Get started

Wedge

EUR/JPY Chart Analysis - Falling Wedge Target with Bullish SetupThis EUR/JPY 1-hour chart reveals a well-defined falling wedge pattern, which is a bullish reversal formation. Additionally, we see key support and resistance levels, a double bottom, and a breakout potential that traders can use to plan an entry. Let’s dissect this chart in a professional and detailed manner to understand the trade setup and market psychology. 🔹 Market Trend & Structure Analysis The market was previously in an uptrend, making higher highs and higher lows, until it faced strong resistance at the 163.500 level. Upon reaching this zone, the price reversed downward, forming a series of lower highs and lower lows, which resulted in a falling wedge pattern. This downward movement was accompanied by a trendline break, signaling a shift in momentum. The price has since reached a strong support level and is showing signs of potential bullish reversal. 🔹 Key Technical Patterns & Indicators 1️⃣ Falling Wedge Pattern (Bullish Reversal Signal) A falling wedge is a pattern characterized by two downward-sloping trendlines that converge, indicating that selling pressure is weakening. This pattern is considered a bullish signal because: ✔️ The declining price movement shows exhaustion of sellers. ✔️ Volume typically decreases as the wedge forms, indicating a breakout is coming. ✔️ Once price breaks out of the wedge, a strong bullish move often follows. The key here is to wait for a breakout above the upper trendline, which will confirm the bullish momentum. 2️⃣ Double Bottom Formation at Support (Reversal Confirmation) The price tested the 160.500 support level twice, forming a double bottom pattern. This is another bullish sign, as it indicates: ✔️ Buyers are actively defending this level. ✔️ There’s strong demand around this price zone. ✔️ If price breaks above the wedge resistance, it could trigger a significant rally. 🔹 Key Support & Resistance Levels Identifying support and resistance is crucial for defining entry and exit points. ✅ Support Levels: 160.500 – Strong horizontal support (Price tested this twice). 158.982 – Stop-loss level (Below this, the bullish setup is invalid). ✅ Resistance Levels: 163.500 – Major resistance (Previous high and supply zone). 165.090 – Final target (Key breakout level). If the price successfully breaks out of the wedge, it has room to rise significantly, with 163.500 as the first target and 165.090 as the ultimate goal. 🔹 Trade Setup & Execution Plan 🎯 Bullish Breakout Trade Strategy Since this setup signals a potential reversal, here’s how traders can execute a high-probability trade: 🔹 Entry Points: ✅ Aggressive Entry: Enter as soon as price breaks above the wedge resistance. ✅ Conservative Entry: Wait for a breakout and a retest of the resistance-turned-support before entering. 🔹 Target Levels: 🎯 First target: 163.500 (Previous resistance level). 🎯 Final target: 165.090 (Major resistance zone). 🔹 Stop-Loss Placement: ❌ Place the stop loss below 158.982, as a break below this level would invalidate the bullish setup. 🔹 Risk-Reward Ratio & Trade Justification 📈 Why This Trade Has a High Potential Reward? Low-risk, high-reward: The stop loss is tight, while the upside potential is large. Confluence of bullish signals: Falling wedge + Double bottom + Strong support. Institutional interest likely: Buyers are stepping in at key levels. A proper risk-to-reward ratio (RRR) for this trade would be at least 1:3, meaning for every 1% risk, there’s a 3% profit potential. This makes it a great swing trading setup. 🔹 Market Psychology Behind the Setup The falling wedge represents a market correction after a strong bullish trend. The double bottom shows that sellers are exhausted and buyers are gaining control. If price breaks out, many traders will enter, triggering a strong upward rally. This bullish breakout setup aligns with the smart money concept, where institutions accumulate positions before a big move. 🔹 Final Thoughts & Trade Outlook This EUR/JPY setup presents a high-probability trade opportunity with a bullish breakout scenario. The combination of: ✅ Falling Wedge Pattern (Bullish reversal) ✅ Double Bottom at Support (Buyers stepping in) ✅ Key Resistance Targets (Clear trade exit points) …creates a great trading setup. 📌 Trading Plan Summary: ✔️ Buy on breakout above the falling wedge. ✔️ Target 163.500 & 165.090 for profits. ✔️ Stop-loss below 158.982 for risk management. 🚀 If executed correctly, this trade has the potential for strong bullish momentum. Would you like a real-time update once the price confirms the breakout? Let’s keep an eye on this trade! 📊🔥
Long
by GoldMasterTrades
BTC Dominance at Critical Level – Altcoin Rally Incoming?🚀 Hey Traders! 👋 If you find this analysis valuable, show some love by smashing that 👍 and hitting Follow for high-probability setups that actually deliver! 💹🔥 BTC Dominance Update: We’re seeing a rising wedge formation on the daily timeframe—a classic bearish pattern. Right now, BTC.D is testing resistance, and if it rejects here, we could see an explosive Altcoin rally! 🚀 📉 Breakdown = Altseason incoming! 🚨 Invalidation: A break and close above 62.5 would cancel this setup. What do you think about this? Let me know in the comment section. 👉 Stay ahead of the game! Follow us for real-time updates and pro-level trade setups. Let’s dominate the markets together! 💪🔥
CRYPTOCAP:BTC.DShort
by CoreCrypto1
1
