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Rising Wedge

USDCHF MONTHLY RISING WEDGE USDxxx (CHF,CAD,JPY) have always been in a down trend which mainly means DXY is doing the same and if you know when to enter it could be very profitable. Clearly a BEARISH TREND on Monthly, Weekly the market shows a breakout of the YEARLY BEARISH TREND RESISTANCE LINE but never broke above the previous LOWER HIGH to confirm a trend reversal. After the trend breakout we see a 6 YEAR CONSOLIDATION! Just bouncing 800+ pips from support to resistance. As of JULY 2020 the market BROKE OUT the yearly consolidation and is now RETESTING around .9400 Im expecting continuation of trend to the downside watchout for sell setups and just fib TP1 .7200 TP2 .6000
Short
by Juju103
PolkaDot DOTUSDT - HUGE Secret Ascending Channel + New ATH soon- Polkadot is strong on the daily timeframe , as we can see. - The price broke out of the bullish falling wedge and now is unstoppable! - On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance. - Target top of the chanel or 1:1 fib extension on the daily chart. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - Due to my Elliott wave count, the correction is totally over and we can expect a higher prices! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:DOTUSDLong
by UnknownUnicorn2537518
1
FTM/USDT : Breaking above the rising wedgeBINANCE:FTMUSDT Hello everyone 😃 Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it ! #FTM is breaking above the rising wedge now, Also it just broke above the ATH too ! You can wait for the confirmation as hold above the trendline or ATH's resistance. Based on FIB's extension, Targets after a hold will be 2.6320 - 2.8000 - 3.1600. 🔴 Watch for #BTC's movement, It's currently moving in a rising wedge in 15Min's time-frame; Which is bearish if #BTC broke below it ! You can set your invalidation below the ATH. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
FLong
by Helical_Trades
23
BTC/USDT : Should we buy #BTC now ? BINANCE:BTCUSDT Hello everyone 😃 Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it ! On our recent analysis, We tried to find a logical path for #BTC to move on, But it's kinda invalidated now ( Not really ). So we'll try to have another side of vision on it. We'll try to find a direction for #BTC based on LTF patterns and HTF FIB's movement. Before diving in the article, Please don't listen to the old sayings like "buy the rumor, sell the news" These are weak bears ( I'm a bear neither, But it's not the right time to manipulate the market ). Now let's head up to the article 😉👇🏼 #BTC has formed a rising wedge in 4Hours time-frame and now, The current candle is retesting the last broken higher trendline. However there's another trendline and confirmed the bearish formation again, But it needs to workout before any judgement ! Also RSI is on a huge divergence here, So technically bears have the upper hand and the movement needs to cool off a bit. But as #BTC stands in the pattern, There won't be any confirmation for #BTC to lead the market for a dive one more time again. So, We'll wait for the breakdown or breakout 👇🏼 📊 If #BTC breakdown below the rising wedge, Then it'll retest the lower support lines based on FIB's retracement. - Based on FIB retracement's levels the major level to retest is the 54K's support zone ! 📊 If #BTC breakout above the rising wedge, Then it'll reach the new highs and we'll face another bounce on the market. - Based on FIB extension's levels the major level to reach is 74K. ( There are some difference in targets ) 📌 Now the question is, What will happen after the breakout ? Let's zoom out a bit to daily time-frame and see what do we have there 👇🏼 #BTC has reached the trendline's high and the ATH's resistance on daily time-frame, However it just engulfed the recent master candle and take hold above the 59K-61K'S resistance. If we put a FIB retracement on the beginning of the new bull cycle and the set the other on the 1st FIB extension's target ( 1D recent extension ); We'll see that the return levels are matched very well ! So based on FIB's logic, We can call it that find the possible new high before it forms ( have to mention that we'll face a stop-hunt above ). 📊 If #BTC follows the possible track, Then we'll extend our target to 100K ! So this will be very important for bulls to show weakness on the 1st near targets above the current ATH. - Remember, Every movement have the retracement, Also it works better on the high cap pairs ! We saw the 30K retracement on #BTC and retest the 50% FIB's level earlier ! 