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Ascending Channel

BTCUSD → Pre-breakdown consolidation near resistance COINBASE:BTCUSD looks confident enough to continue its growth. The fundamental background and market expectations continue to support high interest in the flagship of the crypto market. Bitcoin practically does not react to the news related to the Binance case, the local decline was quickly bought out and the market performs another retest of resistance, while one of the largest crypto exchanges withdraws huge money. Bitcoin on the global chart has entered a new bullish range, the support of which is the area of 34000-36000, the target of range trading is the area of 42000-44300, then the maximum of 48234 plays a psychological role, because behind this area there is a huge pool of bearish liquidity. In terms of technical analysis we see the formation of ascending triangle on the background of global bullish trend. The pattern is formed at the resistance of the ascending channel. Consolidation is gaining potential for the formation of the movement, if the fundamental background remains as strong in the near future, the market will try to realize the potential of the ascending triangle. A breakout of the resistance area will bring prices to a new level and in this case it will only accelerate the growth of bitcoin value. The breakout of the resistance of the ascending channel in the area of: 37600 - 38000 - 38500 will form the potential for growth towards 40600 and 44350. Reasons why we expect growth to continue: - Strong bullish trend - Strong fundamental background - There is no proper reaction to the retest and false breakdown of resistance, the price does not fall, but forms a local correction, within which it cannot even update the local minimum. - Consiliation is formed and the price is pressed to the resistance. Support levels: 35700, 35000, 34500 Resistance levels: 37500, 38000 In the future, I expect the continuation of growth and a breakthrough of resistance on the next retest. Targets are indicated on the chart CRYPTOCAP:TOTAL CME:BTC1! CRYPTOCAP:BNB Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
8
EURUSD → A retest of support will show further potential FX:EURUSD is forming a correction phase, within which it aims to test the support of the forming range. There are key nuances that suggest a further bullish trend, but there are also those that hint at a possible medium-term decline. The market is laying further TVC:DXY weakness amid interest rate cuts from the Fed. EURUSD is currently in correction on the background of bullish trend. Key support area: 1.0840-1.0830. The market is likely to test this area in the format of a false breakdown, as there is a strong support zone in this area. Consolidation above this area will give a potential for buying. It is also worth paying attention to the fact that below the support is MA-200, which can also favorably affect the market recovery. But, on D1 the market is not reacting to the previously formed false support breakout. If the price continues to form a squeeze to the support at 1.0844 - 1.0830, we should expect a breakout attempt with a phase of further decline to 1.08 - 1.07. Support levels: 1.0844, 1.0830, 1.0777 Resistance levels: 1.08875, 1.0965 A retest of the support area will show further potential. False breakout will give the opportunity to buy, and the breakout and consolidation of the price below the area will return the price to the channel. Regards R. Linda!
Long
by RLinda
17
🚧Bitcoin is Bullish now🚧 & many Traders don't see it 👀!!!Bitcoin is in the channel as well as the Crab pattern. Also Broken the Ascending Triangle which could very well push the price up, the price will easily reach 40k. 🟡Summery: The price is in the ascending channel. Broken the ascending triangle. in the Crab Pattern. Price in the PRZ zone. EXRet 1.618= 3940$ previous Analysis: 🤑Stay awesome my friend. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️
COINBASE:BTCUSDLong
by CobraVanguard
2
GOLD → Consolidation before the news. What could happen? OANDA:XAUUSD continues to consolidate in the 2050 - 2035 range. Powell speaks again today, earlier the US market got a higher GDP and good Initial Jobless Claims data, how will this affect his speech and how might gold react? The TVC:DXY is testing local levels, ahead of ISM Manufacturing PMI & Prices and also at 16:00 and 19:00 GMT Powell will speak. US inflation is declining and there are indicators for that, but the dollar is strengthening, which provokes gold to form a consolidation. We are now confused by the death cross on D1, but again, since the gold is in a global sideways range, maybe we should not pay so much attention to this signal. At the moment gold is testing the level of 2048.77 with a false breakdown. On H1 we see strong consolidation, range boundary tests and false breakdowns. The market will wait for the news