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Rising Wedge

AUDCHF ↘️ Rising wedge pattern analysisHello Everyone 🙋🏽‍♂️ As we could see at the end of the Ascending channel, The price isn't crossing the zone 0.58700 and the rising wedge pattern is braked and retested the price is going down now . be ready We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
Short
by EMA_Trading
STMX/USDT 4-hour short trade opportunityBINANCE:STMXUSDT STMX/USDT 4-hour short trade opportunity The price has been rejected twice at the rising wedge pattern and is now testing the horizontal level (HL). The weakness in price momentum and bearish divergence confirms that a sell-off is likely in the coming hours. Overall, this is a Bearish setup for STMX/USDT, and a Short position could be considered. Please note that this is not financial advice, and you should always do your own research before making any investment decisions.
Short
by ChartsInsights
Bitcoin - Price in 2025 revealed! (Take profits here) The price of Bitcoin will be 120,000–130,000 USD in Q2 2025, according to my technical analysis! There is a strong confluence to sell Bitcoin here, and a lot of people will do it, so make sure you take profit in the next bull run. First of all, this is an analysis of the weekly chart on a linear scale, not a log scale. If we take the Fibonacci extension from the end of the previous bear market in 2018 to the end of the previous bull market in 2021 to the end of the previous bear market in 2022 (dashed white line on the chart), we get really interesting numbers! The most likely is the 1.618 FIB extension, which is 122,011 USD! But we also need to take the 1:1 FIB extension into consideration because this is also a strong resistance, but only for a short-term bounce. We also need to take a look at trendlines. In this case, the trendline from 2017 to 2021 gives us a projection for the next possible touch. It should be in 2025, and it's also around 125,000 USD! If you find this analysis helpful, hit the like / boost button right now! There is not too much place on the chart anymore, so let's do more data in one of my next analyses! But what I also want to mention is the time variable. 1428 days +/- was the duration of the bear cycle and bull cycle between 2017 - 2021. If history repeats itself, then the bull market should end in October 2025. And I cannot forget to also take the Elliott Wave analysis into consideration. It works really well on Bitcoin, and wave (1) + wave (2) should be completed. We already started wave (3), which is usually the strongest! So I hope you look forward to the upcoming price action. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
158
Rising and Falling Wedges ExplainedWelcome to the world of trading patterns. If you appreciate our charts, give us a quick 💜💜 Today, we'll explore two important ones: the Rising Wedge and the Falling Wedge . These patterns can signal shifts in market trends. Let's dive in and see how they work. Rising Wedge: In an uptrend, the Rising Wedge hints at a bearish turn. It takes shape as prices find a middle ground between two upward-sloping lines, one as support and the other as resistance, both inching closer. As the price inches towards the wedge's tip, its upward push tends to fade, suggesting a potential shift to a downward trend. Your sell signal triggers with a bearish break beneath the wedge's support. Set a stop loss just above the wedge's highs. Aim for the next significant support level. Falling Wedge: Unlike the Rising Wedge, the falling wedge spells optimism in a downtrend. It emerges as prices consolidate between two downward-sloping lines, one providing support and the other resistance, both drawing nearer. As prices approach the wedge's apex, the downward momentum loses steam, hinting at a potential shift towards an upward trend. Your buy signal activates with a bullish breakout beyond the wedge's resistance. Place a stop loss just below the wedge's lows. Target the next notable resistance. Feel free to let us know your thoughts and if you have any questions. Your feedback is valuable and helps us improve. Happy trading!
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Education
by Vestinda
21
A Bearish View of ETH Indicates a Deep CorrectionIf we look at INDEX:ETHUSD from a bearish perspective, it shows potential for significantly more losses. There is a rising wedge that has 1x and 1.5x targets around -720 and ~520 on the logarithmic chart. The linear chart's rising wedge targets ~350 or near to the log chart's wedge target's 2x measured move down, which lies just above around ~375. The lowest targets sub 400 also line up with the lower trend, or the dashed orange line at the bottom, which could be seen as a channel that hasn't yet re-visited channel bottom since making highs. Should we see a bearish exit of the rising wedge, I expect we'll visit that sub-400 area, possibly even wick below 300. All that said, there's also a case to be made for a bullish expanded flat here, but that's not what this post is about. I would expect this bearish scenario to be more likely to occur should TVC:DXY continue up beyond 105-106 -> 112, without an extended move back down to support areas around 98-101 or lower.
