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Trendlinesupportzone

“The gold price is going up”In the US, the Producer Price Index (PPI) experienced a slight slowdown in August. Weekly unemployment benefit claims rose by 2,000, reaching 230,000. Following this data release, the decline in the dollar deepened. Meanwhile, the yield on 10-year US Treasury bonds fell to 3.62%. As a result, gold prices tested the 2570 resistance level. From a technical perspective, if prices remain consistently above the 2570 resistance level, an increase to 2600 and then to 2650 could occur. On the downside, if the price falls below the 2570 support level, a pullback could extend to 2535 and then to 2482.
OANDA:XAUUSD
by primequotes
BTC_[Daily]_Trendline Support (Channel Bottom)BTC Daily Analysis: Price is moving in within descending parallel channel for 155days now Price is rejected from Channel top (resistance) and moving in short-term downtrend (acting as support). It is also confluencing with 61.8% fib level (Golden Ratio) It has also reached a long-term trendline support which is respected historically (except a recent fake break down). A short term bullish setup until channel top can be taken (wait for green candle formation on hourly time frame)
Long
by YASIRWA
USDCAD | Short H4 | Market Exe | Loonie to Ride the GreenbackTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on H1 & H4 time-frame - Price action is at a Supply Zone area - Price action may reverse towards the ascending support Trendline - Targeting the 38.2% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.3760 - 1.3800 SL @ 1.3854 TP 1 @ 1.3697 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.3611 Risk-to-Reward @ Approx. 2.12 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
6
SNOW a software megacap approaches earnings in one week LONGSNOW has been running since about the 1st of February. It beat earnings in November by 50%. Right now it is situated at the mean-anchored VWAP where institutions pick up and drop off shares the most. Price is at the lower boundary of an ascending parallel channel and is now about 8% less than the double top of last week at the top of the channel. Price at the mean VWAP brings out volume and volatility. So does an earnings run. I see SNOW as a great earnings play as ARM and PLTR were only weeks ago. This could be a huge trade like those were. Good Luck to traders who take this trade!
NYSE:SNOWLong
by AwesomeAvani
4
Soxs is the ticket out of povertyDefended support, on high volume, trendline support, Capitulation already took place, inverse head and shoulders break, semis are overpriced and garbage again after 40% rally. Come with me as we milk this one last time into vix 45 If this market keeps going up slowly or continues consolidating I will keep adding 3month and 10 year yields are inverted like hell and people are buying 2000 pe stocks into a recession god help us all The fact that Bitcoin still has buyers sickens me
AMEX:SOXSLong
by Okbronpbro
VETUSD Ve-chain Trendline Support VETETH Bottoming FormationVe-chain VETUSD approaching trendline support on 3 day chart. While at the same time VETETH pair looks like it is about to bottom. RSI divergences and oversold levels have historically marked each major bottom in VETETH. Both ETH and VET are smart contract platforms, it makes sense for holders of Ethereum to rotate profits into a project like Ve-chain. A similar bottoming pattern was formed in the ADAETH pair earlier in the year which marked the start of a big run up for ADA.
BINANCE:VETUSDLong
by jaepayne
2