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SOL/USD 4H📉 Price Current price: approximately $183–$184 We see a decline from the resistance zone around $194.56. The price has broken through support at $187.31 and is heading towards lower support at: 🔴 $183.18 – local support (being tested now), 🔴 $175.58 – key support (potential target if current support breaks). 📊 Market structure Short-term trend: Downtrend (lower highs and lower lows after a rebound from $194.56). Volume: Increased volume on bearish candles – confirming supply pressure. Previous trend: Uptrend with strong momentum from July 18th to July 21st. 🔁 Technical Levels Resistance: 🟢 USD 187.31 – last broken support, now acting as resistance. 🟢 USD 194.56 – strong resistance (tested twice). 🟢 USD 206.43 – local high, strong resistance level from higher timeframes. Support: 🔴 USD 183.18 – currently being tested. 🔴 USD 175.58 – stronger support from lower swing highs. 📉 Stochastic RSI Located in the oversold zone (<20) and pointing down. No upside crossover yet → no buy signal yet. If a reversal occurs, a technical rebound is possible. 📌 Conclusions and Scenarios 🔻 Downside scenario (more likely currently): Breakthrough of support at $183.18 ➜ further decline to $175.58. Potential entry into a correction of the entire upward movement from July 18-21. 🔺 Upside scenario (alternative): Support at $183.18 held + Stoch RSI signal ➜ rebound to $187.31. If buying volume increases, a retest of resistance at $194.56 is possible.
COINBASE:SOLUSD
by cryptodailyuk
BTC/USD Buy Setup (6H Chart)📈 BTC/USD Buy Setup (6H Chart) Strategy: Trendline Support Bounce 🔹 Entry Price: $118,674.3 Reason: Price is bouncing off a supportive trendline and holding above the 1st Support zone. 🔻 Stop Loss (SL) Price: $114,470.6 Reason: Below the 1st Support zone to protect against breakdown. 🎯 Take Profit Targets TP1: $123,269.6 Reason: Near recent swing high, good for partial profit. TP2: $127,661.4 Reason: Next resistance zone, ideal for full exit or trailing stop. #MJTrading #Bitcoin
OKX:BTCUSDLong
by MJElahifx
1
ETH/USDT 4H Chart📊 General Context Ethereum is rising in a strong short-term uptrend, supported by a rising trendline (orange). Current price: 3831 USDT We are approaching a significant resistance level around 3842–3850 USDT (green line). Technical support is located around 3760 USDT (previous consolidation level and 50/200 SMA). 🔍 Technical Levels Resistance: 3842–3850 USDT – local high, currently being tested. 4006 USDT – key psychological level and the last local high on the chart. Support: 3762 USDT – previous resistance, currently turned into support (may be tested in a correction). 3650 USDT – strong technical support, confirmed several times in the past. SMA50 and SMA200 – currently just below the price, also acting as dynamic support. 📈 Technical Indicators MACD: The histogram is rising and positive → bullish momentum. The MACD line crosses the signal line from below → a buy signal. RSI (14): Currently: around 64 → not yet overbought, but close to the overbought zone. Slightly rising trend, but may suggest impending market overheating with further gains. 🧭 Trend Short-term: strong uptrend (trend line, green candles, breakout from consolidation). Medium-term: higher lows and higher highs – the uptrend is maintained. The price is holding above the 50 and 200 SMAs – confirming bullish sentiment. ⚠️ What to watch next? A 4-hour candle close above 3842 USDT → confirmation of a breakout, a potential attack on 4000–4010 USDT. A break of the trend line (orange) → a possible correction to 3760 or even 3650 USDT is possible. An RSI rise above 70 → an overbought signal, a possible pullback or consolidation.
by cryptodailyuk
Brent Crude Sitting at Key Support – 69.20 Hold for a Rebound?Daily Analysis: Price is holding above the ascending trendline and forming higher lows. Multiple rejections from the 68.00 region suggest strong demand. As long as we remain above the trendline, bulls stay in control. 4H Analysis: Pullback after rejecting 71.00. Now sitting inside the 69.60–69.20 demand area. Bullish channel is still valid unless we break below 68.50. 1H Analysis: Price broke the rising channel but is now hovering near key support. Bullish re-entry possible if lower timeframe aligns around 69.60. Confirmation & Entry: If we see bullish engulfing or pin bar at 69.60–69.20, this could signal a long setup back to 71.00. Invalidated on clean break below 68.50.
