Bitcoin is currently trading around $88,857 after breaking below the previous support zone of $91,130. This sharp drop indicates strong bearish momentum, with the price now sitting just above the next significant support level at $88,909. A breakdown below this could open the path toward deeper corrections, possibly around $85,000 or lower. The RSI is trending downward, currently near 30, signaling that the market is close to oversold territory. However, being near oversold doesn't guarantee a reversal; the price can continue to drop if bearish momentum remains strong. If RSI bounces above 30, it might indicate a short-term relief rally. Momentum indicators are still showing negative pressure, with the money flow index remaining low, suggesting continuous capital outflow from the market. The momentum waves in the lower section of the chart continue trending downward, and there are no clear bullish divergences that would suggest an imminent reversal. Key resistance levels are now $91,130, $94,245, and $96,069. Any short-term bullish movement would likely face rejection at these levels without significant volume support. On the bearish side, a close below $88,909 would confirm further downside potential. If Bitcoin holds the current level and RSI recovers, there is a possibility of a short-term bounce to $91,130. However, given the strong bearish sentiment, the more probable scenario is a continuation of the downtrend toward lower support zones. Traders should watch for confirmation of a reversal before considering long positions, as the market remains in a fragile state with bearish momentum dominating.
SILJ a giant double bottom formation on the weekly
NVDA earnings plus the recent sell off and outflow give us a pretty wide trading range revolving around the 50 day MA. That’s all I’m writing today and let’s go over it in tonights video. Make sure to grab this chart (button just under the chart that says "Grab this chart" and let’s gooo…
Just now opened a short on xcn. Target: $0.01428 Thats where I anticipate it will bottom out. And I think this is a good area for entry
Here is first +90 Pips 0 Drawdown , i think if we have a good daily closure , the price will continue to upside this week . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Hello guys, What do you think regarding this scalp position on Gold? https://www.tradingview.com/x/59lZTFFD/
? Technical Breakdown: Gold has respected the key demand zone at 2,911 – 2,916, forming a strong base for a potential bullish continuation. The recent correction followed a complex wave pattern, completing an ABCDE structure before bouncing. The price is now moving towards the 161.8% Fibonacci extension at 2,992, a key upside target. ? Momentum Indicators: The Stochastic Oscillator is recovering from lower levels, signaling renewed bullish momentum. A break above recent highs could accelerate upside movement toward the psychological $3,000 mark. ? Trading Outlook: Bullish Bias: As long as Gold holds above 2,911, the upside structure remains intact. Upside Target: 2,992 – 3,000 based on Fibonacci confluence. Invalidation: A sustained break below 2,911 could shift momentum bearish. ? Are You Bullish on Gold? Comment below & hit Boost if you’re riding this move! ?✨ ? Follow for More Precision Trading Insights!
This chart represents a USD/JPY (U.S. Dollar / Japanese Yen) 1-hour time frame analysis. The key elements of the chart include: 1. Support and Resistance Levels: 149.294: A lower support level where price could bounce. 150.643: A resistance level that price may break through. Red Zone (~152.000): A strong supply/resistance area where price may struggle to go higher. 2. Price Action & Prediction: The price is currently around 149.713 and testing support near 149.294. The black arrow suggests a bullish scenario, where price is expected to bounce from support and move towards 150.643, potentially reaching the 152.000 resistance zone. 3. Technical Patterns: A potential breakout setup where price may push higher if it holds above support. Price previously rejected from the red supply zone (~152.000), meaning it could face resistance again if it reaches there. This chart suggests a possible buy opportunity around 149.294, with targets at 150.643 and 152.000. However, if price breaks below support, the setup could become invalid.
Für “Gossip Girl”-Fans wird Leighton Meester immer Blair Waldorf bleiben. Sogar jetzt, wo sie ihr braunes Haar gegen den Haarfarben-Trend 2025 tauscht – und dieser sieht so unerwartet elegant aus.
New research from Taraxa reveals that blockchain performance claims are inflated by 20X. As blockchain technology matures, the disparity in theoretical performance claims and real-world results continues to expand. A new study led by Steven Pu, Co-Founder of Taraxa, takes a deeper look at this gulf in expectations and actual network capabilities. In evaluating the […]