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Parallel Channel

A channel can be used as an entry pattern for the continuation of an established trend, as part of a trend following strategy. A channel forms when price action is controlled by 2 parallel, sloping lines and has tested each of these lines at least twice. An ascending channel indicates a bullish trend, with the support line connecting consecutive higher lows and the resistance line connecting consecutive higher highs.

A descending channel indicates a bearish trend, with the support line connecting consecutive lower lows and the resistance line connecting consecutive lower highs. Generally speaking, the support line of an ascending channel is a buy zone and the resistance line of a descending channel is a sell zone, while the opposing lines are profit-taking zones. A common stop level lies on the other side of the buy or sell zone. Conservative traders may look for additional confirmation before entering a trade. TradingView has a smart drawing tool that allows users to visually identify channels on a chart.
D4rkEnergY D4rkEnergY BTCUSD, 120,
BTCUSD: Bulls Back On Track - But BITCOIN is Facing a BIG DILEMMA Now!
56479 166 660
BTCUSD, 120
Bulls Back On Track - But BITCOIN is Facing a BIG DILEMMA Now!

When circumstances change, I change my opinion (and my position if necessary). Traders who cannot change their opinion end up having to change their underpants. Peter L. Brandt, world-famous profitable trader since the 1980's, and author to many books about TA and Trading! Just keep it in mind, guys! So lucky for me, I have been right the last 2 days. So no ...

GekkoFX GekkoFX AUDCAD, 60, Short ,
AUDCAD: AUDCAD, H1, sell - pibnar on resistance + channel
24 0 2
AUDCAD, 60 Short
AUDCAD, H1, sell - pibnar on resistance + channel

Reason to trade: Resistance stops price + pinbar + channel border Stop Loss: Setup will be active as long as current resistance stops the price (~0.97933) Take Profit: Possible take profit area is last low (~0.97447)

DianKemala DianKemala ETHBTC, 240, Long ,
ETHBTC: ETHBTC
6579 51 123
ETHBTC, 240 Long
ETHBTC

ETHBTC ETHBTC break channel down after bounce from classic support and resistance. We can wait for small retracement at 0.056 to buy this coin, and as long as 0.053 not break down bullish still continue. Target at 0.080 or 0.088 (maximum) note : Remember to use stoploss for this setup, coz meanline still very far at 0.031 (down for -43% from CSR)

D4rkEnergY D4rkEnergY ETHBTC, 1W,
ETHBTC: SHOCKING: BITCOIN will LOSE to ETHEREUM - Here Is Why!
23996 53 425
ETHBTC, 1W
SHOCKING: BITCOIN will LOSE to ETHEREUM - Here Is Why!

Dear beloved Friends <3 D4rkEnergY is back with one if his VERY sharp TA-analysis. I'm working day and night to monitor the market to help you guys to become better at trading and TA, and basically make some money! I have found a really interesting correlation between B.itcoin and E.thereum, which I think, everyone should know about. So let's jump in. We are ...

Algrus Algrus XVGUSDT, 1D, Long ,
XVGUSDT: XVG next target is $0.21
194 0 3
XVGUSDT, 1D Long
XVG next target is $0.21

XVG recently had an amazing move and quickly corrected on the "buy the rumor, sell the news" logic. If you didn't sell the top then don't worry because there will be another opportunity coming up! It looks like the current XVG price trend is creating an upward channel and the recent daily low respected the lower bound of the channel. If XVG were to make another ...

JuanGrooth JuanGrooth GVTETH, D, Long ,
GVTETH: Genesis Vision 600% Potential Profit
1314 3 10
GVTETH, D Long
Genesis Vision 600% Potential Profit

The price of BINANCE:GVTETH is moving inside an ascending channel and has just bounced of the support. Target: 0.1 Stop-loss: below the support

HamadaMark HamadaMark NXSBTC, 1D, Long ,
NXSBTC: Nexus (NXS)
781 3 23
NXSBTC, 1D Long
Nexus (NXS)

Nexus (NXS) still at the bottom already show rebound sign from 0.78 fib level also pull back downtrend of channel Buy at current price 0.00024351 Targets 0.00030227 0.00036397 0.00047855 Stop_loss: 0.00018769 Risk/Reward: 23% / 95% Set Your Own Risk follow capital management we ask Allah reconcile and repay

DylanMorgan DylanMorgan AUDUSD, 1D, Long ,
AUDUSD: Upcoming Reversal Coming on AUDUSD
181 2 7
AUDUSD, 1D Long
Upcoming Reversal Coming on AUDUSD

Currently price is ranging in a reversal channel. We should see a break to the upside in the next week or two.

NXT2017 NXT2017 EURUSD, 60,
EURUSD: EURUSD - Elliott Wave counting forecast for triangle
54 0 3
EURUSD, 60
EURUSD - Elliott Wave counting forecast for triangle

Hi followers, the EURUSD develops a triangle-pattern with a abcde-wave-correction. For every one who think about a ZigZag-wave: ZigZag-Waves starts always with a 5 wave-structure. In this case we found a 3 wave-structure. This is why a ZigZag is impossible.

