$BTC $BTC is forming Ascending Broadening wedge pattern in the 1h time frame , Lets go straight into chart and understand What is Ascending Broadening Wedge Pattern ?
Lets start- An ascending broadening wedge pattern is a bearish chart pattern (to be a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed or valid if it has good oscillation between the two upward lines. The upper line is the RESISTENCE line; the lower line is the SUPPORT line.
Each of these lines must have been touched at least more than twice to validate the pattern. Important - a line is said to be "valid" if the price line touches the support or resistance at least 3 times. This means the ascending broadening wedge pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice or the support line at least twice and the resistance line 3 times.
An ascending broadening wedge does not mark the exhaustion of the buying current, but the sellers’ ambition to take control. The divergence of the two lines in the same direction , informs that the price continues to increase with movements that are increasingly high in magnitude. The buyers manage to make the price rebound on the support line but lose control after the formation of a new highest point. The lowest point reached during the first correction on the ascending broadening wedge’s support line forms the support. A second wave of increase then occurs with more magnitude, signaling the loss of buyers' control after a new highest point. A third wave is formed afterwards but buyers lose control again after the formation of new highest points. During the formation of an ascending broadening wedge, volumes do not behave in any particular way but they increase strongly when the support line breaks.
As usual Every traders must wait break out either up or down side and confirmation .
Do You Own Research #DYOR Not a Financial Advice #NFA
Congratulations who made profits on given signal !
Daya11
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Bearish
$ZEC $ZEC formed Head & Shoulder pattern in the 1h time frame . Broke out and confirmed , From here a well an opportunity to open a short position here .
Do Your Own Research #DYOR Not a Financial Advice #NFA
$ZEC $ZEC formed Head & Shoulder pattern in the 1h time frame . Broke out and confirmed , From here a well an opportunity to open a short position here .
Do Your Own Research #DYOR Not a Financial Advice #NFA
The pattern drew on the AAVE/USDT in the 1-hour chart is a Descending Triangle (also known as a Bearish Triangle or Descending Wedge in some contexts, but technically it's a classic descending triangle).
Key Elements of the Pattern : Flat/Descending Upper Trendline (Resistance) a descending (downward-sloping) resistance line connecting the lower highs over time. It starts high on the left (near the recent swing high around 98.05) and slopes downward to the right, ending near the current price level (~94).
Ascending Lower Trendline (Support) is a rising support line connecting the higher lows. It starts from the major low around 85.05 (the sharp drop on April 7-8) and slopes upward, meeting the descending resistance line at a future point on the right.
Why it's a Descending Triangle? Bearish : In technical analysis, a descending triangle is generally considered a continuation pattern in a downtrend or a reversal pattern at the end of an uptrend. It often signals bearish momentum building up , because Sellers are stepping in at progressively lower highs (weaker buying interest on rallies). Buyers are defending at higher lows (still some support, but the range is compressing).
Potential Targets if it Breaks: Bearish Breakout (most probable statistically):Measure the height of the triangle at its widest point (from the high ~98 to the low ~85 = ~13 points). Project that distance downward from the breakout point on the lower trendline. This could target the 78–80 zone or lower, depending on market conditions.
Bullish Breakout (less common but possible): If price breaks above the descending resistance with strong volume, it would invalidate the bearish pattern and could target the previous highs (~98–100+).
DO YOUR OWN RESEARCH #DYOR NOT a FINANCIAL ADVICE #NFA
$op formed double bottom in the 1h time frame , well here a great an opportunity to long , But remember the current situation of market is unstable/panic due to war , So be care , $btc also in downtrend so keep eye on it also . And don't forget to - DO YOUR OWN RESEARCH before diving & NOT a FINANCIAL ADVICE . #DYOR #NFA
Note- Don't enter until break out not happen as well confirmation , Every traders must know this.
A symmetrical broadening wedge (May be broadening formation) is a technical chart pattern signaling increasing volatility and market indecision. Characterized by higher highs and lower lows, it indicates aggressive, uncoordinated buying and selling. It typically represents a reversal pattern, signaling a trend change after a major move.
Time Frame- 1h Two diverging trend lines-An upper line connecting higher highs and a lower line connecting lower lows—that slope in opposite directions, indicating that the market is struggling to find a stable price, often occurring during periods of high emotion or news-driven volatility.
Key points for Trade setup 1.Breakout & Confirmation: Traders often look for a breakout in the direction of the previous trend or a breakdown below the lower support line, indicating a trend reversal.
2.Volatility: Volume typically increases alongside the price swings, confirming the rise in market participation.
3.Target price : A common price target is the widest part (the origin) of the broadening formation.
Stop-Loss : A stop-loss is frequently placed above the most recent high in a downtrend scenario or below the recent low in an uptrend scenario.
Do Your Own Research before diving . Don't open a position until the break out not happens upside or downside .