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Ascending Channel

Buy XAUUSD Channel FormationThe XAU/USD pair (spot gold) on the M30 timeframe displays a potential buying opportunity due to the presence of a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel, characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure. Recent Price Action: The recent price action shows the price holding above the support line of the channel, indicating continued bullish momentum. Buy Entry: Consider entering a long position around the current price of 2026, positioned near the support line. This offers an entry point close to potential buying pressure. Target Levels: Initial bullish targets lie at the previous resistance level within the channel, now acting as potential support: 2046. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. If Price Breaks the Channel, its Starts Bearish like, Channel Breakout Pattern. Thank you
OANDA:XAUUSDLong
by KABHI_TA_TRADING
6
ETH - last wave up, then a 16% crash!Technical analysis Ethereum is bullish, but do not be too much excited about it. Buying at the current price is simply not worth is as per my technical analysis. We can see that the price of ETH created 2 unfilled Fair value GAPS below the current price. Usually these gaps tend to be filled sooner or later. Wait for the uptrend to end and then take a fibonacci retracement tool and look for the 0.618 level. From the Elliott Wave perspective it looks like a wave 5 can be in progress, but we do not want to long waves (5) as often there is only a liquidity sweep above the previous wave (3) and then a massive crash follows. Daily RSI overbought region, weekly RSI overbought region. 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.
Short
by Xanrox
44
Nvidia - It Is Finally TimeHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: In 2019 Nvidia stock started creating a long term rising channel and retested the lower support trendline the last time in 2022 before we saw a massive +600% rally on this stock. Nvidia is now retesting the upper channel resistance which I mentioned in the analysis and there is a quite high chance that we will see at least a short term correction towards the downside from here. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:NVDA
by basictradingtv
10
AVAX/USDT Bullish Channel In H4A chart of the AVAX/USDT currency pair on a 4-hour timeframe. The chart displays a Bullish channel pattern. Bullish Channel : The Price has been Trading within a Bullish Channel for Some time, characterized by a resistance line at the top and a support line at the bottom. The price is currently trading at Bottom of channel pattern, if Breaks the Downside then it start Bearish Sign. However, it is still early to say whether this is a genuine breakout or a false signal. Recent News: Music industry eyes DeeStream presale after Ethereum and Avalanche whales join: This news suggests potential increased interest in the Avalanche network from institutional investors, which could be positive for AVAX price. Thank you.
Long
by KABHI_TA_TRADING
1
EURJPY → A break of resistance will lead to a rise to 164.0FX:EURJPY is realizing the potential of rebound from support and forms a retest of resistance. At the moment consolidation is forming above the level, which increases chances for further growth. Globally, the currency pair continues to form a strong bullish trend, having left the previously formed ascending channel, which is currently a strong support area. The price is retesting the resistance at 161.87, after a small correction the chances of breaking through the level are increasing. The weakness of the Japanese Yen is quite clearly shown on the quotations. The price consolidation above 161.4 will allow to overcome 161.870 and continue the growth towards the range resistance - 163.6 and 164.2. Resistance levels: 161.87 Support levels: 161.4, 160.9 The currency pair continues to strengthen, buyers are quite active. Consolidation above 161.4, breakout of 161.87 and consolidation above this area will form a local bottom for continuation of growth. Regards R. Linda!
Long
by RLinda
4
BUY EURJPY Bullish Channel PatternThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure. Buy Entry: Consider entering a long position around the current price of 161.50, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 162.02 and 162.35, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel at 161.00. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_TA_TRADING
1
MSFT to $395Overview Microsoft ( NASDAQ:MSFT ) appears to be within an ascending channel and has reached the resistance line that coincides with the peak of an impulse wave (Wave 3). Utilizing the impulse waves within the channel, a price target of $395 seems probable and may provide a decent Puts trade. If the ascending channel provides textbook formation then a low of $365 is also possible, however, volume and selling pressure should be carefully watched around the $395 price level as steeper declines will require more validation. The following technical indicators give me confidence that significant selling pressure will soon occur: Volume -- except for a single outlier in December -- has been steadily decreasing since the channel developed. On-Balance Volume appears to have reached a ceiling that will need to be carefully watched in the event of a breakout. Relative Strength Index shows an RSI (green) retreating from the overbought zone. While it is experiencing a slight uptick back to the MA (red), there is still plenty of room until the indicators approach oversold or for the RSI to cross from beneath. Moving Average Convergence Divergence (MACD) has just crossed its signal line (red) from above and is nosediving downward. In addition, it is showing a divergence as the peaks of the MACD are inverted from the peaks of MSFT's share price.
