Get started

Parallel Channel

BTCUSD Short: Targeting Channel Support at 107800Hello, traders! The price auction for BTCUSD has been clearly contained within a descending channel for an extended period. This bearish structure was established by key pivot points that defined the upper supply zone near 117350 and the lower demand territory. Since the formation of this channel, every rally attempt has been met with significant selling pressure from the supply line, consistently confirming that sellers are in control of the dominant trend. At present, the price has completed another impulsive move downwards within this structure. BTCUSD is now trading at a critical juncture, directly testing the major horizontal demand level at 111000. The market is currently pausing at this support, which represents the upper boundary of the wider 111000 - 110300 demand area, a key battleground for market participants. The working hypothesis is a short continuation scenario. It is anticipated that after a brief dip into the demand area, a minor corrective bounce may occur. However, this rally is expected to fail, with sellers reasserting control. This failure would confirm that the bearish momentum remains dominant, setting the stage for the next leg down. The take-profit is therefore set at 107800 points, targeting the lower demand line of the channel. Manage your risk!
BINANCE:BTCUSDShort
by heniitrading
2
XAUUSD: Gold's Tightly Wound TriangleOn the daily timeframe, Gold (XAUUSD) is currently consolidating within a well-defined symmetrical triangle pattern, indicative of a period of indecision and tightening price action. This formation suggests that a significant directional move is likely on the horizon. Symmetrical Triangle Formation: Price action is confined within a symmetrical triangle, characterized by converging upper and lower trendlines. This pattern typically precedes a breakout in either direction. Key Resistance Level: The immediate overhead resistance is identified around the 3450 mark. This area aligns with the upper boundary of the triangle and represents a critical zone of supply where liquidity is likely resting. A decisive break above this level would signal a strong bullish impulse. Crucial Support Zone: On the downside, strong support is established at 3250. This zone corresponds with the lower boundary of the triangle and is expected to attract demand. A breakdown below this level would indicate a shift towards a bearish trend. Anticipating Volatility: As the price continues to coil within this triangle, volatility is expected to increase as we approach the apex. Be prepared for an impulsive move once a clear breakout or breakdown occurs from these boundaries. Strategic Outlook: The current price action suggests a wait-and-see approach until Gold definitively breaks out of this consolidation pattern. The direction of this break will be pivotal for establishing the next major trend. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
FOREXCOM:XAUUSDLong
by ManiMarkets
BTCUSDT: Descending Channel DominanceBitcoin's Bearish Bias: Critical Levels in Focus On the 4-hour timeframe, Bitcoin's price action is firmly entrenched within a descending channel, clearly indicating a sustained bearish momentum. My analysis highlights several key levels that will dictate its immediate trajectory: Current Market Structure: Bitcoin is clearly trending within a descending channel on the 4-hour timeframe, underscoring the prevailing bearish momentum. Resistance Awaiting Retest: Price action suggests a potential retest of the Confluence Resistance around 115,000$, which aligns with the upper boundary of this bearish channel, an area that has previously faced rejection. Crucial Support Zone: The immediate critical support zone is identified around 110,500$. A decisive breakdown below this level would strongly confirm continued bearish pressure. Projected Downside Targets: 110,500$ & next significant Confluence Support at 107,500$, followed by the Strong Support level at 105,000$, which also defines the lower bound of the descending channel. Overall Outlook: The technical setup points towards a high probability of further downside continuation after any potential retest of overhead resistance within the established bearish channel. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
Short
by ManiMarkets
BITCOIN → Market potential change. Chance for growth to 125K...BINANCE:BTCUSDT , after a false breakdown of support, which we had been preparing for in my last idea, with the support of dovish hints from Powell, soared from 112K to 117K. What's next??? After Powell's speech and the shift in the fundamental background to positive, BTC broke the local bearish structure, forming a rally to 117K. The market exhausted its potential and, against the backdrop of the approaching weekend and a decline in liquidity, entered a correction phase. However, the relatively positive fundamental background should be taken into account when making further decisions. Lower interest rates could support the market... Technically, after retesting the 112K zone and forming a false breakdown, Bitcoin changed market sentiment. The capture of liquidity and the breakdown of the local downward structure changes the technical situation in favor of buyers. Potential areas of interest could be 117.8, 120.27, and 125K Resistance levels: 117K, 117.86K, 120.27K Support levels: 114.6K, 111.9K If, during the correction, the bulls manage to keep the price above the upper limit of the local trading range, i.e. above the downward channel and above the 114.600 zone, then interest in buying may increase. The market has the potential to test the resistance of the global trading range... Best regards, R. Linda!
