Get started

Wedge

Altcoins' Market Cap is About to Reclaim $1 Trillion..!Hello Traders 🐺 In my last idea about Altcoins' total market cap, I talked about the midterm price targets. Now, in this idea, I want to focus on the short-term volatility. As you can see in the chart, the price is already in a falling wedge pattern, and the target of the falling wedge is the top of the wedge. This means we are about to see a nice bounce in Altcoins, which could break BTC.D's upward movement and lead to a bigger correction. In my opinion, in this case, we can also treat this pattern as a bull flag, and the target will vary accordingly. If you want to know more about the price target for TOTAL3, you can check my previous idea, where I also mentioned my final price target for this Altcoin Season. I hope you enjoy this idea! Don’t forget to like and follow! 🚀🔥 🐺 KIU_COIN 🐺
CRYPTOCAP:TOTAL3Long
by Kiu_Coin
2
Be careful with TRX !!!As you can see, the price has now formed an ascending wedge , which is promising. The price could rise to $0.27 after breaking this wedge... Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
Gold (XAU/USD) – Rising Wedge Breakdown & Bearish SetupOverview Gold (XAU/USD) has been in a strong uptrend, making consistent higher highs and higher lows. However, the price action has formed a Rising Wedge Pattern, which is typically a bearish reversal formation. This pattern suggests that the bullish momentum is weakening, and a potential sell-off could follow. The recent breakdown of the wedge structure confirms the bearish bias, and sellers are now in control. Based on price action analysis, we can anticipate further downside movement toward key support levels. 📊 Technical Analysis – Rising Wedge Breakdown 1️⃣ Understanding the Rising Wedge Pattern The Rising Wedge is a bearish pattern that occurs when the price consolidates within an upward-sloping channel but shows signs of exhaustion. Here’s how it developed: Higher Highs & Higher Lows: The price consistently formed higher peaks and troughs, indicating an uptrend. Declining Bullish Momentum: As the wedge progressed, price action became increasingly squeezed, showing reduced bullish strength. Breakout Confirmation: Once the lower trendline of the wedge was breached, it confirmed that buyers were losing control and that sellers had stepped in. 2️⃣ Key Levels & Market Structure 🔵 Resistance Level: The upper boundary of the wedge around $3,150 - $3,163 acted as a supply zone, where sellers pushed prices lower. 🟠 Support Level: The lower boundary of the wedge, around $3,100 - $3,120, initially provided demand but eventually failed to hold. 🔻 Breakdown Confirmation: The price broke below the wedge, which is a strong bearish signal. 🎯 Trade Setup & Strategy 3️⃣ Bearish Trading Plan Given the breakdown of the wedge pattern, the setup favors a short (sell) trade. Here’s how to approach it: 📉 Sell Entry: The ideal short position is initiated after a confirmed break of the wedge’s support level. 📍 Stop Loss (SL): A tight stop-loss is placed above the previous resistance at $3,163.67, ensuring risk is controlled if the trade goes against the bias. 🎯 Take Profit (TP) Targets: TP 1: $3,080.66 – First major support level, where buyers might step in temporarily. TP 2: $3,057.33 – Extended downside target, offering a greater risk-to-reward ratio. 4️⃣ Additional Price Expectations Retest of the Wedge Breakdown: The price may pull back to the broken wedge support before continuing downward. Stronger Bearish Momentum: If selling pressure remains strong, price could fall even lower, breaking TP 2. Invalidation Level: If price climbs above $3,163, the wedge breakdown would be invalidated, signaling that bulls have regained control. 📌 Conclusion & Market Sentiment 🔹 Rising Wedge Breakdown Signals Further Downside – The market structure suggests that sellers are gaining control. 🔹 Sell Setup with Risk-Managed Approach – With a defined stop-loss and two profit targets, this trade offers a favorable risk-to-reward setup. 🔹 Gold’s Short-Term Bearish Outlook – The chart confirms a potential correction, and price may drop towards $3,080 and $3,057 if the bearish momentum continues. 📊 Final Thought: This is a high-probability short trade based on classic technical analysis. Traders should monitor for confirmation retests and manage risk accordingly. ✅ Would you like any refinements or additional insights? 🚀
OANDA:XAUUSDShort
by GoldMasterTrades
BTC DOMINANCE in Rising wedge Pattern BTC Dominance Showing Signs of Weakness – Altseason Incoming? BTC dominance is finally topping out, displaying clear signs of weakness. Rising wedge Pattern forming on weekly time frame which is also bearish. Despite reaching new highs, momentum appears to be fading, with bearish RSI divergence further confirming the exhaustion. All indicators point towards an imminent breakdown in BTC dominance, potentially triggering a long-awaited Altseason in the coming days. Stay prepared for major moves in the altcoin market! 1. Weakness in the uptrend =Bearish 2. Rising wedge Pattern = Bearish 3. RSI divergence on weekly = Bearish All things indicating towards upcoming Bearish trend for BTC Dominance. What do you think share your thoughts in the comments. 🚀 🚀 🚀 🚀 This is not a Financial Advise
CRYPTOCAP:BTC.DShort
by Traderscorpion
2
