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Falling Wedge

$C98 Unveiling the Potential Falling Wedge Pattern! 📉💥FWB:C98 has caught our attention with the emergence of a potential falling wedge pattern. This pattern is characterized by converging trendlines forming a narrowing price range. It suggests a potential bullish reversal and presents an intriguing trading opportunity for savvy traders. 🚀📈 As the price consolidates within the falling wedge, it sets the stage for a potential breakout to the upside. Traders can watch for a decisive move above the upper trendline as a signal of bullish momentum. This pattern may indicate a shift in sentiment and the beginning of an upward price trend. 💹📈 Join the discussion and let's analyze the potential of FWB:C98 as we monitor the development of this falling wedge pattern together! 📊💬 #C98 #FallingWedgePattern #BullishReversal #CryptoTrading #TradingOpportunity #TechnicalAnalysis #TradingView Remember, conduct your own research and consider risk management strategies when making trading decisions. Stay tuned for further updates on FWB:C98 and other exciting cryptocurrency opportunities! Happy trading! 📈💰" #C98 #FallingWedgePattern #BullishReversal #CryptoTrading #TradingOpportunity #TechnicalAnalysis #TradingView
Long
by STP_MrNodeItAll
EURCHF growth by Falling Wedge Pattern🚀EURCHF managed to form a Falling Wedge pattern near the 🟢heavy support zone🟢. I expect EURCHF to grow up to at least the downtrend line after breaking the upper line of the falling wedge pattern. 🔅Euro/Swiss Franc Analyze (EURCHF), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Long
by pejman_zwin
15
MASK Network Falling Wedge PatternCrypto MASK has recently formed a falling wedge pattern, which could potentially signal a bullish reversal in the near term. The falling wedge is a chart pattern characterized by a series of lower highs and lower lows, converging towards a point. This pattern typically suggests diminishing selling pressure and a potential breakout to the upside. In the case of MASK, the falling wedge pattern indicates that selling momentum may be waning, and buyers might be stepping in. This could lead to a potential price surge towards the projected price target of $4.50. Looking forward to read your opinion about it!
Long
by TopgOptions
GOLD → Candlestick analysis - the market is ready to fall OANDA:XAUUSD quickly enough reaches the specified target of 1914 and forms a bullish rebound after a false breakout. The price forms a range of 1939-1914, within which it can reach local resistance by the end of the session. The daily timeframe hints that the fall will continue. The price exits the local descending range downward, breaking the support (another view is a break of the triangle support), after which a correction is formed - which is a logical component of trading. And the daily candle on Thursday closes at the very low, which suggests that the potential is not yet exhausted. The gold market is bearish right now. Today's publishings are: 8:30 GMT Manifactruting ( FX:GBPUSD GBP) 13:45 GMT Services PMI ( FX:EURUSD USD) Resistance levels: 1925, 1939. Support levels, 1914. The daily candlestick forms a local level - the low of the day. If price breaks this local support, it will head much lower, as there is a void under 1914 on the chart, but within the trading session a rebound could lead to a strengthening to 1925 or to 1939. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
27
GBPAUD → Price continues to strengthen. I expect a breakthroughFX:GBPAUD is showing a chic dynamic based on the reversal pattern. At the moment the price is in a range and most likely the market will have to form a consolidation before breaking through the flat resistance. Earlier the price acquires strong support from the 200-hour moving average. A strong consolidation forms a bullish position, after which we saw a rally to 1.90000 At the moment, I expect a retest of 1.90353 and the formation of a pullback to support in the near future. In the medium term from the trend support or from the level 1.89200 I would expect an active strengthening of the currency pair. Support levels: trend bottom line, level 1.89200, sma200 Resistance levels: 1.90353, 1.91835 The pound continues to get stronger and the resistance of the range will not stop the price. I expect pre-breakout consolidation with a further breakthrough to 1.91835. Regards R.Linda!
Long
by RLinda
16
GOLD → Price is heading for new lows. What to expect from gold?OANDA:XAUUSD is falling. There was a breakout of the support level. At the moment the gold is in the range 1939 - 1914. Regarding this flat, various scenarios are possible. What to expect from the price in the near future? Obviously, the price is aimed at testing the liquidity zone, which is below 1914. Yesterday, before the American session closed, the price tested the previously broken strong level. There was a shakeout relative to 1939. Now, after capturing the liquidity of 1939, the price is headed down. On the H4, the local resistance level of 1928 is formed and the price is consolidating lower. Gold is likely to hit a new low (1914 or 1900) before a bullish pullback. At the moment, the market is bearish. Until the price breaks one of the key resistances, it will not change. But the price is not going to do that yet :) Resistance levels: 1928, 1939, SMA-50 Support levels: 1920, 1914, 1885 I expect the price fall to 1914. A small pullback may follow from this support, which may further lead to a breakout and a decline to 1900. Regards to R. Linda!
