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Wedge

Euro can decline to support level and then continue to move upHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some time ago rebounded from the resistance line of the wedge and fell to the support line, which coincided with the resistance level and started to grow. In a short time, EUR rose to the resistance line and then started to decline, thereby exiting from the wedge. Price continued to decline inside the downward channel, where it broke the 1.1000 level, which coincided with the seller zone and reached the support line, but at once rebounded and made a retest. Then it continued to fall and later reached the 1.0760 support level, which coincided with the buyer zone, after which turned around and bounced to the resistance line. Euro exited from the channel and continued to grow near the resistance line. When the price reached 1.0825 points, it made a downward impulse, thereby breaking the 1.0760 level, but a not long time ago it turned around and rose back. At the moment, the Euro trades near the support level, and in my mind, the price can correct to the support level and then continue to move up. Therefore I set my TP at 1.0900 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
10
BITCOIN → Is the $100K target becoming more and more realistic? BINANCE:BTCUSD is in the bull run phase and updating highs due to the excitement of the US presidential election. After 8 months, there are finally reasons for the price to come out of the prolonged accumulation. Now the distribution. BTC has one bullish driver after another as it approaches ATH: Trump's victory in the US presidential election. Then the second 0.25% Fed rate cut in this cycle Discussions about BTC as a strategic reserve. Next is the SEC. Trump promised to get rid of the head of the SEC, so the choice will be made in favor of a more loyal to cryptocurrencies person. In general, the fundamental background for cryptocurrencies is very bullish, altcoins may finally go straight to the moon. Technically, bitcoin has a key resistance of 76900 at the moment, as well as key support zones, which is worth paying attention to as the price has been forming a local accumulation for two days. Accordingly, the move may continue in the near term. Resistance levels: 76900 Support levels: 75650, 74560, 73550 The price is squeezing in front of the resistance, which may lead to a breakout. But, the liquidity is decreasing on the weekend, which may lead to a small correction, for example, to 75650 or other areas lower on the chart. We can't talk about any selling now, the reason is obvious, so we are looking for strong resistance levels (to continue the movement), or strong support levels (to bounce with the purpose of buying). The target of 100K is becoming more and more real ;) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Long
by RLinda
15
AI/USDT: BREAKOUT ALERT! READY FOR 40% MOVE!!Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! AI Update: It’s looking strong! AI is breaking out of a falling wedge structure on the 4-hour timeframe and appears poised for a 35-40% move to the upside. Consider taking a position now and adding more on dips. Entry Range: Current Price (CMP) and add more up to $0.39 Targets: $0.445 / $0.481 / $0.555 Stop Loss: $0.369 Leverage: Use low leverage (Max 5x) What’s your take on AI’s current price action? I’m seeing a promising bullish setup here! Share your insights and analysis in the comments below!
Long
by CoreCrypto1
3
Rising Wedge.. BTC short position...Although the market has a strong bull momentum despite the positive dynamics, prices need to rest and correct after a point, and in this regard, tokens purchased at low prices need profit realization. I wonder if we are there now. First of all, I detect that there is a rising wedge formation on my chart. Then, we witness that the 5 indicators on the left, which represent momentum, have lost their power in the Market Sentiment Technicals indicator, which is LuxAlgo's magnificent indicator. Prices are still bullish, but the trend has not changed yet. But there are signs of change and risks are taken for this. In the Market Sentiment Oscillator at the bottom, we are faced with an oscillator line that becomes weaker and peaks lower each time, despite the upward prices. This trace gives a clear sign of discordance. In such a case, we are sure that prices will go lower at the wedge break. The right thing to do is to wait for a breakout and enter the transaction.
