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Parallel Channel

BITCOIN - Price can correct and then bounce up from pennantHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price moved inside a rising channel, holding a bullish structure and making higher local lows. Then, BTC exited from the channel and dropped to the $76600 support area, forming a new local bottom range. After this, the price bounced strongly and started to form a pennant pattern with gradual pressure to the top. Recently, it reached the resistance level at $82200 and tested the $83100 zone, but it has not made a breakout yet. Now, BTC trades inside a pennant pattern and holds close to upper resistance without losing upward momentum. In my mind, Bitcoin can break the resistance and reach the $86700 target as the next leg in its bullish direction. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
15
GOLD → Price is consolidating, but to what end? Growth?FX:XAUUSD continues on its way as part of a strong rally. Price is testing strong resistance and there is a good chance of a new high as the trade war escalation intensifies. Against the backdrop of the bull run, there is no need to think about selling! Gold is trading near all-time highs above $3,200 on Friday, posting a weekly gain of about 5.5%. Rising prices are fueled by concerns over U.S. financial stability and the possible resignation of the Fed chief, adding to pressure on the dollar. Expectations of recession and Fed rate cuts are increasing amid escalating trade war with China, after the US imposed tariffs of 145% and Beijing retaliated - China raised tariffs to 125%. Inflation in March came in below expectations, reinforcing forecasts for a rate cut. Focus is on further trade talks and China's response Resistance levels: 3219.5 Support levels: 3197, 3187, 3167 Emphasis on the local range: 3219 - 3187. Breakdown and price consolidation above the resistance will provoke rally continuation. But I do not rule out a correction to accumulate energy before the continuation of growth. In this case gold may test 3197 (0.7f), or support of 3187 range. But we should be aware of the fact of unpredictability: If the US and China sit down for negotiations, the situation may change dramatically. Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
BITCOIN → Testing trend resistance. Will there be a breakout?BINANCE:BTCUSDT is approaching trend resistance and most likely it may test the liquidity zone and risk zone for sellers (liquidity hunt ?), but does the market have the potential to support the upside? Bitcoin is strengthening and channel resistance may not stop this growth. Based on the nature of price movement (smooth, gradual, consolidating), bitcoin may test liquidity 84.7K - 88.8K. But it is too early to talk about further growth On W1, the price is in a trading range (consolidation) between the previously broken global consolidation support and the current support. Short bodies, long shadows speak about consolidation. Also worth noting are the relatively long tails to the downside and the weak market reaction... Fundamentally, the cryptocurrency market (community as a whole) for the past week did not get anything positive as from the very beginning of this year, the growth can be attributed to the 90-day technical break by Trump, but there are a number of nuances: - the fire has not yet been put out - just because they gave a 90-day break doesn't mean everything is fine. It's just a head start for the U.S. to prepare for the situation more thoroughly - The escalating conflict between the U.S. and China has investors looking for less risky assets like gold. Cryptocurrencies are definitely not on that list. - Rumors of a US interest rate cut are likely to provide support as well. Resistance levels: 84700, 88800 Support levels: 78200, 73-74К, 66500 I would not hurry with conclusions about further growth. Growth could be considered if bitcoin overcomes 88800 and consolidates above this zone. But a sharp approach or a false breakout of one of the mentioned liquidity zones may provoke a reversal and fall. Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
22
GOLD - Price can bounce down from resistance line of triangleHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago, the price moved inside a rising channel, steadily growing and forming higher highs on the chart. Then Gold touched the upper boundary, made a reversal, and exited from the channel with a sharp impulse. After that, the price reached $2970 support level and bounced, forming a triangle pattern with a narrowing range. Recently, it made a breakout above $3095 zone but quickly faced resistance at the upper line of triangle. Now, Gold trades inside triangle structure and shows weakness near resistance area without strong breakout. In my opinion, Gold can decline and reach $3015 support line of triangle during the next corrective wave. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
6
USDJPY Wave Analysis – 11 April 2025 - USDJPY broke the support zone - Likely to fall to support level 141.65 USDJPY currency pair recently broke the support zone between the support level 144.60 (which stopped wave 1 at the start of April, as can be seen below) and the support trendline of the daily down channel from January. The breakout of this support zone accelerated the active short-term impulse wave 3 – which belongs to wave (3) from the end of March. Given the strongly bearish US dollar sentiment, USDJPY currency pair can be expected to fall to the next support level 141.65, former strong support from August and September.
