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Falling Wedge

🚀📉 CAKE/USDT Falling Wedge Setup with Weekly Bullish DivergencHey Traders! 📣 Exciting news on the CAKE/USDT chart! We're eyeing a potential short-term setup with the falling wedge pattern! 🍰💰 📊 Technical Analysis: Falling Wedge Pattern ✅ Weekly Bullish Divergence ✅ Potential Breakout Soon! 🚀 🎯 Entry Point: Consider an entry upon a breakout above the upper wedge trendline. 🎯 Short-Term Take Profit Targets: Target 1: Around $2 🎯 Target 2: Around $3 🚀 Target 3: Around $30 (Completion of the Wedge) 🍰📈 🛑 Stop-Loss: Implement a stop-loss strategy to manage risk effectively. 📅 Timeframe: Keep a close watch on this setup as it develops in the short term. 📈 Bullish Potential: Falling wedges often lead to rapid bullish moves, and the weekly bullish divergence adds to the excitement! Remember, trading involves risk, and it's essential to conduct your own research and manage your risk accordingly. Let's keep a close eye on CAKE/USDT and aim for those sweet short-term gains around the trendline resistance! 🍰📉💰 Happy Trading! 🚀📉🤞 #Crypto #TradingView #TechnicalAnalysis #FallingWedge #ShortTermTargets
CRYPTO:CAKEUSDLong
by STP_MrNodeItAll
GOLD → There's no place to shop. Bear Market ↘︎OANDA:XAUUSD shocked a lot of people in the last week, but we were ready for it and I have been setting medium term targets like 1875, 1850 and even 1800 for quite some time. On Friday the market closes below 1850 and within the candlestick analysis there are preconditions for further fall. In the coming week there will be important news that will help to determine the medium-term outlook. Pay attention to such data as. -ISM Manufacturin, FED Chair Powell Speaks - NonFarm E.C., SP Global Services, Non-Manufacturing -Initial Jobless Claims -NonFarm, Unemployment Rate Fundamental factors are a significant part of the leverage that drives the market. The TVC:DXY is currently under the influence of a positive fundamental background, which is quite negative for gold From the point of view of technical analysis we see a strong distributive movement. The probable target of this movement may be the following zones: 1827, 1809, 1773, the targets are shown on the chart above. These are important liquidity zones in the medium term. At the moment gold is in an empty range (no volume density zones). The price can reach the lower boundary of the main flat - 1809 - quite quickly. But, on Monday, from the opening session the price may form a small pullback to form consolidation. The correction may be directed to 1860, or even to 1875, but there are no signals to start a strong growth now. We expect a fall to 1800 OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
31
📉🚀 #FLOW/USDT Falling Wedge Setup Alert 🚀📉Hey traders! 📣 I've identified an exciting opportunity on the $FLOW/USDT chart. 🧐 📉 Price Action: FLOW is currently forming a falling wedge pattern, which can be a bullish sign! 📈 📊 Technical Analysis: Falling Wedge Pattern ✅ Decreasing Volume ✅ Potential Breakout Brewing ✅ 📅 Timeframe: Keep a close watch on this setup as it unfolds, and patience may pay off. 🎯 Entry Point: Consider an entry upon a breakout above the upper wedge trendline. 🚀 🛑 Stop-Loss: Prudent risk management suggests setting a stop-loss just below the lower wedge trendline. 🎯 Price Targets (Next 3-6 months): Short-Term: Target the wedge's upper trendline, aiming for $0.80 - $1.00 🎯 Mid-Term: If momentum continues, target $1.00 - $1.40 🚀 Long-Term: For the patient traders, the wedge's full potential could reach $1.40 - $3.00 🌟 🚀 Major Swing Target: The ultimate goal is a swing to the top of the wedge at ~$28. 🌠 Remember, always conduct your own research and use appropriate risk management strategies. Let's keep a close eye on $FLOW/USDT as it approaches the wedge apex! 🤑💰 Happy trading! 📈📉🤞 #Crypto #TradingView #TechnicalAnalysis #FallingWedge #BullishSetup
CRYPTO:FLOWUSDLong
by STP_MrNodeItAll
Bitcoin - Ready to reach 30k! (watch this trendline) Bitcoin is bullish and is ready to reach 29167 in the next few days or at the start of October. Of course, 30k will follow, but 29k is a strong resistance, and we should see a pullback from it! Watch this yellow trendline, which is a gateway to the ultra-huge bull market. Once it breaks, I expect a massive uptrend, but be aware of a possible retest first. Your stop-loss needs to be safe! So why is the 29167 level of resistance strong? We have the 0.618 Fibonacci retracement of the previous downtrend, and we also have a point of control on the volume profile. What's more, it's the start of the fair value gap. I am definitely expecting a pullback from it! It's always important to do an Elliott Wave analysis because it gives us an outlook on the overall trend and market structure. In the downtrend from 31k to 25k, I see a complex correction—the triple-three pattern WXYXZ. This is a corrective move and shows a lot of weakness. That's why I am bullish! 26k is still a good price for Bitcoin to buy in the long term because I expect 120k in 2025. Why 125? Check out my profile or my previous analyses! It's also important to watch altcoins and how they are doing because it gives us another good indicator for Bitcoin. Of course, altcoins such as ETH, XRP, and DOGE are bullish. This was a quick update on the local price of Bitcoin. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
162
📉📈🚀 #APT/USDT Falling Wedge Setup Alert 🚀📈📉📉 Price Action: APT is currently forming a falling wedge pattern, which is often a bullish reversal sign! 📈 📊 Technical Analysis: Falling Wedge Pattern ✅ Decreasing Volume ✅ Potential Breakout Ahead ✅ 📅 Timeframe: Keep an eye on this setup over the next few days for potential confirmation. 🔍 Entry Point: Look for a breakout above the upper wedge trendline. 🚀 🛑 Stop-Loss: Consider setting a stop-loss just below the wedge's lower trendline to manage risk. 🎯 Target: Target the next resistance level or use technical analysis tools for price projections. Remember, trading involves risk, so make sure to do your own research and risk management. Let's watch this closely and see if $APT/USDT can make a bullish move! 🤑💰 Happy trading! 📈📉🤞
Long
by STP_MrNodeItAll
$AMD falling wedge to end today's action. Good signGood sign on NASDAQ:AMD with that falling wedge on the 15 min. When a stock's been hammered for no reason at all except market volatility, we usually try to look for bullish reversals or bullish signs to enter on a swing. Closing in a falling wedge is good. Doesn't ALWAYS pay off, but if you are swinging it likely means 4-12 weeks anyway, so it's relatively safe here. Also looking on the Daily chart, it's right on the bottom of the flag trendline: Follow for more insights.
NASDAQ:AMDLong
by kingdips
PEOPLEUSDT → A break of resistance opens up the new range BINANCE:PEOPLEUSDT forms a local bottom, breaks the resistance of the descending wedge and one of the key levels within the realization of consolidation. A new corridor is opened As BINANCE:BTCUSD tests a local high near 26800, an altcoin reaction is forming. Even though the SEC has postponed the adoption of BTC-ETF indefinitely, the market is getting a small influx of assets. Our attention is drawn to PEOPLE. The price breaks the wedge resistance and continues to form a consolidation in a weak market. Finally, the coin breaks through the key, for now, level of 0.01022. Consolidation of the price above the level will form a bullish potential, which my move into the phase of realization and within the medium-term perspective PEOPLE / TetherUS can reach 0.01433 and 0.0185. Altcoins have been strongly consolidating their energy lately, something may happen soon. Support levels: 0.01022, 0.00846 Resistance levels: 0.01433 I expect the price growth to continue after consolidation above 0.01022 level. Regards R. Linda!
