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Broadening Wedge

Will BTCUSD’s Breakout Lead to a $90K Target?CRYPTO:BTCUSD Multi-Timeframe Analysis Current Price: 71,149.92 Bullish Indicators • Cup and Handle Pattern • Descending Broadening Wedge Key Levels • Strong Pivot Level: 62,500 • Ultimate Resistance: 75,000.00 • Primary Price Target: 90,000.00 Cup and Handle Pattern (Weekly Chart) On the weekly chart, BTCUSD has formed a Cup and Handle pattern—a classic bullish continuation pattern suggesting renewed buying interest after a period of consolidation. The rounded bottom of the cup indicates strong accumulation, while the handle represents a temporary consolidation before the next upward move. Based on the measured depth of the cup, we find a potential long-term price projection around 120,000.00, aligning with broader bullish expectations in the current trend. Descending Broadening Wedge (Daily Chart) Zooming in on the daily chart, the handle section has formed a Descending Broadening Wedge. This pattern is another bullish indicator, often signaling potential for a breakout to the upside as it nears completion. Importantly, the price has recently broken the upper trendline of the wedge, reinforcing the likelihood of an upward movement. Based on our measurement of this wedge, we set a mid-term price target of 90,000.00, supporting the broader bullish outlook indicated by the Cup and Handle. Monitor Key Support and Resistance Levels: The strong pivot at 62,500 serves as a critical support level. Sustained movement above this level reinforces the bullish case. Resistance Checkpoints: Price momentum toward the ultimate resistance at 75,000.00 will be crucial to confirm the continuation of the bullish trend toward the primary target of 90,000.00. Happy Trading! For timely updates and additional insights, follow us to stay informed on BTCUSD’s next moves.
CRYPTO:BTCUSDLong
by SpicyPips
Bitcoin is Ready to Take Off!Bitcoin technical analysis update Yesterday CRYPTOCAP:BTC price touched the broadening wedge support line and the previous major support zone at the $50K level. currently, the price is bouncing from this major support and moving towards the broadening wedge resistance. We can expect a gradual bullish continuation from the current level. We could see a strong bullish move once the price breaks the broadening wedge resistance, potentially reaching $100K. Swing and positional traders can enter a long trade in BTC with a stop loss set at $49,000. Regards hexa
Long
by HexaTrades
5
Bearish Reversal Signals: Will the Price Reverse?4H Timeframe Current Price: 20,030.9 Bearish Signals: • Rising Wedge (Bearish Reversal) • Ascending Broadening Wedge (Bearish Reversal) Expect the price to test the first price target (PT), followed by the second. Resistance may trigger a bearish reversal after reaching these levels. If the price finds support, we may reach the third PT, which is at the upper trendline of the rising wedge. Then, after reaching our bullish targets, the price would likely start its bearish reversal to eventually reach 18,749.0. Price Targets: Bullish: • 1st TP: 20,210.3 • 2nd TP: 20,351.4 • 3rd TP: Upper Trendline of Rising Wedge Bearish Reversal: • 1st TP: Broadening Wedge Lower Trendline • 2nd TP: Lower Trendline of Rising Wedge • 3rd TP: 18,749.0 Happy Trading!
OANDA:NAS100USDShort
by SpicyPips
9
GOLD - Price can fall to support line of wedge and start to growHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price traded between $2400 level, which coincided with support area, and later started to grow in broadening wedge. In this pattern, price in a short time rose to resistance line, thereby breaking the last time $2400 level. Next, Gold made a correction to support line of wedge and at once turned around and made upward impulse. Then price reached and at once broke $2635 level and then rose to resistance line of wedge, but recently started to decline. In my mind, Gold can decline almost to support line of broadening wedge, breaking support level. After this, price will start to move up to $2720 points, breaking $2635 level one more time. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
15
SUPER is Bullish now & many Traders don't see it !!As you can see, the price was able to break both the neckline and the wedge line at the same time, which means that the price can rise as shown in the chart. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
Honestly, I don't feel like explaining, the chart says it all !!As you can see, MATIC has created an ascending Triangle and is also located in the Broadening wedge . , which means that if it breaks, we expect the price to reach the top of the Broadening wedge . ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
You are a Fish - LaPlaces Demon Will Help You Escape BTC-WhalesHey Future Demons Lets jump right into the TA. 1. We are in a huge liquidity zone (50k-65k), where the whales have been stop hunting retailers fish for many months. 2. For the above mentioned reason it is normally a good idea to stay out of the market. We don't want to gamble. It's all about money protection and the right mindset. 3. When that is said we are right now in an expanding descending wedge, which is a bullish pattern. I know it's not the perfect example according to classical charting, but since the market is heavily manipulated, it's still a bullish structure. 4. Also the last 24 hours we saw BTC increase with around 3 %, and The Global Market Cap a little bit less. We saw an increase in volume with around 34 %, which also is a bullish sign. 5. Most people are bearish at the moment, but I believe it's a good time to be a contrarian, and go Long. But be careful in this market. Its extremely hard atm. Kind Regards LaPlaces Demon PS. Like and follow. Im here to help you from Wall Street, the Elite and big whales, who will try to outsmart you.
