long setup TNSR/USDTaccording to this (possible) jesse livermore accumulation cilinder it could go up fast. also it could drop... but as long point 7 stays above 1 its still valid.
CHEERS !
Wedge
USDJYP - Technical Analysis [Short Setup]🔹 USDJYP Analysis on 4H chart
- The current Trend is BULLISH
- There is BEARISH divergences
- Reversal pattern is present which is rising wedge
🔹 Trade Plan For 1HR
- Entry Level = 149.093
- Stop Loss = 149.656
- TP1 = 148.545
- TP2 = 147.982
- TP3 = 147.397
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
- Third TP is 1:3
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
- Take 1% risk entry with 1:3 RR
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EURO - Price can make retest, after exiting, and continue growHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A few moments ago price entered to rising channel, where it reached $1.1080 level and broke it.
Then price some time rising in channel, until it reached resistance line, after which price started to decline.
In a short time, EUR exited from rising channel and continued to decline inside wedge, where it soo broke $1.1080 level.
Later, price fell to support line of wedge and then tried to grow, but failed and continued to decline.
After this, Euro broke $1.0905 level and fell to support line, but recently price bounced up, thereby exiting from wedge.
Now, I think that price can make a retest and then bounce up to $1.0940, thereby breaking resistance level.
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GOLD NEED TO SEEM SELL CORRECTION
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BTCUSD : Correction after DiagonalBTCUSD is Entering a New Uptrend, but a Slowdown May Occur
In recent weeks, BTC's upward movement has not been very aggressive, and selling pressure has been consistently present.
Currently, BTC appears to be in the 5th wave of a Leading Diagonal. However, a slowdown may happen soon due to the following technical signals:
The price is hitting a major descending trendline.
The price is slowing down after encountering an FVG (Fair Value Gap) on the H4 timeframe.
AO (Awesome Oscillator) is showing divergence, starting from smaller timeframes up to the H4.
If a slowdown occurs, BTC may retrace to the 50% or 78.6% Fibonacci levels, which are targets for the Diagonal.
Note: Price zones are only significant areas that affect price movement.
XAUUSD : ATH (Almost TOP Here)XAUUSD (Gold) Continues to Reach New All-Time Highs
Gold prices have been surging aggressively over the past week.
At present, gold appears to be forming one of two potential patterns:
In the correction phase of Wave 4, with the following possibilities:
Expanded Flat
Triangle
Running Flat/Triangle
If this is the case, the price may consolidate for a while before hitting a new all-time high (ATH) again towards the end of the year.
Currently in Wave 3 of Wave (5):
In this scenario, the price may have a small pullback before quickly reaching a new ATH. After that, a larger correction phase is likely to occur by the end of the year.
For now, more weight is being placed on the first scenario. However, if the price breaks above the B-wave of the Expanded Flat at 2375, the second scenario will be favored immediately.
Note: The first scenario is more likely because, on a larger scale, the price has already reached the target of Wave (5), even though the smaller waves have not fully completed. Close monitoring is required.
Rising wedge breakdownLiterally no ne will see this on TradingView, but I'm still going to post it.
Bookmark this: it's over.
Precious metals alpha is taking over the reigns from sh*tcoin beta (bitcoin).'
Massive rising wedge breakdown at the same time as weekly EMA30.
The History of Global Net Liquidity RhymesThe History of Global Net Liquidity Rhymes
Descending wedge pattern leading up to 2020 vs the one forming now.
Altseason Alert: Watch This Bitcoin Dominance Pattern Closely!Hey everyone!
If you’re enjoying this analysis, don’t forget to hit the 👍 and follow for more updates!
We’ve all been waiting eagerly for one thing—the Altseason! I know it can be frustrating hearing "Altseason soon" while altcoins seem to be moving sideways. But remember, the longer we wait, the bigger the rewards could be when it finally arrives.
Now, let's dive into the Bitcoin Dominance chart, because Altseason largely depends on it.
As you can see, dominance is forming a rising wedge pattern on the daily time frame and is currently showing rejection from the upper trendline. If we get a strong rejection here followed by a breakdown, it could be the spark that kicks off an incredible Altseason.
The key here is patience. Stay strong, hold your altcoin bags, and get ready for the big move!
Let's discuss it! What are your thoughts on Bitcoin Dominance and the potential for an altcoin season? Share your analysis in the comments below.
