Time to go back downPrice is facing tons of resistance. I think is going back to the support blue line. I just bought some puts as shown. Also we have a double top that is pushing the price down.
Falling Wedge
AUDUSD - Bullish Scenario 📈Hello Traders !
On The Daily Time Frame, The AUDUSD Price Reached a Strong Resistance Level (0.64532 - 0.65222).
-The AUDUSD Formed a Bullish Falling Wedge Pattern.
Currently, We have a Bullish Scenario :
If The Market Breaks The Resistance Level and Closes Above That,
We Will See a Bullish Move 📈
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TARGET: 0.65710🎯
Falling Wedge Targets Old Lows or HighsBINANCE:HBARBTC weekly bar chart has formed a falling wedge over the last couple of years, starting around September 2021 until now.
Bullish Scenario
A move to wedge top with a breakout would target the "Google Pump" era highs of March 2020, and with a potential secondary target at or above ATH.
To see a bullish breakout, it needs to hold the 150-160 sats area and break 247. Breaking 247 would both confirm a double bottom and a wedge break out.
Double bottom targets would send it on its way towards 395 and then 500 sats, which would be crucial to stay above to get the move back towards March 2020 highs, around 854-866.
Bearish Scenario
A move to wedge bottom would target pre "Google Pump" era lows of January 2020.
Should the 150-160 sats area be lost, it'll likely see another touch at wedge bottom near 115-120 sats and Jan 2020 lows.
If wedge bottom is lost we will likely revisit ATL and potentially make a new ATL.
Short-term Bear, Long-term Bull Scenario
If it gets the move back down to wedge bottom and the wedge holds up, those higher targets near ATH or higher become even more likely imho.
There's also a possibility for a double bottom at or just below 91 sats if wedge bottom is lost but no stronger move below 91.
📈 DYDX: Breaking the Charts with Precision! 💹 DYDX has emerged as a star player in the crypto charts, showcasing a compelling technical setup that has traders buzzing with excitement. The recent surge in price is not just a random move; it's a result of a clear breakout coupled with a meticulous retest of a significant accumulation zone. Let's dive into why DYDX is currently trading around the $4 mark.
Chart Analysis: DYDX's Technical Brilliance
DYDX's chart tells a tale of technical brilliance, featuring a decisive breakout and subsequent retest. The coin surged with purpose, breaking out from a well-defined accumulation pattern that took the form of a symmetrical triangle. Such patterns often signify a period of consolidation before a powerful move, and DYDX did not disappoint.
Technical Indicators: The Precision of the Breakout
The precision of DYDX's breakout is evident not only in the strength of the move itself but also in the subsequent retest. The price action confirms a clean and well-executed escape from the accumulation zone, showcasing the market's confidence in DYDX's upward trajectory.
Trading Strategy: Navigating DYDX's Momentum
For traders eyeing DYDX, the breakout and retest present a prime opportunity for strategic entries. Monitoring the coin's momentum and confirming the sustainability of the upward move will be crucial. A well-crafted trading strategy, considering these technical nuances, could position traders favorably in DYDX's promising journey.
Conclusion: DYDX's Charting Triumph
DYDX's recent price surge is more than a mere spike; it's a triumph in charting precision. The breakout from the symmetrical triangle, followed by a calculated retest, speaks volumes about the coin's technical strength. As DYDX continues to chart its course, traders are poised to ride the momentum of this well-executed move.
🚀 DYDX Analysis | 📊 Technical Breakouts | 💡 Trading Precision
Are you diving into DYDX's charting triumph?
Share your insights, strategies💚🌐💚
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🚧ADAUUSDT is bullish now🚧 & many Traders don't see it(WA)👀!!!As you can see, the price is in a Falling wedge. If the price can break this wedge, we can hope that the price will act like a butterfly pattern and the price will grow well.
❗Weekly Analysis.
⏮️previous Analysis
🍻Hard for everyone but easy for me. thanks God...
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analysis elliot euraud . Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZDCHF - Bullish Falling Wedge 📈
As We Talked in The Previous Analysis:
-The NZDCHF Price Reached A Support Level (0.51902 - 0.52084).
-The Resistance Level (0.53330 - 0.53574) is Broken and Becomes a New Support Level.
Currently,
-The Price Pull Back to 0.5 Fibonacci Retracement Level !
-and Formed a Bullish Falling Wedge
-and Now it Will Continue its Bullish Movement !
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TARGET: 0.54075🎯
🚀 Crypto Market Cap (TOTAL 2): Ready for Launch!Excitement is brewing in the crypto sphere as the Total Market Cap of cryptocurrencies (TOTAL 2) signals an imminent surge. All indicators point to a bullish rally, and the chart is painting a compelling picture of an impending breakout. Get ready for a thrilling ride as we navigate the confines of an ascending triangle, gearing up for the third and potentially most explosive retest of the upper boundary.
Chart Analysis: Explosive Potential in TOTAL 2
The chart for TOTAL 2 is currently forming a bullish pattern within the confines of an ascending triangle. This pattern suggests a period of accumulation and anticipation, typically culminating in a breakout to the upside. The impending third retest of the upper boundary is a pivotal moment that could launch the total crypto market cap into unprecedented heights.
