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Parallel Channel

NZDUSD → False breakdown of a double bottom. But...FX:NZDUSD is forming a local reversal pattern on the background of the dollar correction. It is too early to talk about a change of trend, but we can get a correction with the purpose of retesting the liquidity zone On the daily timeframe earlier a false breakdown of the double bottom was made, the price was not let down and in a few days began to buy out on the background of news on inflation from the USA. Traders took the decline in inflation relatively positively and moved to profit-taking in the dollar, which gives the forex market a chance. For now, the focus is on the 0.59-0.5912 zone. If the bulls can keep their defenses above this zone, we may get a rise to 0.597 (towards the descending channel resistance) in the long run Resistance levels: 0.5912, 0.5972 Support levels: 0.588, 0.58166 But, we should not deny the downtrend. From any resistance the price can continue downward movement, as there are no preconditions that the market is ready to change the trend. Regards R. Linda!
Long
by RLinda
5
EURJPY → Support breakdown. Attempt to change the trendFX:EURJPY seeks to renew lows. The dollar rally is negatively affecting both JPY and EUR. The Eurozone has yet to face Trump's policies, while Japan is already going through a rough patch.... The currency pair is exiting the ascending channel, hinting at a trend change. The price breaks support and consolidates in the selling zone. Ahead is the key support at 161.2, the breakdown of this zone may provoke the bears to more active actions. Technically and fundamentally, the currency pair is entering the downward rally phase, so the trend change is just the beginning.... Resistance levels: 162.04, 162.5, 163.2 Support levels: 161.16, 158.4 The focus is on the channel boundaries, resistance at 162.04 and support at 161.16. From these zones an aggressive fall may be possible, as buyers do not believe in a positive outcome at the moment Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURJPY ;) Regards R. Linda!
Short
by RLinda
4
S&P500 - The Most Important Channel Breakout!S&P500 ( TVC:SPX ) is retesting a crucial breakout area: Click chart above to see the detailed analysis👆🏻 During 2024, the S&P500 rallied more than 25% after we already saw a very bullish year of 2023. However, momentum is always more likely to continue and since the S&P500 is currently retesting a major breakout level, this bullish momentum could lead to a final breakout. Levels to watch: $6.000 Keep your long term vision, Philip (BasicTrading)
TVC:SPXLong
by basictradingtv
15
Fetch.ai $FET/USDT - 200D SMA Bull Regime Detection This indicator helps traders identify market regimes using the powerful combination of 50 and 200 SMAs. It provides clear visual signals and detailed metrics for trend-following strategies. We've just had our bull regime print and are trading just 2 days of bull regime duration. Golden cross incoming: 200D x 50D SMA crossover Key Features: - Dual SMA System (50/200) for regime identification - Colour-coded candles for easy trend visualisation - Metrics dashboard Core Signals: - Bullish Regime: Price < 200 SMA - Bearish Regime: Price > 200 SMA - Additional confirmation: 50 SMA Cross-over or Cross-under (golden cross or death cross)
Long
by igreycrypto
2
FET/USDT Long: Did you take it? See linked chartsIf you like these posts please remember to give me a boost and a FOLLOW! Any questions please ask away. FET/USDT Long signal. Did you take it? Bullish order flow was there. We have our targets, and stops are at entry. FET has been lagging compared to the rest of the market, especially in AI. Recent developments in their EARN & BURN mechanism look to be bringing excitement back and I believe there's plenty of catching up to do! Bullish Orderflow: EWT analysis & macro forecasting:
Long
by igreycrypto
1
ETH breakout, short term pullback, long term runThere was more than 6 months of pullback for ETH but there was a clear descending resistance for the last 6 months, every time ETH hit it, it pulled back. We had a double tap and failure to penetrate in October and early November and then 24.Nov we broke through resistance and started to run. This still seems to be early on in the run. We have seen days where ETH outperformed BTC and in fact we are trying to break down the support for BTC Dominance. You can see its clear trend up and how we are testing that support line now. If it breaks down we will likely see ETH run and the stage may be set for a flippening. I think more likely is that support holds and BTC dominance will start to rise again around this point. BTC Dominance: There are many reasons BTC dominance will run but one that is common is that BTC pulls back and the rest of the market pulls back a lot harder. If BTC loses 5% a lot of alts will lose 20% often. Another way BTC dominance runs is if it breaks out and runs for big gains, already having a near a $2T marketcap now, a 5% run would add $100B of market cap for BTC. BTC tried to break out and it rejected, there is a possiblity that we could trace this all the way back to $68-$70k here depending on the speed of descent. Also though, BTC has been strong and bullish, there is very much a chance that we consolidate and build up here and break out, so this line is really significant, its probably the difference on whether BTC dominance runs because of BTC pulling back or running hard. BTC Chart: ETH on the other hand, looks like it has broken out of recent multi-month resistance and seems to just be getting started, but this channel it has assumed is already showing us were we should see support and resistance as it continues to run. This looks like its early on in the breakout really but does look likely that we will pull back more here. If you see this price break top of channel, expect another run and if it breaks bottom of channel, be prepared for a noticeable pullback. In the meantime, as long as it is assuming the channel, it is ascending and bullish. Keep an eye on BTC, we know if its not happy, generally the whole market suffers. Its hard to find profits on other assets while BTC is dumping so even if you are not trading BTC, you should be watching it.
COINBASE:ETHUSDLong
by EncryptShawn
3
Bitcoin can little correct and then start to grow to 100KHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago entered to upward channel, where it at once fell to the support line and then continued to grow. In a short time, BTC reached the 66800 support level, which coincided with the buyer zone and broke it, after which some time traded near and later rebounded to the resistance line of the channel. Then price made a correction to the support level and then made an impulse, exiting from the upward channel. Next, BTC continued to grow inside the upward pennant, where it rebounded from the support line and rose to the current support level, which coincided with the support area. Bitcoin some time traded inside the support area and later broke it, after which rose to the resistance line and then turned around. Price declined to support line of this pattern, which coincided with the 91500 current support level. But a not long time ago, it started to grow, so, now I think that BTC can little correct, to support level, and then start to grow to 100K. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
Amazon - This Could Be The Breakout Rally!Amazon ( NASDAQ:AMZN ) is creating a major breakout: Click chart above to see the detailed analysis👆🏻 With this monthly candle, Amazon is finally breaking above the previous all time highs and could therefore start the next major bullish cycle. After a 5 year consolidation, a confirmed breakout will lead to an unbelievable short squeeze, which could bring us all the way up to the top of the channel. Levels to watch: $200, $500 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMZNLong
by basictradingtv
7
EURO - Price can bounce up from support area to $1.0685 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago, the price started to decline inside a falling channel, and in a short time, it fell to the $1.0810 level. Then, the price entered the resistance area, after which it turned around and rose to the resistance line of the channel, making a first gap. After this, EUR made impulse down, breaking $1.0810 level, exited from channel, and continued to decline in pennant. In pennant, price fell below $1.0515 level, to support line of this pattern, after which made a second gap and returned back. Also recently, Euro broke $1.0515 level and exited from pennant and now trades close to this level. In my mind, price can fall to support area and then bounce up to $1.0685 points. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
EURUSD → Correction after false breakdown before further fallFX:EURUSD is taking a chance amid the local correction of the dollar. The currency pair can test the local highs. But! You need to be careful as there will be a lot of news today. Fundamental background is generally negative. (Trump's victory, tariffs for European export goods, lower interest rates and so on). This all accompanies the global and local downtrends. Accordingly, in our case, since a false support breakout is forming on the chart, we should wait for a retest of resistance and reversal patterns to further consider selling attempts with the purpose of further decline. Resistance levels: 1.0606, 1.065, 1.076 Support levels: 1.0517, 1.044, 1.033 Accordingly, we follow the nearest resistance, if bears behave aggressively on the background of the news, the price will continue to fall from these areas Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
6
Nasdaq - This Is Just The Beginning!Nasdaq ( TVC:NDQ ) is preparing a major rally going into 2025: Click chart above to see the detailed analysis👆🏻 As mentioned in all of my previous analysis, the Nasdaq is rallying but despite the recent strong move, there is still a lot more room towards the upside. With the channel breakout happening over the past couple of months, it is quite likely that we will see a rally of +50% during 2025. Levels to watch: $26.000 Keep your long term vision, Philip (BasicTrading)
TVC:NDQLong
by basictradingtv
6
Gold - This Will Be The Top!Gold ( TVC:GOLD ) is starting to reject the channel resistance: Click chart above to see the detailed analysis👆🏻 Gold perfectly retested the top of the rising channel after rallying more than +35% over the past couple of months. Just looking at this overextended rally alone, it is quite likely that Gold will correct even more and maybe, we will even see a retest of the previous breakout level. Levels to watch: $2.700, $2.050 Keep your long term vision, Philip (BasicTrading)
TVC:GOLDShort
by basictradingtv
18
PEPEUSDT → DUMP Phase. Manipulation before growth? BINANCE:PEPEUSDT after "PUMP" goes into a plum phase or “DUMP”. Key support is under attack for a long time and may not hold up For the last week and a half, the coin does not react in any way to the bitcoin growth and is in the consolidation phase, but if you look closely, the consolidation has the character of a descending triangle, which indicates the growing pressure from the sellers. If the support at 0.00001880 does not hold, the coin may form a strong impulse. Targets in this case could be 0.0000149 or 0.00001388. Resistance levels: 0.0000195 Support levels: 0.0000188-0.000018 Emphasis on key support and resistance. I do not exclude that a retest of resistance is possible, but the overall picture at the moment suggests that there may be a breakout of the base, reaching liquidity zones before further growth Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:PEPEUSDT ;) Regards R. Linda!
Short
by RLinda
12
Euro can reach resistance line of channel and then continue fallHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to decline inside the downward channel, where it rebounded from the resistance line first and in a short time declined to the support line of the channel. Next, the price rebounded from this line, which coincided with the resistance level and started to grow to the resistance line, making a first gap as well. When the price reached the resistance line, it turned around and made an impulse down, breaking the 1.0760 level, which coincided with the seller zone, after which tried to return, but failed. After this, the EUR continued to decline inside another one downward channel. In this channel, the price fell to the support line (1.0520) and then rebounded to the resistance line of the channel, after which continued to fall. Soon, the price fell back to the support line of the downward channel, but a few moments ago, it bounced up to almost the resistance line, making a second gap. So, at the moment, I think that the Euro can reach the resistance line of the channel and then start to decline to the support line of the channel. For this case, I set my TP at 1.0290 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
GOLD - Price can continue to grow inside rising channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price traded inside flat, where it made a gap and then bounced up, thereby exiting from this pattern. Next, price started to decline inside falling channel, where Gold broke $2740 level and fell to $2660 level. Price tried to grow, but failed and declined more, until to $2610 points, after which exited from falling channel. Then price fell to $2535 points, after which Gold started to grow inside rising channel, where it broke $2580 and $2660 levels. Next, price rose to resistance line of channel and made correction to $2660 level, after which continued to rise. I think that price can correct to support level again and then continue to grow to $2740 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
5
KEYUSDT long Spot Trade / after the last correctionafter the last correction break the Base Channel and entered wave 2 territory, and as I see BTC and ETH not complete there correction wave yet, and the same case with most of the other Crypto, so that mean that the price will go deeper, which make our 5 impulse Wave Idea invalid. KEYUSDT Elliott Wave Technical Analysis Mode: Corrective Position: Wave (c) from (X) Direction: Wave (c) is still in play Details: Wave (c) is still in play which I expected to be end around 0.0046-0.0035 which will be my entry point. Next Direction: next higher Degrees Wave (Y) Target : T1: 0.010775 with 160% profits T2: 0.0143 with 250% profits Wave Cancel invalid level: Daily closing below 0.002348 with 40% loss. Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Long
by ahmadsaad83