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Channelbreak

Toncoin Eyes $3 But RSI Sets Record for Most Overbought Reading Telegram's Toncoin (TON) may be leading in crypto market gains, but its daily Relative Strength Index (RSI) is currently at the most overbought reading in its history. However, as the TON price is battling the middle of an ascending channel, a breakthrough could expose the upper channel resistance trendline, which aligns with the $3.00 psychological level. RSI Overbought As of December 15, the daily RSI stands at 84.96, which marks the highest point ever on the daily chart and is well above the classic overbought reading of 70. The previous highest RSI reading was recorded earlier this year on October 26. During the previous run in October, TON's price was also testing the middle of the ascending channel, just like today's price action. At that time, after TON reached the RSI overbought signal, its price sold off to retest the bottom of the channel. TON Ascending Channel From a technical perspective, TON's price action is moving inside an ascending channel, which can guide future price movements. If we project to the upside of the same price range we experienced between the middle of the channel and the channel's support, then we could expect a 61% rally. A rally of this magnitude would send TON's price to the top of the channel, right around $3.00. Looking forward: Prices in the middle of the channel, between $2.50 and the $2.00 were once key resistance levels, but now act as support levels. These are the prices to watch on the way down.
by cryptohopper
3
XMRBTC Broken Below Recent Rising ChannelAfter a really nice pump upward following on from a strong Buy signal over a month ago, we've now reached the point of return - a breakout on the down side of this rising channel, combined with a Sell signal from our Crypto Tipster v2 indicator would suggest a return to the next level of support. There are two main levels of support below the current price, one at 5%, one at 15%, the price of XMRBTC should end up somewhere between these two levels. Keep your eyes on this one!
Short
by theCrypster
BTCUSDT > Can We Close Above $18000 Soon!?Analysis of #BTCUSDT Hi traders, today we will have a look at #BTCUSDT Bitcoin recently tried to close above $18000 and failed, we can expect that the market will try again, but first, it may pull back to reload with more buyers and try again to close above $18000 which will be very positive for this market, and crypt market in general. looking to the left side of the chart you can see we are trading inside the wick of a bearish candle, this is part of the reason why I think the market will all down first before it tries again to close above $18000, another reason why I don't think the market will take major move is that we have FED news today. but I do think after FED we might get back and try $18000, I am interested to know what you think. I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Long
by TheTradersAvenue
44
📉💥BTC Short-term Short Position💥📈BINANCE:BTCUSDT COINBASE:BTCUSD First take a look at my previous analysis and positions. 💥Channel break pattern💥 While price is inside the yellow area, you can open short position in two steps. If the price falls and reaches the TP1, you can risk-free the position. TP1-2-3-4-5-6-7 are on the chart. The optimum stop-loss1-2 are on the determined area. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Short
by CrazyS
8
SPX500 might be heading shortSPX500 is facing strong resistance, 1 - touching a trend line that started on January 22 and touched again on March 22 and August 22. 2- A touch of the 200-day moving average. 3- Touch the ascending channel's top trend line. 4- Entered and exited a supply zone. On the 4 hour time frame, I see a head and shoulder pattern with a divergence on the MACD In order for the bears to take control, the neckline of the head and shoulders pattern at 3903.4 needs to be broken. -------------------------------- Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!
OANDA:SPX500USDShort
by Candlestick_OB
2
Nava Imbalance Strategy - BreakoutsPrice Action Trading Strategy. 1. Make Channel & highlight Imbalances (3 Touches for confirmed Trend Channel) ENTRY 1:. Wait for price to pass Imbalance in trend direction. Then Wait for Break/Retest of Trend Channel (showing trend weakness) + Entry Setup (Double Bottom, Head & Shoulders, etc.) Entry Signal- Engulfing Candle, Doji, RSI OB/OS, MacD, etc. ENTRY 2:. Wait for price to break Resistance + Retest (Price passes last imbalance + Entry Signal)
BITGET:XRPUSD.PEducation
by JOKESTV
EURUSD BULLISH SEEKING CHANNEL OR BRAKEOANDA:EURUSD The hot topic on the markets, will it keep the trend reversal by seeking a channel or break the resistances at 1.0350 or check the par once again around EU Interest, purely chart reading suggests that channel, once again the traders are those who drive the boat and may change direction at any time regardless of the wind. December is coming, keep in mind the US meets a day before the EU, on the 14th and the 15th Dec, there will be many opportunities for speculations there. 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.
