7204: Breakout and Retest7204 was in correction for a while within descending parallel channel.
Breakout followed by retest is observed on parallel channel.
Price has started showing HH, HL formations after
taking support from horizontal line
which is also golden pocket fib level.
A Bullish divergence is also formed.
Take entry now (with aggressive or conservative SL) and ride the trend.
Do proper risk management based on your portfolio and appetite.
Parallel Channel
Parallel channel breakoutGood volume buildup in daily timeframe.
Parallel channel breakout with good volume.
Smallcap⚠️⚠️.
Fundamentals are good.
NOTE: I do my analysis, do yours before trade.
SILVER to the MOONI anticipate quite a retracement in coming days, followed by a bullish ride to breakout of the W Channel.
DISCLAIMER NOTICE!
This is only my opinion and not a financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
Let Us Ride Waves Once Again: Can It Do 2x from Here?We rode BYBIT:WAVESUSDT.P some weeks ago and printed over 200% profit with 10x leverage.
Looks like it is on the ground again and ready to rise soon.
It is easier to believe that Waves is a dead project, but the community activities say otherwise. Aside from this, their development team keeps updating the blockchain with necessary updates. These are not signs of a dead project.
The fundamental looks good for now.
Nevertheless, manage your risk properly.
What are your thoughts about this analysis? Share them with me in the comment box.
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GOLD - Price can break support level and make correction moveHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to rising channel, where it at once fell almost to support line and then continued to grow.
In a short time price reached $2355 level, broke it, and continued to move up to resistance line of channel.
Then price left this channel, made fake breakout of $2465 level, and made correction movement to $2355 level.
Next, Gold started to grow another rising channel, where it later reached $2465 level, but at once made correction.
Soon, price turned around and rose back, even breaking $2465 level, and now it trades inside resistance area.
In my mind, Gold can rise a little higher than resistance area and then make a correction to $2415
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NVIDIAPrice is moving in an ascending channel and facing resistance at the level 125. In daily chart, though the price is bullish, it is near to trend line resistance.
Buy above 126 with the stop loss of 124.5 for the targets 126, 128, 130 and 132.
Sell below 122 with the stop loss of 123.5 for the targets 120.5, 118, 116 and 114.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
SPXS to $8 by 8/23Price at bottom channel
Stochastic Momentum Index (SMI) at oversold level
In at $7.43
Bought 8/23 $8c for $5
Gold price again is a SIDEWAYS consolidationXAUUSD remains volatile, with a doji candle forming in the previous daily session. Since today is Friday and no major high-impact news is expected, the market may continue to consolidate sideways. The price is currently hovering around the key 2450 level, building liquidity on both sides, and seems to be forming a triangle pattern, indicating a potential breakout. If the price closes above last week's high and stays above it, this could signal a bullish move in the coming week, especially as it has re-entered the range zone. The target is the resistance zone around 2477
BITCOIN - Price can leave pennant and fall to $54500 levelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price entered to falling channel, where at once fell to resistance level and soon broke it.
After this, price declined to support line and then exited from falling channel and fell lower even $54500 level.
Then BTC entered to pennant, where it turned around from support line, and made upward impulse broke $54500 level again.
Next, price made retest from this level and in a short time rose to resistance line of pennant and then started to decline.
In a short time, Bitcoin fell to support line of pennant, where at the moment continues to trades near.
I think that price can make movement up to resistance line and then bounce down to $54500 level, exiting from pennant.
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AUDCHF: Bullish Trend Continues 🇦🇺🇨🇭
AUDCHF is trading in a bullish trend on a 4H time frame.
After quite an extended bullish wave, the pair was consolidating within
a horizontal range for some time.
The resistance of the range was broken yesterday.
It is a very important sign of strength of the buyers for us.
I think that growth may continue, and the market will reach 0.58 level soon.
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GOLD → a possible move 14 AUGhello guys.
let's analyze Gold. OANDA:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD
1. Price Action & Market Structure:
The price is trending upwards within an ascending channel, which has been a key support and resistance guide.
There are liquidity zones marked as "hunted," suggesting areas where stop-loss orders may have been triggered, causing a reaction in price.
2. Key Levels:
Top of the Channel: The price recently touched the upper boundary of the channel, indicating a potential reversal zone or a point of strong resistance.
2,468 Level: This is a critical level. If the price touches this level again, it could trigger a further downward move towards lower support levels.
Support at 2,445.75 : This is the next significant support level if the price fails to hold above the 2,468 mark.
3. Potential Scenarios:
Bearish Scenario: If the price touches the 2,468 level and fails to maintain upward momentum, a drop toward the 2,445.75 level is likely. This move could be influenced by the break of the ascending channel and previous liquidity hunts.
Bullish Continuation: If the price can regain strength above 2,468 without breaking lower, it could attempt to challenge the top of the channel again.
4. Market Sentiment:
The market appears to be in a cautious phase, with the recent touch on the top of the channel suggesting the potential exhaustion of the bullish move. The liquidity hunts could indicate a shift in sentiment if the price fails to push higher.
Summary:
Current Trend: Upward within an ascending channel.
Resistance: Top of the channel and critical level at 2,468.
Support: Key support at 2,445.75 if the price breaks down from 2,468.
Liquidity Zones: "Hunted" areas indicate possible stop-loss triggering, suggesting potential for reversals.
Outlook:
Bearish: If 2,468 is touched again and fails to hold, expect a drop towards 2,445.75.
Bullish: Price needs to stay above 2,468 to continue towards the upper channel.
___________________________
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Yen Carry Trade Unwind: Is It Really Over?The unwind of the Yen carry trade has led to a significant breakdown in the USDJPY, shattering the ascending channel that had been in place since early 2023. We're now witnessing a retest of the channel's lower bound, where crucial resistance levels come into play. As asset managers continue to unwind their short Yen positions to mitigate risk, we may see a sustained strengthening of the Yen, potentially driving the USDJPY even lower.
NOTCoin → Pullback after a false breakdown. When is it going up?BINANCE:NOTUSDT on the background of the rally ( together with TON ) strengthens and updates the maximum 0.0129, thus forming a retest of the wedge resistance. The attempt is unsuccessful, the reaction is a pullback to the liquidity zone.
Fundamentally interesting project in the medium and long term can still show good growth, but for this developers need to try. The prospects of Notcoin will depend on the innovations developed by the project, its marketing strategy and the state of the overall cryptocurrency market.
Technically, a false breakdown of the wedge resistance is forming amid bitcoin's decline. The price may test the liquidity area of 0.0105 and then a retest of the resistance may follow. I do not exclude the fact that the support may be broken without any corresponding reaction, in this case we will wait for a retest of trend support.
Resistance levels: 0.1294
Support levels: 0.01053, 0.00912
Accordingly, any breakout and consolidation of the price above the wedge resistance will be a strong signal for further rally. As long as the price has not left the range, it is worth considering trading inside this pattern.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:NOTUSDT ;)
Regards R. Linda!
BITCOIN → Why didn't we go above 70K? The reason for the drop...BINANCE:BTCUSD has been in consolidation for 5 months. The price makes another retest of the 70K resistance, but due to several reasons failed to pass this area. A correction inside the FLAG is forming
From 70K resistance another correction to 64K has started. The reason for this is strong bullish sentiment after the US allowed bitcoin as a reserve asset. There is also a lot of attention to BTC because of the presidential race. Accordingly, the Market Maker eliminates the positive crowd (the price always goes against the crowd). And whales start buying the asset at cheaper prices.
On Friday, the NFP report and unemployment (up 4.0% to 4.3%) influenced the price drop. Rising unemployment + rising inflation had a negative impact on the markets. It is too early to buy, we should wait for the slowdown of the movement and stronger data.
Resistance levels: MA-50, 63250, 68570
Support levels: MA-200, 59300, 56500
Technically, the price is testing MA-200 and is squeezed above MA-50. If MA-200 fails to hold the price, bitcoin may go down to the lower boundary of the FLAG before a buyer can take over the situation. BUT, if the bulls hold MA-200 as support and manage to consolidate above 63300, a rise may be waiting. Overall, the fundamental background is very positive, but local economic data has a negative impact on the markets.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;)
Regards R. Linda!
