Uptrendchannel
Long @LNTA (Lenta) 3rd wave uptrend forecastLNTA (Lenta) did a good correction to impulse and with recent strong support at 200.00 can do a good uptrend due to revenue reports, tech analysis, wave further sctructure.
AVAX is moving in Uptrend channel, Can we buy now?As you can see in the chart, AVAX is moving in a huge uptrend channel which is strongly directing the price to upwards.
Trend is extremely bullish and 170$ is the next target for this coin in 3 or 4 upcoming month and passing Mid Line faster will cause to faster result.
Move and Don't stop!
Going to New ATH For Chainlink ...Link :: A future token with a fantastic ecosystem in the digital currency market ::
1 - ichimoku cloud support
2 - head and shoulder
3 - up trend channel
4 - breaking resistance
5 - and go to new ath ...
* this is a my idea ... no a signal for sale ...
PLEASE FOLLOW ME ...
finally Bitcoin broke the downtrend, ready to go to make ATH!!Technical analysis: #Bitcoin(daily update)
In Daily timeframe, Candle Closed Above the 55k (Highest Close since 11th May)
Finally, Descending Channel Breakout After 8-months Long Consolidation
RSI Broke the Trendline Resistance as well..
There is a Possibility that Bitcoin Might Retest the Channel Before Another Bullish Leg.
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#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
BTCUSD - INTRADAY WATCH 62'945 /60'745 W1 :
Last weekly closing level @ 61'538 could be seen at first degree as a positive signal for further upside.
Nevertheless, the resistance line of the ongoing primary uptrend channel has not been broken yet and in addition
the BTCUSD is currently traded around the secondary uptrend support line (three white soldiers support line !)
A failure to hold above 58'100 on the next weekly closing basis, would be the first signal of a trend reversal.
D1 :
Currently in an ongoing uptrend channel.
Levels to watch are 65'000-57'000 on a broad approach.
Indeed, 65'000 coincides with the ATH while 57'000 is the current level of TS (conversion line)
Watch price action on the Lagging line and on others technical indicators, such as RSI, which for the time being
is showing some lack of momentum, in moving sideways with a very little upside bias !
H4 :
Warning ! Potential double top formation in progress
Trigger level @ 58'935
If confirmed and activated, target @ 55'000 (H4 clouds support zone)
H1
Currently in a slightly downtrend channel 62'600-59'000
Watch very short term cluster support @ 60'745
A failure to stay and hold above this level would put the focus to the support level of this H1 ongoing
downtrend channel around the 59'000 area
CONCLUSION & IMPLICATIONS :
Short term (intraday) :
Above 62'945 ---> bullish for ATH
Below 60'745 ----> bearish for 59'000
Medium term (daily & weekly)
Above 65'000 ----> 68'000 (Fib ext)
Below 59'000 -----> 57'000 (TS) ahead of 53'870 (MBB
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1510 4H GOLD update for potential entry to long to 1830Hello traders,
GOLD is making a reflection point on the channel.
Check the lower support by hitting the Red Ema LATER for potential entry confirming signal to buy.
Follow EMAS later instead the blue channel which could be invalid by a strong leg up to approach upper dash lines as targets.
GOOD LUCK ON THIS PLAN .
LESS IS MORE!
XAUUSD at a key level!Based on the chart, for XAUUSD, price reached a major support area and a rejection is about to happening but it's not completed yet!
So at this moment we can have to different scenarios that we are talking below:
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1. Price rejection from the support level is completed and the price moves up
2. The rejection of price will fail and the major support area will break. Then we've to be ready to sell at the pullback.
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So what do we think about the price movement right now?
Currently we have more bullish bias about the next movement of price. So let's check our reasons:
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1. We are in bullish trend ( Bullish )
2. Price reached to the bottom of a bullish channel ( Bullish )
3. Price reached to a support area at the moment ( Bullish )
4. RSI(14) is in oversold area ( Bullish )
5. It has been a strong bearish movement which lead the price to the bottom of the channel ( Bearish )
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So based on the following scenarios we can still have bullish bias otherwise the scenario changes.
However consider that these are different scenarios and we do not have enough proofs for buy or sell right now (That's why we set this analysis as Neutral )
But let us see what do you think about the next movement? up or down and why? please bring your reasons and feel free. Your idea is always valuable to us!
Good luck and thanks for supporting us!
BTCUSD - H4 - MBB = LEADING INDICATOR !The Mid Bollinger Band (MBB) worked perfectly well so far in rejecting all downside breakout attempts !!!
Therefore, as long as this support level (currently @ 54'595) hold, it should be seen as a supportive signal,
calling for this ongoing upside move.
Watch also technical indicators (such as RSI) which has already triggered, so far, only a minor BEARISH DIVERGENCE;
nevertheless, a failure to switch from a divergence mode to a convergence mode would be an additional warning
signal, which could trigger a renewal selling pressure calling for lower level.
UPSIDE :
Watch former intraday high @ 56'168 (potential double top !), ahead of the ongoing uptrend channel projection levels.
DOWNSIDE :
Monitor closely 54'595 as the first significant support level ahead of 53'298 (KS) and also, currently
the bottom support line of the ongoing H4 uptrend channel
GBPCHF Good Sell opportunity!Hey Guys,
Based on the chart, there is a good sell opportunity on GBPCHF. But let check the chart and see what is happening right now:
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1. False Breakout happened on a uptrend channel -- Based on the candlesticks ( Bearish )
2. Price is in a downtrend ( Bearish )
3. Price reached a resistance area and rejected strongly ( Bearish )
4. Hidden divergence on RSI(14) ( Bearish )
5. Price reached to 0.5 Fibonacci ( Bearish )
6. Small uptrend channel not broken yet! ( Bullish )
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So Based on the top scenarios, I have bearish bias about the next movements of price which can also have a good risk reward raio. But considering risk management rules in a necessity and have not be ignored.
But let's see what do you think about GBPCHF on H1 timeframe. Are you bullish or bearish? - Please write your ideas on the comments.
Any idea is valuable for us!
Thanks for being and supporting us.
Good Luck!
AUDUSD A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 0.725 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: AUDUSD Waiting for the Range Bound and the beginning of the Ascension Trend.
XAUUSD Good sell opportunity!Hey guys,
Based on the chart price is in a good situation for opening sell positions on XAUUSD. But let's go deeper on our reasons and see what's on the chart:
1. Price is in a downtrend ( Bearish )
2. A correction have happened --> price reached to 0.618 Fibonacci and dropped ( Bearish )
3. Bearish Engulfing Candlestick ( Bearish )
4. Currently price is in an uptrend channel ( Bullish )
5. Hidden divergence on RSI(14) ( Bearish )
So based on our analysis the bearish movement is more possible than the bullish one. So it leads us to be seller which have more probability and makes good risk reward ratio.
One good trading scenario for this case is waiting for the price to reach to the top of the channel and opening sell positions regarding to considering risk management rules.
So it is our analysis about XAUUSD. But please let us know what do you think about it? Buy or Sell and why? Any idea would be welcome and valuable for us.
Good luck!