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Parallel Channel

EURUSD Breaks Channel Resistance — Rally Toward 1.1660 in FocusHello traders! Let’s analyze the current EURUSD market structure. After an extended downtrend within a descending channel, the pair has recently shown the first signs of potential bullish reversal. Throughout the decline, price consistently respected the resistance line of the channel, making lower highs and lower lows. However, buyers have now stepped in strongly near the 1.1500–1.1530 Buyer Zone, which coincides with both the horizontal Support Level and the lower boundary of the previous structure — confirming it as a major demand area. Following a fake breakout below this support, EURUSD quickly recovered, forming a turnaround pattern and breaking above the descending resistance line. This move indicates that sellers are losing control while bullish momentum is gradually building. The pair has now established a short-term ascending structure, where price is developing higher highs and higher lows. Currently, EURUSD is retesting the breakout zone near 1.1580, which acts as dynamic support inside the new bullish channel. As long as the pair holds above this level, the outlook remains constructive, and buyers could push the price higher toward TP1 at 1.1660, which represents a key Resistance Level and former Seller Zone. A confirmed breakout above 1.1660 would reinforce the bullish bias and open the door toward the next resistance area near 1.1720. On the other hand, a rejection from this level might trigger a temporary pullback back to the 1.1580–1.1550 Buyer Zone before a new upward wave emerges. Overall, the structure has shifted from bearish to bullish, with the ascending Support Line now serving as a key level for maintaining the positive outlook. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
15
Ethereum to 6000$ if successfully Breakout this Curve If we look at Ethereum on the daily timeframe, we can clearly see that a curve-shaped pattern is forming — you can also call it a curved trendline. This type of structure usually shows a gradual shift from a slow accumulation phase into a stronger upward trend. If Ethereum manages to break out properly above this curved trendline — with strong volume and a clean retest — then the move can easily extend toward the $6,000 to $7,000 zone. But the key condition here is a confirmed breakout, not just a wick or a temporary spike. A successful breakout of a curved trendline often signals the start of a stronger momentum phase. And if Ethereum breaks out cleanly from this pattern, we can also expect the possibility of an altseason, because Ethereum strength usually boosts mid-caps and low-caps as liquidity rotates into the rest of the market. So the main points are: A curved trendline/curve pattern is developing on the daily chart A clean breakout is required to validate this structure If confirmed, Ethereum has room to run toward $6K–$7K Such a breakout can also trigger a wider altseason across the market Follow me for more useful premium updates for free 🚀🚀🚀
Long
by Traderscorpion
1
XRPUSDT → False breakout of resistance in a weak marketBINANCE:XRPUSDT faces strong resistance and forms a false breakout amid a weak market. Bearish pressure remains high... Bitcoin failed to break through the 106K resistance and returned to the short zone, with the cryptocurrency market, including XRP, reacting with a decline... Overall, the market is in a weak phase and is not yet ready to move into strong growth. Consolidation may continue... False breakout of resistance at 2.5530 amid a weak market. The market has no potential for continued growth, and a reversal pattern is forming, provoking a sell-off... Resistance levels: 2.496 - 2.553 Support levels: 2.376, 2.24 A retest of the local base at 2.5 is possible before the decline continues. As part of the current movement, the market may test 2.37, but if the bulls fail to hold this zone, the coin may drop to 2.24. Best regards, R. Linda!
