USDCHF Bearish Rising Wedge about to consolidate for SHORT Hi, I believe this pair will consolidate until finding support and break towards downside until FIB level and the go rising furthermore.
Rising Wedge
Ethereum ETHUSDT - Complete Elliott Wave + Rising wedge (weekly)- Ethereum is forming a rising wedge on the weekly scale, but there is stil missing a last 5th impulse Elliott wave.
- The price is sitting on the 200 weekly moving average, it is good practice to think of this MA as a zone and not a level.
- 200MA is considered as strong support by huge hedge funds and institutions and is probably the strongest MA on macro scale.
- If we take a look at the RSI indicator - it is on the level of "strong buy" by historical data.
- The RSI indicator is showing a nice trendline, which we can watch and potentially buy a breakout with confluence with other indicators.
- Also the RSI helps us to identify first and third impulse wave by looking at the divergences.
- As per my Elliott Wave analysis - Ethereum is deeply missing a 5th impulse wave, so i think the bull market is imminent.
- Next impulse wave target is 10 000 - 20 000 USD per ETH.
- Look at my idea about Bitcoin (complete Elliott wave) and TOTAL crypto cap in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
BTC: QUICK rade for short term tradingHeres a quick trade for you short term traders scalpers or whatever
ON THE 15 MIN TIMEFRAME WE HAVE A BEARISH WEDGE (as shown on the chart
Entry 21.3k
TP:20.5k
Enjoy and go take a look on my other related idea.
You're all losers
Peace out.
NOTE SOMETHING SIMILAR??? BLOOD BATH INCOMING!in the rising wedge on the left we notice the same bull trap as on the right, thank me later! ;)
Rising Wedge Pattern on the VET Chart. Big Rising Wedge Pattern forming on the VET Chart. Something to keep an eye for.
LTCUSDT had a breakout from the rising wedgeThe price is testing the 4h support on 51$ after a breakout from the rising wedge and 4h resistance.
The price could have a pullback on 0.382 Fibonacci level in order to grab more liquidity for a new bearish impulse.
How to approach it?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
USDJPY, Retracement Before The Next Leg Up?The dollar is in a strong uptrend against the Japanese Yen, however, it seems it's time for a retracement. On low time frames, the price has formed a rising wedge that is now confirmed. The pair broke through the lower boundary and probably will continue down until the next support, which is near 133. We should see a bounce once the price reaches this zone.
If the dollar continues dropping after that, the main support at 130.5 should hold and USDJPY should rebound.
So the idea here is to buy the dip, when reversal signs appear on lower time frames.
APEUSDT is creating a rising wedgeThe price is testing the daily resistance after a bounce in the 3$ area.
On the 4h timeframe the price is creating a rising wedge on it and testing the 0.886 Fibonacci level, it's a key level.
How to approach it?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Here we areBitcoin finds itself flirting with 20K inside of a rising wedge on both price action and the RSI. Today's candle close will provide us with confirmation. Although, it looks as though the bearish pattern will play out accordingly.
HDFC BankTrade Setup in HDFC Bank . Rising wedge type pattern in HDFC Bank forming on 15min timeframe.
ETH: IS AT RESISTANCE! BEARISH PATTERN!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ETH update.
ETH is not looking good here. Forming a rising wedge pattern in 2hr time frame and currently hovering near the resistance level. ETH has a strong resistance at $1250-$1280 level.
If we successfully break down this rising wedge pattern then I'm expecting ETH to hit $950-$980 level.
Invalidation level:- If ETH breaks and close above $1300 then this pattern becomes invalidated.
What do you think about this?
Do you think we are heading for a correction from here or do you think that it will clear the resistance and pump?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Rising Wedge for Ethereum?Looking at the 4-hr chart for Ethereum, we could identify(?) a bearish trend with a correction forming as a r ising wedge .
Do you agree with this analysis? If so, keep on reading...
