Euro can reach seller zone and then start to decline to 1.0450Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price traded inside the range, where it at once rebounded from the top part and started to decline to the resistance level, which coincided with the resistance zone. Later, EUR entered to this area, where it reached the bottom part of the range and some time traded near, after which started to grow to the top part of the range. Also, when the price rose, it made a gap and after it reached the top part of the range, the EUR turned around and made impulse down. Price exited from the range broke the 1.0805 resistance level, and continued to decline inside the wedge. In this pattern, the price first rose to the resistance area and tried to break the 1.0805 level, but failed and continued to decline to the 1.0600 current resistance level. Soon, the price broke this level too and fell to the support line of the wedge, after which a not long time ago rebounded up. Now, the price trying to exit from the wedge, so, in my mind, the Euro can reach the seller zone and then turn around and start to decline. For this case, I set my TP at 1.0450 points. Please share this idea with your friends and click Boost 🚀
Wedge
Is C3.AI the next AI Giant to Soar? 123% Potential Upside!🚀 Is C3.AI the Next AI Giant to Soar?🚀
123% Potential Upside! 📈
In this video, we dive into NYSE:AI , a powerhouse in the AI sector, currently retesting a Falling Wedge Breakout!
💡 Key Highlights:
-H5 Indicator: Flashing green for a bullish signal
-Volume Insights: Massive volume shelf with a significant gap to fill
-Technical Analysis: Consolidation box formed on WR%
Targets:
🎯$39
🎯$49
📏$58
Don't miss out on the potential explosive growth of $AI! Tune in to see why this stock could be a game-changer!
NFA
EURO - Price can break support level and continue fall in wedgeHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price grew inside rising channel, where it at once broke $1.0835 level, after which rose to resistance line.
Also, in channel, price made a gap, after which rose to $1.0935 points and then started to decline.
Euro exited from channel, and continued to decline inside wedge, where it broke $1.0835 level and fell to $1.0680 level.
Price tried to grow, but failed and later broke $1.0680 level too, and continued to decline next to support area.
When price reached this area, which coincided with $1.0530 support level, it bounced and now EUR trades near it.
In my mind, price can grow to resistance line of wedge and then continue to fall to $1.0425, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bullish on PEPEPEPE is experiencing a price correction following a significant pump on November 13th. I've identified a bullish wedge pattern that has formed since that date, and PEPE appears to be following this wedge with the potential for a break toward resistance. Despite the recent price decline over the last few days, the On-Balance-Volume (OBV) indicator shows bullish divergence, suggesting upward momentum may be on the horizon.
From a fundamental perspective, I believe PEPE spiked on November 13th, primarily due to its listing on the Robinhood exchange. This exposure is likely to attract retail investors, which could contribute to PEPE's upward momentum in the coming weeks.
IBIT breakout first day of options tradingIBIT is breaking out alongside BTC (obviously) this will be my new way of trading BTC, I have been waiting for this for years. If you look at my BTC chart this is the same idea.
My plan:
Bought shares of IBIT at open, will sell covered calls around 100k BTC
Long call spreads Jan 2025 60/65$
EURUSD: One More Bearish Confirmation 🇪🇺🇺🇸
EURUSD may retrace from a key daily/intraday horizontal resistance one more time.
As a confirmation, I see a breakout of a support line of a rising wedge pattern on 1H.
Goals: 1.05725 / 1.05650
❤️Please, support my work with like, thank you!❤️
USDJPY weeklyI assume a huge ending diagonal that will mark the long-term reversal point for this pair.
It will take more weeks to complete it, need some patience to build a position into the weaking us dollar, that, most likely, will start early next year.
The internal structure requires that the 5th wave prints a clear 3-waves move, so I am assuming a corrective phase before it makes a higher high and completes the ending diagonal
RGTI LongWeekly, Wedge breakout
Long 1.35
Stop 1
Target 3.3
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
For non-Pro option traders, better begin from buying ITM options and keep 90+ days, Selling OTM and less than 60 days.