Bonds Don’t Lie: The Signal is ClearU.S. 10-year Treasuries are a crucial cog in the global financial machine, serving as a benchmark borrowing rate, a tool for asset valuation, and a gauge of the longer-term outlook for U.S. economic growth and inflation. As such, I keep a close eye on 10-year note futures, as they can offer clues on directional risks for bond prices and yields. The price action over the past few days has sent a clear and obvious signal as to where the risks lie: prices higher, yields lower. Futures had been grinding lower within a falling wedge for several weeks but broke higher last Friday on decent volumes following soft U.S. household spending data. It has since extended bullish the move, reclaiming the 200-day moving average before surging above key resistance at 115’09’0 after Trump’s reciprocal tariff announcement on Wednesday. RSI (14) is trending higher but isn’t yet overbought, while MACD has crossed the signal line above 0, confirming the bullish momentum signal. That favours further upside, putting resistance at 116’11’0 and 118’12’0 on the immediate radar. For those who prefer it expressed in yield terms, that’s around 4% and 3.8% respectively. Good luck! DS
CBOT:TN1!Education
by FOREXcom
9
EUR/USD: Bullish Falling Wedge Breakout Towards TargetLet’s analyze the 1-hour candlestick chart of EUR/USD (Euro / U.S. Dollar) on TradingView, published by GoldMasterTraders on April 2, 2025, at 19:04 UTC. The chart highlights a trading setup based on a Falling Wedge pattern, indicating a potential bullish breakout. I’ll describe the chart pattern and the trading setup in detail. Chart Pattern: Falling Wedge Pattern Description Type: The chart identifies a Falling Wedge pattern, which is a bullish chart pattern that typically signals a reversal or continuation of an uptrend. A Falling Wedge forms when the price consolidates between two downward-sloping trendlines that converge over time, with the upper trendline (resistance) sloping more steeply than the lower trendline (support). Appearance on the Chart: The Falling Wedge is clearly marked with two converging trendlines: Upper Trendline (Resistance): Connects the lower highs, sloping downward. Lower Trendline (Support): Connects the lower lows, also sloping downward but at a less steep angle. The pattern began forming around March 19, after a sharp decline from 1.9400 to 1.8700, and continued until the breakout on April 2, 2025. Breakout Direction: Falling Wedges are typically bullish, meaning the price is expected to break out to the upside. The chart shows the price breaking above the upper trendline of the wedge around April 2, 2025, with a strong bullish candle, confirming the breakout. The breakout level is around 1.90840, and the price has moved slightly above this level, closing at 1.90864 at the time of the chart. Key Levels and Trading Setup 1. Support Level A horizontal support zone is marked around 1.90730 (approximately 1.9070–1.9080). This level acted as a base during the wedge formation, with the price bouncing off this zone multiple times (e.g., on March 23 and March 30). The support level aligns with the lower boundary of the wedge, reinforcing its significance as a key area of buying interest. 2. Resistance Level A resistance zone is marked around 1.92000 (approximately 1.9190–1.9210). This level corresponds to a previous high reached on March 19, before the wedge formation began. It represents a significant barrier where selling pressure previously emerged. After the breakout, the price is expected to test this resistance as part of the bullish move. 3. Target The target for the breakout is projected at 1.92110. This target is likely calculated by measuring the height of the wedge at its widest point (from the highest high to the lowest low within the pattern) and projecting that distance upward from the breakout point. The chart indicates a potential move of 0.00435 (0.40%), which aligns with the distance from the breakout level (around 1.90840) to the target (1.92110). 4. Stop Loss A stop loss is suggested below the support level at 1.90730. This placement ensures that if the breakout fails and the price falls back into the wedge, the trade is exited with a manageable loss. The stop loss is just below the breakout level (1.90840), with a distance of approximately 0.00110, representing the risk on the trade. Trading Setup Summary Entry: The setup suggests entering a long (buy) position after the price breaks out above the upper trendline of the Falling Wedge, which occurred around April 2, 2025. The breakout is confirmed by a strong bullish candle closing above the trendline at approximately 1.90840. Stop Loss: Place a stop loss below the support level at 1.90730 to protect against a false breakout or reversal. The distance from the breakout level (1.90840) to the stop loss (1.90730) is 0.00110, or about 0.06% of the entry price. Take Profit/Target: Aim for the target at 1.92110, which is near the next significant resistance level. The distance from the breakout level to the target is 0.01270, or a 0.40% move. Risk-Reward Ratio: The risk is 0.00110 (from 1.90840 to 1.90730), and the reward is 0.01270 (from 1.90840 to 1.92110), giving a risk-reward ratio of approximately 11.55:1 (0.01270 / 0.00110). This is an exceptionally high risk-reward ratio, making the setup very attractive, though traders should ensure the breakout is well-confirmed due to the tight stop loss. Additional Observations Price Action Context: Before the wedge formed, the price experienced a sharp decline from 1.9400 (March 13) to 1.8700 (March 19), indicating a strong bearish trend. The Falling Wedge represents a consolidation phase within this downtrend, and the upside breakout suggests a potential reversal or at least a corrective move higher. Volume and Momentum: The chart doesn’t display volume or momentum indicators (e.g., RSI, MACD). However, a typical confirmation of a Falling Wedge breakout would include: An increase in volume on the breakout candle, indicating strong buying interest. Bullish momentum signals, such as an RSI above 50 or a bullish MACD crossover. Traders might want to check these indicators for additional confirmation of the breakout’s strength. Timeframe: This is a 1-hour chart, so the setup is intended for short-term