melikatrader94

melikatrader94 Mar 17

hello guys. In the 30-minute chart of Gold Spot (XAU/USD), A head-and-shoulders pattern has formed, signaling a potential bearish reversal. The price is currently consolidating near the right shoulder, and if a breakout below the neckline occurs, it could lead to a further downside. The volume profile indicates a strong support zone around $2,962 - $2,965, which...

melikatrader94 Mar 16

hello guys. As you can see, btc hunted the last low! On the other hand, it formed a head and shoulders. there are two entries: the neckline and the origin of the last move! The target: $89500

melikatrader94 Mar 12

hello guys. The previous trendline was broken, leading to a bearish move. Price formed a range, consolidating between key levels. A breakout occurred below the range, signaling weakness. The current retest suggests a potential rejection and continuation to the downside. If price fails to reclaim the range, we could see a drop towards the $2,875 - $2,860 ...

melikatrader94 Mar 11

hello guys. Let's see what happened for us index and what will happen: Uptrend Support: The price has been respecting a long-term ascending trendline since 2011, indicating a strong bullish structure. Recent price action suggests that the index retested this trendline and bounced off it. Key Resistance & Breakout Potential: The index is in a consolidation phase...

melikatrader94 Updated  Mar 11

hello guys. Let's analyze gold! Broken Trendline : The chart shows a previously strong uptrend that has been broken, signaling a potential shift in market structure. The price failed to sustain itself above the trendline, leading to a retracement. Key Resistance and Potential Breakdown: The price is currently hovering around the $2,903 level. There’s a...

melikatrader94 Mar 10

hello guys. The EUR/USD pair has witnessed a strong bullish surge, breaking through key resistance levels. However, two possible scenarios emerge from this critical point: 🔴 First Scenario (Bullish Continuation): Price could retrace to the 1.07-1.072 demand zone before resuming its upward trajectory. If support holds, the pair may climb towards the 1.10-1.105...

melikatrader94 Updated  Mar 10

hello guys. Market Structure & Pattern Bitcoin is forming a descending wedge, with lower highs indicating weakening bullish momentum. The price is testing the ascending trendline support, which, if broken, could lead to further downside. Anticipated Move A short-term bounce may occur, but a rejection from resistance is expected. BTC is likely to break below...

06:44

melikatrader94 Mar 3

hello guys! what do you think?! will btc touch the blue area?!

melikatrader94 Mar 3

Technical Analysis: The EUR/USD chart shows the formation of a double top pattern around the 1.0480 level, which is commonly interpreted as a bearish reversal signal. The price action highlights that the previous resistance level has been tested twice, with an inability to break above this level, suggesting that selling pressure is building. Additionally, a...

04:13

melikatrader94 Updated  Mar 3

I think the price will liquid some stoploss and then will toward the pointed area!

melikatrader94 Updated  Mar 3

📉 Recent Price Action: Bitcoin has been in a downtrend, forming lower highs and lower lows. However, a downtrend trendline has been broken, signaling a potential reversal or at least a relief rally. 📌 Key Observations: Fibonacci Levels: The price recently bounced from the 0.618 Fibonacci retracement level (~$81,051), a strong support zone. Support Zone (~$82,325...

melikatrader94 Mar 2

Key Level Analysis The phrase "if the price closes above this level then" suggests a confirmation level that must be broken for an upward move. The highlighted level seems to be an area of previous support-turned-resistance (around 0.00001150 - 0.00001200 USDT). If the price closes above this level on the weekly timeframe, it signals: Breakout...

melikatrader94 Updated  Feb 28

hello guys. let's analyze gold Resistance and Pullback: The price recently tested a resistance zone around $2,900, which could indicate exhaustion in the current uptrend. The immediate pullback from this level suggests that buyers are taking profits, and the market may temporarily retreat. Support Zone: The blue support zone (ranging from $2,820 to $2,840)...

melikatrader94 Feb 28

Ethereum (ETH) is currently breaking below the ascending trendline, signaling a potential further downside. The price is testing the first blue support zone, and if this level fails to hold, ETH is likely to drop towards the next major support area around $1,400. Key Levels to Watch: 🔹 First blue area (~$2,100–$2,300): ETH is currently breaking below this zone....

melikatrader94 Feb 28

hello guys Bitcoin recently completed a crown pattern, a bearish reversal formation that signaled a downward move. As expected, BTC followed the pattern structure and reached its target. Currently, the price has touched two critical technical levels: ✔ The balance line – A key horizontal support zone ✔ The ascending trendline – Acting as dynamic support from...

melikatrader94 Updated  Feb 28

hello guys! Double Top Formation: The chart clearly shows a double-top pattern, which is a strong bearish reversal signal. The break below the neckline confirms the downtrend continuation. Bearish Divergence on RSI: The RSI showed divergence, meaning the price made a higher high, but the RSI made a lower high. This signals weakening momentum and a likely...

melikatrader94 Updated  Feb 25

hello guys! such a day! let's look at ADA! Breakdown from the Ascending Channel: The price has fallen below the ascending channel, signaling a potential bearish trend continuation. A key support level around 0.7765 was broken, and the price is now testing lower regions. Two Possible Scenarios: Bullish Rebound: If the price reclaims 0.7765, a retest of...

melikatrader94 Updated  Feb 25

Technical Analysis The chart illustrates a well-defined ascending channel for the total crypto market cap (excluding BTC), currently experiencing a downward retracement. The price action suggests a probable dip towards the lower boundary of the channel around the $969 billion support zone before rebounding significantly. This level aligns with previous price...