Get started

Wedge

Euro will make move down and then rebound up from wedgeHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price declined to mirror line and then started to grow. In a short time, the price broke the 1.1000 level, made a correction to the resistance area, and then continued to move up to the seller zone. When it reached this area, the price soon turned around and dropped to the mirror line. Euro some time traded near this line and then fell to the 1.1000 level, breaking the mirror line. Also then, the price started to trades inside the wedge, where it first rose between the mirror line to the seller zone again. When the Euro reached this area, it turned around and made a downward impulse, thereby breaking 1.1175 and 1.1000 levels, after which made retest and continued to fall to the support line of the wedge. At the moment, the price trades very close to the resistance line of the wedge, so, for this case, I think that the Euro can little decline and then rebound up, thereby exiting from the wedge. For this case, I set my TP at 1.095 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
Palladium 50% move up break out of wedge and over 200 EMABullish case, price sitting over 200 EMA and broken out of the wedge it was in If the reported shortages in the supply are true as demand is higher than current worldwide production then its positive for the price Price does not need to stop it could go back to ATH and over if supply cannot meet demand for over 200% gains which might be a short squeeze and get there quickly. Bearish case price will move back into extending the wedge pattern and for further consolidation
TVC:PALLADIUMLong
by William_Playfair
Weekly BTC UpdateDate: October 19, 2024 Bitcoin has maintained relative strength above 65,000 USD, but has been unable to decisively break above the 70,000 USD psychological resistance. The market is clearly respecting liquidity pockets and major order flow zones, which continue to play a pivotal role in the market's direction. Resistance: - 69,000 USD and 70,000 USD (40% of Order flow) - significant short-side liquidity will be collected if those levels get broken down Support: - 65,000 USD (Local support) and 62,500 USD (Strong Support): Elliot Waves: - According to EW theory there shall be finishing of Wave 1-5 cycle Strategy Outlook - Bullish Scenario: A strong move above 70,000 USD could trigger a rapid push toward 74,592 USD, especially with the order flow concentration there. A break above this could lead to new highs, with minimal resistance above. - Bearish Scenario: Failure to break 69,950 USD could lead to a rejection and a correction back to the 65,000 USD support, especially if the A-B-C correction plays out. Breaking 62,500 USD would signal deeper weakness and likely invite more selling pressure.
BITSTAMP:BTCUSDLong
by fondOrange28771
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 Like and subscribe to never miss a new idea! ✌🏼
Short
by Bountysoul
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. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
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.
ICMARKETS:BTCUSDShort
by nexus_trader
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.
ICMARKETS:XAUUSD
by nexus_trader
1
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.
CRYPTOCAP:BTC.DShort
by CoreCrypto1
7
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!
Long
by RLinda
1
$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 Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
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.
Long
by SpartaBTC
1
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 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
1
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 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon