MSTR - 2 months FALLING WEDGE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
═════════════════════════════
Wedge
GBPUSD: Bearish Trend Continues The GBPUSD pair successfully violated a key daily support level and closed below it, last week.
Upon retesting this level, the price rebounded and broke through a support line of an expanding rising wedge pattern.
This suggests a strong likelihood of a continuation of the bearish trend.
There is a high chance that the price will reach the 1.2106 level soon.
Gold at Resistance Zone>Technical Patterns>Potential DropThe U.S. economic Indexes released on January 16, 2025 , have implications for Gold ( OANDA:XAUUSD ):
Core Retail Sales m/m : ncreased by 0.4% , slightly below the 0.5% forecast, indicating moderate consumer spending.
Retail Sales m/m : Rose by 0.4% , under the expected 0.6%, suggesting a potential economic slowdown.
Unemployment Claims : Reached 217,000 , higher than the anticipated 210,000, pointing to a softening labor market.
These factors may lead to a weaker U.S. dollar and increased demand for gold as a safe-haven asset, potentially driving gold prices higher.
---------------------------------------------------
Now let's take a look at the Gold chart in the 4-hour time frame and see how much Technical Analysis can help us predict the trend of Gold in the coming hours and days.
Gold is moving in the Resistance zone($2,743-$2,700) and near the Upper line of the Ascending Channel , the upper lines of the Rising Wedge Pattern and Time Reversal Zone(TRZ) .
In terms of Classic Technical Analysis , Gold appears to be moving within the Rising Wedge Pattern .
According to Elliott's wave theory , Gold appears to be completing microwave C of the main wave Y . The wave count will change if the Resistance zone($2,743-$2,700) breaks .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to start falling at least the Support zone($2,697-$2,689) and the lower line of the ascending channel after entering the TRZ and touching the upper line of the ascending channel and the wedge pattern.
Note: If Gold can break the Resistance zone($2,743-$2,700), we can expect an All-Time High(ATH) for Gold.
Be sure to follow the updated ideas.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
$ETHUSD Head and Shoulders UpdateThis chart of Ethereum (ETH/USD) on the 12-hour timeframe presents several key technical analysis insights that suggest a potential bullish trend. Notably, an inverse Head and Shoulders (H&S) pattern is visible, with the left shoulder, head, and right shoulder clearly defined. This formation typically signals a bullish reversal when confirmed. The head represents a significant lower low compared to the shoulders, while the right shoulder aligns symmetrically with the left, indicating recovery behavior.
The volume profile on the right side of the chart reveals significant trading activity between $3,000 and $3,500, forming a high-volume node. Above $3,700, there are volume gaps that could result in rapid price movements if the price breaks out upward. Resistance at $3,700 aligns with the top of a wedge pattern, while a larger breakout target zone is identified between $6,000 and $7,000, suggesting significant upward potential if the bullish momentum persists.
Several break-of-structure (BOS) levels are marked on the chart, which highlight pivotal price action shifts. These levels serve as dynamic support and resistance points. A descending trendline, in place since November, has recently been broken, aligning with the inverse H&S pattern to reinforce the bullish outlook. The Stochastic Oscillator at the bottom of the chart shows a clear downtrend in momentum over a 72-hour and 4-hour window, but bullish divergence is forming. While momentum continues to make lower lows, the price action is showing higher lows, indicating a potential upward breakout in the near term.
Finally, support zones are evident around $2,400–$2,700, based on historical lows and high-volume trading activity. If the bullish momentum weakens, these areas could provide a safety net for price action. However, with the current alignment of bullish patterns, the focus remains on breaking the $3,700 resistance level, which could open the door to significant upward movement toward the $6,000–$7,000 target.
USD/JPY Short Scalp-USD/JPY has been pulling back for the past 12H, it is currently trading below a Trading Range and could evolve into a bear flag. Bulls do not show significant buying. FX:USDJPY
There is an extending triangle and an inside triangle forming, and could be sign of bears stepping in.
