BITBAY:BTCUSD Short the corn or long the bottom? You decide?
XRP/USD is forming it's third falling wedge pattern since September. If we see a breakout of the smaller falling wedge we could see a breakout of the larger wedge. I anticipate this to happen as you can see the volume has consistently risen since December 2019. A breakout really isn't a breakout unless there is volume and that is what we have. If we can break out...
Falling wedge pattern BTC 4H until $6.9k range
EURAUD Rising Wedge Pattern. Target Price 1.61072
A number of points to make. > Descending wedge in play with the probability or likelyhood to break out on the upside > Previous descending wedge did break up > EMA ribbon is hinting a constriction and a breakout near > We have a double bottom with an acting support line from the previous resistance, as per the red zone\line at 68.2% Its possible that its already...
EURTRY Target Price 6.58424
If volume continues to increase there should be considerable momentum for a break-out.
Trade set up for ZCASH (ZECUSD) using the falling wedge pattern. Wait for the broken level of the resistance line becoming support. Enter on the retest of the support line for a LONG position. ZECUSD continued to respect the horizontal support resistance line that I drew weeks ago.
A bearish downtrend into a falling wedge formation, anticipating a reversal and once the bottom wedge-line has been retest I think price action will make a reversal for a big BUY. :)
Falling wedge on Daily/Weekly timeframes that is in sync with a rising wedge on the USDEUR pair. We should see a little boost up before end of august. I'm currently spectator and see if we either retest the support line or try to break up the resistance from here. Only sharing this chart to get some thoughts out of you guys. I'm currently in the middle of the...
ZECUSD Falling Wedge Trade Idea. Characteristics include: Falling Wedge, Narrowing Wedge, 2 Negative Slope Lines
Ethereum Classic ETCUSD Falling Wedge Trade Idea. Characteristics include: Broadening Wedge; Falling Wedge; 2 Negatively Slope Lines; 2 Downward Lines
here we are in another wedge. I believe we are going to the target zone in the 3200-3300. There is a possible retest of the 3700 resistance first before BEAR!
My previous wedge is still valid. Had a $80 fall and rise at the wedge closing. But overall, we are in a bigger wedge. We'll be going sideways for another day. Analysis is still that we're going down to 3200's, we might get a possible retrace to the last support around 3600, then crash down. Go get some sleep.
Updated analysis on current wedge. I had to broaden the wedge from yesterday. I believe we are looking at a crash to retest 3200's lows. We might get a possible bump up to retest previous resistance before downfall continues.
I"ve caught these 4 wedges over the past 3 weeks. I've noticed that whether ascending or descending doesn't matter in crypto, but you will definitely get big price movement at the tip. I buy in when the wedge is closing in and set a very tight stop loss. Then ride out the ridiculous price fluctuations.