NEIROUSDT → Someone's interested in the coin. Consolidation...BINANCE:NEIROUSDT is a rather interesting coin, which looks quite promising and stronger than the general market. Consolidation is forming on the background of the bullish trend. A good hint of the trend continuation...
The coin is moving in steps. The pullback is forming the lower boundary of further consolidation, the purpose of which is to accumulate the potential for the continuation of the trend. Exceptionally bullish character of the movement...
Emphasis on the borders of the current consolidation 2.182 - 1.835. The extreme support retest ended with the confirmation of the accumulation boundary without updating the local minimum, which indicates that the correction (most likely) is coming to an end. The reason indicating the readiness of the price to leave the accumulation and move to the realization phase will be a prolonged trade near the resistance.
Resistance levels: 0.002182
Support levels: 0.0018355
Consolidation continues, I am waiting for the moment when the coin sticks to the resistance and starts to consolidate between 2.18 - 2.07. In this case, the coin will move to the formation of a pre-breakout consolidation with the aim to breakout and further growth. I don't exclude the fact that NEIRO may go to 1.517 for liquidity before continuing its growth.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:NEIROUSDT ;)
Regards R. Linda!
NZDUSD ChartNZDUSD Chart
There is Bearish trend. Now, bullish divergence formed also have the Bullish falling Wedge Reversal pattern. So, will take buy entry at the breakout of last LH.
bullish TIA after accumulation 🚀🚀🚀🚀🚀
falling wedge
4.700-5.570 as an entry area
bullish TIA after accumulation
$WOOUSDT Ready for Takeoff: Breaking Out of the Falling Wedge!BINANCE:WOOUSDT recently broke out from a falling wedge pattern and took a small retracement. It’s now starting to move upward again with strong volume behind it. Expecting significant jumps in the coming days as momentum builds! Keep an eye on key levels for potential entries.
GETTEX:WOO Currently trading at $0.186
Buy level: Above $0.185
Stop loss: Below $0.154
TP1: $0.22
TP2: $0.35
TP3: $0.5
TP4: $0.65
Max Leverage 3x
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ETH / BTC Secondary trend. Descending channel. Wedge. 18 10 2024A local wedge-shaped formation has formed in the descending channel in this ETH/BTC trading pair. There is potential for a breakthrough and price growth, to the resistance of this descending channel. Perhaps after consolidation. If this happens, then most of the “long-suffering” altcoins will similarly go up in price, but with a larger %. The local alt season will begin.
This trading pair clearly shows how money flows from one high-cap asset to another. Shown on the chart. Look at the time and the Bitcoin to Dollar chart, at the time of the breakout of the symmetrical triangle of the distribution zone downwards (weakness of Ethereum relative to Bitcoin). Since then, Bitcoin has grown in price by almost +200%. While Ethereum relative to Bitcoin has weakened by as much as -50%.
Now there is a reverse flow of bitcoin into ether, and some alts, for about 1.5 months already. Then, the money will flow into a variety of alts, which will consequently be reflected in their prices a little later. Today is a significant date 18 10 2024. There are 18 days left until the US presidential election.
Remember, about this, where this zone is in the main trend.
Gold will start to decline to support level inside wedgeHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few days ago entered to range and started to trades inside. In the range, Gold reached the support area, which coincided with the support level, and then made a correction movement to the bottom part of the range. After this, the price made a fake breakout and in a short time rose to the 2530 level and broke it, thereby exiting from the range pattern. Next, the price a little rose, after which made a small correction and then continued to move up inside the wedge. In the wedge, the price reached the current support level, which coincided with the support area and the resistance line of the wedge, after which turned around and started to fall. Gold declined to support line of the wedge and then continued to grow and soon reached the 2680 level, broke it, and made a retest. The price bounced and rose to the resistance line of the wedge, where continues to trades close to this day. So, in my opinion, Gold can little grow higher than the resistance line and then start to decline to the support level. Also, I think the price, after falling to the support level, will break it and continue to decline, therefore I set my TP at 2660 points. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can make correction and then continue to riseHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to wedge, where it at once declined from resistance line to support line.
Also, it broke $58900 level, but later BTC backed up and broke this level one more time, after which made a correction.
Then price in a short time rose to $65800 level, and even entered to support area, but then bounced down.
Price exited from wedge and then started to trades inside triangle, where it fell to support line first.
After this movement, BTC started to grow and soon reached $65800 level, broke it, and now trades close support line.
