Falling Wedge
Bitcoin went on sale todayBitcoin is still moving within the falling wedge and as you can, a double bottom (indicated by the yellow lines) and has formed on the 1H.
So, the technicals are bullish on the short timeframe, I’ve scooped up some cheap crypto and on the 4h we got a massive rising wedge. But I’ve got more stables to buy in IF we eventually decide to go lower.
This is my publication #21. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know and do not hestitate to send me a message and to leave a comment! I’m also just a trader.
IBUL REAL ESTATE || Opportunity to buy Fourth stock came to our scanner is : INDIABULLS REAL ESTATE
Entry : 145
SL : 132.50
Target : 171.50
Bitcoin's falling wedge Since everybody is screaming mayhem and is bearish I tend to think otherwise and I’ll explain why. We’re seeing a lot of downside action (what I’ve been saying for a while now) thus doesn’t look very surprising to me.
Meanwhile the fear & greed indicator is indicating 22 which means fear hit the crypto market while I’ve scooped up some extra crypto. I think that tomorrow (22 September) the fear en greed indicator will say extreme fear and that will be for me one of the last moments to buy a bit more before we’re going up. I think it’s due to the Evergrande default fear.
Why do I think that we’re going up? We can clearly see that there is a falling wedge (bullish pattern) forming on the daily timeframe. I expect that we can go down further to at least the 0,618 fib level at around 38K.
Also, what I’ve seen here is that the selling volume isn’t that significant if you compare it to the May 19th dump or September 7th of this year. Besides this, the on-chain data is still looking very good. I think that we’d somewhat follow the Elliot correction waves (I probably have made a mistake in drawing these corrective waves please feel free to correct me! I've drawn the lines to give an impression of my thoughts). I’d say buckle up, tighten your seatbelt and hold on because it’s going to be a bumpy ride.
This is my publication #19. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know and do not hesitate to send me a message and to leave a comment! I’m also just a trader.
BITCOIN IS FORMING FALLING WEDGE AGAIN bitcoin is looking very bullish for the week as bitcoin is breaking resistance again and again . once again it is making a falling wedge pattern which is a bullish pattern and if this wedge breaks out then we could see upward movement is price . so keep your eyes open as i think bitcoin is soon gonna touch is psychological resistance at 50k which is a very important resistance for bitcoin and all the traders .
Falling wedge on ETHI’m currently seeing a falling wedge on the 4h. It’s clearly visible that we got a rejection on the 3388 level. I think that if we break out of the wedge we will hit the technical target which will be at around 3500 approximately. It looks like we found support at the 3248 and 3199 level approximately.
Keep in mind that we’ve also got a bullish divergence as indicated by the yellow line. If we see a breakout I’d like to see a lot of volume coming in because of previous support and resistance at the 3388 level approximately.
This is my publication #17. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know and do not hestitate to send me a message and to leave a comment! I’m also just a trader.
Top Continuation PatternRising Wedge Pattern : - Rising wedge is a bearish pattern found in a downtrend. A rising wedge is formed when the price consolidates between upward sloping support and resistance lines.
Falling Wedge Pttern :- Falling wedge is a bullish pattern found uptrend. A falling wedge is formed when the price consolidates between downward sloping support and resistance lines.
BULLISH SIGNAL FOR BITCOIN bitcoin is making a falling wedge pattern . this is a bullish pattern and if it breaks the upper resitance of the falling wedge then this could be your last chance to buy bitcoin
BPCL WeeklyGiven breakout in Daily TF. Can break the falling Wedge in Weekly TF too. Could be a good early entry above 138.
#WRX/USDT CHART Breakout Coming!!!Hello guys in chart you can see it is forming "Falling Wedge Pattern", if this pattern gets breakout than its take profit target would be $1.68....So guys just keep eyes on WRX.
Reliance good long candidate conditional longReliance spot cmp 2105
counter have formation of falling contracting wedge ,, where the breakout and retest is done,, currently counter is trading in symmetrical triangle formation,, break out of which would lead to good up move,,
Rsi and MACD giving early indication with bullish divergence
MAcd positive Crossover,,
Good long criteria buildupp,,
Bandhan Bank Trading in a Falling Wedge Pattern.Bandhan Bank Trading in a Falling Wedge Pattern.
Since the inception of this scrip, it has traded/followed the falling wedge pattern. There isn't any incentive to go long until there is a decisive breakout out of this falling wedge pattern. Decisive breakout means breakout out of the channel on upper side (for long), and then another candle confirming breakout on a weekly time frame. Also, you can see it has taken support and rejection from the dotted trendline drawn inside the wedge. If the breakout happens this week followed by a confirmation candle next week, go long. Immediate targets (remember its a weekly time frame) should be 365, 430, and 537.
I do see it breaking out very soon as lot of other indicators are in favor of breakout. But we never trade perceptions or predictions or for that matter opinion, we trade when price action tells us to.
Disclaimer: The information provided herein is for educational purpose. Please consult your financial advisor before making any decision.
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Falling wedge Breakout and New Higher HighThe stock has given an excellent breakout with a new high formation. The levels are marked in the chart.
DONT MISS THIS TRADE IN CDSL!Chart pattern: FALLING WEDGE
The current market price(CMP) is below 50SMA which is Bearish.
Make sure you enter above 50SMA for an uptrend move.
The sellers volume is decreasing soon Bulls we can expect bulls to come
Can expect maximum 35%return with a risk of 10%
CDSL is Fundamentally strong company
Dividened date is on 5th September. 9rs per share
PIOTROSKI SCORE :8
Stock P/E 56.0
ROCE 32.4 %
Source screener.in
Disclaimer this is only for educational purpose.
Feel free to ask your doubts
VALIANT ORGANICS - Trust the Pattern - PatienceFalling Wedge Breakout.
The orange line in this chart seems to be a very significant line providing early directions of rallies.
Instead of me explaining, a few minutes of observation could give you a better understanding.
NMDC MAKING A FALLING WEDGE PATTERN- BULLISHNMDC has made the falling wedge pattern and one can look to go long on break of the resistance trend line and retest for the following target.
T1-213
