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Ascending Channel

SPX: Powerful Breakout! The Index Seems Unstoppable (For Now).• The SPX triggered the pivot point at 4k, which we mentioned in our last analysis, and the trend is now bullish (the link to my previous analysis is below this post); • Now, the support levels are: 21 ema; 4k; and the lower purple trend line. The SPX would have to lose all these support levels, doing a downwards breakout from its Ascending Channel, in order to reverse the bullish bias; • In the daily chart, the index broke the trend we talked about in our previous study, indicating that it is reversing the trend; • What’s more, it triggered a bullish pivot point, as it broke the previous high at 4,039 after doing a higher low (3,909); • Now it appears the index is seeking the next resistance at 4,078 (Futures already hit this resistance level); • There is a possibility that the index triggered an Inverse Head & Shoulders chart pattern as well, indicating that the bullish reversal has just started. In this scenario we would easily hit the 4,200 in the next few weeks; • I’ll keep you updated on this. For now, let’s pay attention to the movements in the 1h chart. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
1
Ethereum - Secret bear flag! (70% crash target) Ethereum shows a lot of weakness on the major timeframe. You can see that the downtrend was pretty steep, and now we are in a bullish correction / consolidation. The chart is printing a big bearish flag or ascending parallel channel, and I think we should test the upper trendline first before continuing lower below 900 USDT. The bear flag is a little bit hidden, but you can spot it with a little skill. We have been consolidating within this bear flag for almost a year now. At least a 30% pump is very possible at this moment, and it will be a great time to take profits before a huge crash! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. You can see my Elliott Wave count on the chart. I don't know whats yours, but you can take some inspiration. A lot of people are very bullish at this moment, but the chart does not look bullish. A trendline from 2015 on the ETHBTC chart is breaking down, which is a significant bearish technical event. Make sure you check out the trendline in the related section down below! I can say that the majority of people are refusing to accept the fact that ETH and BTC could continue in the bear market. I can see it below my previous posts in the comment section, so I can make a pretty accurate conclusion. I also use this indicator for my analysis. The major crash could occur in September 2023 or later. Now I think ETH will go up by 30%, even though I am not going to speculate on any longs at this point on ETH. Choose some better altcoins, such as WAVES! Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
56
TSLA: Lots of Technical Movements.• TSLA is still trading inside a congestion, between the resistance at $200 and the support around $186 - $187, which we talked about in our last public analysis (link below this post); • Yesterday, TSLA did a downwards breakout from an Ascending Channel (purple lines), just to hit its support at $186 again, and now, TSLA is retesting the bottom of the channel as a resistance, as evidenced by the last red line; • This movement follows the Principle of Polarity, which states that previous support levels are supposed to work as future resistance levels, and vice-versa; • Despite the good reaction above the 21 ema, this alone isn’t good enough to make TSLA fly again. • In the daily chart, we see a series of 6 bearish candlesticks, while it is just moving sideways. This is a sign of weakness, but as long as TSLA remains above its key support at $187, and the 21 ema, the trend will just remain sideways, not bearish; • In order to do something new, TSLA needs to do a clear breakout from this congestion. So far, there’s no evidence pointing towards any direction, but probably we’ll see something new soon. • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
BITCOIN close to ascending channel resistance area ❌🧨Hello 🐋 we expected the retest of the resistance zone to be completed ✔️ if the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction, at least to our lower trend line ❌🧨 otherwise we can see more gain to upper resistance level ✔️🚀 if breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨 brief amount of green candlesticks to the upside before any other movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
8
