Simple weekly chart depicting buy zone around bottom of a parallel downtrend, contingent upon Bitcoin and its greater market holding up
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 timeframe - Price action is at a Supply Zone and has another Consolidation Zone nearby it - Price action is at the top of a channel resistance - Targeting the 50% Fibo retracement Fundamental Confluences for Trade: - Same setup as the NZDCAD trade I just posted as...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 time-frame - Price action is at a Consolidation Zone - Aiming for the 50% Fibo retracement to TP Fundamental Confluences for Trade: - US yield differential against AUD will support USD - China's economy is still struggling to improve and dampening AUD's growth potential ...
Pair: FX:USDCAD Timeframe: D1 - Long Term (LT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Price action is at the top-end resistance of a parallel channel - Horizontal trendline looks like a supply zone across few periods - Aiming for the 32.8% Fibo Retracement with 23.6% as...
Pair: FX:AUDUSD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action is now at the middle of a parallel channel - Price is at 61.8% Fib Extension Level - Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand...
Polkadot has been making lower lows, indicating a downward trend There is a high likelihood of continuing to fall !!!
Pair: HTX:LINKUSDT Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Price have bounced off 61.8% Fibo retracement levels - Price action is within two different parallel channels; 1 acts as a bottom channel support and the other is within a supply-demand zone channel - Aiming for the 32.8% Fibo Retracement with 23.6%...
Pair: HTX:BTCUSDT Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1 and H1 time-frames - Price action may face resistances from being at the bottom of a parallel channel, there is a support trendline going through and there is a demand zone area as shown with the horizontal...
The ADA (Cardano) long thesis derived from analysis of Fibonacci retracement, with particular emphasis on the golden pocket retracement level. The analysis is complemented by robust backtesting, a key horizontal level which acts as a support zone. The identification of a potential Swing Failure Pattern (SFP) and alignment with a predictive parallel channel acts as...
NASDAQ:SFM is currently trading in a parallel channel and looks like it will trend down to attempt to retest the support at about $60.70 for a third touch. Thoughts?
➡️Ethereum Classic has been consolidating for a long period, indicating a major bullish price move is forthcoming. Now price printing higher lows in a bullish pattern that is expected to reach $40 once the consolidation range breaks out. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit...
This is a simple theory that COINBASE:HBARUSD can be divided into two parallel uptrends on the weekly: one that acts as support another that acts as resistance When it first broke out of parallel support, it made a 2.5x measured move up, and then dropped back down near the 1.5x measurement, forming what would become parallel resistance after making a...
AVAX was trading in descending parallel channel. The price was reacting well the support and resistance of channel. Currently the price has given the breakout and seems like the price may go for another leg higher. NFA DYOR
GBPUSD is following bearish trend on 4H to 1D time Frame bears seems more stronger than bulls
price is making up trend inside a parallel channel on h1 chart price testing upper and lower trend line as dynamic support and resistance (intraday bullish until channel breakout)
Hello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: In 2019 Nvidia stock started creating a long term rising channel and retested the lower support trendline the last time in 2022 before we saw a massive +600% rally on this stock. Nvidia is now retesting the upper channel resistance which I mentioned in the...
Bitcoin broke out of its parallel downtrend here back in June of last year. That channel has a first target that is exactly equal with its ATH weekly close. I have an earlier post about this that is linked below. It has since formed a parallel uptrend and is presently looking like it may attempt a breakout. Should that occur, its TP 1 and 2 are halfway towards...
Hello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 14 years the nasdaq has been trading in a super obvious bullish parallel rising channel. In the beginning of 2023 we had another retest of the lower support which was followed by a +65% rally. If the Nasdaq rejects the current resistance towards the...