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Falling Wedge

APEUSDT → A distribution could follow from the bottom of 1.730BINANCE:APEUSDT is trying to develop a bullish scenario. The prolonged bearish trend may end, but buyers will have to take and hold a few positions to do so While bitcoin is testing a strong support area and is in the correction phase, APE is breaking the descending wedge resistance and forming a local wedge. In this case, we are interested in resistance at 1.836 and 1.990, the latter being the resistance area of the wedge. It is enough for the bulls to break one of the levels and form the liquidity area, which will allow to start the strengthening and distribution phase after consolidation. The price tested the bottom at 1.730, the market reacts with a small bounce. MA-50 resistance may be tested soon, market may give a small bounce before breaking the resistance and further up towards 2.793 Support levels: 1.836, 1.730 Resistance levels: 1.990, MA-50 I expect the growth to continue after the breakout of the mentioned resistance area. Medium-term potential - 2.793, 4.528. Regards R. Linda!
Long
by RLinda
24
SUSHIUSDT → Resistance breakout. Expect momentum BINANCE:SUSHIUSDT is forming a bearish wedge and after retesting the global bottom, the price starts to strengthen, breaking the resistance of the pattern A symmetrical triangle has been forming for the last few weeks, within which the potential is accumulating. Within the forming figure, the price is breaking the resistance of the global wedge, but is still trapped under the triangle resistance. Most likely, when breaking the symmetrical triangle resistance, the coin can show an excellent bullish momentum. The market is waiting for activity from bitcoin, but it has reduced its volatility to a minimum, showing little reaction over the past few weeks only yesterday when the market bought back the decline and altcoins reacted accordingly. The SUSHI bulls may prove themselves in the near future Support levels: 0.637, previously broken wedge resistance Resistance levels: Triangle resistance, 0.827 I expect consolidation above the wedge and retest of the triangle resistance with the subsequent breakout and growth towards these levels. Regards R. Linda!
Long
by RLinda
15
RUNEUSDT → Price breaks resistance after retesting the bottom BINANCE:RUNEUSDT is forming a prolonged downtrend. A global setup capable of changing the trend is being formed. After testing the bottom, the price starts to realize the bullish potential The rebound from 0.777 (market bottom) forms a bullish reaction on the background of bitcoin growth. An active strengthening and breakout of the global trend resistance is formed. The price is sandwiched between local resistance at 1.110 and support at 1.003. A local consolidation may be formed with the subsequent retest of the upper boundary of the flat and realization of the breakout. This move may give the market a new potential and price growth. MA-50 acts as support and MA-200 as resistance. The height of the range is large and this gives scope for the medium term. Support levels: 1.003, 0.777, MA-50 Resistance levels: 1.110 I expect a retest of 1.110 followed by a breakout and further growth to 1.433 or 1.722. Regards R. Linda!
Long
by RLinda
19
NZDUSD → A bearish wedge could lead to a rebound FX:NZDUSD is declining in the format of a bearish wedge. Within the pattern, the price may test the key support, but what to expect from the price further? The support level of 0.59939 is the lower boundary of the global flat. There are no signals to break the support now, a retest of the level is formed after 2 months, the liquidity area will not allow to break this level. After the breakout of the support of the wedge will be followed by a retest of the indicated support level 0.59939, but I do not expect a breakout of this support. With high probability a rebound from the support may follow and the price may form a bullish momentum to the 0.61330 area. The moving averages formed a bearish signal earlier, which has already worked out, at the moment the lines indicate a bearish trend. Support levels: 0.59939 Resistance levels: 0.60692 I expect a retest of the support followed by a bounce up to 0.60692 or 0.61330. Regards R. Linda!
Long
by RLinda
8
BITCOIN LONG - MEDIUM TERM Bitcoin falling wedge pattern on the higher timeframe charts looks good... context: has moved up into new territories around 30k and has tried to push higher but failed, being stuck within range bound trading, we have seen the range get traded many times, now we have a small dip below the lower end of the range aswell as falling wedge pattern which signals a continuation pattern. Hopefully we will see this wedge break to the upside, retest and move back into our range. Will update with other confluences within the comments section.
