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Ascending Channel

DGB testing bottom of log channel & threatening a h&s breakdownNot financial advice but I’m accumulating small amounts of digibyte in this zone because although its totally possible we can breakdown from the rising channel DGB has been in on the log chart I think its more likely we continue to stay in the channel for longer. Also the head and shoulder target while very possible currently seems like the lesser probability than continuing to bounce up from the wedge. Of course if bitcoin decides to test 14k we may indeed see this h&s breakdown and reach its full target but for now I think a fakeout and then a rebound back up is the slightly more probable scenario. Because of that I’m willing to accumulate a small amount here at the support of the bottom trendline of the channel in hopes it will do some sort of bounce. Market looks very bleak, fear and greed has been setting new records but I’ve always held the strategy that that’s the best time to be be buying so I’m going to do so but very cautiously and very meager amounts. If it doesn’t pan out no big loss. *not financial advice*
BITTREX:DGBUSD
by DrDovetail
Bitcoin BTC - Acceleration very soon! + Elliott Wave This local correction should be over very soon, and we can continue higher in the uptrend! It's not an easy task to do an Elliott Wave analysis here, but this is how I see it. As per my Elliott Wave analysis, we are in the impulse wave 3 of the huge impulse wave 3. Currently, we are very close to the acceleration point, where we will see an increase in volatility. I am very bullish on Bitcoin and I would never short Bitcoin on the futures market at the current or even lower price! I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
82
NAS100USD on an ascending channel 🦐NAS100USD on the 4h chart is moving inside an ascending channel. The market after the recent low started a retracement move to the upside and currently is testing a confluence below the 13k How can i approach this scenario? I will wait for a potential move below the structure and in that case, i will look 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.
OANDA:NAS100USDShort
by InkyGrip
dow jones (us30) will %45 drop if...hello guys! us30 there is in a long term ascending channel for sure... but let look last recession closer: what was conditions of last recession : 1- break down last lower low 2- fake out last lower low 3- before starting a downward movement break ma(200) 4- last lower low break ma(200) too 5- after break down drop until %45 On the other hand, what are the current conditions: 1- last lower low break ma(200) 2- price is near of ma(200) so we are waiting for a break down of ma(200)... so, we get confirmation after ma(200) break down then we can get a lot of short position for indices and us shares: let's look at us interest rate and United States Inflation Rate charts again! i think everything is vivide in chart. what is your opinion about us30? If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
UShort
by melikatrader94
11
BITCOIN correction before more gain 🚀Hello 🐋 Based on the chart, the price is close to the support area, channel support and the green trend lines that act as a support ✔️ if the price does not break the green trend line and the support area to the downside, we will see more gain to the upside from our support area 🚀 otherwise we can see more correction at least to the channel support and our important support areas are $22300 and $21900 and $21500 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
24
DYDX/USDT : Correction is must before the next leg upBINANCE:DYDXUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! Our Last call on $DYDX has been got stop-hunted and today we'll enter positions based on invalidation and hold triggers only. Currently, $DYDX has formed an ascending channel, And based on the data we have, There's a bearish divergence formed from 29th July to 1st August. Also, it could be a good entry zone to locate Longs towards the higher bearish base, As $DYDX has formed a bullish order-block below at $2.00 So, In terms of using both scenarios; - There's a Short opportunity to $2.20 with an invalidation as hold above $2.84. With a local Long position with an entry zone from $2.30 to $2.10 with an invalidation as hold below $2.00. - There's also an aggressive Long setup after getting the invalidation above $2.84 with the Same stop-loss below $2.00. You can have your bullish run from the current market price or lower, But you have to manage the Risk/Reward Ratio too! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
7
Dollar index DXY - Prepare for a downtrend! + Full Elliott Wave On the daily chart we have 2 parallel channels that indicate 2 impulse Elliott Waves. As per my Elliott Wave analysis, this huge impulse wave has been completed and now we should go sideways or down! The first trendline is breaking out, and usually that means that other trendlines will break too. The first target is at wave 4 + 0.382 FIB + parallel channel retest. In my opinion, DXY has completed a significant uptrend and is now poised for consolidation (range). Look at my ideas about GOLD, EURUSD and Bitcoin in the related section down below. For more ideas, please hit "Like" and "Follow"!
TVC:DXY
by UnknownUnicorn2537518
44
GBP/USD Bullish Idea with Continuation patternGBP USD price is approaching the second tip of the cup and handle from where the handle is expected to form as there is a strong resistance as well as the upper line of the ascending channel also suggest that the price will be pushed back to form a handle. The first TP is based on the completion of the Cup and Handle Tip while the second TP is as per the distance of the cup bottom from the tip as well as it is the R3 resistance which has previously been respected by price.
