Upward_channel
Conflicting trend in EthereumIn the future, trends for Ethereum seems to be contradicting themselves, while longer trend shows price contraction (rising wedge), recent trend seems to favour upward channel. If the upward channel were to prevail, we could expect price to reach as high as 2000 USD within few days!
FCPO - Climbing the ChannelSpotted this bullish setup of a harmonic crab pattern in the upward channel. Price action plays an crucial confirmation in the potential reversal zone (blue box) for a target of MYR 3502.
Forgive me for not publishing this beforeI personally bought $BAND as soon as it broke out of the accumulation zone around $8.8 but I still think it is not late as the first goal for our 10% sell is at $28.
IOTA: The sleeping giant has just woken upThe legendary resistance which formed in October 2018 has just been broken! Don't even think about selling in the near future. We have to identify boundaries of the channel we currently are moving in.
EUR/CAD 🇪🇺🇨🇦 to pullback from the Resistance.EUR/CAD 🇪🇺🇨🇦 is testing 2 Resistances. I expect the price to pullback from this area as we have multiple evidences for that. The price is lying just on the BB Upper , let alone that RSI and Stochastic are in the pretty high overbought areas, thus the test of the channel's midline is expected.
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Short term Bullish, longer term Bearish or Bullish?After this mornings massive dump, the bulls are going to pull price up from all indications both from Fibs retracement, RSI and the downward triangles resistance line.
That brings me to the long-term Bearish triangle which suggests a more massive dump but then if a downward channel is traced a little backwards neglecting a few inadequacies, the BULL might control the market and shoot for that moon! finally?
What do you think?
MDB Respecting the ChannelMDB is respecting the channel and hitting exactly on the top of the channel now price is going down.
EUR/USD 🇪🇺🇺🇸 to pullback to the 1.19027 area.EUR/USD 🇪🇺🇺🇸 has been moving within ascending channel. According to the high overbought the pair is expected to decline down to the 1.19027 area.
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Very bearish comboSo what do we have here? Double top + top of the channel + resistance level + overbought RSI. Set your buy orders at $100 levels.
UK100GBP🇬🇧 to break the Upward channel!After the 3rd rejection from the strong Resistance the the UK100GBP🇬🇧 index looks quite bearish. The ROT together with the Engulfing candle pattern suggest the pair most probably will break the Upward channel.
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MSFT Upward ChannelMSFT following upward channel. Currently, it's around its 20MA / 50MA (green and orange solid lines).
NASDAQ:MSFT
AUD/CHF🇦🇺 🇨🇭 to rise and test the midline!AUD/CHF 🇦🇺 🇨🇭 is rising in the Upward channel. As the price lies above the clouds and lying on the support of the channel the price is expected to RISE and test the channel's midline.
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Clear uptrendXAUUSD is consolidating in a bullish channel.
Wait for it to break the resistance or support before using your indicators to confirm before taking a position!
GBP/NZD🇬🇧 🇳🇿 to test the channel's midlineGBP/NZD🇬🇧 🇳🇿 is moving within the Upward channel.According to the ROC swing and Aaron the price is expected to rise above the channel's midline.
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NZD/CAD 🇳🇿🇨🇦 to RISE!NZD/CAD 🇳🇿🇨🇦 is remaining inside the Upward channel.According to Aroon crossover there was a possibility that after being rejected by the 0.88602 lvl the price could leave the channel , however now we are seeing the decreasing Aroon Down that together with the oversold Stochastic crossover suggest that the price can test the channel's Resistance.
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Silver to decline and then Bounce!The Stochastic crossover together with the Bearish Engulfing suggest that the Silver is going to slightly decline to the 24.093 from where it is supposed to bounce to tets the 25.290 lvl.
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Ripple to bounce from supports!Ripple is rising in the Upward channel. The support of the channel and the 0.23713 support level are being tested. Moreover , the Golden Cross and the deep RSI oversold suggest that the price is going to RISE!
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EUR/USD 🇪🇺 🇺🇸 to test the Upward channel's Resistance!EUR/USD 🇪🇺 🇺🇸 is rising in the Upward channel. The Elliot impulse wave is still on the rise and the golden cross suggest it will continue in the short-term. The Volume spike suggest the price is going to stay above the channel's midline. However , we shall be careful here as the RSI and ROT indicates that the price is lying in the overbought zone , thus the possible pullback from the channel's support can follow.
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EUR/USD 🇪🇺🇺🇸 to continue its bounce from the Support!EUR/USD 🇪🇺🇺🇸 is moving within the Upward channel pattern and the Support of the channel happened to be reliable. The Long Lower Shadow and Bullish Engulfing together with he spike in Volume on the 4H chart suggest the price will rise. Moreover , on the 2H chart we see the Golden Cross that is providing more reasons to expect the bullish move for the pair.
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YFI - Quick Update. Spiffy Yfi? Or Looking Iffy?I'd say that's confirmation of that upward channel I previously spoke of.
Set TP's all along the fib. I've had a good time so far.
Potential for a bounce! Keep an eye on the yellow box.
We've got good MACD on all front
Stoch is oversold on 4h, has headroom on daily.
volume low. beware.
Told you it was quick. I'll post more in depth on what we see tomorrow.
Have fun and good luck.
MSFT upcoming breakout!After hitting the top of the long term channel, MSFT fell back down and is testing the support line once again. MSFT is now stuck in a short term wedge pattern, and in my opinion it looks ready to break to the upside. The RSI also indicates an upcoming wedge. If there is continued market strength in the coming days, expect MSFT to breakout of the wedge. On the other hand, some bad sell offs could cause MSFT to fall out of the upward channel.
For those looking for a sheet term trade, I would consider taking an entry if the price hits the closing price of September 3rd (217 level) and take profits if it hits the open price of September 3rd (228 level.) if this stock breaks out it should go straight up, but we might see a failed retest. To make sure losses don’t get locked in, I would set a stop loss underneath the top line of the wedge, the 210 level.
