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Wedgepatterns

ETHBTC ❗Caution❗One more for today will be ETHBTC chart. The wedge is forming for a year now. Chances are, the next BTC move down, ETH and ALTS will go up and even make the breakout from this formation! ...However, I'm not too sure about this. Previous Trend support zone has been crushed fast enough and wasn't going to retest it back. Chances are still here, But... We have another, Bigger Trend line all the way from the Bottom (I hope it was one, cause if not, the blood will be all over the place) And I am guessing we will have another big fall is Sep/Oct and there may be the prices we're not gonna see in a while most probably. So, I suggest you to look closely, with caution, cause we're gonna see volatility in the next weeks. Be aware. Envision. 👁️ A.I.Vision
by A_I_Vision
1
#GRTUSDT (Watchlist) 7-2023GRT is the native token of The Graph, a decentralized protocol for querying data from blockchains. It is an ERC-20 token on the Ethereum blockchain, and it is used to allocate resources in the network. Active Indexers, Curators and Delegators can earn income from the network proportional to the amount of work they perform and their GRT stake. Total supply: 10 billion GRT Circulating supply: 9.062 billion GRT Max. supply: Not available Market cap: $1.064 billion Trading volume: 133.5 million GRT Latest news The Graph partners with Alchemy to simplify data access for developers. This partnership will make it easier for developers to access data from The Graph, and it will help to grow the ecosystem. The Graph launches the Subgraph Studio, a tool for creating and managing subgraphs. This tool will make it easier for developers to create and manage subgraphs, which are the building blocks of The Graph. The Graph announces the Graph Foundation, a non-profit organization that will support the development of The Graph. This foundation will help to ensure the long-term sustainability of The Graph. Add BINANCE:GRTUSDT to your watchlist. Note: This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management. You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome. Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing. Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
Long
by HamadaMark
TSM is bottoming here with this wedgeWith this wedge forming with TSM and this trendline as support I think this could be a monster trade. I'm targeting 135 for Wave 3, 115 for Wave 4, and then around 160 for Wave 5. Some people think this could fill the gap but I don't think so. If you look at TSM and Tesla they look very similar and Tesla didn't fill the gap and stopped halfway just like TSM will do. If it does fill the gap then it would break to the downside of the trendline and then it wouldn't be good.
NYSE:TSMLong
by MrBear69
📉 COMBO/USDT Falling Wedge Setup! 📉📈 #COMBOUSDT is currently showing an intriguing Falling Wedge pattern on the chart, hinting at a potential bullish reversal! 🚀 📉 The price has been forming lower highs and lower lows, shaping the falling wedge pattern. This suggests a period of consolidation and diminishing selling pressure. 🧩 Falling wedges often lead to upward breakouts, indicating a potential trend reversal and the start of a new bullish phase. 💡 Watch closely the resistance and support levels within the wedge to determine the possible breakout direction. 📊 Technical indicators are providing some positive signals for a potential reversal, adding further weight to the bullish scenario. 🔔 Keep an eye out for a breakout above the upper trendline, as it could serve as a signal for the beginning of a bullish trend. Set your profit targets and stop-loss levels accordingly. 📅 Remember to practice sound risk management and trade responsibly. Always conduct thorough research before making any trading decisions. 🚨 Exciting times ahead for #COMBO! 🚨 Let's see how this Falling Wedge unfolds! 🤞 (Note: This post is for informational purposes only and should not be considered as financial advice. Trading carries risks, and past performance is not indicative of future results. Always do your due diligence and seek professional advice if needed.) #CryptoTrading #TechnicalAnalysis #BullishSetup #TradeSmart #DYOR #CryptoMarket #ChartAnalysis #EmbraceTheWedge #BullishTrend 🚀📈💹
CLong
by STP_MrNodeItAll
NIFTY to start falling more than S&P500 from next week onwardsNIFTY/SPX chart has hit the upper trendline of ASCENDING WEDGE this week. it had hit the upper trendline 2 TIMES and the lower trendline 3 TIMES till now and has reversed every time since 2020 we can clearly see that whenever the price has reversed from the LOWER TRENDLINE , NIFTY has started performing better than S&P500 and whenever price has reversed from the UPPER TRENDLINE S&P500 has started performing better than NIFTY Now that the REVERSAL is imminent in the WEDGE pattern and global markets are VERY BEARISH , hence we can expect that the BEAR RALLY of indian market is over and it will become MORE BEARISH than the USA market from the next week onwards SP:SPX NSE:NIFTY Thanks a lot for reading...
