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Parallel Channel

GOLD (XAUUSD): Consolidation Continues On a yesterday's live stream, we discussed that Gold is consolidating within a horizontal range. After a test of its resistance, we got a local sideways movement and distribution. Violation of its minor support is a strong intraday bearish signal. Because of that, I think that the price may drop to 2900 support. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDShort
by VasilyTrader
1
Google Update - Trade this range and new ATH Identified Update video on the google Long that has been planned since early FEB. The level has now been hit and we got a nice reaction off that level . In this video I look into where I think we go next and how price plays out . In the video I use the following tools TR Pocket FIB , 0.618 FIB , Pivots , Parallel Channel and the Fixed range Vol Profile. If we stay range bound inside the channel then we have the potential to see a new high on google at the top of the channel in confluence with 1-1 ext + tr pocket expansion . Watch the video and mark the levels on your chart and ensure to set your alerts . Dont forget to Boost the chart Please and i welcome any questions TY
NASDAQ:GOOGLong
by SJTRADESFUTURES
1
Bitcoin - The Uptrend Remains 100% Valid!Bitcoin ( CRYPTO:BTCUSD ) can create a textbook break and retest: Click chart above to see the detailed analysis👆🏻 Over the past couple of weeks we have only been seeing a consolidation on all cryptocurrencies, governed by the slow movement on Bitcoin. With today's drop Bitcoin is now approaching the previous all time highs, which are now acting as a major support, pushing price much higher. Levels to watch: $70.000, $300.000 Keep your long term vision, Philip (BasicTrading)
CRYPTO:BTCUSDLong
by basictradingtv
17
Bitcoin (BTC/USD) – Symmetrical Triangle Breakout or Breakdown?Bitcoin is currently consolidating inside a symmetrical triangle on the 1H timeframe, preparing for a strong move in either direction! Key Levels to Watch: 📌 Breakout Target: $105,939 (+18%) 🚀 📌 Breakdown Target: $73,429 (-18%) ⚠️ 📌 Resistance Zone: $92,000 (important breakout level) 📌 Support Zone: $84,000 (potential breakdown zone) Technical Analysis: 🔹 BTC is forming a symmetrical triangle, which typically leads to a strong breakout or breakdown. 🔹 A breakout above $92,000 could send Bitcoin towards $105,939. 🔹 A breakdown below $84,000 could push BTC towards $73,429. 🔹 Confirmation with volume is key before entering a trade! Trade Plan: ✅ Bullish Scenario: Buy above $92,000, target $105,939 ❌ Bearish Scenario: Short below $84,000, target $73,429 🎯 Wait for a confirmed breakout or breakdown before entering a position. Bitcoin is at a critical decision point—which way will it go? Let me know your thoughts in the comments! 🚀👇
BINANCE:BTCUSDLong
by GoldMasterTrades
Gold (XAUUSD) Breakout Setup – Targeting $3,014Gold is showing strong bullish momentum on the 1H timeframe, forming a breakout structure with a well-defined resistance and support zone. Key Levels: 📌 Resistance: Around $2,940 (previous rejection zone) 📌 Support: Around $2,900 (previous consolidation zone) 📌 Target: $3,014 (+3.16% move) Technical Analysis: 🔹 Gold recently broke out of a bullish flag pattern after a strong uptrend. 🔹 Price successfully retested the support zone and is now pushing higher. 🔹 A breakout above $2,940 could trigger a sharp rally towards the $3,014 target. 🔹 Volume confirmation and strong momentum support further upside potential. Trade Plan: ✅ Long above $2,940 with a target of $3,014 ❌ Stop-loss below $2,900 to protect against fake breakouts Gold remains bullish, and if the price holds above the breakout zone, we could see a strong move higher! 🚀
CAPITALCOM:GOLDLong
by GoldMasterTrades
Ready to short gold againBrothers, as I strongly expressed my point of view in the last article, short gold near 2916 and 2923, TP: 2895-2885. Gold just fell below 2895 during the decline, hitting our target area as expected. In this short gold transaction alone, I made more than $20K in profit. If you execute the transaction according to the trading strategy published in my channel, I believe you must have made a satisfactory profit. At present, gold has rebounded again after touching 2894, and is currently trading near 2917. According to the current structure, gold has encountered resistance in the 2930-2940 area many times, and formed a triple top structural resistance in the short-term structure; and before the NFP market on Friday, I think it is difficult for gold to form a unilateral trend market, and it may still be dominated by maintaining a volatile market, so it is not easy for gold to break through the 2930-2940 resistance area in the short term. So in short-term trading, I think gold is below 2930, and we still have the opportunity to short gold again, but the short-term TP setting can move up to the area around 2910-2900.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