and most likely there will be no strong movements before that. The price is gaining liquidity before Powell's speech. An actual rate cut is out of the question now, we will only need to hear positive sentiment or hints. If Powell hints more strongly about an imminent change of monetary policy to a more loyal one, the dollar index will resume its bearish trend and gold will head towards the upper global boundary of 2059 - 2067. But, as a force majeure, negative news for gold, the realization of a false breakout and death cross, the price could quite possibly test both trend support, 2022, and the far liquidity zone 2010 - 2020, but it will not change the medium-term and long-term outlook for now. The market could test the global high by the end of the year (perhaps even soon). Support levels: 2038, 2035, 2022 Resistance levels: 2049, 2059 I am waiting for the publication of news, which will determine the short and medium term scenario for gold. The probability that the price will update the high increases as the Fed's sentiment improves. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
11
GBPJPY → The bullish trend will continue, but... FX:GBPJPY is forming a set-up within the ascending channel, which predicts the continuation of the trend, but for this the price needs to overcome the resistance at 188.28. On D1 we can see that fundamentally and technically the national currency of Great Britain looks much stronger than the Japanese currency, although Tokyo has been trying hard to strengthen the currency lately, which technically works, but only against the background of the weakening of the dollar index. From the point of view of technical analysis, the price is pushing away from the support of the ascending channel and continues to forge the ascending triangle, a false breakdown of the resistance was formed earlier, but there is no fall, which could change the trend. The price is returning to the resistance, which only confirms the target level: 188.28. A break of this resistance will continue to form an impulse, which will only continue the trend. The moving averages are supporting the trend. Support levels: 186.8, 0.236 fibo, 0.382 fibo Resistance levels: 187.13, 187.55 188.28 The market outlook is bullish, at least for the moment. There are no prerequisites for a possible breakout of support, so we stick to the realization of the bullish scenario. Regards R. Linda!
Long
by RLinda
13
GOLD → Price in range, correction may go lower OANDA:XAUUSD is forming another range of 2050 - 2038. Retest of resistance failed to renew the maximum, thus the market may begin to form a correction to support. The TVC:DXY has been strengthening since yesterday on the back of positive US GDP data. The expectation was 4.9, the actual data: 5.2, which is positive for the dollar. But the controversial situation here is that a more positive GDP has a greater impact not on the pricing of the dollar, but on the Fed's stance. Hence, with bullish data, Powell is getting closer to initiating policy easing and rate cuts. Since gold is in a range and already testing the support at 2038, it seems that the correction phase can be stopped either at this level or test areas lower, for example: 0.382 fibo, 2035, 0.5 fibo or global trend support. A strong rally ends with a correction and it is hard to say where this correction will stop. Support levels: 2037.7, 2035, 2030, 2022 Resistance levels: 2050, 2052, 2059 There are important news today, it is worth paying attention to the Initial Jobless Claims, even relatively good news for the dollar (related to inflation) can weaken its price, as the market is waiting for news related to monetary policy. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
34
TON → Strong fundamentals open up bullish potential OKX:TONUSDT has been demonstrating excellent fundamental data lately. The market is forming accumulation of bullish potential, which may soon move to the realization phase. The price is trading under the global descending resistance line. The market continues to form an ascending price channel. It is worth paying attention to the ascending triangle and false resistance breakout. The market does not allow a fall after the false breakout. What is not natural for the standard situation is that after the false breakout, the price forms a small pullback and returns to the 2.520 resistance for a retest. Clearly, Toncoin is now under the watch of a major buyer. The consolidation may soon move into a distribution phase, provided that the resistance is broken and the price consolidates above the red downtrend line. Moving averages are supporting the market. Resistance levels: 2.500, 2.600 Support levels: 2.329, 2.228 Bulls can keep the price below the support levels. A retest to resistance will increase the chances of its breakout, which is what I am waiting for. A break of 2.500-2.600 will form a bullish impulse. Regards R. Linda!
