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Wedge

BiTcoinThe corrective scenario is valid only if the $89,308 support zone is fully mitigated. After a single liquidity sweep into this level, we anticipate a bullish retracement targeting the $106,225 price range, where sell-side liquidity is expected to be tapped. Following this, a bearish continuation toward the $84,000 zone is likely. If the $89,308 support zone remains unmitigated and the $101,195 resistance zone is fully cleared, the probability of revisiting lower levels becomes invalid for now. That said, considering the current market structure and order flow, the bearish scenario appears more probable, but confirmation is still required. What’s your perspective on this?
Short
by BiTBingo
HelenP. I Gold will touch trend line and then start to declineHi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price reached the resistance level, which coincided with the resistance zone, broke it, and rose to the trend line. Then Gold started to decline inside the wedge and soon broke the 2690 level, after which dropped until to the support level and even lower the support zone to 2584 points (support line of wedge) and then turned around. Some time, the price trades below the support level and tries to break it, but it does this on the third try. Then Gold rose a little and made a correction to the support level, after which rebounded and started to grow to the resistance level. When XAU reached this level, it broke it and touched the trend line, after which made a correction movement, breaking the resistance level one more time. Then it turned around and rose to the resistance level one more time and touched the trend line again, after which started to decline. In my mind, XAUUSD will reach the trend line one more time and then continue to decline in the wedge. For this case, I set my goal at 2660 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
2
Bitcoin can make movement up and then drop to 93600 levelHello traders, I want share with you my opinion about Bitcoin. The chart shows how the price rose to the support level, which coincided with the buyer zone, broke it, and continued to move up. Later BTC corrected to the support level, after which rebounded up to 103500 points, after which it dropped to the 90400 level, thereby starting to trades inside the pennant. Also then, the price turned around and made an impulse up from the support line of the pennant and rose to the resistance level, which coincided with the seller zone, after which corrected the support line. Then BTC rebounded and in a short time rose to the resistance level again and this time it broke it and continued to move up to the resistance line of the pennant. When the price reached this line it exited from the pennant and reached new ATH (108K points) and then made a downward impulse inside the downward wedge. Price broke 100000 with 93600 levels and fell to the buyer zone, where it reached the support line of the wedge and rebounded from it to the resistance level. Later Bitcoin corrected the support line again and then in a short time rose to the resistance line of the wedge pattern, after which dropped back. Recently price bounced from this line, broke the 93600 level, and now continues to grow. For this case, I expect that the price can make one more move up and then correct the 93600 support level. That's why I set my TP at this level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
BTC on the Edge Falling Wedge Breakout & CPI Impact Awaited !The chart shows Bitcoin (BTC/USDT) on the 4-hour timeframe, moving within a falling wedge pattern The falling wedge pattern is a bullish continuation/reversal formation, where the price compresses within converging trendlines. BTC has been respecting the pattern's boundaries, suggesting a potential breakout. The immediate resistance zone at $97,200 has been tested multiple times, but the price has faced consistent rejections, indicating strong selling pressure in this area. For a bullish breakout, we need a 4-hour candle close above $97,200. If this happens, it could trigger a strong upward momentum, with a target potentially extending towards the $104,000 region, aligning with previous highs. The presence of CPI (Consumer Price Index) data release today adds an external factor of volatility. Economic data like CPI can significantly impact the market sentiment, especially in crypto, as it reflects inflation levels and can influence risk-on or risk-off market behavior. Traders should exercise caution and consider these key factors Monitor the wedge breakout closely. Await a confirmed 4-hour candle close above $97,200 before entering a long position. Use proper risk management, as the market is expected to be volatile due to the CPI data. BTC is on the verge of a potential breakout. However, external factors like CPI data can amplify volatility. Wait for confirmation and trade cautiously.
BINANCE:BTCUSD.P
by wolfchemist
GOLD → What could trigger a fall?FX:XAUUSD is forming a false breakdown of the key resistance and as a consequence - passes into the phase of realization of the bearish pattern “Wedge”. If the general background persists, the price will be able to update the lows.... On the back of upcoming inflation data (PPI and CPI), traders have reduced expectations of a Fed rate cut to one this year. Forecasts point to a rise in PPI, which could strengthen demand for the dollar and cause a correction in gold prices. However, the weak data has the potential to push gold to $2,705. Additionally, markets are watching Trump's policies and the possible introduction of new US tariffs, which could affect the dynamics of gold. Despite inflation risks, the metal has corrected from a one-month high, remaining a key hedge against inflation. Technically, we have a correction forming after a false breakdown. Quite an important phase in the market. If the bears can keep the price below 2675 - 2681, the decline will continue in the short to medium term. Resistance levels: 2675, 2681, 2690 Support levels: 2667, 2656 At the moment the price is testing 0.5 fibo, on the background of the secondary retest the zone can be broken (I do not exclude a false breakout and consolidation below 0.5 fibo, which will also lead to a fall) and the price will head to the retest of the imbalance zone, which can put pressure on gold. The most likely scenario is a retest of the zone of interest 2675 - 2681 before further decline Regards R. Linda!
