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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
Icpusdt Trading opportunityThe ICPUSDT pair has shown promising signs of emerging from a possible downward trend, with the price encountering a substantial resistance zone around the $15.40 level. A modest pullback is anticipated at this point, which is likely to precede a bullish momentum. We have identified the retracement target, which is where we aim to re-enter the market. Additionally, we have accounted for a key support level near the $4.67 threshold. Our intermediate and ultimate price objectives have been outlined on the provided chart. It is crucial to monitor the immediate resistance level closely; should it be breached, we recommend entering a position as the asset retraces to this level, which is expected to act as support, with our established targets in mind. We welcome your thoughts and endorsements on this analysis. Thank you for your engagement.
by weslad
14
Assessing Gold's Direction Through Asia Tuesday 10 Sept. Gold & the way it moves reminds me of the famous Pacman-game of the 1980s. Those were the days because not many of us were forward thinking enough to see and look into the future about how incredible gaming would become. We were happy with games like pacman and space-invaders. I get all the 'gaming' I need from Trading the markets. Please see my chart. It is possible that Gold will dip as it is moving in a rising wedge and right at the top right corner golly-gosh would you believe, which means Pacman may want to head south and chew up some Stops. After all it is nearly lunchtime in Australia presently, Later.
EIGHTCAP:XAUUSDLong
by Easy_Explosive_Trading
1
EUR/AUD SHORT Euro Weakness : The European Central Bank (ECB) is expected to maintain a dovish stance, with potential rate cuts extending into 2025 due to weak economic growth and persistent inflation concerns. This, coupled with fragile economic recovery in the Eurozone and political uncertainties in key countries like France and Italy, is likely to keep the Euro under pressure. Weak manufacturing data further adds to the downside risk for the Euro. Australian Dollar Resilience : Despite economic challenges, the Reserve Bank of Australia (RBA) maintains a tightening bias, which creates a favorable rate differential compared to the ECB. While weak commodity prices have affected the Australian Dollar (AUD), Australia's export-driven economy, particularly in metals and energy, may provide support if China's economy stabilizes. Additionally, the AUD could benefit from any improvement in global risk sentiment.
by kierianf
2
Bold Maverick vs. Cautious Rabbit: XAUUSD Wedge Breakout BattleMaverick Approach: As a Maverick, you're always looking for opportunities to make aggressive moves when the risk/reward seems enticing. Here's what stands out: Retracement into a Key Support Zone: The price is pulling back near the lower support channel and hovering around 2,498.860, just above the earlier consolidation zone. A Maverick would see this as a potential buying opportunity, betting that price will bounce off this support level and move back toward the previous high around 2,531.861. Given the structure, it's a chance to enter a long trade while the market is still within the rising wedge. Action: Jump in for a quick buy at this level, looking to ride the bounce. Your bold side may put a take-profit target near the ATH or just shy of it, around 2,525 to avoid getting caught in the resistance zone. Stop-Loss Strategy: To protect from a breakdown, you'd want to place a tight stop-loss just below the wedge, around 2,490. The Maverick thrives on action, but with controlled risk in case the price falls. Rabbit Approach: The Rabbit focuses on digging deeper into the structure, ensuring everything is aligned before taking a position. Here’s how the analytical approach works: Rising Wedge and Bearish Implications: The rising wedge pattern you're trading within is typically a bearish signal. This pattern suggests a potential breakdown, especially if the price doesn't hold the current support level. The Rabbit would want to see multiple confirmations that buyers are stepping in before entering long. Waiting for a strong reaction or a higher low at the wedge boundary (around 2,490-2,495) would be ideal before considering a position. Caution: Be wary of a break below the wedge, which could signal a bearish continuation back down to 2,470.907 or even lower. Consolidation Zones for Reentry: The Rabbit would focus on the previous consolidation zone around 2,470.907, treating this as a potential re-entry point for longs if the price breaks the wedge support. That zone has shown strong buying pressure, making it a safer play. Plan: If price revisits this zone with a strong bounce, it would offer a much lower-risk buy with a greater reward potential, aligning with the Rabbit’s need for precision. Combined Strategy: Aggressive Entry (Maverick): Buy at the current level (2,498), targeting a bounce back toward 2,525 or higher, with a stop-loss under the wedge (2,490). This setup is more for short-term profits before any wedge breakdown occurs. Conservative Entry (Rabbit): Wait for confirmation at 2,498 or for a break below to re-enter near the 2,470 support. Ensure that the wedge pattern doesn’t break down entirely before committing to a long trade. Conclusion: For the Maverick: Act now if you see this as a low-risk bounce trade, aiming for quick profits near the ATH, but with the understanding that momentum could shift fast. For the Rabbit: Be patient, observe price action at key levels, and avoid chasing a move that doesn't align with the bigger structure. Waiting for a retest of 2,470 or a clear bounce is your higher-probability play. Whichever archetype you're channeling, stay sharp, and don’t let emotions get in the way!
