Bolems

The chart provided shows an Ethereum (ETH) price movement against the US Dollar (USD) on a 1-hour time frame. The expectation is for a long position, indicating a bullish outlook.Analysis:Current Price Action: The chart shows a consolidation phase after a downtrend, indicating a potential reversal. The price has found support around $2,610, which aligns with the previous low, and there's a visible bullish momentum.Key Levels:Entry Point: The current level at $2,614.04 seems to be a potential entry point for a long position.Stop Loss: A stop loss could be placed just below the recent low around $2,586, to protect against a downside move.Take Profit: A potential take profit level could be set at $2,782.61, which aligns with the previous high and offers a favorable risk-reward ratio of 1:2.Conclusion:Given the current market structure and the formation of a higher low, a long position could be justified. The consolidation and support around the $2,610 mark suggest that buyers may step in, pushing the price towards the $2,782.61 target. However, it's important to monitor the market closely and adjust the strategy as necessary based on further price action.

Btc as taken the necessary movement I’ve been expecting for the past weeks, I guess it’s high time for BTC to drop again. I’m expecting it to drop to 39K range. See u guys there soon NFA DYOR

The structure of the market as shown that BTCUSD as an higher probability of going downward soonest. The market try to reverse back to its position in other to gain much strength to run a bull run but unfortunately the analysis as shown that the market is struggling to go up but market is not supporting it to be bullish. So for this reason, I think market is trying take out some liquidities then gain more strength from nearest resistance line available.

The structure shows that Gold might be bullish after the confirmation from the order block below. You can enter for a scalping sell now or u wait for a proper buy