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Ascending Channel

Ethereum ETH - Rising wedge is crashing! Drop to 1250 USD? Ethereum is unfortunately losing steam, according to my technical analysis. On the daily chart, the price is printing a clear rising wedge pattern that is currently breaking down! Ethereum has already made a massive 105% gain in 51 days, so I think the wedge is likely to break down rather than up. As per my Elliott Wave analysis, which is my main specialization - a major impulse wave has been completed and we are prepared for an ABC correction to the downside. Volume is generally lower during the 5th wave, and this is a textbook example here on the chart. If we take a look at the RSI indicator, we can spot a nice bearish divergence with a lower low swing on the indicator. The question is how deep the correction is going to be. We are retracing the first wave, so the correction is usually deeper. You can see 3 levels on the chart where I expect a bounce. For more ideas, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
76
Bitcoin BTC - Explosive move soon! Next stop, 32 000 USDT! Bitcoin is absolutely prepared for an explosive move, with a high probability of success. As you can see on the chart, we have just finished a corrective structure (ABCDE ascending triangle) as wave 2 and now we can expect a massive third impulse wave to the upside! Triangles usually have a 3-3-3-3-3 structure as per Elliott Wave rules, and this is a textbook example pretty much. We have a first wave as a leading diagonal and I presume this makes sense from the time perspective. The next major resistance level is 32, 000 USDT, with some minor resistance for intraday pullbacks. The major EURUSD pair is breaking out bullishly, which favors Bitcoin because of the weak dollar. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
58
AVAX listing on RobinhoodI heard AVAX got listed on Robinhood. After the initial pump, Price has been testing 30.23 level, worth keeping an eye on. If the News entry was missed, it's worth waiting to see for 30.23 to be definitively Confirmed or Rejected before opening a Trade. As I'm writing this, the current 4H Candle looks Oooff! AVAX Long : Bounce with a Confirmation off 30.23, targeting 31.25 and seeing how it goes from there. AVAX Short : 30.23 Rejected, News hype died down, targeting 27.30
by WhoIsWu
3
two opportunity to get great position on xauusdhello guys! as you see on chart, gold is on ascending channel and did not break this channel for now! but in upper level we see a great flag that form on 2 main master candle so this flag is so important and there is potential there for making gold bearish! but this flag formed in a compression and if last supply zone engulfed, price will touch fisrt zone! i hope you get profit from this! If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
OANDA:XAUUSDLong
by melikatrader94
10
BITCOIN long position 🚀Hello 🐋 Based on the chart, the price is close to the support area, channel support and the green trend lines that act as a support ✔️ if the price does not break the green trend line and the support area to the downside, we will see more gain to the upside from our support area 🚀 otherwise we can see more correction at least to the channel support, and then we will see more gain 🚀 and our important support areas are $23000 and $22800and $22450 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
12
SOL/USD: Bought in the demand zoneSolana look very interesting to long in this point. I will consider this trade to long in this cryptocurrency from $40.10 USD. I put my SL to $36.80 USD, And we could to see 2 targets to watch. The first target will be around $46.60 USD. And my expect 2nd target will be around $50.40 USD. It's look a increase of almost 26% in this single trade. I'm long in Solana now!!! Meanwhile, we're still in this chartist pattern called bearish rising wedge, and also, we could to look a good opportunity to not only short, but long into this consolidation that Solana forming now. In difference that in H4 and H8 we forming a bullish channel, we expect that only the price still up until $50 dollar. The H4 still bullish. So guys, I like to trade in H4 timeframe or above in cryptocurrencies, you can to take a lot time to make anything what do you like, cryptocurrency it's very easy to trade only following the trend, but Forex market, as I know that it's a global financial market, it's very hard and a pure market that you must to read a lot economical news and pay attention what challenges apply the central bank to take decision to change the perspective. And also it's required a lot study continuously.
FTX:SOLUSDLong
by harisonhbn9718
1
SIGA to Break Upper Trendline?SIGA has an ascending channel pattern on the daily chart. A closer look at SIGA shows a bull flag formation on the hourly chart. I strongly believe that a break of the flag (on the hourly) will push SIGA above the upper trendline of the ascending channel (on the daily). The measured potential maximum move of the bull flag is approximately 4.18 points and the measured potential maximum move of the ascending channel is approximately 15.90 points. Therefore, the combined potential maximum move approximation is 20.08 points. Therefore, my entry will occur after price breaks and holds level 24. *This is not financial advice. Loved and Blessed, MrALTrades00
NASDAQ:SIGALong
by MrALtrades00
BIG TECH RECOVERYThe Daily chart shows the composite price action for one share each of GOOG META MSFT AAPL It shows a low of the year in mid-June about the same time as the SPY bottomed. The Awesome Oscillator confirms the uptrend. The uptrend seems to be bounded by an ascending parallel channel. There has been a combined 10% price rise in the six weeks since with steady price action including some retracement. The high volume area of the profile could be resistance at its upper boundary and so this composite of tickers could soon be at resistance.
