linofx1

Even though ⚠️ETHEREUM is trading in a bearish trend since October, 📉 The pair has been in a deep consolidation, since the last 3 days 🗓️ The price is currently testing a strong horizontal support level where the price is consolidating. ↔️ Because the trend is strongly bearish, chances will be high to see a further bearish continuation. 🐻 Your reliable confirmation will be a breakout and a 4H candle close below the underlined support. 🕯️ The next goal for the sellers will be 2840 🎯 Alternatively, the market may continue consolidating and trading within the range. 🔄

⚠️Bitcoin is currently consolidating following a significant bearish rally. The price is coiling within a horizontal trading range on a 4-hour timeframe. Based on the price's reaction to these boundaries, two potential scenarios are anticipated: Bullish Scenario: Should the price break and close above 104,640 on a 4-hour timeframe, a bullish trend continuation is expected. The target for this scenario is 108,000. Bearish Scenario: Conversely, if the price drops and closes below 98,780 on the 4-hour timeframe, a bearish movement is anticipated. The objective for this scenario is 96,000. Given the current oversold market conditions, a bullish bias is held. However, further observation is warranted to confirm the market's direction. What are your expectations?

Bitcoin may experience a rebound from a significant daily historical support level. Following its test, the price formed a double bottom pattern on an hourly timeframe and has successfully broken above its neckline. I anticipate a bullish movement towards 104,000.

Gold dropped to a significant horizontal support level last week. The price subsequently rebounded from this level, forming a rising triangle pattern on a 4-hour timeframe. The neckline of this triangle is defined by an intraday horizontal resistance. Its bullish violation (4H candle close above) can be a nice trigger to buy Gold with a confirmation. Should this occur, a bullish continuation towards 4125 would be anticipated. Conversely, a bearish movement and a break below the vertical support level could potentially lead to a further decline in price.

📈ETHEREUM is currently undergoing a consolidation phase. The price is stuck within a wide horizontal channel on the 4-hour timeframe. We see a strong positive bullish reaction at its support level, leading to a bounce and the formation of a minor resistance. The violation of this minor resistance indicates a change of character, suggesting a high probability of local buyer dominance. Our target is at 4250 range resistance.

Gold is retesting a key supply zone, which aligns with a recently violated horizontal support cluster and a rising trend line. ⚠️ HOWEVER —there’s a strong possibility that traders may aggressively sell, expecting a deeper bearish move. For now, the price nicely respected the 3900 psychological support that previously was a resistance. Given the current setup, it’s best to avoid initiating short positions today. Let’s hold off until the Fed Rate Decision announcement and observe how the market responds.

Gold is retesting a key supply zone, which aligns with a recently violated horizontal support cluster and a rising trend line. ⚠️ HOWEVER —there’s a strong possibility that traders may aggressively sell, expecting a deeper bearish move. For now, the price nicely respected the 3900 psychological support that previously was a resistance. Given the current setup, it’s best to avoid initiating short positions today. Let’s hold off until the Fed Rate Decision announcement and observe how the market responds.

There is a strong possibility that 📈Bitcoin will continue its bullish trend this week. Following the completion of a correctional movement on a 4-hour time frame, which has been confirmed by a bullish Change of Character (CHoCH). The price will probably ascend to the $120,000 resistance level, potentially reaching the current all-time high.

📉GOLD has a high potential to continue falling after a breakout of a key daily/intraday horizontal support. Next supports: 3900

There is a strong likelihood that 📈ETHEREUM will continue its bullish movement from an important daily horizontal support level. As a confirmation of this outlook, I observe a confirmed bullish Change of Character (CHoCH) and a breakout from the resistance line of a falling wedge pattern. I anticipate growth to at least the 4100 level.