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Descending Channel

CAD/CHF:short positionCanadian dollar/Suisse Franc look besrish in this side in H1 yimeframe. I put a sell order limit to $0.7480 CHF ,Stop Loss to $0.7501(21 pips) CHF and take profit of $0.7423 CHF (56 pips). Also, I share the H4 timeframe that CADCHF broker down the uptrend line and we're I this corrección in the market. Also we forming a bearish channel in this timeframe what we could to gind up good opportunity itu to short Canadian Dollar. I hope that this idea support you. Remember, FED will make a news about interest rates decision and traders expect that this news becomes bullish in USD. Good luck!!!
Short
by harisonhbn9718
12
XAUUSD | New perspective The Gold appears to be recovering from a month low of $1,680 to reclaim the $1,720 area which is my key level for the week on the dismal US PMI to set the tone for a shorter bullish bias. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDLong
by darcsherry
4
Tranchess CHESS - 1-year trendline is breaking out! CHESS is completely ready for a massive uptrend! A 1-year trendline is breaking out on the LOG scale, which is always nice to see. Price is printing a local rectangle consolidation (base) and if bulls can reach the top of the pattern, then I expect a huge pump. If we take a look at the volume indicator, we can see elevated bullish volume, so another great sign here! The impulse Elliott Wave has been finished and that's why I expect at least a retracement to the upside. Place your profit target at the start of wave (4). I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
43
Radicle RAD - Great opportunity! Bullish base + Elliott Wave We have a local bullish rectangle / base and if the bulls can break this level, then I expect a massive uptrend! Also, on the daily chart we can spot a huge descending channel / falling wedge and I think it's the right time for a breakout. An impulse Elliott Wave has finished, so I expect an ABC retracement. Profit taget 1 is on top of the trendline + wave (4). The second profit target is on the main resistance + wave (4) + 0.618 FIB. I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
58
Voyager VGX - Downtrend is over! Impulse completed + Record VOL VGX is currently number #1 bullish altcoin on Tradingview Binance USDT list. We have a record volume at the end of the downtrend, which is a significant event. As per my Elliott wave analysis, this huge Impulse wave should be completed successfully. Now i expect a retracement at least to 0.382 FIB + previous swing low (for conservative traders). You can wait for a breakout above the yellow trendline for safe entry. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" & "Follow"!
VLong
by UnknownUnicorn2537518
37
Ethereum ETH - New bull market! 10 000 - 20 000 USD next TARGET! On the weekly chart, we still have an incomplete Impulse Elliott Wave and I think it's the right time to finish it! The bulls successfully defended the 200 moving average, which is very important. 200 MA is considered as a huge support/resistance zone by huge institutions and hedge funds. Check out the volume profile indicator. Here we can see a gap that acted as a support! If we take a look at the RSI indicator, we can spot a beautiful bearish trendline. As per my Elliott Wave analysis, an ABC (classic ZigZag) correction has been successfully completed, and now we can start a new impulse wave! These yellow trend lines help us identify individual impulse waves, and we are clearly missing a 5th wave. I expect tremendous pumps for selected alt coins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
61
ASX:INR TO REGAIN LT UPTREND?Watching INR closely after recent bullish fundamental news regarding Ford Binding Offtake Agreement. I have charted key levels of support and resistance as well as added in long-term and short-term trends. Direction 1: Recently validating short-term uptrend and testing current daily resistance zone IF momentum continues it could regain long-term uptrend and eventually breach current daily resistance. Direction 2: Short-term uptrend eventually breaks due to lack of bullish momentum and a selloff but manages to maintain support, eventually regaining long-term uptrend for a slower and more stable rally as it targets upper band downtrend resistance and ath resistance. Direction 3: Short-term uptrend fails and price fails to regain long-term uptrend due to selloff, price manages to hold and validate daily support and moves sideways developing a short-term range. Direction 4: Short-term trend fails and daily support fails, selloff increases and price moves back to the former low territory to find and validate a level of support. Indicator RSI: Currently trending above the 50 midway mark and in Bullish territory. I will be watching closely to see which way momentum swings and see if it fails the current uptrend. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:INR
by Trader_Johnni
EUR/JPY: Market Overview:Euro/Yen Japanese look very interesting to short EUR/JPY in the key supply zone around $140.07 JPY in this trade. Also, I beleive that Euro need to up in that zone and very near of the EMA 200 to confirm it like resistance here in that zone that I see. Also, that mean that we could to find up a movement to the upside of +0.70% and find up +105 pips in this trade. What mean that we could to check in a short timeframe like H1 becuase I see a possible long posiiton in this shortly trade to long position in EUR/JPY and then short EUR/JPY in that zone that I mark here in H4 timeframe. Also, as we formed a bearish BAT Harmonic Pattern, and we're dwon of the 0.782% Fibonacci (confirmed) In H1 timeframe, we could to see this panoramic. But I see clearly a good long position, what in few minutes I will make a 2nd analysis in H1 timeframe. In Daily timeframe, I hope a bearish continuation in this trend, also we're in this bearish channel what I hope a possible weakness during this week in EUR/JPY in my note I hope that this analysis support you. I will long EUR/JPY in H1 timeframe and then, I short EUR/JPY, because I see a clearly long posiiton in that zone that I will explain very soon now.
