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Parallel Channel

Ethereum - Starting final wave to 6000 USD! (+140%)Ethereum is still consolidating, but this will change in the next few days! On the chart, we can clearly see an ascending channel, and the price is currently near its support, which gives us an excellent opportunity to buy it with a very high risk-to-reward ratio! You can simply put our stop loss below the previous major swing low or below the trendline. From the Elliott Wave perspective, Ethereum is in a valid impulse wave. There are no overlaps between waves (1) and (4), and the price is starting a final impulse wave (5). Usually, as an Elliott Wave trader, you want to buy slightly above the support line of the end of wave (1). The price is also forming a symmetrical triangle, so expect a massive breakout in the short term. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
45
Bitcoin - Now Is The Time For A Breakout!Bitcoin ( BITSTAMP:BTCUSD ) will exit the consolidation now: Click chart above to see the detailed analysis👆🏻 The only factor which is really driving the price of Bitcoin is technical analysis. And everything is pointing towards a bullish breakout above the preivous all time high and significant follow through. Make sure you somehow participate in the bullrun, either with altcoins or Bitcoin. Levels to watch: $70.000, $100.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
16
EURO - Price can bounce up from support line to $1.0825 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently, price started to decline inside falling channel, where it some time traded near $1.0955 level and then broke it. Next, price fell to support line of channel, after which bounced up to resistance line and then continued to decline. Some time later price declined to $1.0825 level and then bounced up to resistance line of channel. But after this, price turned around and then bounced down, thereby breaking $1.0825 level and entering to resistance area. EUR tried to rise, but failed and continued to decline inside falling channel, and recently reached support line. Now, I think that price can correct a little and then bounce up to $1.0825 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
12
Today we received first signals of bottom formation. Today Nifty gave first indication of bottom formation after a long time. Will the bottom hold is a question which only time can answer. Nifty staged good recovery of 107 points from the day's low that was a positive sign. MMI (Market mood index) for Nifty on Ticker tape shows that Nifty is currently in the Extreme Fear zone of 26.5. Usually good money is made when you buy in extreme fear zone and sell in extreme greed zone. The supports for Nifty for the next week remain at 24102, 24703, 23366 and 22821. Resistances for Nifty for the next week remain at 24408, 24547, 24714, 24996 and 25338. Above 25338 Bulls can come back into full action mode and can take Nifty towards 25656 in the best case scenario. The Critical Mother and Father resistance for the hourly chart are at 24547 and 24966. Critical Mid channel resistance is near 25338. Channel Bottom support is in the zone of 24102 to 24072. To know more about Parallel channel and my Mother, Father and Small child theory read my book The Happy Candles Way to Wealth creation available on Amazon in Kindle and Paper back version. You will learn a lot about Fundamental analysis, Candle Sticks analytics, Profit booking and behavioural finance from the book. The book is currently one of the highest rated books on Amazon in the financial analysis and strategy category. I assure you it will be worth every money spent. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
AMOC Egypt has a good trading opportunity to 8.9AMOC Egypt has a good trDaily chart The stock EGX:AMOC is trading in a channel between lines R and S, so the opportunity to buy near support S and sell near resistance line R (at around 8.9) Technical indicators RSI and MACD are supporting the bullish view. Closing above 9.0 for 3 days, the target will be 10.5 Closing above 10.9 for 2 weeks, the target will be 12 Below line S is considered a stop loss level, as the next down target will be 6.0 Note : Always keep a profit protection level, and raise it as the price goes up.ading opportunity to 8.9
EGX:AMOCLong
by snour
Nasdaq - This Is Just The Beginning!Nasdaq ( TVC:NDQ ) is starting the next parabolic rally: Click chart above to see the detailed analysis👆🏻 Although the Nasdaq is about to create a new all time high, this is just the beginning of the next major higher timeframe bullrun. The Nasdaq just broke above the channel resistance and is now heading for a +30% move. It feels absolutely counterintuitive - welcome to the stock market. Levels to watch: $20.000, $26.000, $16.000 Keep your long term vision, Philip (BasicTrading)
TVC:NDQLong
by basictradingtv
29
Euro can reach resistance zone and then continue to fallHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago tried to grow, but failed, turned around, and started to decline inside the downward channel. Inside the channel, the price firstly declined to the seller zone, after which tried to grow to the resistance line of the channel, and when it reached this line, the price continued to fall. Soon, EUR broke the 1.0910 level, made a retest, and later continued to fall. Some time later, the price fell to 1.0815 current resistance level, which coincided with the resistance area and at once bounced up, but soon turned around and continued to decline in the channel. Price fell to the resistance area, some time traded inside, and then broke the 1.0815 level. After this movement, the Euro dropped to the support line of the channel, but a few moments ago, it turned around and started to move up. At the moment, I think that the price can reach the resistance zone and then continue to decline inside the downward channel. For this reason, I set my TP at 1.0735 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
GOLD - Price can continue to grow inside rising channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price entered to pennant, where it at once bounced up from support line and rose to $2625 level. Soon, price broke this level, and quickly reached resistance line of pennant, but then made correction back. After this, price rose to resistance line and some time traded near, after which bounced down, exiting from pennant. Also, Gold broke $2625 level, but soon started to grow inside rising channel and later broke this level one more time. Inside channel, price made a gap and some time later reached resistance line, breaking $2720 level and recently making correction. Now, I think that Gold can firstlty fall to support level and then continue to grow to $2785 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
2
SUI: Hurst Cycles and Elliott Wave Align for Potential UpsideSUI is following the Hurst cycles quite closely, with the price movement rising and falling in line with these time-based signals. These cycles give us a useful indication of when certain price actions may occur. Given that the peaks have aligned well with the midpoint of previous Hurst cycles, we could see more upside for SUI in the short term. Additionally, the Elliott Wave pattern (1,2,3,4,5) further supports the idea of potential continued upside. This signals a possible hold for now, as we wait for either a break of the upper trendline, which could lead to higher highs, or a reversal, keeping SUI within its current channel. Follow for more.
by cryptechcapital
BITCOIN → False Breakout & Bearish Engulfment ↓ BINANCE:BTCUSD entered a strong buying zone (68900) within the rally. BUT, the expected growth did not happen, the bulls could not realize the potential. A bearish engulfment of the last three bars is formed and actually - a false breakdown of the descending resistance... The growth formed from 59K is partly connected with the election race in the USA, economic revival in China, as well as economic news. But apparently, this energy is not yet enough for the price to easily overcome 68-69K with a target of retesting 71-73. The resistance zone of 68.4-69.4 is putting pressure. Buyers are taking profits, while bears, seeing the strong resistance zone, are trying to resist. The structure will break down if the price breaks 69400 At the moment, we see a bearish engulfment forming relative to the previous three bars, and this is a strong enough signal. Consolidation below resistance is forming, a small correction may be formed, the first target of which may be 65K, then 61-58-57. Resistance levels: 68400, 69400, 71500 Support levels: 66500, 65000 After the false breakdown, the price consolidation is formed below the resistance, which indicates the pressure from the sellers. This may provoke further downward correction. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Short
by RLinda
56