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Broadening Wedge

DOT/BTC: Expecting Bullish MovementHi every one DOT/ BTC DOT/BTC is in a Broadening Wedge Pattern. This Means The Price has a Great chance To Still Range In This Pattern cuz There is No Break out Here yet. We Can See That The Price is right at the Bottom Of The Mentioned Pattern. So This Means The Price has a Great Chance to Increase From Here and Reach The Top of The Broadening Wedge Pattern Which is also a Resistance Zone For it as well. There are also Regular Bullish Divergences (+RD) On MACD & RSI which Makes Us Think The Expected Bullish Movement is Pretty Reliable. What Is Polkadot (DOT)? Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3. Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community. Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services. The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain (explained further down). Polkadot’s native DOT token serves three clear purposes: staking for operations and security, facilitating network governance, and bonding tokens to connect parachains . Polkadot has four core components: Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains; Parachains: independent chains that can have their own tokens and be optimized for specific use cases; Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model; Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum.
by CobraVanguard
2
Bond Broadening - in 3DVolatility is the name of the game as the major indexes were in a big range all week. The Nasdaq is testing it's 2 hour UBB with a Bull Flag under resistance. The Russell 2000 also has a Bull Flag after finding 2hr LBB support, setting up a potential Lower High under the 2h 50 SMA. The Bonds gave back the bull break during the FOMC meeting and are now showing a choppy head and shoulders, on the 30 minute, which does not have the nice rolling shoulders. The weekly iH&S neckline remains a point of control.
TVC:US10Y
by Pennywick
We look for Reversals...Just an insane day in the Markets, As we knew.. we did not hold short. What did we know, we look for a reversal. We hit our outside quarter target and fell a bit more towards our 420 level before ripping almost 20 points into the close. Is this the bottom? It does NOT MATTER. We trade what we see, each day is a new day. This market can fall just as quick. We add our probabilities and take the highest set ups. Good job to those who caught the reversal here.
AMEX:SPY
by MoneyFlow_Options_Community
ATOM's Movement scenarios In The Next Few DaysHi every one COSMOS / TETHERUS ATOM is in a Broadening wedge. The Price is gonna range In this Pattern For Now Since There are no Clue of a Break out or Sign of It. So right Now The Price is at The Top of The wedge But It shall Start To Decrease Soon. ATOM has Not been Able To Break It's ATH 3 Times in a Row(Around 44$) So The Odds of Doing It for The 4th Time Is Pretty low. In The Best Possible Scenario It would Decrease to The Drawn Support Zone and Then It would Start To Increase Again. Even a Break out Might Happen & we would See ATOM above 44$! This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
5
Triple trend line intersection on BTC daily. I have had a descending, broadening wedge drawn for a while. Somewhat later I identified a falling wedge inside of the broadening wedge. I noticed an intersection of the supply lines of the two wedges and the demand line of the falling wedge. It corresponded to the lowest daily price for BTC, so maybe it does have some significance. BTC previously broke out of the broadening, descending wedge. This low represents a backtest of the previous supply line (now acting as a demand line). I'm not sure if back testing the previous supply line of a broadening wedge is something that has much significance. I would think it does have some significance but possibly not a very strong signal?
BITSTAMP:BTCUSD
by wuliwong
XTZ can Be Bullish Here is Why.Hi every one TEZOS / TETHERUS XTZ is In a Big Broadening Wedge Pattern. This Means The Price Can Range Between This Pattern Freely Until a Break out Happens.Now The Price is at The Bottom of This Patter So There is a High Chance For Bullish Movement To Happen Soon. The Resistance Is Shown on The Chart. This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
2
AAPL - Sign and ConfirmationThe long upper wick of the candle is a sign of price rejection. The first bearish pin bar on November 22, followed by another higher high long upper wick candle on December 1, is a sign that the trend is about to bend. Confirming the two sign is followed by another higher high with Bearish Engulfing Candle, this candle pattern could be the confirmation that the upward trend is done. And also, if you draw a line, you can see that there is a Bearish Broadening Wedge forming.
NASDAQ:AAPLShort
by Damako
Potential Broadening wedge formation on DOTUSDLong term buy & hold on polkadot for me, so this is merely a snapshot of where the asset is now in relation to USD or BUSD as the chart I'm using. Price can still go lower, and at this point, I'm deploying a small amount of BTC on dips, rather than USD as my USD is being used for other projects currently. Also staking, and compounding. If you zoom out on this one, there is an inverse head and shoulders which points to much higher prices from here, but that is not guaranteed and it can go lower, so the amount of BTC I deploy from here on, will be paltry amounts that add up over time. The broadening wedge is potentially forming, so that's only potentially bullish, and it can also be interpreted as a bear flag in formation, hence the caution. Would probably be looking for a test of 34/35 USD for more confirmation.
DLong
by JJMa