to the yellow area ($0.697) is high.
From the yellow area, we expect the formation of a corrective trend up to the range of $0.515 and $0.418.
We would be happy to hear your comments.
As per the bearish divergence from February 2021 to May 2021, this indicator has early signaled the top.
Now the traded volume is about to exit a bearish channel.
We also have an expansion wedge that is about to be broken along with the 50% retracement.
This indicator anticipated the fall of the SPX well in advance, according to the yellow line on April 12, 2021.
Showing a clear divergence.
As SPX went up, the indicator went down.
Only on January 10, 2022 was there a trend reversal in SPX, going down.
Now the indicator appears to be anticipating a rally.
Price moves within wedge pattern and it reacted on 50% Fibo level. Possible some move down towards 1.1900. Breakout from wedge pattern needed as confirmation. Trade carefully!
Hi dears
It looks like we are forming a wedge pattern that has a very good price on the floor, and now we expect to climb at least to the pattern ceiling, and even next week the ceiling of the pattern may be broken and up to $ 30000. I tried to set the least risky targets.
What do you think? I would be happy to support me with Likes, Comment and Fallow !❤️
Ethereum at critical support border of rising wedge !!!
As many other cryptocurrencies ETH is in a rising wedge that is typically a bearish pattern
Right now we are at critical levels on price chart and RSI again - exciting hours are imminent dear Crypto Nation
Will keep you updated
*not financial advice
do your own research before investing
DAX SPX Nasdaq - some rising wedges - some bearish divergences
Not a really bullish cocktail at all - all indices at the critical support line a the moment
Some hours of trues dear Crypto Nation? But I can't imagine a real direction decision before tomorrows CPI announcement
Will keep you updated - still nothing happened yet
*not financial advice
do your own...
Patterns Identified- "Triple Bottom" inside "Falling Wedge" pattern
Bottom to neckline measurement is approx. 17.89! The measurement for the wedge from its lowest low and highest high is approx. 198.46.
My entry will be just above the break of the neckline at 172. I will use a stop loss which I won't disclose on this forum. Profit taking areas will also be...
I would bet on the short squeeze... sometimes the market doesn't follow logic, but I could be wrong, obviously.
1. Price testing long pandemic retracement of 21.4% at $ 405.49.
It broke 38.2% short retracement from the last top.
Stochastic DMI in dangerous region.
2. Is there still room to go up?
Two different types of Wedges both showing a similar sell point entry
The sell point is right below the wedge, so if a breakdown occurs, a retest and consequent rejection follows
This is common between both wedge patterns
From personal experience I have seen Rising Wedges act more bearishly than Broadening (megaphone) structural wedges
However both of them have...
Test with pilot position, 10% of full position. Beat earnings and revenue guidance.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
Based on technical factors there is a Long position in :
📊 DOTUSDT Polkadot
🔵 Long Now 6.69
🧯 Stop loss 5.90
🏹 Target 1 7.50
🏹 Target 2 8.40
🏹 Target 3 9.25
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
Hello my dear friends
I hope we will have a profitable week together (:
Considering the specified ranges and the ascending wedge pattern at the end of the upward trend and the negative divergence of RSI, it seems that the possibility of correction to the blue range of $0.2657 is not out of mind.
Please keep in mind that if you want to trade with this analysis,...
From the 10th of June to July 21 we have been trading inside an ascending channel. On the hourly chart we can see price action inside of the channel and what we see here is an ascending wedge formation which will push the price action back into a downwards spiral. MACD is crossing the signal line on the hourly to the downside along with a heavy three day streak of...