COINBASE:BTCUSDLong
by TraderE9
2
GOLD → The bear's paw regulates the market. The red zone OANDA:XAUUSD is forming a setup that can accumulate the potential to continue falling. The price is testing local support and forming a rebound before further decline The global bearish trend continues to develop. The price failed to pass through the 1980 area, forming a false breakout of the resistance area. A downward price channel is formed on the chart, after breaking the trend support the price forms a prolonged consolidation below the support. A descending triangle is formed, which can be interpreted as a dpavlenie prodlavleniya on buyers in the area of 1922. Moving averages show a strong trend and act as resistance. MA-50 confirm the local resistance of the triangle. Support levels: 1923,5 Resistance levels: 1927.5, triangle resistance In the medium term, I expect a continuation of the fall, but before that there may be a rebound to 1927-1930. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
15
Bitcoin - Explosive breakout, watch this bull flag! Bitcoin is forming a bullish flag pattern or a wedge pattern on the daily chart, and that's why we can expect an explosive breakout in the immediate short term! The question is, when is it going to be? I would say this or next week, because the price could still touch the upward yellow trendline. But the decision will be very soon! Bitcoin is bullish because the price is above the yellow trendline and above the 200-day simple moving average. They are pretty close to each other. This moving average is considered strong support / resistance by huge institutions and hedge funds. It can also be a 200-week MA or a 200-month MA. They are pretty good. The target of this bullish flag / wedge is the white trendline. Make sure you take profit here because we could crash from this point! 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 post trade setups privately. Usually September is a bearish month, but we still have almost a month. Bitcoin usually pumps in 1-3 straight candles when no one is expecting it. It can be really fast! XRP also reached a strong support that can send it to higher prices, specifically 1.7 USDT per coin. It's a good time to buy it! I remain bullish on BTC, but on the intraday chart, we could still have some imbalance and wicks to take liquidity before going to 32k. Let me know in the comment section what you think about BTC. I look forward to your comments! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
133
Conditions Required for BTC Rise * 2H BTC is also considered an extension of the falling wedge convergence. It broke the short-term downward trend line, supported by an important support level of $28918. If it does not break the short-term upward trend line, it is likely to rise to $29400-$29500, and if it breaks through, it is likely to rise to $29600-$29800, the top of the falling wedge. If the short-term upward trend line breaks, it will likely return to the 28900 support line retest and fall to the bottom of the falling wedge. So for the BTC to rise further, breaking the $29400-29500 resistance and supporting it is the most important point. Then I hope you have a safe trade !
Long
by untoldanalysis
13
ARKM - Falling wedge, or over the edge? ARKM is a newly listed project that has a decentralized intelligence marketplace and ARKM can be utilized with the market. Since it's initial listing, price action has continued to slide under heavy selling pressure. Price is down ~50% from its highs. The reduced selling pressure can also be seen from the reduction in volume over time. If there is not a market wide directional event, we could see strong support at the zones i've illustrated. I've also added long position indicators for long positions, to gauge how the idea plays out relative to my thesis here. I would assert that one of these two support zones will act as a point of control that undergoes a test of resistance. Additionally, falling wedges with this volume profile can indicate a strong reversal. However, initial listings can be highly volatile and a breakdown of support would not surprise me either. I would put it at 60/40. Bull/bear.
