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Falling Wedge

๐Ÿ”…The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines.

๐Ÿ”…It is considered a bullish chart formation but can indicate both reversal and continuation patterns โ€“ depending on where it appears in the trend.

๐Ÿ”…Falling wedge makes with lower highs and lower lows where lower lows being small.

๐Ÿ”…In the case of a Bullish Falling Wedge chart pattern, the stop loss should be placed at the previous low of the pattern.

๐Ÿ”…The limitation for the target will be the previous resistance level which was formed before by the price action.

@CryptoCoinsCoach
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๐Ÿ’ฐ๐Ÿ”ค๐Ÿ”ค๐Ÿ”ค๐Ÿ”ค๐Ÿ”ค๐Ÿ”ค๐Ÿ”ค


1๏ธโƒฃst scenario : BTC is able to make a pull back until the RSI and the market makes the Bearish divergence.

2๏ธโƒฃnd scenario : BTC will pull back to 16,890$-17,080$ and continue the drop .

๐Ÿ”คKeep an eye on the ascending support which BTC is holding currently. If the supports breaks down we may see BTC dropping to 16,000$ - 15,500$

@CryptoCoinsCoach
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Forwarded from Coach Private Club
EOS on the verge of CCC.io breakout alertโ—๏ธ
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Forwarded from Coach Private Club
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Scalping on CCC.io Private Club...
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๐Ÿ’ฐDOT : possible scenario if breakdown๐Ÿ”ค

@CryptoCoinsCoach
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Forwarded from Coach
BTC and US500 both looks bearish and we may see fall downs on Crypto as well as stocks.

@Coach
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Daily Digest (December 7, 2022)

๐Ÿ”ธ FBI arrests blockchain startup CTO for allegedly stealing over $1 million.
๐Ÿ”ธ Kazakhstan's parliament moves forward on Bitcoin mining legislation.
๐Ÿ”ธ Game maker The Mirror raises $2.3 million in Founders Fund-led round.
๐Ÿ”ธ ImmutableX gaming NFTs now available on Nifty Gateway.
๐Ÿ”ธ DeFi derivatives protocol Perennial raises $12 million, launches mainnet.
๐Ÿ”ธ Hashflow partners with Wormhole for cheaper cross-chain crypto swaps.
๐Ÿ”ธ Binance. US expands zero trading fees to ether, updates fee model.
๐Ÿ”ธ Taylor Swift was in talks to sign a $100 million deal with cryptoโ€™s latest anti-hero.
๐Ÿ”ธ Third party auditor confirms Binance Bitcoin reserve is over collateralized.
๐Ÿ”ธ Zodia Custody rolls out service to protect client assets from exchange insolvency.

@Cryptocoinscoach
#CryptoPrimeTime_with_Coach
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Coach Private Club
EOS on the verge of CCC.io breakout alertโ—๏ธ
EOS : broke the ascending triangle : looks good for longs and looking different from BTC.

@Coach
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Forwarded from Coins ( โ‚ฟ )
๐Ÿšจ Two Major Events next week :

๐Ÿ‡บ๐Ÿ‡ธ US CPI: 13th Dec 2022

๐Ÿ‡บ๐Ÿ‡ธ FOMC Meeting: 14th Dec 2022

๐Ÿ“ Follow @Coins for the hottest news in crypto.
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Yearly Crypto performances up to date.

1.๐Ÿ’ฐ Bitcoin : -65.5%

2.๐Ÿ’ฐ ETH : -69.6%

3.๐Ÿ’ฐ BNB : -49.3%

4.๐Ÿ’ฐ XRP : -53.9%

5.๐Ÿ’ฐ Doge : -42.9%

6.๐Ÿ’ฐ Cardano : -76.1%

7.๐Ÿ’ฐ Polygon : -58.2%

8.๐Ÿ’ฐ DOT : -80.9%

9.๐Ÿ’ฐ Litecoin : -52.2%

10. ๐Ÿ’ฐ SHIB : -73.3%

@CryptoCoinsCoach
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There are some fud roaming about waves ๐Ÿ’ฐ . Its better to stay away from it . ๐Ÿ”ด

@CryptoCoinsCoach
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Forwarded from CCC.io Volume Tracker
โ”Œ #BNXUSDT ๐ŸŸฅ Sell Volume
โ”œ Volume: 42.388K โ‚ฎ
โ”Š โ”ŒBuy Vol: 3.961K โ‚ฎ
โ”Š โ””Sell Vol: 38.427K โ‚ฎ
โ”œ ฮ”Price: 53.8 > 53.5 [-0.6%]
โ”œ Vol(24h): 5169851 โ‚ฎ
โ”œ CMC: #143
โ”œ [Futures] Funding Rate: -0.1678% โš ๏ธ
โ”Š
โ”Š Trade It Here
โ”” @CryptoCoinsCoach
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โ”Œ๐ŸŸข #ETH Liquidated Short - $250.1K at $1248.24
โ””Funding Rate: -0.0003%
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