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Falling Wedge

🚧ADAUUSDT is bullish now🚧 & many Traders don't see it(WA)👀!!!As you can see, the price is in a Falling wedge. If the price can break this wedge, we can hope that the price will act like a butterfly pattern and the price will grow well. ❗Weekly Analysis. ⏮️previous Analysis 🍻Hard for everyone but easy for me. thanks God... _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Long
by CobraVanguard
1
🚀 Crypto Market Cap (TOTAL 2): Ready for Launch!Excitement is brewing in the crypto sphere as the Total Market Cap of cryptocurrencies (TOTAL 2) signals an imminent surge. All indicators point to a bullish rally, and the chart is painting a compelling picture of an impending breakout. Get ready for a thrilling ride as we navigate the confines of an ascending triangle, gearing up for the third and potentially most explosive retest of the upper boundary. Chart Analysis: Explosive Potential in TOTAL 2 The chart for TOTAL 2 is currently forming a bullish pattern within the confines of an ascending triangle. This pattern suggests a period of accumulation and anticipation, typically culminating in a breakout to the upside. The impending third retest of the upper boundary is a pivotal moment that could launch the total crypto market cap into unprecedented heights. Technical Indicators: Aligning for Takeoff Key technical indicators, including the series of higher lows and the formation of a well-defined ascending triangle, are aligning to create a robust bullish scenario. The repeated testing of the upper boundary serves as a buildup of potential energy, and when released, it could propel TOTAL 2 to new highs. Trading Strategy: Strategies for the Bullish Surge For traders, this imminent breakout offers unique opportunities. Positioning for a surge in the total market cap requires a keen eye on key resistance levels, confirmation of the breakout, and swift execution of trading strategies to capitalize on the bullish momentum. Conclusion: Countdown to Crypto Market Cap Eruption As we stand on the cusp of a potential breakout, the crypto community is eagerly anticipating the eruption of TOTAL 2. This ascending triangle setup, coupled with the third retest of the upper boundary, hints at a significant upward trajectory. The countdown to launch has begun, and the crypto market is poised for a thrilling ride. 🚀 TOTAL 2 Analysis | 📈 Trading Strategies | 💡 Investor Perspectives ❗See related ideas below❗ Share your thoughts, strategies, and excitement in the comments! Let's ride the crypto wave together. 💚🌐💚
CRYPTOCAP:TOTAL2Long
by Yaroslav_Krasko
NEAR Falling Wedge Retest : $2.8 targetExciting developments are unfolding in the world of crypto, and NEAR Protocol (NEAR) has caught our attention. It recently broke out of a falling wedge pattern, and the current setup presents a golden opportunity for those keeping a close eye on this dynamic project. Let's explore the breakout and the potential rewards it might offer. 📈💎 Breaking Out of the Falling Wedge: NEAR has recently made a significant move by breaking out of a falling wedge pattern. This pattern is often a bullish signal, indicating a potential reversal or upward continuation. The Retest Scenario: Following the breakout, NEAR is currently in the process of retesting the wedge's upper boundary on the daily timeframe. This retest could act as confirmation of the breakout and provide an entry point for traders. Risk-Reward Ratio: 1:7? For those considering a position in NEAR, the risk-reward ratio appears to be favorable. Depending on your risk tolerance, entering now during the retest could potentially yield a risk-reward ratio of 1:7. Trading Strategy: Observation: Monitor NEAR's price action during the retest phase, paying attention to signs of confirmation. Risk Management: Implement a robust risk management strategy, considering the volatility of the crypto market. Entry Point: If the retest confirms the breakout, consider entering a position, keeping in mind your desired risk-reward ratio. Conclusion: NEAR's breakout from the falling wedge presents a compelling opportunity for traders. However, it's crucial to approach the market with caution and ensure that your trading strategy aligns with your risk tolerance. As you navigate this potential trade, may your analysis be sound, and your trades lead to success. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
