Get started

Parallel Channel

Z pullback to $65MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price above all channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM spiked positive Price at 3.618 Fibonacci level In at $72 Target is $65 or channel bottom Stop loss is $74
NASDAQ:ZShort
by chancethepug
GBPJPY - Trend-Following Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPJPY has been overall bullish, trading within the rising channel in red. Currently, GBPJPY is in a correction phase, so the lower bound of the channel would act as support. Moreover, the green zone is a strong structure. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green structure and lower red trendline. 📚 As per my trading style: As #GBPJPY approaches the blue circle zone, 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
by TheSignalyst
NASDSAQ INDEX (US100): Bullish Confirmation After Breakout US100 Index updated the all-time high, violating a solid daily horizontal resistance. After a breakout, the market retested the broken structure and started to consolidate on an hourly time frame. A violation of the upper boundary of the range is a strong intraday bullish continuation. It indicates that with a high probability, the price will go up. Next goal - 20920 ❤️Please, support my work with like, thank you!❤️
CAPITALCOM:US100Long
by VasilyTrader
1
ETHFI → A door has been opened to the bulls. Resistance retest BINANCE:ETHFIUSDT is forming a bottom. The coin continues to accumulate potential giving signs that the price is preparing to go up. The fundamental background is changing to favorable The U.S. presidential election and Trump's victory have a favorable impact on the cryptocurrency market in the medium and long term. This will be especially visible after the inauguration of the new (old) president :). Fundamentally, the market opened another door.... Technically, there is a clear bottom at 1.092 with no attempts to renew the low, and a basic cascading support is formed, indicating the buyer's strength. The focus is on consolidation of 1.798 - 1.092. The price exit from this channel will be accompanied by a strong distribution (most likely upward) Resistance levels: 1.798, 2.761 3.240 Support levels: 1.302, 1.092 There is a conglomerate of resistances ahead (descending line and channel boundary at 1.798). In the near future the market may continue to test this area with a breakout target. If the bulls can keep the defense above these areas, the rally will not be long in coming. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHFIUSDT.P ;) Regards R. Linda!
by RLinda
2
Bitcoin (BTC/USDT) Rising Channel Indicates Potential PullbackBitcoin is currently exhibiting a strong uptrend within a well-defined rising channel, signaling sustained bullish momentum. The price action has consistently respected both the upper and lower boundaries of this ascending channel, highlighting continued buying interest pushing BTC upwards. Rising Channel Structure Bitcoin has been steadily climbing within this rising channel, consistently respecting both the upper and lower boundaries. The channel’s top is near the $76,000 level, which could act as temporary resistance and a potential peak for the current upward move. Potential Correction to $66,000 A retracement to around the $66,000 level may be necessary before Bitcoin attempts further upside. This level aligns with a key support zone, allowing BTC to consolidate recent gains. A pullback to this area would still be within the bullish channel, maintaining the uptrend structure and potentially setting a higher low for continuation. Momentum Indicators Momentum oscillators are showing high readings, suggesting that Bitcoin is approaching overbought conditions. Historically, such high readings have been followed by retracements, supporting the possibility of a near-term pullback. Additionally, the stochastic oscillator is starting to turn downward, indicating weakening upward momentum, which aligns with the expectation of a correction. Next Move to All-Time Highs (ATH) If the correction toward $66,000 holds at support, BTC may resume its upward trajectory within the channel. The next target could be new all-time highs, potentially breaching the $76,000 level and aiming even higher, depending on the strength of the breakout from this rising channel. Strategy Consideration For short-term traders, exercising caution around the $76,000 level might be wise, as resistance could trigger a correction. Monitoring momentum indicators for signs of a pullback is advisable, especially if they continue to weaken. For long-term investors, a retracement to the $66,000 support level could offer an attractive entry point. Accumulating positions at this level may allow investors to ride the next bullish wave toward new highs. Conclusion Bitcoin’s current position within a rising channel indicates strength, but a short-term correction to $66,000 is plausible before resuming the march toward potential all-time highs. Monitoring key support and resistance levels, along with momentum indicators, will be crucial in anticipating Bitcoin’s next moves. -- Trade wisely and always conduct your own analysis before making investment decisions.
