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Rising Wedge

Rising wedge? (BTC) bearish pattern most of the timeHello friends & community, I've spotted a rising wedge, now sometimes these patterns do break up but historically they're bearish patterns that break to the downside and retest market structure level of support which in this case would be around $48,000 - $49,000. I'm not really trading yet, still got a few things in real life I'm dealing with but wanted to point it out and start getting a feel for the market going into 2022. Please like/comment to show your support. 👍
BYBIT:BTCUSD.PShort
by YurloTrades
4
TSLA Stock Analysis and market prediction Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ TSLA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TSLA is performing more or less in line with the market. TSLA has been doing really well for itself, The Bullish trend for the stock has started back in August and the stocks seems to be trending in a Rising wedge pattern which indicates a reversal soon but there are no signs for a breakout yet. Both the short-term and long-term trends are positive. This is a very positive sign. The stock is trading at 805.72 and it's nearing the resistance level located at 808.63 with a strong upward momentum which indicates a breakout of that resistance in the next day or so. This will lead the stock to have it focus on the resistance at 822.31 where the next target for the stock will be. But we might see some pullback that could lead to a drop in value for the stock but it shouldn't be further than the support located at 784.54. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign) 2) The STOCH has reached overbought zone which could indicate a small pullback. a positive crossover between %K (90.26) and %K (80.01) which indicates a Bullish move. 3) The RSI is at 68.32 showing Great strength in the market. With no divergence found between the indicator and the market Support & Resistance points : support Resistance 1) 770.15 1) 803.90 2) 754.81 2) 822.31 3) 736.40 3) 837.65 Fundamental point of view : TSLA's Return On Assets of 3.90% is amongst the best of the industry. TSLA does better than the industry average Return On Assets of -0.34% and TSLA shows strong growth in Earnings Per Share. In the last year, the EPS has been growing by 172.10%, which is quite impressive. New Caledonia's Prony Resources said on Wednesday Tesla (NASDAQ:TSLA) Inc had agreed to purchase more than 42,000 tonnes of nickel in a multi-year deal - a pact that is set to make it a key supplier of the metal to the U.S. electric car maker. Electric vehicle makers have made securing sufficient supplies of nickel - a key ingredient in automotive batteries - a top priority and are particularly keen to seek out sustainable and low-carbon nickel supplies. Tesla, which serves as an adviser on product and sustainability standards to Prony, also signed a deal to take supply from BHP's nickel operations in Australia earlier this year. Prony did not disclose how many years the deal with Tesla will run for. The automaker is expected to deploy around 30,000 tonnes of nickel in batteries this year and is likely to rapidly ramp up its nickel consumption in the coming years, said Steven Brown, a Sydney-based independent expert on battery minerals. According to Reuters This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
NASDAQ:TSLALong
by GabiDahduh
USDCHF Roadmap**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
1
ETC/USDT : LONG or SHORT ? BINANCE:ETCUSDT Hello everyone 😃 There are two opportunities om #ETC's chart. #ETC is moving in a rising wedge, Witch is technically bearish and Also If we ignore the higher line, There will be a bullish triangle ( flat top triangle ) formed ! So you can use the both side to take advantage. - If #ETC break below the wedge, The you can take SHORT after a retest on the breaker line ( $55.77 ). - If #ETC take hold above the breaker line and break above the resistance zone then you an take LONG on a retest of broken zone ! 🔴 I'll track the info and let you know about the entered position. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
by Helical_Trades
10
IOTXUSDT - How to find a good project?I had a question from one of you about this coin, and decided to show my method of madness on how to find low/micro cap coins to invest in. Sources of basic information: www.livecoinwatch.com coinmarketcap.com Answer the questions using the above sources: Who are the founders? (and are they trustworthy with my money) Stalk them! You are about to give them money. What is the purpose of the project? I personally like protocols (ETH, SOL, AVAX), DEX (Uniswap), and unique utility (Think DOT and LINK) Is anyone currently working on the project? when is the next update? Website? You can learn a lot about what is going on with how well the website is built and upcoming milestones. Technical analysis: First, I would like to note, that I don't normally just ape into anything even if I think the project is good. I like to watch the price for a period of time to get a grasp of what is a good value buy. Second, I would look at the chart and understand how much has it moved in the last 30-60-90 days and set a short/long term buy spot. For example here: now looks like a good buy spot and then sell around the $1.8 to $2 mark and wait for the correction. Due to my first rule, I would wait until after the correction. My Chart Summary: The chart has a bullish and bearish pattern formed on top of each other. It looks like the bullish Cup and Handle will play out first with a breakout to about $2. Followed by the bearish pattern playing out with a correction down to potentially $1. This whole chart does resemble a Elliot impulse wave with the rising wedge as wave one, first part of the cup as wave 2, second part of the cup as wave 3, handle part 1 as wave 4, and second part of the handle will be wave 5. The final correction to the second rising wedge will form the A-B-C correction post Elliot impulse wave. Finally: Technical analysis is nothing more of a possible solution to the current snapshot in time shown on the chart. Many things can develop over the coming weeks and months as we end this bull run. this chart could look totally different in a month with a look back at this post being totally wrong. With that said, nothing about this post is financial advice and I am not a financial advisor.