Short
by RLinda
5
#ZECUSDT #4h (ByBit) Ascending channel on resistance [SHORT]Zcash just printed a shooting star and entered overbought territory again. It seems likely to finally retrace down towards 50MA support, short-term. ⚡️⚡️ #ZEC/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (3.0X) Amount: 4.4% Current Price: 684.73 Entry Targets: 1) 694.97 Take-Profit Targets: 1) 484.39 Stop Targets: 1) 800.52 Published By: @Zblaba CRYPTOCAP:ZEC BYBIT:ZECUSDT.P #4h #Privacy #ZK z.cash Risk/Reward= 1:2.0 Expected Profit= +90.9% Possible Loss= -45.6% Estimated Gaintime= 1 week
Short
by TradingOn
9
AUDNZD Rally Losing Steam – Watch This Reversal Zone!As we’ve seen, AUDNZD ( OANDA:AUDNZD ) recently began an upward move after forming a Falling Wedge Pattern , and it’s been in an Ascending Channel for about the past 16 days. Currently, AUDNZD is moving into a Heavy Resistance zone(1.1662 NZD-1.1340 NZD) and a Potential Reversal Zone(PRZ) . From an Elliott Wave perspective, it seems like AUDNZD is completing the microwave 5 of the main wave 3 . Once it breaks below the lower line of the ascending channel, we can somewhat confirm the end of the main wave 3. Additionally, we can see a Negative Regular Divergence(RD-) forming between two consecutive peaks. I expect that in the coming hours, AUDNZD might decline at least to the Support zone(1.1480 NZD-1.1444 NZD) . If it breaks that Support zone, we could see it dropping toward around 1.1353 NZD(Second Target) . Stop Loss(SL): 1.16403 NZD Please respect each other's ideas and express them politely if you agree or disagree. Australian Dollar/New Zealand Dollar Analyze (AUDNZD), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
5
BTCUSD Long: Rebound From Demand Line Targets $104K ResistanceHello traders! Bitcoin (BTCUSD) continues to trade within a well-defined structure, showing a gradual transition from a bearish phase toward potential accumulation. After an extended decline inside the Descending Channel, the market found strong support around the $100,600–$101,000 Demand Zone, where a fake breakout occurred — signaling liquidity grabs and renewed buyer interest. This zone has acted as a major reaction area multiple times, marking it as a key demand region. Following the rebound from this level, BTCUSD formed a Pivot Point near $101,200, initiating a mild bullish recovery along the Demand Line, which now serves as dynamic support. However, price remains capped below the $104,000 Supply Zone, an area that aligns with both the upper boundary of the current Range and the previous Fibonacci Arc retracement, where sellers previously re-entered the market. Currently, Bitcoin is consolidating between $101,200 support and $104,000 resistance, reflecting indecision before a potential breakout. If buyers manage to defend the Demand Line and reclaim $103,000, a move toward $104,000 and possibly higher could follow, completing the short-term recovery phase. Conversely, a confirmed breakdown below $101,000 would invalidate the bullish scenario, likely driving price back toward the $100,000–$99,600 zone for another liquidity test. I expect the current structure suggests Bitcoin is in a neutral-to-bullish phase, with attention focused on how price reacts around the Demand Line and Range boundaries. A strong rebound from current levels could trigger the next leg toward $104,000 resistance. Manage your risk!
BINANCE:BTCUSDLong
by heniitrading
10
GOLD → Correction and retest 4150 FX:XAUUSD still retains its bullish structure. The price is entering a correction phase within the trading range. The key support level that may attract the attention of MM is 4150. The probability of a decline in December fell to 51% (from 63% the day before) after hawkish statements by Fed officials. Government bond yields are rising. These factors are putting pressure on gold. However, a weak dollar, a flight to safe assets amid global market sell-offs, and uncertainty surrounding US data (September reports may be published, but October data is likely to be lost) are providing support for the bullish trend. Gold retains its growth potential due to macro risks. A short-term correction is possible due to profit-taking ahead of the weekend, but the $4150 level remains key support. Resistance levels: 4211, 4239 Support levels: 4161, 4150, 4100 Within the current trading range, the focus is on support at 4161 - 4148. A false breakdown and bulls holding prices above key levels could trigger a rebound and growth to local resistance levels... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
12
EURUSD → Correction for consolidation before growth FX:EURUSD is in a “liquidity hunt” phase, testing an intermediate support level, and may continue to rise if the dollar's decline intensifies... On the daily timeframe, the price is within a wide trading range, but at the same time, it is breaking through the resistance of the local downtrend, which allows us to observe bullish sentiment in the market. The trend is changing, and there are local confirmations of the presence of bulls in the market... Without reaching the resistance level of the range, the price is consolidating and correcting, testing the key support level of 1.1618. If the bulls hold this area, the price will continue to rise to 1.1667 - 1.1728. Support levels: 1.1618, 1.1577 Resistance levels: 1.1667, 1.1728 A false breakdown and price consolidation above 1.1618 could lead to a continuation of the bullish momentum and the achievement of the first key target of 1.1667. Best regards, R. Linda!
