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Wedge

EURO - Price can little grow and then continue fall in channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price entered to wedge, where it at once bounced from resistance line and fell to support line. Then price bounced up from this line and rose higher than $1.0900 level, after which reached resistance line of wedge. Next, EUR corrected, after which continued to move up inside wedge and later price exited from this pattern. After this, price entered to falling channel, where it at once rose higher than $1.1155 level, but soon broke it again. Euro continued to decline inside falling channel until it reached support line, after which it recently bounced up. Now, I think price can make a small movement up and then continue to decline to $1.0975 support line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
SPELL Did 50X in 3 Month in 2021, Can It Repeat This Move?In 2021 the token started trading in the final phase of the bull cycle so it's unlikely to be that fast, but who knows? Anyway, it's a pretty good token to hold in the following months and the picture is very similar to my FIDA post. Price action holding support on an important level, stable weekly RSI moving sideways. SPELL/BTC ratio is in a falling wedge and looks ready for a reversal (breakout not confirmed yet): Max target: $0.029.
CRYPTO:SPELLUSDLong
by function_mechanic
LINK — Approaching a Critical MomentChainlink (LINK) is again about to challenge the upper boundary of its descending channel. This barrier has been in place for most of 2024. Each time LINK tested this upper trendline, it faced rejection. However, the pressure is building for a potential breakout. Key Technical Points To Watch Descending Channel: LINK has been stuck in a descending channel, continuously forming lower highs and lower lows. Resistance: A breakout above the descending channel marks the first and most crucial step. However, LINK still faces multiple resistance levels on its journey higher. As a first challenge, LINK has to break past the $12–$14 zone, which has acted as strong resistance in the past. Mid-Term Target After A Successful Break Out Breaking out of the descending channel should ignite a massive upward move. The mid-term target for this breakout is around $28, representing a substantial rally from current levels. Intermediate Resistances On the way to $28, LINK will need to clear several hurdles: The $14 resistance level (historical rejection zone) Given previous price action, the $16–$18 range could act as a barrier. What Else You Need To Know? Watch the Volume: A breakout without a significant volume increase may lead to a false breakout. Market Sentiment: Logically, the broader crypto market sentiment will also play a crucial role in LINK’s performance. If Bitcoin and Ethereum continue showing strength, it could provide the tailwinds needed for LINK to make a decisive move.
Long
by ben_walther
2
MEW — Testing Key Resistance Within a WedgeMEW has been trading within a descending wedge pattern, which typically signals a potential reversal once broken. Currently, MEW is approaching a critical resistance level at $0.0048, which has repeatedly acted as a rejection point. 1️⃣ Key Technical Points • Wedge Formation: MEW consolidates within a descending wedge, gradually tightening its range. • $0.0048 Resistance: The $0.0048 level remains a crucial barrier. MEW has tested this level multiple times without breaking through. • If MEW can decisively clear this resistance, the next move could target the upper trendline of the wedge, around the $0.0055–$0.0060 range. 2️⃣ Potential Breakout If MEW breaks above the upper trendline, a more significant rally could ensue. The next target is likely to be around $0.007 and potentially higher. 3️⃣ Risk of Rejection If MEW fails to break the $0.0048 resistance, we could see another pullback toward the wedge's lower range or continued consolidation within this tight structure. 4️⃣ Summarized MEW is currently trading at a critical juncture. The $0.0048 resistance is the fundamental level to watch in the short term. If it breaks, MEW could rally toward the upper trendline and beyond, potentially targeting $0.007. However, caution is advised if it fails to clear this level, as another rejection could lead to further consolidation or a retest of lower levels within the wedge.
Long
by ben_walther
ROSE/USDT: FALLING WEDGE BREAKOUT! 70% POTENTIAL PROFIT!!Hey everyone! If you enjoy this analysis, a thumbs up and follow would be greatly appreciated! ROSE looks good here. It breaks out from the falling wedge-like structure in the daily time frame and is currently, retesting the wedge. Buy some here or you can long with low leverage. Entry range:- $0.052-$0.055 Targets:- $0.066/$0.076/$0.086/$0.096 SL:- $0.0465 Lev:- Use low leverage (Max 5x) What are your thoughts on ROSE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
Solana Name Service (FIDA) — a 45x opportunityNote that the project was previously known as Bonfida but renamed to Solana Name Service. Price action has been building some structure on an important support level since July. Weekly RSI has stabilized at 40 and is moving sideways. Falling wedge breakout against Bitcoin: Max target is at $10 which gives up to 4500% potential. Also, since it's a Solana ecosystem project, it gives indirect exposure to Solana which is a great thing considering all the hype around it. Like the idea? Boost it! Have an opinion? Leave a comment!
