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Falling Wedge

BTC UPDATE! WAIT FOR A RETEST BEFORE GOING LONG!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to the new BTC update. The previous BTC update plays out perfectly. Do check it out, if you haven't yet (Link given below) Now, let's analyze what's the next possible scenario from here. As you see in the chart, BTC breaks out the falling wedge in a 12hr time frame and made a high of FWB:29K Lots of shorts getting REKT today. Now, it's time for a cool down for a while. I'm expecting it to retest the wedge ($26.6k-$27.2k) I'm not going to long anything here. Patiently waiting for the dip to go long again. After the successful retest, the target is FWB:31K -$32k Hope my content will help you in making better trade decisions. If you like the ideas then do not forget to smash the like button and follow for all the latest updates. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
2
Bitcoin - Bull trap triggered, huge crash is starting! Today I opened a short on BTC, and in this analysis, I will tell you why. In the previous analysis called "Bitcoin - The biggest bull trap in history!" I told you I wanted to short Bitcoin at the 0.618 FIB retracement; today we reached the important level and took liquidity above the previous swing high. Now everyone is extremely bullish, and it's time to short it. On the chart, you can see a huge parallel channel on the weekly scale, and today we retested the trendline of the channel and the POC of the previous triangle. This is a very strong resistance, which is why I expect a huge decline in price in the next few days or even weeks. I am a very transparent trader because I share all the trades that I make with the entry points, SL, and TP. From the Elliott Wave perspective, we can see a falling wedge, which is a bearish leading diagonal pattern with an overlapping wave structure. Usually you want to short it at wave (4) of the diagonal pattern, and we hit this wave today. In my opinion, wave 2 of the higher degree has been completed, and we are ready for the 3rd wave, which can be extremely steep. It's possible that Bitcoin will start consolidating a little bit at the current price, so altcoins can also pump a bit. But it's only going to be temporary. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! 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. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
227
GOLD → Breakthrough 1939. Greetings from the Bears OANDA:XAUUSD breaks support after another retest of the 1939 level. Consolidation is forming and the price is headed down. What can happen and what should we be prepared for? There is a large pool of liquidity below the 1925 area, and if it touches this level, the volumes may surge and the volatility may increase. The price may retest the previously broken 1939 before further declines. But at the moment the fact is that the market is about to fall and there are many reasons for that, all of which are pointed out on the chart. After breaking through the support and consolidation of the price below the level, we got an entry point. The price is expected to fall under the pressure of the bears and the current trend. At 14:00 GMT FED Powell is broadcasting, it is worth looking out for his words. (Expect increased volatility). Resistance levels: 1939, SMA-50. Support levels: 1925, 1914, 1885. As a priority I expect the price decline towards 1900, but based on the situation, from the key support levels or before the news something unpredictable may happen. The priority is to sell. Sincerely R. Linda!
OANDA:XAUUSDShort
by RLinda
25
The Bullish Case for Ethereum, A Comprehensive Review!!If price manage to break the falling Wedge . the price can easily reach the target after a little correction. 🌟 Bullish signals in the PRZ area are: - Support zone - Pivot - Bullish Channel - falling Wegde - bollinger band - 5th Waves ⭐ and the bullish signals of market momentum are: - Regular divergence in MACD ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or Wedge broken from the bottom , this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
COINBASE:ETHUSDLong
by CobraVanguard
5
GOLD → Possible scenarios for the situationOANDA:XAUUSD still looks quite bearish. The bulls continue to hold the 1939 level and then we are reminded of the Market Maker traps. What could happen? We continue to see a strong consolidation, which is formed by dynamic sellers and limit buyers, who put limit orders in the 1939 area (there was a false breakout earlier). There is a huge volume of liquidity, and a breakthrough on one side of the range will form a strong surge of volatility and volume. Below I would like to offer some scenarios, which, in my opinion, are relevant at the moment: Everything depends on how the price behaves near one of the key levels. It could be a rebound, a breakout, or a false breakout, but at the moment I look at gold as an instrument that is getting ready to fall. Support levels: 1947, 1939 Resistance levels: SMA50, range resistance, SMA200 I expect that resistance will affect the price predictably and we will see the price continue to fall to 1939 followed by the possibility of a support breakout. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
29
KLAYUSDT → Buyers are breaking resistance. What to expect next? BINANCE:KLAYUSDT has been forming a downward range for several months. After touching the lower boundary of the wedge, the price forms an active strengthening and breaks the resistance of the range. What to expect from the coin? Above the level of 0.1551, near the wedge resistance, a pre-break consolidation is formed. Today we see the realization of the accumulation and the price breaks the resistance of the figure. This is quite a strong signal that a trend change attempt and a strong momentum may form. BINANCE:BTCUSDT starts to strengthen and pulls some of the cryptocurrency market with it. The entire market has been in a freeze lately amid fundamental circumstances, one of which is the SEC claims against major cryptocurrency exchanges. Support levels: 0.1551, the previously broken wedge boundary Resistance levels: 0.1663, 0.1933 The bulls are trying to take the situation into their own hands, but resistance at 0.1663 separates us from a strong growth. If the buyers will manage to overcome this area, then the market can show active strengthening to 0.2340. Regards R.Linda!