Long
by legacyFXofficial
1
Gold Looks Bullish :)Hello friends. today i'd like to analyze gold in daily and 4H charts. lets take a look in daily timeframe we saw a breakout from an old decending channel. this is the first positive point for bull run according to TA. The price record 3 BGD candles in recent week and this is the second + point. now price reach a resistance level in 1770 and 38.2% fibonacci level. but lets take a look at 4H timeframe for more details: we see a strong support level that show Buyers are Stronger than Sellers. and in 1770 level we see some strong candle patterns such as Bullish engulf and Hammer. so i think the price can reach 200MA and 1800 resistance level easily like the green path i darw. and after that we will check condition and analyze the next run. thank you for your attention,please share me your opinion in cooments do you think so???
TVC:GOLDLong
by TraderAmin-KZ
2
TSLA - CHANNEL MOVEMNT BULLISH ON 4H NASDAQ:TSLA is underperforming in the past couple of months after the split, and clear channel movement formed. Test, brake, retested, short-term recovery in channel ranges. Pattern and channel trading is based on historical movements, and should not be taken as a "concrete" indicator for price projections or predictions. 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.
NASDAQ:TSLALong
by legacyFXofficial
BNB Holders, Attention❗⚡I want to congratulate to CZ and his team for building such a productive ecosystem that has worked perfectly during the Bear Market. Today we're going to discuss BNB/BTC chart on Weekly time-frame. At first glance at the chart, you can find out not only BNB wasn't bearish in bear market comparing to Bitcoin, but also it has acted super bullish. BNB has has grown more than 1300% since January 2021. The beautiful part is where you look at the date when BTC has reached it's ATH (The date is marked on the chart) after that, market has started to crash but BNB still continued it's growth. My Trading Culture : 1. I will never buy after multiple Green candles, instead I look for sell or short positions. 2. I will never sell after multiple Red candles, instead I look for buy or long positions. According to the above points, I have a great news for BNB holders. After these strong pumps and multiple green candles in BNB/BTC, now I'm looking for take profit / sell areas. By the way, I unstaked my BNBs yesterday to make them ready to sell them for Bitcoin . Now, let's head to chart to find out where are my exit points. You can see a Fibonacci Extension drawn with "A1", "B" and "C" (Let's call it "Fib1" ). This is my first and strongest pivot or returning area, so I call it " My 1st Take Profit " and will sell most of BNBs and swap them with BTC. Let's see what else do we have on the chart, 1. There is a yellow ranging channel that is broken upwards. The target of this channel is as wide as it's width, you can see it as the blue marker on the chart. The important thing is that, this target overlaps with 1.272 Fibonacci level for our "Fib1" (mentioned earlier). By this, I can come to this conclusion that 0.017 is a strong Resistance/PRZ . 2.Let's look at another Fibonacci extension, drawn with "A2", "B" and "C" (I call it "Fib2" ). You can see the Fib2's 1 Fibonacci level is so close to our above PRZ around 0.017. By combining the two points above, we can draw our second green area (It's called " My 2nd Take Profit " on the chart). This is a very strong and important possible turning point for Binance coin comparing to Bitcoin and I will sell all my remaining BNB if the price hit this area and swap them into Bitcoin the King of cryptocurrencies. ------------------------------------------------ This was my own strategy about BNB in my bag, I hope you enjoyed it. Feel free to ask any question you have and also share your own ideas about BNB in the comment section.💖 Don't forget to like this idea if you liked it👍
Short
by ArshiaZojaji
9
EUR/USD approaching parity. Could a hawkish ECB push it higher?The ECB meets this week and is widely expected to increase rates by 75bps. With CPI at 10%, will the central bank indicate that it is willing to hike further going forward? EUR/USD broke above the top downward sloping trendline of the channel today that the pair has been in since mid-February. If the pair moves above parity, the first resistance level is the 38.2% Fibonacci retracement level from the highs of February 10th to the lows of September 28th, near 1.0284. Above there is strong horizontal resistance at 1.0349/1.0368 and then a confluence of resistance at the 200 Day Moving Average and the 50% retracement of the above-mentioned timeframe near 1.0515. However, watch the statement closely. If the ECB is more worried about a recession than inflation, the pair could be back at previous lows near 0.9536 in no time!
by FOREXcom
2
SHIBUSDT | Wave Projection | Bull Look +130% Explosive MovePrice action and chart pattern trading setup: > Global downtrend wave channel breakout and retest its major resistance at SMA200D > The current bullish outlook of ABC uptrend wave with an upcoming C-impulse 1-2-3-4-5 wave > Target bullish wedge breakout TP1 @ fibonanci 1.0 extension - 1500+ and TP2 @ 1.618 extension zone +130% upside - 2600+ > Candlestick tight squeezed just below SMA200, if breakout SMA200D successfully, this major resistance will be the support for the new uptrend explosive wave. > The next support SMA50D and SMA20D @ 1000+ zone Always trade with affordable risk and respect your stoploss, nothing is 100%.
Long
by dukeposh