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Parallelchannels

$EURUSD - Channel breakoutHi guys! 👋🏻 🔔 The FED's rate hikes announcements are not the only factors which weaken the DXY 🔔 GB retails sales and German PPI beat the forecasts today and gave these two pairs a smooth boost. 🔔 US had a negative home sales and jobless claims data announced yesterday. Petrol prices hit records, yet FOMC Chairman noted that to beat the inflation the FED will continue rising rates and ready to sacrifice the US economy. 🔔 The technical analysis already pointed the strength of Euro when it stopped it's decline at 1.0367, and now EURUSD seems to continue it's local uptrend move but needs to close above the channels upper border. When the breakout is confirmed, the uptrend could continue up to 1.073 - 1.076 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
[Bitcoin] Convergence bearish breakout! Bearish or extention?#Crack #Bitcoin #Binance #Daily - Without breaking the resistance of $30,444.93 mentioned in the previous briefing, it looks like Bitcoin ended with a bearish convergence due to the emergence of a sell-off. - We need to prepare for a bearish trend, but we also need to keep in mind the possibility of an extended convergence. - A successful $28,715.32 support suggests the possibility of a rebound and extension of convergence, while the $30,444.93 and $31k-$31.6k resistances remain important resistances to break out. - If the $31k-$31.6k resistance is broken, we can expect an bull trend towards the green box with the bottom of the blue bull channel. - If the $28,715.32 support fails, further bearish trend can be expected due to the downward departure of the triangular convergence, and a decline to $22.7k-$23.8k or $17.1k-$19.7k can be expected.
by Tommy_Trader
1
ETHEREUM-A reversal pattern is possible Hello everyone From my last analysis on ETHUSD we had the crash of LUNA and the news from federal reserve.These two incidents made the market fall to this level. For Ethereum,this trading range on 4 hours chart lasted too long, so I believe it's safe to call it a last bear flag and waiting for a reversal,preferably a double bottom.At the current market the support levels are 1950$ and the channels bottom line on 1900$ and EMA 20 if you use one , for resistance we have 2150$. By the way, if you are trading this asset on smaller time frames you may see a bull flag on 1H or lower.
by HubAlgo
[Bitcoin] Failed to break out $31k resistance.Will $28K support?#Crack #Bitcoin #Binance #Daily - Buy signals for inflection are shown in the rsi_candle and racd indicators, but Bitcoin failed to break out the $31k-$31.6k resistance and is showing signs of hang back once again. - In the rsi_candle indicator, the oversold signal rebounded with the appearance of a golden cross in the racd indicator, but the rebound failed, so I think we need to prepare for a further bearish trend. - It is still difficult to have expectations for an bull trend. Even in the appearance of past auxiliary indicators, a trend reversal after a press/up appearance after a signal often appears. Therefore, I believe it is not too late to respond after showing a proper rebound. - If a low with the bottom long tail of the candle appears in the near future, this may signal the start of a rebound. However, even if a rebound occurs, if the retest resistance at the bottom of the blue target channel located near 35k is not broken, it may show a confirmation of the $28k support again. - The section to expect support and resistance during a bearish rend or bull trend is the same as the section described in the previous briefings.
by Tommy_Trader
2
ACMUSDT | Falling Parallel Channel - Bullish DivergencePrice action and chart pattern trading > Falling parallel channel correction - Entry @ Pullback > Target upper parallel channel resistance / SMA50 > 2nd target at key volume profile resistance level > Stoploss at the lowest LLS bullish candlestick > RRR: 3:1 Indicator: > Smart money strong volume support > Banker chip multiple entries > Fundflow RSI bullish divergence signal coming out of the oversold zone > KDJ stochastic bullish divergence > BBD signal bullish approaching baseline indicating stong uptrend swing Always trade with affordable risk and respect your stoploss
Long
by dukeposh
ADA above last support zone#ADA/USDT $ADA weekly chart shows price is above middle line of descending channel that is the same with long term support zone. this support zone is between 1.272 and 1.414 fib level of last weekly swing high. 🐻 if price break down from 1.414 fib level it will continue its downtrend to lower line of channel that is the same with 1.618 fib level which is below $0😁!! 🐮 so price should hold this support and maybe in short term or mid term it has sideways moves to help bulls gather strength, and start a new rally in long term.
by parissap
[Bitcoin] Attempt to reboud at $29.8K, how far can it go?#Crack #Bitcoin #Binance #Daily - Bitcoin is trying to rebound after falling to the $28.1k-$29.8k section, which was importantly mentioned after the last briefing. - The green trend line connecting the low on January 4 and the low on June 22 also shows a rebound in the overlapping section and a signal of the possibility of a continued trend reversal in the RACD candle indicator, so if the 31k-31.6k resistance is broken, $35,071 and blue bullish channel lower resistance retest draws an bull trend. - A break of $35k is important if a strong rebound occurs. Even after the breakout, the $35k support retest should be successful until the $37.8k-$39.4k resistance breakout, where the lower resistance of the bearish flag pattern is located. - If the $28.1k-$29.8k support fails after the failure to break out the $31k-$31.6k resistance, as mentioned in the previous briefing, a decline to the $10k-$12k should also considered in the future scenario.
by Tommy_Trader
2
[Bitcoin] Fail to support the bull trend channel..#Crack #Bitcoin #Binance #Daily - This is the appearance of Bitcoin's bearish breakout at the bottom of the blue large bull channel. - It seemed to rebound while keeping the $35,071 closing support level, but it showed a bearish trend again the day before and eventually fell. - In the event of a rebound, it is important to settle upwards of $35,071, and keep in mind that even after an upward stabilization, the bearish trend continues until it breaks above the $37,578 upwards. - If an additional decline occurs, a decline to $31k-$31.6k can be expected, and if the support in the above section fails, it is likely to decline even to $28.1k-$29.8k, which provided strong support. - If the $28.1k-$29.8k support fails, there is a possibility that a bearish departure of the bear flag pattern has appeared from the appearance since November, and there is a possibility that a gloomy period of falling to the simple target price of the pattern of $10k-$12.1k may appear.
by Tommy_Trader
1
!!! $BTC LOSING THE SUPPORT TRENDLINE! - CME GAP NEXT? !!!price action has been shit lately bitcoin is losing the lower channel of the parallel channel it had been forming since the start of 2021 on the weekly timeframe, which has been a big support in the past weeks if the breakout is confirmed and we close this 1W candle (only 8 hours to go) below that, I think we might see a bear market for the next few weeks rsi is about 32 on the 1D timeframe and 38 on the 1W timeframe, which shows us we have a lot of room for a huge fall to the downside I think the price is going to fill the CME gap @ 26K which I highlighted on the chart, it would be a huge drop, but I think that's what's going to happen since CME gap are almost always filled and this one has been waiting to get filled since December 2020 let me know what you think about this! and drop a like and follow if you enjoyed this idea or you found it helpful!
Long
by opop777