OANDA:XAUUSD
by MommaPreneur
EUR/USD 4H Analysis: Rising Wedge and Emerging Triangle PatternOverview: EUR/USD on the 4-hour chart has experienced a bearish breakdown from a previously formed rising wedge pattern, followed by a retest of the broken support now acting as resistance. The price action is currently consolidating into a new triangle pattern, suggesting potential indecision or a continuation move. Technical Indicators: - Trend : After breaking down from the rising wedge, EUR/USD briefly retested the broken trendline as resistance. The price action is now consolidating into a triangle pattern, indicating a potential continuation of the bearish trend or neutral consolidation before the next move. - RSI (Relative Strength Index) : RSI is near neutral levels, reflecting the current consolidation phase. - Volume : Volume has decreased during the formation of the triangle, which is typical in consolidation phases and may precede a breakout. Key Levels : - Resistance : The top of the triangle pattern is at 1.1195, which is also the highest point of the previous rising wedge pattern. - Support : The lowest point of the triangle pattern is at 1.0956. Potential Scenarios : 1. Bearish Continuation : A break below the lower boundary of the triangle at 1.0956 would suggest a continuation of the bearish trend initiated by the rising wedge breakdown. We are more inclined towards this scenario given the prior breakdown and retest behavior. - Entry : Consider short positions on a confirmed break below the triangle support at 1.0956. Alternatively, it is possible to enter now at 1.1085, given the bearish inclination and current price level. - Stop Loss : Place a stop loss above the recent highs within the triangle or near the triangle's upper boundary. - Take Profit : Target lower support levels at 1.09500 and 1.08000, which are indicated on the chart, aligning with prior swing lows or significant Fibonacci levels. 2. Bullish Breakout : Although the prevailing trend and our inclination are bearish, a breakout above the triangle’s resistance at 1.1195, which aligns with the highest point of the rising wedge, could signal a potential reversal or correction to the upside. - Entry : Look for long entries on a breakout above the triangle resistance with strong momentum. - Stop Loss : Set stops below the lower boundary of the triangle or recent lows. - Take Profit : The initial targets for a bullish scenario can be set at 1.1190 and 1.1240, aligning with previous resistance zones or Fibonacci retracement levels. Market Context: Upcoming economic events, specifically the release of the Consumer Price Index (CPI), Producer Price Index (PPI), and unemployment claims, could significantly impact the USD. It will be crucial to observe how EUR/USD reacts at the time of these releases, as they could act as catalysts for a breakout from the current triangle pattern or shift the market sentiment in either direction. Conclusion: EUR/USD is at a critical juncture, consolidating in a triangle pattern after the breakdown and retest of a rising wedge. While a breakout in either direction is possible, we are more inclined towards the bearish scenario given the prior breakdown and retest. The trading levels for the bearish scenario, including supports at 1.09500 and 1.08000, are indicated on the chart. It is also possible to enter a short position now at 1.1085, given the current price and bearish setup. Bullish targets are set at 1.1190 and 1.1240, with the triangle's top at 1.1195 aligning with the highest point of the rising wedge, and the lowest point of the triangle at 1.0956. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Past performance is not indicative of future results. Always conduct your own research or consult with a professional before making trading decisions. Thank you for following our analysis! We hope this insight helps with your trading decisions. — RisingStarFrX
Short
by RisingStarFrX