Long
by D_Sultan7
Bitcoin BTC - 250 000 USD next target! Bull market continues. I think there is absolutely no time for a multi-year bear market at this moment. We had exactly the same correction (73%) as in 2020, and after that a massive bull run started. As per my Elliott Wave analysis, we are still in the bull market of an impulse wave and we need to finish it. An ABC correction (ZigZag 5-3-5, wave 4) has been completed successfully, and we can simply continue with a final wave 5. We can reach 250 000 USD next year, probably around December. 2017 swing high support successfully acted as a resistance in 2022 and the bulls successfully defended a possible bear market. The price is now above the 200 moving average. This MA is considered a very strong support zone by huge institutions and hedge funds. As you can see on the chart, the price is printing a second bullish flag / falling wedge and also a parallel channel on the log scale. I expect tremendous pumps for selected altcoins. You can find them in the related section down below. If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
Long
by UnknownUnicorn2537518
61
SPY to Crash? (Impulse to corrective ZigzagMy first attempt at identifying an Elliot Wave Pattern - I'm short and seeking contrary opinions to this to break me of confirmation bias. I see an impulse (1-2-3-4-5) from the 6 month sell off into June that now is in a correction phase in a form of an A-B-C Zigzag. The Impulse confirmed the trend because the drop between 2 to 3 was longer than 1-2 and 4-5. 2 Did not pullback and breach 1, thus confirming the Impulse. The A-B-C zigzag is also well formed, especially with parallel lines which strengthens the notion it is a correction (counter trend rally). I think Downside is to retest previous low (Jun17). Thoughts? Thanks.
SP:SPXShort
by DarthTrader1357
Bitcoin Higher Low and Possible Higher HighHi everyone, Thank you for considering reading my idea. With the current pattern, Bitcoin has been forming higher lows and now, another possible higher high. My targets are these levels of the pink Fibonacci Retracement: 1.272 - $25.2K 1.414 - $25.7K 1.618 - $26.5K $26.5K is also the 0.618 level of the purple Fibonacci Retracement. It's also possible in the next few weeks, the 20 week moving average (white) will catch up until it reached $26.5K. We're also forming an ascending channel which is a bit bearish. Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA. TAYOR. DYOR. Cheers, Juvs
BITSTAMP:BTCUSDLong
by Juvssss
1
Not YetHi everyone, Yesterday, I released a post where I was discussing how BINANCE:DOTUSDT lost its micro support and broke the pattern it was forming to the downside. That breakout triggered a lot of stops below the flag. However, it is regaining its momentum by slowly decreasing the size of its red candles. We can also confirm that it found its new support by drawing support lines on BINANCE:DOTUSDT and BINANCE:ATOMUSDT where ATOM has found a strong support in confluence with the 200 ema. HOWEVER, In this chart, ATOM is forming a Head and Shoulders and DOT is forming a descending triangle on the higher timeframe, which is bearish for both currencies. So, ATOM might be retesting a resistance area before quitting its uptrend channel. In conclusion, the best action to do is to not close positions already taken but to reduce them. Hope you enjoyed today's analysis😊.
Long
by yassin_khanji
GBP/USD Daily Descending Trend line Hi Traders, Have a look at GBP/USD on the 4-hour and daily chart today. Having a look at the Daily time frame, we can see that price has been respecting this bearish trend line since the 20th of February 2022. We've had 5 taps so far on this giant daily trend line. Currently, it looks like the price is pushing to print its 6th tap. Now, we don’t know whether or not this next tap will be the one to finally break us out of this bearish pressure that we have been in for the greater part of 2022. However, if we were analyzing a trend, we can see that this trend is not bullish. Our bias must remain bearish until proven otherwise. Now, I am no fortune teller and I am not one of those traders that say that they can pick out where the exact bottom is. I only trade setups that make sense to me. So having said that, let's go deeper into the 4-hour time frame. This chart shows that price has been pushing upwards, bouncing inside this ascending channel. What do we look for on ascending channels? Usually, we look for a break and retest of the channel bottom. This means we are waiting for a possible bearish break of this channel with a retest of the bottom of the channel. If we see that, we can open up a short position with our targets being previous support around the 1.176 price level. What's interesting to look for is that if this channel breaks to the downside and retests just as the price is touching or tapping the daily descending trend line, well then that gives us huge confluence to go short. To add to that confluence, we have divergence on the MACD Histogram. As price makes higher highs within the ascending channel, we can see the histogram make lower lows showing that the bulls that are there right now might start to run out of steam and the giant daily bears might be biding their time, waiting for that perfect moment to push price back down. To sum up my current thoughts .. Do nothing until shown a reason to jump in. I cannot force these charts and bend them to my will. Therefore, we wait until these patterns present themselves to us on a silver platter. Then, we jump in and take full advantage of the offering. Hope you all have a fantastic Tuesday. See you all on the next one. The Vortex Trader.
