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Rising Wedge

Ethereum Returning to the EtherEthereum lost an uptrend it has been in for >6.5 years back in July of this last year. That uptrend also forms the bottom of a rising wedge that has taken shape when drawing a trend from peak to peak over the years. Upon losing its uptrend, it briefly saw a pullback during Feb - March of this year, but then lost it again and has since bounced down from a re-test it did in May. It's BINANCE:ETHBTC pair also lost a 7.2 year uptrend back in March and has also since failed to get back above it upon re-test: Possible scenarios for new ATHs before down: It could drag out through July or later and re-test again, which might even give it a new / slightly higher ATH before starting the long haul down. Or, it could break back into the rising wedge and move near the top, around 10k as some have expected, and that could delay and mitigate its downside. Another look at ETH/BTC 2-Weekly and daily charts with chances to become bullish or bearish: 2-Weekly: Daily Chart zoom in on re-test of 7.2 year uptrend, where it formed a rising wedge and hit downside targets, so far:
COINBASE:ETHUSDShort
by dudebruhwhoa
USDT.D% will ⚔️Attack⚔️ to Support zone again💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status. 💡If USDT.D% falls, we can expect the cryptocurrency market to start rising ( not all tokens, of course ). 📈From the point of view of Classical Technical Analysis , USDT.D% looks like. It has succeeded in breaking the lower line of the Rising Wedge Pattern . 🌊According to the theory of Elliott waves , USDT.D% has successfully completed the Zigzag(ABC) correction , and we have to wait for the next 5 falling waves . 🔔I expect USDT.D% to at least fall to the 🟢 Support zone(4.72%-4.53%) 🟢. Market Cap USDT Dominance% Analyze (USDT.D%), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
CRYPTOCAP:USDT.DShort
by pejman_zwin
8
XAUUSD | Rising Wedge H4 Timeframe XAUUSD | Rising Wedge H4 Timeframe Gold has been create a proper Rising Wedge Current point 2386.00 - 2387.00 On the Other hand , High Alert news are waiting for Gold Gold will touch soon 2370.00 then possible flip path to 2376.00 After that it will make a massive move and hopefully break the trend and touched the 2352.00 point then possibly flip 2368.00 All these flips are based on support level because it will create a proper trend and our last target will be 2330.00 All these idea/Analysis are based on Demand/Supply ,Rising Wedge Predictions are based on Educational Purposes
OANDA:XAUUSDShort
by professionaltradersfx
SPY Daily - Rising WedgeTreading lightly here as the SPY looks to be right at the end of a bearish rising wedge following a bearish ABCD Elliot Wave heading into a major week economically speaking. On Wednesday we have retail sales numbers, core CPI, and Core CPI YOY coming out, followed by jobless claims on Thursday. Will be watching closely, some support levels and RSI-based supply and demand zones to keep an eye on in the meantime, bearish and hedged- (Original Chart Attached Below) - Rising Wedge following a bearish ABCD Elliot Wave - Hidden Bearish Divergence on the RSI - Sitting right on its 50-Day SMA - Bearish ABCD Elliot Wave
AMEX:SPYShort
by jacobosiason7
Where does the Bitcoin downtrend continue to?Hello dear friends, I hope you're doing well. Before delving into Solana and Bitcoin analysis, let me reiterate two important points for newcomers and myself: 1. If you haven't profited from market dips or experienced severe liquidation, take a few days off from the market. 2. Avoid entering the market for revenge, as emotional decisions could lead to further losses. As you can see, Bitcoin experienced an 18% drop from the $73,600 ceiling and reached a support level of $60,000. The question arises: Is the $60,000 range an attractive zone for market makers or major players? My answer is a resounding no, for several reasons. As I've mentioned before, the $60,000 range serves more as a psychological barrier than a significant support level. Market makers reinforce this range so you can comfortably take long positions at $20k, $40k, or $80k without worry, or even go full margin long. In my opinion, the $60,000 range is the biggest bull trap that market makers have set for us. Within less than a week before the halving, the $60,000 range has been strongly supported, but 8 to 10 days later, CZ's criminal sentencing area awaits us. Considering the current dominance of Tether and the breakdown of the rising wedge bearish pattern, we could look to open short positions in the $64,500 to 68,000$ range. The likelihood of this scenario playing out is very high. ------------- Here are the potential scenarios for Tether's dominance: 1. A move of 4.7%, breaking the resistance at 5% and reaching the 5.85 range, which is the channel's midpoint. 2. A correction to the 4.5 to 4.36% range to complete the upward pullback, followed by a move towards the 5.85 range, which is the channel's midpoint. Therefore, we conclude that Tether's dominance is very bullish. It's likely that the $60,000 support range will be broken, and the price will drop to $45,000 (the 5.85 USDT.D range). ------------- The Elliott Wave count I conducted in the previous analysis on the RSI indicator is nearing completion. Wave A has been completed. ------------- I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy.
by Sadegh_Sh
10
USDCHF → Breakthrough readiness. Target 0.925 ↑FX:USDCHF looks stronger than the dollar. The Swiss franc is weakening strongly due to fundametal reasons. The bullish trend may continue with a break of 0.9142 On D1 earlier we saw a trend change, after which the market went into a consolidation phase and reached 0.9147. The market resistance continues to hold the price, but against the background of compression and gradual approach of the price on the background of volume growth, the sellers have less and less chances to hold the resistance zone. A break of the mentioned line will activate the realization and distribution phase, which will give us a bullish momentum. Resistance levels: 0.9142, 0.9147 Support levels: 0.9089, 0.9020 Technically, a compression to resistance in the format of an ascending triangle is being formed. Impulse activation zone - resistance breakout. Regards R. Linda!