GOLD - Price can continue to grow and exit from wedgeHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 The price started to grow inside the rising channel, first reaching the support line and then rising to the $2835 support level. Next, Gold broke this level and continued to move up and rose to $2930 level, after which started to fall in wedge. Gold exited from a channel and continued to decline near support line of wedge, but later it bounced to resistance area. Long time XAU trades in this area and reached resistance line of wedge, after which turned around and started to fall. Price broke $2930 level and fell to support line of wedge, after which bounced and made a gap. So, I expect that Gold can correct little and then rise to $2930 level, exiting from wedge pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
11
HelenP. I Bitcoin can bounce of resistance level and start fallHi folks today I'm prepared for you Bitcoin analytics. A while ago, the price began to decline within a downward channel, briefly rebounding from the resistance zone, which aligned with a key resistance level. BTC then moved up to the channel’s resistance line before dropping back into the resistance zone, where it traded for some time. Later, BTC broke through the 94,800 level and continued falling until it reached the channel’s support line, eventually breaking out of the channel. Shortly after, the price broke below the support level, which also coincided with a support zone, and dropped to the trend line. Following this move, BTC reversed direction and started to rise, eventually testing the support level once again and breaking through it. After that, the price made a retest of the support level, which aligned with the trend line, before making a strong upward impulse toward the 94800 resistance level. However, not long ago, BTC started declining again. Given the current structure, I anticipate that BTC/USDT will revisit the resistance level before reversing and heading down to 88K$, breaking through the trend line along the way. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
11
GOLD → Consolidation v. 2921. Ready for a breakthroughFX:XAUUSD continues to strengthen on the background of growing economic risks and also on the background of aggressive fall of dollar. The metal is at resistance at 2921 and is preparing to go even higher.... The dollar breaks the bullish structure on the background of comments of the U.S. Ministry of Finance on the reduction of rates. The verbal intervention as manipulation is affecting the markets quite aggressively. Further decline in gold is unlikely due to trade war risks and expectations of soft Fed policy.Additional impetus to gold may be given by weak ADP employment data and PMI data Gold has two important liquidity zones. 2913 and 2903, the closest area has already been tested (liquidity zone reached) and now all eyes are on 2920.7. If it holds, gold will return to 2913-2903 support, if resistance is broken, momentum will be formed. Resistance levels: 2920.66, 2942, 2954 Support levels: 2913, 2903, (0.5) fibo) Gold is testing 2913.34 at the moment, a rebound is forming due to the liquidity collected. In the short term, the focus is on 2920.7. Breaking the level and fixing the price above the trigger will most likely provoke the continuation of growth to 2942-2954 Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
Bitcoin - Dump and Pump | Crypto resurrected - next 125,000 USDLast week Bitcoin and the whole crypto market dumped like crazy, but on Sunday at the start of March, the crypto market was resurrected from the abyss! After Trump's post, the crypto market pumped in a very short period of time. But let's take a look at the technicals. The price dropped below the rectangular range but then pumped back into the range. What does it tell us? Usually, what we want to see is a breakdown of the range, retest, and continuation to the downside. In this case, the price failed to retest the range and instead went back to the range, which is a sign of strength. Currently, we want to look for a good price to buy BTC for the final stage of the bull cycle. I expect this bullish cycle to end in Q3 2025, around September. The price of Bitcoin is inside this huge ascending parallel channel on the daily chart, and as long as this channel holds, we have to be bullish. Let's take a look also at the weekly timeframe. What we can see here is a bullish hammer with an extremely long wick (reversal candle). The price also got rejected from the 20-weekly moving average. Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
93
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
11
GBPUSD → Correction before bullish trend continuationFX:GBPUSD has been rising for the last month and a half as the market sentiment and the behavior of the dollar, which is gradually updating lows. The tariff war by trump is just in full swing. The dollar continues its correction on the back of US politics as well as inflation data. GBPUSD at this time is trading in the bullish zone, above the support at 1.262 - 1.2576. Thus, within the framework of the correction, which has been observed since the opening of the European session, the price may test the liquidity area before further growth. Resistance levels: 1.2718, 1.2678 Support levels: 1.262, 1.2576 The local trend is bullish and the price is forming a local correction. In this case, it is worth looking for strong support zones with the purpose of rebound and continuation of growth. Targets in this case are intermediate highs: 1.2718, 1.2811 Regards R. Linda!