Long
by RLinda
1
EURUSD : FOREX Edu for DayTraders 📉Hi Traders, Investors and Speculators of Charts📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫 For the biggest part, I prefer to trade reactive rather than predictive. Chart patterns really come in handy with this strategy. Here are my top easy to spot chart patterns, specifically focused on bullish chart patterns today. The green highlight dots are to help identify the margins of the pattern and the purple highlighted dot is where entry can be taken. Please enjoy this free educational gold nugget ! Are you also trading crypto? Check out this altcoin idea with bullish upside potential : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
38
USDJPY → JPY strengthening. What is the importance of 149.7?FX:USDJPY is testing resistance ( old support ) on the background of correction and trend change and is apparently preparing for further decline, following the TVC:DXY , which is also weakening on the background of fundamental policy. On D1 we see the global high renewal, but against the background of the dollar index weakening after a long strengthening and the introduction of measures to combat the weak Yen, the Japanese authorities get a small, but the result - the national currency rate strengthens for almost 10 days in a row. From the point of view of technical analysis: on D1 a double top is formed and the extreme bullish maneuver ends in the zone of 151.72, after which the market enters the correction phase. On the background of retest (bounce), the price is testing one of the strong levels: 149.7. The market feels a strong limit zone at 0.5 Fibo, which it cannot break through and opens the session of the new trading week with a slight decline. Further decline may continue either from 0.5 fibo (rebound) or at the breakout of 0.382 fibo. The market is bearish, as evidenced by the crossover of moving averages. Resistance levels: 0.5 fibo, 149.7, 150.0. Support levels: 0.382 fibo, 148.8. I expect further decline. It can happen either on a bounce from 0.5 fibo (149.7) or on a breakout and price consolidation below 0.382 fibo. Further targets: 148, 147, 146. Regards R. Linda!
Short
by RLinda
14
ETC: Building Momentum to Break Descending Channel 🚀ETC's Journey Toward Breaking the Descending Channel: Prolonged Descending Channel: Since October, ETC has been confined within a descending channel, reflecting a prolonged period of downward movement. Building Bullish Momentum: The current market dynamics reveal a notable compression occurring under the upper boundary of the descending channel, suggesting a gathering of bullish momentum. Key Observations: Channel Exit Anticipation: Traders and investors are keenly observing ETC as it approaches the upper boundary of the descending channel, anticipating a potential breakout. Bullish Sentiment: The compression under the upper boundary implies a shift in sentiment, with bulls gaining strength and preparing for a possible upward move. Potential Implications: Bullish Breakout Scenario: If ETC successfully breaks out above the upper boundary of the descending channel, it could mark the end of the extended bearish phase and signal a new bullish trend. Target Levels: Traders will be eyeing key resistance levels beyond the channel exit for potential targets as ETC strives to establish a new upward trajectory. Trading Strategy: Confirmation and Entry: Wait for a confirmed breakout above the upper channel boundary before considering entry, ensuring it aligns with supporting volume and price action. Risk Management: Employ risk management tools, such as stop-loss orders, to mitigate potential downside risks and protect trading capital. Conclusion: As Ethereum Classic approaches the upper boundary of its longstanding descending channel, the compression suggests a shift in market sentiment. Traders are on the lookout for a potential breakout, which could signal the beginning of a new bullish phase for ETC. Wishing you successful trades as we monitor ETC's journey toward potential channel exit! ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
GOLD → A weakening dollar boosts the XAUOANDA:XAUUSD gained +1.1% over the past week. The market is quite strong and the end of the trading week shows a bullish mood and several indications that the growth may continue as the asset has not reached its target yet. The week ahead is full of important fundamental aspects. On Wednesday, Thursday and Friday important news will be released, here are the ones to pay attention to: - GDP (QoQ - CPI, Core PCE, Initial Jobless Claims - ISM Manifacturing, Fed Chair Powell Speaks The trend seems to be shifting towards inflation improving, the dollar is easing a bit, but the Fed will not cut rates yet, Powell will not make a major move at this stage when there is no fundamental anchoring yet and the market is just showing a reaction. The TVC:DXY on W1 is in a range, after a false breakdown of resistance the asset is heading towards support, the fundamentals support this decline. Gold on the other hand in its case is headed for a test of its range, the key level at the moment is 2010. Earlier, the price consolidated above the key support 1984, against which there was a struggle for several weeks, and also, the micro rally is triggered by the consolidation above 1993. The market is strong and on the background of the bullish trend is actively capturing important resistance levels. From the beginning of the opening trading session the local resistance at 2003.6 plays an important role, if this area is broken, the price will head towards 2010, then we should expect the price reaction to this area. The market is in the phase of realization of the bullish potential after the formation of a reversal set-up, bounce from the global trend support and false breakdown of MA200. The breakout of 2010, test of 2025 - 2048 may become the target of such realization. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
