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Falling Wedge

USDCHF → Breakout of bullish pattern resistanceFX:USDCHF has been in consolidation phase for a long time on the background of a bullish trend, which is formed in the wake of strengthening of the dollar index. There are preconditions that the growth may continue. Today traders are expecting the US GDP, which will be released at 13:30 GMT. In general, expectations are negative, analysts expect GDP to decline by 1.6%, based on the overall environment, this data has a chance, but still, there is a chance that GDP will be slightly higher than expected. The dollar index forms a rebound from trend support, USDCHF reacts to this and breaks the resistance of the bullish pattern: descending wedge. Consolidation of the price above 0.8807 will form the potential for further growth. In this case, the medium-term target will be 0.900 - 0.904. Resistance levels: 0.8807 Support levels: 0.8742, 0.8684 Against the background of the dollar growth there is technically a high probability of growth of the currency pair, but today it is worth paying attention to the news. GDP above 3.3% will positively affect the growth of the currency pair, and the data below expectations will weaken the price. Regards R. Linda!
Long
by RLinda
3
🐳REN will Go Up Again🐳Hi. BINANCE:RENUSDT ✅Today, I want to analyze REN for you in a Weekly time frame so that we can have a MID-term view of REN regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). REN has broken out of a falling wedge pattern on the 1-week timeframe Price appears poised for significant upside price movement based on this chart pattern. ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. 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
1
DOGEUSDT can ascend further!Hi. COINEX:DOGEUSDT As you can see, DOGE was in the falling wedge, the price was able to break the wedge, now the price is in the PRZ zone, which has the potential to grow. ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed. 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
1
The 1 month Linear Chart’s wedge target is nearing I just recently posted about the logarithmic wedge which is also a bullish pennant and how it will take us much higher, but also wanted to post a chart with an update of the other wedge we also broke up from back at the beginning of 2023 (shown here in pink). It has now been a little over a year since the breakout of this monthly time frame pattern and like clockwork the price is doing exactly what I had anticipated it eventually would all the way back then. We can see price is now nearing the wedge target of 2.493 trillion for the total crypto market cap. This is the next zone to watch where we could potentially experience some sort of correction after reaching. I went ahead and also included the flagpole of a pennant that is better visualized on the weekly chart and it is telling us that eventually we should also reach its target of 3.436trillion as well. Odds are very good we will see consolidation in between the 2 targets. Being a 1month pattern, that is why it took so many multiple months to get close to reaching this first target, and it can also take several more months before reaching the next higher target is well even though they both broke out at the same time. Looking forward to pressing play on this chart a few months from now and eyeing the price action inch closer to the top target. *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
IMX - Time to buy for a quick 157% profitIMX looks good. The price is inside this bullish parallel channel, and we have a falling wedge pattern that is currently breaking out. It can also be a bullish flag, which is even better if it's true. IMX has strong fundamentals, and the whales are buying. They accumulated IMX at much lower prices, and now they want to send it to the moon to make huge gains. We, as traders, can take advantage of the high volatility and trade it for the short term. A 157% profit is pretty good if you buy this coin on the spot market. Take a profit at the top of the parallel channel. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is Immutable (IMX)? Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security. To achieve that, Immutable is built with STARK zk-rollups, a technology that Vitalik Buterin considers Ethereum to be “all-in on.” Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
6
BINANCE:THETA/USDT - Falling wedge breakout--------------------------------------------------------------- Description --------------------------------------------------------------- + THETA is breaking out from the falling wedge. + this clear breakout gives a us good opportunity for a long trade. + We can expect a minor correction, however our stoploss is good enough not to get hit --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.001 - 1.0237 Stop Loss: 0.9047 ------------------------------ Targets 1: 1.0801 Targets 2: 1.1413 Targets 3: 1.2698 Targets 4: 1.4014 ------------------------------ Timeframe: 4H Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Note: Don't forget to keep the stop-loss. --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
Castor Maritime: Setting Up For a Falling Wedge BreakoutCastor Maritime is a Maritime Shipping stock that's been on my radar along with its falling wedge, but I have only just recently gotten interested in entering after seeing the quarterly earnings finally start to turn around along with seeing the price action finally test the 21-week SMA as support. With all of this being done it is worth considering the fact that CTRM's PE Ratio is currently about 1.5x which is pretty low even for this sector. I think we may be setting up for an ultimate Bullish Breakout that would take CTRM up to the 61.8% Retrace up at $8.94
NASDAQ:CTRMLong
by RizeSenpai
The Bullish Case for GTAI ! A Comprehensive Analysis!!!Hi. KUCOIN:GTAIUSDT ✅Today, I want to analyze GTAI for you in a 9H time frame so that we can have a Short-term view of GTAI regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts). CHART IS SPEAKING IT SELF Currently, there are two scenarios, one is that the price is in an ascending triangle, and if it succeeds in breaking it, the price will grow well. Second, if the price fails to break the triangle, considering that the price is at the top of the channel, the price can fall to the bottom of the channel. ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. - Ascending Triangle - AB=CD 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!!
by CobraVanguard
1
USDJPY - The currency pair is preparing to make a new high FX:USDJPY is technically poised to hit a multi-month high. Against the backdrop of a strong dollar, the JPY is losing ground as the Central Bank of Japan is failing or is not going to do its job. On D1 we see a global setup, where the fact that the market wants to break through 150.286 - 151.944 becomes quite obvious. Regarding the lower boundary - 150.286, a pre-breakout consolidation is formed and the market is preparing to overcome the boundary. On H4 the pair is testing the trend support, but at the same time it is forming a wedge on the base of the descending resistance. A local bullish setup is forming on the chart. A break of the pattern resistance could form an impulse to 151.85 and further to 153. Support levels: 149.5, 148.8 Resistance levels: 151.85, 153.0 I expect growth after the end of consolidation formation. The signal for the growth continuation will be the breakthrough of the " descending wedge " pattern resistance. Regards R. Linda!
Long
by RLinda
7
VIPIND : Best Swing Trading OpportunityVIP Industries has given Zero Returns from last 3 years VIP Industries Stock currently around the support which was working as Resistance. Stock has also formed Falling channel in short term and now around 500 levels is coming support from these 2 factors. So stock is around the support and looking good for swing trading ! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision. #stock #stockmarket #investing #money #finance #trading #investment #VIP #VIPIND
NSE:VIPINDLong
by FiveCircles
1
EURUSD: Attempting Secondary Breakout of a Falling WedgeThe EURUSD is attempting a secondary breakout of a Falling Wedge Pattern at the HOP level of a Bullish Gartley. It is also holding on to the 4-Hour 21-SMA with Bullish Divergence on the MACD. Taking all this into account, the EUR has a heightened probability of confirming a Break-Hook-and-Go from this Falling Wedge to confirm the bottom and begin a 61.8% - 78.6% retrace. EURUSD has certainly been one of the more choppy USD pairs and the AUDUSD may prove to be a smoother Bullish trade, but I still would like to try also catch the EURUSD move despite it being the choppier pair.
Long
by RizeSenpai