Long
by RLinda
5
XAUUSD Retests Resistance — Pullback Toward $4,060 SupportHello traders! Let’s take a look at XAUUSD (Gold). After a prolonged bullish movement within a well-defined ascending channel, price reached a significant Resistance Level near $4,200, where sellers stepped in to regain control. This resistance coincides with the upper boundary of a descending resistance line, confirming its importance as a reaction area. Following this rejection, Gold experienced a sharp correction, forming a Range structure near the top before breaking below it — marking a shift in short-term sentiment. The breakout from this range confirmed the beginning of a downward phase, where price continued to move inside a new descending pattern. Currently, XAUUSD is testing the resistance line once again after a breakout retest from below. This area aligns with a former pivot zone where several reversals occurred in the past. The overall structure suggests that buyers are losing momentum, while sellers are preparing to defend this key zone. As long as price remains below the $4,160–$4,200 resistance, a corrective pullback toward the $4,060 Support Level (TP1) looks likely. This area also aligns with the ascending support line, which may act as the next major decision point. A clean break below $4,060 could extend the decline toward the $3,950–$3,970 zone, while a confirmed breakout above $4,200 would invalidate the short scenario and potentially trigger another bullish continuation phase. Please share this idea with your friends and click Boost 🚀
THINKMARKETS:XAUUSDShort
by LegionQ8
18
Dogecoin (DOGE/USD) Technical Analysis – Monthly ChartStructure: Long-term ascending channel since 2021. Currently trading near the 50-month SMA (~$0.14) — a key support level that has held multiple times. Bullish Scenario If DOGE holds above $0.14–$0.16 and confirms a monthly close above $0.18, momentum could push it higher within the channel. Targets: • Target 1: $0.30 • Target 2: $0.38 • Target 3 (major resistance): $0.50 Stop Loss: Below $0.13 (monthly close) Bearish Scenario If DOGE breaks and closes below $0.14, the long-term uptrend channel weakens. A deeper correction could follow. Downside Targets: • Target 1: $0.10 (channel bottom) • Target 2: $0.06 (major psychological support) Stop Loss for shorts: Above $0.19 (monthly close)
CRYPTO:DOGEUSDLong
by isahebdadi
1
HUT is approaching a make-or-break zone on the chartHut 8 NASDAQ:HUT is approaching a make-or-break zone on the chart. A clear double top has formed at the upper channel, and price has now fallen back to retest the neckline. This level needs to hold if the larger trend is going to stay intact. A failure here could trigger a move toward the lower channel support near 26.35, where the broader structure would get its next real test. If buyers step in and defend this neckline, momentum can shift back in their favor. If not, the chart may need a deeper reset before any real recovery begins.
NASDAQ:HUTShort
by ledgerdary
$TSLA double top neckline breakoutNASDAQ:TSLA double top neckline gave way, could be sending price toward the 𝗺𝗮𝗷𝗼𝗿 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝘇𝗼𝗻𝗲 𝘀𝗶𝘁𝘁𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝟯𝟱𝟬–𝟯𝟳𝟬 𝗿𝗮𝗻𝗴𝗲. That area has been a key battleground, and it’s where bulls will need to dig in if they want to stop the slide. Until that support is tested, this chart is telling a story of weakness after a failed attempt to push higher. If the support zone holds, the reversal could be powerful. If it doesn’t, the next chapter could get rough.
