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Technical Analysis

Understanding Symmetrical Triangle Breakout and Retest XAUUSD (Gold vs. US Dollar) is currently priced at 2680, with a target price set at 2660. This indicates a bearish outlook, suggesting the price is expected to drop. The pair has recently experienced a symmetrical triangle breakout, which is a technical chart pattern signaling potential price movement. After the breakout, the price is now in a retesting phase, a common occurrence where the price revisits the breakout level to confirm the move. Traders often view this as a critical period to assess the strength of the breakout. If the retest holds, it could validate the downtrend, increasing the probability of reaching the target price. However, failure to maintain the breakout level could result in a reversal. This scenario highlights the importance of monitoring key support and resistance levels. The retest phase provides an opportunity for risk management and strategic entry.
OANDA:XAUUSDLong
by AndrewsMarket-Mastery
GBP/JPY Technical Analysis: Targeting 500+ Pips GBP/JPY is currently priced at 190.200, with a target price of 185.000, implying a potential gain of 500+ pips. The analysis indicates that the pair is approaching a major trendline, which acts as a strong support level. This suggests the price may reverse or consolidate around this level. A break below the trendline could signal further downside potential, aligning with the bearish target. The 500-pip gain signifies a significant price movement, highlighting the importance of proper risk management. Traders should monitor price action near the trendline for confirmation. The setup reflects a technical pattern where the trendline's strength will likely dictate the next move. This level serves as a critical zone for potential entry or exit decisions. Staying alert to market sentiment and economic events related to GBP and JPY is essential for validation.
Short
by AndrewsMarket-Mastery
Alvotech breaking out towards 16-18 levelAfter price broke out of the bearish line before and after making a hammer, it started a retracement. My assumption is it will eventually retest the Weekly EMA 10 levels, which will serve as support. Going long there (with the SL below the EMA 10) is a conservative way to enter the bullish trend. We have measure the long wick/shadow of hammer to calculate the target price (12.57-9.15=3.42). TP1 = 16 (3.42+12.6) handle and TP2 = 18 (old supply zone). In terms of trade management, when TP1 is hit I would take profit on half of my position and roll my stop loss to breakeven, enjoying a risk free trade towards TP2. There are 5.5 pips to be made (if this pair follows the script) and the trade has a reward – risk ratio of 9!
NASDAQ:ALVOLong
by madhubansal
Gold--> Retest the resistance level before declining!Hello, dear friends! This is Ben here! Gold prices continue their upward trend, currently hovering around 2671, with a modest daily increase of 0.05%. The chart indicates that gold is consolidating and attempting to approach the critical resistance level of 2675. The bullish market structure suggests that prices are gearing up for a potential breakout. However, the key question remains, will the breakout occur? This depends largely on external factors, including the U.S. economy's performance and the inflationary trends, which have been long anticipated by the market. Based on current market behavior, we might expect gold to test liquidity and recheck key resistance levels before any potential downward correction. Buyers are likely to exercise caution after disappointing inflation data from China and hawkish signals from the Federal Reserve's recent meeting minutes. Frankly speaking, I’m not overly optimistic about gold’s upward momentum at the moment, given the lack of strong bullish catalysts aside from lingering trade policies, such as Trump's tariffs on major global powers. Fundamentally, the dollar’s strength and the Fed's hawkish stance continue to cap significant gains for the precious metal. Resistance levels: 2675, 2680 Support levels: EMA 2665, 2655 From a technical standpoint, the market structure remains bullish, and in the short term, we could see an attempt to break through the 2675 resistance. If successful, prices may test the next areas of interest at 2680 or even 2692 (OB Zone),which could later result in a possible decline. Best regards, Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
1
AUD/JPY: Bearish Reversal in Play, A Long Downtrend Awaits?Hey Realistic Traders, OANDA:AUDJPY has no chance for a Bullish Outlook? Let's dive into the analysis... After a prolonged consolidation phase, the Aussie Yen has once again traded below the EMA-200 line, forming a new lower high along the way. This bearish signal marked the beginning of a continued downward movement, which was further confirmed by a breakout from a rising wedge pattern. Such breakouts typically indicate strong bearish momentum, especially when accompanied by multiple bearish marubozu candlesticks. Further strengthening this outlook, a falling wedge breakout occurred on the JPYBASKET, signaling a continuation of its prevailing bullish trend. This divergence between Aussie Yen and JPYBASKET adds weight to our bearish analysis. Considering these strong technical signals, the price is likely to move downward toward the first target at 94.651 or potentially the second target at 93.716. However, this bearish scenario depends on the price staying below the critical stop-loss level at 98.478. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. "Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Aussie Yen".
