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Parallel Channel

Will this same bars pattern on CHZ repeat?Welcome back dear reader, for another Chilliz post. As i've been analyzing the chart further my eye fell on the bars pattern from May till October 2020, and noticed that it looks ALOT like the current bars pattern. The market structure it would form would also make alot of sense from a traders perspective. Allow me to explain while i have your attention. The only sellers remaining now are from 2021 or earlier, so we might stay in this area for a couple of weeks for people to capitulate. Those that got in earlier are eager for a break-even and will probably get that end of this month or beginning of April. Then around the latter half of May we might see 0.20$ followed by a retest of the lower bounds forming a perfect W as traders suspect it to be the absolute end of the bullmarket. Only for it to be followed by a quick recovery and a massive blowoff top! Target: Remains around 3$ (The fractal would indicate 17$ and a market cap of 160B, at 3$ it would be 28B which isn't too farfetched) Stoploss: 0.032$ Final remarks: Do i know for certain that it will happen? No, but the charts tell us a different story. Rustle
Long
by Rustlingjimmies
XRP Breakout Alert! Time for a 40% Move?OKX:XRPUSDT.P has been trading inside a parallel channel for 66 days since January 16, 2025. Now, the price is breaking out to the upside! 💡 The key strategy here is waiting for a retest if the price successfully flips the channel into support, it could be the perfect entry for a strong upward move. 📈 Potential upside? 40%+ if the breakout holds and momentum kicks in! 🔍 Watch for: ✅ Retest & confirmation of support ✅ RSI & momentum indicators aligning ✅ Heatmap support ✅ Gold cross of MA 200-D/50-D Are you catching this move? Share your thoughts in the comments! 🚀🔥
Long
by x4fcqmrdz5
BTC/USDT Bearish Setup – Sell Limit & Target ZonesMarket Overview: Bitcoin (BTC/USDT) is currently trading within a well-defined descending channel after an extended bullish rally. The price action shows signs of a lower high formation, indicating a possible continuation of the downtrend. This setup aligns with a sell limit strategy, anticipating a rejection from a key resistance level before a potential decline toward lower support areas. Technical Breakdown: 📉 Descending Channel Formation: BTC has been trading in a downward-sloping parallel channel, with multiple touches on both the upper and lower boundaries. The price is currently attempting to retest the upper trendline of the channel, which could act as strong resistance. 💰 Sell Limit Placement at Resistance ($88,907): The chart highlights a key resistance level at $88,907, which aligns with: The upper boundary of the descending channel. A previous supply zone, where sellers were active. A potential area of rejection, leading to further downside. 📌 Fair Value Gap (FVG) & Handle Trendline: The D1 Fair Value Gap (FVG), marked on the chart, suggests an imbalance in price that may get filled before any reversal. Additionally, BTC is hovering around the upper trendline of the handle formation, making this a crucial confluence zone for decision-making. 📊 Bearish Target Levels: Primary downside target: $74,431 – A strong historical support and previous reaction zone. Secondary target: $73,829 – This level coincides with the mid-level of the fair value gap. Final bearish target: $68,972 – The lowest target inside the demand zone, potentially acting as a key reversal point. 🚨 Bearish Confirmation: If BTC gets rejected from the sell limit zone ($88,907) and breaks below support structures, it could trigger a further decline. Break of trendline support + volume confirmation will strengthen the bearish bias. Trading Plan: ✅ Sell Limit Entry: $88,907 🎯 Target 1: $74,431 🎯 Target 2: $73,829 🎯 Target 3: $68,972 ❌ Invalidation: A strong breakout above $88,907 with volume could invalidate this setup.
