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Parallelchannels

[Bitcoin] Doesn't know which way to go#Crack #Bitcoin #Binance #Daily - Bitcoin showed a strong bull trend the previous day, but it is a figure that has closed down by returning all of the bull trend. - The $41.5k-$41.9k resistance seem very strong. - The position of the previous day's high is at the center line of the orange bull trend, so if the decline continues as it is, the possibility of a bear trend should reopen to confirm the $37k-$37.7k support. - Since the lows have been lowered and the highs have been raised, it is possible to expect a large widening pattern or diamond pattern formation. - Response at this point in which the resistance of $41.5k-$41.9k has not been broken above seems to be high risk. It looks good to respond after confirming support at $37k-$37.7k or breaking above the $41.9k resistance, and I think it is safe to wait and see as much as possible between $41.5k and $39.5k.
by Tommy_Trader
3
BTCUSDT above wedge pattern, more growth after correctionBTCUSDT price is following a ascending channel and channels trendline's are acting as strong support for the price, price broke above the wedge like structure, after a correction/pullback towards the support if price holds above the support I expect the price to move higher... 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.
Long
by Stargazer_fx
2
RUNELooks like RUNE is heading towards 11.1 range, with a few stops along the way. Probably not the best entry point at the time of writing. I'll wait for RUNE to either break the high of April 14th, or it might try to retrace within the grey channel or go lower towards 8.6 or Support, then I'll be able to pick a better entry. Volume and general metrics are in a good place, but I'm avoiding entering in the grey channel. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
by WhoIsWu
1
FIL (Filecoin)FIL attempting a trend change once again, given how every past attempt yielded (apparently YOLD is also a past tense of yield, lol) +20% in either direction, FIL is a great coin to trade. Grey channel you see on the chart is just an S/R, where I expect FIL to launch towards the daily Resistance, and after arc back towards the grey S/R. I'm waiting for a confirmation on lower timeframes, FIL will likely head into the grey S/R, pullback (to something like 21-21.5) and then launch. Pullback being the key confirmation I'm waiting on. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️ BINANCE:FILUSDT BINANCE:FILUSDTPERP BYBIT:FILUSDT FTX:FILPERP OKEX:FILUSDT
by WhoIsWu
What are you up to EOS?If you zoom out on a daily chart, EOS had quite a brutal 12 months, from braving $15 (14.9-ish) to barely worth half a bottle of Fiji water. It looked like EOS was ready to retrace a little yesterday, but I was early on volume, it was 50/50. Today however volume % is in a decent range, and general TA metrics are ripe for a retracement (again). Two things can happen at this S/R grey channel, Bulls will try to pump last minute, or a mild retracement towards 2.44. Volume profile shows the Bears dominating today, making the retracement a more likely outcome (but I'll wait a few hours to make a decision). Burdened with 2 descending channels, EOS is still eyeing 2.8 and 3-2.9 range. Both are Fibonacci levels, so it's not set in stone. Either way, channels are king on this chart. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
by WhoIsWu
2
LUNA (Terra) or Terra (LUNA)?I doubt LUNA showed up on anybody's screener today, it's right in the center by most traditional TA metrics. But I think LUNA is set to become hotter than sliced bread, soon! (don't quote me) Looking at Fibonacci extension, the price is right in the golden pocket. What I'm interested to see is if LUNA will cruise along the daily Support or pursue the Ascending/Descending channels' cross. I think it'll be clear when LUNA starts to move, even a simple % change in day to day volume is a strong flag. But I'll double check, just in case it's a trap. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
by WhoIsWu
Dow Jones Index | End Of The Bearish Scenario? You are looking at the 4H chart of Dow Jones Index ( US30 ). As you see, the price experienced a bearish daily channel for almost a month. But finally, the breakout had done and the retest action happened with the last 4H candle of the last week. Supposedly, we will see a possible bullish scenario in the next week. The price may rise till the next resistance levels around ( 35000 ) and the other higher one around ( 35400 ). The Entry Point will be perfect at this level after the price confirm the bullish in the next 4H candle. Don't Forget: "The Market Is Always Right" So nobody can predict the market, good traders only react to it!
ULong
by gabysaati
1
[Bitcoin] Fortunate rebound before $37K, not 100% Bull yet#Crack #Bitcoin #Binance #Daily - Fortunately, after the last briefing, Bitcoin has risen above the green inward trend line without confirming the $37k support. - If Bitcoin show resistance at $41,132, which is the EQ value of the body of the Bearish Candle on March 21st, or closing the Daily Candle at $41,132 upwards, we can expect the possibility of further Bull Trend. - However, a short-term Bear trend may occur with a single resistance of $41.5k, since there is a possibility that a bull trend may appear again after the support of the green inward trend line, it seems high risk to respond with a short position. - As the resistance of $41.5k-$41.9k has not yet been broken out, there is a possibility of the appearance of a blue triangular convergence surrounded by a green inward trend line and a resistance of $41.9k. For short-term trading position, take a short-position near $41.9k with a stop loss set as tight as possible and take a long-position near the green inward trend line are considered to be the least risky. - If the $41.9k resistance is broken above the $44.2k-$44.5k resistance, we can expect a Bull Trend. - A break below the green inward trend line support should leave open the possibility of a rapid bear trend towards the $37k support on disappointment in upside expectations.
by Tommy_Trader
2