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Risingchannle

#GBPNZD inverted head and shoulder patternAs evident from the chart, the price is not only currently trading towards higher prices within a rising channel line but has also established a valid breakout from a very long-term daily timeframe inverted head and shoulders pattern. This phenomenon suggests a high possibility of a bullish move in this currency pair, and we might witness much higher prices in the future. If this pattern materializes, based on the one-to-one price target projection, we can assume that the price will at least reach the previous top formed on August 21st, 2023, if not higher. However, I recommend waiting for a pullback towards the broken neckline before taking a position on this pair, or alternatively, look for the proper entry point in a lower timeframe based on your strategy. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
Booking (BKNG) -> Pay Very Close AttentionMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Booking Holdings. Almost 10 years ago Booking Holdings stock entered a quite decent rising channel and is currently retesting the upper resistance from which I do expect a minor bearish rejection. I would then look for longs at the $2400 structure zone or the $1900 rising channel support since the overall trend is still quite bullish and I do expect a bullish reversal there. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:BKNGShort
by basictradingtv
25
Ethereum -> My New Trading PlanMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Ethereum . You can perfectly see that just a couple of months ago Ethereum retested the preivous cycle high of 2018 at the plsychological $1000 level. Since then Ethereum already pumped 100%. However there is still a possibility that Ethereum will once again retest support at the $1000 level and then start the next bullish cycle from there. I will personally buy the dip. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
CRYPTO:ETHUSDLong
by basictradingtv
35
Similarities between Bitcoin's rising channels (950% gains?!?!?)This idea is not fancy. It is simple textbook chart formations such as flagpole targets and rising channels. Many people's first indicators that they learn are the MACD and the RSI. Next comes the use of divergences with the indicators and oscillators. This chart is basic enough to be in the introductory section of a trading textbook. While it is undeniable that we have higher highs and higher lows the chart below shows that that compared to last time the higher high was not as high, comparing almost 20% in the 2020 higher high to only 6.3% in the 2021 higher high. What is nice for the bulls is that the higher low we have put in so far in 2022 is 18.8% higher then the comparison low in the channel while in 2020 it was only 11.25ish%. So the high is not relatively higher but the low is relatively lower. Hopefully some wonk in the comments can tell us which performs better, is it better to have higher highs, or is it better to have higher lows? Regardless, the targeting and stop loss/trade management is pretty simple. For full performance just see the chart below. It does not get much easier than that. My linked idea about the XABCD butterfly will show a higher up target but that may take a while to reach. We already had a year of sideways and if we hit target with over a 9x who wants to be greedy and hold open a position for perhaps another year? The black flagpole target helped define a significant area for over a year and a half. I assume that if the $440,000 gets met that will likewise be a significant area for a long time. I, however, won't be in the game as I like my XABCD butterfly target of $375k much better. I, also personally, am not going to be doing a whole lot with btc as a trade, but I will be using it to determine where I think the market may stall and reverse. I have my positions and trades on in my preferred alts.
BITSTAMP:BTCUSDLong
by This_Guhy
6
GBPUSD bearish patternBefore we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! the price reaches the top of parallel channel, and meanwhile there is a very important resistant zone. you can see this resistant zone from the chart below. A divergence between the price and MACD is seen at the top of the ascending channel. Also let's look at 4H time frame: as you can see the price reaches the top of another channel at 4H time frame.
Short
by niktraders
GBPUSD: bearish outlookBefore we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! GBPUSD 4H time frame: the price reaches the upper line of the parallel channel, and meanwhile we see a divergence between the price and MACD. the divergence support the dynamic resistant as the upper line of channel. Let's look closer at the end of the price movement. the chart below shows 1H time frame. buyers should be careful because at 1H time frame GBPUSD is printing an ascending channel (ending channel). buyers weakness is obvious. I expect a bearish outlook for GBPUSD.
Short
by niktraders
VET/USDT TRADE SETUP! READY TO BOUNCE!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this VET trade setup. VET looks good here. It is moving in a rising wedge channel and currently hovering at the lower trendline so a good bounce is expected from here. Entry range:- $0.125-$0.135 Target1:- $0.142 Target2:- $0.154 Target3:- $0.166 Target4:- $0.178 SL:- $0.12 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
2
Nas100 might fall soon and here is why!Traders, in my previous analyses I stated why Nas100 might turn bearish anytime soon. For more detailed explanation, please consider checking my previous analyses by following the links below. First, Nas100 is currently trading at the diagonal resistance of a rising channel that began September 2020. We witnessed strong selling pressures when price came to this level. For this very reason I believe price will likely do the same, get pushed back strongly to the support of this rising channel or even beyond. Second, after careful examination, I noticed price behaving in a corrective manner on LTM which depicts a rising channel, a reversal pattern. Looking at this, I see the market completing this pattern and will soon decide its next strong impulse. We will carefully and patiently examine further developments around my 5th touch to see if there will be any signs to short this market from there with four targets as shown on the chart. Please take note that only if the selling opportunity present itself, otherwise no selling entry will be executed. If you enjoy my ideas, please show support with a like. If you have any suggestion or opinion please share in the comment section below.
FX:NAS100Short
by Forexintelligence_NA
8
WABIBTC is creating a falling wedge 🦐WABIBTC is creating a falling wedge below the weekly resistance. IF the price will have a breakout and flip the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
WLong
by InkyGrip
13
LIT/USDT Looking for a sweetspot-entry at around 10$LIT is the first of its kind trying to create a secure Identity/Identity verification onto the blockchain structure. Very new coin coming out of the binance foundation/voting group. So far LIT only went up within a nice rising channel. I guess we hit the bottom of the channel again before we move upwards again. Therefore I am looking for an entry around 10$. Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Cheers
Long
by tumbler55
2
Rising or Ascending Channel for the S&P 500?The S&P 500 is forming a rising channel or ascending channel marked by two blue parallel uptrend lines. Most stocks typically continue to channel until either trend line is broken. An upside break is a signal that buying intensity has increased, while a downside break indicates an end to the short-term uptrend. On the RSI there's a noticeable divergence, the blue downward sloping line of resistance will need to be purged to the upside before the pattern finishes or there's likely going to be a heinous correction if the pattern finishes bearishly. The KST is trying to cross bullishly over the red line but has been rejected multiple times upon close observation, I've outlined a possible H&S pattern that will occur unless we see a bullish cross on the KST.
TVC:SPX
by ScotianBot