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Falling Wedge

Boson Protocol Massive falling wedge.RSI over 40 on weekly and price appears to be at bottom range. Shows signs of 270 days in consoldation and accumulation. Buy the breakout. Real trendline breakouts produce high volume. So wait for big bull volume to come in after price goes above the major trendline. Buy when price retests support after breakout. First target is 0.58c. Second target is 1 USD. Use appropriate risk and trade management which is key to success in trading. Use stoploss. Recommended risk of portfolio is no more then 5% but risk with what you are comfortable lossing. Exit sign after breakout is daily candle close below 0.19c but put stoploss with what you are comfortable lossing.
Long
by ascendanto
Coin Watch: Toncoin (TON)TONCOIN (TON) is the native token of the blockchain platform The Open Network (TON). TON is a decentralized, scalable blockchain with the potential to handle millions of transactions per second. It consists of key elements such as TON Blockchain, TON Payments, TON Proxy, TON DNS, TON Storage, TON Services, and TON Workchains. TON aims to offer a highly scalable and secure network with features like multi-chain architecture, decentralized storage, anonymity, and decentralized DNS. The TONCOIN token serves various purposes within the TON ecosystem, including staking, governance, transaction fees, and access to services. Looking at the weekly chart, we only have data from late 2022 and price has been ranging between 1$ and 3$. Recently, the coin is in a bull run since august and is approaching resistance levels around 2.3$ and 2.6$. On the daily chart, a falling wedge pattern was broken 6 days ago but is still in progress, with a target price of 2.5$. RSI is bullish on both charts, but not totally overbought yet. Stay tuned!
by cyatophilum
GameStop: Remains In A Position to Break Bullishly From Its ZoneGME has been getting sold off with the macro for quite some time and it continues to push deeper and deeper into dangerous territory. At this point in time, it has pushed slightly below the 0.382/0.886 Confluence Zone and is now at the 200 SMA, but with that, we can see that the Local Bullish Shark can extend into a 1.618 Extension, so the Breakout watch is far from over on GME though we are getting towards levels where one may leave it alone. I would say that if GME breaks below $11.50, there would be a very distinct chance of it dumping down to $9.5, but if it instead holds above $11.5 and pushes back above $14.00, then we could instead see GME make a rapid move up to $18.00, which would be just high enough to test the supply line of our Channel/Falling Wedge. From there we could possibly break out of it and go for the measured move, but for now, I'd say one would probably want to have a short-term position to take profits on at $18.00 and a separate longer-term position to hold strong until GME gets the big measured move breakout to $74 - $134
NYSE:GMELong
by RizeSenpai
4
XRPETH falling wedge/bull pennantWe can see that price action is reaching the apex of the white wedge/pennant and that the orange 50ma has now entered the pennant. Looking at where the stoch rsi currently is, odds are good that price can maintain support on the 50ma and that it could help lift or bounce price up out of the pennant and send it heading towards the breakout target. I have only posted the pennant breakout target here, the target for the wedge on its own will be a lower than this one, however I see that the pennant target share bullish confluence with the double bottom target so I feel that increases the odds that the breakout could result in it hitting the full pennant target instead of just the wedge target. Of course until a breakout is confirmed there’s still a chance it could go below the pennant and break downward instead although much less probable…it could also always do the classic fake like it’s breaking down when its really just pullling bad the slingshot before rocketing back upward and out of the pennant. We will likely see soon enough before September seems likely. *not financial advice*
by DrDovetail
2
SFPUSDT → Pre-break consolidation could send the price upward BINANCE:SFPUSDT after months of forming a sideways range on the background of the global honey trend finally forms a pre-breakdown consolidation against resistance, which may initiate a trend change We are interested in the global pattern "symmetrical triangle" - in fact, it is a range within which the price is gaining liquidity. Above the range, after the first breakout of resistance, the second level - 0.6420 is formed and relative to this level an ascending triangle is formed, which can be interpreted as an attack of dynamic buyers on the limit resistance area. On the background of possible BINANCE:BTCUSD strengthening, SFP can get a good bullish potential when the resistance of the ascending triangle is broken. The moving averages act as trend support. Resistance levels: 0.6420 Support levels: previously broken range resistance In the long term, I expect a breakout of 0.6420 followed by price consolidation above the level, which will form a bullish potential. Regards R. Linda!
