Get started

Ascending Channel

EURO - Price can reach resistance area and then bounce downHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to rising channel, where it rose to support level, but at once bounced down. Price fell to support line of channel and then made upward impulse to resistance line, breaking $1.0740 level. Then Euro corrected to support level and then in a short time rose to $1.0875 level, exiting from rising channel. Euro started to trades in flat, and firstly it made fake breakout of $1.0875 level, after which declined to bottom part of flat. Soon, price rose to resistance area, after which turned around and recently fell below, making fake breakout again. Now, I think that EUR can rise to resistance area and then bounce down to $1.0805 bottom part of flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
4
LINK → The potential is at +100%. Waiting for a breakoutBINANCE:LINKUSDT enters a new range, after updating the local maximum, against the background of the general market correction, the coin is declining. Support retest is possible. The resistance at 18.320 plays a key role for the coin. A false breakout and correction is forming. A quick retest of the resistance or a pre-breakdown consolidation will hint that the market is ready to go higher. Now we should wait for a flat support retest and watch the price reaction to this area. A false breakout followed by price consolidation above this area will be a signal for buyers. Resistance levels: 18.320, 0.618 Fibo (D1) Support levels: 13.328, 16.60 The fundamentals are quite strong. The bulls need to consolidate above the key zone to make important decisions. The coin has a potential of +100% Regards R. Linda!
Long
by RLinda
3
EURUSD → False resistance breakout. Decline to 1.075?EURUSD is testing range resistance and forming a false breakout with further confirmation of the boundary. The bears are strong and are not letting the price beyond 1.0884 yet. On Thursday and Friday strong and important news are published. Traders are interested in US GDP and PCE. There is a high probability to see data that could be bullish for the dollar in the current circumstances. As for EURUSD - trading inside the range may continue. Technically, I am waiting for a bounce from the local trend support and a retest of the resistance before a further decline. Resistance levels: 1.0884, 1.0942 Support levels: 1.0802, 1.0736 False break of resistance is a confirmation that the price is not ready to go up yet. A breakdown of the scenario is possible, if the price breaks through and consolidates above 1.0884, but there are no reasons for that. We expect a breakout of 1.0836 with the purpose of further fall. Regards R. Linda!
Short
by RLinda
2
USO - Oil Prices are Rising LONGUSO follows the futures prices of oil barrels. On this 30 minute chart, price falls have been rejected by the POC line of the volume profile and the Lux Algo Donchian channel has transitioned from downgoing to trending up. The dual TF RSI of Chris Moody now shows RSI holding above 50 in both the 15 min and 60 min TFs. Net distribution has bottomed out and accumulation now exceeds distribution. I see this as an excellent entry to buy calls above the money at $70 or look into shares of USO / UCO/ GUSH ETFs or look at any of the oil sector stocks including well services which are typically small caps with great upside volatility with price action momentum. My favorite of those is BORR which currently is trending up and may have much of its move ahead. The ascending parallel channel of USO is perhaps a signal for the sector at large.
AMEX:USOLong
by AwesomeAvani
ETHEREUM → The coin comes to life. Target 4,000?BINANCE:ETHUSDT is forging a retest of the key support area. On the background of NFP publication, the coin grows following the flagship - BTC and tests 3130. We are waiting for a retest of 3200. An interesting promising candlestick pattern is forming on W1 on the background of the retest of the key support, which is the resistance of the previously broken ascending channel. The Chart clearly shows how the market is gathering liquidity at the expense of sellers, which is generally an encouraging pattern with the goal of further growth. On D1 it is worth paying attention to the triangle boundaries, as well as to the 3200 area, a breakout and subsequent consolidation above which will form a strong bullish potential that can continue to grow to the interim high of 4086, as well as to the ATH. Support levels: 2900, 2812 Resistance levels: 3200, 3350 Technically and fundamentally, ETH has a good potential. The phase of realization of the accumulated energy can be activated at the breakout of 3200. Also, on a bullish trend symmetrical triangle is a good and potentially promising pattern. Regards R. Linda!
Long
by RLinda
25
CADCHF → Realization phase. Growth after breakthroughOANDA:CADCHF may continue its growth after confirmation of bulls' intentions. CHF is weakening faster than CAD, which in general will favorably affect the currency pair. We expect the growth to 0.68 The price is breaking the global resistance, as well as moving the consolidation pattern into the realization phase. Consolidation of the price above the previously broken trend boundary will be a great sign that the currency pair is ready to go higher. Fundamentally, the situation is relatively stable, which is generally positive for us. Ahead of resistance 0.6722, the level can be broken after a quick retest. The formation of a bullish impulse is possible. Resistance levels: 0.6722 Support levels: 0.6694, 0.6655 Technically and fundamentally conditions are favorable. We are waiting for confirmation of the signal with the purpose of further growth to the previously mentioned targets. Regards R. Linda!
Long
by RLinda
2
GBPUSD → A false breakout draws a pin bar. Sellers are winning FX:GBPUSD is forming a test of the resistance level at 1.271. There is a struggle for the level during the week and apparently the sellers are winning (pinbar is formed and consolidation under the level). Technically, the downtrend was broken earlier, but there was no confirmation of the boundaries and confirmation of the trend change, so the area of 1.271 may become the zero point for the beginning of the correction. The currency pair on the background of fundamentally strong dollar may go down to 1.2664 with the subsequent breakout and fall to 1.257. Overall, the environment is unstable due to high inflation and regulators' decisions. Resistance levels: 1.271, 1.28 Support levels: 1.2664, 1.257 I expect the beginning of correction to the support area, although the bearish channel was broken earlier, but there are no strong bulls in the market yet. Regards R. Linda!
Short
by RLinda
10
GBPJPY → The Yen continues to weaken. Target 197.0FX:GBPJPY is testing trend support, but buyers are keeping the price away from risk zones. The currency pair is returning to the bullish zone relative to 193.5, which generally opens up the market to 195.0-197.0 upside potential On W1, the currency pair after a false breakdown of global resistance is moving back to 195.844, which generally tells us about the strength of buyers. Interventions by the central bank of Japan played a short-term role and the news leverage has exhausted itself. Traders continue to put on short positions and still sell the national currency, which in general only strengthens the pound against the yen. Consolidation above 193.5 confirms the bulls' intentions to continue the growth. Resistance levels: 194.15, 195.56, 197.38. Support levels: 193.54, 193.0 A retest of the local resistance at 194.15 is being formed. A breakdown and consolidation above this level will cause further growth towards the previously mentioned targets. Regards R. Linda!
Long
by RLinda
5
USDCHF → False breakdown gives bullish momentum ↑FX:USDCHF is forming a false breakdown of range support and uptrend, which opens the market to buy potential. CHF is weakening stronger than the dollar and this could support the uptrend. On D1, the price tested the MA-50 ascending average with a false breakdown, as well as a strong support area at 0.900. Liquidity capture and candlestick set-up form the price reversal and bullish momentum, which, from the point of view of trading inside the range, can lead the price to the upper boundary - 0.9216 Resistance levels: 0.910, 0.915, 0.9216 Support levels: 0.9075, 0.900 A break through the nearest zone 0.910 will accelerate the price strengthening. The bullish trend may continue. Regards R. Linda!
Long
by RLinda
9
ANKRUSDT → Traders are gearing up for a rally. Breakout 0.05BINANCE:ANKRUSDT breaks the resistance of the symmetrical triangle, which generally determines medium-term perspectives for us. The coin may move to the realization phase after consolidation The potential of the coin is quite large, the market has been saving energy for two years and with the breakout of 0.0476, then 0.05885 it can move into a strong rally phase. There are already bullish prerequisites on D1. A breakout of the range resistance and a retest of 0.0478 is forming. Watch the price reaction, as a correction may follow before a further resistance breakout, but a quick retest will increase the chances of a breakout. Support levels: 0.04528, 0.0425 Resistance levels: 0.0478, 0.051 I expect that a small correction will quickly end, after which traders will again move to attack the resistance at 0.0478 with the aim of breaking it. Consolidation above the level will be a good sign for growth. Regards R. Linda!
