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Trendlineanalysis

🔴 MATIC Hello Dear friends The price chart on the daily time is below a downward trend line and so far this trend line has been preserved. The indicator from RSI has issued a negative divergence on the four-hour time frame. And as we can see, the resistance areas are not fully consumed. But we lost support areas in almost every corrective move. Currently, it seems that the possibility of forming a corrective trend is much higher and the possibility of breaking the downward trend line from this range with this movement momentum is very weak. What do you think?
MShort
by BiTBingo
XRP - Cuppin', no cap. Handle It! In April 2022, XRP began it's large and unfortunately rapid price decline. All said and done, price fell ~66%. Since then, the price has been in an accumulation range for roughly the past ~350 days forming a strong base. On Monday, March 23rd, the price action broke above the previous rallies high that was made in September 2022. However, that rally was denied by selling pressure, at the previous resistance point indicated by the red trend line and red arrow. The current uptrend support, as illustrated by the orange trendline under the recent price action, signals that this reversal to an uptrend is confirmed. (Yellow arrows = trend confirmation) However, there is a divergence between price and volume, which means that while this may very well be a trend reversal. Price action could still pull back and test previous support. Any trading set ups, would need to account for this. Based on these signals and indications, I would forecast the price action pulls back if the volume continues to be lacking, followed by continuation of the trend thereby completing the current cup and handle formation.
by SpektreSignal
GBPUSD - DON'T GET DISTRACTED BY THE SELL Hello traders, have a similar bias on GBPUSD? This week we've seen quite sell on GBPUSD which even took out the PWL (Previous Week Low) but does that mean we are currently bearish? Of course NO. GBPUSD is still very much Bullish according to Higher Timeframe narrative. We are currently in Premium so begin preparing for more BUYS immediately price sells to Discount. Externally, we've established we're still bullish so we expect Internal Structure to work in line with that. Internally, we see price has taken out IRL (Internal Range Liquidity) meaning it's likely to buy massively from the 4h Imbalance marked out or from the Order block (which is my preferred entry. Targets: Price will most certainly head towards the previous week high to clear it and give us another BOS (Break of Structure) which will indicate the continuation of the Bullish trend. If this post was useful to you, please do not forget to like and comment❤️.
Long
by Khing_Zulu
BTC Daily chart 26th June 2023COINBASE:BTCUSD was able to break out of the descending channel in a convincing way, only to be halted by the 31k resistance line. BTC is currently building up more momentum to break the 31k resistance line but will probably have to do a little bit of retracing. Either BTC goes full beastmode and breaks 31K, with a valid retest so we are sure resistance was flipped into support. Or, BTC will retrace back for a retest of the upper descending channel line or the 50MA trendline. Both scenarios are bullish for BTC. Alternatively, in a bearish scenario, BTC will drop back into the descending channel, failling to find support on the upper line or 50MA (making the recent breakout invalid).
COINBASE:BTCUSDLong
by Bullissimo
XAUUSD:Gold ready for a technical drop?Immediate delivery of gold has experienced a significant weekly increase, the largest since November, due to concerns about the global financial market's widespread contagion this week. Gold has surged to its biggest weekly gain since November, fueled by concerns over the spread of the global financial market this week. The Credit Suisse crisis has further intensified risk aversion due to the collapse of Silicon Valley Bank, prompting market participants to flock to safe-haven assets. With the 14-day relative strength index (RSI) of gold entering "overbought" territory, if the RSI surpasses the 70 level, it could trigger a technical sell-off for spot gold.
OANDA:XAUUSDShort
by Sphyn-Trader
11
NIFTY 50 - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:NIFTYLong
by Tradelikemee
1
Platinum is at the triple supportPlatinum hit the triple support: weekly S2 pivot points, green lower band of up trend and horizontal band from long-term price action. Platinum is so cheap compared to historical prices and gold. It seems that NASDAQ:NDX vacuums some money from commodities and crypto, but stock market is close to a correction which may bring some money back to commodities. I expect OANDA:XPTUSD would over-perform Silver and Gold. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XPTUSD
by WhaleGambit
CADCHF I New rising trend line +80 pipsWelcome back! Let me know your thoughts in the comments! ** CADCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
10
EURAUD 4Hrs Trend channel +190 PIPTimeframe: 4 Hours Long Day Trading Position Initial Take Profit : 1.6183 to the channel middle point 2nd TP: 1.6238 (to the high volume node of the volume profile) SL: 1.593 (breaking the trend channel) The pair is in a bearish tunnel for more than a month, and now in the trend channel's bottom, and has a high potential to go up again during the next few days↑. ↝✔ Esteem your Analysis and seek improvements ⌁ @AbdullahTech ♾✽ June23 ↝✔ Keep an eye on the next price journey ;)
Long
by AbdullahTech
$EURUSD Can Jump #EURUSDTraders and Investors, EURUSD has been falling after reaching one of our long-term targets. Now it is at a junction from which it can make a little jump. The price action is still weak, so we must be watchful and wait for good confirmations. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa
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NASDAQ:TQQQLong
by KetilJohan