Long
by RLinda
8
Palladium seems like a very good opportunity to me.Hello everyone, How Rare is Palladium? Palladium is considered a relatively rare precious metal. It is rarer than well-known precious metals like gold and silver and it seems like a very interesting opportunity at the moment to me. There is lot of bullish signs I can see. First of all It seems like it is in nice falling wedge pattern and finishing A-B-C-D-E correction. Very solid bullish divergence is forming on the Weekly time frame and it seems like it broke the red resistence line and its just testing it. Reversal should start soon for this precious metal I see 50-400% Gains from here. There is very solid setup for mid to long term trade as well as a long term investment. If you Zoom out to the Monthly Hope this helps you. Cheers A precious metal is a naturally occurring metallic element with high economic and cultural value due to its rarity, luster, and various industrial and ornamental applications. Palladium is a precious metal with unique properties and commercial importance akin to its renowned counterparts like gold, silver, and platinum. What is Palladium? Palladium is a silvery-white transition metal belonging to the periodic table’s platinum group of elements. William Hyde Wollaston discovered palladium in 1803 and named it after the asteroid Pallas, which was discovered around the same time. Palladium is known for its distinct luster, durability, and high resistance to corrosion, making it a valuable material in various industrial and technological applications. It has also become popular in recent years to invest in palladium. Palladium, Bitcoin, BTC,R:R, money management, risk, reward, technique, style, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond
TVC:PALLADIUMLong
by Anoinvest
2
IOTXUSDT - IoToX is stronger amid a weak market BINANCE:IOTXUSDT is proving strong amid a weak market and the fall of the flagship cryptocurrency. A dense pre-breakout formation is forming on the chart, which can give a great move if a number of conditions are met BINANCE:BTCUSD is declining, the market failed to strengthen above 28000 and the price is falling to 26000. On the background of the 5-day fall of the flagship IoTeX / Tether feels quite confident. Growth and resistance breakout is formed. Consolidation formed under resistance will be enough for resistance breakout and active momentum formation. Altcoins periodically get potential at the transition of capitals between assets, which is most likely formed and IOTX. Earlier MA-50 was broken and the price is preparing to test MA-200 in the near future. The breakthrough of the second one will give a good leverage for growth. Targets in the medium term should be considered 0.02386 and 0.03036. Support levels: previously broken figure line, 0.01610. Resistance levels: 0.01866 I expect consolidation above the range and subsequent breakout of 0.01866 resistance. Regards R. Linda!
Long
by RLinda
15
XTZUSDT → Breaking resistance, entering a new rangeBINANCE:XTZUSDT tried to break the support at 0.708 and let the price go lower, but at some point the market held the area, forming a local bottom. After a false break of support, the price breaks consolidation resistance At the moment the market is testing the possibility of transition from the consolidation phase to the phase of realization of the accumulated potential, which can be accompanied by distributive growth. The price fixing above 0.708 level will confirm the entry into the range (new corridor) and in this case Tezos/TetherUS will open for itself the way to the setup resistance. The 3-4 month accumulation in the coin can give us a pretty good medium-term potential, within which the market can hit targets such as: 0.921 and 1.259. The price is breaking MA-50 and aims to test MA-200. Support levels: 0.708, 0.633 Resistance levels: 0.742, 0.921 In the long term, I expect the bulls to consolidate the market above 0.708 and form a distribution towards 0.921 Regards R. Linda!
Long
by RLinda
10
BAKEUSDT → Breaking through resistance opens up the potential BINANCE:BAKEUSDT is trying to move into the phase of realization of accumulated potential. A consolidation above the 0.1421 level will be a good starting point. If we break through the resistance of the range, we can get a gorgeous bullish potential (targets are indicated on the chart) BINANCE:BTCUSD shows good dynamics for the medium term. The price after the false breakdown of resistance does not fall and there are prerequisites for a possible strengthening of the price to 30000, which will give a great kick in the butt to altcoins if the total capitalization increases. From a fundamental point of view, the cryptocurrency is still turbulent and there is not much bullish news (strong news). But bitcoin is showing strength relative to the SP500 ( CAPITALCOM:US500 ) - and that's good for us. In terms of technical analysis BAKE: the price breaks the resistance of the annual descending wedge and we get a signal for further strengthening of the price. In the nearest future the market may test the previously broken level of 0.1421 and if the bulls successfully consolidate the position, the price may give a start towards 0.2339 and 0.2840. Moving averages indicate consolidation and show a hint of something interesting. Support levels: previously broken wedge boundary, 0.1421, 0.1161. Resistance levels: 0.1580, 0.1882, 0.2339. Since we see the breakout of the resistance of the figure, in the long term I expect the formation of the realization of the accumulated potential in the form of a bullish impulse to 0.2339, 0.2840. Regards R. Linda!
Long
by RLinda
21
AAVEUSDT → The stage is set for a breakthrough of resistance BINANCE:AAVEUSDT is forming a retest of the wedge resistance amid the cryptocurrency market strengthening. When breaking through the resistance of 72.4, the market may move to realize the accumulated potential In terms of technical analysis, AAVEUSDT forms a neutral correlation following BINANCE:BTCUSD . The market reacts to all the movements of the flagship, therefore, if the one starts to strengthen, AAVE will grow and vice versa. On the chart, there is a large enough potential for a market reversal. Consolidation is formed within the flat and between the garnets of the wedge. Global growth of the market is separated by resistance 72.4 and 91.3, when the price goes beyond it the active growth will start. This is acceptable in medium-term and long-term frames. Our task at the moment is to follow the specified area and wait for the breakout of resistance. Moving averages indicate the formation of accumulation. Support levels: 64.75, 60.3, 55.2 Resistance levels: 72.4 In the long term I expect a retest of resistance with further growth towards 91.3. Regards R. Linda!
Long
by RLinda
7