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Parallel Channel

Unlocking the Power of Ascending Triangles in Bitcoin Trading!Hello everyone! 👋 In this analysis, we will explore a popular technical pattern in Bitcoin trading called the Ascending Triangle 🔺 . This is a useful tool that helps us identify potential trading opportunities, especially when the market is in a consolidation phase. Let's dive deeper! 🚀 1. Ascending Triangle Pattern 📊 An Ascending Triangle forms when the price consistently creates higher lows but faces resistance at a fixed price level. This indicates that buyers are in control, but the market needs a strong push to break through the resistance. 2. How to Identify and Read the Pattern 🔍 Higher Lows : In an ascending triangle, the price's successive lows create rising support levels. This shows increasing buying pressure and indicates that the price can’t drop below the established support. 📈 Horizontal Resistance: The resistance level is the area where the price fails to break through for an extended period, creating a horizontal line. For Bitcoin, the current resistance level is 113,000 USD. 🚧 3. Trading Strategy 💡 Wait for a breakout: This pattern typically leads to a breakout when the price exceeds the resistance level. However, it’s crucial not to enter the trade immediately when the price approaches resistance. You should wait for confirmation when the price breaks through the resistance and is followed by a strong candlestick. 🕯️ Enter after confirmation: When the price surpasses the resistance with high volume and a strong candlestick, that’s the ideal time to enter a buy position. This reduces risk when trading. ✔️ 4. Support and Resistance Levels 🔄 Resistance: The current resistance at 113,000 USD is critical. If the price breaks this level, we can expect a strong bullish movement. 💥 Support: If the price fails to break through the resistance, keep an eye on support levels like 110,000 USD or lower. When the price returns to these levels, look for signs of a recovery to find a potential buying opportunity. 💪 5. Risk Management ⚖️ Use Stop-Loss: To protect your capital, place a Stop-Loss below the nearest support level. This helps minimize risk if the price doesn’t move as expected. 🔒 Reasonable Profit Target: Set your profit target at the next resistance levels, such as 113,000 USD, 115,000 USD, and even 120,000 USD, which is currently in focus. Always control the risk-to-reward ratio in every trade. 🎯 6. Conclusion 🎓 The Ascending Triangle pattern is a powerful tool for identifying trading opportunities. However, it’s important not to rush into a trade but to wait for confirmation from the market before making a decision. Always remember to manage risk appropriately and follow your trading strategies. Now, it’s your turn to apply this knowledge in practice. Please like this post if you’ve understood everything and are looking forward to the upcoming lessons—it will be a huge motivation for me. 👍 Wishing you all the best on your journey to becoming an expert! 🌟 Trade safely! 🛡️
BITSTAMP:BTCUSDLong
by Kenn_Nguyen
8
EURJPY: Test of Critical Demand Zone 🇪🇺🇯🇵 EURJPY is stuck on a major daily horizontal demand zone. A recent breakout of a resistance line of a falling parallel channel on an hourly time frame indicates an intraday strength of the buyers. I will expect a pullback at least to 173.0 level. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
2
EURNZD Wave Analysis – 9 September 2025 - EURNZD broke daily up channel - Likely to fall to support level 1.9660 EURNZD currency pair recently reversed down from the resistance area between the round resistance level 2.0000 (former powerful resistance from April) and the upper daily Bollinger Band. The downward reversal from this resistance area started active short-term impulse wave c, which then broke the daily up channel from July. EURNZD currency pair can be expected to fall toward the next support level 1.9660 (former resistance from July and the start of August).
Short
by FxPro
TAO triple 1,2 impulse to the upside!Super bullish pattern forming in this bullish scenario on TAO. HTF 1,2 in black finished with a deep retracement. Second 1,2 in light blue finished with a retracement to the 0.5. The third micro 1,2 in green finished with a deep retracement to .886 Fib. Since then we chopped around the bottom with our LTF lower degree 1,2 structures to form the base of the extended wave 3 thats coming (or here now!). It could be counted as such that this wave 3 has already formed its own double 1,2 structure which gives more confluence to a massive rally. Several alts are showing similar patterns. Is alt season yet? xD Happy Trading
Long
by Fractical
BONK | Good EntryBONK presents a compelling bullish setup on the daily timeframe. The chart shows several positive technical developments: Key Bullish Signals: Currently trading above key moving averages, indicating momentum shift Strong bounce from the lower support zone around 0.000017 Volume confirmation supports the breakout move Entry Strategy: Current levels offer a good entry opportunity around 0.000024 Alternative entry on any pullback to the green trendline support Price Targets: 1st Target: 0.000035 (previous resistance zone) 2nd Target: 0.000040+ (upper resistance area marked in red) Risk Management: Stop loss below 0.000020 to protect against false breakout The projected path (pink arrow) suggests potential for significant upside The technical structure indicates BONK has completed its consolidation phase and could be entering a new bullish cycle. The risk-to-reward ratio appears favorable for long positions, though traders should manage position sizes appropriately given the volatile nature of meme coins.