Short
by financialfreedomgoals101
2
JPM A Banking Giant with More Twists than a Netflix Series JPMorgan Chase & Co. ( NYSE:JPM ) – A Banking Giant with More Twists than a Netflix Series 📊🔍 1/ Breaking Down JPM's P/E Ratio: Undervalued or Just Sneaky? With a P/E of 13.54, JPM trades below the industry average of 15.6x. This isn’t just undervaluation—it’s like finding caviar priced as canned tuna. Is this your chance to scoop up a gem? 🧐 2/ Who’s the Alpha Dog in Banking? 🐕 NYSE:JPM outshines peers like NYSE:WFC , C, and NYSE:BAC on core metrics. It’s like watching the teacher’s pet dominate a pop quiz. Ready to compare notes? TradingView’s got the cheat sheet. 🖊️ 3/ Earnings Season: The Plot Thickens 🎭 This Wednesday’s earnings release could flip the script. Will JPM confirm its star power or drop the ball? Set your TradingView alerts and grab the popcorn. 🍿 4/ Defaults on the Rise: Red Flag or Overreaction? 🚩 Rising credit card defaults might spook some, but is it just noise? With TradingView's data, you can decide if it’s a pothole or a sinkhole. ⚡ 5/ Debt Consolidation: JPM’s Secret Weapon? Think balance transfers and personal loans are boring? JPM doesn’t. They’re quietly building momentum in debt consolidation. TradingView has the growth story. 💳 6/ Risks: Do the Monsters Under JPM’s Bed Bite? Regulatory scrutiny, credit risk—JPM’s challenges are no bedtime story. But are these headwinds priced in? TradingView’s risk tools are your flashlight in the dark. 🔦 7/ Can JPM Keep Up with Fintech’s Wild Ride? 🚀 Legacy bank meets disruptor. Is JPM playing catch-up or quietly dominating? TradingView’s tools reveal if the OG is still king of the hill. 📱 8/ Blockchain: Banking’s New Frontier 🌐 JPM’s blockchain ventures could redefine the game. Payments, asset tokenization, and more. TradingView charts show if the hype is real. 🧑‍💻 9/ SWOT Analysis: Decoding JPM’s Strategy 🕵️‍♀️ Strengths? Plenty. Weaknesses? A few. Opportunities and threats? Let’s map them out. TradingView’s SWOT lens is where strategy meets clarity. 🔍 Strengths: Trusted Brand & Services: JPM offers a wide range from retail to investment banking. Diverse Revenues: Spread across multiple segments, reducing single-source dependency. Digital Leader: Significant tech investments for a top-tier customer experience. Global Reach: Operations worldwide for revenue diversity. Weaknesses: High Operational Costs: Large network and compliance costs. Credit Risk: Vulnerable to economic downturns. Regulatory Oversight: Constant scrutiny impacts profitability. Opportunities: Emerging Markets: Untapped growth regions. Wealth Management: Aging demographics offer growth. Fintech Innovation: Chance to lead in new technologies. Debt Consolidation: Capitalize on increasing debt. Threats: Fintech Competition: Eroding traditional banking market share. Regulatory Risks: Potential for increased costs or restrictions. Economic Downturns: Sensitive to market conditions. Cybersecurity: High risk due to digital presence. 10/ Latest News Hits the Charts 📈 Regulatory fines, office drama—how does the chatter translate into market moves? TradingView shows the impact of headlines on JPM. 11/ Is JPM a Value Play or a Mirage? Debate rages: Is JPM an undervalued titan or just treading water? Join the TradingView forums for hot takes and cool analysis. 💬 12/ What’s the Market Saying? 🔍 TradingView’s sentiment indicators tell the tale: bullish optimism or bearish caution? See what traders are betting on JPM. 🎲 13/ Technicals That Speak Volumes 🛠️ Triangles, trends, and Fibonacci levels. TradingView’s tools can spot potential entry points and confirm patterns. Will you catch the next wave? 🌊 14/ The Big Picture: JPM's Future 🌍 Blockchain, fintech, and resilient banking. TradingView’s long-term charts suggest JPM could be evolving into the Terminator of finance: old-school but built to last. 🤖 #LongTermInvesting #TradingView #JPM 15/ What’s Your Move on JPM? 📈 Buy for the long term 🔄 Hold for now 🚫 Avoid the risk share your take!