HamadaMark HamadaMark MTLBTC, 1D, Long ,
MTLBTC: Metal (MTL)
753 0 20
MTLBTC, 1D Long
Metal (MTL)

Buy AT 0.0005076 Targets 0.0005585 0.0006037 0.0006843 0.0008197 Stop_loss:0.0004219 Risk/Reward 17% / 61% Invest:3% We ask Allah reconcile and repay

D4rkEnergY D4rkEnergY NEOBTC, 1D,
NEOBTC: MISSION IMPOSSIBLE: NEO About To Destroy BITCOIN! (NEOBTC)
9573 9 157
NEOBTC, 1D
MISSION IMPOSSIBLE: NEO About To Destroy BITCOIN! (NEOBTC)

Hello Dear Friends <3 We have no time to waste. We are this very moment witnessing a CRAZY battle between NEO and Bitcoin. Let's take a closer look at, what is happening, and maybe we can figure out, which of the coins there will be a better holding. We are now taking a look at the 1D NEOBTC Chart. So NEO had a really nice run in December to the end of January ...

ronfkingswanson ronfkingswanson BTCUSD, 240, Long ,
BTCUSD: Last hope for bulls, hold it up to a mirror, see the reflection
12562 27 168
BTCUSD, 240 Long
Last hope for bulls, hold it up to a mirror, see the reflection

Yes, I know we're still falling. Yes, this 6900 zone might not hold, and I'm publishing this too soon. Yes, it would be better to confirm the bottom and reversal. Don't care. Despite the fussing and whining of some annoying and overly-anal trolls, my charts are not scripture, they're just pretty pictures scribbled by a cranky old cuss. And this one was too pretty ...

D4rkEnergY D4rkEnergY LTCUSD, 1D,
LTCUSD: Litecoin And Classical Charting - No Elliott Waves. Promise!
5996 17 126
LTCUSD, 1D
Litecoin And Classical Charting - No Elliott Waves. Promise!

Hello Dear Friends! :) Today we are gonna look at only classical charting, and try to identify the different patterns. This is an educational chart - I hope you will enjoy it! Let's start from the left: 1. Bear Flag (Steep downtrend, followed by a small consolidation to the upside, and then another steep downtrend) 2. Broadening Ascending wedge (bearish ...

D4rkEnergY D4rkEnergY XVGBTC, 240,
XVGBTC: Will VERGE (XVG) Make That LAST SPIKE and Let Us Earn 15 %?
7397 17 81
XVGBTC, 240
Will VERGE (XVG) Make That LAST SPIKE and Let Us Earn 15 %?

Dear Friends! :) So there has been some pretty bad FA-News about Verge lately, but will it affect the price now or will we be able to make 15 % on this trade? We are looking at the 4h XVGBTC Chart! It's pretty easy to recognize what's going on, and what might happen soon OR Not! We have been in this uptrend channel for a long time. And suddenly after some time ...

D4rkEnergY D4rkEnergY NEOUSD, 240,
NEOUSD: MONEY, MONEY! What The FUD?! Did NEO Just Get Pump'n'Dumped?
17057 44 228
NEOUSD, 240
MONEY, MONEY! What The FUD?! Did NEO Just Get Pump'n'Dumped?

Dear Friends <3 What just happened? Did someone just Pump and Dump NEO right when everyone had their attention on BTC? Are some whales toying with us again!? D4 is panicking!! Ok guys, just kidding! Of course I know what's going on. And as your faithful and loving servant, I can't wait to let you in on it... When you look at the NEO chart you see a sudden pump, ...

HamadaMark HamadaMark CLOAKBTC, 1D, Long ,
CLOAKBTC: CloakCoin
894 16 19
CLOAKBTC, 1D Long
CloakCoin

After breaking the upper trend for channel and closing above 0.00205252 you can buy Targets 0.0023217 0.00251555 0.00291402 0.00350634 Stop_loss:0.00179399 Risk/Reward: 13% / 68% Set Your Own risk Invest:3% Very risky trade we missed dips so follow capital management and wait for buy confirm we ask Allah reconcile and repay

ArminZed ArminZed EURUSD, 1D, Short ,
EURUSD: EURUSD ( Short Term )
416 0 15
EURUSD, 1D Short
EURUSD ( Short Term )

Hi, as you can see there are channel and triangle and is good opportunity to sell Goodluck! :)

BitcoinGuru BitcoinGuru BTCUSD, 1D, Short ,
BTCUSD: Fractal Analysis – The Bitcoin Bear Market to end on July 2018
10186 34 91
BTCUSD, 1D Short
Fractal Analysis – The Bitcoin Bear Market to end on July 2018

Hi everyone, this is Bitcoin Guru. We have a really important update on Bitcoin which we have mainly been following closed doors with our subscribers for the past few weeks. Since our last long-term fractal update, the bull trend failed to confirm after the rising wedge broke down at $11,700 and we started a steep downtrend which made new lows at $8,350 few days ...

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