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Solana Name Service (FIDA) — a 45x opportunityNote that the project was previously known as Bonfida but renamed to Solana Name Service. Price action has been building some structure on an important support level since July. Weekly RSI has stabilized at 40 and is moving sideways. Falling wedge breakout against Bitcoin: Max target is at $10 which gives up to 4500% potential. Also, since it's a Solana ecosystem project, it gives indirect exposure to Solana which is a great thing considering all the hype around it. Like the idea? Boost it! Have an opinion? Leave a comment!
CRYPTO:FIDAUSDLong
by function_mechanic
3
BITCOIN - Price can start to decline inside rising channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price entered to rising channel, where it reached $61800 level, broke it, and continued to move up. Price reached resistance line, then it turned around and started to decline and soon exited from channel. Next, price continued to decline in wedge, where it declined lower than $61800 and $55700 levels, breaking its. Then BTC reached support line of wedge and then started to grow inside another rising channel. In this channel, price broke $55700 level and at the moment it trades near resistance line of channel. Possible, BTC can reach resistance line of channel and then start to decline to $55500 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
MUST SEE: The Perfect Setup - How to Make 50 %!Hey Future Demons I'm back again, and we don't have time to waste, so let's jump right into the TA. I want to spoil you today with the perfect setup. Everything aligns. It is beautiful. Its almost too good to be true. Let me make it very clear though, than nothing is certain when it comes to trading. I will put a 70 % credence on this setup though (Bayesian Reasoning). This is Neutron (NTRN). 1. We are in a huge descending wedge, which a bullish pattern (Perfect ABCDE) 2. The volume is dropping, which is what usually happens before we see a spike. It is also a sign, that traders slowly have been accumulating the coin. 3. Look at the RSI. We have clear bullish divergence. 4. The same goes for the MACD. Bullish divergence and a MACD-cross, which means that the Bulls finally are ready to take over. Kind Regards Laplace's Demon PS. Remember to LIKE and FOLLOW. I will continue to provide you with quality content, and my mission is to teach you how to outsmart the Elite, the big whales and Wall Street. Market Psychology is my biggest strength.
Long
by Lapl4cesDem0n
VANRY/USDT: FALLING WEDGE BREAKOUT! READY FOR 150% PUMP!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! VANRY looks good here. It breaks out from the falling wedge-like structure in the daily time frame and a retest is also done. Buy some here and add more in the dip. Entry range:- $0.086-$0.096 Targets:- $0.115/$0.145/$0.187/$0.232 SL:- $0.067 What are your thoughts on VANRY's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
Euro can rebound up from wedge to 1.1120 resistance levelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price rose inside the upward channel, where it reached the buyer zone, which coincided with the support level and some time traded in this area. Then, the price broke the 1.0830 level and soon reached the resistance line of the upward channel, after which turned around and in a short time declined to the support line of the channel and at once made impulse up, making a fake breakout of the 1.0830 support level. Next, the price continued to move up and later reached a resistance level, which coincided with the seller zone. After this, the price exited from the channel and broke even 1.1120 level, and then rose a little higher seller zone, but soon turned around and started to decline inside the wedge. In this pattern price broke the resistance level and declined to the support line, after which at once rebounded up to the 1.1120 level and then continued to decline. Now Euro trades near the support line of the wedge and in my opinion, it can rebound up from this line to the resistance level, thereby exiting from the wedge pattern. That's why my TP is located at the 1.1120 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
HelenP. I Gold will break resistance level and continue move upHi folks today I'm prepared for you Gold analytics. A few moments ago price declined to the trend line and then started to grow inside the wedge. In this pattern, Gold quickly rose to the support level, which coincided with the support zone, some time traded in this area, and later broke the 2475 level. After this movement, XAU rose to the resistance level, but at once turned around and fell back to the support level. Soon, the price rose to the 2525 level again, which coincided with the resistance zone and some time traded near, after which made a correction movement to the support level, which coincided with the support line of the wedge too. Next, the price at once rebounded up to the resistance level, then soon bounced and fell back, but not long time ago it in a short time rose back to this level. Now, I expect that XAUUSD will break the resistance level, exiting from the wedge too, and continue to move up. For this case, I set my goal at 2560 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
4
RUNE/USDT: LOOKS READY FOR A 100% PUMP!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! RUNE looks good here. Breaking out from the falling wedge pattern in a 12-hour time frame and currently retesting the wedge. Buy some here at this retest level and add more in the dip. Targets:- $4.96/$7.22/$8.88 SL:- $3.18 What are your thoughts on RUNE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
1
MultiversX (EGLD) Falling Wedge AlertMultiversX is showing a classic falling wedge pattern on the daily chart, a bullish reversal setup that suggests a potential breakout to the upside. Over the next year, swing targets point towards the previous all-time high (ATH) range of $500-$600, offering a long-term bullish opportunity for traders. Key Technical Highlights: Pattern: Falling Wedge (Bullish) Current Price: ~$25-$30 Breakout Target: $80-$120 (Initial swing target based on wedge height) Long-Term Target: $500-$600 (Previous ATH from 2021) Time Frame: 12 months (swing trade target) Why this setup looks strong: Converging Price Action: Price action is tightening, with lower highs and lower lows inside the wedge, suggesting that a breakout is likely imminent. Volume Decline: A typical feature of falling wedges is decreasing volume, indicating consolidation before a potential breakout. RSI Divergence: RSI shows bullish divergence, adding strength to the argument that sellers are losing momentum. Strategy: Entry: Consider entering on a confirmed breakout above $35-$40 with strong volume. Stop Loss: Set below $20 for risk management in case of a failed breakout. Targets: Short-term: $80-$120 (based on wedge height) Long-term: $500-$600 (previous ATH in late 2021) This setup presents a promising risk/reward ratio for long-term investors looking to swing trade MultiversX. Keep an eye on key breakout levels and confirmation signals. This is not financial advice. Always perform your own research and trade responsibly.
