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Channeltrend

BTC Upwards Channel and Long IdeaHi guys, This is my first idea on TradingView and I am relatively new to technical analysis. I would love to hear your feedback. An upward channel currently exists for BTCUSD (which can be better seen from the Daily chart). As long as the channel boundaries remain in place, the upwards bullish movement will continue. If we take a look at the Weekly Ichimoku indicator, we can see that the price has entered the lower portion of the cloud. This means that there is a good chance that the price will try test the upwards boundary of the cloud (being $10800). This will only take place once we clear and flip the $10000 resistance (and mental barrier) that is in place at the moment. I am net long BTC as long as this channel remains in play (see the Daily chart for a better view). I would love to get your views and comments. Let me know what you thinkk
COINBASE:BTCUSDLong
by CryptoNickizzle
3
CAD/JPY AnalysisThe price has broken out of the Ascending Channel and went up straight into the liquidity zone and reached the weekly supply level, targeting the 80 mark. The sellers defended the zone and forced price down to the top of the Ascending Channel. Price bounced from 79.40 (which is the top of the ascending channel and also a Fibonacci support area). First move (Buy) completed. Buyers have pushed price backed into the liquidity zone and with good news coming from Canada (CPI was 1.10%, better than expected). Will the Buyers break the 80 mark or will the Sellers win and delay the breakout?
by Benettel
Looking clean CABLE - GBP/USD. My favourite trade for this month - Over 1.26733 area I'd look for bullish formation, pattern or daily close for further confirmation of bullish run towards 1.27/1.28 is where the next resistance areas are. Some people say it looks like inverse head and shoulders. However, we need confirmation for it go OVER the trend line - we are finding that a key area. Keep an eye, put alerts or orders in so you don't miss the move. It is a great risk reward move as well as one of my favourite trades - momentum going with trend. However, until we haven't broken we could head lower to 1.25/1.24 areas and any lower 1.23. However, DXY is at a key area at this moment of time. Keep an eye out on EUR/GBP as well. Just a trade idea, not recommendation. Enjoy.
by Trade_Journal
😯 IH&S Test Breakout. (SPRT)🤔 This one caught my eye based off the fact it has printed a higher high with this potentially being a higher low. Looks something like an inverse head and shoulder pattern. The green line is the Resistance we would like to see breakout for a move up. I'm adding. I'm risking around 8% SL on this one. Daily Timeframe Crossover Strategy: Green Crossover The EMA Dots: 3/3 Green Support Level: 1.19 Resistance Level: Green Line and 1.49 A break above I think we shoot for the 1.49. Which would be a 15% move. Remember to diversify your capital, especially on penny stocks just in case you do have to take the hit. Have an awesome day! ✌ 🥇MLT | MAJOR LEAGUE TRADER
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by UnknownUnicorn2319099
5
BTCUSDT 1D | Bitcoin price overview: Drop to $8,800Last days we have seen the Bitcoin price drop after rebounding from the resistance zone - $9,900-$10,200. Now the price is at the lower border of the uptrend channel, which has been formed since March 13. Its breakdown and closing the day below $8,800 will open the way to $8,000 and $6,800 for bears. The current price is $9,120. MACD indicator shows strengthening of downward movement force. It is too early to talk about the beginning of the downtrend, as long as the price is in an upward channel. In order to return to an uptrend, the price must hold on above $9,300. Within a few days, the price will show us which side of the bulls or bears it is on, or will enter the wide flat zone $8,800-$9,300. Subscribe to the channel and stay with us!
by CatalystsFinance
4