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Wedge

Is SEIUSDT Poised for a Breakout or a Trap?Yello Paradisers! Is SEIUSDT about to make a major move, or are we looking at a potential trap? 📉 💎We’ve spotted a descending channel on SEIUSDT, typically a bullish pattern—but let’s not get ahead of ourselves. To confirm this setup and stack the odds in our favor, we need to see a breakout and a candle close above the resistance zone. Without this, it's all just speculation. 💎If the price pulls back, we might witness a potential bounce and the formation of a double bottom pattern—another bullish indicator. However, be cautious. This scenario is risky, especially for beginners, and it’s best to stay on the sidelines unless you’re an experienced trader. 💎On the flip side, if SEIUSDT breaks down and closes below the demand zone, it will invalidate this entire idea. Remember, discipline and patience are your best allies in trading. Don’t jump the gun—wait for confirmation before making your move. Stay sharp and focused, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
SHIBUSDT: Is a Bullish Reversal on the Horizon?Yello, Paradisers! Have you been tracking SHIBUSDT? The recent price action has formed a descending channel, which could be setting the stage for a bullish move. But how can we know if it's time to jump in? 🤔 💎If SHIBUSDT shows a Change of Character (CHoCH) from the support zone, shifting towards a bullish market structure, it could signal a strong bullish move. 💎If the price starts to rise from the current levels, it could also form a W pattern. A breakout and a candle close above the resistance zone would confirm both the W pattern and the descending channel, boosting our bullish bias. 💎However, if the price falls, breaks down, and closes below the support zone, this would invalidate the bullish scenario, signaling that further downside might be ahead. Stay alert, Paradisers! The next move could make all the difference. 🧐 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Will TRBUSDT Trigger a Massive Bullish Rally?Yello, Paradisers! 🌞 Is TRBUSDT about to explode, or will it fizzle out? Let’s dive in! 💎TRBUSDT has broken out of its descending channel and formed a W pattern, which typically signals a strong probability for a bullish move ahead. 💎But here's the key—if TRBUSDT breaks above the resistance zone and closes a candle above it, we can expect the bullish momentum to kick in. 🚀 💎However, if we see a pullback, watch for a potential bounce from the support zone. For those of you who love to scalp, this might be a good area to play in. But for beginners, it's a risky zone—I recommend staying out of it, as the volatility could be difficult to manage. 💎On the flip side, if we see a breakdown and a candle close below the support zone, this will invalidate the bullish setup entirely. So, watch the levels carefully! If you want to be consistently profitable, you need to be extremely patient and always wait for the highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
page industries falling wedge and long consolidation Hi guys, you can see page has fallen from 54349 to 33070 a decent correction and market leader in textiles(under garments) i think next sector will be textiles however page is at very discount price and downside is very limited can see faling wedge refer the above image for other time frames and can expect all time high in long term also after long donwtrend back uptrend disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
NSE:PAGEINDLong
by techno_funda_guy
Suzlon.. currently in Falling Wedge. Looking at this chart of Suzlon Energy Ltd. on NSE, here are some key observations: 1. **Falling Wedge Pattern**: - The recent price action shows a falling wedge, a pattern characterized by converging trendlines sloping downwards. This often suggests a potential bullish reversal if the price breaks out above the upper trendline. 2. **Uptrend Channel**: - The price is still within a broader upward trend channel, indicating the overall bullish trend is intact despite the recent correction. The current price is approaching the lower boundary of this channel, which could act as a support zone. 3. **Volume Analysis**: - Volume seems to have decreased during the recent downtrend. A breakout from the falling wedge with increasing volume could further confirm bullish momentum. 4. **Relative Strength Index (RSI)**: - The RSI is showing a bullish divergence; while the price is making lower lows, the RSI is making higher lows. This divergence is often a precursor to a potential price reversal. 5. **Support Levels**: - The price is near the lower trendline of both the falling wedge and the broader upward channel, around the INR 62–65 range, which could serve as a strong support zone. 6. **Potential Trade Setup**: - A breakout above the wedge with strong volume could provide a good entry point for a bullish trade. Alternatively, if it fails to break out, monitoring the lower boundary of the channel as support would be essential. In summary, the chart shows signs of a potential reversal if it breaks out of the falling wedge. Watching for a breakout with volume confirmation and monitoring the RSI divergence will be crucial for validating the bullish case.
NSE:SUZLONLong
by brijmohan_h
BankNifty - Did You Miss The Explosive Move from 51000 ? Disclaimer: This is for informational purposes only and is not a solicitation or offer to buy or sell any securities or products. Consult Your Financial Advisor As per last idea we proposed that holding 51000 & above BankNifty Index can push upside towards 52050 & Above 52100 - can look for 52900-53100 Happy We achieved 78% of the target & got the maximum points of 1500 points in the Index Last Idea What Next ? Index again forming a similar looking pattern from the highs of 52577 -recent highs & safe traders can look for short term downside moves falling below 52100 towards 51855 - Yesterday's low & 51250 / 51000 respectively. Regards, WaveTalks Abhishek
NSE:BANKNIFTY
by WaveTalks
3
ONGC Near falling wedge pattern 1: 8 Risk reward long setupOil and Gas sector retested the flag pattern breakout. ONGC also had retested breakout given earlier and last daily candle showing rise in volume with positive closing. ONGS also formed falling wedge pattern and we are near breakout of the pattern. I see 1: 8 potential up side trade. *SWING TRADE* Buy ONGC 285 Stop Loss: 279 Target 1 (1:2) 299 Target 2 (1:4) 313 Target 2 (1:6) 325 Target 2 (1:8) 340 _Duration 2-3 months_ Trade as per your risk-taking capacity.
NSE:ONGC
by pramodchoudhari
7