Long
by RLinda
17
XAUUSD | GOLDSPOT | New perspective | follow-up detailsTo ensure economic stability, the Federal Reserve has opted to temporarily halt further interest rate hikes, exemplifying their dedication to mitigating potential adverse repercussions. The aftermath of the Federal Reserve's announcement sent ripples of volatility through the gold market. Before this revelation, gold had been on an upward trajectory, firmly establishing a bullish sentiment. However, the rate decision led to a sharp reversal in gold prices, sending them tumbling back to their previous week's starting point. This market shift underscores the prevailing uncertainty as trading activities hover at a pivotal juncture, with the $1,925 zone at the forefront. The potential for a rebound in XAUUSD prices looms large, attributed to the reversal in US bond yields. The US 10-year benchmark note coupon recently retreated from a 16-year high of 4.51% to 4.44%, consequently causing US real yields to dip by five basis points from 2.11% to 2.06%. The question arises: could the current Gold price be undervalued in light of these developments?" XAUUSD Technical Analysis: In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics and uncovered potential trading opportunities. The $1,925 zone will remain our center stage for this week. Its historical significance makes it a crucial point. If the bullish momentum is sustained then the breakout of the uptrend continuation pattern - falling wedge identified on the daily timeframe could incite a strong uptrend continuation. However, if the price breaks below the demand zone at $1,900 then some selling opportunities could take center stage to trigger a USD-favored sell-off. Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more insightful content! 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
1
KNCUSDT → Coin shows strength in a weak market BINANCE:KNCUSDT stops its decline in late 2022 at 0.495-0.500, thus forming a bottom. The market holds this area quite confidently. And at some point, on the background of weak BINANCE:BTCUSD , KNC forms a resistance breakout, which could be the first bell On the chart we can compare the behavior of the last few days of BTC and KNC. The second one feels confident and is ready to strengthen further. While BTC has been in a falling phase for the last 7 days, Kyber network / TetherUs is strengthening already by 28%. Altcoins have been receiving more attention from speculators lately as they are livelier and more active. The latest retest of the 0.495 bottom on September 12 leads to the formation of a bullish momentum, within which the price makes an attempt to exit the descending range. After the breakout and correction, consolidation is formed above the resistance. If the bulls can finally keep the price above this line, we will be able not only to observe, but also to participate in the price growth to the targets indicated on the chart. The area above 0.955 is quite loose and price could quickly reach 1.200-1.400, but for this to happen we need to get momentum from the previously broken resistance. Support levels: 0.630, MA200, MA50 Resistance levels: 0.710, 0.834 I expect an active phase from the bulls' side. The first phase is consolidation. After which I will wait for growth to the mentioned areas. Regards R. Linda!
Long
by RLinda
17
APTOS Potential : Falling Wedge 📉📈Understanding the Falling Wedge Pattern: The falling wedge pattern is a bullish reversal pattern that occurs after a downtrend. It's characterized by converging trendlines, with the upper trendline (resistance) sloping downward at a steeper angle than the lower trendline (support). This pattern often suggests that selling pressure is weakening, potentially paving the way for a bullish move. The Case for APT: APT, like many cryptocurrencies, experienced a downtrend or consolidation phase. The falling wedge pattern on the APT chart indicates that the price is trapped within this pattern, but it's essential to consider the broader context. Potential Price Target: The primary price target in a falling wedge pattern is often set at the highest point within the wedge. This represents a critical resistance level that, if breached, can trigger a significant bullish move. Key Considerations: Patterns are valuable tools, but they are not guarantees of future price action. Always use additional indicators and fundamental analysis to confirm your trading decisions. Risk management is crucial; set stop-loss orders to protect your investments. Conclusion: The falling wedge pattern in APT presents an intriguing opportunity for traders and investors. While patterns can offer insights, it's essential to combine them with a comprehensive analysis of market conditions and news events. Keep a watchful eye on APT as it approaches the upper trendline of the falling wedge pattern. If the price can break through this resistance level, it may signify a bullish reversal and potential opportunities for growth. Remember that cryptocurrency markets are inherently volatile, and trading involves risk. Exercise caution, do your research, and stay informed about APT's developments in the crypto space. As the market unfolds, APT's falling wedge pattern could be the key to unlocking its true potential. Stay tuned for further updates and price action, and always trade responsibly. ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚🚀💚
Long
by Yaroslav_Krasko
3
Rising and Falling Wedges ExplainedWelcome to the world of trading patterns. If you appreciate our charts, give us a quick 💜💜 Today, we'll explore two important ones: the Rising Wedge and the Falling Wedge . These patterns can signal shifts in market trends. Let's dive in and see how they work. Rising Wedge: In an uptrend, the Rising Wedge hints at a bearish turn. It takes shape as prices find a middle ground between two upward-sloping lines, one as support and the other as resistance, both inching closer. As the price inches towards the wedge's tip, its upward push tends to fade, suggesting a potential shift to a downward trend. Your sell signal triggers with a bearish break beneath the wedge's support. Set a stop loss just above the wedge's highs. Aim for the next significant support level. Falling Wedge: Unlike the Rising Wedge, the falling wedge spells optimism in a downtrend. It emerges as prices consolidate between two downward-sloping lines, one providing support and the other resistance, both drawing nearer. As prices approach the wedge's apex, the downward momentum loses steam, hinting at a potential shift towards an upward trend. Your buy signal activates with a bullish breakout beyond the wedge's resistance. Place a stop loss just below the wedge's lows. Target the next notable resistance. Feel free to let us know your thoughts and if you have any questions. Your feedback is valuable and helps us improve. Happy trading!
