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Channeltrend

Nasdaq - Now Is The TimeHello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 10 years the Nasdaq has been trading in an obvious rising channel formation and retested the lower support the last time in 2023. This retest was followed by an expected 65% pump. Considering that Nasdaq is now retesting resistance as mentioned in the analysis, I do expect a short term pullback to retest the next support level below current market price. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
TVC:NDQ
by basictradingtv
9
Making and using Stacked Channels on log scale for targets 🧠 💱Alright, so here I will explain the idea of stacked channels on a logarithmic scale. First thing you need to do is go to logarithmic on your chart. You might want to reset the scale just for convenience so it looks nice and neat. Then you go to the channel and look, obviously we're going to start at the bottom. Okay. Now what you want to do is you find your channel here, right? Let's say this was the first one. You can go here as well. You can go here. It's whatever. I'll just go here to the beginning See how it lines up at the top. Okay, then I'll extend it And you were asking when does the price break out of the channel so here I'll mark it so you see This was a fake out. But here we have a legit legitimate breakout, right? So If I highlight this area right here, you know, you have the breakout of the channel, out of the channel. So what I do now is, I'm going to copy this channel, clone it. Ok, CTRL-C, CTRL-V, just slide it up, match the top of the old channel to the bottom of the new one. And you have a nice target here. See how it touched and stayed roughly around here? So that's all there is to it. And look, perfect here. You see? Confirmation. Confirmation again. Confirmation again. That's how you do it.
Education
by ThinkLikeaWhaleTLAW
1
Sell EURAUD Channel BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.6620, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.6525 and 1.6479. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.6660. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
6
BITCOIN: Channel Mode PlayIn recent market trends, Bitcoin has shown signs of a channel mode play, as depicted by the chart. Additionally, a short-term trend has formed, currently exhibiting three rebounds. These indicators serve as an initial alarm for a potential reversal of the current events. If the price breaks above $32,500 or so, it could signal a continuation of the upward trend without significant corrections. The cryptocurrency market has been buzzing with activity, and Bitcoin, the leading digital asset, has been at the center of attention. Traders and investors are closely monitoring its price movements, searching for clues and patterns that could help them make informed decisions. One interesting observation in the recent price action of Bitcoin is the presence of a channel mode play. This concept refers to the formation of a price channel, where the price fluctuates between two parallel trend lines. By analyzing the chart, we can observe that Bitcoin's price has been trading within such a channel, indicating a period of consolidation and potential future price movements. Furthermore, a short-term trend has emerged within this channel, characterized by three rebounds. These rebounds suggest that buyers are stepping in at certain price levels, creating a level of support and preventing the price from falling further. This trend has held up so far, serving as a noteworthy factor to consider. As traders, it is essential to identify potential turning points or reversals in market trends. The price level of $32,500 holds significance in this scenario. If Bitcoin manages to break above this level, it could indicate a shift in the market sentiment and a resumption of the upward trend. Such a move would signal a bullish outlook for Bitcoin, potentially paving the way for further price gains without significant corrections. While no one can predict the future of Bitcoin's price with absolute certainty, it is important to consider these indicators as valuable tools for decision-making. As we navigate through an intriguing summer in the cryptocurrency space, it is evident that the market sentiment remains positive. Bitcoin has shown resilience and demonstrated its ability to recover from temporary setbacks in the past. It seems increasingly likely that we will witness new record highs for Bitcoin in the near future. Whether it occurs within this year or the next remains uncertain, but the prevailing optimism among investors suggests that it is only a matter of time. The cryptocurrency market is characterized by volatility, and as such, it is essential to stay informed, monitor price movements, and adapt strategies accordingly. In conclusion, the channel mode play and the short-term trend observed in Bitcoin's price chart provide valuable insights for traders. The $32,500 price level serves as an important threshold to watch, as a breakout could lead to further price appreciation. As we embark on an exciting journey in the crypto space, the potential for new record highs for Bitcoin looms on the horizon, and it's an exciting prospect for investors and enthusiasts alike. Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial or investment advice. Trading cryptocurrencies carries a high level of risk, and individuals should conduct their own research and consult with a financial advisor before making any investment decisions. Previous idea:
INDEX:BTCUSD
by Gokic
Sell CADJPY Bearish Channel The CAD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Sell Entry: Consider entering a short position around the current price of 111.46, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 111.07 and 110.82, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 111.70. This helps limit potential losses if the trend unexpectedly reverses. Thank You.
