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Parallel Channel

Bitcoin may make correction movement to support levelHello traders, I want share with you my opinion about Bitcoin. Price recently printed a new ATH at 118800 points and then began to show signs of correction. Before this breakout, the price was stuck in a long downward channel, where it bounced inside the buyer zone (103000–103800) several times and reversed upward. After the final breakout, BTC entered a range phase between the support level (103800) and the support area (110300–111300), building energy before the massive move. Once the price escaped this range, a strong impulse up followed, pushing BTC above all major levels and reaching a new high. However, after hitting the ATH, the price started to stall and consolidate. Currently, we can see signs of weakness at the top — the structure is forming lower highs and looks unstable, which may indicate a potential retracement. Now the price is trading above the support area, but I expect a corrective move back toward the current support level at 110300. This level aligns with the top of the previous range and now acts as strong demand. That’s why I’ve set my TP at 110300 level — right at the beginning of potential buyer interest. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:BTCUSDShort
by LegionQ8
27
BITCOIN → Stopping after the rally? What next? 125K or 110K?BINANCE:BTCUSDT rose and updated its historical maximum to a new record of 118K with “kopecks” (different prices on different exchanges). Now the price has supposedly stopped and entered a consolidation phase, but it is too early to draw any conclusions based on this alone... Fundamentally, Bitcoin rose following the SP500 and NQ100 indices. The reasons are clearly geopolitical. The correlation level is not high, but the flagship is following the stock indices, which are also updating their historical highs. Technically, Bitcoin has emerged from a two-month consolidation and entered a realization phase. So what's next? Continuation of the phase or correction? Let's take a look. On the daily chart, I would highlight two zones. The risk and sell zone is below 117,500. If the price closes below this zone today/tomorrow, we will most likely be able to look for signals for a possible correction. As part of the correction, we can expect a decline to 115,500, 114,300, or even to the old ATH of 112K. The second zone is the buying zone. A closing price above 118,400–118,900 and consolidation with the gradual formation of a breakout of structure may hint at a possible continuation of growth toward psychological targets. Resistance levels: 118,400, 118900 Support levels: 117100, 116700, 115500 In the chart above, I have highlighted the situations, levels, and zones that interest me more precisely. Now I am waiting for Bitcoin to retest resistance or support and confirm certain levels, based on which decisions can be made. I think that in the near future, Bitcoin will show us where it is headed. Updates will be published as something interesting emerges... Best regards, R. Linda!
Long
by RLinda
51
EURO - Price will rise a little and then drop to $1.1500 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Price earlier carved out a pennant pattern after a strong rally, with price oscillating between converging trendlines and indecision mounting near $1.1550 resistance. After several weeks in consolidation, sellers finally broke down below the pennant base, sending price back toward the support area and trapping late buyers. Buyers regrouped and launched a new advance, driving EUR into a well-defined rising channel. During this channel run, two notable breakouts above interim highs were quickly followed by exits at the upper trendline. Price now sits in a tight consolidation just under the rising channel’s ceiling near $1.1700, forming small corrective swings on lighter volume. I expect one more shallow rally toward $1.1750 before sellers overwhelm buyers again, pushing Euro down through $1.1550 and toward the $1.1500 points. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by WalterMoon
24
Bitcoin in New Ascending channel wait for 160K$As we can see Price broke previous ATH & channel resistance together and is holding strong, if it continue soon new channel is path to claim for Price based on chart and targets like 160K is just easy to hit. So get Ready for new Highs and ATH here also this breakout to upside was mentioned in previous analysis and now that it is happening don't get surprise if you see notifications like Bitcoin new ATH 150K$. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Long
by MMBTtrader
11
GOLD → Consolidation. Long squeeze before growth to 3400FX:XAUUSD has broken through resistance at 3353-3357 since the session opened, and bulls are currently trying to keep the market in the buying zone. Should we expect a long squeeze before growth? Gold is in local consolidation after breaking through a key level. The price is still in the consolidation phase formed during a week-and-a-half correction. The price reached a three-week high of $3,374 on Monday but fell after the EU's conciliatory statements. Investors are awaiting US inflation data and Chinese GDP figures as they assess the prospects for a Fed rate cut. Heightened geopolitical and trade tensions are keeping demand for safe-haven assets high. Technically, gold has entered a local buying zone, but there is a fairly complex resistance zone above it, and consolidation is needed to break through it. Such patterns could include a retest of support and a liquidity grab before growth. Resistance levels: 3373, 3394 Support levels: 3357, 3353, 3345 There is a possibility of a retest of eql 3353 in a long squeeze format and a return to resistance at 3373 for a breakout. I also do not rule out a retest of the key level of 3345. The global trend is bullish, with the price locally in a fairly wide range, with an emphasis on the support zone of 3345-3355. If the bulls can hold this zone overall, the market will have a good chance of rising to 3400-3450 Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
5
GBPUSD → Correction amid a global bullish trend...FX:GBPUSD is testing the 1.345 - 1.35 area as part of a correction. The price is closing the imbalance zone and testing support, which may trigger a reaction. Further developments will largely depend on the dollar, which is testing resistance. The daily market structure is quite strong. The correction against the backdrop of a strong trend is within acceptable limits, and bulls should fight to keep the price away from risk zones. GBPUSD, as part of the correction, closes the imbalance zone of 1.34 - 1.35 (0.7 - 0.79f) and forms a false breakdown of the intermediate support level of 1.3476. If buyers hold their ground in the 1.347-1.35 zone, the currency pair will be able to return to the global trend. Support levels: 1.3476, 1.345, 1.3382 Resistance levels: 1.3511, 1.359, 1.375 Price consolidation above 1.349 - 1.350 will confirm the market's intentions. In this case, we can expect growth to 1.36 - 1.374. Best regards, R. Linda!