WLDUSDT: Is This the Last Chance Before a Major Breakdown?Yello Paradisers, are you prepared for what could be a textbook bearish opportunity on WLDUSDT? Because based on current price action and key confluences, this chart is screaming caution — and the next move might be much sharper than most expect. 💎WLDUSDT has broke down from a rising wedge pattern — a classic bearish signal that often leads to aggressive downside continuation. Alongside this, we’ve identified a clear internal Change of Character (I-CHoCH), followed by the formation of Fair Value Gaps (FVGs). These developments alone raise the probability of a bearish continuation, but that’s not all. The price structure is now forming a Head & Shoulders pattern — another strong reversal signal — increasing the bearish bias with multiple layers of confirmation. 💎If WLDUSDT pulls back from its current level and fills the FVG, we will be watching closely for a bearish candlestick pattern right around our defined resistance zone. This level also aligns perfectly with the Fibonacci golden pocket, adding even more weight to the area as a high-probability short entry. Should this setup form, the reward-to-risk (RR) potential becomes extremely favorable, providing an optimal entry for those waiting patiently. 💎On the other hand, for those considering entries from the current level — while the bearish probability still exists — the RR is much less attractive, hovering around 1:1 or even below. That’s not ideal, especially when managing risk like a pro. The probability of a pullback into the resistance area is still high, so it’s far better to wait for price to come to you. Only then will you have the proper setup to ensure a well-managed trade. 💎However, if WLDUSDT breaks above the resistance zone and we get a candle close above it, that would invalidate this bearish scenario entirely. In that case, it’s best to step aside and wait for better price action to develop. No need to force trades when the market is giving mixed signals — patience always pays. 🎖This is the only way you will make it far in your crypto trading journey. Be a PRO MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
4
EUR/USD Trading Analysis – Falling Wedge Breakout StrategyChart Overview The EUR/USD 1-hour chart presents a classic falling wedge pattern, which is a bullish reversal setup indicating that selling momentum is weakening and a breakout to the upside is imminent. This chart provides a structured trading plan, highlighting support and resistance levels, entry points, stop-loss placement, and a target price. Traders can use this setup to capitalize on the potential bullish move while effectively managing risk. Let’s break it down step by step. 1. Understanding the Falling Wedge Pattern A falling wedge is formed when price action moves within two downward-sloping trendlines that converge. It signals decreasing bearish pressure, as the price forms lower highs and lower lows within a narrowing range. The decreasing range indicates that sellers are losing control, and an upside breakout is likely. In this chart, we observe the following key characteristics of a falling wedge: ✅ Two converging downward trendlines that contain price movement. ✅ Lower highs and lower lows showing seller exhaustion. ✅ Decreasing volume as the price approaches the breakout zone. ✅ Support near 1.08000, which has held price several times before. A breakout above the wedge signals a shift from bearish to bullish sentiment, making this a strong trade setup. 2. Key Support & Resistance Levels 🔹 Support Level (Demand Zone) The horizontal blue zone at 1.07898 – 1.08000 is a critical support level. This level has been tested multiple times, making it a strong demand zone where buyers step in. The falling wedge bottom aligns with this area, reinforcing its importance. If price stays above this zone, it confirms the potential for a bullish breakout. 🔹 Resistance Level (Supply Zone) The resistance zone at 1.09300 - 1.09839 has acted as a barrier to upward movement. Price previously reversed from this zone, making it a logical take-profit area. If the breakout happens, this level will be tested again. A break above 1.09839 would signal further bullish momentum. 3. Trading Strategy – Step-by-Step Execution 📌 Entry Confirmation To enter this trade with confidence, traders should wait for a confirmed breakout above the wedge. A strong bullish candle breaking above the wedge’s upper trendline signals entry. Ideally, a pullback and retest of the breakout level would provide additional confirmation before entering long. 📌 Stop-Loss Placement Risk management is key, and stop-loss placement should be strategic to avoid unnecessary losses. A stop-loss is set just below 1.07898, slightly under the recent low. This placement ensures protection against false breakouts. 📌 Take-Profit Target The take-profit target is set at 1.09839, aligning with key resistance and the projected wedge breakout distance. This level has historically acted as resistance, making it an ideal zone to exit profits. Partial profit-taking can be considered near 1.09300, before the final target. 📌 Risk-to-Reward Ratio With a tight stop-loss and a higher profit target, this trade offers a favorable risk-reward ratio (RRR). A minimum RRR of 1:3 is recommended, meaning potential reward is three times the risk taken. 4. Expected Market Behavior & Possible Scenarios 📊 Scenario 1: Bullish Breakout Confirmation 🚀 If price breaks and closes above the wedge, we expect a rally towards 1.09300 - 1.09839. Pullback to retest the breakout zone would further confirm bullish strength. Strong volume would validate the breakout, leading to a high-probability move. 📉 Scenario 2: Bearish Breakdown (Invalidation) ❌ If price breaks below 1.07898, the bullish setup is invalidated. A downside move could push the price lower, possibly towards 1.07500 or below. Traders should exit long positions if this scenario unfolds. 