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Broadening Wedge

Thoughts on ETH/BTC symmetry (and what may come next...)Hello everyone! I'd like to bring this insight to the community: ETH/BTC chart seems to be respecting a curious symmetrical price action since November 2019. And if this continues to be respected, there will be some agressive moves ahead! So far so good! This symmetrical relation has been quite accurate for 5 times, from points 'A' to 'E' on the chart. Highs and lows have been extremely similar regarding price level and distance from the center vertical line, used as the symmetry reference. This analysis indicates ETH is about to make a powerfull move against Bitcoin any time soon! But then, if you ride this move up, take profits and run away; you don't want to hold for what comes next... A great "buy the dip" opportunity would come later, though! 😅 Extending this symmetry for too long might not be appropriate, however. It seems hard to believe ETH would have a crash agains Bitcoin once the broadening wedge is broken. But till we reach that, I'll be looking closely to this pattern. Do you think we will reach F, G and H accordingly? >> Please leave your thoughts on this idea. 😉 Safe tradings, folks! 📈✅
Long
by B4Baggio
2
ALICE/USDT has a massive bullish potential!Hi every one ALICE/USDT ALICE/USDT is ranging in a broadening wedge it seems and now the price has reached the bottom of this pattern (which is also a strong support for ALICE!) so now it is expected that the price would Increase from this point because of this reasons: 1- the price has reached it's bottom (strong support) 2-on MACD indicator there is a visible bullish sign! the MACD line is about to cross the Signal line upwardly! this is of course a Good bullish sign! 3-there is a Regular Bullish Divergence on RSI indicator as well which is another Great bullish sign as well! for this particular reasons ALICE has a strong chance of starting a Great bullish run so be prepared for it! *Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
9
$NVFY BROADENING BOTTOM$NVFY BROADENING BOTTOM FIBONACCI SEQUENCE TIME LINE Sine wave Massive Dark Pool buy indicated on 6/01/2020 indicated by BSP RAW indicator via TradingView Nova LifeStyle, Inc., through its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers worldwide. The company offers upholstered, wood, and metal-based furniture pieces for the living rooms, dining rooms, bedrooms, and home offices. Its products include sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. The company also provides physiotherapeutic jade mats for use in therapy clinics, hospitality, and real estate projects. It distributes its products under the Diamond Sofa brand directly, as well as through internet sales and online marketing campaigns, and participation in exhibitions and trade shows primarily to furniture distributors and retailers. The company was formerly known as Stevens Resources, Inc. Nova LifeStyle, Inc. was founded in 2003 and is headquartered in Commerce, California.
NASDAQ:NVFYLong
by BADQOMOCAWGOWLD
1
GBPAUD, 4hr tf, breakout of broadening wedgeRecently, price managed to break below the support of this ascending broadening wedge pattern. Notice for price consolidate near the support before breaking below it. This consolidation looks like a bearish flag to me. We could expect price to continue go down towards 1.8100 area. The target of this wedge is at 1.8092 but we will aim to take profit a little bit above the target. Sell GBPAUD 1.8260 Stop loss 1.8320 Take profit 1.8110 (2.5R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
7
(update) XLM/USDT broadening wedge is still reliable!Hi every one STELLAR / TETHERUS this is only an update on XLM/USDT situation as you can see the XLM has not broken out of the broadening wedge and just touched the bottom line of this pattern but there are Hidden bullish divergences on MACD and RSI indicators now so this means the price has bigger chance to increase from this point rather than decreasing! Previous Analysis Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
11
XLM/USDT is ready to fly once again!Hi every one STELLAR / TETHERUS XLM/USDT is now in a broadening wedge! the price can range between this pattern Until the break out happens! as you can see XLM has reached the bottom of this pattern and now is trying to move to the top of this pattern! so this means XLM can touch It's ATH once again! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
21
$FUBO Descending channel and Broadening right angled formationAfter reaching all time highs as a result of "short squeeze" during late 2020 $FUBO crashed to $23 forming a support line. The price of the stock increased to $58 per stock with good news on acquiring streaming rights of European Football games. People started dumping their stocks (including me) making a huge profit and got out of game. I would say overall Fubo is bearish and is trading between 2 red lines (descending channel) making lower highs and lower lows. During march the price fell below $23, breaking the previous support line and making new lows. What caught my attention is that the stock broke out of the descending channel by forming a broadening right angled pattern. The stock made 2 minor highs and 2 minor lows which confirms the formation of the pattern. Our previous support line turned into horizontal top resistance line and down slopping trend line once again confirms the broadening right angled formation. The stock made partial rise towards the top trend line but failed to touch it during last few days. I expect short term bearish continuation. I would expect 10-15% decline in price in upcoming 2 weeks. I would suggest to wait for the final confirmation of volume as in these types of formations prices can break out in either direction. This stock is on my watchlist and I made a good profit In January. I will give you an update next week if I see any signs of a breakout. Good luck and trade smart! (not a financial advice) Please like and share if you like my idea.
NYSE:FUBOShort
by faridisayev
BTC/USD situation explained! (read the caption)Hi every one Bitcoin / U.S. Dollar you might be wondering what is the BTC situation right now. well as you can see the Elliot waves principle has been completed and the price is ranging in a broadening wedge . the price is now near the bottom of the broadening wedge and is ready to fly once again! for now please try to NOT trade in futures because It's dangerous as hell and hold on to your portfolio ! :) note that after the completion of the Elliot waves the price can start a strong bullish movement! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
COINBASE:BTCUSDLong
by CobraVanguard
27
BCH/USDT has a great entry point!Hi every one BITCOIN CASH / TETHERUS It seems BCH is in a broadening wedge right now! this means the price can move between the wedge lines until the price breaks this pattern! for now the price has touched the bottom line of this pattern and started to increase! so there is a great chance that price would continue to rise from this point! in our prediction BCH can reach 1800$(in long term of course) what do you think? Our more recent analysis of BCH/USDT : Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
6
SOL/USDT on a bull run again!Hi every one SOL / TETHERUS SOL/USDT has started to move in a broadening wedge which is good pattern for bulls in this situation as you can see the broadening wedge can easily increase the price up to 56$! There is also a hidden bullish divergence (+HD) on MACD as well that is a great bullish signal as well! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
21