Learn to recognize rising wedge patterns, indicative of market reversals, and explore trading methods to capitalize on this bearish chart signal effectively.
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Khadija Khartit is a strategy, investment, and funding expert, and an educator ...
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 ...
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 ...
Bitcoin is once again at a critical juncture. After surging to fresh highs above $124,500 just days ago, BTC has pulled back nearly 8% and is now flashing a bearish signal that historically precedes ...
-- 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 ...
Bitcoin price rose for three consecutive days as traders waited for the upcoming FOMC decision. BTC was trading at $93,500, ...
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, ...
Veteran trader Peter Brandt said Ethereum price could "moonshot" to new highs if it can break out of a congestion pattern. Veteran trader Peter Brandt suggests a potential Ethereum rally to ...
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.
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 ...