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Parallel Channel

Gold can reach resistance line of channel and then start to fallHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price bounced from the support level and started to grow near the support line to the resistance level, which coincided with the seller zone. Soon, the price broke the 2665 level and rose a little higher, but soon turned around and started to decline inside the downward channel, where it broke the support line with the 2665 level again. Gold dropped to the support line of the channel and then made impulse up to the resistance level and then continued to fall. Also later, the price reached the resistance level again, after which rebounded and dropped to the support line of the downward channel, breaking the 2625 support level, which coincided with the buyer zone. But a not long time ago it turned around and bounced up to this level, broke it again, and continued to move up. At the moment, Gold trades almost near the resistance line of the channel, so, I expect that it can reach the resistance line and then start to decline. Also, I think the price can break the support level and continue to fall, therefore I set my TP at 2615 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
5
BTC - Do You Remember This? Now What?Hello TradingView Family / Fellow Traders, 📍Following my last BTC Monthly log view analysis on November 11, 2022 , we anticipated the bulls taking control after rejecting the lower green trendline and horizontal support. Currently BTC is approaching its all-time high! What's Next? 📈 If the current all-time high (highlighted in red) is surpassed, we anticipate a 254% increase, mirroring the last bull cycle. This aligns with the upper boundary of the green channel and the 200k - 250k round numbers. ⚠️ However, the journey may encounter bumps, leading to sharp correction movements to shake out weak hands. This bearish scenario, would mean retesting the lower green trendline before surging! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
BITSTAMP:BTCUSDLong
by TheSignalyst
22
AVAX Confined to an Elongated Channel: Range-Bound indefinately AVAX appears to be trading within a very elongated channel, which could represent either an impulse wave (up to Wave 4 in this case) or, more likely, a WXZ or WXYXZ corrective structure. The absence of a strong upward lunge or decisive break above the upper green trendline supports the idea that AVAX is stuck in this corrective phase. Until a clear breakout occurs, the price seems confined to the boundaries of this channel. For those looking for opportunities within this range, you could consider trading the key levels—but be cautious of the lack of a decisive trend change. It’s important to keep in mind that without a strong move outside of the channel, any significant upward momentum may take some time to materialize.
by cryptechcapital
Alikze »» XAUUSD| Descending channel - 1H🔍 Technical analysis: Descending channel - 1H - It is moving in a descending channel in the 1H time frame. - It is shaded in the area of ​​the bottom of the downward channel that there is an OB in the liquidity area. - There is an FVG gap in the 30MIN time frame. - Therefore, it can have a correction by filling the gap up to the liquidity area. In the FVG area, in case of selling pressure and confirmation, it can have a return to the liquidity area and after that it will grow again up to the channel ceiling. »»«««»»»«««»»»««« 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. »»»«««»»»«««»»»««« OANDA:XAUUSD
OANDA:XAUUSDShort
by alikze
Alikze »» XAUUSD| Descending channel - 1H🔍 Technical analysis: Descending channel - 1H - It is moving in a descending channel in the 1H time frame. - It is shaded in the area of ​​the bottom of the downward channel that there is an OB in the liquidity area. - There is an FVG gap in the 30MIN time frame. - Therefore, it can have a correction by filling the gap up to the liquidity area. In the FVG area, in case of selling pressure and confirmation, it can have a return to the liquidity area and after that it will grow again up to the channel ceiling. »»«««»»»«««»»»««« 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. »»»«««»»»«««»»»««« OANDA:XAUUSD
OANDA:XAUUSDShort
by alikze
Solana Roadmap!!!Today, I want to analyze the Solana ( BINANCE:SOLUSDT ) project for you; I hope it will be useful 😊. First, let's have a fundamental analysis of the Solana project . 1. Network and On-Chain Performance : Solana, using its Proof of History (PoH) technology, is known for high speed and excellent scalability. The number of transactions and active users in its on-chain ecosystem continues to grow, and the total value locked (TVL) in DeFi protocols on Solana remains high. However, network outages in the past have slightly damaged user and investor trust. 2. News and Developments : Solana is actively collaborating with new NFT and DeFi projects, contributing to the growth of its ecosystem. The development team is working on resolving technical issues and upgrading the network to enhance stability and security. --------------------------------------------- Now, let's take a look at Solana's technical analysis . When Bitcoin( BINANCE:BTCUSDT ) touched $50,000 on August 5 , Solana also touched $110 , with so much volume that these last two months' moves seem to be in the form of a correction , and we should expect another Solana correction . According to the theory of Elliott waves , Solana seems to have completed the main wave 3 at $193.9 8 , so that the microwave 5 of the microwave 5 of the main wave 3 is truncated . Before conclusion , let's take a look at the BINANCE:SOLBTC chart . SOLBTC is moving in a Symmetrical Triangle in the daily time frame, and if SOLBTC starts to increase again from the lower line of the symmetrical triangle , we can hope that if Bitcoin experiences a sharp fall, the Solana project will fall less and vice versa.👇 I expect Solana to drop at least -20% after breaking the Support lines and move back to near the lower line of the descending channel . Factors such as outages or disruptions in the Solana blockchain network can lead to further modification of this token . Educational tip : TradingView has released a new update for the Parallel Channel these few days, which can be very useful. I definitely suggest you visit this article . ⚠️ Note: If Solana can break the Resistance zone($164-$154), we should expect Solana to rise to $200. ⚠️ Solana Analyze (SOLUSDT), Daily 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.
Short
by pejman_zwin
10
GOLD → Consolidation in correction phase ahead of news...FX:XAUUSD is in correction phase, but before important news a consolidation is formed due to fear and unpredictability factor. Analysts are expecting a decline in inflation, but what will happen in fact? A bull run or a dump? Markets are pricing in an 81% chance of a 0.25% interest rate cut in November. But yesterday's minutes showed that most officials supported an excessive 0.5% rate cut to balance inflation confidence and labor market concerns. Ahead of CPI, Initial Jobless Claims ... If CPI shows stronger data, the question among regulators will be in a different vein of “should we cut 0.25?” which will only reinforce the dollar's rally and markets will continue a solid correction. A larger decline in CPI could revive hopes of an excessive Fed rate cut in November, triggering a correction in the US dollar. Gold could experience a fresh influx of funds..... Resistance levels: 2623, 2627, 2637 Support levels: 2605, 2600, 2585 Technically gold is in correction and the pressure from bears continues. In the mid (short) term, I expect a retest of resistance at 2623 (a false breakdown is possible) followed by a decline to 2600-2585. It is not excluded that the news may have an opposite effect... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
30
USDCAD → Breakout. One step away from distribution...FX:USDCAD makes an attempt to break through the resistance of the “wedge” consolidation on the background of a growing dollar, the reasons for which are economic data from the USA. NonFarm Payrolls are ahead! On the weekly timeframe, the currency pair is bouncing off the support trendline and heading towards resistance, the pattern as a whole resembles an ascending triangle. But still it is a global sideways range. The movements in it are quite difficult and the price is dragging between the local levels. Ahead is the NFP report, which may become an engine for the price, and based on the assumptions from Wednesday and ADP NonFarm we can assume that on this background the growth of the dollar and the currency pair may continue. Technically, the bulls are trying to hold the defense above the previously broken resistance. The impulse is beginning to form... Resistance levels: 1.358, 1.364 Support levels: 1.353, 1.347 If the bulls keep the price in the new plane (buying zone), the price may reach the nearest targets quite quickly. If the news will be favorable, then in this case a rally to the distant targets may be formed. Unpredictable data will bring the currency pair back to the range and may bring the price down to 1.347 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCAD ;) Regards R. Linda!
Long
by RLinda
8
ETHEREUM → Support breakdown? Zone of interest 1550 ↓BINANCE:ETHUSD continues to give up positions. Buyers do not believe in growth in the near future. Bears are increasing their pressure, which may lead to the breakout of the strong support zone... As seen on W1, the next potential target, in terms of liquidity, could be the 1550 support. Any attempt to buy back the asset on a retest of the support does not result in anything radically bullish. The market will not allow the price to approach the intermediate highs, which indicates the buyer's weakness. On H4 the price is squeezed by local ascending support (bottom of the triangle) and descending conglomerate of moving averages, which clearly dictate the location of strong resistance. In the mid-term, there may be a rebound to the local highs or SMAs before a further decline. Resistance levels: 2471, 2520, SMA Support levels: 2310, 2250, 2111 So far there are no technical or fundamental reasons in favor of the buyer. Seller's pressure may be intensified. The breakout trigger is 2325. The trigger for a pullback is 2475 - 2500. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;) Regards R. Linda!
Short
by RLinda
2
GOLD - Price can turn around and start to fall to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A not long time ago price declined to support line and then at once bounced and started to grow near this line. In a short time, price rose to $2625 level, broke it, and later made a retest, after which bounced up to $2665 level. Price some time traded near this level and even broke it, but soon turned around and broke it with support line. Then Gold continued to decline inside falling channel, where it firstly declined to support line and then bounced up. After this, price reached $2665 level, but at once made correction and then backed up, after which fell again. Now it rising, so, I think Gold can enter to resistance area and then bounce down to $2625 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
6
HelenP. I Gold can fall to trend line and then rebound upHi folks today I'm prepared for you Gold analytics. A few moments ago price rose to support 2, which coincided with the support zone, and then made a correction movement. After this, price started to rise inside the upward channel, where it soon reached support 2, some time traded in the support zone and broke this level. Next, the price rose to the resistance line of the channel, after which made a movement down to support 2 and then tried to grow back. But Gold failed and declined to the trend line again, which is the support line of the channel also. Then the price little grew near this line and then rebounded up to support 1, which coincided with one more support zone. Soon, XAU broke this level too, and even later exited from the channel. Gold some time traded and a not long time ago dropped to the support zone, where it continues to trades to this day. In my opinion, XAUUSD will fall to the trend line one more time and then rebound up. That's why I set my goal at 2680 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
2
AUDUSD - Follow the Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈AUDUSD has been overall bullish, trading inside the rising channel in green. Moreover, it is approaching a massive demand zone in blue. 🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower green trendline acting as a non-horizontal support. 📚 As per my trading style: As #AUDUSD is around 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
EURUSD → The realization phase isn't over. Emphasis on 1.095 ↓FX:EURUSD breaks the uptrend and prepares to continue falling due to the change of fundamental background, the reasons for which were strong economic data in the US. The price is in the realization phase... The weekly timeframe clearly shows the forming sideways range (consolidation). The market failed to break the resistance of the channel, although a lot of effort was put on it (5 attempts on W1). At the moment the currency pair is testing last week's low, it is also worth noting the fact of weekly candle closing - almost at the low. This is a rather good and promising sign for the continuation of the downward movement. Emphasis on the support at 1.095. Breakdown and consolidation of the price below this area will strengthen the decline to the intermediate bottom... Support levels: 1.095, 1.0892 Resistance levels: 1.100, 1.1011, 1.1047 A pre-breakout consolidation is forming relative to support. Emphasis on the breakdown of the level and further decline to the zones of interest. As an unpredictable scenario we can have in mind a pullback to 1.100 and further decline... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
8