OANDA:XAUUSDShort
by RLinda
29
Technical Analysis: XAUUSD Longs into 1966.70Recently had a pattern breakout to the upside. I am expecting price to retrace a little before couniting to the target zones. With the breakout there was also a shift in market structure so there is a strong chance of a pullback before the push which we have started to see already (see image below) We will experience some resistance as there is a smart trail above price at the moment so there is still a lot of bearish pressure which is why I would like a strong pullback first.
PEPPERSTONE:XAUUSDLong
by ChristopherDownie
BTC UPDATE! WAIT FOR A RETEST BEFORE GOING LONG!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to the new BTC update. The previous BTC update plays out perfectly. Do check it out, if you haven't yet (Link given below) Now, let's analyze what's the next possible scenario from here. As you see in the chart, BTC breaks out the falling wedge in a 12hr time frame and made a high of FWB:29K Lots of shorts getting REKT today. Now, it's time for a cool down for a while. I'm expecting it to retest the wedge ($26.6k-$27.2k) I'm not going to long anything here. Patiently waiting for the dip to go long again. After the successful retest, the target is FWB:31K -$32k Hope my content will help you in making better trade decisions. If you like the ideas then do not forget to smash the like button and follow for all the latest updates. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
2
Bitcoin - Bull trap triggered, huge crash is starting! Today I opened a short on BTC, and in this analysis, I will tell you why. In the previous analysis called "Bitcoin - The biggest bull trap in history!" I told you I wanted to short Bitcoin at the 0.618 FIB retracement; today we reached the important level and took liquidity above the previous swing high. Now everyone is extremely bullish, and it's time to short it. On the chart, you can see a huge parallel channel on the weekly scale, and today we retested the trendline of the channel and the POC of the previous triangle. This is a very strong resistance, which is why I expect a huge decline in price in the next few days or even weeks. I am a very transparent trader because I share all the trades that I make with the entry points, SL, and TP. From the Elliott Wave perspective, we can see a falling wedge, which is a bearish leading diagonal pattern with an overlapping wave structure. Usually you want to short it at wave (4) of the diagonal pattern, and we hit this wave today. In my opinion, wave 2 of the higher degree has been completed, and we are ready for the 3rd wave, which can be extremely steep. It's possible that Bitcoin will start consolidating a little bit at the current price, so altcoins can also pump a bit. But it's only going to be temporary. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
227
GOLD → Breakthrough 1939. Greetings from the Bears OANDA:XAUUSD breaks support after another retest of the 1939 level. Consolidation is forming and the price is headed down. What can happen and what should we be prepared for? There is a large pool of liquidity below the 1925 area, and if it touches this level, the volumes may surge and the volatility may increase. The price may retest the previously broken 1939 before further declines. But at the moment the fact is that the market is about to fall and there are many reasons for that, all of which are pointed out on the chart. After breaking through the support and consolidation of the price below the level, we got an entry point. The price is expected to fall under the pressure of the bears and the current trend. At 14:00 GMT FED Powell is broadcasting, it is worth looking out for his words. (Expect increased volatility). Resistance levels: 1939, SMA-50. Support levels: 1925, 1914, 1885. As a priority I expect the price decline towards 1900, but based on the situation, from the key support levels or before the news something unpredictable may happen. The priority is to sell. Sincerely R. Linda!
OANDA:XAUUSDShort
by RLinda
25
The Bullish Case for Ethereum, A Comprehensive Review!!If price manage to break the falling Wedge . the price can easily reach the target after a little correction. 🌟 Bullish signals in the PRZ area are: - Support zone - Pivot - Bullish Channel - falling Wegde - bollinger band - 5th Waves ⭐ and the bullish signals of market momentum are: - Regular divergence in MACD ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or Wedge broken from the bottom , this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
COINBASE:ETHUSDLong
by CobraVanguard
5
GOLD → Possible scenarios for the situationOANDA:XAUUSD still looks quite bearish. The bulls continue to hold the 1939 level and then we are reminded of the Market Maker traps. What could happen? We continue to see a strong consolidation, which is formed by dynamic sellers and limit buyers, who put limit orders in the 1939 area (there was a false breakout earlier). There is a huge volume of liquidity, and a breakthrough on one side of the range will form a strong surge of volatility and volume. Below I would like to offer some scenarios, which, in my opinion, are relevant at the moment: Everything depends on how the price behaves near one of the key levels. It could be a rebound, a breakout, or a false breakout, but at the moment I look at gold as an instrument that is getting ready to fall. Support levels: 1947, 1939 Resistance levels: SMA50, range resistance, SMA200 I expect that resistance will affect the price predictably and we will see the price continue to fall to 1939 followed by the possibility of a support breakout. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
29
KLAYUSDT → Buyers are breaking resistance. What to expect next? BINANCE:KLAYUSDT has been forming a downward range for several months. After touching the lower boundary of the wedge, the price forms an active strengthening and breaks the resistance of the range. What to expect from the coin? Above the level of 0.1551, near the wedge resistance, a pre-break consolidation is formed. Today we see the realization of the accumulation and the price breaks the resistance of the figure. This is quite a strong signal that a trend change attempt and a strong momentum may form. BINANCE:BTCUSDT starts to strengthen and pulls some of the cryptocurrency market with it. The entire market has been in a freeze lately amid fundamental circumstances, one of which is the SEC claims against major cryptocurrency exchanges. Support levels: 0.1551, the previously broken wedge boundary Resistance levels: 0.1663, 0.1933 The bulls are trying to take the situation into their own hands, but resistance at 0.1663 separates us from a strong growth. If the buyers will manage to overcome this area, then the market can show active strengthening to 0.2340. Regards R.Linda!
