$SUPER Falling Wedge Broken Last Week, and now we are just looking how fare we can go...
We will Hold it till $2.00
#SUPER #SUPERUSDT #Crypto
Falling
🔥 CAKE Falling Wedge: Break Out Expected!On several previous occasions I've written about CAKE and the fact that this token is dying. I don't see CAKE perform well in the next bull-run, but that doesn't mean that CAKE can't go up.
I'm looking at the falling wedge on the chart. If we can get a break out in the near future, ideally above 2$, I'd wager that the break out is a success. My target would be 10$. Might be far-fetched, buit seeing that CAKE was one of the major losers of the bear market, there's potential for a big bounce.
AUDNZD - Trading The Wedge 🌙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AUDNZD has been overall bearish trading inside the falling wedge pattern in blue, and it is currently approaching around the bound of the wedge.
Moreover, the zone 1.0925 is a strong resistance.
🏹 So the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline acting as a non-horizontal resistance.
As per my trading style:
As AUDNZD approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
🔥 APE Falling Wedge & Oversold: Massive PotentialAPE has been one of the weakest big tokens of this year, falling over 60% from the January 1st value.
However, there's some light at the end of this dark tunnel. A falling wedge pattern has emerged on the weekly chart, as well as the fact that the weekly RSI has hit oversold levels for the first time in the (Binance) history of this token.
This trade is risky, because the break out has not yet been confirmed. However, I think it's worth the risk because this token has been losing all year and is due to a bounce. A more defensive strategy would be to wait for a break out of the falling wedge.
Indo Rama Syn - 20 year breakoutIndorama Synthetic - CMP: Around 56
It has given a breakout of 20 years last year and has been doing well, and now it has retested the support level and bouncing back to the previous a couple of decade back
It has given a breakout from the falling channel pattern and looks interesting on the charts and it is a definite portfolio pick that can double your money
Full disclosure: I bought this stock around 53 this morning and I am not a sebi registered analyst, So take the trade understanding your risk. This is only basis technical analysis
Target 1: 68
Target 2: 80
Target 3: 102
You can keep a stop loss if the support breaks but it will be a big stop loss.
🔥 WARNING: Ethereum 6-Year Rising Wedge Break Out ConfirmedAs of last week, Ethereum has broken out of a rising wedge pattern which has been formed at the start of 2017, making it the longest pattern that exists on the ETH chart in recent memory.
Seeing that rising wedges are classically bearish reversal patterns, the risk is definitely to the downside. There's a risk that ETH will see more bearish pressure over the next few months.
If BTC were to make a double bottom like last cycle, I assume that ETH will make a lower-low in the yellow area.
Personally, I'm keeping some cash on hand for this very bearish scenario. Will you? Share your thoughts in the comments.
BTC ANALYSIS🔴#BTC Analysis : ❓️❓️
🔮The formation of Head and Shoulder in #BTC with the confirmation of breakdown shows the continuation of downfall trend. We may see a fall in #BTC📉📉
🔰 Current Price: $26160
🎯 Target Price: $25000
⚡️What to do ?
👀Keep an eye on #BTC price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#BTC #Cryptocurrency #TechnicalAnalysis #DYOR
🔥 HOOK Masssive Falling Wedge Break Out!HOOK has been trading inside a falling wedge for over 8 months now. In my view, a bullish break out of this pattern could lead to a new bull-trend for this token.
Naturally, a bullish BTC will help. Also, this trade could play out over the long-term, so no quick money here. Still, a risk-reward of 20 is very respectable.
I'm waiting for a daily candle to close above the top resistance to confirm the break out.
I'm aware that the bottom support of the wedge doesn't line up perfectly, shouldn't be much of a problem.
Brief Analysis——STMXToday we selected two tokens from the tokens listed on Binance for brief analysis. They are TOMO and STMX.
Like most tokens, STMX has fallen for nearly a year, and maintained a low volatility. On Jul.21, the volatility increased and the price started to pomp with high trading volume, breaking the red dotted line. STMX converts to neutral on a large scale. But after a brief rise, bears strengthened, the price starts to fluctuate and move in the black angle, and finally breaks down the low rail. At that time, STMX turned bearish again on a large scale. In the last week, the price drop almost covered the previous rise. The bulls did not strengthen after the bears decayed. The volatility has decreased to the previous level again.
Conclusion: Mostly falling. The rapid decline covered previous gains, as if the pump never happened. Bears is stronger than bulls. We think the price will fall after the bears come back. We set resistance level at 0.005700 and support level at 0.004180.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Brief Analysis——TOMOToday we selected two tokens from the tokens listed on Binance for brief analysis. They are TOMO and STMX.
In the first half of 2023, TOMO rose with fluctuation, and the low point of each callback was higher than the previous one. There was an upward pin-bar on May.28. After that, the price went into a long period of fluctuation. In the last week the price was near the high again, but consecutive red candles appeared, and the price fell back near the lower rail of the yellow range. The slope of the decline is gradually increasing, and there is no bullish power in the process.
Conclusion: The high probability decline has not ended. TOMO maintains bullish on a large scale, but the bears is stronger than the bulls recently. The decline is likely to continue. However, the current price is close to the lower rail of the yellow range where the bulls will increase. So this conclusion is drawn. We set the resistance level at 1.65, the upper rail of the yellow zone, and set the support level at 0.97.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
🔥 HOOK Crazy Break Out PotentialHOOK has been trading inside a falling wedge for 7 months now. In my view, a bullish break out of this pattern could lead to a new bull-trend for this token.
