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Right-anglebroadeningwedge

Almost Time for HBARIt is very near time for HBAR to exit its Right-angled Ascending Wedge (also called: Right-angled Broadening Wedge). I'm expecting a bullish exit, though the opposite is possible. Everything points to the bull case here, we flipped resistance to support, and we've spent the last year above it, recently making higher lows. Now we have a potential inverted HS on the daily chart here, if confirmed, it would take us right to the top of our RAA wedge. Our wedge exit target lines up with trend-based fibs, and our HSi target lines up with top of our wedge. We call that confluence. Even the best charts can still fail, so be wary and be wary of what Bitcoin is doing, but in most circumstances with a chart like this one, we should be able to expect what it's telling us, and it's telling us that it wants to make a significant move up, and very soon. Related ideas for the HBAR bull case are linked below, two comparisons to other similar bullish moves, and my first post about the RAA Wedge and its targets (weekly view, this is the daily view - but showing weekly trend and 2day trends for our wedge top). Here's a candlestick view of the same chart, showing the trend-based fibs: Here's a zoom-in on the potential HSi: And another:
Long
by dudebruhwhoa
1
Amazon Bearish Monthly AB=CD Macro UpdateThis is an update to an couple years old ABCD setup on Amazon to remind myself that the ABCD is still in play and that we may be in the midst of forming a Partial-Rise at the PCZ within this Right-Angled and Ascending Broadening Wedge Visible on the Monthly Timeframe. If this plays out and we see price come Back Down to the Bottom Trendline we will have a High Chance of Breaking Down Bearishly through the Wedge. This will likely lead Amazon to Revisiting the Price Levels of $2000 then if that doesn't hold we will likely go straight down to around $1300
NASDAQ:AMZNShort
by RizeSenpai
2
HBAR today vs. Solana Last AugustWeekly charts for both create a nearly identical pattern in a right-angled ascending wedge. Solana happened faster, HBAR is taking it's time. What do we know about things taking their sweet time to move? The longer it drags on, the bigger the move. Pattern similarities shared: - both in right angled ascending wedges - both made 3 pushes higher - push 1 follows with a higher low than push 2 - push 2 follows with our lowest low - push 3 is significantly higher than the rest - push 3 correction is steep, drawn-out, but ending in a higher low than all the other pushes Let's see if HBAR continues to share similarity here when it finally decides to exit the wedge.
Long
by dudebruhwhoa
HBAR / BTC - Channel exit may indicate direction of RAAWHBAR / BTC weekly chart has formed a right-angled ascending wedge (RAAW) since double-bottoming, rising to new highs, and then creating support over its May-Aug 2020 highs. Since peaking in Sept 2021, we've formed a corrective channel. Exiting to the upside or downside of the channel could help indicate whether we maintain that support and see continuation of our uptrend and an eventual exit of our RAAW. Targets for channel exits in either direction and for the RAAW are shown on the chart. Reaching TP 2 of a bullish channel exit would confirm a continuation for our RAAW. Reaching channel bottom would confirm a bearish exit of our RAAW. However - channel bottom lies right at the lower-end of strong support, so it's possible it could still turn up from there, but unlikely as we've held the top of that support since exiting it back in May of last year. Exiting below the channel and below strong support may lend certainty towards a bearish trend heading towards a bullish triple bottom. The target for our RAAW lies around 1765 sats, but the mid-point for that remains a strong stopping area for me as mid 13-1400s sats are original TP 1s for the double-bottom. Long-term targets: - Bullish: 1440 and then 1765 sats - Bearish: Look for a triple bottom with a stop between 92-156 sats
by dudebruhwhoa
3
Classic bearish right-angle broadening wedge on BTC. $7100 soon?BTC/USD is currently forming a textbook bearish continuation right-angled broadening wedge pattern; and we are now in what would be the final push up (potentially toward 8400-8500) before an eventual break of the support zone around 7800/7900 with a measured move around the $7100 region; which is confluent with historical price action and in the vicinity of the 50 week moving average. This lines up with the notion of redistribution before further downside continuation following the high-volume break-down from the 9k region. I will show some additional charts below adding further bearish confluence in the comments down below. Also, for any traders wanting to try out Binance Futures or Margin trading, feel free to sign up with this link and you'll get 10% of your fees paid kicked back to you: www.binance.com Binance also just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> www.binance.us -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
BITFINEX:BTCUSDShort
by Deftsuo