EurGbp Formed a Wedge Pattern.Looking for Impulse Down.
EurGbp moving down soon. EG formed a bearish 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 comments.
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Wedge
GFL Environmental | 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
# GFL Environmental
- Triple Formation | Uptrend Bias
- Wedge Structure | Continuation Set Up
- Retracement | 50% | Awaiting Target
- 012345 | Hypothesis Entry Feature
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
SEI/USDT to $3.08sei ran up to $1.13 came back to 0.618 FIB (golden pocket) in a fallen wedge .
Technical target of this pattern is $3.08
TVL (total value locked) in SEI is at ATH , I see SEI repeating what SUI did a few weeks ago; I pasted to SUI pump and put it over SEI chart and as you see its kinda similar.
SEI showed incredible strength today while BTC dumped
I wont be suprised if we reach a $1 SEI by jan 2025
PEPEUSDT → DUMP Phase. Manipulation before growth? BINANCE:PEPEUSDT after "PUMP" goes into a plum phase or “DUMP”. Key support is under attack for a long time and may not hold up
For the last week and a half, the coin does not react in any way to the bitcoin growth and is in the consolidation phase, but if you look closely, the consolidation has the character of a descending triangle, which indicates the growing pressure from the sellers.
If the support at 0.00001880 does not hold, the coin may form a strong impulse.
Targets in this case could be 0.0000149 or 0.00001388.
Resistance levels: 0.0000195
Support levels: 0.0000188-0.000018
Emphasis on key support and resistance. I do not exclude that a retest of resistance is possible, but the overall picture at the moment suggests that there may be a breakout of the base, reaching liquidity zones before further growth
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:PEPEUSDT ;)
Regards R. Linda!
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!
Bitcoin can rebound up from support area to 101K pointsHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some time ago rebounded from the support level, which coincided with the buyer zone and dropped to 85000 points. After this, the price turned around and started to trades inside the wedge, where it later rose to 89400 level and broke this level. Next, BTC rose to the resistance line of the wedge, after which it turned around and made a correction to the support line of the wedge, after which it continued to grow. Soon, the price broke the 89400 support level one more time, made a retest, and later made a correction to this level again and then bounced up. Price rose to the resistance line of the wedge and soon exited from this pattern. Then the price reached the current support level, which coincided with the support area and broke this level. After this, BTC started to trades inside the wedge, where it reached the top part of the range, but a not long time ago, BTC made a correction to the 97300 support level. So, in my opinion, Bitcoin will fall to the support area and then start to grow to the top part of the range. Then it can exit from this pattern and continue to move up next, therefore I set my TP at 101000 points. Please share this idea with your friends and click Boost 🚀
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
BINANCE COIN (BNBUSD): Bullish Wave is Coming
Binance Coin leaves one more strong bullish clue.
After a strong bullish wave, the price formed a falling wedge pattern.
Its breakout is a strong bullish signal.
With a high probability, growth will resume soon and the price will
reach at least 683 level.
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Lindblad Expeditions Holdings | 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
# Lindblad Expeditions Holdings
- Entry Bias Hypothesis | 012345 Wave Infliction
- Triple formation | Uptrend & Subdivision
- Pennant Structure | Wave 3 Continuation
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Lucid Group, Inc. | 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
# Lucid Group, Inc.
- Wedge Structure | Trend Scale Up
* Double Formation(12345)
- Pennant Structure | Failed Target
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
RUNE/BTC ThorChain Bullish Exit. Chance to triple your Bitcoin!BINANCE:RUNEBTC is forming a perfect trade setup with a clear defined stop loss and a few targets at +50%, +75% and 3x the current price.
I've been watching RUNE for a long time, and I have made two calls in the past year that were both correct in direction but never reached their targets.
The first call:
On the week of 12 April 2024 when this triangle was broken, I called a target of 3116 Sats. The target was never reached. We ultimately reached a low of 5100 Sats, but we did so in a gradual fashion respecting a descending trendline, which supported the price and acted as a lower line of a falling wedge structure that looks like this:
This was my second call with a target of 10,200 Sats. That target wasn't hit either.