Long
by taika808
Bitcoin will exit from pennant and continue to growHello traders, I want share with you my opinion about Bitcoin. The market for Bitcoin has been undergoing a lengthy corrective phase, with the price action methodically descending since its last major peak. This bearish price action has been contained within a large downward pennant, a classic reversal pattern that suggests the preceding downtrend is losing momentum as volatility contracts. The price for BTC has been squeezed between the descending resistance line and an ascending support line. Currently, the asset is at a critical inflection point, as it is directly testing this ascending support line after a recent rejection from the upper boundary of the pattern. The primary working hypothesis is a long scenario, predicated on a bullish resolution from this dynamic support. The expectation is that buyers will defend this ascending support line, initiating a powerful rebound that is strong enough to cause a breakout above the pennant's main resistance line. This would signal a reversal of the recent downtrend. Therefore, the TP is logically placed at 115000 points, a prudent intermediate target aiming for a key area of prior price consolidation. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
25
GOLD → As prices continue to rise, so do the risks...FX:XAUUSD continues to rise, setting new highs. New ATH 3659. Focus on current consolidation, as the structure remains bullish... Gold hit a new record high, surpassing $3,650, amid a weakening dollar and growing expectations of aggressive Fed policy easing. However, overbought conditions and profit-taking risks may limit further growth. The USD is at 7-week lows due to fears of stagflation and deteriorating employment data. The probability of a rate cut on September 17 is 89.4% (25 bps), with a chance of 50 bps. Markets are expecting more than two cuts in 2024. Risks for gold: “Sell the fact”: If the NFP revision turns out to be weak (as expected), investors may start to take profits. Technically, gold remains bullish, but a near-term correction is likely due to technical factors and a possible reaction to the data. The long-term trend remains bullish thanks to a weak USD and the Fed's dovish policy. Resistance levels: 3657, 3675, 3700 Support levels: 3636, 3628, 3620 Gold is consolidating. At the moment, the fundamental background is stable, and no news is expected today except for those that are impossible to predict (comments, rumors, etc.). Before further growth, gold may test the support area and the liquidity hidden behind it. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
20
GOLD → Strong bullish trend. What are the targets?FX:XAUUSD continues to rally on positive fundamentals that emerged at the end of last week. The market is pricing in an almost 100% cut in interest rates, which is weakening the dollar and supporting the metal... Gold is holding close to its record high of $3,600 after extremely weak US employment data for August. This has reinforced expectations of a 25 bp Fed rate cut this month. This week, attention is focused on the release of US inflation data (CPI and PPI). Inflation data in the US will confirm or adjust expectations for Fed policy easing. If inflation remains high, this could delay aggressive rate cuts and cause a correction in gold. For now, the bullish trend continues. Resistance levels: 3615, 3634, 3650 Support levels: 3600, 3578 Technically, a strong bullish trend. Growth may continue after price consolidation above 3614-3615 or after a slight correction to support at 3600 relative to the current local rally. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
38
SOLUSDT → Consolidation before the rally. New high?BINANCE:SOLUSDT continues to form a bullish trend without reacting to market noise. The price is consolidating before a possible rise. Focus on the trigger... Bitcoin previously overcame correction resistance and is consolidating in an intermediate zone in anticipation of a bullish driver, which could generally strengthen positive sentiment in strong altcoins. Against this backdrop, the market may form growth... SOL is consolidating in a symmetrical triangle pattern within an uptrend. Buyers are gaining momentum, and a breakout of the consolidation resistance could trigger continued growth with a subsequent update of the maximum. Resistance levels: 208.5, 212.25, 218.0 Support levels: 201.7, 197.4 Before the breakout and growth, a retest of the 205.0 - 201.7 zone may form, however, a breakout beyond the symmetrical triangle may trigger a spread. Growth targets may be 220, 245. Best regards, R. Linda!
