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Wedge

Trump's rise to power: is EURUSD heading toward 1.03? Looking forward, a large wedge pattern has emerged in EURUSD, targeting 1.0305 following a break below last week's low. While this pattern alone isn’t highly reliable, the recent election results have increased the odds of it unfolding. The pattern remains active as long as the price holds below 1.0830. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Short
by ThinkMarkets
Bearish Reversal Signals: Will the Price Reverse?4H Timeframe Current Price: 20,030.9 Bearish Signals: • Rising Wedge (Bearish Reversal) • Ascending Broadening Wedge (Bearish Reversal) Expect the price to test the first price target (PT), followed by the second. Resistance may trigger a bearish reversal after reaching these levels. If the price finds support, we may reach the third PT, which is at the upper trendline of the rising wedge. Then, after reaching our bullish targets, the price would likely start its bearish reversal to eventually reach 18,749.0. Price Targets: Bullish: • 1st TP: 20,210.3 • 2nd TP: 20,351.4 • 3rd TP: Upper Trendline of Rising Wedge Bearish Reversal: • 1st TP: Broadening Wedge Lower Trendline • 2nd TP: Lower Trendline of Rising Wedge • 3rd TP: 18,749.0 Happy Trading!
OANDA:NAS100USDShort
by SpicyPips
9
GOAT/USDT: LONG SCALP SETUP!!Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! GOAT is looking strong right now! It breaks out from the falling wedge like structure and also holding the 50ma in 2hr tf very well. Open a long position here and add more in the dip. Entry: CMP and add more up to $0.5 Targets: $0.556/$0.592/$0.644/$0.714 SL: $0.458 Lev: Use low leverage (Max 5x) What do you think of GOAT’s price action? I’m seeing a strong bullish setup here! Share your insights and analysis in the comments below!
Long
by CoreCrypto1
1
Euro can reach resistance line of upward channel and then dropHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some days ago entered to wedge, where it at once rebounded from the support line and rose to the resistance line, breaking the resistance level. Then, the price turned around and made a correction movement, below the resistance level to support line of the wedge pattern. Next, the Euro in a short time rose to the resistance line again, after which turned around and started to decline. In a short time, the price declined to the 1.1050 level, which coincided with the seller zone and broke it, thereby exiting from the wedge too and continuing to fall next. Later price fell to the 1.0840 support level, which coincided with the buyer zone and broke this level too. But then, the EUR turned around and started to grow inside the upward channel. So, soon, the price broke the support level again and even made a gap, after which continued to move up. For this moment, I think that the Euro can reach the resistance line of the channel and then drop to the support line, breaking the support level. That's why my TP is located at 1.0820 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
Be careful with TONCOIN !!!BINANCE:TONUSDT is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = $6 Stay tuned for more updates, thanks. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
3
Give me some energy !!!As you can see, the price has broken the head and shoulders pattern and is ready to rise. However, if the price can break through the wedge, we will see a good price increase. From a technical perspective, if these possibilities happen, the price will rise to the 0.618 Fibonacci line. Give me some energy, please!! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
1
GBP/CAD D1: Potential Breakout from Rising Wedge with Double TopOn the daily chart of GBP/CAD, I’ve identified a Rising Wedge pattern with a Double Top formation within it, signaling a strong potential for a significant bearish movement. A similar pattern previously occurred on September 9, 2023, when a bearish breakout from the Rising Wedge was confirmed by a double top, followed by a sharp downtrend. Currently, the same pattern has reappeared, with the price forming the second peak of the double top, but a breakout confirmation is still pending. The next price movement is illustrated by blue arrows, indicating the expected downward direction if a breakout occurs. Additionally, the breakout area is marked with a red rectangle to clarify the critical support level that needs to be breached, while the double top’s peak is highlighted with an orange circle to emphasize this key pattern level. The strategy plan here is to wait for a breakout below the Rising Wedge support line to open a sell position. The profit target is set at the 1.7310 level, with a stop loss placed above the double top level, around 1.8200. If a breakout confirmation occurs, the bearish movement is expected to drive the price closer to the set profit target.