5. Additional Technical Indicators for Confirmation To strengthen this trade setup, traders can use: ✅ RSI (Relative Strength Index) – Look for RSI divergence or a move above 50, confirming bullish strength. ✅ MACD (Moving Average Convergence Divergence) – A bullish crossover on MACD would reinforce the breakout. ✅ Volume Analysis – A spike in volume at the breakout level adds confidence in the move. 6. Conclusion & Trading Plan This falling wedge setup suggests a high-probability bullish breakout if the price confirms above the resistance zone. 🔹 Trading Plan Summary: ✅ Wait for a breakout above the wedge before entering. ✅ Confirm breakout with a retest or strong bullish candle. ✅ Set stop-loss below 1.07898 to limit downside risk. ✅ Take profit at 1.09839, securing profits at resistance. This strategy offers an excellent risk-to-reward ratio, making it a well-structured trade setup. Always manage risk and avoid premature entries without confirmation. 📌 TradingView Tags for Maximum Visibility #EURUSD #Forex #TechnicalAnalysis #FallingWedge #Breakout #PriceAction #ForexSignals #SupportResistance #TradingSetup #DayTrading #SwingTrading
Long
by GoldMasterTrades
Silver (XAG/USD) – Rising Wedge Breakdown & Bearish Setup📌 Overview This 1-hour chart of Silver (XAG/USD) presents a textbook Rising Wedge pattern, which is known as a bearish reversal signal. The price was in a strong uptrend but started showing signs of buyer exhaustion, leading to a breakdown from the wedge formation. The chart clearly identifies: ✅ A Rising Wedge formation ✅ Resistance Level where price faced multiple rejections ✅ Breakdown Confirmation and shift in trend direction ✅ Projected Target & Stop Loss Zones This setup suggests a strong potential for further downside movement in silver prices. Now, let’s break it down step by step like a professional trader. 🔹 Key Technical Analysis Breakdown 1️⃣ Rising Wedge Pattern – The Bearish Setup The Rising Wedge is a bearish reversal pattern that forms when price action moves higher within two converging trendlines. The slope of the lower trendline is steeper than the upper trendline, meaning that buyers are getting weaker. This pattern suggests that even though the price is rising, bullish momentum is fading. Once the price breaks below the wedge, it confirms a bearish trend. 🔸 Characteristics of this Wedge: 📌 Multiple Higher Highs & Higher Lows – But with decreasing strength 📌 Narrowing Price Action – Indicates weaker buying power 📌 Breakdown Below Support Line – Confirms the bearish move 2️⃣ Resistance Level – Key Price Rejection Zone The price tested the Resistance Level multiple times before breaking down. This area is where sellers overpowered buyers, preventing further upside movement. The resistance zone was a liquidity area, meaning large institutional traders likely placed sell orders here. The price attempted to push higher but failed, showing that demand was exhausted. Once rejection happened, selling pressure increased, and the breakdown followed. 3️⃣ Breakdown Confirmation – Bearish Momentum Kicks In After the wedge broke down, the price started moving in a structured downtrend, forming lower highs and lower lows. This confirms that the breakdown was valid and that the trend has shifted. 🔹 Signs of Breakdown Strength: ✅ Strong Bearish Candles – Indicating aggressive selling ✅ No Immediate Recovery – Suggests sellers are in control ✅ Lower Highs Forming – Bearish trend structure confirmed 4️⃣ Risk Management – Stop Loss & Target Zones A well-planned trade must include a Stop Loss and a Target to manage risk effectively. 📌 Stop Loss Placement (33.95) Placing a Stop Loss just above the resistance level protects against false breakouts. If the price goes back above 33.95, it would invalidate the bearish setup. 📌 Profit Target (31.96) The target is based on the measured move projection, meaning the expected price drop is equal to the height of the wedge at its widest point. If the price reaches 31.96, traders can lock in profits. 📌 Risk-Reward Ratio (RRR) The setup offers a favorable risk-to-reward ratio, making it a high-probability trade. 5️⃣ Expected Price Movement – Bearish Outlook From here, we can expect the following price movement: 📉 Scenario 1: Continuation of Downtrend (High Probability) The price will likely form lower highs and lower lows on its way to 31.96. Each small rally should be met with selling pressure. 📈 Scenario 2: False Breakdown (Low Probability but Possible) If the price moves back above 33.95, the wedge breakdown will be invalid. This could lead to a bullish reversal instead. 6️⃣ Final Thoughts – How to Trade This Setup? This Rising Wedge Breakdown provides an excellent short-selling opportunity. Here’s how a professional trader would approach it: ✅ 🔹 Entry Strategy: Short after a retest of the broken wedge support Confirmation of lower highs ensures trend continuation ✅ 🔹 Risk Management: Place Stop Loss above 33.95 Take profits around 31.96 ✅ 🔹 Confirmation Signals to Watch: Lower highs forming after breakdown Increased selling volume on bearish candles Price respecting the downtrend structure 🔔 Conclusion – Bearish Bias Confirmed 🔻 Trend Shift: The breakdown signals a potential trend reversal in silver. 🔻 Bearish Targets: The price is expected to fall toward 31.96 in the coming sessions. 🔻 High-Probability Trade: Strong technical reasons support a bearish outlook. 🚨 Watch for further confirmations and manage risk effectively! 📊💰
OANDA:XAGUSDShort
by GoldMasterTrades