FX:XAUUSDShort
by RLinda
31
From H&S to a wedge pattern, what are the targets?Bitcoin has repeatedly tried to break below the 91k level, confirming a head-and-shoulders pattern, but all attempts, including the latest where the price dropped strongly below the support level, failed. What pattern could we work with if we are not dealing with a head and shoulders? As it stands, we are now dealing with a falling wedge. The price has bounced off the lower boundary five times, supporting this view. Falling wedges typically lead to a continuation of the previous bull trend. How can we trade it? A breakout above the falling trend-line, connecting the December 17th and January 7th highs (currently around 100k), would confirm the pattern. Ideally, the price would first test the 100K level and turn lower from the trend-line, forming a more substantial setup before breaking higher. Further confirmation would come from a break above the January 7th high of 102.82k. If successful, the pattern targets a move to 113.19k. 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:BTCUSD
by ThinkMarkets
Analysis XAU/USD (Gold)**Analysis XAU/USD (Gold)** 1. **First touch:** - Occurred at **2750**, where price dropped over **2000 pips** down to **SSLL**. ⚡️ - This strong reaction shows significant selling pressure, a key moment to consider selling opportunities. 📉 2. **Second touch:** - Reaction was smaller. - Price held **support** at **2583**, previously **resistance**. 🔄 - Transition from **resistance** to **support** suggests a possible price improvement and a potential upward move. ⬆️ 3. **Third touch:** - Smaller reaction, but indicates a potential shift in market direction. 🔄 - This could signal a **bullish** trend, potentially aiming for a new **All Time High** if price breaks **2727**. 💰🚀 --- **Key Zone (2619-2630):** - Strong support and accumulation zone. 🔑 - Could offer strong buying opportunities if price stays within this range. 📊 --- **Blue Line (2658-2656):** - Potential support level. - If price holds here, it may signal buying opportunities. 💡 - Liquidity could form at **2645**, described as a **SUPPORT CANDLE**, a potential signal for buying. 🕯️ --- **Conclusion:** If price stays above **2658**, it could signal a strong buying opportunity, with potential for an upward move towards a new **All Time High**. 📈💥
FOREXCOM:XAUUSDLong
by popsbanks
KASBTC Break Out Incomming?KASPA has been bleeding agains BTC for the better half of a year and has clearly formed a bullish falling wedge structure in the KASBTC Pair. KASPA vs Stables has been trading in a range for 14 months with the range low coming in around 0.10 and the range high around 0.19 based of Volume Profile. Is KASPA about to bottom out against BTC and start another huge move that greatly outperforms its BTC pair? for this to happen we would have to also see a break of this 14 month range to the upside and we can only expect the move to be extremely violent considering the amount of time the asset has consolidated. KASUSDT Macro indicators are all oversold with the weekly stochastic RSI touching true zero for the fist time since the asset was trading for 0.015. with a potential higher high in the Stochastic wave and in the weekly price action I am looking for Bullish Convergence to print shortly after KASPA moves back above 0.128. Additionally the Weekly MACD moving averages is set to print a lower low tonight while KASPA price action trades in a small higher high range printing large time frame Bullish Divergence on the MACD. Obviously I am watching BTCUSDT closely to avoid getting into a position that looks good technically but maybe lost simply from the over all market moving down. But, I don't see how BTC doesn't continue in the next week as Trump takes office and the FED continue to move towards one of their two scheduled rate cuts. Regardless KASPA at its current price of 0.118 is an excellent buy with fibonacci targets as high as 0.51 for a range break out. I expect any price break down from this current level to be bought up very quickly.
