GMBL Falling Wedge Update 3There's still a lot of volume activity. I am actually 35% confident on this trade because it seems like a lot of people want to get out ASAP. Meaning, GMBL will pull back fast and hard. There's a reason for that. Hint: Whats happening in end of March for GMBL?
Falling Wedge
EOSC - falling wedgeOut of space soon. It had a nice pump so attention is there.
Details on the chart
Good luck traders
$COTI - STRONGZZZ BreakoutHello my Fellow TraderZ,
$COTI - has been creating FALLING WEDGE on the 4HTF and no it has smacked it to the Upwards.
Indicators on 4H seems boiling up which needs to be cooled down. So I'm expecting a retracement to $0.945. Price will eventually move towards $0.1250 or way higher to $0.145-0.172.
Breakout is strong with good amount of Volume. So I think this breakout is trustable.
CHEERS!!!
$APT - may BOOM soonHello my Fellow TraderZ,
It seems $APT getting ready for another leg up soon.
It has already broken out of the FALLING WEDGE pattern and going to retest. If the price crosses $14.6 mark - LONG it else the Long setup is invalidated.
Keep this in your radar as it may pump with the blink of an eye once it breaks the Resistance and could bless us with ~25% Gains.
CHEERS!!!
BTC QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. After the CPI data, BTC quickly pumps above the $22k zone from the important support level of $21.5k level. So what's next?
BTC is forming a falling wedge-like structure in 4hr time frame which is generally a bullish pattern. Currently, it is trading near the upper trendline of the wedge. We need to break and close above this wedge for a bullish breakout. Once it breaks above the wedge we can expect more pump up to $24k from here.
In case of rejection, we might see another retest of the $21.5k level and expect a pump from there.
So the plan is really simple here. Either wait for a breakout or wait for some dip up to the $21.5k level.
Invalidation of this bullish scenario if we get a 4hr close below the $21.3k level.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Algo with perfect retest of green channel tl as supportPerfect support retest of the bottom trendline of the green horizontals channel. In reaching there price also broke above the purple falling wedge…we can also see now that price is testing the turquoise neckline of an inverse head and shoulders as well. I have put the inverse head and shoulder target and the falling wedge targets on the chart for now. Will add the channel breakout target if/when we get closer to its top trendline. *not financial advice*
ATOMUSDT - OversoldIn this market I wish I had more money to invest ( "you need money to make money " ). Anyways...
Observe the above 5D chart (USDT pair). Consider the following:
1) Price has declined nearly 87% from its all-time high
2) Falling wedge pattern on RSI
3) Price sitting at previous resistance/support (no indicator this level will act as support now though)
4) For a consecutive 50 days (80 if we ignore the green doji candle printed on 16 April) ATOM has been depreciating
5) RSI at heavily oversold levels
2D BTC pair below satisfying the same above points
Timeframe: Not sure
Return (initial) : 0.5x - 2x
Leverage: Most I would use here is 2x.
PS : Not sure why but the 2D BTC pair is extremely strong. Not financial advice!
Sunday analysis - S&P 500 falling wedge As we can see the falling wedge pattern has been playing out over the course of a year. We have now broken the wedge pattern and the trendline and now retesting the previous lower high. Could the S&P now see a new high this year or is this a false breakout or a market trap? I will be keeping an eye on this pattern in the next weeks to see how this plays out.
WOOUSDT wants the supply zone?WOOUSDT has seen substantial growth in recent times, as indicated by a return of more than 79% since my previous idea.
The market for this asset recently broke out of a falling wedge pattern, with support noted at 0.18.
The price has since retested the 0.5 Fibonacci level, allowing it to acquire new liquidity.
The next target for this asset is expected to be the supply zone at 0.24 dollars, so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
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
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"!
IIG | Elliott Wave Analysis | Falling Wedge Breakout Target +22%Price action and chart pattern trading setup:
> A minor wave 2 correction ended with a falling wedge breakout with a potential target +22%.
> The current price is trading between SMA200 and SMA50 - a possible pullback entry at SMA50 and 20 golden cross price position.
> Stop @ the lowest inverted head & shoulders -7%
> Risk reward ratio: 3:1
Always trade with affordable risk and respect your stoploss.
Good Luck