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Wedge

USDCHFThis chart represents the USD/CHF currency pair on a 1-hour timeframe, likely focused on a technical analysis setup. Key Elements in the Chart: 1. Downtrend Channel - The pair has been moving within a downward sloping channel, marked by the two parallel blue lines. - The price consistently formed lower highs and lower lows within the channel, signaling a bearish trend. 2. Breakout Attempt - The price recently broke above the upper boundary of the downtrend channel. This is typically a bullish signal indicating a potential trend reversal or correction. 3. Target Level - A horizontal blue line is drawn at 0.91524, suggesting this is the target or resistance level for the breakout. This could represent a key level where sellers might step in. 4. Arrows - The upward arrow indicates an expectation of further upward movement towards the 0.91524 level. - This suggests a bullish bias, with the analyst predicting the price to continue rising after the breakout. 5. *Support and Resistance Levels - The recent low of 0.90326 is marked as a support level. - The high at 0.91524 is highlighted as a potential resistance level. Conclusion: The chart indicates that the USD/CHF pair has broken out of a descending channel, signaling potential bullish momentum. Traders might look for confirmation of the breakout and target the resistance at 0.91524, while keeping an eye on the support at 0.90326 to manage risk.
Long
by Dee9549
EURUSDThis chart depicts an analysis of the EUR/USD currency pair on the hourly timeframe. Here's a breakdown of the key elements of the analysis: 1. Ascending Channel - The price action is confined within a clearly defined upward-sloping channel, represented by two parallel blue trendlines. - The lower trendline acts as support, while the upper trendline acts as resistance. 2. Current Price Movement - The price is trading near the middle of the channel at 1.04134. The trend suggests a bullish bias since the price is gradually moving upward. 3. Key Levels - Resistance is near the upper trendline, with the recent high marked around 1.04574. This level could act as a target for further bullish momentum. - Support lies at the lower trendline, which has held the price in previous downward moves. 4. Arrow Indication - The upward arrow suggests that the analyst anticipates the price will rise towards the upper boundary of the channel. - This could signify a continuation of the bullish trend. 5. Potential Strategy - Traders might look for buying opportunities if the price maintains support near the lower trendline or breaks above the recent high of 1.04574. - Conversely, a breakout below the channel's lower boundary might indicate a bearish reversal.
Long
by Dee9549
SHITCOIN - Solana Meme Token - Huge Pump#Shitcoin ( RAYDIUM:SHITCOINSOL_67ZSVE ) is a TRADENATION:SOLANA #Meme #Token. Yeah, I know, the name says it all. However, #Shitcoins have been trending lately, especially the ones deployed on the CRYPTOCAP:SOL #Blockchain. That's why I looked into the mechanics of it... Billions printed, coded, etc. If I was gonna' trade #Memes, might as well go with the one that has the ticker: #Shitcoin. So, by going down the rabbit hole, I became a part-time #Crypto #Degen. #Chads were #Raiding and I watched RAYDIUM:SHITCOINSOL_67ZSVE.USD #Pump to 24 Mil #MarketCap (MC) in 2 days. This literally blew my mind. After all that, it tanked back to 500K MC, but that's quite normal with these #Memes. People cashed in, sold at the tops, reentering at the bottoms again. Friendly Warning on CRYPTOCAP:SOL #Memes DYOR is a must in the CRYPTOCAP:SOL #Meme Ecosystem, so I did my due diligence. Many #Rugs, a lot of uncertainty, scams all over bro... * this idea is not advice, trading #SOL #Memes is dangerous! What ticked my boxes for #Shitcoin ( RAYDIUM:SHITCOINSOL_67ZSVE.USD ) - 10K+ Holders - Active X & TG Community - Token Functionality * Main aspect: Same Developer (DEV) as the infamous MEXC:FARTCOINUSDT , #ATH at 2.6 Billion. #Shitcoin #TechnicalAnalysis - Intermediate Wave (B) (white): Complete - #ElliottWave #Impulse: Wave 1 Complete - #EndingDiagonal: Complete - #Oversold with #BullishDivergence - Fractal Pattern Expectations: Intermediate Impulse Wave (C) (white) to commence. That is because the #Altseaon and #Altcoins are about to start booming. CRYPTOCAP:BTC.D shall make the #Correction, while CRYPTOCAP:TOTAL3 will spike. * more details about this in the related ideas below. My RAYDIUM:SHITCOINSOL_67ZSVE.USD #HODL Levels - Entry @ 600K MC (0.0006 USD) - TP1 @ 10 mil MC (0.01 USD) - TP2 @ 20 mil MC (0.02 USD) - TP3 @ 30 mil MC (0.03 USD) - TP4 @ 40 mil MC (0.04 USD) - TP5 @ 50 mil MC (0.05 USD) Good luck Chad!