Naturally, a bullish BTC will help. Also, this trade could play out over the long-term, so no quick money here. Still, a risk-reward of 36 is very respectable.
I'm waiting for a daily candle to close above 1.08 to make an entry, stop just below 1.00, target at 4.00.
🔥 MANA Best Long-Term Trade For Next Bull-Run: High Gains🚨If you enjoy this analysis, please give it a like and a follow.
MANA has been losing value for nearly 2 years at this point. However, I anticipate that there's some decent money to be made on MANA in case this falling wedge pattern plays out as I expect.
MANA looks weak, and will likely lose more value in the coming weeks/months. I'm going to be very patient for MANA to see more selling and step in around the bottom support of the falling wedge.
Stop around 10% below the wedge's support, target at 5$. This results in a massive risk-reward of almost 95. If this plays out, this trade can be your best trade of the decade with a huge 95x return on your risk.
🔥 NEAR Huge Falling Wedge Break OutNEAR has been trading bearish since the April top 2022. This trade is based on the premise that NEAR's bear market is over and that the price will move up in the future. Keep in mind to wait for the price to break through the top resistance of the pattern and close above it to confirm the break out.
Target placed at the all-time highs, stop below the recent bear market lows. For less risky trade you could take (partial) profits around 6.00 and 8.00
🔥 GMT Falling Wedge Continued: More Selling AheadGMT has been falling ever since it topped out in May last year. During this very long bearish period, it appears that GMT has formed a falling wedge pattern.
Falling wedges are classically bullish reversal patterns. However, the pattern is far from finished, so that's why we continue to look bearish.
Stop above the most recent swing highs, target at 0.08 or the bottom support of the pattern.
Lets see what happen, but at least 56% This is interesting, paypal is used everywhere around the world, and all the value gained during the pandemic has been lost, but i think all will be recovered because the use of the credit card is all time high, so, this is a good point to start a position. At the same time there are two falling wedges waiting for a breakout.
BTC Crucial MomentLooking at the bad news in the past weeks we should have gone like straight bottom, 30/50% down. Instead we hold 25k nicely. Now that we are above MA200 weekly and perhaps will use at support, I see two possibilities. Bullish and Bearish. It hold so well so maybe we can think BTC has some power to complete the falling wedge (red lines), reach 30k or even beyond.
Bearish, if we lose MA 200 weekly or 25k we could be exiting a rising channel that we are riding since the last bottom.
Tending to be on bullish side but with just one foot inside, till i have more positive confirmations. One foot out to buy after confirmation or on more bottoms.
Good luck
Jacinto
🔥 Arbitrum: Falling Wedge Waiting For Break OutARB has been trading bearish for the better part of three months now. During this period, a falling wedge pattern has emerged on the chart; lower-lows and lower-highs.
In my view, it's likely that ARB will continue to trade within this pattern for the foreseeable future. Keep in mind that we've got a FOMC interest meeting tonight which could cause some strong volatility.
Personally, I'd expect ARB to go lower in the near future and consolidate within the outer point of the pattern. Classically, falling wedges are bullish reversal patterns, so a bullish break out could lead to some decent gains, will make a new analysis once were there.
For now, keep an eye on this pattern in anticipation of a break out in the coming weeks.
BTDUSD - Bitcoin On the verge of a pennant breakoutNot writing much on it. Sharing my long scenario for BTC. Very heavy resistance overhead but it looks like a very clear bullish pennant forming from its previous run up. Currently attempting to break out, ultimate goal would be at 35-36k with TP zones at previous local high of 27.8K and 30k~ respectively. Look for volume on breakout of this wedge pattern. There been a bullish divergence developing over the past couple of months as well. I favor a bullish breakout rather than a breakdown.
IF we fail breakout, it'd likely fall within range and test bottom of the wedge before an expected bounce. Market is just boring but not bearish. Remember the trend is your friend. We are currently on an upward trend so we favor bullish scenarios.
For Lazy people:
Bullish Scenario:
Buy: 27k IF we get strong volume or follow-up volume. WAIT For candle close and don't chase it unless you're willing to take on additional risk.
TP1: 28K
TP2: 30K
TP3: 35-36K~
Bearish Scenario:
Short: 26.8-27k (short now if okay with risk, otherwise wait for confirmation of top of wedge as resistance aka Candle close)
TP: Bottom of wedge / 0.5 FIB zone 24-24.5K
✅BITCOIN TIME TO SELL|SHORT🔥
✅BITCOIN is approaching a falling resistance
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just in time to get the best
Risk reward ratio for us
SHORT🔥
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DXY will fall moreIn previous days US dollar index made a serious down trend towards 102 level ..the bearish scenario is still valid until it move above 38.2% FIbo level..so we could see a small correction then a huge sell as an impulse.
NZD-CHF Will Fall From Falling Resistance! Sell!
Hello,Traders!
NZD-CHF was going up
After the pair made a rebound
From the local bottom but
The pair is still in the downtrend
And is trading in a below
The falling resistance
So after the retest I think
That a move down is
Very likely
Sell!
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Check out other forecasts below too!
BTCUSD LONG POSITION (1h analysis)On the chart we can see a falling channel pattern.
We expect that the price will reach the horizontal support. Only if this happen we can open a long position.
Target is shown on the chart.