Bitcoin is retesting a trendline from 2013! (right now) This trendline is 10 years old, and Bitcoin is currently retesting it from the opposite direction. If this was the same trendline on the 1h chart, it's likely to go down at this point. We have multiple touches on this trendline: 2013, 2015, 2015, 2020, and 2022 on the LOG scale. Make sure you switch to LOG scale to see it. So what now? Will the bears step in and send bitcoin to 10k - 15k? Let me know in the comment section. I look forward to your comments! But I want to tell you that this trendline is parabolic, and if it is reclaimed and followed, then theoretically the price of Bitcoin will be around 5 000 000 dollars in 2030, which is absolutely almost impossible, and the higher chance is that this world will end than this. On the chart, you can also see previous halving dates and a prediction for the next halving, which should occur on April 8, 2024. Historically, Bitcoin always goes up after the halving, but we still need to wait more than a year for this event. Meanwhile, we could experience a huge flash crash to liquidate high-leverage traders with a strong and steep rebound back to 30k. Bitcoin is very volatile, and a 50% or 80% crash is nothing. I hope you like this short and juicy description. I don't want you to spend too much time reading, so let's get straight to the point. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSD
by UnknownUnicorn2537518
83
SPX: Trend Analysis + Key Points to Watch From Here.• The SPX is trading inside an Ascending Channel in the 1h chart. Today it is losing momentum, indicating that it could seek the bottom of this channel; • Yesterday, the index failed in breaking the 4k, which is its most important key point. By breaking the 4k, we would see a bullish pivot point in the 1h chart, indicating that we could seek the higher line of this channel; • If it loses this channel downwards, then it is very likely that it’ll seek its support at 3,808, which we mentioned in our previous analysis (the link to it is below this post, as usual). • The problem is that in the daily chart, the trend is still bearish. There’s a purple trend line connecting the previous tops, and it seems it worked again yesterday; • As long as the index remains under this purple line, the SPX won’t do any meaningful bullish reversal pattern; • What’s more, there’s no clear bullish reversal structure in the daily chart yet. Yes, there’s a bottom at 3,909, which is higher than the previous one at 3,808, but without a higher high, the trend will remain bearish; • Therefore, it is very important to watch how the index is going to react now that it just hit its major resistance in the daily chart, and if it’ll break its pivot point in the 1h chart; • This is a defining moment for the SPX, and I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
A look at the inv h&s and rising channel on btcusdI focused on the bullish pennant btc recently broke up from on my last chart, so for this one I wanted to focus now on the inv h&s patterns and the rising channels since btc price action is now above them. The green inv h&s pattern is the most obvious one, however there is also one with an ascending neckline(in lavender) even though the lavender inv h&s is smaller than the green, because it’s neckline is slanted upward its breakout target is slightly higher than the larger green one. We can also see price action now above the teal blue rising channel. On the daily chart you can see how the bottom teal line is also valid with multiple touches, which essentially makes the channel twice as big as most people realize. I have posted the measured move targets for the top half of the ascending teal channel as well as a target for if the bigger channel is more valid. Odds are they are both valid but we will know by how close price gets to each target. There are several other bullish patterns I left off this chart as I wanted to focus on the most current patterns I’m currently focused on and with price action just now closing multiple daily candles above these patterns I knew now was the time to post a chart focusing on them. You can look back through my chart ideas to see all the other bullish chart patterns currently in play including a bullish pennant, descending channel that is also a potential inverse Bart, and the falling wedge that encompassed most of the bear market. *not financial advice*
BTSE:BTCUSD
by DrDovetail