Long
by RLinda
35
ETHUSDT (15M) – Buying Zone Reaction Structure | Trend | Key Reaction Zones ETH formed a Head & Shoulders (Bearish Pattern) ⚠️ near the channel top. Strong drop followed from 4955 → Buying Zone (4740–4780) 💰. Accumulation phase within the ascending channel is still intact. Market Overview Despite the bearish rejection at the channel top, ETH is now testing its buying zone, which could trigger a bounce. If buyers hold this zone, ETH may attempt another push upward. Breakdown of the buying zone may lead to deeper correction toward 4664 Add Layer Support 🛡️. Key Scenarios Bullish Case 🚀 Holding above 4740–4780 → 🎯 Target 1: 4887 🎯 Target 2: 4950–4960 (Channel Top) Bearish Case 🔻 If ETH breaks below 4740 → 🎯 Target: 4664 Add Layer Support Current Levels to Watch Resistance: 4887 → 4950 Support: 4740 → 4664 ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
BITSTAMP:ETHUSDLong
by PEAKALPHAFXMARKETS
Will Ethereum and Altcoins Continue to Grow?Hello friends You see the Bitcoin to Ethereum chart. You may be wondering what caused Ethereum to grow. I should tell you that this chart shows us what happened. The price is in a downtrend, which indicates a money movement (from Bitcoin to Ethereum). When you see that after 3 hits to support, the price has managed to break the support and the price has fallen and formed a downward channel, which could indicate that Ethereum's growth is continuing. So now we have identified the support areas for you using Fibonacci, based on the price range that has formed. The price is now at an important support area, as you can see, we had a bullish reaction when we hit the support area, but the price reversed due to the strength of the downtrend... Now, if the support area breaks, the price can move lower to the specified targets. Keep in mind that if the price grows, the upper support areas that were broken now become resistance and the price must be able to break them for our trend to be bullish, but as long as the price is down, the upward trend of Ethereum will continue and the upward trend of Ethereum will also make the altcoins bullish... *Trade safely with us*
Short
by TheHunters_Company
1
USDJPY - Bulls Loading at the Golden Zone?USDJPY has been overall bullish 📈 , trading inside a rising channel after bouncing from the April lows. Recently, price rejected the weekly resistance zone (~152.000) and is now approaching the daily support zone (~146.000 – 144.000). This support area also lines up with the lower bound of the channel 🔵, making it a potential launchpad for the next bullish impulse 🚀. If buyers step in here, we could see a rebound toward the upper blue trendline, while a confirmed break below support would flip the outlook bearish. In Brief: - Trend: Overall bullish 📈 - Key Levels: 146.000 – 144.000 support | 152.000 resistance - Plan: Look for long setups near support ✅ 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TheSignalyst
2
ETH 1H Analysis – Key Triggers Ahead | Day 1💀 Hey , how's it going ? Come over here — Satoshi got something for you ! ⏰ We’re analyzing BTC on the 4-hour timeframe timeframe . 👀 On the 1-hour timeframe of Ethereum, we can see that it had a descending channel. It faked out once at the bottom of the channel and then ranged at the top of the channel. Before the Jackson Hole event, it broke out of the channel, and with the Jackson Hole event, it pumped. The price jump Ethereum experienced was remarkable. That’s why we couldn’t open a position on Ethereum . ⚙️ The key zone at 70 can be a good volatility level for long trades, and the key zone at 50 can be a volatility level for short trades . 🕯 Looking at the candle sizes, during the Jackson Hole event the green candles became bigger, and excellent volume entered Ethereum during this event . 🪙 Ethereum to Bitcoin pair , we can see that with breaking the marked zone, Ethereum compared to Bitcoin can gain more value and move upwards again . 🔔 Ethereum alarm zone for long positions is $4800. For short positions, it’s better not to set an alarm because the trend is bullish. The pair against Bitcoin is also bullish, and Tether dominance has faced a heavy rejection from its top . ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
Long
by CryptosWinter
Last and Best Buy spot is here near 0.2299$ ---soon---> 0.5000$I should start with this sentence now after years for BINANCE:DOGEUSDT : "Doge to the moon". It is one of the last chance for DOGE to pump here and now after years of Range if it get back below 0.2$ once again the market is dead and range again so now and here i am looking for those daily +30% pump and gain to the targets like 0.4$ & 0.5$. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Long
by MMBTtrader
15
