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Double Top or Bottom

Is NOTUSDT About to Break Out? Watch This Key Zone Closely!Yello, Paradisers! Could we be on the verge of a bullish breakout with NOTUSDT? 📈 💎NOTUSDT has recently formed a classic falling wedge pattern, and we're also seeing a potential W pattern near the resistance zone. These formations are often precursors to a bullish move, but we need a confirmed candle close above the resistance zone to solidify this outlook. 💎If we do see a breakout, the bullish momentum could carry us higher. However, if NOTUSDT pulls back instead, a bounce from the support zone is likely. That said, given the current bearish sentiment across the broader crypto market, it’s wise to approach with caution. Scalping with smaller targets (TGs) might be the best strategy here to protect your capital. 💎Keep in mind, though, that a breakdown and candle close below the support zone will invalidate our bullish idea, signaling a potential continuation of the bearish trend. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
10
Bitcoin Analysis==>>Short-termBitcoin is moving near the Resistance zone($60,800-$56,700) and the Downtrend line . According to the theory of Elliott Waves , Bitcoin seems to have completed the Double Three Correction(WXY) near the Resistance zone. From a Classic Technical point of view, Bitcoin seems to have formed a Double Top Pattern . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect Bitcoin to drop to at least $52,600 . Bitcoin analysis on the daily time frame 👇 Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put 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.
Short
by pejman_zwin
20
XAUUSD/GOLD Deep correction rhythm - Opportunity for investorsGold market analysis for the US session on August 7, 2024: Gold has formed a deep correction downtrend. This is an opportunity for us to make some good entries for long-term positions. Currently, gold has completed corrections from the m15 - H4 timeframe; a correction phase is seen at the D timeframe. Key levels to watch are: 2408 - 2412, 2424 - 2427, and 2350 - 2355. Recommended positions: Plan 1: SELL XAUUSD zone 2408 - 2411 SL 2414 TP 2400 - 2390 - 2368 - open. Plan 2: SELL XAUUSD zone 2425 - 2427 SL 2432 TP 2415 - 2400 - 2380 - open. Plan 3: BUY XAUUSD zone 2352 - 2355 SL 2348 TP 2365 - 2380 - 2386.
FX:XAUUSD
by wetdyerap