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Falling Wedge

Another Reason to look at BCHFalling wedge broke out a good while back but has yet to make a strong move up towards measured targets, as shown above on the 3 day chart. Also: - The long sideways movement is typical of accumulation prior to a stronger move. - MACD has been diverging the entire way down, - RSI has been diverging as well, and more recently stronger divergence. Hitting both targets would provide nearly 1100% gains vs. Bitcoin from current price if this plays out: Related idea here:
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by dudebruhwhoa
1
BTC QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. After the CPI data, BTC quickly pumps above the $22k zone from the important support level of $21.5k level. So what's next? BTC is forming a falling wedge-like structure in 4hr time frame which is generally a bullish pattern. Currently, it is trading near the upper trendline of the wedge. We need to break and close above this wedge for a bullish breakout. Once it breaks above the wedge we can expect more pump up to $24k from here. In case of rejection, we might see another retest of the $21.5k level and expect a pump from there. So the plan is really simple here. Either wait for a breakout or wait for some dip up to the $21.5k level. Invalidation of this bullish scenario if we get a 4hr close below the $21.3k level. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
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by CoreCrypto1
8
Algo with perfect retest of green channel tl as supportPerfect support retest of the bottom trendline of the green horizontals channel. In reaching there price also broke above the purple falling wedge…we can also see now that price is testing the turquoise neckline of an inverse head and shoulders as well. I have put the inverse head and shoulder target and the falling wedge targets on the chart for now. Will add the channel breakout target if/when we get closer to its top trendline. *not financial advice*
COINBASE:ALGOUSDLong
by DrDovetail
3
ATOMUSDT - OversoldIn this market I wish I had more money to invest ( "you need money to make money " ). Anyways... Observe the above 5D chart (USDT pair). Consider the following: 1) Price has declined nearly 87% from its all-time high 2) Falling wedge pattern on RSI 3) Price sitting at previous resistance/support (no indicator this level will act as support now though) 4) For a consecutive 50 days (80 if we ignore the green doji candle printed on 16 April) ATOM has been depreciating 5) RSI at heavily oversold levels 2D BTC pair below satisfying the same above points Timeframe: Not sure Return (initial) : 0.5x - 2x Leverage: Most I would use here is 2x. PS : Not sure why but the 2D BTC pair is extremely strong. Not financial advice!
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by unknownpower
WOOUSDT wants the supply zone?WOOUSDT has seen substantial growth in recent times, as indicated by a return of more than 79% since my previous idea. The market for this asset recently broke out of a falling wedge pattern, with support noted at 0.18. The price has since retested the 0.5 Fibonacci level, allowing it to acquire new liquidity. The next target for this asset is expected to be the supply zone at 0.24 dollars, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
Will ZIM Ship Up?Will ZIM Ship Up? ZIM has a falling wedge pattern on the daily timeframe! A cup was also identified inside of the falling wedge pattern. The stock looks prime for a move to the upside after we form a handle to the cup that formed just under the daily resistance line. I expect a handle to form in confluence with price rejection at the trendline. The daily chart as of 4 February 2023 shows that we have too many buyers at the line of resistance. Therefore, I expect a selloff (creation of the handle) and in turn less buyers (which is what we want) before the break of the line of resistance. After the line breaks, we will see more buyers step in to then push us up above the handle and line of resistance (daily trendline). However, it's understood that price could push through the line of resistance and hold above it. If it price holds above the line, then the stock will be inside of a gap that has not filled. ZIM has a gap between 23-25.42. The stock gapped down on 28 November 2022. ZIM closed at 22.85 on 3 February 2023. *This is not financial advice. Akili, MrALtrades00
NYSE:ZIMLong
by MrALtrades00
Shiba Inu - 191% extreme profit! (unbelievable) It's absolutely unbelievable for Shiba Inu coin because the technical analysis shows an extreme pump is likely in the immediate short term! If you like Shiba Inu, you must hit the like button right now to support the future of this coin! There is no doubt that Shiba Inu knows how to pump drastically, and what can happen to you is that you wake up in the morning and you will see a huge green dildo, so I think you want to fill your bags before it happens! From the technical perspective, we can see a descending parallel channel on the daily chart that is very close to a bullish breakout. Also inside this descending channel, we can see an ABC ZigZag corrective pattern. With this confluence, we are pretty confident about an explosion to the upside. 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 post trade setups privately. We have had a 92% correction from the all-time high. There was a massive bear market from 2021 to 2022. The bear market has been completed as an ABC zigzag pattern from the Elliott Wave perspective. What is the next strong resistance on the way up? 0.00002514 and 0.00003384 without a doubt. They are both strong resistances, where we can definitely experience some selling pressure. I am telling you that this is going to be massive, so make sure your bags are full with the Shiba Inu coin. You can buy on the spot or go long on futures with leverage. Thank you, and for more ideas, hit "Like" and "Follow"!
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by UnknownUnicorn2537518
77