GOLD → Consolidation and news. What are the chances for growth?FX:XAUUSD is consolidating in a symmetrical triangle pattern. Market uncertainty remains high. The global trend is bullish, while the local trend is neutral. What can we expect from gold? Gold is falling ahead of Powell's speech in Jackson Hole. The dollar is strengthening on strong US economic data (housing sales and PMI growth), which reduces the likelihood of an early easing of Fed policy. Key factors: Powell may confirm a cautious approach to rate cuts. The probability of a rate cut in September has fallen to 75%. The rise of the dollar as a “safe haven” is putting pressure on gold Scenarios after the speech: Hawkish tone from Powell → dollar rises → gold falls below $3300. Soft signal → dollar correction → gold recovery Technically , the gold casino continues and it is difficult to determine in advance which way the symmetrical triangle will break, but if we bet on a bullish trend and the likelihood of an imminent interest rate cut, the most likely scenario is a rebound from the support zone followed by a breakout of resistance and a rise to local levels Resistance levels: 3350, 3358, 3370 Support levels: 3323, 3320, 3315 A false breakout of the key support level, which is being defended quite aggressively by the bulls, could trigger an active recovery phase. However, it is important to keep an eye on Powell's speech, as well as Trump's, who will also be commenting this afternoon. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
10
BITCOIN → Retest 112K - 110K before growthBINANCE:BTCUSDT.P is stuck within the trading range of 112K - 123K. The false breakout of the ATH ended with a reversal of the local trend and a bearish distribution phase, which may target the liquidity zone at 112 - 110K. The market remains bullish, with no fundamental changes for the cryptocurrency market and the situation remaining positive. Technically, we are seeing a countertrend correction within the bullish trend. Bitcoin is in a distribution phase. A local downward trend is forming, directed towards the zone of interest 112 - 110K. After a local upward correction, the downward movement may continue due to an imbalance of forces and a high level of profit-taking. Globally, on D1-W1, Bitcoin is within a neutral trading range within a bullish trend. A retest of the liquidity zone of 112K-110K may end with a long squeeze and a fairly aggressive reaction from buyers, but this can only be judged after the fact, following a retest of the specified zone. Resistance levels: 114.600, 115680, 117000 Support levels: 111910, 110400 The downward movement is purposefully heading towards the zone of interest. Earlier, in early August, the market tested the specified level (previous ATH), but technically did not reach the liquidity zones. There is a fairly high chance of a retest of 112 - 110K before the market attempts to grow. Best regards, R. Linda!
Long
by RLinda
9
ES primed for BIG end of month runAnalysis of the Fractal Pattern: The analysis identifies two similar sequences of price movement, highlighted by colored arrows and boxed sections: 1. Initial Pattern (Left Side): ◦ Yellow Arrow (Support): The first fractal begins with a bounce from a lower trendline within the main channel. ◦ White Arrow (Resistance): Price then rallies to an intermediate high, where it faces rejection. ◦ Blue Arrow (Higher Low): Following the rejection, the price pulls back but establishes a higher low, finding strong support at the bottom trendline of the main ascending channel. This higher low is a critical bullish signal, indicating that buyers are stepping in at progressively higher prices. 2. Repeating Pattern (Right Side): ◦ Yellow Arrow (Support): The second, more recent pattern mirrors the first, starting with a bounce from an intermediate support level. ◦ White Arrow (Resistance): Price rallies towards the “Mth & 3 Mth VAH” (Monthly and 3-Month Value Area High) at approximately 6,499.75, where it is initially rejected. ◦ Blue Arrow (Higher Low): Similar to the first instance, the price then pulls back to the main channel’s lower trendline, forming another significant higher low around the 6,335.25 level before launching a strong upward impulse. Key Observations and Outlook: • Ascending Channel: The price is respecting the boundaries of the ascending channel, which currently defines the uptrend. The lower trendline acts as dynamic support, while the upper trendline represents potential resistance. • Breakout and Target: After completing the second fractal with a strong bounce (blue arrow), the price successfully broke above the key resistance level at the Monthly & 3-Month VAH (6,499.75). • Current Price Action: The price is now approaching the upper boundary of the ascending channel. The most recent candle shows a bearish rejection at this level (indicated by the pink arrow), suggesting this trendline is acting as formidable resistance. Potential Scenarios: • Bullish Continuation: If the fractal continues to play out, a period of consolidation or a minor pullback might occur before another attempt to break the upper channel trendline. A confirmed breakout above this channel would signal a significant acceleration of the uptrend. • Bearish Reversal (Short-Term): The rejection at the top of the channel (pink arrow) could lead to a pullback. Key support levels to watch would be the recent breakout level at 6,499.75 and, subsequently, the channel’s midpoint. A break below the main channel’s lower trendline would invalidate this bullish structure. Disclaimer: This commentary is for informational purposes only and does not constitute financial advice. Trading financial markets involves significant risk.
