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Descending Channel

GBPUSD → The fall after the breakdown will intensifyFX:GBPUSD continues to fall downwards. The price is testing the strong support at 1.267 and forms a false breakdown. The dollar is losing ground a bit in the meantime.... Theoretically, the currency pair after the false breakdown can form a correction (a trap or a crowd trick) before a further fall. Zones of interest in our case could be 1.272, 1.277, 1.28. Fundamentally, the situation is not the best, the pressure on the pound, on the background of the dollar rally, is present more than enough, accordingly, in the medium term we should expect a continuation of the fall. The trigger for this could be a false breakdown of resistance or a breakdown of 1.267 and consolidation below this zone. Support levels: 1.267, 1.261, 1,25 Resistance levels: 1.272, 1.277 We need to watch the price reaction to these key levels. If bears hold 1.267 and consolidate their positions below this zone, the fall will happen sooner. Regards R. Linda!
Short
by RLinda
2
BITCOIN → Is the $100K target becoming more and more realistic? BINANCE:BTCUSD is in the bull run phase and updating highs due to the excitement of the US presidential election. After 8 months, there are finally reasons for the price to come out of the prolonged accumulation. Now the distribution. BTC has one bullish driver after another as it approaches ATH: Trump's victory in the US presidential election. Then the second 0.25% Fed rate cut in this cycle Discussions about BTC as a strategic reserve. Next is the SEC. Trump promised to get rid of the head of the SEC, so the choice will be made in favor of a more loyal to cryptocurrencies person. In general, the fundamental background for cryptocurrencies is very bullish, altcoins may finally go straight to the moon. Technically, bitcoin has a key resistance of 76900 at the moment, as well as key support zones, which is worth paying attention to as the price has been forming a local accumulation for two days. Accordingly, the move may continue in the near term. Resistance levels: 76900 Support levels: 75650, 74560, 73550 The price is squeezing in front of the resistance, which may lead to a breakout. But, the liquidity is decreasing on the weekend, which may lead to a small correction, for example, to 75650 or other areas lower on the chart. We can't talk about any selling now, the reason is obvious, so we are looking for strong resistance levels (to continue the movement), or strong support levels (to bounce with the purpose of buying). The target of 100K is becoming more and more real ;) Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Long
by RLinda
46
#ETH/USDT Breaks Out! Next Stop: $4,000?Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! Welcome to this quick ETH update. A few days ago, I shared that ETH was trading around $2,400 and had strong bounce potential—and it’s been moving right on track. Check out the chart below! ETH is now trading around the $2,900 level, breaking out of a descending channel on the daily timeframe. A solid 40% move to the upside looks likely, which could bring ETH up to the $4,000 range in the coming weeks. Entry: $2,750-$2,900 Target: $4,000 Stop Loss: $2,650 What’s your take on ETH’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!
Long
by CoreCrypto1
GBPUSD → Negative fundamental background. Going to 1.2500FX:GBPUSD is reversing after a retest of strong resistance with no opportunity to enter the liquidity zone. The negative fundamental background is confirmed. The dollar is flying upwards. News channels and not only already declare about the victory of Trump, whose policy is directed towards the strengthening of the dollar. Markets are starting to react accordingly. As for GBPUSD, in the last article I focused your attention on 1.2813 and 1.305: If after a pullback to the resistance the price starts to retest the support, the chances of a breakdown and further decline will increase. The fundamental background, formed at the moment, is favorable for the fall of the currency pair. Resistance levels: 1.294, 1.30, 1.3044 Support levels: 1.2813, 1.2672, 1.25 The technical and fundamental background are going in the same direction. Emphasis on the key support. A slight pullback is possible before further breakout. Also continue to follow the news! Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;) Regards R. Linda!
