RisingWedge
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🚀 $BTC.D – Rising Wedge Breakout (4H)
🔥 #BTCDominance just broke out of the rising wedge and is testing resistance like a boss!
😎 Sometimes, being bearish means 💰 while the crowd yells “#Altseason ?” 👻
👀 Altcoins—are you coming or ghosting again? Stay tuned!
#BTCDominance #RisingWedge #CryptoWatch
🔥 #BTCDominance just broke out of the rising wedge and is testing resistance like a boss!
😎 Sometimes, being bearish means 💰 while the crowd yells “#Altseason ?” 👻
👀 Altcoins—are you coming or ghosting again? Stay tuned!
#BTCDominance #RisingWedge #CryptoWatch
Is Bitcoin Headed for a Major Correction ? Final Move Before Potential Crash to $3,000
#Elliottwave #Bitcoin❗ #risingwedge #Write2Earn!
#BinanceSquareFamily
Recent analysis suggests that Bitcoin may be forming an **ending diagonal**, a technical pattern often signaling the end of a bullish cycle. This is part of **Elliott Wave Theory**, specifically a **3-3-3-3-3 structure**, also known as a rising wedge. Such a formation could indicate the **final impulsive wave** before a significant correction, potentially marking the end of Bitcoin's current growth cycle.
According to this view, Bitcoin could correct down to the **$3,000** level. This target aligns with the **lower-degree fourth wave** in Elliott Wave Theory and the **volume profile's power line**. However, the scenario hinges on certain key levels:
- If Bitcoin fails to reach new highs and drops below **$66,500**, it may first retrace to the **$59-60K** range.
- After that, a final three-wave push could bring Bitcoin near **$80K** before a reversal.
- Upon reversal, the strategy would shift towards **short positions**, aiming for much lower levels, even below **$10,000** per Bitcoin.
Conclusion & Advice :
If this scenario plays out, it could mark a drastic correction for Bitcoin, undoing much of its historical growth. Investors should keep an eye on the **$66,500** mark as a key indicator. Should Bitcoin drop below this level, it might signal the beginning of the downward trend. While long-term holders may prefer patience, traders may want to explore shorting opportunities after confirming the reversal signals, but only with strong risk management. **Be cautious**, as market volatility could increase dramatically.
#Elliottwave #Bitcoin❗ #risingwedge #Write2Earn!
#BinanceSquareFamily
Recent analysis suggests that Bitcoin may be forming an **ending diagonal**, a technical pattern often signaling the end of a bullish cycle. This is part of **Elliott Wave Theory**, specifically a **3-3-3-3-3 structure**, also known as a rising wedge. Such a formation could indicate the **final impulsive wave** before a significant correction, potentially marking the end of Bitcoin's current growth cycle.
According to this view, Bitcoin could correct down to the **$3,000** level. This target aligns with the **lower-degree fourth wave** in Elliott Wave Theory and the **volume profile's power line**. However, the scenario hinges on certain key levels:
- If Bitcoin fails to reach new highs and drops below **$66,500**, it may first retrace to the **$59-60K** range.
- After that, a final three-wave push could bring Bitcoin near **$80K** before a reversal.
- Upon reversal, the strategy would shift towards **short positions**, aiming for much lower levels, even below **$10,000** per Bitcoin.
Conclusion & Advice :
If this scenario plays out, it could mark a drastic correction for Bitcoin, undoing much of its historical growth. Investors should keep an eye on the **$66,500** mark as a key indicator. Should Bitcoin drop below this level, it might signal the beginning of the downward trend. While long-term holders may prefer patience, traders may want to explore shorting opportunities after confirming the reversal signals, but only with strong risk management. **Be cautious**, as market volatility could increase dramatically.
~Like I said I'm gonna post an educational post every Sunday night.
So here a good technique to analyze the charts.
Hope it helps 🫡
Follow So you don't miss my next educational post on trading💪🏻🔥
#MicroStrategyJoinsNasdaq100 #risingwedge #btc
So here a good technique to analyze the charts.
Hope it helps 🫡
Follow So you don't miss my next educational post on trading💪🏻🔥
#MicroStrategyJoinsNasdaq100 #risingwedge #btc
🔁 $BTC & $BTC .D – Altcoin Setup Loading (4H)
📈 $BTC is riding the ascending channel — midline is acting as key S/R.
