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Falling Wedge

Potential Falling Wedge Formation on ATOM/USDT 1D ChartGreetings traders! I would like to bring your attention to a notable chart pattern forming on the ATOM/USDT 1D chart. The price has been consolidating within a significant falling wedge pattern, which is yet to experience a breakout. It is essential to closely monitor this pattern as it has the potential for a significant price movement. Key Observations: 1)Long-Term Support Trendline Break: The price has recently breached a long-term support trendline, indicating a bearish sentiment. This breakdown adds to the significance of the falling wedge pattern and the importance of monitoring its potential breakout. 2)Resistance at Midrange: Currently, the price is below the midrange level, which acts as a strong resistance zone. This reinforces the importance of waiting for a decisive breakout from the falling wedge pattern before considering bullish positions. 3) The price has reached the upper resistance trendline of the falling wedge pattern but encountered selling pressure and was unable to break above it. This rejection emphasizes the significance of the resistance zone and adds further importance to monitoring the pattern's breakout for potential bullish opportunities. Positive Signals: 1)Stochastic RSI Cross Up: A recent bullish crossover has occurred on the Stochastic RSI indicator, marked by a white circle. This suggests a potential shift towards bullish momentum in the price action. 2)Relevant MACD Cross: The MACD indicator has shown a bullish crossover (M↑ symbol in blue), indicating a potential trend reversal or the initiation of a new bullish phase. Please note that the analysis shared here is for informational purposes only and should not be considered as financial advice. It is always recommended to perform your own analysis and consider other factors before making any trading decisions. Remember to trade responsibly and stay updated with the latest developments in the market. Happy trading! Disclaimer: This content is intended for educational and informational purposes only. Trading involves substantial risk and is not suitable for all individuals. Past performance is not indicative of future results.
by Trading_Paradise
ADAUSDT's situation+next targets and expected movements.🤑The ADAUSDT is in a Bullish phase by reaching a PRZ zone & is in a Falling Wedge Pattern. 🌟 Bullish signals in the PRZ area are: - Support zone - Pivot S1 weekly - The Bottom of the Wedge area - Falling Wedge Pattern ❗and the Upward signals of market momentum are: - Divergence in MACD ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles or Wedge broken from the bottom , this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
by CobraVanguard
27
BTC unbeatable bullish chart patterns Hi dear community members and my loyal followers. I hope you are fine. I would like to bring your attention to this macro analysis with innumerable and beautiful bullish chart patterns. As you remember 6-8 months ago when BTC bottomed at 17.5K/a real bottom/ in June 2022 and 15.5K/spring/ in November 2022 with double bottom I publish a lot analyses and told you BTC bottomed and we are going to 28-30K. Back that time I published weekly Megaphone bullish chart pattern with 85K target/link below this analyis/, also I posted weekly falling wedge chart pattern with targets as well. Today I want to add 3 more chart patterns to those 2. BTC fromed daily bullish megaphone chart pattern, Inverse Head and shoulder chart pattern and reverse descending chart pattern. I'm bullish on BTC in 2023-2024 and expect min 48-52K in 2023 maybe 60-62K. BTW if you check all my previous analyses you we'll see how I nailed all major moves from 15.5K till now. If you ckeck my previous analyses you will understand besides these chart patterns what are other factors that make me think so and stay bullish. For short term as I posted in my previous analyses I don't expect BTC to drop below 25K, that is my worst case scenario, I even think BTC bottomed at 26.6K maybe could drop to 26K with wick taking out liquidity below 26.5K. I expect BTC to pump to 35-37K zone and fill weekly FVG. Below this analysis I will post targets for the above mentioned chart patterns. If you like my analyses don't forget to like, retweet, comment, follow me for further updates. I will appreciate any single like, comment and follow. Have a good day, I wish you good trades and huge profits.
