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Falling Wedge

The last bullish chance of BITCOIN in Mid term!Hi . As you can see, Bitcoin has reached the ceiling of the ascending channel after passing through 5 ascending waves, and after that the price started its corrective wave and almost reached the PRZ point. I think the past is repeatable and as shown in the AB=CD Chart. After the price reaches the PRZ zone, the price can have a good growth. also a Hidden bullish Divergence (HD+) on MACD which shows Positive Signs for Bitcoin . 🤑 Stay great my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you and for more ideas ❤️ like ❤️ and 🌟 follow 🌟! ⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️ Previous Analysis
Long
by CobraVanguard
3
Breakout & Re-test of ~5.5 year Falling WedgeBitcoin Cash was in a falling wedge for nearly five and a half years before it broke out of it back in June of 2023. Presently, it is re-testing the top of a dashed-line wedge drawn from wick to wick and has failed to reach the top of the solid wedge drawn from the line chart. Holding above the wedge could lead to an approx 5.25x move against Bitcoin from its current position at 0.0057 to TP 1 at 0.030 and an 11.75x move should it reach TP 2 at 0.067. It's possible we could see a double-bottom with a slightly higher low around 0.0041 or 0.0040 if it re-tests the solid wedge's top over the next weeks or into March or June, before moving up towards targets. Should a wedge re-test and double-bottom occur first, the possibility for already major gains vs. Bitcoin increases to 7.3-7.5x at TP 1 or 16.34-16.75x at TP 2.
Long
by dudebruhwhoa
2
I'm More Bullish Than Bearish On JTO!!JTO is trading in a bullish pattern. The falling wedge has a higher probaability of breaking to the upside. If we get a nice breakout to the upside, I would be looking to target the POC above around $2.90. If we fail this support level, the next level below is around $2.105. there we have major confluence, which is the .886, .382, & Daily level. If that is reached and holds, I would consider entering a long position. We don't know how price will play out so we manage our risk accordingly. i]Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
Long
by Navitility
KAVAUSDT → A break of resistance will give a 60% increaseBINANCE:KAVAUSDT is overcoming trend resistance, which could give a potential rise of several tens of percent in the mid-term Against the backdrop of rising COINBASE:BTCUSD , which is overcoming the key 4-week resistance KAVA and the altcoin market shows good potential. The only nuance is that KAVA is lagging the market and continues to consolidate. An important nuance that will stimulate strong growth is a break of 1.140 resistance. This level is the upper boundary of the 12-measures consolidation. After breaking this resistance, the market will have a potential target of 1.550 and 1.800. But before that we have another resistance - the upper boundary of the wedge. Consolidation of the price above 0.950 will form the potential to buy and hold the trade up to 1.140. Support levels: 0.950, 0.870, 0.770 Resistance levels: 1.025, 1.140 I expect consolidation of the price above 0.954 and growth to 1.140. Further I will wait for the breakthrough of 1.140 and growth to the specified targets. Regards R. Linda!
Long
by RLinda
3
ETH → Moving from the old range to the new one. Target $3500BINANCE:ETHUSD breaks the consolidation resistance and makes an attempt to enter a new wide range. The target of this maneuver, after fixing the price above the support, may become the area of $3580 The market has been forging consolidations and prolonged retests of the 2300 area for several weeks. After the formation of another set-up, which I warned you about earlier, the price breaks this area. In fact, we were ready for it. Several support levels are important for us at the moment: 2383 and 2300. Consolidation of the price above these levels will form a big bullish potential, which in the medium term will determine for us the further priority and further path. But in the priority we expect the price growth to continue, as ETH has a positive fundamental and technical background. The medium-term target for us is 2650. There are also chances that the price may test this zone this year and reach the upper boundary of the mentioned range next year. Support levels: 2383, 2300, 2340 Resistance levels: 2445 Moving averages support the market We expect the growth to continue as we have a favorable fundamental and technical background. Regards R. Linda!
BITSTAMP:ETHUSDLong
by RLinda
16
WKHS: Falling Wedge With Bullish Divergence Into The 2018 ZoneWKHS has formed a Falling Wedge with Bullish Divergence on the Daily as it has come down into the December 2018 Low. It has also Bullishly Engulfed the previous Daily Candles and has exhausted the Options Chain. At this point in time I'd expect WKHS to make its way back above 50 cents and perhaps run up to around $1 or perhaps a bit higher which would be best played by buying the call options at the 50 cent strike which currently trade at below 5 cents.
NASDAQ:WKHSLong
by RizeSenpai
2
THETAUSDT - The attempt to change the trend is doomed to successBINANCE:THETAUSDT is forming another resistance retest and in fact it can be considered an attempt to change the bearish trend. The chance of success is quite high as several key patterns are forming. On the high timeframe, the coin finds a clear bottom and the triple touch pattern confirms the area. But the price still has a long way to go for a trend change, as breaking the local downside resistance is still not enough, THETA must overcome the 1.717 area to confirm a definitive trend change. On D1, a descending wedge is forming on the background of the bearish channel, the breakout of which forms a rally to the trend resistance, where a pre-breakout consolidation in the format of an ascending triangle is turning. The strength of this consolidation is enough to break the resistance area and the level of 1.190, which will confirm the breakout and may form an impulse to 1.337 and 1.700. SMAs are forming an interesting signal. Support levels: 0.982 Resistance levels: trend resistance, pattern resistance, 1.190. I expect a breakout of the above zone with the subsequent formation of an upward impulse. Regards R. Linda!
Long
by RLinda
6
REEF IMPENDING A YEARLY BREAKOUTIn this chart of BINANCE:REEFUSDT on a weekly timeframe, the price has touched the strongest trendline of REEF as of this date. As a trader, it sparks excitement for a potential breakout that could happen soon. In this technical analysis, the coin is forming a divergence wherein the price is creating a lower low and our indicators showing a higher low, citing a bullish divergence. And the price movement clearly shows the diagonal support and resistance lines, leading to this yearly falling wedge pattern. Take a peek on the instances of the coin hitting the trendline (highlighted in red) in this chart below. Additionally, the month of October and November proved to be special for the coin and it shows the firmness of the resistance line. If a rejection happens, I will consider this diagonal support for a possible breakdown intraday short play. Today is weekend, so I don't expect a massive movement for now. Though still on a downtrend, expect a massive increase in the price if it breaks out the year-long trendline. We will have to WAIT for that to happen, it's just a matter of time and patience as I would point out in my previous posts. Always PLAN your trades and happy trading!
RLong
by luigi360swirl
3