Get started

Consolidation

HelenP. I Bitcoin can correct to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some time ago price made a downward move, but soon turned around and reached the resistance level, which coincided with the resistance zone, after which BTC rebounded and made a strong impulse down to the trend line, thereby breaking the 60200 support level. Then price some time traded near the trend line and later rebounded up to the support level, which coincided with the support zone and broke it again. After this, the price started to trades inside consolidation, where it in a short time rose to the 64550 resistance level, and even some time later entered to the resistance zone. But soon, BTC made the downward move to the trend line, exiting from the resistance zone, after which rebounded from the trend line and started to move up. Just now, the price continues to rise, for this reason, I expect that Bitcoin will make a correction movement almost to the trend line and then rebound up to the resistance level, which coincided with the top part of consolidation. That's why I set my target at the 64550 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
HelenP. I Euro can break trend line and decline to $1.0660 levelHi folks today I'm prepared for you Euro analytics. Some days ago price traded inside consolidation, very close to the resistance level, which coincided with the resistance zone, after which rebounded up to the top part of the consolidation. EUR some time traded and then declined to the 1.0825 level, and soon broke it, thereby exiting from consolidation too. After this move, the price declined a little lower and then rose back to the resistance zone, but couldn't fixed and made an impulse down to the trend line, breaking the resistance level again and the 1.0660 level too. Soon, the Euro broke the support level one more time and continued to grow near the trend line, but later it made a correction to the support level, after which continued to move up. Just now, Euro trades near the resistance level, so, for my mind, the price will turn around and start to decline to the support level, breaking the trend line. That's why I set my target at the 1.0660 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
GBPUSD → Attempting a trend change. Up to 1.2700?FX:GBPUSD , influenced by a positive fundamental backdrop and the dollar's decline since the opening of the session on Monday, is strengthening above previously broken trend resistance. GBPUSD is strengthening, the currency pair is in a bearish trend reversal phase. The market and traders are readjusting after the negative NFP for the dollar released last Friday. The currency pair is testing the local high and on the pullback is consolidating above the bearish trend resistance. Confirmation of the trend change will be the consolidation of the price above 1.2634. Resistance levels: 1.2668, 1.2570 Support levels: 1.2487, 1.2422 Most likely the market will make an attempt to change the trend, at the moment the realization phase is being formed. We are waiting for confirmation of the trend change with the purpose of further strengthening. Regards R. Linda!
Long
by RLinda
4
HelenP. I Gold can rebound from support zone to $2350 trend lineHi folks today I'm prepared for you Gold analytics. A few moments ago price rebounded from the trend line and in a short time rose to the support level, which coincided with the support zone. Soon, the price broke this level and started to trades inside consolidation, where it at once rose to the top part, but soon turned around and made a correction movement. After this, Gold tried to back up, but failed and declined to support level, which coincided with the trend line as well, after which XAU turned around and some time traded near this line. Later price broke the trend line and declined to the support zone, but soon it rebounded up and rose almost to the trend line. But recently price fell back and now Gold trades very close to the support level, so, I expect that XAU will decline to the support zone and then rebound up to the trend line inside consolidation. For this reason, I set my target at 2350 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
1
HelenP. I Binance Coin will continue to grow to $605 pointsHi folks today I'm prepared for you Binance Coin analytics. Some days ago price entered to consolidation, where it first rose to the resistance level, which coincided with the resistance zone, and then at once rebounded from to support level. After this movement, BNB turned around and made an impulse up to the resistance zone, after which it in a short time declined to the trend line, thereby exiting from consolidation and breaking 620 with 550 levels. Then the price turned around and rose higher than the 550 level, breaking it again, but soon fell back to the trend line, after which BNB made impulse up to almost the resistance level, finally breaking the 550 level. After this movement, Binance Coin turned around and in a short time declined to the trend line, breaking this line and fell to the support zone, after which it not a long time ago exited up, and now price trades near the trend line. For my mind, Binance Coin will little correct and then the price can continue to move up. That's why I set my target at 605 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
Just A View - Consolidation Breakdown - KOTAKBANK📊 Script: KOTAKBANK 📊 Nifty50 Stock: YES 📊 Sector: Banks 📊 Industry: Banks - Private Sector Key highlights: 💡⚡ 📈 Script is giving Breakdown of consolidation on Monthly chart, we may see some more bearishness into the stock. ⏱️ C.M.P 📑💰- 1551 🟢 Target 🎯🏆 - 1479 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:KOTAKBANKShort
by radha_23
3