KLong
by RLinda
12
Bitcoin probably will Recover soon (Falling wedge pattern)Bitcoin has been falling over the last few days, even more so with the SEC news accusing cryptocurrency exchanges BinanceUS and Coinbase. Looking at the chart we are inside a falling wedge pattern that usually breaks upwards, we also have strong support in the 25k region which coincides with 0.382 of fibo. Comparing the market in general, such as SPX500, Nasdaq, Gold and DXY, Bitcoin is cheap and once this FUD is resolved we will probably see a quick price recovery. So as long as we are above 25k, most likely the price will recover in the next few days.
COINBASE:BTCUSDLong
by MrClock
Triple Bottom (bullish)There´s a possibility of getting out of this SEC news FUD mess if we confirm the falling wedge and get breakout of it. Just recently, on the daily chart BTC printed a triple bottom which is quite a bullish pattern showing some buying interest in this area. If we go below 24/25k we are surely still in a bearmarket. If we break out of this falling wedge prepare for a move above 30k. Trying to become a bull. Sooner or later will surely happen. Good luck!
BINANCE:BTCUSDLong
by JacintoMonteiro
📉 Falling Wedge Alert on $1INCH! Reversal Potential!Hey traders! Today, I want to discuss an intriguing chart pattern I've identified on $1INCH. Let's explore the falling wedge pattern and its implications, particularly in relation to the parabolic trend. 📊💡 Pattern: Falling Wedge 📉🔽 Symbol: CRYPTOCAP:1INCH 💰 Overview: A falling wedge is a bullish chart pattern characterized by converging trendlines, with the upper trendline sloping downward and the lower trendline sloping upward. The presence of the parabolic trend further adds to the potential reversal scenario. Let's delve into the falling wedge pattern on CRYPTOCAP:1INCH in more detail. ⚡💹 Key Features of the Falling Wedge on CRYPTOCAP:1INCH : Converging Trendlines: The upper trendline connects lower highs, while the lower trendline connects higher lows, indicating a potential shift in market sentiment. 📈📉 Parabolic Trend Support: Notice that CRYPTOCAP:1INCH is currently holding the parabolic trend, which reinforces the bullish outlook and strengthens the potential reversal signal. 🚀📈 Breakout Expectations: Falling wedge patterns often precede bullish breakouts. To confirm the pattern, traders typically look for a decisive move above the upper trendline. It is essential to wait for a confirmed breakout before considering any trades. 🚀📈 Trading Strategy: Entry Point: Consider entering a long position once CRYPTOCAP:1INCH successfully breaks above the upper trendline of the falling wedge pattern, supported by the parabolic trend. This breakout could indicate a potential reversal and continuation of the upward trend. ⬆️💰 Stop-Loss: To manage risk, set a stop-loss order below the lower trendline, protecting against potential downside. ⛔️📉 Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈 Risk Management: Implement proper risk management techniques, such as position sizing, setting stop-loss orders, and adhering to your trading plan. Always be aware of the inherent risks associated with trading cryptocurrencies like $1INCH. ⚠️💼💡 Disclaimer: Trading cryptocurrencies carries risks, and it is crucial to conduct thorough analysis and seek professional advice before making any investment decisions. #FallingWedge #1INCH #Cryptocurrency #ParabolicTrend #BullishReversal #TradingStrategy #TechnicalAnalysis #ProfitTargets #RiskManagement In conclusion, the falling wedge pattern identified on CRYPTOCAP:1INCH , combined with the parabolic trend, suggests a potential bullish reversal. Exercise caution and wait for a confirmed breakout before making any trading decisions. Stay tuned for further updates on $1INCH! 🚀💹 (Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Long
by STP_MrNodeItAll
XAUUSD - FALLING WEDGE PATTERN FORMATIONGold price (XAU/USD) saw buying interest around $1,947.50 in the London session, climbing above the crucial resistance of $1,950.00. Investors anticipate only one more interest rate hike from the Fed this year. S&P500 futures extended their downside journey as investors became cautious ahead of the extended weekend in the US due to Juneteenth. HSBC economists advise caution due to rising valuations and potential Fed tightening. However, we believe the Fed is nearing the end of its tightening cycle, benefiting US equities. The US Dollar Index (DXY) remains sideways despite Fed Chair Powell's affirmation of no rate cuts this year. Gold is approaching the upper part of the Falling Wedge pattern, with resistance at $1,958.84 and $2,000.00. RSI (14) indicates non-directional performance. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
