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Wedge

BITCOIN - Price can exit from wedge and rise to $100K levelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price reached resistance line of triangle and then, in a short time, declined to $80300 level. Price broke $92000 level and then some time traded inside triangle, where it reached this level again and then corrected. Later BTC exited from triangle and entered to wedge, where it first declined below $80300 level, but later turned back. Then it continued to move up inside wegde, where it later made correction to support line and then rose to $92000 level. Soon, price broke this level and even reached resistance line of wegde, after which it corrected and continues to rise. Possibly, price can bounce up from support area to $100K, thereby exiting from wedge pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
7
BITCOIN → Consolidation or reversal? Why is $ 95000 important?BINANCE:BTCUSD held up quite strongly during the tariff war and largely weathered the storm, while the stock market and indices were in free fall. The improvement in the fundamental situation has once again heightened interest in the asset among traders and investors. Earlier, I pointed out that against the backdrop of falling markets (due to Trump's policies and tariff wars), Bitcoin is holding up fairly well. It cannot be compared to gold, which maintains its status as a safe haven, but overall it has stayed out of the 73K risk zone. Countries are continuing negotiations in the US, which generally points to an improvement in the trade situation, but all attention remains on relations between China and the US, and a resolution may be close. Technically, on the daily/weekly timeframe, the price has broken through the trend resistance and the asset has moved from the sell zone to the buy zone, which in general only increases interest in the flagship. Bitcoin is stuck in the 95K-92K range. A false breakout of resistance provokes a correction, and now we need to monitor the price and see where the correction will stop. This will show us important support that could become the basis for consolidation. Resistance levels: 95K, 100K, 102.5K Support levels: 93.5, 92.9, 92, 91K To break through 95K and continue growing, Bitcoin must form consolidation. There is none at the moment, and a correction and halt may indicate the approximate boundaries of consolidation. However, the focus is on 95 - 93.5 - 92K. If the price manages to stay within the local boundaries and continues to storm the 95K resistance, we will have a chance for a breakthrough and continued growth to 100K. Otherwise, Bitcoin may form a deeper correction, for example to 91-88K Best regards, R. Linda!
Long
by RLinda
5
Bitcoin can make small correction and then continue to growHello traders, I want share with you my opinion about Bitcoin. Earlier, the price of price was consolidating for quite some time inside a broad upward wedge. The market found consistent support near the buyer zone, forming a solid foundation for future growth. After several rebounds, the bulls pushed BTC higher, and the pair exited the support area with a clean breakout. The movement above the current 86000 support level was accompanied by a strong bullish impulse, confirming the breakout from the wedge and validating the upward momentum. The price respected the structure of the wedge well, reacting to both the resistance and support lines along the way. After the breakout, Bitcoin reached a new high near 94000, where it turned around slightly, indicating the beginning of a local correction. Now BTC is hovering just above the broken wedge, and I believe a short-term decline, likely before continuing further upward. Given the wedge's structure, the bounce from the buyer zone, and the breakout with confirmation, I remain bullish on Bitcoin. My TP1 remains at 97000 points, which corresponds to the next key resistance above the current price range. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
19
GOLD → False breakdown and change of mood...FX:XAUUSD is strengthening after a false breakdown of support at 3288, with the change in fundamental sentiment due to US statements on the tariff war also providing support for the price. On Thursday, gold rose from a weekly low of $3,260, supported by a weaker dollar and renewed concerns about US trade negotiations with China and Japan. Optimism about tariff cuts quickly faded after denials from the White House. Weak US business activity data is fueling talk of a possible Fed policy easing, which is also supporting gold. The markets remain focused on trade news and Trump's statements. Technically, gold could reach the liquidity cluster at 3314 and continue to rise towards strong resistance at 3370. Resistance levels: 3342, 3370, 3387 Support levels: 3314, 3288, 3270 Below 3314 and below 3288, a liquidity pool has formed, which the market is likely to test before continuing its growth. It is too early to talk about a resumption of a strong rally, as the situation between the US and China is complicated, as are the negotiations on the situation in Eastern Europe, which seem to be moving towards talks, but every time something goes wrong... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
14
USDJPY - Already Over-Sold!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈USDJPY has been overall bearish trading within the falling wedge pattern marked in blue and it is currently hovering around the lower bound of it. Moreover, the orange zone is a strong weekly support. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #USDJPY approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TheSignalyst