BTC/USD - Analysis of recent events and a Double TopQuick BTC/USD analysis of the last few Months: Looking at the Price and the Relative Strength Index (RSI) Convergence/Divergence: From Tuesday 13th Sept 22 until Saturday 5th Nov 2022 we had Convergence with the Price and RSI which indicated a reversal was most likely on its way. Price = HH - LH (Higher High - Lower High) RSI = HH - HH (Higher High - Higher High) Next from Wednesday 9th Nov 2022 to Monday 21st Nov 2022 we had Convergence with the Price and the RSI which then lead to a reversal breakout. Price = LL - LL (Lower Low - Lower Low) RSI = LL - HL (Lower Low - Higher Low) Next from Sunday 29th Jan until Tuesday 21st Feb 2023 we had Divergence with the Price and the RSI leading to the bearish reversal drop that we are still in today. I suppose you could start this Divergence sooner if you wanted, but i have started it on the 21st Feb 2023. Price = HH - HH (Higher High - Higher High) RSI = HH - LH (Higher High - Lower High) Here is a closer look at the 1 day chart. Here is a closer look at the RSI Indicator. For those who are new and do not know, please note that Divergence/Convergence with the Price and RSI is indicted by the Straight Yellow Lines on the Chart and RSI Indicator. A few other bits. BTC has also created a Double Top Pattern as indicated by the 2 circles on the chart with arrows. The 1st Top was at Monday 15th Aug 2022 and 2nd Top was at Tuesday 16th Feb 2023. Note that BTC tried to get above this support level 3x and failed all attempts at closing above this resistance line. BTC is still in an Ascending Channel Pattern, while it did break out of its Upper Resistance Trend-line, it did not CLOSE ABOVE it, so this Upper Resistance Trend-line is still valid. Using the Lower Trend-line of the Ascending Channel and the Double Top Resistance line, we can also say that BTC may also be in an Ascending Triangle Pattern. At the moment of typing this, BTC is still below its 50MA (Yellow Line) and has found some support from its 200MA (Red Line). Looking at just the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) of the Ichimoku Cloud, we can see that BTC is in the Equilibrium Zone Inside the Cloud. Note that a successful daily candle CLOSE BELOW the 200MA will also bring BTC under its Leading Span B (Senkou Span B) support level into the Bearish Zone of the Ichimoku Cloud. Please note that i am not using the traditional 9,26,52,26 settings for this cloud. Looking at the Bollinger Bands, we can see that we have had massive expansion of the Upper and Lower Bands for the negative side, BTC is still way below its Middle Band Basis 20 Period SMA and note that the Middle Band is still Pointing Downwards. Note that BTC is still walking on the underside of its Lower Band. My thoughts: While Silvergate Bank’s liquidation may have contributed to the drop we are still in, looking at this chart, we can clearly see that the Price and the RSI were already giving the warning signs back in February especially with the Double Top and Price/RSI Divergence. We will now have to see if the 200MA holds as Support, if it doesn’t then next is the Lower Trend-line of the Ascending Channel Pattern. During these recession, it is iInteresting times ahead for BTC and the whole Crypto market. In any case, i hope this post has been informative and has helped those who are new to charting and using Price/Oscillator Convergence & Divergence to help predict possible price movement.
BITSTAMP:BTCUSD
by TradingThroughTheLens
EURJPY, Double Top Bearish Price actionEURJPY has been shaping up for a big sell opportunity as we can see price was rising within an ascending channel which impulsively broke downward forming a bearish correction. Double tops have been confirmed indicating more downside is possible. As we see many different target levels that price could test, it may take weeks for this sell to make its way all down. Take your profits as the market gives you, ensure proper risk management and exit criteria is implemented. Thanks Trade Safe
Short
by ktlfx
1
💲Catch Profits in Channels💲Hello dear traders🙋🏻; I'm Pejman & this is the "How to get fish from channels" class. I guess you've heard, "Give a man a fish, and you feed him for a day🍣; teach a man to fish🎣, and you feed him for a lifetime." Like every other educational post, today I will teach you how to fish and make money from the Market River🏞️. As you know, fishing requires patience and practice, and you also have to take risks and throw bait into the water⛲. But today, together, we can use all kinds of price channels that are formed in this attractive river as a fishing net.🕸️ Our tool for fishing in the market river is technical analysis, which we discussed in previous posts. You can refer to this post and pick up your fishing rod. You must have noticed that in the financial markets, the prices have their patterns and trends, which help us to catch the best fish🐠. These patterns and specific price movements cause various trends in the market, which I explained in the market types post. Another feature of specific price patterns and trends is the creation of price channels. Of course, don't get me wrong, I don't mean TV channels📺. Although these channels are as attractive as sports channels and watching the Barcelona and Real Madrid games⚽🏟️, they have other features besides attractiveness✨. They help you to predict the area of price movement even for the future. But please don't confuse channels with a magic 8-ball🎱. Based on past trends, they can give you a sense of where the price may be headed👀. Trading without a price channel is like fishing without a net🕸️; you just guess.