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Parallel Channel

Altcoin Season Brewing?Hi, The OTHERS/BTC pair represents the collective market capitalization of altcoins relative to Bitcoin. This ratio is a critical indicator of altcoin strength or weakness against Bitcoin. The weekly chart reveals a prolonged bearish phase for altcoins, with Bitcoin dominance persisting. However, recent data suggests potential inflection points worth monitoring. Key Technical Elements: - Ascending Channel: The pair is moving within a well-defined macro upward channel. It is currently sitting at the bottom boundary, suggesting a potential reversal point. - Support Zone: The lower boundary of the channel (purple line) aligns with previous bounce points (2019, 2020, mid-2023), reinforcing its validity. - RSI Indicator: The RSI has shown bullish divergence with price making lower lows while RSI forms higher lows. My Opinion: This chart suggests we are near the bottom for altcoins vs BTC, and the risk/reward is heavily tilted in favor of a bounce, especially going into a potential Q3-Q4 altseason. It’s a classic accumulation zone where smart money tends to position. And what to do? - scale into altcoin positions cautiously. - Use the channel low as a stop-loss zone. - Look for confirmation over the next 1–2 weeks with bullish candles or increased volume. Happy Trading,
CRYPTOCAP:OTHERSLong
by ahmed_do
EURUSD – Testing 1H Supply Zone, Awaiting Confirmation | ProfitaAfter a strong bullish rally breaking previous highs, EURUSD is now reacting to the 1H supply zone (OB 1H) marked in red. We’re seeing an initial bearish rejection from this zone. If sellers maintain control, price may retrace toward the lower demand areas: Blue OB 1H zone (1.12200 – 1.12450) Green FVG 1H further below However, if buyers manage to push price above the red OB and close a candle above it, continuation to the upside remains a valid scenario. 📌 Key Levels 🟢 Support Zones: 1.12200 – 1.12450 1.11780 – 1.12000 🔴 Resistance: 1.13500 – 1.13800 ⚠️ Note: Watch for lower-timeframe (M5/M3) confirmations for entry. Only act on clear setups inside the zones. 🔍 Insight by ProfitaminFX
Long
by ProfitaminFX
USDCHF - Bulls Are Almost Ready! Are You?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈USDCHF has been overall bullish trading within the rising channel marked in blue. Moreover, the green zone is a strong support and structure! 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #USDCHF is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TheSignalyst
9
EURUSD - The Bears Are Getting Started!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURUSD has been bullish trading within the rising blue channel. However, it is currently retesting the upper bound of both red and blue channels. 🏹 The highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper trendlines and orange resistance zone. 📚 As per my trading style: As #EURUSD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
5
Cryptocurrency: Analyzing the Digital Asset RevolutionSince Bitcoin’s creation in 2009, cryptocurrencies have evolved from a niche tech experiment into a dynamic sector disrupting global finance. Grounded in decentralization and blockchain technology, cryptocurrencies aim to remove intermediaries and redefine money. Key Characteristics Decentralization: Operate on peer-to-peer networks, free from central authority. Blockchain Technology: Immutable, transparent ledger ensures trust and security. Tokenization: Real-world assets like real estate or art can be turned into digital tokens. Market Dynamics As of 2024, total crypto market cap exceeded $2.5 trillion. Bitcoin remains the dominant asset, but Ethereum’s smart contract ecosystem has catalyzed massive growth across DeFi and NFTs. Opportunities and Risks Opportunities: Financial Inclusion: Access for the unbanked via mobile wallets and stablecoins. Innovation: Enabling decentralized apps, automated lending, and cross-border payments. Risks: Regulatory Uncertainty: Governments are actively evaluating oversight frameworks. Volatility: Sudden price swings create high risk for investors. Security: Hacks and scams continue to plague the sector, especially in DeFi. Conclusion Cryptocurrencies have launched a financial paradigm shift, but for mass adoption to take root, regulation, user protection, and scalability must mature.
