Avalanche is seen in a rising wedge4-hour chart, I see this crypto as trading in a rising wedge (almost a channel), and heading upwards to 45 in few days.
RSI techn. indicator is supporting this view.
Stop loss below support line S
Rising Wedge
Tether/USD is trading in a rising wedge..30-min chart, the crypto is trading in a rising wedge between S and R lines.
Above R for 2 candlesticks, the target will be 1.0018
Below S line, the target will be 0.9995
Reliance : On a hourly chart bearish pattern Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Rising Wedge
📌 Symbol/Asset: RELIANCE
🔍 Description: Stock is making rising wedge on a smaller timeframe.
Reliance is around curve resistance shown in the previous post.
Reliance resistance is around 2980-3030
Connecting the dots shows Reliance should fall from here on.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
SUI Rising Wedge At PlayBearish rising wedge pattern showing on the Daily chart for SUI. With multiple bearish divergence signaling on the RSI, I suspect a drop soon. Possibly around March this year.
DOT: plan for the next few months, Dump and big pumpDOT is overall bullish, but I am still expecting a final correction. We have a total of 4 swing highs next to each other, which is a good opportunity for whales to take all stop losses from traders. Do not get caught in the trap and follow my plan. Buy DOT lower and expect a strong bull market this year! 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!
The network uses an NPoS (nominated proof-of-stake) mechanism with validators and nominators.Nominators back validators with their tokens. These staked tokens maximize chain security by making it prohibitively expensive to misbehave.
Validators are staked on the Relay Chain and confirm transactions coming from the different parachains. This unique validity scheme enables chains to interact with each other securely under the same rules, yet remain independently governed.
SPY 1Hr Rising wedgeTracking a pretty substantial Rising wedge on SPY 1 Hr. Could see a 10 point pullback if this does decide to breakdown. Looking closer at the 15 min, looks like we have just broke the bottom trend line of this wedge. Stay tuned.
Manta Network(MANTA) is Ready to Correct at least ➖10%📈Today, I want to analyze a Token for you, which was one of the trending tokens of the cryptocurrency market in the last few days; the name of this project is Manta Network(MANTA) .
📚 What Is Manta Network(MANTA)❗️❓
Manta Network is the modular ecosystem for web3. Users can build and deploy any Solidity-based decentralized applications on Manta and leverage its technology stack to deliver faster transaction speeds than an L1 and lower gas costs than an L2.
✅ Manta Network(MANTA) reacted well to the 🟡 Potential Reversal Zone(PRZ) 🟡and started to decline.
💡In terms of Classical Technical Analysis , Manta Network(MANTA) managed to form a Rising Wedge Pattern .
🏃♂️Currently, Manta Network(MANTA) has broken the lower line of the Rising Wedge Pattern and is moving in a small ascending channel , which can act as a pullback .
🌊According to the theory of Elliott waves , it seems that the Manta Network(MANTA) has succeeded in completing five impulse waves , and we should expect corrective waves in the coming days.
🔔I expect Manta Network(MANTA) to fall at least to the 🟢 Support zone($3.365-$3.260) 🟢 after breaking the lower line of the ascending channel, and it is likely to experience further falls .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Manta Network Analyze (MANTAUSDT), 1-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.
🚧GTAI is Bullish now🚧 & many Traders don't see it 👀!!!Hi .
KUCOIN:GTAIUSDT
✅ Today, I want to analyze GTAI for you in a 2H 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, the price completed its downward waves ( ABC )after breaking Rising Wedge, and now it's time to confirm the breaking of the ascending triangle, After then The price will rise And starts 5 WAVES ascending and rise up to top of Channel.
Stay awesome my friends.
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✅ 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!!
EURAUD/rising wedge SHORTEURAUD rising wedge gave me a signal showing bearish price action inside the wedge so i entered sells. if you did not catch this trade with me just watch how it plays out and as a trade look and pay attention to market behavior and ask yourself "why" is price selling off at this level.
*pay attetion to market behavior and (evidence) market give before a move happens.
EURAUD SHORT
Hindustan Construction should target 46.7Daily chart, the stock formed a rising wedge pattern, crossed the Resistance line (R).
After confirming another Close above 36, the target will be 46.7
Be careful: Stop loss if the stock closes below the Resistance line (R)
GBPUSD short positionGBPUSD short position
the chart shows everything
please follow and support for more
PAYTM : When will be best levels to buy ? Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Falling Channel
📌 Symbol/Asset: PAYTM
🔍 Description: Stock is falling from 1000 and stock can correct upto 300 levels.
250-300 support would be the best level to buy for paytm
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Rising Wedge - AJHere I have AUD/JPY on the 4 Hr Chart!
Price has been outlining what looks to be a Rising Wedge since its First Touch of the Rising Resistance on Dec. 19th.
The RSI has given a Bearish Signal along with working down underneath 50 which leads me to believe we will be seeing some Bearish Pressure.
My bias on this pair is BEARISH with important news events on the way later today.
Fundamentally this week:
AUD - CPI (Tonight)
JPY - Clear
*If CPI comes in AT or LOWER than Forecasted, AUD will lose its interest and will make the JPY more FAVORABLE!
If we get a Valid Break and Close underneath our Rising Support, I will be looking for Selling opportunities to take price down to the Support Zone underneath.
DXY DAILY RISING WEDGE PATTERNDxy rising wedge pattern is squeezing smaller each day. We are expecting it to break out to the downside withing a few days to short the dollar. This is a great time to look at PA on some major pairs.
