Chart Analysis: Ethereum (ETH/USD) on 1-Hour Timeframe Key Observations: Descending Channel Breakout: The chart shows a clear downtrend with a descending channel marked by multiple swing highs and lows (orange circles). A breakout has occurred after price reached the lower boundary, indicating a trend reversal or at least a corrective...
This chart represents a backtesting setup for a trading strategy on TradingView for the US100 (Nasdaq 100) index on a 1-hour timeframe. Key Observations: Price Structure: The chart displays a zigzag wave pattern, which resembles market structure movements in an uptrend. There are clear higher highs (HH) and higher lows (HL), indicating a bullish trend. Entry &...
Chart Analysis: Gold Spot (XAU/USD) - 1H Timeframe Key Levels Identified: Supply Zone: Marked in red at the top, indicating a strong resistance area where selling pressure has been high. Resistance at 2,930.16: The price has tested this level multiple times but failed to break above. Support at 2,880.10: A key support level where price has previously...
This chart is a EUR/USD 30-minute price chart from TradingView, showing a harmonic pattern (likely a Gartley or Bat pattern) along with trend channels and a projected price movement. Key Observations: Harmonic Pattern: The blue shaded area represents a harmonic pattern, likely a Bullish Bat or Gartley pattern. The labeled points X, B, C, D indicate the harmonic...
O Description Go through the analysis carefully and do trade accordingly anup BIAS for the day (12-03-2025) Resistance Levels: 2,928 - 2,932 USD (Major resistance). 2,918 - 2,920 USD (Local resistance). Support Levels: 2,912 USD (First support zone). 2,896 - 2,892 USD (Key support). 2,882 USD (Major support, potential target). Trend & Structure: Gold has been...
Tesla (TSLA) 15-Minute Chart Analysis Key Observations: Harmonic Pattern Formation: The chart shows a Bearish Harmonic Pattern (possibly a Gartley or Bat pattern). The pattern completed at point X, near 235 - 236 USD, suggesting a potential reversal zone. Bearish Rejection at Resistance: The price reached the X-point resistance and is showing signs of...
This chart represents the BTC/USDT (Bitcoin to Tether) trading pair on Binance, with a 1-hour timeframe. Observations: Bearish Structure: The price has been forming lower highs and lower lows, indicating a downtrend. A descending trendline is marked, showing the price rejection at key resistance levels. Key Support & Resistance Levels: Support is highlighted...
This is a 1-hour candlestick chart of Gold Spot (XAU/USD) against the U.S. Dollar from TradingView: Key Observations: Descending Channel Breakout Attempt The price was moving within a descending channel (highlighted in green). The lower boundary of the channel was recently breached, leading to a sharp downward move. The price reacted strongly to a key support...
hello traders what is your thoughts on BTC. My Analysis: The chart shows a falling wedge pattern, which is generally a bullish reversal signal. The price has broken out of the wedge and is now approaching the resistance zone (support area turned resistance) around $83,000. A successful breakout above this zone could trigger a strong upward move, as indicated by...
O Description Resistance Zones (Red Boxes): Several red box resistance areas are marked, indicating price levels where selling pressure has historically emerged. The most active resistance is around $2,927 - $2,932. The price is currently testing a lower resistance zone around $2,914 - $2,918. Support Zones (Red Box Support): There is a strong support level...
Analysis of the Gold (XAU/USD) Chart Chart Type & Timeframe: The chart appears to be a 30-minute timeframe of Gold Spot (XAU/USD). It shows price action with support and resistance zones clearly marked. Key Technical Levels: Resistance Zones (Red Box): The price is approaching a major resistance zone around $2,928–$2,930. Fibonacci levels indicate retracement...
Bitcoin (BTC/USDT) – Bullish Momentum Towards Resistance Chart Analysis: The price is currently trading at $82,987.41, showing an uptrend. A support level has been identified where price recently bounced. The price is breaking out of an ascending channel, signaling bullish continuation. The next major resistance level is around $86,294.90. A potential pullback to...
This is a Bitcoin (BTC/USDT) 2-hour chart from Binance on TradingView, Key Observations: Support Zone (Red Box at ~$76,000 - $77,000): The price recently dropped into this highlighted demand area and bounced back, indicating strong buying interest. Potential Reversal Pattern (Inverse Head & Shoulders or Double Bottom-like Formation): The price formed a sharp...