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Rising Wedge

DOT: plan for the next few months, Dump and big pumpDOT is overall bullish, but I am still expecting a final correction. We have a total of 4 swing highs next to each other, which is a good opportunity for whales to take all stop losses from traders. Do not get caught in the trap and follow my plan. Buy DOT lower and expect a strong bull market this year! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! The network uses an NPoS (nominated proof-of-stake) mechanism with validators and nominators.Nominators back validators with their tokens. These staked tokens maximize chain security by making it prohibitively expensive to misbehave. Validators are staked on the Relay Chain and confirm transactions coming from the different parachains. This unique validity scheme enables chains to interact with each other securely under the same rules, yet remain independently governed.
Long
by Xanrox
4
Manta Network(MANTA) is Ready to Correct at least ➖10%📈Today, I want to analyze a Token for you, which was one of the trending tokens of the cryptocurrency market in the last few days; the name of this project is Manta Network(MANTA) . 📚 What Is Manta Network(MANTA)❗️❓ Manta Network is the modular ecosystem for web3. Users can build and deploy any Solidity-based decentralized applications on Manta and leverage its technology stack to deliver faster transaction speeds than an L1 and lower gas costs than an L2. ✅ Manta Network(MANTA) reacted well to the 🟡 Potential Reversal Zone(PRZ) 🟡and started to decline. 💡In terms of Classical Technical Analysis , Manta Network(MANTA) managed to form a Rising Wedge Pattern . 🏃‍♂️Currently, Manta Network(MANTA) has broken the lower line of the Rising Wedge Pattern and is moving in a small ascending channel , which can act as a pullback . 🌊According to the theory of Elliott waves , it seems that the Manta Network(MANTA) has succeeded in completing five impulse waves , and we should expect corrective waves in the coming days. 🔔I expect Manta Network(MANTA) to fall at least to the 🟢 Support zone($3.365-$3.260) 🟢 after breaking the lower line of the ascending channel, and it is likely to experience further falls . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Manta Network Analyze (MANTAUSDT), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
15
🚧GTAI is Bullish now🚧 & many Traders don't see it 👀!!!Hi . KUCOIN:GTAIUSDT ✅ Today, I want to analyze GTAI for you in a 2H time frame so that we can have a Short-term view of GTAI regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts). ➡️ As you can see, the price completed its downward waves ( ABC )after breaking Rising Wedge, and now it's time to confirm the breaking of the ascending triangle, After then The price will rise And starts 5 WAVES ascending and rise up to top of Channel. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟! ⚠️ Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
8
Rising Wedge - AJHere I have AUD/JPY on the 4 Hr Chart! Price has been outlining what looks to be a Rising Wedge since its First Touch of the Rising Resistance on Dec. 19th. The RSI has given a Bearish Signal along with working down underneath 50 which leads me to believe we will be seeing some Bearish Pressure. My bias on this pair is BEARISH with important news events on the way later today. Fundamentally this week: AUD - CPI (Tonight) JPY - Clear *If CPI comes in AT or LOWER than Forecasted, AUD will lose its interest and will make the JPY more FAVORABLE! If we get a Valid Break and Close underneath our Rising Support, I will be looking for Selling opportunities to take price down to the Support Zone underneath.
Short
by Novi_Fibonacci
It seems to be time for the Digital Gold to take Breath.After having a decent run for the past 12 months Bitcoin seems to get some relief for the sake of its healthy and strong uptrend movement. So What do we have in the market right now? In this post I will cover the scenarios related to the 1D time frame. As we all know the space we found in crypto is so much dependent on fundamentals the ETF was one big thing which runs the market for the past 6 months. And as we all know the game is played holding the motto "Buy the Rumor, Sell the News" most of the long position holders are going short and might as well be moving to CRYPTOCAP:ETH - the next contestant to get an ETF approval. For now Bitcoin just showed a bearish sign forming a rising wedge break out and MACD turning bearish for the short term. Besides a bearish divergence is already formed if you can see on the chart depicted by the yellow broken line. A retest of the rising wedge support line is possible while bulls try to get the throne back again. In addition candle stick behavior is also showing bearish sentiment if we consider the recent moves CRYPTOCAP:BTC made forming an inverted hammer like with a strong bearish candle formation. For now I am seeing CRYPTOCAP:BTC correcting in the short term. I will be updating which prices to watch closely. If things go as expected in the same manner as it is the breakout confirmation will most probably take Bitcoin to the recent 50% fib level at around $37K area. After watching out for the retest move and considering the ichimoku cloud on the lower time frame will be our confirmation.
