On the above 2-week chart price action has corrected 95% since early 2021. A few reasons now exist to consider a long position: 1) Price action and RSI resistance breakouts. 2) Support on past resistance confirms. 3) Trend reversal. A higher high prints. 4) The wedge pattern allows for a price action forecast to 130. Is it possible price action corrects...
RAYUSDT is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge. Currently the price has given the massive breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target could be...
FX:USDCHF has been in consolidation phase for a long time on the background of a bullish trend, which is formed in the wake of strengthening of the dollar index. There are preconditions that the growth may continue. Today traders are expecting the US GDP, which will be released at 13:30 GMT. In general, expectations are negative, analysts expect GDP to...
US10Y broke out of the orange rising wedge downward. It bounced off of the teal upward trendline, retesting the rising wedge. Last week it also printed inverted hammer candle stick. Next support level would be 3.3%.
While I would never even think of buying Beyond Meat as a product, it does look good as a trade. Earnings yesterday setup a technical rally and a lot of shorts are getting squeezed out of positions. Technically, you can see that price has broken out of a fallen wedge. The first target should be $22. Let's see if we can continue higher from there. I've bought ...
Normalized view on the NASDAQ:MSTR stock price vs. Bitcoin (BTCUSD). On this weekly timeframe you can see, that we're about to get an golden cross (blue MA 50 crosses red MA 200 to the upside). If this price keeps on moving upwards and breaks the triangle/wedge to the upside, it's a clear indicator that one should be better in MicroStrategy than in Bitcoin itself.
I see AAPL forming a possible Falling Wedge pattern….also we had held the $180 support level since we last crossed to the upside back in NOV 2023, retesting a few times since then. I believe we can breakout to the upside retest and continue higher.
Falling Wedge: As Ive mentioned, a falling wedge can be a bullish continuation or reversal pattern. It forms when price action creates a descending channel with converging trendlines, suggesting decreasing selling pressure and potential for an upward breakout. On the daily chart, the consolidation period between January 12th and February 3rd could be interpreted...
As we can see that XAUUSD is respecting a trendline and when it touches the trendline it falls to the downside till the marked support zone and currently it is also forming a rising wedge pattern. Breakout of the rising wedge pattern will result result in a good selling opportunity. Target - 2026.295
Bonk Inu finally regained 100EMA support, time for next bullish wave seems to have come! ⚡️⚡️ #1000BONK/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 5.4% Current Price: 0.013145 Entry Targets: 1) 0.012470 Take-Profit Targets: 1) 0.021189 Stop Targets: 1) 0.008976 Published By: @Zblaba $BONK ...
Hi. BINANCE:RENUSDT ✅Today, I want to analyze REN for you in a Weekly time frame so that we can have a MID-term view of REN regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). REN has broken out of a falling wedge pattern on the 1-week timeframe Price appears poised for significant...
Sell EURCHF after the reversal of AB=CD Pattern and the breakout of Rising Wedge. We'll sell at 0.9537 with Stop loss as 0.95374 and TP1 and TP2 accordingly. I'll take 0.5% risk of my portfolio.
Waves Protocol just printed a morning star on weekly, downtrend seems over and priority is upwards now, targeting 50MA resistance. PSX:WAVES #WAVESBTC #WavesProtocol #DApp ⚡️⚡️ #WAVES/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 3.1% Current Price: 0.0000721 Entry Targets: 1) 0.0000631 Take-Profit Targets: 1) 0.0001234 Stop Targets: 1)...
Small cap value had broken out of the two and a half year consolidation with strength and aims to grasp for new all-time-highs as QQQ/SPY and mag 7 overheat. I always try to hold about 10% of my long-term portfolio in AVUV, I do not rebalance but I add as needed over time. -91$ plus is in the cards, AVUV also provides a decent dividend to boot -Small cap value...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish, trading within the rising wedge in blue. Currently, USDCAD is rejecting the upper bound of the wedge pattern acting as a non-horizontal resistance. Moreover, it is retesting a strong supply zone at 1.36 marked in red. 🏹 Thus, the...
Am seeing a lot of “Short” ideas. A number of messages asking, “is it a good short now?”. 1) Never never short into momentum. 2) Never short against the trend. Higher lows higher highs are printing. 3) Support and resistance. Which is it? Price action has recently printed a significant support on past resistance. Let’s have a look… A) On the above 10-day...
Arweave is coming into a minor resistance level But it is a good example of a falling where the price action gets cornered into the end of the wedge before breaking out to the upside I expect we could see #Arweave surpass the 0.618 Fibonnaci after a pause and go on to hit 50% retracement. As per a measured move taking the top of the wedge distance to the breakoutpoint.
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it declined to support line, breaking $2020 support level. But soon, price turned around and rose to resistance line of channel, breaking this level again, which coincided with support area. Next, price grew higher...