Get started

Falling

AUDUSD: BEARISH DESCENDING TRIANGLE 🔻AUDUSD: BEARISH DESCENDING TRIANGLE 🔻 BIAS: BEARISH 🔻 TECHNICAL PROJECTION: BEARISH On the H4, we have a bearish bias that price will retest "B" & "D" area and to continue further bearish to 0.6665 target to complete its "e wave" from the bearish descending triangle pattern. FUNDAMENTAL PROJECTION: BEARISH DXY STRENGTH: Market could be pricing further 75bps hike tightening to come & balance sheet reduction to continue at $60b & $35mbs over the three month timeframe. As price is currently retracing, look for a retest of 0.6800 before a move lower could be possible.
by maraxrara
1
Chilliz Has a Junk Yard Magnet Wedge And is Ready For Bull!What's up trading view Family! What A Good Day to be Alive. Today we will be taking a look at CHILLIZ and how similar the market structure is to XLM (aka STR). Many people think we are headed into a bear market but I say we already had one! its exactly like the Altcoin bear market of 2017 (only a bit longer as the cycle grew) I also see Bitcoin and Ethereum have a lot of upside left before they see another bear market anywhere near the size of 2018, and this will carry many undervalued altcoins into a bullish market. Stay confident! Whales love buying blood in the streets. Stay profitable.
BITFINEX:CHZUSDLong
by High_Altitude_Investing
1
FLMUSDT needs to create a new breakout The price had a breakout from the falling wedge and now the market is testing the monthly resistance at 0.12$. The price is testing the 0.5 Fibonacci level as retracement. How to approach it? IF the price is going to have a breakout from the monthly resistance and retest the 4h resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
ALGOUSDT needs new liquidity for the reverse trade The price lost the monthly support and now the price is going to create a falling wedge on the monthly support. The price had a false breakout from the falling wedge and it got new liquidity for a bearish impulse. On the 4h timeframe the price is testing the support above the demand zone. How do you approach it? IF the price is going to have a breakdown from the 4h support and grab new liquidity, tra According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
BITCOIN : FALLING WEDGE PATTERN ( MEI 2022 )The Falling Wedge Pattern is a chart pattern that signals a bullish momentum. This pattern is the opposite of the rising wedge pattern which has a bearish tone. The falling wedge can be formed as a trend reversal pattern (from falling to rising) and it can also be a trend continuation pattern (continuing up). By studying the Falling Wedge Pattern, you will be better prepared to be able to take advantage of buying opportunities if this pattern is formed in the market. Bitcoin is currently forming a Falling Wedge Pattern, and is now at impulse 4, and has the potential to break through to impulse 5 if it is able to breakout at $32k-$34k. I suggest you don't go ALL in, it's better to keep accumulating gradually if suddenly there is a breakdown to $20k. Thank you.
Long
by yogarestu55
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.
ILong
by kinjeoww
1
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.
ILong
by kinjeoww
BTCUSDT VOL SQUEEZE + FALLING WEDGEImportant things to note: There are actually reasons to be short term bullish right now, yay! Bullish Divergence is building right now on the lower timeframes. Falling Wedge should push price into my box. Watch for creation of inverse H&S on push up. IH&S would likely lead to retest of top trendline. Price is holding up well given the circumstances. Large buyers have been stepping in on spot. Futures still getting rekt. Likely covering spot purchases. On chain data shows very low supply. A supply shock would lead to a decoupling from QQQ. Macro situation still very uncertain. I am macro bearish until the Fed switches gears and implements yield curve control (which they will). Tradfi getting rekt hard. I do not see an end to the macro situation until the Fed breaks the credit market. Hello everyone! I hope you are all doing well! My last box was hit perfectly. It took a little longer than expected due to earning season for tradfi. I have some good news. I have been keeping my eye on supply and it looks very promising. So, we have large buyers stepping in on spot which is keeping the price from falling into goblin town with the rest of Tradfi. Futures are still putting a lot of sell pressure on BTC at the moment, but the spot buys are offsetting it. This is causing a vol squeeze which can either push price up or down. I can see RSI bullish divergence building on lower timeframes and we can see a nice falling wedge. I will be looking at the PA on the way up to my new green box. Specifically, I am looking for the formation of an inverse H&S pattern which would bring the price up to test the top trendline. Though I am short term bullish, I am macro bearish until I see the Fed pivot on their hawkish stance. The Fed is currently breaking the credit market, which is breaking the equity market. Eventually, they will need to reverse course and implement yield curve control to stop the bloodshed. When this occurs, the market will have bottomed and pump rather hard. I can see this happening in the next 6-9 months, so stay tuned. The good news is that if BTC can push itself a bit higher, you will not have to worry about BTC breaking 30k when Tradfi bleeds. I think the supply shock coming into BTC along with short term bullishness can act as a good buffer against the macro environment. This is bitter sweet for me because I would love to purchase more BTC on the cheap. I have been buying steadily since the last drop to 32k. I will continue to update you once my box has been hit! Keep an eye on the price action! Thanks everyone! So tell me what you think? Not financial advice. Do your own research.
Long
by mysticalwalrus
8