OANDA:XAUUSD
by legacyFXofficial
BTC: BREAKOUT IN LTF! READY TO GO $28K!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. In my previous BTC update, I told you to buy around $24.8k level. Hope you bought some and made nice profit so far. According to the chart, BTC breaks out from the falling wedge like structure in 4hr time frame. Currently, holding the $26.2k support. As long as we hold this support expecting a good pump up to $28k level. If we breaks below $26.2k support then it must hold the retest level of the wedge. Overall it's looks good for shorter time. Expecting a good pump in BTC and Alts on weekend. Invalidation:- If it closes below $25.4k then this chart becomes invalidated. 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
5
📉 Falling Wedge Alert on $BTC! Parabolic Trend Holds Key! 💹🚀Hey traders! Today, I want to share an exciting chart pattern I've identified on CRYPTOCAP:BTC (Bitcoin). Let's dive into the falling wedge pattern while considering the significance of holding the parabolic trend. 📊💡 Pattern: Falling Wedge 📉🔽 Symbol: CRYPTOCAP:BTC 💰 Overview: A falling wedge is a bullish chart pattern characterized by converging trendlines, with the upper trendline sloping downward and the lower trendline sloping upward. When combined with holding the parabolic trend, it could indicate a potential reversal and continuation of the upward trend. Let's explore the falling wedge pattern on CRYPTOCAP:BTC in more detail. ⚡💹 Key Features of the Falling Wedge on CRYPTOCAP:BTC : Converging Trendlines: Observe how the upper trendline connects the lower highs, while the lower trendline connects the higher lows. This pattern suggests a potential shift in market sentiment. 📈📉 Parabolic Trend Support: Pay attention to the fact that CRYPTOCAP:BTC is holding the parabolic trend, indicating a strong bullish bias. This support adds weight to the potential reversal signal. 🚀📈 Breakout Expectations: A falling wedge pattern often precedes a bullish breakout. Traders typically anticipate a decisive move above the upper trendline for confirmation. It's important to wait for a clear breakout before considering any trades. 🚀📈 Trading Strategy: Entry Point: Consider entering a long position once CRYPTOCAP:BTC convincingly breaks above the upper trendline of the falling wedge pattern, supported by the parabolic trend. This breakout may suggest a potential trend reversal and continuation of the upward momentum. ⬆️💰 Stop-Loss: Set a stop-loss order below the lower trendline to manage risk and protect against potential downside. ⛔️📉 Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈 Risk Management: Remember to implement proper risk management techniques, including position sizing, stop-loss orders, and adherence to your trading plan. It is crucial to carefully manage your risk exposure while trading CRYPTOCAP:BTC or any other cryptocurrency. ⚠️💼💡 Disclaimer: Trading cryptocurrencies carries risks, and it is important to conduct your own analysis and seek professional advice before making any investment decisions. #FallingWedge #Bitcoin #BTC #Cryptocurrency #TechnicalAnalysis #TradingStrategy #ParabolicTrend #BullishReversal #RiskManagement In conclusion, the falling wedge pattern identified on CRYPTOCAP:BTC , along with holding the parabolic trend, suggests a potential bullish reversal. However, exercise caution and wait for a confirmed breakout before making any trading decisions. Stay tuned for further updates on $BTC! 💹🚀 (Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Long
by STP_MrNodeItAll
5
