Curve has primarily been within a parallel downtrend on its logarithmic chart (3 day chart shown here). It broke above that channel and moved nearly a channels width above it, before breaking back down into the same trend. Often when we see a strong channel breakout that eventually falls back into the channel, crypto charts have a tendency to test a breakout on...
We recently broke down from our small ascending triangle (blue lines) and hit the target shortoy after perfectly! (White dotted lines and yellow horizontal)
We then quickly bounced upward to retest the bottom of the triangle, which looked like rejection!
Currently looking at other possible plays. Mainly a upward parallel channel (green lines). As you can see...
ES Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Fibonacci Retracement, Pitchfork, Modified Schiff Pitchfork - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any...
EURUSD TripleMonthly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Parallel Channels - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research...
Let's see if this idea works out:
FARM has reached the bottom of a parallel channel uptrend after breaking out of a falling wedge. The measured 1.5x target for a breakout at the top of this channel lines up exactly with the 1x measured target for its falling wedge breakout, or around 64 dollars.
Idea invalidated if we lose channel bottom.
Hello 🐋
we expected the retest of the resistance zone to be completed ✔️
if
the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction, at least to our lower trend line ❌🧨
otherwise
we can see more gain to upper resistance level ✔️🚀
if
breakout of the lower support zone be completed, we can see more...
The price near ascending channel support of 1280--1320 and also there is RSI Bullish Divergence on weekly and daily timeframe. We seen a good correction in price an now price forming strong base to go upside. If price respects the channel support than than price can go upside for the targets of 1435--1500-1600 in next trading sessions.
We have a parallel channel in the 4-hour time frame and a flag pattern in the lower time frame, which is currently strongly broken and the flag pattern will be broken soon.
Having said that, we will wait for the euro to gain strength against the pound.
A channel is conceivable, but in addition to this, we need to pay attention to the slow movements of the upward waves and the rapid movements of the descending waves.
Taking a look at the Monthly candle closure, we might observe that the price has printed a massive wick candle to the upside, implying that bears are in control.
A massive impulsive push from the 0.876 area of support into the 0.888 level of the upper boundary of the descending channel plotted on the graph, might bring some buyers into the game, as they would...
Hello and welcome to this analysis
In the monthly time frame we can see two parallel channels running the path. The first one is a wider rising channel which has now come down to its lower end of the channel after completing a 1.6x fibonacci target. The second one is the narrower falling channel from its peak.
The decline appears to have come to a halt at the...
Hello 🐋
we expected the retest of the support zone ( parallel channel support) to be completed ✔️
if
the price doesn't break the support zone to the downside and just complete the retest, we will see more gain, at least to our upper trend line 💣🚀
otherwise
we can see more correction to lower support level ❌🧨
if
breakout of the upper resistance zone be completed,...
Hello 🐋
we expected the retest of the support zone (parallel channel support) to be completed ✔️
if
the price doesn't break the support zone to the downside and just complete the retest, we will see more gain, at least to our upper trend line 💣🚀
otherwise
we can see more correction to lower support level ❌🧨
if
breakout of the upper resistance zone be completed, we...
Multiple channels, naked point of control (courtesy of Exocharts), incl. support and resistance levels. Keep an out on BTCBNB chart - it's a key indicator as is ETHBTC, BNBBTC, all BTC pairs. Dont forget the Dollar Index :) Fun .. Live to eat or eat to live? Love the game! :p