10
Euro may rebound from support line of wegde and continue growHello traders, I want share with you my opinion about Euro. For a while, price was consolidating in a flat range, bouncing between support near 1.0735 and resistance close to 1.0950 points. The price showed multiple rejections from the buyer zone, indicating strong interest from bulls around that area. Eventually, this led to a breakout to the upside, accompanied by a sharp impulse movement. After the breakout, the pair formed a steady upward wedge pattern, where both support and resistance lines were respected. This pattern helped channel the bullish pressure, allowing the price to gradually push higher while also offering clear correction zones. One of those zones, the support area, is particularly important. Price bounced off this area again recently, signaling that buyers are still in control. The market is currently recovering from a local correction and showing early signs of continued growth, as visible from the bounce off the wedge's support line and the area around the current support level. Given this structure, the breakout from range, the formation of the wedge, and the consistent support reaction, I expect the Euro may to continue its movement upward. So, that's why I set my TP at 1.1550 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
11
The next EUR/USD move could pay twice:Forecasted Move: First, a bullish breakout towards the upper blue levels (around 1.14000–1.14193). After hitting resistance, a sharp drop is expected. Pullback (small retracement) near the green trendline. Then, a bigger bearish move targeting the lower yellow demand zone around 1.11600–1.12225. Key Levels Marked: Resistance: 1.14000 – 1.14255 Support: 1.12225 – 1.11600 Timeline: Major movements are expected between late April and early May (around May 6–8). Important Detail: You have drawn two phases — a fast move up (blue zigzag) and then a corrective drop (red zigzag). Watch out for news events around those dates (you've marked news icons too). --- Summary: You are expecting a false bullish rally, followed by a major bearish drop after May 6–7 on EUR/USD.
Short
by Greenfireforex
AUDNZD (4H) Symmetrical Triangle Breakout+Falling Wedge ReversalOn the 4-hour chart of AUDNZD, the market has completed a compression phase inside a symmetrical triangle, nested within a larger falling wedge structure. Both patterns suggest a potential bullish reversal after an extended downward trend. The breakout occurred to the upside, with price moving above the triangle and breaking through short-term resistance around 1.0713. Volume increased on the breakout, confirming genuine buyer interest. If the price holds above this level and breaks 1.0766, it opens the path to the next major target at 1.0844, aligned with the previous key swing level. Technical picture: – Symmetrical triangle breakout confirmed – Price also broke out of the falling wedge – Volume expansion on the move – Bullish realignment of EMAs is starting – Holding above 1.0713 + breaking 1.0766 will activate the next phase Fundamental backdrop: The Australian dollar is benefiting from resilience in the commodity and export sectors, while the New Zealand dollar faces pressure from weakening inflation and growing expectations of monetary easing by the RBNZ. This economic divergence creates short-term advantage for AUD over NZD. This double-pattern setup confirms the transition from consolidation to bullish impulse. Holding above 1.0713 and a confirmed break above 1.0766 would unlock a move toward 1.0844. These patterns offer clean early entries into trend reversals.
Long
by TotoshkaTrades
2
Bitcoin Bulls Eye $95K as Upside Momentum BuildsAfter a bullish wedge break and having cleared the key 50-day moving average earlier this week, bitcoin bulls will now be eyeing a break above $95,000, especially with indicators such as RSI (14) and MACD signalling strengthening topside momentum. A break and close above $95,000 would generate a bullish setup, allowing for longs to be established above with a stop beneath for protection. While some resistance may be encountered around $100,000, a move beyond that psychologically important level may encourage bulls to look for a run towards the record high above $108,000. In the interim, bids have been noted at $91,750 with sellers emerging on pushes above $94,000. Good luck! DS
FOREXCOM:BTCUSDLong
by FOREXcom
1
Total 3, do flags point to the target area?Welcome back dearest reader, Today i have a very interesting analysis for you, quite some valuable time was put into this. What i've noticed is the following: -From april 2021 untill july 2021 total 3 has been trading in a bullish wedge flag, when we continue the lines on the full candle bodies the apex pointed to the top of that flag durationwise -August 2022 till october 2023, extend the trendlines, apex march 2024, look up. Oh. -March 2024, october 2024 --> apex december 2024, look up. Oh. Now: -January 2025, april/may 2025, apex june 2025, look up. Oh. -I used the fractal from july 2021 as i think we're in this period -Upward sloping channel from october 2022 untill now could provide insights as to what the target price might be, HH and HL Target: 1.5T Also check out my BTC.D idea, these would coincide perfectly ~Rustle Is it certain this will happen? No-one has a glass ball, all we have are patterns based on past performance, this is no guarantee. But it does look good.
