ETC/USDT made a falling wedge on 4 hour time frame.
MMM looks to be forming a falling wedge which is a bullish pattern waiting for it to test the lower trendline before entry.
ADA is developing a clear ascending wedge pattern making higher highs while the RSI is making lower highs. I will take my chances here with a small amount and add up on the break of the base of the wedge entry: small amount at current price SL: $0.421 add up: on the break of the wedge (will reenter if fakes out to the upside and comes back...
Hello Dear friends It seems that at the end of the downward trend of the daily time frame, due to the positive divergence of the RSI, the probability of completing a downward wedge pattern is high. If the current rising trend is above the $0.81 range, we can expect the completion of the pattern and the formation of a rising trend, provided that the $0.378 area...
Hello my dear friends Looking closer at Bitcoin, the four-hour timeframe We have an ascending wedge pattern at the end of the uptrend, which is accompanied by a negative divergence. But the support area of $22,213 has not been fully consumed, due to the fact that this area is not consumed, there is a possibility that the increasing trend will continue to higher...
AUDNZD has been shaping up for a short opportunity as we can see price has created a double top and price has failed to push any higher. Price has been moving correctively in a reversal wedge pattern which we should expect a Breakout followed by a lower time frame correction to valid a sell entry. Trade Safe Thanks
Hello Dear friends happy new year :D On the daily time frame, we have the positive divergence of the RSI, which has strengthened the possibility of forming a bearish wedge pattern at the end of the bearish trend. The current trend is likely to continue up to the $0.23 range. In case of breaking the downward trend line and maintaining the support range of $0.19, we...
On the daily chart, SBUX swings within the middle of an ascending wedge and tries to stabilize above the horizontal resistance area between Fibonacci level of 78.6% at $107.23 and $108.87. While we are now waiting for SBUX to breakout above the ascending wedge, which paves the way to advance towards $117.80-120.76 as initial targets. With setting the levels of...
Bitcoin has formed an ascending wedge pattern, where the price is trending upward within a narrowing range. If it breaks below the lower trend line, it could reach the targets mentioned. If the price bounces off the lower trend line and touches the upper trend line, it could potentially break through and flip it as a support level, indicating a continued upward...
PLTR take a long position in daily wedge pattern with reversal rsi trend good luck
Cryptocurrency DAO Maker is trading bearish for the last year, but the wave structure looks like an A-B-C corrective decline that can be slowly coming to an end, ideally at the end of 2022 or beginning of 2023. From Elliott wave perspective we are already tracking a motive wave C, which should be completed by a five-wave cycle of the lower degree. In this case as...
We have a nice falling Wedge performing on hourly chart on ETH, usually this indicates bullish momentum. So our target is somewhere around this Orange 4H resistance level
DOTUSDT has recently had a breakout from a falling wedge pattern. A falling wedge is a bullish reversal chart pattern that is formed when the price is trending downwards but starts to converge in a tighter range. This pattern is characterized by a series of lower highs and lower lows that are connected by two trendlines that are sloping downwards. The breakout...
Buy Setup ▪️Strong Impulse breakout of Wedge Pattern ▪️Buy entry after pullback from 98.00 area Sell Setup ▪️Bearish Continuation ▪️Short from 98.00 area to previous lows for next impulse phase Leave a comment below and share your opinion. Trade Safe Thanks
The price had a nice breakout from the descending channel on the daily timeframe. After the breakout the market had another breakout from the static daily resistance with volume on 1.8$ area. on 4h timeframe the price is testing the supply zone, the 2.5$ area is a key level for WAVES, and now the market is creating a rising wedge. A rising wedge is a bearish...
BITSTAMP:BTCUSD Breakdown of Rising wedge pattern at 23665; fell to 18550. Breakdown of Parallel channel at 19500; fell to 17256 extending its downward rally of almost same value till 15480. After forming a bullish tweezing candle, BITSTAMP:BTCUSD started forming steady HLs.