→ Break above = bullish continuation 🚀
→ Rejection = short-term pullback 📉
📉 $BTC .D broke its rising wedge and cleanly retested — now showing signs of cooling.
Dominance is expected to fall — maybe, maybe not... but as traders, we prep for both ⚖️
💡 What this means for ALTS:
✅ BTC bullish + falling dominance (expected) → Alts could explode 💥
⚠️ BTC bearish + falling dominance (expected) → Alts might stay flat or dip lightly
⚙️ Setup is aligning — smart money watches confluence, not noise.
📊 Drop your alt picks below ⬇️
#BTC #AscendingChannel #RisingWedge #AltcoinWatch
📈 $BTC is riding the ascending channel — midline is acting as key S/R.
→ Break above = bullish continuation 🚀
→ Rejection = short-term pullback 📉
📉 $BTC .D broke its rising wedge and cleanly retested — now showing signs of cooling.
Dominance is expected to fall — maybe, maybe not... but as traders, we prep for both ⚖️
💡 What this means for ALTS:
✅ BTC bullish + falling dominance (expected) → Alts could explode 💥
⚠️ BTC bearish + falling dominance (expected) → Alts might stay flat or dip lightly
⚙️ Setup is aligning — smart money watches confluence, not noise.
📊 Drop your alt picks below ⬇️
#BTC #AscendingChannel #RisingWedge #AltcoinWatch
🚨 $BTC – Monthly Close + Multi-Structure Setup
☕ Broke out from Cup & Handle, but now gliding inside a Rising Wedge on the higher timeframes 📉
🗓️ Monthly candle closing soon:
• This month’s range: Support $78K | Resistance $114K
• Hit $112K high — just shy of ATH 🏁
📆 Next month’s structure:
• Resistance: $115.7K
• Support: $82K
📌 Unless $BTC breaks the wedge pattern, range continues…
⚠️ Reminder: The previous Rising Wedge broke down hard.
But with stronger news flow and bullish narratives this time, will it play out differently? 🤔
📊 On weekly timeframe, price is still within the ascending channel – no structure violation yet ✅
#BTC #RisingWedge #CryptoMomentum
☕ Broke out from Cup & Handle, but now gliding inside a Rising Wedge on the higher timeframes 📉
🗓️ Monthly candle closing soon:
• This month’s range: Support $78K | Resistance $114K
• Hit $112K high — just shy of ATH 🏁
📆 Next month’s structure:
• Resistance: $115.7K
• Support: $82K
📌 Unless $BTC breaks the wedge pattern, range continues…
⚠️ Reminder: The previous Rising Wedge broke down hard.
But with stronger news flow and bullish narratives this time, will it play out differently? 🤔
📊 On weekly timeframe, price is still within the ascending channel – no structure violation yet ✅
#BTC #RisingWedge #CryptoMomentum
🚨 Rising Wedge = Bearish Reversal Alert! 🚨
📊 Check out this chart showing the Rising Wedge pattern, a classic sign of a bearish reversal in technical analysis. Here's what you need to know:
🔻 What’s Happening?
- Rejections from Resistance: Price keeps hitting the upper trendline but can’t break through – a sign that bullish momentum is fading.
- Support Rejections: Price bounces off the lower trendline... but it’s only temporary. Don’t get fooled! ⏳
- Entry Point: A breakdown below support = perfect opportunity to sell! 📉
- Stop Loss Zone: Place it just above recent highs to shield your capital from a potential fakeout. 🚫
💥 Targets 1, 2, and 3: These are your key profit-taking points as price starts to fall after the breakdown. 🎯
💡 Key Takeaway: The Rising Wedge often lures traders into thinking the uptrend will continue, but those repeated rejections and the final breakdown signal a bearish reversal. Spot it early to sell at the right moment and gain an edge! 💪
#TradingTips #BearishReversal #TechnicalAnalysis #RisingWedge 📉📊
📊 Check out this chart showing the Rising Wedge pattern, a classic sign of a bearish reversal in technical analysis. Here's what you need to know:
🔻 What’s Happening?
- Rejections from Resistance: Price keeps hitting the upper trendline but can’t break through – a sign that bullish momentum is fading.
