Wedgebreakout
BTC - Wedge Break with TargetThe target value is produced by measuring the largest width of the wedge and applying that distance to the break of the pattern. The target is not predictive; instead it provides a measured move to analyze the strength of the break. The pattern has been broken and back tested and BTC is forming a mini Bull Pennant. BTC has found resistance at the 2 Hour UBB, supported by the Weekly 8 EMA.
AMP Ready to Pop Soon!On the 1D chart, AMP is clearly within:
1. an ascending channel and
2. more recently, a symmetrical wedge.
As the candlesticks get closer to the tip of the wedge, strong volume is coming in, and I believe buyers will pop AMP in an upwards direction.
$0.92 - $0.95 may be a good range to take profits, as this is the range near the resistance line of the ascending channel.
Moderna ready to break out of this huge wedgeWith the recent scare with the contaminated vials in Japan turning out to be bogus (black particles in the vial turned out to be pieces of rubber broken off from the rubber stopper on the vial when improperly inserting the needle before dosing the syringe), the stock is primed to break out of the wedge that has been forming since the early august all time high.
XLMBTC is creating a falling wedge 🦐XLMBTC is creating a falling wedge on the daily support, IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
XMR Falling Wedge Descending or Falling wedge - Bullish pattern developing nicely on XMR (Monero)
Stoch RSI on 4hr and Daily low and ready for pump
Looking to bounce on the resistance zones then break the falling wedge.
Going load up on re-test of the break out
Lets see how it plays out
Good Luck
MXWUSDT on the hourly 🍑*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only*
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Found this one recently for a trading strategy for me (not HOLD).
Using naked price action analysis:
🔸 Descending wedge (bullish)
🔸 Entered at 0.03, will exit near Fib 0.618.
IMO this is gearing for another leg up, but watch for the pullback afterwards as expected.
As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC.
This is not Financial Advice.
Good chat.🤖
JPM: Breakout to ATH again? JPM is starting to breakout here on the 4hr chart and is currently up about 2% on the day. We're breaking out of the wedge and it is trading above both moving averages. Monitoring to see if JPM can make a move towards $167, which is the all time high, 3%-4% upside per share.Also, it has hit FIB 0.382, the risky part that it might be a rejection in this wedge especially when market is flat or down. If it doesn't breakout this time, there is a potential that it will be in near future.
Is this the time for a break out? or Is this just a retest?Looking at the current pattern of ETH, we can see that ETH is currently making an Ascending Broadening Wedge in its price action!!!
According to research, this Ascending Broadening Wedge has a 79% chance of breaking towards the upside and 21% for breaking towards the downside...
On that note, we can be quite bullish overall as breaking toward the upside more or less is a 4 to 1 scenario.
But, also on that note... Will we see the breakout now? Or Will we see a retest of the wedge first?
To confirm this, we need to look at todays candle as to gauge the strength of ETH...
If it is strong enough, testing and breaking the 0.618 FIB level ($3360) pulled from the ATH to the lowest level from last months dip would be reachable.
On contrary, if this is just a test, and there's not enough powder to fire up ETH, I am predicting my green line as its next support test ($2880).
The green line is a minor 0.5 Fib level from the last correction ($2441) to the current high ($3342).
Comment down below which one do you think ETH will do??
Thank you for reading