Short
by TheVortexTrader
Ethereum ETH - New bull market! 10 000 - 20 000 USD next TARGET! On the weekly chart, we still have an incomplete Impulse Elliott Wave and I think it's the right time to finish it! The bulls successfully defended the 200 moving average, which is very important. 200 MA is considered as a huge support/resistance zone by huge institutions and hedge funds. Check out the volume profile indicator. Here we can see a gap that acted as a support! If we take a look at the RSI indicator, we can spot a beautiful bearish trendline. As per my Elliott Wave analysis, an ABC (classic ZigZag) correction has been successfully completed, and now we can start a new impulse wave! These yellow trend lines help us identify individual impulse waves, and we are clearly missing a 5th wave. I expect tremendous pumps for selected alt coins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
61
Bitcoin BTC - Ready for another pump! Wedge + Elliott Wave This is my quick update on Bitcoin on the 4h chart (local price action). Price is still holding the major support zone (21 700 USDT - 22 000 USDT) and that's why my bias is still very bullish! We have an incomplete rising wedge, so there is a great chance for another wave to the upside. As per my Elliott wave analysis - we are basically in the middle of this "huge" Impulse wave! There are a lot of Elliott waves combinations, but i think this is most probable scenario. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"! My second alternative Elliott wave count. We have a leading first wave diagonal here.
Long
by UnknownUnicorn2537518
92
Gold XAU - New bull market just started! Elliott Wave + Channel Gold is currently sitting on a strong support level on the weekly chart! We have a great confluence here - an ascending parallel channel + 200 weekly moving average + bullish rectangle. 200 weekly MA is considered as a very strong support by huge institutions and hedge funds. ABC correction + Wave (4) have been completed, so we can start a new impulse wave from here! I think this will be the final impulse wave and then we can go back to retest the rectangle from the upside. You can place your profit target to the TOP of the parallel channel, but do not forget to switch to a LOG scale. Look at my ideas about Bitcoin and Ethereum in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
OANDA:XAUUSDLong
by UnknownUnicorn2537518
25
GBP/JPY: bullish hammer candlestickGreat Britain Pound/Yen Japanese develop a bullish hammer candlestick in H1 timeframe, also the price it's into this bullish channel formation and we could to see a good position to long GBP. Meanwhile, in H4 timeframe it's in process to develop the next candlestick to form in H4 timeframe, if we see a strong bullish candlestick in H4 timeframe and depending how long it's the force of bull. This it's mean that bull are going to carry the price to the upside direction.\ For now, in H1 timeframe I see this candlestick pattern called bullish hammer. Now, I entry to long posiiton around $165.64 JPY, Stop Loss to $165.06 JPY and take profit to $166.85 JPY. Now, it's not only that I consider this analysis as right, I'm watching the H4 timeframe and depending what kind of candlestick will form, I will keep this position, by the contrary, i will closed up if I see the unexpected key to keep the trade. So, you can to put long position, but watching in H4 timeframe how the candlestick end. Good luck!!! I will update the H4 timeframe and inform you my decision in the next 2 hours.
Long
by harisonhbn9718
6
Ripple XRP - Warning to all traders! Elliott Wave + Channel XRP is the most hated and most loved coin on the crypto market, no doubt about it. I personally like XRP, because transactions are extremely fast and super cheap, but the price action is another level! But let's take a look at the weekly / 3D chart and do Elliott wave / chart patterns technical analysis. As you can see there is a huge symmetrical triangle that has been destroyed by the bears in May 2022. Usually if a major pattern breaks down, then we need a lot of time to recover. It is a common thing to retest the triangle and then make a new low on the macro scale. What's more, as per my Elliott wave analysis, I deeply miss the next final impulse wave down to complete a major ABC retracement. If we take a look at the volume indicator - bearish pressure is still pretty high, which is not good at this moment. We have a massive parallel channel on the weekly chart and I think we can definitely retest this channel again in the future. Due to my analysis - I think we will go temporarily up from here and then a final capitulation move is going to happen. I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
by UnknownUnicorn2537518
27
USD/CAD: My perspective in this movement U.S. Dollar/Canadian Dollar it's look into this bullish channel and right now the price it's into this bearish movement that could to reach to $1.2618 CAD approx just shorting this par. This it's my Daily perspective. Right now, I see a zig zag movement that first we could to long in this gray zone and then sell in the resistance grey zone that I show in these arrow models. But I will going to still pending this opportunity to long USD/CAD around $1.2855 CAD to $1.2940 CAD. But remember, on Thrustday we have an important news in Euro and U.S. Dollar Euro to watch the interest rate and U.S. Dollar to watch the initial jobless claims. I wil lconsider this idea neutral until I see a reacton of bullish sentiment in the gray zone. I will going to analyze another Forex par soon.
by harisonhbn9718