BITSTAMP:BTCUSDLong
by Lapl4cesDem0n
14
#BTC: IS THE DOWNTREND ENDS HERE??Hey everyone! Appreciate a like and follow if this analysis helps! Welcome to this BTC update. BTC is trading inside a broadening wedge pattern in the daily time frame and currently hovering near the lower trendline of the wedge. Every time the price tested the lower trendline, it formed a new lower low but, the first time, it made a Lower high, hinting at a possible shift in momentum. This could signal the end of the downtrend and the beginning of a new uptrend. A potential bullish outcome includes a new all-time high by the end of the year. Invalidation: Daily close below the previous lower low. What are your thoughts on BTC's current price action? Share your analysis in the comments!
Long
by CoreCrypto1
1
BICO's Situation: What Shall we Expect !!!BINANCE:BICOUSDT BICONOMY hit a new ATL at $0.163, and now holding at $0.230 above the support zone If support holds, we could see a potential 300%-500% rally in coming months ,Targets: $0.98 to $1.3 . ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
Long
by CobraVanguard
1
Autossimilarity in $BTC can show the wayThis is a really amazing example of fractal and autossimilarity in CRYPTOCAP:BTC On the panel above, a broadening downard formation in a 2 day timeframe, and on the panel below, the same broadening downward formation, but in the 3 hour timeframe This kind of pattern usually breaks out upward and the target is the height of pattern A increasing volume is expected here to signal the breakout upwards Interesting is that what will happen to the 3 hour timeframe will repeat on the 2 day time frame So keep a close eye to the performance of the short term: because of autossimilarity, long term will copy the movement On short time frame, volume is increasing, signaling a very possible break upwards; on the long time frame volume is making a 'U', but now ascending
Long
by CCCLopes
2
ONE - Looking like a moon trade #ONE/USDT #Analysis Description --------------------------------------------------------------- + The price has reached the broadening wedge pattern and is currently trading within the support zone. + I anticipate this support holding and the price rebounding from this zone. (However, if this support fails, our trade is invalidated.) + I'm initiating a short position at this point and will consider adding more once the rebound is confirmed. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.01983 Stop Loss: 0.01595 ------------------------------ Target 1: 0.02251 Target 2: 0.02560 Target 3: 0.03124 Target 4: 0.03931 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
BTC Analysis, Chart is speaking itself !!! ✅LONGTERAM Road map of Bitcoin🍻 🌟The Bitcoin is in a Bullish phase by ⤵️⤵️ ➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern! ➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) . The possibility of starting a impulse 5th waves!!! ➡️the price now is making a pullback to the bottom of the descending triangle (which is shown in the picture) if the price breaks that important level we shall see a lot of increase in the price! ➡️A inverse head and shoulders pattern means a great bullish trend on the horizon (AB=CD). ➡️also Broadening Wedge it is another bullish sign. 🌟 Bullish signals are: -Head&Shoulder. -Broadening Wedge. - falling Wegde. -This is Longterm Analysis!!! -5th waves ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Long
by CobraVanguard
4
🐳Cardano will Go Up Again🐳Hi. BINANCE:ADAUSDT ✅Today, I want to analyze ADA for you in a 12H time frame so that we can have a MID-term view of ADA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). After the fifth bullish wave, Cardano has completed his corrective waves (ABC) and now he has reached the end of the wedge, now it is time to start the five bullish waves . ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Bullish Wedge. 🟢 Starting 5th waves. ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
The Bullish Case for LTOUSDT! A Comprehensive Analysis!!Hi. BINANCE:LTOUSDT 😊Today, I want to analyze LTO for you in a WEEKLY time frame so that we can have a Mid-term view of LTO regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). LTOUSDT printed a Descending Broadening Wedge below the key level on weekly timeframe ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. - Broadening Wedge Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3
OPUSDT Road Map🗺️!!! situation+next targets.Hi. BINANCE:OPUSDT ✅Today, I want to analyze OP for you in a Weekly time frame so that we can have a MID-term view of OP regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). All says above the incoming breakout and rally🚀 ✅ Due to the Ascending structure of the chart... 🟢658 Days of Ascending Accumulation 🟢Higher Lows Structure 🟢Fixation above the $2.6-$3 Major Supply Zone (Megaphone) 🟢Megaphone is under the Upper Band of Ascending Accumulation Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard