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Falling Wedge

IOTXUSDT - IoToX is stronger amid a weak market BINANCE:IOTXUSDT is proving strong amid a weak market and the fall of the flagship cryptocurrency. A dense pre-breakout formation is forming on the chart, which can give a great move if a number of conditions are met BINANCE:BTCUSD is declining, the market failed to strengthen above 28000 and the price is falling to 26000. On the background of the 5-day fall of the flagship IoTeX / Tether feels quite confident. Growth and resistance breakout is formed. Consolidation formed under resistance will be enough for resistance breakout and active momentum formation. Altcoins periodically get potential at the transition of capitals between assets, which is most likely formed and IOTX. Earlier MA-50 was broken and the price is preparing to test MA-200 in the near future. The breakthrough of the second one will give a good leverage for growth. Targets in the medium term should be considered 0.02386 and 0.03036. Support levels: previously broken figure line, 0.01610. Resistance levels: 0.01866 I expect consolidation above the range and subsequent breakout of 0.01866 resistance. Regards R. Linda!
Long
by RLinda
15
XTZUSDT → Breaking resistance, entering a new rangeBINANCE:XTZUSDT tried to break the support at 0.708 and let the price go lower, but at some point the market held the area, forming a local bottom. After a false break of support, the price breaks consolidation resistance At the moment the market is testing the possibility of transition from the consolidation phase to the phase of realization of the accumulated potential, which can be accompanied by distributive growth. The price fixing above 0.708 level will confirm the entry into the range (new corridor) and in this case Tezos/TetherUS will open for itself the way to the setup resistance. The 3-4 month accumulation in the coin can give us a pretty good medium-term potential, within which the market can hit targets such as: 0.921 and 1.259. The price is breaking MA-50 and aims to test MA-200. Support levels: 0.708, 0.633 Resistance levels: 0.742, 0.921 In the long term, I expect the bulls to consolidate the market above 0.708 and form a distribution towards 0.921 Regards R. Linda!
Long
by RLinda
10
BAKEUSDT → Breaking through resistance opens up the potential BINANCE:BAKEUSDT is trying to move into the phase of realization of accumulated potential. A consolidation above the 0.1421 level will be a good starting point. If we break through the resistance of the range, we can get a gorgeous bullish potential (targets are indicated on the chart) BINANCE:BTCUSD shows good dynamics for the medium term. The price after the false breakdown of resistance does not fall and there are prerequisites for a possible strengthening of the price to 30000, which will give a great kick in the butt to altcoins if the total capitalization increases. From a fundamental point of view, the cryptocurrency is still turbulent and there is not much bullish news (strong news). But bitcoin is showing strength relative to the SP500 ( CAPITALCOM:US500 ) - and that's good for us. In terms of technical analysis BAKE: the price breaks the resistance of the annual descending wedge and we get a signal for further strengthening of the price. In the nearest future the market may test the previously broken level of 0.1421 and if the bulls successfully consolidate the position, the price may give a start towards 0.2339 and 0.2840. Moving averages indicate consolidation and show a hint of something interesting. Support levels: previously broken wedge boundary, 0.1421, 0.1161. Resistance levels: 0.1580, 0.1882, 0.2339. Since we see the breakout of the resistance of the figure, in the long term I expect the formation of the realization of the accumulated potential in the form of a bullish impulse to 0.2339, 0.2840. Regards R. Linda!
Long
by RLinda
21
AAVEUSDT → The stage is set for a breakthrough of resistance BINANCE:AAVEUSDT is forming a retest of the wedge resistance amid the cryptocurrency market strengthening. When breaking through the resistance of 72.4, the market may move to realize the accumulated potential In terms of technical analysis, AAVEUSDT forms a neutral correlation following BINANCE:BTCUSD . The market reacts to all the movements of the flagship, therefore, if the one starts to strengthen, AAVE will grow and vice versa. On the chart, there is a large enough potential for a market reversal. Consolidation is formed within the flat and between the garnets of the wedge. Global growth of the market is separated by resistance 72.4 and 91.3, when the price goes beyond it the active growth will start. This is acceptable in medium-term and long-term frames. Our task at the moment is to follow the specified area and wait for the breakout of resistance. Moving averages indicate the formation of accumulation. Support levels: 64.75, 60.3, 55.2 Resistance levels: 72.4 In the long term I expect a retest of resistance with further growth towards 91.3. Regards R. Linda!
