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1-BTCUSD

BTC Testing Major Resistance >>> Rejection Likely?Hi guys! Did you see my last analysis about Btc? Let's break it down more! Bitcoin is now testing a major resistance zone around $106.8K, where a descending trendline has already pushed the price down several times. This area could act as a reversal point again. If BTC fails to break above, we might see a move down toward $102.2K — a strong support level from earlier this month. Right now, the market is showing signs of weakness near resistance, so this could be a good spot to watch for a short setup — unless bulls step in with strong volume and break out cleanly. attention to these levels: Resistance: $106.8K (trendline + supply zone) Support target: $102.2K Outlook: Bearish unless breakout confirmed
Short
by melikatrader94
17
Bitcoin: Break Out Or Fake Out Can Be Long.Bitcoin has adhered to my previous week's anticipated scenario almost exactly. While this may be a coincidence, I have called similar scenarios like this numerous times just see my previous articles, I left the illustration on the chart. From here, there are two scenarios to consider, one offering greater probability than the other. Let me explain. First consider that the Bitcoin trend has never changed. The broader tend is bullish and the previous weeks only saw a brief corrective structure which found support in the 102K AREA )see my previous article). A reversal developed and confirmed and now we are in the process of rallying back toward the highs. Scenario 1 The Breakout: IF the high 106's are cleared, it is possible price can break out to potentially test the next resistance around the 110K area. Since this environment is typically a lower volume time of year, I believe there is a greater chance of fake out. How you manage the risk all depends on the time frame you operate on. Smaller time frames can pin point more accurate signs of follow through while maintaining tighter risk while taking the breakout on this time frame exposes you to more risk. If taking the breakout on this time frame, consider mitigating risk with smaller size or being prepared to exit IF a conflicting signal appears like a bearish pin bar. Scenario 2 The Retrace: IF price rejects the 106K area (fake out possibility) then I will be watching for a retest of the 104K area minor support. This is the level where I would be looking for confirmation patterns like bullish pin bars etc. This would not only constitute a higher low but also establish a classic inverted head and shoulders pattern. I do not put a lot of emphasis on the broader pattern, but it can help foster a self fulfilling prophecy. This reversal offers a greater probability since it is coming from a pullback within a broader bullish trend. Also the profit objective is greater since the 110K resistance would still be the same. How you mange this again depends on the type of strategies you employ. My analysis is meant to provide an overall roadmap of the possibilities that I anticipate and nothing more. If you are a day trader this information will not be used the same way compared to if you are a swing trader. The key is how you define the risk and the confirmations. If the market rejects both scenarios, then we simply have to readjust to the new information that becomes available. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
3
ETHEREUM is repeating BITCOIN's 2018-2021 Cycle!Ethereum (ETHUSD) has found itself on a very strong rally since the April 07 bottom, which resembles the V-shaped recovery of Bitcoin on the March 09 2020 bottom. In fact BTC's whole 2018 - 2021 Bull Cycle resembles ETH's 2022 - 2025 Cycle so far. So far ETH is struggling to break above its 1W MA50 (blue trend-line) but the most important Resistance of the Cycle is the ATH Lower Highs trend-line. When that broke for Bitcoin, a parabolic rally started. Do you think we will see such a break-out on ETH too by the end of the year? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ETHUSDLong
by TradingShot
2
#BTC/USD Close Fight but bulls win! $117K Still in sight!CRYPTOCAP:BTC Weekly Update: BTC closed the week up by just 0.08%, leaving behind a long wick and a tiny body, forming a Dragonfly Doji, one of the strongest candlestick patterns, signalling a fierce battle between bulls and bears. ✅ This time, the bulls won by a small margin, but a win is a win. ✅ BTC successfully held its key support. ✅ The CC is green, which is a positive sign. The price action remains choppy, but the trend is still pushing upward from here. Invalidation:- Weekly Close below $100k What do you think? Do let me know in the comments section. And please hit the like button. Thank you #PEACE
BITSTAMP:BTCUSDLong
by Cryptorphic
2
BTC NEW UPDATE (4H)This analysis is an update of the analysis you see in the "Related publications" section These days, Bitcoin's movement is mostly driven by liquidity hunting and is caught in complex and risky corrections. The resistance zone currently in front of Bitcoin is marked in red. If the price is going to get rejected, it should happen from this zone. However, if this zone is broken and price stabilizes above it, Bitcoin could turn bullish again. Considering today is Monday, volumes are still low, and the price is near a strong order block | you should be careful with your positions. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
