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Parallel Channel

CHR - Breakout will push the price higher#CHR/USDT #Analysis Description --------------------------------------------------------------- + Price is trading inside the channel and waiting to breakout from the channel + This breakout could change the downtrend started in early 2024 + A rejection at the resistance could push the price further down. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.21 Stop Loss: 0.1592 ------------------------------ Target 1: 0.2759 Target 2: 0.3481 Target 3: 0.4485 Target 4: 0.7180 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
BTC - Bearish Pressure Ahead!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per our latest analysis, BTC has rejected the $50,000 - $52,000 support zone and has been trading higher since then. However... BTC is currently approaching the upper bound of the red channel. Thus, for the bulls to remain in control, a break above the upper red trendline is needed. In this case, a movement towards the $70,000 resistance would be expected. Meanwhile, BTC would be bearish medium-term and can still reject the red trendline for one more leg down. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
GOLD - Price can bounce from resistance line of channel to $2580Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price traded inside flat, where it reached $2530 level and then bounced down to bottom part of flat. Then price rose back, some time traded near $2530 level, and then started to decline to $2472 points. Gold exited from flat and started to grow inside a rising channel, where it soon reached the $2530 level again. Price broke this level and continued to grow until it reached resistance line of channel, after which made a correction. After correction, Gold turned around and rose to resistance line again, but recently it started to decline. I think that XAU can rise resistance line and then start to decline to $2580 support line of a rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
11
pepe → a position to get longhello guys. pepe and lots more coins are bullish so much! I am looking for an area to get the long position! in this coin seems the yellow area is great to get the long position! let's see if the price will do a pullback! target:0.00000869 ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
11
Bitcoin can make small correction and then start to move upHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago declined to the support level, which coincided with the buyer zone and even soon broke this level. After this, price declined a little more and then moved up inside the upward channel. In a short time, BTC broke the 56200 level again and then made a retest. After this movement, BTC rose a little more and even almost reached the resistance line of the channel, after which it turned around and declined to support line of the channel. Some time later Bitcoin rebounded from this line to the resistance line, which coincided with the resistance level with the seller zone, and tired to break it, but failed. Later, the price some time traded near this level, and a not long time ago made a fake breakout of the 63700 resistance level. Now BTC trades very close to this level, therefore I think that the price can correct almost to the support line and then start to grow to the resistance line of the upward channel, thereby breaking the resistance level. For this case, I set my TP at 67250 points, which coincides with the resistance line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
GBPNZD: Bear Trap & Potential Bullish Movement 🇬🇧🇳🇿 GBPNZD is trading within a wide horizontal range on a 4H time frame. Its support was tested yesterday. Analysing the price action on an hourly time frame, we can see a bearish trap, followed by a strong bullish imbalance and confirmed change of character. With a high probability the market will start recovering soon and reach at least 2.124 level. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
EURUSD → Resistance Retest. A rebound or a breakthrough? FX:EURUSD is testing the resistance of the local correction, and instead of the expected rebound, I am waiting for an attempt of a breakout with the aim of further growth to 1.12757 on the background of the expected fall of the dollar.... There is important news ahead that traders have been waiting for months. A rate cut. And the question is no longer “when?”, but “by how much?”. 25 basis points or 50 ... But before that traders will have to endure Retail Sales, CPI, FOMC, which may also have an impact on both the market and the Fed. Technically, the focus is on the resistance of the range, 1.112. The market is likely to fight for this zone, a correction is possible, but a gradual retracement and retest will increase the chances of a breakout. If the bulls hold 1.112, it will open the way towards ATH! Resistance levels: 1.112, 1.12 Support levels: 1.1099, 1.1072 Globally the trend is bullish, on D1 the price is coming out of the correction phase and continues the upward movement. The news may have a big impact on the market, which will shape both medium and long term prospects... Targets are indicated on the chart Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Long
by RLinda
11
USDCHF → Dollar rebound changes the local situationFX:USDCHF after a shakeout returns to range resistance amid the current downtrend. The dollar index is rising and many don't realize what's going on.... DXY failed to overcome the critical and psychological level of 100.0. The yield on 10-year US government bonds did not fall after the rate cut, but even rose to 3.74% from 3.6%. Strange divergence between currency market expectations of rate cuts and debt market expectations of rising yields. The expectations of traders/investors on the background of interest rate cuts did not come true and in the future we should expect a deeper rebound of the dollar considering the fact that GDP data and Powell's speech are ahead. The currency pair is currently forming a local resistance at 0.8517, the breakdown of this zone will give an impulse to the trend resistance, which will determine the further situation. Either the rebound or the price will go higher, to deeper zones of interest. Resistance levels: 0.8517, 0.856, 0.8616 Support levels: 0.843, 0.837 The trend can be considered broken and confirmed bullish after the price fixation above 0.875, currently bearish. It is worth forming your strategy on this fact Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCHF ;) Regards R. Linda!
