Price with ascending channel support & no bearish divergence indicate continuation of bullish trend.
seeing potential of going for short in GBPUSD after we clearly see buyers are diminishing in power as market is in retracement move however confirmation will be right only if it touches the broken support
Here is the BCH (Bitcoin Cash) chart, as you can see, i am betting price goes up. A similar move to XRP will take BCH towards ATH prices.
SOL broke out of the descending channel a few weeks ago but failed. However it’s now breaking out again and using the top of the descending channel as support. We should see higher lows from here
SOL/USDT: Approaching Trendline Resistance with Strong Breakout Potential SOL/USDT is gaining momentum ? as it nears a crucial trendline resistance zone ?. The pair has been consolidating tightly, building up energy for a potential breakout ?. This could be the breakout we've been waiting for, signaling the start of a strong bullish trend ?. Stay alert and watch for confirmation signals before making a move. Key insights: 1. Trendline resistance: SOL/USDT is testing a significant trendline that has acted as a barrier in the past. A breakout above this level could unlock substantial upside potential. 2. Volume surge: A noticeable increase in trading volume during the breakout will confirm strong buyer interest ?. 3. Bullish signals: Momentum indicators such as RSI and MACD are turning positive ⚡, indicating growing bullish strength. Steps to confirm the breakout: Look for a decisive 4H or daily candle closing above the trendline ?. Watch for a volume spike during the breakout, signaling robust buying activity ?. A retest of the broken resistance as a new support level will add confidence to the move ✅. Be cautious of fake breakouts, such as sharp reversals or wicks above the trendline ⚠️. Risk management strategies: Set stop-loss orders to protect against unexpected reversals ?. Ensure your position sizing aligns with your overall trading plan ?. This analysis is for educational purposes only and is not financial advice. Always conduct your own research (DYOR) ? before making investment decisions.
https://www.tradingview.com/x/8q8NJrSC/ ✅EUR_AUD will soon retest a key resistance level of 1.6632 So I think that the pair will make a pullback And go down to retest the demand level below at 1.6490 SHORT? ✅Like and subscribe to never miss a new idea!✅
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