KLong
by RLinda
12
Bitcoin probably will Recover soon (Falling wedge pattern)Bitcoin has been falling over the last few days, even more so with the SEC news accusing cryptocurrency exchanges BinanceUS and Coinbase. Looking at the chart we are inside a falling wedge pattern that usually breaks upwards, we also have strong support in the 25k region which coincides with 0.382 of fibo. Comparing the market in general, such as SPX500, Nasdaq, Gold and DXY, Bitcoin is cheap and once this FUD is resolved we will probably see a quick price recovery. So as long as we are above 25k, most likely the price will recover in the next few days.
COINBASE:BTCUSDLong
by MrClock
Triple Bottom (bullish)There´s a possibility of getting out of this SEC news FUD mess if we confirm the falling wedge and get breakout of it. Just recently, on the daily chart BTC printed a triple bottom which is quite a bullish pattern showing some buying interest in this area. If we go below 24/25k we are surely still in a bearmarket. If we break out of this falling wedge prepare for a move above 30k. Trying to become a bull. Sooner or later will surely happen. Good luck!
BINANCE:BTCUSDLong
by JacintoMonteiro
📉 Falling Wedge Alert on $1INCH! Reversal Potential!Hey traders! Today, I want to discuss an intriguing chart pattern I've identified on $1INCH. Let's explore the falling wedge pattern and its implications, particularly in relation to the parabolic trend. 📊💡 Pattern: Falling Wedge 📉🔽 Symbol: CRYPTOCAP:1INCH 💰 Overview: A falling wedge is a bullish chart pattern characterized by converging trendlines, with the upper trendline sloping downward and the lower trendline sloping upward. The presence of the parabolic trend further adds to the potential reversal scenario. Let's delve into the falling wedge pattern on CRYPTOCAP:1INCH in more detail. ⚡💹 Key Features of the Falling Wedge on CRYPTOCAP:1INCH : Converging Trendlines: The upper trendline connects lower highs, while the lower trendline connects higher lows, indicating a potential shift in market sentiment. 📈📉 Parabolic Trend Support: Notice that CRYPTOCAP:1INCH is currently holding the parabolic trend, which reinforces the bullish outlook and strengthens the potential reversal signal. 🚀📈 Breakout Expectations: Falling wedge patterns often precede bullish breakouts. To confirm the pattern, traders typically look for a decisive move above the upper trendline. It is essential to wait for a confirmed breakout before considering any trades. 🚀📈 Trading Strategy: Entry Point: Consider entering a long position once CRYPTOCAP:1INCH successfully breaks above the upper trendline of the falling wedge pattern, supported by the parabolic trend. This breakout could indicate a potential reversal and continuation of the upward trend. ⬆️💰 Stop-Loss: To manage risk, set a stop-loss order below the lower trendline, protecting 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: Implement proper risk management techniques, such as position sizing, setting stop-loss orders, and adhering to your trading plan. Always be aware of the inherent risks associated with trading cryptocurrencies like $1INCH. ⚠️💼💡 Disclaimer: Trading cryptocurrencies carries risks, and it is crucial to conduct thorough analysis and seek professional advice before making any investment decisions. #FallingWedge #1INCH #Cryptocurrency #ParabolicTrend #BullishReversal #TradingStrategy #TechnicalAnalysis #ProfitTargets #RiskManagement In conclusion, the falling wedge pattern identified on CRYPTOCAP:1INCH , combined with the parabolic trend, suggests a potential bullish reversal. Exercise caution and wait for a confirmed breakout before making any trading decisions. Stay tuned for further updates on $1INCH! 🚀💹 (Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Long
by STP_MrNodeItAll
XAUUSD - FALLING WEDGE PATTERN FORMATIONGold price (XAU/USD) saw buying interest around $1,947.50 in the London session, climbing above the crucial resistance of $1,950.00. Investors anticipate only one more interest rate hike from the Fed this year. S&P500 futures extended their downside journey as investors became cautious ahead of the extended weekend in the US due to Juneteenth. HSBC economists advise caution due to rising valuations and potential Fed tightening. However, we believe the Fed is nearing the end of its tightening cycle, benefiting US equities. The US Dollar Index (DXY) remains sideways despite Fed Chair Powell's affirmation of no rate cuts this year. Gold is approaching the upper part of the Falling Wedge pattern, with resistance at $1,958.84 and $2,000.00. RSI (14) indicates non-directional performance. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
OANDA:XAUUSD
by legacyFXofficial