📌 You'll ask yourself that's right to believe in only one chart ? So let's have another layout on weekly time-frame to confirm our theory 👇🏼 There are many factors in weekly chart that makes #BTC even more bullish ! - Inverse tweezers bottom has formed on the breaker zone. - Three white soldiers has formed on the continuation of reversal pattern on the breaker zone. - Weekly candle closed on the new high above the classic resistance line. - There's another three white soldiers formed on 3D's chart too ! As you can see there are two bullish formation and the three white soldiers is working as a reversal pattern and a bullish continuation. Also based on fractal, Last time we experienced the three white soldiers, #BTC surged more than 33% ! Which means that the formation's target will be the 1st target zone mentioned on chart... 📚 What's target zones ? Now we know that #BTC is bullish on multiple time-frames, We need to look for every chance to buy near 53K; and look for the nearest target to put some out of our bags and trade them on mid-term periods. Target zones are the gaps between 2021 bull-run's FIB extension targets with October pump's FIB extension targets. - The light blue lines are for 2021's bull-run and the blue lines are for October's pump ! 📑 Conclusion : - Every dip around 50K now is a chance to load your bags ( It won't harm your portfolio ). - #BTC is still bullish on most of time-frames and ETF won't dump #BTC for now. - On-Chain DATA is suggesting a cool off on leverages and so it can be ring-bell for you to focus on the dips. - There's a high chance for #BTC to break above the ATH, But it needs to retrace as well. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
by Helical_Trades
35
Rising wedge? (BTC) bearish pattern most of the timeHello friends & community, I've spotted a rising wedge, now sometimes these patterns do break up but historically they're bearish patterns that break to the downside and retest market structure level of support which in this case would be around $48,000 - $49,000. I'm not really trading yet, still got a few things in real life I'm dealing with but wanted to point it out and start getting a feel for the market going into 2022. Please like/comment to show your support. 👍
BYBIT:BTCUSD.PShort
by YurloTrades
4
TSLA Stock Analysis and market prediction Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ TSLA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TSLA is performing more or less in line with the market. TSLA has been doing really well for itself, The Bullish trend for the stock has started back in August and the stocks seems to be trending in a Rising wedge pattern which indicates a reversal soon but there are no signs for a breakout yet. Both the short-term and long-term trends are positive. This is a very positive sign. The stock is trading at 805.72 and it's nearing the resistance level located at 808.63 with a strong upward momentum which indicates a breakout of that resistance in the next day or so. This will lead the stock to have it focus on the resistance at 822.31 where the next target for the stock will be. But we might see some pullback that could lead to a drop in value for the stock but it shouldn't be further than the support located at 784.54. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign) 2) The STOCH has reached overbought zone which could indicate a small pullback. a positive crossover between %K (90.26) and %K (80.01) which indicates a Bullish move. 3) The RSI is at 68.32 showing Great strength in the market. With no divergence found between the indicator and the market Support & Resistance points : support Resistance 1) 770.15 1) 803.90 2) 754.81 2) 822.31 3) 736.40 3) 837.65 Fundamental point of view : TSLA's Return On Assets of 3.90% is amongst the best of the industry. TSLA does better than the industry average Return On Assets of -0.34% and TSLA shows strong growth in Earnings Per Share. In the last year, the EPS has been growing by 172.10%, which is quite impressive. New Caledonia's Prony Resources said on Wednesday Tesla (NASDAQ:TSLA) Inc had agreed to purchase more than 42,000 tonnes of nickel in a multi-year deal - a pact that is set to make it a key supplier of the metal to the U.S. electric car maker. Electric vehicle makers have made securing sufficient supplies of nickel - a key ingredient in automotive batteries - a top priority and are particularly keen to seek out sustainable and low-carbon nickel supplies. Tesla, which serves as an adviser on product and sustainability standards to Prony, also signed a deal to take supply from BHP's nickel operations in Australia earlier this year. Prony did not disclose how many years the deal with Tesla will run for. The automaker is expected to deploy around 30,000 tonnes of nickel in batteries this year and is likely to rapidly ramp up its nickel consumption in the coming years, said Steven Brown, a Sydney-based independent expert on battery minerals. According to Reuters This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
NASDAQ:TSLALong
by GabiDahduh