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Rising Wedge

Fetch.AI FETUSDT - Elliott Wave +Ascending Channel breaking out!- Impulse Elliott Wave has been completed with 5 successful waves. - Now the main ascending channel is being destroyed by bears. - Looks like the bull market is over for 90% of all altcoins. - Only few altcoins can survive long term, maybe FET can be one of them, but we need a correction first before another push to the upside. - HODL Is a bad strategy for altcoins, HODL can work only with Bitcoin. Altcoins need to be traded instead.
Short
by UnknownUnicorn2537518
9
BITCOIN - MINI BULLISH RALLY?Hello all, Couple of weeks ago the bitcoin has cracked below the very strong long term support. Also, right now the price is at the very strong long term structural support and possibly the (blue) support line of the rising wedge pattern. Thus there are good chances to trade bitcoin in a long setup up to 72,000 USD. This price is on the crossroads of the resistance line of the rising wedge and the long term support/resistance line. I am planning my entry as follows: Entry around 40,000 USD SL around 39,000 USD 2nd TP around 72,000 USD 1st TP and scale-in around 52,000 USD Good luck! Please, like & subscribe if you liked this idea! Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision. Cheers! :)
COINBASE:BTCUSDLong
by Barysbyek
Is 100k still in play? A rising wedge forms when the price’s movement consolidates between two sloping trend lines collectively displayed as a triangle. These sloping lines are basically support and resistance levels that move in a converging pattern (the lower line is the support line, while the upper one is the resistance line). The support and resistance lines both point towards an upwards direction. The support line usually has to be a bit steeper than the resistance one. The lines are constructed by connecting two or more separate highs and lows. Bearish cross on the KST. Bearish cross on the Williams Alligator. If the lower trendline doesn't hold 20k is likely the next support level. If the lower trendline does hold 80k is the next higher high in the long-term trend, sell at the upward resistance. It's hard to consider this an ascending triangle but I've drawn a dark blue line to represent the horizontal resistance, it's moderately crude
COINBASE:BTCUSD
by ScotianBot
2
Polygon MATIC falling into a nice entry zonePolygon is in an accumulation phase since the downfall in may 2021. Last time we stated that this coin is a nice buy in the 2$ region. That's where we are now and it still looks like a nice pickup zone. The RSI dropped a little bit below the triangle and we expect it to bounce back into it within the next weeks. The bullmarket supportband is around 1.8$ and usually acts as support within a bullmarket. Currently around 7 billion MATIC tokens out of 10 billion possible are in circulation. This is ok from an inflation standpoint. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumbler
MLong
by tumbler55
*2022 BEAR MARKET*Good day my fellow traders! BTCUSD pair has broken its final support and has entered bear territory as stated in my previous idea. As you can see in the chart on the 3week timeframe, the pair was trading in a massive rising wedge and has broken to the downside with a target pointing towards $17k. The 3week chart is a longer timeframe and gives me a more extended view on future price action. This data leads me to believe 2022 will be a BEARISH year, not just for crypto but with stocks as well. Clearly we have a bearish divergence on this chart and I've discovered similar bearish divergences on several major stock indices. Recession? Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :) Peace Love Money ;)
BITSTAMP:BTCUSDShort
by NoMi_Kidd
Potential Handle formingThe breakdown from the Rising Wedge happened a little sooner than expected (see linked idea). From here I'm expecting a short-term bullish move off the 50 EMA and then a retouch of the SUPPORT-TURNED-RESISTANCE line. From there I'm expecting the "Handle" of the Cup & Handle pattern to develop. I'll be looking for a buy opportunity at the end of the handle. Keep rising, keep learning, don't get discouraged. Trading takes patience. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
M
by mercury_rising
#ETHUSDT Ethereum Mid-term analysis on day time-frame..Previously Ethereum was in cup and handle pattern and perfectly broke out the resistance with good volume for hitting cup and handle's potential. Now after #bitcoin crash ethereum is holding cup and handle support between 3800 to 4000$ very well. Currently running in rising wedge. Both scenarios are explained in chart. Bullish scenaro: If Ethereum holds cup and handle support then we can see upward trend till 5k$+ in mi-term. Bearish scenario: If cup and handle support will broke then we can downtrend till 3k$. Main supports: 3.8k$ , 3k$, 2.5$. Main resistance: 4.8$. Do your own research before any kind of investment. This is not Financial advice. If you like my work kindly do like and follow.
by Furqannasir1
AUDUSD 1-2HHi folks! we made a massive profit on ETH $$$ just only following this pattern, so I caught the same pattern on AUDUSD today. Let's take a look at it. This bearish pattern here is a technically beautiful correction of a huge downtrend. As you can see the pattern broke out and already made a new lower low at this point. Now I will open a short position "IF" only chart makes an even smaller bearish rising wedge pattern which is the same as shown in the picture. So we got to wait for that signal.
Short
by lovestein
3
Massive Rising Wedge ? Not the end of this Bull Run?Personally, I think that this is not the end of this Bull Run We are still on the wave 4 of this Rising Wedge on BTC daily For me 42K-40K is the bottom and its gonna be bloody for retail, because there gonna be fakeout and SL hunter by the whales, before it pump like crazy. Its gonna break new ATH mid to end of 2022, before its gonna end this Bull Run for good and dump to below 30K-ish. Technical sides even MA 50-200 is not even crossed yet, so brace yourself for whatever happens in this next few days/week. Not Financial Advice. STAY AWAY FROM LEVERAGE DURING THIS UNCERTAINTY, play it safe get rich in next bull run lol
Long
by rizalharmadi
2
Rising Wedge, Parabolic TrendLUNA is in a Rising Wedge (ultimately bearish) within a very Bullish parabolic rising support. There is still room for enthusiastic buyers to drive the price higher within the wedge, but it's a high-risk play. I certainly wouldn't enter a short position, but I'm also not interested in longing these levels. I'm waiting for the wedge to break down and then looking for a clear entry around the 50 EMA, or when the curved support is retested. ------------------------------------------------------ These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following. Thanks!
by mercury_rising
EUR/CAD showed bear returnIt seems that the pair has just finished retracement to the upside and is ready to start with the main trend (which is bearish). As we see there was a rising wedge (which is interpreted as a continuation of the pattern if formed in this way). Well, I would wait to see if the pair will have the strength to retest or start to decline without it. Keep in mind that anything can happen and that it is not a matter of being right every time, but of increasing the odds in your favor when you are.
Short
by merjemascerija