Now this can lead to a continuation, or a trend reversal.
I have spotted three points of interest, waiting for a confirmation, before starting a long/short position.
What is your opinion?
Which of the three exit points do you see as more probable?
Rinse and repeat?Bitcoin is currently forming another rising wedge, as it did with the previous level of consolidation. I still see a bearflag forming all the same. The level we are at is much riskier than the one we dropped from previously... Be wary traders.
EUR/JPY SHORTEUR/JPY on higher time frame has completed wave 5,currently working on completing wave 5.The major trend is Short on this asset,we will be looking for sell continuation patterns.
BTC/USDT_BINANCE_FUTURESPair: BTC/USDT
Pattern: Rising Wedge
Strategy: Breakout, Short if you think BTC is going to fall after this pattern.
VET/USDThis is a longterm analysis of a possible 3 year outlook for VET/USD using the 1 week chart.
Here is a closer look at this VET/USD 1 week Chart.
On this 1 week timeframe, VET has been back above its Least Squares Moving Average (LSMA) since the week of 7th March 2022. Note that a weekly close ABOVE the LSMA is considered a BUY SIGNAL for this indicator.
VET is also back ABOVE its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 week timeframe. Note that the Upper and Lower Bands are still contracting indicating VET still has plenty of room to move up or down before expansion kicks in and it becomes over extended on this 1 week timeframe.
VET is Back ABOVE its 100MA (Red Line) but still BELOW its 50MA (Blue Line) on this 1 week timeframe.
VET is in a massive Rising Wedge Pattern, the APEX of which is around the week of 5th - 12th May 2025 and is at around $8.8 as indicated by the Rising Converging Blue Lines.
VET is also in a Triangle Pattern as indicated by the Converging Black Dotted Lines.
Looking at the Trend-Based Fib Extension we can see that at the moment, VET has found some resistance from its 0.236 level at $0.0876. Note that the Fib Levels are based on Log Scale.
VET closed the last weekly Volume Bar ABOVE its Volume 20 Period MA, in the Green and this weekly Volume Bar will also close ABOVE its Volume MA.
VET is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 3 Weekly Candle that i have selected.
Looking at the Moving Average Convergence Divergence (MACD), we can see that we have a BUY SIGNAL on this indicator for this 1 week timeframe because the MACD Line (Blue Line) has crosses back ABOVE the SIGNAL Line (Orange Line) creating a new Green Histogram. This is the first new BUY SIGNAL since the week of 25th Oct 2021 and it’s the first new Green Histogram since 22nd Nov 2022. Note that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line, so the next key thing will be when the MACD Line (Blue Line) crosses back over and ABOVE the 0.0 Base Line into the Positive Zone.
Looking at the Relative Strength Index (RSI) for this 1 week timeframe, we can see that Momentum is upwards at the moment and the RSI (Purple Line) is back above its 9 Period EMA (Orange Line) and indicating upwards momentum strength. Note that the RSI (Purple Line) has plenty of room to move up before entering the Overbought Zone which is above 70 on this 1 week timeframe.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is still weak with the ADX (Orange Line) at 14.51 under the 20 Threshold and under its 9 Period EMA (Black Line). Positive Momentum has increased with the +DI (Green Line) rising to 25.101 and ABOVE its -DI (Red Line) which is at 19.21. A very good sign on this 1 week timeframe will be if we continue to see the +DI (Green Line) expand further away from the -DI (Red Line) as well as the ADX (Orange Line) crossing back ABOVE its 9 Period EMA (Black Line) and AOVE 20 Threshold.
With such a large rise on the Daily, we shouldn't be surprised if VET re-traces back to its LSMA or even its Bollinger Bands Middle Band Basis 20 Period SMA on the 1 day timeframe. Here is a look at the 1 day chart so you can see the Expansion of the Bollinger Bands. Note that VET found support today from its LSMA Level on the 1 day chart.