Target is 155.00, might not get it today but trade may evolve over next week depending on volatility.
Careful short, evolving
HelenP. I Euro can fall to support zone and then start to riseHi folks today I'm prepared for you Euro analytics. Some days ago price reached a trend line and then started to decline inside a downward wedge, where it soon declined to the resistance level, which coincided with the resistance zone. Euro some time traded in this area and then broke the 1.0550 level and fell to the support line of the wedge, after which rebounded, making a gap, and entered to the resistance zone. Some time, the EUR traded between the resistance level, and when the price reached the trend line, it turned around and started to decline, breaking the resistance level finally. Later Euro fell to the support level, which coincided with the support zone, and at once rebounded to the trend line. After this movement, the price at once rebounded from the trend line and made a correction to the support line of the wedge, breaking the support level, but soon, the price quickly backed up. Now Euro trades near this level and I expect that the price can fall to the support zone and then rebound up to the trend line. When it reaches this line, EUR will break it and continue to move up, for my mind. That's why I set my goal at 1.045 points. If you like my analytics you may support me with your like/comment ❤️
Gold will little correct and then to continue grow in channelHello traders, I want share with you my opinion about Gold. The chart shows how the price entered to seller zone, where it reached the mirror line and then dropped to the buyer zone, breaking the 2710 level. After this, the price bounced up from the buyer zone but soon corrected back. Then Gold made a strong upward impulse to the seller zone, breaking the mirror line again. In the seller zone, the price started to decline inside the downward pennant, where it broke the 2710 level one more time and fell to the support line of this pattern, breaking the support level too. Gold some time traded below the support level and later it exited from the pennant pattern, reached this level, and broke it, after which continued to grow. When the price reached 2662 points, the price corrected the buyer zone and then started to grow inside the upward channel. In the channel, Gold rose to the resistance line and then corrected to the support line, after which continued to move up to the resistance level. Recently price reached this level and even try to break it, but failed. For this moment, I think that Gold can correct to support line of the channel and then rise to the resistance level back. After this, XAU can break this level and continue to move up inside the channel. For this case, I set my TP at 2740 points. Please share this idea with your friends and click Boost 🚀
XLMUSDT: Bullish Setup or Reversal on the Horizon?Yello, Paradisers! Are you ready to capitalize on XLMUSDT’s next big move? Let’s break it down!
💎XLMUSDT has been consolidating within a well-defined descending channel, a classic retracement pattern that often sets the stage for a bullish breakout.
💎If XLMUSDT breaks and closes a candle above the resistance level, it would strongly increase the probability of a bullish move, opening the door to significant upside potential.
💎On the flip side, if the price dips to shake out weak hands, key support zones will be crucial. A bounce from these areas, coupled with a bullish I-CHoCH (internal change of character) or reversal patterns like a double bottom (W) or an inverse head and shoulders, would signal strength and increase the probability of a sustained rally.
💎However, discipline is key! If the price breaks down and closes a candle below the support zone, it invalidates the bullish setup. In such a scenario, it’s wiser to wait for clearer and more favorable price action to unfold rather than rushing into a trade.
🎖 This market rewards patience and preparation. Always remember, the goal is consistency, not chasing impulsive moves. Stay disciplined, Paradisers, and let’s crush these markets with sound strategies and precision!
MyCryptoParadise
iFeel the success🌴
GOLD - Price can break support level and fall to $2660 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price entered to wedge, where it at once made an upward impulse to resistance line, breaking $2695 level.
Next, price in a short time declined to support line, breaking $2695 level again and then exiting from a wedge.
After this, price fell below $2625 level and started to grow in a rising channel, where it traded between $2625 level.
Later, Gold broke this level and rose a little, after which made correction and then continued to grow.
Price reached $2695 level, but at once made a small correction, after which backed up and broke this level.
