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Falling Wedge

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
ARBUSDT is about To do a Bullish movement!🤑The ARBUSDT is in a Bullish phase by a Falling Wedge Pattern. -A BIG falling wedge indicates the potential for price to reach ATH. ⭐ Note if the Wedge Pattern is broken downwards with the strength of Bearish candles , 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.
Long
by CobraVanguard
6
Ring Falling Wedge, 200ma BeatRing has formed a falling wedge(FW) pattern as price trends above the 200ma for the first time since early 2021. Falling wedges tend to be bullish patterns as price tends to break up and out of them which price is attempting to do on this move up this morning. Having 200ma support for the first time in over two years is helping the bull case for a break up and out of the wedge. The short moving averages(MAs) are all rising and above the long MAs, with all MA's in proper bullish sequential order other than the 100 and 200ma's. The PPO indicator shows the green PPO line overlayed with the purple signal line. When the green PPO line is trending above the purple signal line the short-term momentum is considered bullish; when the green PPO line is below the purple signal line the short-term momentum is considered bearish. Both lines being above the 0 level indicates intermediate to long-term bullish momentum. Going forward we want to see the green PPO line hold at the purple signal line and turn back up as a signal that price has returned to short-term bullish momentum. The TDI indicator shows the green RSI line above the 50 level and recent action has the green RSI line trending between the 40-80 levels which indicates intermediate to long-term bullish price trend. Currently the green RSI line is attempting to rise back into the upper half of the white Bollinger Bands and above the horizontal 60 level which beating both would indicate short-term bullish trend in price. My entry on this trade is $40.46 with a stop-loss at $37.56. Short-term scalping on a successful break out of the falling wedge would put profit-taking near the $43 area based on a measured move of the falling wedge. Should price move above $43 with ease I'll likely keep holding the trade and raise my stop-loss on pullback and moves higher should price begin to create a series of higher highs and higher lows.
NYSE:RNGLong
by PrepForProfit
2
MRNA a medical Technology Stock LONG MRNA is a medical technology company. It is in the vaccine sector and competes ( well) with NVAX and PFE among others. Earnings are upcoming on 8/3 in about a week. On the 30 minute chart it appears to be in a descending wedge pattern which is typically a bottoming with a breakout over and beyond the descending trendline. The relative trend indicator shows the downtrend to be a slow grinding type trend with some minor corrections along the way. As might be expected the RS lines are low in the indicator's channel. I see this as a setup for a pre-earnings play with the expectation that MRNA could breakout above the resistance trend line and move toward the horizontal resistance of the triple top earlier in mid-July. I see medical stocks as a good alternative to technology stocks that may be overextended and stressed by the current financial chaos pressuring the markets. Another approach is a two call options targeting $ 125 expiring 8/11 and running the first until 100% profit or 8/2, the day before the expiration whichever comes first and letting the other run through earnings into the middle of the following week at 8/9. I always like to cut these short of expiration by a few days to diminish the effects of time decay.
NASDAQ:MRNA
by AwesomeAvani
2
ZENUSDT → Exiting a bearish trend. Growth potential by 15.00BINANCE:ZENUSDT is forming a prolonged bearish wedge. Numerous resistance retests are inconclusive except for the last one. Against the backdrop of falling bitcoin, ZEN is showing strength. The price after testing the bearish trend support consolidates and stops under the resistance at 9.66, forming an ascending triangle. Over the course of several weeks, price consolidates and continues to push up against resistance. At the moment of volume surge, the price moves from the accumulation phase to the phase of realizing the potential. A breakout of resistance and a bullish impulse is formed. A retest of the previously broken boundary or consolidation above 9.66 may be formed soon, which may give an opportunity to enter the market at a better price. It is also worth noting that the price is breaking the moving averages and this may indicate a trend change. Support levels: 9.66, the previously broken trend boundary Resistance levels: 11.4, 15.12 I expect the growth to continue after the breakout of 9.66. Medium-term outlook - strengthening to 15.12. Regards R. Linda!