Short
by KABHI_FOREX_TRADING
12
Long Bitcoin Cash (BCH) to $310Trading is slower recently with less than usual decent trade setups. But this looks like a good setup. With VRVP supporting current price with high volume and this coinciding with the bottom of a larger up-trending channel entry here is nearly as good as we can expect. Additionally, our daily RSI is in a fair range. We do have some resistance to get through. 237 is a level of resistance along with the 100 day SMA just above that. But if those can be defeated, we're well on our way. Target #1 - 254 Target #2 - 270 Target #3 - 288 Final Target - 311 I plan to take 25 percent off at the first target and raise my SL to break even. Thereafter, every target reached will be another quarter off of my full position and a raised SL to the preceding level. Risk/Reward on this is a healthy 5/1 with my stop out placed at 222. Best, Stew
COINBASE:BCHUSDLong
by stewdamus
BTC comes out on top from the sideways trend channel!Hello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we use blue lines to mark the side trend channel in which we have been moving for a long time, and you can see how the price is currently leaving the channel at the top, often a positive exit from the channel and testing it gives an increase close to the height of the channel. As you can see, inside the channel, the price has surpassed the local downtrend line. Looking at the current increase and the attempt to exit the channel at the top, we will unfold a Fib Retracement grid, thanks to which we can determine a strong resistance zone from $52,463 to $52,999, with which the price is currently fighting to exit at the top, if the price goes up and positively tests the upper zone of the channel and resistance zone, we can see an increase to around $54,494. Looking the other way, we will unfold the screen again and mark the first significant support at $51,873, while we still have a strong support zone from $50,994 to $50,522, at the lower border of the channel that strongly maintained the price. Please look at the RSI indicator, where we are approaching the upper limit, but with room for further dynamic growth, while the STOCH indicator shows a movement above the upper limit, which may nevertheless trigger a price correction in order for the indicators to recover.
by cryptodailyuk
Buy XAUUSD Channel FormationThe XAU/USD pair (spot gold) on the M30 timeframe displays a potential buying opportunity due to the presence of a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel, characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure. Recent Price Action: The recent price action shows the price holding above the support line of the channel, indicating continued bullish momentum. Buy Entry: Consider entering a long position around the current price of 2026, positioned near the support line. This offers an entry point close to potential buying pressure. Target Levels: Initial bullish targets lie at the previous resistance level within the channel, now acting as potential support: 2046. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. If Price Breaks the Channel, its Starts Bearish like, Channel Breakout Pattern. Thank you
OANDA:XAUUSDLong
by KABHI_FOREX_TRADING
6
Buy AUDJPY Megaphone PatternThe AUD/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined megaphone pattern. This pattern, characterized by expanding channel lines, can suggest both bullish and bearish continuations depending on the context. However, in this case, certain factors point towards a potential upside move. Buy Entry: Consider entering a long position around the current price of 98.28, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the previous resistance levels within the megaphone, now acting as potential support zones: 98.73 and 98.94. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the megaphone, ideally around 97.95. This helps limit potential losses if the price reverses and breaks back downwards. Thank you
Long
by KABHI_FOREX_TRADING
8
Sell GBPNZD Bearish ChannelThe GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: The price has been trading within a descending channel characterized by two falling lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure. Sell Entry: Consider entering a short position around the current price of 2.0420, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 2.0335 and 2.0285, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 2.0480 This helps limit potential losses if the trend unexpectedly reverses.