🚀Kusama : Is a Breakout on the Horizon?🚀Kusama (KSM), often referred to as the experimental cousin of Polkadot, is currently catching the attention of traders and investors. While the cryptocurrency market is no stranger to price volatility, Kusama's recent price action has sparked excitement and anticipation for a potential breakout. Shakeout Strategy: The Art of Market Manipulation In the world of trading, market manipulation often plays a significant role. One strategy employed by market participants is a shakeout, where prices are manipulated to briefly dip below a key level before rebounding. For Kusama, this key level stands at $16, the lowest point in recent trading. Pattern Recognition: Breaking Out of a Descending Wedge Another positive development for Kusama is the formation of a descending wedge pattern. This pattern, characterized by narrowing price ranges, often leads to a breakout. In Kusama's case, the potential for an upside breakout is generating excitement among traders. What to Expect: A Potential Bullish Surge Based on these patterns and strategies, many traders are watching Kusama closely. A successful rebound from the shakeout point, combined with the descending wedge pattern, may serve as a springboard for a bullish surge. Trading Strategy: Preparing for Opportunities For traders, Kusama's current situation offers the chance to prepare for possible trading opportunities. Whether you're a seasoned trader or new to the game, risk management is crucial in such scenarios. Conclusion: The Potential for a Kusama Surge While Kusama's recent market activity has included a shakeout strategy, there is reason for optimism. The descending wedge pattern suggests the potential for a bullish breakout, and for traders, this translates into the chance for profitable trades. 🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis ❗See related ideas below❗ Please share your thoughts and insights on Kusama's price action. 💚🚀💚
Long
by Yaroslav_Krasko
Polkadot's Critical Retest: On the Path to $22! 🚀Polkadot (DOT) is entering a crucial phase as it approaches a significant horizontal level and forms a descending wedge pattern, signaling potential growth that could lead to a target price of $22. 🟣💹 The Importance of Retesting Key Levels In the world of cryptocurrency trading, retesting key levels is a pivotal event. It often serves as a critical turning point that can determine a digital asset's future trajectory. Polkadot's Journey: The Descent and the Retest Polkadot's recent price action has formed a descending wedge pattern. This pattern is characterized by lower highs and lower lows, creating a narrowing price range. Within this wedge formation, Polkadot is now conducting a retest of a vital horizontal support level. The Next Target: $22 With Polkadot's recent performance and the retest of this significant support, traders and investors are looking toward a price target of $22. Achieving this level would validate the bullish sentiment and potentially open doors for further upside. Trading Strategy: Navigating Polkadot's Path For those in the crypto trading community, it's essential to monitor Polkadot's price action closely. This may present opportunities based on the retest dynamics and the subsequent potential move to $22. Conclusion: Polkadot's Journey Continues As Polkadot retraces and retests a critical level, the crypto market watches with anticipation. In the dynamic world of cryptocurrencies, every move counts. Keep a keen eye on this exciting journey, and remember that market conditions can change rapidly. 🟣 DOT Analysis | 📈 Technical Patterns | 🚀 Crypto Insights | 💡 Trading Strategies ❗See related ideas below❗ Share your thoughts, insights, and predictions. 💚🚀💚
Long
by Yaroslav_Krasko
1
FNGD retrace to $8.50 before target of $10.51, coil/fakeout/pumpFNGD to go back down to $8.50 before target of $10.51 Nxt I'm expecting a little retracement back to $8.51 with buy limits set from 8.88 down to 8.51 Take Profits at $10.17 and $10.51 Expect to retrace again and coil up. People will be talking about bears taking over, but the Santa rally will cheer bulls up and give them hope... meanwhile we are playing both sides. Into 2024: Due to everything going on and how much this market has tripped everyone up and out, I expect a double fakey to occur. FNGD will appear to be pumping (bears winning on FNGU and S&P) then the bulls will appear to take control and the descending triangle on the S&P will appear to have a breakout to the upside only to fail. People will say its due to a news event, but the Operator/Fed is planning this. Equities will retreat to safety of Bonds. S&P will Fall, and lay off employees, people will beg for the Fed to cut rates and when they do Bonds will explode then Gold then after Equities and Crypto Capitulation we will rebuild on the scorched earth. BUY BUY BUY WHEN THERE IS BLOOD IN THE STREETS IN MARCH/APRIL 2024!
