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Falling Wedge

USDCHF on a falling wedge 🦐USDCHF on the h chart is trading over a support area. The price recently moved out from the 2 narrowing trendlines that were creating a falling wedge. We see an accumulation phase and a possible move to the upside can be expected. How can i approach this scenario? After the liquidity grab over the support area the price started a move to the upside and will test the 1st resistance area. According to Plancton's strategy if the market will break above we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
by InkyGrip
8
Bitcoin - Exponential pump, right now! (must see). I know more about bitcoin than anyone else, and I am telling you that this bear market rally will be huge! But at the end, it can be destructive. Bitcoin is absolutely prepared for an exponential pump to 38,981 USDT! In this analysis, I will tell you why, so keep reading, you don't want to miss it! First of all, a major impulse Elliott Wave has been completed (69,000 -> 15,476), and people are calling for 13K, 10K, and 6K. I think it's definitely possible to reach these low levels, but first we should have a bullish ABC retracement (correction), and I was looking for an optimal retracement level, which is the 38,981 level. Why 38,981? It's the 0.618 FIB retracement of the major impulse wave + the last GAP that needs to be filled + the previous consolidation structure's POC. This is the strongest level, and it's the open gate to a new all-time high. Unfortunately, this is going to be a bear market rally, and after we hit 39k, we could continue in the bear market and fall down to 6k–10k to complete this bear market. If you want Bitcoin to grow exponentially, hit the like right now! The volatility index on BTC is at an all-time low, which suggests an exponential move is likely. I think the move is going to be to the upside because there is not enough fuel to go down. The falling wedge is a huge barricade, and the bears don't want to go against it. So for the bears, it's better to transform into bulls and ride the bear market rally! Have you seen that huge green dildo on Solana? It's an indication of a trend reversal not only for this coin but for the whole crypto market. What's more, if we take a look at the RSI indicator on the weekly chart, we can spot a bullish divergence, which is a very strong indication, especially in the crypto market. All markets move differently, and the crypto market follows the RSI and the Elliott Wave theory much more than others. Anyone who tells you that his strategy or bot works on all types of markets, such as forex, stocks, crypto, and commodities, is most likely lying to you. A bot that is profitable on forex is absolutely not profitable on crypto. I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. A 131% pump from the current price is likely, and it's time to fill your bags with altcoins if you trade on the spot market. Otherwise, you can open a leveraged position on bitcoin on the futures market. Personally, I am a futures, options, and spot trader. I want to take advantage of all of these products. Look at my extremely important idea about "Bitcoin: All of the Reasons Why the Bottom is Near (in)" from November 13, 2022 in the related section down below; you must see it! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
142
Weekly chart on Public Storage reaches key fulcrum pointAh yes, the classic bullish falling wedge overlapping a bearish head and shoulder pattern; tale as old as time. We can see price action here on the weekly chart is getting very near the apex of the falling wedge….however it has also closed several candles below the neckline of the h&s pattern. Still not certain which of the 2 patterns will win out but it does appear the decision is very likely to be made within the next 3-10 candles. For the falling wedge to win and a break upward it is imperative priceaction holds support on the blue 200 weekly moving average. If this is flipped to solidified resistance then probability will favor the head and shoulders breakdown. *not financial advice*
NYSE:PSA
by DrDovetail
ApeCoin (NFT) is pumping thanks to Donald Trump! (massive) APE coin looks very strong at this moment, also thanks to President Donald Trump and his NFT collection. That is also great news and an important catalyst for the NFT coins, such as the APE coin. APE coin is currently breaking out of the falling wedge pattern on the daily chart! The main downtrend wave has been completed, and now we are looking for a bullish retracement. How far could the APE coin go? Well, I am personally selling APE coin at the strong resistance, which is the 0.618 FIB or monthly resistance + GAP (10.5 - 11.3). My entry price is 4.112. I share my trades privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. From the Elliott Wave perspective, unfortunately, this coin still looks pretty weak. We can spot two corrections: wave 2 and wave 4. This appears to be an impulse wave, implying significant selling pressure and the possibility of another major crash in the future. APE is a great coin to trade on the futures market because it's highly liquid and there are a lot of opportunities. You can short APE at the 0.618 FIB, and this is exactly what I am going to do later! The crypto market is very bullish at this moment, so I am not shorting anything and am only going long. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