- Support Rejections: Price bounces off the lower trendline... but it’s only temporary. Don’t get fooled! ⏳
- Entry Point: A breakdown below support = perfect opportunity to sell! 📉
- Stop Loss Zone: Place it just above recent highs to shield your capital from a potential fakeout. 🚫
💥 Targets 1, 2, and 3: These are your key profit-taking points as price starts to fall after the breakdown. 🎯
💡 Key Takeaway: The Rising Wedge often lures traders into thinking the uptrend will continue, but those repeated rejections and the final breakdown signal a bearish reversal. Spot it early to sell at the right moment and gain an edge! 💪
#TradingTips #BearishReversal #TechnicalAnalysis #RisingWedge 📉📊
$BTC
#Bitcoin Chart Analysis for #Today
Fortunately, yesterday's analysis was spot on. After reaching the top of the #risingwedge , the price immediately dropped.
For today, I have prepared two scenarios, and I am considering a short position in both cases.
The first scenario suggests that the five-wave structure has not yet completed. I expect the price to make another lower low before an ABC correction rebound occurs.
The second scenario assumes that the five-wave structure is already complete, and the price will rebound slightly before continuing to fall.
The current position is critical. Whether we will see a significant drop or just a short correction followed by a major rally should become clearer today or tomorrow.
If you'd like to keep following the chart analysis, please hit the follow button!
#Bitcoin Chart Analysis for #Today
Fortunately, yesterday's analysis was spot on. After reaching the top of the #risingwedge , the price immediately dropped.
For today, I have prepared two scenarios, and I am considering a short position in both cases.
The first scenario suggests that the five-wave structure has not yet completed. I expect the price to make another lower low before an ABC correction rebound occurs.
The second scenario assumes that the five-wave structure is already complete, and the price will rebound slightly before continuing to fall.
The current position is critical. Whether we will see a significant drop or just a short correction followed by a major rally should become clearer today or tomorrow.
If you'd like to keep following the chart analysis, please hit the follow button!
$ETC
#EthereumClassic Chart Analysis
Ethereum Classic recently rose to $39 and is now undergoing a correction.
From a chart perspective, the $24.5 level is highly significant.
This is because I believe $24.5 marks the starting point of a new wave.
If Ethereum Classic does not drop below $24.5, I anticipate a potential 3-3 wave #upward movement.
In the short term, a #risingwedge pattern is forming.
I am unsure whether this indicates an impulse wave or if there will be one more wave down after a fourth wave correction, but it seems the correction might be nearing its end.
As long as the price does not fall below $24.5, I expect a significant #upward movement.
For continued chart analysis, please follow.
#EthereumClassic Chart Analysis
Ethereum Classic recently rose to $39 and is now undergoing a correction.
From a chart perspective, the $24.5 level is highly significant.
This is because I believe $24.5 marks the starting point of a new wave.
If Ethereum Classic does not drop below $24.5, I anticipate a potential 3-3 wave #upward movement.
In the short term, a #risingwedge pattern is forming.
I am unsure whether this indicates an impulse wave or if there will be one more wave down after a fourth wave correction, but it seems the correction might be nearing its end.
As long as the price does not fall below $24.5, I expect a significant #upward movement.
For continued chart analysis, please follow.
$XRP
💸 XRP: It May Look Like Market Is Back… But It’s Just a Rising Wedge Trap 📉🚨
🐍 Don’t be fooled by the recent green candles on XRP — this little bounce may look bullish, but under the hood, it’s just forming a rising wedge, one of the deadliest bearish patterns out there. 📈🪤
📉 The market structure screams trap zone, not recovery. Rising wedges often lure in late buyers right before the floor disappears — and XRP is walking that path right now. The rally lacks volume, and momentum indicators are flashing red. The divergence between price action and RSI is growing wider, showing weakness beneath the surface. 🫥⚠️
🚪 Big sellers are quietly returning. Order books show stacked resistance zones just above the current price, while buy-side interest remains thin. This is classic distribution — whales unloading while retail hopes for a breakout. 🐳💼
💔 Every minor pump has been met with aggressive selling. We’ve seen this story play out with XRP before — short-lived green followed by brutal reversals. It’s like déjà vu with bull traps written all over the chart. 📉🎭
🔮 XRP’s broader trend still leans bearish. Despite occasional spikes, lower highs and weaker bounces tell us the bulls don’t have the power to shift momentum. It’s hanging by a thread, and that thread’s fraying fast.