I will try some samples to test my chart reading and OP strategy:
"Buy in the money (ITM) calls in daily/weekly uptrend, and keep 400 days. "
Related trades:
CAN price 1.6 11/19/2024
BuyToOpen Jan2026 Call C1 Limit 1.0 ( Delta 0.87 , 422 days )
ITM C1 has 0.6 value.
OPK price 1.6 11/20/2024
BuyToOpen Jan2026 Call C1 Limit 0.65 x2 ( Delta 0.85 , 421 days )
ITM C1 has 0.6 value.
POET price 3.9 11/20/2024
BuyToOpen Jan2026 Call C3 Limit 1.05 ( Delta 0.85 , 421 days )
ITM C3 has 0.9 value.
ACHR price 5.06 11/20/2024
BuyToOpen Jan2026 Call spread C3.5/10 Limit 1.6 (C3.5 Delta 0.82 , 421 days )
ITM C3.5 has 1.56 value.
CAN Longwedge in uptrend
Long 1.6
Stop 0.9
Target 3.2
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
EURCHF: Pullback Trade From Support 🇪🇺🇨🇭
EURCHF may bounce from a key daily horizontal support
after a confirmed bullish breakout of a resistance line
of a falling wedge pattern.
Goal - 0.9336
❤️Please, support my work with like, thank you!❤️
BTCUSD Bullish Continuation: Rounding Bottom Supports Uptrend!COINBASE:BTCUSD - 4Hr Analysis
After analyzing the chart, I believe that price will continue its bullish cycle in the next few hours due to the formation of two key patterns: the Rising Wedge and the Rounding Bottom.
Rising Wedge:
The Rising Wedge is traditionally a bearish pattern, indicating a potential reversal or breakdown. However, in certain cases, this pattern can break out to the upside in the short term, especially if the price is near the top of the wedge. As seen in this chart, the Rising Wedge could suggest a temporary bullish breakout before the bearish pressure takes over. The breakout from this pattern often occurs due to bullish momentum pushing the price higher for a brief period.
Rounding Bottom:
The Rounding Bottom is a bullish pattern, indicating that the price has already started a recovery from a period of consolidation or decline. This pattern signals strength and momentum building after a downtrend, making it more likely that the current uptrend will continue. Since the Rounding Bottom is a reliable precursor to a sustained uptrend, it supports the idea that Bitcoin’s price will maintain its bullish cycle.
Conclusion:
The combination of the Rising Wedge and Rounding Bottom suggests that although there may be short-term price fluctuations, the overall trend is likely to remain bullish. Traders should keep an eye on the breakout from the Rising Wedge for potential entry points, while respecting the longer-term bullish signal from the Rounding Bottom.
Follow your risk management and happy trading!
#ETCUSDT #1D (Bybit) Descending wedge breakout & retestEthereum Classic regained 50MA support and seems to be heading towards 200MA resistance, probably after a pull-back.
⚡️⚡️ #ETC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 4.6%
Current Price:
20.620
Entry Targets:
1) 19.256
Take-Profit Targets:
1) 24.837
Stop Targets:
1) 16.459
Published By: @Zblaba
CRYPTOCAP:ETC BYBIT:ETCUSDT.P #1D #EthereumClassic #PoW ethereumclassic.org
Risk/Reward= 1:2.0
Expected Profit= +86.9%
Possible Loss= -43.6%
Estimated Gaintime= 1-2 months
HTF Falling wedge to 5kThis is an addition to the chart I shared earlier today, showing the wedge breakouts and potential broadening falling wedge breakout we should be retesting soon.
There is a 7k+ target also, which I will share afterwards on my profile.
BTC attempting breakoutBTC is attempting a breakout here on the four hour. My 100k target remains by next Wednesday. With IBIT options now live we have even more attention on this sector of the market. I have planned accordingly. BBWP is expanding, and stochastic RSI has reversed.