Support and resistance zone: 104463.74-106133.74 Hello traders. If you "Follow", you can always get new information quickly. Have a nice day today. ------------------------------------- (BTCUSDT 1W chart) When a new candle is created, you should check if the HA-High indicator is created at the 99705.62 point. The reason is that the HA-High indicator was created, which means that it has fallen from the high point range. In other words, it also means that it can fall to around or below the 97705.62 point. Since the current candle fell to around 99705.62 and then rose, it can rise like this when a new candle is created. We have several indicators that can determine the high point. Representative indicators include DOM (60), StochRSI 80, and HA-High. Therefore, the high point range is 104463.99-104984.57 and 97705.62. Therefore, in order to turn downward, it is likely to start when it falls below 104463.99-104984.57 and shows resistance, and it can be interpreted that the downtrend is confirmed when it falls below 97705.62. If we think about it the other way around, if the price stays above 104463.99-104984.57, it will eventually create a new high. - When we first study charts, we start to become curious about charts as we learn about price moving averages. As such, when we look at charts, our understanding of charts changes depending on how well we understand the average value. However, when we first learn about price moving averages in chart analysis, we start to study all sorts of different analysis techniques as we realize that there are ambiguous parts in conducting transactions. As a result, chart analysis becomes more and more difficult, and we end up giving up on chart analysis. If you have studied chart analysis in your own way without giving up on it, you will realize that it will eventually converge to the average. No matter what indicator or analysis technique you use, you will eventually converge to the average and then diverge. Therefore, we should try to analyze the chart using the easiest and most convenient method. The reason is that chart analysis is ultimately just a means to create a trading strategy and has no other meaning. - The basic trading strategy on my chart is to buy near the HA-Low indicator and sell near the HA-High indicator. The HA-Low and HA-High indicators are indicators created for trading on the Heikin-Ashi chart and ultimately represent the average. The HA-High indicator is the average value that represents the high point range, and the HA-Low indicator is the average value that represents the low point range. Therefore, if it is supported and rises near the HA-Low indicator, it is a buying period, and if it is resisted and falls near the HA-High indicator, it is a selling period. However, since it is an average, if it is supported and rises near the HA-High indicator, it is likely to show a stepwise upward trend, and if it is resisted and falls near the HA-Low indicator, it is likely to show a stepwise downward trend. Because of this, we need to adopt a split trading method. - The auxiliary indicator, StochRSI, is an indicator that moves based on the 50 point. Therefore, when the StochRSI indicator value is below 50, we need to focus on finding a buying point, and when it is above 50, we need to focus on finding a selling point. A decisive hint for this is when it enters the overbought or oversold zone. The auxiliary indicator, OBV, is an indicator that adds up the difference in trading volume according to price. If you divide the OBV indicator into High Line and Low Line and understand the movement of OBV, you can understand the movement of the price to some extent. However, since not all indicators follow the price trend exactly, you should not try to judge everything with just one indicator. If you express the OBV indicator in the form of an oscillator, it will look similar to the MACD oscillator. As I mentioned earlier, this is because the chart eventually converges to the average value. Using this characteristic, we combined the OBV indicator with a MACD-type oscillator. If it is located below 0 based on the 0 point, it means that the selling pressure is high, and if it is located above 0, it means that the buying pressure is high. No matter what indicator or analysis technique you study, you must have a solid basic understanding of the average value. If not, no matter how good the indicator or analysis technique you learn, you will not be able to analyze it as you studied and create a trading strategy when you actually trade. - (1D chart) It is highly likely that the uptrend will resume if it rises above the HA-High indicator point of 108316.90. To do so, it is important to see if it can receive support and rise around 104463.99-106133.74. If it fails to rise, it will eventually show a downward trend again. If it meets the HA-High indicator and falls, it is likely to fall until it meets the HA-Low indicator. Currently, the HA-Low indicator is formed at the 89294.25 point, but as the price falls, the HA-Low indicator is likely to be newly created. Therefore, we need to check if the HA-Low indicator is newly created when the price falls. Since the OBV of the auxiliary indicator is located near the Low Line and the OBV oscillator is also located below the 0 point, we can see that the selling pressure is strong. Therefore, we need to check whether the OBV rises above the High Line when it is supported near 104463.99-106133.74 or whether the OBV oscillator rises above the 0 point. - I think that all indicators or analysis techniques are ultimately tools that confirm whether there is support at the support and resistance points or sections drawn on the 1M, 1W, and 1D charts. Therefore, in order to use indicators or analysis techniques, it depends on how well you understand and draw the support and resistance points or sections according to the arrangement of the candles. Therefore, you need to first check how reliable the support and resistance points you drew are and practice creating a trading strategy accordingly. Ultimately, it can be seen that how well the support and resistance points are drawn depends on how well the chart