Buy Low Sell HighAfter the failure and exit from the increasing wedge, we see the price entering the consolidation range, where you can set your trades at the bottom and top of the trading range with confirmation in lower time frames.
Wedgebreakout
CARDANO ADA Possible BREAKOUTWhile the Market pumps, ADA stays in its Wedge.
Possible Breakout on the horizon though, its testing its Resistance line of the Wedge. Wait For confirmation in the Small Parallel channel or Daily closing above the Wedge.
Tesla showing signs of a possible bullish breakout
TSLA has been consolidating in a very slightly ascending wedge (possibly triangle) after a decent run up & is now currently looking at breaking out & heading for another rally towards a new high, possibly towards that 1k mark before losing steam
Watch for a successful close above the descending resistance for confirmation of successful breakout!
I've added 2 major areas of resistance to be aware of to consider profit taking
Will update as more data is available
*Symbol tags below*
Will be checking the crypto pairs for Tesla soon too ( BTC / USD / USDT / DOGE ) for further breakout signs
NASDAQ:TSLA
CAPITALCOM:TSLA
FTX:TSLAUSD
BITTREX:TSLAUSD
BITTREX:TSLABTC
FTX:TSLABTC
BITTREX:TSLAUSDT
FTX:TSLADOGE
COINBASE:BTCUSD BINANCE:BTCUSD INDEX:BTCUSD
BINANCE:DOGEUSDT
Eurcad long setup....Am waiting for the bullish breakout of the wedge pattern on the 4H to long this pair for at least 2.89R.....
Like and Subscribe.
Bitcoin short-term view - breakout of rising wedgeBitcoin short-term view - breakout of rising wedge
(a) but BTC is still in a bullish flag
(b) a second leg down to FIB50% and at price action support $21.595 possible
(c) a bullish divergence playing out would be great
Have a great day dear Crypto Nation
*not financial advice
do your own research before investing
BTC outlook for 18 July 2022. BTC respecting the strong support zone, following the wedge nicely. Currently BTC is making a nice bullish push towards the next resistance zone around 22,6k. If we can continue with this momentum and close above this strong resistance zone I believe BTC will continue pushing upwards to tests the next major levels around 26,7k in the near future.
TORO ENERGY: Breakout from 15 year old wedge pattern (This is a technofundamental idea. I assume familiarity with the uranium market fundamentals).
We can see a breakout from a large wedge pattern, going back as far as 2007. The recent pullback looks like a backtest of the wedge. A low risk entry point in my book, if you're looking to position into the uranium market.
Ascending Wedge forming on BTCA potential ascending wedge is forming on 1H BTC chart.expext BTC to drop from highest peak.you could see volume decreasing in the wedge as it builds higher highs which gives this pattern strength.good luck!
SUSHIUSDTI think it is very bullish, or do you have the same opinion!?!?!
If the corrective movement trend does not fall below the price range of $0.918, the possibility of forming an upward trend similar to the drawn scenario is not at all out of mind.
On the other hand, Ethereum and Bitcoin have not yet issued a signal for an upward trend!!!
As long as the loss limit is met, you can make a trade worth the risk and reward.
We would be very happy to hear your comments
US100 - Breakout from wedge patternPrice broke and retested wedge pattern and reacted on ascending trendline. From harmonic point of view possible some move up towards 78.6 or 88.6 Fibo of last bearish impulse to fulfill harmonic pattern.
Does the downward trend continue?As a reminder, I attached this educational image in the analysis
The famous pattern, the wedge pattern in the financial markets
BTC: QUICK rade for short term tradingHeres a quick trade for you short term traders scalpers or whatever
ON THE 15 MIN TIMEFRAME WE HAVE A BEARISH WEDGE (as shown on the chart
Entry 21.3k
TP:20.5k
Enjoy and go take a look on my other related idea.
You're all losers
Peace out.
Nice rally for BitcoinHello Friends!
Bitcoin had a nice rally out of this wedge pattern. Now it’s come to a strong resistance (green line). This resistance has been strong since April 2022. Strong break above .382 ($23,045) can potentially target $25,400. Break below .236 ($21083) might open the door to $20,500 or below.
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.