Editors' picks
Education
by Vestinda
21
XAUUSD | GOLDSPOT | New perspective | follow-up detailsWelcome back to another exciting episode of our weekly XAUUSD technical analysis! 📈 In the ever-evolving world of forex trading, gold seems to be holding its ground around the crucial $1,900 mark. 🔒 The recent surge in the U.S. Consumer Price Index (CPI) has sparked inflation concerns, making investors wonder about the Fed's next move. 📊 This week, we'll explore how gold managed to stand strong despite the CPI surprises and the European Central Bank's (ECB) bold rate hike decision. 🌍💰 The upcoming Federal Reserve meeting on September 20th is generating curiosity about Chairman Jerome Powell's remarks and the future path of interest rates. 🏦🤔 XAUUSD Technical Analysis: In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics and uncover potential trading opportunities. The $1,925 zone will take center stage for this week. Its historical significance makes it a crucial point. If the bullish momentum is sustained then the breakout of the uptrend continuation pattern - falling wedge identified on the daily timeframe could incite a strong uptrend continuation. However, if the price breaks below the demazone at the $1,900 then some selling opportunities could take center stage to trigger a USD-favored sell-off. Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more insightful content! 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
4
AAVEUSDT → Breakout of descending triangle resistance BINANCE:AAVEUSDT is forming a breakout of the descending triangle resistance. Buyers are confidently holding the bottom, keeping the price below 55.00, but at the same time testing a trend change attempt AAVE follows BINANCE:BTCUSD . A momentum and a small pullback is forming. This is partly a bad thing. Until bitcoin gets momentum and a breakout of local resistance, the pegged coin will also stand still. If the market doesn't acquire a buyer while the coin consolidates above the broken resistance, the flat formation will continue. Bitcoin is strengthening as it receives fundamentally positive data, mostly related to ETFs. From a technical analysis perspective, AAVE has good upside potential. A prolonged consolidation for 15 months is forming and the price moving beyond resistance is signaling possible upside. The price is testing the MA-200, if the moving average is broken, there will be a chance for growth to 91.3 Support levels: previously broken resistance, MA50, 55.2. Resistance levels: MA-200, 69.56. I expect consolidation above the previously broken trend line with subsequent retest and breakout through MA-200. Regards R. Linda!
Long
by RLinda
16
💱GBPJPY - The counter-trend correction may end soon GBPJPY is in the correction phase amid the global uptrend. The Central Bank may stop raising rates, which will predictably affect the pricing of the pound. A wedge is forming within the correction, which is an interesting set-up against the backdrop of the GBPJPY currency pair TA on the high timeframe: 1) The Japanese Yen may continue its weakening. In this case, the pound, on its background will begin to actively strengthen 2) Within the wedge and against the background of the indicator on the D1 chart, we see the formation of consolidation (wedge against the background of the uptrend). In the future, the growth of the currency pair may continue TA on the low timeframe: 1) We have an actual descending channel. Consolidation is formed in the range between 183.4 - 182.7. 2) A descending wedge is also forming on the chart. Statistically, in this case, most often the price breaks the resistance figure to end the counter-trend correction 3) We are waiting for a breakout of the triangle resistance with subsequent growth. 4) But the consolidation of the price below 182.7 will be a signal for selling. Key support📉: 182.7 Key resistance📈: 183.5
Long
by Gold-Tech
10