BTC/USD Rising Wedge – Bearish Breakdown Ahead?Introduction: Understanding the Market Structure
This Bitcoin (BTC/USD) 4-hour chart presents a technical setup with a mix of bullish and bearish formations. The analysis focuses on key support and resistance zones, trendlines, and chart patterns to determine the next possible move.
🔍 The key takeaway? BTC has formed a Rising Wedge, a bearish reversal pattern, signaling potential downside unless a breakout invalidates the setup.
1. Market Structure & Current Trend Analysis
📌 Market in Curve Formation – The Accumulation Phase
Before the recent rally, Bitcoin was in a downtrend, making lower lows and lower highs, suggesting a period of price weakness.
However, price found strong support at around $77,600 - $80,000, forming a curved bottom structure—an early signal of an accumulation phase.
This bottoming pattern transitioned into a bullish uptrend, leading to the formation of a rising wedge.
🔹 Key Observations:
✔ Accumulation near $77,600 created a base for buyers.
✔ The gradual recovery curve suggests a shift from bearish to bullish momentum.
✔ Bitcoin later formed higher lows, confirming a temporary uptrend.
⚠ Shift in Momentum – The Rising Wedge Appears
The price rallied from the support zone but started forming a Rising Wedge pattern, which is typically a bearish signal.
A rising wedge indicates that although buyers are pushing prices up, they are losing momentum.
The narrowing price range suggests that sellers are entering at higher levels, weakening bullish strength.
2. Key Technical Levels to Watch
🔵 Resistance Zone ($92,000 - $94,957)
The shaded area near $92,000 - $94,957 is a major resistance level, where BTC previously failed to sustain a breakout.
This supply zone has been tested multiple times, reinforcing its strength.
The Stop Loss for short positions is placed above $94,957—any breakout above this level would invalidate the bearish setup.
🟠 Support Zone ($77,600 - $80,000)
The strong demand zone between $77,600 - $80,000 aligns with previous support levels.
If the rising wedge breaks down, this is the first major price target where BTC could find support.
A strong breakdown below $77,600 could lead to further declines toward $75,000 or lower.
3. The Rising Wedge Pattern – Bearish Warning!
🔍 What is a Rising Wedge?
A Rising Wedge is a bearish reversal pattern that forms during an uptrend when price moves within two converging trendlines.
It indicates that buyers are losing strength, and sellers are preparing to take control.
Once the lower trendline breaks, it confirms bearish momentum, leading to a price drop.
📝 Current BTC/USD Rising Wedge Analysis:
BTC has formed higher highs and higher lows, but the price range is narrowing.
The lower trendline is critical—a breakdown below this level could trigger a sharp decline.
The bearish target aligns with the support zone near $77,600.
4. Trading Plan – Possible Scenarios
📉 Bearish Breakdown Scenario (High Probability)
✅ Entry: Short BTC if the price breaks below the rising wedge (~$86,000 - $85,500).
✅ Stop Loss: Above $94,957 to protect against invalidation.
✅ Take Profit Target: $77,600 - $80,000 (first support level).
✅ Extended Target: If BTC drops below $77,600, watch for $75,000 - $72,000.
✅ Risk-Reward Ratio: Ideally 1:3 or higher for optimal trade management.
📈 Bullish Breakout Scenario (Low Probability but Possible!)
If BTC breaks and closes above $94,957, the bearish setup becomes invalid.
A confirmed breakout above resistance could push BTC towards $98,000 - $100,000.
Traders should wait for volume confirmation before entering long positions.
5. Risk Management & Final Thoughts
⚠ Risk Factors to Consider:
If BTC breaks the wedge with low volume, the move might be a false breakdown.
Macroeconomic events, such as interest rate decisions, can influence price behavior.
Watch for bullish divergences in indicators like RSI or MACD before shorting aggressively.
🔎 Conclusion:
The Rising Wedge pattern suggests a bearish reversal—a breakdown could send BTC toward $77,600.
Traders should wait for confirmation before entering trades.
If BTC breaks above $94,957, a bullish continuation could push it toward $100,000.
🔥 Bearish Bias Until Breakdown Confirmation!
