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Channeltrend

NAS100 continued to show some strength. What's in store this Q2?Early this March, I have seen progression with the retest / range of NAS100. This has been one of the top 3 markets I trade and add in my watchlist. My idea is for NAS100 to revisit a neckline at around 15k to 15.5k as seen in the chart. How long it will take? That I don't know. So far, the channel seems to be holding and good to monitor how it will sustain(?) its trend. After closing my initial position from previous post, I have continued to tranche my initial position last 17 March and tranche some buys yesterday. The economic release pre-market, with a lower inflation reading, has helped generate this optimism. Employment data will be out next week so will be reactive with this swing.
FX:NAS100Long
by PPTC
3
XRP/USDT 4HInterval check the current situationI invite you to check the ak XRP in pair to USDT, on the interval of four hours. First, we will use the blue lines to mark the sideways trend channel where the price is moving in the lower range. On the other hand, using the yellow line, we can mark the local downtrend line. Now let's move on to marking the support areas when the correction begins to deepen. And here, the first support is at $0.49 on which the price is currently based, the second support is at $0.47, the third support is at $0.44, and then the fourth support is at $0.40. Looking the other way, we will first mark a strong resistance zone from $0.53 to $0.54 that price needs to break through first. If it manages to move upwards out of this zone and break through the upper border of the sideways trend channel, the next resistance will appear at $0.56 and then at $0.58. When we turn on the EMA Cross 10 and 30, we can immediately notice the place where the red line crosses the green one from above, which gives confirmation of entering the local downtrend. The CHOP index indicates that the energy has been used on the 4-hour interval, the MACD indicates that we are moving in a downtrend, while the RSI has a rebound and we are moving at the lower limit of the range, which may slow down further correction.
by cryptodailyuk
Gold 2 day TFIf gold breaks below the uptrend channel, I anticipate a further drop in its value. However, I have identified two specific areas where multiple factors converge, and I will keep an eye on them for potential buying opportunities. There are several factors that can cause the price of gold to rise: Supply and demand: Like any other commodity, the price of gold is affected by its supply and demand in the market. If the demand for gold exceeds its supply, the price of gold can rise. Economic and political instability: Gold is often seen as a safe-haven investment during times of economic and political uncertainty. In times of market volatility, investors may buy gold as a hedge against potential losses. Inflation: As the value of currency decreases due to inflation, investors may turn to gold as a store of value. Gold has historically maintained its value over time and can provide a hedge against inflation. Central bank policy: The policies of central banks, including changes in interest rates and quantitative easing, can affect the price of gold. For example, if central banks lower interest rates, it can lead to a weaker currency and an increased demand for gold. USD exchange rate: Gold is priced in USD, so changes in the exchange rate between the USD and other currencies can also impact the price of gold. If the USD weakens, it can make gold more affordable for investors holding other currencies.
TVC:GOLD
by ChartStrategist
APPL Price Target for Bulls The price has taken out the prior high at $157.5. → The recent downtrend has officially ended. Now we look for the uptrend rhyme. → Since there is a higher low formed and a clear resistance-turned-support at level B, we can project a 100% symmetry of the prior swing from A to B and project it from C. → The level of C happens to be the 0.618 Fibonacci retracement from A to B. → The level of D can be seen as the short-term goal, and it also happens to be the 1.618 Fibonacci extension from A to B. What’s more? The level of D is also the level of the prior high on the weekly chart. On the weekly chart, you may notice there’s a big downtrend channel. And the current price is just right under the downtrend pressure. However, the price didn’t fulfill the lower boundary of the downtrend channel this time and has challenged the pressure for the fourth time. Considering all the Fibonacci level coincidences mentioned above, it’s anticipated that the breakout of this downtrend channel will unfold. What if the price goes below the level of B? → Since the level of B has already been retested and held as a support level, it shouldn’t be broken. Otherwise, the bullish rhyme will also be gone. We should wait for another clear signal to enter/re-enter a trade. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
NASDAQ:AAPLLong
by stock_adelie
My next trade: Buy opportunity in $WIXAfter a long time, I feel encouraged to post here again. The truth is that I don't usually use technical analysis, but I can't say that I don't check the charts and trends before making an investment. I'm 90% fundamental investor and 10% technical. I don't invest in a company if the trend is bearish, and I don't sell if the trend is bullish (I learned this with an investment in Alibaba - and yes, there was also the mistake of political risk). Like many people, I started my investment career with technical analysis at 19 years old, seeking to make 3% profit per trade (fortunately, I quickly learned that it's imposible to do that with consistency). Today, with a little more time (I'm doing my full-time MBA), I've been encouraged to make short trades based on technical analysis, so I'm sharing my next entry in $WIX. Entry: I see an entry opportunity in NASDAQ:WIX at price levels of 85. Why? Simply, the channel is ascending and is close to touching the fifth floor. Exit: I would exit at price levels of 105 at the top of the channel, with a potential upside of +20%. *Remember, this post is not financial advise or a buy/sell recommendation. It's for educational purposes only. Everyone is responsible for their own investments.
