Channel PatternHEY GUYS i just identified and drawn a channel pattern in BNBUSD, So we wait for the direction of the price break out and retest.
Channels
INJ - Descending ChannelINJ has recently entered a bearishn trading channel. price managed to bounce from the lower bound but it is showing weakness in its rebound.
If the lower bound gets broken down, there is room from further downside.
if the price manages to bounce back, it will have to fend off the upper bound of the channel before confirming the upward trend. Upper bound represents a good entry point for further short position
That all i observed last few months that is for learning purpose i share my ideas and research those who want to learn how i did you can send me msg on trading and follow my id
#BITCOIN Remote look - Price Channel Here we have a closer look at the Bitcoin price and how it is moving
Bitcoin price has broken the midline of the rising channel, then now has a test for the broken line
We expect it to act as a strong support in the future, and the price will launch from these areas strongly to higher targets
Please support the idea by clicking on the Like button and expressing your opinion in the comment box
Descending channelThe Euro is headed into winter under bearish conditions. Price is well under the 200 EMA, price is also trading downwards inside of price channel.
Sinusoidal movement in channel, GalaIn this post, I am not referring to physics and math equations and probabilities, I'm just saying that the Display method of the probability of a numerical event is between 0 and 1,
and just for easy recall in tutorials, I consider a number between 0 and 100.
0 indicates impossibility and we know that 100 indicates certainty.
Therefore, will explain this price movement detection method in a simple and concise way.
Consider a few general rules:
1- The price chart in a channel always tends to approach and return to the middle line of the channel.
This is true for all types of the uptrend, downtrend, and neutral channels.
2- Sinusoidal movement is dynamic (of course, I mean in the financial market) and the range of movement, speed, and volume can vary.
3- the price chart after hitting the middle line, faces 3 possibilities.
Usually, we consider these possibilities as 33 - 33 - 33 %
3-1- Reversal (pull-back ) to the previous direction.
3-2- Crossing the middle line and moving to hit the other line of the channel.
3-3- The price chart attached to the middle line of the channel continues to move.
(I will publish the third point and its reasons in another post because this one is a complete and long tutorial for himself)
4- usually In uptrend and downtrend channels, the movement angle of 45 degrees is the most appropriate movement angle to create sinusoidal movements (consider between 30 and 50 degrees).
And the 5:
"Keep this last point in mind in all the training you read and learn from different people.
From great masters in financial market analysis to an ordinary person like me "
** No theory, method of analysis, or analysis is ever 100% correct.
In probabilities, we always have the nearest states, which means that when we say 100 for the certainty of occurrence,
A probability may be up to 99.999999, but it is NOT 100%.
So remember that there is always a possibility of a movement or change contrary to our analysis, rules, or imagination, and
"This is one of the main reasons for placing a Stop-loss limit in trading"
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Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
EURUSD study of channel price Best Traders ,
channel price potential to break it down or trap to go up inside again , what good to know the price breaked out down out of channel price and bounced to retested , but untel yet is not enough for me te confirm the break out , i wait for price action say to me yes i will go down , its good for you to follow this study and keep looking for price action ,
i will make another update if there is a trade potential .
thanks
BNB short-term GrowHi friends.
Despite a bad news for inflation and us CPI comes 9.1
but we can see a short term grow in market i think.
in that case yesterday Binance burns about 450 milion $ worth of BNB.
and we are in a good support level.
in weekly timeframe we have 2 Resistance ahead:
one at 250$
and one at 315$.
if we surpass first level , we reach second simply.
315$ is also the median of Danchian channel.
hope you like my analisys.
please share me your opinion in comment.
i will be happy.
thank you all for reading my idea.
Don't forecast the future, use patternsAfter a huge down trend, ETHUSDT is accumulating for 25 days in a channel. As we know, trading in channel is quite simple: sell from the top, buy from the bottom. And don't think about future of the pair, unless you see the signlas shows that the pair is going to break borders. (the blue arrow and the red one). To make Breakthrough scenarios active, local correction of the pair should not exceed 20% of the channel range. On H1 you can see a flag formation, which gives additional scores for further down movement. Mean while, we use short strategies with short SL.