CRYPTO:FIDAUSDLong
by function_mechanic
3
BITCOIN - Price can start to decline inside rising channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price entered to rising channel, where it reached $61800 level, broke it, and continued to move up. Price reached resistance line, then it turned around and started to decline and soon exited from channel. Next, price continued to decline in wedge, where it declined lower than $61800 and $55700 levels, breaking its. Then BTC reached support line of wedge and then started to grow inside another rising channel. In this channel, price broke $55700 level and at the moment it trades near resistance line of channel. Possible, BTC can reach resistance line of channel and then start to decline to $55500 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
MUST SEE: The Perfect Setup - How to Make 50 %!Hey Future Demons I'm back again, and we don't have time to waste, so let's jump right into the TA. I want to spoil you today with the perfect setup. Everything aligns. It is beautiful. Its almost too good to be true. Let me make it very clear though, than nothing is certain when it comes to trading. I will put a 70 % credence on this setup though (Bayesian Reasoning). This is Neutron (NTRN). 1. We are in a huge descending wedge, which a bullish pattern (Perfect ABCDE) 2. The volume is dropping, which is what usually happens before we see a spike. It is also a sign, that traders slowly have been accumulating the coin. 3. Look at the RSI. We have clear bullish divergence. 4. The same goes for the MACD. Bullish divergence and a MACD-cross, which means that the Bulls finally are ready to take over. Kind Regards Laplace's Demon PS. Remember to LIKE and FOLLOW. I will continue to provide you with quality content, and my mission is to teach you how to outsmart the Elite, the big whales and Wall Street. Market Psychology is my biggest strength.
Long
by Lapl4cesDem0n
VANRY/USDT: FALLING WEDGE BREAKOUT! READY FOR 150% PUMP!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! VANRY looks good here. It breaks out from the falling wedge-like structure in the daily time frame and a retest is also done. Buy some here and add more in the dip. Entry range:- $0.086-$0.096 Targets:- $0.115/$0.145/$0.187/$0.232 SL:- $0.067 What are your thoughts on VANRY's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
Euro can rebound up from wedge to 1.1120 resistance levelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price rose inside the upward channel, where it reached the buyer zone, which coincided with the support level and some time traded in this area. Then, the price broke the 1.0830 level and soon reached the resistance line of the upward channel, after which turned around and in a short time declined to the support line of the channel and at once made impulse up, making a fake breakout of the 1.0830 support level. Next, the price continued to move up and later reached a resistance level, which coincided with the seller zone. After this, the price exited from the channel and broke even 1.1120 level, and then rose a little higher seller zone, but soon turned around and started to decline inside the wedge. In this pattern price broke the resistance level and declined to the support line, after which at once rebounded up to the 1.1120 level and then continued to decline. Now Euro trades near the support line of the wedge and in my opinion, it can rebound up from this line to the resistance level, thereby exiting from the wedge pattern. That's why my TP is located at the 1.1120 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
HelenP. I Gold will break resistance level and continue move upHi folks today I'm prepared for you Gold analytics. A few moments ago price declined to the trend line and then started to grow inside the wedge. In this pattern, Gold quickly rose to the support level, which coincided with the support zone, some time traded in this area, and later broke the 2475 level. After this movement, XAU rose to the resistance level, but at once turned around and fell back to the support level. Soon, the price rose to the 2525 level again, which coincided with the resistance zone and some time traded near, after which made a correction movement to the support level, which coincided with the support line of the wedge too. Next, the price at once rebounded up to the resistance level, then soon bounced and fell back, but not long time ago it in a short time rose back to this level. Now, I expect that XAUUSD will break the resistance level, exiting from the wedge too, and continue to move up. For this case, I set my goal at 2560 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
4
RUNE/USDT: LOOKS READY FOR A 100% PUMP!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! RUNE looks good here. Breaking out from the falling wedge pattern in a 12-hour time frame and currently retesting the wedge. Buy some here at this retest level and add more in the dip. Targets:- $4.96/$7.22/$8.88 SL:- $3.18 What are your thoughts on RUNE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
1
MultiversX (EGLD) Falling Wedge AlertMultiversX is showing a classic falling wedge pattern on the daily chart, a bullish reversal setup that suggests a potential breakout to the upside. Over the next year, swing targets point towards the previous all-time high (ATH) range of $500-$600, offering a long-term bullish opportunity for traders. Key Technical Highlights: Pattern: Falling Wedge (Bullish) Current Price: ~$25-$30 Breakout Target: $80-$120 (Initial swing target based on wedge height) Long-Term Target: $500-$600 (Previous ATH from 2021) Time Frame: 12 months (swing trade target) Why this setup looks strong: Converging Price Action: Price action is tightening, with lower highs and lower lows inside the wedge, suggesting that a breakout is likely imminent. Volume Decline: A typical feature of falling wedges is decreasing volume, indicating consolidation before a potential breakout. RSI Divergence: RSI shows bullish divergence, adding strength to the argument that sellers are losing momentum. Strategy: Entry: Consider entering on a confirmed breakout above $35-$40 with strong volume. Stop Loss: Set below $20 for risk management in case of a failed breakout. Targets: Short-term: $80-$120 (based on wedge height) Long-term: $500-$600 (previous ATH in late 2021) This setup presents a promising risk/reward ratio for long-term investors looking to swing trade MultiversX. Keep an eye on key breakout levels and confirmation signals. This is not financial advice. Always perform your own research and trade responsibly.
CRYPTO:EGLDUSDLong
by STP_MrNodeItAll