SLong
by EW4X
5
Morgan Stanley Breaks Free A Bullish Wedge Reversal in ActionMorgan Stanley (MS) on the 4-hour chart has confirmed a breakout from a descending wedge pattern, signaling a strong bullish reversal. The breakout is accompanied by increased momentum, as indicated by the clean surge above the wedge’s upper boundary. This setup is a classic reversal signal, with bulls reclaiming control. The entry is placed at 137.87, capitalizing on the breakout momentum. The stop loss is strategically positioned at 123.50, below the wedge’s lower boundary, to safeguard against invalidation of the setup. The take profit is set at 155.35, aligning with the wedge’s projected target based on its height. The trade exhibits a solid risk-to-reward ratio, and the breakout aligns with the broader bullish market sentiment for the stock. With buyers driving the price upwards, this trade setup offers a high-probability opportunity for trend continuation.
NYSE:MSLong
by wolfchemist
1
A $CELRUSD Bullish Squeeze Possibility 111%Some general possibilities on a developing textbook descending wedge, bullish squeeze setup with a good looking entry for Degens right here at .0153 and a long target price between .0289 and .0323 for a profit potential of 111.11% This could be explosive, especially if today's candle turns bright green, which is looking like a high possibility with a strong reversal developing on the minutes. Looking really good on the weekly chart for a high performance climb. COINBASE:CELRUSD CRYPTO:CELRUSD
COINBASE:CELRUSDLong
by Hollywood260AB
Bitcoin looks set to reach $113kOn January 15, we noted that Bitcoin was stuck in a wedge pattern and suggested that a breakout would increase the price. The price did break out, reaching as high as $109k, just shy of the $113k target. Since then, the breakout point has been tested twice—once on Monday, January 20, and again on Tuesday, January 21. The breakout point is held, and the pattern remains valid as long as the price stays above $99k. Today, Bitcoin appears slightly overbought in the short term and could pull back to around $103k before resuming its uptrend toward $113k. Fundamentally, the Trump administration has not announced any concrete plans for crypto yet, but it is noteworthy that Trump launched his own MEME coin, just before the inauguration. This suggests a potential move toward deregulation, which would create a more favourable environment for crypto companies to grow. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:BTCUSDLong
by ThinkMarkets
2
XAG/USD Analysis: Falling Wedge Breakout Signals More UpsideAs I mentioned in my previous analysis, I am bullish on OANDA:XAGUSD , in addition to Gold. The price has now clearly broken above the falling wedge’s resistance. Since Monday, this breakout has proven to be genuine, with dips being consistently bought by traders. Currently, the price is facing minor resistance just below the 31.00 level. If this resistance is broken, we could see an acceleration toward my target of 32.00. As long as the 30.00 level remains intact, Silver maintains its bullish outlook, and buying dips should remain the preferred strategy.
OANDA:XAGUSDLong
by Mihai_Iacob
AAVE/USDT at the Brink Will the Wedge Breakout Spark ?This is a daily chart of AAVE/USDT, showing a symmetrical wedge or descending triangle pattern formi Pattern Structure The chart shows a series of lower highs and higher lows, confined within two converging trendlines. The price is approaching the apex of the structure, suggesting a potential breakout soon. Current Price Action The price is near the upper trendline at $360.06, indicating a test of resistance. There is a recent rejection at the upper boundary, suggesting sellers are defending this level. Trend This is occurring within a larger bearish context (from the visible left part of the chart), as indicated by the lower highs in the pattern. Key Levels Resistance Around $405, corresponding to the upper boundary of the pattern. Support Around $265, the lower boundary of the pattern. Breakout Levels A breakout above $405 could signify bullish momentum, targeting levels such as $465 or beyond. A breakdown below $265 would open up the potential for a bearish move, possibly targeting $205 or lower. Trading Considerations Breakout Potential A breakout above the resistance trendline would need to be accompanied by strong volume to confirm bullish sentiment. Similarly, a breakdown below the support trendline should be confirmed with high volume for bearish continuation. Risk Management If entering a position near these boundaries, stop-loss levels should be placed slightly beyond the opposite trendline to minimize risk. False breakouts are common in wedge patterns, so monitoring retests of breakout levels is crucial. Market Sentiment The sentiment in the cryptocurrency market and any fundamental news related to AAVE may influence the next move.
Long
by wolfchemist
LTC Breaking the Wedge Path to $150+Pattern The price is confined within a falling wedge, gradually narrowing towards the apex. Current Situation The price is testing the upper trendline, indicating an attempt at a breakout. Potential Action A confirmed breakout will be signaled if a 4-hour candle closes above the trendline. Target A breakout from the wedge could drive the price towards $150+, as the wedge's height suggests potential upward movement. Stop-Loss Placing a stop-loss below the recent swing low or the wedge's lower boundary can manage downside risk. This setup suggests waiting for confirmation before entering a long position to capitalize on the expected bullish momentum.
