Very short term opportunity. Rejection at $100k. Bear flag pattern.
Yello, Paradisers! Could #CHESS be gearing up for a breakout or is this a classic bull trap waiting for traders? Let’s break down the analysis of #Tranchess: ?#CHESSUSDT has recently broken out above the descending resistance of the descending channel—a major technical milestone. This breakout provided bullish momentum but faced a profit-taking wave at the $0.28 supply zone. Currently, the asset is coming down to retest its key support. ?The $0.2814–$0.3132 level stands as the immediate barrier for #CHESSUSD's sustained rally. A daily candle close above this zone would confirm a breakout, opening the doors for a potential bullish run toward the resistance levels at $0.4000–$0.4500. This zone has historically attracted significant selling pressure, so expect a battle between bulls and bears at these levels. ?On the downside, the $0.1643–$0.1206 region is a critical demand zone for #CHESS. If prices fail to maintain momentum and retreat, this area is likely to provide strong support, offering buyers a potential re-entry opportunity. ?A daily close below $0.1206 would invalidate the current bullish outlook. Such a move could trigger a deeper correction, driving prices toward sub-$0.1000 levels, effectively resetting the structure and catching over-leveraged longs off guard. Stay focused, patient, and disciplined, Paradisers? MyCryptoParadise iFeel the success?
Merry Christmas Guys! Hope you guys have a wonderful day. I slightly make some change for the levels, and here are some important levels that I am watching: 2584 - 2608 - 2622 - 2633 - 2652 - 2664. Todays gameplan OANDA:XAUUSD : If the gold price holds above 2622, I would consider a BUY. Set the Stop Loss at 2615 and aim for the First Take Profit target at 2629, with the Second Take Profit target at 2633. If the gold price breaks below 2608, I would consider a SELL. Set the Stop Loss at 2615 and aim for the First Take Profit target at 2600, with the Second Take Profit target at 2595.
? Ethereum 1-Hour Analysis ? Here’s what we’re watching: ? Upside Targets: • TP1: 3520 • TP2: 3600 ? Downside Targets: • TP1: 3370 • TP2: 3270 Keep an eye on key levels and trade smart! ? What’s your take? Drop a comment below and share this with your trading crew! ? #Bitcoin #BTCAnalysis #CryptoTrading #TechnicalAnalysis #TradeSmart
The chart speak for itself. This is the most realistic scenario...coz I say it. Of course not, but it is certainly making more sens than some previous moonchart I've seen which use straight trendline like sky was the limit... Maybe it is. Lets see how it all plays out.
Chart Overview: Instrument: SPDR S&P 500 ETF Trust (SPY) Timeframe: 4-hour chart Indicators on Chart: Moving Averages: Two moving averages, possibly the 8 EMA and 21 EMA, are visible and used for trend analysis. Dark Pool Levels: Represented by white dashed lines. Fibonacci Extensions: Horizontal levels plotted as profit targets. Trendlines: Yellow Lines: Represent a rising channel encompassing long-term price movement. Red and Green Lines: Form a triangle pattern suggesting potential price breakout. Volume Indicators: (Not directly visible, but implied in analysis as crucial.) Key Observations: Dark Pool Levels: A level around 605 (BA SW 605). Another level at 586.16 (BB SW 585). These levels often indicate significant institutional trading activity and are likely areas of support/resistance. Triangle Breakout: Price has broken out of a triangle pattern (green and red lines), indicating bullish momentum. The breakout occurred after a strong push above the 597.12 - 596.11 zone, confirmed by the candle close. Trend: The price is trading above both EMAs, which signals bullish momentum. The broader channel suggests an upward trend with potential consolidation at the top. Targets: Fibonacci-based profit targets are clearly defined at: 607.50 610.00 612.50 615.00 The first target (607.50) aligns with a critical resistance zone, suggesting potential short-term profit-taking. Support Zones: The previous triangle breakout zone (around 596.11) serves as a strong support. The lower dark pool level (586.16) provides additional safety if the price retraces significantly. Trade Idea: Entry: If not already entered, consider a pullback entry near the 597-596 range, which aligns with the EMAs and breakout level. Profit Targets: 607.50: Partial profit-taking area; first resistance. 610.00: Secondary target if bullish momentum sustains. 612.50: High-probability target if momentum accelerates. 615.00: Final target aligning with the Fibonacci extension. Stop Loss: Close below 596: Invalidates the bullish triangle breakout. Final Stop: Close below 586.16 (dark pool support), marking a shift to bearish momentum. Risk Management: Position size based on risk tolerance. Risk-to-reward ratio should ideally exceed 1:3, considering a stop at 596 and initial target at 607.50. Additional Notes: Volume Confirmation: Ensure the breakout is supported by a volume surge to validate institutional involvement. Dark Pool Activity: Watch for price action near 605 (BA SW) as it could act as temporary resistance.
I mean does it get more textbook than this BEARISH setup?? I will be buying NASDAQ:SMST as this really begins to BREAK DOWN soon. People will be buying in the 280s to only be trapped and extracted for more exit liquidity as it continues to fall to 220's. Depending on if they print more USDT to FAKE demand for BITCORN it could dive even deeper than that to the 180s... In the 180s panic will start & who knows after that. Michael Meth Saylor about to be sweating. This company is and will always be scam. Bye Felicia
Trade Setup for DDD: Entry: Enter a long position at $3.56 (current price or confirmed breakout above the trendline). Stop Loss (SL): Place your stop loss below the recent support level at $3.45. Take Profit Targets (T1, T2): Target 1 (T1): $3.68 (immediate resistance level). Target 2 (T2): $3.84 (next significant resistance).
Based on technical factors there is a Buy position in : ? EGLDUSDT ? Buy Now ?Stop loss 34.70 ?Target 41.80 ? R/R 2 ?RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes? and comments?
In this analysis of QQQ, we observe a potential bearish correction in progress after completing an impulsive move to the downside. The setup aligns with Elliott Wave Theory, highlighting a corrective ABC structure forming. Key Levels: Short Zone: 533.01 - 535.54 Stop-Loss: 536.45 (above key Fibonacci extension at 1.618) Target 1: 524.27 (Fibonacci retracement support) Target 2: 516.16 (extension and structural support) Strategy: Short Entry: Within the short zone (533.01 - 535.54). Stop-Loss: Set at 536.45 to manage risk. Take Profit: Gradual exits at Target 1 (524.27) and Target 2 (516.16). Context: QQQ is showing signs of bearish momentum after a corrective wave. Fibonacci extensions and Elliott Wave structure suggest a continuation to the downside. ? Reminder: Always manage your risk and confirm signals with your strategy before entering trades. #QQQ #TechnicalAnalysis #TradingSetup #ElliottWave #Fibonacci