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Falling Wedge

BITCOIN → Fear in the crowd is a bullish sign ↑ Flag and SFPBINANCE:BTCUSD is experiencing times of high fear and negative sentiment among the crowd. From a psychological point of view, this could end in a bullish momentum. But there is always a but! For now, big buyers are actively holding back a possible fall amid transfers of the previously hacked crypto exchange Mt.Gox to its debtors and BTC sell-offs by German authorities: Germany will get rid of all its BTC in two days. (at the current pace of sales). Yesterday, 16,038 BTC were transferred from the country's government wallet to various crypto exchanges and market makers. Since June 19, 26,071 BTC have been sold. There are only 23,788 BTC left on the wallet In April, the average cost of BTC mining among the largest public miners was $53,000, technically, the level of average cost of BTC mining plays the role of an intermediate bottom. Judging by the growth of volumes and price entry into the area of the lower boundary of the "flag" pattern, buyers appear on the market and at the moment stop the price fall, forming a sideways range of 58500-53500. Accordingly, a breakdown of one of the boundaries may trigger an impulse to one side or the other, based on the technical nuances there is a probability that there will be an attempt to break the resistance. Resistance levels: 58500, 64000 Support levels: 53500, 53000 Fundamentally, the environment is difficult due to Germany and Mt.Gox, but investors are waiting for the approval of ETH-ETF, which may bring back the bullish mood to the market (indirect impact on BTC). Technically, the emphasis is on the range. A break of 58500 will give bullish momentum, a break of 53500 may allow the price to decline to the 50500-51000 risk zone Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
23
PEPE → A condition that will lead to growth. Is the buyer back?BINANCE:PEPEUSDT is undergoing a deep correction phase. The price is resting on the strong support and the "discount" zone appears the buyer, holding the market. The focus on the upper boundary of the range... ! For convenience, I will indicate key zones without zeros. Bulls do not let the price below 0.0761, forming a limit support area, in the neighborhood of which a strong buyer appears, it can be determined by the growth of volumes and the pattern of redemption with the subsequent retest without updating the minimum. At the moment it is not excluded that the coin can continue falling, but based on the general situation there is a chance that PEPE can move into the recovery phase, but provided that the coin can pass the area of 0.0951-0.0991 with the price fixing above this zone, which will generally define an intermediate bottom for the market. Resistance levels: 0.0952, 0.0991, 0.1084 Support levels: 0.0886, 0.0761 Technically, the situation is complicated because of bitcoin, which is consolidating in the discount zone, but in general there are bullish prerequisites. If the guide (BTC) goes up, it may favor altcoins. Rate, share your opinion and questions, let's discuss what's going on with PEPE / USDT ;) Regards R. Linda!
Long
by RLinda
3
DOGE has formed a Pretty Big falling wedge Pattern!...BINANCE:DOGEUSDT is forming a falling wedge on daily timeframe , Up we go if we do breakout. ✨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
5
NFP/USDT: READY FOR AN ATH! 6X FROM HERE!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! NFP looks good here. Forming a falling wedge-like structure in the daily time frame confirms its deviation below the trendline and gets back inside the wedge which is a bullish scenario. Buy some now and add more in the dip. Entry range:- $0.28-$0.31 Targets:- $0.43/$0.58/$0.76/$1.12/$1.44/$1.84 SL:- $0.20 What are your thoughts on NFP's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
NEO: Potential Breakout from Falling Wedge?Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! NEO looks good in daily time frame. It is forming a falling wedge like structure and trying to breaks out from it. It also holds a support (Green box) very well so far. After a confirmed daily candle close expecting a good 70-80% move to the upside from here. Entry range:- $10-$11 Targets:- $12.3/$14.4/$16.8/$19.5 SL:- $8.30 What are your thoughts on NEO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
ADA: POTENTIAL FALLING WEDGE BREAKOUT!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! CARDANO(ADA) Looks good in the daily chart. It breaks from the falling wedge-like structure and looks ready for a 60-70% move to the upside. Buy some here and add more in the dip. Entry range:- CMP and add more up to $0.394 Targets:- $0.454/$0.512/$0.568/$0.613/$0.684 SL:- $0.3636 What are your thoughts on ADA's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
GOLD → Correction for the purpose of elimination. Target 2400?FX:XAUUSD is forming a correction from the opening despite the bullish closing of the session on Friday. Fundamental background is calm, technical reaction to the false break of 2387. Friday's move was formed on relatively positive economic news for gold - higher unemployment in the U.S. reinforces the dollar sell-off as the chance of a possible U.S. interest rate cut rose slightly. This week traders' focus is on CPI and PPI, which will be released on Thursday and Friday. Technically, there is a buyer's presence in the market. MM, as consolidation and elimination of the buyer forms a correction to the liquidity zone 2364-2355. Possible consolidation or false breakdown before the subsequent growth. Resistance levels: 2387, 2411 Support levels: 2364, 2355 Today, at 14:00 Powell speaks, it is worth paying attention to his speech. High volatility is possible. In general, the fundamental background is favorable, technically, the bull market is forming a correction to support. Emphasis on the bulls. Regards R. Linda!