CRYPTOCAP:TOTAL3Long
by Rustlingjimmies
3
SOLANA (SOL) – Bearish Breakdown Incoming? Watch These Key LevelHey Traders! #SOL is currently showing strong bearish signals on the 2H timeframe: 🔸 Rising Wedge Pattern spotted — a classic bearish reversal structure. 🔸 Bearish Divergence on RSI — momentum is weakening while price continues higher. 🔸 Breakdown from the wedge already occurred — confirming the initial weakness. Next Key Support Zone: $120–$130 This zone has held multiple times, but a clean break below followed by a retest could offer a high-probability short setup. 🎯 Trade Plan: We’re watching for: Break of the $120–$130 support Retest of the broken level Entry on confirmation with strict risk management 💬 What’s your take on #SOL? Are you bullish or bearish? Drop your thoughts below! 🧠 Trade smart, manage your risk, and follow for more TA like this! 📌 Like, comment, and share if you found this helpful. #SOL #Solana #CryptoTrading #BearishDivergence #RisingWedge #TechnicalAnalysis #TradingSetup #ShortTrade #CryptoTA #Altcoins
Short
by mudusir
ALGO/USDT Technical Analysis Deep Dive! Let’s break down this ALGOUSDT chart step-by-step — it’s a perfect example of trading patterns in action! 🏄‍♂️ Timeline (Aug 2024 - April 2025): ▸ Accumulation (Aug - Nov 2024): ALGO consolidates between $0.1050 and $0.1450, showing low volatility. This is a classic accumulation phase where buyers are quietly building positions. ▸ Breakout & Uptrend (Nov - Dec 2024): Boom! The price breaks above $0.1300 with strong momentum, climbing to $0.6100. ▸ Pause in a Symmetrical Triangle (Dec 2024 - Jan 2025): After the surge, ALGO takes a breather, forming a Descending Triangle (a neutral pattern). This signals market indecision — traders are waiting for the next big move. ▸ Breakout & Downtrend (Jan - Mar 2025): The price breaks below the triangle, dropping to $0.1480. This aligns with a "Descending Wedge" (reversal) from the cheat sheet , confirming the downtrend and reversal structure of the Wedge. ▸ Consolidation (Mar - Apr 2025): ALGO stabilizes between $0.1400 and $0.1600, setting the stage for the next move. ▸ Breakout & Uptrend (Apr - April 2025): Another breakout! The price surges above $0.1600, reaching $0.2200 again. It might reach higher levels like $0.2400 and $0.3000 in next weeks. This chart shows how patterns like Descending Triangles, and Wedges can guide your trades. Spotting these using my Trading Patterns Cheat Sheet can help you time your entries and exits like a pro! ✉️ What’s your next move on ALGO? Are you buying the dip, waiting for confirmation, or taking profits? Drop your thoughts below — I’d love to hear your strategy!
by ArShevelev
XRPUSDT on the Edge: Is a Major Breakdown Coming? Yello Paradisers! Are you ready for what could be a huge bearish trap unfolding right now on XRPUSDT? 💎Currently, XRPUSDT is flashing serious warning signs. The formation of a rising wedge pattern is significantly increasing the probability of a bearish move. When analyzing the broader market structure, it appears this recent uptick is merely a retracement within the larger bearish trend—keeping the probability on the bearish side still very high. 💎If XRPUSDT bounces, grabs liquidity and starts forming clear bearish patterns from that resistance area, it could set up an excellent opportunity with a high risk-to-reward (RR) ratio for shorts. 💎However, if the price breaks out and closes a candle clearly above the resistance zone, our bearish thesis will be invalidated. In that case, it would be much smarter to stay patient and wait for a more reliable price action setup before considering any new trades. 🎖Remember Paradisers, the key to surviving and thriving in this market is to stay disciplined, patient, and smart. Trade what you see, not what you feel! Stick to the plan, and never rush decisions under emotional pressure. Play it safe, and stay focused—our time will come! MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