PEPPERSTONE:SPOTBRENTLong
by AutoMarkets
MKR/USDT 4H📈 Trend and price structure • The price has just been above the downward trend line (yellow line), which suggests the potential reversal of the trend to the upward. • Breaking was strong - a candle with a large growth volume and an increase +9.13%, which emphasizes the pressure of buyers. ⸻ 🔍 levels of support and resistance • resistance: • ~ 2342 USDT - a clear level of resistance (green line) - may be the target for the next upward movement. • 2246.8 USDT - first resistance to overcome. • Support: • 2111.7 USDT - level of local support after struggling (earlier resistance). • 2048.8 USDT - SMA #1 (red medium), can be support at the back. • 1945.5 USDT - strong support in the form of long -term SMA (blue line, SMA #5). ⸻ 📊 Technical indicators ✅ MacD (below) • The MacD line cut the signal line up - buy signal. • The histogram is growing, which confirms the growth moment. ✅ RSI • RSI has bounced from level 40 and is currently above 60 - it suggests upward momentum, but it is not yet purchased, so there may be room for further growth. ⸻ ✅ Medium walking (SMAS) • The price was pierced by SMA #1 (red) and SMA #2 (green) with impetus, which means a change in sentiment. • If it stays above these medium - a bull signal. • SMA 50 (green)> SMA 200 (blue) = potentially a golden cross is formed on a longer TF. ⸻ 📌 Summary - technical scenario: 🐂 Bycza scenario: • If the price lasts above 2111.7 USDT, it may continue to increase to USDTt and further up to $ 2,342. • Confirmation will be the continuation of growth on MacD and RSI over 60-70. 🐻 Bear scenario (threats): • If the price drops below 2048 USDT, possible correction up to 1945 USDT. • RSI returning below 50 and Macd Cross down would be a reversal signal.
by cryptodailyuk
Sign / USDT : Huge breakdown and currently sitting on supportSIGN/USDT Analysis: SIGN is testing a crucial support level. The price has pulled back from its recent highs and is now sitting on a key Horizontal line. How the market reacts here will determine the next move. Bullish Scenario: Horizontal line Support: If the price holds above the Horizontal line and shows signs of buying pressure, a bounce could happen, and we may see the price move back up towards the previous highs. Confirmation: Look for strong bullish candles or an increase in volume to confirm the bounce. Bearish Scenario: Horizontal line Breakdown: If the price breaks below the Horizontal line and fails to recover, further downside could be expected. Target: Watch for the next support level to gauge the downside potential. Note: The market is volatile, and a shakeout could happen at any moment. Manage your risk carefully and only invest what you can afford to lose. Stay cautious and watch for confirmation before entering any positions.