🌪️ Pair that with uncertainty around global crypto regulation and the lack of fresh fundamentals, and you’ve got an asset skating on thin ice. If BTC or ETH sneezes, XRP could catch a full-blown cold. ❄️🤧
📊 The wedge pattern’s downside target could take XRP back to previous support levels — or even test fresh local lows. It’s not about fear, it’s about chart structure and market psychology. Right now, neither favor the bulls. 🧠📉
⛔ If you’re in XRP, be cautious with entries, don’t chase green, and keep tight stop-losses. This setup is a classic bull trap scenario, and when the wedge breaks down, it often breaks fast.
#XRP #CryptoWarning #BearishSetup #RisingWedge
💸 XRP: It May Look Like Market Is Back… But It’s Just a Rising Wedge Trap 📉🚨
🐍 Don’t be fooled by the recent green candles on XRP — this little bounce may look bullish, but under the hood, it’s just forming a rising wedge, one of the deadliest bearish patterns out there. 📈🪤
📉 The market structure screams trap zone, not recovery. Rising wedges often lure in late buyers right before the floor disappears — and XRP is walking that path right now. The rally lacks volume, and momentum indicators are flashing red. The divergence between price action and RSI is growing wider, showing weakness beneath the surface. 🫥⚠️
🚪 Big sellers are quietly returning. Order books show stacked resistance zones just above the current price, while buy-side interest remains thin. This is classic distribution — whales unloading while retail hopes for a breakout. 🐳💼
💔 Every minor pump has been met with aggressive selling. We’ve seen this story play out with XRP before — short-lived green followed by brutal reversals. It’s like déjà vu with bull traps written all over the chart. 📉🎭
🔮 XRP’s broader trend still leans bearish. Despite occasional spikes, lower highs and weaker bounces tell us the bulls don’t have the power to shift momentum. It’s hanging by a thread, and that thread’s fraying fast.
🌪️ Pair that with uncertainty around global crypto regulation and the lack of fresh fundamentals, and you’ve got an asset skating on thin ice. If BTC or ETH sneezes, XRP could catch a full-blown cold. ❄️🤧
📊 The wedge pattern’s downside target could take XRP back to previous support levels — or even test fresh local lows. It’s not about fear, it’s about chart structure and market psychology. Right now, neither favor the bulls. 🧠📉
⛔ If you’re in XRP, be cautious with entries, don’t chase green, and keep tight stop-losses. This setup is a classic bull trap scenario, and when the wedge breaks down, it often breaks fast.
#XRP #CryptoWarning #BearishSetup #RisingWedge
📊 $BTC.D – Testing Rising Wedge Support (4H)
🔎 #BTCdominance on the 4H timeframe is approaching the lower trendline support of the rising wedge.
⚠️ A breakdown here could trigger an altseason boost 🚀. Stay watchful!
#BTCdominance #RisingWedge #AltseasonPotential
🔎 #BTCdominance on the 4H timeframe is approaching the lower trendline support of the rising wedge.
⚠️ A breakdown here could trigger an altseason boost 🚀. Stay watchful!
#BTCdominance #RisingWedge #AltseasonPotential
Bitcoin's Resurgence :
Navigating the Rising Wedge Pattern
#Bitcoin❗ #risingwedge #Write2Earn! #BinanceSquareFamily #CryptoMarketMoves
Bitcoin is forming a **rising wedge pattern** on the **4-hour** and **daily charts**, indicating potential volatility. The analysis suggests a pullback to around **$62,800.00** before a resurgence to new all-time highs.
Key Insights :
- Target Price :
Anticipated drop to **$62,800.00** presents a long position opportunity.
- Risk Management :
A tight stop loss is essential to mitigate potential losses.
Market Context :
- **Uncertainty** surrounding upcoming elections is affecting the stock market and, consequently, cryptocurrencies.
Conclusion :
While the rising wedge indicates a potential short-term drop, the long-term outlook for Bitcoin remains promising.
Advice :
- Plan Entry :
Consider entering a long position at **$62,800.00** with a stop loss.
- Stay Informed :
Monitor market developments, particularly related to elections, as they impact prices.
By strategically positioning themselves, traders can navigate current dynamics and capitalize on Bitcoin's potential gains.
Navigating the Rising Wedge Pattern
#Bitcoin❗ #risingwedge #Write2Earn! #BinanceSquareFamily #CryptoMarketMoves
Bitcoin is forming a **rising wedge pattern** on the **4-hour** and **daily charts**, indicating potential volatility. The analysis suggests a pullback to around **$62,800.00** before a resurgence to new all-time highs.
