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Parallelchannels

[Ethereum] Is it really the bottom?? Will it fall more?#Crack #Ethereum #ETHUSD #Binance #Daily - Ethereum is testing the support of the section $1,651.51-$1,786.12, which provided strong support from May to July of 2021. - The Fibonacci expansion of the bear trend was supported by the 0.618 level, and VP was made, but the 0.618 level support failed in the bear trend that appeared the previous day. - The possibility of further declines should be kept in mind because of the bear trend that emerged while making a VP at the centerline of the ongoing bear trend. - If the bear trend proceeds, we can see the possibility of a bear trend to $658.95-$752.49, where the 1st level of the Fibonacci extension of the bear trend is located at the bottom of the bear trend. - If the support of the strong lows fails at $1,651.51-$1,786.12, it is highly likely to turn into strong resistance, so it is better to avoid buying in the long term. - If the $1,651.1-$1,786.12 support is successful, we can expect a bull trend to break out the $2,160.98-$2,301.88 resistance, which is located at the bottom of the bullish channel. - If a settlement is confirmed after breaking out the $2,160.98-$2,301.88 resistance, it seems that a long-term buy response can be attempted. - As the current rsi candle indicator continues to show low signals, a trend reversal can be expected. As mentioned above, in the case of a failure of the $1,651.51-$1,786.12 support, a long-term bear trend can continue.
BINANCE:ETHUSD
by Tommy_Trader
1
New Trading Range! Risk Management Is Key At These Levels!Bitcoin fell out of one of its trading channels and has found support in the channel below. this new change will produce 2% swings. Lets see if it will stay in the new channel for a while. If it does, we can scalp a few trades with a tight stop-loss. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
BITSTAMP:BTCUSD
by rnaofs
$EURUSD - Channel breakoutHi guys! 👋🏻 🔔 The FED's rate hikes announcements are not the only factors which weaken the DXY 🔔 GB retails sales and German PPI beat the forecasts today and gave these two pairs a smooth boost. 🔔 US had a negative home sales and jobless claims data announced yesterday. Petrol prices hit records, yet FOMC Chairman noted that to beat the inflation the FED will continue rising rates and ready to sacrifice the US economy. 🔔 The technical analysis already pointed the strength of Euro when it stopped it's decline at 1.0367, and now EURUSD seems to continue it's local uptrend move but needs to close above the channels upper border. When the breakout is confirmed, the uptrend could continue up to 1.073 - 1.076 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
[Bitcoin] Convergence bearish breakout! Bearish or extention?#Crack #Bitcoin #Binance #Daily - Without breaking the resistance of $30,444.93 mentioned in the previous briefing, it looks like Bitcoin ended with a bearish convergence due to the emergence of a sell-off. - We need to prepare for a bearish trend, but we also need to keep in mind the possibility of an extended convergence. - A successful $28,715.32 support suggests the possibility of a rebound and extension of convergence, while the $30,444.93 and $31k-$31.6k resistances remain important resistances to break out. - If the $31k-$31.6k resistance is broken, we can expect an bull trend towards the green box with the bottom of the blue bull channel. - If the $28,715.32 support fails, further bearish trend can be expected due to the downward departure of the triangular convergence, and a decline to $22.7k-$23.8k or $17.1k-$19.7k can be expected.
by Tommy_Trader
1
ETHEREUM-A reversal pattern is possible Hello everyone From my last analysis on ETHUSD we had the crash of LUNA and the news from federal reserve.These two incidents made the market fall to this level. For Ethereum,this trading range on 4 hours chart lasted too long, so I believe it's safe to call it a last bear flag and waiting for a reversal,preferably a double bottom.At the current market the support levels are 1950$ and the channels bottom line on 1900$ and EMA 20 if you use one , for resistance we have 2150$. By the way, if you are trading this asset on smaller time frames you may see a bull flag on 1H or lower.
by HubAlgo
[Bitcoin] Failed to break out $31k resistance.Will $28K support?#Crack #Bitcoin #Binance #Daily - Buy signals for inflection are shown in the rsi_candle and racd indicators, but Bitcoin failed to break out the $31k-$31.6k resistance and is showing signs of hang back once again. - In the rsi_candle indicator, the oversold signal rebounded with the appearance of a golden cross in the racd indicator, but the rebound failed, so I think we need to prepare for a further bearish trend. - It is still difficult to have expectations for an bull trend. Even in the appearance of past auxiliary indicators, a trend reversal after a press/up appearance after a signal often appears. Therefore, I believe it is not too late to respond after showing a proper rebound. - If a low with the bottom long tail of the candle appears in the near future, this may signal the start of a rebound. However, even if a rebound occurs, if the retest resistance at the bottom of the blue target channel located near 35k is not broken, it may show a confirmation of the $28k support again. - The section to expect support and resistance during a bearish rend or bull trend is the same as the section described in the previous briefings.
by Tommy_Trader
2
ACMUSDT | Falling Parallel Channel - Bullish DivergencePrice action and chart pattern trading > Falling parallel channel correction - Entry @ Pullback > Target upper parallel channel resistance / SMA50 > 2nd target at key volume profile resistance level > Stoploss at the lowest LLS bullish candlestick > RRR: 3:1 Indicator: > Smart money strong volume support > Banker chip multiple entries > Fundflow RSI bullish divergence signal coming out of the oversold zone > KDJ stochastic bullish divergence > BBD signal bullish approaching baseline indicating stong uptrend swing Always trade with affordable risk and respect your stoploss
Long
by dukeposh
ADA above last support zone#ADA/USDT $ADA weekly chart shows price is above middle line of descending channel that is the same with long term support zone. this support zone is between 1.272 and 1.414 fib level of last weekly swing high. 🐻 if price break down from 1.414 fib level it will continue its downtrend to lower line of channel that is the same with 1.618 fib level which is below $0😁!! 🐮 so price should hold this support and maybe in short term or mid term it has sideways moves to help bulls gather strength, and start a new rally in long term.
by parissap
[Bitcoin] Attempt to reboud at $29.8K, how far can it go?#Crack #Bitcoin #Binance #Daily - Bitcoin is trying to rebound after falling to the $28.1k-$29.8k section, which was importantly mentioned after the last briefing. - The green trend line connecting the low on January 4 and the low on June 22 also shows a rebound in the overlapping section and a signal of the possibility of a continued trend reversal in the RACD candle indicator, so if the 31k-31.6k resistance is broken, $35,071 and blue bullish channel lower resistance retest draws an bull trend. - A break of $35k is important if a strong rebound occurs. Even after the breakout, the $35k support retest should be successful until the $37.8k-$39.4k resistance breakout, where the lower resistance of the bearish flag pattern is located. - If the $28.1k-$29.8k support fails after the failure to break out the $31k-$31.6k resistance, as mentioned in the previous briefing, a decline to the $10k-$12k should also considered in the future scenario.
by Tommy_Trader
2