Short
by harisonhbn9718
2
Wing Finance - Extremely high bullish volume! + 900% PROFIT First of all I want you to take a look at the volume indicator - there is the highest volume spike since the coin was listed on the exchange! This coin is currently #2 on TradingView Binance USDT list. Price is printing a descending parallel channel on the daily / weekly time frame and it looks like the bulls already destroyed the main trendline. Also we can spot a local symmetrical triangle on lower timeframes and if you switch to the 4h chart, you will see a strong bullish price action. An Impulse Elliott Wave + ABC correction have been finished successfully! You can take profit at the major resistance - previous swing high (wave B) +900% PROFIT. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
37
Fantom FTM - Time for the bullish action! Elliott Wave + 200 MA On the daily chart we have an impulse Elliott Wave that has been completed and because of that, I expect an ABC retracement to the upside! A very strong resistance is at 1.13 - 1.00 USDT, we have a great confluence in this zone as you can see on the chart. Confluence: start of the gap + end of the wave 1 + end of the second wave 1 + 0.618 FIB retracement + 200 daily MA + psychological level 1.00 USDT. Price is printing a local descending channel and if bulls can break through this channel, then we can definitely go higher! Overall structure on the daily chart is bearish and I recommend only a short term counter trade here. I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
FLong
by UnknownUnicorn2537518
23
GBPNZD | Perspective for the new weekThis is a follow-up detail on my previous analysis as my bearish expectation appears to be intact (check the link below on my tradingview platform for reference purposes). This video explains how I plan to take advantage of a trend continuation to the downside with a caveat. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
EURCAD | Perspective for the new weekPrice action has been caught within a descending channel since the month of June and we are not sure if the price is going to continue to respect this downtrend situation or could there be a breakout of the channel to incite a bullish momentum? This video explains how I intend to take advantage of a trading opportunity this week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
Bitcoin BTC - New bull market just started! Elliott Wave + Wedge The price is currently above 22 000 USD and we have had a capitulation wick to 17 600 USD to kick out high leverage traders. I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD)! Bitcoin on the weekly chart is currently sitting on the main support: Previous 2017 Swing high + 0.382 FIB + ABC correction completed! The price is forming a falling wedge pattern, which is definitely a good sign that can lead to a new bullish trend. As per my Elliott wave analysis - ABC correction (ZigZag 5-3-5) should be completed successfully and we can start a complete new impulse wave. Only Bitcoin is a safe bet for the longterm. It's the best store of value and altcoins are awesome for short-term to mid-term massive gains. I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
62
Ripple XRP - Warning to all traders! Elliott Wave + Channel XRP is the most hated and most loved coin on the crypto market, no doubt about it. I personally like XRP, because transactions are extremely fast and super cheap, but the price action is another level! But let's take a look at the weekly / 3D chart and do Elliott wave / chart patterns technical analysis. As you can see there is a huge symmetrical triangle that has been destroyed by the bears in May 2022. Usually if a major pattern breaks down, then we need a lot of time to recover. It is a common thing to retest the triangle and then make a new low on the macro scale. What's more, as per my Elliott wave analysis, I deeply miss the next final impulse wave down to complete a major ABC retracement. If we take a look at the volume indicator - bearish pressure is still pretty high, which is not good at this moment. We have a massive parallel channel on the weekly chart and I think we can definitely retest this channel again in the future. Due to my analysis - I think we will go temporarily up from here and then a final capitulation move is going to happen. I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
by UnknownUnicorn2537518
27