AMEX:FNGDLong
by itsmrpizzatoyou
ENJ's Bullish Wedge: Unlocking ATH🎮💹Enjin (ENJ), a distinctive contender in the cryptocurrency arena, is currently in the midst of an exciting journey, setting the stage for potential surges in value. 🎮💹 Soaring to New Heights: ENJ's Redemption Enjin, known for its association with the gaming industry, has weathered its fair share of challenges. However, like a protagonist in a captivating storyline, it's now ready for a remarkable comeback. Gaming Meets Blockchain: A Powerful Combo The fusion of gaming and blockchain technology is a match made in heaven, and Enjin is a front-runner in this game-changing fusion. Chart Analysis: A Glimpse into ENJ's Future A close examination of the charts reveals that Enjin is showing signs of life. The formation of a significant bullish pattern, the falling wedge, hints at a potential breakthrough. Trading Strategy: Navigating ENJ's Ascension For traders, recognizing Enjin's potential within the gaming and blockchain spheres should influence their trading strategies. Keeping an eye on pivotal indicators, staying updated with the latest news, and monitoring gaming partnerships are essential. Conclusion: Enjin's Epic Journey As Enjin redefines its narrative, it stands on the precipice of an era that could have profound ramifications. The convergence of gaming and blockchain, combined with the potential resurgence of the cryptocurrency market, positions ENJ as a project with a bright future. 🎮 Gaming and Blockchain | 📈 Cryptocurrency Surges | 📊 Trading Insights | 🚀 Price Targets ❗See related ideas below❗ Feel free to share your insights and engage with our community. Your active participation enriches our crypto discussions. 💚🚀💚
Long
by Yaroslav_Krasko
1
Boson Protocol Massive falling wedge.RSI over 40 on weekly and price appears to be at bottom range. Shows signs of 270 days in consoldation and accumulation. Buy the breakout. Real trendline breakouts produce high volume. So wait for big bull volume to come in after price goes above the major trendline. Buy when price retests support after breakout. First target is 0.58c. Second target is 1 USD. Use appropriate risk and trade management which is key to success in trading. Use stoploss. Recommended risk of portfolio is no more then 5% but risk with what you are comfortable lossing. Exit sign after breakout is daily candle close below 0.19c but put stoploss with what you are comfortable lossing.
Long
by ascendanto
Coin Watch: Toncoin (TON)TONCOIN (TON) is the native token of the blockchain platform The Open Network (TON). TON is a decentralized, scalable blockchain with the potential to handle millions of transactions per second. It consists of key elements such as TON Blockchain, TON Payments, TON Proxy, TON DNS, TON Storage, TON Services, and TON Workchains. TON aims to offer a highly scalable and secure network with features like multi-chain architecture, decentralized storage, anonymity, and decentralized DNS. The TONCOIN token serves various purposes within the TON ecosystem, including staking, governance, transaction fees, and access to services. Looking at the weekly chart, we only have data from late 2022 and price has been ranging between 1$ and 3$. Recently, the coin is in a bull run since august and is approaching resistance levels around 2.3$ and 2.6$. On the daily chart, a falling wedge pattern was broken 6 days ago but is still in progress, with a target price of 2.5$. RSI is bullish on both charts, but not totally overbought yet. Stay tuned!
by cyatophilum
GameStop: Remains In A Position to Break Bullishly From Its ZoneGME has been getting sold off with the macro for quite some time and it continues to push deeper and deeper into dangerous territory. At this point in time, it has pushed slightly below the 0.382/0.886 Confluence Zone and is now at the 200 SMA, but with that, we can see that the Local Bullish Shark can extend into a 1.618 Extension, so the Breakout watch is far from over on GME though we are getting towards levels where one may leave it alone. I would say that if GME breaks below $11.50, there would be a very distinct chance of it dumping down to $9.5, but if it instead holds above $11.5 and pushes back above $14.00, then we could instead see GME make a rapid move up to $18.00, which would be just high enough to test the supply line of our Channel/Falling Wedge. From there we could possibly break out of it and go for the measured move, but for now, I'd say one would probably want to have a short-term position to take profits on at $18.00 and a separate longer-term position to hold strong until GME gets the big measured move breakout to $74 - $134
NYSE:GMELong
by RizeSenpai
4
XRPETH falling wedge/bull pennantWe can see that price action is reaching the apex of the white wedge/pennant and that the orange 50ma has now entered the pennant. Looking at where the stoch rsi currently is, odds are good that price can maintain support on the 50ma and that it could help lift or bounce price up out of the pennant and send it heading towards the breakout target. I have only posted the pennant breakout target here, the target for the wedge on its own will be a lower than this one, however I see that the pennant target share bullish confluence with the double bottom target so I feel that increases the odds that the breakout could result in it hitting the full pennant target instead of just the wedge target. Of course until a breakout is confirmed there’s still a chance it could go below the pennant and break downward instead although much less probable…it could also always do the classic fake like it’s breaking down when its really just pullling bad the slingshot before rocketing back upward and out of the pennant. We will likely see soon enough before September seems likely. *not financial advice*
by DrDovetail
2