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Rising Wedge

Lowering the StakesI've listed most of my Technical analysis points on chart. Fundamentally the company has plenty of cash on hand to handle debt obligations for 12 months onwards, but the astronomical Valuation metrics (i.e. Price to Sales, Price to Book) when compared to traditional competitors such as Tyson Foods and Sanderson Farms indicate a high price premium. In addition the COO just resigned without a definitive reason which never bodes well for a company. www.marketwatch.com
NASDAQ:BYNDShort
by kingmidasLXIX
Bearish Rising Wedge in Indusind bankHello Traders. My view for NSE:INDUSINDBK is Slightly bearish to Bullish. As you can see rising wedge pattern is formed in the chart and bearish divergence can be seen in RSI. The stock has already rallied upto 50% of the fall after Aug 2018 and can respect the 61.8% level in coming couple of months which is 1350 - 1400 level. Before you invest please consult with your financial advisor. I am not SEBI Registered Advisor and I am sharing the idea for educational purpose.
NSE:INDUSINDBK
by Ami8singh
Rising wedge pattern in Ethereum* Ethereum in 4H time frame appears with Rising Wedge pattern. * Rising wedge occurs when the price moves between two trendlines forming higher-highs and higher-lows. The lower trendline works as support for the price and the upper trendline works as resistance. * Rising wedge appears with wide bottom and as the price moves higher the range becomes narrow. * Ethereum can test the lower trendline ( support ) and bounce back, but if it break the support we can expect a drop till below support zone.
by Coinpedia-Market-Insight
1
USDCHF MONTHLY RISING WEDGE USDxxx (CHF,CAD,JPY) have always been in a down trend which mainly means DXY is doing the same and if you know when to enter it could be very profitable. Clearly a BEARISH TREND on Monthly, Weekly the market shows a breakout of the YEARLY BEARISH TREND RESISTANCE LINE but never broke above the previous LOWER HIGH to confirm a trend reversal. After the trend breakout we see a 6 YEAR CONSOLIDATION! Just bouncing 800+ pips from support to resistance. As of JULY 2020 the market BROKE OUT the yearly consolidation and is now RETESTING around .9400 Im expecting continuation of trend to the downside watchout for sell setups and just fib TP1 .7200 TP2 .6000
Short
by Juju103
PolkaDot DOTUSDT - HUGE Secret Ascending Channel + New ATH soon- Polkadot is strong on the daily timeframe , as we can see. - The price broke out of the bullish falling wedge and now is unstoppable! - On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance. - Target top of the chanel or 1:1 fib extension on the daily chart. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - Due to my Elliott wave count, the correction is totally over and we can expect a higher prices! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:DOTUSDLong
by UnknownUnicorn2537518
1
FTM/USDT : Breaking above the rising wedgeBINANCE:FTMUSDT Hello everyone 😃 Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it ! #FTM is breaking above the rising wedge now, Also it just broke above the ATH too ! You can wait for the confirmation as hold above the trendline or ATH's resistance. Based on FIB's extension, Targets after a hold will be 2.6320 - 2.8000 - 3.1600. 🔴 Watch for #BTC's movement, It's currently moving in a rising wedge in 15Min's time-frame; Which is bearish if #BTC broke below it ! You can set your invalidation below the ATH. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
23
BTC/USDT : Should we buy #BTC now ? BINANCE:BTCUSDT Hello everyone 😃 Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it ! On our recent analysis, We tried to find a logical path for #BTC to move on, But it's kinda invalidated now ( Not really ). So we'll try to have another side of vision on it. We'll try to find a direction for #BTC based on LTF patterns and HTF FIB's movement. Before diving in the article, Please don't listen to the old sayings like "buy the rumor, sell the news" These are weak bears ( I'm a bear neither, But it's not the right time to manipulate the market ). Now let's head up to the article 😉👇🏼 #BTC has formed a rising wedge in 4Hours time-frame and now, The current candle is retesting the last broken higher trendline. However there's another trendline and confirmed the bearish formation again, But it needs to workout before any judgement ! Also RSI is on a huge divergence here, So technically bears have the upper hand and the movement needs to cool off a bit. But as #BTC stands in the pattern, There won't be any confirmation for #BTC to lead the market for a dive one more time again. So, We'll wait for the breakdown or breakout 👇🏼 📊 If #BTC breakdown below the rising wedge, Then it'll retest the lower support lines based on FIB's retracement. - Based on FIB retracement's levels the major level to retest is the 54K's support zone ! 📊 If #BTC breakout above the rising wedge, Then it'll reach the new highs and we'll face another bounce on the market. - Based on FIB extension's levels the major level to reach is 74K. ( There are some difference in targets ) 📌 Now the question is, What will happen after the breakout ? Let's zoom out a bit to daily time-frame and see what do we have there 👇🏼 #BTC has reached the trendline's high and the ATH's resistance on daily time-frame, However it just engulfed the recent master candle and take hold above the 59K-61K'S resistance. If we put a FIB retracement on the beginning of the new bull cycle and the set the other on the 1st FIB extension's target ( 1D recent extension ); We'll see that the return levels are matched very well ! So based on FIB's logic, We can call it that find the possible new high before it forms ( have to mention that we'll face a stop-hunt above ). 📊 If #BTC follows the possible track, Then we'll extend our target to 100K ! So this will be very important for bulls to show weakness on the 1st near targets above the current ATH. - Remember, Every movement have the retracement, Also it works better on the high cap pairs ! We saw the 30K retracement on #BTC and retest the 50% FIB's level earlier ! 📌 You'll ask yourself that's right to believe in only one chart ? So let's have another layout on weekly time-frame to confirm our theory 👇🏼 There are many factors in weekly chart that makes #BTC even more bullish ! - Inverse tweezers bottom has formed on the breaker zone. - Three white soldiers has formed on the continuation of reversal pattern on the breaker zone. - Weekly candle closed on the new high above the classic resistance line. - There's another three white soldiers formed on 3D's chart too ! As you can see there are two bullish formation and the three white soldiers is working as a reversal pattern and a bullish continuation. Also based on fractal, Last time we experienced the three white soldiers, #BTC surged more than 33% ! Which means that the formation's target will be the 1st target zone mentioned on chart... 📚 What's target zones ? Now we know that #BTC is bullish on multiple time-frames, We need to look for every chance to buy near 53K; and look for the nearest target to put some out of our bags and trade them on mid-term periods. Target zones are the gaps between 2021 bull-run's FIB extension targets with October pump's FIB extension targets. - The light blue lines are for 2021's bull-run and the blue lines are for October's pump ! 📑 Conclusion : - Every dip around 50K now is a chance to load your bags ( It won't harm your portfolio ). - #BTC is still bullish on most of time-frames and ETF won't dump #BTC for now. - On-Chain DATA is suggesting a cool off on leverages and so it can be ring-bell for you to focus on the dips. - There's a high chance for #BTC to break above the ATH, But it needs to retrace as well. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
by Helical_Trades
35