Long
by RLinda
8
GOLD - Price can start to decline and break support levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Gold initially traded inside a steady falling channel, carving lower highs at $3390 and lower lows around $3285 as bears held sway. A brief fake breakout at $3365 briefly flipped sentiment, but sellers quickly reasserted control and pushed price back toward the channel floor. Buyers then absorbed selling at the $3285 support area, sparking a rebound into a rising wedge pattern marked by converging trendlines. Within this wedge, three minor breakouts failed to trigger sustained rallies, underscoring persistent resistance near the upper boundary. I anticipate Gold to roll over from the wedge’s ceiling and break below $3365, targeting the wedge’s lower support line at $3310 If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDShort
by WalterMoon
7
Wooow DOGEUSDT breakout happening Major resistance which is 0.22$ and is also channel resistance is breaking and BINANCE:DOGEUSDT would be nonstop bullish after that at least for a while to the targets like 0.40$ and 0.60$. As we can see on the chart here is last valid and strong resistance zone after that i am expecting nonstop rise for This token which is still sleep and soon will follow the market and also lead with daily +15% candles. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Long
by MMBTtrader
3
Bitcoin Hits New ATH – Is It Time to Short?Bitcoin ( BINANCE:BTCUSDT ) managed to form a new All-Time High(ATH) in the previous one-hour candles . Do you think Bitcoin can create a new ATH in the coming hours? Bitcoin is currently trying to break the Heavy Resistance zone($110,720-$105,820) . It has also penetrated the Potential Reversal Zone(PRZ) and Cumulative Short Liquidation Leverage($114,910-$113,850) . In terms of Elliott wave theory , it seems that the 5 impulsive waves that Bitcoin started in the last 3 days can be completed above the ascending channel and PRZ . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. I expect Bitcoin to drop to at least Cumulative Long Liquidation Leverage($111,563-$110,947) . At least the price zone Bitcoin is in at the time of publishing this analysis is better for short positions , even if the Stop Loss(SL) is touched . Note: Stop Loss(SL)= $115,023 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-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
41
Bitcoin – Rising channel with critical support at $119.000!The chart presented shows Bitcoin in a well-defined rising channel, highlighting a strong bullish momentum over recent trading sessions. Rising channel The price action is currently oscillating within the boundaries of this upward sloping channel, marked by parallel trendlines. The channel suggests that Bitcoin has been consistently making higher highs and higher lows, with the current price hovering around $121,794. The upper boundary near $123,200 acts as potential resistance, while the lower boundary of the channel provides dynamic support, suggesting a continuation pattern if this structure holds. Uptrend The overall uptrend is clearly visible and remains strong, especially since July 10th, where a significant bullish breakout occurred. The breakout was followed by steady gains, with minimal pullbacks, indicating strong buying interest and market confidence. The momentum shows a healthy bullish structure with minimal price overlap, characteristic of a trending market, which favors continuation as long as critical support levels remain intact. Support area A critical element in this chart is the key support area, highlighted in green. This support zone is located between approximately $118,500 and $119,600. This zone was previously a resistance level that has now turned into support following the breakout. It also aligns with the mid-level of the rising channel, reinforcing its significance. Should the price retrace, this area is likely to act as a cushion where buyers may step in again to defend the trend. Fibonacci Additionally, the chart features a Fibonacci retracement drawn from the swing low to the current swing high. The 0.618 Fibonacci level is particularly noteworthy, sitting at around $119,623. This level is known as the “golden ratio” in technical analysis and often acts as a strong retracement level during corrections. Below it, the 1.0 level is marked at $116,669, which represents a full retracement of the move and a deeper correction scenario if the support fails. These Fibonacci levels coincide with the key support zone, further validating it as an area of high confluence and likely buying interest. Final thoughts Overall, the technical structure remains bullish within the rising channel, with key levels of interest lying around $119,600 for support and $123,200 for potential resistance. A successful defense of the support area could propel the price higher toward the channel’s upper bound, while a breakdown may lead to a test of deeper Fibonacci retracement levels. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Thanks for your support. If you enjoyed this analysis, make sure to follow me so you don't miss the next one. And if you found it helpful, feel free to drop a like and leave a comment, I’d love to hear your thoughts!