NASDAQ:WIXLong
by AntonioRubio
1
NASDAQ 100 Futures update on 4/111. The price hasn't taken out the prior high (level X) at 13740 on a larger picture. So, technically, CME_MINI:NQ1! is still in a downtrend. 2. However, it's clear to see that the market is forming an up trend on the bottom now (higher high and higher low). 3. We can do a 100% symmetry projection of the prior swing from A to B, projected from C. --> The short-term target price will be the level of D. And do notice the big prior high (level X) could be a possible strong resistance. 4. What makes this up-trend "N" swing constructive? --> The level of 0.5 retracements from A to B is very close to the level of C, making a symmetry here. --> There is a "resistance turned support" on the level of B. 5. What if the price comes below the level of B? --> The price is likely to go sideway. It's better to wait for a more and clear signal to enter a trade. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!Long
by stock_adelie
Rollover Parralel channel updateUpdate of the previous parralel channels post . So far both our channels have played out well, apart from the retest and rejection from our green channel. If the red channel plays out like the others we should start to see a steeper decline from this point on. 🤞 This would also fit the narrative of the cypher harmonic Iv been watching for (see other posts on my profile) Any questions or if you don't agree please comment and let me know. Love a discussion
COINBASE:BTCUSDShort
by Connix
CHFJPY I Intraday short from resistance Welcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
7
Trend Channels, One of the best trading strategy 🤓The channel is a powerful chart pattern for trading. Channels combines several forms of technical analysis to provide traders with entry and exiting points as well as risk control. In this training, I will explain one of the simplest trading strategies called " Trend channel trading strategy ". Please note, this post is a summary of this strategy and I only mention its main points. 😏 Types of channels and best for this strategy A channel consists of at least four contact points because we need at least two low points to connect to each other and two high points to connect to each other. In general, there are three types: Channels that are angled up are called ascending channels. Channels that are angled down are descending channels. Channels in which the trendlines are horizontal are called horizontal channels, range channels, trading ranges, rectangle channels. The channels are also divided into three categories according to the time periods who make the price range : Macro channels , which are made with 12-Hour time frame, daily time frame and above. Mini channels , which are made with a time frame from 1-Hour to a maximum of 12-Hour. Micro channels , which are made with time frames of less than 1-Hour. **Tips: 1- Macro channels are made of Mini channels, and Mini channels are made of Micro channels, However, it is only an estimate and may not always be accurate, and they are Not the main rules and condition for Identifying channels or drawing them. 2- There is no special formula or law for naming the channels according to their time frames with these names (Macro, Mini and Micro) and you can use any time period for any type of channel. Trade Reliability Conformations represent the number of times the price has hits the channels trend lines and rebounded from the top or bottom of the channel. These are the important confirmation levels to remember: 1-2: Weak channel (not tradeable) 3-4: Adequate channel (tradeable) 5-6: Strong channel (reliable) 6+: Very strong channel (more reliable) **these numbers are just for each one of trend line (up line or down line of channel). I will write the continuation of this tutorial in the comments of this post. 😎
Education
by Arash-RK
Bitcoin outlook in the year 2023 (Weekly)The past few weeks have confirmed the channel trend Bitcoin is trading in. It is clearly outlined on the chart (grey channel). We may get a bounce inside the channel where the area of support (whether weak or strong) is clearly marked as the grey bar. The lack of any bounce here would be a bad sign in the shorterm (weeks-months) for Bitcoin & presumably we could expect it to test the bottom of the trading channel. Do you think BTC will enter the strong bounce area as identified on my chart? ------------ The previous, bullish, run to start 2023 was healthy. It appeared that there was lots of buying at the increased price levels (yellow-orange circle). Allow me to speculate... BTC surging 40% caused many owners to take profits or cut losses. Was this the goal? That is, was there an attempt to take people out of the market? Perhaps I have much cash to work with and expect BTC to go to/near/past previous highs at some point. It would thus be beneficial buy BTC at any level below the expected goal. The 40% surge got people selling, but some were buying & confidently it seemed. ------------ This will be very interesting to see playout. I do believe I covered all the possibilities, so use this chart as a reference, but not financial advice. The only scenario not directly portrayed on the chart is a break (to the upside) out of the channel in the next 3-4 weeks--- Right where the green arrow touches the channel top. If this turned out to be the case we could expect the top of the channel to become the new support line with the white line around 26,000 USD being the new resistance. There is no such thing as precise resistances such as 26,580 USD for example, so when I say around 26,000 USD, I mean around. Got it? ----------- My final thoughts... I was skeptical of the run in January 2023 being genuine as BTC had only gone as low as 15-16,000 USD. Before every major bull run for Bitcoin we have seen it revisit lower levels. This may be where the big money comes in ($10,000-$12,000 in this cycle is possible). Plus, there is still plenty of drama to come as far as crypto regulations, supposed Binance scrutiny, and the FTX debacle. ---------- Disclaimer (not financial advice): I lean towards the side of BTC revisiting its highs (or passing) at least once more in its lifetime. It's dramatic-> , it's hopeless->, it's bought quietly by big money ->, it's hyped, -> it's new highs. Most times the little guys get screwed so be careful.
COINBASE:BTCUSD
by LtCmdrData
3