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Parallel Channel

AVAXUSDT: Growth Potential Within an Ascending Channel BINANCE:AVAXUSDT is showing confident movement within an ascending channel, indicating a strong bullish trend. The current price is 40.337 USDT , with nearby support and resistance levels offering excellent opportunities for trading with high profit potential. The chart highlights key levels, including volume zones, making this asset particularly appealing for both beginner traders and experienced market participants. 🔑 Key Levels Support: 37.092 USDT – the lower boundary of the channel where buyers actively defend positions. 37.673 USDT – a short-term support zone during local corrections. Resistance: 40.489 USDT – the current resistance level being tested by the price. 49.427 USDT – the upper boundary of the channel, serving as the target for bullish movement. These levels play a crucial role in position management and planning trade entries and exits. 🚩 Trade Setup The chart shows increased trading volume accompanying the price's upward movement. This confirms buyer activity and strengthens the likelihood of further growth. Entry Point: Consider opening a long position upon a breakout above 40.489 USDT . Stop-Loss: Set a protective stop order below 37.092 USDT to limit potential losses. Take-Profit Targets: 43.500 USDT – the first target where partial profit-taking is recommended. 46.800 USDT – an intermediate target for securing the majority of the position. 49.427 USDT – the final target at the upper boundary of the channel. 📈 Technical Analysis Context The price is currently in the middle of the ascending channel, suggesting the possibility of both further growth and short-term corrections. Increasing volume in support and resistance zones enhances the reliability of these levels. A breakout above 40.489 USDT could signal the start of a new bullish impulse. 💡 Trader Recommendations Utilize volume analysis: Rising volumes at key levels confirm their significance. Watch for breakouts: If the price consolidates above resistance, expect an acceleration in growth. Plan positions in advance: Set take-profit and stop-loss orders beforehand for effective risk management. Analyze dynamically: Use timeframes (1H and 4H) to get a complete market picture. Conclusion BINANCE:AVAXUSDT offers unique trading opportunities thanks to its clearly defined ascending channel and significant volume activity. Use the presented levels and recommendations to optimize risk management and maximize profits.
Long
by Max_Pr0fit
Gold Next Move 2492! read caption OANDA:XAUUSD is trading in parallel channel from last 2 months in H4, as you can see in chart gold is fully bearish till 2565 , all chart patterns bearish, fundamentally also bearish, gold can give possible move of 2561 if gold break it down and continue its trend then we can also see 2492 in gold. we will look good buying opportunity in gold from 2492 for now gold is sell. always use proper stop loss with fund management. all the best traders follow me and share my idea to your friends and family
TVC:GOLDShort
by GoldMasterTrades
USDJPY: Your Trading Plan Explained 🇺🇸🇯🇵 USDJPY is trading within a rising parallel channel on a daily. The price is currently testing its support. To buy the market with a confirmation, watch carefully a bullish flag pattern on a 4H time frame. A bullish breakout of its resistance and a 4H candle close above will give you a strong bullish signal. With a high probability, the price will keep rising then and reach at least 155.3 level. Alternatively, a bearish breakout of a channel's support on a daily may push the prices lower. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
2
is a 200% rally for Shoals Technologies about to print?This is a 6 month forecast. On the above 6 day chart price action has corrected 80%. A number of reasons now exist for a bullish outlook. They include: 1) Price action and RSI resistance breakouts. 2) Strong regular bullish divergence. 3) No share splits. 4) 12% short interest. 5) The forecast is to the upper channel resistance. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk: you decide Timeframe for long: This month Return: 200% Stop loss: will say elsewhere
NASDAQ:SHLSLong
by without_worries
8
ULTA in the buying zoneMODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price sitting on 52 period channel, below 39& 26, with $330 calling for price come down further. Buying small position here and doubling if price reaches $330 area. Price at or near bottom channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM is negative Price at or near 2.618 Fibonacci level (from 2HR chart) Target is $100 or channel top bottom Stop loss is $353 area
NASDAQ:ULTALong
by chancethepug
1
USDJPY → False breakdown of uptrend supportFX:USDJPY is forming a false breakdown of the support of the ascending price channel. On the background of the dollar rally and strong sales of the Japanese national currency, it can be a good signal for the continuation of growth On D1 we can clearly see the upward, bullish market structure. There are no deep corrections, strong fundamental background and aggressive support from the rallying dollar. This picture may have a medium-term character and the market has a chance to test the ATH, provided that Japan does not start to take any measures to strengthen the JPY. Technically, the currency pair is consolidating above the strong support at 153.9 and intends to go even higher. There are two strong resistances ahead. Support levels: 153.9, 153.5, 152.2 Resistance levels: 155.36, 155.8, 156.7 Accordingly, a price fixation above trend support or above 155.4 will be a good signal that we are ready to go up Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDJPY ;) Regards R. Linda!
