Amber EnterprisesIt has a possibility of falling wedge breakout,delivery % was also high today,it may give a good breakout in near term
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consult your financial advisor before taking any decision
NSE:AMBER
Fallingwedgepattern
VeChain - Update with a Falling WedgeQuick VeChain 4hr chart update with the Ichimoku Cloud:
VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating Short-Term momentum is downwards at the moment. Note that the Conversion Line (Tenkan Sen) is only sloping slightly downwards.
The Ichimoku Cloud Base Line (Tenkan Sen) is indicating Mid-Term Momentum is downwards at the moment.
The Ichimoku Cloud Lagging Span (Chikou Span) is pointing upwards indicating momentum is upwards, but be aware that this is a fast reacting indicator.
Note that the Leading Span A (Senkou Span A) is pointing downwards and the Leading Span B (Senkou Span B) is starting to slope downwards but note that the cloud gap between the Leading Span B (Senkou Span B) and Leading Span A (Senkou Span A) is still quite large. When the Leading Span B (Senkou Span B) is on top, we do not want that gap to shorten into a thing gap unless you are short selling.
VET is below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that VET is back above its Lower Band, this is indicating negative volatility has slowed.
VET is below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this 4hr timeframe.
VET is below its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this 4hr timeframe.
VET is in a Falling Wedge pattern. A Falling Wedge pattern is a possible bullish reversal pattern, but because all alts are still at the mercy of BTC, Exchange & Market Manipulation, its debatable as to whether or not the potential reversal will be realised. The bottom trend-line of the wedge is a crucial support line as VET has bounced off it 4 times. VET needs to close this 4hr candle above this support line and turn it into strong support, if not, then VET may see $0.092 again and possibly much lower so there could be another opportunity to acquire more VET at a cheaper price.
VeChain is still the most criminally undervalued crypto out there, so if it does drop more, then i’ll just DCA more at an amazing cheap price before the next crypto leg up.
I hope this analysis is helpful with your trading and hodl-ing.
Bitcoin breakout from falling wedge patternYesterday , I posted that there was an inverted cup and handle pattern forming in 1H timeframe of BTC, but since we are in an uptrend since last week, the probability of inverted cup and handle pattern forming completely and breaking it's neckline, is quite low. Within the inverted cup, there was a falling wedge pattern and BTC broke out of that wedge an hour ago. I think it's safe to enter into a long side trade at the retest of wedge pattern with target1 as 42000 and target2 as 46000 .
AKRO USDT IS FORMING A FALLING WEDGE ON DAILY TIME FRAMETrading Signal Time
Akro Usdt
Entry: 0.025 to 0.02
Tp: 0.041
Tp: 0.047
Tp: 0.051
Tp: 0.061
SL: 0.009
CLNE ( The falling wedge pattern )CLNE is one of the attractive stock these days. On CLNE, a further falling wedge reversal pattern can be seen. The chart pattern target will be $16.
Kilroy Bottom & Falling WedgeToughbuilt re-tested the all time lows and seems poised to run higher now.
Falling wedge : We see that TBLT broke out of the falling wedge and has been flatlining or consolidating in the $0.70s area. This is a bullish pattern.
Kilroy Bottom / Inverse Head & Shoulders: Coincidentally or on purpose, the consolidation in this range is also forming a Kilroy was here or inverse H & S formation. This is also a bullish reversal pattern.
The company's overall picture has not worsened. From their annual report, they stated they intend to release new tool lines in the first half of 2021. As it is almost June, the announcement can drop any day now and propel this baby higher. New products will boost growth, revenues, and move the stock. They also filed patents for new products down the line so the growth story can really play out long term.
The annual meeting is also coming up in late June to vote on a R/S and an increase in shares. I think if the stock regains compliance, management will not need to pursue a R/S or dilute shareholders YET.. They have 32 million in cash which can support them through the end of this year. Assuming the new tool lines add significant revenue and the company approaches becoming profitable, this is extremely undervalued at a 58 million market cap. Their yearly revenues are almost $50 million.
I forecast break even at around 80-90 million in revenues per year and that is not too far away.
Risk : Management being able to execute and take the company to profitability.
Reward : At 58 mil market cap this company is not trading at any multiple to sales or any type of multiple right now. If they prove they can turn the company around then we can see a 10 bagger in 1-2 years.
This company needs to step it up and bigger players will notice and probably buy them out. But come on management! EXECUTE!!!
Good luck to all.
$CGC - Channel- Major - Falling WedgeShort term trade to ATH falling wedge!!
Push Play -- Join the STP community!! Link in description!
How to trade with Falling wedge pattern-Live exampleFalling wedge pattern's considered as continuation pattern (Bullish continuation pattern) We can catch this pattern
after some bullish reversal or in a continuous bullish run.Best place to enter bullish was after the break of the upper side trend line
(After converging).The primary target would be the topmost rejection level of the wedge and we can fix our extended target with the help
of Fibonacci.
SXPUSDT Falling wedge patternThe SXPUSDT is at the stage of forming a falling wedge pattern, so the successful formation of this reversal pattern will indicate the end of a local downtrend and provide a low-risk opportunity to open long positions.
