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Wedgebreakout

DREPBTC is creating a falling wedge 🦐IF $DREP.X will have a breakout and turn daily resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– 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.
DLong
by InkyGrip
14
EDUCATION: Rising Wedge PatternHello, dear subscribers! Today we will continue to consider the chart pattern. The risisng wedge is the topic of this article. We can see the rising narrowing wedge formation when the scatter of highs and lows is decreasing during the time and price make higher highs and higher lows. There are clear support and resistance lines which have different angles of slope as you can see on the chart The rising narrowing wedge is usually described as the bearish pattern but in practice it is not always true. In fact the direction of the breakout is the most important evidence for the price movement prediction. In this example we can see the break through the resistance line and the massive price pump. The breakout can be fake, in that case the price returns back to the wedge. If it is true breakout the price can make an attempt to return back but there is a rejection as you can notice in our example. DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
Education
by Skyrexio
Possibly a rising wedge for GLXY?Regardless of the type (reversal or continuation), rising wedges are typically bearish patterns, even if only temporarily. Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level. Ideally, the volume will decline as the price rises & the wedge evolves, however, the volume has seen an increase & currently GLXY is breaking the blue sloping resistance of the wedge pattern to the upside! That's the Bitcoin effect lol? On the KST there may be a bullish cross about to happen in the near term, a few more trading days will provide a better indication of which way the trend is heading. The RSI is displaying higher lows & higher highs since early December. The DPO is at an all-time high currently, if there's any pullback it would be ideal if the blue line held as support before continuing upward, and if not it'll likely act as resistance & the trend may be reversing, only time will tell.
TSX:GLXY
by ScotianBot
1
Silver Retest Successful! Upward Targets in Sight!Silver was a trade executed on the daily chart. I will cover the set up in just a sec. I want to point your attention to this 4 hour chart. Price broke out of resistance, and then pulled back to retest it as support. Buyers stepped in heavily when futures opened. Why is this zone important? The Daily chart broke out of a trendline/wedges, and broke above our major resistance zone. On the 4 hour, the retest was successful. I personally entered a small position on the trend/wedge break, and then added my full position on the resistance break. First target is the 28 dollar zone. Longer term, my followers know my take on Gold, Silver and cryptos. Been warning of a confidence crisis and currency crisis since way before Covid. Central banks are trying to weaken their currencies, which means the middle class loses. A move out of fiat is a way to protect one's purchasing power, and why one must be in these assets. This is a trade set up, but in the long term, I believe Silver moves much higher.
OANDA:XAGUSDLong
by Uncharted-FX
5
DOTBTC is creating a daily falling wedge 🦐DOTBTC is creating a daily falling wedge, IF and only IF the price will have a breakout from falling wedge, and turn the current daily resistance in a new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– 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.
Long
by InkyGrip
8
LINKUSDT is inside falling wedge 🦐LINKUSDT is inside a falling wedge after the price broke daily ascending channel. If the price will have a breakout upwards and retest the previous daily resistance as new support, we can look for a long, otherwise, if the price will break the wedge downside, According to Plancton's strategy (check our Academy), we can set a nice order ––––– 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.
by InkyGrip
4
Raiden Recourses looking BULLISHRaiden Resources Limited (ASX:RDN) is an ASX copper-gold exploration company focused on discovering large scale mineral deposits in the world class Tethyan region of Eastern Europe. Raiden operates in low cost and mining friendly jurisdiction’s which remain underexplored, seeking to systematically apply modern exploration techniques to discover Tier 1 projects. Bullish Outlook: - Falling Wedge Continuation Pattern - Bullish Break of Downtrend Trendline - Fractal and TB Fib Extension Targets Aligning - Volume returning - Fundamental News as Exploration Begins 09/12 Bearish notes: - Unclosed GAP 0.023-0.025 "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:RDNLong
by Trader_Johnni
VINDHYA TELELINKS - A good bet for medium termWitnessed a strong breakout with strong volume from a Falling Wedge Pattern. Chart is self explanatory. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
NSE:VINDHYATELLong
by CannySunny
3
QKCBTC is inside a huge descending wedge 🦐QKCBTC is inside a huge descending wedge and the price is trying to have a breakout. IF the price will have a breakout upwards and turn the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– 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.
QLong
by InkyGrip
3