melikatrader94

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Hello guys! What I see: Ascending Channel: Price has been moving inside a clearly defined upward-sloping channel since the start of 2023, showing a strong long-term uptrend. 33% Correction: Recently, SOL experienced a 33% correction from its local high, testing the previous breakout zone (highlighted in light blue). This area has now acted as a strong...

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Hello guys! The EUR/USD pair has recently completed a classic liquidity hunt below the long-standing range support, marked as "hunt," followed by a sharp rally breaking out above the range highs. The price has now tapped into a major supply zone, indicated as "another hunt," suggesting a potential bull trap. Given the overextension and the historical reaction...

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Pattern Formation: A complex Head and Shoulders structure is forming: Left Shoulder ✅ Double Head ✅ Right Shoulder forming 🔄 Resistance Zone: The price is currently near a strong resistance area (around $87,000–$88,000). This zone is likely to act as a ceiling and reject the price. Expected Move (Blue Arrows): shows a possible fake breakout above...

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Hello guys! Key Elements: Internal Trendline (broken): A previously respected trendline is now broken, indicating a potential shift in trend. S&D (Supply & Demand) Zone: Located around the $3,280–$3,300 region. Bearish Rejection Zone: Price attempted to push higher into the $3,360–$3,380 resistance zone but was rejected. Arrow Indicating Bearish Target:...

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hello guys! Bitcoin has been trading within a well-defined range, showing signs of consolidation after a sharp upward move. The price has recently broken below the range support (~$85,000), suggesting a liquidity hunt or fakeout scenario. The sharp move down indicates a potential stop-loss sweep, targeting liquidity below the range. This is a classic "range...

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hello guys! The 4H Gold/USD chart exhibits a classic Broadening Formation (also known as a Megaphone Pattern), marked by higher highs and lower lows, reflecting increased volatility and market indecision. This pattern is identified with three key swing points on both the upper and lower trendlines: Point 1 and Point 2 formed the initial boundaries of the...

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ARTY has bottomed out and appears very undervalued, making it an excellent entry point. I’ve already bought ARTY, as the current price of $0.2685 (as of April 15, 2025) presents a strong opportunity. The chart shows a clear break above a long-term descending trendline, labeled "a broken trendline," signaling a potential reversal. The price is now testing...

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hello guys. Fake Bullish Divergence: The Relative Strength Index (RSI) at the bottom shows a bullish divergence, but the price action invalidated it — signaling a "fake divergence". This could trap early long positions and fuel further downside. Broken Trendline Support: A significant ascending trendline support has been broken, indicating weakening bullish...

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Technical Analysis The chart illustrates a well-defined ascending channel for the total crypto market cap (excluding BTC), currently experiencing a downward retracement. The price action suggests a probable dip towards the lower boundary of the channel around the $969 billion support zone before rebounding significantly. This level aligns with previous price...

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Hello guys! BTC is currently trading within a well-defined descending channel, showing consistent lower highs and lower lows since mid-March. Descending Channel: The upper and lower boundaries have acted as reliable resistance and support zones. Double Bottom Pattern: Price action recently formed a double bottom near the $75,000 zone (marked "HUNT2"), which...

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Ethereum (ETH) is currently breaking below the ascending trendline, signaling a potential further downside. The price is testing the first blue support zone, and if this level fails to hold, ETH is likely to drop towards the next major support area around $1,400. Key Levels to Watch: 🔹 First blue area (~$2,100–$2,300): ETH is currently breaking below this zone....

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What Happens to Global Markets When the Ukraine-Russia War Ends? The end of the Ukraine-Russia war will undoubtedly impact major global markets, here’s what we can expect: Oil Market : With tensions easing, oil prices could drop as supply concerns lessen and sanctions ease. However, global demand could still keep prices stable or even high. Gold Market :...

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hello guys. The recent price action on gold suggests a potential short-term upward move, followed by a possible continuation to lower levels based on key technical factors: 🔹 1. Channel Support Touched – Expecting a Bounce Price has touched the bottom boundary of the ascending channel, which has acted as dynamic support throughout this trend. This technical...

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1️⃣ The price has broken below the previous support zone, which had held multiple times in the past. This area is now likely to act as a new resistance. 2️⃣ The bottom boundary of the descending channel has been touched, signaling a potential reaction or short-term bounce from this level. 3️⃣ It’s quite probable that the price retraces back to the midline of the...

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In recent months, a growing shift in sentiment has been observed among crypto investors: many are increasingly eyeing Solana (SOL) as a strong alternative to Ethereum (ETH). The comparison chart above, plotting Solana’s price action alongside Ethereum's, reveals that despite ETH retracing back to October 2023 levels, SOL is still holding higher support zones—a...

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hello guys. 🔻 1. Bearish Channel Bitcoin is currently respecting a downward-sloping channel with lower highs and lower lows. Every attempt to break the upper boundary has been met with rejection, confirming bearish pressure. 🔁 2. Retest of Former Trendline The former ascending trendline (drawn from 2023’s bottom) was broken and recently retested as resistance,...

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Hello guys! Ethereum has formed a clear double top pattern on the weekly timeframe — a strong bearish reversal signal. The pattern is confirmed by: 🔹 A break of the ascending trendline 🔹 Strong rejection from the $3,200–$3,400 resistance zone 🔹 Current price action hovering near $1,780 🧭 Target of the double top pattern lies in the $1,350–$1,450 zone — aligned...

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Analyzing the current BTC/USDT chart, we see that Bitcoin is hanging just above a critical support zone—what many traders recognize as “the most important support level” from a volume perspective on Binance. The chart illustrates a potential 60.37% drop, which would pull BTC down nearly $49,000, back toward the high-volume range near $30K. This sounds...