Houston, We Have a Problem!yes, we have a problem with this trendline...
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Channelling
EURUSD | Perspective for the new week | Follow-up detailsAll eyes will be on the Non-farm payroll on Friday as investors want to know whether the Federal Reserve can create a “soft landing” while raising interest rates to combat inflation that has been running at four-decade highs. However, from a technical standpoint, the current market structure still screams "bearish". In this video, I shared my technical opinion on my expectation this week as I look forward to a potential decline for the Euro.
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Bitcoin - Textbook Elliott: Minor Degree Wave 4 Nears CompletionCompletion of a Minor degree wave 4 of the Intermediate degree wave 1 is imminent.
A motive wave down for the Minute degree wave C should finish the flat correction. Since Minor degree wave 2 (ending early March 2020) was a zig zag, a flat correction should have been expected for wave 4 per the guideline of alternation.
A Minor degree wave 5 accompanied by a decrease in volume should follow as we push into new all time highs near $140,000. Expanding volume in wave 5 would suggests an extension reaching into the $350,000 range.
This point would mark the end of Intermediate degree wave 1 and would suggest a sharp zig zag correction will likely retrace 61.8% of all progress made between December 2018 and January 2022.
QTUM at its core (up and down at the same time...?)QTUM has been trading inside this channel since the market drop in May 2021. It is now trading near one of its support zones. Over the next few weeks, QTUM will approach its long-term resistance (black line) which it has tested and failed to break over the past few months. This has resulted in the pair trading below the 100 and 200 day MA. It is overall bearish in the short-term until it can prove otherwise.
QTUM's long-term support is currently holding and this idea is that the price could rise and break out of its resistance pushing toward the top of the channel. However, if this support does not hold (most likely due to a breakdown in the price of BTC) it could test the second support at ~5.46 which may be an even stronger entry point with a good return.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only! :)
XELA channels and divergencies asking for reversalRSI , MACD vs channel divergency , double bottom ... Seems like a step before trend reversal .
How To Use The Trading View Parallel ChannelsHey wits, it's currently 1am and I thought why not drop some tutorials cos' it's Saturday. Most aren't familiar with the trading view tools. So, we're here to help.
Watch the clip to get started with the trading view parallel channels.
Leave a comment and smash the like button if you found this helpful.
BTCUSD Predicting Next Few stepsHello traders!
In my previous post, I was expecting a little drop and a rise after that and it moved as expected and now it is ready to complete the 3.2 wave.
I have also predicted the next few moves. I will update the chart after every step.
Don't forget to hit the like button and follow to stay connected
Long for NBSUSDTLong position for NBS.
because:
1.moves in a ascending channel
2.The red line resistance has broke and
3.retest completed.
R/R=1/2