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Rising Wedge

Terra Analyze (Short Term/Rising Wedge)!!!Tera was able to make a Rising Wedge Pattern from 43.2 until 60.5$ , also the price lost the lower line of its Rising Wedge 2 days ago. Terra Analyze ( LUNAUSDT) Timeframe 1h ⏰ I have two scenarios for the next movement of Terra . 🔅 S cenario 1 : Terra was able to pass pullback, and it will go down from 57$ . 🔅 Scenario 2 : Terra is on the pullback, and it will make Inverse Head and Shoulder Pattern . 🔴 Resistance Zones 🔴 & 🟢 Support Zones 🟢 that we have in front of Terra . 🔴 Resistance zones on Terra 's way: 🔴 Resistance zone : 58.2$ until 57.5$ (Resistance + Cluster of Fibs) 🔴 Heavy Resistance zone : 63.3$ until 60.6$ (Resistance + Cluster of Fibs +Yearly Pivot Point + Monthly Pivot Point ) 🟢 Support zones on Terra 's way: 🟢 Support zone : 53.6$ until 53.1$ (Support + Cluster of Fibs) 🟢 Heavy Support zone : 48.4$ until 46.8$ (Support + Cluster of Fibs + SMA 200(TF Daily)) Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
by pejman_zwin
3
BTCUSDT is creating a rising wedge?Bitcoin had a bounce from our weekly support after a dump due to war, the price created a V shape. On the 4h Timeframe, the price is testing a key level on 39600 on the daily resistance on 0.5 Fibonacci level. If you look on the left you can see an accumulation before the previous bearish impulse, it means that this area is so strong to break. the previous candle created a false breakout, no bullish momentum followed the candle, and the Volume is decreasing. If we exclude the nervous candles about the war, we can identify a rising wedge. A rising wedge with two up-sloping trend lines. The volume trend usually slopes downward. How to approach? We are monitoring the price, a clear breakout of 38300 with retest should be a clear sign for a new bearish impulse, 37k is the first 4h support. The setup is invalidated if the price is going to have a breakout and retest of 42k –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
12
AUDJPY H2 A good opportunity for sell !Hello traders this is my idea about audjpy H2 with price action and harmonic pattern method as you see we have a rising wedge at the end of the downtrend and the price came back from resistance line and resistance area also I think we have a harmonic pattern here that name is deep crab ( although it's not a ideal deep crab but In my opinion I can consider it as a deep crab ) so I expect a downtrend for this chart and I determined possible targets . Good luck.
Short
by Amirhosseinbahrami7899
2
GBP / CAD 1073558 + 0.18 % LONG IDEA * PRICE ACTION & STRUCTUREHEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE GBP / CAD * The PAIR has been trading in a RISING WEDGE just broke above a resistance level, retested this level somewhat now signaling continuation. - Short term the pair is currently rejecting at this structure possibly signaling continuation in momentum on the 4h chart this in a rising wedge.. - Looking for long entries on the THE POUND / CAD this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
Can we get a retest of this Rising Wadge on BTC?As i told you at 44k we had hidden bearish divergence on the weekly and bearish divergence on the daily, point of control, daily resistance level and golden pocket. On the top of that we had this bearish pattern called rising wadge that we broke to the downside so it was clear to me that we are going down. At the moment we are at the support levels where i am taking advantage of the ranging market because of the low volume on the weekends. However i am expecting a bounce from this point at beginning of the week and retest of the breakout point betwen 42 and 42.8k where we can get our short position filled. On the weekly i am still bullish and i am expecting a bounce from the ascending channel on the weekly and continuation of the bullrun 2.0. If we break the channel and close weekly below it we can expect bear market and lower twenties. What do you think about this rising wadge retest and can we reach the target? If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
BITSTAMP:BTCUSD
by Mladen94
1
Perfect Bitcoin descending channel on 4 hourly time frame.As i said in my previous posts we are in Ascending channel on the weekly, on the daily we broke out from our rising wadge to the downside (is going to be confirmed if close below 43.1k) and descending channel on 4 hourly. Yesterday i posted about the rising wadge on the daily and i was bearish, because on the weekly we have formed hidden bearish diverganece and on the daily berish devirgance. Everybody was bullish because of the inverse Head and shoulders and that was a perfect counter trade. Now is everybody going to be bearish because of the M pettarn breakout and call for 37k so we can counter trade them again around 40.5k or bottom of the channel and ride it to the upside till we retest rising wadge on the daily. What do you think about this descending channel and can we get a bounce? If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON
Long
by Mladen94
We have rising wadge on the daily BTC chart!!!Everybody is talking about the inverse head and shoulders pattern but i think that is to good to be truth. I just saw this rising wadge with multiple touch points on the upside and downside. And i wish i could be more bullish but we have hidden bearish divergance on the weekly and small bearish devirgace on the daily if the candel closes in red. Even if we we close above 45k i am still going to be bearish as long we do not close the daily above 46.2k. Sometimes we make higher high just to liquidate shorts and trap long positions before we reverse. However in strong bull markets rising wadges do break to the upside so i am not counting out the bulls but they need to show some more buying pressure. As of my trades i am still holding 50% of my long position from 41.9k and if we break to the downside i am exiting at break even. What do you think about this rising wadge and can the bulls push thru 46k? If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON
by Mladen94
2
BTC ON THE WEEKLY RISING WADGE VS RISING CHANNELBack in october i drew this rising wadge and i completely forgot about it.Since than we got our third touch point and big bounce from it on the fourth of december.This rising wadge goes back from 2017 Bull-run and has multiple touch points on the upside and 3 touch points on the downside. But we also have this rising channel and 3 perfect touch points on the downside and 2 on the upside becouse of that i got in long position at 33k. What to do if we get rejected from the rising wadge? The answer is simple,i am going out from my long position and wait for rsi on the weekly to go slightly below 30 whith has idicated bear market low back in 2015 and 2018.However if we break back in i think flying to the moon is very likely to happen. What do you think about my opinion? If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
COINBASE:BTCUSD
by Mladen94
2
A Guide about Falling & Rising Wedge PatternsHello every one 🟡WHAT IS A FALLING WEDGE PATTERN? The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend. 🌳HOW TO IDENTIFY A FALLING WEDGE PATTERN The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration. The differentiating factor that separates the continuation and reversal pattern is the direction of the trend when the falling wedge appears. A falling wedge is a continuation pattern if it appears in an uptrend and is a reversal pattern when it appears in a downtrend. (Example) 🔵WHAT IS A RISING WEDGE PATTERN? The rising wedge (also known as the ascending wedge) pattern is a powerful consolidation price pattern formed when price is bound between two rising trend lines. It is considered a bearish chart formation which can indicate both reversal and continuation patterns – depending on location and trend bias. Regardless of where the rising wedge appears, traders should always maintain the guideline that this pattern is inherently bearish in nature 🌳HOW TO IDENTIFY A RISING WEDGE PATTERN The rising wedge pattern is interpreted as both a bearish continuation and bearish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain a different set of observation dynamics which must be taken into consideration. (Example)
Education
by CobraVanguard
18
Bitcoin BTCUSDT - New parallel channel!- We have a new parallel ascending channel on the 4h chart. - Bulls need to break this channel to the upside, for continuation in this uptrend. - The previous triangle structure can be definitely re-tested in the future, so be prepared for this case. - But a major trendline from 10. November 2021 is now broken, so the trend switched to a bullish trend. - If you want to see more of these ideas, hit "Like" & "Follow"! - Check my related ideas about bitcoin below!
by UnknownUnicorn2537518
3