trading, with the target potentially being reached within a few hours to a day. Market Context: EUR/USD is influenced by factors like U.S. dollar strength, Eurozone economic data, and interest rate differentials. A bullish move in EUR/USD could be driven by a weaker dollar (e.g., due to dovish U.S. economic data) or positive Eurozone developments. Conclusion The TradingView idea presents a bullish setup for EUR/USD based on a Falling Wedge pattern on the 1-hour chart. The price has broken above the wedge’s upper trendline, confirming a bullish move with a target of 1.92110. The setup includes a stop loss at 1.90730 to manage risk, offering an impressive risk-reward ratio of 11.55:1. Key levels to watch include the support at 1.90730 and the resistance at 1.92000. Traders should consider additional confirmation from volume and momentum indicators, as well as broader market conditions, before executing the trade. Since this chart is from April 2, 2025, market conditions may have evolved, and I can assist with searching for more recent data if needed!
Long
by GoldMasterTrades
XAG/USD Bullish Setup - Falling Wedge Breakout Towards TargetChart Overview Asset: Silver / U.S. Dollar (XAG/USD) Timeframe: 1-hour (1H) Date and Time: Published on April 2, 2025, at 11:17 UTC Publisher: GoldMasterTraders on TradingView Current Price (at the time of the chart): Open: 33.82300 High: 33.89005 Low: 33.79435 Close: 33.88880 Change: -0.05780 (-0.20%) Price on the Right Axis: The price scale ranges from approximately 32.80000 to 35.25000, with the current price around 33.88880. Chart Elements and Technical Analysis 1. Candlestick Price Action The chart displays a 1-hour candlestick representation of XAG/USD, showing price movements from late March to early April 2025. Trend Context: Prior to the formation of the pattern, the price experienced a sharp rally from around 32.80000 (March 21) to a high near 34.60000 (March 27). This indicates a strong bullish trend. Following this rally, the price entered a consolidation phase, forming lower highs and lower lows, which is characteristic of the Falling Wedge pattern. Recent Price Action: On April 2, the price appears to have broken out of the wedge pattern, closing above the upper trendline with a strong bullish candle. The current price of 33.88880 is above the breakout level, suggesting a potential continuation of the uptrend. 2. Chart Pattern: Falling Wedge Pattern Identification: The chart highlights a Falling Wedge pattern, a bullish chart pattern that can act as either a reversal or continuation pattern. In this case, given the preceding uptrend, it’s likely a continuation pattern. A Falling Wedge is characterized by two converging trendlines: Upper Trendline (Resistance): Connects the lower highs, sloping downward. Lower Trendline (Support): Connects the lower lows, also sloping downward but at a less steep angle than the upper trendline. The wedge started forming around March 27, after the price peaked near 34.60000, and continued until the breakout on April 2. Pattern Dynamics: The narrowing range between the trendlines indicates decreasing selling pressure and a potential buildup of buying interest. Falling Wedges typically resolve with a breakout to the upside, as the price breaks above the upper trendline, signaling a resumption of the prior trend (bullish in this case). Breakout Confirmation: The price broke above the upper trendline of the wedge on April 2, with a strong bullish candle closing at 33.88880. This breakout is a key signal for a potential upward move. The breakout level appears to be around 33.85000–33.90000, and the price is currently holding above this level, which is a positive sign for bulls. 3. Key Support and Resistance Levels Support Level: A horizontal support zone is marked around 33.58553 (approximately 33.58–33.60). This level acted as a significant support during the wedge formation, with the price bouncing off this zone multiple times (e.g., on March 28 and March 31). The support level aligns with the lower boundary of the wedge, reinforcing its importance as a key area of buying interest. Resistance Level: A resistance zone is marked around 34.60000 (approximately 34.60–34.80). This level corresponds to the high reached on March 27, before the wedge formation began. It represents a significant barrier where selling pressure previously emerged. After the breakout, the price is expected to test this resistance as part of the bullish move. Target Level: The target for the breakout is projected at 34.82470 (approximately 34.82). This target is likely calculated using the standard method for wedge patterns: measuring the height of the wedge at its widest point (from the highest high to the lowest low within the pattern) and projecting that distance upward from the breakout point. The target of 34.82470 is just above the resistance zone, suggesting that a break above 34.60000 could lead to further upside toward this level. 4. Stop Loss and Risk Management Stop Loss: The stop loss is suggested below the support level at 33.58553. Placing the stop loss below this level ensures that if the breakout fails and the price falls back into the wedge, the trade is exited with a controlled loss. The distance from the breakout level (around 33.90000) to the stop loss (33.58553) is approximately 0.31447, which represents the risk on the trade. Risk-Reward Ratio: The chart indicates a risk-reward ratio of 0.9467 (2.80% / 9,469.7). The potential reward is the distance from the breakout level (33.90000) to the target (34.82470), which is approximately 0.92470, or a 2.80% gain. The risk is the distance to the stop loss (0.31447), making the risk-reward ratio approximately 2.94:1 (0.92470 / 0.31447), which is favorable for a trading setup. 