BTC Dominance (Prj.Y19.P2.E1).Near reversal zoneA number of points to make.
> Descending wedge in play with the probability or likelyhood to break out on the upside
> Previous descending wedge did break up
> EMA ribbon is hinting a constriction and a breakout near
> We have a double bottom with an acting support line from the previous resistance, as per the red zone\line at 68.2%
Its possible that its already broken out
Close up view
Macro view on the 4 HRLY
We have the 20, 100 and 200 EMA's on the 4 HRLY
Daily chart view
Wedgepatterns
ZCASH Wedge Trade Setup // ZECUSD 4R TradeTrade set up for ZCASH (ZECUSD) using the falling wedge pattern. Wait for the broken level of the resistance line becoming support. Enter on the retest of the support line for a LONG position.
ZECUSD continued to respect the horizontal support resistance line that I drew weeks ago.
long term channel and falling wedgeFalling wedge on Daily/Weekly timeframes that is in sync with a rising wedge on the USDEUR pair.
We should see a little boost up before end of august.
I'm currently spectator and see if we either retest the support line or try to break up the resistance from here.
Only sharing this chart to get some thoughts out of you guys. I'm currently in the middle of the learning curve and I'm after comments and advices.
Thanks !
We're still in a wedge. Get some sleep traders. My previous wedge is still valid. Had a $80 fall and rise at the wedge closing. But overall, we are in a bigger wedge. We'll be going sideways for another day.
Analysis is still that we're going down to 3200's, we might get a possible retrace to the last support around 3600, then crash down.
Go get some sleep.
My Past 4 Wedge calls I"ve caught these 4 wedges over the past 3 weeks. I've noticed that whether ascending or descending doesn't matter in crypto, but you will definitely get big price movement at the tip. I buy in when the wedge is closing in and set a very tight stop loss. Then ride out the ridiculous price fluctuations.