NSE:NIFTYShort
by peace_lover
6
IWM - joining the bull party soon?Bull cycles usually start with heavy weight stocks (especially those in technology and discretionary) taking the lead, with small-caps usually joining the party at a later stage and when this happens, the bull run will be a lot more obvious by then. The IWM (tracking 2000 small-cap stocks) had been stuck in a wide-ranging wedge since hitting a low in June 2022 and with this we experienced huge volatility when we attempted to long these stocks despite that they looked to have bottomed out. A look at the monthly chart showed that the MACD is about to switch into the positive territory for the IWM, a significant indicator that it's longer-term outlook is starting to look bright(er). On its daily chart, the 200-day moving average has even begun to exhibit a subtle upslope. Hence, I am hopeful that the IWM will be breaking out of the wedge above 198 in the near future (perhaps within a few weeks if not days). It is no surprise that more and more of the smaller stocks are beginning to break up, despite that some still experienced a lot of volatility that could be difficult to sit tight. However, having a clearer vision of its longer-term outlook should give some confidence to dip our toes in for stocks with the right technicals and even if we were shaken out, the confidence to retest our entry when the technicals line up again. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
AMEX:IWMLong
by Juliac
📈 $APE Wedge Setup Identified! 📉Hey traders! I've identified a potential wedge setup on NYSE:APE that could present an exciting trading opportunity. Let's dive into the details! 📌 Ticker: NYSE:APE 📌 Wedge Pattern: Identified 📌 Timeframe: 2 day RSI - Wedge Identified 📊 Chart Analysis: The price action on NYSE:APE has formed a wedge pattern, characterized by converging trendlines. This pattern typically indicates a potential breakout or breakdown in the near future. 📈 Bullish Scenario: If the price breaks above the upper trendline of the wedge with significant volume, it could signal a bullish breakout. This may lead to a potential upward move in the price, presenting a buying opportunity. 📉 Bearish Scenario: Conversely, if the price breaks below the lower trendline of the wedge with significant volume, it could indicate a bearish breakdown. This may result in a potential downward move in the price, offering a potential selling opportunity. 💡 TradingView Analysis: For a more detailed analysis, feel free to check out the chart on TradingView using the following link: 📣 Let's connect and discuss this potential trade setup! Share your thoughts and analysis in the comments below. 🔔 Don't forget to follow for more updates on NYSE:APE and other exciting trading opportunities! #APE #WedgePattern #Breakout #TradingOpportunity #TechnicalAnalysis #TradingViewAnalysis Disclaimer: This is not financial advice. Remember to do your own research and consider your risk tolerance before making any trading decisions. Happy trading, and may the markets be in your favor! STP - Professor Node It All
Long
by STP_MrNodeItAll
2
📉 Descending Broadening Wedge Spotted on $DOTHey traders! Today, I want to share an exciting chart pattern I've identified on MIL:DOT (Polkadot). Let's explore the descending broadening wedge and its implications for potential price action. 📊💡 Pattern: Descending Broadening Wedge 📉🔽 Symbol: MIL:DOT 💰 Overview: A descending broadening wedge is a distinct chart pattern characterized by expanding price swings within converging trendlines. This pattern suggests increased volatility and the potential for a reversal. Let's dive into the descending broadening wedge pattern on MIL:DOT and assess its significance. ⚡💹 Key Features of the Descending Broadening Wedge on MIL:DOT : Expanding Price Swings: Notice the widening price swings within the converging trendlines, creating the broadening pattern. This indicates growing volatility and potential market dynamics shift. 📈📉 Reversal Potential: Descending broadening wedges are often considered as reversal patterns, indicating a possible trend change. It's crucial to monitor price action for confirmation. 