GOLD → The price continues to decline. Is it 2250?FX:XAUUSD continues to decline and test new local lows. The fundamental background is negative and the decline may continue. Important events are ahead, everyone is waiting for Powell's speech. Bears finally hold the area of strong liquidity 2328, which only intensifies the price decline. At the moment the market is testing 2280. Today is a busy news day. Traders are highly likely to expect Powell to leave the interest rate unchanged today and may even change his tone to a more aggressive one, amid high inflation. This could strengthen the dollar, which would only exacerbate the fall in the gold price, which is already looking towards liquidity zones below 2267. Resistance levels: 2295, 2305 Support levels: 2267, 2250, 2228 The market is starting to put possible negative news into pricing. The fall may continue. But on the background of news the price is able to test the nearest resistance zones before further bearish impulse. Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
HelenP. I Ethereum can make small move up and then fall to $3065Hi folks today I'm prepared for you Ethereum analytics. If we look at the chart, we can see how the price recently traded between the support level, which coincided with the support zone, and later broke this level and declined to the trend line. After this movement, ETH rebounded from the trend line and made impulse up higher than the 3065 level, breaking it one more time and starting to trades in consolidation, where Ethereum in a short time rose to the resistance level, which coincided with the resistance level. Then price rebounded from this level and declined to the trend line, and even later declined lower this line to the support level, but at once rebounded and made a strong impulse up to the 3290 resistance level and broke it. After this ETH a little rose, after which turned around and in a short time declined below the 3290 level, breaking it one more time. A not long time ago Ethereum fell to the trend line and broke it too. So, now, ETH trades near the trend line and I expect that the price will continue to decline to the 3065 support level, but firstly it makes a little move up. That's why my target is its support level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
Bank of India - Finally this guy is looking strong with multipleBank of India - Finally this guy is looking strong with multiple bullish structures 1. Rounding Bottom BO already done above 118 but price went into consolidation mode ever since 2. After BO, price started following Parallel channel and travelled from One shore to Other Shore - Flat for 4 months since Jan 2024 3. Now, the boat has touched the other side of river bank and strong 11% jump after that 4. Also in the past 4 weeks, price has formed a Bullish Continuation Candlestick pattern - 2 Black crows pattern The last and final resistance to be broken is 152. Once above 152 WCB, price would fly to 165, 195, 225 Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:BANKINDIALong
by Stocks-n-Trends
GBPUSD → Global bearish trend resistance retest FX:GBPUSD is forming a counter-trend correction phase, pound sterling strengthens amid weakening dollar index. On D1, the price is approaching a strong resistance and liquidity area, which has multiple confirmations, indicating that this area is important for traders. The correction may be over in the area of the nearest strong level and there is a high probability that the bearish trend in GBPUSD may continue. Resistance levels: 1.2518, 1.2570 Support levels: 1.2422, 1.2300 On the global chart earlier the currency pair broke the bullish trend structure, on D1 the trend is still bearish and the price is heading towards the channel resistance, from which the decline may resume. Regards R. Linda!
Short
by RLinda
3
GOLD → Bears win. Downward counter-trend correction ↓FX:XAUUSD is entering the correction phase. Earlier, based on technical and candlestick nuances on D1, I warned about the approaching decline. Gold is eliminating buyers and apparently heading towards 2267, 2228. April 19 idea: The market is getting ready to turn around, collecting liquidity from buyers On H1 the price is forming a bearish momentum, since the opening of the session on Tuesday, the price has overcome a 1.8% retracement. The reasons for the fall may be both profit taking in the 2400 zone, after which the market maker changed the course to liquidate traders and balance the market (I remind - at the moment the imbalance is in favor of buyers), and the correction after a strong rally, the price is heading downward in order to find strong support zones and form a market bottom. Resistance levels: 2300, 2305, 2328 Support levels: 2267, 2250, 2228 Today traders are waiting for PMI. Positive data for the dollar will only strengthen the fall of gold, but the negative PMI will weaken the strong fall. But, in general, at the moment, the medium-term course of the metal is clear to everyone. Regards R. Linda!
FX:XAUUSDShort
by RLinda
20
GOLD → The structure of the bull market is at risk. 2300??FX:XAUUSD is breaking the bullish trend structure, earlier I pointed out that the market is preparing for a reversal amid liquidity capture at the expense of buyers. The market is testing support for a breakout Idea from April 19: GOLD → One step away from a correction? What's going on? Selling since the opening of the session. Price is testing local lows and forming an entry into the risk zone. Possible shakeout before the subsequent fall. Last week a major player was collecting liquidity at the expense of buyers, this can be seen in the long tails of daily candles, volumes and trading relative to the 2400 zone. At the moment we should pay attention to the zone 2354 - 2365. There may be an active struggle in this zone (shaking, level sawing, long consolidations), but now there is a prospect of correction to 2330, 2300 Resistance levels: 2365, 2400. Support levels: 2354, 2328, 2300 Technically, strong sellers are emerging in the market and they are building limit resistance zones. The market is not ready to pass through 2400 yet, so we should wait for a sideways range or correction Regards R. Linda!