FX:XAUUSDLong
by RLinda
26
The last bullish chance of NOTCOIN in short-term !!Hi. 🔵We have a Bullish Structure here NOTUSDT formed a falling wedge on 1D timeframe🤔 Up we go if we do breakout . The price is at the bottom of the channel and also in the wedge, these pressures will eventually make the price rise. ✨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
2
XRP → Rally to 0.730 ↑ The fundamental denouement is comingBINANCE:XRPUSDT is approaching a possible decoupling, both technically and fundamentally. Positive signs of life could lead to a rally, first stop could be around 0.73. On W1, the coin is trying to live, but there is a huge fundamental reason that keeps the price from going beyond resistance and flat: The SEC v. Ripple litigation. The Ripple vs. SEC case is a pivotal moment for cryptocurrency regulation, as a final victory would be a strong green sign for the entire cryptocurrency community amidst the SEC getting a number of restrictions on its activities lately due to overstepping its authority. Ripple's CEO believes that the final verdict could come at the end of the summer. Everyone is counting on a positive outcome for XRP: The court found that Ripple violated federal securities laws by making institutional sales of XRP, but dismissed other charges brought by the SEC. Ripple Labs opposed the SEC's proposal to fine the company nearly $2 billion. Ripple Labs said the court should impose a civil penalty of no more than $10 million Technically: Price continues to test the wedge resistance with the aim of breaking it, volatility decreases and consolidation continues. Below 0.4637 buyers are not letting the price in yet, which may lead to another retest of the resistance, which will only increase the chances of a breakout. Price consolidation above 0.4962 will be the root cause of market character change and possible rally to 0.6265 - 0.73. Support levels: 0.4637 Resistance levels: 0.4962, 0.5720 I expect that the buyers will still be able to break through the resistance of the bearish figure in the near future and ride the rally to the mentioned targets. Regards R. Linda!
Long
by RLinda
57
DOT/USDT: Potential Breakout from Falling Wedge?Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! DOT/USDT looks good in the daily time frame. Forming a falling wedge-like structure here and trying to break it out. A successful breakout will take the price to bear ATH. Buy some here and add more in the dip. Entry zone:- $6.04-$6.48 Targets:- $7.4/$8.8/$10.5 SL:- $5.7 What are your thoughts on DOT's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
ADAUSDT → Change of character, are the bulls coming back? ↑ 0.77BINANCE:ADAUSDT forms a change of market character, and also breaks the resistance of the wedge. Regarding the reversal zone on W1 a false breakout is formed. The coin may move into the realization phase. The token is lagging behind the overall capitalization and market movement, still in the consolidation phase, the boundaries of which are 0.2392 (0.4) - 0.777. In the distribution phase, ADA has chances to recover. At the moment we should consider trading inside the range and after confirmation of the formation of an intermediate bottom above 0.4 (consolidation above this zone) the market will define a new range for itself. 0.4 - 0.77. The potential in this case will be the corridor with the width of 93%. Technically, if the bulls hold the price above 0.4, it will be a good signal for the price distribution to 0.52, further to 0.678. Support levels: 3775, 0.400 Resistance levels: 0.42, 0.522 The bearish wedge is a strong technical pattern, capable of turning the market, but in order to start the realization, the bulls need to take the defense above the key zone, in our case it is 0.400. With Respect R. Linda!
