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EURUSD → ATH update, false breakdown, but there are nuances...FX:EURUSD continues to strengthen, updating the December 2023 ATH and forming a false breakout that could form a small correction before a possible rise. . The key level is 1.1123, as well as the high of 1.1173. The struggle for the lower level continues, bears are not letting the price up, expecting to capitalize on the correction before the news. The focus is on Powell's speech, which will take place at 14:00 GMT. His tone, prerequisites and comments could set a strong medium-term backdrop for the markets. Technically, 1.1075 has formed a pool of liquidity that could be of interest to MM. But we need to watch price behavior, a small correction and a retest of resistance or consolidation near the level will be a good signal that the bulls are ready to go higher. Resistance levels: 1.1123, 1.1173 Support levels: 1.1047, 1.1009 The price is currently in the consolidation phase. The correction may start, but if the price turns to retest 1.1123, it is worth considering a breakout strategy and further growth. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Long
by RLinda
4
With break patternHere is an analysis of the Dogecoin (DOGE/USDT) chart📊 Key Levels: 1. Support Base : Around 0.09371 USDT , this area acts as a significant support where the price has previously bounced back. 🛡️ 2. Resistance Levels : - The chart shows 0.10791 USDT (marked as TP-2) acting as a resistance point, which has been tested several times. ⚔️ - Higher target levels (TP-3 at 0.11360 and TP-4 at 0.12016) indicate potential for bullish movement if the price continues upward. 📈 Pattern: - Again Pattern : The chart highlights an "again pattern," suggesting a potential repeating price structure near the 0.10791 USDT resistance zone. This could be a reversal or rejection point. 🔄 - Trendlines : A downtrend is drawn from the top near the resistance, connecting lower highs, making it a critical point to watch for a breakout. 📉 - Consolidation : Price seems to be consolidating near the trendline, which typically indicates a potential breakout. 🔍 Potential Strategy: - Entry Point : Current price around 0.10223 USDT shows consolidation near a key trendline. A breakout above this trendline could signal a bullish move. 🚀 - Risk/Reward : The suggested "Save profit in R/R=2" indicates a risk-to-reward ratio of 2:1, targeting higher levels (TP-1: 0.10541, TP-2: 0.10791). 💰 - Stop Loss : The red zone around 0.10059 USDT indicates a stop-loss area, below the current consolidation, protecting against downside risks if the price fails to break out. ❌ Conclusion: This chart presents a bullish outlook if Dogecoin breaks above the trendline. A potential breakout could lead to targets near 0.10791 USDT or higher. However, caution is necessary if the price drops below the 0.10059 USDT stop-loss level. ⚖️ --- 📊 Analysis by AhmadArz 🔍 Entry : 0.1035 🛑 Stop Loss : 0.1005 🎯 Take Profit : 0.1054, 0.1077, 0.1136, 0.1201, 0.1260 --- 🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz." 💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets. 🚀 Please boost and 💬 comment to share your thoughts with us!
Long
by ahmadarz
Honestly, I don't feel like explaining, the chart says it all !!If it closes below the midline this week, price may see the bottom of the channel. maybe... ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
by CobraVanguard
SOL → Accumulation in the bullish trend continues ↑BINANCE:SOLUSDT after the shakeout relative to resistance and triangle support continues to consolidate again on the background of the bullish trend. The priority of the figure is the continuation of the current trend. The strong fall due to fundamental reasons: the US unemployment rate, profit-taking and panic are quickly bought back, bringing the coin back into the range, which in general hints us at a strong bullish component of the market. After a retest of 162.45 resistance, a correction is forming, 0.5 fibo may be tested, or trend support before further upside. Emphasis on triangle resistance, a retest or pre-breakout consolidation may be formed before a breakout. Support levels: 141.2, 136.7, 126.4 Resistance levels: 162.45, 188.32 Fundamentally, the menet has a good potential. Technically, the price is in a sideways movement, but against the background of a global bullish trend. After consolidation, a distribution is formed and our task is to understand in time when this distribution can start... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;) Regards R. Linda!