Short
by PIPsOptimizer
Insmed (INSM) - Breakout Opportunity 📌 Insmed ( NASDAQ:INSM ) – Breakout Opportunity Insmed is a clinical-stage biopharmaceutical company focused on serious and rare lung diseases. The stock more than doubled in May 2024 following positive Phase 3 results for its drug Brensocatib. The FDA has granted Priority Review, with a PDUFA date set for August 12, 2025 — and commercial launch expected in H2 2025. Technical Overview: Since the massive gap up in May 2024, INSM has been trading inside a well-defined horizontal channel between: 🔻 Support: $61.65 🔺 Resistance: $84.82 Currently, price is near the upper third of the range (~$79.92), showing signs of renewed momentum with rising volume and RSI trending higher. Plan ---- 📍 Entry: Daily close above $85 with strong volume ( >2.5M ) Targets 🎯 Target 1: $94 (+11%) 🎯 Target 2: $106 (+25%) 🛑 Stop: $82 (-4.7%) Risk ratio: 🟠 Target 1: > 2:1 🟢 Target 2: > 5:1 --- 📊 Key Indicators to Watch: ✅ RSI > 60 with upward slope ✅ MACD bullish crossover ✅ Break above 20-day EMA with volume ✅ Volume expansion on green candles ⚠️ This content is for informational and educational purposes only and does not constitute investment advice ⚠️
NASDAQ:INSMLong
by Invictus744
NZDUSD BULLISH BREAKOUT AHEAD?! *NZD/USD: Bullish Breakout Ahead?* A potential buying opportunity has emerged in the NZD/USD pair, with a key resistance level in focus. *Trade Idea:* The NZD/USD pair is poised to fly to 0.6000 from its current price, driven by: 1. *Bullish Technicals*: Technical indicators are flashing bullish signals, hinting at a potential upswing. 2. *RBNZ's Monetary Policy*: The Reserve Bank of New Zealand's decision to maintain its monetary policy stance may support the Kiwi Dollar. 3. *US Dollar Weakness*: A weakening US Dollar, driven by concerns over the US economy and monetary policy, may boost the NZD/USD pair. *Trade Specifications:* - *Buy Entry:* Current price (around 0.5850) - *Target Level:* 0.6000 (150 pips above entry) - *Stop-Loss:* 0.5750 (100 pips below entry) *Market Outlook:* The NZD/USD pair is experiencing a consolidation phase, with market participants awaiting key economic data releases and central bank decisions. A break above the 0.5900 resistance level could trigger a sharp rally. *Trading Strategy:* Buy NZD/USD at current price, with a stop-loss at 0.5750. Use the target level to take profits or adjust the stop-loss to break even. *Risk Management:* - *Risk-Reward Ratio:* 1:1.5 - *Position Sizing:* 2-3% of trading capital *Your Feedback Matters:* If this trade idea and analysis helped you, please: - *Like* to show appreciation - *Share* your opinions and feedback - *Follow* for more trade ideas and market analysis Keep share your valuable ideas to the Travis 💯
Long
by Expert_Travis
Pepe - Elliott Wave Local and Long Term Idea 22 Mar 2025Eliiot Wave Update Firstly, I'm bias that I believe were in Wave 4. Depicted wave count 1 2 3 4 5 in orange may very well be as it is, in that the last low is 5. My bias comes in because from what I've read, 5th wave usually 1.27 fib extension drawn from 1 to 1 to 2. As can be seen, 1.272 is at 0.0000336. The green paralellel channel from the high to the next higher high. As can be seen with circle support, we found a good reaction to the upside. Short/medium term looking at the Anchored VWAP (White) and channel top as resistance. Currently 1.0 a strong support as well as resistance. My biase based wave theory means that were currently in the 4th wave to the upside, so looking at resitance EXACTLY at the anchored VWAP (white), breaking that to the upside targets of the short fibs drawn to the right that arent extended all the way to the right. Meaning, resistance being,0.382, 0.5, and 0.618. If that is the end of Wave 4. The price would then see a retracemment to Wave 5, to 1.272. Non bias view where Wave 5 has been hit already. Were in a corrective ABC pattern. (This is the part I'm not so sure about). Then Were in A(1) here no one knows how deep that is but it's good that were going up because A = up B = down and C = up (c or 3 being the longest waves. If were in the corrective phase, currently were in Wave A (1). Technically nothing changes. I think. Wait to see how It plays out. Overall, currently I would NOT be bearish, looking at the next resistance first!Which is (either Wave 4 or correction) 0.236 price 0.000095