Long
by RLinda
12
ENAUSDT → Attempting a trend change. Focus on 0.700BINANCE:ENAUSDT is forming an attempt to change the trend. The price breaks the descending resistance and forms a new trading range. The focus on the 0.7 support and the bulls' reaction... Bitcoin looks quite positive after breaking the downside resistance, but there is a strong 112K zone ahead and news on Thursday / Friday. If the general backdrop maintains its bullishness, BTC's rise will support strong altcoins and the market could turn green, including the coin discussed in this publication... ENAUSDT breaks through the downtrend resistance. Price is consolidating above the boundary and forming a trading range. The focus is on the 0.7 - 0.683 area. If the bulls keep the price above this area, it will confirm the fact of trend change, which could trigger a rally to 0.7745 - 0.853 Support levels: 0.7, 0.683, 0.668 Resistance levels: 0.736, 0.7745 Technically, there is a possible struggle between market participants for the area 0.7 - 0.668. In this case, I will not consider the return to the channel as a false breakout of the trend, as a strong upward impulse was formed earlier, which generally broke the local market structure. However, based on the technical situation, I will consider entering the position after clear signs of price holding above the key support zone. Regards R. Linda!
Long
by RLinda
4
ETHUSD 1H – Critical Breakout Zone Ahead | BUY LIMIT SELL ACTIVEBITSTAMP:ETHUSD Structure | Trend | Key Reaction Zones Ethereum is stuck between resistance at 4,324–4,362 and strong support at 4,215. Price is consolidating, and a breakout will define the next big move. Market Overview Buyers are defending the 4,215–4,230 demand zone. A push above 4,362 will confirm bullish continuation toward 4,400+, but rejection could drag ETH back toward 4,215. Key Scenarios ✅ Bullish Case 🚀 Target 1: 4,324 Target 2: 4,362 Target 3: 4,400 – 4,437 Stop Loss: Below 4,282 Current Levels to Watch Resistance 🔴: 4,324 – 4,362 Support 🟢: 4,230 – 4,215 ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
BITSTAMP:ETHUSDLong
by PEAKALPHAFXMARKETS
XAUUSD Short: Correction Phase Will ContinueHello, traders! The prior market structure for XAUUSD was a bearish descending channel. This trend was decisively reversed by a bullish initiative from the pivot point low near the demand zone 2, which triggered a breakout and established the current bullish market phase, shifting control to the buyers. Currently, the price auction is being guided by a well-defined ascending channel. A strong impulse has carried XAUUSD to the upper boundary of this channel, which represents dynamic resistance. The market is now testing this ceiling after a sustained rally, a key area where sellers may emerge to initiate a corrective phase against the dominant uptrend. The primary scenario anticipates a short-term corrective move from the channel's resistance. The expectation is that the upper boundary will hold, leading to a rejection and a downward rotation back towards the channel's median. A failure to break higher would confirm that a temporary pause in the uptrend is likely. The take-profit is therefore set at 3555 points, targeting an intermediate liquidity level. Manage your risk!
FOREXCOM:XAUUSDShort
by heniitrading
6
EURUSD: Correction Before the Impulse UpHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, after exiting a prior Upward Channel, the price action has entered a lengthy period of consolidation. This price action has been forming a large ascending triangle, which is typically a bullish continuation pattern. The boundaries are defined by the horizontal Resistance at the 1.1740 level and an ascending support line. Currently, the price is trading in the upper portion of this triangle, having recently bounced from the ascending Triangle Support Line. We are now approaching the critical flat resistance at the 1.1740 level for another significant test. This Resistance Zone has successfully capped all rallies for several weeks. My Scenario & Strategy My scenario is built on the idea of one final corrective dip before the potential bullish resolution of this triangle. I'm looking for the price to pull back from the current levels and make a move down to test the Triangle Support Line. Therefore, the strategy is to watch for this bounce, which should then lead to a breakout above the 1.1740 Resistance. A confirmed break would validate the long scenario, with the primary target for the subsequent upward expansion set at 1.1840 points. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
8
WLFI Token Faces Key PRZ – Will the Downtrend End Soon?The World Liberty Financial project with the WLFI token ( BINANCE:WLFIUSDT ) continued its downtrend as I expected in yesterday's idea . The question is, when will this downtrend of the WLFI token end? The WLFI token is currently moving near the Potential Reversal Zone(PRZ) , Cumulative Long Liquidation Leverage($0.1576-$0.1500) , and the round number of $1,500 . In terms of Elliott wave theory , the WLFI token seems to be completing the main wave 3 . The main wave 3 could complete at the PRZ and the lower line of the descending channel (possible). I expect the WLFI token to rise to at least $0.1816(First Target ) in the coming hours. Second Target: Upper line of descending channel Cumulative Short Liquidation Leverage: $0.1905-$0.1845 Stop Loss(SL): $0.1487 Please respect each other's ideas and express them politely if you agree or disagree. World Liberty Financial Analyze (WLFIUSDT), 15-minute 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.
Long
by pejman_zwin
12