Wedgebreakout
JPM double bottomDouble bottom with divergence on MACD, RSI and Stochastic with 61.8% Fibonacci support from the bottom of the corona crash. Compared to the index finances are looking a lot better with JPMorgan Chase & Co. and Citigroup leading the way. Breakout of falling Wedge pattern shows a great opportunity for a Long position.
Possible wedge pattern for BTCIn this scenario, BTC has been forming a massive wedge over the past year, overcorrected back into the wedge, and will be having a massive breakout over the next year. It feels like a stretch, but it is definitely there as a possibility. As long as BTC holds the current support range, I would say this may be validated.
Too many patterns but one result Hi everyone,, this is how i see the audusd this week ,
We got 3 patterns all of them bullish ,
Everything is explained on the chart , along with a simple forecast,
If you like the idea give it a thumbs up ,,,
Trade safely,,,
Bitcoin saved by 29k support yet again!Good Evening Traders,
I am back after TV banned me for a week. Apparently, I broke house rules by referencing a site I maintain outside of TV. Anyways, I had put out the following post to all my other SM sites this morning and it is still valid.
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I put out a potential short trade opportunity on BTC yesterday if we dropped below the 29k mark and confirmed on the 4hr. We dropped below 29k but we did NOT get confirmation! Therefore, no trades should have been executed. Now, the priority now shifts upwards. You can see resistance overhead with the 50 candle m.a. (now conquered), 30k resistance (now conquered), and the top of our adjusted triangle (adjusted due to recent price action). If we fail to break the upside of this triangle drawn on our 4hr chart, the priority shifts downwards once again. Watch closely. As always, almost all trades in the crypto space should hinge upon BTC price action and trajectory.
-Stewdam.us
LUNA looking to break out of wedge within a wedgebig move coming here soon, one direction or another.
Nifty Weekly AnalysisNow Nifty forms a Descending Broadening Wedge pattern and also near to key zone which is the previous level of support and resistance its took support in this level but still its doesn't took a pattern support my assumption is
1. Took Key Level support and Give a pattern breakout
2. Took key level support and also took pattern support and then the market turned into bullish mode
3. Rare possibilities are its broke the key level + pattern low line then the market goes into the sell zone
BTC 34-35k Rally, Crash AfterIm speculating that Bitcoin will make a short rally into the 34-35k zone. Once it hits this zone I believe we will see the bears takeover, this wedge setup that is being created backs up my idea. Along with BTC rising to 34-35k, we will see a short increase in SPY, QQQ, AMZN, TSLA, and other major companies. After this short increase I honestly think the market will crash... stocks and crypto. I will be heavily shorting SPY, BTC, and US30 once the market rises towards the zones I have set. BTC: $34k, SPY: $415, QQQ: $315, AMZN: $2700, TSLA: $820. US30: $34k. With inflation increasing and home prices rising, I see a market crash coming... who doesn't lol.
Google Price Target $300 (after split) More than Double!Technical Analysis:
-Bouncing off bottom of Bullish ABCD Pattern
-Breaking above top trendline of downward trending megaphone pattern
-MACD & RSI curling up out of oversold territory.
-bouncing off Demand Zone created May 2021
Fundamentals:
-Tech goes up when interest rates aren't going to rise as much as thought
PE: 20.99
-New Watch to pull from Apples market share, Google Lens progressing integration w AR/VR
-Youtube moat growing
-Adwords valuable targeted ad spend for large & small companies.
-Drive increases cloud revenue
-Best robotics & AI company
Current : $2321.01 = $116.05 post split
PT : $300 = $6,000 pre-split
'19 Q3 Earnings: $15.35 Price 1 wk later: $1,534 (NORMAL)
'22 Q1 Earnings: $30.69 Price 1 wk later: $2,700 (UNDERVALUED)
GRTUSDT Ready for the breakout?The price is testing the demand zone on 0.26$ below the monthly support on 0.29$.
On the daily timeframe the price is creating a descending channel, and now the price is creating a falling wedge inside it.
How to approach it?
We need to wait the clear breakout from the supply zone at 0.35, where the market has the dynamic and static resistance.
IF the price is going to have a breakout According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
BNB/USDT WEDGE BREAKOUT
Wedge breakout occured.
We got a nice volume as we desire.
RSI resistance is broken.
Price also crossed up the Fibonacci retracement level 0.618
The setup will be more reliable if it crosses up the 4h 200 period SMA, the red one.
You can hit the like button if you want to appreciate my work and motivate me.