Key Insights :
- Target Price :
Anticipated drop to **$62,800.00** presents a long position opportunity.
- Risk Management :
A tight stop loss is essential to mitigate potential losses.
Market Context :
- **Uncertainty** surrounding upcoming elections is affecting the stock market and, consequently, cryptocurrencies.
Conclusion :
While the rising wedge indicates a potential short-term drop, the long-term outlook for Bitcoin remains promising.
Advice :
- Plan Entry :
Consider entering a long position at **$62,800.00** with a stop loss.
- Stay Informed :
Monitor market developments, particularly related to elections, as they impact prices.
By strategically positioning themselves, traders can navigate current dynamics and capitalize on Bitcoin's potential gains.
🚀 Rising Wedge Pattern Explained – A Trader’s Guide! 📉📈
In the world of trading, recognizing chart patterns can be the key to success. One such crucial pattern is the Rising Wedge, a formation that signals potential trend reversals or continuations. Let’s break it down! 🔍
🔹 What is a Rising Wedge?
A Rising Wedge is a bearish chart pattern that forms when price action creates higher highs and higher lows, but the range between them starts to narrow. This indicates weakening momentum, often leading to a downtrend after the breakout.
🔹 How Does It Form?
1️⃣ Upward Sloping Trend – The price moves within two converging trendlines, forming a wedge shape.
2️⃣ Decreasing Volume – Volume tends to decline as the wedge forms, showing weakening buyer strength.
3️⃣ Breakout Confirmation – A breakdown below the lower trendline with high volume confirms the pattern, signaling a potential bearish move.
🔹 Trading the Rising Wedge
✅ Identify the Pattern Early – Spot the narrowing price range with weakening volume.
✅ Wait for Confirmation – Look for a breakdown below the support trendline.
✅ Enter a Short Position – Once the price breaks down, enter a sell trade with a stop-loss above the wedge.
✅ Target Profit Zones – Measure the height of the wedge and project it downward to estimate the potential drop.
💡 Pro Tip: Always combine Rising Wedge analysis with other indicators like RSI, MACD, or moving averages for stronger confirmation!
📢 Follow Ravana Master Trading for more expert insights on trading patterns and strategies! 🔥
#CryptoTrading #RisingWedge #TradingPatterns #TechnicalAnalysis #RavanaMasterTrading
In the world of trading, recognizing chart patterns can be the key to success. One such crucial pattern is the Rising Wedge, a formation that signals potential trend reversals or continuations. Let’s break it down! 🔍
🔹 What is a Rising Wedge?
A Rising Wedge is a bearish chart pattern that forms when price action creates higher highs and higher lows, but the range between them starts to narrow. This indicates weakening momentum, often leading to a downtrend after the breakout.
🔹 How Does It Form?
1️⃣ Upward Sloping Trend – The price moves within two converging trendlines, forming a wedge shape.
2️⃣ Decreasing Volume – Volume tends to decline as the wedge forms, showing weakening buyer strength.
3️⃣ Breakout Confirmation – A breakdown below the lower trendline with high volume confirms the pattern, signaling a potential bearish move.
🔹 Trading the Rising Wedge
✅ Identify the Pattern Early – Spot the narrowing price range with weakening volume.
✅ Wait for Confirmation – Look for a breakdown below the support trendline.
✅ Enter a Short Position – Once the price breaks down, enter a sell trade with a stop-loss above the wedge.
✅ Target Profit Zones – Measure the height of the wedge and project it downward to estimate the potential drop.
💡 Pro Tip: Always combine Rising Wedge analysis with other indicators like RSI, MACD, or moving averages for stronger confirmation!
📢 Follow Ravana Master Trading for more expert insights on trading patterns and strategies! 🔥
#CryptoTrading #RisingWedge #TradingPatterns #TechnicalAnalysis #RavanaMasterTrading
📉 Rising Wedge Pattern
Type: Bearish (most of the time)
Shape: Two rising trendlines converging — price is climbing, but the climb is losing steam.
🔍 How It Looks:
Both support and resistance lines slope upward.
The resistance line is rising more slowly than the support line, forming a narrowing wedge.
Candlesticks dance tighter and tighter — tension builds.
🧠 Market Psychology:
Buyers are pushing up, but each high gets weaker.