The same lower line of that orange falling wedge now, in light blue, defines the bottom of a new falling wedge structure which is the main subject of this trade.
Price has broken above the falling wedge, then attempted a reversal off the top of it. Four times, the upper line supported price only to be broken the fifth time. A week later, price broke again above the line. I believe this is a perfect setup for a trade with a tight yet reasonable stop loss, and potentially a 3x bullish target.
Bear in mind, I'm calling 3x versus Bitcoin. I'm not talking about BINANCE:RUNEUSDT , which may well reach higher gains.
The stop loss is represented by the descending support line (dotted light blue) beneath the Falling Wedge's upper side.
The Targets are:
50% up to 8400 Sats.
75% up to 10,280 Sats.
200% (3x) up to 18,000 Sats.
Whether RUNE's price will reach these targets depends on the strength of the move. In the case where price gets rejected before or at reaching the first target at 8400 Sats, we can judge the momentum to be too weak, and expect a drop back to the falling wedge, this time, reaching the bearish target of my first call at 3116 Sats.
If the move is strong enough to reach the second target of 10,280 Sats, I expect a pull back and re-accumulation phase into what I labelled the Launching Platform on the chart. (Should've simply called it a Launchpad XD). This could be a bull pennant or an ascending triangle. That's what will push price to the third and log-scale target of 18k Sats.
Follow this chart here .
S&P 500 Technical Analysis Ascending Triangle vs Rising Wedge I've identified two potential patterns on the S&P 500 SP:SPX chart:
Ascending Triangle (blue trendlines): Higher lows and flat highs, with breakout potential above the flat top or a breakdown below the higher lows. Indicated by blue arrows.
Rising Wedge Developing (red trend lines and arrows): Higher highs and higher lows, with a potential bearish breakout below the lower trend line or a less common bullish breakout above the upper trend line. Red arrows highlight the touch points on the rising wedge pattern.
Pattern Rules:
For a valid pattern, the following rules apply:
Ascending Triangle:
At least two higher lows
Flat highs
Decreasing volume
Breakout above the flat top or breakdown below the higher lows
Rising Wedge:
At least three touch points on each trend line (I will use as few as 2)
Higher highs and higher lows
Decreasing volume
Breakout below the lower trend line or above the upper trend line (less common)
Quick Review for Beginners:
New to chart patterns? Here's a quick rundown:
Higher lows: A series of lows that are higher than the previous ones.
Flat highs: A series of highs that are roughly the same level.
Decreasing volume: The trading volume decreases as the pattern forms.
Breakout: When the price moves above or below the pattern's boundary.
Trend lines: Lines drawn to connect the highs or lows of a pattern.
Keep in mind that chart patterns are not a guarantee of future price movements, but rather a tool to help identify potential trends and trading opportunities.
USD JPY Weekly Usdjpy weekly
✔Breakout and a Retest of trend
✔Rising Wedge
✔Breakout of support on D_TF and Retest,
even though it dropped to about 160pips last week, later went up above previous entry it pretend to Breakout of trend to the up side, I guess news caused that
but all the downside confirmation are still checked.
