Falling wedge nearing its peak
Most significant support level drawn on the chart and used as an aggressive target.
Stoploss under the high volume rejection wick.
Im not a financial advisor. Please do your own DD before taking any trade.
Falling wedge in rising channel.
Target and stoploss indicated on chart.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own...
A rising channel can be identified in ADA/USDT.
If the current breakout turns out to be a false break with a high timeframe close back into the channel range we could head back to the support levels identified on the chart.
- Support level 1 corresponds with the mid line of the channel.
- Support level 2 corresponds with the bottom line of the channel.
Bearish...
Short idea based on:
1. Peak of rising wedge.
2. High volume rejection candles.
3. Gaps identified.
Stoploss: Above ATH.
FYI: High time frame support levels are highlighted on the chart.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an...
Rising channel with 2 high time frame support levels.
Price is likely to drop to the bottom line of the channel.
From this moment I we will be looking to take a position for which I will take profit on the 3 targets identified by the green arrows.
Whether I take an entry on this level is dependent on volume price analysis on this level. Update will...
Long trade setup based on
1. Falling wedge
2. Double bottom
3. High timeframe support
Disclaimer: Im not a financial advisor and this is no financial nor trading advice.
