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Ascending Channel

GBPJPY → The Japanese currency continues to weakenFX:GBPJPY is preparing to continue its growth amid the strong weakening of the Japanese national currency. Japan's central bank has been underperforming and is not about to do so. The strong bullish trend in the currency pair may be continued. There are no prospects for a trend change. The key target at the moment is 195.844 On H1 it is worth paying attention to the level of 192.78, the price is gradually creeping up to this level and continues to test it, forming a pre-breakout consolidation, technically and fundamentally the market may soon update the maximum and head towards the above target. Support levels: 192.0, 191.33 Resistance levels: 192.78, 193.54, 195.85 The key emphasis is on the nearest resistance at 192.78. I am waiting for a breakout of the level with further consolidation above the zone and growth to the targets Regards R. Linda!
Long
by RLinda
3
An update on the monthly log channel chart from AprilI posted this chart idea originally all the way back in april when I discovered that all the major tapas and bottoms of the market since the 2017 top until now are all in a very clear set of rising channels seen best on the 1 month log chart as shown here. We can see since that time in April, Bitcoin has now broken back upward and is very close to retesting this super strong trendline just above it currently around 47-48k. This trendline is likely to be significant resistance, however there is a chance during a moment of extreme fomo where we could break above this trendline and retest the lighter green ascending trendline with a wick which is currently sitting around 56-58k on the current monthly candle. Ultimately my guess is the trendline just above current price action at the 48k zone is likely to maintain candle body resistance and lead to the next big market correction. It may even maintain wick resistance too but I still believe we can possibly wick above it and retest the trendline just above it with a wick before ultimately closing whichever candle gets above it’s candle body below the 48k trendline. Once this happens, the first zone I’m going to be watching to hold support is at the 1month 50ma shown here in orange. There’s a decent chance we could correct even lower than that but that will be the first zone I watch for a potential reversal back into the uptrend. For now though I think it’s completely possible to go as high as the 56-58k zone with a wick while still maintaining the trendline just above this current area as resistance but I wont be surprised if that trendline at 48k is so powerful we cant even get a wick above it either. Both seem quite probable to me at this point. I am going to attach a link to my original channel idea on this update as well so you can see where this channel discovery originated from. *not financial advice*
INDEX:BTCUSD
by DrDovetail
2
GOLD → A retest of bullish trend support. What to expect? FX:XAUUSD reaches the 2400 mark on Friday before facing a profit-taking. There is a possibility that traders closed positions before the strong news that occurred from Saturday to Sunday. There is no correlation with the dollar now, which makes it easier for technical analysis. In fact, we have a strong bullish trend and strong support in the form of the 2325-2330 zone and an ascending channel line. From Saturday to Sunday there was the development of another geopolitical problem in the Middle East and it is related to the armed crisis between Iran and Israel, which in general can only affect the appreciation of the metal. Resistance levels: 2365, 2375 Support levels: 2335, 2330, 2325 In general, we should consider a retest of the trend support or 2330 and look at the price reaction to these levels. Most likely, the trend may continue. Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
GOLD → Profit-taking and another war. Opening with a GAP?FX:XAUUSD updates another high to 2431.4 and then begins to shed heavily amid profit taking by traders. The weekend also proved to be fundamentally important for the markets, which may react strongly. Most of the nearly $100 drop is due to profit taking by traders as the price reaches psychological levels, but the drop to 2300-2350 allows to find new buyers at relatively cheap prices. From Saturday to Sunday the next and not unimportant armed conflict between Iran and Israel is developing, which in general can affect the prices of commodities and futures quite strongly. On H1 the price is declining to the trend support and is testing the liquidity area of 2330-2350. In all likelihood, the market may open with a gap on Monday amid the crisis in the Middle East. The area below 2328 may still remain protected and play an important role in price formation. Resistance levels: 2354, 2400, 2428 Support levels: 2328, 2303 Fundamentally everything is quite complicated and not stable, Gold still plays an important role as a hedge asset and interest in the metal is getting stronger, the growth from 2300-2350 is likely to continue COMEX:GC1! TVC:DXY COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDLong
by RLinda
36
Bitcoin - Buy the DIP! Ready for 80k.Bitcoin is definitely ready to go higher, and it's a really good time to buy the dip after the previous crash! We can see that the price is making higher lows on the daily chart, which is a strong sign of an uptrend. The price is currently still inside this symmetrical triangle, so we are waiting for an explosive move, probably to the upside. The trend is your friend until the end, and the trend is still intact bullish. 17% profit if you buy at the current price is very possible in the next few weeks! With 20x leverage on futures, it's a 340% profit. Where to take profit? I recommend the 0.382 Fibonacci extension from the start of wave (1) to the end of wave (3) and to the end of wave (4). But if you are not sure about that, you can still take profit at the top of the ascending parallel channel! But Fibonacci tools are a must-know when trading Bitcoin; they give you a massive advantage over other retail traders. Fibonacci techniques are popular among huge banks, hedge funds, and institutions. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
15
GOLD → Testing 2400. Can the rally continue? FX:XAUUSD reaches our goal of 2400. The psychological level is tested, but 2400 does not mean expensive. The growth may continue as the potential and interest is still huge. From 2400 a correction to the nearest area of liquidity can be formed. The market needs to rest and accumulate a bit before breaking through 2400 to continue further upside as fundamentally, economically and geopolitically nothing has changed. High interest, inflation problems continue to warm the price to further strengthening. Before the growth the price may correct to 2383, 2375 or 2365, or consolidation between these levels, after which the price may return to retest 2400. Resistance levels: 2400, 2425 Support levels: 2383, 2375 Technically, we should wait for the continuation of growth after a small pullback. At the moment there are no reasons for a reversal or a strong fall. The fundamental background and general potential remains the same TVC:DXY COMEX_MINI:MGC1! COMEX:GC1! Regards R. Linda!
FX:XAUUSDLong
by RLinda
7
GOLD → Fierce bulls continue to hold the price on the newsFX:XAUUSD is still holding very strong even amid strong news. The range of 2365 - 2328 is being formed. Buyers and sellers are fighting for the lower level. Today the market is waiting for PMI and Initial Jobless Claims. Yesterday we got a high CPI of 0.4% instead of 0.3% and an inflation rate of 3.5%, which is a generally unsatisfactory scenario for the market and against this background the dollar is strengthening strongly. Gold shook a bit, but the bulls continue to hold the price above 2328. It is not known how long they will last, as the next batch of important news is ahead. Gold may test the support as part of the correction, but on the background of high interest in gold as a hedge asset amid geopolitical and economic problems, theoretically, gold may continue its growth. Resistance levels: 2345, 2365, 2375 Support levels: 2328, 2303 At the moment the price is in a range. A breakdown of support may weaken the price a bit to 2300, but a breakdown of resistance may push the price up. Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
ADAUSDT → The bulls are holding the price. Waiting for the rise BINANCE:ADAUSDT is testing the limit support area, which is actively defended by buyers, within the framework of the uptrend. A buyer appears on the market. Caradno is trading in a very wide channel, in general it indicates to us the actual potential. The price cannot break through the MA-200 yet, but most likely the next attempt may be successful. The coin is lagging behind the growth of the whole market and in general continues to accumulate energy. The price is testing 0.5687 amid the market correction. The area is quite important, behind which there is a huge pool of liquidity, but the bulls continue to actively restrain this area. Resistance levels: 0.6788 Support levels: 0.5687, 0.4877 Regarding 0.5687, after the false breakdown on April 10, a liquidity grab is formed, buyers appear on the market. High probability of trend continuation and price strengthening to the local maximum BINANCE:ADAUSD BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
16
Ethereum - is ready to go higher! +32% this monthEthereum is still very bullish, so there is no reason to expect lower prices at this moment. We can see that the price broke out of this ascending parallel channel and retested it. Usually you want to wait for a retest and then enter a long position, which is happening right now! You can place your stop loss below the previous swing low (inside the ascending channel). On the chart, you can see my detailed Elliott Wave count. We are in the bull market, so we can expect an impulse wave to form. In this case, we are still missing the fifth wave to the upside, which gives us another reason to open a long position. Where to take profit? For this, we always need to use the Fibonacci extension tool. In combination with Elliott Wave theory, we can use the fibonacci extension tool from the start of wave 1 to the end of wave 3 and to the end of wave 4. The target for the fifth wave is 0.382 FIB or 0.618 FIB. Both log scale and linear scale are valid as profit targets. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
24
Honestly, I don't feel like explaining, the chart says it all !!Hi. COINEX:ADAUSDT Chart is Speaking It Self!!! Simple analysis... The price has found the ascending channel support,Expect move up and reach the $0.80 level as the next target. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
GOLD → Fundamental reasons for growth. Target 2400?FX:XAUUSD has been reaching 2354 since the opening of the session amid strong excitement. The price is leaving the trend boundaries and continues to form new bullish ranges. Strong bullish trend is realized on the background of important geopolitical news, related to the crisis in the Middle East, Eastern Europe, as well as a huge interest in hedge gold. World Central Banks continue to buy gold in record volumes. Technically, gold is forming a small correction after updating the high on the back of bullish momentum from the opening of the session. There is a high probability that the growth will resume from the nearest support area or formal channel boundary. Resistance levels: 2354, 2375 Support levels: 2328.4, 2303.7, channel boundary Technically, the situation is complicated, as it is difficult to identify strong reversal zones, as the price is trading in a rally. In such a situation it is worth paying attention to support levels with the purpose of growth continuation, as well as local resistance areas with the purpose of upward breakout TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! MCX:GOLD1! Regards R. Linda!