5. Additional Annotations Arrows and Labels: A blue arrow labeled “Falling Wedge” points to the pattern, clearly identifying it for viewers. A green arrow labeled “Support Level” points to the 33.58553 zone, indicating where buyers have stepped in. A red arrow labeled “Resistance Level” points to the 34.60000 zone, highlighting the next significant barrier. A blue arrow labeled “Target” points to 34.82470, showing the projected price objective. A blue arrow labeled “Stop Loss” points to 33.58553, indicating the risk management level. Price Labels on the Right Axis: The right axis shows key price levels, with the current ask price at 33.89900 (red) and bid price at 33.88558 (black), reflecting the live market spread. Trading Setup Breakdown Based on the chart, here’s the detailed trading setup: Entry: Position: Long (buy) XAG/USD. Entry Point: The setup suggests entering after the price breaks out above the upper trendline of the Falling Wedge, which occurred around 33.85000–33.90000 on April 2. Confirmation: The breakout is confirmed by a strong bullish candle closing above the trendline, with the current price at 33.88880, slightly below the high of 33.89005 but still above the breakout level. Traders might wait for a retest of the breakout level (now acting as support) for a safer entry, though this isn’t explicitly suggested in the chart. Stop Loss: Level: Place the stop loss below the support level at 33.58553. Rationale: This placement protects against a false breakout. If the price falls back below the wedge’s upper trendline and breaches the support, the bullish thesis is invalidated, and the trade should be exited. Risk: The distance from the entry (33.90000) to the stop loss (33.58553) is 0.31447, or approximately 0.93% of the entry price. Take Profit/Target: Level: The target is set at 34.82470. Rationale: This target is derived from the height of the wedge projected upward from the breakout point. It also aligns with a logical extension beyond the resistance at 34.60000. Reward: The distance from the entry (33.90000) to the target (34.82470) is 0.92470, or approximately 2.80% of the entry price. Risk-Reward Ratio: The risk-reward ratio is approximately 2.94:1, which is attractive for a trading setup. For every unit of risk (0.31447), the potential reward is nearly 3 units (0.92470). Trade Management: Trailing Stop: Once the price approaches the resistance at 34.60000, traders might consider trailing the stop loss to lock in profits, especially if the price shows signs of stalling. Partial Profit Taking: Some traders might take partial profits at the resistance level (34.60000) and let the remaining position run toward the target. Broader Market Context Trend Analysis: The broader trend before the wedge was bullish, as evidenced by the rally from 32.80000 to 34.60000. The Falling Wedge, therefore, acts as a consolidation within this uptrend, and the breakout suggests a continuation of the bullish trend. The price action after the breakout will be critical. A strong move toward 34.60000 with high volume would confirm the bullish momentum. Volume and Momentum: The chart doesn’t display volume or momentum indicators (e.g., RSI, MACD). However, a typical confirmation of a Falling Wedge breakout includes: Volume: An increase in volume on the breakout candle, indicating strong buying interest. Momentum: A bullish signal from indicators like RSI (e.g., moving above 50 or 70) or MACD (e.g., a bullish crossover). Traders should check these indicators to validate the breakout’s strength. Market Factors: Silver prices are influenced by factors like U.S. dollar strength, interest rates, inflation expectations, and geopolitical events. On April 2, 2025, traders should consider: U.S. Dollar Index (DXY): A weakening dollar typically supports higher silver prices. Economic Data: Key releases like U.S. non-farm payrolls, inflation data, or Federal Reserve statements around this time could impact silver. Geopolitical Events: Any risk-off sentiment (e.g., due to global tensions) could drive safe-haven demand for silver. Potential Risks and Considerations False Breakout: If the price fails to hold above the breakout level (33.85000–33.90000) and falls back into the wedge, the setup is invalidated. The stop loss at 33.58553 mitigates this risk. Resistance at 34.60000: The resistance level has previously capped the price, and there’s a risk of rejection at this level. Traders should watch for bearish price action (e.g., a shooting star or bearish engulfing candle) near 34.60000. Market Volatility: Silver can be volatile, especially on a 1-hour timeframe. Unexpected news or economic data could lead to sharp price swings, potentially triggering the stop loss prematurely. Timeframe Limitations: This is a short-term setup on a 1-hour chart, so the target might be reached within hours to a couple of days. However, intraday noise could lead to choppy price action, requiring active trade management. Conclusion The TradingView chart by GoldMasterTraders presents a well-structured bullish trading setup for XAG/USD based on a Falling Wedge pattern. The price has broken out above the wedge’s upper trendline on April 2, 2025, signaling a potential move toward the target of 34.82470. Key levels include support at 33.58553 (where the stop loss is placed) and resistance at 34.60000, which the price must overcome to reach the target. The setup offers a favorable risk-reward ratio of approximately 2.94:1, making it an attractive trade for short-term traders. However, traders should confirm the breakout with additional indicators (e.g., volume, RSI) and monitor broader market conditions, as this chart is a snapshot from April 2, 2025, and market dynamics may have evolved since then. If you’d like to search for more recent data on XAG/USD or check the outcome of this setup, I can assist with that!