Long
by RLinda
3
BITCOIN → The bulls are ready to break resistance. 71K or 73K?BINANCE:BTCUSD , after a shake-up (False Breakout), relative to the liquidity zone of 59-60K, is forming a bullish impulse, which is also favorably influenced by fundamental reasons On the local timeframe there are signs of the end of the locational correction and the beginning of the formation of the third wave. The bullish trend is starting to revive, but there are quite a few key areas ahead that can hold the level. Yesterday, after the bulls held the defense above 64500-65000, the buyers started to push the price up and tested the resistance 67250 with a false breakdown. There is no fall after the false breakdown, a pre-breakdown consolidation is forming. Bulls are still collecting positions with the breakout target and are ready to go all the way. On W1 the picture is very interesting and this correction has the character of consolidation. Huge volume is being collected from the strong buyer side. The distribution phase that will start after the consolidation is over could continue the bullish trend if the buyers are persistent. Resistance levels: 67250, 71500, 73700 Support levels: 65250, 64500, 61500 Bitcoin looks quite bullish right now. High interest, favorable fundamental background can affect the strengthening of the price. At the moment it is worth paying attention to these levels, the breakthrough of which may give a continuation of movement, the targets are indicated on the chart CME:BTC1! CRYPTOCAP:BTC CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
64
Bitcoin - Pullback is required, buy again lower!In my previous analysis, I suggested buying cheap Bitcoin at 67k and now the price has gone up to 71k in a single day: What now? Will this pump continue? It's possible, but I am waiting for lower prices because the current pump has created a huge FVGAP on the daily chart. These GAPS tend to be filled sooner rather than later. What's more, the price hit a critical point of resistance that you can see on the chart. We have 2 parallel channels, and the price is currently at this critical point. My suggestion is to wait for lower prices, 68k seems to be a strong support, but also the bottom of the ascending blue parallel channel. Bitcoin is very bullish on the weekly chart, so there is a strong probability of prices above 100K this year. What is my ultimate target for Bitcoin for the whole bull market? I will soon share my special technical analysis on the monthly chart, and you will see a detailed graphic representation of it. Let me know what you think about my analysis in the comment section, 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
29
GOLD → ATH Update. What are the reasons? Next up is 2500? FX:XAUUSD has been breaking through ATH and testing 2450 since the opening of the session. Possible reasons could be fundamentally weak dollar, as well as geopolitical reasons related to Iran Earlier we defined exactly the end of the correction, the intermediate bottom at that moment was the area of 2300 and since that moment the price has overcome the way of 150 dollars or 6%. The bulls are back in the market and traders are ready to support the acutal trend. It is worth paying attention to the support of 2431, 2417, it is possible the beginning of a small correction (assumed 4th wave), within which the price can test the above mentioned areas of liquidity before further growth. Support levels: 2431, 2425, 2417 Resistance levels: 2450, 2475 The bulls will actively defend the nearest liquidity areas and strong support levels, as these are the risk areas for the buyer. The trend may get its continuation either after a pullback or when the price breaks through and consolidates above 2450 Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
Potential rising channel breakdown on BitcoinBitcoin had been forming a rising channel for quite a few days here which is seen best on the 4hr chart timeframe. I chose to show it on the 1day timeframe though because the channels breakdown target just so happens to align with the daily 50ma(orange line). It would make a lot of sense for it to retrace to the 50ma and attempt to retest it as support. Of course being that we are in the midst of a potential phase 3 of our bull market, this also increases the chances of bearish patterns not hitting their full breakdown targets(especially on time frames smaller than 1day). So there’s no guarantee it hits its full breakdown target. Many times in this cycle of the market price can even form bearish patterns that till find a way to break upwards. There’s also a chance here much like when we topped out in 2019 after a big parabolic pump in of this just being the beginning of the correction and for price to break down from even a couple more additional bearish patterns as well. So I will do my best to keep things updated If I see any further bearish patterns form off of wherever this one goes but for now, I preliminarily am going to try to get a small dip buy in if it reaches this current potential break down target and then watch for t he next pattern to develop after that. *not financial advice*
by DrDovetail
4
🚧ADA is Bullish now🚧 & many Traders don't see it 👀!!!Hi. BINANCE: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
1
BITCOIN → Why did it drop to 60K? When do we expect 75K?BINANCE:BTCUSDT has been showing bullish prospects all week and has been consolidating above key zones, preparing to go higher, but on Friday the market changed to bearish and there is a reason for that. BTC lost 3.3% on Friday and is currently painting a bearish picture. There are two reasons for this: Inflation related news, basically proving that inflation is still high at 3.3-3.5% Expiration of contracts for 1.15 billion. Put / Call ratio amounted to 0.64. Maximum pain point at the 62000 level. Liquidation of huge volume and consequently bearish momentum. Technically, everyone is interested in one important question - when will the correction end? Bitcoin continues to consolidate and collect liquidity at the expense of buyers. The market can test the key zones: 59300, 56500 and even there is a probability of testing 52900. But, the growth needs reasons and traders are still in the waiting phase. The confirmation of the end of the correction, at the moment, will be the breakthrough of 64500-67500 and price consolidation above these zones. In this case, the global sentiment will change to a strong bullish one Resistance levels: 61500, 64500, 67250 Support levels: 59300, 56500 Consolidation continues and at the moment the price is heading towards support. A false breakdown of one of these areas is possible before further growth. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
