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Wedgebreakout

DOTUSDT wants the new Higher High?DOTUSDT has recently had a breakout from a falling wedge pattern. A falling wedge is a bullish reversal chart pattern that is formed when the price is trending downwards but starts to converge in a tighter range. This pattern is characterized by a series of lower highs and lower lows that are connected by two trendlines that are sloping downwards. The breakout from the falling wedge is a bullish signal that the trend is reversing and the price is likely to move upwards. In the case of DOTUSDT, the price retested the daily resistance as support and started to create a series of higher highs and higher lows. This is a sign of bullish momentum and traders should be watching for further price action. The price of DOTUSDT now needs to create a breakout from the 6.9$ area to create a new higher high. A breakout above this level would indicate that buyers are in control of the market and the price is likely to continue moving upwards. Traders should be monitoring the market closely for any potential breakout above 6.9$ as it could signal a continuation of the bullish trend. Overall, the falling wedge pattern and the recent price action of DOTUSDT suggests a bullish reversal and traders should be monitoring the market closely for any potential breakout above 6.9$ to confirm the trend continuation, so 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. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
WAVESUSDT is testing the supply zone inside a rising wedgeThe price had a nice breakout from the descending channel on the daily timeframe. After the breakout the market had another breakout from the static daily resistance with volume on 1.8$ area. on 4h timeframe the price is testing the supply zone, the 2.5$ area is a key level for WAVES, and now the market is creating a rising wedge. A rising wedge is a bearish chart pattern consisting of two converging trend lines, with the first line connecting the recent lower highs and higher highs, and a second trend line connecting the recent lows. The resulting shape looks like a triangle that is angled upward. The opposite of a rising wedge pattern is a falling wedge. What's next? If the price is going to lose the local support and retest it as new resistance we could see a retracement until the previous daily support on 2$ area
W
by InkyGrip
6
USDCHF on a falling wedge 🦐USDCHF on the h chart is trading over a support area. The price recently moved out from the 2 narrowing trendlines that were creating a falling wedge. We see an accumulation phase and a possible move to the upside can be expected. How can i approach this scenario? After the liquidity grab over the support area the price started a move to the upside and will test the 1st resistance area. According to Plancton's strategy if the market will break above we will set a nice long 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. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
by InkyGrip
8
DOTUSDT is inside a falling wedgethe price is creating a falling wedge after a bounce on the weekly support in the 6.1$ area. After that, the market started with a sequence of Lower Lows and Lower Highs, a typic downtrend movement. Recently the price had a new breakout from the previous Lower Low, and retested the dynamic support of the Falling Wedge. How to approach it? The price could create a new LH, above the 5$ area in order to create a last LL on the weekly support to brave the liquidity. The weekly support is a key level for DOT, where the previous bull run started. Otherwise, If the price is going to create a breakout and new HH, we could apply MTB in order to follow the reverse movement
by InkyGrip
20
Ethereum breakout soonEthereum is creating a textbook wedge pattern, indicating a breakout soon. The only question remains, to which side? In my experience, these types of patterns are bad in prediction the direction of the next move. The way I use them is to guess on when the next move may occur. And as far as i'm conserned, we're nearing the end of this pattern, indicating we can expect something to happen this month. Now to give an indication for a direction: my bias is actually to the upside. We'll get a confirmation when the price is able to break the resistance zone. If we see a rejection, then the price is more likely to break bearish. Fetch Trends indicator may also flip to an uptrend by tomorrow, giving a higher probabilty the price will breakout to the upside. If you turn on the Fetch Trends indicator, and turn on the moving averages in the settings, then you're able to see that we may flip bullish tomorrow. You're able to find the indicator here .
COINBASE:ETHUSDLong
by FetchTeam
1
Tesla Broke Descending Wedge Tesla broke descending wedge pattern on Thursday, December 22, 2022. There is heavy open interest at the $130 OTM strike price expiring 12/23/22. The stock has the potential to tap the bottom of the descending wedge pattern (yellow line) and fall down into the $90 range over the coming months. Also, gap fill below $100. We will see if gaps fill. Disclaimer: Stratford Capital Partners' posts reflect the research and opinions of only the authors who are associated persons of Stratford Capital Partners Ltd. The posts are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the posts is not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Stratford Capital Partners Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
NASDAQ:TSLAShort
by atrusik