OANDA:XAGUSDLong
by GoldMasterTrades
Bitcoin (BTC/USD) Reversal? Rising Wedge Breakdown Signals Sell! The chart suggests a potential bearish move after a rising wedge pattern breakdown. Key Observations: Rising Wedge Breakdown: BTC formed a rising wedge, which is a bearish reversal pattern. The price has broken down from this wedge, indicating a potential downtrend. Support and Resistance Levels: Resistance Zone: Around $88,188 – $88,792, marked as a key level where selling pressure may increase. Support Zone: Around $85,368 – $84,226, where buyers may step in. Target: $81,429 – $81,258, a strong support level where price could drop. Bearish Setup: The chart suggests a sell opportunity near resistance, expecting a downward move toward the target zone. Trading Idea: Entry: Sell near $88,000 after confirmation. Target: $81,429 – $81,258 (support zone). Stop-Loss: Above $89,991 (resistance zone). This setup suggests Bitcoin could decline further, making it a potential short trade opportunity. However, traders should watch for confirmation and overall market sentiment before executing trades.
BINANCE:BTCUSDShort
by PIPsOptimizer
EURO - Price can bounce from support level to top part of flatHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago, price entered a wedge pattern, bounced down from the resistance line to the support line, and broke the $1.0415 level. Next, the price turned around and started to grow. In a short time, it rose to the $1.0415 level and broke one more time. Then, price some time traded between resistance line with $1.0415 level and later corrected to support line of wedge. After this, EUR made a strong upward impulse, thereby exiting from wedge pattern and starting to trades inside flat. In flat, price reached top part and then made a correction movement to $1.0735 support level and turned around. In my mind, Euro can correct to support level and then rise to $1.0950 top part of flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
5
US100 - Falling Wedge Breakout PotentialThe US100 has been in a strong uptrend but recently formed a falling wedge pattern, a bullish reversal signal. After a period of correction, the price is testing a breakout from the wedge. If confirmed, the target aligns with previous highs near 22,000 - 23,000. A successful breakout could signal a continuation of the broader uptrend. 🔹 Key Levels: Support: 18,500 - 19,000 Resistance: 20,500 - 22,000 (Breakout Target) Watch for breakout confirmation with volume and price action before entering long positions! 🚀📈 Must Support Me Share My Idea With Your Firends Mention Your Feed back Comment Section
CAPITALCOM:US100Long
by Gold_Traders_Team
XAUUSD – Rising Wedge Breakdown & Head and Shoulders FormationGold (XAUUSD) is showing signs of a potential bearish reversal on the 30-minute chart following a Rising Wedge breakdown and a Head and Shoulders pattern formation. Technical Analysis: Rising Wedge pattern suggests exhaustion in the uptrend. Head and Shoulders structure signals a shift in momentum towards the downside. Key Support Zone: $3,100 - $3,080 (Potential target). If price breaks below the neckline, further downside pressure is expected. Fundamental Outlook: US Dollar strength and bond yields can pressure gold prices. Geopolitical tensions and inflation fears may limit downside movement. Market awaiting key macroeconomic data for further direction. A break below $3,120 could trigger further selling, targeting $3,100 - $3,080 levels. However, a rebound above $3,140 could invalidate the bearish setup. Watch price action carefully Must Support Me Share My Idea With Your Firends Mention Your Feed back Comment Section
TVC:GOLDShort
by Gold_Traders_Team
Euro may bounce up from support area to 1.0950 pointsHello traders, I want share with you my opinion about Euro. Analyzing the chart, we can observe how the price initially reached the support level that aligned with the buyer zone and broke through it. After that, the Euro moved into a wedge pattern, where it reversed near the resistance line and started to decline sharply toward the support line, forming a strong gap and breaking the support once again. Soon after, the price reversed direction and began to climb, breaking through the 1.0360 level again and rising to the resistance line of the wedge. A brief correction followed, bringing the price back down to the support level. From there, the market made a strong upward impulse, breaking out of the wedge and reaching the current support area. After the breakout, the price started moving within a triangle pattern. It broke above the 1.0785 level and climbed to the resistance line of the triangle. Then, a correction took place down to the support area, followed by a quick bounce back up to the resistance, from where the price recently started to decline. Given this structure, I expect the price to complete its correction at the support area and then bounce upward, breaking out of the triangle pattern. If this plays out, I anticipate further upward movement, with my target set at 1.0950 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
