Falling Wedge
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Let me update some ideas. As you see BTCD reached to the key weekly resistance zone 48.5-49% and rejected strongly with potential weekly shooting start or bearish pinbar.
At the same time daily BTCD broke down rising wedge with bearish divergence and more likely will retest 44-45K support zone giving room altcoins to explode after long term accumulation phase.
At the same time Total 2 broke weekly descending triangle, retested it successfully, and broke also main diagonal and horizontal resistance.
Weekly candle close above 620 billion is super bullish for altcoins with target 1 and target 2 mentioned on the charts. But Target 2 will be reached only if price clears target 1 and holds it as a support.
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Targets If btc validates the falling wedge breakout here.We can see a falling wedge on btcusd’s 1 day chart and a nice candle break above the top trendline of the wedge with good bullish volume surge confirmation to go with it greatly increasing the probability the breakout of this wedge will be confirmed. If so the full measured move target from the wedge would take price just ever so slightly above the pink neckline. If however this wedge is more valid as a pennant then the second higher target around 31490 will be 100% of the pattern’s measured move. Reaching the pennant target will greatly increase the probability of triggering a breakout of the inv h&s pattern represented here by the pink neckline. A close above both the 1 day 50ma (in orange) as well as the weekly 50ma (not shown here) would also be a very bullish development for bitcoin especially if it can maintain support on those MAs on the follow up daily candle. We have created a gap over the weekend in the CME futures but nothing says we have to absolutely fill that gap. Gap fills are always something to consider but never to expect as a certainty *not financial advice*
Bitcoin falling wedgeLooking for a big trade and structures have been hard to come by.
Bitcoin is in a falling wedge of sorts, with 2 top res draw points.
Drawn a few fibs for if it doesnt break previous low, fibs will be invalidated if so.
In this idea im looking for a play to the upside, ftx contagion is still around, in which case if this does break below - take a look at my previous idea on where bear markets always bottom as we will be close to that one level.
Gl and god bless
Radix (XRD) price increaseAfter a period of 299 days(!) it seems Radix (XRDBTC) is breaking the falling wedge. Let see if it can hold. I think it will come lower after a couple of days because it's overbought when you look at the RSI. Hopefully the resistance of the falling wedge will then be support for the next run. Also the volume is increasing so that's a good sign IMO.
Also take look at XRDUSD(T) to see a nice price development
Bitcoin into Bullish Channal Flag #Bitcoin 4hr #TA at #KuCoin
After two consecutive #Bullish #FallingWedge, at present CRYPTOCAP:BTC movements under Bullish #ChannalFlag with next step forward towards $32k- BER:33K soon..
May be Next Downtrend starts after that in May-June..
Let's see, What's next market mood..
FARM about to go nuts if Bitcoin holds upPie in the sky idea - a simple falling wedge on the weekly - 600-1750% or more gains possible if it works out.
Related chart linked below for its btc pairing.
$BLNK: Bullish Deep Gartley w/Quadruple MACD Bullish DivergenceBlink Charging is trading within a Falling Wedge and is at the PCZ of a Bullish Deep Gartley and a POC with 4 Levels of MACD Bullish Divergence. If it breaks out, I think it will see the top of the trading range, but I do think it could even see $150 if the $64 Resistance is broken.
EURAUD - Bearish Rising Wedge 📉Hello Traders!
On The Weekly Time Frame The EURAUD Price Reached a Major Key Level !
Currently, The Price formed a Rising Wedge Pattern 📈
The Support Line of the Pattern is Broken 🔥
So, I Expect a Bearish Move 📈
i'm Waiting for a Retest...
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TARGET: 1.59190
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FDN - falling wedge patternWhat we can see on the chart is a falling wedge pattern.
The price is still moving inside the pattern, once it breaks above the trendline it can be a good momentum to enter long.
Do not forget to put the stop loss under the wedge .
Possible target area is shown on the chart.
NZDJPY - Bullish Falling Wedge 📈
As We Talked in The Previous Analysis:
On The Weekly Time Frame The NZDJPY Price Reached a Major Key Level !
Currently, The Price formed a Falling Wedge Pattern 📈
The Resistance Line is Broken
So, I Expect a Bullish Move 📈
i'm Waiting for a Retest...
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TARGET: 83.630🎯
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Bull FlagSuku has formed a nice bull flag here after breaking out of its falling wedge.
Confluence: Golden cross on the 50/200 day MA (dotted), and has been sitting in between the 50 and 200 day EMA for 40 straight days now, and is one of few in the crypto market that has yet to break above its 200 day EMA.
Targets remain the same as on my previous post. We could even see 15 cent area near the 200 day SMMA since this has been dragging out so long. Previous posts are here and here:
Higher targets near 15.6, but awaiting channel break:
Original falling wedge post:
Long-term, but long-shot hopium chart:
USDJPY - BULLISH FALLING WEDGE 📈On The Daily Time Frame The USDJPY Price Reached a Major Key Level !
Currently, The Price formed a Falling Wedge Pattern 📈
The Resistance Line is Broken 🔥
So, I Expect a Bullish Move 📈
i'm Waiting for a Retest...
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TARGET 1: 132.420
TARGET 2: 134.140🎯
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GALAUSDT POSSIBLE LONG SETUPGALAUSDT is showing clear signs of a rise, for this reason im Bullish, in addition to the buying volume that has increased immensely in the last few days, we can see that it has broken out of the falling wedge and the SMA of 200 and the SMA of 20 on the daily timeframe, in addition to that it has made a bullish engulfing exactly at the bottom edge of the falling wedge.
I'll wait for confirmation and update this idea.
NZDJPY - Waiting For a Breakout 🔥On The Weekly Time Frame The NZDJPY Price Reached a Major Key Level !
Currently, The Price formed a Falling Wedge Pattern 📈
So, I Expect a Bullish Move 📈
i'm Waiting for a Breakout on The Resistance Trendline 🔥
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TARGET: 83.630🎯
________
if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
DYN - Falling WedgeOn the chart, we can se a falling wedge occurring.
The stock has held its strong support for a long period of time, and we are now expecting it to go to the upside after bullish consolidation.
MACD seems to make either a consolidating or bullish crossing.
Our first target is based on the forming, while the second target hits our resistance level.
Good luck!