🤔 So, let's check the channels more closely and catch fish from them until the river is wavy.🌊 First, we need to know what the channel is.🤷🏻 Channels are like riverbanks that guide water flow, except, in this case, the channels guide the flow of candlesticks.🕯️ Price channels are made when the price is under the pressure of two ranges of supply and demand. A channel is a trading range between two trend lines in which the price of an asset moves in almost predictable directions💁🏻. A price channel is like a trend line with a friend; two are always better than one, right?🧑🏻‍🤝‍🧑🏻 They also say: "The trend is your friend, but the price channel is your guide🙏🏻." By drawing the channels, you can find the possible price path🛣️, and at the right time, your hook will be stuck on sweet and big dollars💰. Channels can be formed and used in any market with trending price changes, from stocks to forex and cryptocurrencies. Channels, like many other tools in this market, have different types. Put down your fishing rods and put on your swimsuits🩲👙; we have to dive into the next topic.🏊🏻‍♀️ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Dear students welcome to the types of channels class.🧑🏻‍🏫 The first lesson is ascending channels.⬆️ The ascending channel for the price is like a staircase to heaven! An ascending channel is the same as an upward trend line, with the difference that in addition to the aligned valleys🌄, the peaks⛰️ are also aligned and are formed parallel to the valleys. Both the peaks and valleys will be predictable.💁🏻 Of course, you cannot be sure what the next price move will be, but you can predict many possibilities.👀 Now that we climbed the stairs and got acquainted with the ascending channel, it is time to get acquainted with the descending channel⬇️ and do some skiing⛷️. They say: In the deepest water is the best fishing. So let's swim deeper and get to know the descending channel.🤿 The descending channel is like a waterfall, pulling down everything in its path. Candles are no exception, and when they are in a descending channel, they slide like fish🐠 in a waterfall and go lower and lower. Look for a series of Lower Highs(LH) and Lower Lows(LL) to identify descending channels. The difference between ascending and descending channels is similar to climbing🧗🏻 and skiing⛷️; Descending channels push the price down and cause lower peaks and valleys. If you were trading in one-sided markets and encountered a descending channel, my friend, just sell and run🏃🏻. But if you were in two-sided markets, you can enjoy taking short positions🔻 and fishing in this drop.🎣 The noteworthy point✨ is that the longer a channel is and the more times⏳ the price has hit any side of this channel, the more essential and reliable this channel becomes.✅ But what if the price is too tired to climb the stairs🔺😩 and not in a good mood to play on the slide🔻😒? In this case, it will be stuck between two✌🏻 horizontal trend lines and form a range or sideway channel. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Range channels are just like ponds. There is no exceptional water flow🌊 in a pond, and fish and other creatures can only Move inside this pond. But range channels could be more attractive and eye-catching, like ponds.🌟 Range channels make traders tired.🙍🏻 Because trading in these channels will be more difficult than in other channels, it is challenging to recognize price movements or profit from small price movements in range channels.🤷🏻 The range channel is not similar to the ascending or descending channel. Because as its name suggests, it does not have a particular trend at all and is trendless. When the price is in a channel range, the number of buyers🟢 and sellers🔴 is almost equal, and supply and demand are virtually identical. 🙅🏻Unlike ascending and descending channels, no peaks or valleys can be seen in a range channel higher or lower than its previous peaks or valleys. Range channel is created by considering two trend lines from one peak to another peak and from one valley to another valley. 👌🏻Actually, the difference between a range channel and other channels is that these peaks and valleys are equal and basically in the same direction. These channels may be permanent for river fishes🐟 and have become their home🏡, but there is no permanent channel or trend line for candles.😉 Remember that candles can leave their channel just like a bird🕊️ that jumps out of its cage or a prisoner escaping prison.