Long
by RLinda
1
Bitcoin may rebound up from buyer zone to 94100 resistance levelHello traders, I want share with you my opinion about Bitcoin. A few days ago, the price was moving inside a downward channel, where it reached the support line and immediately bounced back up to the channel’s resistance. After that, BTC continued its decline, testing the resistance level, which aligned with the seller zone. The price briefly dipped below this level but quickly reversed and rebounded. Eventually, Bitcoin exited the channel and moved into a range, reaching its upper boundary before turning downward again. In a short period, the price dropped to the seller zone, where it consolidated for some time. BTC then attempted to push higher but failed and resumed its decline. Breaking below the 94100 resistance level, the price moved further down, fluctuating between support and resistance lines. Bitcoin eventually fell to the support line, breaking through the 83400 support level, which aligned with the buyer zone. However, this breakdown turned out to be a false move, as BTC immediately rebounded and surged back above that level. Currently, BTC is continuing its upward movement. I anticipate that the price may first test the buyer zone before resuming its growth. Additionally, if it manages to break through the resistance line, it could keep climbing higher. With this in mind, my TP is set at the 94100 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
16
EURO - Price can continue to decline inside falling channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price declined to $1.0380 level and then started to grow inside a wedge, where it at once reached $1.0500 level. Then price turned around and made correction movement to support line of the wedge, after which quickly bounced up. Price grew to $1.0500 level and some time traded near this level and later finally broke it, after which turned around. Euro broke $1.0500 level again, exited from wedge and continued to decline inside falling channel. Inside channel, price declined to $1.0380 level and a few moments ago broke it and now continued to fall. Possibly, Euro can rise a little higher than $1.0380 level and then continue to fall to $1.0300 inside channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
14
EURAUD - Areas of Interest!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURAUD has been overall bullish, trading within the rising channel marked in green, however it is currently retesting the upper bound of the channel. Moreover, the red zone is a strong resistance zone. 📉 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the resistance and upper blue trendline acting as a non-horizontal resistance. 📈 Moreover, as it retests the lower bound of the channel and blue support, I will be looking for longs. For now, we wait!⏱️ 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
by TheSignalyst
2
MATIC / USD [Polygon] EWP TC FIB ANALYSIS WEEKLY TFElliott Wave Analysis for MATIC/USD (Polygon) 1W Time Frame Chart The chart presents a detailed Elliott Wave analysis with corrective patterns, Fibonacci levels, and a long-term price projection. MATIC is currently in a final corrective phase (Wave C of an ABC correction) within a descending channel. A potential bottom formation near the 0.618–0.65 Fibonacci retracement level (~$0.19 - $0.22) suggests a possible trend reversal. (Strong support zone) The RSI (Relative Strength Index) is in the oversold zone, indicating that selling pressure may be exhausting. The previous bullish impulse (Wave (5)) ended around $2.75 This was followed by an WXY corrective multi zigzag, which appears to be reaching its final stage. The chart suggests that Wave (C) of the correction is nearing completion. Bearish Scenario: If the $0.19 - $0.22 support fails, further downside towards $0.10 - $0.05 is possible. However, this scenario would likely require a broader crypto market downturn. Conclusion: Potential Long-Term Trend Reversal The current zone suggests a possible bottom formation, which could lead to a new bullish cycle. A breakout above $0.42 - $0.50 with strong volume would confirm the trend reversal. Traders might consider accumulation in this range with a stop-loss below $0.17. Overall Outlook: Bullish mid-term outlook once the bottom is confirmed.
CRYPTO:MATICUSDLong
by Anakyn
SOLVUSDT → Retest of resistance in a bearish trendBINANCE:SOLVUSDT is strengthening within a neutral range, which is formed amid a downtrend. Cryptocurrency market quickly sells off potential after Sunday's news Bitcoin is back to the selling zone, under the 90K area. A subsequent decline in the flagship could negatively impact the entire market. SOLV is forming a range of 0.044 - 0.0292. The price is strengthening and tends to the zone of interest and liquidity. Against the background of key preconditions (downtrend, weak market, absence of driver, falling bitcoin) we can assume that the coin has no potential for further growth and the current maneuver may end up with a false break of resistance followed by a fall. Resistance levels: 0.0436, 0.0439, 0.0494 Support levels: 0.0369, 0.0345 From the opening of the session, the daily ATR will be exhausted by the time resistance is reached, thus there will be no potential for resistance breakout. High probability of a bounce from 0.0436-0.0439 with the purpose of further fall to the key zones of interest located below. Regards R. Linda!
Short
by RLinda
1
Alcoa Wave Analysis – 3 March 2025 - Alcoa broke key support level 33.35 - Likely to fall to support level 30.00 Alcoa recently broke the key support level 33.35, which stopped the previous wave b of the active ABC correction 2 from the end of November – as can be seen from the daily Alcoa chart below. The breakout of the support level 33.35 accelerated the active short-term impulse wave c from the start of February. Given the clear daily downtrend, Alcoa can be expected to fall to the next round support level 30.00 (target price for the completion of the active impulse wave c).
NYSE:AAShort
by FxProGlobal