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Wedgebreakout

GBP/NZD Potential Upward Movement 🚀 Technical Analysis: The price was trending to the upside before posting a correction count. This correction is made by a wedge formation that coincides with a strong support around the 1.9660 USD mark. This could lead to a rally toward our designated target profit. ------------------------------------------------------------------------------------- Trade Idea: Buy Market Order @ 1.9668 Take Profit @ 1.9749 Stop Loss @ 1.9630 Trade Safely 🙂
Long
by Forex-Robot-Nation
$LTC.X, #Litecoin pushes higher?A quick look at Litecoin (LTCUSDT, 4HR, Binance): Signs of recovery after the big fall of last weekend. Price broke the wedge's trendline acting as resistance. If LTC price confirms the breakout we could open a long position. If it's a fakeout, price could find support in the $270-$255 range. If you want to read more about Litecoin on CoinMarketCap, click here . What do you think? Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! ------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Needless to say, this is not financial advice!
Long
by BitfulMind
BTCUSDT - Bitcoin replicates bullish fractalsBitcoin price has tested $42 000 support level recently. There was panic in public chats and people claimed bearish market started. However few hours later BTCUSDT bounced back and the most important is the fact that the bounce happened with low trading volume, hence very few market players were selling at these levels. Such behavior can be a signal of accumulation phase beginning April 25th Fractal: Taking a closer look at Bitcoin's price action on April 25th we can see a similar picture to current chart. There was falling wedge with formed central accumulation range. The wedge bottom was retested twice and further bounces happened with small trading volume just as now. There was also replication of RSI oversold fractal around bounce area which also happens now at long term time frame charts February 28th Fractal: The same price action as before: RSI is at oversold edge, the price is at the bottom of the wedge while trading volume is low Bitcoin bounces and breaking the pattern upward. Conclusion: The most probable scenario: we have the same fractal as on February 28th and April 25th. Before these accumulation and distribution phases were connected with too low option contracts strike price. This month we can link the fractal to Musk's Twitter activity. Although there is high probability of sharp decrease to the cyan falling wedge in case current breakthrough attempt fails. We think Bitcoin should go back to $50 000 - $51 000 range within next few days. Current period is also great for altcoins recovering DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Long
by Skyrexio
2
OGN/USDT : Breakout from falling wedgeBINANCE:OGNUSDT Hello everyone 😃 OGN is breaking out the falling wedge. There is one more 6H candle needed for OGN to hold above wedge; After a retest, It can reach higher levels in mid-term. However BTC is not showing fine now, But it is possible to have pullback from wedge's higher line. So generally it's bullish and but for farther confirmations, We can wait for a cross on 6H trend bullish line. Also on BTC's pair; It's now pulled back from daily demand zone, Currently it's facing a bullish order block which is now acted as a resistance ! We may see a retest on lower level into demand zone and the a continuation to higher levels on this chart. 🔴 BTC has reached it's broken bullish trendline and some of the asks are forming a sell wall around ~58K. So be careful of any rejection below $55850. Hope you enjoyed our analysis about OGN's possible growth🙌 You can support us with your likes. Also you can share your opinion with us in comments 😉🙋🏼‍♂️ Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
22
HOW TO TRADE WEDGE PATTERNS IN A RIGHT WAY This is an Educational post regarding ' HOW TO TRADE WEDGE PATTERNS IN RIGHT WAY ' 1. There should be a nice uptrend or downtrend before you start marking the pattern 2. join the most touches of body candle or wicks as per your trading style and what works for you 3. If a Fakeout has happened then most the chances of pattern to work increases 4. check the volume of recent price 5. always pay closer attention to price when price is near to the breakout 6. Always look for good body momentum candle breakout with good volume 7. aggressive traders can enter after the breakout 8. I always buy on the retest of the resistance level which became support or vice versa for short trade 9. Use your personal favorite indicator to add confluence to the trade Do let me know if you learned anything from this post
NSE:HINDALCOEducation
by dhruvchaddha
1
TEL - One final pump possibly forming!HITBTC:TELUSD I've been tracking TEL closely because she's a favorite position of mine, and she's treated me well, considering I got it back in February. I was reviewing my chart last night and realized TEL is still looking really bullish on the daily candle view (MACD is possibly crowning, and the gap between blue and orange lines is still widening). And on the 4-hour candle view, we're seeing that there could very well be another green MACD mountain, as the RSI is showing it's still not overbought yet either. Considering it just repeated basically the same pattern three times since April 30th, I'm applying that same timespan and average growth. We've seen 6 days of calm between pumps, and for this most recent surge, we've just hit that, AND the wedge is about to crown. I personally think she has one more jump in her for this run. What do you all think? * The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
HITBTC:TELUSDLong
by mattdim805
#Alice, #MyNeighborAlice Breaking Out of the Wedge?A quick look at #MyNeighborAlice (#ALICEUSDT, #Binance, 4HR): Price broke the upper resistance of the wedge pattern on April 28 with a solid increase in volume. We should now wait for a confirmation. First available support is at the $11.70 level. If you want to read more about MyNeighborAlice on CoinMarketCap, click here . What do you think? Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! ------------------------------------------------------ Some of my charts represent actual trades, and some are paper trading. Needless to say, this is not financial advice!
Long
by BitfulMind
Acending Wedge Breakout and What We Can ExpectAscending Wedge most of the time means incoming falling in price and in this case is what happens (the breakout happens in the red circle). We can expect more falling in price depending on the selling pressure for that reason DONT panic sell. Matic is an awesome project with a lot of potentials, Matic can reach $7 in the long-term. MACD still below the 0.0 line, the price can go down until reaching the ema 200 in the 30m chart and that can be good support. Wish you all a profitable weekend!
COINBASE:MATICUSDLong
by JoelCupeles
5
MND - Have we witnessed a Bullish Breakout?MND seems to have broken out strongly out of its descending wedge with high volume suggesting that we may have seen a bottom on the Weekly chart. I think price may find some resistance currently and provide a great buying opportunity lower. I think that any pullback lower may be a buying opportunity. It could restest the POC of Volume Profile or previous Support, or any retracement lower. I would be a buyer at $11.00 and would target the old highs, ideally towards $13.30 - $13.50 range. Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
ASX:MNDLong
by AsimMirzaTrader