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Descending Channel

GBPJPY → The CBJ has raised rates. What's in store for the pair?FX:GBPJPY experienced an attempt to break through resistance and rise, but failed to realize the intention as traders do not believe in bullish movement due to the actions of the Central Bank of Japan The Central Bank of Japan raised the rate by 0.25% to the highest since 2008. The bank sees accelerating inflation, a slowing economy and is likely to raise the rate further if inflation continues to rise. Fundamentally, the situation may trigger a fall in the currency pair, but it may be restrained due to the Pound's strength against the Dollar. Nevertheless, I assess the situation regarding a false break of resistance from the technical part, and from the fundamental part from the Japanese action, as they are targeting the medium term. Resistance levels: 193.00 Support levels: 192.00, 190.55 Another attempt to retest resistance before a further drop is possible. Traders are starting to build up longs on the Yen, which may lead to a bearish correction of the currency pair. Regards R. Linda!
Short
by RLinda
2
XLMUSDT → Attempt to change the local trendBINANCE:XLMUSDT is entering the correction phase after attempting to forge an uptrend. Price is breaking support due to the change in market nastreonium and bitcoin correction. Bitcoin is moving into a correction, which is generally creating pressure for the already weak altcoin market. The reason is disappointment from the cryptocurrency community due to the lack of hints about cryptocurrencies in the new President Trump's speech. The market is trying to digest this fact as part of a correction. XLM is technically breaking the ascending support inside the global descending channel, meaning that the pressure on the market from the bears is still present. Support levels: 0.4177, 0.3896 Resistance levels: 0.460, 0.4955 The focus is on the previously broken channel boundary and the support level at 0.4177. The price may still test the previously broken channel boundary before falling further. But, a breakdown and consolidation of the price below 0.4177 may provoke sales. Regards R. Linda!
Short
by RLinda
5
EURUSD → An attempt to change the trend could be successfulFX:EURUSD gets a chance for a bullish run. The currency pair breaks the prolonged downtrend and consolidates for a chance to continue the upward movement The global trend is downtrend and at the moment it is too early to talk about a change of trend, as the price is under pressure from the strong resistance at 1.044. BUT! A pre-breakout base is forming around this area, so if the dollar continues its corrective course, EURUSD will have a chance to confirm the trend change. If the bulls are able to overcome 1.0448 and consolidate above this level, we will have a chance to rise to 1.06 and possibly higher.... Resistance levels: 1.0448, 1.0607 Support levels: 1.033, 1.0222 Technically, the focus is on the nearest trigger at 1.0448. A breakout and consolidation of the price above this zone may provide a convenient entry point to open long positions. Regards R. Linda!
Long
by RLinda
3
SONIC - New altcoin, is 10x possible?SONIC is a new altcoin that has been listed on all major exchanges. I received many requests from you to do an analysis on it and if it's worth it to buy. First, let's take a look at fundamentals, then technicals. The market cap is 202 million dollars ($202.91M) and is ranked #362. There is room to grow, as the market cap is not that high. As the coin is listed on major exchanges, it has relatively good liquidity, and you can trade it on the futures market. You can go long/short, and the volatility is extremely high. Pretty much every retail trader is addicted to volatility because if the coin is not moving, there are no opportunities. Always choose coins that move; you don't want to be stuck in the boring range. Sonic is the first SVM network extension to launch on Solana, for games and applications. They are partners with Backpack, OKX Wallet, Metaplex, Pyth, Solayer, and more. The Solana network is getting popular, also with the latest TRUMP coin pump. They have 566k followers on Twitter and the number is rising pretty quickly. Now, can this coin 10x? Yes, but this will definitely take some time. If you want to trade this coin, which I highly recommend due to its high volatility, you can take the following trade. On the chart, you can see a descending channel, and I see an opportunity to go long on the next touch of it. Take profit is at the top of the channel or liquidity zone above the previous range, which you can see on the chart. Now, I am very curious - What do you think about this coin? Buy or sell? Let me know in the comment section. Thank you and have success!
