BITCOIN still in Bearish Zone#BITCOIN 1-hr. Chart Analysis
As per present cycle of Descending Broadening Wedge Pattern of CRYPTOCAP:BTC , soon it takes a little pump up to $25.5k to $25.7k but as per complete cycle of Bearish Pennant Pattern it will be declined for uptrend cycle and goes towards $24.5k to $23.5k soon with another Dump into market and may be it will happening into next 2-3 days.
Always #DYOR before investing in #Crypto and Trade wisely by using of #StopLoss
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Descending Broadening Wedge
BITCOIN still under #BearishZone#BITCOIN 1-Day Chart Analysis-
As per CRYPTOCAP:BTC daily chart, Yearly Cycles running into Ascending Broadening Wedge pattern, then its final wave is nearby touched their support level and soon break-out up to $22.5k to $19.5k to complete its Bearish Zone cycle up to 5/7 sept., while monthly cycles moving under Descending Broadening Wedge Pattern, and as per that after the current downtrend completing, its upper Bullish divergence starts soon from mid of Nov. 2023.
At present, market is under volatile situation and Bears & Bulls both ready for their move, and Whaler's are also find the easy gap of 6k-7k for big Pumps & Dumps on this situation. So, as per that chart pattern will be change too, but majority of chances of Bitcoin moves as per given pattern.
Always #DYOR and Trade with #StopLoss, It's #NFA
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BITCOIN at Descending Broadening WedgeBITCOIN 4 hr. Chart Analysis
As per present CRYPTOCAP:BTC movements in Descending Broadening Wedge Pattern, that starts from last high of CRYPTOCAP:BTC on 22 June at $31.25k, its finishing point is around 12-15 July and it will be the last time next ATH of approx. $32.8k to $33.3k and get reversal very fast towards FWB:29K -$30k, before $33.5k mark that is another strong resistance & Support of previous timings.
Also, as per FIB extension move, it will be rejects once in July to for Bearish Zone and up to august Bitcoin goes in Sideways, while Altcoins will be start to performing well this time.
Always #DYOR and Trade Wisely with #StopLoss
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MATIC into Bullish Target in 24 hrsMATIC 15 min. Chart Analysis
MATIC performing very well at this time for traders, In previous cycle of Pump n Dump, it created best cycle of Bearish Flag pattern in short terms and Descending Broadening Wedge of Bullish cycle in Long term cycle and it will be soon break their 70 cent Uptrend target within 24 hrs. too.
Every thing displays in Chart, just follow it...
Always #DYOR and Trade by using #StopLoss
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HINDALCO: Descending Broadening WedgeHINDALCO formed a Descending Broadening Wedge Pattern on 4-hour chart after the price peaked.
Right now price is at resistance and is on the verge of giving a breakout.
EURUSD with broadening wedge on April last weekEuro against Dollar , buyers dominated throughout the month of April, on the last week of the month price looks retrace the 1.20700 area before going up,
Analysis only for education purpose
Descending Broadening Wedge Pattern Breakout in HDFCBANKIn today's session, the last 15 minutes candle gives breakout of descending broadening wedge pattern in HDFCBANK. After this breakout expected 1672+ target in HDFCBANK. We can go long above 1620 with a close stop loss in 1605 for this target. Here we can achieve 1:3+ risk-reward in this trade.
COAL INDIA - Descending broadening wedge at monthly TFCOAL INDIA - Descending broadening wedge pattern formation at monthly time frame
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
EURPLN Plays for a Upside Breakout from the Right Angled WEDGEEURPLN had been consolidating within the Descending Broadening Wedge Pattern, since 9th November. After testing the upper trend line for the fourth consecutive time, prices registered a breakout from the pattern. In addition, the bullishness in the pair is being underpinned by the stochastic indicator, where the %K line (sky blue line) is moving above the %D line (red line). The prices are now attempting to move towards its target profit and thus traders can grab the buy opportunity and keep the profit target at 4.6000 level. Simultaneously, the stop loss can be set at 4.4686 level.
Trade information
Take profit 4.6000
Stop-loss 4.4686
USDSGD Plays for a Upside Break from Descending Broadening WedgeUSDSGD has been forming lower highs and lower lows within the Descending Broadening Wedge Pattern, since 9th December. After testing the upper trend line for the fourth consecutive time, prices registered a breakout and have sustained above the pattern. Moreover, the formation of Three White soldiers candlestick pattern, confirms the potential uptrend in the pair. In addition, the red signal line of the Custom Moving Averages indicator is trading below the prices, thus indicating of bullishness in the pair. The prices are now attempting to move towards its target profit and thus traders can grab the buy opportunity and keep the profit target at 1.34769 level. Simultaneously, the stop loss can be set at 1.33143 level.
Trade information
Take profit 1.34769
Stop-loss 1.33143
IGL - Long on breaking upside - PositionalIGL has broken slow out of a descending wedge. The stock has had a considerable fall after recovering beautifully post COVID. Now, it seems like the stock has slowly begun it's up move again
The Stock has consistently followed pattern breakouts/breakdowns prior to this. (As shown in the chart).
See a long above 420 (safer 425) for the next Fibonacci targets (all mentioned on the chart for you all)
KRAFT HEINZ CO ready to break the descending broadening wedge?Good LONG opportunity on KHC if it breaks to the upside with good volume the descending broadening wedge.
Theory1.1Descending Broadening wedge pattern..
Most commonly a reversal pattern..(upward breakout 79% , ref thepatternsite.com)
Disclaimer...Not an investing/trading recommendation...
Trade possibility : Descending Broadening Formation The Stock has nicely formed the "Descending Broadening Formation" which could be used for trading. How to trade it : if it breaks the upper horizontal line and stay there for some period one can go long. If it gives false breakout and come back immediately to the the upper line one can short the stock. Good Luck
Nifty Hourly (Bullish Scenario)* Bullish Harmonic
* Descending Broadening Wedge
* Rising trendline
* Bullish Stochastic
>>9040 negates bullish scenario
