PouyanFa

PouyanFa

A head and shoulders pattern has formed on Ethereum. If it gets activated, the price is likely to drop. However, if it fails to activate, it will itself be a bullish signal.

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The price went up to 3717 and got rejected. It’s currently sitting around the 3666 level with low volume, and for now, the market seems calm. It’s clear that a significant level has formed here, which looks reliable. We also have another key level around 3580. Based on my analysis, I expect the price to react to one of these two levels and then potentially start a...

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After a long time, oil managed to break out of that channel, but we see it has returned back inside the channel again. Hopefully, it will break out from one side soon so we can catch a good opportunity.

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After a deep correction, Bitcoin started an upward trend yesterday and is now at the midline of the 4-hour channel. The signs suggest that Bitcoin might possibly reach \$117,000.

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After our previous analysis hit the target, the price has now reached a key decision zone — whether it wants to move higher or not. At this point, we need to wait and see how the market decides, and then react accordingly.

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If the support in the \$37–\$38 range is confirmed, a long position can be taken targeting a new all-time high (ATH).

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After a sharp drop due to last week's news, the S\&P stock index is now at a critical point. Given the strong bullish trend it had previously, there’s a possibility we might see a return to the uptrend this week.

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Given the recent days of decline, it’s become much harder for Bitcoin to move up. It needs significant volume to break through the resistances ahead, and from a technical perspective, I don’t see that volume. I prefer a bearish scenario for now, as it could offer better short opportunities.

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Based on the previous analysis, after hitting the sell target, the price made an upward correction. Right now, it’s unclear whether we’re seeing the beginning of a trend reversal to the upside, or if the price is going to drop back below the zone, giving us another short opportunity. If it does drop again, there’s a possibility it could fall as far as 3000. We...

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In the past week, EUR was in a downtrend on the lower cycles, while showing a corrective move on the higher ones. Following Friday’s news, we saw a strong bullish candle. Unfortunately, the market closed shortly after, so we couldn't confirm whether it was the beginning of a solid trend or just a reaction to the news. As a result, in the coming week, we need to...

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Gold bounced strongly from the bottom of the higher time frame channel, and we should also consider that this bounce was triggered by news that was negative for the dollar on Friday. Now we need to wait and see whether this move is truly strong or if it's going to turn out to be a fake and head back down toward the bottom of the channel.

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Our analysis hasn’t changed much since yesterday — we still believe the price will reach the $3,330 zone unless buying volume increases significantly and this area turns out to be a fakeout.

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In the previous analysis, we spotted a head and shoulders pattern and mentioned that if it gets activated, it will hit the pattern target — and that’s exactly what happened. A clean and beautiful setup.

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Considering the breakout of the 4-hour channel and confirmation of the downtrend, reaching the \$3,330 level is not out of the question. This target was derived using a pattern-based projection from the channel breakout. I’ve personally taken this position, but I’m not recommending it — just sharing for informational purposes.

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After the news, the price nearly reached the bottom of the higher time frame channel and paused. We need to see whether the price can break into the channel or not. Personally, I don’t think that will happen. I believe a range will form within the marked zone, and then the price will drop further.

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We all saw how a large and strong candle formed right after the news, hitting the top of the previous channel. So now that channel top zone has proven to be valid. Now we have to see whether this candle leads to another drop in the dollar, or if the dollar recovers and slowly starts moving back toward 100.

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After reaching its last ATH, Bitcoin practically went into a coma. Now, with the strengthening of the dollar, it's undergoing a correction — and if that correction deepens, there's a possibility it could drop to \$110,000. We'll have to see whether it finds support around the \$112,000 level or not.

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If the Dollar Index manages to close above the 100 level today, following the important news release, there's a chance the upward move could continue toward the key 101 zone next week. However, unless it breaks above the 101 level with strong momentum, the overall trend in the higher timeframes still remains bearish.