BYBIT:SONICUSDTLong
by Xanrox
32
AUDCAD after long time, can we see bullishness OANDA:AUDCAD long period of bearishness, personally having long position from Jul. last year i am have already shared one idea on AUDCAD which is still actual and will attach her. What here now we have is long DESCENDING CHANNEL, currently its breaked and we have some bounces on sup zones. Technically picture is strong bullish. Here after long time of bearishness, having strong bullish expectations to start. TO KNOW: We are have and upper DESCENDING CHANNEL(white lines), which is be breaked and price is start falling, currently if we see now bullish push, price is expected to come in "UPPER CHANNEL" if that happens, will share and new idea and will be same with bullish expectations. SUP zone: 0.88900 RES zone: 0.90400, 0.90700, 0.91000
Long
by DepaTrading
NZDUSD → The bearish trend may get its continuationFX:NZDUSD failed to realize the chance when the dollar went into correction. Buyers do not believe in the realization of the bullish scenario at the moment. The price continues to succumb to pressure On the weekly timeframe the price approached the strong support level 0.5545 - 0.55. Accordingly, a reaction in the form of a small correction is possible. Small, because the dollar continues its bull run, and Trump's policy allows to keep this scenario in the medium term. On H4, the price continues to test the support at 0.5588 and a local descending triangle is forming amid pressure from the bears. Possible retest of the channel resistance before further decline. Resistance levels: 0.563, 0.567 Support levels: 0.5588, 0.5511 Technically, a breakdown and consolidation of the price below 0.5588 will provoke further sales against the background of the current local and global downtrend. Regards R. Linda!
Short
by RLinda
3
XLMUSDT → High readiness for a bull run to 0.6100BINANCE:XLMUSDT is ready to move into the realization phase after coming out of a strong accumulation. The market is struggling for a strong buying zone. The coin, technically, is ending its correction. The price is gradually updating highs and breaking intermediate resistance levels, but the key factor is the exit from the medium-term consolidation and breaking the resistance of the descending channel formed on H4. If the bulls hold the defense above the key support zone 0.46 - 0.452, we can expect growth in the medium term. In addition, the rising bitcoin and the approaching Trump inauguration can be good drivers for the cryptovalt market. Resistance levels: 0.486 Support levels: 0.4605, 0.4522 Thus, the focus is on the consolidation of 0.486, 0.46. A break of resistance will activate the rally. False break of support and consolidation above the level will also be a good signal that the bulls are quite aggressive. Regards R. Linda!
Long
by RLinda
3
SOLANA → Will a false breakdown be the cause of the rally?BINANCE:SOLUSDT is testing a previously broken downtrend boundary as part of a correction. Bulls are employing aggressive methods to keep defenses above key support ahead of Trump's inauguration, keeping hopes high On the weekly timeframe, the market is supported by SMA50 support indicating a strong uptrend. The focus is on two strong levels: 204.75 and 175. These are the boundaries of the current range. A breakdown of any of the boundaries will play a key role in further price movement. But I consider the realization of resistance as a priority. On D1 yesterday a false break of strong support was formed in the form of previously broken downtrend resistance. This indicates that the market is still in a bullish plane and on the background of upcoming important news this could have a favorable impact for the coin. Resistance Levels: 203-204 Support levels: 183, 175 If the price starts to retest the support at 175 and form a consolidation with a gradual downward compression, the risk of breaking the bullish pattern will increase. But, based on fundamental data, I expect a consolidation above 183 and further growth Regards R. Linda!
Long
by RLinda
12
GBPUSD → False breakdown can cause growthGBPUSD is bumping into the support of the local descending channel after a rather strong fall. The fundamental background has changed a bit, which in general gives a chance to the forex market On the weekly chart the price is testing the strong level of 1.211 against which a double bottom is formed on a global scale. But this does not indicate a change in the global trend, no, it is just a hint of a possible rebound, but we need to watch the price reaction to this area. The PPI that was released yesterday slightly disappointed dollar buyers, which supported the forex market and we see a small correction. CPI is ahead, which may also support the market Resistance levels: 1.2217, 1.235, 1.2488 Support levels: 1.213 If the bulls keep the price above the nearest resistance at 1.2217, it will give the price a chance to strengthen to the nearest resistance or to the channel resistance. Regards R. Linda!
Long
by RLinda
7
AUDUSD → Trigger breakdown will trigger a fallFX:AUDUSD is approaching the trigger that can provoke a strong fall. Against the backdrop of a strong and rising dollar, the Aussie doesn't stand a chance yet. The price is testing the level from the weekly timeframe, the breakdown of which will open the way to the abyss. There is no support until 0.54-0.55. Based on Trump's policy, the Fed's stance and the potential of the Australian dollar we can say that the odds are generally quite high that the price will continue its decline in the medium term expectation. Technically, on 4H the price is approaching the level of 0.6179. A pre-breakdown consolidation is forming in relation to the level. I do not exclude an attempt to retest the local resistance before further breakout, but the general technical and fundamental situation hints at a decline. Resistance levels: 0.6199, 0.622, 0.6274 Support levels: 0.6179 Downward channel, retest of support after false breakdown of resistance (deceptive maneuver before a strong fall). Emphasis on the trigger at 0.6179. Breakdown and price consolidation below the level will trigger a fall Regards R. Linda!