Technical Indicators: Aligning for Takeoff
Key technical indicators, including the series of higher lows and the formation of a well-defined ascending triangle, are aligning to create a robust bullish scenario. The repeated testing of the upper boundary serves as a buildup of potential energy, and when released, it could propel TOTAL 2 to new highs.
Trading Strategy: Strategies for the Bullish Surge
For traders, this imminent breakout offers unique opportunities. Positioning for a surge in the total market cap requires a keen eye on key resistance levels, confirmation of the breakout, and swift execution of trading strategies to capitalize on the bullish momentum.
Conclusion: Countdown to Crypto Market Cap Eruption
As we stand on the cusp of a potential breakout, the crypto community is eagerly anticipating the eruption of TOTAL 2. This ascending triangle setup, coupled with the third retest of the upper boundary, hints at a significant upward trajectory. The countdown to launch has begun, and the crypto market is poised for a thrilling ride.
🚀 TOTAL 2 Analysis | 📈 Trading Strategies | 💡 Investor Perspectives
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Share your thoughts, strategies, and excitement in the comments! Let's ride the crypto wave together. 💚🌐💚
NEAR Falling Wedge Retest : $2.8 targetExciting developments are unfolding in the world of crypto, and NEAR Protocol (NEAR) has caught our attention. It recently broke out of a falling wedge pattern, and the current setup presents a golden opportunity for those keeping a close eye on this dynamic project. Let's explore the breakout and the potential rewards it might offer. 📈💎
Breaking Out of the Falling Wedge:
NEAR has recently made a significant move by breaking out of a falling wedge pattern. This pattern is often a bullish signal, indicating a potential reversal or upward continuation.
The Retest Scenario:
Following the breakout, NEAR is currently in the process of retesting the wedge's upper boundary on the daily timeframe. This retest could act as confirmation of the breakout and provide an entry point for traders.
Risk-Reward Ratio: 1:7?
For those considering a position in NEAR, the risk-reward ratio appears to be favorable. Depending on your risk tolerance, entering now during the retest could potentially yield a risk-reward ratio of 1:7.
Trading Strategy:
Observation: Monitor NEAR's price action during the retest phase, paying attention to signs of confirmation.
Risk Management: Implement a robust risk management strategy, considering the volatility of the crypto market.
Entry Point: If the retest confirms the breakout, consider entering a position, keeping in mind your desired risk-reward ratio.
Conclusion:
NEAR's breakout from the falling wedge presents a compelling opportunity for traders. However, it's crucial to approach the market with caution and ensure that your trading strategy aligns with your risk tolerance.
As you navigate this potential trade, may your analysis be sound, and your trades lead to success.
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The Graph in a falling wedgeThe Graph seem to be in a falling wedge. Expecting a huge pump
Wait for confirmation and trade carefully!
🚀Kusama : Is a Breakout on the Horizon?🚀Kusama (KSM), often referred to as the experimental cousin of Polkadot, is currently catching the attention of traders and investors. While the cryptocurrency market is no stranger to price volatility, Kusama's recent price action has sparked excitement and anticipation for a potential breakout.
Shakeout Strategy: The Art of Market Manipulation
In the world of trading, market manipulation often plays a significant role. One strategy employed by market participants is a shakeout, where prices are manipulated to briefly dip below a key level before rebounding. For Kusama, this key level stands at $16, the lowest point in recent trading.
Pattern Recognition: Breaking Out of a Descending Wedge
Another positive development for Kusama is the formation of a descending wedge pattern. This pattern, characterized by narrowing price ranges, often leads to a breakout. In Kusama's case, the potential for an upside breakout is generating excitement among traders.
What to Expect: A Potential Bullish Surge
Based on these patterns and strategies, many traders are watching Kusama closely. A successful rebound from the shakeout point, combined with the descending wedge pattern, may serve as a springboard for a bullish surge.
Trading Strategy: Preparing for Opportunities
For traders, Kusama's current situation offers the chance to prepare for possible trading opportunities. Whether you're a seasoned trader or new to the game, risk management is crucial in such scenarios.
Conclusion: The Potential for a Kusama Surge
While Kusama's recent market activity has included a shakeout strategy, there is reason for optimism. The descending wedge pattern suggests the potential for a bullish breakout, and for traders, this translates into the chance for profitable trades.
🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis
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Please share your thoughts and insights on Kusama's price action. 💚🚀💚
Is it the Bullish Flag?Daily Chart
I spot the Bullish Flag or Falling Wedge on ARB's chart
Now, it's trading at 0.859x and moving up to resistance around $1
If it can break and close above this resistance that is huge profit for next bull cycle.
Wait for next move
Keeps bouncingCheck out the support line. Price keeps bouncing of it and at the same time forming a falling wedge. I'll keep an wye on this, I want a little more price action to jump in. But looks vert tempting.