by Jfcaldwell
4
Attention; Bearish Butterfly on BTC The B point of the Bearish butterly pattern is at 57143.51 which is 0.786. Therefore, if this formation is to work, a pullback from this level may occur. If this analysis works, there could be a downward breakout of the rising wedge around 51,600. After the re-test of the breakout, BTC may fall as low as 32,036. This point is the C level of the formation. BTC's new target is around 87,100k after the downtrend breakout, indicated by the red line. This point is also the 1.618 point of the formation. The 87k value is also the upper bound of a trend drawn from the 2019 high and 2021 high peaks. This analysis is the detailed version of the analysis that I have done in the previous days, which includes the potential bearish butterfly pattern formation. The stated levels are only estimates. It is not investment advice.
by WelcomeToTheSpaceJam
RISING WEDGE ON 4h! First to $47-48K before rally towards $63K?Hello everyone, This is not financial advice, but based on the chart from around 10 days to now I see a rising wedge forming on the 4h chart. If this plays out, BTC should find support somewhere between $47K and $50K, depending on how high it goes before the breakout. I am very bullish on BTC and think a small correction would be perfectly normal since the price has been rallying like crazy for the past 5 days now. Best bullish scenario imo: Now to $53K > get rejected > breakout from rising wedge > find support at $50K (but could be $47K) > back to $53K > breakout to $63K! Give me your thoughts on this in the comments!
Short
by MendozaJR
price action patterns you need to know ( part 4 ) hi my friends , i'll share with you some patterns which can help you in trading ( part 4 ) Falling Wedge appear in downtrend and it indicates that the sellers are losing momentum in the market, and the buyers are gaining momentum ( long ) you can go long after the break or the retest of the trendline . rising Wedge appear in uptrend and it indicates that the buyers are losing momentum in the market, and the sellers are gaining momentum ( short ) you can go short after the break or the retest of the trendline note : Usually we find there is a divergence in the RSI indicator and this can be used as confirmation . please support me with like and follow me for more ideas .
Education
by Diamond_Chart
2
SPX - October updatePrevious analysis's October 1 - Sept 21 - pre-warning of the rising wedge Hello Traders and Analysts, Breakdown: 1. Note 2. Contents 3. Research breakdown 4. Education recap 5. Information on Lupa. A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged short, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note - the overall trend is bullish. Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Scarlet - Four day Orange = Daily Green = 8 Hour, 16hour Grey = 4hour Pink = 1 hour Bearish Channel upon a diagonal forming? 8Hour time frame. Not looking trade this pattern as yet, due to the fact, the channel upon the higher time frames, looks to create a high probability of rejecting the 4400 mark and creating a further high. However, keep in mind this scenario will form an opportunity for short term traders. See below for the measured update to the 8-hour rising channel. You can look for a test, retest break sell - which is known as a The Daily chart shows us a steep wedge formation - just like the three day chart. Weekly Chart The Fibonacci from the swing low - to the top of the market, which created our new "0" as the new all time high part of the structure. The Continuation of the weekly imbalance had created a new area on the weekly, and bi-monthly timeframe - which offered a 0.236 Fibonacci retracement, indicating that the buying imbalances are still present. . Now the -0.27, -0.618 extension targets are reached. The Wedge channel had begun and created a very strong channel with an effective structure of the sellers attempting to make an imbalance. The channel has now provided areas where price can pivot to. The monthly has a future strong imbalance formed. The three month indicates where price can be used for buying activity* So long as price reacts to the 61.8 & 70.5% levels. See the Pathway where price can take us, using the probability of a bearish imbalance formation. Chinese situation: A quick insight to how the Chinese market works The chinese property is leased for 70 years from the government who will be brought up by Real estate companies who will design and pre-sale units to investors, who will buy off plan using deposits. The cycle of funds will allow the developer to fund the next, complete or buy further leases for the next project, leaving a debt cycle Referring to China A50 USD - the FTSE China 50. Collapse of Evergrande Regulators have warned that its $305 billion of liabilities could spark broader risks to China's financial system if its debts are not stabilised. This will have ripple effects upon the US, Australian market relating to commodity imports from Australia with Copper, Iron has hit these commodities with creating imbalance sells upon the metals. China - will the CCP allow Evergrande to default? "Evergrande's woes also pressured the broader property sector, with Hong Kong-listed shares of small-sized Chinese developer Sinic Holdings (2103.HK) down 87%, wiping $1.5 billion off its market value before trading was suspended" Reuters. Whilst the Chinese real estate market has large multiple ratio where the Chinese seek the real estate to be a wealth inidcator. Despite the prices of price to income ratio as a whole in china the property price is 27.89x the avg income. Expressed as a mortgage % of income is 223% of monthly income. Source: www.numbeo.com What do you think about the current state? Do you enjoy the setups? Professional analyst with 5+ years experience Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXI
OANDA:SPX500USDShort
by LupaCapital