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Falling Wedge

USDCAD → The currency pair is preparing to decline. Target 1.360FX:USDCAD for the last few days does not show any preconditions for a pullback or growth, forming a pre-breakdown consolidation relative to 1.372. The fall of the dollar can provoke a breakdown.... Technically, the price is returning to the range of 1.3755 - 1.3600. The bears are holding resistance, forming a descending triangle under the upper boundary of the range, which is generally a prerequisite for a fall. The only possible target in such a case could be the range support. According to the survey conducted by BofA among investors, more and more traders are betting on the decline of the dollar. The general policy of the Fed is also putting pressure on the index. The currencies may go into a strengthening phase.... Resistance levels: 1.3755, 1.3787 Support levels: 1.372, 1.3655 Technically, the currency pair is forming a local downtrend, and the intermediate patterns play the role of triggers for the continuation of the movement. Accordingly, I continue to expect that the currency pair may decline to 1.36 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCAD ;) Regards R. Linda!
Short
by RLinda
8
GOLD → Retest triangle resistance. Next, 2500 or 2400?FX:XAUUSD is strengthening after retesting support at 2440 and false breakdown, heading towards ATH. Buyers are keeping the market from falling, forcing the price to bounce off the local range support. It is worth emphasizing the strong bullish trend and continued retests of triangle resistance, which only increases the chance of a breakout and upside. The gold price has been strengthening since the evening session, despite strong US data (for Thursday) being the latest boost to dollar buying, especially after an inflation report earlier this week that cast doubt on the possibility of an aggressive Fed interest rate cut in September. Special emphasis on looming geopolitical tensions in the Middle East, which continues to support sentiment around the hedge asset Resistance levels: 2464, 2477 Support levels: 2458, 2450, 2440 Emphasis on both the boundaries of the above range and internal levels. If the bulls hold 2458, their further target will be the resistance 2464, the breakdown of which will lead gold to ATH. And in this case the market will start testing 2477 for a breakthrough and growth. If the bulls show weakness, the market may make another attempt to retest the support before further growth. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
NOTCoin → Pullback after a false breakdown. When is it going up?BINANCE:NOTUSDT on the background of the rally ( together with TON ) strengthens and updates the maximum 0.0129, thus forming a retest of the wedge resistance. The attempt is unsuccessful, the reaction is a pullback to the liquidity zone. Fundamentally interesting project in the medium and long term can still show good growth, but for this developers need to try. The prospects of Notcoin will depend on the innovations developed by the project, its marketing strategy and the state of the overall cryptocurrency market. Technically, a false breakdown of the wedge resistance is forming amid bitcoin's decline. The price may test the liquidity area of 0.0105 and then a retest of the resistance may follow. I do not exclude the fact that the support may be broken without any corresponding reaction, in this case we will wait for a retest of trend support. Resistance levels: 0.1294 Support levels: 0.01053, 0.00912 Accordingly, any breakout and consolidation of the price above the wedge resistance will be a strong signal for further rally. As long as the price has not left the range, it is worth considering trading inside this pattern. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:NOTUSDT ;) Regards R. Linda!
