BTC in a Falling Broadening WedgeBTC in a Falling Broadening Wedge on log scale chart. My guesstimate is we bounce somewhere around July at around 13.9K.
Fallingbroadeningwedge
BITCOIN is going base jumping within 3 hours, have caution!falling broadening wedge:
Stole this fractal from the top at 69k --eks BITCOIN is going base jumping within 3 hours, have caution!
ONE TA - UPDATE 2.0Update Chart from the Origin post. For further informations have a look at the related link Ideas below 👇
Trading setup:
Entry: $0.1734
SL: $0.1553
TP: $0.2648
Disclaimer: DYOR. No financial advice. Just for your impression.
AAVE TA - Long Term 12h timeframe
I decided to take a swing long position for a longer term for this reasons:
► Momentum going up
► bounce from the 0.716 fib level
► falling broadening wedge → bullish pattern
► High risk reward ratio
► Low risk with tight SL, very big opportunity, high tvl
► Potential breakout of this Pattern
► Forming a possible nice W pattern too
If we are falling a little lower, I will increase my position till the SL is reached.
Trading setup:
Entry: $173
SL: $149.96
TP: $422
Disclaimer: DYOR. No financial advice. Just for your impression.
UBER Falling Broadening WedgeSupport/resistance lines
1. $41.95
2. $33.96
Trend lines
1. The first main trend line begin with the IPO lunch and forms the support line for the falling wedge.
2.The second main trend line begin with the initial structure high at $47.16 and forms the resistance line for the falling wedge.
Falling Broadening Wedge
We can see the Falling Broadening Wedge forming slow with the Highest point at $47.17 and the lowest point at around $15. The resistance trend line has been touched 2 times and the support trend line has been touched 3 (4) times since the form.
In the falling broadening wedges the most usual scenario is the the price consolidation when falling in that two trend lines and in some point the price to break the resistance trend line and form a breakout.
RSI
1. 5-Period Rsi
In that period i used it to define the main swings/waves of the charts.Based on oversold-overbought areas.
2. 14-Period Rsi
In that period i used to define possible divergences.
Scenario