12
CHZ/BTC about to score a goal?Welcome back dearest reader, If you have been following me you're quite aware i'm very bullish on this project. Fundamentals aside the charts look amazing. And CHZ/BTC is no exception to this! Deeper dive: ~Trendlines --> As you can see at trendline ''1'' chz has found support going way back to 2021, you can see what happened next. The bars pattern from 2021 has been copied and shows a strong impulsive move going into june. Trendline ''2'' just shows the downtrend we've been in in relation to BTC, i don't expect this to fall below legacy support ''1''. ~MFI --> The Money Flow Index (MFI) is a technical indicator used in financial analysis to measure the strength and momentum of money flowing in and out of a security, typically on a scale from 0 to 100. It combines price and volume data to help traders identify overbought or oversold conditions, often signaling potential reversals in the market. As we can see it's massively oversold and yearning for a reversal ''3''. ~Stochastic RSI --> The Stochastic RSI (Stoch RSI) is a momentum oscillator that combines the Stochastic indicator and the Relative Strength Index (RSI) to measure the RSI's position relative to its recent high-low range. It ranges from 0 to 1 (or 0 to 100 when scaled), helping traders spot overbought or oversold conditions and potential trend shifts with greater sensitivity than the RSI alone. For CHZ also in a massive oversold condition ''4''. Summary: ~Trend has bottomed and could provide a strong move for CHZ ~MFI and stoch RSI are massively oversold. Note: This is the CHZ versus BTC chart, this means that even if BTC trades sideways or bottoms CHZ could do well. This would coincide with BTC.D dropping. Any questions? Ask. ~Rustle
Long
by Rustlingjimmies
1
Silver (XAG/USD) Rising Wedge Breakdown – Bearish SetupMarket Overview & Context Silver (XAG/USD) has been in a strong uptrend, forming higher highs and higher lows over the past few weeks. However, recent price action suggests a potential shift in momentum as a bearish Rising Wedge pattern emerges. This technical pattern often signals a possible trend reversal or correction. This analysis focuses on a 4-hour (H4) chart, which provides a medium-term perspective for traders. The market has recently encountered a strong resistance zone, and multiple price rejections indicate a potential downward move. Chart Pattern: Rising Wedge Formation The Rising Wedge is a bearish reversal pattern that occurs when the price moves higher within two converging trendlines. This structure suggests that while buyers are still in control, their momentum is weakening. Key Characteristics of the Rising Wedge in This Chart: Uptrend with Weakening Momentum: The price has been rising, but the higher highs are becoming less aggressive. The slope of the highs is flatter compared to the lows, which indicates declining bullish strength. Converging Trendlines: The price is getting squeezed between support and resistance. This tightening range typically precedes a breakout, with a higher probability of a bearish breakdown. Bearish Implications: A breakdown below the wedge’s lower trendline confirms bearish sentiment. The price could drop sharply toward the next major support level if sellers gain control. Key Technical Levels & Trading Strategy 1️⃣ Resistance Zone (Supply Area) – $34.50 to $34.60 The price has repeatedly tested but failed to break above this zone. This confirms that sellers are active in this area, leading to multiple rejections. A strong supply zone, making it an ideal stop-loss placement for short trades. 2️⃣ Support Level (Demand Area) – $30.50 to $30.60 This level has acted as major support in previous price action. If the breakdown occurs, this is the primary downside target for sellers. 3️⃣ Stop Loss – $34.61 Positioned just above resistance to minimize risk exposure. Ensures that if price moves against the trade, losses are contained. Trading Plan & Execution 📉 Short (Sell) Setup – Bearish Breakdown Expected ✅ Entry: A confirmed breakout below the rising wedge’s support trendline (~$33.50 - $33.80). ✅ Stop Loss: Placed slightly above $34.61, ensuring risk control. ✅ Target: $30.56, aligning with previous support zones and technical projections. Risk-Reward Analysis Entry at breakdown (~$33.50) Stop loss (~$34.61) – Risk: ~1.1 points Target (~$30.56) – Reward: ~2.9 points Risk-to-Reward Ratio: ~1:3, making this a highly favorable short setup. Confirmation Signals to Watch Before Entering a Trade 📉 Break and Retest of Support as Resistance If price breaks below wedge support and retests it as new resistance, it strengthens the bearish case. 📉 Volume Spike on Breakdown A sharp increase in volume when breaking support confirms strong selling pressure. 