analysis or trading strategy is made. - If you look at the 1W chart and the 1D chart, you can see that the important volatility period is around June 22. The volatility period of the 1W chart is from June 16 to 29. The volatility period of the 1D chart is from June 10 to 14 and from June 21 to 23. Therefore, when the HA-High indicator of the 1W chart is generated at the 99705.62 point, it is important to maintain the price above 99705.62 after passing the volatility period of the 1W chart. Since the HA-High indicator on the 1D chart is formed at 108316.90, we need to see if it can be supported and rise near 108316.90. In summary, we can see that the important support and resistance range in the volatility period is 99705.62-108316.90. Among these ranges, it is expected that the wave will start depending on whether the current price is supported in the 104463.99-106133.74 range. In other words, the 104463.99-106133.74 range corresponds to the middle range of the 99705.62-108316.90 range, the average value. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​This is an explanation of the big picture. (3-year bull market, 1-year bear market pattern) I will explain more details when the bear market starts. ------------------------------------------------------
by readCrypto
1
BTCUSD: H&S neckline invalidated! Heavily bullish.Bitcoin turned bullish again on its 1D technical outlook today (RSI = 58.910, MACD = 1101.600, ADX = 21.447) as it crossed over the neckling of the Head and Shoulders pattern and invalidated the bearish sentiment. This now targets the 2.0 Fibonacci extension to the upside on the short term, TP = 123,500. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
1
Bitcoin Approaches Resistance as Momentum Cools: What’s Next?Bitcoin has been on a strong upward trend 🚀, but recent moves show signs of exhaustion as it approaches major resistance zones 🛑. The appearance of a three-drive pattern on the 4-hour chart, suggests the market could be due for a healthy correction 🔄. While the broader trend remains bullish, I'm watching for a potential pullback and then looking for renewed strength (bullish BoS) before considering new long positions. Patience and confirmation are key in these conditions! 👀✨
by fxtraderanthony
2
Bitcoin is bullish now & many Traders don't see it !!!I currently expect the price to correct slightly, as indicated on the chart, and then pump by about 6% from the PRZ . This signal is reinforced by strong positive divergence and a wedge pattern. In summary, the PRZ is a solid entry point, derived from the confluence of touchlines and pivots. However, if the price ignores this zone and falls below it, my analysis will be invalidated. Best regards CobraVanguard.💚
COINBASE:BTCUSDLong
by CobraVanguard
AUDUSD BULLISH OR BEARISH DETAILED ANALYSISAUDUSD is currently forming a strong ascending triangle on the 8H chart, with a series of higher lows pressuring a key horizontal resistance zone around 0.65250–0.65300. This is a classic bullish continuation pattern, indicating buyer strength and a potential breakout toward 0.67000 if the structure confirms. The current price action at 0.65285 shows that bulls are testing the upper boundary again, signaling possible breakout acceleration as we move into mid-June volatility. From a macro standpoint, the Australian dollar is supported by rising commodity demand, particularly in iron ore and copper — both of which are showing strength in global markets. At the same time, the Federal Reserve remains cautious with its rate path, with recent U.S. labor data pointing to a cooling job market. Traders are now pricing in possible rate cuts sooner than expected, weakening the dollar’s bullish grip. This divergence in central bank tone and economic performance favors risk-on currencies like the AUD. Technically, the ascending triangle is providing solid structure and confluence. Breakout traders may look for a clean candle close above 0.65350, which could open the path to the 0.67000 zone with minimal resistance ahead. A well-placed stop below the 0.64500 zone keeps risk controlled, and the favorable risk-to-reward ratio makes this setup ideal for swing continuation strategies in trending environments. This pattern has been building over several weeks, showing market accumulation and strong bullish compression. With today's fundamentals aligning with the technical structure, AUDUSD looks ready to launch into a higher bullish leg. Keep eyes on the breakout candle and volume confirmation as we may be entering a powerful momentum phase toward the 0.67 handle.
Long
by AndrewsMarket-Mastery
Bitcoin Breaks Out: Bullish Momentum Builds Above Key LevelsHello guys! The chart of Bitcoin reveals a significant bullish breakout, characterized by two key technical developments: Broken Ascending Channel: Bitcoin was trading within an ascending parallel channel, gradually making higher highs and higher lows. This channel was recently breached to the downside, suggesting a temporary weakening in momentum. False Breakdown and Strong Reversal: Despite the initial breakdown from the channel, Bitcoin swiftly reversed and surged upwards, reclaiming previous support levels with strong bullish candles. This “fake-out” move often traps bears and reinforces bullish sentiment. Trendline Breakout: More notably, BTC has broken above a descending trendline, which had acted as a resistance zone. This breakout, backed by strong volume and momentum, indicates a shift in market structure from consolidation to potential expansion. Projected Upside Target: Based on the breakout projection drawn on the chart, the next major resistance appears near the $109,600 level. This aligns with the upper purple dashed line, which may represent a historical resistance zone or a Fibonacci extension.
