Price Channel If the pair moving within the price channel breaks the channel, the next target will be the channel width. Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations. Burada yer alan yatırım bilgi, yorum ve tavsiyeleri yatırım danışmanlığı kapsamında değildir. Yatırım danışmanlığı hizmeti, bireylerin risk ve getiri tercihleri dikkate alınarak bireysel olarak sunulmaktadır. Burada yer alan içerik, yorum ve tavsiyeler hiçbir şekilde yol gösterici olmayıp genel niteliktedir. Bu öneriler finansal durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanarak bir yatırım kararı vermek, beklentilerinizi karşılayan sonuçlar vermeyebilir.
Channels
DXY (D) Horizontal Price ChannelInvestment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations. Burada yer alan yatırım bilgi, yorum ve tavsiyeleri yatırım danışmanlığı kapsamında değildir. Yatırım danışmanlığı hizmeti, bireylerin risk ve getiri tercihleri dikkate alınarak bireysel olarak sunulmaktadır. Burada yer alan içerik, yorum ve tavsiyeler hiçbir şekilde yol gösterici olmayıp genel niteliktedir. Bu öneriler finansal durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanarak bir yatırım kararı vermek, beklentilerinizi karşılayan sonuçlar vermeyebilir.
MATIC REACHED TOP OF CHANNELMATIC has reached the top of it's upward channel.
RSI Oversold on the 4H. Volatility is high, a break above the top of the channel wouldn't be surprising but a sharp move down is likely to follow.
When that downmove comes I expect to see a pullback down to 0.618 Fib level to start, and potentially to the bottom of the channel.
Like and follow for more ideas.
(This is not financial advice, do your own research)
channels? is channel in price action are reliable as my opinion channels are one the most reliable tools that we can use in trading and also investing.
the most important think in channel trading is power of the lines some time's we consider that a breakout is happening but if we focus on the higher time frame chart we found that it was a fake breakout that happened ant trapped non experienced traders in the trap
ps. blue line is my position fielded
How To Use The Trading View Parallel ChannelsHey wits, it's currently 1am and I thought why not drop some tutorials cos' it's Saturday. Most aren't familiar with the trading view tools. So, we're here to help.
Watch the clip to get started with the trading view parallel channels.
Leave a comment and smash the like button if you found this helpful.
$US500 S&P500 is about to backtest the "old" channelThe S&P500 broke back into its price channel that startet on 30th october 2020
and is about to backtest that old demand line, if it is support again.
If market bounces off of it, we might be up for a wild rallye to the upper end of the channel.
If we fall below it, watch the 4.550 level for support.
What is a Price Channel?A PRICE CHANNEL APPEARS ON A CHART WHEN A ASSET'S PRICE BECOMES BOUNDED BETWEEN TWO PARALLEL LINES.
Bitcoin appears to be in price channel since 18May!
Some traders love Parallel channels as they they can keep buying and selling between to get profits.
While other traders like to trade Breakout on Parallel Channels.
How do you trade price channels?
Bitcoin Big Picture - Trends, Channels, Extensions Oh My!2017 run-up over 34 weeks followed by decline in channel over 51 weeks.
2019 run-up over 29 weeks followed by decline in channel over 57 weeks.
Bigger patern 2017 run-up along with decline in descending channel over 137 weeks (which includes bottom to top of channel upward move formed by the 2019 run-up) then breakout above descending channel in July 2020. Leads to HUGE run-up in 2020 and 2021 up to top of long term multi-year ascending trend channel. Top of this run-up is also formed by 1.618 extension of initial 2020 impulse move upward followed by bounce off of 0.618 retracement of this move.
Huge decline off of bounce of top of multi-year upward trend channel with retracement down to support around $30k. This support area is "supported" by a number of ideas including mid-trend line in multi-year upward trend channel, 0.382 Fibonacci retracement on 2020/2021 upward move, and 2.618 upward extension of 2019 run-up move. Should this support area hold price may move upward within multi-year trend channel and possibly breakout of possible descending channel as part of bull-flag formed by 2020/2021 impulse move. In this case price may hit just under $100k on 1.618 extension of 2020/2021 impulse move.
Or, if 50+ week decline from recent 2020/2021 impulse move occurs that would map to similarly extended declindes from 2017 and 2019 upward impulse moves and price may go down to 20k before bounding upward again in any lasting and significant manner. If price breaks below the 30k support area it could descend to the late 2017 highs around 20k before bouncing upward again. Although, a lot of negative sentiment, government intervention or institutional deparature from the crypto space would have to occur to fuel such a move.
With the move upward to a newly stacked upper multi-year trend channel price may just remain in this upward zone until it breaks higher.
If all of this sounds like gobbledy gook then here's some sensible words of caution. Beware of unicorns flying around on your charts! They may appear enticing and harmless but they are difficult to ride! :)
Algorand Channel Identified? 👀👀👀Over the last few days I’ve been watching Algorand. Of the alt-coins out there, this is definitely one of the most promising projects you should be watching. Pure Proof of Stake rewards is a great factor to buy and hold - especially if you are utilizing the Coinbase app where a poor entry can still be profitable if you hold for an extended amount of time.
More specifically to this chart, if you are an aspiring crypto day trader, this coin presents a comparatively safe bet versus other similar coins such as Cosmos (ATOM) and Tezos (XTZ). A good entry appears to be at between 1.20-1.30, with upsides regularly returning to 1.50 and even up to 1.70 if you are patient. The next few weeks may shake out a new trend, especially with Algorand’s ‘Carbon Neutral’ sentiment, where in a Post Tesla/Bitcoin split market we may see Pure proof of stake (PPoS) based currencies take over energy drainer PoW coins such as Bitcoin (BTC).