Sellers are slowly gaining strength.
It's like a rally built on shaky legs — the crowd's still cheering, but the floor’s crumbling.
🚨 What It Signals:
Breakdown is the usual outcome — price slices below the wedge.
Often forms at the top of an uptrend (reversal)
or in a downtrend as a continuation pattern.
📏 How to Trade It:
Wait for the breakdown below support.
Confirm with volume surge — more volume = more trust.
Enter short near the break.
Target price = height of the wedge, measured from breakdown point.
Stop-loss = just above the last swing high inside the wedge.
📈 Rising Wedge vs. Ascending Triangle
PatternBiasResistanceSupportRising WedgeBearishUp-slopingSteeper up-slopeAscending TriangleBullishFlatRising
#candlestick_patterns stickPattern
#TrendFollowing ollowing
#technicalanalyst #RisingWedge
#BreakoutPattern
Type: Bearish (most of the time)
Shape: Two rising trendlines converging — price is climbing, but the climb is losing steam.
🔍 How It Looks:
Both support and resistance lines slope upward.
The resistance line is rising more slowly than the support line, forming a narrowing wedge.
Candlesticks dance tighter and tighter — tension builds.
🧠 Market Psychology:
Buyers are pushing up, but each high gets weaker.
Sellers are slowly gaining strength.
It's like a rally built on shaky legs — the crowd's still cheering, but the floor’s crumbling.
🚨 What It Signals:
Breakdown is the usual outcome — price slices below the wedge.
Often forms at the top of an uptrend (reversal)
or in a downtrend as a continuation pattern.
📏 How to Trade It:
Wait for the breakdown below support.
Confirm with volume surge — more volume = more trust.
Enter short near the break.
Target price = height of the wedge, measured from breakdown point.
Stop-loss = just above the last swing high inside the wedge.
📈 Rising Wedge vs. Ascending Triangle
PatternBiasResistanceSupportRising WedgeBearishUp-slopingSteeper up-slopeAscending TriangleBullishFlatRising
#candlestick_patterns stickPattern
#TrendFollowing ollowing
#technicalanalyst #RisingWedge
#BreakoutPattern
📈 $MKR – Weekly Descending Channel Breakout
🔹 Price has retested the broken channel line and is holding strong.
🔹 On the daily timeframe, forming a rising wedge pattern.
💡 Momentum could build quickly from here — manage your risk with a safe stop-loss.
👀 Keep an eye on this one!
#MKR #DescendingChannel #RisingWedge #CryptoAlert
🔹 Price has retested the broken channel line and is holding strong.
🔹 On the daily timeframe, forming a rising wedge pattern.
💡 Momentum could build quickly from here — manage your risk with a safe stop-loss.
👀 Keep an eye on this one!
#MKR #DescendingChannel #RisingWedge #CryptoAlert
🚀 $INJ – Pump + Rising Wedge Alert (4H TF)
✅ INJ surged nearly 20% from our entry zone — solid move!
🔺 Now moving within a rising wedge on the 4H timeframe — a pattern to watch closely.
⚠️ A breakout or breakdown here could set the next wave.
Are you riding this wave or waiting for confirmation? 📊
#INJ #RisingWedge #CryptoSetup #AltcoinWatch
✅ INJ surged nearly 20% from our entry zone — solid move!
🔺 Now moving within a rising wedge on the 4H timeframe — a pattern to watch closely.
⚠️ A breakout or breakdown here could set the next wave.
Are you riding this wave or waiting for confirmation? 📊
#INJ #RisingWedge #CryptoSetup #AltcoinWatch
Coin_MasterMind
--
🚨 $INJ – Key Breakout Zone
$INJ is testing a crucial horizontal resistance after forming an inverse head & shoulders pattern ⚔️
📍 A breakout above $13 could ignite a strong upward move 🔥
🕓 On the 4H timeframe, price is also challenging a trendline resistance — the next few candles are critical!
👀 Stay alert — momentum could accelerate quickly!
#INJ #CryptoBreakout #AltcoinAlert
$INJ is testing a crucial horizontal resistance after forming an inverse head & shoulders pattern ⚔️
📍 A breakout above $13 could ignite a strong upward move 🔥
🕓 On the 4H timeframe, price is also challenging a trendline resistance — the next few candles are critical!
👀 Stay alert — momentum could accelerate quickly!
