I know a lot of traders who are in the SQQQ banking on the idea that its on its way to retrace it's gigantic historical prices. I trade by patterns. Sometimes they work, sometimes they fail, for me they succeed more times than fail. What I see in the SQQQ is a rising wedge pattern. Rewind the clock 20 years ago and I would be chasing this breakout with the rest of...
Hello TradingView community, today we’re looking at AVAXUSD as price remains in a solid-looking downtrend. We are watching a consolidation pattern that could be a descending triangle or a wedge type pattern in the existing trend. The key for us is at 28 support. If sellers break this level, the continuation could be on, and we would like to see a new LL set to...
Let's see the chart. It's a broken rising wedge. I opened this position in Breakout.
ETH Wedge Pattern — can signal either bullish or bearish price reversals
Good Evening Traders, I am back after TV banned me for a week. Apparently, I broke house rules by referencing a site I maintain outside of TV. Anyways, I had put out the following post to all my other SM sites this morning and it is still valid. ----- I put out a potential short trade opportunity on BTC yesterday if we dropped below the 29k mark and confirmed on...
BTC at around $28,700 area right below what used to be a strong support level at $29,000. BTC has tried 3 times to go over $30k but it has failed to break substantially above it forming a wedge pattern. The 200ema is above the 50ema and below that the 20ema, signaling bearish momentum. The most likely scenario is that we go back down to that $27k area before we...
lot of people had lost money buying luna and investing in ust and wanted to recover their losses This might be your last chance to buy bitcoin at the dip. BTC had made a higher high and higher low, This is a bullish formation given the potential of a wedge pattern. Now , btc is doing a small abc correction before going up to the upper trendline of the wedge...
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big move coming here soon, one direction or another.
Here are a few of the things I am watching on the weekly TF. Of course, we need to see how the weekly closes, but those waiting for $20K may have been front-run. We need to see a breakout above ~32000 and then ~38000. Further downside may see targets of 22K and then 20K.
The falling price of Bitcoin is very scary, I know. But taking a look at the charts and zooming out, there could be some hope though. A falling wedge might be on the horizon and an oversold RSI might indicate that a rebounce can occur. Take note that this wick down also bounced of a CME gap that was there for months. Now there is a CME gap above us. Now I am...
Hi dears The chart appears to be moving in a flag-like descending pattern. Just like the NZDJPY chart I analyzed, the AUDJPY chart will continue to fall in the coming days. Whenever the dotted line is broken, this drop becomes stronger. Be sure to look for sales in low time frames. For daily confirmation, see the daily chart below 🙏If you have an idea that...
Nothing has really changed fundamentally in crude oil; the technical picture has been updated to a wedge to reflect the recent price action. Trade remains constructive. Buying the bottom of the range and collecting positive carry. Demand for end products remains high and will be supportive. Prior thesis: I think structurally (fundamentally) crude oil needs...
The price is testing the demand zone on 0.26$ below the monthly support on 0.29$. On the daily timeframe the price is creating a descending channel, and now the price is creating a falling wedge inside it. How to approach it? We need to wait the clear breakout from the supply zone at 0.35, where the market has the dynamic and static resistance. IF the price is...
Bull flag on weekly, but I have my doubts this breaks out unless entire crypto market pivots. Could be merely a technical bounce here both on previous top from last May + bottom of weekly descending wedge. There's decent r/r on a bounce attempt for $100 which is a psychological level as well as where there was indecision (doji) 3 weeks ago. Scenarios I see from...
On logarithmic scale. Before we had a clear bullish flag, pennant etc. It seems like we either bounce here or fall into a falling wedge pattern until start 2023.