Short
by DNP-FX
RUNE to $14, falling wedgeOn the above chart price action has corrected over 70%. A long trade now presents itself, but that’s all. This is not a long term forecast by any means. 1) Price action breakout. (RSI remains in resistance). 2) Price action confirms support on past resistance. 3) The falling wedge top and lower touch points allow a near term forecast for price action, $14 area or 170% from current levels. Is it possible price action corrects further? Sure. Is it probable? No. Ww
Long
by without_worries
5
BTCUSDT 1H Falling wedgePossible long trade on 1 hour chart forms Falling wedge pattern. The 1-hour Bitcoin chart shows a Falling wedge, indicating a short-term downtrend. However, a bullish divergence in the RSI suggests weakening selling pressure and a potential trend reversal. The price is near a support zone, making a potential long entry appealing, especially if there is a breakout above the upper trendline of the Falling wedge. A target could be set around 71,344, with an appropriate stop-loss placed below the support to limit risk. Waiting for confirmation of the breakout is advised to validate the long signal. If you found this analysis helpful, please SUBSCRIBE ✍️ and SHARE🙏 Good look! 🚀
Long
by crypt0AP
EURO - Price can leave wedge and decline to support levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price broke $1.0885 level and continued to decline inside falling channel, where it at once fell to support line. Then price bounced to resistance line of channel and then declined to $1.0785 level and even broke it. Price fell to support line, after which made upward impulse, thereby breaking $1.0785 level again and exiting from channel. Next, Euro entered to wedge, made correction to support line, and then started to grow to resistance level. A not long time ago, price reached this level, and some time traded near, but soon bounced down. At the moment, I think EUR can make a rise movement and then fall to $1.0785 support level, exiting from the wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
BITCOIN Short term Road Map !!!As you can see, the price has broken out of the wedge, and from now on, the price can drop to the 0.618=67k Fibonacci line. After that, we may see Bitcoin rise again. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
by CobraVanguard
1
SOLANA → Resistance retest. Will there be a reaction?BINANCE:SOLUSDT , after a strong growth, bumps into the conglomerate of resistances formed on D1-W1. It can be assumed that there is not enough potential to break through this area at the moment.... There is a clear resistance of the sideways range with gradually narrowing borders on the chart. This is a consolidation, which is most likely not over yet. The market continues to accumulate potential before further strong movement. The price reacts very aggressively to the resistance of the figure every time: the retest is followed by a strong decline to the lower boundary. The actual retest ends with a false breakout and the formation of a reversal pattern and the trigger of the 173.00 zone. Accordingly, if the SOL continues to decline, which leads to a breakdown of support, the market may enter a sell-off phase. Resistance levels: 183.4, 188.3 Support levels: 173.0, 159.1 I don't exclude that on the background of bitcoin's active growth SOL may make another attempt of a bull run, for example, to 188.4-188.3. But liquidity formed above this zone will not let the price up the first time. At the moment the focus is on 173.0. A breakdown and consolidation below this area will activate a sell-off... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSD ;) Regards R. Linda!
Short
by RLinda
20
Dogecoin Primed For Liftoff?! Here I have COINBASE:DOGEUSD on Daily & 1Hr Chart! A lot of Bullish signs are popping up on all Time-Frames for $DOGEUSD! Let's lay it out: Daily Chart- *Price made its Lowest Low @ .0805 *Price has created a Bullish Divergence on the RSI when price was able to make a Higher High @ .1321, disrupting the Downtrend Pattern. *Fib Retracement Tool from the Lowest Low to Higher High places the Golden Ratio Zone @ ( .1033 - .1002 ) where Price has already Retraced to and is showing Exhaustion from the Bears! 1Hr Chart- *Zooming into the Golden Ratio Zone, we see Price is exhibiting signs of a Bullish Wedge, potentially in the Reversal Variation! *Lower Lows on Price creating Bullish Divergence with Higher Lows on RSI I suspect we will see Price give us a Bullish Break to this Wedge and continue creating Higher Highs/Higher Lows continuing the Uptrend which will then contend with the Resistance Levels: ( .1355 - .1440 ) ( .1700 - .1800 ) ( .1990 - .2200 ) **If Price gives us a Bearish Break to the Wedge, Be Vigilant to False Breaks testing the .09 cent Support Level & Rising Support
BINANCE:DOGEUSDLong
by Novi_Fibonacci
1
Danimer Scientific, Inc.On the above 10 day chart price action on this penny stock has corrected 98% since February 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Past resistance confirms support. (yellow arrows). 3) Regular bullish divergence. Multiple oscillators print positive divergence with price action as measured over 6 months. 4) The falling wedge formation forecasts a 8000% move as measured from the highest to the lowest wedge touch points. 5) No share splits. True. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: Investment Risk: <= 3% Timeframe for long: Qrt 2, 2024 Return: 8000% Stop loss: 55 cents
NYSE:DNMRLong
by without_worries
55
BITCOIN - Price can bounce from support area to $73800 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price rose inside rising channel, where it broke $61100 level and then reached resistance line of channel. Then price continued to grow near this line, after it reached $66350 points, price turned around and started to decline. In a short time, BTC exited from channel, fell to support area, and started trades inside wedge. In wedge, price fell to support line, after which made upward impulse to $69000 level, made correction, and continued to grow. Soon, price broke $69000 level and reached resistance line of wedge, but recently fell to one more support area. Possibly, BTC can bounce up from support area to $73800 resistance line of wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
4
ETHEREUM → Price can't break the bearish trend. False breakoutBINANCE:ETHUSD is facing selloffs. Technically, ETH is showing weakness on the background of growing sales. Any growth attempts are aggressively sold off. The price continues to test the support, which only increases the chances of a breakdown Accumulation is narrowing. Ethereum is unable to leave the downtrend. The pressure formed by the bears is only getting stronger. Earlier there was a growth attempt, which became unsuccessful, after a false breakdown of the intermediate resistance 2717. The bears did not let anyone near 2817. On the background of yesterday's fall, associated with bitcoin correction in the 67K - 65K zone, the price tested the consolidation support and is forming a false breakdown. From October 22: BITCOIN → False Breakout & Bearish Engulfment ↓ If the price does not start active growth, but returns to the support and starts to enter the risk zone, it can provoke the activation of orders and a strong impulse to 2100-1900. Resistance levels: 2562, 2728, 2764 Support levels: 2392, 2318, 2111 It is not excluded that the price may return to the triangle resistance or 2728, but there are no hints for now. Emphasize on 2562 and 2392, two important zones from which a strong fall can be formed Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSDT ;) Regards R. Linda!
Short
by RLinda
4