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Parallel Channel

Bitcoin may correct a little and then continue to grow in wedgeHello traders, I want share with you my opinion about Bitcoin. The price has been moving confidently inside an upward wedge structure, which often signals a continuation in strong bullish trends but also warns of potential exhaustion if momentum fades. In this case, the wedge is forming after a clear impulse move and is supported by a solid base at the buyer zone. Multiple impulses from this level and consistent support at the current support zone have pushed the price higher, with bullish momentum now clearly in control. After a breakout from the previous resistance zone and a clean retest of the support area, the price started a strong rally. This move aligns well with the wedge formation, where both trend lines are narrowing upward, indicating that buyers are pushing steadily higher while sellers are becoming more aggressive, a setup that often leads to an explosive breakout if the resistance is breached. Now BTC trades above 93700, consolidating slightly below the wedge resistance line. Based on the wedge geometry and the strong impulse structure that preceded it, I expect the price to continue growing and test the 100000 level, which aligns perfectly with the upper wedge boundary and serves as my TP 1. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
9
MarketBreakdown | EURUSD, USDCAD, NZDUSD, USDCHF Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 EURUSD formed a huge head and shoulders pattern. The price is currently testing its horizontal neckline. Bearish breakout of that and a daily candle close below will confirm a bearish reversal and push the prices lower. 2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦 The price is breaking a solid falling trend line. Its violation is an important bullish signal that indicates a strength of the buyers. We can expect even more growth. 3️⃣ #NZDUSD daily time frame 🇺🇸🇳🇿 The pair is consolidating within a horizontal range. The price is going to reach its support soon. I suggest looking for a pullback trade from that then. 4️⃣ #USDCHF daily time frame 🇺🇸🇨🇭 The price is stuck within a horizontal parallel channel. I expect a bullish continuation within that and a test of its upper boundary. Then, look for a confirmation to see and try to catch a retracement from that. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
4
Avalanche (AVAX) RectangleBINANCE:AVAXUSDT is trading within a well-defined rectangle, after breaking out of a steep falling channel earlier this year. Key Observations • The current range has two clear touches on both support ($15.50) and resistance ($23.00), forming a valid rectangle structure. • This follows a sideways channel breakout, suggesting a consolidation phase which is often a precursor to a larger move. Range Levels • Resistance – $23.00: Capped price twice in April, marking the upper bound of the rectangle. • Support – $15.50: Held firmly on two separate pullbacks. • Midrange Bias – As long as AVAX remains within this box, directional conviction remains limited. Breakout/Breakdown Scenarios • Bullish Breakout: If AVAX closes decisively above $23.00, the measured target would be ~$30, based on the rectangle height projected upward (linear scale). • Bearish Breakdown: If it loses $15.50 support, the downside target becomes $10.50, calculated using the same rectangle height on log scale (to reflect proportional downside risk). Until either side breaks, this remains a range-trading environment.
by AliferCrypto
GOLD → The rally has given way to a correction. News aheadFX:XAUUSD is rising amid a challenging geopolitical environment. During the Asian session, a correction to the zone of interest (0.5 Fibonacci) is forming. The situation is quite complex and tense. On Tuesday, the metal strengthened to 3433 due to tensions in the Middle East, but during the Asian session, gold fell sharply due to optimism surrounding the upcoming US-China trade talks, the strengthening of the dollar, and profit-taking ahead of the Fed's decision. Investors are waiting for Powell's speech, which will determine the future of interest rate policy. Despite the decline, gold is supported by ongoing geopolitical risks in the Middle East, Eastern Europe, and South Asia. Theoretically, if the bulls keep the price above 0.5 Fibonacci, the growth may continue to 3439, as the price has not yet reached the liquidity zone. Resistance levels: 3439 Support levels: 3369, 3352 However, unpredictable data could trigger a return of the price to the range and a correction to 3323-3300. Risk is posed by upcoming news: FOMC, Powell's speech, and the rate meeting. The Fed's hawkish stance could put pressure on gold... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
33
NZDCAD → Intra-range trading. Retest of resistanceFX:NZDCAD is strengthening within a neutral trading range. The currency pair is supported by the dollar's correction, but how long will this last? Ahead of us are the FOMC meeting and Powell's speech... The focus is on the trading range within which the currency pair continues its local trend. Liquidity around the 0.8317 level is attracting the price. The correction of the dollar is having a positive effect on the NZD. However, news is ahead, and traders are expecting a hawkish stance from the Fed. Against this backdrop, a reversal may occur... Since the currency pair is in a neutral range, there is a high probability of a false breakout and correction. Resistance levels: 0.83175 Support levels: 0.82644, 0.8235, 0.8225 The liquidity zone is likely to stop the price (temporarily or reverse it). Further movement depends on fundamental sentiment, but based on rumors about the Fed's position, it is worth carefully analyzing what data the market will receive this evening. A tougher Fed policy or hints of one could strengthen the dollar and weaken currencies... Best regards, R. Linda!
