VITEUSDT is creating a falling wedge 🦐VITEUSDT is creating a falling wedge on the daily timeframe and now the price is testing the daily resistance. IF the price will have a breakout from the wedge and retest the current resistance as new support, 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.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Wedgebreakout
UFTBUSD has Broken Above the Falling Wedge
Welcome back Traders, Investors, and Community!
Hi Traders, UFTBUSD on H1 has broken above the Falling Wedge which is an uptrend pattern by a large green candle. It might go down to 0.628 before it goes up to 0.795
⬆️Buy now or Buy at 0.628
⭕️SL @ 0.578
✅TP1 @ 0.795
✅TP2 @ 0.933
✅TP3 @ 1.108
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
EOS broke out from wedge#EOSUSDT
$EOS broke out from wedge so after confirming resistance as support it will rally to $7 easily 🚀
buy here and around support zone
USDJPY bearish scenario:In this pair, technical analysis shows a technical figure Rising Wedge. The Triangle has broken through the support line on 09/07/2021. USDJPY forming a bearish formation on a daily chart. If the price holds below this level we will have a possible bearish price movement with a forecast for the next 38 days with a target of 107.69. If you decide to enter this position, experts say your stop-loss order should be placed at 111.66.
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NFLX wedge breakout#nflx is breaking out on the daily of a descending triangle, I have marked first and second profit levels on the chart, first is 557 second is 586, I am in this heavy, good luck trading my friends, this is not financial advice.
KEEPUSD Potential Break-out TradePositive Looking setup, however, do your due diligence
Potential Break-out of the falling wedge:
1. 1 hour STOCH low above MA 200.
2. Decreasing volume on the falling trend, vice versa.
3. Green 1 hour Heikin Ashi candle
4. Hit 0.5 level on fib retracement
5. Improving MACD histogram on the hourly
FENG LongWeekly Wedge breakout + Consolidation
Entry 1.5
Stop 1.0
Target 4
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
WMT LongWMT can see a $10 push
- Holding on resistance and consolidating
- Edge of Wedge
- Ave low RSI
- Long on confirmed break of 141.01
- On rejection can move down to 136 levels
#LMND Breakout on daily#LMND Entrance at 113.31 breakout has confirmed, just waiting for a peak to be passed at that price level and then it will likely fill the gap from 119 to 126, that can be your first take profit, the second would be all the way up at 166. Option premiums look good, I would anticipate this movement to last 1-3 weeks, but it will move fast above that 113.31 level. Plot your stop loss to your personal tolerance. This is not financial advice.
#Alibaba wedge breakout attemptHey listen up my friends, #Alibaba #baba is attempting to breakout. My first take profit is 245 my second is 275 as there are strong peaks there, after that we likely test all time highs, this play is a week or two long play, options are cheap, scoop them up. Obligatory this is not financial advice yada yada.
Dogecoin will drop over 30% in coming days!Hi dear followers, According to last analysis on DOGE coin, This coin is moving in a big wedge and needs to re-test this support level again.
Doge coin broke out The wedge pattern and will fall over 30% according previous analysis.
Glad to know your idea about This analysis
Good luck :)
Bitcoin Slow And Steady ClimbIs this a dream, inside of a dream, inside of a dream? BTC loves playing with our emotions. It's having a field day with this one. This price action is coming in the middle of the night and furthermore, this is coming off of a confirmed H&S, as well as a number of other bearish patterns. Im not even going to try to guess the direction at this point, I'm just going to let the chart speak.
A keynote here is the smaller scale rising wedges have broken to the upside so let's see if it keeps doing the same.
Happy 4th everyone, have a GREAT day!
Watch Out for a Rebound on AUDCAD The AUDCAD established a Descending Wedge pattern, which in itself is demonstrative of a potential bullish rebound from its lower end. The likelihood of such a rebound taking place is bolstered by the fact that the Wedge appears to be bottoming out at the major support level at 0.92650.
Moreover, bullish pressure appears to be rising now that the price action has reached the lower end of the broader consolidation range, as underpinned by the Stochastic RSI indicator.
If the price manages to penetrate above the upper boundary of the Wedge, it is likely to then pull back before continuing to head higher. The first target is the 61.8 per cent Fibonacci retracement level at 0.93402.
BNB need's a big move here!BNB needs a big move here, BNB is moving in a wedge pattern and in my opinion It will breakout Blue trend line and targets Has been specified.
Good luck
BTC Arriving towards the end of the wedge possible breakout soonBTC is arriving towards the end of this small wedge, a possible breakout may happen within a week but it might be a bearish breakout given the look of things. Especially since the 100EMA seems like it will cross under the 200EMA in a couple of days.
CNC, the breakout we've all been waiting for!!As you can see there has been a rough resistance at the 74-75 levels and it has been like this since August 2018. For me, the volume speaks volume and if you are to compare the volume levels to the previous volume levels we have got something juicy. Each time at this 75 dollar level we have never experienced high volume and finally, it has come! Quadruple top on the long term mixed with an ascending wedge just screams breakout play.
TLDR:
1. Longterm ascending triangle.
2. short term bullish wedge breakout
3. 4x top
4. most importantly increased volume on the run-up to resistance.
Would love thoughts and ideas about this idea or if there are any questions.
$BTU target $10 minimum - @AOTtradesSee wedge ready for breakout to $10 and above...... BIG BUYING VOLUME seen recently in this name , just a matter of time
If Gold goes up then take it.You can see that Gold is going under a big squeeze now on 4 hour chart. Compare this to previous squeeze and you see that they look like each other. You can see from chart what happened to gold with the squeeze before. History often repeats itself (except when it doesn't)
Now look at yellow down wedge. This often means that a move to upside is coming. If price breaks through upper yellow like this is your entry trigger. You can also see 618 fib is support. You can take the trade on the breakout, or on retest of yellow down line. But the longer you wait the further and further the yellow down wedge get's and you risk missing it altogether. This is why I almost always take breakout on sloping trendline, and I'm more likely to enter on retest of horizontal line (a horizontal line doesn't get away from you)
You can see price targets in grey boxes with final target of 1826, or the 382 fib line.
I like how the stars align on this. But only if Gold breakouts to the upside.
Happy trading! Please give me thumbs up if you found this helpful.
<3 Miss Bunny
XCHUSDT (1hr) looks ready for liftoffAll your hard drive are belong to CHIA.
If you don't know what Chia is and want to learn more, checkout Chia.net
CRM breaking out of downward wedgeCRM has broken its long term trendline after bouncing off prior longterm support and successfully retested the trendline. All the way up from here
Long AAPLLong Apple, price targets 137-140. Breakout of long-term bull wedge and backtested previous two days as RSI cooled. Looking for higher prices in next week.
Watching for a potential bullish breakout of ArcimotoShares of Arcimoto $FUV have been getting attention from several social media influencers as they rise in this bullish wedge formation.
We are watching for a potential breakout as the wedge pattern plays out.
Arcimoto makes affordable, ultra efficient, small-footprint electric vehicles .
Arcimoto's outsize gains began in the days following its first-quarter financial report for the period ended March 31.
But the stock also got a boost with the announcement that it will be joining the Russell 2000 and Russell 3000 stock market indexes with their annual reconstitution starting next week.
AMD Wedge breakoutGet out your brown pants ladies and gentleman, this breakout if confirmed will likely make #AMD attempt all time highs within the next month or so, in the short term I am going light and will pyramid in if it shows more promise, add it to your watchlists or go light for now, will update trade when I am certain. something something not financial advice something something