Obviously a lot can happen and change in 3 years with the Crypto Market, VET can easily break ABOVE or BELOW and CLOSE a Weekly Candle ABOVE or BELOW the Rising Wedge Pattern's Trend Lines to invalidate it way before it ever gets to the APEX.
The first crucial step for VET will be CLOSE a weekly Candle ABOVE its 0.236 Trend-Based Fib Level at 0.0876 and if needs be, to successfully re-test that level as strong support.
Key things to look out for the potential start off on this VET/USD longterm 1 week timeframe in no particular order:
For the Positive Side:
1: A successful close ABOVE the 0.236 Trend-Based Fib Extension level.
2: Expansion of the Upper and Lower Bollinger Bands while the Price is above the Upper Band.
3: A successful Weekly Close ABOVE the 50MA,
4: The BB Middle Band 20 Period SMA crossing back ABOVE the 50MA
5: The 100MA crossing back ABOVE the 50MA
6: The MACD Line (Blue Line) crossing back above the 0.0 Base Line into the Positive Zone
7: The ADX Line (Orange Line) crossing back ABOVE the 20 Threshold and its 9 Period EMA (Black Line).
8: A Weekly close ABOVE the Ascending Upper Blue Trend-line of the Rising Wedge Pattern.
9: A Weekly Close ABOVE the Upper Triangle Pattern Trend-line.
10: A successful close ABOVE the 50MA.
For the Negative Side:
1: A successful close BELOW the 0.236 Trend-Based Fib Extension level.
2: A drop back UNDER the BB Middle Band Basis 20 Period SMA.
3: A Weekly Close back UNDER the 100MA,
4: A weekly Close back UNDER the LMA.
5: The 100MA crossing back ABOVE the 50MA
6: The MACD Line (Blue Line) crossing back UNDER the SIGNAL LINE (Orange Line)
7: The +DI (Green Line) crossing back UNDER the -DI (Red Line).
8: A Weekly close BELOW the Ascending Bottom Blue Trend-line of the Rising Wedge Pattern.
9: A Weekly Close BELOW the Lower Triangle Pattern Trend-line.
10: The RSI (Purple Line) crossing back UNDER its 9 Period EMA (Orange Line)
I’m sure I’ve missed a few things but that’s probably enough of me rambling on.
I hope this post is helpful with your Trading, Hodl-ing or DCA-ing.
SOL (Possible) Bearish Wedge (Before)After a decent rally in a bear market it looks like SOL maybe forming a bearish wedge. Will publish the after as always.
Breakdown of rising wedge, overboughtTarget would be 2.58, very good profit. High risk high reward trade.
Price action analysis - ASIANPAINTNSE:ASIANPAINT had a good run up until recently and now it seems to have been topped out. In Weekly chart, rising wedge structure is formed and volume has declined with it. It suggests that buyers are losing the grip and sudden fall to 2625 with heavy volume confirms the reversal. Buyers stepped in from 2625 level and took the price higher but subsequent price action suggests that they have been exhausted and seem to be losing control. If price couldn't hold above 3100 level then it's going back to 2645. If it can't hold that one then it will go further down to 2275. Let's see what happens.
ETH supports that will be more likely touched.Ethereum was in a Rising wedge pattern and we would have expected the fall of ETH to happen pretty soon. Well right now the break out has already happened and a heavy bearish movement has already accurded. 1000$ is a pretty important support and if it's lost,well there will be no hope of turning back for bulls. Afterward we shall expected the price to reach 750$ and if that's also lost as well,500$ is the next support.
-ETH was in Rising wedge pattern.
-The fall of Ethereum was already expected to happen.
-1000$ is a very important support.if it's lost , all hope for bulls are gone.
-750 & 500 are the next support points.
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Thank you for seeing idea .
Have a nice day and Good luck
BITCOINBTC/USDT for now is on the consolidation zone for my opinion im waiting to drop on Strong Support after we touch this support we looking for new entry
