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Rising Wedge

BTC: FORMING BEARISH PATTERN IN LTF! STAY CAUTIOUS!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is forming a rising wedge pattern in 1hr time frame which is generally a bearish pattern. Although, it is still inside the wedge but once it breaks below the wedge we can expect a drop up to $19k-$19.5k level. Invalidation level:- If any hourly candle close above $21,200 then this chart becomes invalidated. if you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1
6
Ethereum ETHUSDT - Complete Elliott Wave + Rising wedge (weekly)- Ethereum is forming a rising wedge on the weekly scale, but there is stil missing a last 5th impulse Elliott wave. - The price is sitting on the 200 weekly moving average, it is good practice to think of this MA as a zone and not a level. - 200MA is considered as strong support by huge hedge funds and institutions and is probably the strongest MA on macro scale. - If we take a look at the RSI indicator - it is on the level of "strong buy" by historical data. - The RSI indicator is showing a nice trendline, which we can watch and potentially buy a breakout with confluence with other indicators. - Also the RSI helps us to identify first and third impulse wave by looking at the divergences. - As per my Elliott Wave analysis - Ethereum is deeply missing a 5th impulse wave, so i think the bull market is imminent. - Next impulse wave target is 10 000 - 20 000 USD per ETH. - Look at my idea about Bitcoin (complete Elliott wave) and TOTAL crypto cap in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
7
LTCUSDT had a breakout from the rising wedgeThe price is testing the 4h support on 51$ after a breakout from the rising wedge and 4h resistance. The price could have a pullback on 0.382 Fibonacci level in order to grab more liquidity for a new bearish impulse. How to approach it? IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
USDJPY, Retracement Before The Next Leg Up?The dollar is in a strong uptrend against the Japanese Yen, however, it seems it's time for a retracement. On low time frames, the price has formed a rising wedge that is now confirmed. The pair broke through the lower boundary and probably will continue down until the next support, which is near 133. We should see a bounce once the price reaches this zone. If the dollar continues dropping after that, the main support at 130.5 should hold and USDJPY should rebound. So the idea here is to buy the dip, when reversal signs appear on lower time frames.
ULong
by djukic.nebojsa
APEUSDT is creating a rising wedgeThe price is testing the daily resistance after a bounce in the 3$ area. On the 4h timeframe the price is creating a rising wedge on it and testing the 0.886 Fibonacci level, it's a key level. How to approach it? IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
10
ETH: IS AT RESISTANCE! BEARISH PATTERN!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ETH update. ETH is not looking good here. Forming a rising wedge pattern in 2hr time frame and currently hovering near the resistance level. ETH has a strong resistance at $1250-$1280 level. If we successfully break down this rising wedge pattern then I'm expecting ETH to hit $950-$980 level. Invalidation level:- If ETH breaks and close above $1300 then this pattern becomes invalidated. What do you think about this? Do you think we are heading for a correction from here or do you think that it will clear the resistance and pump? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
1