BITSTAMP:BTCUSDLong
by ergal91
1
Can TURBO give up to ➕300% profit❗️❓The logo of the TURBO token is a 🐸 frog 🐸, like the PEPE logo, but this frog is an astronaut. Does TURBO really become a 👨‍🚀 spaceman 👨‍🚀? In order to understand whether TURBO is ready to fly or not, we must check its technical conditions on the chart. ⚠️First, we must be very careful about MEME projects, and you should not invest all of your capital or a large part of your capital in these projects; always look at the empty side of the glass.⚠️ It seems that TURBO has succeeded in forming a Falling Wedge pattern so that the volume of trading near the apex of the wedge has increased well. I tried to specify a 🔫 Trigger 🔫 on the chart for you, but it is better to add the TURBO token to your portfolio according to your own strategy (be sure to check the fundamental conditions of TURBO ). Do you think TURBO could be another PEPE? Turbo Analyze ( TURBOUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
44
BTCUSDT 1W INSIGHTAt the time of writing, Bitcoin is trading in the range of 27,400 to 27,600. This level suggests a period of consolidation and potential market indecision. However, it is important to note that a bullish order block has been identified at the 17,000 level. This indicates a strong support zone, which could provide a foundation for upward price movement in the future. Furthermore, the stochastic oscillator, a popular momentum indicator, is currently indicating an overdue condition. This implies that the market may have been overbought and could potentially experience a correction in the near term. In my professional opinion, a market correction seems likely based on the available information. However, please remember that market movements are influenced by numerous factors and involve inherent uncertainty. Therefore, it is essential to conduct your own research and exercise caution when making investment decisions. Looking ahead, if Bitcoin undergoes a correction, it could create opportunities for traders and investors to enter the market at more favorable prices. However, it's crucial to note that the potential target price of 100,000 or above, which I anticipate in the coming months or years, is purely speculative and should be treated as such. In addition, recent events such as the Bittrex bankruptcy have not significantly affected Bitcoin's price, which can be viewed as a positive sign of resilience and market stability. However, it is important to stay informed about developments in the cryptocurrency space, as unexpected events can influence market dynamics. Remember, this analysis is based on technical indicators and my own perspective. It is always wise to consider multiple viewpoints and consult with a qualified financial advisor before making any investment decisions.
CRYPTO:BTCUSD
by shirus0001
2
#TATAPOWER: Falling Wedge Formation with Possible Breakout TATAPOWER, a stock that has been forming a falling wedge pattern with potential breakout and reversal levels. As you can see from the chart, #TATAPOWER has been forming a falling wedge pattern, with the price oscillating between two downward sloping trendlines. This can be a bullish signal, as the stock is trading in a contracting range and may be preparing for a breakout to the upside. A breakout could occur if the stock closes above the 210 level, which would indicate a potential reversal in the short-term downtrend. It's important to keep in mind that a breakout is not guaranteed, but it's worth keeping #TATAPOWER on your watchlist to see how the stock performs in the coming days. In terms of support levels, there are two key levels to watch: 188 and 177. If the stock breaks below these levels, it may indicate a continuation of the downtrend and could lead to further downside. However, if the stock does break out above 210 and shows a strong close above 208, it may be a good opportunity to buy the stock. There are potential targets for the stock at 233, 250, and 270+. In summary, #TATAPOWER has been forming a falling wedge pattern with potential breakout and reversal levels. It's important to monitor the stock closely and wait for a strong close above 208 before considering a buy.
NSE:TATAPOWERLong
by Jha_Nidhi
BTC upcoming targets for 2023. 36-37K? Hi dear community members and my loyal followers. Let me update my BTC ideas for coming weeks and months. As you see I'm looking at weekly timeframe. After breaking out weekly falling wedge/main diagonal trendline/ BTC reached 25K, then dumped to 19.5K as I posted in my early analyses and bounced back to the same level but this time it succeeded breaking out main horizontal resistance at 25-25.3K zone taking out BSL liquidity above it and reached the main and one of the strongest resistance 28.6-30.5K zone. At the moment we see that BTC rejected at 30.5K zone and droped to 28K. What is my expectations. If BTC loses 27.7-28K zone it will dump to 25-25.3K zone, sweep liquidity below 26.6-26.7K zone and at the same time it will test main horizontal support which is 5D GC upper band. /All charts attached below this analysis. But my highly probable scenario is- BTC will pump from 27.7-28K region to 31.5K filling FVG zone and taking out liquidity above 30K/equal highs/, reaching upper band of weekly GC which is 31.5K after that maybe BTC will dump to middle band of weekly GC or upper band of 5D GC liquidating late longs. It also will give room for alts to explode. I'm sure BTC will hold 25-25.3K. I expect BTC to hold 27.7-28K zone coz Market makers bought and are buying huge amount of BTC at that zone. As soon as BTC reached 31.5K I will update it will pump straight to 36-37K or it will dump to 25-25.3K zone, or it will move sideways letting altcoins to burst./ Based on Total 2 and Total 3 mini Altseason 2023 is going to start in coming days and weeks. In worst case BTC can dump to 25-25.3K zone before reaching 36-37K FVG zone my first target in coming weeks. People who expect lower prices like 18.5-19K even lower 8-12K, they will be destroyed. My minimum target for 2023 is 36-37K then 48K+/52-53K/ and my main target for 2023 is 72-74K.
BITSTAMP:BTCUSDLong
by ergal91
10
CAD-JPY| LONG SETUP|POSSIBLE REVERSAL|FALLING WEDGE|ONE HOURCAD-JPY is moving in a bearish direction. It appears that there is a formation of Falling Wedge Reversal Pattern as well as presence of the Divergence. In this case, this Forex instrument can take a possible reversal from its current price position. Therefore, a long trade setup is suggested in this chart in case of breakout from the ENTRY POINT mentioned in the chart. Risk must be taken up to 2% of the total portfolio.
Long
by haroonsiddiki