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Ascending Channel

GBPUSD - New Buying Opportunity !Hey Traders 💖 On The Daily Time Frame The GBPUSD Price Reached a Key Level (1.24482-1.25258) The Price broke and closed below a key daily structure support . The GBPUSD Formed an Ascending Channel, Currently The Price is Testing The Support Line of The Channel ! if price stays above the key zone, GBPUSD can continue the bullish move ! ----- TARGET 1: 1.24985🎯 TARGET 2: 1.26195🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Long
by Hsan_BenAhmed
1
Bitcoin - Last chance for the bulls or 10k! (important range) This is the last chance for the bulls to hold this very key range; otherwise, it will be devastating for the price of Bitcoin. If this range fails, it will trigger a 3rd impulse wave, which is usually an incredible flash crash. You want to be in USDT if this happens. I am already prepared for it, so I am good. From the Elliott Wave perspective, we have a strong bearish setup, and usually what you want to do is catch the third wave and short Bitcoin, of course, on the futures market. Third waves provide the best risk-to-reward ratio and are also the most time-efficient because you will close your position pretty quickly. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Could Bitcoin still pump to 32K? Of course it could, but the chances are lowering, and you don't want to speculate on it at all because speculating on 5th waves involves a lot of risk, such as a truncated 5th wave, a swing failure pattern, or it can completely fail and turn into an ABC wave. If this range fails, the next stop is 25K and then 20K. I shared with you my levels and where Bitcoin could bounce off them, so make sure you check out my previous idea in the related section down below! You want to use these important levels. The true bull market will start in January 2024, as per my calculations. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
101
USDJPY in a Downward ChannelUSDJPY has been trading in an upward channel for the past month, which suggests a bullish trend in the pair. However, over the past week, the price has consolidated into a downward channel, indicating a possible reversal or correction in the trend. It is important to note that a downward channel is a continuation pattern, which means that it is likely to continue in the direction of the previous trend. In this case, as the previous trend was upward, it is possible that the price may break out of the downward channel in the upward direction. Traders should keep a close eye on the price action to identify the breakout direction and time. A break above the upper channel line would confirm the bullish continuation pattern, and traders could look for long opportunities. On the other hand, a break below the lower channel line would signal a bearish reversal, and traders could look for short opportunities. It is important to exercise caution and wait for confirmation before taking any positions, as false breakouts can occur. Additionally, traders should use appropriate risk management strategies to limit their exposure to potential losses. In summary, while USDJPY has been in an upward channel for the past month, it has consolidated into a downward channel over the past week. The continuation pattern suggests a potential upward breakout, but traders should wait for confirmation and use appropriate risk management strategies.
Long
by lukaswils
AUDJPY: Possible upward continuationThe AUDJPY currency pair has rebounded after touching a yearly ascending trendline on the weekly chart. Current indicators suggest that the uptrend is still intact, but a price level of 91.10 must be surpassed for confirmation. On the 4-hour chart, the price is moving above the 100 and 200 moving averages and forming higher peaks within an ascending channel. The price has now reached a support area due to touching the ascending trendline and the 23.6% Fibonacci retracement level of the 100 moving average. The expectation is that the price will continue to rise beyond the current resistance level. ---------------- Please share your thoughts in the comments and support the idea by liking it. Follow us for more trading ideas. Your support is appreciated.
Long
by Candlestick_OB
Ethereum - The downtrend is over! Time to buy again. Ethereum is approaching a key support, and it's a good time to buy/long!  If we take the Fibonacci retracement for wave 3, the price is very close to the 0.618 level. Also, the previous wave 1 acts as a strong support, so we have a great confluence from the Elliott Wave and Fibonacci perspectives. We should go up and make a new high to complete the impulse wave on this chart. I expect another small bull market on Bitcoin. On the 4-hour and daily charts, we can clearly see an ascending parallel channel that has been destroyed by the bears recently. This channel should be at least retested, but I expect more. What happens after we finish this impulse wave? You don't want to hear it, but Bitcoin is going to crash to 15k, so make sure you are prepared for it! The true bull market will start in 2024. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
60
Is this the top for Bitcoin?One of the top reasons why i am turning bearish and puting my 46k level on hold is because bears have turned bullish after we broke every target that they set. We also have volume decrising on the every push up which is the indication that the buying pressure is slowing down. On the weekly timeframe we have a ascending channel that we just touched so rejection should come. However on the 4 hourly timeframe we have ascendig channel and i expect a move up until we reach 31.2k where i am going to short, of course with the proper stop loss because we are still in abullish trend. What do you are we going to get rejeted from the weekly channel. Feel free to leave a comment. If you like my ideas please follow me and like the post because you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. Thanks for wathing. BTC TO THE MOON!!!