Short
by RLinda
8
GBPUSD → Consolidation in the selling zone held by bearsFX:GBPUSD made an attempt to grow, but could not overcome the bears' pressure zone. The reasons for the growth are the dollar correction, which was short-lived. The main trend is not broken. On D1 the price after breaking through the key support at 1.25 tested it already as resistance within the correction. A false breakout of resistance is formed and price consolidation in the selling zone. The sharp impulse was related to the dollar, which fell after Trump's comments on rumors related to his policy. The dollar returned to the upside creating another bout of pressure on GBP. Technically, the main trend is bearish. The price is in the selling zone and bears are not ready to give up their positions. The risk of trend change may come after the breakout of 1.26, but it is too early to talk about it... Resistance levels: 1.2575, 1.26 Support levels: 1.2488, 1.2449 The price is trying to consolidate in the selling zone, which generally indicates which way the market intends to go. Bears are increasing pressure and if they keep the price below 1.2488 - 1.2449, we will see a fall in the short and medium term. Regards R. Linda!
Short
by RLinda
3
EURO - Price can reach resistance area and then continue to fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to decline inside falling channel, where it first fell to $1.0590 level and broke it. Then price made retes and some time traded near this level, after which fell to $1.0385 level, and then bounced up. Price made a gap and then reached $1.0590 level, after which it some time traded close to this level and then continued to fall. EUR fell to $1.0385 - $1.0350 area and then tried to grow, but failed and dropped to support line of channel. Thereby price broke $1.0385 level also and a not long time ago it turned around and started to grow from support line. In my mind, Euro can grow to resistance area and then continue to fall to $1.0190 in channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
EURUSD → The bears are stepping up the pressureFX:EURUSD continues to form a downtrend. The price updates the local minimum, reaching the target indicated last year :). What's next? Fundamentally, the situation is weak due to Trump's policy towards the euro zone. The strong dollar also increases the bearish pressure on the market. Technically, the priority figure is the downtrend and the previously broken consolidation boundary - 1.033. It is this zone that the price is currently aiming for as a zone of interest. Resistance levels: 1.033, 1.0448 Support levels: 1.022 Both technically and fundamentally the situation is weak, therefore, the emphasis on strong resistance levels from which the fall may resume. Regards R. Linda!
Short
by RLinda
1
SOL situationCOINBASE:SOLUSD It has currently reached the ceiling of its descending channel, which can grow to the following levels as a mineral step if it breaks the ceiling of the channel and the resistance of $210: 230, 245, 264 ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
COINBASE:SOLUSDLong
by Cryptonic_Trading
NVIDIA and Tesla TechnicalsNVIDIA As much as I want the train to keep moving forward, we are at an inflection point where the bears are starting to really pile in. The bulls are pulling back, and we may experience that -10% S&P correction. Everyone says this would be "healthy" for the markets, which would align in the traditional sense. However, we live in a different time now. With emerging markets and excess capital, companies are healthy. But, the economy is weakening. The Biden Administration has propped up the stock market with faulty "jobs numbers" adding ridiculous amount of government employees to supplement Jots Jobs Reports. Furthermore, this is the time of year for reallocation for major capital holders. Hence, the volatility increase. I fear the Bears are taking advantage of this time to pile on. NVIDIA had an increase of shorted shares by 4.5% in December. If the Bears take over and the bulls pull back NVIDIA will move down to $120 NVIDIA at $120 is inside "The Golden Fibonacci Pocket", a round number, AND the HIGHEST VOLUME Price level for the entire year of 2024. 3 VERY significant technical reasons big money will wait for this $120 level to be reached. It will ALSO be where the Shorts of $139-$140 will cover. This could spawn a V shape recovery from $120 flying HIGH straight to $160 ($4 Trillion Market Cap). Apple is at $3.85 Trillion. NVIDIA currently does more Net income with 30% the Revenue that Apple does. Who will reach $4 Trillion first? TESLA In a much more simple analysis. TESLA is currently testing the 78% Fibonnaci Level. Already flushed through the short time frame "Golden Pocket". So, the 78% Fib is the last line of support for TESLA. The break of the 78% Fib level will be a clear sign of a move down to a lower low, with support being around the bottom of the downtrend channel seen in the chart. IF interested in shorting TESLA is the better one.... currently. However, that could change. I personally will only Day trade SHORTING TESLA looking for the $365 level to start buying in, and dollar cost averaging down. TESLA is here to stay, I'm sure. Same with NVIDIA JUST REMEMBER... Apple has gained 60,000% since 2001.... and I believe NVIDIA is the future. Because, AI is the future. Like smart phones were the future. I believe AI will be bigger than Tele-Communications.