Possible, price can exit from triangle, fall to support area, and then bounce up to $71500
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AUDUSD - bearish wedgeThe phycological level 0.67100 is a holding resistance with confluence from the bearish wedge forming up to this level. This is a pullback. I am expecting the overall downtrend to continue after the breakout of the bearish wedge.
$RGNX - approaching the end of falling wedge pattern
Analysts forecast $40
Falling wedge pattern approaching it's end
Resistance 1: $13 --> R2: $16
FILUSDT → Weakness in altcoins will manifest itself in decliningBINANCE:FILUSDT after a false breakdown of the 3.800 range resistance is giving signs towards the continuation of the decline. The coin is in a global and local downtrend and there are no reasons to change direction. The focus is on the support of 3.688.
Altcoins are extremely weak on the back of bitcoin's strong rally. The dominance of the flagship is currently at record highs, and the altcoin season has not arrived and apparently will not come anytime soon.
Bitcoin is testing strong resistance zones and cannot grow all the time. Any short-term reaction can affect the entire cryptocurrency market, which will color the coins in the red.
Support levels: 3.688
Resistance levels: 3.800
Technically, relative to 3.688 a descending triangle is forming after a false breakdown of the range resistance. It is a rather strong conglomerate.
Breakout of 3.688 and price consolidation below this area will provoke further selling and price decline to 3.4 - 3.3
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:FILUSDT ;)
Regards R. Linda!
XPT Surges as EMAs Align with Bullish Chart PatternH ello!
XPT broke out from a falling wedge (See green trendlines!) formation with strong bull power, as the MACD shows. It wasn't against expectations since falling wedge chart patterns usually break upward. It's often a bullish formation. Thus, MACD and chart patterns align with a bullish outlook. Furthermore, the price is above EMAs (20/50/100/200). EMAs crossed upward on the 24th of September. Seemingly, nothing stands in the path of bulls until the green target circles. However, stay vigilant and don't go all in.
Regards,
Ely
Sold 1/2 Bitcoin. Raised Stops.Even though we did not reach my 1:2 rrr target, nor did my sell signal fire off, I am choosing to take 1/2 of my Bitcoin profit here, raise my stops, and hold the remainder of the position. I should’ve done this at 68k, but wanted to see how this market would handle the top of our channel.
All along the big resistance target I have discussed has been 68k. I still believe we could break through it, however, the chart is beginning to disagree. Inside of my descending channel (which is bullish long-term) we have this ascending wedge pattern beginning to form (this is bearish). If correct and it plays out, it would take us all the way down to 48k. Sound significant? Yeah, that’s ‘cuz it is!
You’ve heard me discuss 48k many times in the past. It is the neckline of a larger inverse head and shoulders pattern seen on the weekly chart below. We wicked down once in an attempt to kiss and retest. But that may not have been enough tongue action for these bears?
Mark this wedge out on your charts and watch it closely. It is significant. And if it breaks? To 48k we’ll go.
Bitcoin can make correction and then continue to growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few days ago entered to wedge, where it at once rebounded from the resistance line and dropped to the support line of this pattern. Also, the price broke the 59000 level, which coincided with the buyer zone, but later BTC turned around from the support line and in a short time rose to this level and broke it. Then it made little correction to the buyer zone, after which continued to move up to the 65300 current support level, and even entered to support area, but soon turned around and fell below, making a fake breakout. Price tried to grow, but failed and dropped to the support line of the wedge, which coincided with the 59000 level, and then made a strong impulse up to the resistance line of the wedge pattern. Also, BTC broke the 65300 level, after which made a retest inside the support area, and now the price trades near the resistance line of the wedge. So, in my opinion, the price can make correction to the support area at first and then it will rebound up, exiting from the wedge. Next, I think, it can continue to grow, therefore I set my TP at 71K points. Please share this idea with your friends and click Boost 🚀
GOLD - Price can exit from wedge and fall to $2625 levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A not long time ago price fell to $2625 level and then bounced up to $2665 level, after which started to decline inside channel.
In falling channel, price some time reached $2665 level, but couldn't break it and later Gold fell below $2625 level.
Price exited from falling channel and started to grow inside wedge, where it broke $2625 level one more time.
Later price made a gap and made correction to support line of wedge, after which bounced up to resistance line.
Also, price broke $2665 level, and at the moment it continues to grow near resistance line of wedge.
So, I think, Gold can rise a little, exiting from wedge, and then bounce down to $2625 support level.
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