Get started

Parallel Channel

SILVER (XAGUSD): Detailed Technical Outlook & Buying Signal ↪️Silver is currently experiencing a slight downward trend in its trading on a daily chart. It is following a falling parallel channel and has recently consolidated within a horizontal range on a 4-hour time frame. A bullish breakout above the support of this range indicates strength from buyers and suggests potential for further growth. The first target for this upward movement is the current local high of 29.03. However, if the price rise above this level, it may grow to at least 30.00 psychological level then.
TVC:SILVERLong
by linofx1
USDJPY Analysis==>>Falling Wedge PatternUSDJPY is moving in an Ascending Channel and Falling Wedge Pattern . According to the theory of Elliott waves , USDJPY seems to have succeeded in completing corrective waves in the Falling Wedge Pattern . I expect USDJPY to rise to at least the first target after breaking the upper line of the Falling Wedge Pattern . U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; 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.
Long
by pejman_zwin
24
HelenP. I Bitcoin will continue to move up inside upward channelHi folks today I'm prepared for you BTCUSDT analytics. If we look at the chart we can see how the price a few moments ago reached support 1, which coincided with support zone and at once rebounded and quickly dropped to support 2. Then the price broke this level and fell to the trend line, after which turned around and started to grow inside the upward channel. Soon, BTC broke support 2, which coincided with one more support zone, and rose until to the resistance line of the channel. After this, the price made a small correction movement and then broke support 1, but some time later it turned around and dropped to the trend line, which is the channel's support line. Then price rebounded and rose higher than support 1, breaking it again and at the moment, the price continues to grow in an upward channel. For my mind, BITCOIN will little correct and then continue to move up, therefore I set my goal at 73850 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
9
After exiting of pennant, Gold can make retest and continue riseHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price started to grow inside the upward channel, where it rebounded from the support line at once and quickly rose to the resistance line. Then XAU made a correction to the support line, after which continued to grow inside the channel to the resistance level, which coincided with the seller zone. Soon, Gold broke the 2430 level and rose higher than the resistance line, thereby exiting from the upward channel. Next, the price entered to pennant, where it at once turned around and started to decline. In a short time, the price dropped lower 2430 level, breaking it, after which tried to grow but failed and declined more. Gold fell firstly to the 2375 support level, which coincided with the buyer zone, and soon broke it and fell until to the support line of the pennant. But then, the price started to grow from this line and in a short time rose higher than the 2375 level, breaking it and recently exited from the pennant also. At the moment, I think Gold can make a retest, after exiting from pennant and then continue to grow to the 2430 resistance level, therefore I set my TP at this level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
2
BITCOIN - Price can bounce from support line and start to growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to falling channel, where it at once broke $69500 level and continued to fall. In a short time later, price reached $59000 level and then bounced up to resistance line of channel. After this, BTC turned around and fell to support line of channel, breaking $59000 level, after which turned around. Price exited from falling channel and started to grow another one channel, where it soon broke $59000 level again. Later Bitcoin reached $69500 resistance level, but a not long time ago turned around and started to fall to support line of channel. Possibly, price can fall to support line and then bounce up to $72000, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
7
GOLD (XAUUSD): Detailed Technical Outlook Here is a quick recap of my Gold analysis on a today's live stream. The market is currently trading within a bullish flag pattern on a daily. After the price reached a daily horizontal support, it bounced and tested a resistance cluster based on a trend line of the flag and a horizontal structure. I believe that a bullish rally will resume after a confirmed breakout of the underlined horizontal area and a trend line with a daily candle close above. Today's US news can be a catalyst. The price may also respect the underlined resistance cluster, following the negative news. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1
STORJ / USDT → Wedge breakout with trend change target BINANCE:STORJUSDT shows positive dynamics to the change of trend and the beginning of bullrun. The coin is moving to the phase of implementation of a pattern that can change the direction of the market. Bitcoin sets the general trend of the cryptvault market. The general fundamental background, which is formed around BTC and ETH sets positive prospects for other altcoins, which can still surprise us. Technically, STORJ is coming out of consolidation and is essentially entering the distribution phase. A false break of the key resistance is formed, which can be broken after the next retest. High probability of a small correction before a subsequent attempt to break through this zone and enter a new range of 0.500 - 0.900. Resistance levels: 0.4882, 0.6034 Support levels: 0.5 Fibo, 0.3530 The task of the bulls is to keep the defense above the key support, if it succeeds, the next target will be the breakout of resistance and bullrun. Regards R. Linda!
Long
by RLinda
1
GOLD → Retest resistance before a breakout. What's next?FX:XAUUSD has been strengthening since the opening of the session and is testing the 2400 zone. The market is getting bullish again, but at the same time it is at a strong resistance. The focus is on 2393.0. There is no news today and the overall situation is stable. Gold has no obvious reasons for a possible strong fall. Markets are waiting for the confirmation of the progression of US deflation with the subsequent hints on the soon reduction of interest rates. The fact itself is favorable for gold. Technically, the focus is on the edge of the range 2393. Consolidation of the price above this area may well influence further growth, but it is necessary to follow the descending resistance, because it will be difficult to pass this area from the first time. Resistance levels: 2400, 2430 Support levels: 2393, 2384, 2377 Technically and fundamentally everything is quite positive. We should expect a retest of resistance with subsequent growth, but it is not excluded that before the active recovery phase there may be a retest of support, for example: 2387, 2382 or 2377 Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
ETHEREUM → False breakdown of MA-200 could lead to a BULLRUN ↑ BINANCE:ETHUSD in the correction phase, testing zones of interest (0.5 fibo and MA-200), forming a false breakdown, which in general can lead to a strong upward movement supported by strong fundamentals. Fundamentally, ETH is quite positive. ETH-ETFs were launched on July 23 and continue to gain momentum. The correction, which has been observed for the last two days is mainly due to the outflow from GrayScale (exactly the same scenario was with BTC), also a slight pressure is created by the situation with Mt.Gox, but against the background of BTC transfers to exchanges and their distribution among its debtors, bitcoin is strengthening, such behavior of the flagship indicates support for eth. Technically, the price is forming a correction to 0.5 fibo relative to the bullish momentum as well as a retest of the Daily MA-200, forming a false breakdown with a fairly aggressive buyback, indicating the presence of a strong buyer who is not ready to go down beyond $3000. Resistance levels: 3357, 3540 Support levels: 3200, MA-200 The main task of the bulls is to keep the defense above the zone of interest at $3200. Further it remains to wait for resistance retest with the purpose of its breakthrough and further bull run to $4000 - $4500 - $4900. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD Regards R. Linda!
Long
by RLinda
15
BITCOIN → Intend to test 74K but what's next? ↑BINANCE:BTCUSD is strengthening by 25% from the intermediate bottom and after retesting the support of the classic “FLAG” pattern. The fundamental and technical background is positive enough to consider further price growth July 9 Idea: BITCOIN → Fear in the crowd is a bullish sign ↑ Flag and SFP Fundamental Situation: the market is waiting for the launch of ETH-ETF on July 23, which could be another positive lever for the cryptocurrency market. Trump, who has recently become a strong supporter of cryptocurrencies, is increasing his chances of re-election. If he wins, the market will take it very positively. Well, and other local nuances: High-ranking politicians in the U.S. are reconsidering their views on bitcoin. SEC is also smoothly changing its position towards cryptocurrencies. Technically, a classic bullish FLAG pattern is forming on d1. The nature of the range is consolidation. At the moment there is a high probability of retest of strong resistance 71700 or ATH retest, but only after the retest of these zones it will be possible to follow the formation of prerequisites for the breakout of global resistance 73800. Resistance levels: 67250, 71750 Support levels: 63800, 59300 Technically, the price is now in the channel 67250 - 63800. The situation is favorable for resistance breakout, which will open a new way to the nearest resistance. Now we can't say about possible ATH renewal. It is necessary to keep watching how the price will approach the key boundaries of the range. In the mid-term I consider a breakout of 67250 with further growth to 71700-73800. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
43
USDJPY → Weak dollar + intervention = bearish trend ↓FX:USDJPY breaks the 157.7 zone after a small consolidation. Powell's comments about more progressive deflation favor the market, the dollar is falling on this background and the end is not seen yet... Fundamentally, the weakening dollar and the ongoing interventions of the Central Bank of Japan have quite a strong impact on the exchange rate, but it is worth being careful. Previously, this market reaction was quickly bought out by traders who still have little faith in the continued strength of the JPY. Technically, if the dollar continues to liquidate, such a strong fall could bring the currency pair down to global lows. There is a strong liquidity zone ahead. Possible activation of orders in the risk zone, which may provoke a pullback before a further fall or a strong impulse, which without a pullback will knock out all market participants and the price will fly downward Resistance levels: 157.18, 157.7 Support levels: 154.5, 151.86 At the moment everything is obvious, fundamental and technical nuances are telling about further decline. We should pay attention to the nearest zone of liquidity and price reaction. Regards R. Linda!
Short
by RLinda
4
XRP → The moment before “to the moon” ↑BINANCE:XRPUSDT is the strongest of the market. As ETH & BTC fall, ripple is holding quite positively as traders are starting to believe in growth amid rumors... Ripple CEO recently said that he expects a legal resolution to the situation between the SEC and Ripple “very soon” Many are speculating that the SEC's closed-door meeting to finalize the case against Ripple could take place today - July 25. Against this backdrop: Trading volumes are rising, price is hitting local highs, whales are accumulating XRP Technically, it is worth paying attention to the 0.6378 - 0.5712 range. If breaking the resistance fails, the price may test liquidity below the support before subsequent growth. Resistance levels: 0.6378, 0.7440 Support levels: 0.5712, 0.5100 If the trial finds its denouement, it will give a second life to the coin. A break of the range resistance - 0.6378 will open a new path.... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSDT ;) Regards R. Linda!
Long
by RLinda
25
GOLD → seems bearishhello guys. Let's analysis gold - Current Trend: Bearish - Chart Patterns: - Descending Trendline: Indicates downward pressure on prices. - Key Level: $2404 - $2,400 identified as an entry-level for selling. - Support Levels: - $2,338.842: Strong support area, a potential target for the current bearish trend. - Price Action: - Recent rejection from the entry-level suggests further downside. - Prices are expected to move towards the $2,338.842 support level. The chart indicates a bearish trend with potential selling opportunities around the $2404- $2,400 level, targeting the support level at $2,338.842. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDShort
by melikatrader94
5
$LULU counter trend rally?I've seen a lot of chatter on Twitter lately about NASDAQ:LULU since it's now 40% off the highs from the beginning of the year... this led me to look at the chart, and to me it's looking pretty bottomed out in the short term. As you can see on the chart, we've largely been ranging in a large channel since 2021. It would make sense to me that we'd see one more counter trend rally here (3rd touch on support) up to $384-$465 or so (around 40%-70% move higher). Note: There's also a possibility of a wick down to the support at $273. This might make a better entry. Losing that support level would invalidate the idea. I think this move is likely to play out sometime over the next 2 or so months (if that support holds). Let's see if it plays out.
NASDAQ:LULULong
by benjihyam
Euro can make small move up and then continue to fallHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price reached the resistance level, which coincided with the seller zone and at once rebounded down. Also, the price entered to triangle, where it at once made first a gap and then dropped until to support line, breaking the 1.0715 level. Next, the price some time traded between this level and later broke the 1.0715 level again and soon exited from the triangle, making a second gap also. After this movement, EUR started to grow inside the upward channel, where it in a short time reached the 1.0890 level and even broke it, making a third gap too. Next, the price reached the resistance line of the channel, after which turned around and dropped to the support line of the channel, breaking the resistance level one more time. Soon, the EUR exited from the channel and continued to decline, so, just now, I think that the Euro can make a small movement up and then continue to decline until to support level, but I set my TP near this level, at the 1.0740 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
GOLD - Price can bounce from resistance line to $2330 levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price bounced from $2330 level and little declined, but soon turned around and started to grow in channel. In channel, price at once broke $2330 level and then continued to move up, until it reached $2425 resistance level. Gold little corrected and then in a short time rose to $2483 points, breaking $2425 level and exiting from rising channel. After this movement, price started to decline near resistance line and soon broke $2425 level one more time. Then Gold tried to grow but failed and continued to decline, but now it trades near resistance line again. So, I think price can reach this line and then bounce down to $2330 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
1
EURO - Price can leave pennant and grow to $1.0890 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where soon broke $1.0850 level and then reached resistance line of channel. Next, price little corrected and then reached $1.0910, after which made a gap and then made movement down. Then Euro made upward impulse to resistance line of channel, breaking $1.0910 level, but then it started to decline. Soon, price left channel and broke $1.0910 level again, after which continued to decline in pennant. In pennant, price declined to support and even lower, to support line of this pattern, but recently backed up to resistance line. Now, I think price can fall to support area again and then bounce up to $1.0890, exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
BTC 72% up target derived from SOL monthly chart due to triangleBTC hard to forecast due to no obvious pattern so look for similar pattern which moves in tanderum with BTC ie SOL - or is it just all one market now ? SOL tria 72% move broken out now, ETF etc Bonk starting to follow so hopefully its real break, SOL.D confirms the break upwards Anyway an alternative way to predict that BTC is about to go into a range between 70-120k eventually try to go higher but cannot. It fits in the upwards channel BTC is in. Overlaying the standard BTC cycle timing which fits nicely to the channel. Suggests the following chart could be a bullish scenario & offer a range play. This fits with the break out over 70k it fits with exceeds round number of 100k by 20% over performance and then BTC could be stuck in a range between its ATH and 100k or until finally running out of steam Aug/Sept/ Oct 2025. With 3 or 4 attempt to break higher there will be a great shorting opportunity. On alts and BTC. Weaker alts 95% falls, stronger ones 50% falls BTC as holding is still the new play not to fall as much in the next bear cycle. Lots more range trading coming into Crypto. This will be nice as crypto moves fast so many chances to go long /short /long / short etc many will not be ready for that and some will make fortunes. Not advice only for education purposes.
BITSTAMP:BTCUSDLong
by William_Playfair
GOLD → There's a chance at the Bullrun. PCE ahead...FX:XAUUSD is testing local channel support and forming a rebound from the liquidity zone. Traders are waiting for PCE data. Favorable inflation data may provide strong support for gold. Traders are waiting for the PCE, any hints of lower inflation may be viewed quite positively, which will generally increase the chance of interest rate cut in September. As we know, low interest rates make gold more attractive. Technically, if we pay attention to the D1 chart, gold is testing a conglomeration of strong support: False break of MA-200 + trendline support, as well as bounce from 2350-2355 support level, which means the approximate area of intermediate bottom of the ranyke and forms a global range of 2485 - 2350. But, the fight for 2350 is not over yet. Resistance levels: 2377, 2392 Support levels: 2370, 2350 Let me remind you that news is unpredictable. Favorable data will influence the possible bull run, but unpredictable ones may provoke sales and price decline to 2350. But, at the moment of analysis, technical and fundamental nuances point to a bull market, there is a chance of growth to 2400-2430. Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
14