CRYPTO:BTCUSD
by HCN-News12
TAQA Arabia Egypt - To target 13.2 after crossing ResistanceDaily chart, the stock EGX:TAQA is trading in a rising channel, the price reached the support and is supposed to rebound upwards to target the Resistance line R at around 13.25 Consider the new entry Buy above 12.25 (2 days close) for more safety, or buy in parts down to 12.0 Stop loss below 12.00 (for 2 days) should be considered. Note: Closing above the Resistance line R for 2 days, the next target will be 14.3 passing through resistance level at 13.5
EGX:TAQALong
by snour
1
TAO Potential 4H Flag & PoleBITGET:TAOUSDT has printed a clean impulsive move followed by a descending consolidation channel — resembling a bull flag or falling channel continuation. The retracement went deeper than usual (down to ~$388, ~75% of the pole), which softens the textbook bull flag narrative — but doesn't invalidate the setup. Key Elements • Pole: ~$354 → ~$489 • Flag Low: ~$388 • Retracement: ~75% of the pole — a deep pullback, but still valid. • Target: ~$550 — measured from breakout point, equal to the pole’s height projected upward. Keep in mind that $460-$490 is a key S/R and the midline of a longer-term rectangle, so it could offer resistance. See here . Volume Note No clear volume contraction during consolidation, which weakens the classic flag interpretation. That said, volume could still confirm strength if it expands on a breakout. Target Logic Measured move from pole height points to ~$550 — only in play if a full breakout with strong volume follows.
Long
by AliferCrypto
2
CHANNAL PATTERN - KAJARIACERTechnical Analysis: Current Price: ₹1,003.9 Target: ₹4,000. This is a very ambitious long-term target, implying a substantial increase. "History Repeat Based": Identified a historical pattern that, if repeated, could lead to such a significant price move. Time Frame: 1 Year to 3 Year (indicates a long-term investment horizon for the target). Trendline Support and Parallel Channel Pattern: These are bullish technical indicators. Trendline support suggests that the stock is finding buyers at a certain level, preventing further declines. A parallel channel typically indicates a sustained trend within defined upper and lower boundaries; a breakout from such a channel can signify an acceleration of the trend. Fundamental Analysis : Market Cap: ₹15,984 Cr. Current Price: ₹1,004 Stock P/E: 46.8 (Higher than the Industry P/E, indicating a premium valuation) Key Fundamental Observations: Valuation Premium: Kajaria Ceramics trades at a P/E of 46.8, which is higher than the industry P/E of 40.2. It is also significantly above its intrinsic value and Graham Number. This suggests the market is pricing in substantial future growth or recognizing its brand strength/market position. Declining Profitability: The negative profit growth of -17.9% and the decline in EPS from the preceding year (₹26.5 down to ₹18.5) and also from the previous quarter (₹4.88 down to ₹2.67) are significant concerns. This indicates a recent slowdown or reversal in earnings. Strong Financial Health: Very low Debt to Equity (0.10) is a positive sign of strong balance sheet management. ROCE (16.8%) and ROE (12.8%) are decent, but could be better given the high valuation. Shareholding Pattern: Promoters: Stable around 47.49% as of Mar 2025. FIIs: Have decreased their stake from 23.38% (Mar 2017) to 15.79% (Mar 2025), with some fluctuations. DIIs: Have consistently increased their stake from 5.76% (Mar 2017) to 27.68% (Mar 2025). This strong DII buying is a positive sign. Public: Decreased from 23.47% (Mar 2017) to 9.06% (Mar 2025). No. of Shareholders: Increased from 37,855 (Mar 2017) to 89,567 (Mar 2025), indicating increasing retail participation. Balance Sheet: Consistent Growth: Total Assets have steadily increased from ₹1,176 Cr (Mar 2014) to ₹3,756 Cr (Mar 2025). Total Liabilities have also grown but seem managed. Reserves: Growing steadily from ₹514 Cr (Mar 2014) to ₹2,728 Cr (Mar 2025), indicating reinvested profits. Borrowings: Have fluctuated but remained relatively low compared to overall size, reaching ₹274 Cr in Mar 2025. Corporate Action & Latest News: Recent news would primarily focus on the company's latest quarterly results (which, as per your data, show a decline in EPS and profit growth). Any announcements regarding capacity expansion, new product launches, or market share gains would be relevant. Given its position in the building materials sector, news on real estate demand, construction activity, and government infrastructure spending would impact its outlook. Overall Assessment: Technical analysis of Trendline Support and Parallel Channel Pattern suggests a bullish outlook for Kajaria Ceramics. However, the fundamental picture shows some conflicting signals: Positive: Strong balance sheet with low debt, increasing DII