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Ascending Broadening Wedge

I Can't Get Over How Great $THETA LooksTheta has been printing an ascending broadening wedge since March 10th. The price is currently sitting in a nice symmetrical triangle. The market as a whole seems bullish right now so there is a high chance that we see this triangle break up. In the short term I am targeting local highs. I think we could see price in the $22.00 range (Fib Extension) by the first week of April if the market remains bullish. The BTC pair for $THETA looks very similar to this chart. I am bullish on both pairs.
Long
by ParCrypto
GME Ascending Broadening Wedge PatternWho knows where GME will end up in the future. Short interest is either back to a normal percent or being underreported and there is a negative beta which is super weird. There are still plenty of $800 contracts for the 19th and decent Q4 earnings for 2020 coming up on the 23rd. Earnings could be a potential price mover, but in my current opinion GME will not see much upward movement unless some of shady shenanigans come to light. If all the current information being reported is correct, anyone long on the stock may have to rely on fundamentals of the company instead of hoping for a potential short squeeze. From the looks of it, GME is filling out an ascending broadening wedge pattern. If volume stays low and buying pressure continues to dwindle, it's likely this pattern will fail and GME will return to its previous support (listed as failure point 1). If all the speculation about the 19th is correct and the earnings call spikes the price, GME may see a move up to the previous high. At that point GME could get rejected at the previous high and lead to double top rejection (listed as failure point 2). If the price regains support at the bottom of the wedge there could be another wave upward and confirm the ascending broadening wedge pattern. All that being said GME has had some weird movements, decreased buying pressure, low volume , and high volatility in the past two weeks leading me to believe there is still some unhealthy schemes waiting in the shadows. So who really knows... (Not financial advice)
NYSE:GME
by ChowMX
6
US10Y Yield Will Show A Growth In Broadening Wedge To 1.75%Throughout the last one month, I noticed that US10Y has been trading within an ascending broadening wedge chart pattern, and has been respecting the two diverging bullish lines that form its dynamic support and resistance extremely well. After bouncing off the dynamic support of the ascending broadening wedge, US10Y is now halfway through its growth towards the dynamic resistance. I expect this growth to continue and hit around 1.75% by the end of March. It is also interesting to note that if US10Y continues to move within this ascending broadening wedge (assuming status quo on a macro level), we are potentially looking at 2.5% to 3% yields by mid-2021. I used mid-2021 as a reference point because this morning, I came across a Wall Street Journal article stating these: "Economists in the Journal survey said they see annual inflation rising to 2.8% by the middle of this year, then falling gradually after that" "“Inflation will reach levels rarely experienced over the past decade, at close to 3% in mid-2021, but uncontrolled overheating isn’t likely,” Mr. Daco said." Source of article: www.wsj.com So I thought it will be interesting to compare it to the current ascending broadening wedge technical chart pattern that US10Y is current trading within, and it looks like we are definitely on track to those numbers if this continues. Just some food for thought! This is not an investment or trading advice so please do your own due diligence! Support this idea with likes and share your thoughts below.
TVC:US10YLong
by AntrePoint
LTCUSD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
BINANCE:LTCUSDShort
by GWBFX
1
AAVEUSD: Ascending broadening wedge Vs. Inverse H&SHello Traders, Decision time. Decision time.. We have an ascending broadening wedge pattern forming on the 4hr. What’s interesting is that we have an inverse head and shoulders pattern forming within this wedge. This gives us a mix signal of a bullish short-term and a bearish mid-term. Outlook: short-term, we may see some continued support to the upside through today and tonight. But I would expect a decent pullback to the strong support line that AAVE has been following for the last month or so. This is where I will set some buy orders in place, just above the line, anticipating a bounce up. If we do seem to follow this inverse and shoulders pattern to the upside, we will probably retest recent highs. If not, then we will want to wait for a confirmation bounce off of that support line and then hold. Good luck!
Long
by MarkStPeter
TESLA ANALYSIS: STOCK MARKETHello everyone, I hope you all enjoyed your three day weekend! Here is my analysis on Tesla, please let me know in the comments below on what you think of this video. This is not financial advice it is up to you on what you want to take on it but I would love feedback. The purpose of these videos is to help educate the public on how I see trading. I also want to say thank you all so much for all of the support and love, I was in a great slumber and now I feel more motivated than ever with all of this support! ~Master Chef out. P.S. If you want to know why I call myself Master Chef lets get this video to 45 likes and I will let you all know!
NASDAQ:TSLALong
by MasterChef23
1
Ethereum is in a broadening wedge pattern.Formation of an ascending broadening wedge after a trough www.centralcharts.com This type of pattern appears during the correction in a bearish movement, it is a bearish continuation pattern. Resumption of the bearish movement after correction. The break in the support line definitively validates the pattern. The price objective is given by plotting the wedge’s maximum height onto the breaking point NB: pullbacks are harmful to the pattern’s performance. Statistics of the ascending broadening wedge after a trough - In 79% of cases, the exit is bearish. - In 23% of cases, an ascending broadening wedge occurs in a consolidation movement. - In 81% of cases, the pattern's price objective is achieved when the support line is broken. - In 40% of cases, the price makes a pullback in resistance on the ascending broadening wedge’s support line. From www.centralcharts.com
Short
by tradepsych
Cardano Forming Bullish Megaphone PatternCardano appears to be forming a bullish megaphone pattern, similar to the one Bitcoin formed earlier during it's current run. You can see from my chart that we have broken through the blue symmetrical triangle and currently testing the upper trend line of the red ascending triangle. Once these breakouts are confirmed this should propel Cardano to the upper trend line of this Bullish megaphone, with a target of around 50 cents. Don't be surprised if Cardano breaks through this trend line and hits a target further to the upside as Bitcoin previously did.
KRAKEN:ADAUSDLong
by Axios20