Parallel Channel
EURO - Price can continue to decline inside falling channelHi 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 it made the first gap, after which broke $1.0810 level.
Then price made a second gap and some time traded near $1.0810 level, after which bounced and continued to grow in channel.
Later EUR made a third gap and reached $1.0920 level, but at once bounced and fell little below.
After this movement price made an upward impulse, thereby breaking $1.0920 level and exiting from rising channel.
But soon, Euro turned around and started to decline inside falling channel, where it recently broke $1.0920 level again.
Now, I think price can make a small movement up and then continue to decline to $1.0850 in falling channel.
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GOLD → False breakdown. Will we return to the bullish trend?FX:XAUUSD is entering the correction phase after a false breakdown of trend resistance and the previous ATH. The fundamental background is changed by Thursday's news that supported the dollar.
Overall, the environment on D1 is still bullish. If the price finds a strong support in the near future, for example 2390-2400, this area may get the status of an intermediate bottom, thus forming a new trading range.
There is no news today, thus the fundamental background remains the same. Trading has been complicated lately by the presidential race in the USA. The statements of Powell, politically dependent Fed, Trump can be perceived by traders quite strongly. But the medium-term outlook is determined by the fact that politicians are generally set to lower the dollar, which is generally favorable for gold, which may soon return to the bullish trend phase (locally)
Resistance levels: 2420, 2429, 2450
Support levels: trend, 2402, 2900
Technically, the price may continue the correction to trend support, but due to the pool of liquidity in the area where the price may land within the correction, gold may get a reaction in the form of a bounce to the nearest resistance
Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;)
Regards R. Linda!
BBUSDT → The key value of the zone is 0.480BINANCE:BBUSDT does not fall after the false breakdown, but goes into the phase of consolidation. Buyers are resisting. Retest of the key resistance may lead to a breakout and rally.
Fundamentally active recovery is connected with bitcoin rally. The flagship is pulling the cryptocurrency market with it. Technically, the situation is developing in a bullish scenario. It is worth paying attention to the resistance at 0.48.
On D1-H4, the market confirms the bullish market structure and is currently in the correction phase. If buyers continue market consolidation near the resistance and gradually start pushing towards 0.48 resistance, then in this case we should expect a breakdown, price consolidation above the level with further growth towards the mentioned targets.
Resistance levels: 0.48, 0.575
Support levels: 0.45, 0.463
It is not excluded that sellers may hold the resistance, in this case the price may go down to 0.7-0.79 fibo before further growth. But, the focus at the moment is on the resistance 0.48, once it is broken, despite the specific scenario, only then the coin will start an active growth phase.
Rate, share your opinion and questions, let's discuss what's going on with ★ BounceBit / Tether ;)
Regards R. Linda!
Bitcoin can reach 68K points and then start to declineHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago rebounded down and then started to grow inside the upward channel, where it soon reached the resistance line, but at once made a correction to the support line. After this movement, the price rebounded from the support line and quickly broke the 56900 level one more time, which coincided with the buyer zone and some time traded near this level. Later Bitcoin fell to the support level and at once bounced and continued to grow to the resistance line of the channel, which their moment coincided with the current support level. Price exited from the channel and made a fake breakout of the 63900 level, after which started to trades inside the wedge, where it rebounded from the support line and rose to the resistance line, breaking the 63900 level again. After this movement, BTC corrected to the support area, where it reached the support line of the wedge and made an impulse up, exiting from this pattern. Recently, the price reached 67000 points, and now trades a little below, so, I think the price can rise to 68000 points and then start to decline to the support level. For this case, I set my TP at 63900 level. Please share this idea with your friends and click Boost 🚀
Potentially huge rally in $SEI brewingMy chart is a pair analysis, showing the ratio of SEIUSDT to TOTAL3 (multiplied by 10^15 to make scale visible). It shows that SEI is a "high beta", "momentum" coin relative to the rest of the market and trades very cleanly, respecting moving averages.
I see a potential for SEI to outperform the market by as much as 500% over the coming weeks/months. Could mean anything between 10x and 100x in absolute terms, assuming the market rallies as well. The trigger would be a break of moving average to the upside.
Bitcoin Roadmap==>>4-hour Time FrameBitcoin made the corrections I had expected in previous posts .
Bitcoin is currently moving in the Support zone($63,410-$62,280) .
According to the good news from the crypto market , we should expect an increase in Bitcoin at least until the end of July, when the annual Bitcoin conference is in a few days.
According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . If the upper line of the descending channel breaks, we can confirm its end .
I expect Bitcoin to rise to at least the Resistance zone($68,000-$66,170) .
Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰.
