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Ascending Channel

Dollar index DXY - Everything collapses because of this! Except for DXY, everything is falling apart because everyone is selling their assets and buying dollars instead as a safe haven! Traders usually also need USD to open short positions on futures and speculate on price decreases. The dollar index is incredibly strong and this trend should continue for another few years. According to my analysis and to this chart, 2025 seems like a reasonable year for a trend reversal of this ticker. Keep in mind that this is the monthly chart for DXY and the price is printing a massive parallel channel on the linear scale and also on the log scale as well. As per my Elliott Wave analysis, we are currently in the strongest third wave and I expect to touch the upper trendline of the parallel channel before we can experience a corrective fourth wave. After that, the 5th wave will come into play, and we can definitely throw over the parallel channel and find resistance at the previous swing high from 2001. The DXY is a great indicator for traders and everyone should keep an eye on it. Interest rates are going up, and this is a negative indicator for the stock market. Look at my ideas about Gold and Bitcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
TVC:DXYLong
by UnknownUnicorn2537518
69
Bitcoin - Game over! 3000 USD next target, bear market 2025 The bubble has popped, but now for real! We can reach 3000 USD next year without any problem because this exponential growth in bitcoin is over. As you can see on the chart, we had a very nice parabolic uptrend, but nothing lasts forever, and it's not sustainable to hold this curve. We need to cool down for a few years so we can start a new uptrend (wave 3) in the long run. Bitcoin is clearly losing steam on the monthly chart. Satoshi Craig Wright in 2020 said "BTC is not going to go to $100,000". Never? Is he right or not? Tell me in the comment section! It looks like everyone who bought bitcoin in the last 5 years is too late to the party. The 12-month candle is printed as a shooting star, which is indeed extremely bearish. The major trendline from 2013 is breaking down, which is definitely not a positive sign! As per my Elliott Wave analysis, we have finished a major impulse wave and we are looking for an ABC retracement. The usual target of a C wave is at the start of wave 4. The price is below the 200 weekly moving average for the first time in history. This MA is considered a strong support by huge institutions and hedge funds. It's very important. I expect tremendous gains for GLM (golem). You can find this altcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
BITSTAMP:BTCUSDShort
by UnknownUnicorn2537518
190
Gold - Major crash is prepared! -18%, channel is breaking down! On the weekly chart, gold is very close to a massive crash. I think the bulls have no power here and I don't even want to see a huge red candle. As you can see on the chart, there is a rectangle consolidation pattern with multiple touchpoints and also an ascending parallel channel that is currently breaking down! Next target is 1370 USD, and I think we will hit this target very quickly. After that, we want to see a strong bounce from this level, because otherwise we will go even lower! This is a bullish Elliott Wave count, so wave 4 should not go below previous wave 1 because this may invalidate this bullish scenario. Interest rates are growing, and so are bonds. We have a strong dollar and everyone prefers to hold cash, even with high inflation. This is not looking good for the stock market, crypto and gold at all. But you can still make money if you open a short position on the futures market or purchase some put options. Look at my ideas about Bitcoin and Ethereum in the related section down below. For more analysis, hit "Like" and "Follow"!
OANDA:XAUUSDShort
by UnknownUnicorn2537518
55
Ethereum, ETH 2.0 in a few days! - Explosive bull market Ethereum is now the leading cryptocurrency because everyone is anticipating the greatest event in the history of ETH and crypto in total. Bitcoin's dominance is going down, which greatly favors Ethereum. This downtrend should continue until the end of the year.  It looks like the demand for ETH is now very high and may substantially increase over time before the merge begins.  On the daily chart, we have a new parallel ascending base channel that is defined by Wave (1) and Wave (2). There are always 2 versions of the channels - on the linear scale and on the LOG scale, which makes trading more difficult, but it is how it is. The channel on the log scale fits better because it includes previous swings as well.  As per my Elliott Wave analysis, an ABC correction (wave 2) has finished and we are already in a new third impulsive wave, which should be huge. Ethereum 2.0 - The Bellatrix upgrade will activate on the Beacon Chain on September 6. This upgrade is responsible for setting the rest of the Merge process in motion. The Terminal Total Difficulty value triggering The Merge is expected between September 10-20, 2022. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
25
Ethereum - Descending channel is breaking down! 33% crash soon? Hmm, the situation is grave indeed. Maybe a change of plan is needed! On the daily chart we can clearly see an ascending channel or maybe a bear flag , but I prefer the channel. Ascending channels are bearish patterns, and this channel is very close to a breakout. This is a bullish Elliott Wave count, and we need to complete an ABC correction to start a third impulsive wave upward! As you can see, we started this uptrend with a nice impulsive wave. Now the question is, where is the support? You can use the 0.618 FIB or POC of the previous structure to set a limit buy order if you are a bull for the next major wave to the upside. But I am bearish and it's possible that we reach even lower prices like 880 USDT in the immediate short-term. Because ETH is far more powerful than BTC , Bitcoin can fall dramatically while ETH only slightly. I expect tremendous gains for GLM. You can find this altcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
64
Thinking to buy the dip? Look at the 100 years channel...Since 1929 the S&P500 climbed 3 times above the resistance of his 100 years channel. The first one was just before the 1397 recession, the second one was for the dot-com bubble, and the third one was... 18 months ago! Each time this high was followed by a crash, and a new bull market began only after the lower band of the RSI was touched. Jeremy Grantham (the most famous worldwide bubble specialist) is talking about a "supperbubble". He is known for having accurately predicted the Japan bubble in the 1980', the dot-com era and the mortgage crisis. Making money when others were panicking. The overvaluation of the stock market is well seen when looking at the Nasdaq100 35 years channel: Btw the Dow Jones Composite index is still in his channel. Hence, the bubble seams to be mostly a tech bubble. You will find right below the words of J. Grantham, speaking about his "superbubble" and the bull market of June-August 2022. "One of those features is the bear-market rally after the initial derating stage of the decline but before the economy has clearly begun to deteriorate, as it always has when superbubbles burst," "This, in all three previous cases, recovered over half the market's initial losses, luring unwary investors back just in time for the market to turn down again, only more viciously, and the economy to weaken. This summer's rally has so far perfectly fit the pattern." "My bet is that we're going to have a fairly tough time of it economically and financially before this is washed through the system. What I don't know is: Does that get out of hand like it did in the '30s, is it pretty well contained as it was in 2000, or is it somewhere in the middle? The U.S. stock market remains very expensive and an increase in inflation like the one this year has always hurt multiples, although more slowly than normal this time. But now the fundamentals have also started to deteriorate enormously and surprisingly: Between COVID in China, war in Europe, food and energy crises, record fiscal tightening, and more, the outlook is far grimmer than could have been foreseen in January." And if you want to read even more, click on this link: www.barrons.com Some bulls are currently looking at the bullish cross between the 100MA and the 50MA. Daydreaming, saying that it would be one of the most bullish sign ever. Forgetting that this cross is also found right in the middle of the dot-com bubble crash and the mortgage crisis crash. To plot these charts yourself -> use a month period and click on "log" (at the bottom right) to be in "log scale". By the way I am not currently shorting the Nasdaq100. I am back in technical analysis since only the beginning of august, and I need more key elements to open new positions. I will keep you in touch when I will open its! ;)
SP:SPXShort
by Nicolas_Pradel
3
AUDUSD can move lower? 🦐AUDUSD on the 4h chart show us a very technical market the price in fact after the break of the ascending channel perfectly retested the weekly structure at the 0.5 Fibonacci area and moved to the daily support. How can i approach this scenario? I will wait for a break below the daily structure and in that case i will for a nice short order according to the Plancton's strategy rules. ––––– Follow the Shrimp Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
6
Bitcoin BTC - Ready for a massive uptrend! | Elliott wave Bitcoin has successfully completed a retracement of the first impulsive wave! This correction was very fast but also relatively strong (almost 0.618 FIB). This was a classic retracement for the second wave.  It is possible that we see these lower prices for the last time, so if you are still hesitating and waiting for 13 000 USDT or even 6 000 USDT per bitcoin, then I think it's not going to happen. It's everyone's dream to buy cheap Bitcoin.  We must remember that Bitcoin successfully defended its previous all-time high from 2017, which was around 19 000 USDT, depending on exchanges.  The third wave of the first impulsive wave is an extended diagonal, which is pretty rare to see in the market. But as per Elliott Wave himself, diagonals also appear in third waves.  The next major resistance and high liquidity area is exactly at 34000 USDT. It's very likely that we will make a pullback here.  Bitcoin is pretty weak compared to altcoins like BNB or ETH, because the BTC.D (Dominance) chart is going down and people prefer altcoins instead of Bitcoin at this moment. This trend should continue for another year (alt season). For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
60
EUR/CAD: Change the trend confirmedEuro/Canadian Dollar look bullish in H1 and H4 timeframe. Now, I will explain very well what happen in each timeframe in my way We se a bullish divergence in the RSI in H4 timeframe, and the price look bullish in this side. Also, we are in the resistance zone around $1.3055 CAD, but this could be invalided as our key resistance it's around $1.3160 CAD. Because in Daily timeframe as we forming a bullish envolving pattern, the price could to lead to the upside and following in H4 timeframe that look bullish case. i will put a buy order place to $1.2965 CAD, Stop Loss to $1.2926 CAD and take profit to $1.3160 CAD. And this can be a huge opportunity of 195 pips to earn. In H1 timeframe our best support it's around in the previously lower high or in the blue dark zone that it's our best zone to buy and not now as this could be a smart zone to bought I hope hope that this idea support you Good luck!!!