TRADENATION:BTCUSDLong
by Youriverse
11
Euro may fall to support area and then start to growHello traders, I want share with you my opinion about Euro. The price previously moved inside a wedge formation, where it tested the buyer zone and showed a strong reaction from this area. After that, the pair broke out upward and started to trade inside an upward channel, building momentum and forming a clear bullish structure. Later, the price created a pennant pattern, often considered a continuation signal. But before continuing the upward trend, I expect the Euro to first exit from the pennant and decline toward the support area. This zone was previously resistantce, and now it may turn into a strong support. Now the price is trading near the pennant resistance, but I don’t expect a breakout right away. The market needs to correct before it resumes the uptrend. Once the price reaches the current support level or slightly lower, it may find demand again and bounce. That’s why I expect the Euro to retest the support zone and then grow further toward TP 1 - 1.1850 points. This target aligns with the upper border of the upward channel and would complete the continuation move after the pennant breakout. Given the previous structure, bullish momentum, and patterns on the chart, I remain bullish after the correction and expect the price to rise from the support zone. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Long
by LegionQ8
5
PENGU = ETF Catalyst + Whale Accumulation = +30% More Upside?Today, on the weekend, I want to analyze the Pudgy Penguins project with the PENGU ( BINANCE:PENGUUSDT ) token from a fundamental and technical perspective . Please stay with me. Why did PENGU surge nearly 40% in just 48 hours? Here’s what’s driving it: ------------------------------------------ Fundamental Analysis: 1. ETF Momentum via Cboe: On June 26, Cboe officially filed a 19b-4 form for a new ETF that includes Pudgy Penguins and PENGU as major components. Although not yet approved, this single move has fueled strong institutional anticipation, similar to what happened with Bitcoin ETFs in early 2023. The market often prices in future narratives — and this ETF storyline has been a powerful one. 2.Whale Accumulation Signals According to Nansen data, large holders have increased their balances by 11.37%, and notable wallets linked to public figures by 7% over the last 30 days. Such coordinated accumulation often precedes major price moves, and that pattern seems to be repeating here. 3.NFT Ecosystem Boost The Pudgy Penguins NFT collection saw a 400%+ surge in sales volume. This sharp increase in NFT activity has reignited attention toward the broader Pudgy ecosystem, which naturally benefits its native token, PENGU. Risk Note: The ETF is not yet approved — we're still in the hype phase. Volatility remains high, and strong pullbacks are common in low-liquidity tokens like PENGU. If whale activity continues and institutional narratives grow, the upside potential remains — but so does the downside risk. ------------------------------------------ PENGU token started to rise from the Support zone($0.01-$0.0076) . One of the signs of a continuation of the uptrend was the break of the upper line of the descending channel . Educational Note: One of the price targets after a channel break can be as wide as the width of the broken channel. In terms of Elliott Wave theory , it seems that the PENGU token has completed the Double Three Correction(WXY) , and we can wait for the next impulsive waves . I expect the PENGU token to attack the Resistance zone($0.0128-$0.0118) again, and if this zone is broken , it can increase to at least $0.0137(+30%) . What is your idea about the Pudgy Penguins project? Note: If the PENGU token drops below $0.01, we can expect a break of the Support zone($0.01-$0.0076). Please respect each other's ideas and express them politely if you agree or disagree. Pudgy Penguins Analyze (PENGUUSDT), 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.
Long
by pejman_zwin
17
EURUSD - OPPORTUNITY TO PLAY BOTH SIDES OF DESCENDING CHANNEL CMCMARKETS:EURUSD TRADING IDEA - EURUSD MOVES WITHIN A DESCENDING CHANNEL - OPPORTUNITY TO PLAY BOTH SIDES EURUSD has been trading within a descending channel since the beginning of the month. Nearby the upper border of the channel there is SMA200 on a 30-m timeframe, pushing on the pair. Generally speaking, all major moving averages are pushing on the EURUSD, the short-term bearish trend continues, so I decided to open 🔽 a market sell order at 1.16688 with ❌a stop loss at 1.16985 and 🤑a take profit at 1.16324 Later I expect a rebound from the lower border with a potential uprise towards upper border of the descending channel.
