Parallelchannels
ATOM inside descending channels#ATOM/USDT
$ATOM is inside a huge descending channel.
🐻 now price is rejected from the middle line of a channel which is the same with the long-term resistance zone, so it is possible that continue its downtrend to break down from support of $10 and touch the lower line of channel, than start a new rally.
🐮 but it price going to hold the support of $10, it will be an easy break out from resistance around $17 to touch the upper line of channel which is the middle line of bigger channel.
in the long-term price can touch the upper line of the bigger channel.
previous weekly analysis of COSMOS
ZYDUS LIFESCIENCES Parallel Channel Pattern Breakout*ZYDUS LIFESCIENCES*
Time Frame : Daily
Observation:
* Parallel Channel Pattern Breakout on Daily time frame
* 380 Swing High Break
* Mean (EMA) Diversion on Hourly time frame.
Resistance/Target: 401 420 452 486
Support: 350 329; Dynamic Support for EMA 200 on Hourly Time Frame.
EURUSD following Desc. channel, what next??..EURUSD
price is following a downtrend channel and price bounced from the lower trendline of the channel, after a correction if price shows bullish sign, i expect the price to move higher towards resistance..
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
📢EURUSD analysis in Daily time frame🤨💰🔰You can see the analysis of the euro to the US dollar in the daily time frame (EURUSD_ 1D) 🔍🧨
💥As it is clear from the picture, the price is moving in a Bearish parallel channel🖤🧐 Due to the presence of the price in the dynamic support area (the lower line of the Bearish parallel channel🖤), there is a possibility that the price will rise to the specified area🚀🔺
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
__________📈TRADER STREET📉___________
⭕️SELL USDJPY ; Its time to sell❗️🔰You can see the analysis of US dollar to Japanese yen in one hour time frame (USDJPY_ 1H)🔍💣
💥As it is clear from the picture, the price is moving in a Bullish parallel channel💜❗ Due to the presence of the price in the SUPPLY zone and the Resistance area (the upper line of the Bullish parallel channel💜), we can expect the price to fall🔻 to the overlapping area of the Up trend line🖤 and Support🧡🧐
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
__________📈TRADER STREET📉___________
MFTUSDTMFT is trading inside the parallel channel & its getting resistance from the upper trendline of the channel & also from the fib 1.68 level which is around 0.009924-0.009929.
once it will break the upper trendline of the channel & confirm support above(0.009178) it in daily timeframe then the next resistance and target point is 0.009929.
Immidiate resistance - 0.009178
nearest support - 0.007339
major support - 0.006822
📉✌ETH 4H Short Position✌📈BINANCE:ETHUSDT
COINBASE:ETHUSD
Hi traders, first look at my previous analysis and positions.
between now and the yellow area, You can open a short position in two or three steps.
If the price falls and reaches the TP1 level, you can risk-free the position.
TP1-2-3 are on the chart.
The optimum stop-loss is above the determined area.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
AUDUSD: Fake Move Monday? 🚨Let's start our analysis with AUDUSD:
By studying my chart, you will notice that price has not yet reached an area of strong supply or demand, it is simply trading around an imaginary trendline.
Sentiment shows us that 66% of traders are long and the day has started bullish. Could this be an early invitation for buyers to start the week? When traders open their screens and see this bullish momentum, they may feel FOMO that they will miss the longs.
For this reason, I am set mostly on bearish momentum and will be locating the ideal area to sell from later in the day.
CHZ below weekly channel#CHZ/USDT
$CHZ is below the middle line of a huge descending channel.
also, price is still above support zone which is shaped by 2 previous lows.
🐮if price holds this support and succeeds to break out from middle line of channel we can be hopeful that price continue the strong rally toward upper lone of channel.
🐻 and if price break down from support zone, next suopprt is between $0.13 and $0.11.
USD/JPY facing daunting resistance ahead of 150Might be an idea to tighten up stops. We are approaching the top of two channels and the old 1998 high all around 144.85/148.60
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EOS cup and handle can rise price to $3#EOS/USDT
$EOS shaped a cup and handle pattern.
now price is below upper line of descending channel that can be considered as handle, and it is the same with neckline.
🐮 break out from neckline or upper line of channel can increase price as high as cup which is around $3.
🐻 break down from 0.5 fib level will invalidate this scenario.
BTC descending channel, inevitable 10k#BTC/USD
$BTC inside a bearish channel.
price is inside support zone.
🐮🐻 holding this zone as support can increase price to resistance around $25k which is the same with middle zone of descending channel.
- and make another bearish flag for more drop to$14k and $10k.
🐻 breaking down from this support zone, will dump it sooner toward $14k.
so I think touching $10k is inevitable and will happen sooner or later.
BTC bearish flag on board #BTC/USDT
$BTC broke down from 4h and daily ascending channels.
and drop almost as high as the bearish flag pattern.
🐻 as the broke of daily channel has confirmed so daily channel as a bearish flag can drop price toward $10k and $8k.
but maybe till the end of this week there will be another sideways move between lower lines of daily and weekly channels.
🐻🐻 close a weekly candle below weekly channel will confirm full control of bears on the market and huge downtrend toward $10k and $8k.
Axie Infinity trade plansafter a huge upside AXS peaked a new high of 15$ and has now formed a solid looking parallel channel and if this breaks to the upper side then AXS might peak 16-18$. But i then i would be glad to go short as well if it breaks to the downside, just expecting a reaaly sharp move towards either side.
Happy Trading !!!
XRP bearish flag#XRP/USDT
$XRP is trading inside ascending channel and price is above lower zone of this channel.
🐮 breaking out from resistance zone of $0.34 will increase price to upper resistance zone which is the same with middle zone of the channel.
🐻 break down from lower zone of channel will active bearish flag pattern and possible to drop price to support zone around $0.3 and $0.26.
SANDUSDT...buy and hold on this price..hello guys
sand in long-term formed in ascending parallel channel that once break down and move as wide as last channel.
in mid-term formed on descending parallel channel that move between top trend and middle line of channel.
in yellow triangle both of that approach match with each other and make that area very potential for long position.
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
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BE PROFITABLE