Short
by KABHI_FOREX_TRADING
1
Sell GBP/USD Bearish Channel The GBP/USD pair on the M30 timeframe displays a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming hours. Key Points: Bearish Channel: The price has been trading within a descending channel characterized by two falling lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure. Sell Entry: Consider entering a short position around the current price of 1.2590, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.2502 and 1.2454, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 1.2635. This helps limit potential losses if the trend unexpectedly reverses. Thank you.
Short
by KABHI_FOREX_TRADING
10
EurUsd - Long Term ChannelHello Traders, welcome to today's analysis of EurUsd. -------- Explanation of my video analysis: Starting in 2008 EurUsd has been trading in a descending channel for more than 15 years. At the moment EurUsd is retesting the upper resistance of the channel so a move lower is quite expected. Furthermore EurUsd is also retesting previous support which is after the break towards the downside turned resistance so everything is pointing towards a next move lower. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
by basictradingtv
8
AVAX/USDT Bullish Channel In H4A chart of the AVAX/USDT currency pair on a 4-hour timeframe. The chart displays a Bullish channel pattern. Bullish Channel : The Price has been Trading within a Bullish Channel for Some time, characterized by a resistance line at the top and a support line at the bottom. The price is currently trading at Bottom of channel pattern, if Breaks the Downside then it start Bearish Sign. However, it is still early to say whether this is a genuine breakout or a false signal. Recent News: Music industry eyes DeeStream presale after Ethereum and Avalanche whales join: This news suggests potential increased interest in the Avalanche network from institutional investors, which could be positive for AVAX price. Thank you.
Long
by KABHI_FOREX_TRADING
1
VIPIND : Best Swing Trading OpportunityVIP Industries has given Zero Returns from last 3 years VIP Industries Stock currently around the support which was working as Resistance. Stock has also formed Falling channel in short term and now around 500 levels is coming support from these 2 factors. So stock is around the support and looking good for swing trading ! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision. #stock #stockmarket #investing #money #finance #trading #investment #VIP #VIPIND
NSE:VIPINDLong
by FiveCircles
1
Sell GBP/USD Bearish ChannelThe GBP/USD pair on the M30 timeframe displays a potential selling opportunity due to a well-defined bearish channel pattern. Sell Entry: Consider entering a short position around the current price of 1.2580, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.2501 and 1.2453, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 1.2615. This helps limit potential losses if the trend unexpectedly reverses. Thank you.
Short
by KABHI_FOREX_TRADING
5
Buy CADJPY Bullish channelThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Buy Entry: Consider entering a long position around the current price of 111.19, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 111.60 and 111.84, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the channel at 110.90. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_FOREX_TRADING
1
BUY EURJPY Bullish Channel PatternThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure. Buy Entry: Consider entering a long position around the current price of 161.50, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 162.02 and 162.35, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel at 161.00. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_FOREX_TRADING
1
Sell USDCAD Bearish ChannelThe USD/CAD pair on the M30 timeframe exhibits a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: As visualized on the M30 chart, the price has been confined within a descending channel characterized by two falling lines: a resistance line and a support line. This ongoing downtrend signals continued selling pressure. Sell Entry: Consider entering a short position around the current price of 1.3460, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.3414 and 1.3396, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.3485. This helps limit potential losses if the trend unexpectedly breaks upwards. Thank you
Short
by KABHI_FOREX_TRADING
21
Sell EURCAD Bearish ChannelThe EUR/CAD pair on the M30 timeframe exhibits a bearish signal due to a well-defined downward channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel characterized by two falling lines, one for resistance and one for support. This pattern indicates ongoing selling pressure and potential for further decline. Sell Entry: Consider entering a short position around the current price of 1.4503, situated close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.4465 and 1.4452, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.4523. This helps limit potential losses if the trend breaks unexpectedly. Thank you
Short
by KABHI_FOREX_TRADING
10