BTC : Correction till 42000$Hi every body
I see a wedge
I see the end of wave 5 (wave yellow)
i see the end of wave 1 and start wave 2 (wave blue)
so i think we are in wave 2 and i expect a correction wave
If price break resistance 39200$ (R1) then 41000$ and 42000$ could be our next resistances
AirBnB breakout in the worksHello Friends!
AirBnB had a great earnings report and seems to be leading the way in travel. There might be a good trade in the works to break to the upside (wedge breakout) to it’s 1st resistance of $174.52. If it can hold above that level, I think it might have some steam to go after $189.41 and $204.96.
These days good news can flip to bad news overnight, trade with caution.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
GBPJPY SHORTGBP/JPY Short
From a technical perspective, there's a high probability that price will reject our entry zone and drop to our bearish targets.
$RNDR - get ready for the wedge breakoutRNDR has been ranging in this wedge in the last 2 days - which could also be seen as a bullish flag to be honest
if we see a breakout to the upside, we can expect a good rally to the following resistance around $2
locally bullish on RNDR if we see a good breakout
what do you think about this?
MATICUSDT is testing the key level! 👀The price is testing the monthly support on 1$ it's a historical and key level.
As you can see the price got liquidity for a bounce on that area and now is going to retest the previous demand zone as new supply zone.
How to approach?
The price found ave a rejection from that area with a new bearish impulse until the monthly support again. The scenario is invalidated if the price is going above the 1.3$
4H timeframe: forming a falling wedgeBitcoin broke the trend line support. But the question is: Is this a breakdown or a trap?
This breakdown cannot be confirmed at this time. On the other hand, it can be seen that Bitcoin has formed a falling wedge pattern. The TSI indicator also shows a positive divergence. Looks like this could be a trap and there is a possibility of a break-up of this wedge. In this case, you can expect a local top.
To confirm or reject this hypothesis, one must wait for the wedge pattern breakout
Bitcoin short-term view - BTC in rising wegdeBitcoin short-term view - BTC in rising wegde
A breakout to the downside more likely - target can be $36.890 - a volume support from January.
Would be interesting to see the reaction at $37.300 - the important monthly price level (see my other ideas and tweets).
But maybe now its time for another Crypto surprise.
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Call Option Setup *ATER*Speculating that ATER will break 5.20 resistance and move up towards $6 a share. Im looking to buy a $5 call option expiring 4/29. A perfect wedge is being set up, good buy oppurtunity in my eyes.
AAVE USDT BULLISH EMERGINGHourly to Daily Chart
RSI Momentum from Support Line down at 150
Next Resistant is 200 then 300
Possible good Entry point lower 150s
ENJUSDT is creating a dalling wedgeThe price is testing the daily support on 1.3 inside a falling wedge after a rejection from the 4h resistance. Daily support is a key level.
On the bigger picture, we can spot a demand zone above the weekly support on 1.176$
How to approach?
the price could have a pullback until the previous 4h support now resistance on the dynamic resistance as well. If the price is going to have a rejection, we could see a new bearish impulse until the weekly support. The scenario is going to invalidate if the price is going to have a clear breakout above 1.4
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
LUNA/USDT : Moving into a formed falling wedge ! BINANCE:LUNAUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$LUNA has formed a falling wedge which is bullish in majority; But as we all know, The leading bias on market is bearish.
Also $LUNA is moving above a critical S/R zone and it's important to hold!
That's why the chart comes up with two possible Scenarios...
📈 Bullish Scenario : If $LUNA breaks above the wedge, Then the terms for bulls will comes up with a bullish continuation; But it need to break above the $92's S/R line for further movement!
- You can locate your Longs on a proper retest of $92's broken line towards $98's resistance zone.
📉 Bearish Scenario : If $LUNA breaks below the wedge, Then the terms for bears will comes up with a bearish continuation; Also on the Wedge's rejection, We'll face the S/R zone's rejection neither.
- That makes this opportunity for Traders to located their Short on a proper retest of broken points ( Wedge or Zone ).
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
EURO - Wedge to a bull trendEURO - Wedge to a bull trend
hello everyone
As I have mentioned before In my previous analysis, we have a wide divergence and we can have a reverse pattern by the end of the week ( double bottom ideally). I expect to see a good bull bar with almost no shadow on ether side on daily.
The last week's candle closed with a long shadow and a small bear body that can be the end of selling pressure hopefully.
our resistance level is 1.09$ and our support level is 1.078$, and I expect to have the price touches our resistance level by the end of this week.
