Learn to recognize rising wedge patterns, indicative of market reversals, and explore trading methods to capitalize on this bearish chart signal effectively.
A key price pattern has emerged on bitcoin’s BTC $108,033.92 price chart, hinting at a potential pullback ahead. The cryptocurrency has rallied from $60,000 to new record highs above $70,000 in less ...
Tim Smith has 20+ years of experience in the financial services industry, both as a writer and as a trader. Bitcoin surged above $110,000 for the first time on Wednesday, surpassing its previous ...
-- Sell the BTC/USD pair and set a take-profit at 110,000. -- Add a stop-loss at 120,000. -- Timeline: 1-2 days. Bullish view -- Buy the BTC/USD pair and set a take-profit at 120,000. -- Add a ...
Amid a period of record-breaking highs, Bitcoin’s BTC/USD technical analysis indicates a possible downturn. A classic bearish configuration on the cryptocurrency’s price chart has caught the attention ...
US indices just concluded a decent month after a scary monthly open, with the Dow Jones up 3.44% in August. With the pricing of rate cuts still subject to change, markets are still expecting some ...
XRP’s short-term technicals show signs of upside exhaustion, with some patterns pointing to a drop under $2. XRP forms a double top and rising wedge, signaling short-term downside risk toward $1.94.
Solana now risks a 40% drop against Ethereum, with the breakdown of a multi-month rising wedge pattern dampening near-term Solana price forecasts. This shift comes despite Solana’s 13% gain in May, ...
PEPE’s rising wedge pattern, rising whale accumulation and increasing rate cut bets could boost the memecoin’s price in June. Pepe (PEPE) bounced 17.85% two days after forming a local low at around $0 ...
Bitcoin’s rising wedge pattern suggests potential for price pullback, according to crypto analyst Josh Olszewicz. The cryptocurrency’s 10-day rate of change has decoupled from rising prices. A key ...