Long
by RLinda
9
$BTCUSD, rally into rate cuts?BITSTAMP:BTCUSD has been coiling for some time now in a right angled descending broadening wedge. A measured move of this cone so far would place BTC at right around ~$100k. This aligns well with historical performance of BTC heading into a cutting cycle. If we rally into September and have a selloff following the cuts (sell the news), I wouldn't be shocked. This is a pattern that has happened in multiple years of the previous QE/QT Cycle (2016/2017, 2019/2020). The real fireworks will be in 2025 if things go according to the FED's schedule
BITSTAMP:BTCUSDLong
by httpz
MultiversX (EGLD) potential long at falling wedge breakoutMultiversX ( EGLD CRYPTO:EGLDUSD ) currently has a FALLING WEDGE chart pattern testing the lower-highs downtrend again amid a surging bullish sentiment in the crypto and stock markets following Jerome Powell's dovish speech at the Jackson Hole Symposium. I believe there is a short-term long-position opportunity if the bullish momentum sustains with enough volume and EGLD breakout from this pattern. Falling Wedge is a pattern with historically 70% bullish outcomes in finance markets. The swing trade targets the region between $42 (currently marked by the 365-day exponential moving average) and $51, an area of high short-selling liquidity. Potential returns from the breakout can go up to 50%. There is potential support at $29, marked by the 30-day EMA, but also at $28 and $25, at key levels with relevant buying pressure. The community has been pushing an #EGLDSqueeze movement on X that appears to be gaining traction. I've also been positioning myself in the project with a long-term goal, and I believe MultiversX has one of the most solid fundamentals in the cryptocurrency market today. It is the first blockchain to fully implement the sharding technology. As a pioneer, the chain benefits from battle-tested scalability, among other innovative developments, like on-chain two-factor authentication (2FA). The network has one of the largest validator’s node counts among its competitors, only closely losing to Ethereum (ETH). Additionally, the coin has a maximum supply of 31 million EGLD that transaction fees can replace as its usage increases. NFA.
CRYPTO:EGLDUSDLong
by vinibarbosa
BTC pushesBTC has built a support around the area of interest I highlighted (58k) that last flush destroyed tons of leverage in the market in both directions. We now look to 67k to test this channel yet again, this will be the 6th attempt. I would love to see a test, rejection to the teal fib then retest, this would make me more bullish. -Short term 67k next week whether its a wick or body -medium term testing the purple momentum trend about 72-73k -I still stand by 75-80k by the first week of October
BINANCE:BTCUSDLong
by Apollo_21mil
2
Gold can continue to move up inside upward wedgeHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price entered to upward channel, where it first fell to the support line from the resistance line, after which rebounded up. Soon, the price broke the 2355 level, which coincided with the buyer zone, and then continued to move up inside the upward channel. Later Gold reached the resistance line exited from the channel and even entered to support area, after which turned around and made a correction movement. Price fell to 2355 level and at once rebounded up back to the current support level and then bounced down. As well then the price started to grow inside an upward wedge, where it in a short time rose to the 2475 level, then made little correction, after which it rebounded up, breaking this level. After this, XAU reached the resistance line and then dropped to the support level. But a not long time ago started to grow, so, I think that Gold can little decline and then continue to move up in a wedge. Therefore I set my TP at 2555 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
2
BITCOIN - Price can bounce up from wedge to $70K pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price declined in falling channel, where it broke $65000 level and fell to $57900 level. Then price broke this level too, also exiting from falling channel and entering to wedge, where it fell to support line. Next, price at once made upward impulse to resistance line, breaking $57900 level again and then made correction. Price some time traded near this support level and later started to grow to resistance line of wedge. In a short time, BTC reached this line, which coincided with resistance level and at once fell little below. I think that Bitcoin can fall almost support line and then bounce up from wedge to $70000, breaking resistance level too. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
NOT → hold ithello guys. let's analyze Notcoin. BINANCE:NOTUSDT Technical Analysis Descending Wedge: The price has been moving within a descending wedge pattern, typically a bullish signal that could lead to a breakout. Breakout Potential: The price is nearing the wedge's top line, indicating a possible breakout. If the price breaks out, it could rally towards the first target of $0.0200. Hunt Area: The price found support in the "hunt area," which suggests accumulation and potential for upward movement. Final Target: The overall target, if the bullish momentum continues, is set around $0.0268. Bullet Summary Pattern: Descending wedge suggests bullish breakout potential. Immediate Target: First target at $0.0200 upon breakout. Support: Price supported in the hunt area. Final Target: Aiming for $0.0268 if momentum sustains. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
5
Fetch A.I. nearing the top trendline of its falling wedgeNot sure how long it will take it to break upward from this wedge so the measured move line and breakout target is currently placed in an arbitrary location that will obviously need adjusted to wherever it legitimately breaks up from. Not exactly sure how this chart will be effected by the merger of fetch, singularity nd the other ai chain merge. Wil have to wait and see. Will update this chart whenever we get a legitimate breakout. *not financial advice*
COINBASE:FETUSD
by DrDovetail
3
KLAYUSDT → Transition from bearish to bullish trendBINANCE:KLAYUSDT is entering the distribution phase after exiting the accumulation. The price is resting at the range boundary, but there are prerequisites indicating a possible continuation of growth Emphasis on the key level of 0.1600. I like the accumulation formed near the level. The key aspect, to forge a further scenario with the purpose of opening entry, I expect a retest or accumulation under the level, which will mean that the coin is ready to go even higher. On W1 the coin is still in consolidation and is not going to bottom, on D1 the price is breaking the resistance of the wedge, a pattern capable of reversing trends. Resistance levels: 0.1600 Support levels: 0.5, 0.7 fibo, 0.1246 Technically, such a rise may be followed by a correction either to the local lows on H1 or to the Fibo zone, but a quick retest will increase the chances of a breakout and growth. But, if the bulls manage to go beyond 0.160 and form a consolidation, the growth may start much earlier. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:KLAYUSDT ;) Regards R. Linda!
