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Parallel Channel

Broadcom - This Chart Is Just Splendid!Broadcom ( NASDAQ:AVGO ) is starting the rejection: Click chart above to see the detailed analysis👆🏻 For the past decade, Broadcom has been trading in an obvious rising channel formation, perfectly rejecting the upper resistance as well as the lower support trendline. With the recent weakness, Broadcom is now preparing for a clean rejection away from the major reversal area. Levels to watch: $250, $150 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AVGOShort
by basictradingtv
8
ETH Mega bullish pattern revealed !Stay tuned traders 🐺 Something big is unfolding on the ETH chart. 📈🔥 As you might know, the falling wedge pattern is usually bullish, but what makes it MEGA bullish? Let me explain: If the price gets back into the falling wedge, it shows a clear bear trap , especially when this happens in the support area . As you can see, the price is already in a huge support zone at the lowest Fib levels (0.88 - 0.86). In my opinion, if ETH gets back into the pattern and closes a candle above it, then with 100% certainty, the price will surge —at least to the downward-sloping purple trendline, which is also a strong and very important resistance level! This is very possible because if you already follow me , you’ve probably read my ideas about the BTC.D situation , which I want to take a quick look at again. 👉 BTC.D is currently sitting at a very high level around 60% - 61%, which is extremely high and historically signals the beginning of a massive Altcoin Season! 🚀🔥
Long
by Kiu_Coin
BTC update 120k soonBTC has been in a horizontal range not really providing and new status for a few weeks. BBWP just fired on the low volatility and stochastic RSI is fully reset. 120k is the the first target for the impending bullish setup, this is for March 31st. A more bullish target is 137k. The purple line the the momentum trend from 20k price levels. My plan: I buy 10$ of BTC every day including weekends. I have a sizeable position in general. I am slowly buying Mara Calls for March expiration as a risk on bet
BINANCE:BTCUSDLong
by Apollo_21mil
EURO - Price may leave pennant and then start to declineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to decline inside a falling channel, where it at once broke $1.0430 level. In channel, price declined to $1.0250 level and then tried to grow, but failed and dropped lower $1.0250 level to $1.0175 points. After this, price started to grow in rising channel, where it rose to $1.040 points, breaking two levels. Then Euro exited from a rising channel and started to decline inside pennant, where it soon made a strong gap. Next, price rose to resistance line of pennant, after which corrected, making a second gap and rose back. Possible now, Euro can exit from pennant, rise almost to resistance level, and then fall to $1.0275 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
5
GOLD - Price can make correction move to support areaHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few days ago price started to grow inside a rising channel, where it soon reached $2695 support level. Next, price made a small correction and soon broke this level and continued to move up inside rising channel. Later Gold corrected to support line and some time grew near this line, after which bounced and rose to $2880 level. Soon, price broke this level too, and continued to grow to resistance line of channel, after which corrected. After this movement, the price continued to grow, so, I think that Gold can rise a little more and then start to fall. In my mind, XAU can decline to $2865 points, which is located inside the support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
2
GOLD → The northbound train is ready to move onFX:XAUUSD is back in trend after a news (inflation) shakeout. The northbound train can continue its journey from station 2908. Initial Jobless Claims and PPI ahead Prices are supported by uncertainty around Trump's tariffs and US economic data. The Fed remains hawkish due to rising inflation, which raised bond yields and briefly drove the gold price down to $2,865. However, buyers quickly returned, driving the price back up again. The market is waiting for PPI data that could influence Fed policy, but the decline in gold prices is likely to be limited due to trade risks The price is consolidating in the buying zone relative to the important 2900 - 2908 point. If bulls hold their defenses above 2908, gold could update ATH in the medium term Resistance levels: 2920, 2929, 2942 Support levels: 2908, 2902 Emphasis on key levels. Gold may test 2908 support before rising further. Also the emphasis is on 2918 - 2920. A price consolidation above this zone will also support the price Regards R. Linda!
FX:XAUUSDLong
by RLinda
5
Gold Retest Completed Now Next Impulsive Move!Hello Traders! As we know that gold is trading in two ascending channel, one is internal and 2nd is external and following trend every time like this impulsive move till upper trendline of external channel and retest move till down trendline of internal channel according to this trend next move would be 3016. there was a FVG and Order Block in H1 thats the reason for yesterday move still gold is in bullish trend. Resistance: 2924 Support: 2908 i am bullish till 3016 because its also a target of weekly bullish flag which i have already posted in ideas section you can check in related post Regards: PipsOptimizer
OANDA:XAUUSDLong
by PIPsOptimizer
DAX index Wave Analysis – 12 February 2025 - DAX index broke resistance level 22000.00 - Likely to rise to resistance level 22500.00 DAX index is under the bullish pressure afar the earlier breakout of the daily up channel from August and the resistance level 22000.00 The breakout of the resistance level 22000.00 greatly accelerated the active impulse wave 3, which belongs to the intermediate impulse wave (3) from November. Given the clear daily uptrend and the accelerating upward channel inside which the price is moving now, DAX index can be expected to rise to the next resistance level 22500.00 (target price for the completion of the active impulse wave 3).