📉 RSI Divergence (Bearish Signal) If the Relative Strength Index (RSI) shows lower highs while the price makes higher highs, it suggests momentum weakness and a pending breakdown. Potential Trading Scenarios 📌 Bearish Scenario (High Probability) – Breakdown Confirmation If the price breaks below the wedge’s lower trendline and closes below $33.50, it will likely accelerate downward toward $30.56. Traders should enter short positions and hold for the target while managing risk with stop-loss levels. 📌 Bullish Scenario (Low Probability) – Invalidating the Pattern If the price breaks above $34.60 and holds, the rising wedge pattern is invalidated. This would signal continued bullish strength, and traders should avoid short positions. Conclusion & Final Thoughts ✅ The Rising Wedge Pattern suggests a potential bearish reversal in Silver (XAG/USD). ✅ If the price breaks the lower trendline, a drop toward $30.56 is highly probable. ✅ Traders should wait for confirmation signals before entering a trade. ✅ Risk management is crucial, with a stop-loss above $34.61 to minimize exposure. 🔹 This setup presents a strong risk-to-reward opportunity, making it ideal for traders seeking short positions in Silver.
OANDA:XAGUSDShort
by GoldMasterTrades
Bitcoin (BTC/USD) 1-Hour Chart Analysis – Professional BreakdownThis BTC/USD 1-hour chart showcases a falling wedge breakout, indicating a potential bullish reversal after a downtrend. The analysis suggests that Bitcoin could move toward its next resistance target of $87,550, offering a profitable long setup for traders. Let's analyze the chart in detail. 1️⃣ Market Context: Understanding the Trend 📉 Previous Downtrend Before the wedge formation, Bitcoin was in a strong downtrend after reaching a resistance level near $87,000–$88,000. Sellers took control, creating lower highs and lower lows, forming a descending wedge pattern. The price declined sharply, reflecting profit-taking, increased supply, and weak demand. 📊 Current Market Setup Bitcoin found strong support around $81,412, a level where buyers have stepped in multiple times. The price action compressed into a falling wedge, a classic bullish reversal pattern, indicating that bearish momentum was weakening. The breakout from the wedge suggests that bulls are regaining control, signaling a potential uptrend. 2️⃣ Key Technical Levels & Market Structure 🔹 Resistance Level ($87,000–$88,000) This zone has acted as a strong supply area where Bitcoin previously struggled to break through. If Bitcoin approaches this level again, a break and retest scenario would be ideal for further continuation. 🔹 Support Level ($81,412) This area has provided multiple bounces, confirming it as a demand zone where buyers are actively defending. A break below this support would invalidate the bullish setup and could lead to a downward move. 📍 Breakout Confirmation The falling wedge breakout is confirmed by bullish price action and strong buying pressure. Bitcoin is now forming higher lows, indicating a potential trend reversal. 3️⃣ Technical Chart Pattern: The Falling Wedge 📌 What is a Falling Wedge? A falling wedge is a bullish pattern that forms when price consolidates between two converging downward-sloping trendlines before breaking out upward. ✅ Characteristics of a Falling Wedge in This Chart Series of lower highs and lower lows, forming a contracting price range. Decreasing bearish momentum, seen by smaller candles near the support zone. Bullish breakout with strong momentum, signaling a reversal. 💡 Implication: A breakout from a falling wedge often leads to a strong upward move, especially if volume supports the breakout. 4️⃣ Trading Setup & Strategy 📍 Entry Strategy A confirmed breakout above the wedge with a strong bullish candle. A pullback and retest of the breakout level can provide a high-probability entry point. 🎯 Target Levels Primary Target: $87,550 (Projected based on wedge height). Extended Target: Above $88,000 if momentum continues. 🛑 Stop-Loss Placement Below the support zone at $81,412 to minimize risk. If Bitcoin falls below this level, it invalidates the bullish setup. 5️⃣ Risk & Considerations ⚠️ Potential Risks to Watch Fake Breakouts: If BTC fails to hold above the breakout level, it could result in a bull trap, causing a price reversal. Market Volatility: Crypto markets are highly volatile, and external factors (such as macroeconomic news or regulatory updates) could impact price movements. Resistance Pressure: The $87,000–$88,000 zone could act as a strong resistance, leading to possible consolidation before a decisive move. ✅ Risk Management Tips: Keep a tight stop-loss below key support. Adjust position size based on volatility. Wait for confirmation before entering trades to avoid false breakouts. 6️⃣ Conclusion: Bullish Bias but Caution Advised 📈 Bitcoin is showing signs of a potential uptrend after breaking out from the falling wedge pattern. However, traders should watch for a confirmation of strength before entering long positions. Key Points to Watch: BTC needs to hold above $83,500 to sustain bullish momentum. A strong candle close above $85,000 will further confirm bullish control. The $87,550–$88,000 resistance zone will be a crucial test for the next move. 🚀 Bullish outlook remains valid unless BTC drops below $81,412. Hashtags for TradingView Idea #Bitcoin #BTCUSD #CryptoTrading #TechnicalAnalysis #FallingWedge #CryptoSignals #TradeSetup #TradingStrategy
