Rising Wedge
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Rising Wedge, Parabolic TrendLUNA is in a Rising Wedge (ultimately bearish) within a very Bullish parabolic rising support. There is still room for enthusiastic buyers to drive the price higher within the wedge, but it's a high-risk play. I certainly wouldn't enter a short position, but I'm also not interested in longing these levels. I'm waiting for the wedge to break down and then looking for a clear entry around the 50 EMA, or when the curved support is retested.
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EUR/CAD showed bear returnIt seems that the pair has just finished retracement to the upside and is ready to start with the main trend (which is bearish). As we see there was a rising wedge (which is interpreted as a continuation of the pattern if formed in this way). Well, I would wait to see if the pair will have the strength to retest or start to decline without it. Keep in mind that anything can happen and that it is not a matter of being right every time, but of increasing the odds in your favor when you are.
SOL inside rising wedge#SOL/USDT
$SOL is trading inside rising wedge that is a reversal pattern and if price break the lower line of this pattern it can drop to parallel trend lines with upper line of wedge around support zone between $173 and $167.
but if #SOLANA price break the upper line, it will increase toward parallel trend line with lower line of wedge around $210 and $220.
Bearish mid-term, Bullish long-termMATIC appears to be forming a clear Cup against BTC. It's also in a Rising Wedge pattern (bearish). We've recently seen bearish divergences on the daily and 4-hour charts. Buyers appear exhausted. I'm not interested in longing MATIC at these levels and I'm expecting a cooling off (Handle) before breaking out higher. I'll be looking for bullish divergence at least on the 4-hour before this is tempting for me.
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following. Thanks!
$RELI – SI 76%$RELI entry PTs 5.29-6.30 Targets PT 9-10.50 and higher
$RELI – SI 76%
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BITCOIN Daily Looks RIPE for a LONG!!!been gone for a while might just ease back into this. see my older analysis were on the MONEY! stop getting REKT and follow me !!!
we have good support with volume on the trend lines (rising wedge). i think with the MACD still below Zero and the RSI climbing we can see another retest to the top of the wedge.
well see what plays out
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BTCUSDT: Rising Wedge Or a Miracle to Flip Upward?BTCUSDT: Rising Wedge Or a Miracle to Flip Upward?
By the monthly chart, i would estimate a rising wedge that shows sign of exhaustion and slowing momentum.
It it dips, my guess would be towards 31k - 34 k. This is consider healthy reset.
The other side of the coin is flipping upward trend by purely fundamental analysis; an impact so great that it doesn't care what TA is about.
I would watch closely on Q1 and towards Q2.
Green lines are supporting line +/- 1k. Best spot to exist if your are trading mid term.
Yellow dotted line directions are all estimates. NO way i can be exact in weeks or even days.
Pls trade safely.
Rising wedge in HCLTECH on a 15 min tfhcltech had created a gapup due to which selling can be seen and a rising wedge is forming
1st entry for short can be created below closing of 1258.50
with tg of 1246
2nd entry below 1246 with target of 1230
keeping sl trailing as per risk appetite
disclaimer: this post is not an investment or trading advice
please consult your financial advisor before deploying any capital
pls drop down your doubts and comments
and like if you want more charts
Ethereum is struggling with an important key levelFundamenta Aspect
Ethereum Upgrade Delays 'Difficulty Bomb', more on my blog as I cannot paste the link here.
Technical Aspect
Ethereum is establishing fresh support above the $3,500 level, and if buyers continue to break over the crucial resistance level of $4,000, the price may begin a new rally.
If buyers continue to sway the market, the nearest obstacle they will encounter is at the $4,000-$4,150 level. The price's first significant resistance level is at $3,950, which, if broken, might signal the commencement of a fresh uptrend in the near term.
Contrary to this assumption, if buyers can not overcome the $4,000 barrier, the downtrend may continue. In this case, the closest price support will be at $3,500 - $3550.
Rising wedge forming on Matic ? We have little data available, despite this the weekly chart offers us a rising wedge with a negative breakout around January / February .
Major support around 0.61 Fibonacci from the first run at $ 1.13
Moment around which according to my latest analysis on BTC it too should touch its major support before continuing with a large positive rebound .
Is Luna approaching a new rising wedge?Luna after her first run in September continued towards an uphill path forming a rising wedge which led to an expected negative breakout in mid-November , a fall that bounced back to .61 Fibonacci from the first run.
Now we are facing a Luna that even after its second run does not hint at a retracement , continuing to have new Higher Highs , could we therefore find ourselves facing a new rising wedge?
In the event that the chart continues inside a rising wedge, we can expect a negative breakout between January / February that should bring the price of Luna to the 0.61 Fibonacci area , therefore around $ 55.
Excellent point for a strategic entry.
What could we face if it breaks the current pattern?