BTC at some support levelsLets look at BTC. Some people have been saying that its getting ready to take off again, so I wanted to do my own analysis. I've got three indicators I'm using here. - Wedges/channels (the thin green lines) - Fibs - the gold colored fib levels - Wick Strength - the oscilalator at the bottom First, Wedges. We can see that price is at the bottom of a wedge/channel. Its been pretty consistent on the plotted wedges that breakouts have been significant. However with the support of the Wick Strength as well as support of the 0.382 fib level, it looks like we might return to the top of the channel rather than crashing through the bottom. Next, Fibs. Fibonacci are one of my favorite technicals and popular for a reason. Look at all the times price has bounced right off a near-exact fib level! Recently BTC hit the 0.5 with a STRONG support. And here we are again at the 0.382. Looking left on this line we can see multiple wax and wick bottoms rejecting at this price point in recent months. Lastly, Wick Strength. I'm still learning this one as its new, but here's what I've seen. In up markets, Wick Strength is low, because there is constant downward pressure from all the bears. So the top wicks are long, and the bottom wick are short. (Indicating that bulls are stronger since wax is bullish, but bears still have a voice and top wicks are longer than bottom). In down markets, its the opposite, and the Wick Score goes up due to longer bottom wicks by the bulls. Here, Wick Strength is relatively high actually, and we're in a flag price action pattern. Looking like Wick Strength will come down as the market takes off bullish again. Just at thought! We'll see what happens. What do you think?
COINBASE:BTCUSDLong
by marketscripters
BITCOIN BULLISH WEDGE @80K$BITSTAMP:BTCUSD. Should we be worried or be exited about the price action of #Bitcoin. Looking at the price action of BTC we can see that there is a lot going on in the market and some traders are really worried about the next move for Bitcoin. So looking at the current price action, we can clearly see that Bitcoin is forming a falling wedge pattern which is a bullish continuation patten, also if we look at the current price level of 53k, we can see that price has been experiencing some rejections at this area. If Bitcoin should bounce off from this price zone, we should see a retest of the 60k area but if fails and breaks below we should see a proper rejection from the 50k area. Now the question is should we be worried about the 40k which stands as demand zone which we could definitely see Bitcoin retest that area if it fails to hold support around the 50k level. looking at the price action and the fundamental activities like CPI, UNEMPLOYMENT CLAIM and many more, we should probably expect some huge volatility which either push the price down to 50k or up to 60k levels respectfully. My suggestion to any who want to invest in Bitcoin or any other Cryptocurrency is for them to wait for proper rejection and support for Bitcoin. PLEASE DO ME A FAVOUR BY # FOLLOW FOR MORE WEEKLY MARKET UPDATES, # LIKE AND POST THE POST, IF YOU LIKE WHAT I DO YOU CAN SHARE THE POST. THANK YOU AND HAVE A LOVELY TRADING WEEK.
Long
by Jahson23
1
HelenP. I Bitcoin will make small move up and then continue fallHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price rose to resistance 2, which coincided with the resistance zone and broke this level. Then it rose a little higher than the resistance zone and some time traded near until it reached the trend line and then BTC started to decline. In a short time price declined to resistance 1, which coincided with one more resistance zone, breaking resistance 2. As well, the price started to trades inside the wedge, where it rebounded from resistance 1 and tried to grow, but failed and soon dropped back. Some time later BTC fell to the resistance zone and at once rebounded to the trend line, which is the resistance line of the wedge also, and then declined to the support line of the wedge, breaking resistance 1. Recently price bounced up to this level and tried to break it, but failed and now trades below. In my mind, BTCUSDT will make a small movement up and then continue to decline to support line of the wedge. Therefore I set my goal at 54800 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
15
QUICK/USDT: READY FOR AN ATH!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! QUICK 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 and add more in the dip. Entry range:- CMP and add more up to $0.04 Target:- 100-150% SL:- $0.035 What are your thoughts on QUICK's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
2