🏃🏻 Do you remember in the previous posts when I talked about support and resistance lines, we said that candles could finally be released from their support or resistance prison? This case is the same.💁🏻✅ If you forget or don't know about support and resistance lines, take a breath and read this post before going to the next steps.👇🏻 The longer a channel is and the longer the price is locked in it🔒, the pressure of supply and demand on the price is more significant, and you will probably see a strong movement of the candles after the failure.💪🏻 But don't worry. You can still make money trading channels and even breakouts. In the following steps👣, I will teach you how to trade with all types of channels, as well as how to trade in breakouts.😉 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Now you must have questions about how to draw channels.🤷🏻 Well, obviously, with a very sharp pencil✏️ and a steady hand✍🏻. Just kidding😅, you must first recognize the trend and look for regular price movements to draw channels. To catch a good fish, you must patiently monitor the price movements and look for peaks and valleys that move in the same direction.🕵🏻 You will find your channel by connecting these peaks and the valleys to each other. You need at least two✌🏻 parallel peaks and two valleys to draw a channel. But how do you know that a channel has been drawn correctly?🤔 Channels have conditions, my friend. I wrote these conditions, so pay attention when drawing the channel.😊 When you draw your channel, make sure that the upper and lower lines of the channel must be parallel. If the two channel lines are not parallel and are angled, this is a sign of your terrible drawing🤦🏻‍♀️. What kind of school🏫 did you go to where you can't draw two parallel lines?😐 I'm kidding😄, but if this happens, the pattern is no longer a trend channel but a triangle, which I discussed in previous posts. Channels and trend lines create patterns by forming different shapes, which I explained in the above post. I said the lines should be parallel but don't take a ruler📏 to measure each channel and trend line. There is nothing quite like books, my friend.😉 According to the definitions, don't expect to always find a channel 100%. In that case, you will lag behind the whole market.🙅🏻 But there is a tool with the help of which you can draw your channels correctly and lower your error percentage. ✅You can find this expression from the toolbar beside your TradingView charts. Who doesn't like to cheat sometimes? Look to the left of your charts and click on the second one from the top. New options are displayed; the fifth option from the bottom is the Parallel Channel. Select this tool and look at your chart. Use this tool wherever you can draw a channel. To draw ascending channels, you have to find two valleys with a peak between them and you can look for the second peak by drawing the parallel channel. And vice versa, to draw descending channels, you must look for two peaks with a valley between them. If you found two valleys and there were no peaks between them, something must be wrong & you should reconsider to find the right points. Finally, the task of the range channels is also straightforward🙂 When you start drawing, from peak to peak or valley to valley, the range channel will show itself, and it will not be different.😊 By default, parallel channels are also a middle line.👀 The middle line is like a negotiator between the other two lines. When the price moves from the upper band of a channel to the bottom, the middle line can mediate and supports the price.🟢 Or when the price moves from the lower band of a channel to the top, the middle line can prevent the price from moving further.🚫 Dear students🧑🏻‍🏫, now you have acquired the necessary skills, and it is time to take your sticks🪝 and come with me to the river. Before you trade and catch fish yourself, pay attention🙏🏻 to the positions I took with the help of channels to gain skills in this field because a poor worker blames his tools. There are ✌🏻two strategies for trading using channels, both of which I will teach you. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- For example, in an ascending channel, such as trading with a support line, you can buy🟢 when the price is on the lower line of the channel and wait for it to reach the upper line of the channel and exit the positioning 🔚. In previous articles, we talked about candlestick patterns. Using these patterns, you can get help to enter and exit your positions. You can place your stop loss below the bottom line of the channel. You must indeed lose a fly to catch a trout.🎣 But always remember to be careful.