FIrst of all, I am really a newbie to Technical Analysis on trading. I come from a Cryptocurrency background, so I may lack fundamentals. Please enlighten me. I have been noticing an uprising wedge from the lowest price of Stratis/BTC. Also with all the attention BTC 6.09% is getting, most other CQ are bleeding, except STRATBTC . It has been climbing while...
I think a falling wedge is forming in uptrend and oversold conditions.
The increasing support and decreasing resistance indicate a possible breakout in mid-december. If it can't break out past the resistance line then it will most likely fall past the support. A good buy time would be around 0.00051 with targets on 0.0007 and 0.00085. Note: I am relatively new to this so I could always use some feedback. Thank you.
I see Potcoin as having lots of upward movement potential according to elliott wave theory and some fibonacci extension lines. This seems like a very good setup because there is good volume present in the pumps at the waves, including consolidation. Aswell as the shift of trend which become bullish once bouncing of the long term trend line. I expect a pump and a...
GBPJPY- Reversal approach to the upside (short-term)
One of the most picture perfect wedges/Descending triangles I think I've come across for a while. Strong support just above 16000. Based on previous bull run could easily do 25% gain here in a pretty short time frame. As always stay focused and trade to trade well.
Eaaaasy bitcoin! A great visualization of today's bearish breakout.
NVDA hourly chart, looking for a break of the upper resistance line and a move over 214.60 where it had trouble today. A move above $215 and we could se a nice squeeze up to the ATH's of around $218-$219.
Syscoin looking good for a potential breakout. Once BTC dominance is down sub 55% or so, it should see a pump. TA is prime for a breakout. Let me know if see anything different.
Upward break plus height of the wedge seems to indicate continuation of $300 to $600. At $300, that would take it close to previous all-time-high and then possible correction. $400 and above will take Bitcoin to new all-time-high.
Currently EURJPY is sitting in a wedge on a 4 hourly chart, had a bit of a fakeout last night with it breaking and re-entering the wedge. I will be sitting patiently to see where this heads as I will want it to break out of the wedge clearly and begin shifting strongly in a direction before I make any moves on this pair.
10/26 Update! LOOK FOR BREAK OUT CONFIRMATION OF $2.70 FOR PROFIT TARGET OF $4.50 MGTI certainly seems to be on its way, up +18% today. Still at less than half of where we're going!! :) I'm looking for us to cross $2.56-$2.60 either By Tuesday but this is MGTI - could be sooner or later - this is crypto.. but my gut says within the next 3 trading days. Once...
If I had taken the trade, would have made 178 pips. practicing patterns and looking at how the chart is reacting to my resistance / support lines. Wedges, triangles, channels, fib levels / retracements. A lot of planning and decision making done. No trades taken, however moving in the right direction on a technical level. I will be working for a trading desk by...
Expanding wedge on 1h TF, we can see more upside before downside, we still are in consolidation mode, and there is a smaller bullish flag inside this consolidation (pink lines). trade on the breakout of the pattern :)
Trend Analysis and Prediction based on upcoming fork and previous price performance after BTC hardforks.
If breaks previous resistance we could see gold pushing higher
Seems like a Falling Wedge coming from an upwards pole. Nice entry over here for some big bull gains
$PIVX has been in a wedge for over two days now, consolidating horizontally, but I'm calling for a breakout around 12AM CST (GMT +5) if not sooner.