Long
by melikatrader94
2
Bitcoin - Bitcoin holds $100,000 support?!Bitcoin is above the EMA50 and EMA200 on the four-hour timeframe and has broken out of its short-term descending channel. We can look for Bitcoin short positions from the supply zone. If this corrective move occurs, we can also look for Bitcoin long positions in the demand zone. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and capital management in the cryptocurrency market will be more important. If the downward trend continues, we can buy in the demand range. Bitcoin network transaction activity has dropped to its lowest level since October 2023. According to data from The Block, the seven-day moving average of Bitcoin transactions has recently declined to 317,000—marking the lowest point in the past 19 months. This decline comes at a time when Bitcoin’s price still hovers near its all-time highs. Meanwhile, Bitcoin Core developers have recently stated that network nodes should not block the relay of low-fee or non-standard transactions if miners are willing to process them. This highlights a shift in Bitcoin’s policy direction and indicates a growing acceptance among some miners of lower-cost transactions. In certain instances, miners’ appetite for transaction fees appears to have diminished. Mononaut, founder of the Mempool project, pointed out that a transaction with an almost-zero fee was recently included in a block. This could signal reduced network activity or a declining need among miners to prioritize high-fee transactions. Currently, only 0.3% of American investors’ total assets are allocated to Bitcoin. Real estate dominates their portfolios, followed by bonds and stocks.This means that Bitcoin accounts for a very small portion of U.S. investor wealth. However, if even a small fraction of capital currently tied up in real estate, stocks, or bonds shifts into Bitcoin in the future, it could have a substantial market impact—an encouraging sign over the long term. The United States has emerged as the dominant force in the Bitcoin ecosystem. A report by River outlines how this dominance has reached its peak. The U.S. holds nearly 40% of the total Bitcoin supply, and American companies account for a staggering 94.8% of public Bitcoin ownership. Additionally, 82% of development funding and approximately 79.2% of Bitcoin ETF ownership originate from the U.S. The country also commands about 36% of the global hash rate. Since 2021, the total value of Bitcoin mined by American companies has reached $42.6 billion, accompanied by over $30 billion in investment into Bitcoin mining infrastructure. The U.S. now hosts more than 150 Bitcoin-related companies and 40 mining sites with capacities exceeding 10 megawatts. Today, nearly two-thirds of all Bitcoin in circulation is held by individuals who rarely—or never—sell their coins. In just the last 30 days, roughly 180,000 Bitcoins have been moved to wallets with historically low selling activity. Meanwhile, whales continue to accumulate Bitcoin at price levels above $100,000.
COINBASE:BTCUSDLong
by Ali_PSND
Bitcoin Short to 97 K into cpi numbersIn this video I cover the recent drop and what might be a great short on the horizon . With the V shape recovery off the defended 100K level I anticipate that we continue the move up to 107/108K before hitting some resistance and pushing us back into the range leading into the midweek . With cpi news release this could be the catalyst needed to trap the late buyers and drop us into 96K zone . This video provides context and theory for this short setup so I encourage you to watch . Tools used Vwap , volume profile , Fibonacci pulls . Thanks for watching Any questions please leave in the comments Safe trading
Short
by SJTRADESFUTURES
7
It didn’t reject. It repriced.BINANCE:BTCUSDT just tested the 4H OB at 105,044 — and didn’t break. That’s not weakness. That’s precision. The kind of structure Smart Money doesn’t chase, it absorbs. Here’s the breakdown: Price retraced into a clean OB off the 0.236 fib, holding structure without even needing to sweep the BPR below Volume supported the move — no absorption, no deviation Short-term high is now marked at 106,487, and above that, my next draw is 108,941 If price closes back above 106,000 with momentum, the path of least resistance is clear: continuation. If we lose the OB and reclaim fails, BPR becomes the fallback zone — anything deeper, and we’re re-evaluating the narrative. Execution plan: Long from OB (already tested) — continuation depends on reclaiming 106K TP1: 106,689 TP2: 108,941 Invalidation: 103,429 (50% fib) or hard break into 102.7 BPR There’s no “maybe” in structure. Price is either reacting or it isn’t. This one is. Setups this precise don’t wait — they’re mapped. You’ll find more in the profile description.