by Crypto-by-PRIME
GBPUSD Idea – Demand Zones & Potential Reversal Play🧠 MJTrading: After a steady downtrend, GBPUSD is now approaching a strong 4H demand zone (Support 1), where we previously saw explosive bullish reactions. Price is also extended from both EMAs, showing potential for a technical pullback or full reversal. 💡Scenarios to consider: 🔹 If Support 1 holds → we may see a bounce toward 1.3500+ 🔹 If broken → Support 2 & 3 offer deeper liquidity and high-probability demand zones 👀 Watch for: Bullish reversal candles (engulfing / hammer) Bullish divergence on lower timeframes Volume spikes on reaction ⚠️ Invalidation: If Support 3 breaks with strong momentum, we might enter a bearish continuation phase. #GBPUSD #Forex #ChartDesigner #SmartMoney #PriceAction #MJTrading #ForexSetup #TrendReversal #SupportZones
Long
by MJElahifx
Bitcoin: Strategic Entry Plan on Pullback – 116k Buy Opportunity__________________________________________________________________________________ Technical Overview – Summary Points ➤ Bullish momentum across all higher timeframes (1H to 1W) supported by Risk On / Risk Off Indicator (Strong Buy). ➤ Major supports: 116,128 and 111,980 (multi-timeframe pivots). Key resistance at 123,218. ➤ Very high intraday volumes, pointing towards probable capitulation zones. ➤ Multi-timeframe behaviors: Technical rebound anticipated on the 116,128–115,600 zone, caution if 111,980 breaks. __________________________________________________________________________________ Strategic Summary ➤ Global Bias: Bullish confirmed mid/long-term. ➤ Accumulation opportunities on key pullbacks near 116,128 and 111,980. ➤ Risk zone: sustained closes below 111,980 = invalidation of bullish outlook (target 105,100). ➤ Macro catalysts: FOMC meeting (July 29-30), heightened event-risk period. ➤ Action plan: favor entries after FOMC volatility resolution, stop-loss adjusted below 111,980. __________________________________________________________________________________ Multi-Timeframe Analysis Daily (1D) : Compression under 123,218 resistance, primary bullish trend, no extreme signals. 12H : Healthy consolidation under resistance, no euphoria or panic, normal volumes. 6H : Price squeezed between major supports (116,128–111,980), uptrend confirmed. 4H : Institutional volumes on supports, favors technical rebound. 2H : Speculative rebound underway, confirmation needed for short-term bottom. 1H : Strong capitulation signal, record volumes, immediate retest of 116,128 support. 30min : Local oversold status, extreme sentiment, high technical reversal probability. 15min : Phase of panic likely ending, short-term rebound anticipated. Key Indicators: Risk On / Risk Off Indicator: Strong buy on 1D–4H, neutral on 30min and 15min. ISPD DIV: Neutral to Buy (capitulation signaled on 1H+30min). Volumes: Very high at lows = capitulation + potential bottom. MTFTI: Up momentum above 1H, down on lower timeframes (30–5min). __________________________________________________________________________________ Cross Timeframe Synthesis High timeframe alignment confirms bullish bias, supported by buyer volumes. Key zone 116,128–111,980 = multi-timeframe support, tactical focus. Main risk: break of 111,980. __________________________________________________________________________________ Operational synthesis & macro context Bullish bias validated unless breakdown below 111,980. Tactical accumulation window on pullbacks, 1H confirmation needed. Volatility risk increases ahead/during FOMC, dynamic stop management essential. Altcoins fragile: extra caution if BTC triggers Risk Off. Calendar to watch: FOMC (July 29–30), Durable Goods (July 25). __________________________________________________________________________________ On-Chain (Glassnode) : BTC consolidates, no extreme signs; ETH outperforming but caution on alts (elevated leverage). __________________________________________________________________________________ ⏳ *Decision Recap for July 25, 2025, 10:56 CEST:* — BUY ZONE tactical at 116,128–115,600 (BTC), 1H confirmation required. — Stop-loss below 111,980 / Swing target >120,000–123,218. — Risks : Fed announcements, flushes on supports, altcoins at risk. __________________________________________________________________________________
INDEX:BTCUSDLong
by Ox_kali
