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Falling Wedge

Will ZIM Ship Up?Will ZIM Ship Up? ZIM has a falling wedge pattern on the daily timeframe! A cup was also identified inside of the falling wedge pattern. The stock looks prime for a move to the upside after we form a handle to the cup that formed just under the daily resistance line. I expect a handle to form in confluence with price rejection at the trendline. The daily chart as of 4 February 2023 shows that we have too many buyers at the line of resistance. Therefore, I expect a selloff (creation of the handle) and in turn less buyers (which is what we want) before the break of the line of resistance. After the line breaks, we will see more buyers step in to then push us up above the handle and line of resistance (daily trendline). However, it's understood that price could push through the line of resistance and hold above it. If it price holds above the line, then the stock will be inside of a gap that has not filled. ZIM has a gap between 23-25.42. The stock gapped down on 28 November 2022. ZIM closed at 22.85 on 3 February 2023. *This is not financial advice. Akili, MrALtrades00
NYSE:ZIMLong
by MrALtrades00
Shiba Inu - 191% extreme profit! (unbelievable) It's absolutely unbelievable for Shiba Inu coin because the technical analysis shows an extreme pump is likely in the immediate short term! If you like Shiba Inu, you must hit the like button right now to support the future of this coin! There is no doubt that Shiba Inu knows how to pump drastically, and what can happen to you is that you wake up in the morning and you will see a huge green dildo, so I think you want to fill your bags before it happens! From the technical perspective, we can see a descending parallel channel on the daily chart that is very close to a bullish breakout. Also inside this descending channel, we can see an ABC ZigZag corrective pattern. With this confluence, we are pretty confident about an explosion to the upside. 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 post trade setups privately. We have had a 92% correction from the all-time high. There was a massive bear market from 2021 to 2022. The bear market has been completed as an ABC zigzag pattern from the Elliott Wave perspective. What is the next strong resistance on the way up? 0.00002514 and 0.00003384 without a doubt. They are both strong resistances, where we can definitely experience some selling pressure. I am telling you that this is going to be massive, so make sure your bags are full with the Shiba Inu coin. You can buy on the spot or go long on futures with leverage. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
77
Bitcoin - 25% CRASH from this level! Be prepared. The bulls are incredibly strong! This may be the best January in Bitcoin's history. But the bears are waiting patiently to short bitcoin at the key level! The Resistance 1 level is strong because there is a POC of the previous structure, the start of the massive previous GAP, and a horizontal level from 2021. With this strong confluence, we can short bitcoin on the futures market for a potential 20%–25% profit. Like I have said many times, I am here for the bulls and bears. So this is clearly an analysis for the bears. 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 post trade setups privately. I am a professional trader with almost 6 years of experience in the crypto market. I can tell you that with this major resistance, we will see a pretty strong rejection! What I recommend you to do is to short Bitcoin between 28,750 - 30,100 . I will specify this level more precisely in one of my next analyses on lower time frames or privately! If we take a look at the volume profile, we can see there is no volume area. These areas tend to be filled, and at the end of the area, we should see a big rejection. We have only 4 strong resistance levels on the way up to the new all-time high. However, it may take some time to break it all down. Bitcoin started its new bullish cycle in November 2022. I expect another bearish cycle to start sometime in September 2025. I have predictions for years or even decades in advance! Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
64
How to understand the falling wedge and rising wedgeHello dear traders, Here are some educational chart patterns you must know in 2022 and 2025. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. What Is a Wedge? A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are rising or falling at differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Understanding the Wedge Pattern:- A wedge pattern can signal either bullish or bearish price reversals. In either case, this pattern holds three common characteristics: first, the converging trend lines; second, a pattern of declining volume as the price progresses through the pattern; third, a breakout from one of the trend lines. The two forms of the wedge pattern are a rising wedge (which signals a bearish reversal) and a falling wedge (which signals a bullish reversal). Falling Wedge pattern:- When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line. When the price breaks the upper trend line, the security is expected to reverse and trend higher. Traders identifying bullish reversal signals would want to look for trades that benefit from the security’s rise in price. Rising Wedge pattern:- This usually occurs when the security's price has been rising over time, but it can also occur in the midst of a downtrend. Trend lines drawn above and below a price chart pattern can converge to help a trader or analyst anticipate breakout reversals. While the price can break out of either trend line, the wedge pattern has a tendency to break out from the trend line in the opposite direction. Therefore, the ascending wedge pattern indicates a higher probability of further downside in the price after the breakdown of the lower trend line. Traders can enter bearish trades on the basis of a charted security after a breakout, either by selling the security short or by using derivatives such as futures or options. These trades will seek to profit from the possibility of a fall in prices. Trading Profits for the Wedge Pattern:- As a general rule, price pattern strategies for trading systems rarely produce returns that outperform buy-and-hold strategies over time, but some patterns nevertheless appear to be useful in predicting general price trends. Huh. Some studies suggest that a wedge pattern will break out toward reversal (a bullish breakout for falling wedges and a bearish breakout for rising wedges) more than two-thirds of the time, with a falling wedge being followed by a rising wedge. Is a more reliable indicator than the wedge. , Because wedge patterns converge in a smaller price channel, the distance between the price at the entry of the trade and the price for the stop loss is relatively smaller than at the beginning of the pattern. This means that the stop loss can be placed closer to the time the trade is initiated, and if the trade is successful, can result in a return greater than the amount of risk initially placed on the trade. Wedge a Continuation or a Reversal Pattern:- The wedge pattern signals a reversal. The reversal is either bearish or bullish, depending on where the trend line meets, what the trading volume is, and whether the wedge is falling or rising. Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you
COINBASE:BTCUSDEducation
by CryptoSanders9563
13
$RSR : Looking for an easy mid term 2X move.#RSR, one of the most undervalued coins didn't show a good move in the recent crypto market surge and it seems to be it is going to be its turn. Technicals: - Falling wedge formed. Price already broke the triangle. - RSI and MACD on favor of the bulls. - Guppy EMA showing a bullish sentiment short period EMAs crossing longer period ones. - Volume Decrease + Falling wedge formation = really bullish pattern. - For now it seems the 200EMA is the magnet towards the 38.2% fib resistance at around $0.0057. Before that it should close above the current resistance level of $0.0045 - Volume looking not bad but needs a more momentum. - Price formation looking good and strong for the past 4 to 5 week. - Correctional retracement and a pull back is expected in the middle before reaching all the targets. Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of neither #AbaNefsoBulls nor its subsidiary CTE community, rather it is authored and complied by its founder. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose. With Regards. Nathnael B.