by SpektreSignal
BTC: QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is currently hovering around the FWB:29K level. According to the chart, it is forming a falling wedge-like structure in 4hr time frame and currently trading inside the wedge. Expecting it to move inside the wedge for a while and might touch the $28.3k support area. If it holds that support area, then we might see a small breakout in the month of August and might go above $30k one more time. Also, according to the HTF chart and past years' data, I'm expecting a huge dip in the month of September (Anywhere between $20k- FWB:25K ). As of now waiting to test the $28.3k area and let's see how the price reacts there. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
4
FILUSDT - Potential Bullish Opportunity! 🚀 FILUSDT - Potential Bullish Opportunity! 🚀 📊 Technical Analysis: - 1-hour chart shows a clear downtrend in FILUSDT. - RSI indicator is displaying a bullish divergence, hinting at a potential reversal. - A bearish falling wedge pattern is forming, signaling a potential trend reversal. 📈 Trade Plan: - Buy Stop Entry (Above Last LH): $4.165 🎯 - Stop Loss (Below Last LL): $4.041 ❌ - Take Profit (1:1): $4.288 🎯 - Projection Range: $4.122 - $4.360 📈 📉 Risk Management: - Risk-Reward Ratio: 1:1 ⚖️ - Only invest what you can afford to lose 💰 - Use appropriate position sizing to manage risk 🔍 📝 Investment Advice: The provided technical analysis suggests a potential bullish opportunity in FILUSDT. However, always exercise caution and perform your own research before making any investment decisions. Remember to set a stop-loss to protect your capital. Disclaimer: This post is for educational and informational purposes only and should not be considered financial advice. Trading involves risks, and past performance is not indicative of future results. Always do your own analysis and seek professional advice if needed. #DYOR #InvestResponsibly Let's stay sharp and take advantage of the market opportunities! Happy trading! 📈🚀 #CryptoCommunity #TradeSmart 📈 #CryptoTrading #TechnicalAnalysis #FILUSDT #BullishDivergence #FallingWedge
Long
by T-Q
FXSUSDT → Out of Range. It's up to the bulls BINANCE:FXSUSDT is squeezed within the consolidation boundaries of 7.174 - 3.910, but at the same time inside the range there is a prerequisite for a possible trend change and price strengthening A bullish pattern in the format of a "bearish wedge" is forming on the chart. The price is breaking resistance on the background of weak bitcoin. Investors are looking for potential in altcoins during a correction in the cryptocurrency market. Consolidation above 5.866 could form a bullish upside to 7.175, which would form a retest. In this case, the market will get the potential to break the resistance of the 7.175 range and further growth. There is no pronounced trend, the price is forming a sideways range based on the bottom of 3.910. The market may slowly but try to reverse. Support levels: 5.866, 3.910 Resistance levels: 7.175 I expect the formation of bullish support with the last retest of 7.175 aimed at the breakout of the range and further growth. Regards R. Linda!
Long
by RLinda
10
BLUR!! This pattern is BULLISH!When looking at BLUR we can see that it is in a tight falling wedge pattern. This is a bullish pattern and usually breaks towards the upside most percent of the time. With this pattern being so tight, I would expect to see a bullish move up within the next 24-48 hours as long as Bitcoin doesn't completely fall off a cliff here. I'm currently long on this trade looking to take profits around $0.40 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! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
COINBASE:BLURUSDLong
by Navitility
2
GOLD → Resistance pressure on D1. Waiting for news OANDA:XAUUSD is forming a descending range after breaking the local trend. On D1, the chart is showing strong pressure from resistance and is forming a descending triangle which could give a strong fall, but there is news ahead... The price is testing the support at 1943 with the last move, making a false break and thus updating the local low to 1941.29. Based on the situation on the local timeframe and on the D1 we can say that the sellers are stronger, the fundamental background of the last trading week adds some confidence for this. Today ADP NonFarm Employment Change is published ( analysts expect a decline in the indicator, therefore the dollar may react negatively ), this press release can give us a rough mood for Thursday and Friday ( INJ, ISM, Nfp, UR are published ) Still, technical analysis initially lays a large percentage of the expected movement, even before the publication of the news and at the moment there is a preponderance of forces in the direction that the market is preparing for a fall. When enough weighty news is published, this imbalance may shift and in this case the price may break 1954, 1960 and head towards 1974 Support levels: 1943 Resistance levels: 1954, 1960 In priority I expect a decline to 1943 with the subsequent breakout, but on the background of news the price may act unpredictably and break the resistance. Watch the price reaction. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
29
KNCUSDT → A break of resistance forms an impulseBINANCE:KNCUSDT breaks the resistance of the figure and forms the primary impulse. The resistance 0.726 is retested. The price moves to the realization phase. What to expect next? KNCUSDT is forming a bullish setup. The prolonged downtrend may break and change to a bullish trend. The price is retesting 0.726 in the phase of realizing the accumulated potential. If 0.726 is broken through, the growth to the key resistance 0.933 can be formed, which will separate us from the active growth to 2.200, as the area of 0.933-2.200 is empty and there will be no obstacles for the price. Recently, altcoins are increasing volumes and are active, which may show good potential in the near future. Support levels: 0.575, 0.495 Resistance levels: 0.726, 0.933 I expect a bounce from 0.726 and a possible retest of the previously broken figure boundary, but in the medium term I stick to the fact that the price can show excellent growth by tens of percent. Regards R. Linda!