🚀📈 Trading Strategy: Entry Point: Consider entering a position once MIL:DOT breaks out above the upper trendline of the descending broadening wedge. This breakout could signal a potential reversal and the beginning of an upward move. ⬆️💰 Stop-Loss: Implement a stop-loss order below the lower trendline to manage risk and protect against potential downside. ⛔️📉 Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈 Risk Management: Maintain proper risk management techniques, including position sizing, setting stop-loss orders, and adhering to your trading plan. Be aware of the risks associated with trading cryptocurrencies like $DOT. ⚠️💼💡 Disclaimer: Trading cryptocurrencies involves risks, and it's essential to conduct thorough analysis and seek professional advice before making any investment decisions. #DescendingBroadeningWedge #DOT #Polkadot #Cryptocurrency #TrendReversal #TradingStrategy #TechnicalAnalysis #Volatility #RiskManagement In conclusion, the descending broadening wedge pattern identified on MIL:DOT indicates a potential reversal in the making. However, it's crucial to wait for a confirmed breakout above the upper trendline before considering any trades. Stay tuned for further updates on $DOT! 💹🚀 (Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Long
by STP_MrNodeItAll
1
Bullish Falling Wedge Pattern Forming on $UPWKHey Traders! Today, I want to share an exciting technical analysis discovery I made on the stock of Upwork Inc. ( NASDAQ:UPWK ). It seems that a bullish falling wedge pattern is forming, indicating a potential reversal in the near future. Let's dive into the details! 📈 Ticker: NASDAQ:UPWK 📅 Timeframe: Daily Chart 📊 Pattern: Falling Wedge 📉 What is a Falling Wedge? A falling wedge is a bullish chart pattern characterized by a contracting range between two downward sloping trendlines. It typically forms during a downtrend and signifies a potential bullish reversal. This pattern suggests that the selling pressure is diminishing, and buyers may soon regain control, driving the price higher. 🔍 Identifying the Falling Wedge on NASDAQ:UPWK : By analyzing the daily chart of NASDAQ:UPWK , we can observe the following: 1️⃣ A clear downtrend in the stock's price over the past few weeks. 2️⃣ Two converging trendlines: The upper trendline connects the lower highs, while the lower trendline connects the lower lows. 3️⃣ Decreasing trading volume as the pattern develops, indicating a decline in selling pressure. 📈 Price Targets and Trading Strategy: If the falling wedge pattern plays out as anticipated, we can expect a potential bullish breakout above the upper trendline. This breakout could trigger a bullish rally, possibly reaching the following price targets: 1️⃣ Target 1: Resistance level near $40.00 2️⃣ Target 2: Psychological resistance level near $45.00 🛡️ Risk Management: As with any trading strategy, it is essential to manage risk effectively. Consider implementing the following risk management techniques: 1️⃣ Set a stop-loss order below the lower trendline to protect against unexpected price movements. 2️⃣ Adjust position size according to your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: Keep an eye on Upwork Inc. ( NASDAQ:UPWK ) as it develops this falling wedge pattern. The formation suggests a potential bullish reversal in the near future. However, remember that technical analysis is not foolproof, and market conditions can change rapidly. Combine this analysis with other relevant factors before making any trading decisions. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always do your own research and consult with a qualified financial professional before making any investment decisions. Happy Trading! 📈💰 #TechnicalAnalysis #FallingWedgePattern #UPWK #BullishReversal #TradingView
NASDAQ:UPWKLong
by STP_MrNodeItAll
Previous Pattern Targets vs. Possible Path Back to Top or BottomHBAR made two major wedge patterns that hit pattern targets with incredible accuracy. First - a bullish wedge exit that led to a 3x measured move up and a final wick up that ultimately stopped approx. halfway between 3.5x and 4x. Second - a bearish wedge exit that has so far reached a 2x measured move down from where it exited. Let's see if it makes a 3rd wedge that, when exited in either direction, may revisit weekly top or hit all-time low on a 2x measured move in either scenario; potentially creating a double-top or a double-bottom at its completion.
BINANCE:HBARUSD
by dudebruhwhoa
Power Finance CorporationHello & Welcome to this analysis It is now approaching a bearish Harmonic ABCD and it that process also forming a rising wedge suggesting some profit taking might come in. In the short term stock has support at 175-165 and below that near 150 where medium to long term investors would come in. It has resistance around 184-187, if it manages to breach above it then next resistance is near 210. Overall medium to long term has strong upside potential and could be a strong SIP candidate. Happy Investing
NSE:PFC
by Dinesh_C_Nagpal