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Descending Broadening Wedge

Hidden Bearish Divergence at a 50% RetraceI think XRP has had enough upside from here and will reverse between the 50% and 61.8% retraces. A few days ago i was Bullish on XRP at the bottom of a descending broadening channel but we have since reached the top of this channel and are now showing signs of 4 hour hidden bearish divergence on the RSI. If this continues and we see a reversal from here then i'll expect XRP to go as low as 37 cents near the 886 retracement on the daily timeframe.
FTX:XRPPERPShort
by RizeSenpai
XRPUSDT Ripple - Descending Triangle-We have 3 touches at the bottom and 2 touches at the top of the triangle. -Descending patterns are usually bearish signs, but there is a chance to interpret this patttern as a descending wedge, which is bullish. - Volume is decreasing, which leads to explosive moves in the future. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"! -Keep this triangle in mind if you are in a long position. -Also check my idea about XRP - Road to 100 USD below.
by UnknownUnicorn2537518
7
ETH/ USD... 4-Hour Forming a Descending Broadening Wedge...28%+Hello Traders, May have found a bullish sign on the 4-hour chart. Looks to be forming a descending broadening wedge. This should finish forming as the weekend comes and passes, Monday looking for a breakout to the upside, depending on a number of fundamental factors. But based on the chart, if we can break above the trendline going into Sunday late evening and holding above it through Monday Morning/ Afternoon, we should see a continued move to the upside. Shooting for a 28% gain. Good luck, and happy Memorial Day Weekend. FYI, Holidays are always unpredictable. Trade safe and take care.
COINBASE:ETHUSDLong
by MarkStPeter
TOMOUSDT, signal for reversal !!!Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **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
TLong
by GWBFX
LUNA -USDT 🌓🌔 nearing the end of it's descending wedgeHello traders and investors! Here we see LUNA-USDT coming to the end of its wedge, here we will either see it break above our lines depicted above, and create support as it moves onto our fib based extension targets, or it will break down from our support rectangle depicted above. This is a short post, let's wait and see what happens to LUNA for it's next impulsive move!!! Would love to know what YOU think about this decentralized currency mined to support TERRA blockchain😃🌚 🛑🛑THIS IS NOT FINANCIAL ADVICE🛑🛑 Always watch BTC as it has ~50% dominance at any given time recently, any sudden drop in BTC could greatly affect this token, always have a stop loss set for your safety Trade on !! Jazerbay 💗
Long
by jazerbay
19