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Descending Channel

APTUSDT → Potential for further growthBINANCE:APTUSDT forms support 8.08 and pre-breakdown consolidation, within which it breaks the trend resistance. After breaking the resistance, the market forms a local high of 11.1 after which it tests the previously broken trend resistance and the support of 8.08. The market is trying to change the trend and it is logical on the growth of the total market capitalization. Technically, the coin has a good enough potential to catch up with other coins in growth. It is worth paying attention to the zone of 9.220 - 8.08. The bulls are trying to hold this area, increasing their volume. It is worth waiting for the price to consolidate above this area to confirm the bullish potential. The moving averages are supporting the market, and the false break of MA-50 gives a good signal. Resistance levels: 10.9, 12.67 Support levels: 9.22, 8.08 It is worth considering the potential for buying at the moment. A price consolidation above 9.22 will give a good place to open a trade. Regards R. Linda!
Long
by RLinda
2
🥇 GOLD - The 2040 level plays an important role Gold does not update the minimum and maximum, forming consolidation, as the market is now undecided with the further direction. For the whole week, important news is published today, which the market is waiting for. Regarding the consolidation, we have 2 scenarios. Because of the impending news, there are several scenarios: 1) 2040 resistance plays a key role 2) If the level is broken on the news, a price consolidation above the level will provide an entry point for a rise 3) But, if the news is bad for gold, a false breakdown could form 4) Local trend is bearish, global trend is bullish
OANDA:XAUUSD
by AndeWave
1
USDCAD → NFP may strengthen the currency pairFX:USDCAD is forming a local resistance level at 1.3364 and pre-breakdown consolidation before the news. There is a chance that price could consolidate. On D1 we see the formation of a global sideways range. Hence, we are using a range trading strategy in the global perspective. A false break of support forms a signal that price is now heading upwards. Yesterday, the TVC:DXY received fundamentally positive data that could strengthen the price, and also this data (Initial Jobless Claims, ADP NonFarm EC) is a prerequisite that today's Nonfarm Payrolls will also be bullish for the dollar. In this case, the currency pair may break the nearest resistance at 1.3364 and continue its growth. Support levels: 1.3315 Resistance levels: 1.3364, 1.3487 There is an empty space up to the target, therefore, if the nearest resistance is broken, the price will easily and quickly reach 1.3487 Regards R. Linda!
Long
by RLinda
2
USD/CNH ↘️ Short Trade setup ↘️Hello Everyone 🙋🏽‍♂️ descending channel pattern 💲 Entry Point : 7.14511 🟢 TP 7.09574 🔴 SL 7.16782 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by EMA_Trading
2
THETAUSDT - The attempt to change the trend is doomed to successBINANCE:THETAUSDT is forming another resistance retest and in fact it can be considered an attempt to change the bearish trend. The chance of success is quite high as several key patterns are forming. On the high timeframe, the coin finds a clear bottom and the triple touch pattern confirms the area. But the price still has a long way to go for a trend change, as breaking the local downside resistance is still not enough, THETA must overcome the 1.717 area to confirm a definitive trend change. On D1, a descending wedge is forming on the background of the bearish channel, the breakout of which forms a rally to the trend resistance, where a pre-breakout consolidation in the format of an ascending triangle is turning. The strength of this consolidation is enough to break the resistance area and the level of 1.190, which will confirm the breakout and may form an impulse to 1.337 and 1.700. SMAs are forming an interesting signal. Support levels: 0.982 Resistance levels: trend resistance, pattern resistance, 1.190. I expect a breakout of the above zone with the subsequent formation of an upward impulse. Regards R. Linda!
Long
by RLinda
6
BLUR - Fakeout below descending channelAllow me to share the exhilarating journey of BLUR, the budding cryptocurrency on Binance. Despite its nascent presence, BLUR has orchestrated a bullish symphony that echoes the proper way to ascend, shooting straight for the moon! 🌕 Navigating the Abyss: A Strategic Shakeout Descending Channel Tactics: BLUR engaged in tactical trading within a descending channel, setting the stage for a powerful move. A deliberate shakeout beneath the lower boundary provided the coin with ample fuel and strength for the ascent. Launching into Space: True Breakout Manifested The strategic shakeout was followed by a genuine breakout, soaring above the upper boundary of the descending channel. This breakout signifies a robust and bullish movement, suggesting potential gains. Experiencing True Bullish Momentum Early Glimpse of Bullish Prowess: BLUR, in its early days on Binance, has already demonstrated a commendable ability to showcase bullish momentum. The breakout from the descending channel serves as a testament to the coin's strength. Immediate Growth Trajectory: The trajectory indicates an immediate growth potential, positioning BLUR as a cryptocurrency to watch in the market. Strategic Insights: BLUR's journey is a compelling example of how strategic maneuvers within a descending channel can set the stage for true bullish movements. As the coin breaks free and charts its course towards the moon, traders and investors should keep a keen eye on potential entry points to ride the anticipated bullish wave. Embark on the voyage wisely, 🚀 ❗️Unlock exclusive insights! Claim your 3 crypto trading indicators for FREE! Link below 🔑
by AlexWhale
GOLD → Pending FOMC & FED. Price may fall even lower FOREXCOM:XAUUSD is in consolidation phase and it is likely to last until 19:00 GMT. The market is waiting for news and no strong movements in one or the other direction should be expected before the time. The premise is that the dollar will strengthen: Friday's NFP continues to be bullish for the TVC:DXY (pattern to break resistance is forming) PPI is expected to be bullish Overall the data over the past few days will not allow Powell to cut the rate. Inflation is still strong to change policy. Against this backdrop, gold may test one of the local highs: 1990, 1996, 2000 before falling further Overall, from a technical point of view, there is still a huge buying imbalance in the gold market, the market maker can take the price much lower to balance the situation and at the moment the negative fundamental background is contributing to this. Support levels: 1976,2 Resistance levels: 1984.3, 1990, 1996 The price continues to update the lows and this indicates the mood of the market. The fundamental background for gold is unfavorable and the decline may continue. The situation may change if today's news and its actual data are not extremely opposite to expectations Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
36
GBPUSD → Weak fundamental background will weaken the poundFX:GBPUSD is set for further declines as the TVC:DXY will continue its strength on the back of Friday's NFP, which will weaken the pound sterling. On d1 we see consolidation and retests of key liquidity areas. Since the opening of the session the market has been testing local areas and the pound is forming a small correction, most likely from the nearest resistance the decline may continue. On H4, the double top is forming a false break of the channel resistance and we understand the approximate resistance area. The bears are concentrated in the range of 1.2600 - 1.2700. On a weak negative backdrop, the pound may test the zones of interest and liquidity below 1.250 in the medium term. Within the range trading inside the ascending price channel, the emerging correction may lead us to trend support. Resistance levels: 1.257, 1.2600, 1.2615, MA-50 Support levels: 1.250, 1.245, 1.2386 I expect the end of the correction at the nearest resistance with the subsequent price drop to these areas on the background of weak fundamental background. Regards R. Linda!
Short
by RLinda
43
GOLD → Strong bears have come in. price is making new lows NCDEX:GOLD after NFP is updating 2-week low and preparing to decline further as fundamentally, we notice a reversal of market sentiment. On D1 the TVC:DXY is forming a reversal setup and another retest of the key level. Against the backdrop of positive NFP, the index could strengthen quite strongly within the medium-term outlook. In the COMEX:GC1! market, there is still a huge market imbalance in favor of buyers, whose number began to increase since the beginning of the conflict in the Middle East. A final break of the 1994 support and further price decline towards 1984 is expected in the near future. But before that the market may test the local highs (resistance). Moving averages indicate a strong bearish trend. Resistance levels: 2000, 2004, 2007 Support levels: 1991, 1984, 1965 Fundamentally and technically gold is going down. There is no strong news today, but the market may test the nearest resistance to capture liquidity before falling further. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
17
🥇 GOLD - Price will continue to fall from resistance Gold will continue its decline. There are a number of reasons for this: Fundamentally, gold is weakening (Strong dollar from NFP) Break of 2009.6 support The correction wave continues its second part False break of 2067 Target support area 1933 The market closes Friday below the support level. But, a counter-trend spike is formed, which may trigger a small correction to the previously broken 2009 level. The outlook for the market is bearish. The market may show interesting dynamics for the first two days, after which the price is expected to stop in consolidation before Powell's speech on December 13. On the background of NFP the Governor will not change his stance on policy and most likely the information will be at the same level. Gold may test the 1984 - 1950 area by the end of the week.
OANDA:XAUUSDShort
by AndeWave
3