BTCUSD Bitcoin Rising Wedge Breakdown – Professional AnalysisBitcoin's price action is forming a Rising Wedge pattern on the 1-hour chart, a well-known bearish reversal formation. This pattern suggests that although the price has been making higher highs and higher lows, the upward momentum is weakening. Historically, when a rising wedge breaks to the downside, it often leads to strong downward movement, making it an ideal shorting opportunity. This analysis will cover the pattern formation, key support and resistance levels, price action expectations, trading strategy, and risk management to ensure a well-informed trade setup. 1. Chart Pattern Breakdown: Understanding the Rising Wedge Formation of the Rising Wedge The price has been moving within two converging trendlines (black lines), forming a wedge shape. The slope of both the upper and lower trendlines is positive, indicating an uptrend, but the lower trendline is steeper, suggesting weakening bullish pressure. As Bitcoin moves higher, buying volume is declining, indicating that buyers are losing control. The price has tested the upper resistance trendline multiple times, failing to break above it, further confirming bearish exhaustion. The lower trendline has acted as strong support, but multiple touches suggest a possible breakdown soon. Why This Pattern is Bearish The rising wedge is inherently bearish because it signals that although the price is rising, the upward movement is slowing down. Eventually, the price is likely to break below the lower support trendline, triggering a sharp sell-off. A breakdown from this wedge structure would confirm the start of a downtrend, making it an excellent opportunity for short traders. 2. Key Technical Levels to Watch Resistance Level (~$86,000 - $86,500) - Strong Sell Zone Bitcoin has repeatedly failed to break above this zone, indicating heavy selling pressure. If the price unexpectedly moves above this level, the bearish setup would be invalidated. Support Level (~$80,000 - $80,500) - Breakdown Zone This support level has held strong multiple times. If BTC loses this zone, it will likely trigger a massive drop due to stop-loss orders being hit and panic selling. Stop Loss ($88,062) - Risk Management A stop loss above $88,062 ensures protection against unexpected bullish breakouts. This level is placed just above recent highs to minimize the risk of premature stop-outs. Target Level ($75,718) - Profit Objective The projected price target is based on measuring the height of the wedge and applying it to the breakout point. This level also aligns with a major historical support zone, where buyers might step in. 3. Trading Setup & Strategy Bearish Trading Plan - Short Setup 📌 Entry: Enter short after Bitcoin breaks below the wedge’s lower support and confirms the breakdown by retesting support as new resistance. Ideal entry price is around $81,500 - $82,000 after confirmation. 📌 Stop Loss: Place above $88,062, which is beyond the wedge’s upper resistance. This protects against unexpected bullish breakouts. 📌 Take Profit: First target: $78,000 (psychological support). Final target: $75,718 (technical breakdown target). Confirmation Signals for a Strong Short Trade ✔ Candle Close Below Support – A 1-hour candle closing below the wedge confirms a breakdown. ✔ Increase in Selling Volume – Rising bearish volume supports downward momentum. ✔ Retest of Broken Support as Resistance – If the price retests the wedge’s lower trendline and fails to reclaim it, it confirms further downside. 4. Risk Management & Considerations Risk-to-Reward Ratio: The trade offers a 3:1 risk-reward ratio, making it highly favorable. Market Conditions: External news events, institutional activity, or macroeconomic trends (like inflation reports) could impact price action. Bear Trap Possibility: If Bitcoin breaks below but quickly reclaims support, it could be a fakeout, so wait for confirmation before entering. 5. Alternative Scenario – When to Invalidate the Bearish Outlook? Although the primary expectation is a bearish breakdown, we must consider alternate scenarios: 🚨 Bullish Invalidation: What if Bitcoin Rallies? If Bitcoin breaks above the resistance zone at $86,500 - $88,000, the rising wedge breakdown would be invalidated. In that case: ✅ A breakout above $88,062 could trigger a short squeeze, pushing BTC toward $90,000+. ✅ Bulls will regain control, shifting the trend to bullish continuation instead of reversal. 🔹 In such a case, traders should exit short positions and re-evaluate market conditions before re-entering trades. 6. Conclusion – Trading Plan Summary 📊 Current Bias: Bearish 📉 🔹 Pattern: Rising Wedge (Breakdown Expected) 🔹 Entry: Short after wedge breakdown & confirmation 🔹 Stop Loss: Above $88,062 🔹 Target: $75,718 Bitcoin is forming a classic Rising Wedge, which historically leads to strong downward movement once it breaks support. If BTC follows the expected scenario, a high-probability short trade is in play, targeting a decline toward $75,718. However, traders must wait for confirmation and manage risk effectively to avoid fakeouts. 📢 Stay updated, follow price action closely, and trade responsibly! 🚀
BITSTAMP:BTCUSDShort
by GoldMasterTrades
DJT/SPX comparisonBearish case for equities. Chart comparing DJT and SPX. DJT in wave ((c)) of regular flat, SPX in wave ((c)) of expanded flat. SPX showing ending diagonal (wedge) to complete wave ((b)). Bottom of SPX pitchfork (blue line) broke support and now acting as resistance. This count anticipates each market to soon have a large (15-20%) 5-wave impulsive move down, DJT to complete wave 5 of (3) of ((c)) and SPX to complete wave (3) of ((c)). After this proposed move, each market will have completed its wave (3) of ((c)). I would expect wave (4) to be zigzag corrections for DJT and SPX before large wave (5)'s to take price down towards March 2020 lows.