CRYPTO:EGLDUSDLong
by STP_MrNodeItAll
Icpusdt Trading opportunityThe ICPUSDT pair has shown promising signs of emerging from a possible downward trend, with the price encountering a substantial resistance zone around the $15.40 level. A modest pullback is anticipated at this point, which is likely to precede a bullish momentum. We have identified the retracement target, which is where we aim to re-enter the market. Additionally, we have accounted for a key support level near the $4.67 threshold. Our intermediate and ultimate price objectives have been outlined on the provided chart. It is crucial to monitor the immediate resistance level closely; should it be breached, we recommend entering a position as the asset retraces to this level, which is expected to act as support, with our established targets in mind. We welcome your thoughts and endorsements on this analysis. Thank you for your engagement.
by weslad
14
Assessing Gold's Direction Through Asia Tuesday 10 Sept. Gold & the way it moves reminds me of the famous Pacman-game of the 1980s. Those were the days because not many of us were forward thinking enough to see and look into the future about how incredible gaming would become. We were happy with games like pacman and space-invaders. I get all the 'gaming' I need from Trading the markets. Please see my chart. It is possible that Gold will dip as it is moving in a rising wedge and right at the top right corner golly-gosh would you believe, which means Pacman may want to head south and chew up some Stops. After all it is nearly lunchtime in Australia presently, Later.
EIGHTCAP:XAUUSDLong
by Easy_Explosive_Trading
1
EUR/AUD SHORT Euro Weakness : The European Central Bank (ECB) is expected to maintain a dovish stance, with potential rate cuts extending into 2025 due to weak economic growth and persistent inflation concerns. This, coupled with fragile economic recovery in the Eurozone and political uncertainties in key countries like France and Italy, is likely to keep the Euro under pressure. Weak manufacturing data further adds to the downside risk for the Euro. Australian Dollar Resilience : Despite economic challenges, the Reserve Bank of Australia (RBA) maintains a tightening bias, which creates a favorable rate differential compared to the ECB. While weak commodity prices have affected the Australian Dollar (AUD), Australia's export-driven economy, particularly in metals and energy, may provide support if China's economy stabilizes. Additionally, the AUD could benefit from any improvement in global risk sentiment.
by kierianf
2
BTCUSD: Descending Broadening Wedge Pattern and $100K TargetThe Descending Broadening Wedge pattern has unique characteristics compared to the Falling Wedge or Flag patterns. While the Falling Wedge and Flag patterns feature converging lines that taper to a point, the Descending Broadening Wedge widens from left to right, indicating increasing market volatility over time. This pattern forms when the price moves within an expanding range, creating a downward-sloping resistance line and a support line that also declines at a steeper angle. I have identified an intriguing Descending Broadening Wedge pattern on BTCUSD. The chart clearly depicts this pattern through a series of lower highs, depicted by blue arrows, and lower lows, depicted by black arrows. The price tends to rebound between the support and resistance lines, with these rebounds depicted by orange arrows. To confirm a bullish move, it is crucial to wait for a price breakout above the resistance line of this pattern. A breakout from this resistance will signal a momentum shift and could serve as a strong indicator of a price surge, depicted by the green arrow, with the target for this price surge being the psychological level around $100,000.