Long
by RLinda
10
BITCOIN → Why didn't we go above 70K? The reason for the drop...BINANCE:BTCUSD has been in consolidation for 5 months. The price makes another retest of the 70K resistance, but due to several reasons failed to pass this area. A correction inside the FLAG is forming From 70K resistance another correction to 64K has started. The reason for this is strong bullish sentiment after the US allowed bitcoin as a reserve asset. There is also a lot of attention to BTC because of the presidential race. Accordingly, the Market Maker eliminates the positive crowd (the price always goes against the crowd). And whales start buying the asset at cheaper prices. On Friday, the NFP report and unemployment (up 4.0% to 4.3%) influenced the price drop. Rising unemployment + rising inflation had a negative impact on the markets. It is too early to buy, we should wait for the slowdown of the movement and stronger data. Resistance levels: MA-50, 63250, 68570 Support levels: MA-200, 59300, 56500 Technically, the price is testing MA-200 and is squeezed above MA-50. If MA-200 fails to hold the price, bitcoin may go down to the lower boundary of the FLAG before a buyer can take over the situation. BUT, if the bulls hold MA-200 as support and manage to consolidate above 63300, a rise may be waiting. Overall, the fundamental background is very positive, but local economic data has a negative impact on the markets. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
134
JASMY has formed a Pretty Big falling wedge Pattern!...JASMY is forming a falling wedge on 4H timeframe , Up we go if we do breakout. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3
EURUSD → Attempting to change the global trend.... FX:EURUSD after the retest of the trend resistance is forming a correction, which is correlated with the growth of the dollar index. By the nature of the movement, the currency pair is in the bull market phase.... False breakdown of the symmetrical triangle resistance. The fundamental background for the currency pair is relatively positive. The dollar will continue its decline in the future, which is favorable for the euro. In this case, after the end of the correction, it is possible to retest the resistance with the aim of breaking through and further change of the global trend from neutral to bullish. Technically, the focus is on 1.0916 and 1.095. Breakout and price consolidation above this zone will be the beginning of further bullrun. Support levels: 0.5 fibo, 1.087, 0.7 fibo, 0.79 fibo. Resistance levels: 1.0916, 1. 095 Both technically and fundamentally, we have positive preconditions for the growth continuation. The correction may take a little longer, but it is worth paying attention to the key zones indicated on the chart. Rate, share your opinion and questions, let's discuss what's going on with ★ EURUSD ;) Regards R. Linda!
Long
by RLinda
3
Hamster has formed a Pretty Big falling wedge Pattern!...MEXC:HAMUSDT Hamster is forming a falling wedge on daily timeframe , Up we go if we do breakout. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
AVAX - Daily Chart Analysis - A Short Term Opportunity#AVAX/USDT #Analysis Description --------------------------------------------------------------- + AVAX has formed a nice falling wedge pattern and also the price has hit the major support zone. + A clear breakout from the falling wedge is required for a confirmed bullish trend. + We will enter the long trend only after the confirmed breakout from the falling wedge. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 23.86 Stop Loss: 16.86 ------------------------------ Target 1: 29.92 Target 2: 35.25 Target 3: 43.69 Target 4: 62.57 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
AVAX - TRADING AT KEY SUPPORT LEVEL#AVAX/USDT #Analysis Description --------------------------------------------------------------- + AVAX is currently trading at a key support level, and holding this level is crucial for maintaining further bullish momentum. + A falling wedge formation is also visible, and a breakout from this pattern could drive the price higher. + A clear reversal from the support zone is needed to confirm the bullish trend. We can enter a long trade at the current price, with a stop-loss set below the support zone and a target at the local resistance. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 20.88 Stop Loss: 15.93 ------------------------------ Target 1: 28.10 Target 2: 37.44 Target 3: 48.62 Target 4: 62.34 Target 5: 87.40 Target 6: 99.28 Target 7: 133.97 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
SOLANA → Correction to the liquidity zone before the rally ↑BINANCE:SOLUSDT enjoys high interest from both a fundamental and technical perspective. Bulls overcome key resistance, but the coin follows bitcoin and there are nuances.... Solana's growth is likely to continue because it is well positioned to capture the next wave of cryptocurrency adoption. Likewise, the coin is also strengthening as the third major crypto asset after Bitcoin and Ethereum. Investors evaluate such positive factors as: high activity amid the BTC correction, more meme coins (weird, but okay), growth in overall capitalization and DEX volumes on the network, and low commissions. This whole conglomerate suggests that Solana could be the next crypto-ETF to launch. Technically, we should pay attention to the nuance between Mt.Gox and BTC, accordingly, the market may slip to support until the situation stabilizes before further growth, which can be influenced by ETH-ETF. Resistance levels: 162.45 Support levels: 140.0 133.8, 122.3 The market may let the correction continue due to Mt.Gox, which activated BTC transfers after a test transaction today. And since SOL actively follows BTC, the moves could be correlated. The bullish trend will continue after the situation stabilizes. Rate, share your opinion and questions, let's discuss what's going on with SOL ;) Regards R. Linda!