NASDAQ:MSFT
by Shepherd_Investor
BITCOIN → Retest 48K. Should we wait for resistance breakout?BINANCE:BTCUSD confidently consolidates above 42K, thus forming an intermediate bottom, after which the price tests the currently important resistance 48234, but does not reach it and forms a rebound. Idea: BTCUSD → Consolidation after the rally. What's next? Earlier we discussed the importance of the 42K level, which was tested by the flagman for a long time and at some point, when the market calmed down after a huge burst of selling, buyers successfully consolidate above the level, thus marking it as the strongest support at the moment, forming a bottom, strengthening to 44500 with the subsequent break of resistance and growth to the global resistance. This once again proves that the coin has huge interest, excellent fundamentals and technical analysis. Pic: Formation of intermediate resistance at 47281. The price is closing close to the level At the moment we are interested in the resistance 47281. And we are interested in it because this level was formed earlier on D1 and was also tested. Today the price reaches this level and forms a false breakout, but the most important thing is that the daily candlestick closes very close to the level. Based on this we can assume that the consolidation distribution is not over. Buyers are strong, but after the false breakout, from a technical point of view, a pullback is needed. The pullback could be directed towards 0.236 fibo, 45500, or 0.382 fibo. The signal that will indicate the market's readiness to break through resistance and growth will be a pre-breakout consolidation at 47281 and whether the retest, which will be slow (slow price approach to the level). Pic: Bullish trend in BTCUSD. The price is coming out of consolidation Prospects are excellent at the moment. There is no strong decline amid the rally since last fall. Price is moving from distribution to consolidation and further into distribution, which is a strong pattern indicating huge interest. Resistance levels: 47281, 48234, trend resistance Support levels: 0.236 fibo, 45500, 0.382 fibo The trend is bullish. Friday session closing indicates that the market is ready to continue the growth, but, the formed false breakdown may give a small correction before further growth CME:BTC1! AMEX:GBTC CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
63
YFII is pumping, is 350% possible in the short-term?YFII is pumping; this is pretty clear. But will this pump continue? I think so! Why? Because we have this parallel channel on the weekly chart, and the price is currently near its support line. From a fundamental perspective, this coin is really strong, and whales are buying. It is a huge deal for the banks and big corporations. The ABC correction is complete, which is pretty clear. This is a great bullish setup. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! DFI.MONEY (YFII) originated as a hard fork of yearn.finance, the aggregator for DeFi returns created by Andre Cronje. Cronje left the original incarnation of yearn.finance, iEarn, in early 2020, only to return to continue its development, whereupon its popularity grew considerably as DeFi became more mainstream. In July 2020, mining and farming of yearn.finance’s YFI token ended, and a proposal to protect liquidity provision from whales earned 80% support among protocol participants. However, it was not adopted due to not meeting yearn.finance’s requisite 33% quorum requirement. As a result, a group of users opted to hard fork the protocol to create DFI.MONEY, with its own token, YFII. The hard fork implemented the proposal, known as YIP-8, which makes YFII rewards decrease each week, following a pattern popularized by Bitcoin (BTC). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
YLong
by Xanrox
13
EURJPY → Trend movement continues FX:EURJPY is recovering mainly on the background of the growing euro, which is reacting to the falling dollar. The currency pair has local resistance ahead. On D1 we see a weak uptrend, but, the bullish reaction in the market followed after the retest of the false breakdown of the 50-day moving average and this is quite a positive sign as the market is trying to consolidate above the strong support at 158.0. There is an ascending price channel forming on H4, which also coincides with the global trend in its direction. Hence, it is convenient for us to consider buying on this market. To buy, we should consider a rebound from support or a breakout of resistance. The target in our case is the border of the range 161.4. Support levels: 158.6, 159,25 Resistance levels: 160.0, descending resistance. The currency pair may continue the recovery stage. The breakout of the nearest resistance will only accelerate the distribution after the correction. Regards R. Linda!