Short
by RLinda
11
APEUSDT → Is the dump still in progress? Emphasis on resistanceBINANCE:APEUSDT in the dump phase updates lows. Consolidation and a slight pullback is forming before important news from the US. There is a storm ahead! The coin pump is most likely a manipulation of fundamental facts related to the launch of Level 3 blockchain. But based on the overall situation, traders do not believe in further growth ... Technically, the coin is in the channel 0.963 (deeper 1.032) -0.900, accordingly, at the time of writing, prices are diving after bitcoin as markets are betting on Trump's victory, which puts a favorable wind on this market. But the outcome could be 50/50 as the politicians in the race go toe-to-toe... I emphasize the range boundaries to form a short and medium term strategy for APE. Resistance levels: 0.963, 1.032 Support levels: 0.900, 0.875 Technically, the primary target is resistance. Further we should consider a false breakdown with a possible decline to support, which may lead to a breakout and further decline to the zone of interest 0.733 - 0.695 Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:APEUSDT ;) Regards R. Linda!
Short
by RLinda
7
NZDUSD → Speculators waiting for news.... FX:NZDUSD is moving into consolidation after a strong and progressive fall amid a halt in the dollar index. Markets are waiting for news related to the US presidential election.... The currency pair amid strong bullish DXY is not practicing attempts to update local highs with the aim of changing the trend to a bullish one. Buyers are not ready yet, and are waiting for November 5... If Trump is elected, the dollar, supported by a pro-inflationary president, may continue to recover, which, accordingly, will manifest itself in the form of negative dynamics in the currency pair. But, most likely, with the election of a politician from the Democratic Party, the regulators are likely to continue to hold the dovish rate, in which case the NZDUSD will have a chance to change the trend. Resistance levels: 0.6031, 0.6066 Support levels: 0.5953, 0.5915 Technically, bears continue to hold the dominant position. The area 0.5915, 0.585 is a zone of interest in terms of liquidity formation, thus, there is a high probability of reaching these areas... Regards R. Linda!
Short
by RLinda
1
Alikze »» SUI | Descending channel - 4H🔍 Technical analysis: Descending channel - 4H - It is moving in a descending channel in the 4-hour time frame. - Currently, the supply area is facing sales pressure. - According to the correction structure in the 4-hour time frame, if there is no ability and stabilization above the number 1.95, the correction will continue until the area of ​​1.56. - The 1.56 range can have short-term targets of 1.66 and 1.75 if it meets demand. - In addition, in case of selling pressure in the range of 1.75, the correction will extend to the green box. 💹 Support zones in the case of extension of the correction log: 1.30 - 1.23 - 1.13 💎Alternative scenario, if it can consolidate above 1.95, could have short-term targets of 2.14 and 2.34. »»»«««»»»«««»»»««« 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. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SUIUSDT
Short
by alikze
2
ETHEREUM → Price can't break the bearish trend. False breakoutBINANCE:ETHUSD is facing selloffs. Technically, ETH is showing weakness on the background of growing sales. Any growth attempts are aggressively sold off. The price continues to test the support, which only increases the chances of a breakdown Accumulation is narrowing. Ethereum is unable to leave the downtrend. The pressure formed by the bears is only getting stronger. Earlier there was a growth attempt, which became unsuccessful, after a false breakdown of the intermediate resistance 2717. The bears did not let anyone near 2817. On the background of yesterday's fall, associated with bitcoin correction in the 67K - 65K zone, the price tested the consolidation support and is forming a false breakdown. From October 22: BITCOIN → False Breakout & Bearish Engulfment ↓ If the price does not start active growth, but returns to the support and starts to enter the risk zone, it can provoke the activation of orders and a strong impulse to 2100-1900. Resistance levels: 2562, 2728, 2764 Support levels: 2392, 2318, 2111 It is not excluded that the price may return to the triangle resistance or 2728, but there are no hints for now. Emphasize on 2562 and 2392, two important zones from which a strong fall can be formed Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSDT ;) Regards R. Linda!
Short
by RLinda
4
EURUSD Analysis==>>Inverted Head and Shoulders Pattern!!!EURUSD ( FX:EURUSD ) is moving near the Upper line of the Descending Channel , Support zone($1.0816-$1.0775) , and Support lines . Regarding Classic Technical Analysis , EURUSD has already broken the Neckline of the Inverted Head and Shoulders Pattern ( Bullish Reversal Pattern ). Also, Regular Divergence (RD+) between Consecutive Valleys . I expect EURUSD to rise to at least the width of the descending channel after breaking the upper line of the descending channel and SMA(100) and then attacking the Resistance lines . ⚠️Note: If EURUSD goes below $1.075, we must wait for more dumps to at least $1.069⚠️ Euro/U.S.Dollar Analyze (EURUSD), 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; 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
10
SCR → The dump continues. How far will the coin fall?BYBIT:SCRUSDT is in the dump phase after listing. The coin is losing 40% and is not going to stop yet. After a strong fall, the coin does not bounce back, but forms consolidation before a possible continuation of the fall... The reasons for the cold reception in the cryptocurrency community are quite objective: Rumors have surfaced that the founder took most of the coins from the amount allocated for airdrop, depriving active users, accordingly, people got few tokens... Criticism among the community regarding the design of the project. The Binance Launchpool whales got access to SCR early. Technically, the picture on the chart also points to weakness... The coin is unable to form a pullback or correction and update the local high. It can be seen that the bears are creating a huge pressure... Resistance levels: 0.9533 Support levels: 0.882, 0.8, 0.7 Accordingly, a retest of the resistance is possible before a further fall. It is not excluded, if the development team puts forward some announcement or news that can bribe speculators, in this case the coin can give a strong impulse upward, which will break the structure, but this is not the case yet. The fall will continue after the support breakdown... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SCRUSDT ;) Regards R. Linda!
Short
by RLinda
4
EURO - Price can bounce up from support line to $1.0825 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently, price started to decline inside falling channel, where it some time traded near $1.0955 level and then broke it. Next, price fell to support line of channel, after which bounced up to resistance line and then continued to decline. Some time later price declined to $1.0825 level and then bounced up to resistance line of channel. But after this, price turned around and then bounced down, thereby breaking $1.0825 level and entering to resistance area. EUR tried to rise, but failed and continued to decline inside falling channel, and recently reached support line. Now, I think that price can correct a little and then bounce up to $1.0825 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
12
SUI: Hurst Cycles and Elliott Wave Align for Potential UpsideSUI is following the Hurst cycles quite closely, with the price movement rising and falling in line with these time-based signals. These cycles give us a useful indication of when certain price actions may occur. Given that the peaks have aligned well with the midpoint of previous Hurst cycles, we could see more upside for SUI in the short term. Additionally, the Elliott Wave pattern (1,2,3,4,5) further supports the idea of potential continued upside. This signals a possible hold for now, as we wait for either a break of the upper trendline, which could lead to higher highs, or a reversal, keeping SUI within its current channel. Follow for more.