Long
by harisonhbn9718
2
$XLE (Energy) seems to be making the same pattern as last time!Notes: * I last spoke about this around the end of May as it was forming an ascending wedge Now: * It seems like the Energy sector ETF $XLE is making an ascending bearish wedge/channel once again. * It's showing resistance around the $82.9/8 area again. * I wouldn't be surprised if it has a fake breakout to the upside face resistance around the ~$88.7 area and eventually falling back inside the channel. * I'm neutral for the time being but keeping a close eye on this for a bearish reversal. It doesn't seem extended yet, that's what makes me think that it may actually break out to the up side before heading back down.
AMEX:XLE
by HaseebKhan_90
2
EURGBP can move lower? 🦐EURGBP after our previous analysis reached the support area at a confluence zone. The market is trading inside an ascending channel and we can expect s further bearish price action. How can i approach this scenario? I will wait for a clear break of the area and in that case i will looking for a nice short order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
8
Mean reversion buy on earnings crash of $LRN $LRN has been trading in a bullish channel for over a year now, and now is retesting the lower end of the channel's support. I'm entering a long position as the previous two candles were a doji and inverted hammer, both being strong signs of reversal. Additionally, at open, the stock gapped down below the lows on both the previous two candles, giving a good risk/reward ratio for this trade. I'm aiming to sell when the price crosses back to the moving average 50, for a small swing, but will cut my losses if the price falls below ~33.17, around where the previous trough's low was.
NYSE:LRNLong
by spiritualhealer117
EUR/GBP: Bearish fundament in EuroWhat I think it's that they're an impact negative in the Europe energy crisis as governments are starting to share higher energy costs with European consumers, that thing that we should to call a worry scenario that will affect the European economy and of course the performance in the trades and business. Also I know that UK has a bad expectative in based the high cost of living and inflation out of control in the lives of Britain people. But that forex par make a high correlation and sensitivity with 2 biggest nation UK and EU. That it's all my fundamental key that I bring you everyday. So, Euro/Sterling Pound look in my technical analysis into this bullish channel and I believe that Euro it's more weak in front of Pound. Also, we could to expect this projection in the movement in EUR/GBP to open short position in this. Also, in Daily timeframe, we see a high probability that Euro could to weak more than Pound in based that we're fundamentally in the worst crisis in Europe never see by decades and a lot fears in the global financial market, more specifically in European markets. 0.8677 GBP, Stop Loss to 0.8511 GBP and take profit to 0.8416 GBP. This it's a risk/benefit 1:2. I hope that this idea and analysis support you and using the fundamental keys to watching what happen in the global financial market Good luck in this trade!!! So, I will put a sell place to
Short
by harisonhbn9718
4
GOLD - New bull market has started! | All-time high next year Gold has bounced successfully from the strong support level on the weekly chart. As per my Elliott Wave analysis, an ABC correction (FLAT) + Wave (4) have been completed, so we can start a brand new impulsive wave! On the weekly chart, we can spot a beautiful rectangle consolidation, which is a strong continuation pattern. The price is above the 200 moving average. The 200 weekly MA is considered a very strong support area by huge institutions and hedge funds. I think this will be the final impulsive wave and then we can go back to retest the rectangle from the upside. You can place your profit target at the top of the parallel channel , but do not forget to switch to the LOG scale. For more analysis, please hit "Like" and "Follow"!
OANDA:XAUUSDLong
by UnknownUnicorn2537518
32
We found support on the retest of the top trendline of the wedgeWe can see here on the 1day bybit chart how the wedge we broke above recently is the exact support we are currently finding support on upon the retest. Maintaining this as support would be huge as it would confirm the breakout of the wedge. We can see we are also still inside a rising channel in red. Confirming the breakout of the wedge should take us to the 60k range…if we lose this as support and dont soon reclaim the 200weekly ma and 50 monthly ma’s as support, then there is a slight chance the bottom isn’t yet in. *not financial advice*
BYBIT:BTCUSD.P
by DrDovetail
short-term analyze for btc (bitcoin)hello guys as you see on chart, btc form in a ascending channel and at the end of the rising price, the quality of the trend has decreased until break down bottom line of wedge or bullish trendlin! now price is at the bottom of the channel and it is so possible it has a very short upward movement until... let me explain two scenarios: scenario 1: after breaking down bottom of wedge price formed a long bar candle and every long bar candle has a hidden gap on it. on this case hidden gap formed on $22395 and this price is so much suit for short position until reach and touch that liquidity pool. i mean $20070 scenario 2: this chart had decision point before breaking down and this area it is so valuable for short positin, i mean $24174 by sl= $25000 always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment. BE PROFITABLE
Long
by melikatrader94
15