Get started

Rising Wedge

Potential Handle formingThe breakdown from the Rising Wedge happened a little sooner than expected (see linked idea). From here I'm expecting a short-term bullish move off the 50 EMA and then a retouch of the SUPPORT-TURNED-RESISTANCE line. From there I'm expecting the "Handle" of the Cup & Handle pattern to develop. I'll be looking for a buy opportunity at the end of the handle. Keep rising, keep learning, don't get discouraged. Trading takes patience. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
M
by mercury_rising
#ETHUSDT Ethereum Mid-term analysis on day time-frame..Previously Ethereum was in cup and handle pattern and perfectly broke out the resistance with good volume for hitting cup and handle's potential. Now after #bitcoin crash ethereum is holding cup and handle support between 3800 to 4000$ very well. Currently running in rising wedge. Both scenarios are explained in chart. Bullish scenaro: If Ethereum holds cup and handle support then we can see upward trend till 5k$+ in mi-term. Bearish scenario: If cup and handle support will broke then we can downtrend till 3k$. Main supports: 3.8k$ , 3k$, 2.5$. Main resistance: 4.8$. Do your own research before any kind of investment. This is not Financial advice. If you like my work kindly do like and follow.
by Furqannasir1
AUDUSD 1-2HHi folks! we made a massive profit on ETH $$$ just only following this pattern, so I caught the same pattern on AUDUSD today. Let's take a look at it. This bearish pattern here is a technically beautiful correction of a huge downtrend. As you can see the pattern broke out and already made a new lower low at this point. Now I will open a short position "IF" only chart makes an even smaller bearish rising wedge pattern which is the same as shown in the picture. So we got to wait for that signal.
Short
by lovestein
3
Massive Rising Wedge ? Not the end of this Bull Run?Personally, I think that this is not the end of this Bull Run We are still on the wave 4 of this Rising Wedge on BTC daily For me 42K-40K is the bottom and its gonna be bloody for retail, because there gonna be fakeout and SL hunter by the whales, before it pump like crazy. Its gonna break new ATH mid to end of 2022, before its gonna end this Bull Run for good and dump to below 30K-ish. Technical sides even MA 50-200 is not even crossed yet, so brace yourself for whatever happens in this next few days/week. Not Financial Advice. STAY AWAY FROM LEVERAGE DURING THIS UNCERTAINTY, play it safe get rich in next bull run lol
Long
by rizalharmadi
2
Rising Wedge, Parabolic TrendLUNA is in a Rising Wedge (ultimately bearish) within a very Bullish parabolic rising support. There is still room for enthusiastic buyers to drive the price higher within the wedge, but it's a high-risk play. I certainly wouldn't enter a short position, but I'm also not interested in longing these levels. I'm waiting for the wedge to break down and then looking for a clear entry around the 50 EMA, or when the curved support is retested. ------------------------------------------------------ These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following. Thanks!
by mercury_rising
EUR/CAD showed bear returnIt seems that the pair has just finished retracement to the upside and is ready to start with the main trend (which is bearish). As we see there was a rising wedge (which is interpreted as a continuation of the pattern if formed in this way). Well, I would wait to see if the pair will have the strength to retest or start to decline without it. Keep in mind that anything can happen and that it is not a matter of being right every time, but of increasing the odds in your favor when you are.
Short
by merjemascerija
Bearish mid-term, Bullish long-termMATIC appears to be forming a clear Cup against BTC. It's also in a Rising Wedge pattern (bearish). We've recently seen bearish divergences on the daily and 4-hour charts. Buyers appear exhausted. I'm not interested in longing MATIC at these levels and I'm expecting a cooling off (Handle) before breaking out higher. I'll be looking for bullish divergence at least on the 4-hour before this is tempting for me. ------------------------------------------------------ These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following. Thanks!
MShort
by mercury_rising
$RELI – SI 76%$RELI entry PTs 5.29-6.30 Targets PT 9-10.50 and higher $RELI – SI 76% Reliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking and transportation, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
NASDAQ:RELILong
by BADQOMOCAWGOWLD
1
BTCUSDT: Rising Wedge Or a Miracle to Flip Upward?BTCUSDT: Rising Wedge Or a Miracle to Flip Upward? By the monthly chart, i would estimate a rising wedge that shows sign of exhaustion and slowing momentum. It it dips, my guess would be towards 31k - 34 k. This is consider healthy reset. The other side of the coin is flipping upward trend by purely fundamental analysis; an impact so great that it doesn't care what TA is about. I would watch closely on Q1 and towards Q2. Green lines are supporting line +/- 1k. Best spot to exist if your are trading mid term. Yellow dotted line directions are all estimates. NO way i can be exact in weeks or even days. Pls trade safely.
Long
by bit2bit
Rising wedge in HCLTECH on a 15 min tfhcltech had created a gapup due to which selling can be seen and a rising wedge is forming 1st entry for short can be created below closing of 1258.50 with tg of 1246 2nd entry below 1246 with target of 1230 keeping sl trailing as per risk appetite disclaimer: this post is not an investment or trading advice please consult your financial advisor before deploying any capital pls drop down your doubts and comments and like if you want more charts
NSE:HCLTECHShort
by rohitrc250