DYDX falling wedgeFalling wedge, indicators look like it could go up... Careful, BTC dump would most probably invalidate this... Must use stop loss. Good luck traders
Wedgebreakout
+1100% TEL Descending Wedge Breakout Within Next 2 Weeks?History
KUCOIN:TELUSDT is 15 days away from pinching between the bottom and top resistance that formed on March 7, 2021, which occurred just two breakouts ago. The most recent breakout took 14 days to complete and resulted in a +1,077% gain.
Potential
If history repeats itself for a 3rd time in a row, we'd be looking at a +1,105% gain by October 10th, if TEL were to break out today.
Supportive Observations
Price action is within a descending wedge and has been knocking on the upper trendline, which is bullish.
RSI is at 42, which is the level it's been at immediately prior to numerous other breakouts.
The blue MACD line is curling up towards the signal line, and the red histogram bars are decreasing in volume, which is bullish.
Volume has been descending below the MA.
Waiting for a breakthrough and retest of the top trendline for support would be the safest time to secure a position.
The Information contained in this idea is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. You understand that you are using any and all Information available on or through this website at your own risk.
EURCHF LOOKING VERY BEARISHMy reasons for taking a short trade here:
1. Price has broken out of a bigger structure (an ascending channel), theres a 90% chance of it going to the bottom of structure
2. Downward trend which has created a rising wedge which is a reversal pattern
3. Price has broken out of the rising wedge
4. Downward move followed by correction which creates a bearish pennant.
EVGO - Wedge Pattern EVGO has a nice falling wedge pattern. It seems like bulls are active on this chart.
ALGOUSDT 1H broke out the wedge !!In ALGOUSDT 1h
After retested the neck line of double bottom and broke out the wedge.
TP1: 2.5574
TP2: 2.9756
TP3: 3.1447
SL: 1.6534
An interesting pattern WYNNIt is interesting how the price has formed these patterns which are exactly the opposite and result in exactly the opposite outcomes
Kinda like they are pairing themselves together?
Thought it was worth a post
MMLP Looking bullishHello Traders, Based solely on the chart MMLP looks bullish we just got out of that ascending wedge or cup and handle. Either way we have a nice little solid green volume bubble when breaking the TL we might see a retest, I'd prefer bigger volume bars though.
BTC Descending Wedge / Bull Flag - PT $51,200BTC has quite a few clear bullish things going for it.
First, the bearish three drives harmonic pattern. The green arrows marked show three attempts by sellers to cause a break downward, and three fails to cause that break. Immediately after the third, the price trends upward with consecutive straight green candles with solid volume, and that's exactly what we see here.
If you want more precedent for the above harmonic, look no further than the BTC daily from May of this year to right now. You can see almost the exact same thing happening here. A wick on the initial crash to the range low, then a series of bearish drives which failed to break down significantly below 30k. Immediately after that third bullish drive, the candles immediately gain volume we had never seen in a while, and it was shocking to see BTC's strength.
Second, the descending wedge. You can see a very clean and well defined descending wedge right after the consecutive green candles. This itself is a bullish pattern, and when you consider the support line as well as the fib support thwarting any breakdown attempts from sellers, you can see we're about to go much much higher.
Make sure to set a nice SL, somewhere around 46.5k, since you might get stopped out by those breakdown attempts.
Good luck!
Short USDCAD on break of WedgeUSDCAD is trading in wedge pattern , break of this will give us an opportunity to short with good risk reward
SLP broke out$SLP broke out from falling wedge and now head down to confirm broken resistance as support.
buy now.
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.
ADA is going to fall up to 2.23$!Hi dear traders,
Strong wedge was broken, A fall up to lower major support(2.23$) is expected.
Best place to buy ADA is 2.23$ zone.
Good luck
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.
Falling wedge breakout opportunityLook for BIGC to test $53-$54 before breaking to the upside to PT of $69+.
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.
Big move for PSFE coming!IMO PSFE is in oversold territory and looks like it's going to breakout of a wedge on the daily and as a bonus a gap fill from $9.50 to $10.16 looks like a possibility.
Dash ready to pump !!! HOTAttention ! Get ready when Dash get to the end of the wedge pattern. One way up, one way down.
Price goes down in 1 week (since 23rd August) and volume was going down too. It's time to look for a come-back PUMP.
Go for it.
Potential Upside for AVAXUSDTThere is a formation of a Falling Wedge on the H4 time frame and price is currently above a major resistance.
I will be taking a leveraged trade on the breakout of this wedge with my TP 1 at 9.9 and TP 2 at ATH.
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.🤖
BTC 1H Update, A re-high is possible!Previous breakout was a fake breakout.
Bulls are still strong and a re-high is possible in coming days.
