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Wedge

EURO - Price can bounce from support line of wedge to $1.1045Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago, the price declined to the $1.0475 level and broke it, after which it declined to $1.0360 points. Then price turned around and started to grow inside the wedge, where it soon reached $1.0475 level and broke it again. Next, Euro made a retest, after breakout and then continued to move up, and later it reached $1.0835 level. Price has some time traded below this level, and then it broke it and reached the resistance line of wedge. After this, EUR long time traded near $1.0835 level and not long time ago it bounced and started to grow. In my mind, Euro can bounce from the support line and then rise to $1.1045 resistance line of the wedge pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
5
HelenP. I Bitcoin can drop of resistance line of wedge to $77800Hi folks today I'm prepared for you Bitcoin analytics. A few days ago, the price surged to 99000 before pulling back to the resistance level, which aligned with the resistance zone. Then, BTC broke through the 89500 level, traded below it for a while, and continued its decline toward the support level, which coincided with the support zone. Following this move, Bitcoin started trading inside a wedge pattern and quickly made a strong upward impulse from the support zone, reaching 94900 and breaking the resistance level once again. However, it soon corrected, dropping back below this level, and after attempting to recover, it failed. BTC then began to decline and, in a short time, fell to the support zone, where it reached the trend line. After bouncing off this level, it started to rise again, eventually making a correction to the support level before continuing its upward movement inside the wedge. At this point, I expect BTCUSDT to reach the resistance line of the wedge before reversing and dropping to the trend line, breaking the support level. Based on this, my goal is set at 77800, which coincides with the trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
5
PIUSDT : Head & Shoulders Signals a Major Drop Incoming!Yello, Paradisers! PIUSDT is flashing strong bearish signals! The price has formed a Head & Shoulders pattern right on the resistance trendline of a descending channel—this combination significantly increases the probability of a sharp move to the downside. 💎PIUSDT breaks below the neckline and closed a candle which validates the bearish setup, increasing the likelihood of further downside. 💎However, We have to wait for the proper retest of the neckline, patience is key for the right entry. 💎On the flip side, if PIUSDT breaks above the resistance zone and closes candle above it, the bearish setup will be invalidated. Stay disciplined and wait for confirmation, Paradisers. A fakeout could trap impatient traders—don’t be one of them! 🎖 MyCryptoParadise iFeel the success 🌴
Short
by MyCryptoParadise
8
OMUSDT → Paranormal behavior. Rally readinessBINANCE:OMUSDT as a whole looks stronger than the market. After a strong rally a correction in the format of a bearish wedge is formed, subsequently the price broke the resistance and is trying to consolidate above the key support Against the background of a weak market OM coin has good prospects as technically someone is interested in this project and the coin as a whole behaves strongly and looks stronger than the market. A breakout of the bearish wedge (consolidation pattern within the correction) is forming. If the bulls keep the coin above the previously broken figure resistance and above the base of the 6.752 reversal pattern, the growth may continue in the short to medium term Resistance levels: 7.39, 7.98 Support levels: 6.752, 6.51 One of the few coins that is rising while bitcoin is falling. Focus on the previously mentioned support levels, as well as on the local resistance 7.05, the break of which may provoke a prolongation of growth Regards R. Linda!
Long
by RLinda
2
GBP/USD Chart Analysis: (1H Timeframe)**Chart Analysis: GBP/USD (1H Timeframe)** **1. Chart Pattern - Rising Wedge 📉** - The price has formed a **rising wedge**, a bearish reversal pattern. - A rising wedge occurs when price makes higher highs and higher lows but within a narrowing range, suggesting weakening bullish momentum. - The price has now broken out of the wedge, signaling a potential downward move. **2. Key Levels & Targets 🎯** - **Current Price:** Around **1.29720** - **EMA Levels:** - **7 EMA:** 1.29767 (Short-term trend indicator) - **21 EMA:** 1.29748 - **50 EMA:** 1.29629 (More reliable trend indicator) - **Bearish Breakdown Targets:** - **First Target (Red Label):** Around **1.2800**, aligning with previous support levels. - **Final Target (Green Label):** Around **1.2650**, suggesting a larger move downward if selling pressure continues. **3. Confirmation of Downtrend? 🔻** - The breakdown below the rising wedge suggests a potential **downtrend continuation**. - The **break below 1.2900** would likely confirm a stronger bearish move. - Volume is increasing on the move down, indicating strong selling interest. *Possible Trade Setups 📊** 1. **Bearish Scenario:** - A short position can be considered if price continues breaking below key EMAs and previous support. - **Entry:** Below 1.2960 - **Stop Loss:** Above 1.3000 - **Take Profit:** 1.2800 (first target) or 1.2650 (final target). 2. **Bullish Reversal Possibility:** - If price **reclaims the wedge** and breaks above 1.3000, it could invalidate the bearish pattern. **Conclusion:** - The **rising wedge breakdown** suggests bearish momentum. - A move below **1.2900** would confirm further downside. - **Watch for volume confirmation** before entering a trade.