67
Rallies has the best french friesThe price of bitcoin is in an important range right now -a breakout above $17.334K and things could get interesting. If price pushes above the $19.2K resistance, or the downward sloping resistance -top trendline of a falling wedge pattern that began on 18JUN2022 -I would expect to see a test of the $21K resistance, with a breakout above = price headed towards at least $30K. If price breaks out of the smaller falling wedge from 18JUN2023, the measured move target is just under the $24.589K resistance and puts price above the downward sloping resistance that began on 21NOV2021 at the $69K ATH -and would be a seriously BULLISH SIGN. While I am not yet convinced that we've seen the "bottom" of this bear market, a rally from the current price of $17.2K to at least $19.2K is very probable, and if there is volume and strength behind the rise, we could see a test of $21.149K by February. Some charts are showing some bullish structure -even though sentiment is mostly bearish across all markets right now. Fed pivot en route? If they pivot in early March, then my 3MAR23 (+/- 14days) as the time frame for a BTC bear market bottom starts to see some confluence. Have you seen the DXY? My strategy RN is: 1. Buy now, prepared to sell in March. and/or 2. Prepared to buy in March. colored plots on the chart are my personal scripts.
BITSTAMP:BTCUSD
by BitCapJNY
6
#OP : A +120% Profits Opportunity in the Mid Term.#OP is looking in a bullish move in every sentiment flowing with the favor of the bulls currently. I will be back for more detailed info on the overall project but for now just want you to see the possibility of a long position at around $1.03. Mid term target will be at least at around $2.2 -SMA 20 needs to flip above the longer timeframe SMA's. -MACD looking bullish. -RSI looking bullish. -Even though a little bit more energy on volume is needed it looks great on the 4H and 1D chart. - Both symmetric and fallng wedge triangles do already formed by which the falling wedge break is the more bullish lookout in current circumstances. DYOR before making any investments on any asset and this is not a financial advice and do your own research before reaching out for your pockets to invest. CTE
Long
by cryptotalk_et
9
Shiba Inu is breaking out! Take a huge profit here. Shiba Inu is absolutely prepared for a massive uptrend on the daily chart! We can see that the price is breaking out of the falling wedge pattern. This falling wedge pattern is not a standard wedge because it is also an ending diagonal from the Elliott Wave perspective, which is a powerful combo. Also, on the RSI indicator, we can spot a bullish divergence between the swings. It's also a strong indication that the bears are losing steam. It's a great time to open a long position on the futures market, as I already did! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Now the most important question is: where is the profit target? On the way up, you obviously want to target strong resistance. Strong resistance is undoubtedly the start of the previous GAP + top of the parallel channel, and if the bulls break this level, the previous consolidation structure's POC will be reached. You can see these levels on the chart! If you haven't seen my analysis about Bitcoin's exponential pump, then you must, so check out my related section down below. December was an extremely good month when it came to opportunities in the crypto market, and January is starting very positively as well. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
68
#AAVE : With Upto +60% Profits Opportunity in the MidTermFundamental Aspect AAVE devs just launched $SYRO presale! Holy fck this is huge, one of the most anticipated defi protocols. Full public allocation, no VCs = we get the cheapest price possible here. Easy 10x in next days. Early birds gets the worm 👀🚀 Technical Aspect - Falling wedge formation with a breakout. - MACD signal buying indication with a cross. - SMA working accordingly in favor of bulls both in the short and midterm timeframes. - Volume needs some good momentum. - Break above the falling wedge and staying above the resistance trend line even if it pull backs and retest it is a must to continue in the bullish side of the trend. - RSI looking bullish too. - We are still in an accumulation stage and the next heavy barrier resistance will be around 786% fib level. - Impulsive elliott waves formation is expected. Will be updating this chart to see the possible out comes for the short and mid term scenarios. CTE
Long
by cryptotalk_et
1
DXY candle does 180 reversal after hitting exact breakout targetThe breakout target from the falling wedge was 105.6 . As you can see by the big red wick as soon as the dxy price reached 105.6 it did an abrupt reversal and morphed into a big red candle. Still a chance in the coming days it could rebound and still retest the 50ma or even reach the dotted tan lines target. However the exact precision of it flipping once it reached the falling wedge target inspired me to post a chart just to reaffirm that once again, TA Works! Target Hit! *not financial advice*