COINBASE:BTCUSDLong
by DNP-FX
1
Bold Maverick vs. Cautious Rabbit: XAUUSD Wedge Breakout BattleMaverick Approach: As a Maverick, you're always looking for opportunities to make aggressive moves when the risk/reward seems enticing. Here's what stands out: Retracement into a Key Support Zone: The price is pulling back near the lower support channel and hovering around 2,498.860, just above the earlier consolidation zone. A Maverick would see this as a potential buying opportunity, betting that price will bounce off this support level and move back toward the previous high around 2,531.861. Given the structure, it's a chance to enter a long trade while the market is still within the rising wedge. Action: Jump in for a quick buy at this level, looking to ride the bounce. Your bold side may put a take-profit target near the ATH or just shy of it, around 2,525 to avoid getting caught in the resistance zone. Stop-Loss Strategy: To protect from a breakdown, you'd want to place a tight stop-loss just below the wedge, around 2,490. The Maverick thrives on action, but with controlled risk in case the price falls. Rabbit Approach: The Rabbit focuses on digging deeper into the structure, ensuring everything is aligned before taking a position. Here’s how the analytical approach works: Rising Wedge and Bearish Implications: The rising wedge pattern you're trading within is typically a bearish signal. This pattern suggests a potential breakdown, especially if the price doesn't hold the current support level. The Rabbit would want to see multiple confirmations that buyers are stepping in before entering long. Waiting for a strong reaction or a higher low at the wedge boundary (around 2,490-2,495) would be ideal before considering a position. Caution: Be wary of a break below the wedge, which could signal a bearish continuation back down to 2,470.907 or even lower. Consolidation Zones for Reentry: The Rabbit would focus on the previous consolidation zone around 2,470.907, treating this as a potential re-entry point for longs if the price breaks the wedge support. That zone has shown strong buying pressure, making it a safer play. Plan: If price revisits this zone with a strong bounce, it would offer a much lower-risk buy with a greater reward potential, aligning with the Rabbit’s need for precision. Combined Strategy: Aggressive Entry (Maverick): Buy at the current level (2,498), targeting a bounce back toward 2,525 or higher, with a stop-loss under the wedge (2,490). This setup is more for short-term profits before any wedge breakdown occurs. Conservative Entry (Rabbit): Wait for confirmation at 2,498 or for a break below to re-enter near the 2,470 support. Ensure that the wedge pattern doesn’t break down entirely before committing to a long trade. Conclusion: For the Maverick: Act now if you see this as a low-risk bounce trade, aiming for quick profits near the ATH, but with the understanding that momentum could shift fast. For the Rabbit: Be patient, observe price action at key levels, and avoid chasing a move that doesn't align with the bigger structure. Waiting for a retest of 2,470 or a clear bounce is your higher-probability play. Whichever archetype you're channeling, stay sharp, and don’t let emotions get in the way!
OANDA:XAUUSD
by MommaPreneur
EUR/USD 4H Analysis: Rising Wedge and Emerging Triangle PatternOverview: EUR/USD on the 4-hour chart has experienced a bearish breakdown from a previously formed rising wedge pattern, followed by a retest of the broken support now acting as resistance. The price action is currently consolidating into a new triangle pattern, suggesting potential indecision or a continuation move. Technical Indicators: - Trend : After breaking down from the rising wedge, EUR/USD briefly retested the broken trendline as resistance. The price action is now consolidating into a triangle pattern, indicating a potential continuation of the bearish trend or neutral consolidation before the next move. - RSI (Relative Strength Index) : RSI is near neutral levels, reflecting the current consolidation phase. - Volume : Volume has decreased during the formation of the triangle, which is typical in consolidation phases and may precede a breakout. Key Levels : - Resistance : The top of the triangle pattern is at 1.1195, which is also the highest point of the previous rising wedge pattern. - Support : The lowest point of the triangle pattern is at 1.0956. Potential Scenarios : 1. Bearish Continuation : A break below the lower boundary of the triangle at 1.0956 would suggest a continuation of the bearish trend initiated by the rising wedge breakdown. We are more inclined towards this scenario given the prior breakdown and retest behavior. - Entry : Consider short positions on a confirmed break below the triangle support at 1.0956. Alternatively, it is possible to enter now at 1.1085, given the bearish inclination and current price level. - Stop Loss : Place a stop loss above the recent highs within the triangle or near the triangle's upper boundary. - Take Profit : Target lower support levels at 1.09500 and 1.08000, which are indicated on the chart, aligning with prior swing lows or significant Fibonacci levels. 2. Bullish Breakout : Although the prevailing trend and our inclination are bearish, a breakout above the triangle’s resistance at 1.1195, which aligns with the highest point of the rising wedge, could signal a potential reversal or correction to the upside. - Entry : Look for long entries on a breakout above the triangle resistance with strong momentum. - Stop Loss : Set stops below the lower boundary of the triangle or recent lows. - Take Profit : The initial targets for a bullish scenario can be set at 1.1190 and 1.1240, aligning with previous resistance zones or Fibonacci retracement levels. Market Context: Upcoming economic events, specifically the release of the Consumer Price Index (CPI), Producer Price Index (PPI), and unemployment claims, could significantly impact the USD. It will be crucial to observe how EUR/USD reacts at the time of these releases, as they could act as catalysts for a breakout from the current triangle pattern or shift the market sentiment in either direction. Conclusion: EUR/USD is at a critical juncture, consolidating in a triangle pattern after the breakdown and retest of a rising wedge. While a breakout in either direction is possible, we are more inclined towards the bearish scenario given the prior breakdown and retest. The trading levels for the bearish scenario, including supports at 1.09500 and 1.08000, are indicated on the chart. It is also possible to enter a short position now at 1.1085, given the current price and bearish setup. Bullish targets are set at 1.1190 and 1.1240, with the triangle's top at 1.1195 aligning with the highest point of the rising wedge, and the lowest point of the triangle at 1.0956. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Past performance is not indicative of future results. Always conduct your own research or consult with a professional before making trading decisions. Thank you for following our analysis! We hope this insight helps with your trading decisions. — RisingStarFrX
Short
by RisingStarFrX