What is a Price Channel?A PRICE CHANNEL APPEARS ON A CHART WHEN A ASSET'S PRICE BECOMES BOUNDED BETWEEN TWO PARALLEL LINES.
Bitcoin appears to be in price channel since 18May!
Some traders love Parallel channels as they they can keep buying and selling between to get profits.
While other traders like to trade Breakout on Parallel Channels.
How do you trade price channels?
Parallelchannels
$SUNW Target PTs 16.50-17.50 and higher...in Parallel Channels: Sunworks, Inc., through its subsidiaries, provides photovoltaic based power systems for the agricultural, commercial, industrial, public works, and residential markets in California, Massachusetts, Nevada, Oregon, New Jersey, and Hawaii. The company also designs, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger projects. In addition, it offers a range of installation services, including design, system engineering, procurement, permitting, construction, grid connection, warranty, system monitoring, and maintenance services to its solar energy customers. The company was formerly known as Solar3D, Inc. and changed its name to Sunworks, Inc. in March 2016. Sunworks, Inc. was incorporated in 2002 and is headquartered in Roseville, California.
$THBR Advent Technologies Inc. to combine with $AMCI AcquisitionAdvent Technologies Inc. to combine with $AMCI Acquisition Corp., creating a leading next generation Fuel Cell Technology Company
$THBR update: Combination with Thunder Bridge Acquisition II on Track to Close Early Spring 2021
Clears Hart-Scott-Rodino Transaction Hurdle
Company Sees Strengthening Autotech Demand and Sustainable Order Pattern
Reaffirms Strong Revenue Outlook for Above Market Growth
Current Industry Shortage of Automotive ICs Underscores Strategic Market Opportunity
BTCUSD swing trade for Breakout or Pull-back on CongestionBTCUSD has been playing a little stalemate with us as of the past week. As evidenced by the green parallel, there has been a strong trend upward since the Covid pullback, but that trend has become weak in recent days due to sideways price movement. Timing a breakout or pullback can be difficult, but I've set some price guidelines where the congestion channel intersects with the uptrend channel. Depending on which of these prices BTC hits next, we should expect a breakout or pullback.
USDJPY 3 FEB 20 - Long now!guys i found a perfect uptrend channel to buy the USDJPY... It bounced on the lower support of the channel, it will reach the higher lows on the upper support, and then it will retest and reach the final resistance. I suggest to long just now so you can get both the opportunities (support retest and long twice).