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Falling

Large Bullish Falling Wedge BreakoutA breakout of a downward sloping supply line has been broken to the upside on the daily and weekly timeframes. The supply line serves as the over head slope to a falling wedge pattern with lower sloping support that goes all the way back to March. This is a very large structure so the price action to the upside we require some patience. A retest of 32328 could be in store as that would give us a confirming backtest of the falling wedge patter which we hope will now flip to support. Bullish confluence can be found at 32328 as there is a strong support level. If this level gets broken Bitcoin will most likely retest 30k. In the meantime, short term support/stop loss for me will be 33312 and 33870. Again, this is on the weekly. This requires patience to wait for each weekly candle close every Sunday before rushing to make any drastic decisions.
COINBASE:BTCUSDLong
by TradeVibez
EURGBP on a falling wedge? 🦐EURGBP after the bounce over the weekly support created an impulse and a slow retracement inside 2 converging trendlines. The price is now close to the upper one below a daily resistance and according to Pkancton's strategy if the market will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
REEF/USDT Critical moment for REEF. Will the support hold?REEF is currently at a critical position around 0.021$. We are still following the downwards trend alongside the violet line. REEF now moves into the apex created from the violet and green lines. The downfall seems to steep to be consistent so we expect a breakout together with a volume increase. Let's see what happens. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
R
by tumbler55
XAUUSD CONTINUE FALLINGGold is unchanged so far. Yesterday XAUUSD dropped below a strong resistance level. Reached Target - support level 1870. As we can see some strong reversal pattern is forming here too and we may expect dump soon some targets and support ahead is mentioned on chart. Possible breakout of the strong support line and test of 1800-1770$ Experts see the middle high is higher than left one and right and this is creation of Head and Shoulders too. We can consider neckline around price 1890 and if that support break then pattern is completed and that would be first sign of weakness. The analysts predict strong fall, before going in a long direction for targets zone 1950=2000$.
TVC:GOLDShort
by legacyFXofficial