Short
by Mladen94
DXY - Dollar comeback and stock market crash! (prepare for it) The DXY index is currently sitting on the major support, and at this point, I think it's a good idea to speculate on a bounce from the support. As you can see, we have just retested the trendline on the monthly chart and retested wave (3) + wave 1. From the Elliott Wave perspective, we are missing a final impulse wave upwards to complete this bullish cycle on the DXY index: 2008 - 2023(2024?). Use your Elliott Wave count to compare with my analysis. The final wave 5 should end right above the previous wave 3 because of the wave 2 deep retracement. I do not expect any brutal extended wave 5 to the moon. After we reach my target (around 116), the ascending parallel channel will breakdown and the dollar will go down. I do not trade forex or stocks, because my specialization is only in the crypto market, but I am not only a trader; I am also an analyst, and I enjoy doing analyses for all kinds of markets. For maximum performance, it's best to focus only on 1 area, such as only on crypto, only on stocks, only on forex, only on commodities, and so on. The market behavior absolutely differs, and you have to use different tools and strategies. A strategy that is profitable on crypto gets totally REKT on forex. People who say that his strategy or trading system works on all markets are either scamming you or lying to you. As I said, DXY is sitting on the major support on the monthly chart, and usually you want to long supports and short resistances. In this case, we want to long the support. If DXY drops below 99, then it's over, and this channel is going to break down. Everything indicates that the recession is pretty much inevitable. And when the Fed pivots, a market crash is almost guaranteed. Now the question is, when will we rise on the DXY? We could start consolidating at these levels before an uptrend, or we can start an uptrend very soon. This is an analysis of the monthly chart, so it could take another few months! Q2 2023 could be still bullish for the crypto market! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
TVC:DXY
by UnknownUnicorn2537518
107
SPX: Powerful Breakout! The Index Seems Unstoppable (For Now).• The SPX triggered the pivot point at 4k, which we mentioned in our last analysis, and the trend is now bullish (the link to my previous analysis is below this post); • Now, the support levels are: 21 ema; 4k; and the lower purple trend line. The SPX would have to lose all these support levels, doing a downwards breakout from its Ascending Channel, in order to reverse the bullish bias; • In the daily chart, the index broke the trend we talked about in our previous study, indicating that it is reversing the trend; • What’s more, it triggered a bullish pivot point, as it broke the previous high at 4,039 after doing a higher low (3,909); • Now it appears the index is seeking the next resistance at 4,078 (Futures already hit this resistance level); • There is a possibility that the index triggered an Inverse Head & Shoulders chart pattern as well, indicating that the bullish reversal has just started. In this scenario we would easily hit the 4,200 in the next few weeks; • I’ll keep you updated on this. For now, let’s pay attention to the movements in the 1h chart. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
1
Ethereum - Secret bear flag! (70% crash target) Ethereum shows a lot of weakness on the major timeframe. You can see that the downtrend was pretty steep, and now we are in a bullish correction / consolidation. The chart is printing a big bearish flag or ascending parallel channel, and I think we should test the upper trendline first before continuing lower below 900 USDT. The bear flag is a little bit hidden, but you can spot it with a little skill. We have been consolidating within this bear flag for almost a year now. At least a 30% pump is very possible at this moment, and it will be a great time to take profits before a huge crash! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. You can see my Elliott Wave count on the chart. I don't know whats yours, but you can take some inspiration. A lot of people are very bullish at this moment, but the chart does not look bullish. A trendline from 2015 on the ETHBTC chart is breaking down, which is a significant bearish technical event. Make sure you check out the trendline in the related section down below! I can say that the majority of people are refusing to accept the fact that ETH and BTC could continue in the bear market. I can see it below my previous posts in the comment section, so I can make a pretty accurate conclusion. I also use this indicator for my analysis. The major crash could occur in September 2023 or later. Now I think ETH will go up by 30%, even though I am not going to speculate on any longs at this point on ETH. Choose some better altcoins, such as WAVES! Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
56
TSLA: Lots of Technical Movements.• TSLA is still trading inside a congestion, between the resistance at $200 and the support around $186 - $187, which we talked about in our last public analysis (link below this post); • Yesterday, TSLA did a downwards breakout from an Ascending Channel (purple lines), just to hit its support at $186 again, and now, TSLA is retesting the bottom of the channel as a resistance, as evidenced by the last red line; • This movement follows the Principle of Polarity, which states that previous support levels are supposed to work as future resistance levels, and vice-versa; • Despite the good reaction above the 21 ema, this alone isn’t good enough to make TSLA fly again. • In the daily chart, we see a series of 6 bearish candlesticks, while it is just moving sideways. This is a sign of weakness, but as long as TSLA remains above its key support at $187, and the 21 ema, the trend will just remain sideways, not bearish; • In order to do something new, TSLA needs to do a clear breakout from this congestion. So far, there’s no evidence pointing towards any direction, but probably we’ll see something new soon. • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
BITCOIN close to ascending channel resistance area ❌🧨Hello 🐋 we expected the retest of the resistance zone to be completed ✔️ if the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction, at least to our lower trend line ❌🧨 otherwise we can see more gain to upper resistance level ✔️🚀 if breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨 brief amount of green candlesticks to the upside before any other movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
8
Bitcoin is retesting a trendline from 2013! (right now) This trendline is 10 years old, and Bitcoin is currently retesting it from the opposite direction. If this was the same trendline on the 1h chart, it's likely to go down at this point. We have multiple touches on this trendline: 2013, 2015, 2015, 2020, and 2022 on the LOG scale. Make sure you switch to LOG scale to see it. So what now? Will the bears step in and send bitcoin to 10k - 15k? Let me know in the comment section. I look forward to your comments! But I want to tell you that this trendline is parabolic, and if it is reclaimed and followed, then theoretically the price of Bitcoin will be around 5 000 000 dollars in 2030, which is absolutely almost impossible, and the higher chance is that this world will end than this. On the chart, you can also see previous halving dates and a prediction for the next halving, which should occur on April 8, 2024. Historically, Bitcoin always goes up after the halving, but we still need to wait more than a year for this event. Meanwhile, we could experience a huge flash crash to liquidate high-leverage traders with a strong and steep rebound back to 30k. Bitcoin is very volatile, and a 50% or 80% crash is nothing. I hope you like this short and juicy description. I don't want you to spend too much time reading, so let's get straight to the point. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSD
by UnknownUnicorn2537518
83