Identified a bullish falling wedge reversal setup, price already flipped over the trendline resistance. We should focus on the area of interest shown on the chart for possible tradable action.
A clear breakout of a long time processing falling channel. Aaaand, retested. What now? ;) NOT FINANCIAL ADVICE.
The image shows a chart with an Elliott Wave pattern applied to the price data of ALCX/USDT on a daily timeframe from a Binance chart. The Elliott Wave pattern consists of a five-wave structure, with three impulse waves (1, 3, 5) that move in the direction of the trend and two corrective waves (2, 4) that move against it. In the image, waves 1, 2, and 3 have been...
ALCXUSDT Technical Analysis Update ALCX Formed falling Wedge Pattern Buy zone : Below $16.10 Stop loss : $13.75 Take Profit 1 : $18.50 Take Profit 2 : $24.75 Take Profit 3 : $41.00 Spot trade Always Keep Stop Loss
It seems like we have completed the impulse wave and entered the correction phase. The correction took the form of a normal B. This correction's C leg exhibits a five-wave structure and concludes with a terminal impulse, marked by a 5x pattern. This suggests that the subsequent wave, following this correction, has the potential to reach a new high within this...
alcx is very bullish because : 1-we have falling wedge , our downtrends are weaker than our up trends. 2- we have nice and clean divergence in rsi. 3 - in rsi the downtrend is broken , the trends in rsi usually breaks earlier than charts. 4- the volume increased to its all time high volume level. 5 - i daily time frame alcx break the last high. for tp i think...
Everything is displayed on the chart if you have any questions write it on a comment. Good luck This is not a financial advice DYOR
Hi all. ALCXUSDT is at a strong support, forming a triangle with an increased volume of the buyer, I consider a set to the spot now and a long position when the trend line is broken/retested. Marked targets and levels on the chart.
Direction: Long Market: Spot Risk: 0.25% - 1% #USDT_ALCX Exchange: BINANCE Timeframe: 360 TP1: 15.27 Entry: 14.03 STOP: 12.79 Entry Conditions: | Falling wedge break | Volume confirmed | RVI Break and uptrend
Seems Like Getting Ready For Further Recovery Formed Falling Wedge In h8 Timeframe Incase Of Breakout Expecting 45 to 50% Bullish Wave
Direction: Long Market: Spot Risk: 0.25% - 1% #USDT_ALCX Exchange: BINANCE Timeframe: 360 TP1: 19.24 Entry: 18.27 STOP: 17.3 Entry Conditions: | Unfilled weekly pivot | Volume trend break
After the formation of ED in wave A/C, the downtrend is expected to correct at least by 0.618 fibonacci level