Get started

Descending Channel

KCSUSDT is creating a descending channelThe price is creating an ascending channel on the daily timeframe below the weekly resistance after the price got liquidity as I told you in my previous idea on 0.886 Fibonacci level On 4h timeframe, the price is creating a descending channel and now the market is testing the 20$ resistance How to approach? the price needs to have a clear breakout from these structures with volumes and momentum, the market created a strong resistance on 21.2. So if the price is going to have a breakout from the descending channel, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
ETH/USD: Bearish channel flagEthereum forming a bearish channel flag and I will show you my specific target to trade in H1 timeframe, as also this what Ethereum it's right now it's in this pull back in hte moment of this analysis and we see a little bearish rising wedge that you can to do better in H2 or more to look it's in 30 minutes timeframe Now, I see that as we break out this chartist pattern and make another pull back in both mode in these charist pattern bearish channel flag and bearish rising wedge, it's a perfect entry to short Ethereum now. This it's the situation in Ethereum right now in H4 and we're into this bearish channel that we could to see a drop to $2,821 USD approximately. So guys, my trade it's the following. I entry in short position around of $3,025 USD, SL to $3,096 USD and my specific target will be to $2,906 USD. This it's a risk/benefit of 1:2 to trade Ethereum. Good luck!!!
COINBASE:ETHUSDShort
by harisonhbn9718
Bullish Flag for TNY?Or, will we see a sharp decline due to a hole in the wall front running leaked financials that are dismaying? And maybe even a good ol Tinley fashioned PP below the trading price to compliment the short-selling pressure of TNYBF and bearish sentiment. I have placed green arrows on the chart to signify fake-outs of the Macro Descending channel and Micro Bull flag or Descending triangle, to be determined in due time. It's possible Tinley is currently in the process of another fake-out in real-time, the CM_ Williams Vix is flashing green, this normally happens before bullish price action. But the sp is currently declining. If Tinley breaks above the 200 DMA and consolidates above the micro-pattern it's a very bullish signal, trade accordingly. Possibly a W Double bottom has occurred, only time will tell if TNY creates another higher low. glta
CSE:TNYLong
by ScotianBot
Waves WAVESUSDT - Impulse Elliott Wave completed! Bounce soon.- As per my Elliott Wave count - we should be in the end of the current downtrend. - Impulse Elliott wave is completed with 5 successful waves. - We have a descending blue channel, you can wait for a breakout of this structure to open a long position on confirmation. - I think wave 4 is a resistance and we can target this level (around 31 USDT). - On the RSI indicator we can spot a huge bullish divergence.
WLong
by UnknownUnicorn2537518
17
EUR/AUD: shoulder head shoulderThe price made movement to up this early and we see that this could be a good opportunity to short again Euro/Australian Dollar when take my SL in my 2nd trade and at least, in my first trade, I'm in profit with 31 pips for now. B Also as we forming a bearish channel, we could to forming a Shoulder Head Shoulder, a bearish pattern in development what I can see, but inevitable, we could't to hope what will be happen in the early today as Euro made a climb of 0.30% approximately. I will hope that Euro make a bearish cnadlestick of confirmation to entry to short in that price around $1.4606 AUD to see another opportunity here
Short
by harisonhbn9718
3
GBPCHF a turn at the 0.618 🦐GBPCHF on the daily chart is moving inside a daily descending channel. The price after the test of the 1.25500 area dropped exactly at the monthly support and from there retraced perfectly at the 0.618 Fibonacci level creating a double top over it. How can we approach this scenario? Currently, the market is testing once again the support area and if the pair will break below we will move on the 4h chart to search an entry point according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
5
