Rising wedge on 1 month chart for BTC With multiple market crashes incoming, btc has been in a constant up trend and bubble since day 1. Classic rising wedge and developing a M at the top to indicate breakdown of the pattern which will lead to break out. Remember distance of fall is usually the same distance of the back of the triangle pattern from original high and low. Inidicates a 99.5% drop at least
Rising Wedge
This is Next Rising Wedge FormationIn preparation for a new uptrend, a bullish response came after the bearish. But I think a short-term Rising Wedge Formation". I think it can test the levels between 0.00000085-0.00000090 by falling again. Because fluctuations are needed for a good trend and a steady rise. This dog will need ripples to get to better places and will need opportunities to hold more holders.
Not Much to Say About AMCOkay so I waited a week for the price action. $34.50s (I call $33 but I was wrong but I was okay with $34 because $36 bounce was unlikely to me) was the bottom and we explode to $44.21 before selling off. Expect a bull pennant this week into next week. If we breakout this bull pennant. Expect $48 the resistant again and creating a rising wedge to the $50s again. I will talk about more later when we reach the $47s+. So this is my rough sketch play out this month. We might go much higher sooner though. Nobody knows.
Expect some update later.
SOL shortexpecting a decent correction on SOL soon.
currently in a rising wedge pattern with bear divs popping up on the hourly and volume seems to be dropping as well.
might have one more bounce left in it before it goes for a proper correction.
but if this is the top im expecting 225 as a price target for this short
GOLD pt. 2Pretty much same position as my EURUSD idea.
Drawed a little bit different chart, so it's easier to see what I'm seeing.
Friday GOLD break out of this rising wedge, now price is testing bottom of it which is at the same level as Fib level 0,382.
I expect Gold to fall down atleast to fib 1,272 level.
Good luck.
0x ZRXUSDT - Elliott Wave + Rising wedge- 0x - ZRX - Rank #101 - Token
- ZRX is very bullish on the weekly macro scale.
- We have a rising wedge, that greatly holds support.
- Bullish volume is higher and RSI is prepared for a pump!
- Profit target 1:1 fib extension or top of the wedge
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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STA| Testing support - Rising Wedge - TP 37.75| SL 32.50STA | Thailand SET Index | Agricultural Sector | Price Action Trading
> Testing the support rising wedge if dropped below 33.00 would reset the uptrend pattern
> Strong Smart Money and Banker Chip signal
> Big Lot Volume Support Continuously
> CDC Actionzone - buy position
Fundamental Factor:
> Positive +YOY Q321E performance
> New business Hemp Plantation government FDA approval
#AXS Axie Infinity 1D - Brewing ActionAXS on a daily chart.
A few things to note:
1) Rising wedge pattern in play.
2) Bearish divergence on 1D chart
3) Bollinger Bands tightening but similar structure forming since last tightening as circled in the chart.
Something interesting is surely brewing here.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
Rising wedge and bearish divergence.Non technical indicators that might support this idea;
- ETH gas prices continues to be unreasonably high and ETH 2.0 won't be rolled out until 2022
- Shiba Inu might be a sign of the market overheating (We all remember what happened the last time a memecoin entered the top 10...right?)
EURUSDEURUSD right now is at really crutual level.
Blue line is previous support level on 1D TF
But as you can see price right now has reached top of a daily falling wedge and top of 4h rising wedge which is also at fib level 0,786
Plus this 4h falling wedge is a corective wave (ABC).
I see a possible way down from here to test bottom of daily wedge, but EURUSD looks really bullish now, so it can break the top.
Only way to know how this one turns out is waiting, as usual. I have a open sell on it, but to be honest it can go both ways from here, so if you are shorting EURUSD, keep your SL close.
Good luck!
USDJPY BEARISH BREAKOUT CONTINUATIONLast week USDJPY price reached a key weekly resistance cluster.
Bears started to push and today they managed to violate a rising parallel channel to the downside.
Such a bearish breakout may trigger a strong bearish continuation up to 112.10 Support zone.
USDJPY was trading in a rising wedge as well,but the pair hit a strong horizontal resistance
And after trading below the level the price broke out of the wedge to the downside
After a retest of the broken level and the supply area above we can see a strong bearish move down!
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S&P 500 index Rising wedgeS&P 500 is forming a rising wedge which will be a nasty drop in all markets if it plays out. I will be looking to buy the dip, but im going to wait till I see a proper bottom forming. With covid, all the money printing and the general boom we have seen in the market lately, a correction is due (might even see a flash crash).
This may also affect the crypto market
USD/CAD Technical AnalysisUSD/CAD has been in a bearish move for some time and has been consolidating for a while and finally broke out of the rising wedge formation and retested the trendline. I expect a move to the previous low maybe a little bit more to the 1.2270 area where there is daily support.
ETH rising wedge ETH has been moving up in a rising wedge on the daily since the end of September, are we going to see eth break upwards out of this pattern and break all time highs or have a correction before moving back up to all time highs ? You guys bullish on eth or expecting a pull back?
Less room for movement, Ascending Wedge NFLXHello everyone! A rising wedge is commonly know as a reversal pattern, I'm looking to short NFLX once we reach the resistance zone in this rising wedge. Even with all the hype from Squid Game numbers and positive earnings, price is not moving much as weeks before. Today Oct 19 NFLX rise in post-market trading to the 663 (wedge resistance zone) and pullback immediately, coincidence? Just an easy setup, remember to have a stop loss!
Not a financial advisor, just my personal idea. Enjoy your week.