XLM/USDT is ready to fly once again!Hi every one
STELLAR / TETHERUS
XLM/USDT is now in a broadening wedge! the price can range between this pattern Until the break out happens! as you can see XLM has reached the bottom of this pattern and now is trying to move to the top of this pattern! so this means XLM can touch It's ATH once again!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
Broadening Wedge
$FUBO Descending channel and Broadening right angled formationAfter reaching all time highs as a result of "short squeeze" during late 2020 $FUBO crashed to $23 forming a support line. The price of the stock increased to $58 per stock with good news on acquiring streaming rights of European Football games. People started dumping their stocks (including me) making a huge profit and got out of game.
I would say overall Fubo is bearish and is trading between 2 red lines (descending channel) making lower highs and lower lows. During march the price fell below $23, breaking the previous support line and making new lows. What caught my attention is that the stock broke out of the descending channel by forming a broadening right angled pattern. The stock made 2 minor highs and 2 minor lows which confirms the formation of the pattern. Our previous support line turned into horizontal top resistance line and down slopping trend line once again confirms the broadening right angled formation. The stock made partial rise towards the top trend line but failed to touch it during last few days. I expect short term bearish continuation. I would expect 10-15% decline in price in upcoming 2 weeks.
I would suggest to wait for the final confirmation of volume as in these types of formations prices can break out in either direction.
This stock is on my watchlist and I made a good profit In January. I will give you an update next week if I see any signs of a breakout.
Good luck and trade smart! (not a financial advice)
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BTC/USD situation explained! (read the caption)Hi every one
Bitcoin / U.S. Dollar
you might be wondering what is the BTC situation right now. well as you can see the Elliot waves principle has been completed and the price is ranging in a broadening wedge . the price is now near the bottom of the broadening wedge and is ready to fly once again! for now please try to NOT trade in futures because It's dangerous as hell and hold on to your portfolio ! :) note that after the completion of the Elliot waves the price can start a strong bullish movement!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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BCH/USDT has a great entry point!Hi every one
BITCOIN CASH / TETHERUS
It seems BCH is in a broadening wedge right now! this means the price can move between the wedge lines until the price breaks this pattern! for now the price has touched the bottom line of this pattern and started to increase! so there is a great chance that price would continue to rise from this point! in our prediction BCH can reach 1800$(in long term of course) what do you think?
Our more recent analysis of BCH/USDT :
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Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
SOLUSDT Good BUY!SOLUSDT(1H CHART) Technical Analysis Update
SOL/USDT currently trading at $46.45
Buy-level: $45.50 - $46.50
Stop loss: Below $43.50
Target 1: $47.30
Target 2: $48.90
Target 3: $50.00
Target 4: $53.00
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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SOL/USDT on a bull run again!Hi every one
SOL / TETHERUS
SOL/USDT has started to move in a broadening wedge which is good pattern for bulls in this situation as you can see the broadening wedge can easily increase the price up to 56$! There is also a hidden bullish divergence (+HD) on MACD as well that is a great bullish signal as well!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
LTCUSDT Look Bullish!LTCUSDT (DAY CHART) Technical Analysis Update
broadening Wedge
LTC/USDT currently trading at $352.50
Buy-level: Above $375 (only buy if day candle closes above $375)
Stop loss: I will update once i see the breakout)
Target 1: $400
Target 2: $450
Target 3: $500
Target 4: $600
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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EOSUSDT Broadening WedgeEOSUSDT (DAY CHART) Technical Analysis Update
Broadening Wedge
EOS/USDT currently trading at $10.180
Buy-level: Above $10.00 (only buy if day candle closes above $10.00)
Stop loss: Below $8.40
Target 1: $11.50
Target 2: $13.00
Target 3: $15.00
Target 4: $20.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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SKL short-term break downwardI few days ago I published how a potential breakout might be occurring soon with regard to SKL on the daily chart, but I just wanted to update that there is now a potential short-term break downward instead after revisiting the 4-hour chart.
It looks like after the dip from what looks to be a fake out from the other day, a bearish ascending broadening wedge formed instead (red dotted lines) that now looks to be starting to break downward. There looks to be a bit of resistance at the base of the current descending wedge (bottom red dotted line), but there is potential for a bit more of a dip against BTC in the short term, particularly if further BTC drops persist.