FX:XAUUSDLong
by RLinda
18
ALPHAUSDT → Beginning of realization after accumulationBINANCE:ALPHAUSDT forms an attempt of the market transition from consolidation to the phase of realization of the accumulated potential within the framework of the uptrend. Key accumulation area 0.500 - 0.0630. The resistance is broken, consolidation is formed above the upper boundary of the range, which hints about the readiness of the coin to realize the accumulated potential. In our case it is the growth from 0.15-0.16. On H4 the price also breaks the resistance of consolidation (triangle) and tests 0.16. This level is the key at the moment, it is worth waiting for the price to consolidate above this level for further strengthening of ALPHA coin. Resistance levels: 0.1600, 0.1720 Support levels: 0.1369, 0.1420 Technically, the coin has energy and potential for further upside. Therefore, we should wait for the price to consolidate in the green zone in order to form further growth BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
2
GOLD → A correction before further growth?FX:XAUUSD has been forming a small correction towards liquidity zones since the opening of the session. On the background of strong bullish trend it is quite logical scenario before the news publication. The dollar index is testing a strong resistance before the news and a correction is possible, which will only strengthen the growth of gold. But, it is impossible to determine in advance what kind of news it will be (bullish or bearish for the dollar). Traders expect bullish: ADP NonFarm, ISM PMI, and bearish: SP PMI. Also, the big question is what Powell will say tonight.... Technically, gold is still in a bullish trend. And it may continue after a correction. Resistance levels: 2288, 2300 Support levels: 2265, 2253, 2228 Technically, the market is bullish. A retest and false breakout of one of the above areas could strengthen the price again. But, the structure may break when the channel resistance (as support) or 2228 is broken, in which case the correction will be prolonged to lower zones. Regards R. Linda!
FX:XAUUSDLong
by RLinda
4
GOLD → The market's buying back the fall. Next up, 2300?FX:XAUUSD is still very strong. The price does not react to the news properly, only as a short-term reaction. The market is quickly buying back the decline and testing resistance. Buying potential is quite strong, the probable area of the first stop could be the zone 2300-2325. On H1, an intermediate sideways range is formed after a false breakdown of channel resistance. The price defines the lower boundary as 2228 without reaching the strong support at 2222, which indicates that the bulls are very much keeping the price away from risk zones. A retest of the resistance is formed and there is a high chance to see a false breakout or a bounce followed by a correction, which may become a consolidation phase before further growth. Resistance levels: 2265 Support levels: 2228 High interest to the metal from investors, central banks favorably affect the strengthening of the metal, besides the role of hedge asset is now more than ever manifested in the market. Gold will try to break the resistance for further growth, as there is no hint of a change in the global trend COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FX:XAUUSDLong
by RLinda
3
Nvidia - Entering a bear market!Hello Traders and Investors, today I will take a look at Nvidia. -------- Explanation of my video analysis: For more than 6 years, Nvidia stock has been trading in a long term rising channel formation. We had the last retest of support in 2021 which was then followed by a +650% rally towards the upside. As we are speaking Nvidia stock is retesting the upper resistance of the channel and we might see a short term correction towards the downside to retest the previous all time high. -------- Keep your long term vision, Philip (BasicTrading)
Editors' picks
NASDAQ:NVDA
by basictradingtv
64
BITCOIN → What determines readiness to grow to 75K?BINANCE:BTCUSD continues to trade inside the global range of 73500 - 60000. After a false breakdown, the market is holding from a strong fall, at the same time the price is re-entering behind the previous ATH. On W1 bitcoin has quite an interesting outlook. An intermediate bottom 60760 is formed after which the price returns to a new resistance level formed on the high timeframe 70184. The closing of the trading session of the 13th week 2024 near or above this resistance will be a confirmation of the market's readiness to go further. Sufficiently high interest in the coin is keeping the price up near resistance and will not allow the coin to move closer to the risk zones despite the fact that the halving is ahead, which is expected in about 20 days, namely April 18-19. On D1 a consolidation is forming between 0.786 and 0.618 fibo. In principle, a consolidation is formed, the potential of which is not for a reversal, but for a continuation of the movement, in our case it is a breakout of resistance 71K with subsequent growth to 75K and higher. But, it is not a 100% guarantee. The structure can be broken. It is worth paying attention to the level 70184, this level is indicated on W1. I prioritize tending to expect a continuation of growth, as indicated by the preconditions on various timeframes: H1, H4, D1, W1. Consolidation of the price above 70184, gradual compression of the price to the upper boundary of the local range - 71213 can forge a breakout, which will cause a bullish impulse that will resume the continuation of growth to 75K-85K-100K. But, if the market maker deems it necessary, due to the fact that he has not yet collected the necessary liquidity, he can break the structure, namely the break of support 68815 - 69000. In this case the market may move to 62400, 60760 or 59313. Besides, whales also have an interest to buy the asset at lower prices CME:BTC1! BINANCE:BTCUSDT CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
46
BTC - ready to reach 85k BTC will hit 85k in april according to my TA and calculations. this analysis is on 12h time frame and shows an important data. 🔸btc moving in an ascending channel as shown ... and it's 4 days move nearly and above 0.618 fib level 🔸the lower side of the channel , POC line and 0.618 fib level all gatherd in the green box shown in the chart making a confluence zone . 🔸elliot wave impulse as shown not completed yet. 🔸 only 21 days for btc halving Thank you, and for more ideas, hit "Like" and "Follow"!🎯 This analysis is not a trade setup; there is no stop-loss, entry point, profit target, stoplose. I share my trades privately.