Long
by cryptotalk_et
Link breaking above last potential top trendline of triangleIt’s still unclear whether or not link’s macro pattern is more valid as a falling wedge or a symmetrical triangle, however it seems now that we are finally closing daily candles above the last potential top trendline for that pattern. That trendline is most valid on the weekly chart so we still need to close the current weekly candle above the white trendline..after that we should see the follow up weekly candle confirm the white trendline as support on a retest ….if the follow up weekly candle closes above the white trendline odds are very good at that point the breakout will be validated…it may wait until the 3rd weekly candle to start the bullish impulse…or it could come as early as the current weekly candle…will have to see how the next few weekly candles play out. I chose to show this chart on the daily time frame instead of the weekly to illustrate how price action is also now back above both the 1 day 50 and 200 moving averages. If it can hold the daily 200ma as support during the next few weekly closes then the breakout will be confirmed. *not financial advice*
COINBASE:LINKUSD
by DrDovetail
Filecoin Short-term TargetsQuick post - Filecoin broke out of a falling wedge on the daily and is headed towards the 200 day EMA and wedge breakout TP 1 if it can get and hold above the EMA. Conditioned upon reaching the falling wedge breakout's TP 2 @ ~$10.70, which would take it above previous high of ~$9.75, that opens up the possibility for new targets for a double-bottom recovery. Get and hold above 9.75 and we have a confirmed double-bottom targeting $14.58 and then approx $17. Short-term chart here, but I've previously posted a much larger falling wedge breakout that happened quite some time ago but has been consolidating ever since. That possibility still exists should everything above occur and DXY doesn't turn back up shortening recoveries across markets. If conditions remain favorable, we could see a double-top on the HTF chart. See link to related idea below: This fell further than expected and has consolidated further than expected, but is still possible given the considerations mentioned above:
COINBASE:FILUSDLong
by dudebruhwhoa
5
Avax potentially breaking up from a falling wedgeIf price action can flip this green trendline to solid support the price could climb to the $28 target within the next month or 2. Fundamentally, one of the reasons for this pump is that Amazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche, to help scale blockchain adoption across enterprises, institutions and governments. “Looking forward, web3 and blockchain is inevitable,” Howard Wright, VP and global head of startups at AWS, said. “No one can call the time or date or quarter that it’s going to happen and it’ll be mainstream, but we’ve seen the cycles of growth before. The velocity of this one seems like it’s accelerating and we’re just excited to be a part of this.” The partnership intends to make it easier for individuals to launch and manage nodes on Avalanche while also aiming to give the network more strength and flexibility for developers. AWS will support Avalanche’s infrastructure and decentralized application (dApp) ecosystem, alongside one-click node deployments, through its marketplace. The affiliation will also include Ava Labs joining AWS Activate, a program that helps startups and early-stage entrepreneurs get started on its platform. All this should lead to sustaining bullish momentum for avalanche. *not financial advice*
BINANCE:AVAXUSDLong
by DrDovetail
2
FARM Wedge and W Pattern TargetsA ton of different alts making the same patterns. Smaller wedge breakout is headed towards the 200 day EMA (also halfway point towards TP 1) and then TP 1 and then 2. Smaller wedge reaches all its targets and remains above middle of W pattern, W pattern / double-bottom recovery begins and heads towards its TP 1 and 2 (with its halfway point to TP 1 equal to smaller wedge TP 2) Longer-term wedge success likely hinged upon all of the above succeeding, while DXY must not turn up quickly and strongly from where it is now (needs to continue moving down below 100, or hang out b/w 101-103 for a good while prior to moving up). Also be wary of Bitcoin Dominance, which looks bullish atm. If conditions are met, long-term target looks to be a slightly lower high double-top, for now. See related ideas in the links below, again many alts are making nearly identical recoveries along w/ Bitcoin.
COINBASE:FARMUSDLong
by dudebruhwhoa
3