“BNBUSD Educational Breakdown – Support Rejection “BNBUSD Educational Breakdown – Support Rejection with $846 Target in Sight” Market Structure Overview: BNBUSD is exhibiting a bullish market structure after forming a textbook higher low at the major demand zone near $740–$750. This zone has been historically significant, offering strong rejections and triggering aggressive bullish rallies. A new bullish wave appears to be forming after price respected the ascending trendline and reclaimed the supertrend level, now acting as dynamic support around $782.2. ⸻ 🔧 Technical Confluences: • Support Zone: Highlighted between $738–$750, serving as a demand base. Recent price rejection here confirms buyers’ dominance. • Trendline Support: Price has respected an ascending trendline, signaling short-term trend continuation. • Supertrend Confirmation: Trend flip has occurred—price is now trading above the Supertrend line, indicating a fresh bullish momentum phase. • Break of Structure (BoS): Minor resistance around $784–$790 was breached, suggesting bullish continuation. ⸻ 🎯 Target Projection: Using recent swing highs and market symmetry, the next logical resistance lies at $846.9, aligning with the previous supply zone. This target also fits within the measured move from the support base to previous highs. ⸻ 📈 Trade Plan (Educational Only): • Long Bias Zone: Between $770–$780 • Invalidation Level: Below $738 (loss of support structure) • Target: $846.9 • Risk-Reward: Roughly 1:2.5 – favorable for swing traders ⸻ 📚 Educational Note: This chart is an excellent example of: • Structure trading (support/resistance) • Trend confirmation using a dynamic indicator (Supertrend) • Risk-managed entries with clearly defined stop-loss and take-profit zones.
BINANCE:BNBUSDLong
by Mentor_Michael03
1
TSLA weekly coiling into something powerfulNever doubt the power of TSLA. Recently broke out of a huge pennant, and now nearing the end of another pennant while simultaneously holding support above the daily 20EMA(overlayed on this weekly chart). Also recently found support off of the monthly 20EMA (overlayed on this weekly chart) and took 2 direct hits on the monthly 50EMA (overlayed on this weekly chart) before that and rallied up. It will take a lot to crush this setup but anything can happen. Possibly a longer pennant formation. I'm just a cat not a financial advisor.
NASDAQ:TSLALong
by BorrowedClothes
8
Bitcoin Bullish Structure Holds: Focus on Support Entries & Brea__________________________________________________________________________________ Technical Overview – Summary Points __________________________________________________________________________________ Momentum: Uptrend synchronization on all timeframes (MTFTI Strong Up). Risk On / Risk Off Indicator: strong buy on larger TF, neutral intraday. Supports/resistances: Main HTF supports well below current price (115,736–117,000, 111,980). Key resistances to break: 120,998.7 and 122,318. Volumes: Normal to moderate, no climax, no distribution detected. Multi-TF behaviour: No behavioural excess, no sell signal, intraday phases are consolidative just below resistance, which is normal. __________________________________________________________________________________ Strategic Summary __________________________________________________________________________________ Overall bias: Strong bullish, no end-of-trend alert. Buying retracement towards the Pivot Lows is preferred. Opportunities: Entries on dips to 115,700–117,000 (2H/4H); breakout above 120,250/122,300. Risk zones: Return below 115,700 or 111,980 = structural alert. Increased vigilance for macro releases (ECB/PMI/Jobless Claims). Macro drivers: Fed in focus (no move expected), volatility risk around July 29–30 (FOMC). Action plan: Entry on retracement, dynamic management. Stop-loss under 115,736 then 111,980. Partial exits on excess or confirmed breakout. __________________________________________________________________________________ Multi-Timeframe Analysis __________________________________________________________________________________ 1D: Resistances 122,318, 120,998.7; supports 115,736.9, 105,100.2. Risk On / Risk Off Indicator: strong buy, all synchronized bullish, no exhaustion. Daily bias: robust uptrend. 12H/6H/4H: Bullish confluence. Strong momentum, stable volume, validated supports. No ISPD excess, sectoral strength intact. 2H/1H: Consolidation below resistance; healthy structure. Supports to be favored for swing/intraday positioning. Minor intraday hesitation, no reversal. 30min/15min: Behavioural neutrality, lateral movement. Volume normal to mildly elevated, no overheating. Structural risk absent. Additional indicators: Risk On / Risk Off Indicator: Strong buy up to 2H; neutral on short TF. ISPD DIV: Neutral, healthy market, no excess detected. Volume: No climax or distribution, multi-TF structural support. Cross-timeframe synthesis: Multi-timeframe bullish alignment, no structural weakness. Opportunities on retracement, breakout plays above all-time highs. __________________________________________________________________________________ Synthesis & Strategic Bias __________________________________________________________________________________ BTC trend and momentum remain aligned, sector leadership (Risk On / Risk Off Indicator) intact. Strong HTF support, major resistances must break for extension. External risk: macroeconomic catalysts (Fed, ECB, US PMI). Premium opportunities on dips to supports, dynamic management essential around macro events. Final bias: as long as supports and indicator alignment hold, bull run continues. Partial exit at resistance; stops below validated pivots.
