Eth Falling wedge ascending triangle I'm still new and learning TA, but what do you guys think? Is this a falling wedge/ ascending triangle breakout?
Fallingwedgepattern
Falling Wedge PatternFalling wedge pattern is a reversal chart pattern that changes bearish trend into bullish trend.
ZIL falling wedge patternFalling wedge pattern only has 8% - 10% failure rate.
Good to enter on breakout with volume for confirmation.
###NOT FINANCIAL ADVICE###
EURUSD LONGPRICE FORMED FALLING WEDGE TOWARDS, LARGER TIMEFRAME, SUPPORT STRUCTURE. SHOULD PRICE BREAK OUT OF THE WEDGE IMPULSIVELY, I WILL BE MORE THAN CONFIDENT TO SAY PRICE WILL GO UP.
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I expect a fall to $27,800 before rising again.
As indicated on this chart, we have a falling wedge pattern that price is stylishly following.
From my previous idea here,
I said a breakout from the 2nd triangle determines the next move. And I also made mention that if price breaks the 2nd triangle downward, it would fall to the 2nd triangle at $27,700 which is exactly what is manifesting on the chart.
Back to today's idea.
We can all see price approaching the lower trendine at $27,800 to make it the 3rd support. Thereafter, a reversal should follow and price will start soaring higher.
What do you think?
Share your opinion in the comment section✍️
Happy Trading💰🥳🤗
EURUSD H4 PROJECTIONReason:
1. Mitigated 4H OB
2. Price created divergence
3. Bullish falling wedge pattern
ETHEREUM'S FALLING WEDGEGood day ladies and gents! Like Bitcoin, ETH has also formed a falling wedge pattern...more bullish then bearish! You can find a bullish divergence on the chart as well. That being said, I expect a break to the upside...16-20% potential move...so Bears Beware :)
Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :)
Peace Love Money ;)
Some similarities i see on BTCHi traders,
in the storm of bearish sentiment, i am still staying optimistic about btc.
I see some obvious similarities from the start of 2021 falling wedge and the recent one starting from May 19th.
Both patterns are confirmed with high selling volume and the weakening RSI.
However, 27K is very possible in order to complete ABCDE pattern, before breaking out to new highs.
Good luck!
4 Year Falling Wedge BrokenStock has broken a 4 Year Wedge Pattern and now going sideways. Buy at 477 for a target of 666/703 in the short period of time.
[2021-07-10] BTCUSDT, Bullish DivergenceAS the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price, a bullish divergence occurs.
This indicates rising bullish momentum.
In addition, the falling wedge is a bullish pattern regardless of what kind of market it appears in.
The break happens when a price goes through and stays above the resistance line.
GRT-USDT (break from descending channel) DAILY VIEWHello all! 😄
This idea is short, these are just some targets for GRT that I expect to see if ETH and BTC can maintain bullish momentum.
GRT (The Graph) is a solid investment in my opinion.
We have seen price action break out from current structure/descending channel-wedge shape.
Think about taking some profit at the ~💲1.18 level for safe trading.
Trade is invalid if we break below BLUE trend-line
Let's see and always remember 🔽🔽
🛑This is not financial advice, use a stop loss🛑
Any thoughts 💭🤔, questions🙋♀️🙋♂️❓, like👍, dislike👎, happy😃 or sad😥, always welcome in the comments below, thank you!
Jazerbay💕
ETHUSD - Falling Wedge on 2HHello traders! My analysis showed me falling wedge on 2H timeframe. Let me know your ideas and opinions on this move. Have a great day!
BTC LONG INCOMINGBTC failed to break through 35k/0.5 fib level but seems like it will break through after a retest of wedge
BTC has also formed a symmetrical triangle on 1hr chart which can break either way, but looking at previous pattern which is falling wedge it shows more upside after the retest of wedge line which is shown below in chart:
example: (same chart)
currently I'll be looking for long from either 33.5k/0.382 fib level (33591) or
or lower line of the symmetrical triangle
Amber EnterprisesIt has a possibility of falling wedge breakout,delivery % was also high today,it may give a good breakout in near term
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consult your financial advisor before taking any decision
NSE:AMBER
VeChain - Update with a Falling WedgeQuick VeChain 4hr chart update with the Ichimoku Cloud:
VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating Short-Term momentum is downwards at the moment. Note that the Conversion Line (Tenkan Sen) is only sloping slightly downwards.
The Ichimoku Cloud Base Line (Tenkan Sen) is indicating Mid-Term Momentum is downwards at the moment.
