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Wedgebreakout

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
TLSA - PLAYING THE WEDGE GAMEPossible entry 3.52/3.55 on a trending support hold Okay, here's a possible move play! Favorable trading and charting conditions in my opinion. Why? 1. Wedge formations can become parabolic signals. The highs and lows are trading inside this wedge. 2. This is an upwards trending stock, with the pricepoints holding, again inside this wedge. 3. The Stochastic indicator is suggesting a further move south. This indicator is a great source for stock sentiment. It is waning, but knowledge says to buy the oversold condition on an upwards moving stock, if volume and ema points are solid. In short, buying the discount. 4. The 8 EMA is the pivot line, like a fishing bobber, where price wants to stay near. The 34 EMA should not be a factor in this case. *Let's see what happens DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
NASDAQ:TLSALong
by mrmaximo74
EURGBP > What to Expect Next!?If you enjoy this free analysis please like and leave a comment below it will really support creating more free analysis and ideas for you. Analysis of #EURGBP Hello friends, The range is getting tighter and tighter and might break soon one way or the other, for me I expect a break to the upside. Bear in mind this is a very complicated pair, and difficult to trade. I will be waiting for a break of the wedge and a confirmation we are changing direction to enter long targeting the next resistance level let me know in the comment what pair you want to see the analysis for in my next free analysis Safe trading everyone Check today analysis below⠀ _____________________________________________________________________________⠀ -disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only⠀ -⚠ please note this is just a prediction and i have no reason to act on it and neither should you
Long
by TheTradersAvenue
13
falling wedge breakout Trading Tactic Explanation -Measure rule: Prices should rise to the top of the formation, at a minimum. -Buy after breakout: Since prices are trending down, it is best to wait for the upside breakout before buying. -Buy after throwback: If you miss the breakout and still want the stock, buy after a throwback or add to your position after a throwback once prices resume rising. -Watch for dip: Twenty-seven percent of formations show a dip just before the breakout. This is another reason to wait for the upside breakout before buying. long target 33400$ short target 29500$
KRAKEN:BTCUSDLong
by mfilippi
1
ZM LONG BIDEN STAY HOME According to my analysis, it appears that we have confirmed reliable support from 325 - 350 . Now that we have also broken out the downtrend from the past couple months, it seems that we have started a new uptrend. The next few days should let us know if we are going to retest horizontal support but I am more bullish as of right now. If biden doesnt think covid is going away anytime soon then my most of everywhere is using zoom still. We could see a 100 dollar swing play if we keep this trend.
NASDAQ:ZMLong
by vincefromaspects
NANO on Critical Breakout Point | Short-Term 25% ProfitNANO sits at a critical point, making a wedge. The next few days are going to be critically important. Depending upon how it breaks the wedge, it can either go upward or downward. The increasing support indicates the chances of breaking upward are higher. This is a good point to enter with your stop-loss limits in place. Trading: Warning: This is just my point of view. This might or might not be true. You can set your limits accordingly. I don't want you to jump in blindly. DYOR and only get in if you are satisfied with it. Buy Range: 3.56 - 3.61 USDT Sell Limit: 4.50 USDT (25%+ Profit | Short-Term) Stop Loss: 3.42 - 3.45 USDT (In case it breaks down-ward, you should exit timely and be safe)
NShort
by boomboom1212
OMGBTC is trying to have a breakout from a falling wedge 🦐If $OMG.X will have a breakout and turn the daily resistance into new support, 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.
OLong
by InkyGrip
2