Sxp in long descending wedge, it will have several updates and updates in June. we can profit a lot after wedge damage.
After trading up strongly in late February, OXY went into consolidation for the past 6 weeks, forming a right angle wedge. It is now looking like a breakout to the upside is near. If and when it does start closing above 62.50, i will be looking at targets of around 72 (wedge breakup target) to 77 (a prior high way back in June 2018). Disclaimer: Just my 2 cents...
The Ripple price has plummeted to the lowest level since February as the stocks and cryptocurrency market fell. XRP is trading at $0.7161, about 23% below the highest point this month. It remains about 47% below the highest point in 2021, bringing its total market cap to about $33 billion. Other coins like Ethereum, Bitcoin, Solana, and Cardano have plunged. The...
Beauty is in the eye of the beholder they say... so it is with PXJ at the moment. I see an ascending wedge but also an ascending triangle. One is bearish while the other is bullish. Both are decently high-probability setups. Ok, so they're not drawn textbook style but there're reasons why I've ignored certain bars. So someone else could probably see...
NZDCAD falling wedge (4H-2H chart). Possible long on breakout.
Bullish wedge seems to almost finish forming but we would need to see a bounce from this 4319-4385 zone on /ES mini... time is 11:30 now + gap to fill.
ADA forming a bearish wedge. Lot of long traders about to close their positions. Price going to fall.
see and watch :) After breaking the downward wedge pattern, the price pullback to it and seems to be ready to up ...
Rising Wedge pattern on Bitcoin chart. While price was going up, volume was going down. So, price action could be printing a bull trap. The support already broke down once in the Asian session. You might open a short position.
BTC Appears to have fully formed a rising wedge on the current downtrend in the 1hr timeframe, and from knowledge of chart patterns ad price action, it is obvious that a rising wedge on a downtrend is a trend continuation pattern. This downtrend would be met with a previous zone of support at the 42,400 regions. This could lead to a bounce to the top side,...
After the break of structure we expect a long position
Explanation: I'm expecting GBPJPY to sweep the highs grabbing liquidity to then see a further downside! Ain't looking for any sells right now until I see a BOS, Once this has happened I can then confirm sellers have stepped into the market and it's time to follow the move down. Will be looking for sells on the retest into a new Order Block / Area of supply ! ...
Failed breakout turned to a bearflag with 9EMA losing near the wedge support...not looking good here...most likely a rollover candidate next week. UNLESS it can claim EMA and reach 10.90 Lot of work needed from the bulls to inspire confidence.
The price is in an interesting region on the Pitchfork fork. And MACD is confirming uptrend. A good time for entry I believe is at 50% of Fibo correction. The uptrend will expand upon breaking above the wedge. Against Bitcoin, the asset is also at an interesting moment. We had a rejection of the last support breakout, and consequently a diagonal resistance breakout.
On the intraday chart we have an ascending wedge, which is a bearish pattern. I believe it doesn't break the $50,000 right away, which is a psychological resistance. Expecting a dip in the Fibonacci region for a more consistent rise.
It Seems BTC is forming a Rising Wedge pattern. If the formation of this pattern is confirmed, we should expect a breakdown.
Possible Running Wedge, if so the target could be 70,000 for this summer There, we would be in the selling zone, if a break up above 70k is confirmed, a new bullish phase could start again, if instead the resistance (the high side of the wedge) is confirmed, the bearish target could be 40,000. It is interesting to note how the dotted trendlines perfectly respect...
Price reacts on support at 50% Fibo level. Possible continuation of uptrend from now or from lower 61.8 Fibo retracement. Breakout from descending wedge pattern would be confirmation of uptrend resume.