Long
by RLinda
17
Bitcoin - Falling wedge will send BTC to 32k! (act quickly) The price of Bitcoin is currently forming a bullish falling wedge pattern, and we are very close to a breakout! Trade it properly. We can see that the price broke out of the strong horizontal line (at 29500), but the bears are weak and they are not able to continue in the downtrend. What is now likely is that the bulls are going to push the price back above the line and pump bitcoin to 32K! 32k is a strong resistance because of the ascending trendline, so make sure you take profit or open a short when the time comes! On the way up to 32k, we have some minor resistances, such as the previous unfilled FVGAP and 0.618 FIB retracement. Good for intraday pullbacks, but nothing huge. 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 post trade setups privately. From the Elliott Wave perspective, we clearly see an overlapping structure in the downtrend. I marked it as WXY (double three pattern). Also, the X wave looks like a triangle, which suggests that the downtrend is almost over. This is my update on BTC. I expect higher prices for the crypto market in the next few weeks! Alt season is ready, so make sure you buy some altcoins if you haven't already, as per my previous analysis. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! What do you think about Bitcoin? Let me know in the comment section; I look forward to your opinions! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
115
GOLD → Friday's buyback. NonFarm in the coming week OANDA:XAUUSD after breaking the global trend support and attempting to change the trend is not in a hurry to fall yet, most likely the price is looking for confirmation of which way to go. Consolidation is forming which may confuse many. In the coming week there are quite important key reports: - ISM Manufacturing PMI (analysts expect a slight strengthening of the indicator) - ADP Nonfarm Employment Change (may be followed by an improvement on the back of GDP growth) - Initial Jobless Claims (analysts expect deterioration of the indicator, last week the indicator was upgraded at the forecasted deterioration). - ISM Non-Manufacturing PMI (analysts expect a deterioration) - NonFarm Payrolls ! (Analysts expect it to worsen from 209K to 184K) - Unemployment Rate (unchanged) Against the backdrop of a rising GDP and a relative decline in inflation (unconfirmed), the indicators of the upcoming news may change relative to the expected data. If the expected data is confirmed, then the dollar may lose some ground and give a little room for gold to strengthen. From the technical analysis point of view: The price is in a sideways flat after the breakout of the global bullish channel. Everyone expected a sharp fall after breaking the support, but with the unstable fundamental background, gold is strengthening and forming a flat within 1983 - 1935. If we take a closer look, we can see a reversal set-up against the upper boundary of the range, which is a strong resistance, but on Friday gold buys back a 0.9% drop and once again questions the H&S set-up formed. At the moment the 1959.8 resistance plays a key role, the price forms a false break of the level but at the same time closes very close to this line, from the opening of the session a gap up could follow which would open the price above 1960. Since the price is flat and closed last session within the setup, the local strengthening may continue to 1980, and then we have to watch the price reaction to these levels. We should also pay attention to the fact that on the background of the news a strong bearish impulse was formed, which broke several supports and formed a correction to 1959.8. If this level is held by the sellers, the bears may send the price to 1948 for a retest (negative fundamental background is still present in the market). Regards R. Linda!
OANDA:XAUUSD
by RLinda
23