NASDAQ:METALong
by AwesomeAvani
DGB testing bottom of log channel & threatening a h&s breakdownNot financial advice but I’m accumulating small amounts of digibyte in this zone because although its totally possible we can breakdown from the rising channel DGB has been in on the log chart I think its more likely we continue to stay in the channel for longer. Also the head and shoulder target while very possible currently seems like the lesser probability than continuing to bounce up from the wedge. Of course if bitcoin decides to test 14k we may indeed see this h&s breakdown and reach its full target but for now I think a fakeout and then a rebound back up is the slightly more probable scenario. Because of that I’m willing to accumulate a small amount here at the support of the bottom trendline of the channel in hopes it will do some sort of bounce. Market looks very bleak, fear and greed has been setting new records but I’ve always held the strategy that that’s the best time to be be buying so I’m going to do so but very cautiously and very meager amounts. If it doesn’t pan out no big loss. *not financial advice*
BITTREX:DGBUSD
by DrDovetail
Bitcoin BTC - Acceleration very soon! + Elliott Wave This local correction should be over very soon, and we can continue higher in the uptrend! It's not an easy task to do an Elliott Wave analysis here, but this is how I see it. As per my Elliott Wave analysis, we are in the impulse wave 3 of the huge impulse wave 3. Currently, we are very close to the acceleration point, where we will see an increase in volatility. I am very bullish on Bitcoin and I would never short Bitcoin on the futures market at the current or even lower price! I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
82
NAS100USD on an ascending channel 🦐NAS100USD on the 4h chart is moving inside an ascending channel. The market after the recent low started a retracement move to the upside and currently is testing a confluence below the 13k How can i approach this scenario? I will wait for a potential move below the structure and in that case, i will look for a nice short order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:NAS100USDShort
by InkyGrip
dow jones (us30) will %45 drop if...hello guys! us30 there is in a long term ascending channel for sure... but let look last recession closer: what was conditions of last recession : 1- break down last lower low 2- fake out last lower low 3- before starting a downward movement break ma(200) 4- last lower low break ma(200) too 5- after break down drop until %45 On the other hand, what are the current conditions: 1- last lower low break ma(200) 2- price is near of ma(200) so we are waiting for a break down of ma(200)... so, we get confirmation after ma(200) break down then we can get a lot of short position for indices and us shares: let's look at us interest rate and United States Inflation Rate charts again! i think everything is vivide in chart. what is your opinion about us30? If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
VELOCITY:US30Short
by melikatrader94
11
BITCOIN correction before more gain 🚀Hello 🐋 Based on the chart, the price is close to the support area, channel support and the green trend lines that act as a support ✔️ if the price does not break the green trend line and the support area to the downside, we will see more gain to the upside from our support area 🚀 otherwise we can see more correction at least to the channel support and our important support areas are $22300 and $21900 and $21500 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
24
DYDX/USDT : Correction is must before the next leg upBINANCE:DYDXUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! Our Last call on $DYDX has been got stop-hunted and today we'll enter positions based on invalidation and hold triggers only. Currently, $DYDX has formed an ascending channel, And based on the data we have, There's a bearish divergence formed from 29th July to 1st August. Also, it could be a good entry zone to locate Longs towards the higher bearish base, As $DYDX has formed a bullish order-block below at $2.00 So, In terms of using both scenarios; - There's a Short opportunity to $2.20 with an invalidation as hold above $2.84. With a local Long position with an entry zone from $2.30 to $2.10 with an invalidation as hold below $2.00. - There's also an aggressive Long setup after getting the invalidation above $2.84 with the Same stop-loss below $2.00. You can have your bullish run from the current market price or lower, But you have to manage the Risk/Reward Ratio too! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
7
Dollar index DXY - Prepare for a downtrend! + Full Elliott Wave On the daily chart we have 2 parallel channels that indicate 2 impulse Elliott Waves. As per my Elliott Wave analysis, this huge impulse wave has been completed and now we should go sideways or down! The first trendline is breaking out, and usually that means that other trendlines will break too. The first target is at wave 4 + 0.382 FIB + parallel channel retest. In my opinion, DXY has completed a significant uptrend and is now poised for consolidation (range). Look at my ideas about GOLD, EURUSD and Bitcoin in the related section down below. For more ideas, please hit "Like" and "Follow"!
TVC:DXY
by UnknownUnicorn2537518
44
GBP/USD Bullish Idea with Continuation patternGBP USD price is approaching the second tip of the cup and handle from where the handle is expected to form as there is a strong resistance as well as the upper line of the ascending channel also suggest that the price will be pushed back to form a handle. The first TP is based on the completion of the Cup and Handle Tip while the second TP is as per the distance of the cup bottom from the tip as well as it is the R3 resistance which has previously been respected by price.
Long
by D_Sultan7
Bitcoin BTC - 250 000 USD next target! Bull market continues. I think there is absolutely no time for a multi-year bear market at this moment. We had exactly the same correction (73%) as in 2020, and after that a massive bull run started. As per my Elliott Wave analysis, we are still in the bull market of an impulse wave and we need to finish it. An ABC correction (ZigZag 5-3-5, wave 4) has been completed successfully, and we can simply continue with a final wave 5. We can reach 250 000 USD next year, probably around December. 2017 swing high support successfully acted as a resistance in 2022 and the bulls successfully defended a possible bear market. The price is now above the 200 moving average. This MA is considered a very strong support zone by huge institutions and hedge funds. As you can see on the chart, the price is printing a second bullish flag / falling wedge and also a parallel channel on the log scale. I expect tremendous pumps for selected altcoins. You can find them in the related section down below. If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
Long
by UnknownUnicorn2537518
61