Long
by wolfchemist
Digimarc Corp Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Digimarc Corp Stock Quote - Double Formation * A+ Set Up)) At 46.00 USD | Subdivision 1 * 1st Numbered Retracement | Uptrend Bias & Entry Settings - Triple Formation * 012345 | Wave Count | Subdivision 2 * 2nd Numbered Retracement | Support Area | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:DMRC
by TradePolitics
AVAX Can harness gaming for a great second cycle!Avalanche ( CRYPTOCAP:AVAX ) is an innovative Layer 1 blockchain designed to compete with Ethereum in terms of smart contract capabilities, scalability, and transaction speed. Launched in 2020, it has quickly gained traction among developers looking to create decentralized applications. With its compatibility with the Ethereum Virtual Machine (EVM), developers can effortlessly write smart contracts in Solidity, facilitating a smooth transition from the Ethereum ecosystem. The Avalanche network leverages subnets to enhance its transaction capacity, boasting the ability to process up to 6,500 transactions per second (TPS). Additionally, it features a limited supply and operates on a deflationary model. Ethereum has yet to dent Bitcoin dominance and ignite a widespread altcoin season. Currently, the sentiment surrounding ETH is at a historic low, and its price remains well below its previous peak. This situation creates a unique chance to transform fiat currency into investments in top blockchain projects, AVAX being a good example, enhancing one's investment portfolio. @TheCryptoSniper #HVF #HuntVolatilityFunnel
Long
by BallaJi
3
SONIC Analysis - What Shall we Expect !!!The price is within an ascending wedge and this can be a bullish signal for SONIC. However, we need to wait for this wedge to be broken and then wait for the price to rise. Currently, the price can be bearish because more funds have been injected into Bitcoin to allow Bitcoin to find more stability in the coming days. 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
2
NZDCAD - Follow the Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈NZDCAD has been bearish trading within the falling wedge pattern in red. Currently, NZDCAD is approaching the upper bound of the wedge. Moreover, the green zone is a strong structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green structure and upper red trendline. 📚 As per my trading style: As #NZDCAD is around the red circle zone, I will be looking for bearish reversal setups (like a double top 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
Short
by TheSignalyst
4
Corrective Wave and Chart Pattern Analysis - RSI TFW DivergenceCorrective Wave Structure a ABC Analysis pattern in TFW timeframe Observations: A bullish divergence is evident in the momentum near the support zone indicating weakening bearish momentum, the end of wave C, and a potential reversal to the upside. Analysis: - Wave A: completed descending channel retraced 61.8% of previous uptrend with 5 wave diagonal pattern - wave A.1 the shortest and wave A.3 is the longest. - Wave B: retraced 61.8% of Wave A with an extended flat 3 wave abc pattern - wave B.c extended 261.8% of B.a - Wave C: A descending triangle /ending diagonal pattern is visible within Wave C current extending 61.8% of Wave A. Support: - The Green zone (liquidity support) around 4.50 THB is significant, acted as a strong support level multiple times in the past. - A breakdown below this zone could lead to further downside (red arrow scenario) while holding above it might trigger a reversal (green arrow scenario). Breakout: - Resistance levels marked by Wave B’s high 6.4+ THB and intermediate levels around 4.9+ THB are critical breakout moving average 20 week dynamic resistance zone. - An upward breakout past these levels would confirm the end of the corrective phase and the start of a new bullish impulse wave. Potential Scenarios: Bullish Case (Green Arrows): TP1: Price holds the liquidity support zone and breaks above 5.50 THB (near-term resistance). TP2: A successful retest of 6.50 THB Wave B zone could lead to a new bullish wave formation. RRR: 3:1 Bearish Case (Red Arrow): A break below the liquidity support zone 4.50 THB would confirm continued bearish pressure. Price could target lower levels, possibly extending toward 3.50 THB or beyond. Action: + Look for bullish confirmation with a breakout above descending triangle (ending diagonal) resistance 4.80 THB zone + Watch for volume surge volume profile indicator to validate the reversal trigger. + Monitor price action near the liquidity support zone 4.50 THB. + Accumulate only if the support holds and momentum confirms a bullish reversal. Always trade with affordable risk, respect your stop.
