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Wedgebreakout

LTCBTC year long wedge breaks upwardsIt looks like LTCBTC has managed to break resistance of a wedge that has been forming since 2019 (blue dashed line zoomed in, see my previous posts for details about this resistance level). There is still a bit of resistance above the current ascending channel (dotted yellow line), but the target now looks to be a much longer "years-long" wedge that has been forming for quite a while. Due to the distance between these wedges, there is still quite a bit of potential for LTC to continue its push against its older sibling BTC over the next few months, so it definitely looks like a good trend to watch for anyone following LTC.
Long
by crypto_trends
UPDATE on the MOTHER OF ALL WEDGES (TESLA)What I'd like to see now: -The fill of the gap at 775 -A retrace to the broken consolidation area -The fill of the gap formed today at 700 Here is where I will add more shares to my Tesla position (trying to make Tesla 65% of my portfolio from 60%) -And then a continuation to A: break the wedge and go back to 800+. Or B: Consolidate between 720-780 range waiting for Q2-3 catalysts. What do you guys think? My portfolio was really happy with TSLA, PLTR and BTC today
NASDAQ:TSLALong
by Fed02
2
BURST about to go parabolic?Burstcoin (BURST) is a cryptocurrency based on a proof-of-space (PoS) algorithm, which uses a mining device’s available disk space instead of following other energy-intensive mining methodologies. It has been consolidating in a falling wedge over the span of 2 years and has just recently broken out to the upside. The average directional index (ADX) is greater than 25, indicating a strong trend. Furthermore, the commodity channel index is greater than 200 and rising, reaffirming the strength of this trend.
B
by otis_bagshots
1
$TRIP Bullish going into the new weekHere's $TRIP again, charts looking good and we havnt been at this support in a while. A wedging pattern formed and a breakout is imminent. ✅ Bullish Trendline with strong support levels ✅ Near the end of the wedge ✅ Red Flags = Relative Strength Index ( RSI ) divergence shown here A price entry can be made here ~0.30-0.32 and looking for confirmation(1) at $0.33. **Watch for another confirmation(2) above the strong resistance of 0.35 ________________________ Price Entry: <0.31 Price Target: 0.35 Profits: ~12% or Price Entry: <0.31 or at confirmation(1) Price Target (PT): > 0.38 Profits: ~ 20-30% **There are warrants for long holds. - Pocketfeeder
CSE:TRIPShort
by pocketfeeder
🍣 CHZ Wait For Breakout And RetestCHZ has been in a descending wedge for around 3 weeks now following a large breakout. Wait for a breakout of the descending wedge and make sure it finds support on the Fibonacci line before confirming the breakout. From there, we can expect a bullish run for CHZ following news in April about gaming releases and other positive news. Entry: ~0.565 Stop loss: ~0.51 (Make sure to see ATR at that point of time) Take profit zone 1: ~0.672 Take profit zone 2: ~0.878 (or hodl)
Long
by RainyTrader
6
Waiting for a buy on CHFJPYThough price hasn't gotten into my level, might probably miss this trade because markets already showing a bullish signal but I can't enter the trade until it meets my criterias. But if you can withstand huge drawdowns or you want to confirm my analysis with yours, I'd drop my confluence below. *Market is in an Uptrend. *Falling wedge(Bullish signal). *Rested of the breakout(healthy chart pattern). And the last confluence would be the entry reason. Feel free to criticize my analysis, we are all learners. 'Do not blindly buy CHFJPY based on my confluences and do not enter the trade if my analysis is against yours.'
Long
by T-B-X
2
Big Move Coming For ADA (Cardano)ADA has been retesting the critical $1.185 level for a while and as the triangle (signified by the while line) narrows, we can see that this downtrend will either sharply reverse or break down to the 0.618 fib. A breakout upwards would mean that buyers are back in control, and a sharp break could even bring us back up to the 0.236 fib, or the top of the supply zone at $1.31. However a break down would be unfavorable given all the bearish momentum we've already been seeing and could bring us down to $1.15, or possibly even back to $1. ADA may have a hard time breaking its all time highs because of the strong double top and aggressive sellers at that level as seen by the wicks, but my long term target remains at $5.
BINANCE:ADAUSD
by velocitylabs
2