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Wedgebreakout

Alibaba - Finally The Trendline Breakout!Alibaba ( NYSE:BABA ) finally broke above the bearish trendline: Click chart above to see the detailed analysis👆🏻 Alibaba is breaking out and the breakout is not unexpected whatsoever. For a long time, Alibaba has been hugging the resistance trendline and finally managed to fulfil its destiny. This could very well be the bottom of the bear market and the start of something big: new all time highs. Levels to watch: $115, $80 Keep your long term vision, Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
6
$JD Potential Reversal: 2-Day DB, Descending Broadening WedgeOverview: JD (JD.com Inc.) appears to be forming a compelling technical pattern that suggests a potential reversal. The stock has developed a 2-day double bottom pattern, coinciding with a falling wedge setup, all occurring within the confines of a major descending broadening formation. Traders and investors should closely monitor these key technical levels for potential bullish momentum. Key Technical Observations: Double Bottom Pattern: JD has established a clear double bottom pattern over the past two days, a classic reversal formation characterized by two distinct lows at approximately the same price level. The first low was set , followed by a second low , forming a W-shaped pattern. Falling Wedge Formation: A falling wedge is currently in play, with converging trendlines forming lower highs and lower lows. Falling wedges are often indicative of slowing bearish momentum, and a breakout to the upside could signal a reversal. Descending Broadening Formation: The overall context involves a major descending broadening formation, marked by expanding price volatility within a downward trend. This formation could imply a period of uncertainty and potential for a reversal as the pattern reaches its apex. Potential Trading Strategies: Entry Points: Conservative traders may consider entering long positions upon a confirmed breakout above the upper trendline of the falling wedge. Aggressive traders might explore entry opportunities near the lower trendline, anticipating a bounce within the descending broadening formation. Stop-Loss and Take-Profit Levels: Establish a stop-loss level below the recent double bottom, ensuring protection against a potential breakdown. Identify potential resistance levels within the descending broadening formation as initial take-profit targets. Confirmation Signals: Confirm the bullish reversal with increased volume on the breakout from the falling wedge. Use additional technical indicators, such as RSI and MACD, to validate the strength of the potential reversal. Risk Considerations: Trading involves inherent risks, and it's essential to manage risk effectively. Be cautious of false breakouts and monitor market developments closely. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always conduct thorough research and consult with a qualified financial professional before making trading decisions.
NASDAQ:JDLong
by STP_MrNodeItAll
📈 $ARUSDT Two-Week Falling Wedge Spotted! 📉Hey traders! I've identified a potential falling wedge pattern on the ARUSDT chart, observed on the two-week timeframe. Let's explore this setup and see what it could mean for potential trading opportunities. Here are the details: 📌 Ticker: BINANCE:ARUSDT 📌 Pattern: Falling Wedge 📌 Timeframe: Two-Week 📊 Chart Analysis: BINANCE:ARUSDT has formed a falling wedge pattern on the two-week timeframe. This pattern is characterized by converging trendlines with lower highs and lower lows. It often suggests a potential bullish reversal. 📈 Potential Bullish Scenario: If BINANCE:ARUSDT breaks above the upper trendline of the falling wedge with a significant increase in volume, it could indicate a potential bullish breakout. Traders may anticipate a price rally and consider long positions. 📉 Alternative Bearish Scenario: In the event of a breakdown below the lower trendline, it may invalidate the falling wedge pattern, and a bearish continuation becomes a possibility. Traders should remain cautious and monitor price action closely. 💡 TradingView Analysis: For a more detailed analysis, check out the BINANCE:ARUSDT chart on TradingView 🔍 Join the discussion and share your thoughts on this setup in the comments below! Are you watching BINANCE:ARUSDT ? 📣 Don't miss out on the latest trading insights and setups! #ARUSDT #FallingWedge #TechnicalAnalysis #TradingView #CryptoTrading #TradingSetup Disclaimer: This is not financial advice. Always do your own research and consider your risk tolerance before making any trading decisions. Happy trading, and may the markets be in your favor! Professor Node It All
CRYPTO:ARUSDLong
by STP_MrNodeItAll
1
ALGOUSDT needs new liquidity for the reverse trade The price lost the monthly support and now the price is going to create a falling wedge on the monthly support. The price had a false breakout from the falling wedge and it got new liquidity for a bearish impulse. On the 4h timeframe the price is testing the support above the demand zone. How do you approach it? IF the price is going to have a breakdown from the 4h support and grab new liquidity, tra According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
ROSEUSDT is going to create a falling wedge The price had a huge bearish impulse, bounced on the weekly support on 0.3$ and had a new breakout. The price retested the previous support as new resistance and the market went to test again the previous weekly support on 0.2$. Connecting the lows and the highs, the price is creating a falling wedge exactly on the weekly support. How to approach? We are monitoring the price, we could see a double bottom on the weekly support. IF the price is going to have a breakout from the falling wedge and 4h resistance, and turn the previous resistance into new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
AUDIOUSDT is creating a falling wedgeThe price is creating a falling wedge on the daily timeframe, after a bounce on the weekly support. On the lower timeframe, we can see that market had a breakdown from 4h support now new resistance How we can trade this scenario? I'd like to see a breakout from the falling wedge and 4h resistance with volume, Wait for a successfully flip of 4h resistance into new support. If that WILL BE THE case we ARE GOING TO apply our Plancton's rules and look for a new long position. Beware of weekly resistance (red one) because the price could get a rejection. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
6
WISH - Possible a rebounce today. 1H chart RSI oversoldHi All, my main 3 take-outs from this analysis are the following: 1- The hourly chart shows RSI in oversold territory with high chances of a rebounce 2- Price might be retesting the resistence at arund 4.60$ in the next days 3- Still valid the possibility of an upward breakout of the descending wedge shown in the daily chart Not a financial advice, just personal opinion. Do your own due diligence and good luck!
WLong
by FrancescoMerlettini
3
XLMBTC is creating a falling wedge 🦐XLMBTC is creating a falling wedge on the weekly support. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
LTCUSDT is testing the daily resistance after a breakout LTCUSDT is testing the daily resistance after a breakout from a falling wedge. According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
18
VETUSDT is testing the weekly resistance 🦐VETUSDT is testing the weekly resistance inside a rising wedge. IF the price is going to have a breakout and retest the previous resistance as new support, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
14