And of course, this is not meant as financial advice and is just my opinion, but please like or comment if you agree or see anything differently.
ENJ/USDT is ready to do a strong bullish movementHi every one
ENJIN COIN / TETHERUS
ENJ/USDT is trying to form a broadening wedge it can increase to the top line of the broadening wedge. There is also a hidden bullish divergence on both MACD and RSI indicators which means the bullish movement is more likely to happen.
Our more recent analysis of ENJ/USDT :
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
who is gonna take control of GBP/JPY? bulls or bears?Hi every one
BRITISH POUND / JAPANESE YEN
the GBP/JPY has formed a broadening wedge pattern with hidden bullish divergences on both MACD and RSI( shown in the left chart). how ever there is also a head and shoulder pattern on the chart as well which if the neckline breaks the price will decrease accordingly.(right chart) what do you think will happen? will it be bearish or bullish?
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
#CAKE, #PancakeSwap Breaking out of Formation?A quick look at #PancakeSwap (#CAKEUSDT, #Binance, 4HR):
Whether we see a wedge or a broadening formation, CAKE is broke up from it with a nice spike in volume.
If confirmed, it could be a good entry.
If it fails, price could go back to the $23-$22 level.
If you want to read more about PancakeSwap on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
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Needless to say, this is not financial advice!
DXY to Continue Showing Strength as it heads towards 95We got in at the bottom and will continue to show conviction as the DXY attempts to back test the old 91-92 resistance zone as support. If successful the DXY should have clearance to rise to 94 and beyond.
As of now the DXY is showing 3 layers of hidden bullish divergence on the MACD and 2 on the RSI while forming what looks to be a broadening channel above the 92 resistance area.
I expect that this uptrend for the DXY will continue as the US Dollar continues to gain strength and overblown fears of inflation become shattered.
NQ> 12700 in sight?This is a textbook broadening wedge (megaphone). Although price can breakout either above the top line or below the lower line my bias is short. line as the 4h time frame shows overbought on RSI. This wedge has been touched by price 3 time on both top and bottom and this is the requirement for validation. I don’t know yet if I will take this trade as it is rather gutsy but we shall see. Target price 12700.
CL > broadening wedge patternThis is a bottom broadening wedge where price enters from above and touch the lower line first. This is usually a reversal pattern but really it can break out either way.
Usually after wedge is validated-( 2 touches of both lines but ideally at least 3 touches on one of the lines)- you will see a partial rise (or fall) before reversing again. I believe we are in the partial rise stage and price will reverse down. However, confirmation of short or long would be breaking an imaginary horizontal line from the rightward most side of either line.
Just wait for the trigger.
I Can't Get Over How Great $THETA LooksTheta has been printing an ascending broadening wedge since March 10th. The price is currently sitting in a nice symmetrical triangle. The market as a whole seems bullish right now so there is a high chance that we see this triangle break up. In the short term I am targeting local highs. I think we could see price in the $22.00 range (Fib Extension) by the first week of April if the market remains bullish. The BTC pair for $THETA looks very similar to this chart. I am bullish on both pairs.
ALGOUSDT ALGOUSDT (4H CHART) Technical Analysis Update
ALGO/USDT currently trading at $1.169
Long Entry-level: $1.10 - $1.17
Stop loss: Below $0.97
Target 1: $1.24
Target 2: $1.38
Target 3: $1.50
Target 4: $1.75
Max Leverage: 2x
ALWAYS KEEP STOP LOSS...
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Crude Oil at Critical LevelWTI Crude Oil is currently at a critical support level. The red line signifies the broadening formation that Crude is moving in. If we see a proper bounce here, the volatility in the markets as a whole will cool off too, because oil heavily influences the industrial and financials sectors.
BTC - H1/M15 - TRADING IN THE ZONE - AT A GLANCEH1 : In a broadening wedge formation, close to clouds support zone which is
currently very thin = fragility !!!
A failure to hold above the clouds would put the focus on the former low area around
54000/53000 area first
M15 : Currently trying to reenter in the former short term downtrend channel, without success for
the time being.
Watch former double bottom @ 56712 as the first support !