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Parallel Channel

BITCOIN (BTCUSD): Will We Test ATH Soon? Following a strong upward trend in Bitcoin this week, the price reached the resistance line of a rising parallel channel and began to retrace. I see a classic support cluster forming within a horizontal range and the support line of the channel on a 4-hour timeframe. Currently, the market is testing this zone. I predict that there will be a bullish rebound leading to further upward movement, possibly reaching 106,000 and potentially even testing the all-time high. Conversely, if the price managed to break and close below the confluence zone, that would be a strong bearish signal.
BINANCE:BTCUSDLong
by linofx1
4
QQQ/SPY - Which way will it break?For the last 4 years (2020-2024), we have been in a narrow band where--generally speaking--SPY and QQQ have performed comparably. 2022 is the notable exception, where inflation increased rapidly and QQQ underperformed SPY. For the prior 12 years before that (2008-2020), QQQ outperformed SPY handedly. Inflation was low. Interest rates were held at ~0%. When you overlap the last 16 year channel with the last 4 years horizontal band it becomes clear that one (or both!) of these trends will break down. Option 1: Inflation is under control, and the last 16 year channel is sustained. 4-year trend breaks. Option 2: Inflation remains in limbo, and we stay in the new 2-year horizontal channel; 16-year trend breaks. Option 3: Inflation is rampant, and QQQ underperforms SPY. Both trends broken. What's it going to be?
NASDAQ:QQQ
by HandsomeSloth
Nasdaq-100 Wave Analysis 17 January 2025 - Nasdaq-100 broke daily down channel - Likely to rise to resistance level 21850.00 Nasdaq-100 index rising inside the intermediate impulse wave (5), which started earlier from the support zone located between the key support level 20820.00 (former low of wave A from December) and the support trendline of the daily down channel from December (which encloses earlier ABC wave (4)). The index just broke the aforementioned down channel which should accelerate the active impulse wave (5). Given the strong daily uptrend, Nasdaq-100 index can be expected to rise to the next resistance level 21850.00, top of the previous B-wave.
NASDAQ:NDXLong
by FxProGlobal
AUDCAD Wave Analysis 17 January 2025 - AUDCAD reversed from support zone - Likely to rise to resistance level 0.9000 AUDCAD currency pair continues to rise inside the minor impulse wave 1, which started earlier from the support zone located between the key support level 0.8860 (former multi month low from April) and the lower daily Bollinger Band. The active impulse wave 1 belongs to the higher order impulse waves (1) and 1, which started from the same support area. AUDCAD currency pair can be expected to rise to the next resistance level 0.9000, former strong support from December coinciding with the daily down channel from September.
Long
by FxProGlobal
Nasdaq - This Can Still Be A Fakeout!Nasdaq ( TVC:NDQ ) is starting to slow down: Click chart above to see the detailed analysis👆🏻 A couple of months ago, the Nasdaq perfectly broke above the channel resistance trendline again, attempting the creation of another parabolic rally. However bulls are not flexing their muscles properly so this breakout attempt could still turn into a devastating fakeout. Levels to watch: $20.000, $17.000, $30.000 Keep your long term vision, Philip (BasicTrading)
TVC:NDQShort
by basictradingtv
37
AUDCAD after long time, can we see bullishness OANDA:AUDCAD long period of bearishness, personally having long position from Jul. last year i am have already shared one idea on AUDCAD which is still actual and will attach her. What here now we have is long DESCENDING CHANNEL, currently its breaked and we have some bounces on sup zones. Technically picture is strong bullish. Here after long time of bearishness, having strong bullish expectations to start. TO KNOW: We are have and upper DESCENDING CHANNEL(white lines), which is be breaked and price is start falling, currently if we see now bullish push, price is expected to come in "UPPER CHANNEL" if that happens, will share and new idea and will be same with bullish expectations. SUP zone: 0.88900 RES zone: 0.90400, 0.90700, 0.91000
Long
by DepaTrading
HBAR/USDT: A Potential Super Long-Term Impulse Wave Take a look at this super long-term potential impulse wave for HBAR. This chart captures a massive Elliott Wave structure that could define the next big move in the crypto market. We’re seeing the foundation of Wave 3, with the potential for a trend-defining breakout as HBAR progresses through its impulsive phases. The critical zone? A breach of the upper trend line would validate this structure and could signal higher highs on the horizon. This isn’t just a week-to-week setup—it’s a multi-year roadmap. If the Hurst cycles align, we’re looking at one of the most promising long-term plays. What’s your take? Do we see confirmation, or does this remain a dream scenario? Share your thoughts and follow for more long-term crypto insights! 🚀
Long
by cryptechcapital
XAUUSD ON A BULLISH TREND PARALLELFX:XAUUSD Good Afternoon trader, my idea for DOGEUSDT. 2H on 17/01/2025. I think this pair is strong bullish, but i have 2 opinion about this pair ; 1. XAUUSD will bounce up and break the parallel trend to chase the price at 2,743.75 and create support at the price of 2,702 2. XAUUSD will continue to fall after passing Fibonacci 0.618 at the price of 2,699.07 and looking for new support in the 2,691-2,699 price area before continuing the bullish trend. Lets discuss about this, comment on below
FOREXCOM:XAUUSDLong
by mchansha
Gold will little correct and then to continue grow in channelHello traders, I want share with you my opinion about Gold. The chart shows how the price entered to seller zone, where it reached the mirror line and then dropped to the buyer zone, breaking the 2710 level. After this, the price bounced up from the buyer zone but soon corrected back. Then Gold made a strong upward impulse to the seller zone, breaking the mirror line again. In the seller zone, the price started to decline inside the downward pennant, where it broke the 2710 level one more time and fell to the support line of this pattern, breaking the support level too. Gold some time traded below the support level and later it exited from the pennant pattern, reached this level, and broke it, after which continued to grow. When the price reached 2662 points, the price corrected the buyer zone and then started to grow inside the upward channel. In the channel, Gold rose to the resistance line and then corrected to the support line, after which continued to move up to the resistance level. Recently price reached this level and even try to break it, but failed. For this moment, I think that Gold can correct to support line of the channel and then rise to the resistance level back. After this, XAU can break this level and continue to move up inside the channel. For this case, I set my TP at 2740 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
