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Parallelchannels

⭕Best BUY & SELL areas AUDUSD in One hour time frame🔥💣🔰You can see analysis of Australian dollars in US dollars in one hour time🔍 ✴️As is evident from the image, the price is moving in a parallel descending channel (purple💜). The areas of supply and demand are marked in the picture. Due to the presence of the price in the demand area, if the price can break the downtrend line (black🖤 line) upwards, you can buy in Pullback and the price can climb to the demand area ❗❗ If the price falls to the bottom of the current demand area, it can fall to the nearest demand area🧐 In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
by TRADER_STREET
[08/23] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis Bitcoin continues to flow in a similar way, so today I'm going to give a briefing on the Ethereum chart. First, you can find parallel channels formed up and down at the high point, where the resistance is valid without breaking the resistance line, and the lower line was originally a support line, but a strong drop broke the support line. After that, it's changed to resistance. Therefore, the line at the bottom is likely to be the first trend resistance line, and the line at the top is likely to be the second trend resistance line. If you look at the Elliott wave, you can see that it's coming out in a much cleaner wave than Bitcoin. First, it is clear that it has come down as a downward impulse like Bitcoin. However, it seems that the standard shape of impulse waves is coming out, such as a picture with three waves expanded more neatly than Bitcoin, the return of four waves reaching 0.236, and converging without breaking the low point at four waves. First of all, I think it's a convergence section of four waves, and after convergence, I think I'll renew the low point once again.
Short
by BeastTrading_Sehyun
⭕Best BUY & SELL areas EURUSD 💣🔰You can see the analysis of euros in US dollars in a two-hour time frame (EURUSD _ 2H)🔍🧐 ✴️As is evident from the image, the price is moving in a descending parallel channel (black🖤 channel). After breaking the bullish parallel channel (purple💜 color) in the main bearish parallel channel (black🖤 color) the price has fallen to the DEMAND💛 range. The price can rise up to its SUPPLY💛 range as specified in the picture❗❗ However, if it breaks the DEMAND💛 range downwards, it can descend to the bottom line of the downtrend channel and the 1.618 Fibonacci retracement range (orange🧡) drawn from the A_B point❗🧐 In your opinion, the price will move according to which scenario, GREEN💚 or RED❤️ ❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
by TRADER_STREET
NEARing the bottomRecently, I made an analysis on NEAR where it was trading within an ascending channel. It traded inside it for a short amount of time but eventually broke out of that channel and has been trading within the descending channel shown above. I expect that NEAR will continue to trade inside this channel for the short-term but is approaching a short-term support zone at ~5.17. If it holds, NEAR can push toward the upper bound of the descending channel. If the support does not hold, NEAR can continue trading downward in the channel until its next major support zone at ~4.57. As always, this is not financial advice and all information is for educational purposes only. Please feel free to leave any thoughts and comments below.
by kush23456
DOGE below upper line of ascending channel#DOGE/USDT $DOGE shaped an ascending parallel channel and touched the upper line of this channel. 🐻 price can make a pullback to the middle line that is the same with broken resistance zone to confirm it as support. 🐮 then continue its uptrend toward the resistance zone above $0.1 to complete the inverted head and shoulders of my last analysis. 🐻🐻 breaking down from middle line will drop price to the lower line of the channel that is the same with support zone of around $0.073
by parissap
22
GBPUSD - downtrend to continue if breaks below support area...GBPUSD price is following a downtrend channel and price is showing rejection from the upper trendline of the channel, currently price is between support and resistance zone, if price breaks below the support area then after a pullback if price shows rejection, I expect the price to move lower.. And for price to move higher, its needs to break above the channel... 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.
Short
by Stargazer_fx
6
We're NEAR the edgeNEAR has been trading in this ascending channel since the beginning of August, pretty much like every other altcoin. However, NEAR sometimes detaches from BTC's usual movements so it is one that can make us profit and hold its support when others don't. From a TA perspective this ascending channel has held many times before and held once more today. As long as BTC keeps some stability and continues to stay within its short-term ascending channel without large moves downwards, NEAR can move toward the top of this channel for a ~15-17% profit. Of course, it is very important to remember in every altcoin analysis, that BTC is still in an overall downward channel on the weekly timeframe. A move downward can cause major volatility in the alts. As usual, this is not financial advice and all ideas are for education purposes only. Always happy to hear more and learn about different perspectives so please feel free to leave any comments and thoughts below!
Long
by kush23456
a small upward movement for eth and then a big drophello guys today i wanna analyze eth. Let's look at this chart together and I'll explain what's going on! As you can see in the eth chart, it is in a descending channel. which once broke its bottom line and almost touched the next level (I mean $800) 2 last drops started by stop hunt that i show this on chart so it is possible this drop ;that i think it will be last drop for this wave; will start by another stop hunt so be ready for that, on the other hand, price stand on compression and first supply on it (range: $2030-$2180) and we'll see a good reaction on this zone but in my opinion it will be just a reaction and maybe a r:r=1:2 position, although i think eth will has a great drop on FL that is fresh and a strong potential area because of FL and top of descending channel so i recommend you be waiting until price touch that FL and be ready for a confirmation on 15min timeframe for a great short position. thank you for your attention! If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
Short
by melikatrader94
6
[08/10] Beast Trading _ Today's Bitcoin Perspective Beast Trading _ Today's Bitcoin Perspective Bitcoin has been showing a strong trend since August 8. That's why I don't think it's good to trade with the mindset that "Bitcoin has risen this much, so I'm going to take a short position" and "Bitcoin has fallen this much, so I'm going to take a long position." First of all, after the strong rise in B-c accompanied by the volume of transactions I've suggested two days ago, we're going exactly according to Elliott's view that there's a stronger C-wave decline with the volume of transactions, and it's now in a very important section. This is the bottom line of Bitcoin's one-hour parallel channel, which I emphasized before, and it is a very supportive position at the level of one salary. And as it has a strong meaning, it has shown a weak rebound by supporting it at the bottom line despite its strong decline. I think there will be a little change in the big view depending on whether there will be a further rebound or a break from this position First, there is a high chance that the rebound will not come out properly here, and if you break the bottom line, you will go according to the previously raised point of view. There's a lot of possibility of a further plunge. Second, if there is a rebound here, it is likely that the B wave, which is newly raised today, will converge for a long time. It's a perspective that keeps moving up and down in the form of a triangulation and rising at the end of the convergence. Considering the current four-hour stoic, it is located at the bottom line, so even a slight rebound is expected to give a little boost to the rise. + The purple trend line at the top is the bearish trend line from 32k.
by BeastTrading_Sehyun
3