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BTC/USDTFalling Wedge Formation in 1H timeframe..!! In the case of an Upside Breakout, I am expecting a +10% Bullish Wave. Falling Wedge Formation The falling wedge is a graphic pattern of reversal of a downtrend in 68% of cases and continuation in 32% of cases. When the Falling Wedge occurs in a downtrend it is considered a reversal Falling Wedge or falling reversal wedge to announce a trend reversal. However, when the falling wedge occurs in an uptrend it is considered a consolidation falling wedge or falling wedge pullback to signal a continuation of the previous uptrend.
BITSTAMP:BTCUSDLong
by majidalisabir
ATOM/USDTThis pattern is important because it helps to indicate the continuation of a bullish or bearish market. When the direction of the price channel is in the upward direction it is considered the Bullish Price Channel and when the face of the price channel is in the downward direction it is called Bearish Price Channel. Traders could buy a stock when its price breaks above the upper channel line of a falling channel. It is prudent to use other technical indicators to confirm the breakout. For example, traders could require that a significant increase in volume accompanies the breakout and that there is no overhead resistance on higher timeframe charts.
Long
by majidalisabir
AKRO/USDTin the previous educational post, I posted about Rising Wedge patterns and in this post, I have explained Falling Wedge Patterns. ( Falling Wedge is the opposite of Rising Wedge pattern; for every chart pattern there are opposite patterns excluding some.) Falling Wedges are Bullish Patterns and it generates a bullish signal, Falling wedge patterns forms with Lower highs and lower lows. The Falling Wedge pattern forms in two shapes same as the Rising Wedge; If the Falling wedge pattern forms in an uptrend it will make a continuation and if the Falling wedge pattern forms in a downtrend it will make a reversal. The Lower highs and the lower lows along make a trend resistance and trend support. When a breakout occurs upside, the price breaks the trend resistance line. In a Falling wedge, a breakout occurs upside 60 to 70% of the time. To confirm a true breakout, we can take the help of Volume and other indicators. A true breakout will have a more significant volume than usual.
ALong
by majidalisabir
8
BTC/USDTIn the previous educational post, I posted about Rising Wedge patterns and in this post, I have explained Falling Wedge Patterns. ( Falling Wedge is the opposite of Rising Wedge pattern; for every chart pattern there are opposite patterns excluding some.) Falling Wedges are Bullish Patterns and it generates a bullish signal, Falling wedge patterns forms with Lower highs and lower lows. The Falling Wedge pattern forms in two shapes same as the Rising Wedge; If the Falling wedge pattern forms in an uptrend it will make a continuation and if the Falling wedge pattern forms in a downtrend it will make a reversal. The Lower highs and the lower lows along make a trend resistance and trend support. When a breakout occurs upside, the price breaks the trend resistance line. In a Falling wedge, a breakout occurs upside 60 to 70% of the time. To confirm a true breakout, we can take the help of Volume and other indicators. In a true breakout, there will be big volume than usual.
BITSTAMP:BTCUSDLong
by majidalisabir
2