#Ethereum #ETH - looks like bearish confirmationETH might confirm the rising wedge breakout and start another leg down
But we have an invalidation point at $1,672.5
Fingers crossed for all ETH HOLDERS, dear Crypto Nation
Comments & FOLLOW appreciated 🤗
*not financial advice
do your own research before investing
Wegde
AUDCHFClassic AMD Trade In SnD Schematic
Daily Time-frame On The Left Breakdown
Using The PD Arrays We Have Identified That Price Is At Discount Price Prior To The Latest 2021(Nov & Dec) Swing High And Swing Low
We'll Be Looking To Frame Sell Setups That Would Meet The PD ARRAYS
Discount PD Arrays
> Old High
> Rejection Block
> Bearish Orderblock
> Fair Value Gap
> Liquidity Void
> Bearish Breaker Block
> Bearish Mitigation Block
Let's Checkout Our PD ARRAYS
> Old High ✔️
> Rejection Block (Not Found In The HTF)
> Bearish Orderblock (Labelled $$$> Which Acts As A Supply Zone Also) ✔️
> Fair Value Gap ✔️
> Liquidity Void ✔️
> Bearish Breaker Block (Pending)
> Bearish Mitigation Block (Pending)
We Looking For A Small Pullback to Filled The Liquidity Void Which Will Validate The Setup On The Right , The STF Setup.
2H Time-frame On The Left Breakdown
We Have Divergence , Oscillator Showing That Price Failed To Make Higher Highs, We'll Apply That As A Reversal Symbol Followed By Reversal Price Actions
Rising Wedge Pattern Formed , Yet Hasn't Broke Out
Wedge Patterns Usual Form Reversal Patterns Like Head And Shoulders And M-Formations OR Both
The Reversal Pattern Will Determine Our Directional And Entry Point
We Have A STF Classic AMD Trade , Our A Box Is Complete
> M = Has Already Set In We Waiting For The D Movement To Take Out The Low And Retest At The Equilibrium Of The A BOX
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NZDUSD breaks the Wedge! 17.06.2021>> After the FOMC statement yesterday, which favored the dollar, the pair broke the support 0.7101 and reached to 0.7041.
>> I don't think that it's the end though. As the arrow shows, the distance downwards should be the same as the distance of the previous arrow when thinking/estimating based on a technical perspective.
My Trade Ideas GBPUSD Hellooo...My Dragon Friends
I close my sell if we break 1.4170 (cross inside bar), neckling SHS (tf 30/15 M). break wedge/triangle too.
so if break 1.4170 I will make buy and TP to 1.4250-70 (we can get 100 pips).
with SL at 1.4109
Lets See
Happy Trading
Smart Trading
Money Management
Risk Management
Disclaimer On
GBP/USD Day timeframeGood morning, here is my analysis for GBP/USD, i belive the pair will go in Uptrend until 1.2750 with some breaks in middle, and can do a suport in 1.2500 and reach its peak of 1.30000 in April, where ir "completes" its Falling Wedge. Again, it is my opinion, and if more experienced trades see this, please contact so i can improve skills.
Thanks!
Bitcoin dominance Formation of an ascending wedge before halvingBitcoin dominance chart by market capitalization. Perhaps an upward wedge will form before halving. Then a strong drop in the dominance of bitcoin and pumping altcoins. I showed the zone for a more likely reversal on the chart, although the entire zone for observation is the line of the uptrend.
You also need to understand that the situation can change quickly if domination breaks the uptrend line (red line) and consolidates below it. This will mean the beginning of a downtrend and the beginning of a full-fledged pump of the viola season in which most already do not believe, and this is a good sign.
Domination is for a long time near this trend line of the uptrend, and the further in time, the situation is heating up. Sooner or later we will see her breaking through. I think everyone is looking forward to it.
NLG decision day upon us! 600 SAT or 40 SAT?Hello dear followers,
First of all I would like to say that Gulden is a great project from the Netherlands, it has a real use case, you can pay with them at numerous online shops and at the markets. The development team is very active and they are constantly looking for ways to make the chain stronger and the coin more user-friendly. However, this positive development cannot be said about the price unfortunately.
I have made a TA on the NLGBTC chart.
I see the possibility for two scenario’s, and I must say the no-one can tell which one will play out until we break the wedge pattern to one side.
The bearisch scenario: Gulden is trading in an descending triangle, which has broken to the downside and has an extrapolated target of 40 Sats. Is has tested the 400 Sats with a wick and is has now become resistance clearly.
The bullisch scenario: Gulden is trading in a Falling Wedge pattern, like many altcoins do at the moment. This is a bullish pattern, but means nothing until we break it to the upside. When we do so, it has a target of 600 Sats. Also the ADX and DI had a bullish cross, but the lines are already coming closer to each other and the momentum is also decreasing.
So this is an exciting time, which scenario will play out?
You can also take a look at my BTC idea and possibly leave a like.
Trade safe!
Oil failed H&S and ready for a correction?On the left we can see a big inverse H&S for oil. I had many questions the past weeks about this one from my members. The all got the same answer: The shoulders are too small, especially the right shoulder. There are always 2 important factors to take into account when doing TA or determine waves, those are time and price. Meaning, the right shoulder could have been small in price, but then it had to be much bigger in time. Or the other way around. With this H&S, both are very small so they fail almost every time.
Anyway, i am looking for another small wave up like the blue line. If that happens, and we stay below the previous low AND we break that trend line, i will probably short this one. The 52 zone seems to be a good support level, so if i get into this trade, i will take some profits there to reduce the risk.
Previous analysis: