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Parallel Channel

Are gold bulls back?Today, gold retraced its lowest to 2859 and then started to rebound. Gold is currently trading around 2870. Are gold bulls back? After opening in the morning, it showed a volatile upward pattern. As far as the current trend of gold is concerned, although gold continues to rebound, this rebound is not strong and can only be regarded as a technical repair. From the hourly chart, the short-term resistance above is suppressed in the 2880-2890 area. When the price touches this area, we can consider shorting gold in a timely manner. The target area below is the 2865-2855 area. Brothers, profit is the ultimate goal of trading, and accumulating profits is what changes your life and destiny. Wise choices are far more important than hard work. If you want to copy trading signals, make stable profits, or want to learn the correct trading logic and skills in depth, you can consider joining the channel at the bottom of this article.
OANDA:XAUUSDShort
by GoldKing_Allen
GOLD → Local downtrend, price under bearish pressureFX:XAUUSD has been strengthening since Friday. Standard reaction to the false break of the support at 2834. Price is still in a selling zone and heading for resistance before a possible pullback to the downside. The $ has strengthened strongly over the past week and looks poised to continue its rise, but it all depends on the tariff war, economic risks and regulatory policy in the US. Markets are reacting to attempts to regulate the war in eastern Europe. Ahead are Fed statements and US economic data. On 4H, gold is trading flat 2881 - 2834. Below 2881 gold is under bearish pressure (selling zone). But, due to the liquidity created in the 2878 - 2881 area, gold may test the area of interest before returning to the downside. Resistance levels: 2869, 2877, 2881 Support levels: 2859, 2834 At the moment consolidation is forming below 2869 (0.5 fibo) after a false breakdown. If the bears keep the price under the level, the decline may start earlier. We also have another trigger - 2859. A breakdown of this support will trigger a sell-off and liquidation, which may lead to a fall to 2834. Regards R. Linda!
FX:XAUUSDShort
by RLinda
9
EURCHF → Bears increase pressure to lower the priceFX:EURCHF breaks trend support and overall bullish structure. The rising dollar is putting negative pressure on the forex markets The fundamental background for the Eurozone is extremely negative due to Trump's policy and the US in general, especially when it comes to the tariff war. The dollar is strengthening, which generally creates a negative background for the markets. Technically, after breaking the support of the uptrend, the bears are confirming their dominance by keeping the price in the selling zone. Resistance levels: 0.93807, 0.94179 Support levels: 0.93299, 0.92945 A retest of the reversal zone 0.9400 is possible, but at the moment we can focus our attention on 0.93800. Consolidation of the price under this level will provoke further sell-offs. Regards R. Linda!
Short
by RLinda
1
ABT Bullish Momentum – Move Toward $141.60 ExpectedNYSE:ABT is showing strong bullish momentum, trading within an ascending channel and steadily approaching the upper boundary. The recent price action highlights consistent buying pressure, suggesting a potential continuation toward the $141.60 level. The stock has maintained its position above key trendlines, with higher highs and higher lows confirming the bullish structure. A minor pullback toward the midline of the channel could offer buyers another opportunity to step in before pushing higher. This setup aligns with the expectation of a bullish continuation, with the upper channel resistance around $141.60 acting as the next logical target. If you agree with this analysis or have additional insights, feel free to share your thoughts here!
NYSE:ABTLong
by DanieIM
2
#ZECUSDT #1D (Binance Futures) Descending channel breakoutZcash broke-out printing a morning star, looks good for recovery towards 100EMA resistance. ⚡️⚡️ #ZEC/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 5.9% Current Price: 36.12 Entry Zone: 36.05 - 33.55 Take-Profit Targets: 1) 41.83 1) 47.12 1) 52.42 Stop Targets: 1) 28.92 Published By: @Zblaba SEED_DONKEYDAN_MARKET_CAP:ZEC BINANCE:ZECUSDT.P #1D #Zcash #Privacy z.cash Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +40.4% | +70.8% | +101.3% Possible Loss= -33.8% Estimated Gaintime= 1-2 months
Long
by TradingOn
2
WIF/USD * Daily TF EWP TC FIB AnalysisAnalysis of WIF/USD Chart Using Elliott Wave Theory 1. Elliott Wave Count & Structure: The chart follows a clear Elliott Wave multi zigzag structure. The impulse wave peaked at around $4.86, marking a significant high. The correction followed in a three-wave ABC structure, which seems to have found support at a key Fibonacci level (0.618 - 0.65 retracement). 2. Trend Channel & Key Support Levels: A parallel trend channel is visible, where price has bounced off the lower boundary, indicating strong support. Key support zone around 55¢, which aligns with the lower boundary of the trend channel. 3. Potential Price Targets & Future Projections: The bullish scenario suggests a Wave Y target above $30 (potentially $36). The large green box in the upper right suggests a potential high-reward zone, likely driven by a new impulse wave (Wave Y). 4. RSI Indicator & Momentum Shift: RSI was previously oversold but is now turning upwards, indicating potential momentum recovery. A break above the 50 RSI level would confirm bullish continuation. According to cryptonews.com : The biggest meme coin sensation in 2024! Be careful with meme coins So let you guide by BTC and VIX if you want to invest in this coin.
CRYPTO:WIFUSDLong
by Anakyn
BITCOIN - Price can start to grow to resistance line of channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price started to decline inside falling channel, where it some time traded near $104600 level and broke it. Then, BTC declined to the $91000 level, after which it turned around and rose to the resistance line of the falling channel. Price some time declined near this line and then exited from this channel and tried to grow, but failed. After this Bitcoin continued to decline in another one falling channel, where it firstly rose to resistance line. In this channel, BTC broke $91000 level and fell to support line, but recently it bounced and started to grow. In my mind, Bitcoin can bounce from support line and rise to $90900 resistance line of falling channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
12
BITCOIN → The “90K” door opened a corridor to $75,000BINANCE:BTCUSD is changing its market structure to bearish after the 90K breakout. A deeper correction is forming and in my opinion this is a logical and technically correct structure for a healthy market I think it is a wrong siutation when the market is only going up and solely due to buying (injecting huge amount of funds on a HYIP). A bitcoin correction or even a trend reversal can bring a drop of life to this market. Fundamentally, traders have not waited for any active support for cryptocurrencies from the US as stated in Trump's election campaign. Crypto exchange hacks, scam coins and bitcoin dominance are negatively affecting altcoins. Bitcoin's current decline and possible drop to 75-73K could give fundamentally valuable altcoins a chance, provided the flagging dominance index also starts to decline. As the simultaneous flow of funds from bitcoin to altcoins and bitcoin's rise from strong support could renew the chances of an altcoin season Resistance levels: 88150, 90700 Support levels: 75К, 73570, 66830 A small correction to resistance 88.1 - 90.7 is possible before price starts its decline. BTC may try to go deeper, but based on the situation with the market imbalance, lack of driver and support, the price may descend in the medium term and reach the zone of interest and liquidity 75-73.5K. Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
86
WHERE BitCoin HEADEDmy first ever post was not a serious technical analyses but it played out not so bad. now bitcoin had lost mid-term uptrend by breaking bellow 91K it will regain mid-term uptrend by breaking above 100K at the moment possible support levels: 73-75K and 67-69K *MY-OPINION*: we will have a dip in the next 2 Weekly candles forcing price to touch 67-69K, and then a close above 75K in monthly(March) candle would be nice to confirm the end of a correction phase for BTC.
BITSTAMP:BTCUSD
by morteza98
1
Gold Wave Analysis – 28 February 2025 - Gold broke the support zone - Likely to fall support level 2800.00 Gold recently broke the support zone between the key support level 2875.00 (which has been reversing the price from the start of February), the support trendline of the daily up channel from January and the 38.2% Fibonacci correction of the upward impulse from January. The breakout of this support zone strengthened the bearish pressure on gold accelerating the active downward correction. Gold can be expected to fall to the next support level 2800.00 (a former multi-month high from last October and the 61.8% Fibonacci correction of the upward impulse from January).
FX_IDC:XAUUSDShort
by FxProGlobal
Miota ($IOTA)Weekly TF Elliott Wave Crypto Analysis FIB TCAnalysis of the IOTA/USDT Weekly Chart Using Elliott Wave Principle Overview & Key Elements The chart represents the IOTA/USD pair on a weekly timeframe with Elliott Wave structures, Fibonacci retracements, and channel trends. Key observations: • completed five-swing downtrend. • corrective wave (ABC) retracement following the previous bear market. • potential macro bottom around $0.06-$0.07, indicating capitulation. • price has bounced off key Fibonacci levels (0.618, 0.786). • Fibonacci extension targets project potential upside targets at $2.74, $6.61, and $7.50. • Bearish parallel channel: The price recently broke out of the descending structure. • Resistance zones: Around $0.60, $0.85, and $2.75 before reaching the higher targets. • RSI Indicator: previously in oversold territory, now signaling a potential macro reversal. • The momentum is turning bullish, aligning with the forecasted Wave 3 impulse move. What Does This Mean for Price Action? Bullish Reversal Confirmed: The price action suggests a completed bear market correction and the beginning of a new impulsive bullish wave (likely Wave 3). A break above $0.57 and $1.00 would strongly confirm this bullish scenario. Potential Targets for 2025-2026: • $1.00 - $1.50 → Initial major resistance zone. • $2.74 - $3.40 → Key Fibonacci extension level, historically significant. • $6.61 - $7.50 → Maximum projected target based on the 1.236 Fibonacci extension. Risk Factors: If IOTA fails to hold above $0.12 - $0.15, further downside towards $0.06 could occur before resuming upward. A break below $0.06 would invalidate this bullish setup. Conclusion: Highly bullish setup for IOTA with a strong Elliott Wave structure. Long-term accumulation levels: $0.12 - $0.20. Target zones for the next bull run: $2.30 - $7.50. A parabolic breakout is likely in 2025
BINANCE:IOTAUSDLong
by Anakyn
GOLD → False breakdown and pullback before the fallFX:XAUUSD is updating lows within the framework of the changed local trend. The price is testing the liquidity zone of 2852. Possible rebound before further decline Gold traded near two-week lows below $2,900 in Asian markets on Friday, breaking an eight-week run of gains. The metal is being pressured by a strengthening U.S. dollar amid Trump's new tariff threats and the U.S. economy. Trump confirmed 25% tariffs on Mexican and Canadian goods from March 4 and an additional 10% on Chinese imports. Weak US GDP data (2.3% in Q4) and rising jobless claims also support the dollar. Traders are waiting for the PCE core price index data to gauge the Fed rate outlook and the impact on gold Resistance levels: 2869, 2877, 2885 Support levels: 2852, 2834 A false break of 2852 could trigger a pullback to the imbalance zone (2869-2877) or to the liquidity zone (2885) before a further decline. Fundamental and technical background is weak, gold may try to renew the low. Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
USDJPY → A rebound following a rising dollarFX:USDJPY is growing following the dollar. A local reversal is being formed due to US politics and economy The price stops in the zone of 149.4 - 148.6 after a strong fall. Long-term consolidation is forming a reversal setup, the situation is also supported by the reversal and strengthening of the dollar. Against this background, the Japanese yen is losing positions. The focus is on the resistance 150.3, if the bulls can keep the defense above this zone, then in the short to medium term the price may strengthen to the trend resistance. Resistance levels 150.3, 150.95 Support levels: 149.4, 149.15 At the moment we have a downtrend and the potential for counter-trend correction. Everything depends on the dollar and the upcoming news. If the outcome is positive for us, the price may reach 152.3 Regards R. Linda!
Long
by RLinda
6
Bitcoin can break support level and continue to fall in channelHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see that the price moved into a range, where it initially surged to the seller zone, touching the upper boundary. After that, it quickly reversed and dropped to the lower part of the range, which aligned with the 93900 level, before bouncing back up. The price made another attempt to reach the seller zone, but this time it broke out of the range and started declining within a downward channel. Inside the channel, BTC initially touched the support line but struggled to gain momentum and continued to fall. Not long after, the price broke through the 93900 level, retested it, and then dropped further to the support level, which overlapped with the buyer zone. It even briefly broke this level, reaching the channel’s support line before making a sharp recovery. Following this bounce, BTC quickly reclaimed the broken support level and is currently trading near the 88100 mark. In my view, Bitcoin could rise to test the channel’s resistance line before resuming its downtrend and breaking the support level again. Based on this, I’ve set my TP at 85000 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
17
EURO - Price can make small correction and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago, the price bounced from support line and rose to resistance area, after which it started to fall. In a short time, price declined to support line and then it made a strong gap, breaking support line. After a gap, Euro made an upward impulse, breaking $1.0300 level, and then turned around and madea correction. Next, price started to grow inside a rising channel, where it rose to resistance area again and then bounced down. Then it in a short time rose back and broke $1.0480 level and now price trades inside resistance area. I think that Euro can bounce up from resistance area to $1.0580 points inside a rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
EURCAD - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURCAD has been in a correction phase and it is currently approaching the lower bound of the blue channel. Moreover, the green zone is a strong support zone. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #EURCAD approaches the blue circle, 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 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TheSignalyst
19
EURUSD - Bullish No More!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURUSD has been overall bullish, trading within the rising channel, however it is currently retesting the upper bound of the channel. Moreover, the red zone is the upper bound of its weekly range. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the structure and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #EURUSD approaches the red circle, I will be looking for bearish reversal setups (like a double top 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 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
6
ETH has broken its 2 year ascending trendlineI have been busy working on our AI Super Aggregator so have not been as active in the market but look at this chart, it looks not good. We have broken a 2 year ascending trendline, the only goodish news is that it looks like we are trying to assume a nearly horizontal channel versus some steep descending channel. Since we are at the bottom of that new channel I would expect some reprieve from the current descent but a good chance its just enough to come up and prove our old ascending channel as resistance before potentially heading back down to retest the bottom of channel support. Really most the broad crypto market looks not so great but some assets have been trying to break their descent, and for some assets they are so oppressed right now you have to wonder, how much lower can it go? Be vigilant, the market has already been cruel and at the moment it looks like it still has more anger to blow off.
Short
by EncryptShawn