Would you like an indicator-based analysis (e.g., RSI, MACD, or Moving Averages)? 🚀
Bearishpattern
BTCUSD – Rising Wedge Breakdown Setup | Short OpportunityBitcoin (BTCUSD) is trading inside a rising wedge pattern on the 4H chart—typically a bearish reversal structure. Price is currently hovering near the wedge resistance and a previous supply zone, presenting a clean short opportunity with solid risk-to-reward.
📊 Technical Breakdown
1. Rising Wedge Formation
The price action has formed a clear rising wedge, a pattern often associated with a bearish breakout.
Current price action shows momentum fading near the wedge top, aligning with historical resistance.
2. Key Sell Zone
The 88,600–89,000 region marks an ideal short-entry zone.
This overlaps with a prior consolidation/supply block and wedge resistance—making it a high confluence zone.
3. Bearish Target & Projection
Breakdown of wedge support could drive price down toward the target zone near 78,000, a potential -8.89% move.
This target zone acted as a strong demand area in mid-March and is likely to attract buy interest again.
📌 Trade Plan
Sell Entry: Around 88,600–89,000
Stop Loss: Above 92,923 (beyond wedge + supply zone)
Target: 78,000 zone, prior demand and technical projection
Risk-to-Reward: High conviction R:R setup with structured invalidation
⚠️ Watch for Confirmation
Ideal confirmation would be a strong bearish 4H candle below wedge support or bearish divergence on RSI/MACD.
BTCUSD Bitcoin Rising Wedge Breakdown – Professional AnalysisBitcoin's price action is forming a Rising Wedge pattern on the 1-hour chart, a well-known bearish reversal formation. This pattern suggests that although the price has been making higher highs and higher lows, the upward momentum is weakening. Historically, when a rising wedge breaks to the downside, it often leads to strong downward movement, making it an ideal shorting opportunity.
This analysis will cover the pattern formation, key support and resistance levels, price action expectations, trading strategy, and risk management to ensure a well-informed trade setup.
1. Chart Pattern Breakdown: Understanding the Rising Wedge
Formation of the Rising Wedge
The price has been moving within two converging trendlines (black lines), forming a wedge shape.
The slope of both the upper and lower trendlines is positive, indicating an uptrend, but the lower trendline is steeper, suggesting weakening bullish pressure.
As Bitcoin moves higher, buying volume is declining, indicating that buyers are losing control.
The price has tested the upper resistance trendline multiple times, failing to break above it, further confirming bearish exhaustion.
The lower trendline has acted as strong support, but multiple touches suggest a possible breakdown soon.
Why This Pattern is Bearish
The rising wedge is inherently bearish because it signals that although the price is rising, the upward movement is slowing down. Eventually, the price is likely to break below the lower support trendline, triggering a sharp sell-off.
A breakdown from this wedge structure would confirm the start of a downtrend, making it an excellent opportunity for short traders.
2. Key Technical Levels to Watch
Resistance Level (~$86,000 - $86,500) - Strong Sell Zone
Bitcoin has repeatedly failed to break above this zone, indicating heavy selling pressure.
If the price unexpectedly moves above this level, the bearish setup would be invalidated.
Support Level (~$80,000 - $80,500) - Breakdown Zone
This support level has held strong multiple times.
If BTC loses this zone, it will likely trigger a massive drop due to stop-loss orders being hit and panic selling.
Stop Loss ($88,062) - Risk Management
A stop loss above $88,062 ensures protection against unexpected bullish breakouts.
This level is placed just above recent highs to minimize the risk of premature stop-outs.
Target Level ($75,718) - Profit Objective
The projected price target is based on measuring the height of the wedge and applying it to the breakout point.
This level also aligns with a major historical support zone, where buyers might step in.
3. Trading Setup & Strategy
Bearish Trading Plan - Short Setup
📌 Entry:
Enter short after Bitcoin breaks below the wedge’s lower support and confirms the breakdown by retesting support as new resistance.
Ideal entry price is around $81,500 - $82,000 after confirmation.
📌 Stop Loss:
Place above $88,062, which is beyond the wedge’s upper resistance.
This protects against unexpected bullish breakouts.