23
GOLD → The market is ready to continue to growOANDA:XAUUSD is standing still on Thursday, which we were prepared for. The TVC:DXY opens with a subsequent decline on Friday, which gives bullish hopes for GOLD to strengthen. Let's breakdown: On the local timeframe, the prolonged consolidation is forming a symmetrical triangle, but as a strong support area is forming below the pattern and the price is consolidating above the key liquidity zones, the market may try to realize a bullish scenario. This will be facilitated by a break of the triangle resistance, in which case our target will be 2005 and 2010. Also, due to the fact that the price did not test the liquidity area below 1993, 1984, we have a chance to start another correction before further growth. On D1 gold is in a range and since support was tested earlier, resistance is still our prospect. The target is the upper boundary of the range - the area of 2010. Key support: 1993-1992, 1990, 1984 Key resistance: 1998, 2005, 2010 I expect a break of the pattern resistance with further growth to these targets, but since a large liquidity area was formed below the support, the market may test this area before further growth. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
11
GBPUSD → Waiting for a breakthrough of 1.2560FX:GBPUSD after breaking the resistance of the ascending channel leads to a retest of the line in the format of a false breakout, indicating that the market is ready to continue its growth. The TVC:DXY forms a false breakout of resistance and on the peculiar fundamental background opens Friday with a slight fall, which appropriately affects the strengthening of the Pound Sterling. There is an important resistance level for the currency pair on D1: 1.2559 - 1.2560. The price is slowly and confidently approaching this area after a small pullback, which forms the third retest. The probability of resistance breakout increases with each test. The chance of this is also increased by the exit from the previously formed channel and the formation of pre-breakout consolidation near the key resistance. The strategy is simple: the breakthrough of resistance will be and price fixation on M5-M15 above the level will open the possibility to enter the market. (Or on a pullback (after the breakout) and on a test of 1.2560 as support. Resistance levels: 1.2560 Support levels: 1.2525, 1.25000 I expect that the next retest of the mentioned resistance will lead to the expected breakout with the subsequent price growth towards 1.2726. Regards R. Linda!
Long
by RLinda
8
GOLD → Support retest and low volatility is expected OANDA:XAUUSD may be low-volatility on Thursday ( today ) and form a narrow range as it is Thanksgiving Day in the US and in Canada, which I would like to congratulate the people of these two countries!!! Moving on to gold : The market continues to test the 1984 area. False breakdowns, prolonged trading in this area indicates that buyers and sellers are fighting for this area. A prolonged consolidation of the price above 1984 will form a bullish potential, which will indicate medium-term prospects for us. The TVC:DXY will stand still today, which will affect the forex market accordingly. Gold makes a false break of the local support 1994 and bounces from 0.5 fibo, but the important liquidity area has not been tested yet. It is likely that the dollar may continue to strengthen slightly on Friday, while gold may go lower to 1984 or trend support, but the fundamental background is still on the side of gold and we are still waiting for the continuation of the rise. Support levels: 1993, 0.5 fibo, 1984 Resistance levels: 1998, 0.236 fibo Today the price will trade within the narrow range of 1998 - 1993, 1990. A range trading strategy can be used for trading. Do not consider gold for medium-term selling at the moment, there is no reason to do so, the market is still technically and fundamentally strong for growth. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
10
🚧Bitcoin is Bullish now🚧 & many Traders don't see it 👀!!!Bitcoin is in the channel as well as the ascending triangle, which could very well push the price up. If the price can break the triangle, the price will easily reach 40k 🟡Summery: The price is in the ascending channel. The price is in an ascending triangle. 🤑Stay awesome my friend. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️
COINBASE:BTCUSDLong
by CobraVanguard
9