My plan:
BITX Spot shares to sell at 99k
IBIT shares to sell covered-call as we approach 100k
IBIT 60/65 spread calls for Jan 2025
GRASS/USDT - BUY IDEAGRASS is in strong bullish trend since launched.
As the market is consistently printing new HHs and HLs on higher TF.
Currently the market is retracing a bit after last HH on daily and now forming bullish div , market just gave the falling wedge breakout.
If the market successfully sustain this bullish confluence the next leg high could go for new HH.
we will enter at 2.6198
SL - 2.2788
TP1 - 2.9625
TP2 - 3.3035
BPCL WILL FARTHER FALL DUE TO THIS PATTERN...TECHNICAL INDICATORS -
REVERSED ASCENDING WEDGE PATTERN :
The stock had broken down from this pattern on 22nd oct with a proper red candlestick and fell 34 points since then. It is expected to fall 10 points more to reach the profit target
BEARISH DIVERGENCE :
The stock had formed a "Bearish Divergence" pattern on 31st july & 30th sept and fell considerably after that
PROFIT TARGET :
282.00
EURGBP: Confirmed Bearish Reversal?!I see multiple bearish clues on 📉EURGBP.
The price has formed a double top and a rising wedge pattern on the 4-hour chart, and has broken below the neckline and trend line of both patterns.
These signals suggest that the market may be heading towards a bearish trend.
I anticipate a continuation of this bearish movement towards 0.8306.
CHF/JPY Potential buyTechnicals leans towards a buy, there is a falling wedge pattern inwhich the market has broken and retested the support. SL and TP in chart.
$TOTAL totally streched to upside; up or down?TOTAL is totally streched to upside; it is not only derivating but is also on a dangerous wedge, signaling a very possible drop (purple arrow down), at least to touch:
1- an important Fibonacci Circle (marked on red)
2- the support of TOTAL all-times-high (horizontal blue dotted line)
3- old May 2021 support of TOTAL all-times-high (horizontal pink dotted line)
4- ceiling of ghost channel from the last few months of downtrend (yellow channel)
5- volume weighted support line (black line)
6- possible touch on 200 EMA (green strong line)
You can see also that first pannel is about to show a crossing of RSI lines
Second pannel shows a red dot sell signal on Detonator B
Third pannel shows also a crossing down on Detonator C
MACD is losing strengh
We don´t know yet if the market still has bullets to go to the upside, showed by the thin purple arrow, but it is a possibility, as target coincides with very important (years back) trend line of resistence
ADOBE - WENT BULLISH EARLIER DUE TO FALLING WEDGE BREAKOUTTECHNICAL INDICATORS -
FALLING WEDGE PATTERN BREAKOUT -
Adobe broke out of falling wedge pattern on 2nd & 3rd nov with strong confirmation (2 consecutive moderate sized green candlesticks)
STRONG SUPPORT-RESISTANCE ZONE BREAKOUT -
alongwith the chart pattern the stock also broke out of a strong support-resistance zone 2 days after the breakout (the zone was tested earlier on 4th & 5th oct) which confirmed strong upside momentum behind the stock
PROFIT TARGET -
the stock went upwards for 68 points (the max width of the falling wedge) till 624.72 and went beyond
ProShares Ultra S&P500 | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# ProShares Ultra S&P500
- Support=0 | Uptrend Equivalent
- Bottom LIne | 0.5 Retracement
- Double Bottom | Valid Target Structure
- Wedge Structure | Hold & Range
Active Sessions on Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
FILECOIN Preparing for launch 1:2 Risk Reward setupTo be sure, it is recommended to wait for the break wedge and test it.
Internet Computer (ICP) 50% crash incoming.... On the above chart price action has been trading sideways since June. Recent developments suggest a bearish outlook. They include:
1) Price action and RSI support breakdowns.
2) Trend reversal confirmation with double top print.
3) Rising wedge confirmation with 50% correction forecast to $4 area.
Is it possible this is all gibberish and fundamentals don’t care for Technical Analysis? Sure.
Is it probable price action will correct as forecast? Very likely.
Ww
