Wedgebreakout
ATOM perfect time for entryAfter clearly respecting uptrend, price formed bullish wedge atop previous ath levels. Price broke down trend consolidation as well as middle zone, and is headed to new all time highs. My target profit is located at 1.618 fib level (highly respected level among cryptos). Perfect time for entry imo!
AUPH LongWedge breakout, revisit trendline
ABC Patten:
Swing A crossed SMA50 (1st) and SMA200 (2nd), Wave#1
Swing B tested SMA200 as support. Wave#2
Swing C will be not less than A; Wave#3
Entry 16
Stop 14
Target 22
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
TCP TARGET MET!TCP broke out of the wedge and hit my target of $0.3500.
7 DAY SPOT PROFIT OF 135%, NOT FINANCIAL ADVICE.
dYdX U.S. Dollars (T)After wicking itself a support, dYdX has coiled up and popped out of its descending wedge. I've taken the trade at $22.900, looking to take half profit after reaching $29.000 and the rest at $38.000.
Stop loss set at 19.900.
A retest would of been preferable but the wicked support gives me confidence in taking the trade.
Let me know your thoughts below.
SHIBA pressure building into wedgeSHIBA INU, relatively new coin and "meme coin" has potential to break out of this wedge and range it has been stuck in for some time. With BTC and ETH starting to run, I think the altcoins and bigger named small cap coins will begin to run as well, from FOMO, meme potential, and just more and more people entering the crypto space.
I will be entering with a small position at this level, waiting for the break of the trendline and the 618 fib level.
Targets:
1) 0.000035, the previous high -> around 25%
2) the 1.272 fib around 0.000039 -> around 40%
3) 1.618 fib at 0.000044 -> around 55-60%
Wedge Breakout Setup for SOFISofi was on track to break ATHs but ran into some trouble at earnings (overreaction). The fundamentals are still solid and the bottom of the wedge is holding support. Last couple days the CEO bought $100K worth of Sofi ,institutional ownership has gone up, and last lockup period has expired this week.
Sofi is set up nicely to breakout and get back on track to hit it's 2021 PT of $30.
USDCNY Likely to Rebound From the 23.6% Fibonacci The price action of the USDCNY pair has been range-trading since the 16th of July, as underpinned by the ADX indicator. Bearish pressure has been slowly accumulating over the same period, which is illustrated by the current reading of the Stochastic RSI indicator.
The price action is likely to reach a new dip at the 23.6 per cent Fibonacci retracement level, which is the closest psychologically significant support level. A bullish rebound can be expected to occur there, given the current development of a Descending Wedge pattern. The latter represents a classic trend reversal pattern.
The first major target for the renewed uptrend would be the descending trend line (in red) just above the 38.2 per cent Fibonacci.
Smooth Love Potion (SLP), low is set and looking for +500%After its initial launch on Binance SLP has been regularly dropping for weeks.
- has reached oversold on several timeframes
- has reached new all time low
- just broke out from huge descending wedge with big volume
- Price and Volume are showing big bullish divergence
target of the next price action is top of descending wedge, more than x6 of current price. May take some weeks to be reached.
this post is for educational purposes and not trading advice. do your own research.
$APPS - Bullish Trade Set UpDespite the market being weak, $APPS is showing good relative strength. Definitely one to watch when the indices are green as it should really pop above $67.50! The whole $5B to $30B market range of companies is where I'll be looking for strength in the coming weeks.
Targets are in green, good luck & happy trading!