BITSTAMP:BTCUSDLong
by GoldMasterTrades
XAUUSD Bearish Breakdown: Riding the Rising Wedge to Profit1. Chart Pattern: Rising Wedge (Bearish Reversal) The Rising Wedge is a technical pattern that occurs when price makes higher highs and higher lows within converging trendlines. This pattern is considered bearish, as it usually precedes a breakdown when price fails to sustain the higher levels. The pattern is clearly visible as price moves within two upward-sloping black trendlines. The narrowing range suggests that buying pressure is weakening, and sellers are gaining control. A confirmed breakdown occurs when price breaks below the lower trendline, indicating potential further downside. 2. Key Technical Levels Resistance Level (Highlighted in Beige, Top Box) This area represents a strong supply zone where price has struggled to move higher. Each time the price reaches this level, selling pressure increases, pushing the price lower. The chart labels this as the Resistance Level, suggesting a potential reversal zone. Support Level (Highlighted in Beige, Lower Box) This is the previous demand zone, where price has rebounded multiple times. Once price reaches this level, buyers may attempt to push it higher. However, if this level fails to hold after the breakdown, further downside is expected. Stop Loss Level (~3,150) The stop loss is placed just above the recent highs. If price moves beyond this level, it would invalidate the bearish setup. Traders use stop losses to limit risk in case the market moves against the position. Target Level (~3,080) This is the projected downside target based on the height of the wedge. A measured move (calculated from the highest to the lowest point of the wedge) aligns with this target. It represents a potential 1.78% decline from the breakdown level. 3. Price Action & Trade Setup Breakout Confirmation: The price broke below the lower trendline, confirming a wedge breakdown. The bearish momentum suggests sellers are in control. Entry Zone: A good short-selling opportunity is identified after the breakdown and potential retest of the lower trendline. Risk Management: Stop loss at 3,150 (above resistance). Profit target at 3,080 (expected support). This gives a favorable risk-to-reward ratio. 4. Market Psychology Behind the Pattern Rising Wedge Psychology: The pattern forms as buyers push price higher, but each new high has weaker momentum. Eventually, selling pressure outweighs buying interest, leading to a breakdown. Resistance & Support Psychology: The resistance area acts as a supply zone where big traders sell their positions. The support zone may hold temporarily, but if it breaks, panic selling could accelerate the decline. 5. Possible Scenarios After the Breakdown Bearish Case (Most Likely Outcome) Price continues downward after breakdown. It reaches the 3,080 target with increased selling momentum. Confirmation of a bearish reversal pattern. Bullish Case (Invalidation of Setup) Price reclaims the wedge and moves back above resistance. It invalidates the bearish breakdown, stopping out sellers. A potential bullish continuation toward new highs. Final Thoughts This chart presents a high-probability short trade based on the Rising Wedge breakdown and resistance rejection. Traders can manage risk by setting a tight stop loss above resistance while aiming for a target at the next key support zone. The pattern suggests a bearish sentiment in the short term, favoring sell setups over buying opportunities. Would you like me to add further insights, such as Fibonacci levels or RSI analysis, to strengthen the trade idea? 🚀
OANDA:XAUUSDShort
by GoldMasterTrades
NZD/USD at Risk of Retesting Yearly LowsThe Kiwi is clinging to uptrend support within a broader rising wedge, with selling pressure reemerging at .5680 despite Monday’s late recovery. A clean break below the uptrend could see bears target .5650, the low from Monday. A move through that level would put .5600 in focus as the next downside target. Momentum signals reinforce the bearish case—RSI (14) and MACD continue to trend lower into negative territory, favouring selling rallies and downside breaks. If the price were to fail beneath the uptrend again and reverse back above .5680, the bearish bias would be invalidated for now. Good luck! DS
Short
by FOREXcom
USD/CAD breaks out of falling wedgeUSD/CAD closed higher for a fourth day on Monday, on the even of Trump's liberation day. It also accelerated away from its 50-day EMA after establishing support around its 100-day EMA last week. This has also seen USD/CAD break trend resistance, and a falling wedge pattern now appears to be in play. This suggests an upside target near the 1.4550 cycle highs. Bulls could seek dips towards the 50-day EMA and retain a bullish bias while prices remain above last week's low. Matt Simpson, Market Analyst at City Index and Forex.com
Long
by CityIndex