Long
by RLinda
16
GOLD → False breakout 0.618. What should we prepare for? OANDA:XAUUSD on the daily timeframe shows an interesting situation, which can be confusing for those who set big targets for the price rally, which ended with a false break of resistance 1981.6 The price within two weeks is forming a strengthening , investors and whales were talking about big plans, but at the same time the dollar reversed to appreciation and this situation formed a false breakout of a key resistance level on the gold chart. Since at the moment the price is in the range of 1981 - 1935, most likely after the retest of resistance the price may go down to the support. Three bearish candles are formed, each new candle closing below the previous one. The chart gives us a strong bearish wave. In the coming week a lot of strong news is published and the market may be quite shaky. It is worth paying attention to: FOMC Statement Fed Interest Rate Decision FOMC Press Conference ECB Interest Rate Decision (eur) GDP Initial Jobless Claims Core PCE These speeches and press releases can give a medium-term view of the market behavior. The price tested 0.618 fibo and the market did not allow gold to pass this area. Consolidation is formed in the red zone, this fact can be interpreted as a readiness of the market to decline. Regards R. Linda!
OANDA:XAUUSD
by RLinda
22
ALGOUSDT → Bottom retest. False breakdown before the impulse BINANCE:ALGOUSDT is testing the bottom at 0.0958 in a false breakout format, which could trigger a rather strong rebound as it took more than 3 years for the second retest. Such long retests form a voluminous pool of liquidity that can hold the onslaught. Price is forming a bearish wedge within the downtrend and after a bottom false breakout , price recovers and breaks resistance. The key support level at the moment is 0.1070. Consolidation above the level is forming, forming an entry point. On the background of altcoin market revival, our coin may show good potential in the near and medium term. Support levels: 0.1070, 0.0958 Resistance levels: 0.1225, 0.139 I expect consolidation above the above support with further upward impulse. medium-term target is 0.1607 and 0.2376. Regards R. Linda!
Long
by RLinda
14
NZDCHF → Activity of dynamic sellers forms a triangle FX:NZDCHF is forming a multi-month descending triangle. Globally, the currency pair is under downtrend pressure. What's going on? Buyers are forming the limit zone at 0.5444, sellers continue to press this area since the end of April, thus a descending triangle is formed on the chart, which speaks for itself. False breakdown of the support does not give the result and we see an attempt of another retest of the support level. Formation of the subsequent test or pre-breakdown consolidation will form the momentum that can break the mentioned support and form a bearish impulse towards 0.5350. But, if the buyers hold the zone, the price will head upwards. A breakout and consolidation of the price above 0.5496 will be a buy signal. Support levels: 0.5444 Resistance levels: 0.5496 I expect the support breakout based on the technical feature of the currency pair at the moment. Medium-term target is the support at 0.5350. Regards R. Linda!
Short
by RLinda
16
GALAUSDT - The price is coming out of the old rangeBINANCE:GALAUSDT goes beyond the resistance of the global descending channel that has been forming for a year. Now the price is forming a wedge. What to expect next? A break of the channel resistance forms a new channel, but at the same time the price is squeezed by the current range boundaries in the wedge format. In the near future, we should expect a retest of resistance followed by a breakout. The altcoin market is starting to revive and a GALA breakout of this area may give us a good potential. There may not be a strong reaction at the moment, as bitcoin is in the correction phase, but the prerequisites are clear on the chart. Support levels: previously broken boundary, 0.02310, 0.1783. Resistance levels: 0.02694 I expect consolidation followed by a breakout of 0.02694 and then a retest of the wedge resistance. The extreme movement may give a signal. Regards R. Linda!