Long
by Ox_kali
Bitcoin Reinforced Bullish Trend, Range Focus & Key Volumes__________________________________________________________________________________ Technical Overview – Summary Points ➤ Strong bullish momentum across all main timeframes ➤ Key supports: 117600–116500 (short term), 115736/114000 (swing pivot) ➤ Major resistances: 119676, 120998, 123218 (potential short-term distribution risk) ➤ Volumes normal, no climax nor flush ➤ Risk On / Risk Off Indicator: "Strong Buy" bias (all TFs except 30min/15min neutral) ➤ ISPD DIV: No significant divergences ➤ Market consolidating in tight range below immediate resistance __________________________________________________________________________________ Strategic Summary ➤ Dominant bias: strong bullish on all major TFs ➤ Opportunities: buy on pullback to 117600–116500 support, or on confirmed breakout 119676/120998, targets: 123218–130000 ➤ Risk zones: clear break below 115736/114000 or extreme bearish volume ➤ Macro catalyst: No major impact expected short term. Watch Powell/Fed news, possible volatility without trend shift. ➤ Action plan: Prioritize long entries with stops (~2% below support pivot), partial profit taking above 123k, strict risk management in case of behavioral reversal or abnormal volume. __________________________________________________________________________________ Multi-Timeframe Analysis Daily/12H/6H/4H/2H/1H : - All trend signals bullish (Risk On / Risk Off Indicator "Strong Buy", MTFTI "Strong Up") - All major supports below price - No structural weakness - Consolidation range just below 119676–120998 resistance 30min/15min : - Neutral setup, lack of directional momentum - Normal volumes, no excessive activity - Flat consolidation, market awaiting catalyst Risk On / Risk Off Indicator : Fully confirms momentum. Shifts neutral short-term, no sell or reversal signal. Key summary : - Bullish trend dominant - Major supports well below, immediate risk is low unless flash volume spike or sudden news - Closely monitor the market under major resistance clusters __________________________________________________________________________________ Cross-Analysis & Strategic Synthesis Perfect convergence Daily to 1H: "Strong Up" momentum, bullish Risk On / Risk Off Indicator, healthy volumes Active consolidation on 30min/15min: market awaits catalyst, no notable bearish strength Structured pivot supports: 117600–116500, 115736/114000 Key resistances: 119676, 120998, 123218 (potential distribution/resistance zone) Preferred entries: support pullback or confirmed breakout above 120k Limited macro risk short term. Focus on Powell/Fed news and US calendar events (see table) On-chain: Short-term holders profit-taking in progress, alert if deterioration accelerates Plan: Partial profit taking above 123k extension, systematic stops below 115736 on invalidation __________________________________________________________________________________ Professional Summary BTC market shows a strong multi-timeframe bullish impulse, underpinned by robust sector and trend signals. Maintain risk discipline: key supports remain solid, but major resistance cluster requires increased vigilance for volume spikes or air pockets. Partial profit-taking recommended above 123–130k. R/R >2:1 for buys on pullback, strict stop loss in case of technical or behavioral invalidation. __________________________________________________________________________________
INDEX:BTCUSDLong
by Ox_kali