ETHUSDTCriteria:
1. Trendline restest after Breakout
2. Fibonacci retracement 50%
3. Supply Zone
4. Rising Wedge Target
5. Fibonacci retracement 78.6%
6. Bullish Divergence on RSI
Tp1: 1128
TP2: 1168
TP3: 1250
Bitcoin's Multiple Descending Wedge Setups provoking Rally?Macroeconomic backdrop::
With sentiment in markets rising slightly from peak fear, due to recession fear provoked significant pull backs in commodity prices. Providing a likely reprieve in expected rising inflation concerns. This might in turn, influence central bank interest rate decision makers, too slow the rate in which they hike rates. Although we can only speculate on their desired intensity to crush demand, growth and inflation. We can assume that some decision makers, will look for the right opportunity to ensure slowing growth rates globally do not over extend downwards. Likely pausing or slowing the tightening measure as inflation falls. This could provide the macro set up for a bear market rally to occur.
Bitcoin Long Trade::
In the short term we see a relatively small neutral wedge. The upside currently being tested at the time of this published idea. I believe that a breakout will occur to the upside, made viable by neutral to slightly rallying equity prices. The next significant resistance will be the bearish descending turquoise resistance line, that has been created from April and June significant rejections. This resistance line will be bolstered slightly by the falling 50 day moving average, which is lying close to this turquoise trend line.
Depending on the macro and equity set up at the time when/if BTC's price enters the orange circle area. Further progression to the upside or a strong rejection will occur. Although bear market sentiment might suggest the case for a rejection is more probable, a short squeeze could allow odd price action to occur.
This trade idea is enveloped in the larger descending orange wedge line. That might suggest a controlled further fall in this bear market. I believe that it will remain resistance if the global macro climate continuous to tighten, regardless of worries of over tightening and causing significant recessions.
Significant recessions might will naturally correlate with significant job losses. Further degrading global production levels and decreasing supply. It doesn't take a crystal ball or goats entrails, to forecast the enlarged social welfare programs that will arise to support the unfortunate of us that will lose our jobs, due to over vigorous tightening.
Best of Luck in your trading!
Very clear analysis on MSFT NASDAQ:MSFT
Huge Head and Shoulders pattern, and MSFT is now trading in a falling wedge.
The volume soared when MSFT broke through the neckline.
aldought a falling wegde is seen as a bullish pattern, the measured move for the Heas and Shoulders patterns is far behond where the pricec is now, so for now I am bearish on MSFT and actually almost everything. But once the price breaksout of the wegde maybe the sentiment would change.
When only looking at the daily candles there is a lot of noice and it could be kinda choppy. but I like to draw some simple lines, this gives a clear view of the situation.
We could maybe profit from this falling wegde, by placing orders when the price is at or near the border of the wegde, but be carefull, please see my post about channels, where I explain how to profit from this situation, I also explain the dangers of trading this strategy.
Have a nice day
This is no financial advice.
BTC outlook for 1 July 2022. Looking at how BTC closed off the daily bar yesterday we can see that BTC has formed a strong support zone around the 19k level which it has retested and respected multiple times. The 4h chart is showing a wedge being formed, I expect a break out to come soon and looking at the bearish momentum we have been experiencing my bias has to be bearish for the near future as well.
Bitcoin Bear Flag and WedgeAfter breaking down from a wedge with a 15.6k target ultimately, Bitcoin has entered a Bear flag which has a 20k target. We have technically had three high and three low touches on the bear flag on lower time frames but one was very close together. If this doesn't break down soon, then it could head to 21.3 for a final tap of the flag before we head lower.
Eurusd to short Eurusd reaching resistance in daily and raising wedge formed on 4 hours. Short on breakout of trendline
$TGT - Tightening WedgeOur wedge on the four hour chart continues to get tighter.
Can play a break of this in either direction.
Upside will likely be confirmed with a break of 144, while downside is confirmed under 137.
BTC LONG VIEW CHARTThis chart is so simple but in the same time so good.
In the last bear cycles:
-When the price droped below the 150 WMA (Weekly Moving Average) (blue) and tested the 200WMA (yellow) we had a couple of months in consolidation between this 2 WMA;
In this time of consolidation between the 2 WMA we also had an RSI indicator with oversold values (Order block on the RSI indicator);
And on 2018 bear market we had a retrace to the 0,382 level of FIB retracement , precisely where we are right now.
Curiosity
As well on 2014 Bear market we have now a falling wedge pattern in formation (Bullis pattern).
On 2014 the price broke down the support line of the falling wedge, Eventrough in the followng weeks the price came back to the falling wedge.
Which is curiously the same thing that is happening ritght now, the price broke the falling wedge pattern and next i believe , given the market analysis above and the similarity with previous bear cycles we are close to a bottom and in a Exelent time/zone for accumulating Bitcoin
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 🦐
