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Wedgebreakout

OGN/USDT : Breakout from falling wedgeBINANCE:OGNUSDT Hello everyone 😃 OGN is breaking out the falling wedge. There is one more 6H candle needed for OGN to hold above wedge; After a retest, It can reach higher levels in mid-term. However BTC is not showing fine now, But it is possible to have pullback from wedge's higher line. So generally it's bullish and but for farther confirmations, We can wait for a cross on 6H trend bullish line. Also on BTC's pair; It's now pulled back from daily demand zone, Currently it's facing a bullish order block which is now acted as a resistance ! We may see a retest on lower level into demand zone and the a continuation to higher levels on this chart. 🔴 BTC has reached it's broken bullish trendline and some of the asks are forming a sell wall around ~58K. So be careful of any rejection below $55850. Hope you enjoyed our analysis about OGN's possible growth🙌 You can support us with your likes. Also you can share your opinion with us in comments 😉🙋🏼‍♂️ Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
22
HOW TO TRADE WEDGE PATTERNS IN A RIGHT WAY This is an Educational post regarding ' HOW TO TRADE WEDGE PATTERNS IN RIGHT WAY ' 1. There should be a nice uptrend or downtrend before you start marking the pattern 2. join the most touches of body candle or wicks as per your trading style and what works for you 3. If a Fakeout has happened then most the chances of pattern to work increases 4. check the volume of recent price 5. always pay closer attention to price when price is near to the breakout 6. Always look for good body momentum candle breakout with good volume 7. aggressive traders can enter after the breakout 8. I always buy on the retest of the resistance level which became support or vice versa for short trade 9. Use your personal favorite indicator to add confluence to the trade Do let me know if you learned anything from this post
NSE:HINDALCOEducation
by dhruvchaddha
1
TEL - One final pump possibly forming!HITBTC:TELUSD I've been tracking TEL closely because she's a favorite position of mine, and she's treated me well, considering I got it back in February. I was reviewing my chart last night and realized TEL is still looking really bullish on the daily candle view (MACD is possibly crowning, and the gap between blue and orange lines is still widening). And on the 4-hour candle view, we're seeing that there could very well be another green MACD mountain, as the RSI is showing it's still not overbought yet either. Considering it just repeated basically the same pattern three times since April 30th, I'm applying that same timespan and average growth. We've seen 6 days of calm between pumps, and for this most recent surge, we've just hit that, AND the wedge is about to crown. I personally think she has one more jump in her for this run. What do you all think? * The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
HITBTC:TELUSDLong
by mattdim805
#Alice, #MyNeighborAlice Breaking Out of the Wedge?A quick look at #MyNeighborAlice (#ALICEUSDT, #Binance, 4HR): Price broke the upper resistance of the wedge pattern on April 28 with a solid increase in volume. We should now wait for a confirmation. First available support is at the $11.70 level. If you want to read more about MyNeighborAlice on CoinMarketCap, click here . What do you think? Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! ------------------------------------------------------ Some of my charts represent actual trades, and some are paper trading. Needless to say, this is not financial advice!
Long
by BitfulMind
Acending Wedge Breakout and What We Can ExpectAscending Wedge most of the time means incoming falling in price and in this case is what happens (the breakout happens in the red circle). We can expect more falling in price depending on the selling pressure for that reason DONT panic sell. Matic is an awesome project with a lot of potentials, Matic can reach $7 in the long-term. MACD still below the 0.0 line, the price can go down until reaching the ema 200 in the 30m chart and that can be good support. Wish you all a profitable weekend!
COINBASE:MATICUSDLong
by JoelCupeles
5
MND - Have we witnessed a Bullish Breakout?MND seems to have broken out strongly out of its descending wedge with high volume suggesting that we may have seen a bottom on the Weekly chart. I think price may find some resistance currently and provide a great buying opportunity lower. I think that any pullback lower may be a buying opportunity. It could restest the POC of Volume Profile or previous Support, or any retracement lower. I would be a buyer at $11.00 and would target the old highs, ideally towards $13.30 - $13.50 range. Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
ASX:MNDLong
by AsimMirzaTrader
USD/CAD - Out of the WedgeHi all. I am new & trying to self teach on analysis, etc., so any help/advice would be much appreciated! My analysis on this 1D chart for USD/CAD looks at the possibility of a break out of the descending wedge pattern we have been in since the first quarter of 2020. We have just seen a bull flag lead to a third tap on the resistance of the overall channel lines. I identify these two events as indicators of a break out of the descending wedge. I have accounted for an expected retrace to test the resistance line, which would turn to support, before properly impulsing bullishly. It is at this point of retrace where I would look to enter the position, with a stop loss of just below where the bull flag's support is. I also believe that this will be a large move, with plenty of opportunity to scale in - helping to maximise profits. Please let me know your thoughts. Any comments will be taken on board, as I try to learn further and progress from experienced traders.
Long
by RW21Trades
1
Bitcoin BTC Bullish falling wedge / head and shoulders pattern Hello traders, Here we see the 2 hour chart of Bitcoin and a confirmed head shoulders pattern. Target of the H-S formation is 37,000 usd. The neckline has already been retested as we saw already in my other charts. We also have higher volume in the right shoulder of the H-S formation which makes the pattern much more reliable. Interestingly, we now see the also the development of a bullish falling wedge . Target seems to me 42,000 usd ( the tip) if price continues the downtrend while the H-S formation has a target of 37,000 usd. These levels are also important horizontal key support levels which make it even more important! How can we capitalize on this development? All patterns can fail so always think one step ahead. New patterns are continuously formed and as a trader you best adapt to this. Specifically now we have 2 targets, 42.000 and 37.000 usd. If the price of Bitcoin breaks out of the falling wedge with good volume to the upside, the bearish scenario can be reversed. I don't expect it but the possibility always exists. So please keep this in mind. Please also keep a close eye on the falling wedge . If the price breaks through the lower trendline, we will probably see a parallel downward trend channel developing to the 37,000 usd level which is then the target of our H-S formation.
Short
by PegasusTechCharts
6