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Ascending Channel

ETH → Conglomerate of bullish patterns. Waiting for growth ↑Ethereum COINBASE:ETHUSD is forming a conglomeration of bullish patterns amid a strong uptrend that continues to show chic preconditions for further growth. On W1, the price forms a retest of the resistance of the uptrend range. The price successfully fixes above the strongest support zone 2041 and in fact the bulls define for themselves the lower boundary of the range, beyond which they have no right to let the price go. The area of 2300 is important for us in the medium term. This level shields us from a new range with the width of 55% of the price movement. I've seen two scenarios on the 4H timeframe. But first we should pay attention to such nuances as: bullish trend (strong), ascending triangle, the breakout of which continues to influence the price formation, as well as the bullish pattern "flag", which can be interpreted as: correction on the bullish trend before the continuation of growth. Support levels: 2190, 2131, 1980 Resistance levels: ascending resistance line and 2030 On the background of the retest, a false support breakdown is formed and the market forms a pin-bar candlestick - a strong signal for further growth. In addition, the conglomerate of bullish patterns " ascending triangle " and " flag " also forms the expected bullish potential. In the near future we expect the realization of one of the above scenarios with further growth. Regards R. Linda!
BITSTAMP:ETHUSDLong
by RLinda
3
🚧Bitcoin is bullish🚧 & many Traders don't see it 👀!!!As you can see, Bitcoin has reached the ceiling of the ascending channel after going through 5 ascending waves and now it is time to correct the price a bit. In my opinion, the past can be repeated, and as shown in chart AB=CD. Price After reaching the PRZ ZONE the price can have a good growth. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️
Long
by CobraVanguard
EURUSD → FED & FOMC Expectations. Will the situation change?FOREXCOM:EURUSD is forming consolidation in the phase of waiting for news related to inflation and US monetary policy. Based on the expected news and past data, there are a few nuances. The TVC:DXY is leading an interesting life on 4H tf. The index is gaining a bullish stance, we can tell by the long shadows and the price pushing towards a strong resistance area that may be broken. PPI is ahead (analysts expect positive data for $) , Friday's NFP is also positive (this leverage is still in place) for DXY. And also ahead of Fed IRD - it's too early to talk about a rate cut, inflation is falling, but there is not enough potential to change Powell's views yet. Technically, on the background of the news, I expect a retest of the mentioned resistance area of EURUSD (1.083 - 1.081) with a subsequent fall, as the dollar is supported by strong fundamentals and expectations, in which case the forex will continue its downward correction. Support levels: 1.0756 Resistance levels: 1.083-1.081, 1.0800 The SMAs are showing the beginning of a change in sentiment as the fundamental backdrop is weakening for the euro. Based on the expected news, the dollar could rise, which would weaken the currency pair. But again, the main nuance of news is its unpredictability! Regards R. Linda!
Short
by RLinda
1
🇪🇺 EURUSD 🇺🇸 - Support retest before the newsEURUSD is testing trend support. A false breakdown is being formed. It would be logical to buy against the uptrend support. But today CPI is published. The data may overshadow buyers, as inflation is still a problem. Analysts expect the CPI to rise, which may have a negative impact on the euro Growth with further support retest is possible: 1) False break of channel support 2) Fundamentally the situation is changing 3) Bears came to the market 4) The dollar may strengthen on the news 5) Euro may fall from key resistance
Short
by AndeWave
6
HBAR: $0.1 SOOON ! Get ready for Breakout🌐 Hello Crypto Enthusiasts, Exciting developments are underway on the HBAR chart, and it's time for a closer look! HBAR has recently undergone a double retest of a crucial trendline that has been shaping its trajectory since 2020. The market is now in a consolidation phase, presenting an imminent opportunity for a breakout. Let's dive into the details of this chart setup. 📊🚀 Analyzing HBAR Chart: Setting the Stage for a Breakout Double Retest of Long-Term Trendline: Historical Significance: The trendline in question carries historical significance, originating from as far back as 2020. Double Touch: HBAR has recently achieved a noteworthy feat by retesting this trendline not once but twice, emphasizing its relevance. Range Trading Dynamics: Consolidation Phase: The current price action indicates that HBAR is in a consolidation or range-trading phase. Trendline as a Pivot: The lower trendline is acting as a pivotal support, putting pressure on the price and setting the stage for potential upward momentum. Anticipating the Breakout: Technical Indicators: The double retest and consolidation suggest an imminent breakout scenario. Volatility Awareness: Traders should be prepared for increased volatility as HBAR approaches a decisive point in its price action. Trading Strategy Considerations: Breakout Confirmation: Upper Resistance Break: A confirmed breakout above the upper resistance of the range would signal a bullish continuation. Volume Confirmation: Verify the breakout with increased trading volume for added confirmation. Risk Management: Protecting Capital: Traders are advised to implement robust risk management strategies, considering potential volatility. Stop-Loss Placement: Determine strategic stop-loss levels based on risk tolerance and technical analysis. Price Target: Initial Target: The first price target following a successful breakout could be set at 0.1, considering the historical context and technical analysis. Conclusion: As HBAR hovers on the cusp of a potential breakout, traders and investors alike should monitor the situation closely. The double retest of the long-term trendline and the current range trading dynamics make HBAR a coin to watch for potential price acceleration. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