Long
by RLinda
10
WING head and shoulders NASDAQ:WING WING has recently broken out of a previous upward channel following positive earnings and raised guidance. This pattern resembles a head and shoulders formation, and a neckline break could at least trigger a retest of the 200-day MA. Key Developments: Uptrend channel breached. Retested bottom of previous channel, failed to break through. Dropped below 100-day MA, subsequently retested and failed to hold above. Expected Outcomes: Bullish Scenario: WING breaks above the upper boundary of the current falling wedge, coinciding with the 100-day MA resistance. In this case, I would exit the position. Bearish Scenario: WING fails to surpass the upper wedge boundary and retests the lower boundary, aligning with previous support and the potential 200-day MA. A subsequent lower high would confirm the head and shoulders pattern, targeting a price of $270-285. Economic Considerations: While declining interest rates are anticipated due to recession fears, this could negatively impact consumer spending, including dining out. WING's franchise-heavy business model may be affected by franchisees delaying store openings in anticipation of lower interest rates and improved economic conditions.
NASDAQ:WINGShort
by Average_Joe_Options
(Update) !!! Daily Chart Analysis : Bull or Bear ? (READ)BINANCE:NOTUSDT The reasons I mentioned in the analysis before, the price increased after the wedge broke, and after the price correction wave, can reach the next targets. Previous Analysis ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard
1
(Update) !!! Daily Chart Analysis : Bull or Bear ? (READ)BINANCE:ADAUSDT The price is at the bottom of the megaphone and at the same time it is in an ascending wedge, and after the wedge is broken, the price can grow well. Also, divergence in MACD makes this signal stronger. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
XRP → The court case is complete. Triangle Resistance Retest...↑BINANCE:XRPUSD is forming a rally from the intermediate bottom area. The reason for this is the end of the litigation between Ripple and SEC. The market has been laying a positive outcome for the past few weeks.... The SEC was demanding $2 billion dollars, but the court reduced their demand by 94%, admitting they lost! This is a positive outcome for Ripple, the industry. Ripple is only fined $125 million instead of $2 billion. The rumors have been around for a while, but the market reacted quite positively, giving an initial boost of 27% Technically, at the moment, all eyes are on the range 0.6378, 0.5663. Emphasis on the resistance breakout. If the bulls can overcome this boundary, it will be a confirmation of the price exit from the global descending triangle, which may affect the formation of a bullish trend, the promising targets of which may be 0.900, 1.300. Resistance levels: 0.6378, 0.7440 Support levels: 0.5663, MA-50 Fundamentally and technically, everything is unfolding with favorable winds for the bulls. It opens the way to the north, but before that, the bulls need to try to overcome the strong resistance. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSD ;) Regards R. Linda!
Long
by RLinda
4
$KAI may deliver 12,000% with a multiyear wedgeThis is a oriental, non-stop building project The price is inside a multiyear gigantic wedge with another multimonth wedge inside (see the colorful Gann Fan) The first target is the height of the first Gann Fan wedge, on 0.0065 delivering 165% from now If you want to diminish risks, you may wait for the transformation of the ceiling of the wedge into a support (upper continuous blue line) Other targets are: (1) the low Bean Band delivering +900%; (2) multiyear wedge target delivering +5,500% and finally the (3) high Beam Band delivering staggering 12,000% on the long run All targets are painted with a dashed purple line
KLong
by CCCLopes
1
(Update) !!!Hi. 🔵We have a Bullish Structure here NOTUSDT formed a falling wedge on 1D timeframe🤔 Up we go if we do breakout . The price is at the bottom of the channel and also in the wedge, these pressures will eventually make the price rise. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
6
EURUSD → Consolidation before distribution. Target 1.100FX:EURUSD is forming a wedge, the nature of the pattern is consolidation. FOMC & FED meeting is ahead. The main issue is inflation and interest rate cuts. What should we expect? 100% probability that today the rate will remain unchanged, but Powell at the meeting may signal a Fed rate cut in the coming months amid slowing labor market growth. Eurozone consumer inflation fell from +0.2 to 0% (expected -0.3%) and core CPI rose by 0.1 to +2.9%, suggesting a generally improving environment for a stronger EUR. Technically, the bulls are trying to hold the area of 1.08. A descending wedge is forming on the chart, another retest, if the fundamental background persists, may lead to a break of resistance. In this case, the market may move into the distribution phase, within which it is able to update the local maximum. Resistance levels: 1.0852 Support levels: 1.08 Traders are in no hurry to act prematurely and will wait for the Fed and FOMC meeting. Technically everything is favorable to start the growth. Potential target is 1.100 Rate, share your opinion and questions, let's discuss what's going on with ★EURUSD ;) Regards R. Linda!
