I believe this is what people like to call megaphones in the chat.
We would need confirmation here of buying volume and breaking that upper trendline
Descending Broadening Wedges tend to breakout upwards.
Swing traders can trade the pattern from top to bottom and from bottom to top.
After the trendlines are formed, as soon as price touches the upper trendline go short. Cover this short (exit the trade) when price reaches the lower trendline.
As price touches the lower trendline go long (buy). Place your stop below the lower trendline. Trade price upwards to the upper trendline. Exit this trade here.
When price breaks the upper trendline and closes above it this signals a breakout. Go long (buy) here.
The target is the first (highest) high in the pattern.
We would need confirmation here of buying volume and breaking that upper trendline
Descending Broadening Wedges tend to breakout upwards.
Swing traders can trade the pattern from top to bottom and from bottom to top.
After the trendlines are formed, as soon as price touches the upper trendline go short. Cover this short (exit the trade) when price reaches the lower trendline.
As price touches the lower trendline go long (buy). Place your stop below the lower trendline. Trade price upwards to the upper trendline. Exit this trade here.
When price breaks the upper trendline and closes above it this signals a breakout. Go long (buy) here.
The target is the first (highest) high in the pattern.
Nota
zooming in I'm seeing a slightly descending wedge Trade ativo
next targetsNota
above are ETHUSD but ETH is leading BTC atmNota
looking at ETH as a leading indicator I see a very bullish weekly a bulish daily a bullish 8 h chart an okay 4 h chart. Just the lowest timeframes aren't optimal so that's why I believe this little dump played out at the prior wave 4 correction level.Nota
panic at an inverse ABC created a new wave 1 so I measured it out as if this is wave 1 and then the following would be targets. Ofcourse you're going to be careful as we hit resistance there, bears will be hungryNota
targets above for ETH below for BTC megaphoneTrade fechado manualmente
invalid idea
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.