TVC:DXY
by DrDovetail
Solana - Exponential growth, right now! Solana looks extremely strong at this moment, and it looks like we will have an explosive pump! But it has already begun. From a technical perspective, we need to retest the previous blue trendline, which is at 29.8 USDT. It's also the point of control for the previous price action. This is the first profit target, and I recommend selling SOL here. The second profit target is more advanced. There are a lot of stop losses above the wave (4), so the market might find enough strength to get there. It's at 48 USDT. In my previous analysis on Solana, I recommended buying SOL at 8.6 USD, so check out my previous idea in the related section down below for more details. The chart is printing a broadening falling wedge on the weekly chart, and there is definitely the possibility to touch the top of the wedge in the immediate short term! This analysis is not a trade setup; there is no stop-loss, entry point, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. As per my Elliott Wave analysis, the major impulse wave from the previous all-time high has been completed successfully, and at this point we should look for an ABC retracement to the upside. I see a lot of signs that Solana has temporarily bottomed out on lower timeframes. The strength is currently incredible. Counter-trends tend to be steeper, so there is a possibility of hitting my price target at warp speed. If you want to trade Solana intraday, it's definitely a good opportunity because the volatility on this coin should be insane. I recommend only longs. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
108
📈 4 Common Bullish Patterns🟢 RISING THREE "Rising three methods" is a bullish continuation candlestick pattern that occurs in an uptrend and whose conclusion sees a resumption of that trend. This can be contrasted with a falling three method. The first bar of the pattern is a bullish candlestick with a large real body within a well-defined uptrend. 🟢 FALLING WEDGE The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pull back, two converging trend lines are drawn. The consolidation part ends when the price action bursts through the upper trend line, or wedge’s resistance. 🟢 BULL PENNANT A pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend line. Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. 🟢 ASCENDING TRIANGLE An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue
30
#AMC Falling wedge on the WeekLooking for a breakout in the next 3 weeks- we have dropped down to the original 3 dolla and 50 cent price from the original run to the 8.01 #Maxpain- gang! /Holla Mondays have been red all year and tues i hope will be green but fed Powell gives a little chit-chat and the market will do what it is programmed to do. We may dip further below the wedge line just to fill any gaps (crosses fingers) Weekly view is a long big projection any thing can happen out there. Share the wealth! Happy New Year! #retailrulez
NYSE:AMCLong
by SpikeDumont
USDCHF - Bullish Falling Wedge Idea As we can see in USDCHF we have an impulse to the upside with a break in a falling wedge pattern which indicates a bullish sentiment. We can also see a double bottom formed in the 4H time frame in confluence to the end of the Elliott Wave with the 5th and final movement. All of these indications align with a possible push to the upside. I see resistance to this move when price hits around 0.95500, 0.97000, and invalidation to the move at 0.92000. If you would like to see updates on this idea and many more please follow and hit the like button for more!
Long
by WrightWayInvestments
2
XMRUSD: Continuation and Potential Exttension of Bullish TargetA couple weeks ago XMR showed potential to continue a Bullish ABCD BAMM as seen in the related idea below and so far things have gone well and is about halfway to hitting the target; but in doing so it's also breaking out and confirming above a more macro structure and confirming the validity of a Bullish Butterfly. If this Continues we could see targets much higher than the original ABCD BAMM and perhaps see upto a 61.8%-88.6% Retrace to the upside as a result of breaking above this Wedge and Channel.
Long
by RizeSenpai
BTCUSDT - Monthly & Daily View Macro Outlook Still looking at a falling wedge seems most volume traded above the Weekly and Daily support levels which are now resistance. I'm particularly interested in the fib 0.618 as shown drawn from the low to high which seems a reasonable retracement level to reset all the selling. Nice monthly that corresponds to this level. The VRVP showing no volume at the moment however this could and will change as price moves, should it move to the downside. Overall an overview of current support and resistance levels both on a monthly and daily view. We clearly are lacking volume. No volume, no trading, no trading, no movement. Be nice to see some action from the big players to kick of the month of January.
by hmaroudas