Long
by RLinda
7
🚀📉 CAKE/USDT Falling Wedge Setup with Weekly Bullish DivergencHey Traders! 📣 Exciting news on the CAKE/USDT chart! We're eyeing a potential short-term setup with the falling wedge pattern! 🍰💰 📊 Technical Analysis: Falling Wedge Pattern ✅ Weekly Bullish Divergence ✅ Potential Breakout Soon! 🚀 🎯 Entry Point: Consider an entry upon a breakout above the upper wedge trendline. 🎯 Short-Term Take Profit Targets: Target 1: Around $2 🎯 Target 2: Around $3 🚀 Target 3: Around $30 (Completion of the Wedge) 🍰📈 🛑 Stop-Loss: Implement a stop-loss strategy to manage risk effectively. 📅 Timeframe: Keep a close watch on this setup as it develops in the short term. 📈 Bullish Potential: Falling wedges often lead to rapid bullish moves, and the weekly bullish divergence adds to the excitement! Remember, trading involves risk, and it's essential to conduct your own research and manage your risk accordingly. Let's keep a close eye on CAKE/USDT and aim for those sweet short-term gains around the trendline resistance! 🍰📉💰 Happy Trading! 🚀📉🤞 #Crypto #TradingView #TechnicalAnalysis #FallingWedge #ShortTermTargets
CRYPTO:CAKEUSDLong
by STP_MrNodeItAll
GOLD → There's no place to shop. Bear Market ↘︎OANDA:XAUUSD shocked a lot of people in the last week, but we were ready for it and I have been setting medium term targets like 1875, 1850 and even 1800 for quite some time. On Friday the market closes below 1850 and within the candlestick analysis there are preconditions for further fall. In the coming week there will be important news that will help to determine the medium-term outlook. Pay attention to such data as. -ISM Manufacturin, FED Chair Powell Speaks - NonFarm E.C., SP Global Services, Non-Manufacturing -Initial Jobless Claims -NonFarm, Unemployment Rate Fundamental factors are a significant part of the leverage that drives the market. The TVC:DXY is currently under the influence of a positive fundamental background, which is quite negative for gold From the point of view of technical analysis we see a strong distributive movement. The probable target of this movement may be the following zones: 1827, 1809, 1773, the targets are shown on the chart above. These are important liquidity zones in the medium term. At the moment gold is in an empty range (no volume density zones). The price can reach the lower boundary of the main flat - 1809 - quite quickly. But, on Monday, from the opening session the price may form a small pullback to form consolidation. The correction may be directed to 1860, or even to 1875, but there are no signals to start a strong growth now. We expect a fall to 1800 OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
31
📉🚀 #FLOW/USDT Falling Wedge Setup Alert 🚀📉Hey traders! 📣 I've identified an exciting opportunity on the $FLOW/USDT chart. 🧐 📉 Price Action: FLOW is currently forming a falling wedge pattern, which can be a bullish sign! 📈 📊 Technical Analysis: Falling Wedge Pattern ✅ Decreasing Volume ✅ Potential Breakout Brewing ✅ 📅 Timeframe: Keep a close watch on this setup as it unfolds, and patience may pay off. 🎯 Entry Point: Consider an entry upon a breakout above the upper wedge trendline. 🚀 🛑 Stop-Loss: Prudent risk management suggests setting a stop-loss just below the lower wedge trendline. 🎯 Price Targets (Next 3-6 months): Short-Term: Target the wedge's upper trendline, aiming for $0.80 - $1.00 🎯 Mid-Term: If momentum continues, target $1.00 - $1.40 🚀 Long-Term: For the patient traders, the wedge's full potential could reach $1.40 - $3.00 🌟 🚀 Major Swing Target: The ultimate goal is a swing to the top of the wedge at ~$28. 🌠 Remember, always conduct your own research and use appropriate risk management strategies. Let's keep a close eye on $FLOW/USDT as it approaches the wedge apex! 🤑💰 Happy trading! 📈📉🤞 #Crypto #TradingView #TechnicalAnalysis #FallingWedge #BullishSetup
CRYPTO:FLOWUSDLong
by STP_MrNodeItAll
Bitcoin - Ready to reach 30k! (watch this trendline) Bitcoin is bullish and is ready to reach 29167 in the next few days or at the start of October. Of course, 30k will follow, but 29k is a strong resistance, and we should see a pullback from it! Watch this yellow trendline, which is a gateway to the ultra-huge bull market. Once it breaks, I expect a massive uptrend, but be aware of a possible retest first. Your stop-loss needs to be safe! So why is the 29167 level of resistance strong? We have the 0.618 Fibonacci retracement of the previous downtrend, and we also have a point of control on the volume profile. What's more, it's the start of the fair value gap. I am definitely expecting a pullback from it! It's always important to do an Elliott Wave analysis because it gives us an outlook on the overall trend and market structure. In the downtrend from 31k to 25k, I see a complex correction—the triple-three pattern WXYXZ. This is a corrective move and shows a lot of weakness. That's why I am bullish! 26k is still a good price for Bitcoin to buy in the long term because I expect 120k in 2025. Why 125? Check out my profile or my previous analyses! It's also important to watch altcoins and how they are doing because it gives us another good indicator for Bitcoin. Of course, altcoins such as ETH, XRP, and DOGE are bullish. This was a quick update on the local price of Bitcoin. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
162
📉📈🚀 #APT/USDT Falling Wedge Setup Alert 🚀📈📉📉 Price Action: APT is currently forming a falling wedge pattern, which is often a bullish reversal sign! 📈 📊 Technical Analysis: Falling Wedge Pattern ✅ Decreasing Volume ✅ Potential Breakout Ahead ✅ 📅 Timeframe: Keep an eye on this setup over the next few days for potential confirmation. 🔍 Entry Point: Look for a breakout above the upper wedge trendline. 🚀 🛑 Stop-Loss: Consider setting a stop-loss just below the wedge's lower trendline to manage risk. 🎯 Target: Target the next resistance level or use technical analysis tools for price projections. Remember, trading involves risk, so make sure to do your own research and risk management. Let's watch this closely and see if $APT/USDT can make a bullish move! 🤑💰 Happy trading! 📈📉🤞
Long
by STP_MrNodeItAll
$AMD falling wedge to end today's action. Good signGood sign on NASDAQ:AMD with that falling wedge on the 15 min. When a stock's been hammered for no reason at all except market volatility, we usually try to look for bullish reversals or bullish signs to enter on a swing. Closing in a falling wedge is good. Doesn't ALWAYS pay off, but if you are swinging it likely means 4-12 weeks anyway, so it's relatively safe here. Also looking on the Daily chart, it's right on the bottom of the flag trendline: Follow for more insights.