#INJ #CryptoBreakout #AltcoinAlert
GOATSEUS MAXIMUS No.1 Meme Coin – Navigating the Rising Wedge Breakdown
#goatseusmaximus #risingwedge #Write2Earn! #BinanceSquareFamily
#Goatseus
In the analysis of GOATSEUS MAXIMUS, a **rising wedge pattern** has been identified, which typically signals a bearish reversal. This suggests that the coin could experience a **short-term decline** once the wedge breaks downward.
Key Support and Resistance Levels :
- Support : $0.18047 (critical zone for rebound or consolidation)
- Resistance :
-Short-term : $0.58642 (ideal for profit-taking if price rises)
-Long-term : $0.99652 (potential for a new All-Time High after the short-term drop)
Volume and Momentum Indicators :
- Volume :
At 909.922K, indicating strong market interest. A breakout will need significant volume increase for confirmation.
- Divergence :
VMC B Divergences indicate a weakening momentum, hinting at a short-term drop.
- RSI (56.43) :
Neutral, not signaling overbought or oversold conditions.
- Stochastic RSI (94.16) :
Overbought, suggesting a pullback soon.
- Hull Moving Average Histogram (-0.00315) :
Slight bearish momentum, supporting the short-term decline forecast.
Trading Plan :
1. Scenario 1 : Short-Term Decline and Rebound
- Entry : Short position if price breaks below $0.50-$0.52, aiming for support at $0.18047.
- Stop-Loss : Set above $0.58642 to protect against sudden breakouts.
- Target : Profit at $0.18047 with RSI falling below 50 for confirmation.
2. Scenario 2 : Upward Breakout After Decline
- Entry : Long position after decline, if support holds at $0.18047, forming a bullish reversal.
- Stop-Loss : Set below $0.18047 for protection.
- Target : First at $0.58642, then $0.99652 for a potential new ATH.
Conclusion and Advice :
GOATSEUS MAXIMUS is currently in a rising wedge, indicating a likely **short-term decline**. However, after this pullback, the coin has the potential for a strong **bullish reversal**, with the possibility of reaching a new all-time high of **$0.99652**. Traders should be cautious and follow the technical indicators closely, using proper **risk management** to navigate the market volatility.
Trade carefully, manage risk, and monitor key levels for potential profit opportunities!
#Goatseus
In the analysis of GOATSEUS MAXIMUS, a **rising wedge pattern** has been identified, which typically signals a bearish reversal. This suggests that the coin could experience a **short-term decline** once the wedge breaks downward.
Key Support and Resistance Levels :
- Support : $0.18047 (critical zone for rebound or consolidation)
- Resistance :
-Short-term : $0.58642 (ideal for profit-taking if price rises)
-Long-term : $0.99652 (potential for a new All-Time High after the short-term drop)
Volume and Momentum Indicators :
- Volume :
At 909.922K, indicating strong market interest. A breakout will need significant volume increase for confirmation.
- Divergence :
VMC B Divergences indicate a weakening momentum, hinting at a short-term drop.
- RSI (56.43) :
Neutral, not signaling overbought or oversold conditions.
- Stochastic RSI (94.16) :
Overbought, suggesting a pullback soon.
- Hull Moving Average Histogram (-0.00315) :
Slight bearish momentum, supporting the short-term decline forecast.
Trading Plan :
1. Scenario 1 : Short-Term Decline and Rebound
- Entry : Short position if price breaks below $0.50-$0.52, aiming for support at $0.18047.
- Stop-Loss : Set above $0.58642 to protect against sudden breakouts.
- Target : Profit at $0.18047 with RSI falling below 50 for confirmation.
2. Scenario 2 : Upward Breakout After Decline
- Entry : Long position after decline, if support holds at $0.18047, forming a bullish reversal.
- Stop-Loss : Set below $0.18047 for protection.
- Target : First at $0.58642, then $0.99652 for a potential new ATH.
Conclusion and Advice :
GOATSEUS MAXIMUS is currently in a rising wedge, indicating a likely **short-term decline**. However, after this pullback, the coin has the potential for a strong **bullish reversal**, with the possibility of reaching a new all-time high of **$0.99652**. Traders should be cautious and follow the technical indicators closely, using proper **risk management** to navigate the market volatility.
Trade carefully, manage risk, and monitor key levels for potential profit opportunities!
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