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Ascending Channel

can BITCOIN break the channel resistance to the upside? 🚀Hello 🐋 Based on the chart, the price is close to the channel resistance area and stick in the range zone (ascending channel) ✔️ if the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line resistances 💣🚀 otherwise we can see more correction to lower support level ❌🧨 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
10
SPX: CONGESTION! Is it a good time to buy? 🤔• As we expected, it seems the index is trapped inside a channel, in the 1h chart; • We identified this channel in my last public analysis, yesterday – link below this post; • Now, the SPX is just heading to the next resistance, which is the upper line; • The 21 EMA is completely flat, indicating nothing but short-term congestion; • In this scenario, only a clear breakout (to any direction) might change things. For now, there's nothing much to do. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
SPX: Be aware of these KEY POINTS! [UPDATED].• As we expected, the 21 ema is working as a resistance for the index, and it couldn’t break it yesterday. The link to my previous analysis is below this post, as usual; • In the 1h chart, it seems the index is trapped inside an Ascending Channel. If a downwards breakout occur, I see it at 3,744, the next support level in the daily chart; • A bullish reversal would only occur if the SPX breaks the Ascending Channel (1h) upwards, along with the 21 ema (D). So far, there’s no evidence pointing to that direction; • Either way, let’s pay attention to its main support/resistance levels for now. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
GOLD - This is brutal, no one expected it! Don't be surprised if you wake up in the morning to see a massive red dildo on the gold chart breaking down the wedge. In my opinion, it's very likely. GOLD is absolutely ready for a massive downtrend; it's going to happen very soon, so I hope you are prepared for it! We can clearly see a rising wedge on the 4h / daily charts, which is also an ending diagonal wedge from the Elliott Wave perspective. This indicates that the bulls are losing steam. The question now is, "How deep is the retracement going to be?" First of all, we should completely wipe out the wedge and also test the unfilled GAP, which is at the 0.618 FIB retracement. There is a parallel channel projection, so this is a good level to profit from your shorts. I marked this whole uptrend as an impulse Elliott wave pattern, which suggests that gold can potentially go much higher later next year. This is my bullish scenario, I also have a bearish scenario, that I will post sometimes, maybe in January, so follow me and hit the like! Maybe gold will be a good hedge against the upcoming recession. I think the bull market on the dollar is not over yet, and we are going to see new highs on the DXY index. Thank you, and have a good one!
OANDA:XAUUSDShort
by UnknownUnicorn2537518
93
Bitcoin - The bottom will be here (89% chance) I am telling you that the bottom on Bitcoin will be between 9600 - 10300 USD and I expect Bitcoin to reach this reversal zone in summer 2023! You can place your buy orders here because the reaction on this level will be extremely high, so you can also buy/long BTC for a 50% profit. The worst-case scenario for Bitcoin is to hit the bottom of the huge channel on the LOG weekly chart, which is unfortunately between 5200 - 5800 USD. But I think it's not going to happen. If bitcoin falls below 5k, a lot of exchanges will be out of business because customers will leave the crypto space. 99% of people will be out of crypto, and it doesn't make too much sense. In crypto, there is a lot of money to be made for big players. They want crypto to rise as well. On the weekly chart, Bitcoin has been moving in this massive ascending parallel channel with 5 touches. It's a valid channel on the LOG scale. Volatility on Bitcoin is at an all-time low, and this should last until we find the bottom. 9600 - 10300 USD is a very strong zone because it is the 0.618 FIB of the previous impulse wave and also because there is an unfilled GAP. As per my Elliott Wave analysis, the downtrend that started in November 2021 looks impulsive, so there is a high chance to go lower to complete the ABC retracement. ETH could reach 250 USD and BNB could reach 48 USD. It's a very strong level for these coins that you will see in my next ideas, so follow me and hit the like! Thank you, and happy trading!
Short
by UnknownUnicorn2537518
91
XLM Stellar 2025 price target of $34We have an ascending channel that depends on a low for XLM of between $0.042 and $0.05 price target sometime in the 1st quarter of 2023. In 2017 we had a meteoric rise of 67k% (67,000%) from the low price of $0.0015 beginning of 2017 up to the high of $0.93 by end of 2017. If we use a fractal and use the same percentage increase for 2025 the price of XLM could possibly hit a $34 target. I also have $8 on a Fibonacci line that could play a possible target as well. Will these actually happen is anyone's guess. No one has a crystal ball but we could use past percentages and fibs to make as close a determination as possible. A special note to keep in mind is the March deadline for the Ripple case to come to an end, therefore, giving both XRP and XLM good reasons for a rise in price action. Of course, this is all speculative and should be taken seriously considering all macros and other trading factors when making a decision to acquire both assets.
COINBASE:XLMUSDLong
by altcoinb
2
Bitcoin - Bear flag, January is an extremely bearish month! Sell before Christmas because this is the time when Bitcoin falls like a rock pretty much every time! January is also a deep freeze for Bitcoin. At this point, this overlapy uptrend from 15450 to 18400 looks like an ABC correction to me. It shows all the signs of a correction. Altough I believe there will be a lot of buyers at the 0.618 FIB retracement because this uptrend can be considered a strong trend by some traders. I am buying here for short-term gains. The 0.618 FIB is a strong support because it coincides with the POC on the volume profile, the previous breakout level, and the beginning of the GAP. I give you the most professional outlook on bitcoin, so hit the like right now! Thank you. We can clearly see that Bitcoin is moving in an ascending parallel channel, or you can call it a bear flag as well. This is a big problem; you probably don't want to see this pattern at the start of something big. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. After we break this bear flag, Bitcoin can continue to drop to new lows and potentially hit 10k next year. I hope it happens very quickly, so we can start a new bull market as soon as possible. Of course, I don't want Bitcoin to be stuck in some range for another six months and then slowly bleed down. At this point, I cannot be bullish because of the DXY index, and if I take a look at altcoins, it looks even worse. Thanks for your attention!
Short
by UnknownUnicorn2537518
67
EURUSD BEARISH BOUNCEEURUSD Pair had eventful several months, first was the stable growth of the US Dollar then the interest rates did the trick to place it back on track, we can observe a very narrow decline since the beginning of November. We all know that when there are rapid price changes there is always correction coming. 1.0800 looks like a reasonable resistance to test around the end of the fiscal year. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial
1