melikatrader94

melikatrader94

Gold's recent price action on the 4-hour chart has unfolded into a fascinating Crown Pattern, hinting at a potential bearish continuation. This pattern, often associated with trend reversals, presents a compelling opportunity for traders to position themselves for the next move. Currently trading at $2,614, gold appears to be forming a consolidation phase within a...

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Bitcoin's price action continues to intrigue traders as it consolidates within an ascending channel on the 4-hour timeframe. The recent rejection from the channel's upper boundary at $108,000 indicates that bearish pressure might dominate the short term. Currently, BTC trades around $101,450, testing a critical support level near $102,000. Key Observations: ...

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hello guys! let's analyze GOLD Liquidity Hunted: The chart highlights a liquidity grab near the recent high (marked as hunted), where the price spiked above resistance before reversing sharply. Downtrend Movement: Gold has shown strong bearish momentum, breaking below a rising trendline and key support levels. A continuation toward the gray demand zone...

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hello guys! Key Observations: Pattern Formation: Left Shoulder: Formed earlier around the $97,000 region. Head: A drop to approximately $96,598.96 (Fibonacci 0.618 retracement level). Right Shoulder: A potential retest of the $97,800 support area before continuation. Price Scenarios: Scenario 1: Bitcoin breaks the current resistance near $103,000 and continues...

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hello guys. let's dive into btcusdt! Analysis: Inverse Head and Shoulders Pattern: A clear inverse head and shoulders pattern is visible on the 4-hour chart, signaling a potential trend reversal. The head is formed at 93,842 USDT, with left and right shoulders forming near 96,598 USDT. Neckline Resistance: The neckline resistance at 102,698 USDT has been...

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hello guys. Pattern Analysis 1. Head and Shoulders (Inverse): Left Shoulder: Formed after a minor retracement around the 0.00001900 level. Head: Established after the price made a lower low around 0.00001700. Right Shoulder: Developed after a higher low near 0.00001900, maintaining symmetry with the left shoulder. This pattern is a strong reversal signal, often...

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hello guys! as you can see I've published before: the dogs broke the top line of the triangle so we can expect an upward movement here! the target of both scenarios is the same! around $0.00091! do you think which scenario will happen?

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hello guys! Broken Descending Channel: DOGS/USDT has decisively broken above its long-term descending channel, indicating a shift from a bearish to a neutral or bullish phase. This breakout is often a precursor to a trend reversal. Consolidation and Symmetrical Triangle: After breaking the channel, the price entered a consolidation phase, forming a symmetrical...

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hello guys. I believe doge will continue to upward movement as far as it can! Now, it is forming an ascending channel at the end of a sharp movement! now formed two peaks and the next one is coming! there are two scenarios here: 1- Starts an increase from here! 2- First, it will touch the bottom line and then prepare for an upward movement!

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hello guy. let's analyze Floki! 1. Chart Overview: - The chart is of Floki Inu (FLOKI/USDT) on a weekly timeframe. - Current price: approximately 0.00015197 USDT. - The chart displays a rounded bottom pattern, a bullish reversal pattern. 2. Key Patterns: - Rounded Bottom and a cup and handle pattern: The chart shows a clear rounded bottom pattern...

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Ethereum's price action is a masterclass in market psychology, with every move reflecting a deeper narrative of struggle and eventual victory. The story begins with hidden bullish divergence , a subtle but powerful clue signaling the end of a bearish reign. As ETH tests its descending trendline, market participants hold their breath, anticipating whether this...

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hello there! as you can see gold broke the ascending channel once and it returned! now in a short time frame, it is forming a Quasimodo pattern! this pattern confirmed our short position suspect! in a higher time frame, it formed an engulfed candle too! the target of this position is the internal trendline! let's see what will happen!

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hello guys... let's investigate about BTC through Elliot! Wave 1 to Wave 4: Wave 1 initiates the bullish trend. Wave 2 consolidates into a flat or corrective pattern. Wave 3 is extended, showing a strong upward trend (impulse). Wave 4 forms a triangle or corrective structure, preparing for Wave 5. as you know there are 3 common alternative waves 5 right...

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hello guys! such a days for Tron holders:) I believe the upward rally will not stop! it will continue! it formed a sharp movement and then a triangle pattern or a pennant pattern and now we can expect another bull move! when we can enter: 1- the gray area! 2- when the top line of the pattern breaks up! the next target for this pattern is $0.51

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hello guys! let's dive into analyzing Ton! Double Bottom Formation: The price formed a textbook double bottom pattern around 4.52 USDT, signaling a strong reversal from the prior downtrend. Neckline Breakout: The neckline of the double bottom at 6.20 USDT has been decisively broken, confirming the bullish pattern. Ascending Channel: The price is now trading...

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Analysis: Ascending Channel: The price of SOL/USDT is moving within a clearly defined upward channel, with higher highs and higher lows. Key Fibonacci Levels: The chart highlights Fibonacci retracement levels, particularly around the 0.5 (230.10) and 0.618 (246.62) areas, which serve as potential support and resistance zones. Current Resistance Zone: The price...

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hello guys! Technical Analysis: Price Action: Ethereum (ETH/USDT) has broken above the critical resistance zone near $3,546, now acting as support, confirming bullish momentum. Structure: After a sharp rally, the price is consolidating just below the $3,641 level. This indicates a healthy pause in the uptrend, forming a base for further upside. Resistance: The...

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hello guys. Key Observations: Ascending Triangle Breakout: The chart depicts a bullish ascending triangle pattern, which has successfully broken above resistance at approximately $2,980. This is a strong continuation signal. Fibonacci Retracement and Extensions: Price cleared the 0.618 Fibonacci level near $2,850, confirming bullish momentum. Key resistance...