participation, growing shareholder base, and a history of growth in assets/reserves. Negative: High valuation (P/E above industry, above intrinsic value), and importantly, a significant negative trend in profit growth and EPS (both year-on-year and sequentially in the latest quarter). Target of ₹4000 (1-3 years): This is an extremely ambitious target, requiring a nearly 4x increase from the current price. While "history repeat" can be a valid technical argument, it would require a significant turnaround in the company's profitability to fundamentally support such a valuation in the long term, especially given the current negative profit growth. Conclusion: While the technical patterns you've identified could indicate short to medium-term upward movement, the long-term target of ₹4000 seems very aggressive given the recent fundamental trends of declining profit and EPS. For such a target to be plausible, Kajaria Ceramics would need to demonstrate a strong and sustained turnaround in its earnings performance in the coming quarters/years. Considerations: Confirm Technical's: Ensure the trendline support and parallel channel patterns are clearly established and holding on the chart. Monitor Fundamentals Closely: Pay very close attention to upcoming quarterly results. A reversal of the negative profit growth trend is essential to support higher valuations. Risk vs. Reward: Evaluate the risk involved, especially with a stock trading at a premium valuation while showing declining profitability.
NSE:KAJARIACERLong
by sara54654
GOLD - Price can rise a little and then fall to support areaHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price grew in a rising channel, where it broke $2975 level and then rose to $3160 level, but next it corrected. Price exited from channel and entered to triangle, where it made a strong impulse up. Gold broke $3160 and $3345 levels, reached resistance line, and then made a correction movement, also making a first gap. Next, price some time traded below $3345 level, and later it at the last time rose to resistance line and then drop. After this, Gold made a second gap and then exited from triangle, after which it bounced from support level and started to grow. Possibly, price can bounce from support line of triangle and then fall to $3125 support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDShort
by WalterMoon
9
Educational Video: Nifty Outlook-How Technical analysis is done.We have tried to draw a parallel channel on Nifty hourly chart. The chart indicates that we are just below the mid channel line. The mid channel line will act as a resistance if the price is below the same and will act as a support if the price is above it. Right now it is acting as a resistance. Top of the channel always acts as a resistance and bottom of the channel always acts as a support. Additionally there are historic resistances and supports which indicate the other levels which may act as support or resistance. There are also Mother and Father lines (50 and 200 EMA)(EMA = Exponential Moving Average). To understand in detail how parallel channel works or how supports and resistance are derived or what is Mother, Father and Small Child theory. I would recommend you my book The Happy Candles Way to Wealth creation. By reading this book you can understand all these concepts with ease. You can additionally understand what is fundamental and technical analysis and how to do it. You will also get to understand the dos and the don'ts of investment in equity by reading various chapters on Behavioural Finance. Overall it is a value for money book available on Amazon in Paperback and Kindle version. The book is also available on Google play book and other E-book stores. You can also contact us for getting the copy of it. The Happy Candles way is one of the highest rated books in the category and you can go through the reviews of the book on Amazon before purchasing it. Based on Parallel Channel, Supports and Resistances, Mother Father and Small child theory resistances and supports of Nifty remain at. Nifty Resistances Remain at: 24815, 24909, 24977, 25045 and 25116. The channel top resistance for the current parallel channel is around 25372. Nifty Supports Remain at: 24780 (Mother Line Support), 24679 and 24537. The Channel Bottom support is currently around 24396. 24247 is the most important Father line support. Shadow of the candles currently is neutral. Indicating Nifty can still go in any direction. A pennant like structure (Triangle is also formed). This indicates that Breakout or Breakdown of this triangle or pennant can take Nifty a long way on either side. Nifty is currently squeezing in the pennant with limited space. Usually when the space is limited a Breakout can happen in either direction. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Parallel Channel and other Technicals Explained on a Nifty ChartWe have tried to draw a parallel channel on Nifty hourly chart. The chart indicates that we are just below the mid channel line. The mid channel line will act as a resistance if the price is below the same and will act as a support if the price is above it. Right now it is acting as a resistance. Top of the channel always acts as a resistance and bottom of the channel always acts as a support. Additionally there are historic resistances and supports which indicate the other levels which may act as support or resistance. There are also Mother and Father lines (50 and 200 EMA)(EMA = Exponential Moving Average). To understand in detail how parallel channel works or how supports and resistance are derived or what is Mother, Father and Small Child theory. I would recommend you my book The Happy Candles Way to Wealth creation. By reading this book you can understand all these concepts with ease. You can additionally understand what is fundamental and technical analysis and how to do it. You will also get to understand the dos and the don'ts of investment in equity by reading various chapters on Behavioural Finance. Overall it is a value for money book available on Amazon in Paperback and Kindle version. The book is also available on Google play book and other E-book stores. You can also contact us for getting the copy of it. The Happy Candles way is one of the highest rated books in the category and you can go through the reviews of the book on Amazon before purchasing it. Based on Parallel Channel, Supports and Resistances, Mother Father and Small child theory resistances and supports of Nifty remain at. Nifty Resistances Remain at: 24815, 24909, 24977, 25045 and 25116. The channel top resistance for the current parallel channel is around 25372. Nifty Supports Remain at: 24780 (Mother Line Support), 24679 and 24537. The Channel Bottom support is currently around 24396. 24247 is the most important Father line support. Shadow of the candles currently is neutral. Indicating Nifty can still go in any direction. A pennant like structure (Triangle is also formed). This indicates that Breakout or Breakdown of this triangle or pennant can take Nifty a long way on either side. Nifty is currently squeezing in the pennant with limited space. Usually when the space is limited a Breakout can happen in either direction. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
GOLD → Breaking of the downward trend structure...FX:XAUUSD is breaking out of the downward price channel and heading towards the zone of interest at 3346. A false breakout of resistance could trigger a correction before growth continues. Gold is rising for the third day in a row and trading above $3,300 amid a weakening dollar and heightened geopolitical tensions. Investors are seeking refuge due to concerns about US fiscal policy, trade disputes with China, and a possible Israeli strike on Iran. Gold is also supported by expectations of a Fed rate cut and weak prospects for the dollar. Technically, the price is heading towards the order block and resistance at 3345-3360. Since the opening of the session, the price has exhausted all its potential, and a retest of the key level may end in a false breakout and correction. However, based on the fundamental background, gold's growth may continue after the correction... Resistance levels: 3346, 3360, 3409 Support levels: 3288, 3265, 3245 Gold has returned to the buy zone, but the fundamental background is unstable, and any weakening of economic risks could send gold back south. At the moment, the focus is on 3346-3360, with a false breakout likely to trigger a correction. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
12
CADCHF: Pullback From Support 🇨🇦🇨🇭 There is a high chance to see a pullback from the underlined daily horizontal support on CADCHF. A formation of a high momentum bullish candle after its test and a consolidation on an hourly time frame confirms the strength of the buyers. Goal - 0.595 ❤️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.
Long
by VasilyTrader
2
GBPUSD may correct after false breakout The currency pair has overcome a huge 0.8% or 110 points since the opening of the session, having wasted all the potential and is trying to test the resistance. The potential for breakout and continuation of growth may not be enough and the price may make a false breakout and correction before the second impulse to the intermediate high, where the scenario with correction may be repeated Scenario: Breakout of 1.3402. No possibility to continue growth, return under the level and consolidation below the level - further sales. It is possible that the price will consolidate above 1.34 and will head towards the far, strong level of 1.34425 from which a false breakout and correction can also be considered.
Short
by AndeWave
20