Short
by FxProGlobal
Long Bullish Idea — Reddit $RDDT (4H Chart)Alright, here’s the play. Reddit’s been bleeding inside this falling channel for months. But here’s where it gets interesting. → IF price holds this buy zone around $100 - $95... → THEN I’m expecting a breakout towards $135 as first target. That’s about +34%. Strong bounce here, plus a clean break of this descending channel = confirmation for me. Volume is kicking in — I wanna see continuation. → IF price breaks $135 with momentum... → THEN next stop is $165 — the 2nd target. That’s another +20%. This isn’t a scalp. It’s a swing idea. 2-5 months range. Earnings 1st May could be a catalyst — but I want to be in early, not chasing after. → IF price loses $70 support with volume... → THEN idea invalidated. No ego, I’m out. Simple plan. Clear levels. No hope, just execution.
NYSE:RDDTLong
by vladislav_xo
4
Gold Wave Analysis – 10 April 2025- Gold broke key resistance level 3150.00 - Likely to rise to resistance level 3200.00 Gold today broke above the key resistance level 3150.00 (which stopped the previous impulse wave I at the start of April, as can be seen below). The breakout of the resistance level 3150.00 accelerated the active intermediate impulse wave (3) from last November. Given the overriding daily uptrend, Gold can be expected to rise to the next resistance level 3200.00, which is the forecast price for the completion of the active impulse wave (3).
FX_IDC:XAUUSDLong
by FxProGlobal
USDCHF Wave Analysis – 10 April 2025 - USDCHF broke support zone - Likely to fall to support level 0.8200 USDCHF currency pair recently broke the support zone between the key support level 0.8400 (which reversed the price multiple times in August and September) and the support trendline of the daily down channel from February. The breakout of this support zone accelerated the active intermediate impulse wave (3). USDCHF currency pair can be expected to fall to the next support level 0.8200, which is the target price for the completion of the active impulse wave (3).
Short
by FxProGlobal
Total 3 targeting 1.5TWelcome back dearest reader, This is going to be a short one, all information is in the chart above. Total 3 has been in a Massive Cup and handle formation. Measured from the base of the cup till the top of the handle gives us a ''total 3'' price target of 1.5T$ which is 100x from here. If you were to do a different analysis and like flags more then we come to the same price target of 1.5T$ (Blue bars). Price action is now retesting resistance from march 2024 as support. When this is done i expect blast-off mode. ~Rustle
CRYPTOCAP:TOTAL3Long
by Rustlingjimmies
5
GOLD → Global economic risk indicator consolidates ahead of CPIFX:XAUUSD , rather quickly changes the market structure to bullish and continues its aggressive rally. The economic risk indicator is working perfectly. Technically, the focus is on the range 3135 - 3099 Gold is consolidating around $3,100 in anticipation of US inflation data. The escalating trade war between the US and China keeps demand for defensive assets alive despite the pause in price gains. Trump imposed 125% tariffs on Chinese goods and China retaliated with duties of 84% on U.S. imports. Increased tariff tensions are raising recession expectations and encouraging bets on a Fed interest rate cut, which supports gold. However, a rise in March CPI inflation (expected 2.6% y/y) could trigger a downward correction, although the impact could be short-lived - tariff news remains the main driver Technically, the price failed to reach the 3135 liquidity zone and reversed, which attracted the crowd willing to sell (deceptive maneuver). But, after correction the price may return to the target quite quickly Resistance levels: 3135, 3167 Support levels: 3100, 3090, 3077 Emphasis on the range boundaries, possible retest of 3100-3090- 3075 before continuation of growth. On the news or before the opening of the American session there may be a long squeeze before the continuation of growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
DOGE → Will the market hold strength or lose it all?BINANCE:DOGEUSDT is testing the liquidity and resistance zone amid a downtrend as part of a news-induced rally. Will the market hold this trend or return to a sell-off? The downtrend continues. As part of the correction triggered by the news backdrop, bitcoin strengthened and pulled the altcoins with it. But the market may lose all its growth quite quickly, as bearish pressure on the market is still very strong (There are no fundamental positive changes for the market). The fall of BTC may be followed by DOGE as well. Technically, the price is forming a false break of the resistance zone 0.1622 - 0.15700, consolidation of the price below this zone will provoke the continuation of the fall to the nearest zone of interest 0.13646. Resistance levels: 0.157, -0.1622 Support levels: 0.13646, 0.1277, 0.1154 A retest of the trend resistance is possible, but price consolidation below the key zone will be a good signal indicating the seller's strength, the decline may continue. On the weekly timeframe we have a trigger at 0.14217, break of which will open the way to 0.1277 - 0.1025. Regards R. Linda!
Short
by RLinda
12
Euro may continue to move up inside upward channelHello traders, I want share with you my opinion about Euro. We can see how the pair spent a long time inside a wide range, repeatedly testing the buyer zone between 1.0365 - 1.0400 points. After multiple rebounds and false breakouts, Euro finally broke through the resistance and started forming a strong upward channel. The bullish structure was further confirmed when the price respected the support line of the channel and created a new higher low near 1.0885, which now acts as the current support level. This level also coincides with the bottom of the seller zone, which was recently flipped into support. Price reacted with a sharp impulse up, breaking the consolidation range and confirming continued bullish pressure. Now Euro is approaching the middle of the channel and gaining strength again. I expect the pair to make a slight pull-back to the support area, followed by a continuation of the upward trend toward TP1 - 1.1250 points, which aligns with the upper boundary of the channel. As long as EUR remains above 1.0885 points and respects the bullish structure, I’m looking for another leg higher. The chart structure supports the bullish case, and the upward momentum is clearly in play. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
Bitcoin will continue to fall inside downward channelHello traders, I want share with you my opinion about Bitcoin. If we look at the chart, we can see how the price entered to downward channel, where it once declined to the channel's support line, which coincided with the resistance level and seller zone. Next, the price some time traded inside this area and even little declined below, but then it turned around and in a short time rose to the resistance line of the channel and made a fake breakout, after which it made a correction. Bitcoin long time traded inside seller zone and then broke 82000 level and declined to support level, which coincided with buyer zone. Then it made upward movement, after which it turned around and declined back to 75000 level. Recently, BTC bounced and started to grow, but in my mind, Bitcoin can rise a little more and then continue to decline inside a downward channel. Bitcoin will break the support level and fall to the 71800 support line of the channel, where my TP is located. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
8
HelenP. I Gold may drop to trend line, breaking support levelHi folks today I'm prepared for you Gold analytics. A few days ago price rebounded from the trend line and started to grow inside the upward channel. In this channel, the price rose to support 2, which coincided with the support zone and soon broke this area. Then it continued to move up and rose to resistance line of channel, but soon it turned around and made small movement below, after which continued to grow near this line little below. Later, Gold made a correction movement to support 2, which coincided with the trend line and then continued to move up inside the channel. In a short time later it reached support 1, which coincided with one more support zone and also broke this level too. Price some time traded near this level and later made impulse up, exiting from channel pattern and then it at once turned around and made correction movement to support 1. Gold even declined a little below this level, but a not long time ago, it backed up. Now, I expect that XAUUSD will start to decline to the trend line, thereby breaking the support level. That's why I set my goal at 2965 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
7
EURCAD: Bullish Move From Support Confirmed 🇪🇺🇨🇦 EURCAD may continue growing after a strong bullish reaction to a key daily support. The market was accumulating for some time on that within the intraday horizontal range. Its resistance was broken with both 4H/1H candles. Next goal - 1.5592 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
GOLD → Bounce back to accumulate energy before growthFX:XAUUSD confirms interim bottom at 2970 after a false breakdown and as part of the escalating trade war, price is strengthening from support to the important medium-term level of 3054. Further dynamics will depend on the market reaction to the minutes of the March Fed meeting and the introduction of reciprocal tariffs between the US and China. The introduction of 104% duties on Chinese goods increases trade tensions, reduces investor confidence and supports the price of gold against the background of a weakening dollar. Even with the Fed's cautious rhetoric, gold may keep rising due to the escalating trade war. The medium-term situation depends on the Fed (namely hints or actions on rate cuts), the trade war and negotiations on the situation in Eastern Europe Resistance levels: 3054, 3077, 3099 Support levels: 3033, 3013 (0.5f), 2995 Since the opening of the session (the price has passed the daily norm) gold has exhausted the technical potential and the 3054 area may push the price down (false breakout). As part of a technical pullback, gold may test 3033 - 3013 before looking at upside attempts again. Additional scenario: pullback to the fvg zone (0.7 - 0.79 fibo) before further growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
22
SPX....An interestng observation!10/4/25 spx....an interesting observation.. index has been travelling between the blue median which is a very strong support and the red median which is a very strong resistance.............this travel started s0me time in 2009....and is still ongoing! only during 2008/2009 lehman collapse and 2020 covid did the index go below the blue median.... will it slip the blue median again or move north again to retest the red median? only time will tell.. but we have the contours to monitor!
SP:SPX
by Nattyshotstocks