Long
by ceciliones
14
Bitcoin - Relief rally soon, but then crash to 50k!Bitcoin is going down, as I was expecting in my previous technical analysis of Bitcoin (see in the related section below). What now? Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are going to pump during this relief rally, so make sure you have some. On the day down, we have 3 strong supports. The first support is at around 59340 USDT because of the previous significant swing low. Also, 20% corrections are classic in the stock market. The second support is at 53080 (fair value GAP) and the third support is liquidity below wave (4) at 50585. We are most likely going to hit the 50k level sooner or later, so be prepared! Then we can start a new bull market and reach levels above 100k later this year. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
BITSTAMP:BTCUSDShort
by Xanrox
94
🥇 GOLD - Support retest before further growth Gold may continue its growth amid huge buying interest. Central banks of major powers continue to actively buy the metal. Against the backdrop of the expected reduction of interest rates in the U.S., the potential for gold is also growing. From a technical point of view, for further growth the market-maker needs to liquidate orders below 2150 in order to gather liquidity to continue the upward movement. Reasons for further growth: 1) High interest in gold worldwide 2) Against the backdrop of the crisis, gold is a safe-haven asset 3) On the background of expectation of rate cuts, interest in buying increases 4) After a strong growth there is no fall. Consolidation is forming
OANDA:XAUUSDLong
by Gold-Tech
1
USDJPY → Rate hike negatively affects JPY USDJPY is preparing to continue its bullish trend amid strong sell-offs of the Japanese national currency. Medium-term target could be 155.0 Amid the change of tactics of the Japanese central bank, traders are still negative towards the JPY and are still very much increasing short positions. On D1 the market still has a strong buyer in the currency pair, this can also be interpreted as the absence of a seller. Previous: The central bank broke out of the negative rate trend by raising the interest rate for the first time in 17 years. Resistance levels: 151.786 Support levels: 150.800 Technically and fundamentally, the currency pair is preparing for the continuation of the bullish trend. A breakout of the nearest resistance will signal a continuation of the upward trend Regards R. Linda!
Long
by RLinda
4
BITCOIN can ascend further ! What Shall we Expect ?Hi. COINEX:BTCUSDT ✅Today, I want to analyze BTC for you in a 4H time frame so that we can have a Short-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). As you can see, BITCOIN is in an ascending channel and also recently managed to break the ascending triangle, if the price follows this pattern AB=CD will happen and the price will grow to top of the channel. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Ascending Triangle 🟢 bullish channel ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
3
TERADYNE (TER) a AI / Chip Sector Stock SHORTTER shown here on a 30 minute chart has asended in a diverging channel to the resistance of January pivot high shown in the line and zone drawn onto the chart. My idea is to short it from here targeting first about 106 which is the line drawn from a pivot before the paradoxical fall with a decent earnings report. The lower target is the support trendline of the channel or about 103.5. This is about a 6% potential trade and more with margin or put options. I expect the trade to last two days as falling down is usually quick than rising.
NASDAQ:TERShort
by AwesomeAvani
GOLD in Coming Days!!!Hi. TVC:GOLD ✅Today, I want to analyze GOLD for you in a DAILY time frame so that we can have a Short-term view of GOLD regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). As you can see, the price is in an ascending channel, the price in the channel has completed its five ascending waves and also the descending wave, as you can see, the price has now started its five ascending waves and the important points in the chart are clear. The price can easily increase up to $2300. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COMEX:GC1!Long
by CobraVanguard
1