LITUSDT - Short - Broadening wedgeLIT is currently forming an ascending broadening wedge on 4h timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line of the wedge acts like a resistance and the lower line acts as a support.
Looking at the chart we can see the RSI is suggesting an overbought condition. So it´s likely for the price to go down. Also we can see at 04:00 there was a lot of pressure from the sellers. So the price is most likely to go down. First target one should be prioritized. When the price breaks out of the pattern the final target could be considered.
All the details are shown on the chart.
Goodluck!
Chartpatters
MINA : Upto 75% Profits in The Mid Term.Pair : MINA/USDT
Mina just broke out from the recent downward trend on the 1D chart. A falling wedge pattern already formed and a breakout is on the process. The current candle stick formation looks very bullish but needs to close in such a good shape to confirm the bullish break out and a reverse move. Indicators are also looking good so far the MA and MA both moves below the price which is a bullish sign. Volume looking so good after a good amount of entry in the past 48 hours. If you have to take some risks and get some profits here are the major distribution selling price levels as follows.
#Accumulation Entry Area : 0.56 usdt - 0.6 usdt
🎯Target 1 : 0.618 usdt
🎯Target 2 : 0.69 usdt
Mid Term
🎯Target 3 : 0.74 usdt
🎯Target 4 : 0.80 usdt
Stop Loss :
Make a strict stop loss price level depending on the timeframe you are strategizing.
Nathnael B.
cryptotalk_et
WGO 2+ Month #Rectangle #Flag #ChartPatternNYSE:WGO made new ATH back in June of this year and has been since then pulling back forming a well defined rectangle flag #pullback chart pattern. A daily close above the flag resistance line could signal the end of the pullback and a run back to test ATH set back in June.
USDCHF Day Trade (Short)See bearish divergence occurring in both MACD and Ascending Wedge, if we get below the marked red lines, we should expect a move to the .94600 area.
S&P Friday 9/30/16 Day of Decision?Charting technicals are fun, they provide a possible future, always 3, you know what they are ;)
What is great about charts, for me, is they provide immediate gratification, they know it all, long before the masses. Learning tools, methods and ideas from Trading View community is awesome, also learning from other places.
What is great is knowledge, not being right or wrong.
SPY will have a decision, bounce off previous support 2142.3, if so, continue to post lower highs off the upper trendline next week or so continuing it's fantastic bull move, or crash through the same support line and move lower until it tests the lower support line and either bounces for a lower low, or continues to the 1.62 Fibby ext. (and beyond)...
This is really fun. Black and white? Never, but interesting none the less.