AMZN: Buying the dip? Watch these key points carefully!Hello traders and investors! Let’s see how AMZN is doing today! In the 1h chart we see that it is trading near the support level of a Descending Channel. This is a good place for a bullish reversal, but so far, we don’t have a meaningful reaction. The black line at $ 3,175.42 is the key point that could trigger a reversal, and the first target would be the 3,265.35. What’s more, it must break the 21 ema for good, which is another resistance for it. Let’s see the daily chart for more clues: In addition to the support in the 1h chart, the daily chart shows another important support level: The 38.2% Fibonacci’s Retracement. For now, AMZN is holding at this support area nicely, but it must break the $ 3,175 for some bullish confirmation. AMZN is not one of my favorites right now, but it is looking interesting. Since it is near support levels, the Risk/Reward ratio becomes attractive again, and it is worth to trade it. The key point it must not lose in order to trigger a clear bullish sign is the 38.2% retracement in the daily chart. Let’s keep our eyes open! I’ll keep you guys updated on this, as usual, so remember to follow me to not miss any of my future daily analyses!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
1
EUR/CAD: Bullish Hide DivergenceEuro/Canadian Dollar show now a good opportunity to put in long position in this par as we see clearly in the price action that this will could to see any liquidation of shorts, but you can to entry in the favor of this manipulation zone. Also, for reference, this diagonal downline it's showing like a retest and this could be another confluence that there're an important support that we can't to miss. The support it's around $1.3697 CAD, or for reference in this grey zone that I draw here. And also, we forming this bearish channel and the price it's inside it. And also, by Daily timeframe we forming another divergence forming a lower high in the RSI and price action forming a lower low. But that it's remain a possible signal that Euro will going to strengthen in front of Canadian Dollar. So guys, I remain that we forming a bullish divergence in H4 timeframe and we see a good opportunity to long EURCAD I put a long around $1.3669 CAD and SL to $1.3607 CAD and target to $1.3838 CAD. Also, for reference, you can to go in H2 timeframe as we see a good perspective to buy
Long
by harisonhbn9718
USOIL 102.35 -4.03 % SHORT IDEA * CONT. PTTNS & PRICE ACTION 💡HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. LOOKING AT THE USOIL * The ENERGY is currently trading in an DOWN-trend , just consolidated, tested the roof of this structure . - Short term the ENERGY is currently at the supply zone could go lower so looking for possible continuation with the bears. - Looking for SHORT entries on the THE CRUDE this week should all the rules of the formation be met. ******* CRUDE OIL INVENTORIES YESTERDAY saw an increase in the oil is actually less than expected @ 3.449 M which implies LOWER demand and the energy could react BEARISH . SHOULD WE BREAK BELOW HERE'S A POSSIBLE SCENARIO SCALLED DOWN TO AN HOURLY TF So lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:USOILShort
by PULEMokhothu
AUD/CAD: Bullish channel perspective!!!As Australian Dollar/Canadian Dollar drop at least in the range of 43 pips approximately and hit the 0.618% of Fibonacci in that yesterday analysis of what we see a double break out and the formation of ABCD bearish pattern. So, my trade was not bad, but I didn't closed up my posiiton at $0.9350 CAD when reach the 0.618% of Fibonacci zone, but I closed up my trade near of my price entry, just that at least I earn like 2 pips in this stupid trade, what I suppose to closed up my target in the exactly 0.618% and I would have 44 pips approximately. But don't worry, our technical analysis could to fall and sometimes we would need to work mroe and be cautelous how the market work. As I dont thinking that in H4 timeframe was a good confluence to buy in the 0.618% too in that key Fibonacci level. Look below!!! That was a good confluence in that trending, and that mean that Australian Dollar will continue up. But to update now, we see that if Australian Dollar break up this bearish channel to the upside what I show you in htis blue arrow line model, this could be a a good perspective to find up long position in this Forex par. So guys, my previously trade was not bad, but my perspective was very good in what targets could AUD/CAD to reach, but be cautelous what happen in the price action, I decide in the past hald 5 hours to closed up this trade as AUD/CAD make a bull movement. But we can't to trade indmediately in this trade until break out this bearish channel. Also, I guess you to read my previously analysis of there of what I talk about yesterday in AUD/CAD about double break out and ABCD bearish pattern and my measure using Fibonacci level for targets. Goes to the link to related idea and click on.
Long
by harisonhbn9718
6