XETR:DAXLong
by FxProGlobal
GOLD → News ahead. Price is testing the risk zone 2881FX:XAUUSD within the correction is testing the key risk zone from which either a continuation of the trend or a deeper correction will take place. In the center of attention is the US CPI data, which may give a new impetus to prices. Markets remain in uncertainty over Trump's possible tariffs and Fed policy. According to WSJ, the president's administration is preparing new tariffs and this is another dose of risks for the global economy. Powell said that the Fed is in no hurry to change course, which raised expectations of a single rate cut in July and strengthened bond yields. Gold's further movement depends on inflation data and Trump's tariffs. If CPI exceeds forecasts, the dollar will strengthen and gold will fall in price. Weak data, on the contrary, may support the metal's growth. Resistance levels: 2898, 2910, 2929 Support levels: 2881, 2870, 2855 A false break of the support at 2881 would mean that the market is still bullish and quite aggressive. If the bulls keep the price above 2881 - 2885, then in the short and medium term we should expect a rise to 2930 - 2950. If gold breaks 2881 and sticks below this zone, then liquidation may take place in the market and the price may decline to 2855, 2848. The situation is stalemate, as there is news ahead and that is why we should consider 2 scenarios. Regards R. Linda!
FX:XAUUSDLong
by RLinda
23
EURUSD → Pending a breakout of resistanceFX:EURUSD is trying to take a chance amid the dollar correction. The price is forming a retest of consolidation resistance for a breakout and further growth After an attempt to break the downtrend resistance, the price moves into consolidation and forms a range of 1.053 - 1.021. Inside this set-up a local channel (consolidation) is formed and the price tests the resistance at 1.038. The market is still trying to confirm the change of trend and get stronger on the background of the dollar correction. The fundamental background is complicated due to the tariff war and economic crisis.... Resistance levels: 1.038, 1.053 Support levels: 1.033, 1.021 A breakthrough of the resistance at 1.038 and price consolidation above this area may trigger further growth within the distribution of the accumulated potential Regards R. Linda!
Long
by RLinda
3
Nasdaq - Starting The Final Parabolic Year!Nasdaq ( TVC:NDQ ) is perfectly following the breakout: Click chart above to see the detailed analysis👆🏻 Back in 2020 we already witnessed the channel break and retest, which was followed by a parabolic rally of another +50%. And in mid 2024, the Nasdaq again broke the channel trendline towards the upside, preparing the repetition of the parabolic rally which we saw four years ago. Levels to watch: $30.000 Keep your long term vision, Philip (BasicTrading)
TVC:NDQLong
by basictradingtv
14
USDJPY → Fake Breakdown Gives Bulls a Chance!FX:USDJPY The price dips into support and creates a false breakdown below the lower boundary of the current trend. Meanwhile, the dollar is gaining strength, which could provide an opportunity for the currency pair to rise. The price has paused near a strong support zone, as the fundamental backdrop has been increasingly unstable and heavily influenced by developments in the USA. Attention has shifted away from Japan's interest rate hikes, with market participants now closely monitoring economic data from the West. From a technical perspective, the chart presents two potential triggers—one for buying and one for selling. However, given that both the global and local trends are upward, the bias leans toward buying. If the currency pair manages to sustain above the 151.9 - 151.95 level, short- to medium-term growth toward the targets marked on the chart is likely. Resistance levels: 151.94, 153.7, 153.97 Support levels: 150.95, 149.52 That said, if the dollar's correction persists and buyers fail to capitalize on the false breakdown of support, a drop back to 150.95 could trigger a breakdown, potentially leading to a decline toward 148.64.
Long
by PIPsOptimizer
GOLD - Price can continue to move up inside rising channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price started to trades inside flat, where it at once broke $2745 level, but soon fell back to support area. Next, price bounced up to the top part of flat and then corrected back to support area, where it some time trades. After this, Gold exited from support area and soon exited from flat and continued to move up inside rising channel. In channel, price corrected to support line and then in a short time rose to $2850 level and broke it. Then price reached resistance line of channel and fell to support area, after which it continued to move up. So, I think that Gold can make a correction and then continue to move up to $2945 resistance line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
6
DOGE About to Moon? Yes, But Watch for One Last dump!Since 2013, CRYPTOCAP:DOGE has been following a massive long-term ascending channel. Every major pump and dump has played out within this channel. Right now, BINANCE:DOGEUSDT is forming a similar pattern to the one before its last bull run. In both cases, you can draw a downtrend line from the previous cycle’s peak. Before the real breakout (purple arrow), there was always a failed breakout attempt (light blue arrow) followed by a sharp correction. 💥 Last cycle’s correction: -61% 💥 This cycle’s correction so far: -64% After the first correction, DOGE broke the downtrend line (purple arrow) but then had another 56% pullback, retesting the lower boundary of the descending channel. If DOGE follows this same script, we’ve already seen a 57% drop as of 2/3. But is the correction over? Not sure yet. If there’s one last dip before the real pump, it could drop to the lower boundary of the descending channel. Based on past support/resistance levels, the buy zone could be between $0.215 - $0.151. Then comes the dawn after the coldest night— The party will start suddenly, so hold on tight. 🔴 [ Follow me ] for more future script "guesses" like this! 🔥 I've dropped another 2 analyses for the 2025 altseason on the right hand side if you're using computer, and scroll down a bit to see the link if you're using mobile.
CRYPTO:DOGEUSD
by Harold_123
5