REN broke down rising wedge#RENUSDT
$REN broke down from lower line of rising wedge and now pullback to confirm support as resistance.
after this pullback price can drop more to support zone between 0.5 and 0.618 fib levels of last swing high.
if price break out from descending and ascending resistance this bearish scenario will be invalid.
Rising Wedge
Tron TRXUSD - Next wave +1000%, Elliott wave + Wedge!- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing on the chart.
- Volume is very bullish and also RSI is prepared for another pump!
- Target is 1.618 fib trend-based extension + top of the ascending wedge + 5th elliott wave.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
- If you want to see more of these ideas, hit "Like" & "Follow"!
REEF ANALYSISHere's a quick look at REEF 4D chart . As we can see, the price has been showing a trend line support and moving in the Rising wedge. It also respecting box patter n and moving nice in box ,breaking upside only .We can see a breakout anytime in any direction . Wait for retest and buy it surely.
Definitely one to keep an eye on .
The best entry at 0.028$ or after breakout upside and retest.
Targets
1 0.03827$
2 0.045404$
IF YOU LIKE THIS SHOW SOME LIKE AND FOLLOW THAT WILL ENCOURAGE ME
THANK YOU
Will the Euro's current downward trend continue?Investors are concerned about inflationary pressures and their influence on monetary policy and economic recovery. Meanwhile, all US market indexes reached a new high on Friday. The Stoxx 600 stock index in Europe was generally balanced.
The EUR is attempting to break out of its rising wedge and retest the October high of 1.6850. If the bulls prevail, the next possible support/resistance level would be 1.75 - 1.77.
In contrast to this idea, if the bears seize control of the market, the next 1.45 - 1.40 range might serve as possible support.
LINK/USDT : Targeting $100 into Wedge, Located at the bottom !BINANCE:LINKUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#LINK is moving in a historical rising wedge since 6th.Dec 2018.
Now there are 4 taps on higher trendline and 3 taps on lower trendline, Based on the repetition rules, There can be another retest on lower trendline.
But #LINK is already in wedge's scale !
So If It gave us the chance to retest the lower, It'll be our 2nd spot to enter.
Now the 1st entry is located above the current resistance line, We can enter #LINK for long-term hold after a breakout above the $35's resistance line !
Also there's another trendline, Which is supporting the movement from below and it's currently affecting the movement on 1D's chart :
📊 Possible Targets :
There're mentioned targets on daily chart above, But there'll be more surges after conquering the ATH; The levels are calculated by FIB extension.
- $49.60
- $74.10
- $104.80
As we reaches the last target, We might retest the higher trendline neither !
So It's suggested to drive out you holding on mentioned FIB's levels.
📌 Try to use partial entries ! 1st will be a hold above $35 and 2nd entry will be a retest on lower trendline.
🙋🏼♂️ Hope you enjoyed the content I created, You can support us with your likes and comments !
🔰 Feel free to ask your questions in comments and share your opinion there, I'll be waiting for you (●'◡'●)
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Shiba Inu SHIBUSDT - Bull flag + Double TOP- SHIBA INU - SHIB - Rank #11 - Token.
- On the chart we can spot a huge rising wedge on the LOG scale.
- Also the chart is printing a bull flag / bullish pennant!
- Crypto market usually ends with a double top / double bottom, so there is still a space to go.
- I would not buy Shiba inu, it's just a technical analysis.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
CL: On its way to 94.Oil is right now stuck in a rising wedge. This wedge extends to its vertex at point 94.52 at around its rough date of December 12th. This where vertex converge on schematic drawing. I always to confirm my drawings which be subjective in nature with quantitative analyzing. For most wedge pattern this subjective can be confirm with more objective by using area of mathematics called Connectivity Prediction. There is online article in regarding to his model "Delphi: Geometry-based Connectivity Prediction in Triangle Mesh Compression". I have adapted a few paramaters at this model to make it be more appliable to market analasis.
You can seen the wedge trend generally is follow rules of a wedge. at wedge support RSI is under 50 to oversold and at wedge resistance RSI is more then 50 to overbought. This is also confirm on other indicators.
You can see on chart I buy at 76 and I have added at to my position when price gos down to support. I did exit premature at one point and missed out some profit, but I quickly re-enter.
Let's see how or if this works out for us.
thank you for reading and following your Miss Bunny.
Please spread kindness and love. It feels good and makes our world better.
Miss Bunny
Rising wedge on 1 month chart for BTC With multiple market crashes incoming, btc has been in a constant up trend and bubble since day 1. Classic rising wedge and developing a M at the top to indicate breakdown of the pattern which will lead to break out. Remember distance of fall is usually the same distance of the back of the triangle pattern from original high and low. Inidicates a 99.5% drop at least
This is Next Rising Wedge FormationIn preparation for a new uptrend, a bullish response came after the bearish. But I think a short-term Rising Wedge Formation". I think it can test the levels between 0.00000085-0.00000090 by falling again. Because fluctuations are needed for a good trend and a steady rise. This dog will need ripples to get to better places and will need opportunities to hold more holders.
Not Much to Say About AMCOkay so I waited a week for the price action. $34.50s (I call $33 but I was wrong but I was okay with $34 because $36 bounce was unlikely to me) was the bottom and we explode to $44.21 before selling off. Expect a bull pennant this week into next week. If we breakout this bull pennant. Expect $48 the resistant again and creating a rising wedge to the $50s again. I will talk about more later when we reach the $47s+. So this is my rough sketch play out this month. We might go much higher sooner though. Nobody knows.
Expect some update later.
SOL shortexpecting a decent correction on SOL soon.
currently in a rising wedge pattern with bear divs popping up on the hourly and volume seems to be dropping as well.
might have one more bounce left in it before it goes for a proper correction.
but if this is the top im expecting 225 as a price target for this short
GOLD pt. 2Pretty much same position as my EURUSD idea.
Drawed a little bit different chart, so it's easier to see what I'm seeing.
Friday GOLD break out of this rising wedge, now price is testing bottom of it which is at the same level as Fib level 0,382.
I expect Gold to fall down atleast to fib 1,272 level.
Good luck.
0x ZRXUSDT - Elliott Wave + Rising wedge- 0x - ZRX - Rank #101 - Token
- ZRX is very bullish on the weekly macro scale.
- We have a rising wedge, that greatly holds support.
- Bullish volume is higher and RSI is prepared for a pump!
- Profit target 1:1 fib extension or top of the wedge
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
STA| Testing support - Rising Wedge - TP 37.75| SL 32.50STA | Thailand SET Index | Agricultural Sector | Price Action Trading
> Testing the support rising wedge if dropped below 33.00 would reset the uptrend pattern
> Strong Smart Money and Banker Chip signal
> Big Lot Volume Support Continuously
> CDC Actionzone - buy position
Fundamental Factor:
> Positive +YOY Q321E performance
> New business Hemp Plantation government FDA approval
#AXS Axie Infinity 1D - Brewing ActionAXS on a daily chart.
A few things to note:
1) Rising wedge pattern in play.
2) Bearish divergence on 1D chart
3) Bollinger Bands tightening but similar structure forming since last tightening as circled in the chart.
Something interesting is surely brewing here.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
Rising wedge and bearish divergence.Non technical indicators that might support this idea;
- ETH gas prices continues to be unreasonably high and ETH 2.0 won't be rolled out until 2022
- Shiba Inu might be a sign of the market overheating (We all remember what happened the last time a memecoin entered the top 10...right?)