ByteSignals

🧱 Breakdown Retest StructureThe triangle/wedge was broken to the downside around May 28–30.After the breakdown, price has rallied back and is now hovering around the lower boundary of the broken triangle—classic bearish retest behavior.This structure often plays out as: Breakdown → retest of support as resistance → continuation down.🔴 Confluence for Bearish Outlook:Lower Highs + Weak Momentum: Recent price spikes are showing rejection wicks near $2,700, indicating seller strength.Volume Drop: Weak follow-through on the bounce suggests it's a corrective rally, not accumulation.EMA Pressure: The price is struggling to hold above the 20 EMA, showing hesitation.Bearish AB=CD Structure: The rally from the bottom might be forming a harmonic ABCD correction before the next leg down.Major Resistance Zone ($2,720–$2,800) is being respected—multiple rejections are evident.⚠️ Bearish price projections:If ETH fails to reclaim $2,720–$2,750 and closes below $2,580 on the 4H chart, expect downside targets:🎯 Target 1: $2,460 (recent support zone)🎯 Target 2: $2,220 (origin of the last rally)🛑 Invalidation: 4H close and hold above $2,800 would invalidate this bearish thesis.🧠 SummaryYou're spotting what looks like a bearish retest after a breakdown, which is a high-probability short setup in technical analysis. While bulls are attempting to push back, unless ETH breaks back into the triangle, the path of least resistance looks down.📌 Conclusion: Wait for a 4H rejection near $2,700 with strong bearish candle for confirmation. Stop above $2,800. Profit targets: $2,460 and lower.

Raydium is currently trading within a well-defined ascending channel, respecting both support and resistance since early 2024. After a healthy pullback to the lower trendline, price has shown a bounce, suggesting renewed buying interest at this key level.🔍 Pattern Observations:Price is holding the channel support strongly, confirming it for the third time.Mid-channel rejections have acted as temporary resistances, while the overall structure remains intact.The recent test of the lower trendline presents a strong risk-reward entry zone for long-term bulls.📊 Bullish Scenario:If RAY continues to respect this channel and breaks above the upper resistance:Breakout Target Projection (measured move from channel height):Current price breakout estimate: ~$2.43Height of channel: ~$4.50➤ Projected Target = $2.43 + $4.50 = ~$6.90 to $7.00Extended Projection (conservative fib extension aligns with your markup):Potential blow-off target: ~$25 to $30🎯 Targets (Post-Breakout):Initial: $6.90 ~184%Mid-Term: $15.00 ~517%Long-Term: $30.00 ~1135%💡 Conclusion:RAY is setting up for a potentially explosive breakout. If the structure holds, current levels may offer a high-probability long entry with favorable upside. Keep an eye on volume confirmation and daily closes above the mid-channel to gauge momentum.#RAYUSDT #CryptoAnalysis #Raydium #BullishPattern #BreakoutSetup #Altcoins #TradingView

Ethereum has shown a strong impulsive rally from the $1,750 zone, breaking through key resistance levels. Now, price is approaching a major supply zone and resistance between $2,450–$2,600, suggesting a potential pullback.🔹 Technical Highlights:The current move is a clean vertical impulse leg with little consolidation — a retracement is likely before continuation.Key Fibonacci retracement levels are drawn from the recent swing low to high:0.382 Fib: $2,2180.5 Fib: $2,125 (Buy Zone)0.618 Fib: $2,067A support block and potential bullish reaction zone is aligned with the 0.5 Fib level, marked as a “Buy Here” zone.RSI is deeply overbought (~86), increasing the likelihood of a temporary correction.🟢 Trade Plan Summary:Scenario : Price rejects from $2,450–$2,600 resistance, pulls back to the 0.5–0.618 Fib zone, and then resumes bullish momentum.Buy Zone: Around $2,125, with confluence from Fib, structure, and trendline support.Buy Zone: Around $2,125, with confluence from Fib 0.5, structure, and support.Target: New highs above $2,600, possibly heading toward $3,000+ in the medium term.📌 Outlook: Bullish on confirmation of pullback support — waiting for healthy retracement for re-entry.

Ethereum has officially broken down from the rising wedge pattern on the 1-hour chart, confirming a bearish reversal. The wedge breakdown was accompanied by a clear bearish divergence between price and RSI, where price made higher highs but RSI formed lower highs — a strong early warning of weakening bullish momentum. 🔻The price action has now closed below the wedge support line, signaling potential continuation to the downside.🔹 Current Outlook:Breakdown has been confirmed with a bearish candle close below support.RSI is turning down, suggesting more room for further downside movement.Immediate minor support zones are near $1780 and $1750.Bigger target lies around $1690 based on the measured move of the wedge.🔹 Trade Management: ✅ If you are already short from the wedge break, managing the trade with stop-loss above $1850 would be reasonable.\ ✅ First take-profit levels: $1750, then $1690 for extended targets.📌 Note: Watch for retest scenarios — price might come back toward the broken wedge support (~$1800–$1810) before continuing the drop ("kiss of death" retest pattern).

Gold (XAU/USD) is testing a strong support zone after a bearish move. This level has historically acted as a demand zone, making it a high-probability buying opportunity.Entry: Near the support zone around $2,880-$2,885Stop Loss: Below the support at $2,862 to manage riskTake Profit 1: $2,920 – Previous resistance levelTake Profit 2: $2,953-$2,964 – Upper range resistance📊 RSI is oversold, signaling a potential bounce.📈 If price holds above support, a bullish reversal could follow.🚀 A breakout above $2,900 could accelerate the move.🔔 Risk management is key! If price breaks below support, reassess the trade.#XAUUSD #Gold #Trading #PriceAction #Support #Forex