Ascending Channel

Buy USD/JPY on channel support and close it when approaching channel resistance. This trade is on the daily timeframe so be patient.

COINBASE:ETHUSD After a $192 to $250 price movement. Price had 78.6% retracement and has then formed a Hidden Bullish RSI Divergence. Price started moving up and consolidating forming an ascending channel. Further consolidation could be expected before breaking out of the channel. Target: $275

Analysis: Correction ended, and accumulation nearing final phase. Inverse "FatBart" Head & Shoulders seen. Entry Point: General Entry is this range is fine, just look for a local dip/low. Looking to go long in the range of 9200 to 9275. See detailed screenshot below, using Bottomfinder to find best local entry. https://www.tradingview.com/x/Ux4tdCWu/ Take ...

toward a brighter tomorrow. https://www.tradingview.com/x/kO9c7g48/

Bitcoin has found support off bothe previous resistance at 6450 and lower ascending trendline providing a nice opportunity to go short-term long. Rejection of SR level Support of ascending channel Bullish divergence Target: 6730

The last market sell-off we had pushed the price of Bitcoin down to the ~6100 level where it traded in that range for about 4 days. The price has tested the bottom trendline 3 times now without a trend penetration surpassing that of 3%. However, the past two times the price of Bitcoin has tested the trendline resistance, it has been rejected. Currently, the ...

I note BCH has transitioned form an ascending channel to a sideways consolidation channel which is often a continuation pattern. Back testing shows that it may move sideways longer than my pink trend lines suggest. BCH has been a great coin to trade (not hold) recently so I look forward to watching this one with anticipation of its next move. Trade safe team.

Thanks to @Philakone for directing us (link below to his tweet) today to this ascending channel that ETHUSD has been moving in for the last few days. On top of his comments, it looks to me that we may have been rejected off that blue resistance line at around 217. It will be remained to be seen if we stay within the channel or break out in the next few days. As ...

The dollar has halted its rally since it got resisted again at 95.6 and closed yesterday just above 95. It does seem that the dollar might be tamed before the release of NFP. Pairs such as USDJPY is seen overbought and is thus prone to selling and take profit for buyers. The pair has broken below the bottom of its rising channel since resisted and falling from ...

I guess I might have posted a little late as the price made its move down while I'm still drawing the chart. Nevertheless, I'm seeing that the major retracement is almost or probably completed for GBPUSD. I've labeled 2 stop loss level, a conservative and an aggressive one, for different risk appetite, and I'm certain of the trend. The main reason for such ...

On my watchlist this coming week is AUDNZD. Price is currently in an ascending channel, its almost at the ascending trend line, where we will see a bounce or break, but, I'm counting on the former. There is a possible ABCDE Elliot wave correction, and price might just go up and complete the E leg. On this one, I will first wait for bullish candlestick info, that ...

Hourly BTC chart shows an ascending channel where we have higher highs and higher lows. A breakout above trendline is a bullish signal while breakdown below will indicate signs of bearish price action. This could be a good opportunity for swing traders. The big run up on 21st was followed by a significant sell off where support of 6250 was tested. Currently we are ...

Trading the alts against BTC has been quite straight forward the last few days. Bearish patterns have been playing out very well. We can see on the chart LTCBTC has broken out of a rising channel. This is a sign of weakness, which was a more probable outcome given the grinding nature of price (circled area). On the smaller time frames, there was even a head & ...

EOS is bouncing crucial support - the bottom line of global upwart channel.

The EUR/GBP is currently in an ascending channel in daily chart. It currently facing resistance at the upper trend line. The pair broke an descending channel earlier which is indicated by red line in chart. We expect the pair to take support at the broken trend line or to move towards lower trend line.

Weekly Time Frame.. Details on the Chart. This is a swing trade. The pair has already broken its 2016 &17 trend line. So as per the trend line rules, this must retest which apparently co-incides /converges with 61.8 fib.. Only key levels are 61.8 and 78.6. for this pair. Dont make it too complex.. Opinions are appreciated.

The big jump for USDCAD during the last NY session could be a precursor for commodity prices to fall again. AUDUSD being a strong commodity currency pair has rebounded to a high which gives us a large space to profit from a sell should commodity prices really resumes depreciation. AUDUSD is now trading at the top of a symmetrical triangle and the top of a rising ...

Analysis EURJPY has been forming a symmetrical triangle around the 129.35 level. During June and July it formed an ascending channel within the larger triangle. Trigger August 2nd it broke and closed outside the ascending channel. Additionally, it closed below a support level August 2nd and 3rd. Trade Now looking for a retest of the 129.35 level for a short ...