Long
by RLinda
19
APE → Consolidation before a possible rally. Focus on 1.200BINANCE:APEUSDT is forging a consolidation within an ascending price channel after the dump, this is a hint that the coin is getting ready to go up. Smoothly the global trend is changing to bullish. The alt season could start any minute and everything partly depends on bitcoin's dominance in the market, which is gradually decreasing as BTC approaches the psychological level of 100K. Technically, APE is forming a consolidation with 1.200 as resistance and 0.90 as support, but within this range, an upward channel is forming, indicating that buyers are starting to intervene in the game, gathering potential for further upside. A break of 1.200 could trigger a bull run towards 1.44 - 1.800. Resistance levels: 1.200 Support levels: 1.032, 0.963, 0.9 Technically, we can say that an ascending triangle is forming against 1.200. I do not exclude the fact that the price may test the support before further growth, as altcoins react extremely aggressively to any weak corrections of bitcoin. But, I would prioritize trading on a break of 1.200 resistance with the aim of further growth Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:APEUSDT ;) Regards R. Linda!
Long
by RLinda
3
UBER to $77MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price at or near bottom channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM is spiked negative Price at or near Fibonacci level In at $68 Target is $77.50 or channel top Stop loss is $66
NYSE:UBERLong
by chancethepug
ATFL NSE 4Y3M Range CHANNEL BO Bullish POSITIONAL AGRO TECH FOODS Stock Analysis Trade Plan: Entry: 50% of the total quantity at 1050 DTF Close, with an additional 50% added at 1155 DTF Close Price. Stop Loss: 922 Target 1: 1460 Target 2: 1680 Hold for a period of SIX months to TWO year or until the target 2 is reached. Chart Pattern: The stock experienced a Consolidation period of 4Y3M to touch an all-time high (ATH) of 1152. Technical Indicators: The stock’s daily timeframe (DTF) shows that the price is currently trading above the 50-day exponential moving average (EMA) and the 20-day EMA above the 50D EMA. The EMAs are in Ascending sequence of alignment. A potential bullish trend in formation on the DTF/WTF timeframe. Volume Analysis: There has been a surge up of volumes on the buy side for a Two quarter now. There is buying in the past weeks above the 20VMA. Price Breakout has been done yesterday and retest today take entry as recommended in Trade Plan. Prioritize Watch List: Keep this stock in your watch list for further analysis and potential trading opportunities. Disclaimer: This information is solely for educational and reference purposes. Trading inherently carries risks, and it’s crucial to exercise caution and conduct comprehensive research before making any investment decisions. Make sure you have a well-defined risk appetite, proper position sizing, and a stop-loss order based on your risk tolerance. Review your Portfolio periodically. Exit positions when the price closes 7-8% below your entry point or Earlier basis your Risk profile. Consider re-entering the market when the trend reverses.Before engaging in any trading activities, it is paramount to thoroughly comprehend these technical analysis concepts and conduct extensive research on the stocks you are interested in. Furthermore, consulting a certified financial advisor can offer valuable insights and guidance before making investment decisions. Technical Analysis Concepts: Multiple Time Frame Analysis (MTFA): Daily Time Frame (DTF): Used for short-term analysis and identifying trends. Weekly Time Frame (WTF): Provides a broader perspective and helps in trend confirmation. Monthly Time Frame (MTF): Ideal for long-term analysis and trend analysis. All-Time High (ATH): The highest price reached on a specific chart. Lifetime High (LTH): The highest price reached over the entire chart’s history. Stop Loss (SL): A predetermined price level at which an investment is automatically exited to limit potential losses. Swing Trade: A trading strategy that involves holding positions for a significant period, typically few weeks to months. Positional Trade: A trading strategy that aims to capitalize on long-term trends and position oneself accordingly. CHART PATTERNS Rounding Bottom Cup/Handle (RBC&H): A pattern that signals a potential reversal from a downtrend. Breakout (BO): A price move closure above a resistance or below a support level. Flag & Pole BO: (F&P BO) Bullish Continuation Pattern Consolidation : Price Typically Swings between a Range for a period of Time Long or Short basis the MTFA. Breaking out of this range UPWARDS is an opportunity to BUY and DOWNWARDS is SELL opportunity. Moving Averages: Exponential Moving Average (EMA): A popular moving average that places more weight on recent price data. Volume-Weighted Moving Average (VWMA): A moving average that gives more weight to high-volume stocks. Fibonacci Retracement/Extension: Trend-based Fibonacci Retracement: Used to identify potential support and resistance levels during re-tracements. Trend-based Fibonacci Extension: Used to identify potential breakout levels during extensions.