Long
by RLinda
9
GBPUSD → Consolidation breakthrough. Attempt to change the trendFX:GBPUSD is coming out of the longitudinal consolidation by breaking the lower boundary. The accumulation has been forming for two months. Price breaks support, updates the low and forms a correction to the previously broken level. The dollar index is in a bullish phase, after updating the local high, a correction is forming and the forex market is reacting to it. Most likely the dollar index will continue its growth. Today, at 19:00 the FOMC Bowman will speak, and the current situation on inflation and interest rate will be commented. Technically, from the currency pair we can expect a false breakdown of 1.2615 with the subsequent decline to the levels: 1.2506, 1.2380 Resistance levels: 1.2615, 1.276 Support levels: 1.2506, 1.2380 The currency pair is forming an attempt to change the trend. If the shift is confirmed, the phase of accumulation realization (distribution) may last long enough, the strengthening of the dollar may support the GBP bearish trend. Regards R. Linda!
Short
by RLinda
11
GBPJPY → Level retest, market tries to break the boundary OANDA:GBPJPY is breaking through the 188.3 boundary, formed last year, on the back of another resistance retest. Consolidation of the price above this level will form the potential for further growth. The currency pair was in the phase of sideways movement (flat) for a long time. But, the movement of the last two weeks gives us a premise that this flat may be broken in the near future. Yesterday, the currency pair formed a bullish candlestick that overcame the mentioned flat boundary. The session closes above 188.3 and also at its highs, thus forming a local level - the high of the day - 188.5. A retest of this level is possible in the near future. Our task is to wait for price consolidation above 188.3 - 188.5. This will be a confirmation of the market's readiness to continue the bullish trend. The target in this case will be 190.0 - 191.0. Resistance levels: 188.3, 188.5 Support levels: 187.38, ascending support line I expect the trend to continue, the whales are forming a quick retest of 188.3, which signals the possible end of the flat and the market's transition to the distribution phase and bullish trend. Regards R. Linda!
Long
by RLinda
1
ICP - can 1093% this year! Buy now.ICP looks really strong; the uptrend just started, and I am expecting another 1093% pump in the immediate short term. We can see that the price is moving in this ascending bullish parallel channel, and we have a lot of space for growth. From the Elliott Wave perspective, wave 1 ahs been completed, and wave 3 is usually the strongest wave. You do not want to miss this uptrend. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! The ICP token has three main utilities. Firstly, ICP provides a source of “cycles” that are burned to power computation (thus when ICP is converted to cycles, it disappears, creating deflationary pressure). Secondly, ICP can be staked in the permissionless Network Nervous System DAO that governs the Internet Computer blockchain, creating voting neurons that generate voting rewards. Thirdly, ICP plays the role of a store of value, for example allowing users to invest in decentralization sales run by web3 services.
Long
by Xanrox
7
Bonk is ready to go higher (500% profit)Bonk is in extremely huge bull market, as you can see on the chart. I expect another pump because market never ends its uptrend in such way. We want to see a bearish divergence on the weekly chart first. if you buy now, a 500% Profit is really likely. We need to complete wave (5) to finish this uptrend. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Nearly half of the total supply, i.e. 50 trillion coins, is distributed among those who maintain the Solana blockchain and contribute to the development of the community in any way possible. According to Orca, a DEX built on top of the Solana blockchain, the airdrop resulted in approximately $20 million in trading volume. Since $BONK was listed across a number of popular crypto exchanges on December 30, 2022, the token has grown by over 2,000% in a week. Some projects built on Solana have already integrated $BONK as an option to make payments for NFTs, while others have provided users with the opportunity to earn BONK tokens for staking NFTs. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
9