📌 Take Profit:
First target: $78,000 (psychological support).
Final target: $75,718 (technical breakdown target).
Confirmation Signals for a Strong Short Trade
✔ Candle Close Below Support – A 1-hour candle closing below the wedge confirms a breakdown.
✔ Increase in Selling Volume – Rising bearish volume supports downward momentum.
✔ Retest of Broken Support as Resistance – If the price retests the wedge’s lower trendline and fails to reclaim it, it confirms further downside.
4. Risk Management & Considerations
Risk-to-Reward Ratio: The trade offers a 3:1 risk-reward ratio, making it highly favorable.
Market Conditions: External news events, institutional activity, or macroeconomic trends (like inflation reports) could impact price action.
Bear Trap Possibility: If Bitcoin breaks below but quickly reclaims support, it could be a fakeout, so wait for confirmation before entering.
5. Alternative Scenario – When to Invalidate the Bearish Outlook?
Although the primary expectation is a bearish breakdown, we must consider alternate scenarios:
🚨 Bullish Invalidation: What if Bitcoin Rallies?
If Bitcoin breaks above the resistance zone at $86,500 - $88,000, the rising wedge breakdown would be invalidated. In that case:
✅ A breakout above $88,062 could trigger a short squeeze, pushing BTC toward $90,000+.
✅ Bulls will regain control, shifting the trend to bullish continuation instead of reversal.
🔹 In such a case, traders should exit short positions and re-evaluate market conditions before re-entering trades.
6. Conclusion – Trading Plan Summary
📊 Current Bias: Bearish 📉
🔹 Pattern: Rising Wedge (Breakdown Expected)
🔹 Entry: Short after wedge breakdown & confirmation
🔹 Stop Loss: Above $88,062
🔹 Target: $75,718
Bitcoin is forming a classic Rising Wedge, which historically leads to strong downward movement once it breaks support. If BTC follows the expected scenario, a high-probability short trade is in play, targeting a decline toward $75,718. However, traders must wait for confirmation and manage risk effectively to avoid fakeouts.
📢 Stay updated, follow price action closely, and trade responsibly! 🚀
SUI - Short or Long? The Ultimate SUI Trade BlueprintHere’s an update to the analysis I did one month ago on February 10. Since then, SUI has continued to show its bearish tendencies—making lower highs and lower lows. After that dramatic 30% drop from a golden pocket short opportunity, the price started inching up on low volume. This weak rally suggests that while buyers are testing the ceiling, the overall trend remains down. That sets the stage for two possible plays: a short trade if the price reaches the resistance zone, and a long trade if it bounces off a strong support level.
1. Identification of Support and Resistance Zones
Resistance Zone (for the Short Trade):
Daily Resistance: ~2.7888
Point of Control (POC): Around 2.8035
Monthly Open: 2.83
0.618 Fibonacci Retracement: 2.8711
All these levels combine to create a robust resistance area where sellers are likely to step in.
Support Zone (for the Long Trade):
$2 Psychological Level: A key round number that attracts attention.
0.7 Fibonacci Retracement: Derived from the swing low of $0.4625 to the high of $5.3687, this places an important level at 1.9344 (just below $2).
Monthly Bullish Order Block: At 1.9137, indicating buying interest.
Fib Speed Fan (0.786): Points to support near the $2 mark.
POC: 2.0225
Anchored VWAP: Calculated from the deep low at $0.362, which again aligns around $2.
These multiple layers of confluence make the $2 area a strong support zone and an attractive entry point for a long trade.
2. Short Trade Setup
The Plan:
Building a short position gradually using a laddering strategy. With a $15,000 allocation from a $100,000 account, scale in at different levels to keep risk in check.
Scaling In (Entry Levels):
Entry # Entry Price % of Position Amount Invested ($)
1 2.6808 5% $750
2 2.7070 5% $750
3 2.7314 10% $1,500
4 2.7552 10% $1,500
5 2.7755 10% $1,500
6 2.7990 15% $2,250
7 2.8242 20% $3,000
8 2.8485 25% $3,750
Total: Avg. ~2.7924 $15,000
Stop Loss: Set at $3.07, limiting the risk to about $1,506 (roughly 10% of the trade allocation or 1.51% of the account).