DJ:DJTShort
by discobiscuit
GOLD → Consolidation (correction) before growth to $3100FX:XAUUSD is going into consolidation after strong growth on the back of dollar correction. The metal may test deeper support areas before attempting a new high Gold is correcting, but remains in an uptrend The decline in quotations may be seen as a buying opportunity, given the economic uncertainty due to Trump's tariffs and expectations of Fed rate cuts. The Fed reiterated its forecast of two rate cuts in 2025 despite Powell's cautious comments. Gold is further supported by rising inflation risks and geopolitical tensions in the Middle East. Resistance levels: 3045, 3057 Support levels: 3024, trending, 3004 Reaction to support is weakening, even amid the uptrend. Gold may stay in this consolidation until the middle of next week, or it may try to break out of the consolidation to retest deeper support zones, such as the rising trend line or the 3004 imbalance zone, from which the growth may resume. Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
EUR/JPY Trading Setup – Falling Wedge Breakout Potential1. Overview of the Market Structure The EUR/JPY daily chart presents a falling wedge pattern, which is a classic bullish reversal setup. This pattern has been forming for several months, indicating that the price has been consolidating within a narrowing range. The falling wedge typically suggests that selling pressure is weakening, and a potential breakout to the upside could follow. The chart also highlights key support and resistance zones, along with a well-defined trading setup based on technical confluences. 2. Key Technical Levels Support Level: ~ 155.819 (Marked as Stop Loss) This level has acted as strong support multiple times. A break below this level would invalidate the bullish bias. Resistance Level: ~ 163-164 The price has previously struggled to break above this region. Currently, it is retesting this level after a breakout attempt. Target Levels: 175.246 – This aligns with a previous all-time high zone and a strong resistance level. 179.562 – Marked as the ultimate target, indicating a full breakout potential. 3. Falling Wedge Formation & Breakout Analysis A falling wedge is a bullish pattern that indicates a decrease in selling pressure over time. The price has tested the lower trendline multiple times, showing strong demand at support. Recently, the price broke above the upper wedge trendline, suggesting that a breakout is in progress. However, the breakout needs confirmation in the form of a successful retest at the previous resistance level (~163-164). 4. Retest Confirmation & Trade Setup Retest Scenario: If the price holds above the previous resistance and confirms it as support, the probability of continuation towards 175-179 increases. Entry Strategy: A buy entry can be considered after a successful retest with bullish price action confirmation. Stop-Loss Placement: Below 155.819 (previous strong support). Risk-Reward Ratio: The target offers a strong risk-reward ratio if the breakout holds. 5. Market Sentiment & Volume Analysis The previous downward move showed declining bearish momentum, further confirming the validity of the falling wedge. A volume increase on the breakout would provide additional confirmation. If the price consolidates near the breakout zone with low volatility, a strong move upward could follow. Final Conclusion: Bullish Breakout in Progress The falling wedge breakout suggests that EUR/JPY is poised for further upside. A successful retest at 163-164 could push the price towards 175.246 and ultimately 179.562. Risk management is crucial, and a stop-loss below 155.819 is recommended to avoid invalidation of the setup. This setup presents a high-probability trading opportunity, but confirmation through price action and volume analysis remains key. Key Trading Plan Summary: 📌 Pattern: Falling Wedge (Bullish) 📌 Breakout Confirmation: Yes, but retesting is ongoing 📌 Entry Point: Above 163-164 after successful retest 📌 Stop Loss: Below 155.819 📌 Target Levels: 175.246, then 179.562 📌 Risk-Reward: Favorable if breakout sustains Would you like any refinements or a more concise version for your TradingView post? 🚀📈
Long
by GoldMasterTrades
ETH to at least $ 5400 in November 2025?ETH has declined by 53% since its 2024 year high (YH24) of $ 4108. A bottom price could lie around $ 1760. However, TA shows ETH could rise to $ 5400, or more, based on a megaphone pattern / broadening wedge on the weekly chart. This price target could be reached in November 2025. For ETH a difference of $ 2170 (the height) between the present price at the support line and the upper trendline around exists. Once the resistance of $ 4108 is broken the price target is calculated by adding 60% of $ 2170 (= $ 1302) to the price at the breakout point. So $ 4108 + $ 1302 ≈ $ 5400. The price target of $ 5400 could be a modest one given the fact that a break out is likely to happen at the end of September 2025 and the height of the pattern is larger then. A strong correlation between ETH and BTC exists. This allows us to get an estimate when ETH may start to rise significantly when looking at BTC. Possibly this rise could start in early May. Strong rises in the past for ETH and BTC occured in November 2024 and October 2023. On both instances BTC broke out of a broadening wedge pattern and crossed RSI = 70 on the daily chart. Those broadening wedge patterns lasted 40 - 60 days. At present time no such pattern can be seen, so in case history repeats ETH may start to rise strongly at the start of May (40 days from now). The bottom could be a price of around $ 1760, showing by possibly a double bottom (or Adam & Eve or 'cup n handle' etc.). Anyway exciting times await us.