NASDAQ:AMDLong
by kingdips
PEOPLEUSDT → A break of resistance opens up the new range BINANCE:PEOPLEUSDT forms a local bottom, breaks the resistance of the descending wedge and one of the key levels within the realization of consolidation. A new corridor is opened As BINANCE:BTCUSD tests a local high near 26800, an altcoin reaction is forming. Even though the SEC has postponed the adoption of BTC-ETF indefinitely, the market is getting a small influx of assets. Our attention is drawn to PEOPLE. The price breaks the wedge resistance and continues to form a consolidation in a weak market. Finally, the coin breaks through the key, for now, level of 0.01022. Consolidation of the price above the level will form a bullish potential, which my move into the phase of realization and within the medium-term perspective PEOPLE / TetherUS can reach 0.01433 and 0.0185. Altcoins have been strongly consolidating their energy lately, something may happen soon. Support levels: 0.01022, 0.00846 Resistance levels: 0.01433 I expect the price growth to continue after consolidation above 0.01022 level. Regards R. Linda!
Long
by RLinda
17
XAUUSD | GOLDSPOT | New perspective | follow-up detailsTo ensure economic stability, the Federal Reserve has opted to temporarily halt further interest rate hikes, exemplifying their dedication to mitigating potential adverse repercussions. The aftermath of the Federal Reserve's announcement sent ripples of volatility through the gold market. Before this revelation, gold had been on an upward trajectory, firmly establishing a bullish sentiment. However, the rate decision led to a sharp reversal in gold prices, sending them tumbling back to their previous week's starting point. This market shift underscores the prevailing uncertainty as trading activities hover at a pivotal juncture, with the $1,925 zone at the forefront. The potential for a rebound in XAUUSD prices looms large, attributed to the reversal in US bond yields. The US 10-year benchmark note coupon recently retreated from a 16-year high of 4.51% to 4.44%, consequently causing US real yields to dip by five basis points from 2.11% to 2.06%. The question arises: could the current Gold price be undervalued in light of these developments?" XAUUSD Technical Analysis: In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics and uncovered potential trading opportunities. The $1,925 zone will remain our center stage for this week. Its historical significance makes it a crucial point. If the bullish momentum is sustained then the breakout of the uptrend continuation pattern - falling wedge identified on the daily timeframe could incite a strong uptrend continuation. However, if the price breaks below the demand zone at $1,900 then some selling opportunities could take center stage to trigger a USD-favored sell-off. Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more insightful content! 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
1
KNCUSDT → Coin shows strength in a weak market BINANCE:KNCUSDT stops its decline in late 2022 at 0.495-0.500, thus forming a bottom. The market holds this area quite confidently. And at some point, on the background of weak BINANCE:BTCUSD , KNC forms a resistance breakout, which could be the first bell On the chart we can compare the behavior of the last few days of BTC and KNC. The second one feels confident and is ready to strengthen further. While BTC has been in a falling phase for the last 7 days, Kyber network / TetherUs is strengthening already by 28%. Altcoins have been receiving more attention from speculators lately as they are livelier and more active. The latest retest of the 0.495 bottom on September 12 leads to the formation of a bullish momentum, within which the price makes an attempt to exit the descending range. After the breakout and correction, consolidation is formed above the resistance. If the bulls can finally keep the price above this line, we will be able not only to observe, but also to participate in the price growth to the targets indicated on the chart. The area above 0.955 is quite loose and price could quickly reach 1.200-1.400, but for this to happen we need to get momentum from the previously broken resistance. Support levels: 0.630, MA200, MA50 Resistance levels: 0.710, 0.834 I expect an active phase from the bulls' side. The first phase is consolidation. After which I will wait for growth to the mentioned areas. Regards R. Linda!
Long
by RLinda
17