This aligns with the 61.8% Fibonacci retracement of the September-April decline, which has capped the upside gains for ...

Rising wedges occur frequently on exchange rate charts, ... a good target level to cover a short position would be near the low point where the bearish pattern formation started.

A rising wedge is a bearish pattern formed on a chart by two upward converging trend lines. Technical analysis chart patterns can help to anticipate the future direction of price.

A rising wedge formation suggests a potential correction as momentum weakens. The Relative Strength Index (RSI) shows bearish divergence, indicating a slowdown in buying strength near current highs.

The rising wedge pattern in VGT's chart suggests potential downside, ... the rising wedge formation on the price chart itself is of potential concern.

Bitcoin had surged by approximately 45% during its rising wedge formation, after bottoming out locally at around $17,500 in June. Interestingly, ...

USD/CAD remains pressured towards 1.3520 support confluence inside six-week-old rising wedge. 50-day EMA joins wedge’s lower line to highlight 1.3520 support. Looming bear cross on MACD, bearish ...

BNBUSD four-hour price chart. Source: TradingView . In the best-case scenario, considering the rising wedge, BNB’s price can rally toward the pattern’s apex, where its two trendlines converge ...

XRP, ADA, and SUI form critical technical setups following a crypto market rebound. XRP eyes $3.30, ADA targets $1.20, and SUI aims for a 150% rally toward $12.40.