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...
Super simple idea here, each time we've been in a rising wedge we've finished it with a move down. Each time we've been in a falling wedge, we've finished with a move up. The present falling wedge started as a rising wedge and then moved down, now it is a falling wedge, and now I'm expecting correction as we've been in a downtrend for a little over 400 days...
I'm deeply in love, don't you know pump it up, you got 2 pump it up.mp3
You can also analyze in 4H timeframe! wait for breakout
watch the falling wedge for the bullish reversal. 20 SMA ~365. interesting symmetry from the swing high to what now might be the swing low. due own due diligence, not a recommendation either way! large risk profile in this name as ATH is up over 400% year to date.
This trade has been even better than my 1st targets show. I did not exit this trade still yet. I may though soon as we may be at a top and this trade has made so much money for me. Gold has been very good to me this year. Here is my initial trades ideas I posted too and links below. initial idea: change of plan of the idea: and revalidation of original...
Be greedy when others are fearful. No one is worried about the future, especially cryptocurrency ! there is a beautiful pattern ( bullish falling wedge ) ! :-) it's going to go 42000$
Since Sept TQQQ looks like it's formed mini Wedge patterns inside possible Wedge ready to Form. The downside is calling to complete this atomic Wedgie Sandwich!!! Don't be tricked by the long play or the atomic wedgie will hurt!! This is only an incredible idea so please do your own due diligence! Comments welcome!
gbpaud its already begin to fall. keep watching! Dont miss!
STP Crypto Alert 5/22/20 @everyone -- Swing Trade - - - 4hour chart looking bullish - Swing Trade - Falling Wedge Ticker: TOMO/BTC Entry: 4150-4250 sats Take Profits:4350, 4450 ,4550, 4650(.236 fib), 4750, 4850, on up to 6550-> (measured move of the falling wedge) -->11k-12k sats is longer term target of the fib extension! Stop Loss: 5-7% stop loss however you...