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Parallel Channel

WHERE BitCoin HEADEDmy first ever post was not a serious technical analyses but it played out not so bad. now bitcoin had lost mid-term uptrend by breaking bellow 91K it will regain mid-term uptrend by breaking above 100K at the moment possible support levels: 73-75K and 67-69K *MY-OPINION*: we will have a dip in the next 2 Weekly candles forcing price to touch 67-69K, and then a close above 75K in monthly(March) candle would be nice to confirm the end of a correction phase for BTC.
BITSTAMP:BTCUSD
by morteza98
1
Gold Wave Analysis – 28 February 2025 - Gold broke the support zone - Likely to fall support level 2800.00 Gold recently broke the support zone between the key support level 2875.00 (which has been reversing the price from the start of February), the support trendline of the daily up channel from January and the 38.2% Fibonacci correction of the upward impulse from January. The breakout of this support zone strengthened the bearish pressure on gold accelerating the active downward correction. Gold can be expected to fall to the next support level 2800.00 (a former multi-month high from last October and the 61.8% Fibonacci correction of the upward impulse from January).
FX_IDC:XAUUSDShort
by FxProGlobal
Miota ($IOTA)Weekly TF Elliott Wave Crypto Analysis FIB TCAnalysis of the IOTA/USDT Weekly Chart Using Elliott Wave Principle Overview & Key Elements The chart represents the IOTA/USD pair on a weekly timeframe with Elliott Wave structures, Fibonacci retracements, and channel trends. Key observations: • completed five-swing downtrend. • corrective wave (ABC) retracement following the previous bear market. • potential macro bottom around $0.06-$0.07, indicating capitulation. • price has bounced off key Fibonacci levels (0.618, 0.786). • Fibonacci extension targets project potential upside targets at $2.74, $6.61, and $7.50. • Bearish parallel channel: The price recently broke out of the descending structure. • Resistance zones: Around $0.60, $0.85, and $2.75 before reaching the higher targets. • RSI Indicator: previously in oversold territory, now signaling a potential macro reversal. • The momentum is turning bullish, aligning with the forecasted Wave 3 impulse move. What Does This Mean for Price Action? Bullish Reversal Confirmed: The price action suggests a completed bear market correction and the beginning of a new impulsive bullish wave (likely Wave 3). A break above $0.57 and $1.00 would strongly confirm this bullish scenario. Potential Targets for 2025-2026: • $1.00 - $1.50 → Initial major resistance zone. • $2.74 - $3.40 → Key Fibonacci extension level, historically significant. • $6.61 - $7.50 → Maximum projected target based on the 1.236 Fibonacci extension. Risk Factors: If IOTA fails to hold above $0.12 - $0.15, further downside towards $0.06 could occur before resuming upward. A break below $0.06 would invalidate this bullish setup. Conclusion: Highly bullish setup for IOTA with a strong Elliott Wave structure. Long-term accumulation levels: $0.12 - $0.20. Target zones for the next bull run: $2.30 - $7.50. A parabolic breakout is likely in 2025
BINANCE:IOTAUSDLong
by Anakyn
GOLD → False breakdown and pullback before the fallFX:XAUUSD is updating lows within the framework of the changed local trend. The price is testing the liquidity zone of 2852. Possible rebound before further decline Gold traded near two-week lows below $2,900 in Asian markets on Friday, breaking an eight-week run of gains. The metal is being pressured by a strengthening U.S. dollar amid Trump's new tariff threats and the U.S. economy. Trump confirmed 25% tariffs on Mexican and Canadian goods from March 4 and an additional 10% on Chinese imports. Weak US GDP data (2.3% in Q4) and rising jobless claims also support the dollar. Traders are waiting for the PCE core price index data to gauge the Fed rate outlook and the impact on gold Resistance levels: 2869, 2877, 2885 Support levels: 2852, 2834 A false break of 2852 could trigger a pullback to the imbalance zone (2869-2877) or to the liquidity zone (2885) before a further decline. Fundamental and technical background is weak, gold may try to renew the low. Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
USDJPY → A rebound following a rising dollarFX:USDJPY is growing following the dollar. A local reversal is being formed due to US politics and economy The price stops in the zone of 149.4 - 148.6 after a strong fall. Long-term consolidation is forming a reversal setup, the situation is also supported by the reversal and strengthening of the dollar. Against this background, the Japanese yen is losing positions. The focus is on the resistance 150.3, if the bulls can keep the defense above this zone, then in the short to medium term the price may strengthen to the trend resistance. Resistance levels 150.3, 150.95 Support levels: 149.4, 149.15 At the moment we have a downtrend and the potential for counter-trend correction. Everything depends on the dollar and the upcoming news. If the outcome is positive for us, the price may reach 152.3 Regards R. Linda!