NYSE:JPMLong
by DCAChampion
$GBPUSD Smashes 500 to 1000 PIPS– Ready for the Next Power Move?FX:GBPUSD pair has delivered an epic performance, locking in a massive +1000 PIPS on the whole swing and +562 PIPS on the half swing! After smashing through +250 pips in the latest move, the big question arises: what's next for the Wave Swingers? With precision setups and powerful momentum, we analyze the next potential opportunities in this explosive trend. Stay patience & focused for the next wave of dominance! > All Trade setups provided advanced in time on IDEAS & MINDS.
Short
by blamezak_trades
EUR/USD (EU) Analysis (Daily Timeframe)Recently, we’ve observed a distribution phase in EUR/USD, followed by a markdown , confirming the overall bearish trend visible on both the daily and weekly timeframes. Key Observations: Bearish Structure: On the daily timeframe, price is consistently creating supply zones and showing strong reactions to them. The market structure confirms the downtrend with the formation of lower lows and breaks to the downside. EMA Interaction: The price is currently surfing downward along the EMAs , which are acting as dynamic resistance and reinforcing the bearish momentum. Scenarios to Watch: Continuation: Price could continue its markdown, heading toward the short-term target and potentially testing the psychological level of 1.0000. Re-distribution: There’s also a possibility of a move upward, creating a re-distribution phase to accumulate enough liquidity for a stronger push below 1.0000 . Fundamental Insights: Strength of the US Economy: The US dollar remains strong due to: Higher interest rates maintained by the Federal Reserve to combat inflation, which increases the demand for USD-denominated assets. Strong labor market data , with low unemployment and rising wages supporting consumer spending. Positive GDP growth , reflecting resilience in the US economy despite global economic challenges. Weakness in the Eurozone: European economies are facing multiple headwinds, including: Energy concerns driven by geopolitical tensions, leading to higher costs for businesses and consumers. Slow economic growth as inflation continues to weigh on consumer spending. Divergence in monetary policy , with the European Central Bank (ECB) appearing more cautious about aggressive rate hikes compared to the Fed. The combination of these factors makes the USD fundamentally stronger, while the EUR struggles under the weight of economic and geopolitical challenges. My Perspective: Given the strong bearish structure, EMA surfing, and fundamental backdrop, I expect further downside momentum. However, the possibility of a re-distribution phase cannot be ruled out, especially if liquidity is needed to push below the 1.0000 level. Staying cautious and reactive to price action around key levels will be crucial.
Short
by TraderOuss_LumaNex
GOLD Analysis (Daily Timeframe)Gold has been extremely bullish for a while, consistently breaking to the upside and creating higher highs , accompanied by the formation of demand zones that were later mitigated for continuation. The last significant move was a reaccumulation (Re-acc) phase, which revisited unmitigated demand zones. From there, we saw a bullish reaction. However, due to low year-end volume , Gold hasn't been able to break its previous high. Since then, it has been ranging in the same area. Key Observations: Bullish Volume Returning: Recently, bullish volume seems to be picking up, signaling the potential start of the next leg upward. EMA Interaction: Previously, the price was "surfing" along the EMAs, demonstrating a strong trend-following behavior. Currently, the EMAs have tightened significantly, which often signals an impending price expansion—a strong indication that volatility and directional movement may resume soon. Two Scenarios in Play: Gold may continue ranging before breaking to the upside. The current move may sustain and lead to a new high. Liquidity Trap: The reaccumulation created a cloud of liquidity , with many traders now eyeing potential sell opportunities due to: - The break to the downside. - The formation of equal highs , often misinterpreted as bearish. This could very well be a Smart Money Trap , fueling a bullish move as liquidity is taken. My Perspective: I remain optimistic about the bullish scenario , as the overall market context suggests a continuation of the upward trend. This is a critical area to watch, and I will monitor closely for confirmation of the next move.