Long
by RLinda
2
GBPUSD → Weak pound sterling will test new lows FX:GBPUSD is going to leave the sideways range with the negative fundamental background. On D1 the price is breaking the trend line, and at the same time the dollar is conquering new highs. The pair is declining amid the strengthening of the dollar index, which is connected with the news on inflation. The medium-term outlook is defined and thus gives us an indication of a possible decline. At the moment the key area is the zone of 1.2518. A breakout and consolidation of the price below this zone will be a confirmation of the bears' intention to go even lower. The pound is weak and may update the lows. Resistance levels: 1.25697 Support levels: 1.2518, 1.24489 Technically, amid the strong dollar, the pound is testing new lows and is preparing to go even lower. I do not think that the bulls at 1.2518 will hold the price for a long time. We are waiting for a breakout and further decline. Regards R. Linda!
Short
by RLinda
2
BTC to fall from a rising wedge? SHORTBTCUSD on the 15-minute chart appears to have formed a rising wedge pattern which typically forecasts a breakdown and a fall in price. Overlaid is the LuxAlgo predictive model-based on a gaussian regression line ( top shelf mathematics) with a lookback to the left for similar patterns on which to found the forecast. The algo indicator validates a bias for a fall in price. I will take a partial on my long positions here and save the profits for a re-entry when a firm uptrend is noted.
BITSTAMP:BTCUSDShort
by AwesomeAvani
GOLD → Profit-taking and another war. Opening with a GAP?FX:XAUUSD updates another high to 2431.4 and then begins to shed heavily amid profit taking by traders. The weekend also proved to be fundamentally important for the markets, which may react strongly. Most of the nearly $100 drop is due to profit taking by traders as the price reaches psychological levels, but the drop to 2300-2350 allows to find new buyers at relatively cheap prices. From Saturday to Sunday the next and not unimportant armed conflict between Iran and Israel is developing, which in general can affect the prices of commodities and futures quite strongly. On H1 the price is declining to the trend support and is testing the liquidity area of 2330-2350. In all likelihood, the market may open with a gap on Monday amid the crisis in the Middle East. The area below 2328 may still remain protected and play an important role in price formation. Resistance levels: 2354, 2400, 2428 Support levels: 2328, 2303 Fundamentally everything is quite complicated and not stable, Gold still plays an important role as a hedge asset and interest in the metal is getting stronger, the growth from 2300-2350 is likely to continue COMEX:GC1! TVC:DXY COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDLong
by RLinda
36
⚠️Bitcoin Can Dump By Rising Wedge Pattern⚠️🏃‍♂️Bitcoin is moving near the 🔴 Resistance zone($73,700-$71,800) 🔴. Above the 🔴 Resistance zone($73,700-$71,800) 🔴is also an important 🟡 Potential Reversal Zone(PRZ)($82,800-$73,700) 🟡. 📈From the point of view of Classic Technical Analysis , it seems that Bitcoin has succeeded in breaking the lower line of the Rising Wedge Pattern , and there is also the possibility of forming a Double Top Pattern . 📈We can also look at the Market Cap USDT Dominance% (USDT.D%) chart for a better analysis of Bitcoin. Yesterday, I analyzed USDT.D% for you. 📈 USDT.D% has succeeded in breaking the upper line of the Falling wedge, and this is good news, which confirms the breaking of the lower line of the Rising Wedge Pattern in the Bitcoin chart.👇 📈Also, the Market Cap BTC Dominance% (BTC.D%) chart will also be bearish and can help the fall of Bitcoin.👇 🔔I expect Bitcoin will Go Down at least to the 🟢 Support zone($69,000-$67,800) 🟢, and if it breaks, we can expect BTC will go down to the Support line and Fibonacci cluster. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
27
What to eat while trading Bitcoin? (2025 target)Trading Bitcoin doesn't have to be hard. With proper food, we can increase the probability of our trades. There is no secret that a large part of the Bitcoin community is on a carnivore diet (a meat-based diet). They believe meat, especially red fatty meat, is essential for human health and brain function as it contains hundreds of yet-undiscovered vitamins that cannot be found in plants at all. Meat is extremely easy to digest and does not cause any allergic reactions; in other words, meat is easily accepted as a fuel for our daily activities. Brain function is important in our daily lives, especially when it comes to trading. I will share with you the top foods that are best to eat while trading Bitcoin. It's important to not overcook your steaks, as nutrients get destroyed with heat. That's why many people prefer to eat medium-rare steaks. The carnivore community prefers to eat beef or lamb on a daily basis and they refuse to eat fruits or vegetables. 1. Japanese Wagyu - Wagyu beef is rich in these essential fatty acids, which help reduce inflammation, support brain health, and boost overall wellness. Wagyu beef boasts a higher concentration of CLA, a fatty acid known to assist in fat loss, improve lean muscle mass, and support a strong immune system. 2. Tomahawk / Rib Eye Steak - As a high-fat and high-protein food, a bison tomahawk ribeye steak is a good source of certain nutrients, including protein, iron, and B vitamins. It's an excellent source of protein and fat. 3. Liver - Liver is a super food no one talks about. Liver contains complete mineral and vitamins profile, so you don't need to take any other supplements if you eat it. It's recommend to eat liver on a weekly basis to support your body with all micro and macro nutrients. Liver is not an allergen, so it doesn't cause any issues to the human body. Liver is the most nutrient food that you can eat, especially in raw form. Let me know your thoughts, what is your favorite food?
Long
by Xanrox
40