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BITCOIN → Fear in the crowd is a bullish sign ↑ Flag and SFPBINANCE:BTCUSD is experiencing times of high fear and negative sentiment among the crowd. From a psychological point of view, this could end in a bullish momentum. But there is always a but!
For now, big buyers are actively holding back a possible fall amid transfers of the previously hacked crypto exchange Mt.Gox to its debtors and BTC sell-offs by German authorities:
Germany will get rid of all its BTC in two days. (at the current pace of sales).
Yesterday, 16,038 BTC were transferred from the country's government wallet to various crypto exchanges and market makers.
Since June 19, 26,071 BTC have been sold.
There are only 23,788 BTC left on the wallet
In April, the average cost of BTC mining among the largest public miners was $53,000, technically, the level of average cost of BTC mining plays the role of an intermediate bottom.
Judging by the growth of volumes and price entry into the area of the lower boundary of the "flag" pattern, buyers appear on the market and at the moment stop the price fall, forming a sideways range of 58500-53500. Accordingly, a breakdown of one of the boundaries may trigger an impulse to one side or the other, based on the technical nuances there is a probability that there will be an attempt to break the resistance.
Resistance levels: 58500, 64000
Support levels: 53500, 53000
Fundamentally, the environment is difficult due to Germany and Mt.Gox, but investors are waiting for the approval of ETH-ETF, which may bring back the bullish mood to the market (indirect impact on BTC).
Technically, the emphasis is on the range. A break of 58500 will give bullish momentum, a break of 53500 may allow the price to decline to the 50500-51000 risk zone
Regards R. Linda!
EURCAD: Time to Buy 🇪🇺🇨🇦
EURCAD will most likely keep growing.
After a correctional movement to a key horizontal support,
the price bounced and violated a resistance line of a bullish flag pattern.
The release of Canadian fundamentals also strongly support the pair.
The price may reach 1.4957 level soon.
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Nifty closed just below 50 hours EMA.Nifty has closed 1 point below the 50 Hour EMA at 24530. (Mother line) - to know about the Mother, Father and Small Child story read The Happy Candles Way to Wealth creation available on Amazon. Supports for Nifty now remain at 24509, 24359, 24211 and 23985. (23985 is a very important 200 hours EMA support). Resistances for Nifty will be at 24351 (50 hours EMA), 24599 and channel top resistance near 24854. Hourly RSI has cooled down from 70 which was on 18th July to 42.5. RSI support is at 38.07 and 22 levels these are the two levels after reaching which there can be a chance of a bounce back. As of now shadow of the candle is weak red.
AVAX: Scouting The Best Entry After More PAINAVAX has been trading inside this bearish channel for several years at this point. It's very plausible that AVAX will break through the top resistance if BTC keeps going up, hence the reason that this is not a short-signal, but rather a "buy from here if we go down again" - signal.
IF AVAX starts losing value again, I'm keeping an eye at the bottom support of the channel to make a long-term bullish entry. Remains to be seen whether this support will ever be hit again, but better to be prepared in case it does!
FLOKI Bullish Channel: Pump Incoming?With BTC reversing after weeks of selling, it's to be expected that alts will follow suit.
FLOKI has reversed from the bottom support of the bullish channel, making way for a move towards the top resistance.
I'm waiting for a small drop in order to enhance the R/R of this trade. Target around the top resistance, stop below the recent swing low.
US Dollar Index (DXY): Important Breakout 🇺🇸I noticed a strong bullish signal on Dollar Index, as it formed a double bottom pattern on a 4-hour chart and broke through a resistance line in a descending channel.
The highlighted blue area indicates a good buying opportunity due to a broken horizontal level and trend line. It is expected that the pair will continue to rise towards the 104.54 level.
Next LTF target at 61-62k zone, with support at 60.7kI anticipate sell-side liquidity at 61-62k (a target of Anti-shark pattern) will be taken shortly. Gray and red boxes indicate support and resistance, respectively.
Another Win in EUR/USD! 3rd Profitable Trade in a Row! Consistency is key in forex trading, and today I’m excited to share my third consecutive winning trade in EUR/USD! 📈💥
Brace for landing BTC support line within kissing distance$64.2k support may be breached, bull run likely into FWB:67K ?
TRUMP SPEECH TOMORROW all things considered!
NZDCHF - Wait For It...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈NZDCHF has been overall bullish , trading within the flat rising wedge marked in blue.
Currently, NZDCHF is undergoing a correction phase in the shape of a falling channel in red.
Moreover, it is retesting massive support in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue/red trendlines acting as non-horizontal support.