AutoFarm AUTO - Whales are buying! Breaking out + Triangle First of all I want you to take a look at the volume indicator - we have an elevated volume and massive buying pressure! On the daily chart we can clearly see a massive descending channel and the price is very close to so a breakout. Also we have a symmetrical triangle + 200 daily moving average, likewise very close to a breakout! Impulse Elliott Wave has been completed (5-3-5-3-5) and now we can expect at least a bullish retracement. First profit target: End of the wave 4 + 0.382 FIB - 91% profit at 600 USD. Second profit target (recommended): End of the wave 2 + 0.618 FIB - 425% profit at 1683 USD. Always set your profit target slightly below these levels, to make sure you will get filled. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
ALong
by UnknownUnicorn2537518
43
TOTAL crypto cap - New bull market! Bull flag + Elliott wave We have a tremendous confluence to buy cryptocurrencies for a long term at this moment! It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart. 200 moving average is considered as a strong support by huge instituions and hedge funds and bulls successfully defended this area! 0.382 FIB retracement is also a noticable support level on the LOG scale. As per my Elliott Wave analysis - ABC correction has been completed on the macro scale and now we are ready for another bull market! We have a falling wedge or a bullish flag - noticeable patterns on the weekly chart. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
CRYPTOCAP:TOTALLong
by UnknownUnicorn2537518
19
EUR/USD – Stuck In A Descending ChannelHi Traders, As we are noticing a bounce in the forex market and as we are thinking the bulls might be coming back to start doing some damage control, we have to remember to zoom out to see what the real trend is. When in doubt, zoom out. On (EUR/USD), In the daily time frame, the price has been stuck in this descending channel since the end of January. Price has been making lower lows and lower highs since the beginning of 2022. Now, if you were a swing trader and managed to catch that double top at the end of January as a short entry and rode this pair down all this way, you would have made yourself 12% over a period of 100 days. That would be incredibly good and there are a lot of traders that have capitalized on these opportunities to go short that the Euro has given us this year. For those of us that have not had any short positions and have only missed every possible entry, well, never fear as the markets always have endless amounts of opportunity. If we jump into the 4-hour time frame, we can see that the bulls are showing their horns at the moment. However, back on the daily, it still looks like we are in bear territory. Now, I like to see a clear bounce off of the support and off of the resistance channel bottom and top to signify and validate a clear channel. Look how many taps we have had on the bottom and the top of the channel. Let's count them out. Four taps on the bottom. Six taps on the top. We can safely say that we are stuck in a channel. I also like to see the price respect the middle zones of the channel. Notice how the price has done so. Every time it touches the middle of the channel, it respects that area and treats it as Support and Resistance on the way down. So, it's all very well and good that we have identified a bearish trend and price stuck in this Daily descending channel. What good is it to us? Well, we have to look for opportunities right? Either to sell or to go long. Right now, there's no point in selling the channel bottom is there? Haha, on the 4-Hour we might see a pattern that we can use to go long. However, on the Daily, we are waiting for the price to close today above the line of resistance I have drawn. Perhaps upon a retracement to that line, we can carry this pair north to the channel top. Please remember that we need to see a reason to buy and by buying, please remember we will be going counter-trend. So our reason has to be solid. We can use the channel top as a target as we can see previously that when the price touched the bottom of the channel at the beginning of previous months, by the end of the month, the price had reached the top of the channel. This is by no means an accurate strategy that one should employ, I'm just pointing interesting things out. Please trade them at your own risk. However, I would just suggest rigorous amounts of back-testing first. One more interesting thing to notice – Volume. Look how it has been sloping downwards along with the channel. The lower price got, the less buying and selling there was and the less amount of power it took to push the price down. Should we be looking for a pop sometime soon? Things that make you go hmmm. On that note, I bid you all a great Tuesday and I will be seeing you all in the next one. The Vortex Trader
Long
by TheVortexTrader