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Descending Channel

USDJPY → Retest of key resistance before fallingFX:USDJPY breaks the bullish structure of the market. Dolla in the correction phase has a favorable impact on the market. The currency pair is forming a retest of the previously broken trendline after a strong impulse The yen reached a 10-week high on Thursday, causing the USDJPY pair to fall to 149.5. Investors are looking for safe-haven assets due to increased trade tensions caused by Donald Trump's aggressive tariff policy. The Japanese currency received additional support due to expectations of an interest rate hike by the Bank of Japan, which will increase its attractiveness for investors For now, the focus is on the 0.5 fibo resistance zone, 150.95, and previously broken upside support Support levels: 149.5, 148.64 Resistance levels: 150.95, 151.4 Most likely, before a possible fall, the price will be able to test the previously broken support, and now it is resistance 150.95 - 151.4. False breakdown of the key Fibo zones may provoke further fall. Regards R. Linda!
Short
by RLinda
2
EURJPY → Consolidation before further declineEURJPY is forming a downtrend. The price is bouncing off the channel resistance and has approached strong support, the breakout of which may trigger further decline Global EURJPY is in a neutral trend, but locally, due to economic nuances, the euro is weakening against the Japanese yen There are two key zones on the chart - resistance at 159.112 against which a false breakdown can be formed before the price continues its decline. And support at 158.45 - support of the pre-breakdown consolidation and at the same time a strong level, the break of which will open the way to 156.29. Resistance levels: 159.11, 160.16, 160.9 Support levels: 156.29 Technically, the situation is weak and hints that in the short term the bears could overcome the key support, which could trigger a bearish momentum Regards R. Linda!
Short
by RLinda
12
CAKEUSDT → False breakout of resistance. Return to the trendBINANCE:CAKEUSDT is forming a false breakdown of key resistance as part of a bullish rally. Further altcoin decline may be influenced by bitcoin's decline, the flagship looks rather weak Technically, the move in Cake looks like a counter-trend maneuver to gather liquidity before a further, possible fall. The altcoin market is weak and most coins continue to look for a bottom, while bitcoin is consolidating but with a hint of a decline to 91-90K. CAKEUSDT is focusing on 2.6144 - 2.7288. If the bears keep the price below these zones, the coin could head down in the short to medium term Resistance levels: 2.6144, 2.7288, 2.2964 Support levels: 2.420, 2.0634 Statistically, a false breakdown provokes the strongest movements, often even trend changes. In this case, it is a counter-trend movement and if the price reverses locally, the coin will be under the pressure of the trend again. A price fixing below 2.6144 may strengthen the fall to 2.42, 2.06, 1.04. Regards R. Linda!
Short
by RLinda
10
XAUUSD - Gold H1 analysis and possible move! 2861!Gold is currently forming a symmetrical triangle pattern, indicating potential breakout opportunities. The price is near $2,915, trading between key support and resistance levels. Key Levels: 🔹 Resistance Zone: $2,940 - $2,950 Price has rejected this level multiple times. A breakout above this area could trigger a bullish move. 🔹 Support Trendline: $2,880 - $2,900 A key rising trendline providing support. A break below could lead to a bearish move. 🔹 Major Support Zone: $2,861 - $2,865 If price reaches this level, buyers may step in. A confirmed break below could accelerate selling pressure. Potential Scenarios: 📉 Bearish Breakdown (Main Outlook): 1️⃣ Price consolidates within the triangle. 2️⃣ A break below the support trendline signals further downside. 3️⃣ Target: $2,861 - $2,865 support zone. 4️⃣ If this level breaks, expect a deeper drop. 📈 Bullish Breakout Alternative: If price breaks and holds above $2,940, expect bullish momentum. Next Target: $2,960 - $2,970. Trading Plan for Traders: ✅ Wait for a clear breakout before entering trades. ✅ Short below trendline support, targeting $2,861. ✅ Long above $2,940 with confirmation. ✅ Use stop-loss to manage risk effectively.
OANDA:XAUUSDShort
by PIPsOptimizer
1
XAUUSD 15-Minute Chart Analysis! 2840!Overview: Gold is currently trading around $2,900, showing a potential bearish setup based on key technical levels. The chart highlights an important Fair Value Gap (FVG), support and resistance levels, and a possible price movement scenario. Key Levels: 🔸 Resistance Zone: $2,940 - $2,950 A strong supply zone where price previously reversed. If price reaches this level, sellers might step in. 🔸 Fair Value Gap (FVG: $2,915 - $2,918) A price imbalance that could act as a short-term resistance. If price taps into this zone, it may reject downward. 🔸 Support Level: $2,879 A key horizontal level that has acted as support before. If price holds here, a bounce is possible. A break below could trigger further downside movement. 🔸 Target Zone: $2,840 - $2,830 A demand zone where buyers could re-enter. Projected Price Movement: 📉 Bearish Scenario (Main Outlook): 1️⃣ Price moves into FVG ($2,915 - $2,918) and rejects. 2️⃣ Drops towards support at $2,879 for a retest. 3️⃣ A break below $2,879 confirms further downside. 4️⃣ Targeting the $2,840 - $2,830 zone. 📈 Bullish Invalidations: If price breaks and holds above $2,920, it could push higher toward $2,940 - $2,950 resistance. A breakout above $2,950 would shift bias to bullish. How to Use This on TradingView: ✅ Look for bearish signals (rejection wicks, strong red candles) near FVG before shorting. ✅ Watch for a breakdown below $2,879 to confirm further downside. ✅ If price holds above $2,920, reconsider bearish bias.
OANDA:XAUUSDShort
by PIPsOptimizer
USDCHF → Struggle for the 0.900 zone. Trend change?FX:USDCHF earlier broke the uptrend when the fundamental background changed and the dollar went into correction. A set-up appears on the chart, which can strengthen the maneuver Fundamentally, the situation is complicated because of the tariff war, which was organized by Trump, and European countries are reciprocating. Economic risks are on the rise. In addition, after Trump and Powell's hints about possible rate cuts, the dollar went into correction, which has a favorable impact on forex. Technically, the 0.9000 level plays an important role as it is quite a strong zone. If the bears are able to keep the price below this mark, in the selling zone, it will be a confirmation of the trend change and the price will be able to head down. Resistance levels: 0.9000, 0.9045, 0.9065 Support levels: 0.89157 I do not exclude the fact that the price may return to the range and test 0.5 Fibo, but the technical and fundamental background hints at a possible decline. Emphasis on 0.900. Regards R. Linda!
Short
by RLinda
7
BTCUSDT - H4 Analysis For Next Possible Move!Hello Traders! As price is moving within a downward-descending channel, which suggests a bearish trend. The chart labels this pattern as a Descending Channel, which typically signals continued downward movement unless a breakout occurs. Bitcoin is currently priced at $97,680. A breakdown from the descending channel, leading to lower price levels. The target price is set at $84,020.27. The price is expected to test the lower boundary before breaking further down. If BTC breaks below $92,604.67, it may trigger further declines toward $84,020.27. Alternative scenario May wait for a breakout above the descending channel to confirm a trend reversal. If BTC breaks upward, a move toward $100,000+ could be considered. Thanks Regard: PipsOptimizer
Short
by PIPsOptimizer
GBPUSD → Attempting a trend change. 1.257 - triggerFX:GBPUSD is trying to take a chance for a trend change amid the dollar correction. The price is testing consolidation resistance for a breakout On the daily timeframe, the price is consolidating above the previously broken trendline and the attempt to break the resistance is generally indicative of the market sentiment. A dollar correction could favor the pound if the index breaks 107 and heads towards 106-105. Technically, the focus is on 1.257, a key resistance trigger. A break and price consolidation above this zone could trigger a rally. Resistance levels: 1.2575, 1. 2718 Support levels: 1.250, 1.2377 I do not exclude the possibility of a retest of 1.250 support in order to accumulate liquidity before further growth. The dollar is likely to continue its correction after Trump's and Powell's comments on rate cuts Regards R. Linda!
Long
by RLinda
2
POPCATUSDT → False breakout of bearish trend resistanceBINANCE:POPCATUSDT.P is testing trend resistance on the 4H timeframe. A sharp approach and a false breakdown of the upper boundary of the channel may provoke a correction or continuation of the decline The global trend is downtrend, the locational trend also coincides with the global trend. Bitcoin cannot become a bullish driver for altcoins yet. Yesterday's economic news also had a negative impact on the market. In addition, the cryptocurrency community was betting big on Trump, but he has put cryptocurrencies on the back burner. Technically, POPCAT is testing the channel resistance with a false breakout within the downtrend. Consolidation of the price below 0.322 could trigger further selling. Resistance levels: 0.322, correction resistance Support levels: 0.2386, 0.1596 I do not exclude the possibility of retesting the resistance of the correction channel, but due to bearish pressure and weak market the decline may continue. Regards R. Linda!
Short
by RLinda
3
EURUSD → Pending a breakout of resistanceFX:EURUSD is trying to take a chance amid the dollar correction. The price is forming a retest of consolidation resistance for a breakout and further growth After an attempt to break the downtrend resistance, the price moves into consolidation and forms a range of 1.053 - 1.021. Inside this set-up a local channel (consolidation) is formed and the price tests the resistance at 1.038. The market is still trying to confirm the change of trend and get stronger on the background of the dollar correction. The fundamental background is complicated due to the tariff war and economic crisis.... Resistance levels: 1.038, 1.053 Support levels: 1.033, 1.021 A breakthrough of the resistance at 1.038 and price consolidation above this area may trigger further growth within the distribution of the accumulated potential Regards R. Linda!