Long
by RLinda
6
Bitcoin can break support level and continue to fall in channelHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see that the price moved into a range, where it initially surged to the seller zone, touching the upper boundary. After that, it quickly reversed and dropped to the lower part of the range, which aligned with the 93900 level, before bouncing back up. The price made another attempt to reach the seller zone, but this time it broke out of the range and started declining within a downward channel. Inside the channel, BTC initially touched the support line but struggled to gain momentum and continued to fall. Not long after, the price broke through the 93900 level, retested it, and then dropped further to the support level, which overlapped with the buyer zone. It even briefly broke this level, reaching the channel’s support line before making a sharp recovery. Following this bounce, BTC quickly reclaimed the broken support level and is currently trading near the 88100 mark. In my view, Bitcoin could rise to test the channel’s resistance line before resuming its downtrend and breaking the support level again. Based on this, I’ve set my TP at 85000 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
17
EURO - Price can make small correction and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago, the price bounced from support line and rose to resistance area, after which it started to fall. In a short time, price declined to support line and then it made a strong gap, breaking support line. After a gap, Euro made an upward impulse, breaking $1.0300 level, and then turned around and madea correction. Next, price started to grow inside a rising channel, where it rose to resistance area again and then bounced down. Then it in a short time rose back and broke $1.0480 level and now price trades inside resistance area. I think that Euro can bounce up from resistance area to $1.0580 points inside a rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
EURCAD - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURCAD has been in a correction phase and it is currently approaching the lower bound of the blue channel. Moreover, the green zone is a strong support zone. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #EURCAD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TheSignalyst
19
EURUSD - Bullish No More!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURUSD has been overall bullish, trading within the rising channel, however it is currently retesting the upper bound of the channel. Moreover, the red zone is the upper bound of its weekly range. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the structure and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #EURUSD approaches the red circle, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
6
ETH has broken its 2 year ascending trendlineI have been busy working on our AI Super Aggregator so have not been as active in the market but look at this chart, it looks not good. We have broken a 2 year ascending trendline, the only goodish news is that it looks like we are trying to assume a nearly horizontal channel versus some steep descending channel. Since we are at the bottom of that new channel I would expect some reprieve from the current descent but a good chance its just enough to come up and prove our old ascending channel as resistance before potentially heading back down to retest the bottom of channel support. Really most the broad crypto market looks not so great but some assets have been trying to break their descent, and for some assets they are so oppressed right now you have to wonder, how much lower can it go? Be vigilant, the market has already been cruel and at the moment it looks like it still has more anger to blow off.
Short
by EncryptShawn
S&P 500 Index Wave Analysis – 27 February 2025 - S&P 500 index broke support zone - Likely to fall support level 5800.00 S&P 500 index recently broke the support zone between the key support level 5925.00 (low of the previous waves a and c), the support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse from January. The breakout of this support zone accelerated the active short-term correction ii – which belongs to the higher raves 3 and (C). S&P 500 index can be expected to fall to the next support level 5800.00, a low of the previous minor corrections a and 2.
SP:SPXShort
by FxProGlobal
GBP/USD Bullish Recovery – Key Levels for a Breakout & ReversalHello, buddies. Given the decline, the price has now established a solid floor, and we expect it to continue growing; nevertheless, we must enter a price correction, therefore we have selected the best possible support point for you... We will wait for a new ceiling to be registered before proceeding with the purchase transaction, but with careful risk and capital management. *Trade safely with us* Overview: The GBP/USD 4-hour chart shows a potential bullish reversal after a significant downtrend. Price has formed a double-bottom pattern and has broken out of a descending trendline, signaling a shift in momentum. The chart highlights key areas of support and resistance that traders should watch for confirmation of a sustained move higher. Key Technical Analysis: Fake Breakout: A false breakdown below the trendline in August led to a sharp recovery, confirming a liquidity grab before a bullish continuation. Trendline Breakout: The price has successfully broken the descending trendline (orange line), indicating potential bullish strength. Support Zones: Blue Zone (~1.2450 - 1.2500): A strong demand area where buyers may re-enter. Purple Zone (~1.2120 - 1.2200): A deeper support level, acting as the last line of defense for bulls. Fibonacci Levels & Targets: 1.2785: First key resistance level. 1.3022: A major resistance and potential breakout zone. 1.3242: Final bullish target if momentum continues. Trade Plan: 📌 Buy Limit Entry: Around 1.2450-1.2500 (if price retests the support zone). 🎯 Target 1: 1.2785 🎯 Target 2: 1.3022 🎯 Target 3: 1.3242 🛑 Stop Loss: Below 1.2400 to minimize risk. Conclusion: The GBP/USD pair is showing signs of a potential bullish reversal. A short-term pullback to the blue support zone could provide an optimal buying opportunity before a strong upward move. However, a break below 1.2400 could invalidate this bullish setup, leading to a deeper correction. 🚀 Bullish Bias if Key Support Holds! 🚀
Long
by NexusTradesZone
LTC/USD Secondary trend (part). 09 12 2023Logarithm. Time frame 1 day. Part of the secondary trend. Channel to work, price consolidation in its lower part. A high probability of an upward exit from it. Key levels are shown by arrows. Percentages for clarity and target orientation similarly. This is how it looks like on a line chart without "market noise". . Double bottom with a flat top in an accumulation channel. Post-halving time. A local uptrending channel that has a double bottom with a flat top. This is a strong bullish pattern that says price is (this accumulation zone) at the lows of the trend initiation. The last cycle after the capitulation (end of the participation phase) of all liquid instruments (this is important) began with this structure, which is a display of the actions, first of all, of large market participants that have an impact on pricing (holding). For example, look at the bitcoin 2020 chart and this structure. Similar to what happened on LTC a few months after the halving. Major trend. Cycles. Super profits. LTC is a cryptocurrency that has survived many cycles and has not depreciated completely, although it can be seen that the capitalization and leadership positions are not able to compete with the new 2 cycle HYIP giants. From the position of the cycle before last (distributions, i.e. highs) 2017, this cryptocurrency is on a big super profit. There are very few cryptocurrencies in the crypto market that are in their main trend in an uptrend and are on super profits relative to previous cycles. LTC is one of them. As a rule, the opposite is true. It is clear that the main major holders in most cases for such a long period of existence in the crypto market, LTC has already been repeatedly changed. But with this logic of the price chart, which is displayed on a long history and on a large time frame, should be considered and taken into account in its risk management. Major trend. Time frame 1 month.
BITSTAMP:LTCUSDLong
by SpartaBTC
3
HelenP. I Gold will grow to trend line and then rebound downHi folks today I'm prepared for you Gold analytics. On this chart, we can observe how the price was trading near the support level, which aligned with a key support zone. Gold initially dropped, rebounded from the trend line, and began moving higher within an upward channel. However, it eventually broke below the support level. Following this, the price made a correction to the trend line, which acted as support, before continuing its upward movement. Later, it reached the resistance level, which coincided with a resistance zone, and then pulled back downward. After this move, the price made a minor correction and quickly returned to the resistance area. Gold repeated this pattern once more, spending some time trading near resistance before recently breaking below it. Additionally, the price has broken through the trend line and exited the channel. Given this setup, I anticipate that XAUUSD will first rise back to the trend line before resuming its decline. My goal for this scenario is set at 2860. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
4
GOLD → Retest of risk zone 2880. A pullback is possibleFX:XAUUSD is breaking the local trend and is testing the panic and risk zone of 2880 as part of the correction. A retest of this area will increase the chances of a trend change Gold is losing growth due to uncertainty of Trump's tariff plans and economic problems in the US. Contradictory statements from the president are supporting the dollar, while rising bond yields are holding back gold prices. Markets are waiting for US GDP data: if the figures are lower than forecast (2.3%), gold may rise. Fed speeches are also important, but the key will be Trump's statement, which may change the market sentiment Technically, locally we have a bearish market structure and in this case we expect the decline to continue after a small correction. Support levels: 2878, 2888 Resistance levels: 2890, 2907 False breakdown of the above support, after such a strong fall, may form a correction. Initially, the price may head towards 0.5 Fibo, after a small pullback we may test 0.7 Fibo. But then we will have to watch the price reaction. If the gold will go down, the focus will be on 2880. If the movement will be difficult and the price will start to test the resistance, then in this case, against the background of high risks, we can return to the growth phase. Regards R. Linda!
FX:XAUUSDShort
by RLinda
14