Long
by RLinda
8
ETHEREUM → Long-squeeze before the rally? To the MOON, to $4800?BINANCE:ETHUSDT continues the phase of correction, the character of which is consolidation. The goal is to gather potential before possible growth on the trend. The target is 4000-4800 The main focus is on ETH-ETF, which, according to rumors, may be allowed to trade on July 2-4. This will be another positive signal for the cryptocurrency community, as this fact may expand the underlying demand for cryptocurrencies and attract additional capital. Fundamentally, ETH is seeing an increase in the number of active wallets, traders are actively buying call options with strike 4000 and expiration in September, Ethereum Foundation is not selling ETH now as it usually did close to market tops, which together gives positive signs. The asset price is in a downward correction at the moment. The essence of this movement is the asset's consolidation before further strengthening. Resistance levels: descending wedge line, 3678, 0.5 fibo Support levels: 3200, trend line, 0.79 fibo Technically, liquidation of buyers in the liquidity area formed behind the trend support is possible, long-squeeze may lead to a rally. Regards R. Linda!
Long
by RLinda
25
UNFI → Resistance Retest. Ready for a breakthroughBINANCE:UNFIUSDT is showing positive dynamics amid the red cryptocurrency market. The coin is approaching strong resistance and we have the potential to catch a breakout with subsequent growth. On the weekly timeframe, the coin is still in consolidation (range 16.0 - 2.5). But, against the background of the general neutral trend we have a downward resistance, which is once again being retested. A pre-breakout consolidation is formed against the wedge resistance, due to which an attempt to break the line and further strengthening can be formed. An initial test of resistance may lead to a small bounce, but a quick retest will increase the chances of a breakout. Support levels: 3.281 Resistance levels: 5.716 I expect the formation of a local consolidation with a gradual push to the resistance of the wedge and further breakout. Regards R. Linda!
ULong
by RLinda
13
VANRY/USDT: Watching Retest After Breakout - Time to ENTER?Heads up, crypto traders! VANRY/USDT is making some interesting moves on the charts. Here's the situation: VANRY/USDT recently broke out of a falling wedge pattern, which can be a bullish technical indicator. Currently, the price is retesting the upper trendline of the wedge. We can expect a good upside move if the price holds this retest level. Entry zone:- $0.124-$0.134 Targets:- $0.154/$0.168/$0.185/$0.198 SL:- 4hr candle close below $0.124 What are your thoughts on VANRY/USDT? Share your analysis in the comments below!
Long
by CoreCrypto1
#BTCUSDT: QUICK UPDATE!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Welcome to this quick BTC update. Bitcoin (BTC) is currently trading in a pattern resembling a falling wedge in the 6-hour timeframe. This pattern can indicate a potential breakout in either direction, so further confirmation is needed. Here's what we're watching: Breakout Confirmation: A clean break and close above the upper trendline of the wedge would be a bullish signal, potentially leading to a price increase towards the $66k- FWB:67K zone. Rejection: If the price fails to break out and falls back below the wedge, it could test the support level around $60k again. Looking Ahead: The weekly candle close can offer additional insights into potential future price movements. What are your thoughts on BTC's current price action? What are you watching in the altcoin market? Share your analysis in the comments below!
by CoreCrypto1
1
Trading Idea: Counter-Trend Trading Opportunities on EURUSDEURUSD has an overall bearish trend. At this point, many counter-trend traders, including myself, are looking for counter-trend trading opportunities. We've had some luck in this regard. Analysis: Daily Chart: - Bullish Shark Pattern: Confirmation is formed, suggesting potential for a counter-trend move. 4-Hourly Chart: - Falling Wedge Trading Setup: Provides a setup to go long and take advantage of the bullish pattern on the daily chart. Strategy: - Bullish Shark Pattern: Use this confirmation on the daily chart to inform your decision. - 4-Hourly Chart Long Entry: Look for entry points based on the Falling Wedge setup. - Entry: On breakout above the wedge. - Stop-Loss: Below the recent swing low within the wedge. - Target: Aim for key resistance levels that align with the daily chart's bullish shark pattern projections. Key Points: - Counter-Trend Trading: Recognize the overall bearish trend but exploit the temporary bullish setup. - Pattern Confirmation: Use pattern confirmations on higher timeframes to guide entries on lower timeframes. - Risk Management: Ensure proper stop-loss placement to manage risk effectively. What’s your take on EURUSD? Do you see any additional opportunities or setups? Share your thoughts and strategies below!
Long
by RaynLim