On the above 2-week chart price action has corrected 95% since early 2021. A few reasons now exist to consider a long position: 1) Price action and RSI resistance breakouts. 2) Support on past resistance confirms. 3) Trend reversal. A higher high prints. 4) The wedge pattern allows for a price action forecast to 130. Is it possible price action corrects...
Silver is testing a key daily horizontal support at the moment. I see a strong bullish reaction to that on an hourly time frame: I see a confirmed breakout of a resistance line of a falling wedge pattern and a double bottom formation. I expect a pullback at least to 26.64 ❤️Please, support my work with like, thank you!❤️
Hello dear friends, I hope you're doing well. Before delving into Solana and Bitcoin analysis, let me reiterate two important points for newcomers and myself: 1. If you haven't profited from market dips or experienced severe liquidation, take a few days off from the market. 2. Avoid entering the market for revenge, as emotional decisions could lead to further...
FX:NZDUSD bounces and strengthens towards MA-200 and resistance of the current trend on H1 against the backdrop of the dollar index correction. On D1 the medium-term outlook is clear. There are no prerequisites for the change of the global trend and most likely the fall after the resistance retest may continue. The dollar also at the moment does not give...
Divergence within Divergence. Weekly and Daily Bearish Divergence. Forming a rising wedge on the 4H chart, more divergence. It won’t be long now.
The Yen has taken quite a beating this year, but upon analyzing its price action I noticed it is currently inside a falling wedge which usually breaks upwards most of the time, so perhaps this pattern can help rescue it from further demise. We will know soon enough as its nearing its apex. *not financial advice*
CRYPTOCAP:BTC is almost at the reversal zone at 1.618 fib level 59,384USD. bullish divergence at the smaller timeframe while also forming a bullish falling wedge pattern.
On the above daily chart price action prints within a rising wedge pattern since first testing 3000 dollars. The rising wedge pattern is a trend continuation pattern. In 82% of cases it is observed the exit is bearish. The wedge pattern is also a reliable predictor of price action forecasts. Take a measured move from the failed support to the bottom of the wedge...
BYBIT:BTCUSDT.P Seems to be creating a nice Bullish Wedge, or am I just imagining things? No indicators, Purely Boxes, Lines, Arrows. Just in time for BTC's Last Leg before post halving parabolic.
A descending wedge in an uptrend has led to textbook breakout with Uranium X ETF ($URA) Could be a retest though at 20.50 Weekly chart has been used
Please do your own analysis. Falling wedge is a bullish chart pattern and target key levels are mentioned. Manage your risk according to your portfolio before taking any type of trade.
RECLTD formed a falling wedge pattern on daily chart. Looking at the angle at which the pattern has formed one can expect a slow climb towards the target. Moreover price has tested multiple support and resistance point that would act as a good support for price when it goes down. Both bullish swing and bearish swing were equal in power so skipping this one. Still...
While the sector is likely to rally here, I expect more holders to make their exit. Absent any major news from Roman or a Gov't statement from Niger regarding the property, it's unlikely to mount a reversal. Chart is showing a downward continuation pattern.
Reasons for bullish bias: - Falling wedge breakout - Bounce from strong support - Entry at LH breakout Here are the recommended trading levels: Entry Level(CMP): 195.70 Stop Loss Level: 136.71 Take Profit Level 1: 243.83 Take Profit Level 2: Open
According to the weekly trend of Bitcoin, this currency is in an ascending channel that has moved from the bottom of the channel to the top and has broken the middle line of the channel and want to move to the top of this channel (about 100,000 $).This is a buying opportunity for buyers and Bitcoin will not return to these areas because there is a lot of money...
According to the weekly trend of Bitcoin, this currency is in an ascending channel that has moved from the bottom of the channel to the top and has broken the middle line of the channel and want to move to the top of this channel (about 100,000 $).This is a buying opportunity for buyers and Bitcoin will not return to these areas because there is a lot of money...
Hi. KUCOIN:GTAIUSDT ➡️ the odds of another bullish Movement is Pretty high because the pattern which GTAI is in, Is a Bullish wedge Pattern! Since The break out has happened. ✅ Due to the Ascending structure of the chart... 🟢 The odds of another Bullish Movement is High! 🟢 Bullish wedge is Visible on The chart! 🟢 Bullish Divergence 🟢 FALLING WEDGE 🟢The...