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Wedgebreakout

BITCOIN Correction should be over soon. Bullish Signals Visible BTCUSDT is currently in its correction phase after its intense rally upwards. Currently BTC is trading inside this Falling Wedge which is an extremely bullish continuation pattern, wedge is confirmed by the dropping decreasing volume. Also, the price is taking support at the 200EMA and the RSI is showing a Bullish Divergence on the 4 hours chart. All these are some good bullish signals suggesting the uptrend is to continue hence Soon a breakout over the upper trendline. However Since its weekend so like every weekend we might see drop in prices hence there might me a slim chance that the price would go down the wedge but there are lots of support levels between 38k and 42k. The Support at 40k,laying on the 0.786 fib extension of the 'A' corrective wave is the strongest and its highly unlikely that the price would go below that. BUT anything could be possible so always use stoploss and this is just an idea so lets see what happens. I hope a bullish breakout happens. All suggestions and corrections are welcomed :)
Long
by iAmitkumar
2
price broke out from falling wedgeOk, I've entered back 1INCH at 4.85 following the 5min chart I can't post here. I thought it would have retraced back to 4.78 but, as always, I didn't want to miss the train. As usual I should have trusted my TA, it touched 4.78 and bounced back. I think this can be the break out. I admit this is a very early entry so it might also go down to retest the wedge so you can also enter with a part of the money you wanna invest in the token and wait for a secondary entry point. From this point, if price keeps going up, I expect at least a 30% profit and if DEX tokens awakens again it might be much more. SAFE stop loss at 4.58
Long
by Shotokhan
5
FLT (1-2 Week trade)Bullish TSXV:FLT A wedging pattern formed and a breakout is imminent. ✅ Bullish candle at close ✅ Near the end of the wedge ✅ Red Flags = Relative Strength Index (RSI) divergence shown here A price entry can be made inside the wedge or when the bullish movement is confirmed at the breakout and confirmation level of $2.14. This is a 1-2 week trade for a 7-10% profit gains (or more if it can break the $2.30 resistance) . Confirmation: ~ $2.14 Price Entry: < $2.07 or at Confirmation Price Target (PT): > $2.30 Profits: ~ 7-10% gains - Pocketfeeder
TSXV:FLT
by pocketfeeder
3
WWR BreakoutBullish NASDAQ:WWR 6-Month, 2-Hour View : Another Cup and Handle formation Entry: ~8.60 PT: +$12.00 Profits: >40% gains (1+ months) 1-Month, 30-Min View: ✅ A bullish wedge indicating the Stock Price (SP) movement to go up. Waiting for confirmation above ~$8.80 ✅ Red Flags = Relative Strength Index (RSI) Divergence appearing for a bullish momentum **For a shorter hold... (1-2 weeks) Entry: ~8.60 PT: $9.50 Profits: ~10% gains Find good entries, know your exits, secure your profits - Pocketfeeder
W
by pocketfeeder
FTI Consulting *FCN Falling Wedge Trade the BreakoutFTI Consulting falls under the radar for a potential LONG with this falling wedge pattern in play . On the 25 Feb we have Earnings numbers coming in and during December 2nd 2020 the board authorised 200 million Dollars for the re purchase of its Shares. The Falling Wedge CAN FAIL the same as any other triangular pattern so make sure you wait for confirmation with a candle close with a break of the resistance and High Volume . They are the ingredients needed and of course better than expected earnings numbers could also be encouraging ... Trade with a Solid Plan , knowing in advance your entry, exit , position size, and take profits on the way up ... Show your gratitude with a Like, Follow or a comment ...Thanks for stopping By
NYSE:FCNLong
by SJTRADESFUTURES
BZRXUSDT is testing a daily resistance 🦐$BZRX.X had a very nice bull run after the breakout from a falling wedge. IF the price will have a breakout upward, 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.
BLong
by InkyGrip
28
Rising Wedge Go Weeeeee- The daily chart looks to have been forming an Ascending/Rising Wedge. - Since the beginning of December 2020 price has been on the rise with RSI steady above 50, but remaining under the overbought threshold of 70. - MACD has also been quite flat as well since December 2020. Scenarios: 1) Upside breakout, if upper trend line is broken we could see upside and revisit the April 2018 high of 1.4376. 2) Downside breakout, if lower trend line is broken we could see downside to the 1.2643 Support. My Guess: Traditionally ascending wedges are seen to have a bearish bias so I am leaning more towards the downside breakout. We shall wait and see.
Short
by theConsultant45
1