ODAS channelsODAS is abiding the parallel channels since April 2022.
Two levels are given according to the price action. You can swing trade between the red intervals if it gives an opportunity.
Paralelkanal
BIST100 (XU100) Major and Minor ChannelsBIST100 Major and minor channels.
Log-graph.
- Orange channel is there since 1998.
- Purple channel is where we are surfing since Oct 2021. As long as we are above 5075, we are at the upper half of this channel, which is bullish.
- April 21 or 24 is an important date, where we have overlapping channels, one is descending and the other is ascending. If we are above 5155 on Apr 24, i will be short term extremely bullish until the elections.
ETHEREUM what is next ? 💡Hello 🐋
as I mentioned,
in my previous analysis, the price hit the target
and now
Based on the chart, the price is close to the green trend line and the support zone ✔️📖
we can see more gain 🚀🚀
otherwise
we can see more correction to lower support level ❌🧨
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Lets see how channel worksWait for channel break. Bad news coming short from top of channel seems better now
MASSIVE BULLFLAG ON BTCEUR WITH HUGE FAKEOUT!!IF WE BRAEK THE STRONG RESISTANCE, WE COULD SEE A POSSIBLE PRICE TARGET ROUND THE €3600.
ETHUSD (Ethereum) Heading Lower to $565-550 ChannelETHUSD Heading Lower to $565-550 MMansfield. 9:00 p.m. EST 04/30/18
Ethereum should tag the lower channel line within 48 hours or less.
REASONING:
We saw mostly declining volume into the retracement high that failed to make a new high (labeled Wave B).
The WT Cross indicator showed divergence at the $721 high, and the MACD (3,10,9) followed with clear intra-wave divergence at the $703.99 retracement high.
Lower targets are at least $565-550, channel line that is also near the Wolf Wave Wave 2 to Wave 4 trendline for added confluence of support.
ETH may drop to $511 area, but if $495 is broken on the downside, then a further bull move could be in trouble!
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Michael Mansfield CIO
