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Wedgebreakout

NANO on Critical Breakout Point | Short-Term 25% ProfitNANO sits at a critical point, making a wedge. The next few days are going to be critically important. Depending upon how it breaks the wedge, it can either go upward or downward. The increasing support indicates the chances of breaking upward are higher. This is a good point to enter with your stop-loss limits in place. Trading: Warning: This is just my point of view. This might or might not be true. You can set your limits accordingly. I don't want you to jump in blindly. DYOR and only get in if you are satisfied with it. Buy Range: 3.56 - 3.61 USDT Sell Limit: 4.50 USDT (25%+ Profit | Short-Term) Stop Loss: 3.42 - 3.45 USDT (In case it breaks down-ward, you should exit timely and be safe)
NShort
by boomboom1212
OMGBTC is trying to have a breakout from a falling wedge 🦐If $OMG.X will have a breakout and turn the daily resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OLong
by InkyGrip
2
BTC - The Next Step 🚀 PART 1DAILY CHART (LONG TERM BULL ANALYSIS) It was only a few days ago that BTC hit that $42k “top”. In this analysis I will present the bull case in this scenario. Bitcoins price has been consolidating as shown by the converging trend lines. The trend lines converge right around the end of January. This consolidation is building pressure and bringing us to a very important point. Was this dip a correction, proceeded by a reversal? Or was that the top, and we’ll see the downtrend continue? This is the bull scenario, so we’re going to the realistic moon here 🚀 The fib levels I have drawn are extremely accurate and start at the beginning of the rally in March 2020, ending at the $42k top. NOTE: THE DIP ALREADY TOUCHED THE “GOLDEN ZONE” BETWEEN THE 0.618 LEVEL AND THE 0.786 LEVEL! Many people bought this up very quickly. The middle point of the convergence is also a key level, which I believe supports my theory. BTC could also fly up breaking the wedge as early as next week around January 23rd. But if the price continues consolidating, watch the price action at the KEY LEVEL around $36k. Catalysts: Monthlies and YoY options expiring end of January. Big big money for will be moving around the end of January. Biden stimulus cheques and money printer going BRRRRR mean people will seek to protect from further inflation. TLDR; the bull case is this “correction” will end by the start of February with a breakout from the wedge to the upside. Bulls are targeting the next fib level (1.618) at $65,566.01 🚀🚀🚀🚀🚀🚀🚀🚀🚀 Follow for PART 2 where I will present the bull case for the level ABOVE 1.618, and I think you all know where that level is... 🚀🌝
BITSTAMP:BTCUSDLong
by ChigzTrades
ETCBTC is inside a falling wedge 🦐$ETC.X if the price will have a breakout from the falling wedge and from daily resistance, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
Weekly Bullish Divergence: One Final Chance for a USD Comeback!DXY showing some seller exhaustion here we are attempting another breakout of a wedge that we have been stuck in for about a year. We have some classic bullish divergence on both the RSI and MACD weekly. Along with the divergence we closed last week above the bottom trendline with a Bullish Pinbar which is a bullish candlestick reversal pattern commonly found near the end of downtrends. The looks to be the final stand for the US Dollar as if we don't bounce here we are likely in serious trouble and will see much lower prices. Based off the technical I expect us to see a sharp reversal to the upside and suspect that USD will perform well on USD Pairs and that stocks will do badly in the comings days and weeks.
TVC:DXYLong
by RizeSenpai
Dollar Index is perking up at historical congestion/support areaCurrently at an area where price congested and broke higher to start a 23-month bull run in 2018-19. LTF is showing a possible bottom with the formation of a higher high and a breakout from this descending wedge pattern. Likely to see some kind of trading range before any decisive bullish breakout/reversal but today's candle is pretty bullish and the bulls would be looking to close the day strong. Context is okay for reversal here so we shall see. A bearish break below 89 invalidates this view. Weekly chart:
TVC:DXY
by thedailychartist
1
CVCUSDT is trying to breakout from the weekly resistance 🦐CVCUSDT is trying to breakout from the weekly resistance after had a nice breakout from the falling wedge. The price could test 0.382 Fibonacci retracement of Weekly impulse, retest weekly support, and restart with a new bullish impulse. According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
DREPBTC is creating a falling wedge 🦐IF $DREP.X will have a breakout and turn daily resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
DLong
by InkyGrip
14
EDUCATION: Rising Wedge PatternHello, dear subscribers! Today we will continue to consider the chart pattern. The risisng wedge is the topic of this article. We can see the rising narrowing wedge formation when the scatter of highs and lows is decreasing during the time and price make higher highs and higher lows. There are clear support and resistance lines which have different angles of slope as you can see on the chart The rising narrowing wedge is usually described as the bearish pattern but in practice it is not always true. In fact the direction of the breakout is the most important evidence for the price movement prediction. In this example we can see the break through the resistance line and the massive price pump. The breakout can be fake, in that case the price returns back to the wedge. If it is true breakout the price can make an attempt to return back but there is a rejection as you can notice in our example. DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
Education
by Skyrexio