Paypal - Heading for a new bull phase?Paypal's stock price seems to be forming a nice bullish chartist pattern, a falling wedge, which has been going on since the beginning of the year. If resistance is broken, NASDAQ:PYPL could return to a nice uptrend, after numerous DCA buy points have been given by our " Magic Bands (PMB) " indicator.
Polkadot's Critical Retest: On the Path to $22! 🚀Polkadot (DOT) is entering a crucial phase as it approaches a significant horizontal level and forms a descending wedge pattern, signaling potential growth that could lead to a target price of $22. 🟣💹
The Importance of Retesting Key Levels
In the world of cryptocurrency trading, retesting key levels is a pivotal event. It often serves as a critical turning point that can determine a digital asset's future trajectory.
Polkadot's Journey: The Descent and the Retest
Polkadot's recent price action has formed a descending wedge pattern. This pattern is characterized by lower highs and lower lows, creating a narrowing price range. Within this wedge formation, Polkadot is now conducting a retest of a vital horizontal support level.
The Next Target: $22
With Polkadot's recent performance and the retest of this significant support, traders and investors are looking toward a price target of $22. Achieving this level would validate the bullish sentiment and potentially open doors for further upside.
Trading Strategy: Navigating Polkadot's Path
For those in the crypto trading community, it's essential to monitor Polkadot's price action closely. This may present opportunities based on the retest dynamics and the subsequent potential move to $22.
Conclusion: Polkadot's Journey Continues
As Polkadot retraces and retests a critical level, the crypto market watches with anticipation. In the dynamic world of cryptocurrencies, every move counts. Keep a keen eye on this exciting journey, and remember that market conditions can change rapidly.
🟣 DOT Analysis | 📈 Technical Patterns | 🚀 Crypto Insights | 💡 Trading Strategies
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FNGD retrace to $8.50 before target of $10.51, coil/fakeout/pumpFNGD to go back down to $8.50 before target of $10.51 Nxt
I'm expecting a little retracement back to $8.51 with buy limits set from 8.88 down to 8.51
Take Profits at $10.17 and $10.51
Expect to retrace again and coil up. People will be talking about bears taking over, but the Santa rally will cheer bulls up and give them hope... meanwhile we are playing both sides.
Into 2024:
Due to everything going on and how much this market has tripped everyone up and out, I expect a double fakey to occur. FNGD will appear to be pumping (bears winning on FNGU and S&P) then the bulls will appear to take control and the descending triangle on the S&P will appear to have a breakout to the upside only to fail.
People will say its due to a news event, but the Operator/Fed is planning this. Equities will retreat to safety of Bonds. S&P will Fall, and lay off employees, people will beg for the Fed to cut rates and when they do Bonds will explode then Gold then after Equities and Crypto Capitulation we will rebuild on the scorched earth.
BUY BUY BUY WHEN THERE IS BLOOD IN THE STREETS IN MARCH/APRIL 2024!
ENJ's Bullish Wedge: Unlocking ATH🎮💹Enjin (ENJ), a distinctive contender in the cryptocurrency arena, is currently in the midst of an exciting journey, setting the stage for potential surges in value. 🎮💹
Soaring to New Heights: ENJ's Redemption
Enjin, known for its association with the gaming industry, has weathered its fair share of challenges. However, like a protagonist in a captivating storyline, it's now ready for a remarkable comeback.
Gaming Meets Blockchain: A Powerful Combo
The fusion of gaming and blockchain technology is a match made in heaven, and Enjin is a front-runner in this game-changing fusion.
Chart Analysis: A Glimpse into ENJ's Future
A close examination of the charts reveals that Enjin is showing signs of life. The formation of a significant bullish pattern, the falling wedge, hints at a potential breakthrough.
Trading Strategy: Navigating ENJ's Ascension
For traders, recognizing Enjin's potential within the gaming and blockchain spheres should influence their trading strategies. Keeping an eye on pivotal indicators, staying updated with the latest news, and monitoring gaming partnerships are essential.
Conclusion: Enjin's Epic Journey
As Enjin redefines its narrative, it stands on the precipice of an era that could have profound ramifications. The convergence of gaming and blockchain, combined with the potential resurgence of the cryptocurrency market, positions ENJ as a project with a bright future.
🎮 Gaming and Blockchain | 📈 Cryptocurrency Surges | 📊 Trading Insights | 🚀 Price Targets
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USDCHFUSDCHF was trading in falling wedge pattern and recently it seems like the sellers are bit exhausted now and now seems like bulls are getting ready to take the charge and about to give breakout from descending channel.
Currently the price is forming a local support around 0.8890 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
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.
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!
A confirmed breakout of linkusd’s daily falling wedge = $8.58If it confirms the target is around $8.58. Confirming this breakout would likely ensure the recent golden cross is sustained as well. *not financial advice*
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
Reversal Pattern, the Falling Wedge for potential longDaily Chart
Aptos has bounced back from the lower line acts a support in Falling Wedge
It's trading at 5.71x now
To complete this pattern, it needs to breakout and close above 6.15 before.
Wait for next move
