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Descendingwedg

LITECOIN (LTCUSDT) the last chance (bottom) and the range marketHello 🐋 Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️ we expect to see gain besides the range market is acceptable scenario too 📖💡🚀 and if the price break the rang area to the upside, we will see more gain 🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
2
SANDBOX the last chance (bottom) and the range market 📖🚀Hello 🐋 Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️ we expect to see gain besides the range market is acceptable scenario too 📖💡🚀 and if the price break the rang area to the upside, we will see more gain 🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
2
Morning Star is confirming a recovery trend on Terra Luna! The morning star formed a bullish engulfing candle set as expected. We have to confirm today's daily chart candle, of course. We exit the descending wege that`s left us with a higher degree of certainty for Luna's rebound at least to a 1 target at $97.00 Bitcoin appears to have hit bottom also. We could have a decisive bull week to resume BullRun. It is to be very attentive with the possibilities of this week in Kripto.
Long
by Chemintrader
ADA - very quick updateVery quick and dirty ADA 1hr chart update: On the 1hr chart, ADA is in a potential Falling Wedge Pattern. A Falling Wedge Pattern in an uptrend is a potential Bullish Continuation Pattern. Obviously this is all dependant on what BTC does tonight. ADA has found some resistance at its Bollinger Bands Middle Band Basis 20 Period SMA on this 1hr timeframe. Note that the price is above its Least Squares Moving Average (LSMA) which is a buy signal on this 1hr timeframe. A close above the Bollinger Bands Middle Band Basis 20 Period SMA and the Volume Profile Fixed Range Point of control (VPFR POC) will be a very good sign of continued renewed upwards momentum. I hope this quick and dirty update is helpful with your trading and hodl-ing. Black Squiggly Line = LSMA Grey Bands = Bollinger Bands Short Horizontal Red Line = VPFR POC Long Horizontal Red Line = VPVR POC Dashed Line = Upwards Support Line The 2 Descending trend-lines = Falling Wedge
BINANCE:ADAUSD
by TradingThroughTheLens
3
Strong Bullish Price Action - New Buying OpportunityBullish trend confirmation indications: 1. Descending Wedge Pattern Broken. 2. Impulsive price action at the break of the wedge. 3. Price Broke the Squeezed Wedge with High Volume. 4. Price has retraced to the broken resistance zone, which is now Support. 5. Price Action shows Bulls are in control. 5. Good Buying Opportunity and very good reward potential. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX:AGLLong
by AsimMirzaTrader
4
WEEKLY OUTLOOK: High probability set-up for the upcoming weekWARNING ---> HIGH PROBABILITY SET-UP ! ! ! HOW TO TRADE IT? The opportunity here is to SHORT the top with a small Stop Loss & a big Take Profit --> 1:5 Risk To Reward Ratio. So wait until the market reaches the resistance at 0.6230 again and put a short order OR put a pending order (SELL LIMIT) at the price you want which it is better to be around 0.6325 - 0.6335. WHY SELL FROM THERE ? --> The market after the breakup of the descending wedge it went higher with a strong/sharp move, until the next critical area, where sellers reject bull 3 times at this price. --> Price action is quite clear at the Daily chart, as you can see the market went to the area & drop immediately from this price & then it tried again but it fails again (Wings at price : (0.6325 - 0.6335). --> Buyers lost their momentum at this area so we will see a drop OR at least a big correction, which also can get you a lot of pips, but in a longer period of time. --> After the last drop on 4H chart (Bearish candlestick) is obvious who took the control. HOW TO MANAGE THE TRADE? You need to organize a trade plan in order to manage correctly the trade. In my opinion especially if you are a novice trader follow my strategy, which you take parochial profits in every price that you think the market is likely to reverse. For example 0.6225 you should definitely take parochial profits. ---> For any questions just comment here or send me a private message. It will be my pleasurer to help you out ;) HAVE A NICE WEEK & HAPPY PROFITS ! ! !
Short
by MONEYMAKER00
2
BTCUSD Nice Descending Wedge Formation At the high of 12454.21 BTCUSD has down trended with a lower high at 11340.95. Thus said, price has not formed any lower lows since 11130.0 making this stong support as price came down to this level 3 times, which created a descending wedge formation! The top yellow line indicates the resistance level, and the bottom yellow line marks strong support previously mentioned. To continue, price is currently under the 50 moving average and should potentially break below support as price pinches inside the wedge formation. Entry is based on if you trade the retest or breakout, and that will be at the support line. take profit would be at the previous level of support or whatever feels comfortable. Also, stop loss will be close to a structure level where prices has tested multiple times to net a nice 2.43 risk to reward.
BITSTAMP:BTCUSDShort
by AzzenWazHere