Long
by SmartFlowst
Bitcoin H1 | Bullish rebound to extend higher?Bitcoin (BTC/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 105,148.50 which is a pullback support that aligns with the 23.6% Fibonacci retracement. Stop loss is at 103,900.00 which is a level that lies underneath a swing-low support and the 38.2% Fibonacci retracement. Take profit is at 107,583.00 which is a pullback resistance that aligns with the 127.2% Fibonacci extension. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:BTCUSDLong
by Tradu
SPY/QQQ Plan Your Trade For 6-9: Inside BreakawayToday's pattern suggests the SPY/QQQ will attempt to make a breakaway type of price move - away from Friday's open-close range. Given the fairly tight opening price level this morning, I would stay cautious in early trading today and try to let the first 60 minutes play out - looking for that breakaway trend/momentum. Overall, the markets are still in a Bullish price phase - trying to push higher. But, as I continue to warn, I believe the markets could rollover and break downward at any time. BTCUSD moved substantially higher overnight. This could be the beginning of a bigger advance higher. But, it could also be an exhaustion move higher. Gold and Silver are still melting upward. This move in metals recently certainly shows the markets are still fearful of any potential downside price activity. Again, I urge traders to stay cautious as we continue to struggle within the sideways price range. Price will show us what it wants to do and I believe this move higher in BTCUSD could be a false type of breakout move to the upside. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
AMEX:SPYLong
by BradMatheny
GBPJPY UPDATE!!Good day traders, I am back again with an update and this time it's on GBP/JPY. On the 1st of June I posted a setup but I mentioned that I will explain it later because I will be able to make my point clearer and easy to understand. When this setup was posted I had that daily order block in mind, only because I needed to see it revisit the order block for the last time before price could make a run for that internal liquidity resting inside an unfilled FVG(BISI). We can also use that thought as confluence when looking for short term reversals or partial exits. Just by taking a look on the chart I posted again I will put it in the description below, you can see in the sell side of the chart we have a lot of equal lows and ICT teaches us that price looks for relative lows/equal lows and old lows. On the daily TF price is currently inside a bearish order block and what we do not wanna see is price going over the wick of that wick of a candle that was booked on the 29th of May. We are also inside the premium zone of the wick meaning we can expect to run from there to our objectives below. As always my first objective is always the internal liquidity and that is only because that internal liquidity are my LTF | Highs/Lows. On the 4H price is inside a balanced price range again that's in my favour meaning I have to note it. ICT teaches that we always wanna trade towards the direction where all our PD arrays are lining up and in this case, it's in the sellside, I believe we are in the starting phase of ICT's sell model. My name is Teboho Matla but you...you don't know me yet!!
Short
by FxPipMaster_TebohoMatla
HYPE/USDT – 4H Chart Analysis PUMP TO $50??HYPE/USDT – 4H Chart Analysis Volume (OBV Indicator): The On-Balance Volume (OBV) has broken above its local resistance level, indicating a notable increase in bullish volume inflow. This supports the current upward momentum. Market Structure: High Time Frame (HTF): Still bullish. Lower Time Frame (LTF): Currently consolidating within a bullish pennant pattern. Price has recently closed just above the pennant’s resistance line, suggesting a potential breakout and continuation of the bullish trend. Key Zones & Levels: Supply Zone: Price is currently testing this zone. A successful hold and breakout above the previous swing high would confirm bullish continuation. Fair Value Gaps (FVGs): A small FVG exists just beneath current price between key support/resistance levels. This may act as a short-term magnet for price (potential retracement). Two larger FVGs on the 1D time frame lie below the current support and prior swing low. If price moves into these levels, it would likely be a liquidity sweep, trap, or fakeout scenario. Psychological Levels: $40.00 and $45.00 are the next logical upside targets if bullish momentum continues beyond the swing high. Trade Setup: Entry: At the 0.28 Fibonacci retracement level. Stop Loss: Just below the 0.5 Fibonacci level. Take Profit (Partial): At the 0.618 Fibonacci extension, aligning with a psychological resistance zone. Summary: The breakout from the bullish pennant, combined with increasing volume (OBV breakout), suggests strong bullish momentum. As long as price holds above the pennant and key support, continuation toward $40–$45 remains the probable scenario. Any dip into the lower FVGs would likely be a liquidity event rather than a trend reversal. (NOTE: This is not financial advice, it is recommended to always (DYOR) (Do Your Own Research)
Long
by King_BennyBag
1