Short
by mysticbluee
1
DJT a winner in life. A winner in the market? Hello Traders, Quite obvious large wedge pattern emerging here, with price action sitting on a solid support. If it breaks support below shown on the chart, we will more likely than not, come down between $10 & $11. This would have course be our best entry point. Could it happen? OF COURSE, this is why we do TA! It is to assure we have a plan for all possibilities and minimize risk along the way! That being said, where price action is currently, we could very likely start next week with a green candle and continue it through mid week and if so my plan is to start buying some contracts If the week closes green. Possibly a few if we get two green closes M & T. it’s very likely to break out in the next month or two. Maybe within another 1-2 weeks. If we see a solid green candle close next week. In addition, look at that massive sell volume that couldn’t even break support. My money is on the bounce and then breakout here where we stand! Best of luck and always follow the path of less resistance and have a plan for a diverging outcome! This is law if you want to be consistently profitable! Stay Profitable, Savvys
NASDAQ:DJTLong
by Crypto_Kinfolk
6
Gold can make small correction and then continue to move upHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some days ago entered to wedge, where it at once rebounded from the resistance line and started to decline to the support line. When the price dropped to this line, it broke the 2650 level, after which later, Gold started to grow and in a short time backed up to the 2650 level. Soon, the price broke this level one more time and then made a retest, after which continued to move up. In a short time price rose to the resistance level, which coincided with the seller zone, and then started to trades between the 2740 level. Later, the price broke this level and rose to the resistance line of the wedge, and even exited from this pattern. But then it dropped to the seller zone, some time traded inside, and then made a downward impulse to the buyer zone, breaking the 2740 level. After this, Gold started to grow and now it continues to rise to this day. So, in my mind, Gold will little correct and then continue to move up to the 2740 resistance level. For this case, my TP is at this level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
Ishares 20+ Year Treasury Tumble with -15% crash ??On the above monthly chart price action has seen a nice 25% rise since November 2023. A number or reasons now exist to be bearish. Incidentally, with all the recently published ideas on Tradingview, Without Worries appears to be the only one who is bearish. The reasons? 1) Broken market structure confirmation. 2) Active price action resistance. 3) Rising wedge. A breakdown confirmation will see price action correct 17%. 4) $76 is the next support level, which is incidentally the measured move forecast by the bearish wedge identified in (3). Is it possible price action continues to rise as most of Tradingview is calling for? Sure Is it probable? No. Ww
NASDAQ:TLTShort
by without_worries
21
TON's Situation: What Shall we Expect ??Now is the time for TON to grow. I don't know why, but TON reminds me of BNB in 2020 because we underestimated this coin a lot. As you know, this coin plays a key role in the Telegram messenger, which can gradually increase the value of this coin significantly. Technically, TON is in a rising wedge, which can lead to an increase in price to the target shown in the chart after a breakout. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
Bitcoin weekly chart. A hint at how its price may head very soon My understanding is that BTCUSD has already broken the breakout top-line of the weekly cup, it was a price at about 73,750. I could be wrong, but approximately correct. This means BTCUSD has broken out already. This weekly chart of bitcoin contains the famous weekly head n shoulders pattern that first started forming back in 2021 or was it 2022? Either year is long enough. In the chart you will also see a rising wedge on this weekly chart. Well bitcoin is climbing to the top right now and does not have far to go. USD might be very strong today so it may not be the session for Bitcoin, but Bitcoin is so resilient to the USD that anything is possible and BTCUSD moves fast when it wants. Price will bounce out of the top of wedge and become independent to formations, before it makes a short retrace and then heads over the critical area which is the Cup top-lining. This will probably happen very quickly but there should be a retest of the breakout zone. Also, you want to view the price action on a very low time frame, like 1m to 5m. There will probably be a bullish rising wedge that price also moves in before separating and breaking out. Good luck.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
BTCUSD | 95K Target 1:1 Move | BullishThis will be the first big trade at the start of the exponential cycle we're about to witness for the 5th time in BTC history. Considering the descending broadening wedge pattern, a 1:1 move into the pattern gives a price target of roughly $95k. It can also been seen as a flag pattern which also reads a $95k impulse target as seen below: If you want to look at more longer-term targets and analysis of CRYPTOCAP:BTC , I've attached 3 of the charts I've made which will satisfy that long term bullish outlook. Best of luck to you all out there involved in this space and remember, manage your risk appropriately.
BITSTAMP:BTCUSDLong
by Mt.BFX
Bitcoin is Ready to Take Off!Bitcoin technical analysis update Yesterday CRYPTOCAP:BTC price touched the broadening wedge support line and the previous major support zone at the $50K level. currently, the price is bouncing from this major support and moving towards the broadening wedge resistance. We can expect a gradual bullish continuation from the current level. We could see a strong bullish move once the price breaks the broadening wedge resistance, potentially reaching $100K. Swing and positional traders can enter a long trade in BTC with a stop loss set at $49,000. Regards hexa
Long
by HexaTrades
5