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Ascending Channel

GOLD → Testing 2400. Can the rally continue? FX:XAUUSD reaches our goal of 2400. The psychological level is tested, but 2400 does not mean expensive. The growth may continue as the potential and interest is still huge. From 2400 a correction to the nearest area of liquidity can be formed. The market needs to rest and accumulate a bit before breaking through 2400 to continue further upside as fundamentally, economically and geopolitically nothing has changed. High interest, inflation problems continue to warm the price to further strengthening. Before the growth the price may correct to 2383, 2375 or 2365, or consolidation between these levels, after which the price may return to retest 2400. Resistance levels: 2400, 2425 Support levels: 2383, 2375 Technically, we should wait for the continuation of growth after a small pullback. At the moment there are no reasons for a reversal or a strong fall. The fundamental background and general potential remains the same TVC:DXY COMEX_MINI:MGC1! COMEX:GC1! Regards R. Linda!
FX:XAUUSDLong
by RLinda
7
GOLD → Fierce bulls continue to hold the price on the newsFX:XAUUSD is still holding very strong even amid strong news. The range of 2365 - 2328 is being formed. Buyers and sellers are fighting for the lower level. Today the market is waiting for PMI and Initial Jobless Claims. Yesterday we got a high CPI of 0.4% instead of 0.3% and an inflation rate of 3.5%, which is a generally unsatisfactory scenario for the market and against this background the dollar is strengthening strongly. Gold shook a bit, but the bulls continue to hold the price above 2328. It is not known how long they will last, as the next batch of important news is ahead. Gold may test the support as part of the correction, but on the background of high interest in gold as a hedge asset amid geopolitical and economic problems, theoretically, gold may continue its growth. Resistance levels: 2345, 2365, 2375 Support levels: 2328, 2303 At the moment the price is in a range. A breakdown of support may weaken the price a bit to 2300, but a breakdown of resistance may push the price up. Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
ADAUSDT → The bulls are holding the price. Waiting for the rise BINANCE:ADAUSDT is testing the limit support area, which is actively defended by buyers, within the framework of the uptrend. A buyer appears on the market. Caradno is trading in a very wide channel, in general it indicates to us the actual potential. The price cannot break through the MA-200 yet, but most likely the next attempt may be successful. The coin is lagging behind the growth of the whole market and in general continues to accumulate energy. The price is testing 0.5687 amid the market correction. The area is quite important, behind which there is a huge pool of liquidity, but the bulls continue to actively restrain this area. Resistance levels: 0.6788 Support levels: 0.5687, 0.4877 Regarding 0.5687, after the false breakdown on April 10, a liquidity grab is formed, buyers appear on the market. High probability of trend continuation and price strengthening to the local maximum BINANCE:ADAUSD BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
16
Ethereum - is ready to go higher! +32% this monthEthereum is still very bullish, so there is no reason to expect lower prices at this moment. We can see that the price broke out of this ascending parallel channel and retested it. Usually you want to wait for a retest and then enter a long position, which is happening right now! You can place your stop loss below the previous swing low (inside the ascending channel). On the chart, you can see my detailed Elliott Wave count. We are in the bull market, so we can expect an impulse wave to form. In this case, we are still missing the fifth wave to the upside, which gives us another reason to open a long position. Where to take profit? For this, we always need to use the Fibonacci extension tool. In combination with Elliott Wave theory, we can use the fibonacci extension tool from the start of wave 1 to the end of wave 3 and to the end of wave 4. The target for the fifth wave is 0.382 FIB or 0.618 FIB. Both log scale and linear scale are valid as profit targets. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
24
Honestly, I don't feel like explaining, the chart says it all !!Hi. COINEX:ADAUSDT Chart is Speaking It Self!!! Simple analysis... The price has found the ascending channel support,Expect move up and reach the $0.80 level as the next target. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
GOLD → Fundamental reasons for growth. Target 2400?FX:XAUUSD has been reaching 2354 since the opening of the session amid strong excitement. The price is leaving the trend boundaries and continues to form new bullish ranges. Strong bullish trend is realized on the background of important geopolitical news, related to the crisis in the Middle East, Eastern Europe, as well as a huge interest in hedge gold. World Central Banks continue to buy gold in record volumes. Technically, gold is forming a small correction after updating the high on the back of bullish momentum from the opening of the session. There is a high probability that the growth will resume from the nearest support area or formal channel boundary. Resistance levels: 2354, 2375 Support levels: 2328.4, 2303.7, channel boundary Technically, the situation is complicated, as it is difficult to identify strong reversal zones, as the price is trading in a rally. In such a situation it is worth paying attention to support levels with the purpose of growth continuation, as well as local resistance areas with the purpose of upward breakout TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! MCX:GOLD1! Regards R. Linda!