46
EURO - Price can break resistance level and rise to $1.0920Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it at once bounced from support level and fell to support line of channel. Then Euro at once bounced up to support area, some time traded there, and soon broke $1.0725 level again. Next, price rose to resistance line of channel, after which made correction to support line and then continued to grow. In a short time, EUR rose to $1.0865 level, which coincided with resistance area and even rose to resistance line of channel. But soon it turned around and declined lower $1.0865 level, making fake breakout and now EUR continues to fall. Possibly, price can decline a little more and then bounce up to $1.0920, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
GOLD → The realization phase is taking shape. Target 2450?FX:XAUUSD is strengthening well on the background of weakening dollar index, related to fundamental reasons (news on inflation). Gold's strengthening may continue, but after a correction. Bulls are interested in 2378-2350 area. The main task is to take the defense above the key liquidity and support zones. Confirmation of the end of the correction phase on H4-D1 is forming and the market is moving into the bullish phase, forming a strong realization in the form of distribution. Practically, we should wait for support retest and consolidation above the level with the aim to continue growth towards 2400-2450. Today at 12:30pm Initial Jobless Claims is published, analysts are expecting a decline in the index, which could be a bullish scenario, but actual data above 219K could weaken the dollar, while below it could strengthen. Resistance levels: 2397, 2400 Support levels: 2378, 2352 The local correction phase may be stopped near the key levels, but it all depends on the news, if they confirm the general fundamental background, the gold growth will continue, otherwise, the local correction will drag down to 2350. Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
USDCAD → Weak dollar. Currency pair in the correction phase FX:USDCAD is declining on the back of a weak dollar index and breaking the support of the descending triangle, which generally allows bears to dominate the market. The price may go down to 0.355 The uptrend is not broken, a correction is forming after a retest of resistance. A descending triangle is forming on the chart as the dollar index is starting to show weakness related to the fundamentals. Most likely, from 1.36328 the price may head towards the trend support from which a rebound may follow with high probability. Resistance levels: 1.36328, 1.37 Support levels: 1.3547 I expect the bearish momentum to continue as the sellers are strong at the moment. The global trend is not broken, the market is developing a correction phase. Regards R. Linda!
Short
by RLinda
6
SHOP range bound with potential for Bullish continuationHi guys so this is a Macro analysis on Shopify (SHOP). Recent weeks of price action have got my eyes on SHOP. Lets jump right in. This analysis is done on the 1 week timeframe thus supporting a Macro lens look on whats happening. As you can see, ive highlighted key area with an Orange rectangle. Below it, you can see candles attempting to get into it and getting rejected few times. However since Nov 2023 till present time, we've been inside the Orange rectangle. Recently, we've made it to the bottom of the Rectangle to test it as SUPPORT. We had about 3 weeks of Testing. With this weeks Candle printing a potential Large lower wicked Hammer candle. This can be an indication of a attempt to reverse our downtrend from $90ish. At the same time, we have Support confluence of this Ascending Channel. And our current candle attempting to break Resistance trendline that formed since Feb and local top of $90. Remember though a breakout above Resistance trendline is not enough. We would need confirmation of it acting as support. On top of that, at the posting of this idea. Our weekly candle has yet to close. Maintaining price Above 73.50 would be key. And to keep in mind that there is also Resistance Above $74.00 If things progress look to where the Upper trendline of Ascending Channel and the Upper border of Rectangle meet to potential target. Also keep an eye for updates on further signs/ clues to take into consideration to help us make informed decisions! __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on SHOP in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:SHOPLong
by SafofAllTrades
10
TON → Ready to ↑ to 7.0. The coin is stronger than the marketOKX:TONUSDT shows quite positive dynamics both from the fundamental side and from the technical side. An attempt to end the correction with the purpose of further growth continuation is being formed. A rather interesting setup is forming on D1 indicating the formation of a strong market bottom in the area of 4.8 - 4.6. After the retest of the key liquidity zone, the price forms a false breakdown of MA-200 and the transition to the bullish zone. At the moment, a pre-breakout setup is being formed against the resistance at 5.985 (6.0). On H4 this is the resistance of the correctional movement. Breakout and consolidation above this area will form a bullish potential, the target of which will be the growth to 7.2, 7.6. Resistance levels: 6.0, 6.2, 7.2 Support levels: 5.923, 5.9 I expect the bulls to continue fighting for their positions. The pre-breakout formation may soon move to the realization phase with the purpose of growth to the mentioned zones. Regards R. Linda!
Long
by RLinda
8
✅BTC's situation+next targets and expected movements.Hello. As you can see, Bitcoin failed to break the Ascending triangle in its last attempt, and now it is making a fourth downward wave based on Elliott , and than we have to wait for Bitcoin's rise. 👀To motivate me ,Like ❤️ & Share 🌐 this post with your friends ! Thanks for your support ♥️ ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDShort
by CobraVanguard