melikatrader94

Hi guys! Key Technical Points: Ascending Channel: Price action has been moving within a well-defined ascending channel. Currently, the price has pulled back and is approaching the lower boundary of this channel. This lower boundary often acts as a support area where buyers might step in. Support Zone (Red Box): The red highlighted area, around $ 3,340-$ 3,350 USD, is a key support zone. This zone aligns w ith the lower boundary of the channel , adding more weight to the support. Price is currently testing this area, which could act as a springboard for the next upward move. Resistance Zone (Blue Box): The upper resistance zone between roughly 3,425 and 3,440 USD is a major target for bulls. This is a previous high area where sellers might re-enter the market. ------------------------------------------------------- Trade Idea: Long Position: Entry could be considered near the lower boundary of the channel and the red support zone (around 3,340-3,350 USD). Stop loss placement: Just below the red support zone to limit downside risk. Target: The upper resistance zone at around 3,425-3,440 USD.

Hello guys! Price is moving inside an ascending channel. Recently bounced from mid-channel support (“last kiss”) and heading toward channel resistance. Potential upside target: $3,435 zone. As long as the price stays above mid-line support, bullish momentum remains intact.

Hello guys! Chart Pattern: Head and Shoulders The chart shows a Head and Shoulders pattern forming on the Ethereum price action. The trendline drawn across the neckline of the pattern is a crucial support level to monitor. Potential Breakdown: If Ethereum fails to hold above the neckline (around $4,130), we might see a pullback and potentially a breakdown from the pattern. This suggests a bearish outlook for ETH in the short term. Target: A possible target for this bearish move could be around th e $4,050 - $4,100 range , where the price could find support from the upward trendline (in light gray). The price may retrace towards these levels before deciding whether it will continue higher or confirm further downside. Uptrend Support: Ethereum remains in an overall uptrend, as indicated by the sloping upward trendline beneath the price action. If the price pulls back to this trendline and holds, there could still be bullish potential.

Hello guys! Pattern Identified: This is a Right-Angle Broadening Formation (characterized by a flat resistance level at the top (around $4,200 – $4,300) and a rising lower trendline). It shows increasingly volatile swings upward while repeatedly testing the same ceiling. Technical Implication: RABFs are typically bullish continuation patterns. The flat top acts as a breakout trigger, while the rising base indicates consistently higher lows and aggressive buyer support. Price Objective: According to the pattern’s measured move principle, the breakout target is projected by the vertical height of the formation, added to the breakout point: Height : $2,070 Breakout point : $4,300 Target : $6,370 (first objective) Extended bullish run could reach $8,500 if momentum sustains. Key Levels: Resistance: $4,200 – $4,300 (breakout trigger) Support: $3,700, then $3,200 First measured target: $6,370 Extended target: $8,500 Bullish Scenario: Strong daily close above $4,300 with volume could kickstart a rapid move toward the first target, possibly with only a brief consolidation at $5,100 before continuation.

Hello guys! Trend Structure: The price is moving within a broad ascending channel, with both upper and lower boundaries acting as dynamic resistance and support. The midline (dotted blue) appears to function as a short-term pivot zone. Recent Movement: After a mid-July decline from around $0.29, the price found support just above $0.17 and has since rallied sharply, now trading around $0.2367. Projection Shown in Chart: The drawn black curved arrow suggests a potential short-term pullback from the current levels before resuming the uptrend toward the $0.314 resistance, which corresponds to the upper boundary of the channel. Key Levels: Immediate resistance: $0.24 – $0.25 zone Major resistance target: $0.314 Immediate support: Around $0.21 (midline of channel) The outlook here is bullish, assuming that the midline support holds during any pullback. A break and close above $0.25 would strengthen the likelihood of a move toward $0.31.

What I see: Chart Patterns (Head and Shoulders): The chart illustrates a classic "Head and Shoulders" pattern. The left shoulder, head, and right shoulder are formed, and the neckline (the blue dashed line) has been broken, which suggests that the price could rise towards the target zone above the broken neckline. Target Price: Based on the pattern and technical analysis, the potential target for the price could be around $219.84, as indicated by the box in the upper right corner. This target aligns with the upward trend continuation from the broken neckline. Support Zones: There are several key support levels below the current price, including the lower zone marked in blue around $95.50 and the potential demand area in the middle blue zone (around $136.34). These could act as areas for price to rebound from if there's a pullback. Trend Line and Movement: The dotted blue trend line suggests an ascending trend, showing higher lows, and the price is likely to continue upward after the recent breakout above the neckline. Given the broken neckline and the formation of the Head and Shoulders pattern, the bullish scenario appears more likely. A price target of around $219.84 seems feasible if the upward momentum continues. However, if the price fails to hold above the neckline or reverses, the support zones could provide areas for potential price bounces, with the $136.34 region as a significant level to watch for possible buying opportunities. Therefore, the most probable outcome aligns with the bullish scenario (towards $219.84).

Why did I say to cancel the last position? because gold is in the critical area! Price is testing a key resistance area around 3374. If it breaks above the first resistance level, we may see a bullish continuation toward the second breakout line. If both levels are broken and retested successfully, the path toward the supply zone at 3430–3440 opens up. Patience and confirmation are key here!

Hello guys! We have a clean Head & Shoulders pattern forming near a supply zone, with a nice QML (Quasimodo Level) rejection confirming the bearish bias. Price is struggling to break above 115K and has already reacted to the QML zone. If this structure holds, we could see BTC start a new bearish leg 📉, first targeting 114K, and eventually reaching the demand zone around 112.8K–113.2K. Watch for further confirmation with lower highs forming.

Helloooo! Gold, after gapping up strongly, has now entered the green QML (Quasimodo Level) supply zone at roughly 3,380–3,390. This zone has acted as resistance before, so a reaction here makes perfect sense. What I see: Engulfed Level (3,315.66): Earlier support that got taken out. This is our logical pullback target once the QML zone does its job. Hurricane Move: The big up-spike looks exhausted now that it’s hit the QML. Bearish Reversal Odds: if sellers step in around current levels, expect a drop back toward 3,315. Plan: Watch for bearish candles or a failed rally inside the 3,380–3,390 area. If we see clear rejection, target a swift move down to 3,315, with a further slide possible to the 3,260 demand zone if momentum holds.the short position is activatedthe long position hit the targetPlease cancel the short position with profit now!

Hello guys! Bitcoin has officially broken below the descending channel it was stuck in for weeks. Right now, price is pulling back to retest the broken channel, which is now acting as resistance around the 114,700 zone. What I'm watching: Broken channel = bearish signal Retest zone around 114,700 Downside target near 110,400 So far, it looks like a clean setup for further downside, unless bulls manage to reclaim that broken trendline. Until then, the pressure remains to the downside. Let’s see how price reacts here... Rejection = short opportunity.BTC Breaks Down - Update: The pointed area has been touched, but the short position is not confirmed yet!