Long
by hmaroudas
3
Swing Trade Idea – AVXL Anavex Life Sciences ( NASDAQ:AVXL ) is a clinical-stage biotech developing precision medicine therapies for CNS diseases like Alzheimer’s, Rett syndrome, and Parkinson’s. Its lead drug has shown promising Phase IIb/III data in Alzheimer’s. The company holds strong IP, operates debt-free, and benefits from long-term tailwinds in neurodegenerative treatment demand and regulatory fast-track pathways. Technical Since Feb 28, AVXL has been climbing within a rising channel on increasing volume, signaling accumulation. RSI is rising but still below overbought. A breakout above $10 with strong volume could trigger a momentum leg toward $11.50–13.00. Pullbacks to $9.50–9.60 offer low-risk entries. Setup Entry: $10 Targets: 🎯 $10.50 🎯 $11.50 🛑 $9.20 Risk/Reward ratio: ⚠️ 1:3 Factors to watch this week for NASDAQ:AVXL 👉🏼 Price holding above $9.50 support and within rising channel 👉🏼 Breakout attempt above $10 with strong volume 👉🏼 Rising volume on green days (watch for volume > average ~1M) 👉🏼 RSI staying above 60 and trending toward 70 👉🏼 Reaction to any pullback – buying pressure near $9.50–9.60 = bullish confirmation
NASDAQ:AVXLLong
by Invictus744
Gold | Bullish Price Channel Since H2 2024Gold has traded in an upward price channel since June 2024. This channel's upper and lower bands have acted as support and resistance several times, which reinforces their predictive value. The balance of probabilities suggests that gold could pull back either to the channel's midpoint, which coincides with its 50-day moving average, or to the lower bound of its price channel, which coincides with its 100-day moving average. How are you trading this?
OANDA:XAUUSDShort
by TradingPrompts
GOLD - Price can decline to support area and then start to growHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price started to decline to falling channel and soon reached $2880 level and then rose to the resistance line. Then price bounced and in a short time declined to support line of the channel breaking $2880 level. But soon, Gold bounced from line and broke $2880 level again and some time traded near resistance line. Next, price made a correction to $2880 level and then started to grow and soon exited from falling channel. After this Gold reached $3025 level, broke it, and is now traded near this level, which coincides with support line. So, in my opinion, Gold can decline to support area and then it bounce up to $3085, breaking the support line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
9
XAUUSD Weekly Analysis – Bearish Correction ExpectedGold (XAUUSD) has recently broken above a rising wedge resistance on the weekly timeframe but is now showing early signs of potential exhaustion. Price action is currently hovering around the $3,024 level after a strong bullish rally. However, historical patterns and structure suggest a possible bearish correction ahead. 📊 Key Technical Observations: Rising Wedge Pattern: Price has been following an ascending channel with a sharp parabolic curve. The structure hints at overextension, making it vulnerable to a pullback. Previous Corrections: Two notable corrections (-8.89% and -8.15%) provide a historical benchmark, reinforcing the possibility of a similar retracement. Bearish Scenario : A potential double-top formation and rejection zone is developing around the $3,050 area. Target Zones: TP1: $2,935.95 – first major support/resistance flip zone. TP2: $2,782.94 – deeper retracement aligned with previous corrective structure. 🧠 Trading Bias: Bearish bias in the short to medium term as gold may seek to correct before any continuation of the bullish trend.