KLong
by RLinda
2
Technical Outlook on XAU/USD: Rising Wedge and Ascending Channel1. Daily Chart (D1) Pattern Observed: There is a noticeable ascending channel forming. The upper boundary is marked by a series of higher highs (HH), and the lower boundary is marked by higher lows (HL). Resistance Zone: The chart indicates a key resistance around the 2,540–2,560 level, highlighted by the upper trendline of the ascending channel. Support Levels: Key support zones are marked around 2,267 (Weekly LQZ) and 2,353 (4HR LQZ), which coincide with significant price action in the past, potentially serving as strong support areas in case of a pullback. Market Behavior: The market is currently testing the upper trendline resistance of the ascending channel. A rejection from this level could indicate a potential reversal or a pullback to the lower boundary of the channel. 2. 4-Hour Chart (H4) Pattern Observed: The 4-hour chart also shows a more defined rising wedge pattern, which is typically a bearish reversal pattern when it forms in an uptrend. The price is trading near the upper resistance line of this wedge. Liquidity Zone: An important liquidity grab/rejection area is marked around 2,476, which aligns with previous price consolidations and rejections. This area could serve as a strong inflection point where price could either rebound or break below, leading to a deeper correction. Highs and Lows: A series of higher highs (HH) are visible, but the formation of a recent lower high (LH) could signal the start of a potential reversal if the price fails to create a new higher high above the previous peaks. 3. 1-Hour Chart (H1) Pattern Observed: The 1-hour chart presents a more detailed look into the price action within the wedge. The price action is currently within a tightening range, reflecting indecision and possible consolidation before a breakout. Support and Resistance: Near-term support is identified at the liquidity zone around 2,476, and the resistance aligns with the upper boundary of the wedge pattern. Potential Setup: A bearish divergence could be developing, given the price action nearing resistance while momentum indicators (not shown here) might start to flatten or decline. 4. Multi-Time Frame Analysis Higher Time Frame Influence: The weekly flag pattern identified on the daily chart is influencing the overall bullish bias. However, the rising wedge pattern on both the daily and 4-hour charts suggests caution as a potential bearish reversal could occur. Key Decision Zones: If the price breaks above the upper boundary of the wedge, it would likely aim for the next resistance levels around 2,560 and possibly beyond, towards 2,600+. Conversely, a breakdown below the wedge's lower boundary could accelerate selling towards the 2,353 and 2,267 levels, where major liquidity zones reside. 5. Trading Strategy Insights For Long Positions: Consider entries upon a confirmed breakout above the upper boundary of the ascending channel/wedge, targeting the next significant resistance levels. Utilize tight stop losses to minimize risk in case of a false breakout. For Short Positions: Look for bearish confirmation such as rejection from the upper boundary or a breakdown below the support trendline. Potential targets would be the 4HR LQZ and the Weekly LQZ, with stops above recent highs to protect against unexpected volatility. Conclusion: The current price action suggests a critical juncture where the Gold Spot (XAU/USD) is at a significant resistance area. Traders should watch for a breakout or breakdown from the wedge pattern on the 4-hour and daily charts to determine the next directional move. Keep an eye on volume and momentum indicators for confirmation, as well as news events that could influence gold prices.
OANDA:XAUUSD
by Adlercon333
DYDX Possible 100% TradeKUCOIN:DYDXUSDT Possible Break and Retest of 114 and BINANCE:DYDXUSDT could do more than 100%. Buildup at current levels will provide nice protection for placing stops. On Failure can short to support with divergence ideas. CRYPTOCAP:BTC rules the altcoins but when it's moving sideways, there are interesting opportunities that one has planned for. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n
BITCOIN - Price can little correct and bounce up of the triangleHi 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 declined to support line, which coincided with support level. Then price in a short time rose to $63400 level, broke it, and later reached resistance line of wedge. After this movement, BTC made downward impulse, exiting from wedge and breaking $63400 and $54400 levels. Next, price entered to triangle, where it made upward impulse from support line to resistance line, breaking $54400 level again. But then BTC made a correction movement, after which started to grow, and now it trades near resistance line. Possibly, price can little fall and then bounce up to $66000, exiting from triangle and breaking $63400 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
13
EURO - Price can fall from support line of wedge to $1.1000Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to rising channel, where it at once broke $1.0735 level and some time traded in support zone. Later EUR reached support line of channel and then bounced up to resistance line of channel, breaking $1.0735 level. Also, price made a gap, after this, Euro exited from channel and entered to wedge, where it fell to support line at once. After this, price made upward impulse from support line of wedge, higher than $1.0945 level, breaking it. Price some time traded between this level and a not long time ago bounced up to resistance line of wedge. Now, I think that Euro can rise to resistance line and then bounce down to $1.1000, exiting from wedge pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon