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Parallel Channel

EURO - Price can reach resistance level and then bounce downHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price broke $1.0410 level and started to trades inside flat, where it at once fell to $1.0250 level. Then Euro bounced up from this level and rose to resistance area, after which turned around and started to decline. In a short time, price fell to $1.0180 points, thereby exiting from flat and then started to grow in rising channel. Inside channel, price broke $1.0250 level, rose a little, and then made a small correction to support line. Next, Euro rose to $1.0530 points, thereby breaking resistance level and making a gap, but soon fell to $1.0350 points. Price exited from channel, so, now I think it will make move to resistance level and then fall to $1.0250 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
10
USDJPY → Trump crashes the market, dollar ralliesFX:USDJPY breaks downtrend structure. Monday started unexpectedly for traders with Trump's actions, which gutted localized situations not only in the forex... The imposition of tariffs, another batch of statements about the Eurozone, BRICS, and also this: “Trump said that the Fed made the right decision last week to suspend rate cuts” produced a corresponding reaction in the market. On the back of inflation expectations, the dollar is accelerating its growth, thus provoking a rally in USDJPY. Technically, the focus is on the resistance at 155.95 and the support of the previously broken channel, which can be tested before further growth. Resistance levels: 155.95, 156.6 Support levels: 155.0, 153.6 The price is trying to consolidate in the buying zone, but the resistance at 155.95 is holding the price back from active strengthening. Breakdown and consolidation of the price above this area may provoke growth to the trend resistance. Regards R. Linda!
Long
by RLinda
6
PEPEUSDT🚀 PEPE/USDT Technical Analysis PEPE has entered a critical support zone after a sharp correction. Historically, this area has acted as a strong launching pad for significant upward moves (see previous rallies of 339% and 224%). Currently, price action is respecting the lower boundary of the ascending channel, showing potential for a bullish reversal. Should it hold, the next targets could align with key resistances around 0.00001400 and potentially as high as 0.00002000 in the mid-term. 🟠 Key Levels to Watch: Support: 0.00001080 Resistance: 0.00001350, 0.00001750 📈 Momentum Outlook: A breakout above the orange resistance zone would indicate renewed bullish momentum. However, a failure to hold the support zone may suggest further downside risk. Stay tuned for updates! 🔔
Long
by Aliirezaeii
16
Hedera Daily: Beware of the Bearish Dragon Pattern In my previous article, I focused on Elliott Wave counts for HBAR. () This time, I’ll approach the analysis from a different perspective: 1. **Dragon Pattern** 2. **Weekly Candlesticks** 3. **Parallel Channel** 4. **Oscillator** 5. **Fundamentals** 6. **Key Levels** 7. **Short-term Forecast and My Position** --- ### 1. Dragon Pattern The Hedera daily chart suggests a bearish “Dragon Pattern” forming. For a reference on a previous Dragon Pattern in Bitcoin, see: () --- ### 2. Weekly Candlesticks and the Dow Theory on the daily Overlaying the weekly candlesticks schematically also indicates a clear bearish bias. Unless the weekly candle closes bullish—or at least recovers to 31 cents—the continuation of the downtrend looks very likely. The daily lower-low in the Dow Theory we already have might emphasize the bearish sentiment more. --- ### 3. Parallel Channel The price has dropped below the yellow line on the diagonal parallel channel. The following likely targets appear to be the light blue or gray lines. Considering this, it seems natural to expect a move toward the green box, although the path may involve some fluctuations. --- ### 4. Oscillator At the same time, the oscillator values remain at their respective low levels, suggesting a scenario where any downward move might be more gradual than abrupt. However, such a steep decline itself isn't excluded at the extreme of oscillator values. --- ### 5. Fundamentals From a fundamental standpoint, overall market sentiment is pessimistic, influenced by the DeepSeek shock and U.S. tariff concerns, making a short-term return to optimism seem unlikely. However, from a TA perspective, this aligns with the scenario many have been anticipating. If a decline materializes now, it may reflect the market providing its catalyst. --- ### 6. Key Levels On the downside, the area near the 23-cent low is almost particular to command attention. I watch around 17.5 cents (the top of the green box). If the price does reach this level, panic selling could spark wicks down into the 15-cent region. Although the bottom of the box is around 12.6 cents—and the likelihood of dropping that far seems slim—long-term HBAR holders like myself would welcome the opportunity. --- ### 7. Short-term Forecast and My Position As I posted on X (formerly Twitter), I’m currently short 34.5 cents and plan to take profits around 17.9 cents. Since a minor bounce could happen first, I don’t intend to add to my short position at this level. My spot buy orders are scattered from around 24 to 15 cents, illustrating my long-term bullish stance on Hedera. For a bullish take, feel free to check out my earlier analysis (admittedly a bit optimistic, but I’m confident in the overall movement): ()
CRYPTO:HBARUSDShort
by jackrabbitrage
BITCOIN - Price can touch resistance level again and then fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few days ago, price declined inside falling channel to $92100 level, after which it turned around and started to grow. In a short time, price exited from channel and broke $99500 level, but when it started to trades in a wedge, it dropped back. Price some time traded near $92100 level and then in a short time rose to $106500 level, breaking $99500 level again. Then BTC exited from wedge and started to trades inside flat, but firstly it rose to $109K points and then fell back. Inside flat, price corrected to $99500 level and then in a short time rose to $106500, after which started to fall. I think BCT can touch resistance level one more time and then fall to $99500 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
9
BITCOIN → The price is getting ready to drop to 100K - 97KBINANCE:BTCUSD is facing strong resistance. The price is being pushed away from the 105-107K zone as much as possible, forming a defense conglomerate. But, this resistance cannot overshadow the global bullish situation yet A controversial situation is forming on H1-H4: a descending channel and a symmetrical triangle. And everything depends on what part of the market sees which figure. The primary reaction to the triangle support may be accompanied by a rebound, but based on the situation with the resistance, we can assume that the rebound from the triangle will not be deep and the price will try to go down. If we look at the descending channel, the price is held back from falling by the support at 101.600. Yes, technically, it is the support of 101.600 that plays the main role now. The main question is whether this level will hold the price or not. Fundamentally, the situation is debatable, as the situation mainly depends on America, on how Trump and officials will use rhetoric regarding cryptocurrencies. It could be a bubble, a scam to win an election, or empty talk. Or it could be an actual strategy Resistance levels: 103.4K, 105.8K Support levels: 101.6K, 99.6K Emphasis on 101.6. In the short term, I expect a breakdown and price consolidation below the level followed by a drop to 100-97K BUT! Since there is a symmetrical triangle on the chart, a false breakdown of 101.6 may lead to a small upward bounce before a further fall to 100K Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
62
GOLD (XAUUSD): Support & Resistance Analysis For Next Week Here is my latest structure analysis for Gold for next week. Vertical Structures Vertical Support 1: Rising Trend Line Vertical Resistance 1: Rising Trend Line Horizontal Structures Resistance 1: 2816 - 2820 area Support 1: 2786 - 2790 area Support 2: 2718 - 2732 area Support 3: 2689 - 2698 area Support 4: 2655 - 2663 area Support 5: 2614 - 2635 area Support 6: 2596 - 2605 area Support 7: 2583 - 2585 area Consider these structures for pulback/breakout trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
5
ETH | C&H | $8k+++☕The C&H Pattern With a Little Tilt to It💧 This chart showcases how we can grab forecasted targets using chart patterns similarly to my other postings and how we can use these patterns to our convictions BITSTAMP:ETHUSD is currently still trading within the falling wedge pattern and will play a big role into being the cause of the C&H breakout As shown on the chart we can see the main trendline target in orange somewhat lines up with fib extension and C&H trajected target which creates a great confluence in forecasting what's next to come After price makes it's way to breakout at the upper trendline we should see a push towards $4,800 in the acts of a Pullback Trigger and Not Permanent Resistance Price action doesn't go in a straight line forever so we'd have to see a cool off period retesting atop from the breakout (SnR) for a second point contact to launch price further, the first point contact is where we are now, and by adding a SMA or EMA this will allow for optimal accumulating zones The red squares are the major and minor pivot points to calculate the levels for the Fibonacci extensions and also line up with Fib Channel which was measured from the base structure (main trendline in orange). Follow to stay tuned on what price action will do next after this hopefully plays out🚀
BITSTAMP:ETHUSDLong
by Nathanl19
HelenP. I Gold will continue to move up inside upward channelHi folks today I'm prepared for you Gold analytics. In this chart, the price declined to support 2, which coincided with the support zone, and some time traded near this level and then rebounded up to support 1. Then Gold turned around and dropped to support 2, and when the price reached this level, it broke it and declined a little below. After this movement, the price in quickly rose back to support 2 and then some time traded in the support zone. Later price made a correction movement again and then started to grow inside an upward channel, where it soon broke support 2. In the channel, the price fell to the trend line, which is the support line of the channel also, and then continued to move up next. Some time later Gold rose to support 1, which coincided with one more support zone and broke this level. Soon, the price rose to the resistance line of the channel and then made a correction to trend line, but a not long time ago it rebounded and continued to rise. For this reason, I expect that XAUUSD will rise to 2800 points inside an upward channel. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
29
BTC's exhausting rangingBINANCE:BTCUSDT Bitcoin's ranging made me tired! look at this chart! It's gonna go below 100k once again and only support it has, is around 102k. if the support is lost, we can see it reach around 96k once again. ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Short
by CRYPTONIC_trend
SWFT is showing bullish strength upon breakout of bullish flag!It appears as though the RSI is cooling off and SWFT may consolidate in the .035c-0.030c range before the next leg up.... One thing I have noticed is the price does not consolidate for too long which indicated a whale or two are gobbling up any SWFT they can get their hands on... Expect a gap up to the top of the ascending channel in the immediate term. Where are all my Swifties at!!! If we do see a sell off I dont expect the price to stay in the 0.03c range for very long. Don't swim against the current, ride the wave & be brave!
COINBASE:SWFTCUSD
by satoshi123
Gold (XAU/USD) Reverses from Resistance – Is a Sell-Off UnderwayGold (XAU/USD) Hits Resistance and Faces Reversal – Is the Sell-Off Beginning? Gold surged to test the upper boundary of its ascending channel, touching key resistance. However, bullish momentum seems to be fading as sellers step in, pushing prices lower. This could signal the start of a pullback, potentially targeting mid-channel support or even the 200 EMA. If buyers fail to reclaim control, we may see a deeper correction. Eyes are now on the next key support levels—will gold find strength, or is a larger sell-off underway?
OANDA:XAUUSDShort
by MrStellanSight
Descending Channel on EUR/NZD @ D1A descending channel pattern formed on the daily chart of the EUR/NZD currency pair following a month-long uptrend. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss can be set to the low of the candle preceding the breakout candle. It's not shown on the chart. I will ignore bearish breakouts from this descending channel formation.
Long
by AndriyMoraru
Bitcoin Faces Resistance for the 7th Time—Breakout or Rejection?Bitcoin ( BINANCE:BTCUSDT ) is attacking the Resistance zone($107,300-$105,400) for the seventh time ; even in one of these attacks , it created a Bull Trap . During the last two to three days , Bitcoin has formed an Ascending Channel(Black) and another Ascending Channel(Purple) in the 15-minute time frame . According to the theory of Elliott waves , Bitcoin seems to be completing microwave 5 of the main wave 5 , and we can expect corrective waves at least up to the upper line of the descending channel(broken) . I don't expect Bitcoin to succeed in breaking the Resistance zone($107,300-$105,400) in the seventh attack , although there is positive news around the crypto market , but I think we need a stronger stimulus to break this resistance zone (real news) . Cumulative Short Liquidation Leverage: $108,218-$106,476 Cumulative Long Liquidation Leverage: $104,460-$103,911 Note: The negative point is that the upper line of the descending channel was not broken with a large volume, so we hope for the break of the Resistance zone($107,300-$105,400). Note: If the lower line of the ascending channel(Black) is broken, we can expect further decline and filling of the CME Gap($101,525-$100,375). Note: If Bitcoin goes over $108223, we can expect more pumps and maybe a new ATH. Can Bitcoin break the Resistance zone($107,300-$105,400) and create a new All-Time High(ATH)!? Please share your ideas in the comments. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
12
Gold Wave Analysis – 31 January 2025 - Gold broke resistance area - Likely to rise to resistance level 2789.00 Gold recently broke the resistance area located between the key resistance level 2789.00 (which stopped the previous sharp impulse wave (3) in October) and the resistance trendline of the daily up channel from November. The breakout of the resistance level 2789.00 accelerated the active short-term impulse wave 3 of the higher impulse sequence (5) from November. Given the strong daily uptrend, Gold can be expected to rise further toward the next resistance level at 2850.00 (the target price for the completion of the active impulse wave 3).
FX_IDC:XAUUSDLong
by FxProGlobal
GOLD → The new ATH is not the limit. What are the new targets?FX:XAUUSD updates ATH to 2800 and at the same time bulls are consolidating above the previously broken high, trying to form a base for continued gains Gold updates all time high to $2800, amid a weaker US dollar and the threat of high tariffs from Trump, who again warned of possible 100% duties against BRICS countries, as well as a 25% tax on imports from Canada and Mexico, which boosted demand for protective assets. Investors are waiting for the US PCE Core Price Index data to gauge the Fed's next steps. Technically, now the focus is on 2 levels: 2798.5, which is a trigger for the continuation of growth and support at 2785, behind which there is a huge pool of liquidity. Gold needs to overcome 2798.5 to continue rising, but before that a retest of the support may be formed due to the liquidity under the level. Resistance levels: 2798.5, 2800, 2810-15 Support levels: 2790, 2785, 0.5 fibo In general, gold has a bullish price movement. There are no hints of a trend breakdown, so the chance for the continuation of the growth is quite high and it can happen either when the trigger is broken or after a small consolidation or correction before the news. Emphasis on the previously mentioned levels and news. Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
Gold can reach resistance line of channel and then start declineHello traders, I want share with you my opinion about Gold. Observing the chart, we can see how the price entered to upward channel, broke the 2620 level and reached the resistance line of the channel. After this, Gold made a correction to the buyer zone and then turned around and quickly rose back. Then the price made a correction again and continued to move up inside the channel, and soon it reached the second support level (2700) which is located inside the support area and at once corrected to the support line of the channel. Next, the price some time traded near this line and soon reached the 2700 level and broke it, after which made a retest and continued to move up next. Later Gold rose to the current support level, which coincided with one more support area, and corrected the support line of the channel. Price some time traded near this line, again, and later rebounded up to the 2780 level and broke it too. At the moment, the price continues to move up and I think that Gold can reach the resistance line of the channel and then start to decline to the support line, breaking the support level. That's why I set my TP at 2770 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
XVG - on the "VERGE" of breaking out!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 XVG has been in a correction phase trading within the falling blue channels. 🏹As XVG approaches the lower bound of the channels, which lines up perfectly with the demand zone marked in red, it would be an attractive zone (at least for me) to look for longs. 🏹On the other hand, for the bulls to take over long-term, a break above the last major high marked in blue around $0.015 is needed. 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
Long
by TheSignalyst
7
USDCHF → The bullish trend may get its continuationOANDA:USDCHF is entering the realization phase after a prolonged correction. A favorable background is created by the uptrend and rising dollar The technical outlook on the daily timeframe is very good. The price after breaking the trend resistance tested the previously broken line. The currency pair after the false breakout managed to consolidate above the key point, marking an interim bottom and further prospects. Technically, the focus is on the resistance at 0.911, if the bulls can overcome this area and consolidate above this level, the currency pair will be able to realize a rise to 0.918 - 0.93. Resistance levels: 0.911 Support levels: 0.90555 Before breaking the resistance, the currency pair could test 0.90555 due to the liquidity generated below this area. But, the trigger that can provoke further growth is 0.911 Regards MARKET ANALYZER
Long
by MarketAnalyzar