NASDAQ:NVDA
by Scottlee74136
Bitcoin Roadmap==>>Short-termBitcoin ( BINANCE:BTCUSDT ) is moving near the Support zone ($95,000-$90,870) and 50_SMA(Daily) , also Bitcoin managed to break the Descending Channel . Although the main Ascending Channel has been broken in the above time frame , I still expect the pullback to the main ascending channel to continue. Regarding Elliott wave theory , Bitcoin seems to be completing microwave Y of the main wave 4 . I expect Bitcoin to rise to at least the 🎯Targets🎯 I have specified on the chart . ⚠️Note: If Bitcoin breaks below the Support zone($95,000-$93,500), there is a high probability that Bitcoin will go below $90,000.⚠️ 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
47
Bitcoin - More blood will follow (Do not buy now, buy here!)Bitcoin is completely manipulated by the banks and huge institutions. They sent Bitcoin down just to make your Christmas and New Year celebrations bad. But luckily I warned you about this crash a few days ago, just before it happened in my previous analysis, when almost everyone was drunk with strong greed. Bitcoin crashed by 15% so far; altcoins are down by 30% to 70%. The last days were very profitable, but let's focus on the future, because that's the most important. Bitcoin bounced a bit from 92k to 99k, giving players hope that the bottom is in. But do not be fooled, this looks like a corrective move for multiple reasons. The first reason is that the crash was extremely fast and strong, pretty much no one expected such a drop in the short term. My Elliott Wave analysis suggests that this is a strong impulse wave 12345 and therefore the start of a larger corrective structure ABC. We have finished wave A, now we are in wave B, and we can expect wave C to finish at around 85k! You want to take a Fibonacci extension, as you can see on my chart. I strongly recommend waiting for 85k because we have an unfilled FVGAP on the daily chart, and this needs to be tested. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
223
EURUSD → Consolidation in the selling zone. FX:EURUSD is coming out of a prolonged consolidation. As part of counter-trend correction, the price is testing the previously broken support and trying to consolidate in the selling zone. The fundamental background has become sharply negative since last week, which generally determines the medium-term potential for the currency pair. The rate cuts in the US have slowed down, but in Europe they are going to continue to cut rates. Trump's policy with his tariff system will also put negative pressure on the EURO. Technically, against the background of a strong rallying dollar, the euro has almost no chance. If the bears keep the defense below 1.0448 and focus on breaking the support, the currency pair may head towards 1.022 in the medium term. Resistance levels: 1.0448, 1.053 Support levels: 1.033, 1.022 At the moment, the focus is on the two nearest resistances. It is possible to retest these zones and try to defend their borders from the buyer's side, but there are not many chances. A breakdown and fixing of the price in the selling zone will strengthen further decline. Regards R. Linda!
Short
by RLinda
1
GBPUSD → One step away from breaking support and falling awayFX:GBPUSD is facing difficulties. Negative fundamental background, strong dollar and price entry into the selling zone gives a bunch of preconditions hinting at the continuation of the fall Yesterday the UK GDP came out, which remained at the same level, there is no driver for GBP at the moment, but there is for USD, which is growing after interest rate cuts, but the growth is not because of this, but because of hints of stopping the cycle of further rate cuts and the change of officials' mood to hawkish, which in general, against the background of Trump's policy indicates medium-term potential. Technically, the currency pair is testing the risk zone, a false breakout will form a rebound reaction and I think it will be a short-term reaction. Resistance levels: 1.257, 1.2597, 1.2665 Support levels: 1.2488, 1.245 After the false breakdown, the currency pair may test the local resistance. But retest of the support within 1-3 days will play an important role. Formation of a pre-breakout base at 1.2488 will strengthen the potential for further decline With Respect R. Linda!
Short
by RLinda
2
ETHEREUM → Consolidation after a bearish trend breakBINANCE:ETHUSD is consolidating within the flat boundaries of 4085 3530. In general, there is a bullish trend, the fundamental background is also favorable except for yesterday's news, which creates a small risk... The price is at a strong resistance between 4090 and 4100 and it will take a lot of energy to break this area. Yesterday's news was generally controversial but with a negative bias. Despite the decline in interest rates, there were strong hints of stopping the decline and taking a hawkish course. Bitcoin is giving a small correction against this backdrop, which is negative for altcoins. Ethereum technically did not break the bullish structure, a very strong support area of 3530 - 3440 is formed on the chart and with high probability a retest is possible, a liquidity grab with the aim of further growth. There are risks for further fall, they can be taken into account, but we can consider an attempt of growth as a priority. Resistance levels: 4086, 4100, 4372 Support levels: 3530, 3440, 3261 Since the price is inside the consolidation, our strategy is simple - trading from the channel boundaries. Accordingly, based on the current situation, we should consider a retest of support before further growth. Regards R. Linda!
Long
by RLinda
5