MVMD Chart - Bullish Falling WedgeI've been watching this chart since January, and have been tracking the upper and lower trend lines during that time. If you set your chart to 1 day interval, and look at the 4 month, a clearly defined bullish falling wedge can be seen with a rapidly tightening range. I theorize we'll see an imminent breakout. I hold a position in this stock, and have been adding at the pullbacks. Would love to hear feedback and thoughts.
$GLBS CURRENTLY $4.81 & SHORT SQUEEZE TO $100Globus Maritime Stock Available At Robinhood
Currently $4.91 & SHORT SQUEEZE UP TO $100
Price Action Hovering Near Alltime Lows.
Confirmation Of Double Bottom!
Officially Breaking Out Of Falling Wedge Pattern
Bullish Reversal!
Short Float Percentage 21%
Of all its shares available, 21% is shorted meaning 1 out of 5 shares is betted the price goes down. So what I suggest we pump it, have those short positions cover their losses at a higher price and our investment soars!
I personally invested $50,000 into this stock, if the minimum target of $20 is completed, I’ll have $200,000. Now imagine if the target gets up to $100! I’ll go insane!
RSI On the Monthly, Weekly & Daily Is Hovering at 30!
EMAS 9, 21 & 55 about to Golden Cross!
Online Articles Speaking About Short Squeeze!
Reddit, Twitter, Stocktwits, Youtube, Tradingview & All Social Media About to blow up this stock!
Be prepared, I’m a believer and the most consistent of this money making opportunity!
Pirate Coin ARRR Breaks out of Wedge 60% Measured Move inbound Pirate coin breaks through resistance on falling wedge
Provided BTC s volatility is steady and we close outside of the
resistance . We have a measured move up till 16$ and potential
to complete 1-1 EXT at $20 USD ..
But first lets get a close outside of the resistance .
Manage your risk and know your invalidation
Pls Support my analysis with a Like and Follow for more setups
ETHBTC portends a pullback in the broader crypto marketTLDR: There is a high level of correlation in the market so if ETHBTC is red the broader market is likely red.
Analysis
The black lines show a neckline to a head and shoulders that is very visible on lower time frames.
The purple area shows an area where we could see the price stall and consolidate before we continue the downtrend. There are two main targets for a double top. One is the Hight of the top to the valley between the tops and the other is to give up all of the gains prior to the top. Here I expect we get overperformance. How far is a bit tricky because I don't know which of two bearish patterns is going to be controlling.
Macro View
Here are the two formations... One is a orange rising channel which may have us test the midline or support before breaking to the upside. Staying in the channel which concurs with the triangle support would be a very bullish way to have a pull back. A less bullish way to have a pull back would be for us to test the falling wedge as support after breaking out of the falling wedge mid last year.
Here is an example of XRPUSD doing a vicious retest of support last winter.
Here is XRPBTC having a few attempts at getting a wedge to perform.
Conclusion
Retesting wedge support is very normal and we have the structures on multiple time frames for a retest to occur. These ETHBTC do not exactly tell us what ETHUSD will do as it could be BTC outperforming eth to the upside or ETH outperforming BTC to the downside, or even worse for eth, BTC and ETH running in different directions. And as the TL:DR mentions, if ETHBTC is getting a pull back we can faily expect and protect ourselves against a broader market pullback and plan attempts on playing the reversal with a battle plan.
NATIONALUM - Monthly & Weekly chart analysis - Swing TradeThe stock price is analysed purely based on Price action & Popular chart patterns.
Analysis is done both on Monthly as well as on Weekly Time frame. It may take the stock price few weeks to months to reach potential targets
Analysis is shared through below images.
Monthly Chart - Falling Wedge
Weekly Chart - Darvas Box
Weekly Chart - Bull Flag
Traders should do their own study before entering into any trade.
Also checkout my other ideas based on similar setups and their results (ideas linked below)
Feel free to comment for any suggestion or query.
BFCHLooks good, with some potential downside, it all really depends if the bulls keep eating up the dips or not. Either way BFCH could take off here or take 1 more dip.
$VPER Buy the break outDouble bottom bounce on the one hour
Falling wedge pattern almost filled
RSI divergence on the 4 hour timeframe
BTCUSDT - BINANCE - Falling Wedge - 3HRMore short-term downside may be incoming. $42000 is the line in the sand.
ETH can meet its previous ATHMy previous idea talks about the descending triangle inside this falling wedge which reached its target exactly.
As can be seen in the chart, price is breaking out of the falling wedge with a target of previous ATH. Price seems to be hitting the upper trend line of the wedge, if it acts as a support then its on the way to the target.
Anything can happen, nothing is certain.
WOCKHARDT PHARMA - Multi Year BreakoutA multi year breakout from a Falling Wedge.
The price has crossed above the Ichimoku Cloud.
MACD crossover on the cards soon.
Breakout From Falling Wedge
Here it looks like we're getting another trend reversal on CHPT. Over the past 2 weeks it's been in a falling wedge pattern. Today we saw it break out of the falling wedge and retest the previous resistance as support. Then from there it jumped up about 5%, so great bullish signal we broke out of the downwards trend.
Not only that but we also have a triple bottom now at the 19-20 dollar range in the last several months. I'll be catching it on a dip tomorrow and jumping in to ride it back up to the 30-32$ range for a swing. Hopefully we get a Biden green infrastructure announcement to help give it a little boost over the next 2 weeks.
