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Wedge

EGLDUSDT Mid term Road MapBINANCE:EGLDUSDT EGLD is forming a falling wedge on Daily timeframe , Up we go if we do breakout. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
GOLD's Situation: What Shall we Expect !!!FOREXCOM:XAUUSD In the past days, gold was able to successfully break the ascending triangle and grow well, but now, as you can see, gold formed a rising wedge pattern after the breaking of the ascending triangle, which finally broke this pattern, and now I expect it according to technical analysis. The price will fall to the support area and then grow up. in close view (1h) ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
FOREXCOM:XAUUSDShort
by CobraVanguard
NOTUSDT has formed a Pretty Big falling wedge Pattern!...Notcoin is forming a falling wedge on Daily timeframe , Up we go if we do breakout. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
PYR Outlook after the Dip. What to expect NOW ?BITGET:PYRUSDT is breaking out of a falling wedge on the daily timeframe , A successful breakout could push TSX:PYR towards $6.8-$8 in the midterm🎯. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Bullish Wedge. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
Long
by CobraVanguard
FTT/USDT Secondary trend. Wedge. Phase 3. 05 2024Logarithm. Time frame 3 days Secondary trend. A descending wedge is being formed. Its breakthrough - reversal and price growth. Maybe another decline, take it into account in risk management. Globally, and perhaps medium urgently now acceptable prices for a position set, at least the first part of it. Preferably, on the breakout of the reversal level. Stops are very short now. Linear, without slippage of the wedge formation boundary.
Long
by SpartaBTC
6
LOOKS token to print a 10,000% move?On the above 4-day chart price action has corrected 99% since January 2022. A number of reasons now exist to be long, including. 1) Price action and RSI resistance breakouts. 2) Multiple oscillators print positive divergence with price action. The higher the time frame you go the stronger the divergence. 3) While the market has been in full panic mode volume has only increased on this token. I don’t know why. Every sell off is met with a large volume increase. 4) Not listed on major exchanges. Get in before crowd. 5) The falling wedge forecast. The forecast is measured from the highest to the lowest touch points. (Red circles). This is how a target from a wedge is forecast. Is it possible price action continues correcting? Sure. Is it probable? No. Ww Type: trade Risk: <=6% Timeframe for long: Yesterday Return: 100x
Long
by without_worries
50
BANKNIFTY - HIGH ALERT!BNF is exactly at the top of the rising wedge pattern on Monthly time frame with a Shooting star on Weekly time frame. Evidently appears to be an inherent resistance right now unless this pattern is broken on the higher side and forms a reliable new channel or pattern With the upcoming Pathmanabhan committee recommention on F&O segment and result season, we can expect a lot of volatility on the broader indices. But I am negatively biased for a upcoming correction to the tune of 10% to test Wedge bottom expecting further breakdown What would be prudent and smart is left to your imagination Disclaimer: This idea is for educational purpose only and does not constitute trading recommendation. Please do your own research or consult a SEBI Registered IA for Investment Advises
NSE:BANKNIFTYShort
by Manohar_Shanmugam
Hamester Analysis !!!as you can see HAMSTER is in the Broadening Wedge it means Price can grow up if This pattern breaks. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard
6
POPCAT → Bearish Pressure !!!As you can see, a Bearish wedge has formed on the daily timeframe, which means it is time for a price correction , every uptrend has to be corrected, that's the nature of the market. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
NOT's Situation: What Shall we Expect !!!COINEX:NOTUSDT Finally, Notcoin was able to break the wedge as I mentioned. Now, reaching the targets shown in the chart is not out of reach!!! Previous Analysis ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
BITCOIN - Price can turn around and start to decline to $63000Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago, price entered to wedge, where at once bounced from resistance line and fell to support line. Also, BTC broke $58200 level, but later price bounced from support line, reached this level, and broke it again. Then it made retest and continued to move up to $63400 level, which coincided with support area. When Bitcoin reached this level, it made a gap and then a long time traded near $63400 level, trying to break it. Recently, price broke this level and rose to resistance line of wedge, where at the moment continued to trades near. Possibly, BTC can rise a little higher than resistance line and then bounce down to $63000, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
8
NZDUSD → Resistance Retest. Fed meeting ahead... FX:NZDUSD is set to go higher. The price is breaking the local resistance within the uptrend. There is an important event ahead, which can affect the price quite strongly... On D1 the market is hinting at bullish prospects, a retest of the global resistance is forming, which divides the market into 2 parts... Traders are waiting for the FOMC and FED meeting at 18:00, where officials will decide on the interest rate cut. The main question is 0.5% or 0.25%. The first will be a strong bullish signal for the currencies, the dollar will accelerate its downward movement on this background. The second value may slightly disappoint traders and the market reaction will be ambiguous. In any case, the general course of rate cuts sets the main tone in the market, it remains to wait only for specific numbers. Support levels: 0.61528, 0.61244 Resistance levels: 0.62095, 0.62544 Technically, the bullish trend continues, as hinted by the local situation on the chart. Traders believe in the favorable background. I believe that the Fed's decision will strengthen the general market trends and in this case the currency pair will head towards the upper boundary of the channel.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDUSD ;) Regards R. Linda!