2
🇳🇿 NZDUSD 🇺🇸 - Three tops give a false breakdown of the chanNZDUSD bumps into a strong resistance, where the third retest of the local maximum does not lead to a result and a reversal pattern is formed on the market, which goes to the stage of realization. False break of the channel resistance opens the way to the trend support. The beginning of correction ↓: 1) Triple top 2) False break of channel resistance 3) End of the fifth wave 6) Weak fundamental component
Short
by AndeWave
2
DESO on the move?In our previous idea on DESO we showed that there was a bullish wedge pattern forming. That pattern broke out to the upside yesterday however the trading today has negated almost the entire move up. This has lead to the potential formation of rising channel on this coin. Marketcap for DESO has gone from $100M (at the time of previous idea) to $120M which shows 20% growth however in crypto markets in general and for this kind of project in particular, this move shows that there is a lot of room for growth and we have only seen fraction of it. We still expect this to be a MUN:10B blockchain at the peak of bull market, i.e., 100x growth but we will have to wait an see how it pans out. Note: This is not financial advise and should only be used for educational or entertainment purpose.
DLong
by figuring_out_the_dream
EURUSD → Bullish NFP figures for USD may drop EURFX:EURUSD is declining and testing the local minimum on the background of strengthening of the dollar. The price is retesting MA-200 , which only increases the chances of further decline. Today, at 13:30 GMT we will meet the NFP data, to which the market reacts quite strongly. In general, analysts expect an improvement for the dollar, as 180K is expected relative to the previous 150K . After the publication of yesterday's Initial Jobless Claims, the reality is closer that the market could see NFP 180K , if not more, as the overall market situation is improving and the fundamentals support this. EURUSD may react with a fall to the possible strengthening of the dollar, but before the fall the price may test a local high, for example 1.08170. Overall, the chart clearly shows the approximate potential. A false breakdown of resistance of the ascending channel opens the possibility to see a sell-off towards trend support. Support levels: 1.0760 Resistance levels: 1.0800, 1.08170, channel resistance In general, bullish news is expected for the US market, which may weaken the euro and the currency pair may fall. But this is news and no one knows in advance what can happen, we only try to see the scenario with a higher chance of realization FX:EURUSD TVC:EXY TVC:DXY Regards R. Linda!
Short
by RLinda
4
NEAR/USDT ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽‍♂️ Ascending channel + rsi overbought 🟠 EP 2.263 🔴 SL 2.445 🟢 TP1 2.065 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️ 🟢 TP2 1.896 ⚠️ ( Close 33% of the trade )⚠️ 🟢 TP3 1.717 🔥 ( Final result)🔥 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by UnknownUnicorn60802882
BTCUSD → Pre-breakdown consolidation near resistance COINBASE:BTCUSD looks confident enough to continue its growth. The fundamental background and market expectations continue to support high interest in the flagship of the crypto market. Bitcoin practically does not react to the news related to the Binance case, the local decline was quickly bought out and the market performs another retest of resistance, while one of the largest crypto exchanges withdraws huge money. Bitcoin on the global chart has entered a new bullish range, the support of which is the area of 34000-36000, the target of range trading is the area of 42000-44300, then the maximum of 48234 plays a psychological role, because behind this area there is a huge pool of bearish liquidity. In terms of technical analysis we see the formation of ascending triangle on the background of global bullish trend. The pattern is formed at the resistance of the ascending channel. Consolidation is gaining potential for the formation of the movement, if the fundamental background remains as strong in the near future, the market will try to realize the potential of the ascending triangle. A breakout of the resistance area will bring prices to a new level and in this case it will only accelerate the growth of bitcoin value. The breakout of the resistance of the ascending channel in the area of: 37600 - 38000 - 38500 will form the potential for growth towards 40600 and 44350. Reasons why we expect growth to continue: - Strong bullish trend - Strong fundamental background - There is no proper reaction to the retest and false breakdown of resistance, the price does not fall, but forms a local correction, within which it cannot even update the local minimum. - Consiliation is formed and the price is pressed to the resistance. Support levels: 35700, 35000, 34500 Resistance levels: 37500, 38000 In the future, I expect the continuation of growth and a breakthrough of resistance on the next retest. Targets are indicated on the chart CRYPTOCAP:TOTAL CME:BTC1! CRYPTOCAP:BNB Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
8