Short
by RLinda
15
Gold Rally Running Out of Steam? PRZ May Trigger Drop!Gold ( OANDA:XAUUSD ) has hit the targets as I shared with you in yesterday's idae . Will this uptrend of the past 5-6 days continue? Gold seems to have broken through the Resistance zone($3,387-$3,357) and has been moving in an Ascending Channel for the past 5 days . In terms of Elliott Wave theory , Gold appears to be completing microwave 5 of the main wave 3 . The end of the main wave 3 can be at the Potential Reversal Zone(PRZ) . Also, expect to see a clear Regular Divergence(RD-) between Consecutive Peaks at the Resistance zone($3,434-$3,406) . I expect Gold to start declining from the Potential Reversal Zone(PRZ) and at least to the lower line of the ascending channel . This analysis is against the main trend, so pay more attention to money management . Note: If Gold touches $3,448(Stop Loss(SL)), we can expect more pumps. Note: If Gold falls below $3,342, we can expect a deeper decline than expected. Gold Analyze ( XAUUSD ), 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; 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.
OANDA:XAUUSDShort
by pejman_zwin
22
GOLD → An amazing recovery. Up to 3400?FX:XAUUSD continues to strengthen, testing resistance in the range, with buyers not giving up. The price breaks through the flat line and enters the buying zone; everything depends on the bulls... Gold is rising for the second day in a row amid a weak dollar, increased demand for safe assets, and escalating conflicts in the Middle East and Eastern Europe. Market nerves are being stoked by trade risks and instability in Asia, while investors await the Fed's decisions and Powell's speech. GOLD is breaking out of its neutral range. Focus on 3369 and local resistance at 3381. The fundamental backdrop is favorable for gold. If buyers hold their ground above the indicated levels, the price may continue to rise. Resistance levels: 3369, 3381, 3408 Support levels: 3352 (0.5f), 3330 I do not rule out the possibility of a retest of the local liquidity zone (long squeeze) at 3352 (0.5f) before continuing to rise. But at the moment, the focus is on 3369-3370, which are key levels (currently acting as support). Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
17
VIRTUALUSDT → Rebound from resistance. Trend break, U-turn?BINANCE:VIRTUALUSDT.P is pausing within an uptrend and forming a range within which signals of a possible reversal and decline are appearing. Bitcoin is pausing its rally and moving into correction. This is a negative development for altcoins, which will not grow without the flagship. VIRTUAL is consolidating, but pressure is building in the market (as can be seen from the cascade of resistance levels within the range). Another prerequisite for a breakdown of the market structure is a downward exit from the upward channel (a break of the trend support). Another retest of support at 1.581 could trigger a breakout and a fall. There is a fairly free zone below, and the nearest target is located in the 1.178 zone. Resistance levels: 1.72, 1.829 Support levels: 1.581, 1.416, 1.178 Focus on the current range of 1.581 - 1.829. The chart shows that the price continues to storm and test support, which is an important signal against the backdrop of a broken uptrend. A break of support at 1.581 and consolidation below this level could trigger liquidation and a fall to the fvg zone or the liquidity zone at 1.178. Best regards, R. Linda!
Short
by RLinda
3
USDCAD → Storming the support level to break throughFX:USDCAD continues to storm support within the trading range amid a global downtrend The currency pair is within the range, but the battle for support continues. The reaction to false breakouts is weakening and the price continues to attack the 1.378 level, which only increases the chances of a further decline The dollar is rebounding from resistance and beginning to fall, which is having a corresponding effect on USDCAD. If the currency pair breaks 1.378 and consolidates below the level, this could trigger a continuation of the trend after consolidation... Resistance levels: 1.381, 1.383 Support levels: 1.378, 1.374 Focus on the lower boundary of the trading range at 1.378. The role of the range is consolidation against the backdrop of a downtrend. Thus, a breakout of support will activate the distribution phase Best regards, R. Linda!