by mfsaarberg
BITCOIN - Price can bounce up to $87K, breaking resistance levelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Price entered to wedge and at once dropped to support line, breaking two levels, after which it bounced up. Soon, it broke $80200 level and then tried to grow, but failed and made a correction to $80200 support level. Later BTC rose to $85400 level and then some time traded near, after which it turned around and corrected to support line. Then price in a short time rose to resistance line of wedge, breaking the resistance level, but a not long time ago fell back. Bitcoin broke $85400 level and continued to decline, and in my mind, it can soon reach support line of wedge. After this movement, I expect that BTC can bounce up to $87000, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
4
JPY/USD Trading Setup – Falling Wedge Breakout & Bullish MoveThe JPY/USD 1-hour chart is displaying a well-defined falling wedge pattern, which is typically a bullish reversal setup. This pattern forms as price action moves within converging trendlines, indicating that selling pressure is gradually weakening. The breakout from this pattern signals a potential trend reversal, and the price may be heading toward key resistance zones and an eventual bullish target. This analysis will break down the chart structure, market psychology, key levels, and a trading setup to help traders make an informed decision. 1. Understanding the Falling Wedge Pattern The falling wedge is a common price action pattern characterized by: 🔹 Lower highs and lower lows forming within two downward-sloping trendlines. 🔹 Decreasing volume, indicating that sellers are losing momentum. 🔹 A breakout above the upper trendline, confirming a shift in trend and signaling the start of bullish momentum. Market Psychology Behind the Wedge Pattern: 📉 During the wedge formation, the market is in a downtrend, and sellers are in control. However, with each new lower low, the price finds strong support, and buyers start stepping in. 📊 As the wedge narrows, the downward momentum weakens, and sellers struggle to push the price lower. Eventually, demand exceeds supply, leading to a breakout to the upside, which is exactly what we see on this chart. 2. Key Levels & Market Structure 🔹 Support Zone & Reversal Area: The support zone between 0.006660 - 0.006680 acted as a strong demand area, preventing further downside. This is also labeled as a reversal area, meaning buyers were aggressive in this zone. The final touch at this support led to a strong bounce, initiating the breakout. 🔹 Resistance Level: The price is now approaching a key resistance area at 0.006780 - 0.006800, which previously acted as a supply zone. A break and retest of this level would further confirm bullish momentum. 🔹 All-Time High (ATH) & Target Level: The ATH region is marked on the chart as a historical resistance level where price faced strong selling pressure before. If the current breakout holds, price action could aim for the 0.006851 target level, completing the measured move from the wedge pattern. 3. Trading Strategy & Execution Plan 📈 Entry Strategy: There are two main ways to enter this trade: 1️⃣ Aggressive Entry: Enter immediately after the breakout above the falling wedge. 2️⃣ Conservative Entry: Wait for a breakout AND retest of the previous resistance turned support (0.006780 zone) before entering long. 🔻 Stop-Loss Placement: To manage risk, traders should consider placing stop-loss orders: Below the previous support zone (0.006660) to minimize downside risk. Alternatively, below the wedge breakout point if using a tight stop-loss. 🎯 Take-Profit Targets: 1️⃣ First Target: 0.006780 (near-term resistance level). 2️⃣ Final Target: 0.006851 (based on wedge breakout projection). 4. Confirmation & Risk Management 🔎 Key Confirmation Factors for a Strong Breakout: ✅ Price breaks above the falling wedge with strong bullish candles. ✅ Volume increases, showing strong buying interest. ✅ RSI or other momentum indicators confirm bullish divergence. ⚠️ Potential Risks to Consider: False Breakout: If price falls back inside the wedge, this could invalidate the bullish setup. Rejection at Resistance: If buyers fail to push price above the 0.006780 resistance, it could lead to another consolidation. 5. Final Thoughts & Trading Outlook 📌 This JPY/USD chart presents a high-probability bullish setup due to the breakout from a falling wedge pattern. 📌 The breakout, strong support zone, and bullish price action indicate further upside potential. 📌 Risk management is key—waiting for confirmation can increase the probability of success. 💡 Final Verdict: Bullish Bias – Watching for Retest & Continuation to Target! 🚀
Long
by GoldMasterTrades
EURJPY → False breakout of key resistance ...FX:EURJPY is forming a false breakdown of resistance and draws us a reversal pattern against the upper boundary of the descending price channel, as well as the pressure on the market creates the correction of the dollar... On the daily chart the structure is bearish. After the false breakout of the global resistance a correction is formed, within which the price can test the imbalance zone or the previously broken resistance and continue its fall after the liquidity capture. The global trend is neutral and in this case it is worth considering local support levels as targets Resistance levels: channel boundary, 162.3, 163.0 Support levels: 160.84, 158.9 A retest of the channel resistance or the area of 162.4 - 163 is possible. But any return of the price under the resistance of the descending channel and consolidation of the price in the selling zone may provoke further decline Regards R. Linda!