Scaling Out (Exit Levels):
Exit Cover Price % of Position Amount Paid to Cover ($)
1 2.7925 5% $750.02
2 2.1715 5% $583.23
3 2.1365 10% $1,147.66
4 2.0981 20% $2,254.07
5 2.0630 20% $2,216.36
6 2.0257 10% $1,088.14
7 1.9930 15% $1,605.87
8 1.9625 15% $1,581.29
Outcome:
Total: Avg. ~2.09 $11,226.65
Net Profit: $15,000 (initial proceeds) – $11,226.65 (cost to cover) = $3,773.35
Profit % on Trade: +25.16%
Risk-to-Reward Ratio (R:R): Approximately 2.51
This laddering approach helps to secure profits at various levels while managing the risk effectively.
3. Long Trade Setup
The $2 support zone is a magnet, backed by multiple confluences. When SUI tests this area and shows signs of a rebound, it sets up a great opportunity to go long.
Key Support Details:
$2 Psychological Level: A well-watched price point.
0.7 Fibonacci Retracement: Places a key level at 1.9344 from the low ($0.4625) to the high ($5.3687).
Monthly Bullish Order Block: At 1.9137, adding to the support.
Fib Speed Fan (0.786): Confirms support near $2.
POC & Anchored VWAP: Both clustering around $2 (POC at 2.0225 and VWAP from a low of $0.362).
Trade Details:
Entry: Buy at $2.00
Target: Sell at $2.337 for an approximate 20%+ gain
Stop Loss: Set just below $1.80 to protect against further downside
Risk-to-Reward Ratio: About 2.44 or better
Wrapping It Up
In this dual-setup strategy, we're well-prepared for different market outcomes:
Short Trade: If SUI rallies into the tightly clustered resistance zone, scale into a short with defined entries, exits, and a stop loss that caps our risk at about 1.51% of the account. Exit ladder aims for an average cover price of around $2.09, netting a neat profit of approximately $3,773 (or +25.16% on the trade).
Long Trade: Conversely, if SUI finds strong footing at the confluence-rich $2 support zone, we can flip to a long position. Entering at $2.00, with a target of $2.337 and a stop loss below $1.80, gives an attractive risk-to-reward ratio of roughly 2.44.
This approach lets us capitalise on both sides of the market. Keep an eye on volume and price action. Happy trading! P.S. If you have any coin requests, feel free to share them in the comments. I will be selecting one or two for the next TA.
SOL on the Slide: Is a Bounce from $150 in the Cards?Solana has been in a downtrend for over 30 days after reaching its ATH at $295.83. For the past two weeks, SOL was stuck in a trading range that formed a descending triangle (a bearish pattern) which eventually broke down, confirming the downtrend. Additionally, SOL lost its yearly support level at $189.31. Where is SOL heading next? Let's find out!
Key Support Zone
Our main long opportunity is around the $150 level, where several confluences align:
Fibonacci Levels:
The 0.5 fib retracement of the entire 5-wave structure sits at $151.92.
The 0.786 fib retracement from the 5th wave is at $149.77.
A fib extension 1.618 of the descending triangle is at $148.65, which is very close to the $150 mark.
Volume Profile:
The Point of Control (POC), highlighted by the red horizontal ray, is around $144, adding another layer of support.
Trade Setup
Currently waiting for SOL to reach the support zone between $152 and $144. An alarm is set when price nears these levels for a long opportunity.
Understanding market structure: Trend reversals & price actionIn this chart, we can observe how price action follows a structured pattern of trends, reversals, and breakouts. The market moves in cycles, creating bearish and bullish trends that traders can capitalize on by identifying key areas of support and resistance.
At the beginning of the chart, we see a bearish trend, characterized by lower highs (LHs) and lower lows (LLs). This structure indicates that sellers are in control, pushing the price lower with each attempt to rise. The price remains within a descending channel, offering multiple sell opportunities at resistance levels. Traders following this trend can look for short entries at each lower high.