Technical Breakdown on Gold Spot / USD (XAU/USD) | 1H Timeframe1. Key Observations (Volume, Gann & CVD + ADX Focused) a) Volume Profile Insights: Value Area High (VAH): 3,327.65 Value Area Low (VAL): 3,287.37 Point of Control (POC): 3,325.89 High-Volume Nodes: 3,325–3,328 zone (significant consolidation & absorption). Low-Volume Gaps: 3,280–3,290 zone (potential for fast price movement if re-tested). b) Liquidity Zones: Stop Clusters: Near 3,340 (previous highs), and below 3,280 (recent swing lows). Order Absorption Zones: Strong absorption around POC (3,325), indicated by multiple rejections and volume stacking. c) Volume-Based Swing Highs/Lows: Swing High: 3,382 (volume spike + reversal). Swing Low: 3,275 (volume increase on bullish reversal). Current Range: Consolidation between 3,280–3,328. d) CVD + ADX Indicator Analysis: Trend Direction: Range-bound (CVD mixed; recent sharp upward CVD move neutralized by selling at resistance). ADX Strength: ADX < 20: Suggests weak trend, confirming range-bound environment. DI+ ≈ DI-: No dominant directional strength. CVD Confirmation: Recent Rising CVD + No breakout above resistance = Hidden supply Earlier bullish CVD divergence at 3,275 led to minor recovery 2. Support & Resistance Levels a) Volume-Based Levels: Support: VAL: 3,287.37 Swing Low Support: 3,275 Resistance: VAH: 3,327.65 POC: 3,325.89 Swing High: 3,382 b) Gann-Based Levels: Recent Gann Swing High: 3,382 Recent Gann Swing Low: 3,275 Key Retracement Zones: 1/2 retracement: 3,328 1/3 retracement: ~3,311 2/3 retracement: ~3,345 3. Chart Patterns & Market Structure a) Trend: Range-bound (confirmed by low ADX & choppy CVD) b) Notable Patterns: Potential Bullish Flag within a Rising Channel (purple zone) Channel Support: Near 3,280 Channel Resistance: 3,360–3,390 Retest of POC (3,325.89) with multiple failed attempts to close above = key resistance validation 4. Trade Setup & Risk Management a) Bullish Entry (If CVD + ADX confirm uptrend): Entry Zone: 3,287–3,292 Targets: T1: 3,325 T2: 3,360 Stop-Loss (SL): 3,275 (below recent swing low) RR: Minimum 1:2 b) Bearish Entry (If CVD + ADX confirm downtrend): Entry Zone: 3,325–3,328 Target: T1: 3,287 Stop-Loss (SL): 3,340 (above recent rejection zone) RR: Minimum 1:2 c) Position Sizing: Risk only 1–2% of capital per trade.
FX:XAUUSD
by ProspireWealth
Gold ConsolidationGold is consolidating between a rising wedge pattern at the moment. It is still in an undecided territory at the moment because the momentum in the past few days has been clearly down, but yesterday's daily candle managed to close above the previous daily resistance level of 3,345. If we see healthy candles closing below that level (which will also break the lower boundary of the wedge pattern), then we can start looking for sells. I will look for buys only if the price closes above the resistance level (marked as a red zone in the chart) at around 3,380.
FX:XAUUSDShort
by CandleStickGuru
Uj might be reversing- We are at a painfully large demand area. - Price squeezing and consolidating in a dropping wedge. - Thursday candle was a bullish harami (indicating a possible u-turn) - Friday was the Good Friday (Market holiday), so it doesn't count Let us patiently wait here for the price to either break the wedge or at least it hits the lower border of the wedge to place our first entry. The reversal is imminent provided we do not break the demand area. Patience is the key here. Once we have a full confirmation to buy we will look further for targets, till then just watch it. I will update you guys when I place my own entry. Pray hard, trade smart :) and best of luck! Here is the close up look of the wedge:
Long
by Uzi-Trades-Forex
3
GOLD (XAUUSD): Strong Bullish Signs?! Gold strongly corrected from 3500 psychological level. After a test of the underlined intraday support cluster, the market started to leave strong bullish clues. After a false violation of the support, the price accumulated a bit and broke a resistance line of a falling wedge pattern on an hourly time frame. With that move, Gold also managed to confirm a local Change of Character CHoCH. All these bullish signals indicate a highly probable continuation of a growth. The price may move up at least to 3377 level easily. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
1
USOIL – Wedge Whisper Turned Rejection Roar Crude just whispered its next move — and it’s not looking bullish. After a clean rising wedge breakdown, price is now retesting the underside of the structure, right inside a high-volume supply zone (62.75 - 64.50). This zone screams rejection, especially with that wick-heavy rejection candle teasing a deeper move. This setup aligns with classic market psychology — buyers trapped at the top, smart money looking for that short squeeze to the downside. Short Bias Activated Sell Zone: 62.75 - 64.50 Target: 54.25 Invalidation: Break and close above 64.60 If this plays out, it’s a straight-up slide to the next major demand zone. Eyes on volume and rejection confirmations!
TVC:USOILShort
by Paschal35