Short
by hellooxen8
1
Ethereum - This Is The Last Buying Opportunity!Ethereum ( BITSTAMP:ETHUSD ) is still super bullish: Click chart above to see the detailed analysis👆🏻 Despite the correction of about -50% which we saw over the past couple of months on Ethereum, market structure and price action is still overall bullish. Ethereum is currently creating a bullish break and retest with a potential move of +60% towards the upside. Levels to watch: $2.000, $4.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:ETHUSDLong
by basictradingtv
14
The speculative cup and handle is now valid and in playAfter the recent correction,the previous idea about this cup and handle (which I will link below) which described this pattern as purely speculative because we had not yet started to form a legitimate handle,is now no longer speculative as we have retraced enough and for enough daily candles to consider the current price action a handle even if it breaks above the rim line in jsut the next few days. There are still a couple speculative aspects to this chart. I went ahead and picked a random guesstimate for the length of the handle that I drew with the red trendlines. I tried to make it wider than it might actually be just to try to keep the price action inside its parameters as it develops…I also took its depth down to around the daily 50ma(in orange) it could go lower than that, or it could already have reached its lowest point, I felt doing so would be a nice middle ground for wherever it eventually finds its lowest point to be. Lastly where I placed the dotted green measured move line is also currently speculative…as always I just guesstimate an breakout point for the emasured move line until we have validated the breakdown then I go back an adjust the measured move line accordingly to get the most precise breakout target. Good news is where ever this thing eventually breaks out the target would be somewhere around 130k or higher. Now for the more bearish scenario, Iwent ahead and cloned the rimline of the cup and found that when I put it on the bottom and make a channel with it, there were enough pivotal candlestick touches on that line that not only is the cup and handle very valid so is the channel, this means should we somehow experience some sort of massive black swan, that it would be possible for price action to drop far enough to retest that bottom channel trendline and in turn nullify the cup and handle. This seems like a much lower probability than the cup and handle triggering its validation but it is indeed still a possibility…also, should it do something like that, and the channel becomes the more valid pattern, the breakout target of the channel would be roughly the exact same as whenever we were to break up and out of the cup and handle anyways, so to be honest, a retest of the bottom of the channel would actually be an even greater opportunity than if we just went ahead and broke up from the cup and handle itself because it would allow us to accumulate much more at a much lower price and the percentage of gains that could be made from all the way at the bottom of the channel to the final breakout target would be much higher. For now though I think just breaking up from the cup and handle is the much mroe probable outcome, but I am always ready for the less probable outcomes to occur as well. Really, in my opinion, no matter what happens in this situation, it’s a win win. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
1
EURO - Price can enter to resistance area and then bounce downHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price grew inside rising channel, where it broke $1.1070 level and rose to resistance line. Then price made a correction, after which continued to grow, but when it reached resistance line again, EUR turned around. After this, price started to decline inside pennant, exiting from channel as well, and also soon broke $1.1070 level. Next, price fell until to support line, which coincided with $1.0760 level and at once bounced up. Euro rose to resistance line of pennant and then made downward impulse, exiting from pattern and breaking $1.0760 level. Now, I think that price can grow to resistance area, where it reaches resistance level, and then bounce down to $1.0550 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
7
HelenP. I Gold can reach resistance level and then start fallHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price declined to the support level, which coincided with the support zone and broke it, after which started to trades between this level. Later, Gold rebounded from this level and dropped to the trend line, after which started to trades inside the upward channel, where it soon reached the 2655 support level and broke it again. Also, the price made a first gap, after which continued to move up to the resistance line of the channel, and even reached the resistance level, which coincided with the resistance zone. After this, Gold dropped a little and then continued to move up to the resistance level, making a second gap inside the upward channel. When the price reached the 2755 level, it broke it and rose a little more, after which turned around and dropped. Price exited from the channel and broke the trend line too, after which made a retest and now it declined. For this case, I expect that XAUUSD will grow to a resistance level and then start to decline. Therefore I set my goal at 2710 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
12
Bitcoin can grow a little more and then make correctionHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time ago declined from the buyer zone and entered the wedge. In this pattern, the price rebounded up to the resistance line from the support line, after which made a correction and then in a short time rose back, breaking the 67100 level. Then price exited from the wedge and continued to grow to a current support level, which coincided with the support area and when it reached this level, BTC broke it. Then it little grew and turned around, after which started to decline inside the downward channel, where it broke the 72100 level and fell until to the 67100 support level. After this movement, the price made a strong upward impulse to the current support level, exiting from the channel and soon breaking the 72100 level too. Next, the price made a retest and continued to move up, but a not long time ago it turned around and little declined. For this case, I think that BTC can grow a little more and then make correction to the 72100 current support level. That's why I set my TP at this level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
SOLUSDT: Is the Next Surge Imminent or Will Bears Take Control?Yello, Paradisers! The question of the hour: Is #SOLUSDT gearing up for another big move, or is it about to hit a wall? Here's what we're seeing in the charts right now. 💎#SOLUSDT has shown impressive strength throughout this bull run, navigating within a parallel trading channel that consistently touches both support and resistance. So far, it's respected this structure with clear patterns and potential for further gains. 💎The pair has already completed an ABC pattern twice within this channel. This sets the stage for a potential 5th wave surge if the 4th corrective move holds as expected. 💎SOLUSDT has established a series of higher highs and higher lows. It seems poised for another higher high after a recent pullback potentially formed a higher low. A decisive CHoCH could signal the momentum needed for another upward move, pushing SOLUSDT beyond current levels. 💎The price has been defending a strong support level at $163.38. Holding this level strengthens the bullish case. The first significant test lies at $176.92. Breaching this resistance could open the gates to higher targets. If momentum continues, look for action around $186–$187.44.The top of this current setup and a crucial psychological barrier rests at $200. 💎If SOLUSDT closes a 4H candle below $157.84—the previous higher low—the bullish structure would break, and we might need to reassess potential downside risks. 💎SOLUSDT is at a make-or-break point. If support holds and a new higher high forms, we could see a significant move targeting higher resistance zones. Keep a close eye on how the price behaves near $163.38 and whether the momentum carries it to $176.92 and beyond. Stay sharp and trade smart, Paradisers ! Consistency and a clear strategy are key to navigating these dynamic markets. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
2
Gold collapse imminent? 7hr chartPrice action on Gold since August as shown on the above 7hr chart. A Euphoric rally in the last 3 months has Gold bugs jubilant in celebration with a record 48% win from September 2011 (Ignore the 480% return of the S&P 500 in the same period). There are now messages aplenty calling for $5k and beyond. Who knows. One thing I do know, a common theme throughout the messages, people are euphoric. Market tops print with euphoria. Now this idea is not about who is wrong or who is right, congratulations if you've made a profit. The point of the post is to make sure profits are realised. A profit on paper is not a win and the bubble may now be about to pop. 90% of folks long on gold will not collect the recent gains. Why might the party be about to end? A few reasons.. 1) Price action support is broken. This is also true for RSI. 2) Throughout history RSI above 80 on the 3 week chart (below) has been a warning shot for extreme overbought conditions. Look left. Corrections between 20% and 50% are recorded. 3) Price action is at historical macro resistance (see 2 month chart below). Is it possible this time is different? Sure. Is it probable? No. Ww 3 week 2 month
OANDA:XAUUSDShort
by without_worries
27
Bearish Reversal Signals: Will the Price Reverse?4H Timeframe Current Price: 20,030.9 Bearish Signals: • Rising Wedge (Bearish Reversal) • Ascending Broadening Wedge (Bearish Reversal) Expect the price to test the first price target (PT), followed by the second. Resistance may trigger a bearish reversal after reaching these levels. If the price finds support, we may reach the third PT, which is at the upper trendline of the rising wedge. Then, after reaching our bullish targets, the price would likely start its bearish reversal to eventually reach 18,749.0. Price Targets: Bullish: • 1st TP: 20,210.3 • 2nd TP: 20,351.4 • 3rd TP: Upper Trendline of Rising Wedge Bearish Reversal: • 1st TP: Broadening Wedge Lower Trendline • 2nd TP: Lower Trendline of Rising Wedge • 3rd TP: 18,749.0 Happy Trading!
OANDA:NAS100USDShort
by SpicyPips
9
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
10
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
GBPUSD → The bearish nature of the market is confirmed. News?FX:GBPUSD behavior on H4-H1 confirms the fact of a characteristic bear market. The price is updating the local minimum and testing a strong liquidity zone before strong news NFP, Unemployment Rate, ISM PMI are published today. The range of expected data is quite wide. Analysts are expecting an aggressive decline in NFP to 106K from the previous 254K. Do you feel the manipulation before the Fed rate meeting, as well as before the U.S. presidential election? It is difficult to prematurely assess the fundamental environment due to the challenging economic environment. Theoretically, the dollar may continue to feel the support in the market, while GBPUSD is sliding downwards on the background of the UK policy. Technically, the price is testing a strong support zone and a counter-trend correction is forming after capturing some liquidity. Emphasis on 1.300 - 1.305 Resistance levels: 1.298, 1.300, 1.305, 1.310 Support levels: 1.284, 1.281 The news can have quite a wide impact on the market and it all depends on the actual data. I expect to see a continuation of the fall from 1.298-1.30-1.305 as a priority. But! Unpredictable data can turn the situation around. If the currency breaks 1.305 and consolidates above this area, the trend may stagger... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;) Regards R. Linda!
Short
by RLinda
7