A Sleeping Giant in the Energy Sector?While everyone’s chasing the next hot AI stock, a quiet opportunity might be taking shape in the energy sector; and it could be a big one. 🔋 As AI data centers explode in size and number, the demand on our power grid is rising fast. Nuclear is still years away, and renewables are struggling to scale in time. That leaves oil and gas as the most reliable players; and one U.S. company may be perfectly positioned to ride that wave. 📊 Technical Analysis NASDAQ:PROP PROP has been in a steady downtrend, moving within a falling wedge pattern (marked in green). Right now, it’s retesting the bottom of that wedge, typically where things get oversold. Even more interesting, PROP bounced off a major monthly demand zone last week, a signal that buyers may be stepping in. In the short term, if the blue demand zone holds, we could see a push toward the $7 mark, which lines up with the top of the wedge. But to really confirm a medium-term reversal, we’ll need a clean break above the $8.3 resistance. If that happens, the door could open to a rally toward $15, a key level from early 2024. 🛢️ Why PROP? A Hidden Play With Room to Run Prairie Operating Co. (NASDAQ: PROP) isn’t your typical small-cap oil stock. They own 65,000 acres in Colorado’s DJ Basin and use modern drilling tech to stay lean and efficient. That means they can still make money even when oil prices dip. As energy demand continues to climb, PROP could be sitting in the sweet spot , especially with the world so focused on tech stocks. But behind every AI boom is a growing energy need, and companies like PROP are the ones powering it. One well-known Wall Street firm recently gave PROP a Buy rating with a $21.75 price target; that’s a potential 281% upside from where it stands today. And that’s not even counting the potential boost from energy-friendly policies under the current administration. 📌 One to Watch in 2025 PROP might just be one of the most under-the-radar energy plays going into the new year. The biggest moves often start quietly; and this one has all the ingredients to surprise. ➡️ As always, speak with your financial advisor and do your own research before making any investment decisions. 📚 Always follow your trading plan => including entry, risk management, and trade execution. Good luck! All strategies are good, if managed properly. ~ Richard Nasr
NASDAQ:PROPLong
by TheSignalyst
50
GBPAUD - Trading The Range - AGAIN!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPAUD has been hovering within a big range. Last week, as per our previous analysis, GBPAUD rejected the upper bound of the range and traded lower. This week, GA is retesting the lower bound of the range acting as a support. As long as the support holds, we will be looking for longs on lower timeframes, targeting the upper bound of the range. 📚 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
6
SOLUSDT 1H Short-Term🔍 Technical Structure: Short-Term Trend: SOL is currently in an uptrend, with local higher lows. This is evident from the orange uptrend line, which has been tested multiple times. Local Resistance: 205.14 USDT – yellow line – a resistance level that the price has touched several times but failed to break (this could be a double-top formation). Local Support: 198.48 USDT – the price is currently testing this level as support. 194.36 USDT – lower, more crucial support (stronger upon a trend breakout). 187.74 USDT – important support that would be tested in the event of a larger breakout. 📉 Oscillator – Stoch RSI: The Stoch RSI is currently in oversold territory (below 20), suggesting the possibility of a local rebound. However, there has been no upward crossover yet, so there is no strong buy signal. 🔊 Volume: We are observing a decrease in volume during the current correction, suggesting that the declines are relatively weak – there is no strong supply impulse. 🧠 Short-term scenarios: ✅ Bullish scenario: Price is rebounding from the trend line (orange) and the 198.48 USDT level. A break of the 205.14 USDT resistance could open the way to: 209.37 USDT 216.02 USDT (next target) ❌ Bearish scenario: A break of the trend line and the 198.48 USDT level with the 1-hour candle closing below. Possible decline to: 194.36 USDT (first support) and further to 187.74 USDT if selling pressure increases.