Short
by elitetrader9090
Altcoins' Market Cap is About to Reclaim $1 Trillion..!Hello Traders 🐺 In my last idea about Altcoins' total market cap, I talked about the midterm price targets. Now, in this idea, I want to focus on the short-term volatility. As you can see in the chart, the price is already in a falling wedge pattern, and the target of the falling wedge is the top of the wedge. This means we are about to see a nice bounce in Altcoins, which could break BTC.D's upward movement and lead to a bigger correction. In my opinion, in this case, we can also treat this pattern as a bull flag, and the target will vary accordingly. If you want to know more about the price target for TOTAL3, you can check my previous idea, where I also mentioned my final price target for this Altcoin Season. I hope you enjoy this idea! Don’t forget to like and follow! 🚀🔥 🐺 KIU_COIN 🐺
CRYPTOCAP:TOTAL3Long
by Kiu_Coin
2
MARI - PSX - Beginning of a Bull Run MARI is the market leader of PSX. Historically, on time cycles it has shown consolidation period of 43 days before going into a bull run spanning around 32 days. Price after making the falling wedge has broken the structure upwards and now has even crossed the recent Lower High 627.40 as well - which signals a trend reversal towards bull run. Very good volumes are also experienced which are also confirmed by KVO which is a volume-based oscillator (blue line is almost at 60 degree angle going up). RSI is at 70 without any sign of reversal. Therefore, it would be a fair bet that we might see another cycle of bull run which should cross the previous all-time high (900.23) calculated on the basis of AB=CD or Fib based Extension tool. A minor retrace at key levels is expected where one should book profit. Trade Values Buy-1: 649 Buy-2: 630 (if price dips) TP-1: 740 TP-2: 840 TP-3: 900 TP-4: 1030 SL: 535
PSX:MARILong
by Golden_Spur
PIPPIN/USDT: LONG TRADE SETUP!!🚀 Hey Traders! PIPPIN Breakout Alert – Big Move Incoming? 👀🔥 If you’re excited for this setup, smash that 👍 and hit Follow for high-quality trade ideas that actually deliver! 💹🔥 🔥 PIPPIN Breakout & Retest – Time to Pump? PIPPIN has broken out of a falling wedge on the 2H timeframe and is now retesting the breakout level. If this retest holds, we could see a strong rally ahead! 🚀 💰 Trade Setup: 📍 Entry: CMP, add more up to $0.019 🎯 Targets: $0.0225 / $0.0252 / $0.0294 / $0.0334 🛑 Stop-Loss: $0.018 ⚡ Leverage: Low (Max 5x) 🔎 Strategy: Enter with low leverage now, scale in on dips, and ride the momentum to key targets! 💬 What’s Your Take? Are you bullish on PIPPIN’s breakout? Drop your thoughts, analysis, and predictions in the comments! Let’s secure those gains and ride this wave together! 💰🚀🔥
Long
by CoreCrypto1
1
BITCOIN → Short-squeeze 86-89K before falling further to 75KBINANCE:BTCUSD continues to form a downtrend after breaking the bullish structure on the weekly timeframe. There is no bullish driver yet, and technically, the price is heading to the global imbalance zone of 75-73K The past crypto summit and any other talk of cryptovalt support cannot support the market. Such events end with further market decline. Technically, the market continues to form a downtrend (global counter-trend), based on this alone, we can say that the price is now going against the crowd and this is generally logical behavior. Globally, the zone of interest is located in the following zones - 75K, 73K and order block 69-66K Locally, I would emphasize the nearest liquidity zones, located at the top, which can be tested before the further fall: 86697, 89.397 Resistance levels: 85135, 86678, 89397 Support levels: 79987, 78173, 73512 After the false break of 78K support there is no strong reaction, the market is forming a struggle for 84-85K zone, which generally indicates buying weakness. Before the further fall there may be a short-squeeze relative to the above mentioned zones of liquidity, which may lead to a further fall Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
33
Booking Holdings 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 # Booking Holdings Inc Stock Quote - Double Formation * ((Wedge Structure)) | Completed Survey * (Uptrend Argument) | Long Bias Entry | Subdivision 1 - Triple Formation * ABC Flat Feature & Retest Area | Subdivision 2 * (TP1) | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) | Indexed To 100 - Position On A 1.5RR * Stop Loss At 225.00 USD * Entry At 250.00 USD * Take Profit At 290.00 USD * (Uptrend Argument)) & Pattern Confirmation * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
PEPPERSTONE:BKNG.US_24Long
by TradePolitics
D.R. Horton 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 # D.R. Horton Inc Stock Quote - Double Formation * 0.618 Retracement Area | Completed Survey * (Wedge Structure) | Short Bias Entry | Subdivision 1 - Triple Formation * (Consolidation Argument)) At 200.00 USD Subdivision 2 * 012345 Wave Structure Ongoing At Wave (3)) | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) | Indexed To 100 - Position On A 1.5RR * Stop Loss At 100.00 USD * Entry At 90.00 USD * Take Profit At 70.00 USD * (Downtrend Argument)) & Pattern Confirmation * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
PEPPERSTONE:DHIShort
by TradePolitics