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Channelbreak

ETHUSDT is trying to have a breakout!the market had a breakout from the descending channel and now it's testing the static resistance on 2750. Like Bitcoin, Ethereum needs to create a new Higher Hig above 2800$ (better above 2900) with confirmations and volumes On the 4h Timeframe the price is testing the daily resistance below the 4h supply zone on 2800-2900$ How to approach? IF the price is going to have a breakout from 2900-2950 and retest the previous resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
10
NQ Power Range Report with FIB Ext - 3/17/2022 SessionCME_MINI:NQM2022 - PR High: 13995.00 - PR Low: 13953.25 Evening Stats (As of 2:05 AM) - Gap: = N/A - Session Open ATR: 471.74 - Volume: 32k - Open Int: 181k - Trend Grade: Neutral - From ATH: -16.50% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 14675 - Mid: 13500 - Short: 12390 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQH2022
by mv3trader5
BTC lost its downtrend channel, What's next?BTC lost its downtrend channel, What is next? Is it a bullish sign? As you can see on the chart, BTC has lost the strong downtrend channel, This channel was directing the price from the $45,000 area to lower lows. Usually, after the break out of a major channel, A trading range will be created, This happens because Traders are making decisions to specify the future movements in the market. The upper scenario is happening for BTC right now, According to channel breakout and bulls weakness, I think the price needed some trading range between $40,000 and $36,000 area BEFORE creating a new uptrend or downtrend channel! At the moment Trading in this range is the correct decision, Sell near resistance and Buy near the support zone.
by TahaZargar
BTC CONFIRMED BULLISH FlAG BREAKOUT.📊 #BTCUSDT (BITCOIN) 💹 Time Frame : 4H (Update) ➖➖➖➖➖➖➖➖ 🟡BITCOIN breaks the Bull flag pattern in the upward direction and also was able to close the Daily candle above EMA 20. This is a good sign for the market. The next major resistance is (43500$ - 44500$) area. The local support is (41000$ - 42000$) area. Let's wait for the US market to open and see if BTC is able to hold above the 42000$ area then we see more upward movement. This analysis will be updated
by Trader_Needs
4
Interesting two parallel channelHello everyone Before 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! KCSUSDT : A big channel and a smaller parallel channel can be seen. The price reached the upper line of the bigger channel and then reacted to the line and reversed. At the same time, we see the price braked the small parallel channel and this is a trigger for a bearish wave to the lower line of the bigger channel. Now, a pullback is seen to the smaller channel and it is a good opportunity to go short. The target is the lower line of the bigger channel.
Short
by niktraders
2
Every upside movement will be a chance to sellHello everyone Before 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 breaks a valid channel that lasts for two years. Now, this valid channel is broken, this means a beginning of bearish waves that may last for multiple months. So, a bearish outlook for stock market is expected, and every upside movement will be a chance to sell.
SP:SPXShort
by niktraders
AUDJPY: channel breakoutHello everyone Before 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 ! AUDJPY : the price braked a neat parallel channel and I expect further bearish movement. please note how the price moved in the ascending channel that shows weakness of buyers. Our first target is shown on the chart (support zone). please remember any analysis can be failed. so, manage your risk and respect your stop loss.
Short
by niktraders
FILUSDT is creating a descending channelthe price is testing an important support zone on the weekly support. After a daily breakdown, the price retested the previous support as new resistance and now the price is creating a descending channel on the weekly support and below the daily resistance. The market starts with a higher high and higher low below the major daily resistance. How we can approach it? We need to wait and see a clear breakout of daily resistance and descending channel, retest the previous resistance as new support. Only in that case we could apply the Plancton's rules to open a new long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
20
JSLHISAR - Breakout from channel pattern🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
JLong
by PrakWorld_Traders