Wedgebreakout
Goodbye GME#gme has fallen out of an equilateral wedge, accumulation is at all time lows on daily, no float is actually a bad thing in this situation despite what WSB thinks, and finally it has laddered into an accelerated downtrend (marked in yellow), I have been loading puts for awhile, looks like this validates it, you can still easily enter this if you want, the game is over, next stop is the 160s.
P.S. to self titled apes, I was long gme too, in January, I took my profits towards the peak in Feb, that was the squeeze, I can't tell you what to do with your money, but personally I would exit while I could, if you still believe it is going to squeeze your few shares aren't going to make it happen, so take your risk off and if it rockets just get back on, it has to break back into the trendline heading up at the bottom of this wedge for that to happen. Live to fight another day is the key to this market. I wish you all the best.
AMP/USD Intra-day potential bullish setup
AMP looks to be forming a descending wedge & I'm looking for a breakout for confirmation of such
Previously I had a look on the Renko chart for AMP & noticed this potential breakout setup that could lead to the below idea playing out.
AMP has some potential for another swing up, watch for successful breakout & close above upper descending resistance for confirmation!
*Will update both AMP ideas with relevant information when available*
*Symbol tags below*
COINBASE:AMPUSD
POLONIEX:AMPUSDT
GEMINI:AMPUSD
BITTREX:AMPUSD
BITFINEX:AMPUSD
POLONIEX:AMPUSD
BITTREX:AMPUSDT
BITTREX:AMPBTC
POLONIEX:AMPBTC
BITFINEX:AMPBTC
Bitcoin will see 30K or lower againHi there, According to my last ideas I was bearish on BTC and nothing is still changed, I'm still bearish!
Reasons why I'm bearish on BTC:
1. Strong breakout of critical ascending trend line on 8 July.
2. Current bullish movement which was started from 32K is weak.
3. We had lower lows and lower high from 5 July.
4. Strong cluster resistance(35K), Dynamic and static resistance which is located in same place.
Note that: I'm bearish until 35K will be broken clearly.
Ask your questions, I will answer.
Your likes and comment are best thank u.
Good luck
Breakout opportunityMove up and close above $16.85 might open the door to a solid breakout and gapfill.
OPEN Breakout possibilityLooking for a close above $17.30 for a potential confirmation of a breakout.
VITEUSDT is creating a falling wedge 🦐VITEUSDT is creating a falling wedge on the daily timeframe and now the price is testing the daily resistance. IF the price will have a breakout from the wedge and retest the current resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order
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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.
⚫️ 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.
UFTBUSD has Broken Above the Falling Wedge
Welcome back Traders, Investors, and Community!
Hi Traders, UFTBUSD on H1 has broken above the Falling Wedge which is an uptrend pattern by a large green candle. It might go down to 0.628 before it goes up to 0.795
⬆️Buy now or Buy at 0.628
⭕️SL @ 0.578
✅TP1 @ 0.795
✅TP2 @ 0.933
✅TP3 @ 1.108
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
EOS broke out from wedge#EOSUSDT
$EOS broke out from wedge so after confirming resistance as support it will rally to $7 easily 🚀
buy here and around support zone
USDJPY bearish scenario:In this pair, technical analysis shows a technical figure Rising Wedge. The Triangle has broken through the support line on 09/07/2021. USDJPY forming a bearish formation on a daily chart. If the price holds below this level we will have a possible bearish price movement with a forecast for the next 38 days with a target of 107.69. If you decide to enter this position, experts say your stop-loss order should be placed at 111.66.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NFLX wedge breakout#nflx is breaking out on the daily of a descending triangle, I have marked first and second profit levels on the chart, first is 557 second is 586, I am in this heavy, good luck trading my friends, this is not financial advice.
KEEPUSD Potential Break-out TradePositive Looking setup, however, do your due diligence
Potential Break-out of the falling wedge:
1. 1 hour STOCH low above MA 200.
2. Decreasing volume on the falling trend, vice versa.
3. Green 1 hour Heikin Ashi candle
4. Hit 0.5 level on fib retracement
5. Improving MACD histogram on the hourly
FENG LongWeekly Wedge breakout + Consolidation
Entry 1.5
Stop 1.0
Target 4
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
WMT LongWMT can see a $10 push
- Holding on resistance and consolidating
- Edge of Wedge
- Ave low RSI
- Long on confirmed break of 141.01
- On rejection can move down to 136 levels
#LMND Breakout on daily#LMND Entrance at 113.31 breakout has confirmed, just waiting for a peak to be passed at that price level and then it will likely fill the gap from 119 to 126, that can be your first take profit, the second would be all the way up at 166. Option premiums look good, I would anticipate this movement to last 1-3 weeks, but it will move fast above that 113.31 level. Plot your stop loss to your personal tolerance. This is not financial advice.
#Alibaba wedge breakout attemptHey listen up my friends, #Alibaba #baba is attempting to breakout. My first take profit is 245 my second is 275 as there are strong peaks there, after that we likely test all time highs, this play is a week or two long play, options are cheap, scoop them up. Obligatory this is not financial advice yada yada.
Dogecoin will drop over 30% in coming days!Hi dear followers, According to last analysis on DOGE coin, This coin is moving in a big wedge and needs to re-test this support level again.
Doge coin broke out The wedge pattern and will fall over 30% according previous analysis.
Glad to know your idea about This analysis
Good luck :)
Bitcoin Slow And Steady ClimbIs this a dream, inside of a dream, inside of a dream? BTC loves playing with our emotions. It's having a field day with this one. This price action is coming in the middle of the night and furthermore, this is coming off of a confirmed H&S, as well as a number of other bearish patterns. Im not even going to try to guess the direction at this point, I'm just going to let the chart speak.
A keynote here is the smaller scale rising wedges have broken to the upside so let's see if it keeps doing the same.
Happy 4th everyone, have a GREAT day!
Watch Out for a Rebound on AUDCAD The AUDCAD established a Descending Wedge pattern, which in itself is demonstrative of a potential bullish rebound from its lower end. The likelihood of such a rebound taking place is bolstered by the fact that the Wedge appears to be bottoming out at the major support level at 0.92650.
Moreover, bullish pressure appears to be rising now that the price action has reached the lower end of the broader consolidation range, as underpinned by the Stochastic RSI indicator.
If the price manages to penetrate above the upper boundary of the Wedge, it is likely to then pull back before continuing to head higher. The first target is the 61.8 per cent Fibonacci retracement level at 0.93402.
BNB need's a big move here!BNB needs a big move here, BNB is moving in a wedge pattern and in my opinion It will breakout Blue trend line and targets Has been specified.
Good luck
BTC Arriving towards the end of the wedge possible breakout soonBTC is arriving towards the end of this small wedge, a possible breakout may happen within a week but it might be a bearish breakout given the look of things. Especially since the 100EMA seems like it will cross under the 200EMA in a couple of days.
CNC, the breakout we've all been waiting for!!As you can see there has been a rough resistance at the 74-75 levels and it has been like this since August 2018. For me, the volume speaks volume and if you are to compare the volume levels to the previous volume levels we have got something juicy. Each time at this 75 dollar level we have never experienced high volume and finally, it has come! Quadruple top on the long term mixed with an ascending wedge just screams breakout play.
TLDR:
1. Longterm ascending triangle.
2. short term bullish wedge breakout
3. 4x top
4. most importantly increased volume on the run-up to resistance.
Would love thoughts and ideas about this idea or if there are any questions.
$BTU target $10 minimum - @AOTtradesSee wedge ready for breakout to $10 and above...... BIG BUYING VOLUME seen recently in this name , just a matter of time
