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Channelbreak

Is INTC getting ready to break its channel?As with most stocks, INTC has been in a bearish trend beginning this year. Recently it has entered into a neat downward channel. Following the last test of the channel upper bound (denoted by the blue flag), a substantial decline occurred. This decline ended with a volume spike against the lower bound. The last test of the lower bound (denoted by the green flag) is strikingly different than the previous. It lacked a volume spike and did not push the Stoch or MACD to new lows. In fact, during the latest retracement up, both indicators flashed signals of a bullish divergence. It seems likely that this retracement following the latest lower bound will take us at least to the upper bound, if not break the channel.
NASDAQ:INTCLong
by Ronald_Ryninger
3
Nzdusd---FAKEOUT or BREAKOUT??????NEITHER!. Am not going to try to PREDICT where the market will go, only GOD can do that. Am just going to wait for price to choose a direction and REACT to that..... Am seeing that the fakeout option offers a high RR of 1:4, so am praying for that direction as I get to make more money. Targets and stop on the chart, if am wrong I lose 1R, if am right I get 4R, and there is a 50:50 chance......so worth the risk!. Like & Subscribe..... Let's SWING it, guys....
Long
by LexyenHille
MANA/USDT : Moving into two channels BINANCE:MANAUSDT 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! $MANA is moving into double ascending channels and so, the lower trendline should be acting strong enough. In terms of this, I'll be managing to locate my Longs in two separate strategies. - Taking partial Long based on active stop-loss at $0.88 with a stop-loss at $0.83 as 4H close below. - Taking Long based on invalidation when it gets the hold above the marked red zone. So it's your choice, You know your risks better... Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
10
KCSUSDT wants another breakout! The price is creating another channel below the daily resistance after the market retested the 18$ as I told you in my previous analysis. How to approach? The price needs to create a new breakout from the 18$ and retest it as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
SOL/USDT : Breaking below the descending channel! BINANCE:SOLUSDT 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! $SOL has broken below the descending channel on the current daily candle. So the major movement is expected to be bearish, But there's a formed bullish order-block at the current price level. That's why we'll need to break below the order-block to confirm both bearish break below the channel and bearish movement as the majority. - Also, We'll have the opportunity to locate our Short into a proper retest of the broken order-block at $34.00 and aim for May's Low at $20.00! In other terms, If we get the support for the current order-block, Then it'll activate the pullback scenario towards $58, So it'll come with Possible Long positions, But it's not our main scenario yet! 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
Short
by Helical_Trades
34
Will this be the end?NYSE:BABA Today the overall market had a green day, many big names like TSLA and FB rallied more than 4% today. But the question I am going to ask is: “Do you think this is the end of the enormous channel BABA has been trading in? BABA started trading in this channel since 2020! But BABA sort of broke out today. But this could also be a bull trap. Today’s volume was just a tiny bit under average. Maybe this is the beginning of something enormous. Please watch my related article about channels, at the related idea section. To learn more about this intriguing chart pattern. Curious about your point of view. Let me know! This is no financial advice
NYSE:BABA
by StijndeVries