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Falling Wedge

LTC → The market is ready to move into the distribution phase BINANCE:LTCUSDT entered the local buying zone for the first time in 5 months. The price is breaking the resistance and the market is increasing the chances of transition from consolidation to distribution. On w1 we see that LTC has been preparing to realize the accumulated potential formed on the bottom for a long time. The global line is broken and the price has been consolidating in the green zone for a few weeks now. On d1, the token is breaking the daily resistance (global descending line) after a long consolidation. The channel resistance is likely to be tested soon, which could be broken rather quickly. If the mentioned resistance zones are broken, the market may retake the situation quite quickly and we will see a volume growth that will start to form an active momentum towards 85.40 and then to 102.65. The coin has quite a lot of potential. MA-50 supports the market after the false breakdown. Support levels: 71.09, previously broken resistance, 66.13 Resistance levels: 72,30, 73, 74 Friday's price close near resistance, increases the chances for the scenario to materialize. Another retest of 72.30 could lead to a rise to channel resistance, momentum could break this area and the market will move to distribution. Targets are indicated on the chart. BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL Regards, R. Linda!
COINBASE:LTCUSDLong
by RLinda
4
Massive Falling wedge on GME weekly!!!!!!!!!!!!!Just wanted to point out that GME has now reached the end of this massive falling wedge on the WEEKLY. A breakout of this wedge could be absolutely massive to the upside. Also, the last time the Ultimate RSI was this low, shortly after we seen a 155%, $19 to $50 spike in just 14 days. With new legislation for reporting short positions and the pressure on the Hedgies to finally close out, this could be the move everyone has been anticipating. Not to mention the massive amount of DRS'd shares we have been seeing. Grab your fav snack and bev because the extravaganza is about to begin. GLTYA, and happy trading ✌️
NYSE:GMELong
by impossiblebull
12
DXY is Ready to Go UP🚀🏃‍♂️The DXY index is moving in the 🟢 Support zone($103.78_$102.93) 🟢 near the SMA(200) and 1 00_SMA(Weekly) . 🕯If we want to look at the last three daily candles of the DXY index from the candlestick pattern, we can see the reversal patterns of Hammer and Morning Star very well. 💡Also, another sign that shows us the end of the downward trend of the DXY index is the Falling Wedge Pattern in the RSI indicator .👇 🔔I expect the DXY index to trend higher in the coming days and attack the 🔴Resistance zone($105.88_$104.630)🔴 again. U.S.Dollar Currency Index ( DXYUSD ) Analyze, Daily frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DXYLong
by pejman_zwin
6
USDCAD can Go Up by Falling Wedge Pattern⏰(1-Hour)⏰✅ USDCAD managed to form a Falling Wedge Pattern near the 🟢Support zone(1.37 CAD_1.363 CAD)🟢 . 🔨In the past hours, USDCAD managed to break the upper line of the Falling Wedge Pattern and is currently completing a pullback to this line. 🔔I expect USDCAD to rise to at least the Resistance line and 🔴Heavy Resistance zone(1.398 CAD_1.379 CAD)🔴 after completing the pullback. U.S.Dollar/Canadian Dollar (USDCAD), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Long
by pejman_zwin
7
📈 TradingView Analysis: $APE/USDT Falling Wedge Breakout! 🚀Chart Analysis: Pair: $APE/USDT Timeframe: 4-Hour Chart 🔍 Technical Overview: APE/USDT has been forming a clear falling wedge pattern. Price has recently broken out above the upper trendline of the falling wedge. 📉 Previous Price Action: The falling wedge has been a consistent pattern, indicating a period of consolidation. A series of lower highs and lower lows were observed within the wedge. 🚀 Breakout Confirmation: The recent breakout above the upper trendline suggests a potential trend reversal. Volume confirmation during the breakout adds strength to the bullish case. 💡 Key Levels to Watch: Resistance: The next resistance level to watch is at . Support: The previous resistance, now turned support, is at . 📊 Indicators: RSI: Showing signs of bullish divergence, indicating strengthening buying pressure. MACD: Bullish crossover, signaling a potential shift in momentum. 📅 Upcoming Events: Keep an eye on upcoming events, announcements, or catalysts that could impact the price. 🔒 Risk Management: Set stop-loss orders to manage risk in case of unexpected price movements. Adjust positions according to your risk tolerance and trading strategy. 📈 Conclusion: The breakout from the falling wedge pattern suggests a potential bullish trend for $APE/USDT. However, always exercise caution and conduct thorough analysis before making trading decisions. 📣 Disclaimer: This is not financial advice. Trading involves risk, and it's important to conduct your own research. The breakout scenario is based on technical analysis, and market conditions can change rapidly. 👥 Join the Discussion: Share your thoughts on the $APE/USDT falling wedge breakout. What's your price target, and how are you approaching this trade? 🚀 Happy Trading! 📈✨
Long
by STP_MrNodeItAll
The Bullish Case for Bitcoin! A Comprehensive Analysis!!!🌟The Bitcoin is in a Bullish phase by ⤵️⤵️ ➡️the price broken this channel, the price can grow well. ➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern! ➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) . The possibility of starting a impulse 5th waves!!! ➡️also Broadening Wedge it is another bullish sign. ✅Next Targets are 47k and 68k 🍻This is Longterm Analysis!!! Previous Analysis: 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️
Long
by CobraVanguard
7
🐳Cardano will Go Up Again🐳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 🤑Stay awesome my friend. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️
Long
by CobraVanguard
5
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.
by dudebruhwhoa
📈 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💚🌐💚 ❗See related ideas below❗
Long
by Yaroslav_Krasko
🚧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... _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Long
by CobraVanguard
1
🚀 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 ❗See related ideas below❗ Share your thoughts, strategies, and excitement in the comments! Let's ride the crypto wave together. 💚🌐💚
CRYPTOCAP:TOTAL2Long
by Yaroslav_Krasko
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. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale