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Parallelchannels

[Bitcoin] Finally, the bottom is renewed.#Crack #Bitcoin #Binance #Daily - In the end, a bearish breakout of triangular convergence and a bearish breakout of the $28.1k important support line appeared. - In the medium to long term, additional drops should be kept in mind because the $28k line support has failed. If the long-term bearish Fibonacci extension level of 0.618 and the support near $25,890, where the lower end of the short-term bearish channel overlaps, succeeds, we can expect a short-term trend rebound. - If a short-term rebound occurs, we can expect an bull trend to the $29,800-$30,148 section, where the upper part of the key volume profile price is $29.8k, the long-term bearish rend Fibonacci expansion 0.5 level, $30,148, and the lower triangle convergence. - When a short-term rebound occurs in the situation where the $26,700 low is updated, if the above-mentioned resistance section of $29,800-$30,148 is broken and the $32,658.99 high is updated, the remaining June will not have a major direction, and we can be predicted a widening pattern or diamond pattern formation. - If the $25,890 support fails and goes down, you can expect support from the three large bids of $22.7k-$23.8k / $17.1k-$19.7k / $10k-$12.1k. - When a bearish trend is in progress, you must respond with the decline in the $10,909-$12,107 range, where the long-term bear trend wave Fibonacci Expansion Level 1 and the mid-term bear trend wave Fibonacci Expansion Level 1 are located.
by Tommy_Trader
2
golden parallel channel gold price are making strong support near 1830s area the lower trend line of the channel has been tested two times now price is testing the trend line third time next target is upper resistance zone near 1900 since trend was first made bottom at 1786 china announce they will ease lockdown second retracement bottom near 1828 was made when china reopened after several month lockdown (may be these investor are anticipating upcoming china gold demand build during lockdown) another key driver is fed September fomc speculator believe fed will start QE in the end of 2022 to delay recession which will start with rate pause in September fomc if that happens than it will be too late to buy in September 20222
SAXO:XAUUSDLong
by Sangam-Agarwal
Associated British Foods. Critical level. ABF, British multinational food processing and retail company, a real powerhouse when it comes to house hold products. Ovaltine, silver spoon, blue dragon, Kingsmill bread, Patak's curry, Twinings, Allinson and of course Primark - leading fast fashion brand with 384 stores across 13 countries. Trading at an historically attractive PE ratio of 17 and during a recession ABF will not be impacted as much as other companies. Taking the weekly TF into account price is sitting below the long term parallel channel however we have bullish divergence on the RSI and MFI. Looks to have formed a bullish wedge. With a double bottom. Currently flirting with the 10 SMA on weekly TF @ 1737. Top of wedge lines up nice with the 200 MA, will be the area to see and flip short.
LSE:ABF
by Chopstick_Charlie
[Ethereum] Is it really the bottom?? Will it fall more?#Crack #Ethereum #ETHUSD #Binance #Daily - Ethereum is testing the support of the section $1,651.51-$1,786.12, which provided strong support from May to July of 2021. - The Fibonacci expansion of the bear trend was supported by the 0.618 level, and VP was made, but the 0.618 level support failed in the bear trend that appeared the previous day. - The possibility of further declines should be kept in mind because of the bear trend that emerged while making a VP at the centerline of the ongoing bear trend. - If the bear trend proceeds, we can see the possibility of a bear trend to $658.95-$752.49, where the 1st level of the Fibonacci extension of the bear trend is located at the bottom of the bear trend. - If the support of the strong lows fails at $1,651.51-$1,786.12, it is highly likely to turn into strong resistance, so it is better to avoid buying in the long term. - If the $1,651.1-$1,786.12 support is successful, we can expect a bull trend to break out the $2,160.98-$2,301.88 resistance, which is located at the bottom of the bullish channel. - If a settlement is confirmed after breaking out the $2,160.98-$2,301.88 resistance, it seems that a long-term buy response can be attempted. - As the current rsi candle indicator continues to show low signals, a trend reversal can be expected. As mentioned above, in the case of a failure of the $1,651.51-$1,786.12 support, a long-term bear trend can continue.
BINANCE:ETHUSD
by Tommy_Trader
1