Long
by RLinda
4
Coinbase at a Crossroads: Rally to $340 or Drop to $100?**NASDAQ: COIN (COINBASE) 1W/1D** On the **Weekly timeframe**, : In my previous analyses ( ) the Golden Cross on the daily moving average was noted, indicating bullish momentum at the time. The price was in a Rising Wedge formation, a pattern often signaling an upcoming downward move, especially in the context of an Elliott Wave count where we were in Wave 3. This strong upward movement at the time allowed for further rises, but also warned of a possible correction in the form of Wave 4. Now, a few months later, after reviewing the chart, I have slightly extended Wave 3, in which this impulsive wave also displays a clean 1-2-3-4-5 pattern. The previously mentioned correction has been in play. The price is currently at the support line of the earlier Rising Wedge. The question now is whether Coinbase can bounce back again or whether further decline towards the underlying #fibonacci levels will follow. **On the Daily timeframe**, : We can see that the downward correction, which began in July 2024, has reached a bottom around $146, fitting within the larger correction from the weekly analysis. The price now appears to be recovering slightly towards the #ema 50 at $187.67, which is a resistance level. The momentum is supported by a strong #stoch, but it is currently in the overbought zone, indicating a potential cooling off. Key levels to watch are the #fair-value-gap around $187 and $216. If the price breaks through these resistance levels, it could lead to further upward movement towards $240, ultimately completing Wave 5 towards $340. However, if momentum decreases, a fallback towards the previous bottom at $146 or the psychological $100 remains possible. **Conclusion:** Although there is room for further rises towards $240 and eventually $340, signals such as the overbought #stoch and proximity to resistance levels also point to a potential cooling off. If momentum decreases, the price could retreat to previous lows around $146 or even towards the psychological level of $100. **Resistance levels:** - $187 (#ema 50) - $216 (#fair-value-gap) - $240 (resistance line from the rising wedge formation) - $340 (Wave 5 target) **Support levels:** - $146 (previous bottom) - $100 (psychological level) *Disclaimer: This is not financial advice. Always do your own research and carefully assess your risks.*
NASDAQ:COIN
by Tims.Technische.Analyse.
Market Analysis for GBPUSD We are currently trading within three distinct bullish channels: Macro Channel: This long-term bullish channel has been in play since October 2022, reflecting a sustained upward trend. Medium-Term Bullish Ascending Wedge: Originating from the $1.26 support level established on August 8th, this wedge pattern has been guiding price action. It is crucial to monitor this structure as it often signals a potential breakout or breakdown. Micro Channel: This smaller channel is derived from the lower support of the ascending wedge and has been forming as price action continues to respect its boundaries. Recent Price Action On Tuesday, September 24th at 7:00 PM EST, the price reached $1.343, a key resistance level. This level not only reaffirmed the integrity of the micro channel and the medium-term ascending wedge but also aligns with a significant daily support/resistance level. Additionally, it sits within the golden pocket of a Fibonacci extension drawn from the $1.26 low of the wedge. Following this rejection, the price declined to establish a minor low at $1.331 on the following day at 5:00 PM. This level is pivotal as it represents the potential support needed to maintain the bullish structure of the micro channel. A successful retest of this level could sustain the bullish narrative, while a breach would signal a breakdown. Currently, the price is exhibiting soft highs and lows, with a recent low around $1.336. The consolidation and the lack of strong buying pressure during the New York weekend closure suggest that the market is indecisive. Bullish Scenario If the price stabilizes and forms a minor ascending triangle, a bullish breakout could be expected, potentially leading into a larger ascending triangle formation. This pattern often resolves to the upside, with a breakout likely on Monday or early Tuesday. Bearish Scenario The more probable bearish scenario is a breakdown below the $1.33 level, which would invalidate the micro channel’s bullish structure. A move towards $1.32, the lower support of the ascending wedge, would then be anticipated, signaling a deeper correction. Key Levels to Watch Immediate Resistance: $1.343 (Confluence of macro and micro channel resistance, Fibonacci golden pocket). Micro Channel Support: $1.331. Critical Support: $1.32 (Lower boundary of the ascending wedge). A break above $1.343 would reaffirm the bullish momentum, while a decline below $1.331 could trigger a bearish move towards $1.32. Stay vigilant for price action around these key levels as they will define the next directional move. May The Force Be With You All.
Short
by kokenbakensoda
2