😉 They say to invest what you can afford to lose. But remember to manage your Risk-Ratio and only trade after practicing and testing your strategies several times.✅ Indeed, even if the channel is downward🔻, you should only trade in the direction of the trend; as soon as the price reaches the upper line or resistance line, enter the position and take your profit💲 when you get the lower line of the channel. Of course, if you are facing a range channel, your general strategy should be to buy at the bottom and sell at the top of the channel, and it's like eating a piece of cake.🍰👌🏻 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- When the price is stuck in a channel, is it like a prisoner who can't guess whether he will finally escape by digging a tunnel or climbing over the prison walls? It is impossible to know from which side the price will eventually break its channel.🤷🏻 It seems that channels usually break against the direction of their slope, but it is always possible for a channel to break on both sides.😉 If a channel is broken, the price usually starts a significant move in the same direction as the break.🏃🏻 Did I say that the more the price is locked in a channel, the stronger it will move?💪🏻 Usually, the price can move according to the width of its channel. When the price is stuck in a channel, is it like a prisoner who can't guess whether he will finally escape by digging a tunnel or climbing over the prison walls? It is impossible to know from which side the price will eventually break its channel.🤷🏻 It seems that channels usually break against the direction of their slope, but it is always possible for a channel to break on both sides.😉 If a channel is broken, the price usually starts a significant move in the same direction as the break.🏃🏻 Did I say that the more the price is locked in a channel, the stronger it will move?💪🏻 Usually, the price can move according to the width of its channel. You can even use both strategies to trade channels.👌🏻 For example, if the price is locked in this channel, trade in the direction of the channel trend. Breaking channels is like breaking trend lines or support & resistance, and it comes with a breakout candle🚩 and a confirmation candle✅. After the breakout, if you have an open position in the trend direction of the channel, you should close it.🙅🏻 After seeing the confirmation✅ of the breakout, enter the position according to your trading strategy and follow the risk management points. For example, I would have ✌🏻two entry points. And I place my stop loss slightly above the breakout candle🔴. My first point of entry is after seeing the confirmation candle. And if the price returns🔁 to its channel for the last kiss💋, I activate my second entry point. This will reduce my Risk-Ratio, and I will have a safer position. To know that your channels are ending🔚, you should look for signs of weakness in price movements; for example, in an ascending channel, breaking below the low trend line or failing to reach higher peaks are signs of weakness. It's like the price is taking a break before going higher again. The last thing I'd like to tell you is don't try to force a price on a channel when it doesn't exist. Remember, patience is vital, and it is better to lose a trade than accept a losing trade. As said: "Sometimes the best catches are found in still waters." 🎣 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Conclusion : Price channels are the rails that keep asset prices on track.🛤️ Just like fishing in a river, trading requires patience, skill, and an understanding of your environment. Check and avoid being affected by market fluctuations.🙅🏻 Now you can take your fishing rod🎣. Whether you are fishing in a bullish, bearish, or range market, the right approach and tools can help you make big profits.😉💲 Remember that profit and loss are together. Profits are never permanent and remember that a bad day at fishing is better than a good day at work. Am I right?😊 For you to have more good trading days than bad days, remember that it's okay to make mistakes when drawing🖌️ those price channels. You can make up for all your mistakes by practicing and finding the right strategy. Warren Buffett says: The best investment you can make is your abilities.💪🏻 Feel free to experiment and try new strategies.✨ Don't be like a fish out of water; use the channels for swimming🏊🏻‍♀️ towards the market river. Remember what Jesse Livermore said: "Price channels are like guardrails on the highway🚧 - they keep you from going off track and help you stay on track." This post is over, but the road to the technical analysis journey is not over🧳✈️. In the following posts, I will accompany you step by step👣 and teach you other tools. Be healthy🙏🏻, profitable💲, and successful!✌🏻 Ask your questions in the comments💬 and share your opinions with me😍.
