This is a followup idea on my previous one where we "idezied" the bottoming process, which so far has been manifested. So far I see it as a huge (A)(B)(C) forming to the upside, hence the choppiness, which overall LIKELY will stay as 3 wave structure hitting a several year upside target of between 22 - 84 USD, too soon to projectile anything more proper target....
There are some very interesting patterns emerging within the XLM charting structure, which seem to be indicating a move to around .40 - .45 cents in the coming bull-run! Good luck, and always use a stop-loss!
Bullish context: weekly uptrend Price position: near last weekly trend low Pattern: four consecutive red days with little upthrust (progression of lows) It looks like previous weekly consolidation area is providing support, and bears are too exhausted to break through it now. This provides an opportunity for a long play. An example of possible trade is shown...
CHWY is currently in a descending wedge with bullish RSI divergence. Look for a breakout and retest of support zone for entry, stoploss at last swing low and will be moving SL to BE when safe to do so.
Broadning decending wedge is a bullish pattern 2 probabilities, one is beariah as we can see a divergence in RSI. Second one is bullish as this pattern is a bullish pattern. Once the wedge is broken upside we get to see those targets .. or if it continues in the range we get to see the bottom support line as target but remember if it continues downside and did...
Hello traders what do you think about GBPUSD) 📉📈📊 GBPUSD√ wedge pattern test supply zone pullback Berish testing diamond zone Gbpusd Long 1.26347 TP 1/ 1.27330 Short Berish.127330 TP 1.25847 Follow risk management Safe trade don't forget like this analysis 💝
Hi, a high-risk high reward play on the AU200 with a break and retest of the rising wedge with bearish RSI divergence. If playing along place stoploss above last swing high and wait for a break of trend on lower timeframe will also bring stoploss to breakeven when safe to do so. Good luck 🍀
Hi guys For Bitcoin, if the short-term uptrend line remains intact, the possibility of a continuation of the uptrend is strengthened. Due to the issued negative divergence and price compression in the upward trend, the weight of a downward-corrective trend is currently high. What do you think?
The price is at the bottom of the corrective pattern (Falling Wedge) The price hit 0.61 Fibonacci retracement level and was rejected! We put the StopLoss in the invalidity of this analysis If it continues to grow, the profit will more than triple Trading Setup: There is a Trading Signal to Buy in MOVRUSDT Moonriver (Daily) (Spot) Traders can open their...
Looking for a scalp short on USDJPY on market open, hit the top of the channel with a rising wedge on bearish divergence should get to the bottom of the channel but will just take profit at resistance. GL
On a larger timeframe WTC is in a rising channel, it is at the top of this channel with a rising wedge on bearish divergence on a smaller timeframe. Looking for a retest of support for a entry and a move down to resistance for take profit. GL
At we take a look at the ETH/USDT, we can see that is is trading in a massive broadening wedge pattern. Every time it touched the trendline, it bounced nicely. Will history repeat itself? Another thing to keep in mind is that the area which it touched is also lining up with the golden pocket for extra confluence. This is still a bullish chart until support...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
gold price made triple bottom at 1620 since then it is rising but crowd is now bullish at top at $2100 price level if buy the rumor sell the news is real then hedge funds already front running rate cut by fed same like at bottom $1620 in september 2022 👉 nobody talking where gold will be 18 months from now 👉 what will be next macro theme for gold 18 months from...
PEN is currently in a descending wedge with bullish RSI divergence but still looks bearish on an intraday chart so should move down to support at around 0.07c. Look for a breakout and retest of upper trendline for entry or enter a small position on break of wedge, stoploss at last swing low move SL to BE when safe to do so. Good luck
As expected after the rejection of the 200 day MA , a nice head-and shoulder formed, which has almost played out really by book. Notice the descending wedge, where the bottom should provide support (gap down possible, so the HAS could reach its target). Waiting for confirmation to close above 9day EMA, and then expecting an upward trend to fill the gap. Could hit...
PX is currently in an ascending wedge with bearish RSI divergence wait for a break of trendline and retest of support before taking a position with stoploss at last swing high and target at next area of support, moving SL to BE when safe to do so and then follow with a trailing stop looking for a bigger move down. Good luck traders.
✅TESLA was going up in A bearish wedge pattern But after the stock retested The horizontal resistance Of 208$ it broke out of the Bearish wedge pattern and The breakout is confirmed So we are bearish biased Now and we will be expecting A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