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Wedge

AMC to jump 1700% with move to $90 in 2024?There is evidence for such a move. On the above 5 day chart price action has corrected 99% (August 2023 share split accounted for). A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. This breakout occurs after 1071 days of resistance. 2) Market participants are opening up long positions on every test of the golden ratio. See daily chart below. You have to look left until early 2021 to see a repeat of this behaviour. 3) The falling wedge is used to forecast a target area. Oddly enough that target area is matched by the top of the downtrend channel. Is it possible price action continues the downtrend? Sure. Is it probable? No. Ww Type: trade Risk: <=3% Timeframe for long: sooner than late Return: 1500% at least Golden ratio test (green line)
NYSE:AMCLong
by without_worries
41
EURO - Price can bounce down from resistance area to $1.1100Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price made upward impulse from $1.1025 level and reached $1.1165 level, after which corrected. Then price entered to wedge, where it made a fake breakout of $1.1165 level and started to decline to support line of wedge. Euro reached support line, it bounced up, thereby exiting from wedge, and then rose to $1.1135 points. Next, price started to trades in another wedge, where it first declined to support area, where it reached support line. After this, price made a fake breakout of $1.1025 level and in a short time rose to $1.1165 and made a fake breakout again. Now, price trades very close to this level, and I think EUR can bounce down to $1.1100 from resistance area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
Bitcoin can rebound from support zone and start to growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price traded inside the range, where it at once rebounded from the buyer zone to the bottom part. After this, it turned around and rose back, and some time traded between 58000 level. Soon, the price broke this level, thereby exiting from the range and later entering the wedge, where it turned around from the resistance line and started to decline. In a short time, BTC declined to the buyer zone, where it reached the support line of the wedge. Then, the price started to grow from this line and rose from the buyer zone, but later it made a correction to the support line, after which turned around and continued to move up. Later BTC reached 62600 current support level, which coincided with the support zone and broke this level. Next, the price reached the resistance line of the wedge and then rebounded down. A not long time ago Bitcoin exited from the wedge and now trades inside the support zone. In my mind, BTC can decline to support zone and then start to move up. For this reason, I set my TP at 65500 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
Honestly, I don't feel like explaining, the chart says it all !!As you can see, MATIC has created an ascending Triangle and is also located in the Broadening wedge . , which means that if it breaks, we expect the price to reach the top of the Broadening wedge . ✨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!!
MLong
by CobraVanguard
2
ETH: This May Be Your Last Chance Before Exploding to UpsideAs I mentioned in the previous analysis, Ethereum can experience significant growth after breaking out of the wedge, which indeed happened. Now, we can set the target at 2800. If this zone is broken, the price can reach the top of the megaphone pattern. Previous Analysis ✨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!!
COINBASE:ETHUSDLong
by CobraVanguard
7
BITCOIN: This May Be Your Last Chance Before Exploding to UpsideBitcoin can go up to 65k to complete the wedge, but every uptrend has to be corrected, that's the nature of the market . if wedge broken i expect the price can falling to 61K ! And we have to wait for failure so that the wedge is not broken, as if there is no wedge! ✨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!!
Short
by CobraVanguard
2
Euro can start to decline from resistance line of wedgeHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price entered to upward wedge, where it at once turned around from the support line and rebounded up to the 1.1000 support level, which coincided with the support area. After this movement, the EUR made a correction movement and then bounced up higher than the 1.1000 level, breaking it, but soon turned around and declined below. Then price started to grow and later reached the current support level, which coincided with one more support area. Soon, EUR broke this level and reached the resistance line of the wedge, but then it at once turned around and declined to the 1.1000 support level, breaking the 1.1140 level again. Also, the price reached the support line of the wedge again and after this, it turned around and bounced up to the 1.1140 level. This level price broke a not long time ago and at the moment it trades near the support area. In my opinion, the Euro can reach the resistance line of the wedge and then start to decline to the support line, breaking the support level. For this reason, I set my TP at 1.1065 points, which coincides with the support line of an upward wedge. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
DODO Secondary trend. 02 09 2024Logarithm. Time frame 3 days (less is not needed). The price is in a horizontal channel, at the support zone, near the capitulation zone and liquid zones, which can give a massive triggering of long stop loss under the channel. A descending wedge (secondary trend) was formed by the decline from 03/13/2024. Its breakthrough is a trend break. The chart shows two average, not maximum targets for breaking the descending wedge (secondary trend) for orientation: 🟢 1) maintaining channel support and not entering the capitulation zone. 🔴 2) entering the capitulation zone. ______________________ The previous idea (wedge and work in the accumulation channel) for this coin and a similar trading situation that was published more than a year ago before the reversal (about +200%) DODO/USDT Secondary trend. Accumulation channel 08 2023 _____________________ The prices are currently acceptable from the standpoint of both the secondary trend and the main one. ⚠️ Due to the rather low liquidity, capitulation zones are extensive on such cryptocurrencies due to price slippage. Remember this and work wisely with the margin, and it is better to work with such cryptocurrencies only on the spot. 🟢 In the long term, this DEX will be heavily pumped up. Now they are pouring in a lot of money. The network has grown by 200% in users in a few months. This is all happening unnoticed against the background of the negative local fall of bitcoin. Linear price chart. Main trend. Time frame 1 week. DODO Main trend 09 2024
by SpartaBTC
7
#LTCUSDT #4h (ByBit) Broadening wedge breakout & retestLitecoin pulled back to 50MA support where a bounce seems likely, eventually leading to a bullish continuation. ⚡️⚡️ #LTC/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (7.0X) Amount: 4.8% Current Price: 72.06 Entry Targets: 1) 71.83 Take-Profit Targets: 1) 80.39 Stop Targets: 1) 67.54 Published By: @Zblaba CRYPTOCAP:LTC BYBIT:LTCUSDT.P #4h #Litecoin #PoW litecoin.org Risk/Reward= 1:2.0 Expected Profit= +83.4% Possible Loss= -41.8% Estimated Gaintime= 5-10 days
Long
by TradingOn
#EGLDUSDT #1D (ByBit) Big falling wedge breakoutMultiversX (f.k.a. Elrond eGold) looks good for bullish continuation on daily after regaining 50MA support, road to 200MA resistance seems next. ⚡️⚡️ #EGLD/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 5.0% Current Price: 35.91 Entry Targets: 1) 34.56 Take-Profit Targets: 1) 48.29 Stop Targets: 1) 27.68 Published By: @Zblaba CRYPTOCAP:EGLD BYBIT:EGLDUSDT.P #1D #Elrond #eGold #MultiversX multiversx.com Risk/Reward= 1:2.0 Expected Profit= +79.5% Possible Loss= -39.8% Estimated Gaintime= 1-2 months
Long
by TradingOn
2