FX:XAUUSDShort
by RLinda
12
HelenP. I Euro can make little correction, after which bounce upHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price some days ago price entered to consolidation, where it reached resistance 2, which coincided with the top part of the range and resistance zone. After this movement, EUR turned around and made an impulse down to resistance 1, which coincided with the bottom part of consolidation but soon turned around and in a short time rose back to resistance 2. Soon, the price broke this level, thereby exiting from consolidation too and later reaching the trend line. After this movement, the Euro started to decline and in a short time fell below resistance 2, breaking it one more time and continued to fall. Later price turned around and made impulse up to resistance 2, breaking the trend line, but then it at once rebounded and backed up. As well soon, the price broke resistance 1, which coincided with one more resistance zone and even declined lower this area. But recently price rose to the trend line and now trades close. For this case, I expect that the Euro will make one more little movement down and then start to move up to the resistance level, breaking the trend line. That's why I set my target at the 1.0700 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
NZDUSD → The currency pair is preparing to go even lower OANDA:NZDUSD is declining amid a strong dollar rally. The negative background for the currency pair has persisted for quite a long time and there is no reason to change this tone at the moment. On W1, we can clearly see the general trend on the part of strong bears, who continue to sell off the currency pair and the New Zealand dollar. On H4 it is worth paying attention to the intermediate level of 0.5900. The breakout and subsequent price consolidation below this level will form the potential for the continuation of the decline. Resistance levels: 0.5940, 0.6000 Support levels: 0.5900, 0.5850 Technically, we have a bearish trend and support retest, which only strengthens the bearish potential on the negative fundamental background. We are waiting for a decline to lower targets. Regards R. Linda!
Short
by RLinda
2
GBPJPY → The Japanese currency continues to weakenFX:GBPJPY is preparing to continue its growth amid the strong weakening of the Japanese national currency. Japan's central bank has been underperforming and is not about to do so. The strong bullish trend in the currency pair may be continued. There are no prospects for a trend change. The key target at the moment is 195.844 On H1 it is worth paying attention to the level of 192.78, the price is gradually creeping up to this level and continues to test it, forming a pre-breakout consolidation, technically and fundamentally the market may soon update the maximum and head towards the above target. Support levels: 192.0, 191.33 Resistance levels: 192.78, 193.54, 195.85 The key emphasis is on the nearest resistance at 192.78. I am waiting for a breakout of the level with further consolidation above the zone and growth to the targets Regards R. Linda!
Long
by RLinda
3
HelenP. I Ethereum can break trend line and continue to fallHi folks today I'm prepared for you Ethereum analytics. If we look at the chart, we can see how the price some time ago started to trades in consolidation, where the price in a short time declined to the resistance level, which coincided with the bottom part of the range with the resistance zone. After this movement, ETH some time traded near this level and then started to grow to the top part of the consolidation, and when the price reached it, Ethereum turned around and started to decline. In a short time, the price fell to the 3245 resistance level and soon broke it, thereby exiting from consolidation, but later price tried to rise higher and soon failed. Then ETH declined to the trend line, after which it started to move up and in a short time it rose to the resistance level again, but recently the price turned around and declined back. Just now, ETH continues to trades very close to the trend line and I expect that Ethereum will rebound from the trend line and then start to decline even lower this line, breaking it. That's why I set my target at the 2865 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
GOLD → A retest of bullish trend support. What to expect? FX:XAUUSD reaches the 2400 mark on Friday before facing a profit-taking. There is a possibility that traders closed positions before the strong news that occurred from Saturday to Sunday. There is no correlation with the dollar now, which makes it easier for technical analysis. In fact, we have a strong bullish trend and strong support in the form of the 2325-2330 zone and an ascending channel line. From Saturday to Sunday there was the development of another geopolitical problem in the Middle East and it is related to the armed crisis between Iran and Israel, which in general can only affect the appreciation of the metal. Resistance levels: 2365, 2375 Support levels: 2335, 2330, 2325 In general, we should consider a retest of the trend support or 2330 and look at the price reaction to these levels. Most likely, the trend may continue. Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
Bitcoin ETF: Sideways Action to Pattern Out Excessive GainsProbably the most popular Stock Exchange Traded Bitcoin Trust at this time, AMEX:GBTC has started a consolidation that may turn into a small triangle formation. Triangles are a form of a consolidation that can work to pattern out excessive price gains without a run or correction down. This is the weekly chart where we can see that GBTC is now above its previous all-time highs. It is still affordable and poses less risk than the actual Bitcoin, which is very expensive.
AMEX:GBTC
by MarthaStokesCMT-TechniTrader
BTC | MT Short H4|Consolidation Period Pair: BTCUSDT Timeframe: H4 Direction: Short Technical Confluences for Trade: - Stochastic momentum is close to Overbought Conditions - Price action close to few Horizontal and Resistance Trendlines - Aiming for the 1st 23.6% Fibo Retracement Fundamental Confluences for Trade: - There is a large diversion between the positioning of Long-Term & Short-Term Participants in the futures space. A squeeze may happen. Suggested Trade: Entry @ Area of Interest 70,700 - 71,200 SL @ 72,685 TP 1 @ 68,600 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 65,700 Risk-to-Reward @ Approx. 3.19(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 am not responsible for any losses derived from it.
BINANCE:BTCUSDShort
by weekendanalyst