The Ichimoku Cloud Lagging Span (Chikou Span) is pointing upwards indicating momentum is upwards, but be aware that this is a fast reacting indicator.
Note that the Leading Span A (Senkou Span A) is pointing downwards and the Leading Span B (Senkou Span B) is starting to slope downwards but note that the cloud gap between the Leading Span B (Senkou Span B) and Leading Span A (Senkou Span A) is still quite large. When the Leading Span B (Senkou Span B) is on top, we do not want that gap to shorten into a thing gap unless you are short selling.
VET is below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that VET is back above its Lower Band, this is indicating negative volatility has slowed.
VET is below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this 4hr timeframe.
VET is below its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this 4hr timeframe.
VET is in a Falling Wedge pattern. A Falling Wedge pattern is a possible bullish reversal pattern, but because all alts are still at the mercy of BTC, Exchange & Market Manipulation, its debatable as to whether or not the potential reversal will be realised. The bottom trend-line of the wedge is a crucial support line as VET has bounced off it 4 times. VET needs to close this 4hr candle above this support line and turn it into strong support, if not, then VET may see $0.092 again and possibly much lower so there could be another opportunity to acquire more VET at a cheaper price.
VeChain is still the most criminally undervalued crypto out there, so if it does drop more, then i’ll just DCA more at an amazing cheap price before the next crypto leg up.
I hope this analysis is helpful with your trading and hodl-ing.
Bitcoin breakout from falling wedge patternYesterday , I posted that there was an inverted cup and handle pattern forming in 1H timeframe of BTC, but since we are in an uptrend since last week, the probability of inverted cup and handle pattern forming completely and breaking it's neckline, is quite low. Within the inverted cup, there was a falling wedge pattern and BTC broke out of that wedge an hour ago. I think it's safe to enter into a long side trade at the retest of wedge pattern with target1 as 42000 and target2 as 46000 .
AKRO USDT IS FORMING A FALLING WEDGE ON DAILY TIME FRAMETrading Signal Time
Akro Usdt
Entry: 0.025 to 0.02
Tp: 0.041
Tp: 0.047
Tp: 0.051
Tp: 0.061
SL: 0.009
CLNE ( The falling wedge pattern )CLNE is one of the attractive stock these days. On CLNE, a further falling wedge reversal pattern can be seen. The chart pattern target will be $16.
Kilroy Bottom & Falling WedgeToughbuilt re-tested the all time lows and seems poised to run higher now.
Falling wedge : We see that TBLT broke out of the falling wedge and has been flatlining or consolidating in the $0.70s area. This is a bullish pattern.
Kilroy Bottom / Inverse Head & Shoulders: Coincidentally or on purpose, the consolidation in this range is also forming a Kilroy was here or inverse H & S formation. This is also a bullish reversal pattern.
The company's overall picture has not worsened. From their annual report, they stated they intend to release new tool lines in the first half of 2021. As it is almost June, the announcement can drop any day now and propel this baby higher. New products will boost growth, revenues, and move the stock. They also filed patents for new products down the line so the growth story can really play out long term.
The annual meeting is also coming up in late June to vote on a R/S and an increase in shares. I think if the stock regains compliance, management will not need to pursue a R/S or dilute shareholders YET.. They have 32 million in cash which can support them through the end of this year. Assuming the new tool lines add significant revenue and the company approaches becoming profitable, this is extremely undervalued at a 58 million market cap. Their yearly revenues are almost $50 million.
I forecast break even at around 80-90 million in revenues per year and that is not too far away.
Risk : Management being able to execute and take the company to profitability.
Reward : At 58 mil market cap this company is not trading at any multiple to sales or any type of multiple right now. If they prove they can turn the company around then we can see a 10 bagger in 1-2 years.
This company needs to step it up and bigger players will notice and probably buy them out. But come on management! EXECUTE!!!
Good luck to all.
$CGC - Channel- Major - Falling WedgeShort term trade to ATH falling wedge!!
Push Play -- Join the STP community!! Link in description!
How to trade with Falling wedge pattern-Live exampleFalling wedge pattern's considered as continuation pattern (Bullish continuation pattern) We can catch this pattern
after some bullish reversal or in a continuous bullish run.Best place to enter bullish was after the break of the upper side trend line
(After converging).The primary target would be the topmost rejection level of the wedge and we can fix our extended target with the help
of Fibonacci.
SXPUSDT Falling wedge patternThe SXPUSDT is at the stage of forming a falling wedge pattern, so the successful formation of this reversal pattern will indicate the end of a local downtrend and provide a low-risk opportunity to open long positions.