OANDA:XAUUSDLong
by TraderOuss_LumaNex
2
Boost your Trading Strategy with pivot points, Risk Management!🚀Boost your TradingStrategy with pivot points, historical insights,Support and Resistance, and smarter risk management! 🔍 Learning Goals📚🧠 By the end of this guide, you will: Understand How Pivot Points Work: Grasp the fundamentals of pivot points and their significance in trading. Recognize the Benefits of DCA Historical References 1.0: Learn how our historical references indicator enhances your trading strategy. Interpret the Meaning of the Indicators: Comprehend the functionalities of our unique support, resistance, and pivot zones. Master Risk Management: Acquire effective techniques to manage and mitigate trading risks using our tools. Introduction Are you looking to give your trading on TradingView an edge? Dive into the world of pivot points, enriched with historical context, and turbocharge your strategy! We'll blend the ancient wisdom from "Secrets of a Pivot Boss" with our innovative DCA Historical References 1.0 indicator and DCA Alpha 1.0 Trading Tool for Dollar-Cost Averaging to create a trading powerhouse. 🌟 Pivot Points 101 📚 Pivot points are like the secret sauce of trading, showing you where the market might turn. Think of them as the GPS of price action. From the Money Zone to Camarilla pivots, discover how these levels can predict market direction. 🔄 Understanding Camarilla Pivot Points and the Money Zone 🧐 Camarilla Pivot Points: Camarilla pivot points are a set of eight support and resistance levels derived from the previous trading day's high, low, and close prices. Unlike traditional pivot points, Camarilla emphasizes more minor levels believed to offer stronger support and resistance. Traders use these points to identify potential reversal zones and set precise entry and exit points. 💰Money Zone: The Money Zone, introduced by Nick Radge, is a range around the pivot point where most trading activity occurs. It’s divided into upper and lower zones, acting as key areas of support and resistance. The Money Zone helps traders understand where the market is likely to find equilibrium, making it easier to anticipate breakout or reversal scenarios. How DCA Alpha 1.0 Enhances These Concepts: 🔄 Dynamic Support & Resistance: DCA Alpha 1.0 dynamically adjusts support and resistance zones in real-time, ensuring pivot points remain relevant as market conditions change. 📈 Historical Context Integration: DCA Historical References 1.0 analyzes past pivot behaviors to identify patterns and improve the reliability of support and resistance zones, providing informed decision-making based on historical interactions. 🟢🔴 Momentum Visualization: Color-coded indicators show where the market's energy is fading or surging, helping traders quickly assess trend strength and potential exhaustion points. 🔔 Customizable Alerts: Set personalized alerts for when price approaches or breaks through dynamic support and resistance zones, ensuring you never miss critical trading opportunities. Practical Trading 📈 Pivot Points with Historical Data: Trend Confirmation: When you see 🟢 green indicators at lower lows, it's an optimal entry point, signaling bullish momentum! 👍 Reversal Signals: Spot a 🔴 red indicator at higher highs? That's a sign of overbought conditions, signaling a potential pivot in direction. 🔺 Support and Resistance as Pivot Points: Our support and resistance levels act as crucial pivot points, enhanced by color changes to provide clear buy and sell signals: 🟢 Green Support Zones: Indicate strong buying opportunities where the market is likely to bounce back. 🔴 Red Resistance Zones: Highlight areas where selling pressure may increase, potentially leading to price reversals. Synergy with DCA Tools: Combine with DCA Alpha 1.0 Trading Tool for Dollar-Cost Averaging and DCA Historical References 1.0 for a trading strategy that's as layered as a gourmet cake. 🍰 Strategy Overdrive 🚀 Risk Management: With probability metrics, manage your risks like a pro. Think of it as having a crystal ball for setting your stops. 🔮 Entry/Exit Tactics: Learn when to jump in or bail, thanks to DCA Alpha 1.0 Trading Tool for Dollar-Cost Averaging. 🚪 Conclusion By marrying the time-tested pivot strategies from "Secrets of a Pivot Boss" with our cutting-edge DCA Historical References 1.0 and DCA Alpha 1.0 Trading Tool for Dollar-Cost Averaging, you're not just trading; you're mastering the market with historical insights and real-time data. Get ready to level up your trading game on TradingView! 📈🔝
NASDAQ:AAPLEducation
by DCAChampion
TradeCityPro | OPUSDT Starting the Week with a Drop?👋 Welcome to TradeCityPro Channel! Let's prepare our charts during the last hours of the weekend. It’s possible we might see some movement in the coming week, which could likely be bearish. Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin As always, before starting our analysis, let’s check Bitcoin on the 1-hour timeframe. Even during this holiday, Bitcoin is still just ranging with no significant events, which makes sense as a new structure is needed. I have a feeling that the upcoming week might be red. However, I suspect this short-term bearish wave will turn out to be a fakeout, leading to a reversal back upwards. This is just one scenario, though. Personally, I might open a long position after breaking the $95,323 level, depending on Bitcoin's dominance conditions. 🕵️‍♂️ Previous Analysis In our previous OP analysis, we highlighted our spot trigger, which was after breaking $2.688. However, it was never activated. This, along with the engulfing candle, caused us to stay in the range box, fluctuating within the same zone. 