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Falling Wedge

Castor Maritime: Setting Up For a Falling Wedge BreakoutCastor Maritime is a Maritime Shipping stock that's been on my radar along with its falling wedge, but I have only just recently gotten interested in entering after seeing the quarterly earnings finally start to turn around along with seeing the price action finally test the 21-week SMA as support. With all of this being done it is worth considering the fact that CTRM's PE Ratio is currently about 1.5x which is pretty low even for this sector. I think we may be setting up for an ultimate Bullish Breakout that would take CTRM up to the 61.8% Retrace up at $8.94
NASDAQ:CTRMLong
by RizeSenpai
The Bullish Case for GTAI ! A Comprehensive Analysis!!!Hi. KUCOIN:GTAIUSDT ✅Today, I want to analyze GTAI for you in a 9H time frame so that we can have a Short-term view of GTAI regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts). CHART IS SPEAKING IT SELF Currently, there are two scenarios, one is that the price is in an ascending triangle, and if it succeeds in breaking it, the price will grow well. Second, if the price fails to break the triangle, considering that the price is at the top of the channel, the price can fall to the bottom of the channel. ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. - Ascending Triangle - AB=CD Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
1
USDJPY - The currency pair is preparing to make a new high FX:USDJPY is technically poised to hit a multi-month high. Against the backdrop of a strong dollar, the JPY is losing ground as the Central Bank of Japan is failing or is not going to do its job. On D1 we see a global setup, where the fact that the market wants to break through 150.286 - 151.944 becomes quite obvious. Regarding the lower boundary - 150.286, a pre-breakout consolidation is formed and the market is preparing to overcome the boundary. On H4 the pair is testing the trend support, but at the same time it is forming a wedge on the base of the descending resistance. A local bullish setup is forming on the chart. A break of the pattern resistance could form an impulse to 151.85 and further to 153. Support levels: 149.5, 148.8 Resistance levels: 151.85, 153.0 I expect growth after the end of consolidation formation. The signal for the growth continuation will be the breakthrough of the " descending wedge " pattern resistance. Regards R. Linda!
Long
by RLinda
7
VIPIND : Best Swing Trading OpportunityVIP Industries has given Zero Returns from last 3 years VIP Industries Stock currently around the support which was working as Resistance. Stock has also formed Falling channel in short term and now around 500 levels is coming support from these 2 factors. So stock is around the support and looking good for swing trading ! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision. #stock #stockmarket #investing #money #finance #trading #investment #VIP #VIPIND
NSE:VIPINDLong
by FiveCircles
1
EURUSD: Attempting Secondary Breakout of a Falling WedgeThe EURUSD is attempting a secondary breakout of a Falling Wedge Pattern at the HOP level of a Bullish Gartley. It is also holding on to the 4-Hour 21-SMA with Bullish Divergence on the MACD. Taking all this into account, the EUR has a heightened probability of confirming a Break-Hook-and-Go from this Falling Wedge to confirm the bottom and begin a 61.8% - 78.6% retrace. EURUSD has certainly been one of the more choppy USD pairs and the AUDUSD may prove to be a smoother Bullish trade, but I still would like to try also catch the EURUSD move despite it being the choppier pair.
Long
by RizeSenpai
🚧GTAIUSDT is Bullish now🚧 & many Traders don't see it 👀!!!✅ Today, I want to analyze GTAI for you in a 4H time frame so that we can have a Short-term view of GTAI regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts). ➡️ As you can see, after breaking the Rising Wedge, the price started and completed its descending waves (ABC) and now Falling Wedge has been broken, and it has started its 5 ascending waves, and the price can reach the targets specified in chart ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
3
STORJ - 1267% profit in 2024, buy nowSTORJ looks incredible. We can see that the price broke out of the falling wedge - bullish reversal pattern on the weekly chart. Always look at the volume indicator to confirm the validity of the breakout. If we take a look at the volume indicator, we can see that the bullish volume is overwhelming, which is very positive! What's more important is the Elliott wave analysis. My analysis suggests that we started this uptrend with a strong impulse wave of 12345. That's the dream of every Elliott Wave trader. What we want to do is buy the correction of this impulse wave. Wave (2) should be complete, so it's good to buy this coin now. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is Storj? Storj, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption. In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform. Two years later, an updated white paper was published. Here, a decentralized network — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018. People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens. What Makes Storj Unique? As a decentralized cloud storage network, Storj is unique in more ways than one. For one, unlike traditional cloud storage solutions that store data in huge data centers, Storj runs on a network of thousands of independent computers. Anyone with a few extra terabytes of space can become a node on the platform by installing Tardigrade. All that is required is a strong and consistent internet connection. The efficiency of the network means that hosts pay far less for the storage of their data than when employing traditional cloud storage services.