🔥📉 Falling Wedge Alert on $POLS! Bullish Reversal Brewing?Hey traders! Today, I want to bring your attention to an intriguing chart pattern on $POLS (Polkastarter). Let's dive into the falling wedge pattern and explore the potential for a bullish reversal. 📊💡 Pattern: Falling Wedge 📉🔽 Symbol: $POLS 💰 Overview: A falling wedge is a bullish chart pattern characterized by converging trendlines, with the upper trendline sloping downward and the lower trendline sloping upward. It often signals a potential trend reversal from bearish to bullish. Now, let's analyze the falling wedge pattern on $POLS in more detail. ⚡💹 Key Features of the Falling Wedge on $POLS: Converging Trendlines: Notice how the upper trendline connects lower highs, while the lower trendline connects higher lows. This pattern suggests a potential shift in market sentiment. 📈📉 Decreasing Volatility: Observe the gradual contraction of price range and declining trading volume as the pattern develops. These characteristics may indicate diminishing selling pressure. 📉🔻📈 Breakout Expectations: A falling wedge pattern often precedes a bullish breakout. Traders typically await a decisive move above the upper trendline for confirmation. However, exercise caution and wait for a clear breakout before initiating trades. 🚀📈 Trading Strategy: Entry Point: Consider entering a long position once $POLS breaks above the upper trendline of the falling wedge pattern. This breakout could signal a potential trend reversal and the start of a bullish move. ⬆️💰 Stop-Loss: Place a stop-loss order below the lower trendline to manage risk and protect against potential downside. ⛔️📉 Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈 Risk Management: Implement proper risk management techniques, including position sizing, stop-loss orders, and adherence to your trading plan. Always be mindful of the inherent risks involved in trading cryptocurrencies like $POLS. ⚠️💼💡 Disclaimer: Trading cryptocurrencies carries risks, and it is essential to conduct thorough analysis and seek professional advice before making any investment decisions. #FallingWedge #POLS #Cryptocurrency #BullishReversal #TradingStrategy #TechnicalAnalysis #ProfitTargets #RiskManagement In conclusion, the falling wedge pattern identified on $POLS indicates the potential for a bullish reversal. However, exercise patience and wait for a confirmed breakout before making any trading decisions. Stay tuned for further updates on $POLS! 🚀📊 (Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
PLong
by STP_MrNodeItAll
📉 Falling Wedge Alert on $HBAR! Potential Reversal Opportunity?Hey traders! Check out the falling wedge pattern I identified on CRYPTOCAP:HBAR (Hedera Hashgraph). Is a bullish reversal in the cards? Let's analyze and explore potential profit-taking levels! 📊💡 Pattern: Falling Wedge 📉🔽 Symbol: CRYPTOCAP:HBAR 💰 Overview: A falling wedge pattern on CRYPTOCAP:HBAR suggests a potential trend reversal from bearish to bullish. It forms when converging trendlines indicate decreasing volatility and selling pressure. Now, let's discuss potential profit-taking levels! ⚡💹 Key Features of the Falling Wedge on CRYPTOCAP:HBAR : Converging Trendlines: Upper trendline connects lower highs, while lower trendline connects higher lows, indicating a potential shift in sentiment. 📈📉 Decreasing Volume: Observe declining trading volume as the pattern develops, implying diminishing selling pressure. 📉🔻📈 Breakout Expectations: A bullish breakout from the falling wedge can be anticipated. Traders often await a decisive move above the upper trendline for confirmation. Exercise patience and confirm a clear breakout before executing trades. 🚀📈 Profit-Taking Levels: Take Profit 1: Consider booking partial profits as CRYPTOCAP:HBAR breaks above the upper trendline and reaches the first significant resistance level around $.07. 🎯💰 Take Profit 2: If the bullish momentum continues, look for the next resistance level around $0.10 as a potential profit target. Adjust your position accordingly. 🎯💰 Risk Management: Implement effective risk management techniques to protect your capital. Set appropriate stop-loss orders below the lower trendline to mitigate potential downside risk. Adapt your trading plan as market conditions evolve. ⚠️💼💡 Disclaimer: Trading cryptocurrencies carries risks. Conduct thorough analysis, seek professional advice, and take responsibility for your investment decisions. #FallingWedge #HBAR #Cryptocurrency #TradingOpportunity #TechnicalAnalysis #ProfitTakingLevels #BullishReversal #TradingStrategy In conclusion, the falling wedge pattern on CRYPTOCAP:HBAR indicates the potential for a bullish reversal. Monitor the breakout and adapt your strategy accordingly. Don't forget to implement proper risk management techniques. Good luck! 🚀📊 (Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Long