Long
by RLinda
6
THETA/USDT is going to increase even more!THETA TOKEN / TETHERUS As you can see THETA/USDT is in a Falling Wedge but the break out has not happened yet but there are bullish divergences on both MACD and RSI indicators that shows us the expected bullish movement is more likely to happen but as you can see the MACD line is under the signal Line of MACD indicator so we can expect a little bit of correction before the bullish movement happens. the expected bullish movement is as much as the 2.3$!! ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
BCCCOIN: 3X-5X POTENTIAL COIN!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! BCCCoin looks good here. Forming a falling wedge-like structure in 8hr time frame and currently, consolidating near the lower trendline of the wedge. Once it breaks out from the wedge expect a 3x-4x rally. Accumulate in the green box. About BCC: BlackCardCoin is an emerging cryptocurrency project focused on providing secure and fast transactions with a unique consensus mechanism. Their goal is to become a prominent player in the digital payment space. Entry range:- $0.9-$1.2 Targets:- $1.9/$3.2/$5.8/$7.4/$11.2 SL:- Daily close below $0.8 What are your thoughts on BCCCoin's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
GOLD → Ahead is 2430 and strong news. Going up to 2500?FX:XAUUSD overcomes trend resistance, forming a bullrun to the liquidity zone amid positive rumors. The price is testing 2430. Possible correction before the news. Today is a busy news day, high volatility is possible. Ahead of ADP Nonfarm, Chicago PMI and the most important last: Fed Interest Rate Decision and FOMC conference. Nobody is going to cut the rate today, but Powell may give a signal about interest rate reduction in the coming months on the background of slowing labor market growth. Traders evaluated the possible potential positively enough and rushed through 2390 to 2430. Technically, a retest of resistance is formed after quite a long time, liquidity may not let the price up the first time, respectively, a correction is possible before further growth. Resistance levels: 2429, 2452, 2474. Support levels: 2404, 2400 The fundamental and technical background is favorable, if something unpredictable does not happen today, gold may continue its recovery phase. But, pay attention to the news, as they will be published in a cascade and the temporary mood of the market may be volatile.... Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
GBPJPY → Ahead of a rate hike in Japan...FX:GBPJPY intends to continue the current bearish rally. The price temporarily stops at the 197.00 zone for a short respite before falling further. The market is expecting an interest rate hike in Japan... Price breaks the bullish market structure and then confirms the bearish one, indicating a change in the global trend. Volatility is rising in Japanese markets, with the Bank of Japan expected to discuss a rate hike this week and consider a plan to halve government bond purchases. This is a strong scenario for the strengthening of the national currency, traders are reducing the number of short positions this time. Technically, the focus is on the level of 197.2, this zone splits the market into two zones. Accordingly, price consolidation below this level will be the starting point before the rally. Support levels: 195.8, 193.8, 191.8 Resistance levels: 197.2, 198.75 Both fundamentally and technically everything is steamed towards further decline. The actions of the Central Bank of Japan affect the rate quite strongly... Rate, share your opinion and questions, let's discuss what's going on with ★GBPJPY ;) Regards R. Linda!
Short
by RLinda
5
Bitcoin is Ready to Attack the Resistance Zone ==>>Short termBitcoin ended up filling both CME Gaps as I expected. Bitcoin is currently moving near the Support zone($65,500-$64,600) and seems to have succeeded in forming a Falling Wedge Pattern . I expect Bitcoin to attack the Resistance zone($67,540-$66,740) at least once and if this zone is broken, we should expect Bitcoin to reach $68,000 . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
24