GOLD - Price can break support level and fall to $2660 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price entered to wedge, where it at once made an upward impulse to resistance line, breaking $2695 level. Next, price in a short time declined to support line, breaking $2695 level again and then exiting from a wedge. After this, price fell below $2625 level and started to grow in a rising channel, where it traded between $2625 level. Later, Gold broke this level and rose a little, after which made correction and then continued to grow. Price reached $2695 level, but at once made a small correction, after which backed up and broke this level. At the moment, I think that Gold can start to decline from resistance line of a channel to $2660, breaking 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
NZDUSD → The bearish trend may get its continuationFX:NZDUSD failed to realize the chance when the dollar went into correction. Buyers do not believe in the realization of the bullish scenario at the moment. The price continues to succumb to pressure On the weekly timeframe the price approached the strong support level 0.5545 - 0.55. Accordingly, a reaction in the form of a small correction is possible. Small, because the dollar continues its bull run, and Trump's policy allows to keep this scenario in the medium term. On H4, the price continues to test the support at 0.5588 and a local descending triangle is forming amid pressure from the bears. Possible retest of the channel resistance before further decline. Resistance levels: 0.563, 0.567 Support levels: 0.5588, 0.5511 Technically, a breakdown and consolidation of the price below 0.5588 will provoke further sales against the background of the current local and global downtrend. Regards R. Linda!
Short
by RLinda
3
GOLD → Realization of consolidation and retest of resistanceFX:XAUUSD is testing a rather important resistance, a break and consolidation above which will open the way to 2721 - 2726. Technically, gold has entered the buying zone, and the fundamental background supports it Gold was supported by weak US inflation data, dollar correction and adjusted expectations of Fed rate cuts, as well as hopes for stimulus in China. Traders' attention shifts to December retail sales and jobless claims in the US. These data will help clarify the Fed's monetary policy outlook. Weakened dollar and lower bond yields support the current growth of gold. Technically, all eyes are currently on the uptrend and resistance at 2697.8 Resistance levels: 2697.8, 2700 Support levels: 2690, 2678 If gold can consolidate above 2697-2700 and the bulls hold the defense above this zone, we should expect growth in the short and medium term. But do not forget about the news that will be published later. Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
Euro can start to move up to resistance level and break itHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some days ago entered to downward channel, where it at once rebounded from the support line to the resistance line and then started to decline. Long time, the price fell near the resistance line of the channel, until it reached 1.0455 points, after which it moved up to the resistance line and then dropped to the support line, breaking the 1.0410 resistance level. Then Euro exited from a downward channel and rose to the 1.0410 level, which coincided with the seller zone and some time traded between. Later it made a downward impulse to the current resistance level, which coincided with the resistance area and even fell a little lower than the 1.0250 level, after which started to trades inside a triangle. In this pattern, the Euro in a short time rose to the resistance line, which is located in the seller zone, and then fell to the support line back, breaking the 1.0250 level one more time. Also recently price exited from a triangle pattern and now it continues to decline. So, in my opinion, the Euro, after exiting from the triangle can decline a little more and then start to grow to the 1.0250 resistance level (1st TP). Then, the price will break this level and make a retest, after which continue to move up to 2nd TP - 1.0360 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
22
JUPITER - To the 'moon' (soon!)This is a really interesting alt. It shot up significantly, and then is seeing what looks like a classic Elliot Wave triangle for a potential wave 4 of 5 of 1. If it is, then we should see the lower trendline breached any time soon, but only to come back within the channel and then upwards to wave 5. If the piercing occurs and we come back within the channel, it's looking really strong. But, only take your buy orders once the upper trendline has been decisively breached. Never within the channel unless you are going to 'trade the bumpers', but that's a low confidence trade in my opinion. Goog luck and follow and share for more.
Long
by cryptechcapital
XLMUSDT → High readiness for a bull run to 0.6100BINANCE:XLMUSDT is ready to move into the realization phase after coming out of a strong accumulation. The market is struggling for a strong buying zone. The coin, technically, is ending its correction. The price is gradually updating highs and breaking intermediate resistance levels, but the key factor is the exit from the medium-term consolidation and breaking the resistance of the descending channel formed on H4. If the bulls hold the defense above the key support zone 0.46 - 0.452, we can expect growth in the medium term. In addition, the rising bitcoin and the approaching Trump inauguration can be good drivers for the cryptovalt market. Resistance levels: 0.486 Support levels: 0.4605, 0.4522 Thus, the focus is on the consolidation of 0.486, 0.46. A break of resistance will activate the rally. False break of support and consolidation above the level will also be a good signal that the bulls are quite aggressive. Regards R. Linda!
Long
by RLinda
3