by STP_MrNodeItAll
4
Bitcoin - The biggest bull trap in history! In the past few days, Bitcoin has been pumping, which I was expecting. I share all trades that I make transparently. But this pump is something that we need to be aware of! Clearly, this falling wedge pattern is coming to an end, because it has been a pretty long time. The price of Bitcoin is stuck in this "range". My ideas on it are the following: We are going to see a bullish breakout above the wedge, just right at the 0.618 FIB. All traders usually try to buy this breakout, but they probably don't know that there is a 0.618 FIB retracement just above the breakout level. Which is definitely an opportunity to short Bitcoin, not long! The next scenario I see is that we are going to see another touch on the upper trendline of the wedge, and after that, we are going to go down in a classic way. I do not expect any strong bullish uptrend above 30k at all, and I am not buying Bitcoin, but we can trade it on futures. From the Elliott Wave perspective, this wedge looks like a leading first wave diagonal pattern, which suggests the start of a huge crash. Now we are in wave (2), which is usually pretty strong and steep, so we can end wave (2) pretty soon! I want to short Bitcoin at the 0.618 FIB retracement, if the price comes to this level! Otherwise, I trade altcoins on futures. We have an unfilled CME GAP at 21k, do not forget it. But I think we are going to go even lower, to 15k or 10k. But I think if we really want to start a bull market, we need to fill the GAP before a new all time high! 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. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
162
Acala Network - Falling Node Wedge Pattern!Greetings, Traders! Today, I want to share an exciting technical analysis finding on the trading pair of ACA (the native token of Acala Network) and USDT (Tether). A falling wedge pattern has been identified, indicating the potential for a bullish reversal in the near future. Let's delve into the details! 📈 Trading Pair: ACA/USDT 📅 Timeframe: Daily Chart 📊 Pattern: Falling Wedge 📉 Understanding the Falling Wedge Pattern: A falling wedge is a bullish chart pattern characterized by converging trendlines that slope downward. Typically formed during a downtrend, it suggests diminishing selling pressure and the potential for a reversal. This pattern indicates the possibility of an upward price movement. 🔍 Identifying the Falling Wedge on ACA/USDT: Upon analyzing the daily chart of ACA/USDT, the following observations come to light: 1️⃣ Recent downtrend: The trading pair has experienced a decline in price over the past weeks. 2️⃣ Converging trendlines: The upper trendline connects the lower highs, while the lower trendline connects the lower lows. 3️⃣ Decreasing trading volume: As the falling wedge pattern forms, the trading volume has been declining, indicating a potential reduction in selling pressure. 📈 Price Targets and Trading Strategy: If the falling wedge pattern on ACA/USDT plays out as anticipated, a potential bullish breakout above the upper trendline may occur, leading to a reversal and potential price appreciation. Consider the following price targets: 1️⃣ Target 1: Resistance level near $2.50 2️⃣ Target 2: Psychological resistance near $3.00 🛡️ Risk Management: Managing risk is essential for successful trading. Implement the following risk management techniques: 1️⃣ Set a stop-loss order below the lower trendline to protect against unexpected price movements. 2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: Keep a close eye on the ACA/USDT trading pair as it develops this falling wedge pattern. The pattern suggests the potential for a bullish reversal on the horizon. However, please note that technical analysis is not infallible, and market conditions can change rapidly. Combine this analysis with other relevant factors before making any trading decisions. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions. Happy Trading! 📈💰 #tradingview #technicalanalysis #fallingwedgepattern #ACA #USDT #AcalaNetwork #cryptotrading #chartpatterns #bullishreversal #tradingstrategies #investing #finance #marketanalysis
Long
by STP_MrNodeItAll