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Ascending Broadening Wedge

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
Price target till february 2021. Thoughts please.Price target of $220-230 because the confluence of : - Fibonacci retracement (0.618 - $219.06) from ATH to September '15 low - Fibonacci retracement (0.5 - $223.52) from ATH to December '18 low - Fibonacci retracement (0.382 - $225.76) from ATH to March '20 low - Low side of the parallel channel formed since the IPO - Low side of the broadening wedge formed in December 2018 - Price target of the new descending triangle forming since 16 November 2020 - MACD convergence divergence negative in Weekly - Chinese regulations risk - U.S delisting risk But probably trend reversal in first weeks of February 2021 when : - New democratic POTUS arrive to the White House in 20 January - New Alibaba earnings release between 02-09 February with sustained growth Please leave your thoughts to create a better community with better ideas. Do you think I'm right or not? Why? I'm from Barcelona so sorry if there are some spelling mistakes :)
NYSE:BABAShort
by HumanBias
7
LINK about to break lower towards $11.50 (Buy Support)*** Disclaimer - I am relatively new to TA *** Moving averages and stochastics are showing bearish signals on the 4 HR . We're in a large descending triangle . Inside that, we're also seeing an upwards broadening wedge play out. I think we're going to break lower to the support around $11.50. This would be a great buying opportunity. If the US reacts positively to stimulus news upon markets opening, this could all be invalidated quickly. I'm bearish , but what do you guys think? This could make a decent short position depending on which route you want to take. I'll personally be putting in a leveraged long at support.
COINBASE:LINKUSDLong
by ZenitCrypto
3
LINK /USD Ascending Broadening Wedge Pattern - $14 TP. Hello Traders, Ascending Broadening Wedge Pattern looks to be forming. Seems to be following the typical pattern of a broadening wedge, Higher Highs, Lower Highs. Steep inclines with staggered lows. Following the three peaks & valleys. Tall & wide. If the price bounces off the bottom trend line of 12.58, continued upward movement should be a good swing trade set-up towards $14. Upon breaking the $14 price point, we can then use it as a confirmation for higher highs to come. But, if the price breaks down below $12.3, then expect a downward price movement. Stop-loss set (tight) at $12.2, Take Profit at $14. Upon breaking $14, look for the next target of $15.7.
KRAKEN:LINKUSDLong
by MarkStPeter