NSE:ATFLLong
by billpramod
RAIN NSE WTF Bearish Channel 3Y 4M BO Soon PositionalRAIN INDUSTRIES Analysis EARLY ENTRY TRADE PLAN ENTRY -176 25% Qty (refer linked Charts) SL -159 TARGET --01-219 (25%), TGT02--272 (50% gain) Hold For a Year or TGT 2 Chart Pattern : STOCK peaked 3.5Y ago 272 ATH and then got into a bearish Channel and is Trading in Range for 3Y now. The Stock Gained 6%+ today with Good Volumes above 20VMA. INDICATORS EMA : The Price is Currently Trading just above 20EMA, and 20EM crossed above 50EMA in DTF. STOCK EMAs are currently aligned in a ascending order 200 to 20 but indicating a Flat Trend on DTF/WTF. FIBO E : The Stock has Support at 23.6% FIBO Retracement Level, Price is currently trading near the 23.6% FIBO Retracement level. Add quantity Above 50% FIBO/R of 199 on DTF, with ChoCH at 176 on WTF is added impetus to the bullishness... Volumes: There is a uptrend in Volume on the Monthly Charts consistently in the current trading Range confirming the Accumulation Phase.. A Gap up can is the offing soon... Keep in your Priority Watch List Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk apetite (Exit when price closes 7to8% below your Entry). Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended. MTFA- Multiple Time Frame Analysis DTF -Daily Time Frame WTF-Weekly Time Frame MTF- Monthly Time Frame ATH-All Time High LTH -LifeTime High RBC&H-Rounding Bottom Cup/Handle BO- Breakout Close EMA -Exponential Moving Average FIBO R/E -Trend based Fibonacci Retracement/Extension SL Stop Loss TBD- To be Decided CHoCH- Change of Character Bullish/Bearish MSB/BOS -Break Out Structure FVG Fair Value Gap 20VMA -20Volume Moving Average SWING/POSITIONAL Trade
NSE:RAINLong
by billpramod
4
Getting closer and closer to the bullflag targetsTwo of the biggest patterns bitcoin has broken upwards from this year are both bull flags and they both have a bullish confluence measured move breakout target of around $99,999. The first one that’s been forming the longest from we actually broke upwards from all the way back n February or March, and here is what it looks like: it was all the way back then I knew we would eventually reach this target and it’s extremely satisfying to click play and watch price action go directly to the target. You can see the price target for that one shown at the chart on the top of this page at the top of the dotted purple line. The other big bull flag of this year we only just recently broke upwards from in October, and it has also had beautiful priceaction unfold perfectly shown here: Clicking play on this chart also is amazing to watch it seemingly go up and hit the exact target with the dotted red line acting as a magnet. That same dotted red line can be seen on the chart image above on this current chart idea. Even though on both of those charts it looks like we have already hit the exact target, when you zoom n on the daily time frame here you can see that we came within a whisker of hitting the $99999 target but still have only gotten just below it. IN the process recently we have been consolidating in a rising wedge (as indicated by the diagonal pink trendline) and a rising channel (the ascending red trendline + the dotted red trendline). The rising wedge also can qualify as a bullish pennant and when you factor in the pink flagpole to where price has broken above the top trendline of the wedge, the measured move target for a breakout of such a pennant is around $116k. Rising wedges default mode is to break down instead of up, but in a parabolic bull phase many of them can consecutively break upwards, I do believe at the very least price action will finally reach both the dotted red and dotted purple targets. However, since that was the full target for two of the most pivotal bullish chart patterns of the year that may actually be a good time for it to make a solid correction. We also have the psychological resistance of 100k where many people would likely take profit at which could add to the liklihood of a correction in that range. Usually once price gets this close to a psychological level it tends to hit it so it would not surprise me at all if we hit 100k before the correction, there’s also a chance we could hit the little pennants 16k breakout target before the correction too but if we correct right after 100k, right after the 115-116k target zone, or just above that at the next big resistance area around 120-130k which is the top green trendline of this series of channels on the log chart: My belief is the correction will go down to fill the gap that was created in the CME bitcoin futures chart shown here: . I think it could likely retest that zone right around the 1day 50ma (in orange) rises up to meet that zone. My goal is to wait for a pullback back around there or back to the neckline (in yellow) of the big cup and handle we broke up from just recently, I will look for those levels as potential zones to make any additional entries into the market. The cup and handle has been by far the absolute biggest chart pattern of the entire year, however the channel of the red bullflag is also the handle of the cup and handle. Will be interesting to see how much of the above plays out how I anticipate it will. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
USDCHF 2H long Even with the Fed cutting interest rates this month, the dollar continues to rally, reaching positive levels. From a technical perspective, the USD/CHF is moving in an upward trend within a rising channel. Currently, the price has broken through the resistance level of 0.8912 and is now retesting this level after the market opened with a price gap. The price is still trading above the EMAs (200/50), indicating strong bullish momentum in the market. It’s expected that the price will continue climbing toward the 0.9050 level.
Long
by Justfxtrades