COINBASE:ETHUSDShort
by dudebruhwhoa
4
EURCAD → Symmetrical triangle may continue the trend FX:EURCAD forms an interesting set-up, which in the medium term, if the right scenario is realized, can continue the previously formed bullish trend. On the chart, I noted a symmetrical triangle, which is developing within a global flat formation after a prolonged growth of the currency pair. Another resistance retest still cannot break the resistance, the price will form a correction and local consolidation. It is possible that the price may form a small correction to the support at 1.4656. From the mentioned level may be followed by another rebound and further growth. But, the forming local consolidation near the triangle resistance may also lead to the breakout of the figure resistance, consolidation above the line will be the confirmation of the buy signal. Also we should not forget that the price, on the background of unpredictable events, can break the support of the figure and in this case the price can quickly reach the support at 1.44894. Resistance levels: the upper facet of the triangle, the level of 1.4771. Support levels: support of the figure and 1.4656. In the long term, I expect a breakout of resistance and further growth, but the opposite scenario may follow, when the price may break the support. Regards R. Linda!
Long
by RLinda
13
💱EURGBP - symmetrical triangle. What's next?EURGBP is forming consolidation. Two scenarios can develop in relation to the symmetrical triangle: breakout of resistance or support TA on the high timeframe: 1) A bearish trend is formed. The price forms a pre-breakout consolidation around 0.85200 2) False breakout of liquidity area, price may reach 0.85300 area in the nearest future. TA on the low timeframe: 1) Symmetrical triangle, price bounces off resistance and may soon test support at 0.85300 area 2) A rebound from support is also likely. 3) It is actually difficult to trade inside triangles. It is best to wait for a breakout of one of the boundaries and open a trade in the direction of the breakout Key support📉: 0.85300 Key resistance📈: 0.86000
Short
by Gold-Tech
3
BTCUSD: A Bearish Deep Gartley Has Staged BTC to Return to $6065This is a followup to the previous Bearish ABCD trade; BTC has officially with PPO Confirmation, has reversed from the PCZ of the Bearish ABCD to which I later realized the ABCD was part of a much greater Bearish Deep Gartley, and now we are below the 200-Day and 200-Week SMAs along with that we have broken below the demand line of an apparent Rising Wedge Pattern all at a 23.6% Fibonacci retrace which is a very shallow and weak retrace to have this all occur, but that only means the move back down will likely be much deeper and stronger. We can consider what we initially got at the 0.786 PCZ of this Cypher as a Type 1 Reaction, but now it appears that price has been preparing itself to make a Type 2 Return, that will most likely take us to the Cypher HOP levels this time around which would land us at around $6000 once we hit that zone I will look for signs of Bullish PPO Confirmation before then anticipating a V-shaped recovery that should take us to new all-time highs. There of course is a scenario in which instead of making a lower low to the HOP we just bounce back up again at around 16k and that was where my previous projection took it but upon taking in more of the weekly data I have concluded that 6-4k is more likely especially if we start getting super fast movement down week after week but if it is instead a more calm decline that gives us a clean double bottom with some PPO confirmation around 16k instead then I will jump in early; until then I see 6-4k as the most likely target. For reference, I have included the link to the original Bearish ABCD chart and projection below as we may swap back to the original projection depending on the price action we get leading to both the original 16-12k Target and the new and current 6-4k target:
CME:BTC1!Short
by RizeSenpai
BTC QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. After the positive news of Grayscale's wins against the SEC, the market broke the long boring range. But the question is, is this enough to start a bullish rally? Let's find out.... As you see in the chart, BTC is forming a rising wedge-like structure in the daily time frame and it broke down. Now looks like it is going for a bearish retest. We have a very strong resistance at the $28k- FWB:29K level. As of now price showing initial rejection from this level but in the short term we might see another test of this zone and after that real fall begins. Overall the structure looks bearish. In the short term, we might see some greenery for a few days and after that another dump. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
7