At the moment, I think that Gold can start to decline from resistance line of a channel to $2660, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BITCOIN - Price can exit from wedge and then start to declineHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price entered a downward wedge, where it bounced from support line to resistance line of wedge pattern.
Also, price broke $100500 level, but soon broke it again and continued to decline to $92800 level.
When price reached this level, it broke it too and fell to support line, after which bounced and exited from downward wedge.
Then BTC started to trades in upward wedge, where it at once fell from resistance line to support line.
After this, price in a short time rose to resistance line, breaking $92800 with $100500 levels, and now trades near resistance line.
So, I think that Bitcoin can exit from wedge and then bounce down to $98000, breaking $100500 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
USD/JPY, Where to Next?As explained before before, USD/JPY drowned almost two percent this week, three scenarios can play out next:
- Bearish scenario: Current 4H chart is evolving into a bear flag from previous TR, bears could get a second or third (depending on ur analysis) leg down towards 154.00 target:
-Bullish scenario: Bulls could fight of the downtrend and reclaim 156.000 to evolve into a trading range. This will be hard as they have to reclaim 20 EMA where bears might be present. Bulls would need to show consecutive buying to show they are back in control.
-Sideways trading: Trading could be sideways to reach 20 EMA on the daily before next move is decided.
So far, odds favour the Bear scenario, the longer we stay below the trading range, the more likely bears are will get their bear leg.
- Scalp idea for the day traders:
Currently, theres an extending triangle evolving with an inside wedge top, this could be a sign bears are stepping in again. Bulls did not show strength at start of day, they got two small legs, but were not satisfied, likely to start selling again. Day could evolve into trading range day depending on reaction at day open.
If extending triangle plays out and there's consecutive selling, 155 is the target with 20 EMA acting as resistance.
Peace,
B Setup
BTC can Reach above $100k If It Manages to Break this ... !!As I said, this head and shoulders pattern is fake, and it turned out to be so. Now it can be said that the price is in a wedge, and if a breakout occurs, we will see the price rise above 100k .
previous analysis
and
The Crypto Market Game: How to Win Against Fear and Manipulation
Did you really think profiting from the current bull run (a comprehensive upward market) would be easy? Don't be naive. Do you think they’ll let you buy low, hold, and sell high without any struggle? If it were that simple, everyone would be rich. But the truth is: 90% of you will lose. Why? Because the crypto market is not designed for everyone to win.
They will shake you. They will make you doubt everything. They will create panic, causing you to sell at the worst possible moment. Do you know what happens next? The best players in this game buy when there’s fear, not sell—because your panic gives them cheap assets.
This is how the game works: strong hands feed off weak hands. They exaggerate every dip, every correction, every sell-off. They make it look like the end of the world so you abandon everything. And when the market rises again, you’re left sitting there asking, “What just happened?”
This is not an accident. It’s a system. The market rewards patience and punishes weak emotions. The big players already know your thoughts. They know exactly when and how to stir fear, forcing you to give up. When you panic, they profit. They don’t just play the market—they play you. That’s why most people never succeed: they fall into the same traps over and over again.
People don’t realize that dips, FUD (fear, uncertainty, doubt), and panic are all part of the plan. But the winners? They block out the noise. They know that fear is temporary, but smart decisions last forever.
We’ve seen this play out hundreds of times. They pump the market after you sell. They take your assets, hold them, and sell them back to you at the top—leaving you with nothing, wondering how it happened.
Don’t play their game. Play your own.
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!!
ETHEREUM BULLS. Believe in a wonderful 2025.Ethereum experienced a notable increase of 46% in 2024, yet this rise is overshadowed by Bitcoin (BTC), which surged over 120% during the same timeframe. Additionally, several alternative Layer-1 blockchains, including Solana (SOL) and SUI, have significantly outperformed ETH throughout the year.
Nevertheless, a shift in momentum may be on the horizon for Ethereum. The first quarter of 2025 could usher in a bullish trend for this leading smart contract platform. I've pointed out that ETH is currently forming a bullish Hunt Volatility Funnel on the daily chart, with a target of $6,757 anticipated by April 2025.
