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Falling Wedge

Adam/Eve Reversal Formation at Falling Wedge BreakoutYFI has both broken out of its falling wedge, and formed an Adam & Eve reversal pattern at the end of that breakout, neckline already has a breakout. Before heading to targets for either (targets on the chart): - I'm expecting it to push just above the 200 day EMA, potentially near the halfway point to its falling wedge TP 1, or around 8800-9k It will likely consolidate around the 200 EMA for a bit before moving on to higher targets, or failing to get above it and re-testing either top of wedge break or Adam/Eve neckline again. Adam/Eve pattern could also be considered a cup & handle - targets would be the same in either case. SUMMARY - if we can eventually get and hold above the 200 EMA, short-term targets are the Adam/Eve TP 1 and 2, and longer-term targets are the falling wedge TP 1 and 2. - meanwhile, look for a move above the 200 EMA to 8800-9k, followed by consolidation around the 200 EMA.
BINANCE:YFIUSDLong
by dudebruhwhoa
5
Expanded Flat Correction lines up with Various Pattern TargetsHere's a more bullish chart for Bitcoin, should the expanded flat correction play out and take us to a new ATH: *** This idea requires DXY to turn back and continue its downtrend, a resumed uptrend would likely negate this *** Expanded Flat stopped just below the 1.618 on the trend-based fib measurement (logarithmic), first stop after crossing ATH and 100% would be ~87500 at the -0.382 fib, then ~105k at -0.618, ~144k at the ~100%, and potentially even ~237k at the -1.618 All of the above (expanded flat fib extension) lines up with several common pattern targets and the fib retracement from our previous March 2020 low to our last ATH: 1.) 2018-20 Triangle - has a measured 1x TP 1 at 81k, very near the 87.5k target mentioned above. Then a 1.5x TP 2 at 241k, which very nearly matches the 1.414 fib retracement @ 225k and the expanded flat's trend-based -1.618 fib extension at 237k. 2.) Present Weekly Falling Wedge - has a measured 1.5x TP 2 at 87k, matching the expanded flat target at -0.382. The 2x measured target is at ~141k, less than 3k under the -100% trend-based fib ext from the expanded flat. 3.) The entire idea above fits perfectly into a logarithmic parallel channel uptrend. I've drawn a couple of suggested paths here within the channel, one not reaching channel top and the other reaching top, both then heading to channel bottom. If the move stays within the channel through 2025-2026, it could reach 323k.
BNC:BLXLong
by dudebruhwhoa
1
XAU/USD (GOLD) BULLISH OUTLOOKOANDA:XAUUSD HI , TRADER'S , GOLD IS TRADING WITHIN FALLING WEDGE PATTERN Falling wedge is bearish reversal pattern means price can reverse and go up From last 3 week's Gold is bearish pressure , RSI AND STOCH NEAR OVERSOLD AREA It indicate's that reversal in very near , 2 scenario's mentioned if GOLD breakout upper wedge now than it can go upto 1832 area if gold fall from current resistance than one more leg down to 1801 area and than back up again Plan to buy dip's ❤️ Please, support my work with follow ,share and like, thank you !❤️
OANDA:XAUUSDLong
by INVESTRONE
DODOUSDT wants to go higher?DODOUSDT has recently experienced a massive breakout from a falling wedge pattern. The falling wedge is a technical chart pattern that occurs when the price of an asset is in a downtrend and begins to consolidate within a narrowing range, forming a wedge shape. This pattern typically signals that a bullish reversal is imminent, as the price is likely to break out from the wedge pattern and continue higher. In the case of DODOUSDT, the price broke out from the falling wedge pattern in the $0.1 area and experienced a massive bullish impulse. This breakout was likely driven by increased demand for it, as well as positive news or developments within the DODO ecosystem. However, in order for the price to continue its upward trend, it will need to create a new breakout from the daily resistance level. This may require a period of consolidation or even a retracement, as traders take profits and reassess their positions. According to Plancton's rules, this could present a buying opportunity for long-term investors who believe in the potential of DODO USDT. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
4
XLMUSD: Falling Wedge Sitting Above Support/Resistance ZoneXLM has showing Bullish Divergence within this Falling Wedge at the very important Support/Resistance zone at around 9 cents and looks to be ready to brakout soon. If it does Breakout i think it will start an AB=CD move that would take it to the 1.618 at $3.10 but the measured move of the wedge alone would take it to the much more conservative 0.886 target up at $0.35 this will likely move whenever XRP decides to move.
Long
by RizeSenpai
Falling Wedge Targets Could Trigger Failed HS Targeting 7500Ethereum broke out of a falling wedge and is showing a golden cross on the 50/200 day MA (dotted), and approaching the same on the 50/200 EMA. Its falling wedge TP 1 lies right around the neckline of a Head and Shoulders pattern that we fell below during Spring of 2022, as well as the right shoulder. Falling wedge TP 2 lies just near previous ATH. Get above right shoulder to trigger failed HS, get above ATH to head to 6180 and ultimately 7500. Note - a successful HS would take Eth back to 0 on its first measured target, so which is more likely - 0 or 7500 following the swap to proof of stake?
COINBASE:ETHUSDLong
by dudebruhwhoa
Intrigued by BCH HereFinding myself intrigued by Bitcoin Cash. We recently hit bottom a 2nd time and have thus far begun moving up, breaking out of a small falling wedge (on the non-log daily chart, the logarithmic weekly chart is what is pictured above, but it still has the wedge and targets from the daily non-log chart). Why am I intrigued, outside of a potential double bottom? Bitcoin Cash was a fork of the original Bitcoin code, meaning original adopters and/or owners of Bitcoin at the time received an equivalent amount of Bitcoin Cash. Many of them were made wealthy from Bitcoin. It would seem to me, if I were in their position - I would have a vested interest in seeing Bitcoin Cash make a comeback, if even just briefly enough to make some returns on an essentially free investment. On the chart - interim daily falling wedge targets, boith still under $200. For weekly / long-term - get through and hold above the first red resistance area to make it to the next one above it - that happens, the double-bottom comes into play.
COINBASE:BCHUSDLong
by dudebruhwhoa
6
If loopring validates breakout from its weekly wedge trgt= .55 Here on the weekly we can see price action has overcome the weekly 200ma(in blue) and is about to test the resistance of the weekly 50ma (in orange) it will need to overcome the 50ma to reach the full breakout target, so I’ll be keeping a close eye on how it interacts with the moving average. Most importantly is that it closes the weekly above the wedge as well as the follow up weekly candle. *not financial advice*
COINBASE:LRCUSD
by DrDovetail
2