FX:XAUUSDLong
by RLinda
18
ALPHAUSDT → Beginning of realization after accumulationBINANCE:ALPHAUSDT forms an attempt of the market transition from consolidation to the phase of realization of the accumulated potential within the framework of the uptrend. Key accumulation area 0.500 - 0.0630. The resistance is broken, consolidation is formed above the upper boundary of the range, which hints about the readiness of the coin to realize the accumulated potential. In our case it is the growth from 0.15-0.16. On H4 the price also breaks the resistance of consolidation (triangle) and tests 0.16. This level is the key at the moment, it is worth waiting for the price to consolidate above this level for further strengthening of ALPHA coin. Resistance levels: 0.1600, 0.1720 Support levels: 0.1369, 0.1420 Technically, the coin has energy and potential for further upside. Therefore, we should wait for the price to consolidate in the green zone in order to form further growth BINANCE:BTCUSD CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 Regards R. Linda!
Long
by RLinda
2
GOLD → A correction before further growth?FX:XAUUSD has been forming a small correction towards liquidity zones since the opening of the session. On the background of strong bullish trend it is quite logical scenario before the news publication. The dollar index is testing a strong resistance before the news and a correction is possible, which will only strengthen the growth of gold. But, it is impossible to determine in advance what kind of news it will be (bullish or bearish for the dollar). Traders expect bullish: ADP NonFarm, ISM PMI, and bearish: SP PMI. Also, the big question is what Powell will say tonight.... Technically, gold is still in a bullish trend. And it may continue after a correction. Resistance levels: 2288, 2300 Support levels: 2265, 2253, 2228 Technically, the market is bullish. A retest and false breakout of one of the above areas could strengthen the price again. But, the structure may break when the channel resistance (as support) or 2228 is broken, in which case the correction will be prolonged to lower zones. Regards R. Linda!
FX:XAUUSDLong
by RLinda
4
GOLD → The market's buying back the fall. Next up, 2300?FX:XAUUSD is still very strong. The price does not react to the news properly, only as a short-term reaction. The market is quickly buying back the decline and testing resistance. Buying potential is quite strong, the probable area of the first stop could be the zone 2300-2325. On H1, an intermediate sideways range is formed after a false breakdown of channel resistance. The price defines the lower boundary as 2228 without reaching the strong support at 2222, which indicates that the bulls are very much keeping the price away from risk zones. A retest of the resistance is formed and there is a high chance to see a false breakout or a bounce followed by a correction, which may become a consolidation phase before further growth. Resistance levels: 2265 Support levels: 2228 High interest to the metal from investors, central banks favorably affect the strengthening of the metal, besides the role of hedge asset is now more than ever manifested in the market. Gold will try to break the resistance for further growth, as there is no hint of a change in the global trend COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FX:XAUUSDLong
by RLinda
3
Nvidia - Entering a bear market!Hello Traders and Investors, today I will take a look at Nvidia. -------- Explanation of my video analysis: For more than 6 years, Nvidia stock has been trading in a long term rising channel formation. We had the last retest of support in 2021 which was then followed by a +650% rally towards the upside. As we are speaking Nvidia stock is retesting the upper resistance of the channel and we might see a short term correction towards the downside to retest the previous all time high. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:NVDA
by basictradingtv
64
BITCOIN → What determines readiness to grow to 75K?BINANCE:BTCUSD continues to trade inside the global range of 73500 - 60000. After a false breakdown, the market is holding from a strong fall, at the same time the price is re-entering behind the previous ATH. On W1 bitcoin has quite an interesting outlook. An intermediate bottom 60760 is formed after which the price returns to a new resistance level formed on the high timeframe 70184. The closing of the trading session of the 13th week 2024 near or above this resistance will be a confirmation of the market's readiness to go further. Sufficiently high interest in the coin is keeping the price up near resistance and will not allow the coin to move closer to the risk zones despite the fact that the halving is ahead, which is expected in about 20 days, namely April 18-19. On D1 a consolidation is forming between 0.786 and 0.618 fibo. In principle, a consolidation is formed, the potential of which is not for a reversal, but for a continuation of the movement, in our case it is a breakout of resistance 71K with subsequent growth to 75K and higher. But, it is not a 100% guarantee. The structure can be