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Rising Wedge

Bearish mid-term, Bullish long-termMATIC appears to be forming a clear Cup against BTC. It's also in a Rising Wedge pattern (bearish). We've recently seen bearish divergences on the daily and 4-hour charts. Buyers appear exhausted. I'm not interested in longing MATIC at these levels and I'm expecting a cooling off (Handle) before breaking out higher. I'll be looking for bullish divergence at least on the 4-hour before this is tempting for me. ------------------------------------------------------ These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following. Thanks!
MShort
by mercury_rising
$RELI – SI 76%$RELI entry PTs 5.29-6.30 Targets PT 9-10.50 and higher $RELI – SI 76% Reliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking and transportation, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
NASDAQ:RELILong
by BADQOMOCAWGOWLD
1
BTCUSDT: Rising Wedge Or a Miracle to Flip Upward?BTCUSDT: Rising Wedge Or a Miracle to Flip Upward? By the monthly chart, i would estimate a rising wedge that shows sign of exhaustion and slowing momentum. It it dips, my guess would be towards 31k - 34 k. This is consider healthy reset. The other side of the coin is flipping upward trend by purely fundamental analysis; an impact so great that it doesn't care what TA is about. I would watch closely on Q1 and towards Q2. Green lines are supporting line +/- 1k. Best spot to exist if your are trading mid term. Yellow dotted line directions are all estimates. NO way i can be exact in weeks or even days. Pls trade safely.
Long
by bit2bit
Rising wedge in HCLTECH on a 15 min tfhcltech had created a gapup due to which selling can be seen and a rising wedge is forming 1st entry for short can be created below closing of 1258.50 with tg of 1246 2nd entry below 1246 with target of 1230 keeping sl trailing as per risk appetite disclaimer: this post is not an investment or trading advice please consult your financial advisor before deploying any capital pls drop down your doubts and comments and like if you want more charts
NSE:HCLTECHShort
by rohitrc250
Ethereum is struggling with an important key levelFundamenta Aspect Ethereum Upgrade Delays 'Difficulty Bomb', more on my blog as I cannot paste the link here. Technical Aspect Ethereum is establishing fresh support above the $3,500 level, and if buyers continue to break over the crucial resistance level of $4,000, the price may begin a new rally. If buyers continue to sway the market, the nearest obstacle they will encounter is at the $4,000-$4,150 level. The price's first significant resistance level is at $3,950, which, if broken, might signal the commencement of a fresh uptrend in the near term. Contrary to this assumption, if buyers can not overcome the $4,000 barrier, the downtrend may continue. In this case, the closest price support will be at $3,500 - $3550.
COINBASE:ETHUSDLong
by VipForexLive
Is Luna approaching a new rising wedge?Luna after her first run in September continued towards an uphill path forming a rising wedge which led to an expected negative breakout in mid-November , a fall that bounced back to .61 Fibonacci from the first run. Now we are facing a Luna that even after its second run does not hint at a retracement , continuing to have new Higher Highs , could we therefore find ourselves facing a new rising wedge? In the event that the chart continues inside a rising wedge, we can expect a negative breakout between January / February that should bring the price of Luna to the 0.61 Fibonacci area , therefore around $ 55. Excellent point for a strategic entry. What could we face if it breaks the current pattern?
LShort
by OxC0ffeBabe
1
VeChain - A quick analysisVeChain was in a massive Rising Wedge Pattern and has broken below it. VeChain is now in a new massive Symmetrical Triangle Pattern. VeChain needs to stay above the Ascending Trend-line of the Symmetrical Triangle for any real upside recovery to take place. At the moment of typing this, VeChain is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. We need VeChain to break back above and more importantly close above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. At the moment of typing this, VeChain is above its Least Squares Moving Average (LSMA). At the moment VeChain has found support from the LSMA. We need this daily candle to close above the LSMA. At the moment of typing this, VeChain is above its Volume Profile Fixed range Point of Control (VPFR POC) fro this charts fixed range off 29 daily candles that i have selected. Note that yesterday’s Volume Bar ended in the Green and closed above its Volume 20 period Moving Average. It’s still uncertain if today will end in the green. The Average Directional index (ADX DI) is showing that the -DI (Red Line) is still above the +DI (Green Line) indicating that Negative Momentum is still dominant over Positive Momentum on this 1d timeframe. Note that the -DI (Red Line) has dipped slightly to 31.03 and the +DI (Green Line) has risen to 9.02 but it looks like it’ll be awhile before we see the +DI (Green Line) cross back above the -DI (Red Line) on this 1d timeframe. Note that at the moment, the Trend Strength is strong with the ADX (Orange Line) at 34.40 and still above its 9 Period EMA (Black Line) which is at 28.80. The Moving Average Convergence Divergence is indicating momentum is still downwards and note that the MACD Line (Blue Line) is still below its Signal Line (Orange Line) and is also in the Negative Zone below the 0.0 Base Line. We need to see the MACD (Blue Line) cross back above the Signal Line (Orange Line) on this 1d timeframe for any real recovery to take place. I would not get excited unless VeChain closes a daily candle back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1d timeframe. Here is a closer look at this VeChain chart. I hope this is helpful with your trading and hodl-ing. Rising Wedge Pattern = Ascending Converging Black Dashed Lines on chart Symmetrical Triangle Pattern = Ascending/Descending Converging Black Dotted Lines on chart LSMA = Black Squiggly Line on chart Bollinger Bands = Grey Bands on chart VPFRPOC = Short Horizontal Red Line on chart
BINANCE:VETUSD
by TradingThroughTheLens
3