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Fallingwedges

Bulls never lost controlIn the first box, you can see Bulls needed a few weeks to make their move. The Bears needed many months trying to push for a 100% retraction that never comes. In the second box, you can see the same pattern. This time the falling wedge is way bigger than the first. Bullish divergence on volume (in billions), you can check it out on OBV - On Balance Volume. We also have an ascending channel with higher highs and higher lows. If you liked, hit the thumbs up and share! Thank you!!!
Long
by Wusten
1
ESPT.V Tightening trading range, cooling RSIVery interesting consolidation of the stock in the low 20's. The falling wedge pattern can be seen by connecting the peaks of breakouts along this downward trend. Note that the 20 cent level has provided excellent resistance in the past. The stock closed at 20 cents this Friday, this was the second time for the ticker. The previous time the ticker closed at 20, a gap up to the mid 30's was observed the next morning. This is not an indicator of future success, but an indicator that perhaps shorts may be covering around this price and drive the price higher. Similarly, a press release about a closing of activate or victor gold deals may bring buying pressure to the upside. I remain bullish at this level, and believe #esports will be very bullish in 2019!
ELong
by m1n3cpu
3rd Falling Wedge since December is in play! We've had 2 clear falling wedges (yellow) over the past 3 months. We are potentially in the third falling wedge (yellow), with targets at the $4,100 area in mid-to-late March. Notice how each falling wedge has a decreasing slope, indicating more and more that we are in a clear accumulation/consolidation phase, where the bears are mostly out of steam but the bulls are not that thrilled. This pattern may go on for months, potentially until the end of the bigger macro falling wedge (in white)... somewhere in August 2019.
COINBASE:BTCUSD
by Leb_Crypto
Risky Falling Wedge Buy Opportunity2 Month Downtrend After 3 months (March-June) of chop, WTC/BTC has now been in a 2 month downtrend. Quick Falling Wedge Play This downwards channel has had one previous falling wedge pattern, with a quick breakout resulting in ~25% profit. We are now at the convergence point of another falling wedge pattern and we see an opportunity to buy here at the support and sell in a few days for a potential ~20% or so profit. Positives: Price at base/climax of falling wedge RSI and Stoch RSI are oversold on the daily Volume seems to be picking up since we started the downtrend Possible bullish divergence on the Stoch RSI Uncertainty Leading up to August 16th However this is still a high risk play, especially because Waltonchain announced on their Telegram AMA that on August 16th they are airdropping WTC tokens to WTCT miners. This could mean that once they receive these free tokens they will dump to recoup their mining costs. I have seen angry posts about this on Reddit and Telegram so it's possible that leading up to this people could dump out of frustration/distrust, invalidating our falling wedge pattern. Strategy: Set buy at 0.000477 Consider buying some now or if it does break above 0.00052 resistance Stop at 0.00046 Sell half at 0.00058 and possibly wait to see if it breaks above the resistance
WLong
by gumbyguy
Bitcoin's Falling Wedge-ceptionShort term, Bitcoin seems to be stuck in a slow downtrend. It broke out of an initial falling wedge (yellow area) and currently forming a smaller falling wedge (sky blue lines) after the break out. BULLISH: These falling wedges if fully realized may have a potential retest 9.3k or even 10.5k. Seems like a good buy soon if you are bullish and you think 7.5-8k will hold. BEARISH: If both of these wedges fails to break up further, we might be looking to realize a bigger wedge (dark blue lines) that may: 1) retest the previous bottom 5.9-6k 2) or break further down to 4.8-5k. Seems like a good short soon if you are bearish and you think 8.3-8.6k will resist. Well, overall, I think the market is undecided but still leaning bearish. The formation of falling wedge patterns seems to give evidence to this overall sentiment.
BITSTAMP:BTCUSD
by reimadara
EURUSD 10/27FX_IDC:EURUSD Monthly Setup - November Base analysis EURUSD 09/15 - Valid EURUSD 10/10 - Valid Correlation analysis TVC:DXY The Correlation -Valid ============================================================================================================================ Caution, I only trade on a moderate trend basis on H4 D1 and sometimes W1 .. I am not chasing any small movement and I also dont easily change my view by giving many charts just for recognition. Only work smart and rest hard. I am also not responsible if there is a loss due to follow my analysis. but you need to know my success rate in trading is very high. Enjoy the Pips.. Dont forget to like and subscribe.
Short
by nzhoenfx