Ethereum - 76% crash to 389 USD! (must see, bear flag) My analysis shows an impressive crash is prepared on ETH after 427 days of consolidation in this bear flag on the weekly chart! It was a long time, and ETH has been going pretty much sideways. Now we have to expect huge volatility! The trendline of the bear flag is clearly breaking down with an ABC Elliott wave corrective pattern, which strengthens the bearish bias. It also looks like a wedge, but a wedge should have a 5-wave structure (a leading diagonal Elliott wave pattern). So this is a bearish pattern, and a 76% crash is absolutely coming in the next few months. You probably don't have too much time to think about what to do with your investments, but consider if you can handle a 76% crash on your spot or futures holdings. My recommendation is to sell, as it's too risky to hold it, and buying cheap ether later in 2024 is definitely juicy! Now what is the target, and where will the bottom be on ETH? We have a strong confluence at 389 USD and 387 USD because this is the Fibonacci 0.618 level of the previous bull market on the LOG scale and also because this is a 1:1 Fibonacci extension from wave (A) -> wave (B) of the current bear market! What's more, we have a first point of control over the volume profile, which you can see on the left side of the chart. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. As you know from my previous ideas, I expect Bitcoin to hit 10k next year. What would be really weird if BTC dropped and ETH rose? So 10k on BTC and 389 on ETH are my targets. I also checked more altcoins, such as DOGE, SHIBA, XRP, and LTC, and none of them looked bullish. The best is to stay in USD. Write a comment with your opinion, because I look forward to it! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
112
USDCHF → The currency pair may break through resistance FX:USDCHF continues to strengthen within the ascending triangle. The price is retesting the trend resistance. What can happen? As we can see on the chart on the bottom left, the currency pair is forming a consolidation relative to a strong resistance area. The mentioned accumulation, when moving to the phase of implementation is able to change the direction of the trend, in this case, the global downtrend will begin to change its direction following the dollar index. DXY breaks the key resistance and on the basis of fundamental factors begins the implementation of the strengthening strategy. The USDCHF currency pair may go to 0.89088 if the resistance of the descending channel is broken. Support levels: 0.87779 Resistance levels: 0.88133, 0.88250 I expect a small bounce from resistance and further retest of the area, which may break the resistance and trigger a rise in the market. Regards R. Linda!
Long
by RLinda
18
Bitcoin - will crash to 10,000! (Proof here) 10k in April 2024? This is not sci-fi, but a real scenario that is probably going to happen! Make sure you are ready for what is coming. In this analysis, I will tell you all of the reasons. Bitcoin is extremely weak compared to the stock market or gold. While gold almost hit an all-time high, Bitcoin is near its low from November 2022, which is 16K. The current price of Bitcoin is 26k, and the previous all-time high was 69k. Compared to gold, Bitcoin should be worth 60k at this moment, but it's not. A few days ago, we had a massive sell-off, not only on Bitcoin but on all altcoins. The charts on the majority of altcoins look absolutely bearish. We have entered a new bear market. No coin from the high-cap category looks bullish, to be honest. From a technical perspective, the price is now below the 200-week simple moving average and also below the 20-month simple moving average. The bulls are not strong enough to sustain the uptrend, so it looks like the bears are in full control again, and it can be really nasty. I can see another 70% crash on DOGE and SHIBA. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. 10k is definitely a strong support that should hold! I believe this will be the bottom on Bitcoin because we have the 0.618 FIB retracement and the neckline of the head and shoulders pattern from 2020. On the chart, you can see my Elliott Wave count. Pretty much every Elliott Wave trader has bullish and bearish scenarios prepared. This is clearly my bearish scenario. Bear market 2022: impulse wave 12345; bull market 2023: triple three WXYXZ; bear market 2024: impulse wave. We can complete the ABC correction in April 2024. Let me know in the comment section what you think about a crash to 10k! Are you prepared or all in? Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDShort
by UnknownUnicorn2537518
167