Gold intraday roadmap toward 2500 +/-. 16/August/24XAUUSD now is trending up to wave (d)(yellow) at 2480 +/- of bullish triangle before last leg down toward wave (e)(yellow) of bullish triangle at 2430 +/-. Where Price Start Big Up toward 2505 +/-
Gold. Where to Long toward ATH at 2500 +/-? 16/August/24XAUUSD possible forming an expanding flat (A)(B)(C)(Green) in wave C (yellow circled) of skewed triangle. Price could reach ATH again at 2505 before big drop toward 2310 +/-. 2505 is a confluence zone of :- 1) Upper Trendline (blue) resistance of Parallel Channel 2) Upper Trendline (yellow) Resistance of Skewed Triangle.
EURNZD ShortThe price has extended past previous highs, and though I missed the first entry, it's at a point where it is okay to enter now. I will prepare to enter with the idea of adding to the trade if it continues to rise and pull the BE up. I'm targeting a 50% retracement PT.
EURUSD → Attempting to change the global trend.... FX:EURUSD after the retest of the trend resistance is forming a correction, which is correlated with the growth of the dollar index. By the nature of the movement, the currency pair is in the bull market phase....
False breakdown of the symmetrical triangle resistance. The fundamental background for the currency pair is relatively positive. The dollar will continue its decline in the future, which is favorable for the euro. In this case, after the end of the correction, it is possible to retest the resistance with the aim of breaking through and further change of the global trend from neutral to bullish.
Technically, the focus is on 1.0916 and 1.095. Breakout and price consolidation above this zone will be the beginning of further bullrun.
Support levels: 0.5 fibo, 1.087, 0.7 fibo, 0.79 fibo.
Resistance levels: 1.0916, 1. 095
Both technically and fundamentally, we have positive preconditions for the growth continuation. The correction may take a little longer, but it is worth paying attention to the key zones indicated on the chart.
Rate, share your opinion and questions, let's discuss what's going on with ★ EURUSD ;)
Regards R. Linda!
GOLD- XAUUSDGold is traveling in a channel pattern. We could see 2 possible options. If the upper line breaks and stays above 2473 then the target will be 2489.
If the downward trend line breaks then the target will be 2435.
Disc: This is for education purpose only. Not a trading recommendation.
EURO - Price can bounce up from support area to $1.1100Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price declined inside falling channel and fell to support level and even lower support area.
After this movement, Euro turned around, entered to wedge, and made a strong upward impulse, leaving falling channel.
Also, price broke $1.0810 level and later reached next support level, but soon turned around and started to fall.
In a short time, EUR fell to support line of wedge, after which bounced up to $1.0990 level and broke it.
Then price made retest and rose to resistance line of wedge, but recently fell to support area.
Now, I think that Euro can bounce up from support area to $1.1100, exiting from wedge pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Bitcoin will fall a little more and then continue growHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price broke the support level and fell to the trend line. Next, BTC turned around and soon broke the 56700 level again, after which made a retest and continued to grow. In a short time, the price rose to the resistance level, which coincided with the resistance zone, and even entered to area, but then turned around and fell below. After this movement, Bitcoin repeated movement up higher than the resistance level and area, after which made impulse down. Price exited broke the 67500 resistance level, breaking the trend line too, and fell even lower than the support level. But a not long time ago price turned around and in a short time rose higher than the support level, breaking it one more time. Now, I expect that BTCUSDT will decline to almost a support level and then continue to grow, therefore I set my goal at 64000 points. If you like my analytics you may support me with your like/comment ❤️
USDCAD - Massive Checkpoint!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCAD has been overall bullish, trading within the rising channel marked in blue.
At present, USDCAD is undergoing a correction phase and it is hovering around the lower bound of the channel.
Moreover, it is retesting a massive demand and support zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #USDCAD is approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