NASDAQ:TSLAShort
by ledgerdary
$TSLA could be pulling back right into 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 NASDAQ:TSLA could be pulling back right into a major 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝘇𝗼𝗻𝗲 𝗼𝗻 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸𝗹𝘆 𝗰𝗵𝗮𝗿𝘁 𝗮𝗿𝗼𝘂𝗻𝗱 $𝟯𝟴𝟬. This is the kind of retest that often decides the next chapter. Hold this level, and the structure stays intact with room to rebuild momentum. 𝗟𝗼𝘀𝗲 𝗶𝘁, 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗱𝗼𝗼𝗿 𝗼𝗽𝗲𝗻𝘀 𝘁𝗼𝘄𝗮𝗿𝗱 𝘁𝗵𝗲 𝗹𝗼𝘄𝗲𝗿 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝗻𝗲𝗮𝗿 𝟯𝟭𝟱.
NASDAQ:TSLA
by ledgerdary
UNI SWAPHello friends As you know and the news has spread, UNI has grown well, which indicates the arrival of buyers. Now that the price is correcting, we have two scenarios: The first scenario is that the price breaks the specified channel from here and moves to the specified targets. The second scenario is that the price corrects further, which is also better because you can buy at lower prices. Please note that our suggestion is to buy a ladder with capital and risk management and be careful to observe capital management and not act emotionally. *Trade safely with us*
Long
by TheHunters_Company
NEAR OR FARHello friends NEAR After the price compression in the channel, you will see that the channel has been broken and pumped with great force and the price has returned to the specified level. Now, we need to see how the buyers react in the specified support levels. That is why we have set the support levels and if the price is supported by these levels, it can move to the targets we have set. Be sure to observe risk and capital management and buy in stages. *Trade safely with us*
Long
by TheHunters_Company
𝗤𝘂𝗮𝗻𝘁𝘂𝗺 𝗖𝗼𝗺𝗽𝘂𝘁𝗶𝗻𝗴 𝗜𝗻𝗰. Breakdown of channel𝗤𝘂𝗮𝗻𝘁𝘂𝗺 𝗖𝗼𝗺𝗽𝘂𝘁𝗶𝗻𝗴 𝗜𝗻𝗰. NASDAQ:QUBT is at a pivotal moment on the daily chart. After months of steady movement inside a clean ascending channel, price has now broken down from the structure and is sliding toward major support levels. 𝗧𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝗸𝗲𝘆 𝘇𝗼𝗻𝗲 𝘀𝗶𝘁𝘀 𝗮𝗿𝗼𝘂𝗻𝗱 𝟵.𝟭𝟱. If that area gives way, the next 𝗱𝗲𝗲𝗽𝗲𝗿 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝗰𝗼𝗺𝗲𝘀 𝗶𝗻 𝗻𝗲𝗮𝗿 𝟲.𝟬𝟰.
NASDAQ:QUBTShort
by ledgerdary
IREN is breaking down of the channel.After months of climbing inside a clean ascending channel, price has now broken down from that structure and is pulling back toward the 𝗯𝗿𝗲𝗮𝗸𝗼𝘂𝘁 𝘇𝗼𝗻𝗲 𝗮𝗿𝗼𝘂𝗻𝗱 $𝟱𝟱.𝟳𝟬. If the decline continues, the 𝗻𝗲𝘅𝘁 𝗺𝗮𝗷𝗼𝗿 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝘀𝗶𝘁𝘀 𝗻𝗲𝗮𝗿 $𝟰𝟵, a level that could act as the reset point before momentum attempts to rebuild.
NASDAQ:IRENShort
by ledgerdary
Opendoor Technologies breakout of descending channelOpendoor Technologies NASDAQ:OPEN is putting together one of the cleanest daily setups on the chart right now. Price just broke out of a falling channel and reclaimed the mid-range trendline inside a larger ascending channel that has been guiding this entire move since summer. The next major level sits near the upper channel resistance around 13.47. A push into that zone would confirm the breakout and keep momentum firmly on track. If buyers keep control, this could shape up to be something truly Ledgerdary.
NASDAQ:OPENLong
by ledgerdary