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Falling Wedge

LTC/BTC falling wedge formingLitecoin appears to be forming a falling wedge against bitcoin. Rsi trend has bottomed along with the price action within this wedge. RSI is showing bullish divergence over the last several weeks. Volume has been flat or declining in this wedge, often a reversal signal. This could be as much as a 30% move up to the next resistance area. This is the product of two potential outcomes. 1. BTC declines while LTC remains flat. 2. LTC gains while BTC price remains flat.
Long
by BallsOfSteel32
CADCHF → Downtrend triangle on the background of a bearish trendFX:CADCHF under trend pressure is forming a setup to continue the trend and update the global lows. The currency pair is in the bearish phase. The price continues to decline and test the strong limit support line at 0.64990. A descending triangle pattern is forming on the chart, which can be interpreted as pressure from dynamic sellers on limit buyers at 0.64990. The price is within the descending price channel, a retest of the trend resistance each time sends the price to the indicated support - a strong signal for a breakout Moving averages act as resistance Support levels: 0.64990 Resistance levels: trend boundary, 0.65450 I expect a bounce from resistance, which will lead the price to another retest of support, which may help the price to breakout. Regards R. Linda!
Short
by RLinda
13
Ex of Fair Value Gap and Order BlockThis analysis is taking a Falling Wedge set up on SPY Futures mainly from the Daily timeframe. The recent trend in price in bearish and approaching an area of value for a trade. Awaiting confirmation of a reversal, ideally we would enter this trade. I am also publishing this idea to demonstrate for myself and others how price can interact with the Fair Value Gap areas and Order Block areas. Also don't hesitate to comment with your opinions on where my FVG and Order Block areas are! Thank you!
CME_MINI:ES1!Long
by EaszzzyE
Syta trend predictionSyta a Canadian cellular telecom company has had a lot of success in Saudi Arabia with their push to talk over cellular. Emergency Services Teams (Ambulance, Fire, Police, Security, etc) Love this! Syta reverse split 1-100, from 4 cents to 4 dolla last week and has been in accumulation phase since the split. The chart shows us a falling wedge pattern and a break out is near. Over the next few days we may break resistance @4.61 and @4.81 or maybe today! We were halted this morning , and when we came out of halt we opened @5.00 and fell a few cents and we are re testing the resistance at 4.61. Hopefully we can see price rise to the next resistance//support at 7.50 and 8.00 dolla! Very low float at 1.68 million and no dilution! so we may actually see alot higher price rise in a very short time. *not financial advice *beginner trader *learning as we go Thanks again :)
NASDAQ:SYTALong
by SpikeDumont
🥇GOLD - Can the market turn around? Or will it keep falling? Gold against the background of a bearish trend is forming a setup that could reverse the price direction. The bearish trend, with a small degree of probability can stop TA on the high timeframe: 1) Price forms a retest of 1902.87 after a month and a half. The price will not break the level from the first time, most likely a rebound may be formed 2) A sideways range may be formed when a rebound from support is formed. TA on the low timeframe: 1) A bearish channel is forming. 2) A descending wedge is formed against the background of the bearish channel. A retest of the figure support may push the price upwards 3) A retest of the figure's resistance may well break the local line and the price may form a surge to 1914 or 1930. Key support📉: 1902 Key resistance📈: downtrend line and 1914
OANDA:XAUUSD
by AndeWave
11
🥇GOLD - The price is getting ready to drop. False breakout Gold is testing trend resistance again, Price is forming a strong consolidation and there is a noticeable lull in the market, most likely before the storm TA on the high Timeframe: 1) Local support is forming at 1912, and consolidation near the level 2) There is still a potential for a decline to 1902. TA on the low timeframe: 1) Price is forming a bounce from trend resistance after a false breakdown 2) If the price can break the support of 1912, 1910 then it will head down to 1900. 3) The trend is bearish and I expect the price to decline in priority. Key resistance📈: 1915 Key support📉: 1912, 1910
OANDA:XAUUSDShort
by AndeWave
13
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