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Ascending

An ascending wedge pattern is near to break downside!In continuation of the previous post, a nice ascending wedge pattern is near to break downside! what does it mean ? 1- Ascending wedge pattern most of the time informs us about a reversal in the market, mostly in combination with other signals 2- The amounts of this decline is measured by its altitude, in our case, it is 40.5K 3- Remember it needs a proof for breaking its lines (in the case of decline= lower line), so don't hurry but wait for it then get a short position or wait for your desired price to get in (get a long position) And don't forget; if it is not able to break the lower line, it will go up slightly to reach upper line and test it again and again to finally break one side and move as fast as possible.
BITSTAMP:BTCUSDShort
by RoohSur
2
Google Trade Opportunity Google's price has been in a clear ascending symmetrical channel for almost 10 months now. The bias on this should be bearish, however, Google has just bounced once again off of the lower level of the channel thus confirming it as support once more. Downside risk is around 2.5% as a return to the lower trendline would not be out of the ordinary. A break and close below the trendline on the weekly will be enough to refrain from seeking any further immediate longs. Your profit taking target will be the top of the channel which is currently sitting at around 12% to the upside.
NASDAQ:GOOGLLong
by TradeVibez
NZDCAD - possible wildcardhi everyone - haven't posted in a while but im back on the charts! looking over the pairs NZDCAD has caught my eye, after breaking an ascending structure on the daily sitting nicely in the amber zone. price shows a clear 'scoop' (double top) with an element of structure that can be seen approaching the value area on the 4H. i am looking for an entry in the green zone on the lower degree next week if price is to form an element of structure, given the price action previously and the aggressive sell off, i will be inclined to take a RE in this area. if anything else is to form, confirmation and a lower time frame continuation pattern will do just nicely! dont sleep on this one! have a good week everyone! Connor
Short
by connorfx96
$OXBR ASCENDING BROADENING WEDGE$OXBR ASCENDING BROADENING WEDGE, scaling up exponentially... CONSECUTIVE HIGHER BOTTOMS Oxbridge Re Holdings Limited, together with its subsidiaries, provides specialty property and casualty reinsurance solutions. It underwrites reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. The company distributes its products and solutions through reinsurance brokers. Oxbridge Re Holdings Limited was incorporated in 2013 and is headquartered in George Town, the Cayman Islands.
NASDAQ:OXBRLong
by BADQOMOCAWGOWLD
ADA falling wedge, ascending triangle and cup and handle?ADA looking extremely healthy here guys. we have a clear uptrend over the last days, broke out of the falling wedge and the ascending triangle, and also kinnnnnnddd of forming a cup and handle here as well? price targets are very similar and give a clear path for ADA should the market cooperate. possibly the healthiest looking alt coin if you ask me. i personally have been accumulating a lot of ADA as she feels like a sleeping giant righht now and i think in one year we would kill to get ADA at sub $2. lets get this money guys
by g0nzo
BTC ASCENDING WEDGE, DESCENDING VOLUMEon the 4 hour chart, I am seeing an ascending wedge which appears to be accompanied by decreasing volume. Also, the candlesticks have not surpassed the 50% Fibonacci zone, which leads me to believe that this is not a false pattern. If the pattern is correct, then another dip can be expected, breaking the ascending wedge pattern. My guess is that BTC would find support around $29,000. I would love to hear your opinions. BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by CharmingWolf
2
EURCHF - How To Trade This BreakoutEURCHF is within a descending channel of an ascending channel... pretty confusing I know but have a look at the chart and you can see which way price will be heading. What we need to do now is find the best entry which is safe and clean. From the diagram in the chart, you can see that our entry will only be after the break of the descending channel and after a bullish correction such as a bull flag. We need to make sure that price has the momentum to move up so we will be waiting for a breakout of the bullflag before entering with stops below the correction. Goodluck and trade safe!
Education
by WicktatorFX
1