CME_MINI:ES1!Long
by Blockbullder
Common Patterns, Win Up to 80% ? Hello everyone, if you're struggling to identify price zones, entry points, or simply want to predict the trend of any currency pair, then this article is for you. Continuing from the previous section, today we’ll cover some popular bearish reversal patterns. These patterns have been tested and trusted by many traders, and they can increase the probability of winning for any currency pair up to 80%. Let's get started: First pattern: DOUBLE TOP The double top pattern is a highly bearish pattern, formed after the price hits a high twice consecutively. Once support is confirmed to be broken, we can make a decision to sell. Second pattern: DESCENDING TRIANGLE The descending triangle is a bearish pattern characterized by a downward-sloping upper trendline and a flat lower trendline that acts as support. This pattern indicates that the sellers are more aggressive than the buyers, as the price continues to form lower highs. The pattern is complete when the price breaks out of the triangle in the direction of the prevailing trend. 3. HEAD AND SHOULDERS This is a specific chart pattern that predicts a change from an uptrend to a downtrend. The pattern appears as a baseline with three peaks, where the two outer peaks are of nearly equal height, and the middle peak is the highest. The head and shoulders pattern is considered one of the most reliable trend reversal patterns . 4. PRICE CHANNEL The term "price channel" refers to a signal that appears on the chart when the price of a currency pair is bounded between two parallel lines. Price channel patterns are quite useful for identifying breakouts, which occur when the price moves beyond either the upper or lower trendline of the channel. Traders can sell when the price approaches the upper trendline of the price channel and buy when the price tests the lower trendline. 5.TRIPLE TOP REVERSE The Triple Top pattern typically signals a reversal from an uptrend to a downtrend. Similar to the Double Top pattern, the Triple Top can occur on any timeframe, but for it to be considered a valid Triple Top, it must occur after an uptrend. And those are some common bearish patterns. Remember to keep them in mind and apply them regularly. You’ll definitely succeed. If you’ve understood all the patterns, don’t forget to like the post🚀. If you need any explanations about anything, feel free to leave a comment below. 👇 The next sections will definitely be even more exciting, so stay tuned for the upcoming guides. Good luck!
OANDA:XAUUSDEducation
by Kevinn_Nguyen
13
GOLD - false breakdown of support before bullish runGold on the chart is forming a bullish pattern: consolidation in the form of a bearish wedge forming on an uptrend. There is a high probability of a breakout from the support level of 3320-3310. The market has a lot of upside potential, as the price has been consolidating for a long time. Below is a fairly strong support zone that is capable of holding the price. However, there is one caveat: in a few hours, Powell's speech and unpredictable data could destroy the structure, in which case gold could fall to 3300-3328.
FX:XAUUSDLong
by AndeWave
9
EURUSD Testing 1.16650 in Descending Channel as DXY Holds 98.100Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.16650 zone, EURUSD continues to trade inside a descending channel, with price correcting upward toward 1.16650, a key resistance zone aligned with channel structure. At the same time, the U.S. Dollar Index (DXY) remains in an uptrend and is approaching 98.100 support. With recent inflation readings running high, markets may expect a more hawkish Federal Reserve, which could support further USD strength. Monitoring how EURUSD reacts near 1.16650 in relation to DXY’s price behavior to gauge whether bearish momentum will resume or consolidation will continue. Trade safe, Joe.
Short
by JoeChampion
11
BTCUSD Long Thesis: Awaiting Reversal for a Target of 118000Hello, traders! The market structure for BTCUSD was redefined by a reversal from the prior descending channel. A bullish initiative from the pivot point low near 112000 shifted the balance of power, with the subsequent impulse creating a new high at the 122500 supply zone. This action set the boundaries for the current consolidation phase. Currently, BTC is consolidating within a large symmetrical triangle, a pattern of contracting volatility. The price auction is being squeezed between the descending supply line and the ascending demand line. The market is now at a critical juncture, testing the integrity of the horizontal demand zone around 113000, the primary area of control for buyers. The working hypothesis is a long scenario based on a potential liquidity grab. It is anticipated that the price may briefly dip into the 113000 - 112000 demand zone before a sharp bullish reversal. A swift reclaim of the 113000 level would be the key confirmation. Such a reversal is expected to initiate a full rotation towards the upper boundary, with the take-profit set at 118500, a logical target representing a significant area of prior price interaction. Manage your risk!
BINANCE:BTCUSDLong
by heniitrading
5