A continuation inverse head-and-shoulders pattern has been taking shape over the last 10 months, serving as a well-known bullish signal that hints at a forthcoming price increase.
Historically, Ethereum has seen remarkable growth in the first quarter following a US presidential election. If this trend continues, Q1 2025 might turn out to be incredibly positive for ETH.
The Trump administration is expected to provide clearer regulations and guidance for the U.S. crypto industry. One possible result is that spot-based ETH ETPs may be permitted to stake a portion of the ETH they manage for their investors. The demand for staking is anticipated to grow next year, potentially surpassing half of the total Ethereum supply by the end of 2025. This trend may lead Ethereum developers to seriously evaluate adjustments to the network's monetary policy.
The ETH/BTC trading pair is expected to finish 2025 above 0.06, supported by favorable regulatory developments. An increase from its current low of around 0.03 could trigger the long-anticipated #altseason.
GOLD → Realization of consolidation and retest of resistanceFX:XAUUSD is testing a rather important resistance, a break and consolidation above which will open the way to 2721 - 2726. Technically, gold has entered the buying zone, and the fundamental background supports it
Gold was supported by weak US inflation data, dollar correction and adjusted expectations of Fed rate cuts, as well as hopes for stimulus in China.
Traders' attention shifts to December retail sales and jobless claims in the US. These data will help clarify the Fed's monetary policy outlook. Weakened dollar and lower bond yields support the current growth of gold.
Technically, all eyes are currently on the uptrend and resistance at 2697.8
Resistance levels: 2697.8, 2700
Support levels: 2690, 2678
If gold can consolidate above 2697-2700 and the bulls hold the defense above this zone, we should expect growth in the short and medium term. But do not forget about the news that will be published later.
Regards R. Linda!
AMD: Bullish Falling Wedge Pattern with $200 TargetAMD is forming a clear falling wedge pattern, a powerful bullish reversal setup. The stock has been making lower highs and lower lows within converging trendlines, suggesting accumulation and potential breakout. The pattern suggests strong accumulation phase and the breakout could trigger significant upside momentum.
Key Technical Points:
Clear falling wedge formation with converging trendlines
Declining volume indicating potential trend exhaustion
Entry Point: Current price level
Stop Loss: $100 (key support level)
Target: $200 (psychological resistance)
Risk/Reward ratio is favorable at 1:4, with $80 potential profit against $20 risk.
LQTY/USDT BREAKOUT ALERT: READY FOR 60-80% SURGE!!🚀 Hey Traders! 👋
If this setup gets you hyped, smash that 👍 and hit Follow for game-changing trade ideas that deliver results! 💹🔥
LQTY: Ready for Takeoff! 🚀
LQTY is looking primed for a big move! It just broke out of a falling wedge on the 4-hour timeframe and successfully retested it—setting the stage for a strong rally! 📈 Now’s the time to position yourself for the next leg up.
📊 Trade Setup:
Entry Range: CMP (Current Market Price) and add more up to $1.98
Targets: $2.34 / $2.76 / $3.12 / $3.72
Stop Loss: $1.84
Leverage: Keep it low (max 5x)
💬 What’s Your Take?
Do you see LQTY’s breakout potential? Share your thoughts, strategies, or predictions in the comments below! Let’s ride this wave and bag those profits together! 💰🔥
XRP: Is the $3.00 Breakout the Start of a New Rally!?XRP Token ( BINANCE:XRPUSDT ) , backed by Ripple , a pioneer in international financial transfers, this token has once again captured the market's attention. Is this growth sustainable or just a temporary surge?
Let's take a closer look.
Fundamental Analysis :
1- Legal Advancements(Recent Court Victories) : Ripple has achieved successes in its legal battles against the U.S. Securities and Exchange Commission (SEC), reducing legal uncertainties surrounding XRP and boosting investor confidence.
