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Channelbreak

ZIL/USDT : Reached channel's top! BINANCE:ZILUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $ZIL has formed a descending channel and it has reached the channel's top. Despite the current market's bias, I'm expecting more corrections to come; Because of the recent bounce without any retracement. In macro overview, It must come with a fake-out above the channel and experience the rejection from the higher resistance zone at $0.11. So based on the data we have, There'll be opportunities to take Short on... - On the rejection of $0.11's resistance zone and current rejection from S/R line and channel's high. - On the proper retest of broken lower S/R zone at $0.85. 🔴 Invalidation should be located as active management above the higher resistance zone. Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades des
by Helical_Trades
24
AAVEUSDT is trying to have a breakout!The price is creating a descending channel after the breakout from the falling wedge as I told you on my previous idea On the daily timeframe the price is testing the key level on 150$ and the market is trying to protect the low. On the 4h timeframe the price got a rejection from the daily resistance on 175$ How to approach? The price needs to have a new breakout from the 4h dynamic resistance and daily resistance. the next valid key level is 190$. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
8
GBPJPY Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPJPY currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, GBPJPY has completed a 5 wave impulse up of two degrees, specifically, Minor Wave 5 and Intermediate Wave (5). The price has recently broken below the bullish channel of Minor Wave 5. Most momentum oscillators are also forming a bearish divergence pattern. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 18 (red vertical line), and is projected to form a bottom on June 28. Based on this, we can expect prices to head lower to at least the 38% Fibonacci retracement level of the prior impulse. This will serve as the first area of support, but price should move beyond this level at some point thereafter to test the 50% Fib retracement level. If you find this analysis useful, make sure to press the “Like” button and Follow us.
Short
by ForexTrainingGroup
EGLDUSDT Wants to have a breakout from the Weekly resistanceThe price got a rejection from the weekly resistance on 164$ and not the price is creating another bull flag above the previous descending channel the price retested the previous dynamic resistance as new support exactly at 0.618 Fibonacci level. How to approach? The price needs to have a breakout from the weekly resistance and descending channel. Beware to the left, you can find the supply zone. So if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
NEARUSDT Wants to retest the ATH!?The price is testing the 4h support after the rejection from the supply zone on 20$ as you can see on the daily chart (the upper one) The price is creating a ascending channel below the weekly resistance on 17.7$ How to approach? The price could retest again the supply zone on the 20$, so if the price is going to have a breakout from the weekly resistance and dynamic 4h resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
ADAUSDT is creating a descending channelThe price had a breakout from the descending channel and got a rejection from the weekly resistance on the 1.19$. On the 4h timeframe the price is creating a descending channel on the 0.786 Fibonacci level below the monthly resistance. How to approach? The price needs to have a breakout from the channel and monthly resistance, and flip it into new support. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
16
IOSTUSDT is creating a descending channelThe price is testing the 0.786 Fibonacci level on the daily timeframe on the weekly support (0,028$) On the 4h timeframe the price is creating the main descending channel and the market is creating a channel within it. How to approach? The price could retest again the 4h demain on 0.027 if the price is going to lose the dynamic support. According to Plancton's strategy , we can set a nice order The scenario is invalidated if the price is going to have a breakout above the monthly resistance (0.32$) ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
11
GBPJPY Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPJPY currency pair based on the 240 minute timeframe. From the Elliott Wave perspective, the price action appears to have completed Wave B of the corrective sequence just beyond the 78.6% Fibonacci retracement level. GBPJPY is currently progressing in Wave C down. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 6 (red vertical line), and is projected to form a bottom on June 13. Based on this, we can expect prices to push lower from here. The confirmation will come upon a breakout below the lower channel line and is likely to find support when it reaches a 100% Fib extension of Wave A. If you find this analysis useful, make sure to press the “Like” button and Follow us.
Short
by ForexTrainingGroup
4
is ITC gonna prove everyone wrong this time ?In recent years, $ITC.NSE has been talk of the town but on insta memes for its underperfomance. But recent rally seems to have some surprise for traders as it has crossed and closed at 267.80 which is 3 years high. Technically, momentum is strong with volumes and also it is running up towards the channel resistance of 282 above which a new DREAM rally would be initiated. But on downside support is at 200 WEEKLY average at 235 which can act as Stop loss for investors and fresh traders.
NSE:ITCLong
by KushGhodasara
ETHUSDT is creating a channelThe price is creating a channel between the demand and supply zone on 4h timeframe. on the daily timeframe, the price is trying to hold the 34100 support and retested the previous W's neckline. on 4h timeframe the price lost the channel, and now the price is testing the previous dynamic support as new resistance How to approach? - for a bullish scenario, the price needs to flip the 3520$ with volume and momentum, the price created a double top on it. - Otherwise, if the price is going to lose 3240, we could see a retest of 3k According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
10
XAG USD - Metals on the up Series 8G'Day traders, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Scarlet - Four day Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence. Monthly zones These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has upon a overall pattern impulse, correction impulse - similar to Elliot Wave Theory but on a larger time frame. The monthly wicks also highlight a great opportunity where the imbalance is strongest within the wick zones, in the past, there are multiple levels of imbalances as highlighted clearly in the blue zone. The main focus of the monthly imbalances is if price fails to create nd establish higher lows, then the trend is up and right moving - adding positions using a risk-adjusted DCA method for opening smaller positions upon confirmation. (Now CP from here on). Where Buying upon a CP level is clear is based upon two factors; 1. Time 2. Understanding the levels from a departure level be it buying/selling imbalance. The departure level is hardest part to predict, so ideally it's best not to - which why zones are drawn especially where all time highs or new tops exist. However, with reference to the chart below - Drop Base Drop or DBD from now on. to a CP level is clear on the timeframe below. Weekly Chart We are now on our way from the buying imbalance against XAU Expect at the present time where XAU and XAG will tail off, but establish a pivot from the Rally Base Rally -on the lower timeframes, price has shown the Rally (impulse), now looking to form the corrective base (imbalance) and then continue the next Rally (impulse). Over a two and a half/three year chart, this is now evident in the case of Silver. The weekly chart is showing at present a squeeze, where price of XAG is creating lower lows, but now using the CP levels in conjunction with the monthly chart, a clear range is present. However, from this clear range - price has departed the imbalance and will now create bullish moves up to weekly pivot levels based around $27.7-28.6. From a smaller brief outlook, price has created an internal correction where price has now tested the 'pink' infinity line as a net imbalance test of the probable low. review Fig.1 The Original levels for XAG - as an upper imbalance have not been utilized, so a bullish probability is heavy as opposed to the upside is very much present. Price will become bearish - below a break of $24, which correlates to the break of the 'infinite trendline'. Short term Analysis: Using the daily chart. Price has experience a Bullish rally, and now currently price has broken the steep line and will look to pivot to retest the 'daily wick low' and from here created a base, before the next impulse. The current price will now consolidate but will add a position where a clear pivot and confirmation is offered. For example $24.20 Refer to the chart to see the clear trend break and overall view of the Imbalances at work. XAUXAG Monthly Both of these charts, highlight the Original levels or even the fresh level at the very top of the Departure. With imbalances, price will always retest the critical zones. XAU/XAG weekly This is a smaller timeframe, but what can be analysed from the take away here is a simple three level of profit taking whereby price will move towards these levels as these are fresh levels at current with no retest. Refer to the analysis for XAG, XAU previous to review some solid work! Not available: DOW/GOLD Monthly, Weekly analysis. Do you enjoy the setups? Professional analyst with 5+ years experience in the capital markets Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXII
FOREXCOM:XAGUSD
by LupaCapital