Get started

Wedgebreakout

MXWUSDT on the hourly 🍑*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only* ========================================================== Found this one recently for a trading strategy for me (not HOLD). Using naked price action analysis: 🔸 Descending wedge (bullish) 🔸 Entered at 0.03, will exit near Fib 0.618. IMO this is gearing for another leg up, but watch for the pullback afterwards as expected. As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC. This is not Financial Advice. Good chat.🤖
MLong
by CryptoZani
20
JPM: Breakout to ATH again? JPM is starting to breakout here on the 4hr chart and is currently up about 2% on the day. We're breaking out of the wedge and it is trading above both moving averages. Monitoring to see if JPM can make a move towards $167, which is the all time high, 3%-4% upside per share.Also, it has hit FIB 0.382, the risky part that it might be a rejection in this wedge especially when market is flat or down. If it doesn't breakout this time, there is a potential that it will be in near future.
NYSE:JPM
by yflaw1018
Is this the time for a break out? or Is this just a retest?Looking at the current pattern of ETH, we can see that ETH is currently making an Ascending Broadening Wedge in its price action!!! According to research, this Ascending Broadening Wedge has a 79% chance of breaking towards the upside and 21% for breaking towards the downside... On that note, we can be quite bullish overall as breaking toward the upside more or less is a 4 to 1 scenario. But, also on that note... Will we see the breakout now? Or Will we see a retest of the wedge first? To confirm this, we need to look at todays candle as to gauge the strength of ETH... If it is strong enough, testing and breaking the 0.618 FIB level ($3360) pulled from the ATH to the lowest level from last months dip would be reachable. On contrary, if this is just a test, and there's not enough powder to fire up ETH, I am predicting my green line as its next support test ($2880). The green line is a minor 0.5 Fib level from the last correction ($2441) to the current high ($3342). Comment down below which one do you think ETH will do?? Thank you for reading
BITSTAMP:ETHUSD
by ZombieGod11
BTC Possible directionBTC USDT: Update, The ascending triangle formed inside of the big rising wedge A rising wedge is bearish, the ascending triangle is bullish, which one will be stronger? Now it looks like we broke down from this big rising wedge, but the lower support line of this triangle still holds... Breaking support of triangle would also be bearish, so we would have double confirmation of reversal to downside coming. We talking about chances here, but we should always have in mind that BTC knows to ignore this and to do something totally opposite...
by PhilosophersStone
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