Education
by pejman_zwin
86
USDJPY | Perspective for the new week | follow-up detailsDespite negative GDP data last week (negative variance of 1.71), the dollar closed its fourth consecutive week in positive territory, trading 1.80% higher to culminate at the 136.500 zone. The economic data released so far this year has painted a stronger picture of the U.S. economy. It is also worth noting that the incoming BoJ governor Kazuo Ueda indicated that the central bank will largely maintain its ultra-accommodative policy in the near term hereby indicating a weak economy and considering the significant breakout of the 135.000 zone (the first time this year); the Greenback may continue to remain in demand. This video illustrates a detailed technical perspective of what to look for in the coming week as trading opportunities is strongly leaning towards bullish expectation from a long-term perspective. 00:50 Reference to last week's daily commentaries and results 03:49 USDJPY analysis on Daily Timeframe 06:05 Macroeconomic event for the week 08:30 USDJPY analysis on the 4H Timeframe 10:30 Conclusion on next week's projections Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
4
BTC can break resistance line of channel and continue to growHello traders, I want share with you my opinion about Bitcoin. When observing the chart, we can see how Bitcoin entered the downward channel and is currently trading inside. Inside the channel, the price created a buyer zone, which it tested several times, bounced off it and begin to move up. Now the price is close to the resistance line of the channel and can continue to rise and break through it. After a possible braekout resistance line of channel, the price can continue to move upwards. So, based on this analysis, I see 2 goals for Bitcoin at level 23785 and resistance area 24450-24590. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
12
Yemi_Fx1 | Short for USDCHFFrom 4HTF perspective price has been moving in an ascending channel and currently it's approaching the upper dynamic trendline + area of value. If all criteria are met and the structure holds, then I'm looking forward for price to fall to the base of the channel. I'll be considering A Risk entry type at the top of the structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag. Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Short
by Yemi_Fx1
XAUUSD - Ascending Channel Breakout As Shown XAUUSD has broken out of its ascending channel and impulsed downward giving indication gold may be in a bearish trend now and the trend has reversed. It seems we are in the first wave of the Elliot wave theory which is the impulse wave that is shown on the chart. We may see a further continuation or we will see a retrace to the key FIB levels of 61.8 (1922) or 78.6 (1939) before we see a continuation downward. Either way we should wait for confirmation of the trend line breaking or confirmation of the key FIB levels showing signs of resistance. I marked this Idea to be Invalid around 1961 and the target levels to be around 1830 and 1777. Upgrade your trading with me For FREE SIGNALS and if you would like to see updates on this idea and many more please follow: @wrightwayinvestments @wrightwayinvestments @wrightwayinvestments ✅ Hit the like button, and share for more!
OANDA:XAUUSDShort
by WrightWayInvestments
4
Ethereum is ready for a massive pump! (again) It has been one of the best 2 months in crypto history, with tremendous gains on altcoins. Euphoria is at a very high level, but it's going to be even higher because ETH is forming this incredibly bullish pattern! My main focus is and always will be on altcoins, and I am monitoring all futures + spot pairs on major exchanges. I prefer to trade on leverage, so you don't need too much margin compared to the spot. Ethereum's chart is displaying an inverse head and shoulders pattern, and I am confident that once we break the neckline, we will see a massive green dildo, which is why you should be in. It's a good idea to buy ETH right now and set your stop-loss below the right shoulder. You don't want to wait for a confirmation! You want a higher risk-to-reward ratio instead. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. On higher timeframes, ETH has been moving in an ascending parallel channel on the LOG scale. This channel is indeed very resistant; make sure you are aware of it. From the Elliott Wave perspective, the wave structure is totally incomplete. We are still in the 3d wave, and we have plenty of time for the upcoming uptrend! Some altcoins are skyrocketing with 100% - 500% gains already. Do not forget to take a look at my previous analysis on BTC - "30k next stop, then big crash! (Whales plan)." Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
71