XCHUSDT (1hr) looks ready for liftoffAll your hard drive are belong to CHIA.
If you don't know what Chia is and want to learn more, checkout Chia.net
Wedgebreakout
CRM breaking out of downward wedgeCRM has broken its long term trendline after bouncing off prior longterm support and successfully retested the trendline. All the way up from here
Long AAPLLong Apple, price targets 137-140. Breakout of long-term bull wedge and backtested previous two days as RSI cooled. Looking for higher prices in next week.
Watching for a potential bullish breakout of ArcimotoShares of Arcimoto $FUV have been getting attention from several social media influencers as they rise in this bullish wedge formation.
We are watching for a potential breakout as the wedge pattern plays out.
Arcimoto makes affordable, ultra efficient, small-footprint electric vehicles .
Arcimoto's outsize gains began in the days following its first-quarter financial report for the period ended March 31.
But the stock also got a boost with the announcement that it will be joining the Russell 2000 and Russell 3000 stock market indexes with their annual reconstitution starting next week.
AMD Wedge breakoutGet out your brown pants ladies and gentleman, this breakout if confirmed will likely make #AMD attempt all time highs within the next month or so, in the short term I am going light and will pyramid in if it shows more promise, add it to your watchlists or go light for now, will update trade when I am certain. something something not financial advice something something
TSLA wedge breakout attempt on dailyI have been watching and trading TSLA for a long time and this wedge breakout is finally coming, if you take this it will move fast one way or the other, My target is at least 770 because a major peak is there, but I am very bullish on this, you can also take profit at the levels I marked in red if you want to exit before 770, this is not financial advice. I do have a position, a very big one. #tsla
ETHBTC is creating a descending wedge 🦐ETHBTC is creating a descending wedge on daily support. We need the next breakout to understand the price's strength. 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.
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.
XAGUSD Break of StructureThis is my first time marking up a silver chart but these trendlines were visible to me straight away. Super clear trendlines, as well as clear support and resistance levels, visible from the daily timeframe. I believe that price may very well rally upwards once it breaks the top trendline. Price actually tested and respected the bottom trendline today which is a positive sign for my bias. I'll be looking for price to break and stay above level 28.29624 for extra confirmation.
Updates to follow, follow me to see them.
Looking to short crude oilI am not sure which way oil will be going. What I do see is a good profit goal if oil sells off or pullback a bit.
Oil is nearing upper black trendline. This is also the top of an parallel channel. This also means we are close to overbought.
You can see my entry for a short by looking at red arrows. You can see a nice profit goal here and if it break under the rising wedge then we have an even more profit. I wouldn’t enter long except where gray up arrow starts above resistance at price high. And if oil is to go up it first needs to consolidate to cool off for next leg up. So really I am only looking right now to enter short on oil if it hits my sell trigger.
Comments welcome. Thumbs up is extra welcome!
❤️ Miss Bunny
ITRONIC. Wedge Breakout Setup. 16 June 21ITRONIC. Price have broke the wedge pattern upper trend line.. Cut Lost at RM0.175, Target Profit at RM0.735
SOLUSDT Short opportunitySOL breaks out its wedge pattern and is going to hit 35$ as TP1 and TP2 in order
BTC wedge break, will support hold?BTC looks to have just broken wedge support that many have been speaking of recently. I think the question for many now is "is it in fact a bearish pennant and is a crash imminent".
If a crash were to occur and the price stays in the descending channel (orange lines on the logarithmic chart), there is indeed quite a bit of downward potential to near 16-20K, so there is understandable concern.
However, if this indeed is a pennant, it is rather surprising that a) it didn't break downward until the apex of the triangle, and b) that it did not "flash crash" and that I have even been able to write this post hours after the breakout of the wedge. It is additionally interesting to see many altcoins still staying healthily in positions against BTC, but we shall see how long that may be the case I suppose.
A key point of interest looks to be the key support for the logarithmic trend line (yellow dashed line) that looks like it may be key support shortly. If this breaks and stays broken below 32K, then I plan on keeping a close watch on the descending channel. However, if a support continues, it will be interesting if it can continue for the next week to break out of the channel (around June 13th or so).
Either way, it looks like some of the boring action might coming to a halt as all eyes start to eye BTC once again.
And of course, this is only my opinion and in no way is meant as financial advice. But please like or comment if you agree or see anything differently or in addition to these thoughts.
CCIV 15min chart - on the road to $35Rising wedge with rising support. Higher highs, and higher lows. if It can hold $26 as its floor the next step will be to $35.
Wedge Breakout with S/R flip and Fibonacci confluence The wedge has finally broken out and has created a retest and seems to be coming down crushing, hopefully it keeps going down. The support which was broken yesterday has now turned to a resistance and price bounced off the 50% Fibonacci level. The traders dynamic index has also provided extra confluence with the the green line going below the yellow market baseline. I can finally say all my conditions for this trade are met. Fingers crossed its a win.
BTC wedge moment of truth coming up soon!A critical moment is approaching for BTC over the next few hours as the price approaches the top of a wedge (bearish pennant?) which I mentioned a few days ago (white lines).
A slight peak out of the wedge has occurred over the past few hours indicating a potential to break upward which can be seen as supported by a daily MACD cross (not shown). There is still quite a bit more time needed for validation, but if such a breakout occurs, this could propel the price to near the recent Fibonacci targets from 47-52K.
However, there is also likely a possibility of a continuation downward supported by MACD divergence (white line on MACD) as well as indicated by dwindling volume over the past few days.
It looks like the next few hours will be the crucial to watch which way the trend heads and what we might expect over the next few days whether that be a break out upward or a bounce downward.
And of course, this is not meant as financial advice and is only my opinion, but please like or comment if you agree or have any thoughts.
Bearish EURUSDEU was in an ascending wedge after breaking a descending channel in late April. Price recently broke out of that wedge to the downside Friday morning. Price has since then retraced 120 pips. I believe price will consolidate before continuing downward.
Vechain Long Term AnalysisPossible scenarios for VET which is not in this descending parallel channel preservation is beginning to form momentum to rise until the operations of the channel if we can sustain this momentum and break this resistance line of the channel will be heading to an all-time high for VET
MACD and RSI are indicating a bully set up.
CADCHF Set to Break Out Into a New Uptrend The CADCHF is currently finishing a Descending Wedge, which typically serves as a trend continuation pattern.
A decisive breakout above its upper boundary would entail the likely continuation of the uptrend.
Before this happens, however, the price action is likely to fall to 0.73900 one more time, which would allow bulls to enter long at the resulting dip. Afterwards, the CADCHF could climb as high as the psychological resistance level at 0.75000.
That is, if the price action manages to penetrate above the 23.6 and 38.2 per cent Fibonacci retracement levels.
How to trade with Falling wedge pattern-Live exampleFalling wedge pattern's considered as continuation pattern (Bullish continuation pattern) We can catch this pattern
after some bullish reversal or in a continuous bullish run.Best place to enter bullish was after the break of the upper side trend line
(After converging).The primary target would be the topmost rejection level of the wedge and we can fix our extended target with the help
of Fibonacci.
GBP/AUD H1 WEDGE BREAKOUTThere is a rising wedge breakdown on the GBP/AUD h1 chart. the fall in price can continue.
