Bitcoin BINANCE:BTCUSD continues to consolidate within an ascending triangle. Recently, the market was spooked by strong sell-offs, but, technically and fundamentally, nothing terrible happened. On the chart we see several important nuances: long shadows, ascending triangle, false breakdowns of local support zones, false breakdown of resistance, which is...
Looking at this Rising wedge on SPY 1hr that has formed after breaking down out of the massive ascending channel it had been in. If NVDA breaks it's ascending channel, it may assist with this wedge breakdown on SPY. Looking for an 8 to 10 point gap down on the hourly. Stay tuned!
CRYPTOCAP:BTC.D most likely will drop and we will enter altcoin season. Rising wedge spotted in weekly time frame, my first target is around 47-49% for a potential retest or short consolidation or maybe invalidation. The main target is around 39-40%, prepare for altcoin season.
If the weekly wedge is drawn from the line chart like this, it gives us a bearish rising wedge that has already had a weak and failed attempt to breakout from the top. Failed breakouts (or failed breakdowns) tend to be strong indicators that - if another breakout attempt doesn't succeed soon after - expect the breakdown instead. Should ETH see that breakdown,...
After a series of consolidation in biocon it's gives are rising wedge channel break out and we can see 362 and 400 level in coming few weeks this is not a recommendation just the view
Bitcoin Dominance may move down to daily support around ~48-49%. Confluence: It has failed to remain above 53.2%, which is the bottom of a resistance area Not pictured: it has also lost the 50 day SMA and is presently pushing on the 50 day EMA It has formed a smaller rising wedge as it moved into resistance and broke down from the bottom of that wedge...
Ethereum is currently bearish because the price is below the major trendline. I am currently bearish and expecting lower prices, but if ETH rises above 2320, I will become bullish again. What are the possible reversal points? Definitely 0.618 or 0.5 FIB retracement of the previous uptrend. 0.5 FIB is not that significant for the crypto market, but in this case, we...
Looking for Impulse Down. GbpUsd moving down soon.It is on retracement now. You should look for entry on lower Time Frame. GU formed a bearish rising wedge pattern to fall. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the...
As We Talked in The Previous Analysis: The USOIL Reached a Resistance Level (74.03 - 74.75). Currently, The Price Formed a Rising Wedge Pattern. The Support Line is Broken. So, I Predict a Bearish Move. ________ TARGET: 69.50🎯
As We Talked in The Previous Analysis: The USOIL Reached a Resistance Level (74.03 - 74.75). The Price Formed a Rising Wedge Pattern. The Support Line is Broken. Currently: The Price Pull Back to Important Structure, and Now It Will Continue Its Bearish Movement📉 TARGET: 69.50🎯
BTC.D Bitcoin dominance dropped from 55.5% to 51.5% after a rising wedge pattern predicted declines Altcoins have rallied strongly as Bitcoin dominance declined, but most alts are now overbought and due for a correction. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
FOREXCOM:XAUUSD is forming a strong bullish trend, but there are some preconditions on the chart, which in tandem with the news can form an unexpected scenario. Today is the last strong news of the year. Namely, at 13:30 GMT Initial Jobless Claims will be published. Overall, analysts are expecting 210K relative to the previous 205K. This is bad data. But a...
CONTAINER CORPORATION OF INDIA LTD Key highlights: 💡⚡ ✅On 1 Hour Time Frame Stock Showing Breakout of Rising Wedge Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 874+. ✅Can Go Long in this stock by placing a stop loss below 838-.
Is AUDJPY exhausting at highs? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 95.5 What you guys think of it?
Historically a break of a Rising Wedge, especially after a weekly Gravestone Doji just printed at the top of the trend while under previous resistance likely means we are a go for ALT ignition sequence...
📈 USDT.D Monthly Analysis: A Rising Wedge Catalyst for the Crypto Bulls 🚀 Traders and crypto enthusiasts, buckle up for a potential game-changer as we dissect the monthly chart of USDT.D (Tether Dominance). The recent confirmation of a rising wedge pattern has set the stage for what could be the ignition point for the next crypto bull market. 🔍 Analyzing the...
You never know when a rising wedge will break really but one thing for sure is you don’t go long when you see it forming. Rising wedges can be invalidated by a violent breakout. However, that usually results in an upper wick and falls back down anyway. Cheers GL. This is a follow up from my previous in depth analysis.
APOLLO HOSPITAL LTD Key highlights: 💡⚡ 📈 On 1 Hour Time Frame Stock Showing Reversal of Rising Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Above 5680+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 5950+. 📈 Can Go Long in this stock by...