BTCUSD on the 15-minute chart appears to have formed a rising wedge pattern which typically forecasts a breakdown and a fall in price. Overlaid is the LuxAlgo predictive model-based on a gaussian regression line ( top shelf mathematics) with a lookback to the left for similar patterns on which to found the forecast. The algo indicator validates a bias for a...
FX:XAUUSD updates another high to 2431.4 and then begins to shed heavily amid profit taking by traders. The weekend also proved to be fundamentally important for the markets, which may react strongly. Most of the nearly $100 drop is due to profit taking by traders as the price reaches psychological levels, but the drop to 2300-2350 allows to find new buyers at...
In this chart we have observed a Rising wedge in which price is continuously rising and volumes are started shrinking. In this condition the buyers loose interest in buying on that high price. So as we spotted a Bearish Divergence and it will take a slight dip to the TP we suggested.
🏃♂️Bitcoin is moving near the 🔴 Resistance zone($73,700-$71,800) 🔴. Above the 🔴 Resistance zone($73,700-$71,800) 🔴is also an important 🟡 Potential Reversal Zone(PRZ)($82,800-$73,700) 🟡. 📈From the point of view of Classic Technical Analysis , it seems that Bitcoin has succeeded in breaking the lower line of the Rising Wedge Pattern , and there is also the...
In this chart we have observe it is an Uptrend with HH & HL. then we spotted a Bearish Divergence in the RSI. with that we see the price is start shrinking creating a Rising wedge. which lead us to take a short entry
Trading Bitcoin doesn't have to be hard. With proper food, we can increase the probability of our trades. There is no secret that a large part of the Bitcoin community is on a carnivore diet (a meat-based diet). They believe meat, especially red fatty meat, is essential for human health and brain function as it contains hundreds of yet-undiscovered vitamins that...
This short-term action reminds me of a trap in 2018 at the $6,000-7,300 range~, where we were in a giant rising wedge (similar to the one were in today). Expectations are that Bitcoin will move up from $68,300-69,000 support to $73,000 by March 30 then rug pull everyone prior to the Monthly close. The sell off would take us to $64,000-63,000 initially then...
RCL took a bit of time to recover from COVID but has now done well. The dialy chart reflects this. Last year price rose in the winder and spring then fell when the summer ended and reversed upside in November. Ir is now in a rising wedge and price is at the upper trendline. It is confluent with the second upper VWAP band line suggesting not much room upside...
📈 Bitcoin has recently exhibited a rising wedge pattern on the 4-hour chart, indicating a potential correction in the near term. This pattern is characterized by converging trendlines forming higher highs and higher lows, signaling a weakening momentum and a potential reversal. 🔍 💲 As of the time of writing, Bitcoin is trading at $68,200, and based on the...
Ashok Leyland is around the medium support With the support EMA is also working and we are getting support around the same level Support levels are 155-160 We can see jump upto 210 level in coming weeks Thank You !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
In this chart we have spotted Rising Wedge, so place Entry, TP & SL level accordingly. we can expect a downtrend
In this chart we have spotted a rising wedge which means at a certain point it will start a down rally. There series of HH & HL. we also spotted Divergence in the RSI which also indicate a down trend.
BINANCE:BTCUSDT.P As mentioned earlier, Bitcoin (BTC) has recently fallen below the $60k area price point. This marks a critical support zone, where bulls must maintain control to prevent further declines. The market is now in an expectant state, let's watch closely to determine whether BTC will stay within this critical range or face further downward movement
In this chart we have seen a series of HH & HL but in the rising wedge formation which means if it breaks the previous HL then it will rally a down trend. We also spotted a bearish Divergence which also support the short entry
In case of bearish breakout of a rising wedge pattern base on technical analysis text book, we could expect more bearish move in price. Also we can see in the last bullish move price formed a bearish divergence. Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move. If you've found this...
The US500 index has been rising within a rising wedge pattern since January 17th. However, this strong bullish trend has begun to show signs of losing momentum as overlapping waves develop. Overlapping waves are a key indicator of a potential reversal, signaling a loss of momentum. Additionally, the rising wedge pattern itself is a powerful reversal...
PVRINOX is around the long term support !! Long term support is working from 2008 and now around the support Long term support is around 1150-1240 In a weekly timeframe Stock is making falling channel Falling channel support is also coming around 1180-1240 We have confirmed these levels from 2 charts So Probability is higher that prices may bounce from...
If Bitcoin is unable to get above the bottom of this long-term rising wedge, the top may be in when it fails to reclaim it upon re-test. It could still go as high as 85-106k, or even higher the longer it takes to reach wedge bottom. Given this turns out to be true, when this top is finally in we may see the deepest and longest correction in Bitcoin's history,...