Short
by RLinda
1
(BTC/USD) – Rising Wedge Pattern - Critical Breakout Setup🔍 Market Overview & Technical Breakdown Bitcoin (BTC/USD) is currently forming a rising wedge pattern on the 4-hour timeframe, which is a bearish signal indicating a potential reversal. The price action shows higher highs and higher lows, but the narrowing wedge suggests that buying momentum is weakening. BTC has been battling a major resistance zone around $85,000 - $87,500, struggling to break higher. If Bitcoin fails to hold above the key support level at $80,000, we could see a strong downside move. However, if BTC breaks the upper resistance, the bearish setup may be invalidated, opening the door for a push toward $95,000+. 📉 Rising Wedge Pattern (Bearish Formation) A rising wedge occurs when the price moves upward within two converging trendlines, making higher highs and higher lows but with a weakening bullish momentum. This pattern often breaks downward, leading to a sharp sell-off. Characteristics of This Wedge Formation: ✅ Upward Sloping Support & Resistance Lines: BTC is trending higher, but the slope is narrowing, showing a loss of bullish strength. ✅ Decreasing Volume: Volume is declining as price moves higher, indicating buyers are losing control. ✅ Bearish Breakout Probability: Rising wedges typically break down 75% of the time, suggesting a high likelihood of a drop below support. 🔑 Key Levels to Watch 🔺 Resistance Zones (Potential Breakout Levels) 1️⃣ $85,000 - $87,500 → Strong resistance; BTC has repeatedly failed to break above. 2️⃣ $90,000+ → A confirmed breakout would invalidate the wedge and shift the trend bullish. 3️⃣ $107,000 Target → If BTC breaks above resistance, we could see a move toward the psychological $100,000 - $107,000 level. 🔻 Support Levels (Bearish Breakdown Zones) 1️⃣ $80,000 - $82,000 → Key support within the wedge; a breakdown confirms the bearish move. 2️⃣ $75,000 → Strong historical demand zone; BTC could bounce here if it drops. 3️⃣ $70,000 and Below → Ultimate bearish target if selling pressure accelerates. 📈 Bullish vs. Bearish Scenarios ⚠️ Bearish Scenario (Rising Wedge Breakdown) 🔴 Entry: Below $80,000 (confirmed breakdown). 📉 Stop-Loss: Above $83,500 (to avoid fakeouts). 🎯 Take-Profit Targets: TP1: $78,000 TP2: $75,000 TP3: $70,000 🔹 Confirmation: Look for increased selling volume and a retest of $80,000 as resistance after breakdown. 🚀 Bullish Scenario (Breakout Above Resistance) ✅ Entry: Above $87,500, confirming bullish momentum. 📉 Stop-Loss: Below $85,000 (to minimize risk). 🎯 Take-Profit Targets: TP1: $90,000 TP2: $95,000 TP3: $107,000 🔹 Confirmation: BTC must break the wedge’s upper boundary with strong volume for bullish continuation. 📊 Technical Indicators & Market Sentiment 🔵 RSI (Relative Strength Index) Currently near 60 – Showing bullish momentum but not yet overbought. A move above 70 could signal an overbought market and potential reversal. 🔴 Volume Profile Volume is decreasing as BTC rises, suggesting a possible exhaustion of buying power. A breakout should be accompanied by strong volume to confirm bullish strength. 🟢 Moving Averages (EMA & SMA) BTC is trading above key EMAs (50 & 200), supporting the bullish case. A breakdown below the 50 EMA could accelerate selling pressure. 📢 Final Thoughts: High-Risk, High-Reward Setup 🚨 BTC is at a critical decision point! The rising wedge pattern suggests a bearish reversal, but confirmation is needed. If BTC breaks below $80K, expect a strong sell-off. However, if bulls manage to break above resistance, BTC could rally toward $100K+. 🔹 Risk Management Tip: ✅ Always wait for confirmation before entering a trade. ✅ Use stop-losses to protect your capital. ✅ Monitor volume & key levels for stronger trade signals. 🔥 What’s your take on this setup? Will BTC break down or push higher? Let’s discuss in the comments! 👇
BITSTAMP:BTCUSDLong
by GoldMasterTrades
The THETA chart sure has a story to tell!*"Here is a copy of my latest THETA chart, which I recently covered. There is a lot of information to be discovered simply by looking at it and drawing the proper conclusions. This will be one to watch as we move forward into the 'April flash crash' thesis I have been widely discussing. Even if it doesn't materialize as I've theorized, there are still some interesting developments that could be coming regarding the future of this asset. Good luck, and always use a stop loss!
