melikatrader94

melikatrader94 Updated 

hello guys! let's analyze gold together! Double Top Formation: A double top has been identified near the $2,675-$2,680 level, signaling a potential reversal from the bullish trend. Broken Channel: The previous upward channel has been broken, indicating a shift in market structure and possible bearish momentum. Two Scenarios Outlined: First Scenario...

melikatrader94 Updated 

hello guys! let's make it simple! the first two drives of the three-drives patter have been formed! I am waiting the third one! the triangle pattern seems a right level for getting long position! let's see what will happen!

melikatrader94 Updated 

hello guy! First of all! Happy New Year! I believe in a long position here! Why? let's explain it! Engulfing Zones: The term "engulfed" on this chart represents price levels where strong price movements absorbed opposing orders, marking areas of liquidity shifts. The most recent engulfing level near $93,500 is a critical pivot. It has established itself as a...

melikatrader94

what happened: Double Top Formation: A bearish reversal pattern is marked, showing two peaks at similar levels. After completing the pattern, the price dropped sharply to meet the "target of double top" near $3,150. Now: Symmetrical Triangle: The price is consolidating in a symmetrical triangle pattern. This pattern is typically neutral and indicates...

melikatrader94 Updated 

hello guys! let's dive into #xauusd #gold analysis! Supply and Demand Zone: The price recently touched the highlighted supply and demand (S&D) zone around $2,640-$2,650, showing resistance in that area. Trend Channel: The price is moving within an ascending channel, with higher highs and higher lows. However, the current trend shows signs of potential...

melikatrader94

hello guys! let's compare these two dominance indexes to forecast the alt season! Left Chart: Bitcoin Dominance (BTC.D) Trend Overview: BTC dominance is currently at 57.79%. A downward arrow indicates a potential drop to the 52% range, aligning with past support levels. Interpretation: A decrease in BTC dominance suggests that capital might flow out of...

melikatrader94

1-Technical Overview: BNB is in a strong long-term uptrend, trading within a rising channel. Right now, it’s sitting at $704, with recent momentum pushing the price higher by about 7.77%. Support Levels: $460–$500, which aligns with the bottom of the channel and previous consolidation zones. Resistance Levels: The top of the channel, potentially between...

melikatrader94 Updated 

Current Price: The chart shows Bitcoin trading at approximately $95,660, with recent downward momentum (-2.11%). Support Zone: Around $91,800 - $93,500 (gray highlighted region), providing a strong base where price could potentially reverse or consolidate. Resistance Levels: $98,200 - $99,000: The first resistance level to watch if the price bounces...

melikatrader94

The EUR/USD pair has been hovering near a critical psychological level of 1.0000, sparking debates among traders about whether the U.S. dollar's strength could push the euro below parity. Current market dynamics suggest that a break below this level is plausible, with a potential target of 0.9889. Historical Context: Why Did EUR/USD Fall Below 1.00 in September...

melikatrader94

hello guys! let's analyze Dogs! Liquidity Sweep ("Hunted"): A recent liquidity grab above the $0.0009000 resistance level indicates that smart money may have trapped late buyers before the sharp sell-off. This bearish move aligns with the concept of liquidity hunting, where key levels are taken out before price reverses. Bearish Momentum: DOGS/USDT has...

melikatrader94

hello guys! let's analyze Dogs! Liquidity Sweep ("Hunted"): A recent liquidity grab above the $0.0009000 resistance level indicates that smart money may have trapped late buyers before the sharp sell-off. This bearish move aligns with the concept of liquidity hunting, where key levels are taken out before price reverses. Bearish Momentum: DOGS/USDT has...

melikatrader94

hello guys. let's make this analysis a simple one! as you can see gold touched the upper S&D zone perfectly and at the same time touched the top line of the channel! now the midline of the channel is broken too! so we can consider a downward movement at least until the bottom line of channel

melikatrader94

Pattern Breakdown: Descending Broadening Wedge: Characterized by lower highs (LH) and lower lows (LL), this pattern reflects increasing volatility and a potential exhaustion of selling pressure. Historically, these patterns often resolve to the upside as buyers reclaim control. -------------------------------------- Current Structure: BTC has bounced from the...

melikatrader94

Shiba Inu (SHIB) is showing a textbook Cup and Handle Pattern on the daily chart, a bullish continuation structure signaling the potential for a significant breakout. Currently trading around $0.00002216, SHIB seems poised for a dramatic move higher as it approaches the handle's resistance. Key Pattern Insights: Cup Formation: The rounded base indicates a...

melikatrader94

Gold's recent price action on the 4-hour chart has unfolded into a fascinating Crown Pattern, hinting at a potential bearish continuation. This pattern, often associated with trend reversals, presents a compelling opportunity for traders to position themselves for the next move. Currently trading at $2,614, gold appears to be forming a consolidation phase within a...

melikatrader94 Updated 

Bitcoin's price action continues to intrigue traders as it consolidates within an ascending channel on the 4-hour timeframe. The recent rejection from the channel's upper boundary at $108,000 indicates that bearish pressure might dominate the short term. Currently, BTC trades around $101,450, testing a critical support level near $102,000. Key Observations: ...

melikatrader94 Updated 

hello guys! let's analyze GOLD Liquidity Hunted: The chart highlights a liquidity grab near the recent high (marked as hunted), where the price spiked above resistance before reversing sharply. Downtrend Movement: Gold has shown strong bearish momentum, breaking below a rising trendline and key support levels. A continuation toward the gray demand zone...

melikatrader94 Updated 

hello guys! Key Observations: Pattern Formation: Left Shoulder: Formed earlier around the $97,000 region. Head: A drop to approximately $96,598.96 (Fibonacci 0.618 retracement level). Right Shoulder: A potential retest of the $97,800 support area before continuation. Price Scenarios: Scenario 1: Bitcoin breaks the current resistance near $103,000 and continues...