OANDA:XAUUSDShort
by ForexOptimizer
BITCOIN → Flag (consolidation) before falling to 78-73KBINANCE:BTCUSD is consolidating after a short-squeeze relative to 85-87K. A bearish set-up is being formed, the break of which may strengthen further decline to the key target of 73K A symmetrical triangle is forming within the downtrend on D1, a breakdown of this structure may strengthen the decline. Locally, within the channel a flag - bearish figure is formed (on the local TF false uptrend, the crowd enters to buy from the support or at the break of local resistance, at accumulation of the necessary potential the big player removes the limit order and releases the price, which is dispersed by liquidation of traders), regarding 85K-86.6K the liquidity capture is formed and the price returns to the selling zone. Consolidation below 85K may trigger a breakdown of the figure support and further fall to 80K-78K Fundamentally: the market sells off any positive news very quickly (negative background is created): crypto summits, (Trump said nothing new at the second summit) positive resolutions of problems (for example between SEC and XRP, or removal of restrictions from local exchanges) crypto reserve The only nuance, bitcoin's dominance index is still high despite the price drop... Resistance levels: 85150, 866700, 89400 Support levels: 82K, 80K, 78200 There are no positive signs for growth. The zone where we can consider a trend reversal ( if something supernatural happens ) is 89-91K, but it is very far away. But now I would consider a breakdown of the flag, or 83.5 - 82.5 and price consolidation below this zone with the purpose of further fall to the local important level 78173. Then another consolidation or correction is possible before a further fall to 73.5K Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
45
Don't FOMO into the market yet; the bear run isn't over!Earlier today, I took some time to scroll through Reddit and Twitter, where I saw discussions suggesting that the recent pullback in crypto is the first leg of the highly anticipated bull run. While I largely agree that the bull run is far from over, a broader look at price movements across multiple markets indicates that the bear market isn’t over yet. To prove this point, I will be analysing Bitcoin's price charts. On Bitcoin's daily chart, it's clear that the current price movement is more of a correction than a reversal. Zoom in to the 4-hour chart and and you can see how the pullback moves in an ascending triangle. Over the next few days we might see price break below the channel and head for the area around point 'B'. This will serve as the pullback for this short swing, where bulls will temporarily drive prices slightly above the most recent high before a sharp decline leads to the formation of a new low.
COINBASE:BTCUSD
by michaelrex
3
TON – Breakout or Breakdown?TON Coin – Breakout or Breakdown? 🔹 Currently moving in a downward channel. 📉 Lower highs & lower lows – a textbook bearish trend. 🚧 Right at a resistance zone. Where could it go from here? Let's break it down! TON’s Current Price Action The chart clearly shows the downward channel—lower highs, lower lows, signaling trend weakness. 🎯 Right now, price is at resistance. From here, we either see a breakout or a rejection. (Spoiler: I’m leaning towards the latter.) Why a Rejection Seems Likely Price is at the top of the channel—if it doesn’t break out, it’s likely to return to the range. The next key support sits around $2.80, making it a crucial level to watch. Bearish RSI Divergence On the 4H chart, RSI isn’t confirming the price action. Price is moving up, but RSI is trending down = classic bearish divergence. This often signals trend weakness and a potential reversal. Conclusion ⚠️ If price rejects at resistance, $0.90 is a key target. I expect it to reach this level—not today, not tomorrow, but somewhere around here will be the bottom. The trend is still down—until we see a strong breakout, short setups remain favorable. If a breakout happens, time to reassess. Are you bullish or bearish on TON? Drop your thoughts in the comments! 🔽
Short
by Katsumi-Nohara
1
US100 - Testing Key Resistance: Will the 4H Trend Reverse?Market Structure & Trend Overview The Nasdaq (US100) has been in a 4-hour uptrend, forming a series of higher lows and respecting an ascending channel after a prolonged bearish trend. This structure suggests that buyers are stepping in, and momentum may be shifting in favor of the bulls. However, the index remains at a critical decision point that could determine whether we see a confirmed bullish reversal or a continuation of the larger downtrend. Key Zone: 4H Imbalance & Resistance Area Currently, price action is testing a 4-hour imbalance zone, which has already acted as a strong resistance level twice. The market is struggling to break through this supply zone, which is crucial in determining the next major move. If price tests this