CRYPTO:THETAUSDLong
by MetaShackle
Rising Wedge: "Continuation"OKX:DOGEUSDT Analysis – Potential Downtrend Continuation The bulls initially pushed the price above the rising wedge but failed to hold it as support. As a result, the price retraced, breaking below the trendline once again. The bears not only successfully breached this level but also converted the upper trendline into resistance. Subsequently, within 2 to 3 hours, the price broke below the lower trendline, signaling further bearish momentum. Traders should be cautious of a potential downtrend continuation. At the $0.161694 level, a large-scale liquidation of approximately $3.01 million is present, making it a potential profit-taking zone if the bears manage to hold the lower trendline as resistance. This is just my perspective—trade wisely! 🤞⚡💰
by x4fcqmrdz5
EUR/AUD Rising Wedge Short Setup🔥 EUR/AUD Rising Wedge Short Setup 🔥 📍 Entry: 1.72200 (Sell) 🎯 Target (TP): 1.71400 🛑 Stop Loss (SL): 1.72800 📊 EMA: 50-period (for trend confirmation) ⚖ Risk Management Applied 📉 Analysis & Considerations: ✅ Rising Wedge = Bearish pattern 📉 → Expecting a downside move. ✅ EMA 50 Check → If price is below EMA, confirms short bias. If above, reconsider trade. ✅ Risk-Reward Ratio (R:R) Risk: 🚨 60 pips (SL: 1.72800 – 1.72200) Reward: 🎯 80 pips (TP: 1.72200 – 1.71400) R:R = 1:1.33 → Decent, but could be better! 📊 🔥 Trade Execution Plan: 🔻 Sell Below 1.72200 → Wait for confirmation candles 📉 🔻 SL Above 1.72800 → Protect against fakeouts 🚫 🔻 TP at 1.71400 → Wedge breakdown target 🎯 🛠 Extra Risk Management Tips: 📏 Lot Size: Adjust based on 1-2% risk per trade ✅ 📉 Look for Bearish Confirmation: Rejection candles, RSI/MACD divergence 🚦
Short
by TradingStar090
2
EUR/USD with a bullish breakout falling wedge pattern You're looking at a **falling wedge** pattern on **EUR/USD** with a **bullish breakout setup**. Here’s a structured trading plan based on your input: 1. **Buy Trade Setup** - **Pair**: EUR/USD - **Pattern**: Falling Wedge (Bullish Reversal) - **Entry**: **1.09000** (Breakout confirmation above resistance) - **Target (TP)**: **1.09700** (700 pips move) - **Stop Loss (SL)**: **1.08300** (Risk: 70 pips) - **Risk-Reward Ratio (RRR)**: **1:1** 2. EUR/USD Sell Setup – Falling Wedge False Breakout If the falling wedge fails and breaks downward instead of upward, here’s an alternative sell setup: Pattern: Falling Wedge (Bearish Breakdown) Entry: 1.09000 (Break below support) Target (TP): 1.08300 (700 pips move) Stop Loss (SL): 1.09700 (Risk: 70 pips) ### **Confirmation & Strategy** ✅ **50 EMA (Exponential Moving Average)**: Ensure price is reclaiming above the EMA after breakout. ✅ **Volume Increase**: Look for rising volume on breakout confirmation. ✅ **Retest**: A retest of the breakout level (1.09000) turning into support strengthens the trade. ✅ **Momentum Indicators**: RSI above 50 and MACD bullish crossover can support the move. ### **Risk Management (MM)** 🔹 Risk only **1-2%** of your capital per trade. 🔹 Adjust position size to maintain a controlled drawdown. 🔹 Avoid overleveraging to withstand potential pullbacks.
Long
by TradingStar090
Oil Market at Risk: Potential Breakdown Below Key SupportThe oil market is showing signs of weakness, with a technical triangle formation on the verge of breaking down. Key support at USD 66.50 per barrel is under threat, and several fundamental and macroeconomic factors suggest further downside risks. Some Key Bearish Factors for Oil 1. Weakening Global Economy Economic indicators across major economies are flashing warning signs. A slowdown in global growth, particularly in China and Europe, is reducing industrial demand for oil. Weaker economic activity typically translates to lower energy consumption, putting pressure on oil prices. 2. Stronger U.S. Dollar A rising USD makes oil more expensive for buyers using other currencies, leading to lower demand. If the Federal Reserve maintains its hawkish stance on interest rates, a stronger dollar could continue weighing on oil prices. 3. Supply Overhang and Shale Resilience Despite OPEC+ production cuts, oil supply remains ample. U.S. shale producers have kept output steady, while global inventories are rising. If supply continues to outpace demand, downward pressure on prices is likely. 4. China’s Slowing Recovery China, the world’s largest oil importer, has struggled with weaker-than-expected economic data. Lower manufacturing activity and sluggish domestic demand are reducing the country’s need for crude oil, further dampening market sentiment. 5. Geopolitical De-escalation A potential ceasefire in Ukraine could ease concerns over energy supply disruptions. Lower geopolitical risk would reduce the war-driven risk premium on oil, potentially triggering a price decline. 6. Growth in Alternative Energy The increasing adoption of electric vehicles (EVs) and renewable energy is gradually reducing structural demand for crude oil. As governments push for greener energy solutions, long-term oil consumption trends may continue declining. 7. Speculative Unwinding Traders and hedge funds could accelerate the sell-off if USD 66.50 support breaks. Technical breakdowns often lead to increased short-selling and stop-loss triggers, intensifying downward momentum. Conclusion: More Downside Ahead? With a weakening economy, strong dollar, and growing supply concerns, oil faces multiple headwinds. If key technical support at USD 66.50 breaks, the market could see further declines in the short term. Unless demand picks up or supply constraints emerge, the bearish trend may persist. #OilMarket #CrudeOil #BearishOutlook #Energy
TVC:USOILShort
by fwalbaum