It seems to be time for the Digital Gold to take Breath.After having a decent run for the past 12 months Bitcoin seems to get some relief for the sake of its healthy and strong uptrend movement.
So What do we have in the market right now?
In this post I will cover the scenarios related to the 1D time frame. As we all know the space we found in crypto is so much dependent on fundamentals the ETF was one big thing which runs the market for the past 6 months. And as we all know the game is played holding the motto "Buy the Rumor, Sell the News" most of the long position holders are going short and might as well be moving to CRYPTOCAP:ETH - the next contestant to get an ETF approval.
For now Bitcoin just showed a bearish sign forming a rising wedge break out and MACD turning bearish for the short term. Besides a bearish divergence is already formed if you can see on the chart depicted by the yellow broken line. A retest of the rising wedge support line is possible while bulls try to get the throne back again.
In addition candle stick behavior is also showing bearish sentiment if we consider the recent moves CRYPTOCAP:BTC made forming an inverted hammer like with a strong bearish candle formation.
For now I am seeing CRYPTOCAP:BTC correcting in the short term. I will be updating which prices to watch closely. If things go as expected in the same manner as it is the breakout confirmation will most probably take Bitcoin to the recent 50% fib level at around $37K area. After watching out for the retest move and considering the ichimoku cloud on the lower time frame will be our confirmation.
GDP/USD SHORTWe posted a few hours ago a chart to show why we think the dxy will be bullish over the next few weeks. This can be a great opportunity to short an asset showing weakness against the dollar, such as the pound.
GDP/USD in a perfect rising wedge where each higher high is increasingly marginal. The rounded top suggests lack of demand and when you couple this with bearish divergence you can clearly see that the buyers might be exhausted.
You should wait for a breakdown in this situation to confirm. However we are going to position ourselves partially within the wedge as there is a clear bearish bias and the DXY is positioned perfectly for this trade.
Also key to look for a marginally higher high again, that would indicate more weakness.
GBPAUD 4H Rising wedge + RSI DivergenceOn this 4H chart for GBPAUD, you can notice that the price is forming a potential Rising wedge. The price is currently hitting a strong Resistance range. The wedge can provide a breakout here or go to a higher level and still provide a valid breakout. Monitor for development around those levels
Additional confluence: Strong RSI Divergence
BTC Dominance Dropping After A Resistance Bounce#BTC Dominance
When BTCD goes down ETH & ALTs go up.
The downtrend has now been confirmed, buckle up...
15 min Bear flag on SPYLooking at this Bear flag on SPY. If this breaks down, we could see a 5 point dip.
BTCUSD → Fundamental and technical analysis in the same rut Bitcoin BINANCE:BTCUSD continues to consolidate within an ascending triangle. Recently, the market was spooked by strong sell-offs, but, technically and fundamentally, nothing terrible happened.
On the chart we see several important nuances: long shadows, ascending triangle, false breakdowns of local support zones, false breakdown of resistance, which is another trap from the market maker. The market continues to prepare for further growth. Trigger zone, which can provoke a volume surge and strong impulse - 44350 - 44500.
False breakdown of resistance and further sell-off at 4500$ is related to rumors:
BTC's fall came amid the publication of an analytical report by Matrixport, in which the authors wrote that the SEC will reject applications to launch spot exchange-traded funds (ETFs) for bitcoin on a number of grounds. The sharp drop in the price of the first cryptocurrency triggered a massive liquidation of traders' margin positions on crypto exchanges.
Still. As much as analysts, small and large traders would not want it, but the cryptocurrency market pays huge attention to the fundamental component, and only then to technical analysis. Everyone is now in the moment waiting for a decision from the SEC and in all likelihood they will approve applications for a spot BTC-ETF. The initial market reaction is predictable, but time will tell how this situation will play out in the medium and long term.
Support levels: 42K, 41640, 40660
Resistance levels: 44350, 44500
Consolidation continues. In this case, the nature of consolidation is related to the fundamental component. The recent hype, crypto-spring and active consolidation is connected with the theme of BTC-ETF, though this theme has bored everyone lately, but the market is waiting for it. As the prerequisites are inclined to the breakout of limit resistance and growth, we join it. The nearest target is 48K
Regards R. Linda!
Rising wedge on SPYLooking at this Rising wedge on SPY 1hr that has formed after breaking down out of the massive ascending channel it had been in. If NVDA breaks it's ascending channel, it may assist with this wedge breakdown on SPY. Looking for an 8 to 10 point gap down on the hourly. Stay tuned!
Bitcoin Dominance Bearish OutlookCRYPTOCAP:BTC.D most likely will drop and we will enter altcoin season.
Rising wedge spotted in weekly time frame, my first target is around 47-49% for a potential retest or short consolidation or maybe invalidation.
The main target is around 39-40%, prepare for altcoin season.
Bearish Scenario for EthereumIf the weekly wedge is drawn from the line chart like this, it gives us a bearish rising wedge that has already had a weak and failed attempt to breakout from the top.
Failed breakouts (or failed breakdowns) tend to be strong indicators that - if another breakout attempt doesn't succeed soon after - expect the breakdown instead.
Should ETH see that breakdown, it may occur after losing ~1700 and then target right around or just below ~1k where TP 1 is.
It may not make it to TP 2, but could see a double bottom somewhere between TP 1 and 2 or near the wick low from June of 2022.
Alternative - there is a bullish way to draw the wedge on the weekly candle chart that would instead target 3k and then 4.5k, here is an example and I've linked the related chart in related ideas as well:
