$AFRM - Retest At SupplyAfter having a wonderful breakout of it's falling wedge, $AFRM has come back to retest the supply zone.
This provides us with an awesome long opportunity. PTs : 113, 128.
Wedgebreakout
$DOCU - Coiling Under the GapThis ticker has the potential to make an extremely explosive move over the coming weeks. Price is slowly and steadily increasing while also tightening, meaning we're due for a move.
I'm biased to play this name towards the downside, but the volume gap above CANNOT be ignored. A break of 164 can aggressively send us upwards for the gap fill, resulting in some INSANE profits.
Will keep this one on the watchlist, and will let price dictate how I play it.
$AFRM - Falling Wedge Breakout$AFRM had a wonderful falling wedge breakout alongside a reclamation of a former support turned resistance.
I'm expecting this ticker to run over the coming days and weeks. PTs : 113, 128.
BTC / USD - Failed HS & Wedge Breakout Targets 80-84k -> ~100kBitcoin formed a head and shoulders on the daily and failed to materialize, providing us failed head and shoulders targets around 80-84 and 100k.
We can back up confirmation of our failed HS by where we stopped along the initial correction after moving up, right at the top of our left and right shoulders.
A secondary confirmation of the overall move was when we got a breakout of the wedge that had been forming, which also provides near identical targets.
A tertiary confirmation was just recently received when we successfully re-tested the top of the wedge that we broke out of.
Finally, provide these targets with fibs for confluence and everything lines up within the ranges drawn inside the red boxes shown on the chart.
*** Potentially, if we can actually make and break 100k, a stretch target (2x the length of our failed HS and/or our broken wedge) comes into play around 122k or so. ***
Best of luck with your trades, let's see if this bullish scenario continues to play out as suggested.
Other recent bitcoin ideas are linked below.
Thanks for reading!
$ETHUSD WEDGE REVERSAL$ETHUSD next Target PT 4,500-5,000 and higher
Potential Returns +28.40% and higher
WYCKOFF RE-ACCUMULATION WITH BREAK OUT
Fewer lower highs and lower lows
Breaking out of resistance with reverse pattern
SUPPORT AND RESISTANCE
WEDGE REVERSAL
SUPPORT LEVEL OF CONSOLIDATION
First resistance level of 4,000 was broken and bullish reversal was indicated
As a main target we can take next strong resistance to PT 4,500-5,000
$SHIB falling wedge breakoutSHIB is showing a potential falling wedge breakout.
MACD Crossover and RSI downtrend line breakout.
Looking good here if we see a close above that 0.000035-0.000036 area. Targets would be the 0.000048 to 0.000063 area.
This is what I'm seeing personally and as always do your own due diligence.
EURUSD WedgeThere is a wedge formation on the 4h and 1h on EURUSD. I will not predict which way it will breakout, as I am a reactionary trader and neither I nor anyone can predict the future. However if it breaks under or above support/resistance AND closes, then I will execute a trade in that direction until it reaches the next support/resistance.
DO YOUR OWN ANALYSIS, DO NOT EXECUTE A TRADE JUST BECAUSE A STRANGER ON THE INTERNET HAS A COMPELLING ANALYSIS>
HAPPY TRADING AND BE CAREFUL :)
Thanks,
Richard Blake
EGLD 4h Falling Wedge PatternFrom my analysis it seems we might have a falling wedge pattern indicating a reversal in trend.
Keep in mind that it depends also on BTC at this point that still influences the market.
If all works out a good entry level would be after $287. Wait for confirmation.
Good Luck!
Trendline Breakout - ITCLooks like ITC is heading towards a Bull run again after the announcement of "institutional and financial analysis day" on Tuesday.
MANAUSDT Descending Broadening WedgeLooking like a descending broadening wedge in the MANAUSDT 15min chart. Might see the expected breakout after this consolidation period which may end soon
BTC bearish breakdown to 44,500 at 50 week EMA?-BTC is now on a bearish breakdown from the short time frame wedge structure
-Downside target price based on wedge height is US$43-44k
-US$44.5k is the intersect of the 50w EMA so likely to be strong support
-Look for a wick down to US$43-44k and then for price to settle at US$44.5k
-If this level is not held, then the potential further downside risk is into the low 30s, so risk manage accordingly!
Bitcoin Battling With Final Resistance Before 64k - 75kThe price of the asset bounced from the 53k level, broke out of a falling wedge and is now facing stiff resistance at 58k.
IMO, once we cross above the current horizontal resistance, we will have little to contend with on the path to 64k and ultimately a new ATH at 75k.
Also notice the series of almost identical falling and rising wedges and how effective they have been in producing strong price reversals. Both RSI and MACD support further upward movement. See you at ATH folks!
Finally, this is just my personal view of the market... DYOR!
LTC broke out from thr 4 hr falling wedgeHey guys, couple days ago, I published a elliot wave cycle, saying LTC was about to start elliott wave cycle, LTC formed a falling wedge and just broke out from the falling wedge. Now we need a solid candle to stay above it. That is a good news. It might signal that the 4th wave might have completed or has almost ended and 5th wave is about to start soon. Please refer to my earlier for LTC if you interested.
AVAX can it pop out of this wedge and rally?Just an idea, waiting for some volume and price action to see if this is a possible spot to go long with AVAX
$AMC - Weekly Swing Trade OpportunityWe've got a very simple trade thesis today! AMC has been consolidating for the past five months after it's insane run to 72$. After such long consolidation, we're finally nearing the end of our wedge, meaning AMC is primed to make a large move to the upside OR downside.
I will be eagerly eyeing this ticker, and will play a break to either direction as I've got no personal biases. Regardless of the direction, the move will be explosive. Have your alerts set!
Start Accumulating SKL !!!A huge Wedge Pattern has been formed in SKALE. Start accumulating to make HUGE Profits in the future.
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!
💡Don't miss the great Sell opportunity in XAUUSDWe came out of a wedge and followed Pullback's pattern, expecting to have a correction of at least $ 1833. The hourly and daily time frames also confirm our movement.
I will be happy to support me with your likes and comments.
Be ware of $ONE 3rd EW ()ONE is on the second wave of Elliot
You can get one at 0.273 - 0.284
Going for the 3rd wave really soon
TP 1 : 0.35
TP 2 : 0.40
TP 3 : 0.50
P.S : Please beware of Risk Management and Money Management before trading
BA Weekly Options PlayDescription
BA gapped out of the pattern, a strong signal, and made a nice bullish candle on strong volume.
We'll be looking for this move to continue.
Related idea linked, almost entered on friday, but didn't quite cut it.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 235C
SELL
11/19 255C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed at a reasonable expected level of price within the expiration time.
The front-week options play is to capitalize on a swift movement following the break.
Manage Risk
Only invest what you are willing to lose
SHIB to blast againPrice consolidating in wedge.
Breakout is near..
As per chart pattern 75% upside movement expected..
Shib is too volatile...Trade in less quantity...
BFLY coming out of it's cocoon?Had not heard of this company until today. Technical set up made me do a quick look at the company. A transformation makes sense to me.
Earnings this week
Cutting edge COVID testing technology
Bullish market conditions
