I noticed a strong bullish reversal on Gold today, with the price bouncing significantly. A high momentum bullish candle formed, breaking through both a horizontal resistance and a resistance line of a falling parallel channel. I anticipate that the bulls will continue to drive the price higher, possibly reaching levels of 2031/2042.
Update for AUDCHF. Earlier, we spotted a confirmed daily structure breakout on a daily. The price formed multiple bullish confirmations on a 4h time frame then. First, the price formed a bullish flag and violated its resistance. After that, the price managed to violate a resistance line of a horizontal range. Sentiment is very bullish on the pair. We can...
If you were to draw a channel/rectangle for #gold futures daily chart, this one has the most relevant hits. These are the best set-ups IMO. Price is squeezing.
Narrowing down on the EURUSD for a potential LONG position this week. Ideally looking for a pullback before the uptrend begins. Looking into placing a position around Tuesday.
Previously I've talked a couple of times about this massive parallel channel that ADA is supposedly trading in. With the strong bullish impulse of the last two weeks, ADA has created a perfect swing low for us to trade on. With a target at 25$ (long-term) and a stop just below the swing low we can create a potentially amazing trade with a R/R of over 135. If...
Descending channel pattern breakout after flat-top descending broadening wedge reversal pattern. Target is $31.31.
Hood still looks to be trying to break the weekly channel here. The momentum was clear, there is very little resistance if this is broken to the upside. The earnings and growth has satisfied investors for the time being.
Pendle has finally broken down out of the channel to the downside. The token held on much longer than I thought it would. People are likely rotating these huge profits into safety (stables, eth, btc). A test of the golden fib would be our first area of inflection here. This could also just be a quick leveraged washout that goes right back into the channel. I...
Everything is clear! The price of Bitcoin will be at the top of the channel in late 2025
If ARB can stay within the ascending channel, we could see a rise towards the top of the channel. A position can be opened with a tight stop-loss order.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 SOL has been overall bullish, trading within the rising channel in red. Currently, SOL is hovering around the lower bound of the channel acting as a non-horizontal support. Moreover, it is retesting a strong support zone at 100.0 marked in green. 🏹 Thus, the highlighted...
Hello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago broke the 0.5180 support level, which coincided with the buyer zone and declined below. Then the price turned around and started to rise in an upward channel, where XRP soon broke the 0.5180 level broke it again and rose to the resistance...
USDJPY nicely respected a recently broken horizontal resistance. After its test, the price formed a double bottom formation and violated a resistance line of a bullish flag pattern on an hourly time frame then. We may expect a further bullish continuation next week. Goals: 150.687 / 150.864 ❤️Please, support my work with like, thank you!❤️
If you take a medium-term look at the Solana chart (4-hour or daily), you'll see a very impressive flag formation. Flag formations are usually indicative of an upcoming upward movement, with the condition that our flag's upper resistance needs to be broken for the rise to occur. In this chart, you can observe two different buying approaches. The first way is to...
Hello dear traders! If you like my graphics, please use Like button 💙💛. There exists a potential scenario wherein COINBASE:LINKUSD could undergo a substantial x4.6 surge between late 2023 and early 2024. In the chart provided, you can observe the accumulation pattern, with the price action mirroring it remarkably accurately. What strengthens this...
FOREXCOM:XAUUSD on Thursday is buying back some of the decline after bouncing off support. The market is under selling pressure and strong ETF selloffs are contributing to the downtrend. Price is testing strong resistance that was broken on inflation related news. But the fall is being redeemed on the back of lower than expected Initial Jobless Claims, the...
The GBP/USD pair on the M30 timeframe displays a potential selling opportunity due to a well-defined bearish channel pattern. Sell Entry: Consider entering a short position around the current price of 1.2580, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago breakout the 42800 support level, which coincided with the buyer zone inside the upward channel and started to trades near this level. Some time BTC fell to the buyer zone, but at once it backing up, and later price finally rebounded...