SET:NERLong
by dukeposh
XRP Price Surge: 40M Token Binance Move and Bullish Wedge in FocXRP, the cryptocurrency closely associated with Ripple Labs, has recently experienced notable upward price movement, prompting discussions within the cryptocurrency community.1 While the market is influenced by a complex interplay of factors, a significant transfer of 40 million XRP to the Binance exchange, coupled with the emergence of a bullish technical pattern—a new wedge—has drawn particular attention.2 This article delves into these factors, exploring their potential contribution to XRP's current trajectory. Recent Price Action and Market Dynamics XRP's recent bullish trend unfolds within the broader context of the cryptocurrency market. This market is susceptible to various influences, including overall market sentiment (often tied to Bitcoin's performance), regulatory developments, technological advancements within the blockchain space, macroeconomic conditions, and specific news related to individual projects like Ripple. Understanding this context is crucial for analyzing XRP's price movements. The 40 Million XRP Transfer to Binance: A Closer Look A key event coinciding with XRP's price appreciation is the transfer of 40 million XRP tokens to Binance, a leading cryptocurrency exchange.3 This substantial transfer, valued at approximately $124.8 million based on prevailing market prices at the time of the transfer, was detected by Whale Alert, a service that tracks large cryptocurrency transactions.4 These "whale" movements, due to their sheer size, can significantly impact market dynamics, although the nature of the impact can vary.5 Potential Implications of the Transfer: Several potential implications arise from such a large transfer to an exchange: • Increased Liquidity and Trading Activity: Transferring a large volume of XRP to Binance inherently increases the token's liquidity on that exchange. Higher liquidity generally leads to tighter bid-ask spreads, making trading more efficient.6 The increased availability of XRP on Binance could also stimulate higher trading volumes, potentially contributing to price volatility, though not necessarily a price increase in itself. • Facilitation of OTC Trades: It's essential to consider that large transfers to exchanges don't always signify immediate selling pressure on the open market. These transfers can also facilitate Over-the-Counter (OTC) trades, where large buyers and sellers negotiate transactions privately, using the exchange as an intermediary for settlement.7 • Market Perception and Speculative Trading: Large transfers can influence market perception and trigger speculative trading. The perception that a major player is moving XRP to an exchange can be interpreted in various ways, leading to both buying and selling pressure based on speculation about the intent behind the transfer. • Exchange Listing or Market Making Activities: In some cases, large transfers to an exchange can be related to listing agreements or market-making activities, where the exchange or a designated market maker ensures sufficient liquidity for the token. The Emergence of a Bullish Wedge Pattern: A Key Technical Indicator Beyond the on-chain activity represented by the transfer, a significant development in XRP's price action is the formation and triggering of a bullish wedge pattern. In technical analysis, a wedge pattern is a converging trendline formation that signals a potential reversal in price direction.8 A falling wedge, specifically, is considered a bullish pattern that indicates a potential upside breakout.9 • Identifying the Wedge: A falling wedge is characterized by two converging trendlines, with the upper trendline declining more steeply than the lower trendline. This pattern suggests that selling pressure is weakening, and buyers are gradually gaining control. • The Breakout and Confirmation: The crucial point is the "breakout," which occurs when the price decisively breaks above the upper trendline of the wedge. This breakout is often accompanied by increased trading volume, confirming the strength of the reversal.10 In XRP's case, this breakout has recently occurred, triggering the pattern and suggesting further upward momentum.11 • Price Target Implications: Technical analysts often use the height of the wedge at its widest point to project a potential price target after the breakout.12 This provides a rough estimate of the potential upside movement. Combining On-Chain Data and Technical Analysis: While the 40 million XRP transfer provides insights into on-chain activity and potential market dynamics, the emergence and triggering of the bullish wedge offer a crucial technical perspective. The combination of these two factors strengthens the case for a potential sustained upward movement in XRP's price. Other Contributing Factors: It's crucial to acknowledge that other factors may also contribute to XRP's price increase: • Overall Market Sentiment: The general sentiment in the cryptocurrency market plays a significant role. A bullish overall market can lift most cryptocurrencies, including XRP.13 • Ripple's Legal Developments and Business Activities: Any positive developments regarding Ripple's ongoing legal battles or its business activities, particularly in the realm of cross-border payments, can positively influence XRP's price. • Regulatory Clarity: Increased regulatory clarity regarding cryptocurrencies, especially in key markets, can boost investor confidence and drive up prices.14 Conclusion: XRP's recent price increase is likely a confluence of factors. The 40 million XRP transfer to Binance could have contributed to increased liquidity and trading activity, potentially facilitating OTC trades or influencing market perception. However, the emergence and triggering of a bullish wedge pattern provide a strong technical signal of potential further upside.15 These factors, combined with overall market sentiment, Ripple's developments, and regulatory news, create a complex but potentially positive outlook for XRP. As always, investors should conduct thorough research and exercise caution when making investment decisions in the volatile cryptocurrency market.16 The combination of on-chain data and technical analysis provides a more holistic view than either approach in isolation.
CRYPTOCAP:XRPLong
by bryandowningqln