Long
by RLinda
16
🥇GOLD - Forming a breakout pattern and growth continuationGold amid a rally halt after a breakout of the global downtrend forms a pattern of breakout and continued upside. TA on the high timeframe: 1) After the breakout and trend change, the price stops and forms consolidation. The absence of a fall will be regarded as the readiness of the market to continue growth 2) Consolidation is formed near 1960 TA on the low timeframe: 1) against the background of stopping the rally, the price forms a flag 2) The bullish pattern will start its realization after the price breaks the resistance of the figures. In this case the instrument will get a new potential 3) The important zone for us is 1959-1963. The price going beyond it can form an impulse of 1% and reach the area of 1980 Key support📉: 1953 Key resistance📈: 1959, 1963
OANDA:XAUUSDLong
by AndeWave
25
XRP - Another 83% - 350% pump is very likely! (must see) Another 83% pump to 1.3244 from the current price in the next few days or weeks is more than likely! Why 1.3244? It is the next strong resistance because we have there the 0.618 Fibonacci retracement from the previous major wave. Also, there is a trendline from 2018 -> 2021, which is dynamic resistance, but it's near the specified FIB level! XRP looks very strong because bulls were able to break a falling wedge pattern and an ascending triangle pattern on the weekly chart! Together with the recent bullish news, the XRP coin surged after a judge delivered a huge win to Ripple in the SEC case. If the bulls are able to break the 1.3244 level, then the next resistance I see is the previous all-time high from 2018, which is at 3.2834. But make sure to sell your XRP here, because it's probably not going to break on the first touch. And a 50% or 70% crash from this level is very possible! The market cap of XRP is $38,028,893,068 compared to ETH $232,527,075,117 and BTC $589,643,779,223. The market cap of XRP is pretty big already, so there is not too much room for some crazy 100x profit. Make sure you understand it if you are a hodler and expecting moon gains. 350% to reach the previous all-time high is definitely possible in the medium term. What do you think about XRP? Let me know in the comment section right now! 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. XRP pumped from 0.49 to 0.92 and made a 100% profit in a single day. It was rejected by the 0.618 LOG FIB and the middle of the previous triangle from 2021. Now the price is around 0.72, which is a pretty good pullback to buy XRP. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
62
DOGEUSDT → Consolidation moves into the distribution phase BINANCE:DOGEUSDT is forming a consolidation in the format of a wedge. Within the consolidation, the price makes a false breakdown of support and thus feels the bottom of the market. The price is forming a rather long descending wedge. The pattern is a bullish possibility to turn the market. After a false breakdown of the support, consolidation is formed above 0.0705, which successfully breaks the resistance of the wedge. The phase of consolidation on the market is smoothly passing into the phase of distribution (realization of accumulated potential) The main task of the bulls is to hold the support area at 0.0705 by all means. If the position is successful, the price will go up. The medium-term potential in our case is the resistance at 0.09460. Support levels: 0.0705, 0.0639 Resistance levels: MA200, 0.0817, 0.0946 I expect consolidation above this support with the subsequent formation of a medium-term impulse towards our targets. Regards R. Linda!
Long
by RLinda
31
GOLD → Resistance breakout is directed towards a trend changeOANDA:XAUUSD is finally confirming a trend change. The price passes through a key liquidity area and forms a strong momentum. What's happening? Pay attention to the D1 chart below. The price is breaking the trend resistance. A rather interesting picture is developing in which gold is gaining upside potential towards 2000. The price is testing the resistance at 1959. Probably, the price can form a correction to the previously broken boundary and the chance for this is quite high. But with a strong consolidation of the price above the level of 1959, a bullish impulse to 1970 or even to 1981 will be formed. The Fed is talking about rate hikes and aggressive policy, but at the same time inflation is showing a green signal and is starting to weaken from 4% to 3%. Investors and analysts are not expecting a long-term complication of the situation, the dollar is likely to continue to weaken. The moving averages show a strong support area. There is strong resistance at 1967 ahead. It is worth paying attention to it. Resistance levels: 1959, 1970, 1981 Support levels: 1955, 1945, previously broken channel boundary. I expect consolidation relative to 1959. The market needs to decide on the potential. A correction is possible from the level, but if the bulls hold the area of the key level, the growth will continue. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
25
MASKUSDT → Tandem signal: resistance breakout and SMA crossing BINANCE:MASKUSDT is forming a correction in the format of a descending wedge. A rather strong consolidation is forming at the base of the uptrend under the resistance of the wedge. What to expect from the price? The coin breaks through the formed descending resistance and begins to form a bullish impulse. Since the bullish signal is formed at the base of the trend, the price demonstrates a rather weighty potential of 70-120% We have a tandem signal: moving averages crossover + wedge resistance breakout. Altcoins have recently improved dynamics and are starting to show good results, which suggests that the cryptocurrency market may come to life in the medium term. Support levels: 3,335, trend support, previously broken wedge boundary Resistance levels: 3,650 I expect a retest of the 3.650 level followed by a breakout. The buy signal is quite strong and there is a high probability that the coin will show bullish dynamics and rise to 4.840 or 6.00. Regards, R. Linda!
Long
by RLinda
10