Long
by AlexSpicer94
ONDO/USDT Falling Wedge in Play Is it Set to Soar?Pattern The chart is forming a Falling Wedge pattern, which is typically a bullish reversal structure. Key Levels to Watch Support Zone Lower trendline support around $1.05. Strong horizontal support near $1.00, making this a potential entry point for long positions. Resistance and Target If a breakout occurs, the expected upside target is $1.60+, with further momentum possibly driving the price even higher. Insights The falling wedge narrows as price action consolidates, indicating reduced bearish strength. A breakout above the upper trendline would confirm a bullish move. Trading Strategy Look for confirmation of breakout or bounce from $1.05 or $1.00 before entering. Set stops below $1.00 to manage risk. Potential profit taking levels could be around $1.60 or higher depending on market momentum. This chart signals a promising bullish setup. Monitor closely for breakout confirmation to capitalize on the potential upward move.
Long
by wolfchemist
1
Gold can exit from wedge and rebound down from resistance levelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price entered to downward wedge, where it at once started to decline and soon reached a resistance level, which coincided with the seller zone and broke it. Next, the price continued to fall and later declined to support line of the wedge, breaking the support level as well. But when Gold touched the support line, it at once made a strong impulse up to the seller zone, breaking the support level one more time. Then price little grew higher than the seller zone, after which it turned around and made a correction to the support level, breaking the 2690 level one more time. After this, Gold some time traded near the support level and then backed up to the seller zone rose higher than this area again, and then rebounded down to the support line of the wedge. Then price turned around and started to grow and in a short time rose almost to the resistance line of the wedge. So, in my opinion, Gold can exit from the wedge, reach resistance level, and then start to decline. For this reason, I set my TP at 2620 points, which coincides with the support line of the wedge. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
11
Revolve Group, Inc. 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 # Revolve Group, Inc. Stock Quote - Double Formation * 25.00 USD | Area Of Value * Continuation Argument)) At 27.50 USD | Subdivision 1 - Triple Formation * 012345 | Completed Survey | Short Set Up | Subdivision 2 * (Neckline) At 32.50 | Subdivision 3 * Daily Time Frame | Entry 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 | Sell
CAPITALCOM:RVLVShort
by TradePolitics
GOLD (XAUUSD): Intraday Analysis & Bullish Outlook As I posted earlier, Gold successfully violated a significant horizontal intraday/daily horizontal resistance. Retesting the broken structure, the market continued growing. The price started to respect the boundaries of a rising wedge pattern. I believe that we can anticipate a further bullish continuation within that next week. The final destination for the buyers is 2716 resistance. With a high probability, it will be reached soon. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
6
KSMUSDT Setup: Will Bulls Step In, or Are We Heading Lower?Yello, Paradisers! Are you keeping an eye on KSM? This setup is shaping up for either a strong bullish recovery or a critical breakdown—and it all hinges on one key support zone. Let's break it down! 👇 💎KSMUSDT is currently showing a proper retracement within a descending channel, which typically signals a high probability of a bullish move ahead. But here’s the catch: the bulls need to reclaim momentum from a critical support zone before we see a confirmed reversal. 💎If KSMUSDT grabs liquidity below and forms a bullish I-CHoCH (Internal Change of Character) on the lower timeframes, it will greatly increase the likelihood of a strong bullish move. 💎However, if we see panic selling or a deeper retracement, we can expect a bounce from the stronger support zone below. At that point, look for bullish patterns like a W formation or an inverse head and shoulders on lower timeframes to confirm the move. 💎If KSMUSDT breaks down and closes a candle below the strong support zone, this will invalidate our bullish idea entirely. In that scenario, it’s best to stay patient and wait for a more favorable price action setup. Stay disciplined, Paradisers! Remember, it’s all about waiting for the highest probability moves. Jumping in too early can cost you—so keep a close eye on how the price reacts around these key zones. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4
Allakos Inc. 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 # Allakos Inc. Stock Quote - Double Formation * ((Wedge Structure)) | Completed Survey * 1.50 USD | Area Of Value | Subdivision 1 - Triple Formation * Numbered Retracement | Subdivision 2 * (Neckline) At 0.85 USD | 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:ALLK
by TradePolitics
Nextera Energy(Extended Hours) | 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 # Nextera Energy(Extended Hours) - Double Formation * ((Wedge Structure)) | Completed Survey * 012345 | Wave Count | Entry Bias | Subdivision 1 - Triple Formation * 88.50 USD | Area Of Value | Subdivision 2 * Numbered Retracement | Subdivision 3 * Daily Time Frame | Behavioural 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 | Sell
CAPITALCOM:NEE
by TradePolitics