2- Strategic Partnerships(Collaborations with Major Financial Institutions) : Ripple has initiated partnerships with banks and financial institutions worldwide, especially in Europe and Asia, aiding in the broader adoption of XRP.
3- Increased Utility(Speed and Efficiency in Transactions) : Given its high speed and low transaction fees, XRP is being considered a suitable option for international transfers.
4- Institutional Investment(Approval of Exchange-Traded Funds (ETFs)) : The approval of ETFs related to XRP could lead to increased demand and, consequently, a rise in its price.
5- Leadership Changes(Changes in SEC Leadership) : With Gary Gensler stepping down as SEC Chair and the potential appointment of more crypto-friendly leaders, regulatory pressures on XRP are expected to decrease, potentially aiding its growth.
-----------------------------------------------------------
Now, let's take a look at the Technical Analysis of XRP .
XRP is trying to break the Resistance zone($2.92-$2.68) . However, the $3.00 Resistance level(Round Number) is preventing XRP from continuing to rise.
Of course, with the large volume of the candle breaking the Resistance zone , we can hope for an increase in XRP .
Regarding Classic technical analysis , the Rising Wedge Pattern has failed and will act as a continuation Pattern when a reversal pattern fails. ==>> Educational Tip
According to the theory of Elliot waves , it seems that XRP has succeeded in completing the main wave 3 and we should wait for the main wave 4 . It looks like the main wave 4 can end around $2.85 or $2.74 ( near the upper line of the failed wedge pattern ).
Looking at the chart of XRPBTC ( BINANCE:XRPBTC ) in the weekly time frame , we can see that it seems that XRPBTC has succeeded in breaking the Resistance lines and is currently trying to break the Resistance zone , and if this zone breaks , we can see a further increase in XRP compared to Bitcoin(if the crypto market is bullish ) and vice versa if the crypto market is bearish , we can hope that XRP will experience a smaller decline than Bitcoin.
Based on the explanation above, I expect XRP to rise to at least a Potential Reversal Zone(PRZ) after the pullback is completed .
Note: If XRP returns below the Resistance zone($2.92-$2.68) again, we can expect a further decline of XRP.
XRP Analyze (XRPUSDT), 4-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAGUSD Silver BEARISH - Head & Shoulders and Wedge BreakSilver has two patterns on the Daily TF that indicate a bearish direction ahead.
There is a complete Head & Shoulders pattern and also a Rising Wedge pattern that has been broke. Silver (XAGUSD) has recently had a bullish retracement to re-test both patterns and should start falling soon.
Short-Term TP = $28
Long-Term TP (from Head & Shoulders) = $24.60
Long-Term TP (from Wedge) = $20.70
I expect the short-term TP to be hit at least. The longer-term TP's may or may not be reached. What will probably happen is that the Head & Shoulders target will be reached and Silver will hold up around the $25 level.
NOTE : I personally love Silver and think it's a great long-term investment. I also consider it a highly manipulated market. I am bearish now based solely on the chart, but keep in mind that anything can happen with Silver!
Falling Wedge Pattern: Cocoa FuturesThis is the map of how to trade this rare chart pattern.
This is a textbook sample of Falling Wedge continuation pattern that played out with impressive accuracy.
We have a strong uptrend in 2024 that has been changed
by a large consolidation that took place for the rest of 2024
as it has built the large Falling Wedge (continuation) pattern.
One should focus on the following crucial points and measurements:
1. breakout point where price rises above trendline resistance
it acts as a buy entry trigger (green segment)
2. stop loss - it is located below the lowest valley preceding breakout (red segment)
3. widest part of the pattern - use it to measure the distance to the target adding it to breakout point (blue arc)
4. target (yellow dashed segment)
all of above key parameters are highlighted on the chart.
It's amazing how accurately the price grew towards the target booking over 60% profit.
Next time you can use this map as a guidance.