Short
by ProfessorSingapore
Ethereum in Ascending Channel: Targeting Weekly Breakout ZonesEthereum (ETHUSD) is currently trading within a well-defined ascending channel on the weekly timeframe, indicating sustained bullish momentum. This structure suggests higher lows and higher highs, consistent with a long-term uptrend. Based on this formation, I’ve identified four key target zones as ETH continues to respect the channel boundaries: Target 3345.18: Initial resistance area, likely a short-term reaction zone Target 4014.90: Mid-channel resistance — potential consolidation point Target 5952.31: Upper bound of the channel — critical breakout test Target 7331.62: Extension level — price discovery zone if breakout is confirmed Traders should monitor price action closely near each level. A strong breakout above the channel top could signal continuation toward uncharted highs, while a breakdown may invalidate the pattern. Disclaimer: This is not financial advice. Please do your own research and manage risk accordingly.
Long
by cecilion1998
LTTS Weekly Trade Setup(14th-18th July 2025) – Parallel ChannelThis week, L&T Technology Services (LTTS) is showing a potential breakout opportunity that requires patience and precision. As the stock approaches a key resistance zone near ₹4445, traders should resist the urge to jump in early and instead wait for a breakout and confirmed re-test before entering any long positions. Let’s break this down. 1. Why the Breakout is Important - LTTS has been consolidating within a parallel channel between ₹4280 (support) and ₹4445 (resistance). Breakouts from such structures often trigger significant moves — but only when confirmed. - A false breakout can trap early traders. Hence, waiting for the price to break above ₹4445 and then re-test this level is critical. 2. The Strategy – Wait and React 📌 Step 1: Watch for Breakout Monitor price action as it approaches and breaches the ₹4445 resistance. Look for strong bullish candles with volume to validate the breakout. 📌 Step 2: Wait for Re-test After breakout, price may pull back to test the previous resistance. This re-test acts as a confirmation that bulls are defending the breakout. 📌 Step 3: Look for Confirmation Enter only when you see a bullish candlestick pattern (like a bullish engulfing or hammer) near the re-test level on 15-min or 1-hour charts. 🛡️ Stop Loss: Place your stop below the swing low of the re-test. This protects you if the breakout fails. 🎯 Target: Profit booking zone is near ₹4580–₹4600. Risk/reward ratio: 1:2, 1:3, 1:4+ 3. Why Re-test Entries are Powerful They allow low-risk entries with a tight stop loss. You avoid chasing price and reduce emotional trading. Confirmation helps you filter out false breakouts. 4. Final Words In trading, discipline often beats speed. This LTTS setup is all about timing and structure. 🔔 Watch for the breakout. 🧘‍♂️ Wait for the re-test. 🎯 Enter only with confirmation. If executed properly, this trade offers a clean, high R:R opportunity with a clearly defined setup.
NSE:LTTSLong
by TradZoo
#ETHUSDT #4h (Bitget Futures) Ascending channel on resistanceEthereum printed a gravestone doji followed by a shooting star, RSI is overbought, local top seems in. ⚡️⚡️ #ETH/USDT ⚡️⚡️ Exchanges: Bitget Futures Signal Type: Regular (Short) Leverage: Isolated (9.0X) Amount: 5.0% Entry Zone: 2996.99 - 3050.49 Take-Profit Targets: 1) 2864.25 2) 2744.02 3) 2623.80 Stop Targets: 1) 3157.46 Published By: @Zblaba CRYPTOCAP:ETH BITGET:ETHUSDT.P #4h #Ethereum #PoS ethereum.org Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +47.5% | +83.3% | +119.0% Possible Loss= -39.8% Estimated Gaintime= 1-2 weeks
Short
by TradingOn
EURCAD - Weekly Resistance Might Shift The Momentum!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURCAD has been overall bullish trading within the rising channel marked in blue. However, it is currently approaching the upper bound of the channel. Moreover, the red zone is a strong weekly resistance. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and resistance. 📚 As per my trading style: As #EURCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
3
EURGBP - Follow The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURGBP has been overall bullish trading within the rising channel marked in blue. And it is currently retesting the lower bound of the channel. Moreover, the orange zone is a strong daily support. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the lower blue trendline and support. 📚 As per my trading style: As #EURGBP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich 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
10