📚 As per my trading style:
As #NZDCHF 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
HelenP. I Euro will rebound up from support zone to $1.0995Hi folks today I'm prepared for you Euro analytics. Some time ago price declined to the trend line and at once rebounded and started to grow inside the upward channel where quickly rose to support 2, which coincided with the support zone. After this, the price made a small correction and then broke support 2 and rose until to resistance line of the channel, after which made a first gap and then fell to the support zone. Next, Euro tried to grow, but failed and fell back, after which turned around and made impulse up to support 1, which coincided with one more support zone. But the price rebounded from this level, made a second gap, and later dropped to the trend line, which is the support line of the channel too. After this movement, the Euro rebounded up from this line, broke support 1, and just now traded near the support zone. For my mind, EURUSD will rebound up from the support zone and rise to the resistance line of the upward channel. That's why I set my goal at 1.0995 points. If you like my analytics you may support me with your like/comment ❤️
Euro can start to decline from resistance line of upward channelHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price started to grow inside the upward channel, where it at once declined to the support level, which coincided with the buyer zone and soon bounced up. Price in a short time rose to the current support level, which coincided with the resistance line of the channel with the support area, and then quickly fell to the support line of the upward channel. Then Euro reached the support area, after which turned around and made a downward impulse to the 1.0730 level, thereby exiting from the channel and forming a first gap. After this movement, the EUR tried to grow but failed and dropped lower than the 1.0730 level, thereby breaking it, but later price turned around and started to grow in another one upward channel. In this channel, the price soon broke the 1.0730 level and formed a second gap, after which made a retest and continued to move up. Later Euro rose to the current support level, broke it, making the last gap, and a not long time ago it rebounded up to the resistance line of the channel, where continues to trades very close to this day. So, I think the price can rebound down from the resistance line to the support line of the upward channel, breaking the support level. For this reason, I set my TP at 1.0835 points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀
BITCOIN - Price can make small correction and then continue growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price traded inside flat, where it bounced twice from support area, and on a second try it started to grow.
Price exited from flat and continued to grow in rising channel, where firstly it reached resistance line.
Then BTC made a correction to support line, after which bounced and in a short time rose to $64100 level.
Bitcoin at once bounced from this level and fell a little, but soon turned around and finally broke it.
After this, price rose to resistance line and not long time ago made a correction to support level.
Possibly, price can decline even lower than support level and then bounce up to $68000 resistance line of channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
EURUSD: Detailed Technical Outlook & Bullish Continuation The EURUSD is currently in a strong uptrend on a short-term chart, moving within an ascending parallel channel.
The price reached a new high on yesterday, breaking through a significant horizontal resistance level.
This indicates strong buying pressure and suggests the possibility of continued growth, with the next resistance level at 1.0964.
GOLD → $2500 is the psychological target. What happens next?FX:XAUUSD is flying upwards after ATH breakout. Powell's comments were positive for the market, which is generally reflected in the dollar and gold. The fundamental and technical background is favorable
Powell's comments about more progressive deflation are favorable for the market, the dollar is falling on this background and there is no end in sight yet. The Feds are considering the situation about prematurely lowering the interest rate without waiting for inflation to fall to 2%. The dollar index is moving into the sell-off phase, which allows gold to update ATH to 2482.
Technically, on H1 resistance is formed at 2482, breakout and consolidation of the price above that level will provoke another rally, within which the price may reach 2500-2525-2550. There is a lot of support, but from above there is emptiness and there are no obstacles. Heated investor interest may lead to a more global ATH.
Resistance levels: 2482, psychological 2500
Support levels: 2463, 2456, 2450
Formation of consolidation before continuation of growth is not excluded. In this case, the price may test the liquidity zone 2463, or imbalance zone located in the area of 2456-2450. But the trigger for the growth continuation will be the break of the indicated resistance.
Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;)
Regards R. Linda!
EURUSD → The bulls can take us to 1.100 ↑FX:EURUSD maintains a bullish structure. Ahead is the key resistance from which a pullback may follow before further growth.
On Saturday, there was high-profile news related to the attack on former US President Trump. The markets expected a more violent reaction from the opening, but in general only a small gap was created and it was dealt with rather quickly. Accordingly, the situation is stable. Fundamentally, everything is positive enough with the aim of continuing growth, but today at 16:30 GMT Powell speaks and it is worth to pay attention to his speech.
Technically, the key resistance at 1.0916 is ahead, from which a pullback may follow, as this strong area will not be broken at the first time.
Resistance levels: 1.0916
Support levels: 1.08522
There is a high probability of a rebound from resistance. As part of the correction, the nearest liquidity area may be tested before the subsequent retest of resistance, breakout and growth to 1.10
Rate, share your opinion and questions, let's discuss what's going on with EURUSD ;)
Regards R. Linda!