Long
by RLinda
3
Potential 10X - 200X, Don't Miss EOSEOS has been stuck in a 6-year downtrend channel and a 4-year falling wedge. Volume has been drying up while price kept bleeding for years—most weak hands are likely already shaken out, meaning the supply is highly concentrated now. 📌 Current Setup: Price has bounced off the wedge and is sitting near the lower boundary of the long-term downtrend channel. If BINANCE:EOSUSDT closes a daily candle above the high-volume Feb 3rd level, it could signal the start of a major bullish move. ⚠️ No guarantees—always use a stop-loss and trade safely! But if this setup plays out, COINBASE:EOSUSD could easily see a 10x move and a potential to 200x in this bull run. 🔴 for more future script “guesses” like this! 😉
BINANCE:EOSUSD
by Harold_123
BITCOIN → Down to $90,000. Downside risks are risingBINANCE:BTCUSD feels the change of mood and continues to form set-ups hinting at a possible continuation of the correction. Another retest of the 90K risk zone is possible. On the medium-term timeframe bitcoin failed to hold near ATH, in the upper consolidation range and entered the local selling zone, under the level of 99800. A negative note is felt in the cryptocurrency market, as well as a change in sentiment. Altcoins continue to break through bottom after bottom without any positive prospects. Bitcoin at this time is most likely resentful of the US governing apparatus due to the fact that no promises from Trump have been kept so far, and the price is moving into a protracted correction in the local perspective Briefly, here's what's going on: Expectations: Bitcoin reserve, cryptocurrency market support, transparent regulation, pumping the market ... Reality: new scam coins created before the US election that sucked all liquidity, market manipulation, trade war with almost every country on the planet, dumping the market into the abyss. Support levels: 95.8 (trigger), 91300, 90K Resistance levels: 100.2, 102.67 Technically, the situation is that bitcoin may continue its decline and test 90K again, from which the risks around 90K will grow. At the moment, the price is in consolidation between 95.8 - 100.2. A pre-breakdown consolidation is forming near the support, foreshadowing the support breakdown and further fall to 90K. But, due to the dependence of the asset before the actions of politicians in the U.S., the price may shake out to 100.2 before further falling Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
40
PEPE/USD Bullish Breakout: Demand Zone Holds, Reversal in Sight?PEPE/USD has been gaining attention as it trades near a critical juncture. With the daily demand zone holding strong and signs of a downside channel reversal, the pair could be on the brink of a bullish breakout. In this analysis, we’ll break down the technical indicators and patterns that suggest PEPE/USD might be ready to reverse its downtrend. Daily Demand Zone Holding Firm One of the most significant factors supporting a potential bullish move is the respected daily demand zone. This area has provided strong support, acting as a floor for buyers to step in. A failure to break below this zone increases the probability of an upward momentum shift. Key Support Levels: Highlight exact price levels in the demand zone. Volume Analysis: Look for increased buying volume around these levels, which could signal accumulation by bullish traders. What to Watch For Before Confirmation While the technical signs are promising, traders should remain cautious. Key events to watch include: Breakout Above Resistance: Identify the breakout level for confirmation Retest of the Channel Top: Look for a retest and bounce as confirmation of strength. Market Sentiment and Volume: Monitor trading volume and broader market sentiment. Conclusion: A Bullish Opportunity? The combination of a respected daily demand zone and a downside channel reversal pattern makes PEPE/USD a pair to watch. A confirmed breakout could set the stage for a bullish run, providing traders with an exciting opportunity. As always, use risk management and stay updated with the latest price action.
Long
by theunscriptedacademy
GBPUSD → A breakout of trend resistance. Change?FX:GBPUSD is forming a local trend change attempt. The price breaks the resistance of the descending price channel and forms a consolidation above the line, in the buying zone. The fundamental background is very complicated and not stable because of Trump's policy and the tariff war with the whole world. Sharp shifting statements have a huge impact on the markets. Technically, the price is breaking the resistance of the long downtrend and we have a chance to change the local trend. A breakout of the resistance at 1.2488 and a price consolidation above this zone may motivate a buyer to support this move. Resistance levels: 1.2488, 1.26 Support levels: 1.2414, 1.2377 The price may test the previously broken channel resistance before rising further, but the 1.2488 trigger plays an important role. If the bulls can keep the defense above this area, the currency pair may rally a bit in the short term. Regards R. Linda!
