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Parallel Channel

Gold can exit from wedge and then continue grow to 3100 pointsHello traders, I want share with you my opinion about Gold. This chart shows how the price moved upward within a rising channel, reaching the 2665 level, which aligned with the buyer zone, and breaking through it. After that, the price retested this level and continued to rise within the channel. It then touched the support line, rebounded to the current support level, and broke through that as well. Following this, Gold made another retest and climbed to the resistance line of the channel before starting to decline. In a short time, the price dropped to the channel’s support line, then broke out of the pattern and continued falling within an ascending wedge. Eventually, it reached the 2835 support level, which coincided with the wedge’s support line and a broader support area, before beginning to recover. For some time, Gold traded near the wedge’s support line, and recently, it rebounded and reached the resistance line. Given this structure, I believe Gold may first make a corrective move before breaking out of the wedge by surpassing the resistance line. If that happens, I expect further growth, which is why my TP is set at 3100. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
11
BITCOIN - Price can reach resistance line of wedge and then dropHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price started to decline inside falling channel, where it aat once boucned from support line and rose to resistance line. Then it continued to fall and reached $91300 level, broke it soon, and continued to decline next. Price exited from channel and started to trades inside wedge, where it at once made upward impulse to $91300 level. After this, price some time traded near $91300 level and then in a short time declined to support area. But soon, BTC bounced from this area and recently it started to grow from $80000 support level. In my mind, Bitcoin can rise to resistance line and then drop to $77850 support line of wedge pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
7
MDT ANALYSIS📊 #MDT Analysis ✅There is a formation of Descending Channel Pattern in daily chart. Currently #MDT is in bearish way. After a breakout of the pattern and major resistance level we would see a bullish momentum otherwise the price will drop more 🧐 👀Current Price:  $0.02980 ⚡️What to do ? 👀Keep an eye on #MDT price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #MDT  #Cryptocurrency #Breakout #TechnicalAnalysis  #DYOR
by ZEUS_Market_Alerts
DEGOUSDT → An attempt to change the trend will end in a fallBINANCE:DEGOUSDT.P tried to break the trend, but faced strong resistance and a weak cryptocurrency market. The fall may continue... After breaking through the resistance of the descending channel, a bullish momentum (distribution) of 45% is formed, but the price bumps into a strong resistance of 2.11 - 2.18, which forms a trading range. Bears are not ready to give this zone to buyers and put pressure, a false breakout of resistance is formed after a long struggle for this zone and liquidation is formed when the base of 2.0 is broken. Buyers are in the panic zone. If the price fixes below 2.11 - 2.18, the fall in the short or medium term may continue. Resistance levels: 2.00, 2.18, 2.274 Support levels: 1.75, 1.584, 1.359 The market is generally weak and altcoins are reacting aggressively to local bitcoin movements (the point of which is to gather liquidity before a further fall). BTC has not yet reached a key target, which together with the lack of a bullish driver in the market creates pressure for altcoins. Regards R. Linda!
Short
by RLinda
1
Bitcoin - 60% crash to 32K | ETH is dying | Trump scam?Technically, Bitcoin is entering a huge bear market! This is what my charts and fundamentals tell me at the moment. Trump returned to the White House on January 20, 2025. This day, Bitcoin hit a new all-time high (109,588 USD), and since then, Bitcoin has been going only down! In 2019, Trump said he is not a fan of crypto. x.com So isn't it weird that Bitcoin has been going down since the beginning of his presidential post? (On January 20). Random or planned? Answer by yourself, but something seems to be fishy here. What about the latest Trump post on TruthSocial about the strategic crypto reserve? The market reacted very positively, but after a few days, the whole market completely crashed and is now finding its new low. Was this another trap? Clearly, everyone who bought into this news is at a loss on his trading account; that's for sure. What is happening to Ethereum? Ethereum is almost at the same price it was in 2018!! 7 years ago, the price of Ethereum was 1440 USD; the current price is around 1700 USD. I predict ETH to go to 750 USD in 2026. Why is this new technology struggling? Investors all over the world and early adopters are very disappointed by the performance of this coin. It also seems like the crypto market completely collapses, and only Bitcoin is surviving. Even though Bitcoin hit only 109k, which was most likely the ultimate top for the next few years, it was also less than everyone expected. I don't really want to talk about other altcoins because they are down 95% to 99%, and this bull market did nothing (sideways price action). In conclusion, this was the weakest bull market in history. From a technical point of view, Bitcoin (and all altcoins) is breaking down on the weekly chart! The bullish market structure is broken, and we entered a new downtrend. Where to buy BTC, ETH, SOL, XRP, and other coins? You can write me a comment below, and I will tell you. I start with BTC—buy Bitcoin at the 0.618 FIB retracement. This FIBO is at 32 688 USDT, so we need to wait 1 year for the price to come to this level. Be patient. So what to buy? Maybe focus on very low-cap coins; they do not follow the general trend (bull or bear). I have a tip for many coins, such as ATC (AutoTCrypto). Contract EQBMxFekc39SONbY8Mes8IwnZZlsPzeZhwz2c7sqMkkjI0uy. Where to buy? Use a decentralized exchange, such as dextools or ston.fi. Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
176
Amd - Please Look At The Structure!Amd ( NASDAQ:AMD ) is about to retest massive support: Click chart above to see the detailed analysis👆🏻 For about 5 years Amd has been trading in a decent rising channel formation. That's exactly the reason for why we saw the harsh drop starting in the beginning of 2024. But as we are speaking, Amd is about to retest a massive confluence of support which could lead to a beautiful reversal. Levels to watch: $100 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMDLong
by basictradingtv
12
EURUSD Faces Resistance zone – Will Bears Take Over?The EURUSD ( FX:EURUSD ) has reached the Resistance zone($1.0983-$1.0916) as I expected in my previous post . Can the EURUSD break the Resistance zone($1.0983-$1.0916) ? EURUSD is moving near the Resistance zone($1.0983-$1.0916) , the Resistance line , and Yearly Resistance(1) . According to the Elliott Wave theory , EURUSD seems to have completed 5 impulse waves and we can expect Corrective Waves . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . I expect the EURUSD to decline to at least the Support zone($1.0817-$1.0760) in the coming hours after breaking the lower line of the ascending channel . One of the EURUSD targets could be as wide as the ascending channel . Note: If EURUSD breaks the Resistance zone($1.0983-$1.0916), we can expect more pumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S. Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a 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
5
GOLD - Price can turn around and start to fall to $2835 levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Price started to grow inside rising channel, where it soon reached $2690 level, but then made small correction. After this, Gold broke $2690 level, made retest and then continued to move up inside rising channel. Later price reached $2835 level, which coincided with support area and soon broke it too, thereby exiting from channel. Next, Gold started to trades inside a flat, where it at once rose to the top part and some time traded near it. Then price corrected to support level, after which started to grow and now it trades almost near top part of a flat. In my mind, Gold can reach the top part of flat and then start to decline to $2835 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
8
EURO - Price can rise a little and then fall to support areaHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago, the price started to grow inside a rising channel, where it firstly broke $1.0365 level and then reached resistance line. After this, Euro declined to support line of channel, making a gap, after which, in a short time, it rose to $1.0365 level. Price some time traded near this level and then continued to grow inside a rising channel, but later it corrected. Then Euro made strong upward impulse, thereby exiting from rising channel and soon broke $1.0765 level. Next, price made a retest and continued to move up, so, I think Euro can make a small movement up. Also, then I expect that Euro may start to decline to $1.0730 support area, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
10
GOLD → Testing ATH. High chance of a breakout 2954FX:XAUUSD in the distribution phase of the previously formed consolidation. The price is testing ATH and the market has all chances for a breakout and further update of the high. We are close to 3K Gold price continues to rise, approaching a record high of $2,956, amid fears of a global trade war. Lower US inflation has weakened the dollar and bond yields, boosting demand for gold. Markets now await PPI data, but escalating trade conflict remains key. Technically, gold is testing global range resistance a month after last touching it. I don't like to trade primary breakouts in such a case and the ideal scenario would be to wait for a small consolidation near the level or a correction to 2945 - 2935 before the metal starts to tetse 2954.5 for a breakout Resistance levels: 2954.5 Support levels: 2945, 2935, 2930 As a first move I expect a pullback after resistance test. A retest of 2954.5 (retest) will mean that buyers are ready to break the resistance and go higher. BUT, we have important news today. Gold could break the level without a pullback. A close above 2954.5 will trigger a rally. Regards R. Linda!
FX:XAUUSDLong
by RLinda
18
TAQA Arabia Egypt - To target 13.2 after crossing ResistanceDaily chart, the stock EGX:TAQA is trading in a rising channel, the price reached the support and is supposed to rebound upwards to target the Resistance line R at around 13.25 Consider the new entry Buy above 12.25 (2 days close) for more safety, or buy in parts down to 12.0 Stop loss below 12.00 (for 2 days) should be considered. Note: Closing above the Resistance line R for 2 days, the next target will be 14.3 passing through resistance level at 13.5
EGX:TAQALong
by snour
Adobe Wave Analysis – 13 March 2025 - Adobe broke round support level 400.00 - Likely to fall to support level 360.00 Adobe recently broke with the sharp downward gap the round support level 400.00, which stopped wave 5 of the previous impulse wave (1) at the start of January. The breakout of the support level 400.00 accelerated the active impulse wave 3 of the sharp downward impulse wave (3) from the middle of February. Given the clear daily downtrend, Adobe can be expected to fall to the next support level 360.00 – which is the target price for the completion of the active impulse wave 3.
NASDAQ:ADBEShort
by FxProGlobal
Downturn in traditional markets will suck liquidity from Crypto.For what feels like the longest time I have had my eye on the CME gaps down at approx 11k and 9.5k. I still feel like a retrace to these levels is possible should a significant enough downturn in traditional markets occur. I would look at placing buy orders at these levels (as well as on the way down to there) in anticipation of there being a rapid cascade of liquidated longs. Such a retrace would not be uncommon for Bitcoin, and targeting these levels would be a great way to load up on shockingly cheap coin while weak hands and excess leverage are shaken out of the market. Obviously, altcoins would be affected also. I would not trust any stable coin that has market exposure as part of their stabilizing mechanism. XAU and PAXG are probably the "safest" places to keep un-allocated capital. Thoughts and insights are welcome.
BITSTAMP:BTCUSDShort
by JB308
Geopolitical and Trade Tensions Reignite Pressure on Wall StreetAfter a brief and limited reprieve observed in the previous session, negative pressures have returned to the U.S. stock market, renewing investor caution. During the current session, the Nasdaq 100 is down 0.6%, while the S&P 500 loses 0.4%, demonstrating the underlying fragility of the market despite recent positive signals on the inflation front. Although both consumer and producer inflation moderated in February, generating optimistic expectations about potential relief in the Federal Reserve's rhetoric, investors remain skeptical amid persistent geopolitical and trade uncertainty. The recent U.S. protectionist measures, including 25% tariffs on steel and aluminum, have once again heightened global economic risks, exacerbating tensions particularly with key partners such as Canada, China, and the European Union, who have responded with a more confrontational stance, unlike Mexico, which has been more cautious in addressing these new episodes of trade wars. The market's sensitivity to these risks was evident with the new U.S. threat to impose a 200% tariff on alcoholic beverages from the EU, suggesting that volatility will continue to dominate in the coming sessions. This complex scenario is expected to be carefully evaluated at next week's FOMC meeting, where the Fed is expected to keep rates unchanged. However, recent inflation data could encourage a more dovish tone regarding future rate cuts. Markets are currently pricing in three rate cuts this year, a divergent expectation from the central bank's stance in December, when it signaled only one. The March meeting will be crucial in assessing whether the Fed aligns more closely with market expectations or maintains a more cautious stance. Amid these circumstances, the sectors most exposed to uncertainty, such as discretionary consumption and technology, continue to be the most affected. In contrast, the materials sector is showing relatively strong performance. Looking ahead, focus will remain on how trade and geopolitical tensions evolve, key factors that will determine whether U.S. markets can finally find a turning point to sustainably resume their upward trajectory. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:NAS100
by Pepperstone
Tellor (TRB) a hidden gem, will previous price action repeat?Hello again dear reader for a another analysis. From August to December 2023 TRB has seen a MASSIVE move of 7000% gains over the course of just 126 days. Since then it has corrected a whopping 96%! There is now a reason to be bullish on this coin. Looking at the drawn structure we can see multiple important touch zones described with the letters ''A till F'' (NOT ELLIOT). It is quite possible price action might correct further till 19$ where a big support zone lies, but there is no guarantee that ''will'' happen. Target: 1200$ (M-cap of 3B which is very achievable) Stoploss: 15$ I aim to keep analysis simple and easy to understand. Any questions of requests for analysis feel free to ask! Rustle
Long
by Rustlingjimmies
GOLD → Retest of 2926 before a possible breakout. CPI aheadGold is rising after long-squeeze and consolidating at the top of the 2926 - 2893 range, which is generally a hint that the market is getting ready to break resistance. But it all depends on CPI Traders awaiting US CPI data. The dollar is partially recovering before the news, which is holding back gold, which continues to consolidate in front of 2921, but weak inflation data may push prices up again. New trade measures as part of Trump's tariff war and geopolitical tensions are having an additional impact. The negative part for the markets presents the lack of a clear position of the leaders of the countries and constantly changing opinions: then they specify tariffs, then cancel them. Inadequate swings in the markets. Resistance levels: 2920, 2926 Support levels: 2910, 2905, 2893 Emphasis on 2926, breakdown of this level will trigger a bullish rally. Now the price is trying to get out of the local consolidation to test 2926, from which a small correction is possible before another breakout. The focus on CPI, weak data may support further price growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
13
QUICKUSDT → Pending a false breakout of resistanceBINANCE:QUICKUSDT is forming counter-trend movement to the resistance of the range - 0.02957. A false breakdown of the key level is formed against the background of the downtrend The cryptocurrency market is experiencing bad times. While bitcoin is testing new lows - 76K, altcoins are cutting through to find another bottom. QUICK stands out in this picture, testing a strong resistance (liquidity) zone 0.02845 - 0.02957 and forming a false breakout. BUT! in the morning session bitcoin strengthens after a strong fall and can pull the whole market up with it. Thus, before the further fall another attempt to retest 0.02953 or update the tail of the false breakout at 0.03000 (0.7fibo) is possible. Resistance levels: 0.0285, 0.02953, 0.0300. Support levels: 0.0243, 0.02118 If the next resistance retest ends in a false breakdown and price consolidation under 0.02957, QUICK coin may continue its decline in the short and medium term. Regards R. Linda!
Short
by RLinda
1