melikatrader94

melikatrader94 Updated 

hello guys. Channel Breakdown: Gold has broken below its short-term ascending channel, signaling potential bearish momentum. Key Support Zone: The next critical support is marked near $2,628-$2,630 (highlighted zone), which previously acted as a consolidation area. Bearish Retest: The price may first retest the channel breakdown area around $2,690 before...

melikatrader94

hello guys! I wanna bet on this perspective:) I believe it would be a hunting in the daily time frame! Also, this pair engulfed the decision point! so we can consider a long position here! or wait until another confirmation happens!

melikatrader94 Updated 

hello guys, don't get me wrong! I still think btc remains bullish! but in one-hour time frame formed a head and shoulders pattern and broke it down! so we can expect a downward movement until $95921! but the Blue area is great for getting long positions too!

melikatrader94 Updated 

Key Observations: Ascending Channel: Gold is trading within a well-defined upward channel. The recent rejection near the upper boundary confirms resistance at higher levels. Pullback Underway: The price has shown a pullback from the highs and is approaching the internal trendline around $2,642, which could act as interim support. Major Support Zone: The...

melikatrader94 Updated 

hello guys! as you requested let's start to analyze #doge! Doge made sharp movements before forming a triangle! on the triangle pattern, it made a head and shoulders pattern and formed a trendline there! the target of the pattern is touched already! but if the price breaks up the top line of the triangle you can enjoy the long position as well! the target of...

melikatrader94 Updated 

hello guys! -------long term perspective--------- Long-term support zone: Cardano has found support around the $0.30 - $0.35 level, with previous price action indicating strong demand in this area (engulfed area and old S&D zones). Bullish reversal potential: The price seems to form a bottom after engulfing the support region, hinting at a potential...

melikatrader94

hello guys. Cup and Handle Pattern: The chart displays a well-formed cup and handle pattern, a classic bullish continuation signal. The handle has broken out, confirming the pattern. Target Projection: Using the depth of the cup, the target of the pattern is projected around $188,000. Fibonacci Levels: Price has surpassed the 0.618 Fibonacci retracement...

melikatrader94 Updated 

hello guys. Ascending Channel: Bitcoin is trading within a well-defined ascending channel, with support and resistance levels marked by parallel lines. Upper Resistance Zone: The price is nearing the upper boundary of the channel around $95,784, which may act as strong resistance. Bullish Momentum: The trend is bullish as Bitcoin has consistently followed the...

melikatrader94 Updated 

hello guys! as you see before: Gold broke the ascending channel but it didn't change the main bullish trend, why?! because it has a strong support level in the blue area! so I think we should stick to the long position and the bullish trend! now I suppose it will touch the blue area! so that level is suitable for getting a long position! let's see if the...

melikatrader94

Key Observations: Cup and Handle Pattern: The chart suggests a potential cup and handle formation, indicative of bullish sentiment. This is a continuation pattern often preceding upward price movements. Support and Resistance Zones: Immediate support is observed in the pink highlighted zone around 0.0006600. Resistance is evident at 0.0008315, aligning with the...

melikatrader94 Updated 

hello guys! Doge is so bullish in the high time frame! but in a lower time frame, it formed a triangle pattern! a symmetrical one! so if the price breaks down the triangle's bottom line we can get a short position toward $0.31! but if the top line will broken then add more volume to your long position! however, the blue area has a significant potential for...

melikatrader94 Updated 

This chart demonstrates a potential bullish scenario for DOGS/USDT on the 1-hour timeframe, as price action consolidates within a critical demand zone, showing signs of a reversal. Here’s the breakdown: Price Structure: The price has formed multiple Quasimodo Levels (QMLs), with QML1, QML2, and QML3 indicating a strong demand zone in the highlighted purple...

melikatrader94 Updated 

hello guys! as you know btc is so bullish! In the bullish trend, it forms a Qm pattern! on the Qml you can get a long positon immediately! or you can get a long position after the setup is confirmed!

melikatrader94 Updated 

The provided chart shows a clear bullish structure, with Gold trading within an ascending channel on the daily timeframe. However, recent price action indicates a pullback from the channel's upper resistance. Below is the detailed analysis: Price Structure: Gold has been respecting the boundaries of the ascending channel, with higher highs and higher lows...

melikatrader94

hello guys! Trend Breakout: The price broke above the long-term descending trendline, signaling a potential shift to bullish momentum. Current Range: The asset is trading within an ascending channel, with the lower boundary around $10 and resistance near $16-$18. Support Zone: A strong demand zone (S&D) around $7-$8 has acted as a launchpad for the recent...

melikatrader94 Updated 

Head and Shoulders Formation: Ethereum recently completed a head and shoulders pattern, resulting in a corrective decline toward lower levels. Double Bottom Pattern: A bullish double bottom is forming near the $2,918 support level, indicating a potential reversal zone for a long position. Key Levels: Resistance: $3,150 and $3,360 are crucial resistance...

melikatrader94 Updated 

hello guys. Rising Wedge Pattern: Cardano is currently forming a rising wedge, a pattern that often suggests a potential bearish reversal after an uptrend. Resistance Levels: Key resistance at 0.7021, where price may face selling pressure if approached. Support Zones: Immediate support at the lower boundary of the wedge. A breakdown here could signal a...

melikatrader94

hello guys... Broken Channel: The price broke out of the descending channel, suggesting the potential start of a reversal. Key Levels: Support: $0.0005900 zone (highlighted in purple as QML or Quasimodo level) is holding as a critical demand area. Resistance: $0.0007940 is the next target if the momentum continues upward. Engulfing Pattern: A bullish...