Short
by cryptotalk_et
GDP/USD SHORTWe posted a few hours ago a chart to show why we think the dxy will be bullish over the next few weeks. This can be a great opportunity to short an asset showing weakness against the dollar, such as the pound. GDP/USD in a perfect rising wedge where each higher high is increasingly marginal. The rounded top suggests lack of demand and when you couple this with bearish divergence you can clearly see that the buyers might be exhausted. You should wait for a breakdown in this situation to confirm. However we are going to position ourselves partially within the wedge as there is a clear bearish bias and the DXY is positioned perfectly for this trade. Also key to look for a marginally higher high again, that would indicate more weakness.
Short
by SynergyTradingSetups
2
BTCUSD → Fundamental and technical analysis in the same rut Bitcoin BINANCE:BTCUSD continues to consolidate within an ascending triangle. Recently, the market was spooked by strong sell-offs, but, technically and fundamentally, nothing terrible happened. On the chart we see several important nuances: long shadows, ascending triangle, false breakdowns of local support zones, false breakdown of resistance, which is another trap from the market maker. The market continues to prepare for further growth. Trigger zone, which can provoke a volume surge and strong impulse - 44350 - 44500. False breakdown of resistance and further sell-off at 4500$ is related to rumors: BTC's fall came amid the publication of an analytical report by Matrixport, in which the authors wrote that the SEC will reject applications to launch spot exchange-traded funds (ETFs) for bitcoin on a number of grounds. The sharp drop in the price of the first cryptocurrency triggered a massive liquidation of traders' margin positions on crypto exchanges. Still. As much as analysts, small and large traders would not want it, but the cryptocurrency market pays huge attention to the fundamental component, and only then to technical analysis. Everyone is now in the moment waiting for a decision from the SEC and in all likelihood they will approve applications for a spot BTC-ETF. The initial market reaction is predictable, but time will tell how this situation will play out in the medium and long term. Support levels: 42K, 41640, 40660 Resistance levels: 44350, 44500 Consolidation continues. In this case, the nature of consolidation is related to the fundamental component. The recent hype, crypto-spring and active consolidation is connected with the theme of BTC-ETF, though this theme has bored everyone lately, but the market is waiting for it. As the prerequisites are inclined to the breakout of limit resistance and growth, we join it. The nearest target is 48K Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
46
Bearish Scenario for EthereumIf the weekly wedge is drawn from the line chart like this, it gives us a bearish rising wedge that has already had a weak and failed attempt to breakout from the top. Failed breakouts (or failed breakdowns) tend to be strong indicators that - if another breakout attempt doesn't succeed soon after - expect the breakdown instead. Should ETH see that breakdown, it may occur after losing ~1700 and then target right around or just below ~1k where TP 1 is. It may not make it to TP 2, but could see a double bottom somewhere between TP 1 and 2 or near the wick low from June of 2022. Alternative - there is a bullish way to draw the wedge on the weekly candle chart that would instead target 3k and then 4.5k, here is an example and I've linked the related chart in related ideas as well:
COINBASE:ETHUSDShort
by dudebruhwhoa
Possible Move Down to Daily SupportBitcoin Dominance may move down to daily support around ~48-49%. Confluence: It has failed to remain above 53.2%, which is the bottom of a resistance area Not pictured: it has also lost the 50 day SMA and is presently pushing on the 50 day EMA It has formed a smaller rising wedge as it moved into resistance and broke down from the bottom of that wedge (light blue diagonal) targeting ~49% for its 1x measured move down. There is a larger rising wedge (white diagonals) that will see a confirmed breakdown if the smaller one above hits its ~49% target, and its initial target is bottom of daily support @ ~48% How this could be invalidated: A reclaim of the 50 day SMA (not pictured). Get back above the 53.2% level and continue pushing through resistance. Move back above the smaller rising wedge's bottom and get above the shared top from both rising wedges Here's a look at the chart above, but with the 50/200 day SMAs and EMAs: Thanks ahead for reading and sharing your thoughts! - dudebruh
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
1