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Wedge

Sol could soar 11%Solana has broken out of the wedge pattern that has dominated its price movement since November 22nd, as it attempts to catch up with Ethereum and Bitcoin. The price pattern will remain valid as long as it trades outside the wedge, particularly above the $235.70 level. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:SOLUSDLong
by ThinkMarkets
1
Bitcoin can enter to seller zone and then start to fallHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a few moments ago entered a wedge, where it at once rebounded from the support line and started to grow. In a short time, the price grew to the 91500 support level and even a little higher, reached the resistance line of the wedge, and then made the correction, after which some time traded inside the buyer zone. Later BTC broke the 91500 level one more time and rose until to the 98000 level, which coincided with the seller zone and even entered to this area, after which it turned around and started to decline. Price exited from wedge and started to trades inside range. In range, the price declined below the 98000 resistance level, to the support level, after which BTC turned around and quickly rose back. Price some time traded near the resistance level and recently it little declined, but then started to grow. So, in my mind, BTC can enter to seller zone and then start to fall to the support level. For this case, I set my TP at the 91500 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
8
Be careful with EGLD !!!EGLD is forming a falling wedge on Daily timeframe , Up we go if we do breakout. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
I Cannot Short This !!!BINANCE:COTIUSDT is showing bullish momentum after successfully breaking through its descending resistance. The price tested the demand , a critical area to watch. If the price manages to rally from here and breaks above the 0.145 resistance level, we could see a significant shift in market structure, leading to a strong upward movement toward major resistance targets. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
1
Frankly, I don't feel like explaining, the chart says it all !!Finally, the wedge broke .The price can reach the shown targets. That's it. previous analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
1
ETHFI → A door has been opened to the bulls. Resistance retest BINANCE:ETHFIUSDT is forming a bottom. The coin continues to accumulate potential giving signs that the price is preparing to go up. The fundamental background is changing to favorable The U.S. presidential election and Trump's victory have a favorable impact on the cryptocurrency market in the medium and long term. This will be especially visible after the inauguration of the new (old) president :). Fundamentally, the market opened another door.... Technically, there is a clear bottom at 1.092 with no attempts to renew the low, and a basic cascading support is formed, indicating the buyer's strength. The focus is on consolidation of 1.798 - 1.092. The price exit from this channel will be accompanied by a strong distribution (most likely upward) Resistance levels: 1.798, 2.761 3.240 Support levels: 1.302, 1.092 There is a conglomerate of resistances ahead (descending line and channel boundary at 1.798). In the near future the market may continue to test this area with a breakout target. If the bulls can keep the defense above these areas, the rally will not be long in coming. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHFIUSDT.P ;) Regards R. Linda!
by RLinda
2
VanEck Retail ETF | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # VanEck Retail ETF - Double Formation * Resistance At 195.00 | Area Template Uptrend Bias | Subdivision 1 * Pattern Involvement | Neckline At 182.60 - Triple Formation * EMA 20 & 50 | Support Entry Bias | Subdivision 2 * 012345 | Angle 1)) * Wedge Structure | Pattern Alignment | 50% |Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:RTHLong
by TradePolitics
S&P 500 Wave Analysis 4 December 2024 - S&P 500 broke round resistance level 6000.00 - Likely to rise to resistance level 6130.00 S&P 500 index continues to rise steadily after breaking the round resistance level 6000.00, which stopped the earlier upward impulse wave at the start of November. The breakout of the resistance level 6000.00 accelerated the active minor impulse wave 3 of the intermediate impulse wave (3) from August. Given the strong daily uptrend, S&P 500 index can be expected to rise in the active extended daily Wedge toward the next resistance level 6130.00, target price for the completion of the active impulse wave 3.
CBOE:SPXLong
by FxProGlobal
NEM - Falling Wedge ABCD PatternNEM is formed a falling wedge from recent highs and currently making falling wedge with ABCD pattern. This means there is one more leg downwards to go. In ABCD pattern, the size of the second move downwards is very much the same as first move (either in $ or % terms). The projected price of completion of this falling wedge with ABCD pattern is between 30.22 and 20.50 because this coincides with: - a number of trendlines and major support zone from Weekly timeframe meet around 30.22 and 29.50 (point D) - gap fill is also at 29.87 Also, if we look at price range of first wedge pattern drop, it was about 31% (from point A to B). With the formation of ABCD, the second wedge pattern price drop is also likely to be about 31% from point C to D of ABCD pattern.
NYSE:NEM
by I_M_Shoaib
13
HMY - Falling Wedge ABCD Pattern HMY is formed a falling wedge from recent highs and currently making falling wedge with ABCD pattern. This means there is one more leg downwards to go. In ABCD pattern, the size of the second move downwards is very much the same as first move (either in $ or % terms). The projected price of completion of this falling wedge with ABCD pattern is between 6.13 and 5.43 because this coincides with: - a major support zone from Weekly timeframe at 5.90 (D) - Fibonacci retracement level of 0.618 is at 5.90 - gap fill is also at 5.90 (D) - a major support zone from Weekly timeframe at 5.43 Also, if we look at price range of first wedge pattern drop, it was $3.75 (from recent highs). With the formation of ABCD, the second wedge pattern price drop is also likely to be 3.75 from C point of ABCD pattern. This coincides with 6.13 price level.
NYSE:HMY
by I_M_Shoaib
Wedge accumulation forming on BTC dailyA wedge structure, consolidating price action forming on the BTC daily chart. I would generally consider this to be a bullish continuation pattern. There is the chance that it could break down of course. Volume is decreasing in the pattern which is further support of the idea. In general, these are sized up by the price difference between the opening end (left side) of the beginning of the wedge. It isn't possible to make an exact prediction until the breakout but roughly we should expect a $9,000+ breakout (up or down) once the wedge pattern is broken. Often there can be a retest of the wedge but it is a small wedge and BTC is overall really bullish right now, so I would expect it to just run again after the breakout.
BITSTAMP:BTCUSDLong
by wuliwong
2