by RLinda
1
HelenP. I Gold can start decline to $2570 inside upward channelHi folks today I'm prepared for you Gold analytics. A not long time ago price some time traded near support 2, which coincided with the support zone and later fell to this area. After this movement, it turned around and tried to grow, but when it reached 2529 points, it turned around and started to decline. In a short time, XAU declined to support zone and then started to grow inside upward channel. In this channel, the price rose a little and then made a correction to support 2, after which started to move up next in the channel. Some time, the price rises near the support line of the channel and later rebounds up to support 1, which is located inside the support zone, and then breaks this level. Next, Gold reached the trend line, which is the resistance line of the channel also, and then made a correction movement below support 1. After this, Gold made impulse up to the trend line, breaking support 1 one more time, and now continues to trades near this line to this day. I expect that XAUUSD will start to decline to the support line, which coincides with the support level. For this case, I set my goal at 2570 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
11
ETH low is probably in. Up we goGreetings traders! This is my very first analysis, so feel free to roast me in the comment section :) Ethereum has possibly hit a macro low (and it would be a higher low) and it's ready to go up. Simple analysis based on historical behavior, where ETH has always respected an upward parallel channel from bear market low until bull market top, and breaking down that channel indicated in the past the end of the bull cycle. Some factors to consider: - ETH touched the bottom of the rising channel in the recent flash crash on August 5th at around $2100 and produced a decent bounce. A retest of this level is very possible. - This is a strong horizontal support level, marking the yearly open and the breakout from 2023 accumulation. - Additional support is also offered by the 200 week MA sitting around $2200. - ETH seems to have bottomed against BTC, showing massive bullish divergence at an important horizontal level of support. High chances of reversal soon. - A break below the rising channel would indicate extreme weakness for Ethereum, and possibly a failed bull cycle.. I personally think this is very unlikely. Nevertheless, let's pay attention to that level. Good luck everyone!
CRYPTO:ETHUSDLong
by crypto-rookie
4
Bitcoin Final 5th waveThe fifth wave of bitcoin is measured at around 80k levels, but based on the channeling method the fourth wave made a "throw-under" which might indicate an extension of fifth wave that could result into a "throw-over" above the upper channel, which measures around 140k , current price action has formed an inverse head and shoulder, a confirmation for bullish sentiments once the neckline is broken and retested properly, a high volume/momentum move for the third wave of fifth wave will be observed that could potentially reach 70k levels then from there make a sideways movement or a sharp correction before proceeding to 80k levels, once Bitcoin reaches an all time high a weekly bearish divergence is going to be formed, once that bearish divergence validates a retracement for wave two of five could happen, or the market might move to 49k or lower if the extended fifth wave would not materialize short selling and taking profits from long positions would be taken on 80k levels.
CRYPTO:BTCUSD
by xTomato
2
$MRNA * MODERNA TC FIB EWP WEEKLY TF ANALYSISTechnical analysis of Moderna, Inc. (MRNA), using Elliott Wave Principle along with Fibonacci retracement levels. Here’s a breakdown of what I observe and what it might mean: 1. Elliott Wave Count : The chart features a labeled Elliott Wave pattern, with clear impulse waves and corrective waves (A, B, C). We seem to be in the C wave of a larger corrective phase, indicating that the stock is undergoing a downward correction after a prior upward impulse. 2. Fibonacci Retracements : Various Fibonacci retracement levels (0.382, 0.5, 0.618) are drawn on both the upward and downward moves. The chart suggests that the stock has already retraced past significant Fibonacci levels during its correction. The price is nearing the golden pocket retracement level ($48.60 to $43), which should act as a key support level. 3. Trend Channels : There are two visible trend channels: a green upward channel representing the previous bullish trend, and a red downward channel indicating the ongoing bearish phase. The stock appears to have broken out of the upward channel and is firmly within the downward channel, signaling the continuation of a bearish trend. 4. RSI (Relative Strength Index) : The RSI indicator at the bottom of the chart is around 31.34, which is close to the oversold region (typically below 30). This suggests that the stock may be nearing a point of exhaustion in its selling pressure, potentially signaling a reversal. Overall Interpretation: • Bearish Momentum: The stock is in a corrective phase, as indicated by the Elliott Wave count and the downward trend channel. • Key Support Levels: Prices around $48 are critical Fibonacci levels that may offer support. • Possible Reversal: The RSI suggests that the stock is approaching oversold territory, which could indicate a bounce or reversal soon, but it’s important to monitor how the price reacts at these levels.
NASDAQ:MRNALong
by Anakyn
2
BITCOIN - Price can break resistance level and continue to growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price entered to triangle, where at once made downward impulse from resistance line to support line. Price broke $63700 and $54900 levels, but soon turned around and rose higher than $54900 support level, breaking it again. Next, BTC continued to grow and later reached resistance line of triangle, after which started to decline. In a short time, price fell to support area, thereby exiting from triangle and starting to grow in rising channel. In channel, Bitcoin rose to $63700 resistance level, where at the moment continues to trades very close. Possibly, price can make a small movement below and then bounce up to $67600, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
7
USDJPY - Following The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDJPY has been bearish trading within the flat falling channel in red. Currently, USDJPY is undergoing a correction phase and approaching the upper bound of the channel. Moreover, the zone marked in blue is a previous major low. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the major low and upper trendline acting as non-horizontal resistance. 📚 As per my trading style: As #USDJPY approaches the red circle, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
BTCUSD: Confluence of 3 Bullish Patterns As seen in the chart, we have both a cup pattern and a beautiful flag pattern simultaneously within a large ascending channel. The price has not yet broken the flag pattern, so we do not have confirmation to enter a buy trade. However, the presence of multiple bullish patterns at the same time increases the likelihood of an upward move. If the flag pattern breaks, a buy trade can be initiated. The shared target for all three patterns is the $110,000 range.
BITSTAMP:BTCUSDLong
by Hakimi1260