Falling-wedge
Egld/USDT Long📈N.B. My strategy is based on huge explosive profit or very little profit so without breakeven stop loss at the right time we will lose in very little profit so follow me if you want to know breakeven stop loss
Trading proposals post based on price action,
technical analysis, major intraday supports
and resistances, rejections, breakouts, chart
patterns and other factors.
How this analysis was done:
First I find usdt pairs using crypto screener then if all Three×3 in 1 indicators gives main entry confirmation at the same time I go with the analysis then I find Support and Resistance zones in 3x entry timeframe also using one of the three indicators for backing up my analysis and filter bad signals then I also make trendlines using two of the 3 indicators in 3x entry timeframe for filter out more bad signals then again using one of the 3in1 indicators I filter fake breakout in entry timeframe and in higher time frame and then if other minor conditions is confirmed the analysis is done.
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ICX/ETH - Long-term falling wedgeHello my dear friends, here I am again. Like promised, here is the longer term outlook on the ICX/ETH pair. As u can see, we are situated in one of the biggest falling wedges I have ever seen, dating back to 2018!!! U can see the paths this pair will take when one of the trend lines breaks. In my opinion, because a falling wedge is a bullish pattern, it will more likely break to the upside rather than to the downside. I estimate the chance for a bullish outbreak to be 80-90 percent. But if it breaks the support we can see a very sharp move to the green box marked in the picture. However, when we break to the upside, I expect massive movements for the ICX/ETH and even the ICX/USDT pair. When it breaks out it can take 2 paths. One path indicates a fast break of the blue target of the falling wedge and going further parabolic. The other path indicates a far weaker move, meaning the pair will get hindered by the target area and drop to the previous marked support and consolidate for some time before moving up again. Both are equally probable in my opinion so watch out for that. A break to the upside would mean that ICX is ready for a new all time high for the ICX/USDT pair, as I think ETH will stay strong in the meantime. That's it for today, any comments would be helpful, thanks.
ICX/ETH - Break it or leave itHello my dear friends. Here is an Idea of the ICX/ETH. This is the shorter term outlook for the aforementioned pair, the long term one I will post shortly after this idea. U see in this chart the marked resistances which ICX/ETH has to break to form some sort of bullish impulse which could create a new longer term narrative to the coin against ETH. This coin is called the Ethereum killer by the die hard maxi's. The break of the trendline will decide if they are right or wrong.
This coin is situated in a falling wedge (bullishly biased pattern) and is nearing its apex. So we have to expect a break to either side the coming couple weeks. In my opinion I think itll break up since ICX has amny developments going on and the many bullish divergences created on the weekly chart. There is also another major trendline when ICX breaks out of its small falling wedge. This trend line dates back to the conception of the ICX/ETH pair and is thus more important than ever to break. It is situated pretty high from this price so ICX may fake us out along the way and get rejected from this line. But when it breaks this major trend line, I think ICX will make its way to 10 usd plus prices very soon. If it gets rejected we may need more patience. That's all, cheers.