📊 Weekly Timeframe In the weekly timeframe, there isn’t much need for further analysis, as our previous one still holds. However, the weekly candle closing tonight might indicate a continuation of the rejection trend and a move toward the $1.338 support. The decline in volume clearly shows that no one is trading in this market at the moment. 📈 Daily Timeframe In the daily timeframe, we’re also in a daily range box. Currently, after being rejected at $2.681 and triggering the double top with the $2.161 support break, we moved a distance equivalent to a 1:1 risk-to-reward ratio for the double top pattern. Right now, after a heavy rejection at $2.161—which was somewhat a pullback—we are at the $1.749 support. Previously, this level was the daily range box resistance, but it has now shifted and turned into support. Regarding this shift in support and resistance, let me explain a chart detail. Look at the area labeled as "old support" on the chart. This was our previous resistance, but now it has shifted to $2.681, our new resistance. This is because the future (or the right side of the chart) shows two rejections from this area, making it more significant for us. Meanwhile, the $1.749 support aligns with the 0.618 Fibonacci level when measured from the start of the wave, which holds significant importance in Fibonacci analysis. After breaking this level, we could see a move down to the $1.335 support. If you’re holding this coin, it’s recommended to cash out temporarily below $1.335 and look for reentry points in the future. After breaking $1.749, a short position could also be opened. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
8
XRP ANALYSIS 🌸#XRP Analysis : Bullish Trend 🚀🚀 🚀As we can see that #XRP was making higher highs and higher lows. But finally we can see a breakout of flag and pole pattern. It indicates a bullish trend after it retest the inclining trendline. 💲💲 🔖 Current Price: $2.5454 ⏳️ Target Price:   $2.7055 ⁉️ What to do? - We can trade according to the #XRP chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #XRP #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
Long
by ZEUS_Market_Alerts
Unique Mathematical Approach to Support & Resistance DCA DCA Alpha 1.0: A Unique Mathematical Approach to Support, Resistance, and Buying The Dip 🚀 “Success in trading isn’t about predicting the future—it’s about positioning yourself to thrive in it.” Introducing DCA Alpha 1.0—an advanced trading indicator/strategy that combines mathematical precision with market psychology. By identifying Neutral Zones (dynamic support/resistance) and Extreme Zones (deeply oversold or overbought conditions), it offers traders a disciplined framework for buying the dip 🛒 and securing gains near market tops 💰. Let’s break down DCA Alpha's Neutral and extreme zones: 1. Neutral Zones: The Foundation of Support & Resistance ⚖️ Neutral Zones represent the market’s equilibrium, helping you decipher whether price action signals a pause, a reversal, or a breakout. Market Equilibrium: When price lingers in the neutral zone, it often serves as short-term support 📈 if price is above it or resistance 📉 if price is below. Reduced Guesswork: No more arbitrary lines! DCA Alpha 1.0 visually flags these zones, boosting confidence in your entry and exit strategies 🎯. Transition Points: When price moves from an Extreme Zone back to neutral, it signals either a cooldown after a rally 🔥 or a basing formation before a bounce 💪. 2. Extreme Negative Zones: Perfect for “Buying the Dip” 🛒 Extreme Negative Zones signal deeply oversold levels—moments when fear grips the market. Deep Oversold Levels: When price enters an extreme negative zone, it’s often a sign of fear-driven sell-offs 📉. Value-Based Accumulation: Forget guessing the exact bottom. Deploy a systematic dip-buying strategy by adding small, incremental positions as price remains undervalued 💸. Momentum Decay: DCA Alpha 1.0 detects weakening downside momentum 📊, helping you anticipate recovery even if prices keep drifting lower. 3. Extreme Positive Zones: Lock In Gains Early 💰 Extreme Positive Zones warn of overheated markets, giving you a chance to secure profits before the crowd. Overbought Alerts: These zones flag when markets are likely to face profit-taking or reversals 🔄. Profit Securing: Recognize these levels to exit or trim positions near potential peaks instead of chasing euphoria 🌈. Resistance in Action: Similar to Neutral Zones, extreme positive levels often act as a technical ceiling, capping bullish runs 📉. 4. Bringing It All Together: Dollar Cost Averaging / Buying The Dip 📊 DCA Alpha 1.0 simplifies strategic entries and disciplined exits, blending math and market psychology into a single framework. Strategic Entries: Pinpoint value-based accumulation moments with precision, allowing you to buy the dip systematically 🛒. Unleveraged Approach: Allocate a set percentage of equity whenever the indicator flags extreme negative conditions, avoiding emotional overreactions 🚦. Disciplined Exits: Watch for transitions into extreme positive zones to scale out or set tighter stops 🛑. Disclaimer ⚠️ This post is for educational purposes only and does not constitute financial advice. DCA Alpha 1.0 is designed for long-term, unleveraged strategies focused on value-based accumulation and prudent profit-taking. No indicator or strategy guarantees success—always assess your own risk tolerance and financial objectives before trading. Conclusion 🎯 DCA Alpha 1.0’s unique mathematical approach removes the guesswork around support and resistance, guiding traders toward value-based accumulation 🛒 and confident profit-taking 💰. By visually defining neutral, extreme negative, and extreme positive zones, it streamlines trading decisions in both bear and bull markets 🐻🐂.
