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Broadening Wedge

ATOM's Movement scenarios In The Next Few DaysHi every one COSMOS / TETHERUS ATOM is in a Broadening wedge. The Price is gonna range In this Pattern For Now Since There are no Clue of a Break out or Sign of It. So right Now The Price is at The Top of The wedge But It shall Start To Decrease Soon. ATOM has Not been Able To Break It's ATH 3 Times in a Row(Around 44$) So The Odds of Doing It for The 4th Time Is Pretty low. In The Best Possible Scenario It would Decrease to The Drawn Support Zone and Then It would Start To Increase Again. Even a Break out Might Happen & we would See ATOM above 44$! This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
5
Triple trend line intersection on BTC daily. I have had a descending, broadening wedge drawn for a while. Somewhat later I identified a falling wedge inside of the broadening wedge. I noticed an intersection of the supply lines of the two wedges and the demand line of the falling wedge. It corresponded to the lowest daily price for BTC, so maybe it does have some significance. BTC previously broke out of the broadening, descending wedge. This low represents a backtest of the previous supply line (now acting as a demand line). I'm not sure if back testing the previous supply line of a broadening wedge is something that has much significance. I would think it does have some significance but possibly not a very strong signal?
BITSTAMP:BTCUSD
by wuliwong
XTZ can Be Bullish Here is Why.Hi every one TEZOS / TETHERUS XTZ is In a Big Broadening Wedge Pattern. This Means The Price Can Range Between This Pattern Freely Until a Break out Happens.Now The Price is at The Bottom of This Patter So There is a High Chance For Bullish Movement To Happen Soon. The Resistance Is Shown on The Chart. This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
2
AAPL - Sign and ConfirmationThe long upper wick of the candle is a sign of price rejection. The first bearish pin bar on November 22, followed by another higher high long upper wick candle on December 1, is a sign that the trend is about to bend. Confirming the two sign is followed by another higher high with Bearish Engulfing Candle, this candle pattern could be the confirmation that the upward trend is done. And also, if you draw a line, you can see that there is a Bearish Broadening Wedge forming.
NASDAQ:AAPLShort
by Damako
Potential Broadening wedge formation on DOTUSDLong term buy & hold on polkadot for me, so this is merely a snapshot of where the asset is now in relation to USD or BUSD as the chart I'm using. Price can still go lower, and at this point, I'm deploying a small amount of BTC on dips, rather than USD as my USD is being used for other projects currently. Also staking, and compounding. If you zoom out on this one, there is an inverse head and shoulders which points to much higher prices from here, but that is not guaranteed and it can go lower, so the amount of BTC I deploy from here on, will be paltry amounts that add up over time. The broadening wedge is potentially forming, so that's only potentially bullish, and it can also be interpreted as a bear flag in formation, hence the caution. Would probably be looking for a test of 34/35 USD for more confirmation.
DLong
by JJMa
FTM's Bullish Prediction & The TargetHi every one FANTOM / TETHERUS FTM is in a Broadening Wedge pattern. As You might know The Price will range in this Pattern as long as a Break out happens! The Price has touched the Pattern multiple times & now Is at the Bottom of this pattern. we Expect the Pattern to start a Bullish movement soon toward the top of this pattern. There is also a Hidden Bullish Divergence (+HD) Visible on MACD which Increase the Odds Of reaching the Top of this pattern. The Next target is 5$. Summery: -FTM is in a Broadening Wedge -(+HD) on MACD -Target at 5$. 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
FLong
by CobraVanguard
19
SNAP Broadening Formation BreakoutHere we see a right angle broadening formation, with the accumulation line on the bottom. What appears to be an island reversal pattern appeared in the daily chart, marked by the yellow rectangle, which is typical of congestion patterns like this. Broadening formations are typical of late stage bull markets and are accompanied by irregular volume throughout. A majority of broadening formations carry bearish implications, and a breakout occured today in SNAP, although not by the generally "safe" 3% margin. I would expect a throwback, but the pattern implies a -65% move to the downside to 17.5, although not necessarily soon.
NYSE:SNAPShort
by BarnardR
2