The first major shift occurs when the price breaks above resistance, marking a potential trend reversal. This breakout signals that buyers are stepping in, disrupting the bearish pattern. Once a previous resistance level turns into support, it confirms a shift from a downtrend to an uptrend.
In the next phase, we see the emergence of a bullish trend, where the price begins forming higher highs (HHs) and higher lows (HLs). This structure confirms that buyers are now in control, pushing the market upward. The price moves within a new ascending channel, and pullbacks to support provide buy opportunities for traders looking to ride the uptrend.
Finally, another major shift occurs when the price breaks below a key support level. This break signifies a possible trend change, where buyers lose control and sellers regain momentum. Traders need to watch for confirmation before entering new positions, as this could mark the start of another downtrend.
Bearish ascending wedge could signal a 50% - 75% drop in VELO.There have been four times previous on VELO'S weekly chart when price peaked out on the RSI. After this peak, VELO'S price has dropped between 75.6% to as high as 99.95% from the presented peak. 6 weeks ago, VELO flashed this same signal for the 5th time in its history, indicating that a drop to the bottom trend line of the current bearish ascending wedge pattern could be imminent in the medium term.
If this is the case, and this pattern plays out for a 5th time, there could be some really good discount prices coming to add to your positions.
I'm not a VELO fan, and will be passing on this regardless of price, but for those who do, this could be time to be very cautious.
Good luck, and always use a stop-loss!
USDT.DIntroduction
The analysis of Tether Dominance (USDT Dominance) is one of the most essential tools for predicting overall trends in the cryptocurrency market. This metric plays a crucial role in understanding investor behavior, particularly during periods when the market leans towards liquidity or transitions into a bullish phase. This report delves into the technical aspects of Tether Dominance, offering a detailed review of its current state and outlining potential future scenarios. It serves as a valuable resource for millions of investors seeking informed decision-making.
USDT Dominance Analysis
Definition and Importance of USDT Dominance
USDT Dominance reflects the percentage of the stablecoin USDT's market share relative to the total cryptocurrency market.
🔹 Increase in Dominance: Indicates investor preference for holding cash, often signaling market downturns.
🔹 Decrease in Dominance: Suggests capital is flowing into cryptocurrencies, signaling potential price growth.
Technical Overview
1. Breakout of the Ascending Channel
✅ Current Status:
USDT Dominance has broken below its ascending channel and entered a consolidation range.
✅ Range Box Details:
Upper Limit: Green Zone (6.17 - 6.53)
Lower Limit: Red Zone (3.73 - 3.99)
2. Price Target Based on Broken Channel
🔸 Bearish Target Estimate:
The projection based on the broken ascending channel suggests that USDT Dominance might drop to the gray support zone (2.99 - 3.16).
Possible Scenarios
Bearish Scenario
📉 Condition: Breaking below the red support zone (3.73 - 3.99).
📉 Target: A decline towards the gray support zone (2.99 - 3.16).
📉 Market Impact: Bitcoin and altcoin prices may rise as capital exits USDT and flows into digital assets.
Bullish Scenario
📈 Condition: Holding the red support zone and moving back toward the green resistance zone (6.17 - 6.53).
📈 Market Impact: Crypto prices may decline as demand for USDT increases.
Daily Timeframe Triangle Pattern
🔺 Observation: A triangle pattern has formed on the daily timeframe.
🔺 Prediction: A downward breakout is more likely, aligning with the bearish scenario.
Conclusion and Key Takeaways
1️⃣ Overall Trend: The trend remains bearish unless key resistance levels are broken.
2️⃣ Critical Levels:
Red Support Zone: 3.73 - 3.99
Gray Support Zone: 2.99 - 3.16
3️⃣ Trading Decisions: Focus on higher timeframes and confirmation of breakouts before making decisions.
4️⃣ Market Impact: The breakout or defense of critical USDT Dominance levels will have a significant influence on Bitcoin and altcoin movements.
🎯 Recommendation: Considering the bearish trend, approach bullish scenarios cautiously and prioritize confirmation of breakouts for accurate decision-making.