Getting closer and closer to the bullflag targetsTwo of the biggest patterns bitcoin has broken upwards from this year are both bull flags and they both have a bullish confluence measured move breakout target of around $99,999. The first one that’s been forming the longest from we actually broke upwards from all the way back n February or March, and here is what it looks like: it was all the way back then I knew we would eventually reach this target and it’s extremely satisfying to click play and watch price action go directly to the target. You can see the price target for that one shown at the chart on the top of this page at the top of the dotted purple line. The other big bull flag of this year we only just recently broke upwards from in October, and it has also had beautiful priceaction unfold perfectly shown here: Clicking play on this chart also is amazing to watch it seemingly go up and hit the exact target with the dotted red line acting as a magnet. That same dotted red line can be seen on the chart image above on this current chart idea. Even though on both of those charts it looks like we have already hit the exact target, when you zoom n on the daily time frame here you can see that we came within a whisker of hitting the $99999 target but still have only gotten just below it. IN the process recently we have been consolidating in a rising wedge (as indicated by the diagonal pink trendline) and a rising channel (the ascending red trendline + the dotted red trendline). The rising wedge also can qualify as a bullish pennant and when you factor in the pink flagpole to where price has broken above the top trendline of the wedge, the measured move target for a breakout of such a pennant is around $116k. Rising wedges default mode is to break down instead of up, but in a parabolic bull phase many of them can consecutively break upwards, I do believe at the very least price action will finally reach both the dotted red and dotted purple targets. However, since that was the full target for two of the most pivotal bullish chart patterns of the year that may actually be a good time for it to make a solid correction. We also have the psychological resistance of 100k where many people would likely take profit at which could add to the liklihood of a correction in that range. Usually once price gets this close to a psychological level it tends to hit it so it would not surprise me at all if we hit 100k before the correction, there’s also a chance we could hit the little pennants 16k breakout target before the correction too but if we correct right after 100k, right after the 115-116k target zone, or just above that at the next big resistance area around 120-130k which is the top green trendline of this series of channels on the log chart: My belief is the correction will go down to fill the gap that was created in the CME bitcoin futures chart shown here: . I think it could likely retest that zone right around the 1day 50ma (in orange) rises up to meet that zone. My goal is to wait for a pullback back around there or back to the neckline (in yellow) of the big cup and handle we broke up from just recently, I will look for those levels as potential zones to make any additional entries into the market. The cup and handle has been by far the absolute biggest chart pattern of the entire year, however the channel of the red bullflag is also the handle of the cup and handle. Will be interesting to see how much of the above plays out how I anticipate it will. *not financial advice*
SPY Ascending Triangle pattern AND Rising WedgeAMEX:SPY Printing a nice ascending triangle pattern along a rising wedge. Could go either way as marked out but considering last weeks action the time for the rally of santa is here as we head into the day of the great Turkey. Some fat wall street bankers have to cover and generate returns they keep pushing people out of positions just to buy them up. Very likely we set a new ATH on SPY this week. We just as easily could reverse as rising wedges tend to be bearish signals.
an update on DOT's Bullish trendDOT is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 6.80$ Stay tuned for more updates, thanks.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Update idea
DOGE To Mars - The Elon RideDOGE got a memorable boost with the previous FOMO.
With the Crypto Markets preparing for the next boom, I think this one will go again.
This dog went to the Moon, now Elon's gonna take it to Mars.
I will not hesitate to get my hands on this Dogecoin at the $0.03-$0.01 range.
DOGEUSD ( DOGEUSDT , DOGEBUSD ) Tech. Analysis:
* Elliott Wave Impulse: Cycle A (white)
* Elliott Wave Correction: Primary A-B-C (red)
* Ending Diagonal: Primary C (red)
* Bullish Divergence
* Demand Zone
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Double Bottom
It might take a while, but it proved to be a nice meme coin.
So, might as well get some if it provides a better level.
Ripple XRP - The Banks Worst Nightmare - Beast ModeRipple ( XRP ) will put the banking system to the test.
Many attempts to shut down this "wonderful" coin have been made.
Still, it's alive, has a pulse, and it's barely getting started for the New Crypto Age.
It will take some time indeed, until it would be implemented in the systems.
All I can say is that, IMO, the Crypto Revolution is inevitable.
Anyway, let's get on with it and have a deeper look at Ripple.
XRP ( XRPUSD , XRPUSDT , XRPBUSD ) Tech. Analysis:
* Elliott Wave A-B-C Pattern: Cycle a-b-c (red)
* Ending Diagonal in Cycle C (red)
* 88.6 Fibonacci Retracement
* Bullish Divergence
* Demand Zone
* Double Bottom
There you have it! A trading set-up.
But where's the level bro?
Oh.. yeah, it's $0.175 .
Good luck you HODLer!