BINANCE:BTCUSDEducation
by DCAChampion
6
#GOAT/USDT Short-Term Rally or Wave 5 Decline ?#GOAT/USDT is currently forming a descending channel with a 5-wave Elliott Wave structure. The price shows potential for a short-term upside move toward $0.69, which acts as a crucial resistance level at the upper boundary of the channel. If rejected at this level, the price may continue its downtrend toward $0.32, aligning with the lower channel boundary and Wave (5) target. Traders should watch for a breakout or rejection at $0.69, as it will determine the next significant move. A breakout could signal further bullish momentum, while rejection would confirm the continuation of the bearish trend. BYBIT:GOATUSDT.P
by wolfchemist
1
TradeCityPro | NEARUSDT Calm before the storm👋 Welcome to TradeCityPro Channel! Let's go to a day when financial markets are closed and update one of our previously analyzed altcoins, NEAR, and find new triggers together. Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin Before starting our analysis, as always, let’s check Bitcoin in the 1-hour timeframe, where the candles have become significantly smaller, the range of our fluctuations has narrowed, and the 1-hour candles now show 0.2% fluctuations. This observation, along with our hourly volume, indicates that there is practically no movement, and no one is deciding to trade. For now, it’s better not to make any decisions and just observe the market from a distance. However, this doesn’t mean abandoning the market entirely and coming back to the chart only after the market moves. 🕵️‍♂️ Previous Analysis In our previous analysis uploaded to the channel last month in the weekly timeframe, it can be said that almost nothing has happened. Our spot entry triggers were not activated, and we were simply rejected from the $8.289 resistance, fluctuating within the $3.73 to $8.28 range. 📊 Weekly Timeframe In the weekly timeframe, as we said, nothing special has happened to our chart. Currently, we are simply ranging within the weekly box, and breaking the support or resistance of this box can result in a sharp move. This week's weekly candle has one day left to close, and if it stays like this, it will engulf the previous two candles, suggesting that we are moving towards the $3.73 support. 📈 Daily Timeframe In the daily timeframe, we are also in a smaller box than our main box, ranging between $4.88 and $6.05, where it might range for a while. On the other hand, the $6.057 resistance can be considered a risky but promising trigger for spot buying, considering that the resistance at the top of the box, or $8.289, is likely to be broken sharply and whale-like. For exiting this coin, I currently suggest doing so below $3.544. Personally, after breaking $4.883, I prefer to open futures positions rather than sell my spot coins. If you pay attention to the $4.883 support, it is the 0.618 Fibonacci level, which is highly significant for our trend. If we rise from this level and break the $6.057 resistance, we can start a good upward move. ⏱ 4-Hour Timeframe In the 4-hour timeframe, after being rejected from the $6.058 resistance and printing a red candle, we moved back towards the $4.914 support. Currently, it can be said that we are stuck in a box ranging between $4.914 and $5.156. 📉 Short Position Trigger our trigger is entirely clear, and after breaking $4.914, we can open a short position, targeting $4.5 and $4.05. 📈 Long Position Trigger however, currently, both the volume is very low, and the chart has a very bearish vibe. But if we continue ranging in this short-term box and the sellers lose strength, staying here for a long time, or faking the $4.914 support, after breaking $5.156, we can open a long position—but with a small stop loss and quick profit-taking. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
13