Get started

Parallel Channel

BITCOIN → Bullish run to $100,000. When's the correction?BINANCE:BTCUSD is consolidating after a strong rally. Most likely the token is preparing to go even higher. The target of 95K-100K is getting closer and closer and is becoming more and more realistic. FOMO or managed to get on the northbound train? The fundamental backdrop is strong. Trump has been a driver for bitcoin and the cryptocurrency market. The phenomenon as a whole is quite interesting. Bitcoin is coming out of a 9-month accumulation and is strengthening by 34% as part of the rally. Can this rally be even bigger? Yes! And there are bullish premises for that: Technically, bitcoin is not trying to update the lows. It is forming a smooth, calm and upward movement with gradually updating highs, and in the last two days the price has been accumulating in front of a strong resistance level. An ascending price channel is forming on H1-H4. The recent 7% retracement of the ATH is nothing more than profit-taking. There are no funadamental and technical reasons for a deep correction yet. Resistance levels: 91650, 93250 Support levels: 90300, 89200, 87500 At the moment consolidation is forming near 92K. The emphasis is on 91650. A breakdown and consolidation above this area may trigger a continuation of the impulse (rally). I do not exclude that on the background of reduced liquidity (Saturday/Sunday), bitcoin may test the support area before further growth. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
53
Measured move for DOGE? Or more crabbing/fakeouts?The more I look over the DOGE charts, the more of a DOGE bull I become! This looks like it's winding up very nicely into a bull pendant- a much more predictable bull pendant than any of the weird crap the BTC perps chart keeps throwing out. It's almost like there are government/enterprise traders who know exactly how far they need to dither each candle to shake out retail traders, just in time for more ETF news... I'm liking DOGE a lot more.
CRYPTO:DOGEUSDLong
by mineyourbiz
$FTM HTF Bullish Scenario Currently we are experiencing bearish activity perhaps till December. I expect a subtle consolidation of accumulation near the trend line of the channel before making its move to the upside. I do think once it has gone past the fib levels of 0.618 and 0.65, price will retrace back to the zone before creating a bullish takeoff. SET:SONIC is coming out soon. Marketing is there, and the chain is being used. More influencers are shilling UPCOM:FTM currently. Once the BTC dominance stops making all the alts bleed, I do believe it will give the alts the chance to start seeing their highs as profits rotate in crypto.
Long
by Decrypted_Defi
2
Natural Gas Wave Analysis 20 November 2024 - Natural gas broke the multi-month resistance level 3.150 - Likely to rise to resistance level 3.750 Natural gas continues to rise strongly after the earlier breakout of the key multi-month resistance level 3.150, reversing the price from May. The breakout of the resistance level 3.150 accelerated the active impulse waves 3 and (3) – both of which belong to the long-term upward impulse wave 3 from August. Given the clear daily uptrend, natural gas can be expected to rise to the next resistance level 3.750, which is the target price for the completion of the active wave (3).
FX_IDC:USDNTGLong
by FxProGlobal
GOLD → Are the bears in doubt? Resistance aheadFX:XAUUSD strengthens to 2625, jeopardizing the local downtrend. Fundamentally, the situation is complicated, as well as technically... The metal price is actively influenced by the escalated geopolitical situation between Russia and Ukraine. The market is also watching the Middle East, as despite the reduced news flow, the situation is still tense. In addition, expectations of additional stimulus measures from China also favor the growth of prices for this metal. It is still unclear whether gold will be able to hold on to the bullish momentum as the price is approaching strong resistance and traders are cautious as they await new signals on the Fed's interest rate outlook. Technically, as the price is still within the boundaries of the local descending channel, it is worth considering selling from strong zones and levels. The situation will change when the price breaks (it is not a fact) the channel resistance... Resistance levels: 2626, 2643 Support levels: 2604, 2590 Most likely, the market seeks to test the resistance, relative to which a stalemate situation is forming due to the mixed fundamental background. A false break of 2643-2626 will strengthen the selling and bring us back to the downside. But an unexpected resistance breakout will bring back the buyers' motivation Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
4
SP500 bounce to 5926MODs 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 bottom channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM is turning spiked positive negative Price at 2.618 Fibonacci level In at $5884 Target is $5926 or channel top no stop loss. manual close.
CAPITALCOM:US500Long
by chancethepug
1
AUDCAD Superswing to 0.9400AUDCAD has been trading within an upward channel since September 2023. Currently, the price is near the bottom of the channel, reacting to the 0.618 Fibonacci level (drawn from the low of August 5th, a pivotal day for this pair). The plan is to wait for a confirmation of a structural shift on the 4H chart, followed by a retest, and enter a long position around 0.9120. Partial profits will be taken progressively, with the final target set at 0.94. Stay tuned for updates on my trade: entry, take-profit levels, and exit strategy. See details on my signature to get in touch with me. Good luck!
Long
by zito82
1
POV : JINDWORLD : Jindal WorldWide LTDPOV: JINDWORLD - Jindal WorldWide Ltd Time Frame: Weekly First Wave (Sep '21 to Feb '22): The chart displays a powerful uptrend, delivering an extraordinary 518% move within 24 weeks. First Correction: The stock retraced from its peak, finding support at the Fibonacci zone (0.5-0.618), and resumed an upward trajectory. Second Wave: This wave broke the previous high and surged 145% in just 17 weeks. Second Correction: The stock again retraced, taking support at the Fibonacci zone (0.5-0.618). It has since been consolidating for nearly 91 weeks within a 30% range. Expectation: A potential 16% upside to the upper range. If a breakout occurs, it could lead to a further 33% move, marking a significant pattern breakout. For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #Disclaimer #NiVYAMi
NSE:JINDWORLDLong
by kzatakia
PEP bounce to $163MODs 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. (4HR chart) Price at bottom channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) near oversold level VBSM is spiked negative Price at near 3.618 Fibonacci level In at $158.8 Target is $163 or channel top Stop loss is $157
NASDAQ:PEPLong
by chancethepug
2
EURO - Price can break support level and continue fall in wedgeHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price grew inside rising channel, where it at once broke $1.0835 level, after which rose to resistance line. Also, in channel, price made a gap, after which rose to $1.0935 points and then started to decline. Euro exited from channel, and continued to decline inside wedge, where it broke $1.0835 level and fell to $1.0680 level. Price tried to grow, but failed and later broke $1.0680 level too, and continued to decline next to support area. When price reached this area, which coincided with $1.0530 support level, it bounced and now EUR trades near it. In my mind, price can grow to resistance line of wedge and then continue to fall to $1.0425, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
14
Last Time XRPUSD Will Be Under $1! Raise the "Flags"!BITSTAMP:XRPUSD - Bull Flag Prediction Based on lack of Volume and price falling into a Descending Channel. The suspected Flagpole from the Low @ .4860 before the Rally to the current High @ 1.26541, suggest a potential 160% increase in price once a Bullish Break confirms the Bull Flag! First, Price will make a Retracement to the 38.2% Fibonacci Level, testing the July 2023 Highs and the Support of the Descending Channel around .94 - .92 cents. Added confluence is the Retracement would also be testing the 200 EMA since the appearance of Golden Cross across all Timeframes! This could be the Last Time BITSTAMP:XRPUSD sees below $1!! Rallies come in waves, if you missed the first, don't miss this one!!
BITSTAMP:XRPUSDLong
by Novi_Fibonacci
Bitcoin - The Beginning Of The Next Phase!Bitcoin ( BITSTAMP:BTCUSD ) is finally breaking all resistance: Click chart above to see the detailed analysis👆🏻 Patience once again paid off after Bitcoin has been retesting the previous all time high for about 250 days, not really being able to create a sustainable breakout. But now, after all this waiting, things are happening pretty quickly and Bitcoin is on its way to the magical $100.000 level. Levels to watch: $70.000, $100.000, $300.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
20
ZION pullback to $55MODs 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 above top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM spiked positive Price at 4.618 Fibonacci level In at $61.50 Target is $55 or channel bottom Stop loss is $63
NASDAQ:ZIONShort
by chancethepug