How to easily place pending orders in GOLD #XAUUSDThis is an easy way to determine where to place a buy or sell order. Place the buy or sell order in the boxed area created by the signal, as in the example. For SL TP, it can be in a 1:1 ratio or placed at the previous strong Support and Resistance. Always pay attention to the LOT placed. Adjust to the capital and do not place too many positions during the transaction. Be disciplined and stay relaxed when trading. God Bless.
FOREXCOM:XAUUSD
Where will markets trend next? Planetary patterns give us clues!Solar Eclipses are major 6-month pivot points. The next one is on October 2, 2024. Invest By Cycles decodes planetary patterns and astrological cycles as an investing enhancement tool to complement classic fundamental and technical analysis.
SPY LOVERS ! NEW ALL TIME HIGHS But be very careful ! Check hereFINALLY HERE ! NEW ALL TIME HIGHS !
But wait!!! do you really Trust those 2 last Dojis ?
Here are 2 quick scenarios to analyze for the week:
Scenario #1 (Green Line): The price may pull back to bounce off the order block zone I have marked in white, which we know as the institutional block where there was a lot of liquidity.
I call this pattern in my trading system "N3" as it consists of 1 breakout + 1 pullback + 1 trend decision.
Scenario #2 (Red Line): Always considering our active order block zone, the price may break through the block with strong momentum, confirming another pullback or bearish market for several days. In this case, AGAIN, the price could fall back to our buyer pressure zone (blue zone), where higher buying pressure volume has been shown. NOTE: All of this depends on the bearish strength the market carries; we can tell if the market will break downward by simply observing bearish volumetric candles or seeing a lot of active bearish volume.
But for now, we can't do anything as long as the price remains within our bullish channel, which we'll keep monitoring throughout the week!
The decision will become very clear once the price makes the choice to break out of my bullish channel.
Best regards, and a million thanks for supporting my analysis!
AUDJPY Short Trade Setup A #short trade opportunity recently presented itself on the #aussieyen (#AUDJPY) #trading chart 📉.
This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 100.972 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 98.500 psychological level and possibly testing the strength of the 98.056 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
BTC - DOMINANCE (Altseason2024)rising wedge pattern is consolidated in 3d chart
need a breakout of the lower side of the pattern in HTF as 3d chart then
btc dominance must decline 20% from here so we could tell welcome to Altseason2024.
thanks and for more ideas hit "follow" and "like"🎯
tell me in comment section when u think Altseason2024 will start
LINK losing supportIntroduction:
Hello fellow traders and crypto enthusiasts! 📉 Today, let's delve into the technical landscape of LINKUSDT (Chainlink against USDT), as it appears to be facing a critical juncture. We'll analyze the current charts to assess the vulnerability of key support levels and explore potential implications for future price action.
Technical Overview:
📉 LINKUSDT has been struggling recently, and the charts are signaling a potential loss of support. It's crucial to pay attention to the following technical indicators and price patterns to gauge the severity of the situation.
Crucial Levels to Watch:
🎯 Support Levels: Identify key support levels that, if breached, could trigger a more significant sell-off. These levels will serve as critical markers for potential trend continuation or reversal.
🚨 Bearish Confirmation: Keep an eye on additional technical indicators or patterns that confirm the bearish scenario. Multiple signals aligning with a potential downtrend can strengthen the case for caution.
Risk Management:
🛡️ As the situation unfolds, it's essential to implement effective risk management strategies. Consider setting stop-loss orders, diversifying your portfolio, and reassessing your investment thesis in light of new developments.
Conclusion:
In the dynamic world of crypto trading, staying informed about potential trend shifts is crucial. LINKUSDT is currently at a crossroads, and traders should remain vigilant for confirmation of a support breakdown before making any significant decisions.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your research and consult with a financial advisor before making investment decisions.
#LINKUSDT #CryptoAnalysis #TechnicalAnalysis #SupportBreakdown #Chainlink #CryptoTrading #RiskManagement #Blockchain #TradingView
41 before 51?The movement of the anticipated announcement creates a motion that is part of a series of structures. One of these structures is a potential flag that leads us to levels of 41K, and everything indicates that it will likely happen, subsequently giving way to another structure that takes us to 51K. The exit of the ETFs probably will not affect the movement of Bitcoin. The same occurs with other commodities, where ETFs do not impact the price of the fundamental asset, but we'll see...