area again and successfully breaks above it, it could confirm that buyers have gained control, signaling a potential trend reversal back into a bullish phase. However, if price gets rejected from this level again, it could indicate that sellers are still dominant, increasing the probability of a breakdown from the ascending channel and a resumption of the bearish trend. Bullish Scenario: Break & Hold Above Imbalance Zone For a confirmed bullish reversal, Nasdaq must break above the imbalance zone with strong volume and sustain price action above it. A successful breakout could attract more buyers, leading to a push towards higher resistance levels, possibly targeting the $20,000 - $20,300 range in the short term. Signs to look for in a bullish breakout: ✅ A decisive close above the imbalance zone with strong bullish momentum. ✅ Retesting the broken level as support, confirming it as a new demand zone. ✅ A continuation of higher highs and higher lows after the breakout. Bearish Scenario: Breakdown of the Ascending Channel If price fails to break through the imbalance zone and instead rejects for the third time, this could indicate a weakening bullish structure. The key support to watch is the lower boundary of the ascending channel. A confirmed break below this channel could invalidate the short-term uptrend, signaling a return to bearish price action. If this occurs, Nasdaq could drop towards the key support level at $19,146, a previous liquidity zone where buyers may step in again. Signs to watch for a bearish breakdown: ❌ A clear rejection from the imbalance zone. ❌ A break and close below the ascending channel. ❌ Increased selling pressure and a shift in market sentiment. Final Thoughts: A Critical Inflection Point Nasdaq is at a pivotal moment where the next move will determine the broader trend direction. If bulls can push price above the imbalance zone, we could see a confirmed bullish reversal with upside potential. However, if sellers regain control and force a breakdown of the channel, the downtrend is likely to continue, targeting the $19,146 level as a potential support zone. Traders should closely monitor price action at the imbalance zone and the ascending channel boundaries, as these key areas will dictate the next major move. Whether we see a trend reversal or continuation, this setup presents significant trading opportunities in either direction. Key Levels to Watch: 📍 Bullish Breakout Target: $19,900 - $20,000 📍 Bearish Breakdown Target: $19,146 __________________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀 Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈
FPMARKETS:US100
by TehThomas
22
GOLD → Consolidation (correction) before growth to $3100FX:XAUUSD is going into consolidation after strong growth on the back of dollar correction. The metal may test deeper support areas before attempting a new high Gold is correcting, but remains in an uptrend The decline in quotations may be seen as a buying opportunity, given the economic uncertainty due to Trump's tariffs and expectations of Fed rate cuts. The Fed reiterated its forecast of two rate cuts in 2025 despite Powell's cautious comments. Gold is further supported by rising inflation risks and geopolitical tensions in the Middle East. Resistance levels: 3045, 3057 Support levels: 3024, trending, 3004 Reaction to support is weakening, even amid the uptrend. Gold may stay in this consolidation until the middle of next week, or it may try to break out of the consolidation to retest deeper support zones, such as the rising trend line or the 3004 imbalance zone, from which the growth may resume. Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
Gold can continue to grow inside upward channelHello traders, I want share with you my opinion about Gold. This chart shows how the price initially rebounded from the support level, which aligned with the buyer zone, but soon reversed and dropped back down to the support line. After hovering near this line, the price entered a triangle pattern, where it bounced off the resistance line and fell to the support line, breaking below the support level. Following that move, the price reversed upward and returned to the buyer zone, where it consolidated briefly before declining again to the support line. From there, it bounced and began to climb. Shortly after, the price broke through the 2915 level and eventually exited the triangle pattern. From that point, the price started trending upward within an ascending channel, reaching the current support level, which overlaps with a key support area, before rising to the resistance line of the channel. Recently, the price pulled back to the support zone once again, and I believe there’s a good chance it will decline a little below from this area and continue its upward move within the channel, aiming for the resistance line. For this scenario, my TP is set at 3080. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
2