Long
by RLinda
5
ACTUSDT → Attempting to change the trend BINANCE:ACTUSDT is trying to move into the realization phase after breaking through the resistance of the bearish wedge, a pattern capable of changing trends After a prolonged downtrend, the coin has found a bottom in the 0.1500 area and yesterday's bitcoin recovery was a bullish driver for ACT. The market is pretty much confirmed manipulation by the US government and will have to come to terms with that. Technically, the focus is on 0.21400 support. The key pattern to wait for is a false break of the support followed by a consolidation above the level and the start of an upside move. This would be a characteristic bullish maneuver that could lead to local strengthening. Resistance levels: 0.26800, 0.35120 Support levels: 0.21420, 0.1500 For a trend change, the coin needs not only to consolidate above the support, but also to overcome the resistance at 0.26800. The altcoin market is weak, so there should be strong confirmations to open positions in one direction or another. Regards R. Linda!
Long
by RLinda
2
GBPUSD → What are the chances of a fall after a FB?FX:GBPUSD is testing the resistance of the downtrend, but the price does not have the strength to go beyond this range. Ahead of the news that can strengthen the downward movement.... On D1, the price is also forming a false breakdown, but relatively important level, thus confirming that the price is still in the selling zone. Ahead is the Fed rate meeting, where the interest rate is likely to remain at the same level. But the most important thing will be Powell's speech. If the official's tone is hawkish, which is the most likely scenario at the moment, the dollar will get support, which may negatively affect the GBP. Technically, the strongest moves occur after false breakouts. Resistance levels: 1.24887 Support levels: 1.2414, 2.2377 A retest of the trend resistance ends with a false breakout and consolidation of prices below the line... A break of the support at 1.2414 will trigger further selling. If there is no unexpected news, the currency pair may fall to 1.224 Regards R. Linda!
Short
by RLinda
2
BITCOIN → The price is getting ready to drop to 100K - 97KBINANCE:BTCUSD is facing strong resistance. The price is being pushed away from the 105-107K zone as much as possible, forming a defense conglomerate. But, this resistance cannot overshadow the global bullish situation yet A controversial situation is forming on H1-H4: a descending channel and a symmetrical triangle. And everything depends on what part of the market sees which figure. The primary reaction to the triangle support may be accompanied by a rebound, but based on the situation with the resistance, we can assume that the rebound from the triangle will not be deep and the price will try to go down. If we look at the descending channel, the price is held back from falling by the support at 101.600. Yes, technically, it is the support of 101.600 that plays the main role now. The main question is whether this level will hold the price or not. Fundamentally, the situation is debatable, as the situation mainly depends on America, on how Trump and officials will use rhetoric regarding cryptocurrencies. It could be a bubble, a scam to win an election, or empty talk. Or it could be an actual strategy Resistance levels: 103.4K, 105.8K Support levels: 101.6K, 99.6K Emphasis on 101.6. In the short term, I expect a breakdown and price consolidation below the level followed by a drop to 100-97K BUT! Since there is a symmetrical triangle on the chart, a false breakdown of 101.6 may lead to a small upward bounce before a further fall to 100K Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
62
XRP → Resistance retest before correction BINANCE:XRPUSDT over yesterday evening bought back the previously formed fall, but faced strong resistance, which delimits the descending channel. A correction could possibly form... After a strong rise (on D1) XRP is going into a correction, the remarkable thing is that the correction is within a descending channel, or flag, the essence of which is the continuation of the trend. Let me remind you that the global trend is bullish. Technically, on the local , a false resistance breakout and correction may be formed, for example, to 3K or 0.5 fibo before the market starts to form the potential for a breakout of the channel resistance in order to continue the growth. Support levels: 3000, 0.5 fibo (2.900) Resistance levels: 3.144, 3.2 The liquidity formed in the zone 3.14 - 3.2 may not let the coin up the first time. In the short term, I expect a false breakout and correction to the targets indicated on the chart. Regards R. Linda!
Short
by RLinda
5
Bitcoin’s Next Move: Long Setup or Deeper Correction Below $95K?As I expected , Bitcoin ( BINANCE:BTCUSDT ) continued to fall to the Support zone($101,280-$99,500) , and it even seems that it has broken . Bitcoin is moving near the Support zone($101,280-$99,500) , a set of support lines , the 50_SMA(Daily) , and the Monthly Pivot Point . According to the theory of Elliott waves , Bitcoin seems to have completed the main wave 3 and is completing the main wave 4 . I expect Bitcoin to follow the Roadmap I outlined in my chart in the coming hours . Because Bitcoin is near the set of support parameters , I chose the label of this idea as LONG . Note: Like the previous Mondays, the purchase MicroStrategy company continues buying Bitcoin=>"MicroStrategy Buys 10,107 Bitcoin For $1.1 Billion." Note: If Bitcoin can touch $104,200, it will fill the CME Gap($105,500-$104,695) in the next step, and it is possible to form a new All-Time High(ATH). Note: If Bitcoin goes below $95,000, we should expect more corrections from Bitcoin. Has the main Correction of Bitcoin started!? Please share your ideas in the comments. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
28