Wedge — Chart Patterns — TradingView (2024)

🏃‍♂️Bitcoin is moving in the 🔴 Resistance zone($69,000_$65,000) 🔴.📈From the point of view of Classic Technical Analysis , it seems that a Rising Wedge Pattern has been formed, although, at the same time, we seem to have witnessed a Bull Trap , and this Bull Trap caused a new All-Time High(ATH=$69,990) to be created for Bitcoin. 📚What is the 🐮Bull...

On he above 4-day chart price action has corrected 99% since $9 in 2021. A number of reasons now exist to be long, including:1) Price action and RSI resistance breakouts.2) Price action confirms the 21-week EMA.3) The falling wedge breakout confirmation may now be used to forecast the market top for this alt.token at 6000% from the lows. That’s just shy of...

Here I have USD/CAD!On the Daily Chart, we have Higher Highs into Higher Lows forming what looks to be a Rising Wedge!Now on the 4Hr Chart I have an underlying Support Zone that I suspect price to test and bounce up from to test the Bearish Break of the Rising Wedge and if it holds, could continue lower!!!Strengthening my Bearish Bias is the Daily RSI High's...

Daily/4h time frames analysis for Gold.Potential scenarios ahead of Powell Testimony.Key levels, price action analysis.Trading recommendations. ❤️Please, support my work with like, thank you!❤️

Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊Recently price reached support level, which coincided with support area, but soon it turned around and declined.Also, GBP started to trades in wedge, where it fell below $1.2575 level, but in a short time, it backed up, making fake breakout.Then price little...

Dow Jones is Working this Rising Channel Currently Index may touch 41000 on days to come but As history shows after every rise of 20% DJIA gives the fall of 6-7% We are little bearish on Stock markets Well well well !! If USA market goes down then can we expect overall world market to fall ?? Lets see !! Thanks !!

On the above 6-day chart price action has corrected 97% since August 2021. A number of reasons now exist to be long, including:1) Price action and RSI resistance breakouts.2) Stochastic RSI resistance breakout.3) Regular bullish divergence as measured over the last 2-3 months.4) Falling wedge breakout + support. 100% upside target projected.Is it...

Should Bitcoin Dominance fail to reclaim an old neckline at 57-58%, it will likely drop back down to its recent lows and continue down to make a new ATL just below 35%Presently, Bitcoin dominance may fail to get above 54.09% on the weekly chart, after losing its uptrend and getting stopped 3x.If instead it does get above it, it still has to reclaim the...

Always good to measure against the DXY not just the USD valueNot perfect of course as it is mainly the Euro and Yen but still insightful.Been watching the relationship for a whilecurrently breaking out to the upsideHVF theory means this should be a violent expansionTarget 1 coming up.

Expecting some consolidation SOONTriple Top Reversal Pattern Short the dip back to a recent support

BINANCE:KLAYUSDT is forming a local bullish trend, but globally the coin is lagging behind the cryptocurrency market and is still under bearish trend resistance. A clearly formed bottom, a local bullish trend and pre-breakout consolidation against bearish trend resistance can play the role of important preconditions for a possible trend change and the...

BINANCE:AGLDUSDT is forming quite an interesting set-up that can realize a growth potential of 30-60% in the short-medium term. On the high timeframe we see the formation of resistance at 1.404 and a sufficient number of retests of this area. In general, altcoins are strengthening quite strongly following the flagship, but AGLD is lagging behind, and the...

With the rejection of $21, NYSE:PLTR looks set to fall to new lows.I think it's likely that we're going to sweep the lows at $8 and keep falling from there to a final target of $1-2.This will likely take place at some point in the back half of 2024 and should present a great buying opportunity once it gets down to those levels.Let's see what happens over...

As we anticipated that the price should be bearish anytime soon and the H4 TF gave us a go ahead on the sells and now we are in deep profits still holding to reach the target levels.

USDCAD is trading within a huge rising wedge pattern on a daily time frame.After a test of an upper boundary of the wedge, the price formed a double top formationand violated its neckline yesterday.We may expect a bearish movement to the support of the wedge now. ❤️Please, support my work with like, thank you!❤️

The DOT/USD chart shows an interesting development with a potential breakout from a falling wedge pattern. The price has broken above the resistance trendline and could potentially reach the target zone of $9.50-$10.50 based on technical analysis. It's worth noting that the upcoming DED token airdrop might be influencing the current accumulation. However,...

Here I have AUD/JPY on the 4Hr and Daily Charts!Daily Chart--We see Price outlining a Rising Wedge and with this the First inclination that we could see Price push down further is the Bearish Divergence shown as the HIGHS on the RSI indicator suggesting Bulls could be losing Power! -The High created on Feb. 23rd was followed by a STEEP decline in price!! Much...

Logarithm. Time frame 1 week. 🔵 The main trend is a descending wedge , we are in the final phase of its formation. There has been no breakout (trend break) yet. It is quite possible we are in the minimum price zone of the trend. From a cyclical perspective, we are (the phase of hypothetical peak capitulation can be ignored). As a rule, such altcoins never...