kava btc Kava is in an upward channel and has also broken the midline of the channel
In my opinion, you can enter the position on Kava, and also the target and the stoploss are specified in the image
Channelline
EGLDUSDT Wants to have a breakout from the Weekly resistanceThe price got a rejection from the weekly resistance on 164$ and not the price is creating another bull flag above the previous descending channel
the price retested the previous dynamic resistance as new support exactly at 0.618 Fibonacci level.
How to approach?
The price needs to have a breakout from the weekly resistance and descending channel. Beware to the left, you can find the supply zone. So if the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
LUNAUSDT Ascending Trianglelook to long if price action reaches the lower trendline.
short if price action reaches the top trendline.
always look for a divergence, its the closet thing we
get to a crystal ball while trading.
ALAWAYS USE STOP LOSS....
bull channel in a bear market!Hello everyone
As we witnessed, the support level of 41200$ didn't make it and and turned into our resistance level and we had a bearish spike under 40000$ support level , volume held the price pretty well and considering that the 38000$ level is a nifty one,and the candles in higher time frames ( weekly & monthly) show a bright future for the holders.
But in 4 hours cheat, after about 12 days of bear market (red channel), now we have a bull channel ( blue channel), and as I'm analysing right now , I can see candles with long shadows, which means that not bears nor bulls having any activity right now.This usually happens when market is waiting for a news or a big buy.
For those who fancy the investment option this might be a good opportunity to buy ( this is not a financial suggestion, this is my simple opinion).
IOSTUSDT is creating a descending channelThe price is testing the 0.786 Fibonacci level on the daily timeframe on the weekly support (0,028$)
On the 4h timeframe the price is creating the main descending channel and the market is creating a channel within it.
How to approach?
The price could retest again the 4h demain on 0.027 if the price is going to lose the dynamic support. According to Plancton's strategy , we can set a nice order
The scenario is invalidated if the price is going to have a breakout above the monthly resistance (0.32$)
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
EURNZD Trade Idea - Elliott WaveLet’s discuss the price chart of the EURNZD currency pair based on the 120 minute timeframe.
From the Elliott Wave perspective, the price action is moving in a corrective channel within Wave (iv). It is approaching a critical Fibonacci retracement level of .618 which should act as resistance.
From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 1st (red vertical line), and is projected to form a bottom on April 25th.
Based on this, we can expect prices to break below the corrective channel and head lower from there. Beyond that the low of Wave (iii) will act as an important support level, however, this leg down which would be wave (v) should ultimately break below this level.
If you find this analysis useful, make sure to press the “Like” button and comment.
SOL reversal Price was in falling wedge, broke to upside and made large move. Price has since came back down to daily support and 38.2% fib retracement and is at lower bb band on 4 & 1h charts. We have bullish divergence on 1h chart and a high volume hammer on previous hourly close showing bull strength at support. On the 15 min, we saw price break and hold previous structure with a wick down before closing higher. We have multiple high volume bullish candles in a row on 15 min showing bullish institutional intrest at these price levels
Stop loss: Below daily zone, lowest low
Take profit: At previous high of recent move
ETHUSDT is creating a channelThe price is creating a channel between the demand and supply zone on 4h timeframe.
on the daily timeframe, the price is trying to hold the 34100 support and retested the previous W's neckline.
on 4h timeframe the price lost the channel, and now the price is testing the previous dynamic support as new resistance
How to approach?
- for a bullish scenario, the price needs to flip the 3520$ with volume and momentum, the price created a double top on it.
- Otherwise, if the price is going to lose 3240, we could see a retest of 3k
According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
Channel pattern in Tata motors Tata motor formed parallel channel pattern in 1hr time frame , its expected to take support of the channel and take a U turn..
If it's breakout down side, selling pressure comes in.
Deciding to buy ETHLong-term logic: Because it came out of the orange channel, it will probably form a new channel.
Short-term logic: ETH exits the blue channel 1 so it will probably stabilize in channel 2 or 3.
To buy: If ETH hits the floor of channel 2 and comes back, be sure to buy and the profit limit will be the ceil of channel 2.
DLF 15% TARGET IS EXPECTED IMPORTANT !!!
KEYPOINTS :-
1. Channel breakout
2. Retested its previous levels
3. Nice green candle
NSE:DLF
wedges in channel's! how to predict the trend channel's in every channel's there are wedges forming while the trend is reaching a support or resistance line(blue line) P.S I draw that line 1 year ago.
with getting close to that level we can see that the market is going to loose energy that's the time we must open a position or close it(red number 3 in the chart was a good time to close long that's what I did)
don't forget to follow and like
cheers 🥂
Luna Ascending Channel formationAfter an unexpected rebound at a higher price than expected, Luna is begining to form an ascending channel within the already existing channel on higher time-frames
This type of patterns tend to have a lot of different resolutions, instead of trying to guess which is going to happen, it is more intelligent to let it develop and enter at the boundaries of said channel, only when the movement is clear and always with a tight SL.
As for now, it is looking quite bearish for the next 12 hours or so. After a red close, one can consider looking for a short entry with a SL set around the 94$-ish price level and a TP around 91.5$-92$ price level
GBPUSD Setup For Bearish Correction
GBPUSD has just reached the upper boundary of the downward channel it's been trading within for the past 6 months.
As price entered this upper boundary area the RSI briefly reached >70 on the 6H before being rejected.
Meanwhile on the 2H chart price has been showing textbook bearish divergence - 3 significant, consecutive lower highs on the RSI while price continues to climb, showing that the strength of the uptrend is dying out as the price reaches the upper channel boundary.
Expect a bearish move for a continuation of the channel. Short positions may find a good stop loss option directly above the upper channel boundary.
Always ensure your stop and target offer you a positive Risk/Reward ratio. I personally target 2 R trades that ensure I only need 33.3% win rate to break even, and a 50-60% win rate is highly profitable.
sxpIt is at the bottom of the descending canal and is in the important range of action price
It can go down to the bottom of the side channel, but in case of failure of its ascending channel.
There is also news of swipe financail
XELA channels and divergencies asking for reversalRSI , MACD vs channel divergency , double bottom ... Seems like a step before trend reversal .
EURUSD Resistance And Support 15MResistance break → Waiting for retest → Long
Support break → Waiting for retest → Short
Divis lab Channel BOHorizontal channel BO but volume is not enough or above 20 EMA.
If closed above 5373 with volume then it can move further.
CMP=5372
Sol/usdt Long IdeaChannel breakout + 100ema breakout + rising adx + good volumes + higher time frame confluence on bullish side + inverse head and shoulders breakout
ETHEREUM GO UP OR DOWN ??The ethereum has reached a support zone after its fall. And after the pull back, it is making its descending channel.
Our first expectation is that the price will hit the channel again and fall again to the support zone.
The second possibility is to break the channel line and reach the resistance again.
BTC DYNAMIC AND FIBO OVERLAP ZONE!!!If BTC breaks down the overlap we will see a sharp retracement and if it is not will go for 54000!!!!
