in 4 H time frame u can see an double top pattern BUT it didnt break the resistanse line, Short Scenario: if the resistance line break firs target is 2822, second target 2795, last target 2730 Long Scenario but let say the price continue to climb up, then what? in that first target is 3130 and second target is 3250 what you guys think? please follow me on X
GLQ has been selling off. Evidence is needed that this downtrend is over. A ChofCh is the only market structure shift that will indicate a trend reversal. There are signs of a bullish divergence on oscillators as volume is slowly picking up however more evidence is still needed.
Bollinger Bands Squeeze: - Price is compressing near the basis ($97,100) with narrowing bands (volatility = 809 ATR). - A breakout above $98,331 or breakdown below $95,869 could trigger a strong directional move. Momentum Indicators: - RSI (48.66): Neutral, but RSI-based MA (53.57) hints at slight bullish divergence forming. - MACD: Bearish crossover (MACD < Signal line), but histogram (-18) shows weakening downward momentum. Volume & Trend Strength: - Low ADX (14.52) confirms weak trend – consolidation phase. - Volume is muted (391), typical before a volatility spike. Scenarios to Watch: Bull Case: - A 4H close above $98,331 (Upper BB) targets $100,000+, especially with rising volume. - MACD reversal + RSI breaking above 55 would confirm bullish momentum. Bear Case: - Breakdown below $95,869 (Lower BB) opens path to $94,500 (Zoomed-in chart support) and possibly $92,100. - Watch for MACD histogram deepening into negative territory. Strategic Takeaway: - Aggressive Traders: Scalp the range between $95,869 – $98,331. - Conservative Traders: Wait for a confirmed breakout with volume surge. - Risk Note: Always pair entries with stops (e.g., 1.5x ATR = ~1,200 points).
It looks like gold in will first go down and and return to the level highlighted before finally going way down.
? #BNB Analysis : Update ✅As we said earlier, #BNB performed same. Now we can see that #BNB is trading around a major support area and following a trendline. We could expect around 10% bullish move if it sustain its major support area ?Current Price: $673 ? Target Price: $745 ⚡️What to do ? ?Keep an eye on #BNB price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #BNB #Cryptocurrency #TechnicalAnalysis #DYOR
Every project in crypto market is trying to solve a problem ,if any project affected by Bitcoin ! And loss its value by decreasing price of Btc! So what would be the projects value for??? will Rune overcome this issue?
Long entry signal for XVS/USDT confirmed by the trading system Based on our custom trading system rules, we had an initial long entry signal for XVS/USDT on February 12th, and the price has remained steady since then. Given that the system's conditions for a long position are still met, we can consider entering a long position today: MLR Crosses SMA: The Moving Regression Line (MLR) in blue has crossed above the Simple Moving Average (SMA) in pink, indicating a shift towards a bullish trend, which was confirmed on February 12th. MLR Crosses BB Center Line: The MLR has also crossed over the Bollinger Bands Center Line in orange, further confirming the bullish momentum at the time of the initial signal. PSAR Flips: The Parabolic SAR (PSAR), shown by black dots, has flipped to bull, signaling a bullish trend as it follows the MLR, which has continued to be the case. Price Above 200-period MA: The current price is above the 200-period Moving Average in red, confirming a long-term bullish trend that persists. Entry Strategy: Action: Enter a long position on XVS/USDT today, given the sustained conditions from the initial signal. Risk Management: Trailing Stop: Set your trailing stop at the current PSAR level, which will adjust dynamically with price movements to protect your position. Standard Exit Strategy: Exit: Continue to monitor for when the MLR crosses back below the SMA. This crossover will signal a potential end to the bullish trend and an opportunity to exit the position. This signal presents a potential trading opportunity according to our system's parameters, especially since the initial conditions have remained favorable. Remember, always consider additional analysis and risk management practices before making trading decisions. That is it Disclaimer: This idea is for educational purposes only and should not be considered financial advice. Always do your own research or consult with a financial advisor before trading.
The technical analysis I'm provided seems to outline a bearish scenario for a financial instrument, possibly gold (?), based on the concept of a *bearish order block* and a *neckline breakdown*. Here's a breakdown of the key points and their implications: --- ### 1. *Bearish Order Block* - An *order block* is a key concept in market structure analysis, often associated with institutional trading. A *bearish order block* typically forms after a strong downward move, where price consolidates before continuing lower. - In this case, the bearish order block is identified around *2880*, which suggests this level acted as a resistance-turned-support zone before the breakdown. --- ### 2. *Neckline Breakdown* - A *neckline* is a critical level in chart patterns like head and shoulders or double tops/bottoms. A breakdown below the neckline confirms a bearish reversal. - The breakdown at *2880* indicates a shift in market sentiment from bullish to bearish, signaling potential further downside. --- ### 3. *Retracement to Resistance (2910)* - After the breakdown, price often retraces to test the broken support level (now resistance) to confirm the bearish structure. - The retracement to *2910* is likely a test of the resistance zone, where sellers may re-enter the market to push price lower. --- ### 4. *Target Levels* - *1st Target: 2865* This is the initial downside target after the breakdown, representing a short-term profit-taking level. - *Strong Support: 2842* This level is identified as a significant support zone where price may pause or reverse temporarily. - *Final Target: 2760* This is the ultimate bearish target, likely based on measured moves or Fibonacci extensions from the breakdown. --- ### 5. *Gold (?) Sell Setup* - The analysis suggests a *sell strategy* for gold, with the expectation of a downward move toward the target levels. - Key levels to watch: - *Resistance:* 2910 (retracement level) - *Breakdown Level:* 2880 - *Targets:* 2865 (1st target), 2842 (strong support), 2760 (final target). --- ### Summary of the Trade Setup: - *Entry:* Sell near *2910* (retracement to resistance) or after a confirmed breakdown below *2880*. - *Stop Loss:* Above *2910* or *2880*, depending on risk tolerance. - *Targets:* 1. *2865* (1st target) 2. *2842* (strong support) 3. *2760* (final target). --- ### Additional Considerations: - Monitor price action around the *2842* support level. If price holds here, it could lead to a reversal or consolidation. - Use risk management tools like stop-loss orders to protect against unexpected price movements. - Confirm the bearish bias with additional indicators (e.g., RSI, MACD, or volume analysis) for higher probability setups. Let me know if you'd like further clarification or assistance! ??
Gold is at the top of an uptrend and has formed a Double Top reversal pattern. This indicates a potential bearish move, especially as the market is nearing a breakdown of the 200EMA and neckline of the pattern. Technical Analysis: Bearish Order Blocks: 2880 – After the neckline breakdown 2910 – After a retracement to resistance Target Range: From the pattern height, the expected drop is 500+ pips. Technical Target Levels: 2862 – First support 2842 – Second support 2831 – Key level 2812 – Critical breakdown point 2774 – Final target after trendline breakdown Trading Insight: Gold is showing strong bearish momentum, and after confirmation of the breakdown, holding short positions could yield high returns. Stay patient and follow the structure.
SOLVUSDT is testing a key resistance level and could reject from here. I'll be targeting lower levels for potential scalps. Key Levels: ? Resistance: Watching reaction near 0.03500 ? TP1: 0.03250 ? TP2: 0.03100 ? TP3: 0.02768 Risk Management: ⚠️ Trading is risky! No setup is 100% correct. Manage your risk properly.