🚀 UNI : Breaking from Bear Flags to Bull Wedge ! December 2021 marked a challenging period for Uniswap (UNI) as it navigated through a bearish flag pattern, experiencing a significant drop. Fast forward to the present, and UNI is staging a potential comeback. The charts reveal a pattern shift, transitioning from bearish flags to the formation of a much larger bullish structure—a falling wedge. Let's delve into this transformation.
Chart Analysis: UNI's Evolution on the Charts
In the closing months of 2021, UNI faced the bearish pressure of a flag pattern, resulting in a notable decline. However, the narrative takes a positive turn as UNI is now crafting a bullish story. A substantial falling wedge pattern has emerged, hinting at a potential reversal. The formation of this pattern, especially when larger in scale, often signifies a shift in market sentiment.
Anticipated Move: Falling Wedge and the Road to Retesting Highs
As UNI maneuvers within the falling wedge, chart analysts are optimistic about the potential upward trajectory. Falling wedges are typically regarded as bullish patterns, and the anticipation is that UNI might experience a breakout. Furthermore, market participants are eyeing a retest of upper boundaries post-breakout, a crucial step to validate the newfound bullish momentum.
Trading Strategy: Capitalizing on UNI's Chart Dynamics
Traders and investors observing UNI's chart dynamics may consider strategic moves within this falling wedge setup. Identifying entry points during the wedge's contraction phase and being prepared for potential breakout and retest scenarios could enhance trading strategies.
Conclusion: UNI's Chart Renaissance
Uniswap (UNI) is in the process of charting a new narrative, transitioning from bearish flags to the promise of a falling wedge. While past challenges are acknowledged, the evolving chart dynamics suggest a potential resurgence for UNI.
🚀 UNI Analysis | 🌐 Breaking Free from Bear Flags | 📉 Embracing the Falling Wedge
❗See related ideas below❗
What are your insights on UNI's chart evolution? Share your thoughts, trading strategies, and bullish expectations in the comments! 🌈🚀💚
ETH Macro AnalysisEth is currenty making Bearish pennat Pattern as you all know about me that i m still bearish on BTC on Macro level.
But I trade BTC,ETH & ALts level by level regardless of beaish senerio
as you have seen my previous ideas regarding RUNE SOL APE and many more which i tell you to buy on dip with complete analysis & I also tell you about mini bull run in march .you can visit my wall to see that.
But i know that this not a real bull run, bull run will start in the end of 2025 or 2026 even if btc go to 80k$ its just manipulating.
My targets regarding Eth wil be 400$-700$.
i will buy it from there.
If you like my idea kindly like it and follow me
Thank You
Regards Hamza Shabir
SCARED?!?! SPY LOOKS VERY BEARIS HERE!SPY has reached the range highs and has shown signs of weakness not being able to breakthrough the highs. It has been rejected and is now at a vital dynamic support. If this break (which i think it will), a move to the golden pocket (orange lines) could follow.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Setup for Head and shoulders pattern on the Daily. #BearishWe have a retest of the left shoulder. Using Fibonacci to get a targeted entry for the sell. Will scalp lower timeframes 5-15M. Looking for price to reenter the .618 level before looking for sells.
This is more of a long-term play. Be caution here.
The purpose of these posts are for educational purposes only. Nothing associated with this profile or post should be taken as advice to buy/sell any specific financial market. I nor anyone associated with this profile will accept any liability for any financial losses related to any content posted here. Trading is risky, so seek professional trading advice before taking any specific trades/investments.
Gold -> Missing The All Time High ChanceHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪
Looking at the overall picture you can see that Gold retested the previous all time high which was roughly at the $2060 level and from there just once again rejected towards the downside.
With this week's candle it also seems like Gold is breaking a major previous weekly structure level towards the downside so there I as higher chance that we will now see more bearish pressure on Gold.
And over the past couple of days there was a quite harsh sellof on Gold without any bullish rejection so there was no bullish setup as I was expecting - I didn't enter any long position and I am just waiting for new structure on Gold before I will look for new potential setups.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset: