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Fallingwedgepattern

$CHPTEven with the electric vehicle revolution in full swing, not everyone sees the bull thesis for ChargePoint. Indeed, CHPT stock was cut in half from the the beginning of 2021 to mid-September, so clearly investor sentiment is at a low point. This could present an opportunity for folks with a tolerance for volatility. After all, the essence of contrarian investing is to get excited when others are fearful. There’s something about the $20 price point — it’s like a magnet for CHPT stock in 2021. Without a doubt, it’s probably frustrating for the long-term stockholders. As you may recall, ChargePoint shares propelled as high as $44.50 in January of this year. The sentiment was riding high, but it wasn’t the best time to take a long position. CHPT stock slipped to $20 in March. Believe it or not, the stock rose and fell back to that same $20 level in April, and then again in May, and once more in August. As of Sept. 23, it was back to $20 and change yet again. At least we can say there’s strong support at that level. When we look at the chart you can see price has been stuck in a fall wedge foe quite sometime now. As it comes to the end of it’s pattern and sits right at long term support it might be something you want to keep your eyes on for a break to the upside. Along with that, you also have the MACD flat. RSI below 50. I suggest keeping this on your watchlist. - Factor Four
NYSE:CHPTLong
by TheBlankFund
2
BTC massive falling wedgeHi all. Today we have a huge red candle for BTC and even bigger ones for the rest of the crypto; Not everyone is bullish but whenever this happens I try to zoom out and see the broader picture. I see a huge falling and condensing wedge is forming on the 1-D chart which if remains valid has the price targets into mid 50k! The bottom of this wedge also coincides with an important Fib level and previous support near 41 k. BTC should hold the support areas I've shown for this pattern to remain valid. I think we will complete this pattern by mid-October. Historically September has been a slumpy month for BTC, but long-term forecasts predict better days for BTC for Q4 2021 which also supports my idea. Please share your thoughts with me on this one. Thank you for your likes and comments in advance
Long
by s_hasan_zolanvar
RSR in a falling wedgeRSR seems to be forming a falling wedge and according with Fib retracement we're on a potential reversal level, however we're also close to a resistance around 0.04USDT (not shown here not to mess up the chart) and we're currently below ichimoky cloud and EMA 200. Basically we need a volume to increase to push price over such resistance zone. RSR could go another 2 bounces inside the wedge before breaking upward, should this be the case I expect price to orbitate a little bit below 0.618 but not to touch 0.786. If buy volume spikes I think we can break at the next touch of the wedge's upper resistance. If you wanna enter do it now and set a stop loss at 0.033USDT from current price (0.037 at the time I'm writing). You can also use a lower SL if you want, I think this is due to another pump which, eventually will take it over 0.1USDT. Overall it's a good buy, even to hold for mid and long term. Good luck
by Shotokhan
1
SMBR Breakout Falling Wedge - IHSGPrice has closed above the falling wedge upper resistance. Putting a trading plan in motion. Disclaimer: This content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. Accordingly, the writer will not be liable in respect of any damage, expense, or other loss you may suffer arising out of such information or any reliance you may place upon such information.
IDX:SMBRLong
by Phoenix-Rise-Trade
#AUDUSD Golden ,symmetrical ,falling 😉analysis: -on 1D time frame we show a Golden Cross⭐️ -on 4H time frame we show a symmetrical triangle pattern -on 1H time frame we show a falling in a opening wedge For confirmation : Wait for the insurance of technical patterns on small frames , such as Double Bottom , Head and Shoulders , and others. Targets: TP1@0.93090 TP2@0.93800 TP3@0.94381 For more analyzes and our encouragement do not forget: -Follow us -Support us with the like button 👍 -Write a comment
Long
by mohamed_Abdullah7
💥BITCOIN LAST DUMP BEFORE IT PUMPS😳Please support this idea with a LIKE👍 if you find it useful🥳 I expect a fall to $27,800 before rising again. As indicated on this chart, we have a falling wedge pattern that price is stylishly following. From my previous idea here, I said a breakout from the 2nd triangle determines the next move. And I also made mention that if price breaks the 2nd triangle downward, it would fall to the 2nd triangle at $27,700 which is exactly what is manifesting on the chart. Back to today's idea. We can all see price approaching the lower trendine at $27,800 to make it the 3rd support. Thereafter, a reversal should follow and price will start soaring higher. What do you think? Share your opinion in the comment section✍️ Happy Trading💰🥳🤗
BINANCEUS:BTCUSDShort
by PetrockFxTrading
11