GKTrademanthan

Key Observations:Pattern Formation:A broadening wedge or megaphone pattern (also likened to a bow tie) is forming.Price is oscillating between expanding trend lines.Labeled waves: 1, 2, 3, 4, 5 within the pattern.Critical Zones:Buy Above: $2,815.98 (upper boundary of the wedge).Sell Below: $2,258.03 (lower boundary of the wedge).No Trading Zone: Between $2,258 – $2,815 (uncertainty/consolidation area).Price Target:If price breaks below, Target 1 is indicated around $1,800 or below (implied from structure).Current Price:Trading at $2,748.56, up +5.05%, within the “No Trading Zone”.Summary:The chart suggests waiting for a breakout or breakdown from the wedge pattern to determine the next move. A breakout above $2,815 could signal a buy opportunity, while a breakdown below $2,258 could trigger a sell with a potential target near $1,800.Ask ChatGPT

Key Elements in the Chart:Wave Count (Possibly 1,2,3,4,5):The chart shows a potential Elliott Wave formation inside a "Megaphone" (broadening wedge) pattern.The current wave appears to be completing Wave 4, heading toward Wave 5.Buy Zone and No Trading Zone:A "Buy Above" level is marked just above $2,763, indicating a bullish breakout confirmation.A "No Trading Zone" is identified between ~$2,378 and ~$2,763, suggesting uncertainty or consolidation.Downside Targets (If bearish breakout occurs):Target 1: Around ~$1,900.Target 2: Much lower, near ~$1,000.Indicators:Bollinger Bands are applied, suggesting increased volatility within the megaphone pattern.

istorical Pattern Repetition (2024 & 2025):The chart suggests that SHIB is following a repeated pattern cycle:Stage 1 – Falling Wedge (Completed)Stage 2 – Cup and Handle (Completed)Stage 3 – W Pattern (Recently Completed)Stage 4 – Inverted Head and Shoulders (Pending Formation)Key Highlights:✅ Buying Zone Identified between 0.00001167 – 0.00001271 USD.🎯 New Target: 0.00002431 USD, representing a potential 90% return from the buying zone.⚠️ Breakout Awaited: Stage 4 pattern (Inverted Head and Shoulders) is pending confirmation, which could trigger a major upward move.🔄 Emphasis on pattern repetition to project future price action.Conclusion:The chart analysis suggests that SHIBA INU is mirroring its previous bullish cycle. With three bullish stages already complete and the fourth (inverted head and shoulders) pending, a breakout could lead to a significant price rally targeting 0.00002431 USD.

Ethereum Weekly Chart Analysis (as of May 14, 2025)1. Breakdown of M-Pattern:Ethereum has clearly formed and broken down from a large M-pattern, indicating a bearish double-top structure.This breakdown suggests weakness and the potential for a deeper correction if critical support levels fail.2. Retest of Triangle Pattern:After the breakdown, ETH has retested the lower boundary of a previously broken ascending triangle.This retest aligns with the $2,746–$2,370 zone, which is now acting as a strong resistance cluster.3. Current Price Zone – No Trading Zone:Ethereum is currently trading around $2,587, right in a no-trading zone (highlighted in the chart box).This zone represents indecision — neither a clear breakout nor breakdown — suggesting traders should wait for confirmation.4. Bearish Scenario – Pin Zone Break:A break below $2,370, the key horizontal support (also the neckline of the M-pattern), would likely confirm renewed bearish momentum.If this level is decisively broken, expect a strong downward move.5. Downside Targets:First major support: $1,410 – previous swing low.Final bearish target (highlighted in purple): $1,000–$1,004 — a psychological and historical support level.6. Upside Scenario (less probable currently):ETH would need to reclaim $2,746 and break back into the triangle to invalidate the bearish setup.Only then could the long-term target of $5,391 be reconsidered.Conclusion:Ethereum is in a critical decision zone. While the macro pattern signals bearish continuation, confirmation will come on a break below $2,370. If that happens, a drop toward $1,000 is highly likely. Traders should remain cautious and avoid new positions until a decisive move occurs.

Gold is at critical stage any movement from here will be sharp downside, I will wait for it It is forming M pattern in Day chart

Ethereum Stage 1 - Triangle Pattern - Gave perfect breakdown of triangle pattern Stage 2 - Form M Pattern - Have almost completed the selling targetStage 3 - Retesting completed *Current)Stage 4 - Forming inverse cup and handle and inverted head and shoulder patternStage 5- in either of the scenario it may come down but if it goes above 2297 expect it to reach 4000/500/7000 in coming daysStage 5.2 - if the retesting is completed and bearish patter is continued expect it to reach to 900 USDFor more details ping me GK Trade manthan

Trading patterns often tend to repeat themselves due to market psychology, investor behavior, and historical price movements. The current Shiba Inu chart appears to be mirroring past formations, reinforcing the cyclical nature of technical patterns. Stage 1, a Falling Wedge, was completed , similar to previous corrections on September 24 before a breakout. Stage 2, a Cup and Handle pattern, was confirmed , resembling earlier bullish continuation setups in August 2024. Now, the market awaits, Stage 3, the formation of a W pattern , which historically signals strong upward momentum in September 2024. Finally, Stage 4, an Inverted Head and Shoulders pattern expected, could mark a significant breakout, much like previous bullish reversals. These recurring patterns highlight the importance of studying historical charts to anticipate future price movements.

Shiba INU is giving breakout of cup and handle pattern ... Keep a watch on it

Gold is moving in pattern forming head and should pattern at the top, This is perfect candidate to short

Shiba INU - Will the history be repeated, I see falling wedge breakout, Elliot 5 waves completed .. Any movement from here is going to be big movement