💱EURCAD - Symmetrical triangle before the impulseEURCAD stops near strong resistance and on the background of bullish trend the chart is forming a pattern that can form both upward and downward momentum TA on the high timeframe: 1) Globally, a bullish trend is visible, but before strong resistances the price stops and forms consolidation 2 Consolidation is forming between key liquidity areas TA on the low timeframe: 1) A symmetrical triangle is formed against the background of a bullish trend 2) Positive aspects of this pattern are that it is clear where to open trades (border breakout). 3) But, at the same time, in a bullish trend the price can break the support of the pattern and we will see a correction. 4) It is not important for us which of the borders will be broken, we need to wait for a signal, and it will be a breakout of the border with subsequent consolidation below or above the line. Key support📉: lower triangle boundary, 1.47000. Key resistance📈: upper triangle boundary, 1.47978
Long
by Gold-Tech
6
Bitcoin is starting to crash to 20,330 USD! (emergency) The major uptrend from 15500 to 32000 is over, and the bears are stepping in! I expect 20330 to be hit in the next few weeks, so make sure you are prepared for it! We can clearly see that the major trendline / parallel channel is breaking down! The price is below the trendline, and what's more, if we take a look at altcoins such as ETH, it confirms this analysis! We have finished the first cycle (1) of a huge (1)(2)(3)(4)(5) impulse wave. Now we are in cycle (2), which will send the price of Bitcoin to 20330, according to my technical analysis. Why 20330? We still have the unfilled CME GAP, which you know because I have been talking about it for more than a few months. Also, we have the 0.618 FIB retracement in confluence. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. From the Elliott Wave perspective, waves marked as (1) have usually deeper retracements, such as 0.618, 0.764, or almost 1:1. It also tends to fill previous gaps because breakaway gaps usually appear when wave (3) starts. It took 234 days for wave (1) to be completed. Compared to the stock market or gold, Bitcoin is struggling this year. Gains were overall pretty low. Bitcoin has been going sideways for a long time, and the direction is unclear. The volatility index on Bitcoin is at extreme lows, so a big move is expected! A big pump at the current price doesn't make too much sense. But a big dump is definitely on the table. Let me know what you think about BTC in the comment section! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
243
BTC: AT DESICIVE POINT!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is still at the same range of FWB:29K level. It is forming a rising wedge-like structure in the daily time frame and currently, at the lower trendline of the wedge. If it breaks down from here then expect a big dump in the next month. If it holds the lower trendline and bounce then we might see another small pump up to FWB:31K -$32k but this scenario is less likely IMO. We have strong support at around the FWB:25K level. So there is a high chance that we visit the FWB:25K level before any big upside move. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
2
XRP - Time to buy for a 500% profit! (now) XRP is currently retesting a major trendline from 2022, and this retest is exactly where you want to buy this coin! This trendline is also part of an ascending parallel channel on the daily chart, which strengthens the support. What's more, we have had a strong 0.618 FIB retracement on the LOG scale. We hit this level almost to the dollar, so if you bought at this level, congratulations! I share my trades transparently and post trade setups privately. We also need to take a look at the volume indicator. Clearly, since the downtrend finished in 2022, the bullish volume is overwhelming. That's definitely positive, and XRP could reach much higher levels in the next few weeks and months! Now the most important question is: what is the profit target, and where do I take it? To answer this question, we need to take a look at the market caps of XRP and BTC. The current market cap of XRP is $33,134,349,311 and that of BTC is $574,121,632,744. The market capitalization of BTC is 17x higher than XRP! This means that XRP could theoretically make a 1500% profit and still be number 2. But be optimistic and stay with a 500% profit because it's possible that XRP will go through a 1-year consolidation period before another huge pump. So you want to use your money on something else if it happens. From the Elliott Wave perspective, this is really a strong setup. We have a nest (1-2-1-2), which is a bullish base. Now we are waiting for the 3rd wave to finish. XRP won the SEC case recently, and that caused a 100% pump in a few days. New developments are good and positive, so I don't see any reason why XRP should go down. We will take a look at all profit targets from a technical perspective in the next update on this post tomorrow. Thanks for reading! I hope you learn something new, and let me know your thoughts in the comment section!
Long
by UnknownUnicorn2537518
115