[Signal] AUDUSD: Bear-ing on Growth
Pair: FX:AUDUSD
Timeframe: H4
Direction: Short
Technical Confluences for Trade:
- Price action went below mid of Parallel Channel
- Stochastic Overbought momentum
- Wide EMA gap
- Resistance ceiling can be seen at the previous high levels
Fundamental Confluences for Trade:
- Growth outlook is slowly weakening across the globe due to high prices
- Weakening purchasing power will sap demand for commodities and Australia is considered as a commodity currency
Suggested Trade:
Entry @ Area of Interest 0.7200 - 0.7250
SL: 0.7291
TP1: 0.7110
TP2: 0.7065
RR: Approx. 2.27 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Descending Vs Ascending TrianglesThis chart shows the weekly USD index chart vs the daily ETH/BTC chart
The Descending channel results in a bullish outcome
The Ascending channel a bearish outcome
Will this be the end?NYSE:BABA
Today the overall market had a green day, many big names like TSLA and FB rallied more than 4% today. But the question I am going to ask is: “Do you think this is the end of the enormous channel BABA has been trading in? BABA started trading in this channel since 2020! But BABA sort of broke out today. But this could also be a bull trap. Today’s volume was just a tiny bit under average. Maybe this is the beginning of something enormous.
Please watch my related article about channels, at the related idea section. To learn more about this intriguing chart pattern.
Curious about your point of view.
Let me know!
This is no financial advice
US30 still pressured below key resistance levels 33450 and 34000Price action on US30 on a daily timeframe shows the index trades inside a descending price channel and is expected to continue trading within.
The technical bias is to go short on the DowJones from levels of resistance 33450 (in case bearish price action takes place) or the following resistance 34000 points which coincides with the upper limit of the price channel
neutaralBINANCE:BTCUSDT
In order to be able to see the chart rise or fall, we have to wait for the future price channel to be broken and confirmed.
A question: is this a channel? if yes you can profit from ita nice channel have formed in GOLD XAUUSD but it may take time to break the channel and give us a nice opportunity to enter the market
another question do you believe this channel or the other triangle pattern we have posted it before same on gold
or both can work together
AAVEUSDT is trying to have a breakout!The price is creating a descending channel after the breakout from the falling wedge as I told you on my previous idea
On the daily timeframe the price is testing the key level on 150$ and the market is trying to protect the low. On the 4h timeframe the price got a rejection from the daily resistance on 175$
How to approach?
The price needs to have a new breakout from the 4h dynamic resistance and daily resistance. the next valid key level is 190$. According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
EGLDUSDT Wants to have a breakout from the Weekly resistanceThe price got a rejection from the weekly resistance on 164$ and not the price is creating another bull flag above the previous descending channel
the price retested the previous dynamic resistance as new support exactly at 0.618 Fibonacci level.
How to approach?
The price needs to have a breakout from the weekly resistance and descending channel. Beware to the left, you can find the supply zone. So if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Bitcoin on a nice Trendline - BTC This trendline is starting to become somewhat interesting.
If this is real support, we might be in for real breakout of Bitcoin to the upside.
If we break that trendline, a third test of that major bottom of the price channel seems very likely.
IOSTUSDT is creating a descending channelThe price is testing the 0.786 Fibonacci level on the daily timeframe on the weekly support (0,028$)
On the 4h timeframe the price is creating the main descending channel and the market is creating a channel within it.
How to approach?
The price could retest again the 4h demain on 0.027 if the price is going to lose the dynamic support. According to Plancton's strategy , we can set a nice order
The scenario is invalidated if the price is going to have a breakout above the monthly resistance (0.32$)
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Channel Trading On Luna 11/04/2022Channel Trading consist of price fluctuating between two parallel lines which forms the channel.
We look to buy when price is bouncing off the trendline connecting the Hl and look to sell when on the upper trendline connecting the HH
I wont speak too much on Channel Trading but if so please drop a comment.
We have the bearish set ups on the left side of the screen with the bullish set ups on the right side.
The green bubbles produced long entries whereas the purple bubbles produced short signals.
BINANCE:LUNAUSDT
ETHUSDT is creating a channelThe price is creating a channel between the demand and supply zone on 4h timeframe.
on the daily timeframe, the price is trying to hold the 34100 support and retested the previous W's neckline.
on 4h timeframe the price lost the channel, and now the price is testing the previous dynamic support as new resistance
How to approach?
- for a bullish scenario, the price needs to flip the 3520$ with volume and momentum, the price created a double top on it.
- Otherwise, if the price is going to lose 3240, we could see a retest of 3k
According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
USDBRL: Channel with 7 descending consecutive maximumsMajor Pattern: Symmetrical Triangle
Weekly Anticipatory Pattern: Channel with 7 descending consecutive maximums