broken. It is worth paying attention to the level 70184, this level is indicated on W1. I prioritize tending to expect a continuation of growth, as indicated by the preconditions on various timeframes: H1, H4, D1, W1. Consolidation of the price above 70184, gradual compression of the price to the upper boundary of the local range - 71213 can forge a breakout, which will cause a bullish impulse that will resume the continuation of growth to 75K-85K-100K. But, if the market maker deems it necessary, due to the fact that he has not yet collected the necessary liquidity, he can break the structure, namely the break of support 68815 - 69000. In this case the market may move to 62400, 60760 or 59313. Besides, whales also have an interest to buy the asset at lower prices CME:BTC1! BINANCE:BTCUSDT CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
46
BTC - ready to reach 85k BTC will hit 85k in april according to my TA and calculations. this analysis is on 12h time frame and shows an important data. 🔸btc moving in an ascending channel as shown ... and it's 4 days move nearly and above 0.618 fib level 🔸the lower side of the channel , POC line and 0.618 fib level all gatherd in the green box shown in the chart making a confluence zone . 🔸elliot wave impulse as shown not completed yet. 🔸 only 21 days for btc halving Thank you, and for more ideas, hit "Like" and "Follow"!🎯 This analysis is not a trade setup; there is no stop-loss, entry point, profit target, stoplose. I share my trades privately.
Long
by ceciliones
14
Bitcoin - Relief rally soon, but then crash to 50k!Bitcoin is going down, as I was expecting in my previous technical analysis of Bitcoin (see in the related section below). What now? Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are going to pump during this relief rally, so make sure you have some. On the day down, we have 3 strong supports. The first support is at around 59340 USDT because of the previous significant swing low. Also, 20% corrections are classic in the stock market. The second support is at 53080 (fair value GAP) and the third support is liquidity below wave (4) at 50585. We are most likely going to hit the 50k level sooner or later, so be prepared! Then we can start a new bull market and reach levels above 100k later this year. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
BITSTAMP:BTCUSDShort
by Xanrox
94
🥇 GOLD - Support retest before further growth Gold may continue its growth amid huge buying interest. Central banks of major powers continue to actively buy the metal. Against the backdrop of the expected reduction of interest rates in the U.S., the potential for gold is also growing. From a technical point of view, for further growth the market-maker needs to liquidate orders below 2150 in order to gather liquidity to continue the upward movement. Reasons for further growth: 1) High interest in gold worldwide 2) Against the backdrop of the crisis, gold is a safe-haven asset 3) On the background of expectation of rate cuts, interest in buying increases 4) After a strong growth there is no fall. Consolidation is forming
OANDA:XAUUSDLong
by AndeWave
1
USDJPY → Rate hike negatively affects JPY USDJPY is preparing to continue its bullish trend amid strong sell-offs of the Japanese national currency. Medium-term target could be 155.0 Amid the change of tactics of the Japanese central bank, traders are still negative towards the JPY and are still very much increasing short positions. On D1 the market still has a strong buyer in the currency pair, this can also be interpreted as the absence of a seller. Previous: The central bank broke out of the negative rate trend by raising the interest rate for the first time in 17 years. Resistance levels: 151.786 Support levels: 150.800 Technically and fundamentally, the currency pair is preparing for the continuation of the bullish trend. A breakout of the nearest resistance will signal a continuation of the upward trend Regards R. Linda!
Long
by RLinda
4
BITCOIN can ascend further ! What Shall we Expect ?Hi. COINEX:BTCUSDT ✅Today, I want to analyze BTC for you in a 4H time frame so that we can have a Short-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). As you can see, BITCOIN is in an ascending channel and also recently managed to break the ascending triangle, if the price follows this pattern AB=CD will happen and the price will grow to top of the channel. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Ascending Triangle 🟢 bullish channel ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
3
TERADYNE (TER) a AI / Chip Sector Stock SHORTTER shown here on a 30 minute chart has asended in a diverging channel to the resistance of January pivot high shown in the line and zone drawn onto the chart. My idea is to short it from here targeting first about 106 which is the line drawn from a pivot before the paradoxical fall with a decent earnings report. The lower target is the support trendline of the channel or about 103.5. This is about a 6% potential trade and more with margin or put options. I expect the trade to last two days as falling down is usually quick than rising.
NASDAQ:TERShort
by AwesomeAvani
GOLD in Coming Days!!!Hi. TVC:GOLD ✅Today, I want to analyze GOLD for you in a DAILY time frame so that we can have a Short-term view of GOLD regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). As you can see, the price is in an ascending channel, the price in the channel has completed its five ascending waves and also the descending wave, as you can see, the price has now started its five ascending waves and the important points in the chart are clear. The price can easily increase up to $2300. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COMEX:GC1!Long
by CobraVanguard
1
OPUSDT Road Map🗺️!!! situation+next targets.Hi. BINANCE:OPUSDT ✅Today, I want to analyze OP for you in a Weekly time frame so that we can have a MID-term view of OP regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). All says above the incoming breakout and rally🚀 ✅ Due to the Ascending structure of the chart... 🟢658 Days of Ascending Accumulation 🟢Higher Lows Structure 🟢Fixation above the $2.6-$3 Major Supply Zone (Megaphone) 🟢Megaphone is under the Upper Band of Ascending Accumulation Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
GOLD → New Horizons. Price opens a new rangeFX:XAUUSD is getting a good medium-term signal on Powell's words yesterday. Metal is trampling its way into new horizons and probing new highs. Today the market is waiting for Initial Jobless Claims and PMI. M1 timeframe is pointing us to the approximate medium term potential which is capped at $2380-2400, price has entered a new bullish range. Yesterday's news from Powell gives the market the realization that the overall situation is improving and the time when the dollar will start to slacken on the back of rate cuts is getting closer. On the background of the news, investors continue to buy gold even more, as well as central banks of many leading countries of the world, which only favorably influences the price. Resistance levels: 2212, 2222 Support levels: 2200, 2195, 2175 Technically, the gold may test the support before rising further. The trend is strongly bullish. The liquidity area at 2195 plays an important role at the moment on the background of today's news, which is published at 12:30 GMT TVC:DXY COMEX:GC1! CAPITALCOM:GOLD Regards R. Linda!
FX:XAUUSDLong
by RLinda
31
Decoding BTC's Weekly Chart: Insights from SMC PerspectiveBTC has reached a critical point on its weekly chart, entering what we call the SUPPLY zone. This suggests that it might either pull back a bit or surge to new highs before dropping back down. We could see it go down to around 58k to 53k, but it's unlikely to dip below 50k. Why? Because there are new big investors who bought in at these levels and won't sell unless they're really scared or forced to sell. So, the idea of BTC dropping to 24k, as some have predicted, seems pretty unlikely for now. These zones act like strongholds, likely to cause BTC to bounce back up, possibly pushing it higher within the channel. But, if things turn sour and BTC breaks below these zones, the big players, known as whales, might start selling, setting off a chain reaction downward, where other big investors are waiting to buy at lower prices. Understanding the CHANNEL 📈 Think of the channel as the boundaries that guide BTC's price movement. Staying above these lines is crucial to avoiding a downward spiral. Conversely, we can expect BTC's price to soon hit the upper boundary of the channel, according to the weekly outlook. #BTC #ATH: Decoding the All-Time High If we take a closer look at the weekly chart, we'll notice something interesting: BTC's All-Time High (ATH) hasn't been surpassed yet. The bodies of the weekly candles suggest that a pullback might be on the horizon. The white line you see represents a critical level at the ATH, which BTC will likely test multiple times in the future. Breaking above this line would signal a new upward trend towards the channel's upper boundary.
by EpicTradingUK
EURUSD → Bullish trend structure breakdown FX:EURUSD is breaking the structure of the ascending channel and the market is trying to change the trend on the background of the strengthening dollar index. The market is waiting for news from FOMC & FED today. Globally, we have a neutral range in the format of a symmetrical triangle, with strong resistance at 1.095 - 1.10 inside, which restrains the price from further growth on the back of a strong dollar. It is obvious that at the moment, technically, the pair is preparing for a decline to 1.0795 - 1.070. Consolidation below 1.08597 will serve as a signal for further decline. Today at 18:00 FOMC & FED members and head will speak, where inflation and interest rate in the USA will be discussed. The slightest hint of a more hawkish view on the siutation amid high inflation could strengthen the dollar. In such a case the Euro will continue to fall Resistance levels: 1.08697. 1.08975 Support levels: 1.07958,1.0703 The news will determine the medium-term outlook for us. Most likely, the data may be negative for the currency pair, because against the background of high inflation regulators will continue to support the dollar. Regards R. Linda!
Short
by RLinda
5