by cryptodailyuk
1
AVAX Long Swing Setup – Waiting for Support RetestAVAX has been rallying for two straight weeks, showing strong momentum. We’re watching for a healthy pullback into the $22.50–$24.00 support zone to position for continuation. If this zone holds, the risk/reward setup favors bulls with clear upside targets. 📌 Trade Setup: • Entry Zone: $22.50 – $24.00 • Take Profit Targets: o 🥇 $27 – $29 o 🥈 $33 – $35 o 🥉 $40 – $44 • Stop Loss: Daily close below $20.50
Long
by Richtv_official
4
THETA Long Swing Setup – Accumulation Phase Near BreakoutTHETA is still consolidating in a range, but momentum is quietly building. A break above $1.07 followed by a higher low would confirm structural reversal. We’re eyeing the $0.95–$1.00 zone for a clean entry on retest, offering solid risk-reward if support holds. 📌 Trade Setup: • Entry Zone: $0.95 – $1.00 • Take Profit Targets: o 🥇 $1.60 – $1.70 o 🥈 $2.10 – $2.20 • Stop Loss: Daily close below $0.90
Long
by Richtv_official
Gold Futures Long Setup – Breakout Continuation off the 0.618 FiGold Futures Long Setup – Breakout Continuation off the 0.618 Fib Instrument: Gold Futures – COMEX ( COMEX:GC1! ) Timeframe: 15-Minute Trade Type: Long – Breakout Continuation Entry Zone: 3390 (0.618 Fibonacci retracement) Take Profit: 3428 (0.786 Fib) Stop Loss: 3384 Risk/Reward Ratio: 6.68 Setup: Bullish Flag on Retest 🔍 Trade Thesis This trade is part of an ongoing breakout continuation strategy we've been trading, and now we're eyeing a pullback entry as price returns to a key retracement level. Price nearly exploded through the 0.618 Fibonacci level (3390) during the prior breakout. Now it's pulling back in a textbook bullish flag formation, suggesting healthy consolidation before the next leg. The 0.618 retracement is aligning with previous intraday structure and trendline support — making this an ideal level to scale in. This is a high R:R continuation play, with targets set at the 0.786 Fib level (3428) — right before macro resistance kicks in. 🎯 Entry & Exit Strategy Entry: As price touches 3390 or forms bullish confirmation at the level. Stop Loss: 3384 – tight and below key fib/flag structure. Target: 3428 – based on 0.786 Fib extension and breakout continuation projection. 📊 Why This Works Breakout behavior: Price respected the breakout impulse and retraced cleanly into a bull flag. Fib confluence: 0.618 pullbacks are a classic entry in trending markets. R/R of 6.68: Excellent reward profile vs. limited risk.
COMEX:GC1!Long
by JoshuaDanford
ETHUSD FORMED A BEARISH WEDGE. READY TO REVERSE?ETHUSD FORMED A BEARISH WEDGE. READY TO REVERSE?📉 ETHUSD has been moving bullish since July 9, forming the bearish wedge, supported by the bearish divergence. Today the price started to breakdown this pattern. A bearish wedge is a bearish reversal pattern in an uptrend, where the price forms higher highs and higher lows within converging upward trendlines, signaling weakening bullish momentum and a potential downward reversal. To trade, identify the wedge with declining volume and confirm with RSI or divergence. Sell or short on a breakdown below the lower trendline with a volume spike. Set a stop-loss above the recent high or upper trendline. Target the wedge’s height projected downward from the breakdown or the next support level with a 1:2 risk-reward ratio. The decline towards local support of 3,500.00 is highly expected. If the bearish impulse gets strong enough, we may see the decline towards 3,000.00 support level.
COINBASE:ETHUSDShort
by ProfessorSingapore