Chart Patterns
#BTC Buy Zone Bounce Has Been Achieved📊#BTC Buy Zone Bounce Has Been Achieved✔️
🧠From a structural point of view, the ideal target zone of the bearish structure has been achieved, and it has received good support near the neckline support zone. The rebound has now occurred as expected.
➡️ Unfortunately, the lowest point was $342 away from our second entry point, and it was not triggered. But it is satisfying to be able to make money. The main profit has been locked in, and the remaining positions will look forward to the realization of the resistance zone. Congratulations to friends who follow the wolf king to print money. 💰🍻
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BINANCE:BTCUSDT.P
#Finnifty LevelsI’ve created a chart highlighting the key support and resistance levels for Finnifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Finnifty’s trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
Will GOLD (XAUUSD) Drop Lower?We observed two notable bearish breakouts in 📉Gold on the intraday and daily charts.
First, the price broke through a key daily horizontal support level. Furthermore, it closed below a critical ascending trend line.
This breakdown of both horizontal and vertical structures has now established an expanding supply zone.
Short positions are recommended from this zone, with expectations for a continued bearish trend targeting 2720.
Gold can continues to grow inside upward channelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a few moments ago started to grow inside the upward channel, where it at once rose to the resistance line and then made a correction movement. Next, the price continued to grow and later reached the resistance line of the channel again, which coincided with the current buyer zone, after which rebounded to the support line of the channel. Then Gold rebounded from this line to the resistance line of the upward channel, thereby breaking the 2605 support level, and also later exited from the channel. Price little grew and then started to decline, and in a short time fell to the support level. After this, Gold started to grow inside another upward channel, where it bounced from the support line and rose to the 2730 level. Price long time traded between this level, trying to break it, and later finally broke the 2730 level. After this, Gold rose to almost the resistance line of the channel, but not long time ago turned around and fell to the support area. At the moment, I think that the price can correct to support the line of the channel and then continue to grow inside the channel. For this reason, I set my TP at 2825 points, which coincides with the resistance line of the upward channel. Please share this idea with your friends and click Boost 🚀
Could the EUR/GBP reverse from here?The price is rising towards the pivot and could reverse to the 1st support level.
Pivot: 0.84541
1st Support: 0.84046
1st Resistance: 0.84860
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BITCOIN - Price can bounce from support area to $73800 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price rose inside rising channel, where it broke $61100 level and then reached resistance line of channel.
Then price continued to grow near this line, after it reached $66350 points, price turned around and started to decline.
In a short time, BTC exited from channel, fell to support area, and started trades inside wedge.
In wedge, price fell to support line, after which made upward impulse to $69000 level, made correction, and continued to grow.
Soon, price broke $69000 level and reached resistance line of wedge, but recently fell to one more support area.
Possibly, BTC can bounce up from support area to $73800 resistance line of wedge.
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GBPUSD H4 I Bearish ReversalBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2919, which is a pullback resistance.
Our take profit will be at 1.2810, an overlap support level close to the 161.8% Fibo extension
The stop loss will be at 1.3033 an overlap resistance level.
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Ethereum (ETH): Sharp Downward Move of 7% / CME Still UnfilledEthereum coin has a nice 7% market price movement where price moved just as we needed.
Now that we have approached the trend line, we are looking for a quick fill of the CME gap and, from there, a possible further movement to fill that lower CME gap as well (if sellers manage to secure the trend zone).
Swallow Team
BTCUSDMaybe I’m wrong, but i will trust my years of trading bitcoin, a similar pattern back in 2021, after a good bull run there a drop down off is gonna be less than that time but I’m sure maybe we will reach de 44k, i will share this trade idea and lets see how it goes, i will probably close this trade by the elections.
AMD Can it survive this horrific week?On August 13 (see chart below) we called the start of the new long-term Bullish Leg on Advanced Micro Devices (AMD), as a week before it entered the 2-year Higher Lows Zone and rebounded:
Still, the road (green Channel Up) isn't without its hurdles, and one of them is this week where the price is again being brutally sold towards the Higher Lows Zone. Notice that during the previous 2-week correction (August 26 - September 03 1W candles), the Zone's top was tested and held.
As a result, the multi-year trend remains bullish and will be this way for as long as the Higher Lows Zone holds.
It is interesting to observe at this point that the Bearish Phase of this pattern (March 04 - August 05) was in the shape of a Bearish Megaphone and can be compared to the one that bottomed on October 10 2022 and practically started the new Bull Cycle.
Notice also that so far each Bullish Leg (green Channel Up) rose by +141.87%. Within this comparison, and if we plot the Fibonacci levels from the Leg's bottom to top, we can see that the first Bullish Leg also had a rejection on the 0.618 Fib level and pull-back below the 0.786 into the Higher Lows Zone.
Obviously the current correction isn't ideal but it is not something we haven't seen and is within the tolerance levels of this 2-year pattern.
We expect another +141.87% rally to be concluded on this Bullish Leg, so our Target is straight up $295.00.
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Solana (SOL): 3 CME Gaps + Rejection From ResistanceSolana has made a really nice movement to the upper zone here, where price got totally rejected. After that rejection the price is heading now to fill the closest CME gap and most likely will fall even harder from here so eyes wide open!
More in-depth info is in the video—enjoy!
Swallow Team
GRTUSDT.P approaching 2-year higher-lows trendline
Hello, dear traders!
This one is for the long term. GRT is approaching a 2-year trendline that has been maintaining a series of higher lows. Will it hold this time? We'll find out soon. Remember, the older the pattern, the more reliable it tends to be. Volume is looking good, so let's wait and see how things play out.
Please share your thoughts, and I'll get back to you.
Thank you for reading!
VISTA - Cup&Handle lead to a possible explosion?$VISTA is the native currency of the Ethervista DEX, with a capped supply of 1 million tokens. Ethervista is a value-compounding deflationary token.
Could this tokenomics lead to a potential strong upward movement?
this coin is breaking the 10$ price level, where it could have a massive up side potential.
seen that we have our possible first potential target around 20$, and if the volumes mantain this growth in relationship with the price, we could see that coin fly very high..
If you like and you want to comment, feel free to do so :-)
stay tuned
good trading
DOLLAR INDEX (DXY): Bearish Decline from Key Resistance LevelI'm impressed with how the 📉 Dollar Index reacted to a key horizontal resistance level on the 4-hour chart.
Following this test, the index moved into a consolidation phase, forming a horizontal range. The breakdown below this range's support level has provided a clear bearish signal.
Now, we're observing a favorable retest of the broken structure, suggesting a likely continuation of the downward move. The target is set at 103.55.