by cryptechcapital
BITCOIN → False Breakout & Bearish Engulfment ↓ BINANCE:BTCUSD entered a strong buying zone (68900) within the rally. BUT, the expected growth did not happen, the bulls could not realize the potential. A bearish engulfment of the last three bars is formed and actually - a false breakdown of the descending resistance... The growth formed from 59K is partly connected with the election race in the USA, economic revival in China, as well as economic news. But apparently, this energy is not yet enough for the price to easily overcome 68-69K with a target of retesting 71-73. The resistance zone of 68.4-69.4 is putting pressure. Buyers are taking profits, while bears, seeing the strong resistance zone, are trying to resist. The structure will break down if the price breaks 69400 At the moment, we see a bearish engulfment forming relative to the previous three bars, and this is a strong enough signal. Consolidation below resistance is forming, a small correction may be formed, the first target of which may be 65K, then 61-58-57. Resistance levels: 68400, 69400, 71500 Support levels: 66500, 65000 After the false breakdown, the price consolidation is formed below the resistance, which indicates the pressure from the sellers. This may provoke further downward correction. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
Short
by RLinda
56
EURUSD → Is a 300 pips drop not the limit? What's next?FX:EURUSD reaches an important target. As part of the realization, the price passes 300 pips. The fundamental background for further rate cuts is generally favorable The strengthening economy in the U.S. combined with a growing dollar (extreme rally of the index), the rate of interest rate cuts in Europe are doing their job. The fundamental background for the currency pair is weak, accordingly, in relation to this situation, in the medium term it is worth considering the continuation of the decline. The price reaches 1.078 - the liquidity zone. The pool of liquidity below this zone can push the price away, forming a correction to the imbalance zone, or to the local maximum, from which we can further consider the continuation of the fall. Resistance levels: 1.085, 1.087 Support levels: 1.078, 1.067 The last time the level was tested in early August. This fact in tandem with an aggressive fall of 3% may form a rebound due to the lack of technical potential to break the support level. Consolidation or correction may allow the market to accumulate strength... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
9
USDJPY → Attempting a trend change. Retest 149.0FX:USDJPY is testing range resistance in the rally phase caused by Friday's news - strong NFP report. The fundamental backdrop within the short-to-medium term is set... From the opening of the session a small correction is forming, the aim of which may be a retest of the support or imbalance zone and consolidation of energy before a further breakout. The market structure is locally bullish on the background of the dollar growth. The Japanese authorities are still silent about their actions to strengthen the national currency (either they think about it or don't think about it :) ), so traders are increasing JPY sales in order to buy USD. The first retest of the resistance at 149.4 failed (bounce). Emphasis on 0.5 fibo or 147.2 support from which the growth may resume... Resistance levels: 147.38 Support levels: 147.5, 147.2, 146.15 On the chart there are preconditions for the change of the local trend to a bullish one, the fundamental background is favorable for this. If the bulls will keep the defense above the support and continue to test the resistance with a breakdown target, then in the short-term-senior perspective we can catch the forging of the impulse to 152.0. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDJPY ;) Regards R. Linda!
Long
by RLinda
8
NZDJPY → Pre-breakdown consolidation. Preparing for a rallyFX:NZDJPY is forming consolidation near resistance after retest and false breakdown. On the back of JPY decline, NZD may show upside... There is no proper price reaction to range resistance. Consolidation in the format of a descending wedge, a rather strong pattern capable of forming strong movements, is being formed. The Japanese national currency continues to update lows amid the calm of the central bank of Japan, which is waiting for something because of the rally in the dollar, as well as economic data from the United States. Any strong comments could restart the rally in the JPY, so the risk of a shakeout is quite high. But at the moment the chart is hinting at a possible upside... Resistance levels: 91.362, 91968 Support levels: 90.056 The price stops moving away from the wedge resistance at some point, forming a 12-16 hour consolidation. Most likely there will be a breakout attempt. If the bulls keep the defense above 91.0, we can catch a good upward rally in the mid term Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDJPY ;) Regards R. Linda!
Long
by RLinda
7
ONDO ANALYSIS📊 #ONDO Analysis ✅There is a formation of Descending Channel Pattern and Cup and Handle in daily chart with a breakout of Descending Channel 🧐 Pattern signals potential bullish movement incoming after the confirmation of breakout of Cup and Handle. 👀Current Price:  $0.81600 🚀 Target Price:    $1.02090 ⚡️What to do ? 👀Keep an eye on #ONDO price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #ONDO  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
DOGE: Fractal Warning of Potential Slow Bleed AheadWhile DOGE has recently broken its trendline, this doesn’t necessarily signal a strong move to the upside. Looking at the fractal, there’s a strong possibility that this is the extent of the upward movement, and we may be in for a slow bleed over the next few days and weeks, bringing DOGE back down. It’s worth keeping an eye on how this plays out, but don’t be surprised if the market trends downward instead of delivering the strong gains many are hoping for.
by cryptechcapital
3