Short
by RLinda
4
Is Tesla Running Out of Road?Tesla has been rangebound for the last two months, and some traders may think it’s running out of road. The first pattern on today’s chart is the March high of $291.85. The EV maker peaked around the same level in late April and remains stuck there again in early May. That may suggest resistance is in place. Will traders look for a return to the recent lows under $220? Next, the stochastic oscillator is turning down from overbought territory. Third, the 50-day simple moving average (SMA) had a “death cross” under the 200-day SMA in mid-April. That may suggest its longer-term trend is getting more bearish. Finally, TSLA is one of the most active underliers in the options market. (Its 2.7 million average contracts per day ranks No. 2 in the S&P 500, according to TradeStation data.) That may help traders take positions with calls and puts. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options. Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com . TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:TSLA
by TradeStation
1
Bitcoin can bounce from support line of channel to 98500 pointsHello traders, I want share with you my opinion about Bitcoin. Looking at this chart, we can observe how the price of Bitcoin has been in recent price action. The asset had been confidently moving inside an upward channel, building structure through higher highs and higher lows. Each upward impulse was supported by pullbacks to the support line, showing continued buyer pressure. The latest breakout above the support area confirmed a bullish continuation, and the price entered the seller zone, where it faced resistance. Despite multiple attempts to break through, the price repeatedly turned around, forming a tight triangle pattern within the upper boundary of the channel. Currently, the price has broken down from the triangle, but it still holds above the channel's lower line. Given that the channel remains intact and there's no strong breakdown of the structure, I expect the price to rebound from the lower boundary and continue climbing toward my TP 1 at 98500, which aligns with the resistance line of the channel. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
18
HelenP. I Bitcoin may continue to grow inside upward channelHi folks today I'm prepared for you Bitcoin analytics. After bouncing from the lower boundary of the ascending channel and reacting strongly from the support zone near 92000, the price continues to respect the bullish structure. This level, which also aligns with the dynamic trend line, has acted as a powerful area of interest for buyers. Every touch to the trend line has resulted in a reversal to the upside, and this time may be no different. Previously, we saw a clear upward impulse that formed the base of the current trend channel. Then the market entered a consolidation with smaller pullbacks and held the 93000 zone with confidence. The recent retracement toward the trend line and support area is forming a higher low, which confirms buyer strength and sets the stage for another bullish leg. Given the strong support zone, the presence of an upward channel, and the steady bullish structure, I expect BTC to resume its upward move. My current goal is 99000 points. All elements signal bullish continuation. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
17
GOLD (XAUUSD): Your Plan to Buy The recent fundamentals pumped Gold prices again. The market is currently trading above a significant daily resistance. To confirm a validity of a breakout and to avoid a trap, I suggest paying close attention to a minor horizontal range on a 4H time frame. Your signal to buy will be a 4H candle close above 3388. It will confirm a breakout and increase the chances that the price will go up. Goal will be 3435 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
2
GOLD → Gold not ready to fall? What's going on?FX:XAUUSD is forming a local bottom and is not ready to continue falling. The price is breaking through the downward resistance amid a weakening dollar and a complicated fundamental backdrop. At the beginning of the week, the price of gold stabilized above $3,250 as investors returned to defensive assets due to ongoing uncertainty surrounding US trade agreements with China and Japan, as well as growing geopolitical tensions in the Middle East and Ukraine. The weakness of the dollar ahead of the Fed meeting and declining expectations of a rate cut are also supporting demand for gold. The focus remains on US trade news and the possible hawkish tone of the Fed this week. Technically, the price is testing the bottom of the range as resistance. If there is no reaction to the false breakout and the price continues to storm 3268, then a breakout and consolidation above the level will allow it to strengthen to 3292-3314. Resistance levels: 3269, 3294, 3314 Support levels: 3243, 3222, 3204 The price is forming a second retest of 3269 since the session opened. Buyers are testing resistance for a breakout. If the bulls break 3269 and consolidate above 3270, the chances for growth will be good. I do not rule out the possibility of a retest of the liquidity zone at 3243 before growth. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
17