Long
by Xanrox
5
PEOPLE is ready for a 1333% profit. Buy nowPEOPLE is incredibly bullish at this moment. We can see that this is the strongest weekly candle in the history of this coin. Is this a bullish or bearish sign? Of course, bullish! We have a falling wedge pattern, and as per classic technical analysis, the target of the falling wedge is the top of the wedge, which is the previous all-time high. What about the volume indicator? Volume is the strongest in history and also a very bullish sign. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Constitution DAO (PEOPLE) was another instance of an internet-based grassroots movement taking on establishment symbols with the help of cryptocurrencies. Similar to what happened with GameStop, Constitution DAO channeled the virtual power of the masses to only narrowly miss out on making real-world history. The DAO published its first tweet on November 12, only six days before the Sotheby’s auction on November 18. The copy of the Constitution was the last remaining privately-owned copy, and the first time a copy of the Constitution went on sale in 33 years. Within hours, the DAO’s Discord server grew several thousand people strong and eventually reached 20,000 members within a little over a week. Relying on a mix of Nicolas Cage memes, inspired by a movie in which Cage is trying to steal the Constitution, and the crypto-specific (x,x) meme first popularized by Olympus (OHM), the attempt quickly went viral on Crypto Twitter. The DAO used Juicebox to receive donations in Ether and collected a sum north of $47 million, which would have easily been enough to win the auction, had it not been for the auction house fees and storage costs for the document that were not accounted for by the DAO. Ironically, Ken Griffin, a declared opponent of Bitcoin, won the auction. In the aftermath of this saga, Constitution DAO announced it would dissolve as it had planned in case of failure from the very beginning. It cited technical and administrative requirements as reasons for doing so, and donations can be reclaimed for an indefinite period of time via the project’s website. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
9
API3 can 1400% in 2024, time to buy?API3 is breaking out of the falling wedge pattern on the weekly chart, which is a great sign of strength. We can see that the corrective Elliott Wave pattern WXYXZ is complete, and we are starting a brand new uptrend to an all-time high. I believe 2024 will be very bullish for this coin, so it is better to buy now when the price is still cheap. We must also look at the volume indicator. We can see that the bullish volume is much higher than the bearish volume, which gives us confidence in this trade. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is API3 (API3)? Smart contracts often struggle to access dependable data, but application programming interfaces (APIs) have been touted as a solution to this problem. API3’s stated goal is to allow decentralized versions of APIs to be built, managed and monetized at scales. As blockchain technology plays an ever bigger role in the economy — from decentralized finance to supply chain management — the team behind this project says it has never been more important for smart contracts to provide “timely, reliable real-world data.” The whitepaper for API3 was unveiled in September 2020 and set out the main problem that’s associated with APIs at present: connectivity. At present, there’s no way for smart contracts to establish a direct connection with APIs for the latest data — and this has led to an explosion in the popularity of oracles. Although this has helped solve the problem to some extent, the industry has since been grappling with the “Blockchain Oracle Problem.” Oracles are a form of middleware that sit in between APIs and smart contracts — increasing costs and centralization. API3 intends to get around this problem by enabling API providers to operate their very own nodes. API3’s token went live at the start of December following on from a token sale that generated tens of millions of dollars. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
22
GTCUSDT → Resistance Retest. Preparation before the breakthroughBINANCE:GTCUSDT is testing the trend and consolidation resistance and apparently has a chance to break through this boundary. The coin is forming a bottom at 0.300, after which the consolidation phase continues, but at the same time, relative to the trend resistance the coin is forming a pre-breakout consolidation. Growing capitalization of altcoins, green cryptocurrency market favorably affect GTC, which can provoke a breakout of the mentioned resistance area. The break of 1.344 level and price consolidation above this zone will form a bullish potential, which may trigger a bullish distribution after consolidation. Resistance levels: 1.344, 1.650, 1.915 Support levels: 1.210, 1.060 I expect that the pre-breakout consolidation will favor the breakout of resistance and the price will eventually start to change the bearish trend BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
3