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ETH - Do you Notice a Pattern here? I DO...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈I find ETH 4h chart as it looks like history repeating itself. Previously in 1 to 5 June, it formed a slight lower low before starting the next big bullish impulse leading towards the upper bound of the channel. 📚 Today, ETH just formed the slight lower low we are looking for. Is it time for the next bullish impulse to start? well it will be confirmed after breaking above the last major high at $2,600. What do you think? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
2
GateChain Slows Down Within An Impulsive Bullish TrendGateChain with ticker GTUSD came slightly lower, but we still see it trading in a higher degree wave »iv« correction that can resume the bullish trend for wave »v«. It can be actually finishing final subwave (c) of a three-wave (a)(b)(c) corrective decline, so keep an eye on strong support here at the former wave (iv) swing low and 38,2% Fibonacci retracement. If we get sharp rebound and impulsive rise back above channel resistance line near 20 bullish confirmation level, then we can easily expect further rally within final wave »v« of 5 this year, which can push the price even up to 35 – 40 target area.
Long
by ew-forecast
0x0 About to Explode? A Bullish Reversal No One Is Talking AboutYello, Paradisers! Are you watching this breakout on #0x0? Because if you blink, you might miss the start of a major trend reversal that’s been quietly forming for months. 💎After a prolonged downtrend, 0x0 is finally showing signs of life. The price has completed a multi-month bottoming structure, forming a textbook inverse head and shoulders, a classic reversal signal that is known for its reversal strength. 💎Currently, 0x0 is starting to push through a critical zone between 0.1080 and 0.1180, a region that previously acted as strong resistance. This zone also aligns perfectly with the neckline of the inverse head and shoulders and is now being flipped into support — a bullish development. 💎Even more importantly, price is now breaking above the EMA-200, a long-term trend indicator that often marks the transition from bearish to bullish sentiment. This EMA break gives even more credibility to the reversal setup. 💎For #0x0USDT the descending resistance at $0.1500 is the next key level. A confirmed breakout above this level would signal a shift from bullish to aggressively bullish, opening the door for a quick push towards the initial target at $0.1650, where moderate resistance is expected. 💎However, based on the strength of the current structure and the inverse head and shoulders pattern, 0x0 has the potential to rally much further, with the primary target sitting in the $0.21 to $0.23 range. This target zone also aligns with the 50% Fibonacci retracement of the full downtrend, making it a highly probable magnet for price if momentum accelerates. Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
AERO: Clears the Runway! Can it gain altitude!?AERO gave a valid long setup We were eye a possible retrace of an impulsive move and it displayed enough to trigger a rules-based entry. Technical Breakdown Key structural elements supported the setup: Initial leg up showed impulse-like behavior Pullback found support at a clearly defined AOI Multiple MLT levels aligned with a common zigzag framework Swift bounce off the Golden Corner Pocket (GCP) Break and close above 0.54 completed the impulse structure Prior resistance flipped into support Volume confirmed the move, and price reached the first algo target, producing a reactive wick and confirming potential of algo activity. This created a textbook TDU-style GCP/Algo/C-3 setup with measured entry and exit. Risk Management Partial profit was taken at the first MLT zone Stop loss was moved into profit post-structure break Scenario planning: If move continues: positioned If move stalls as a larger zigzag: no loss Outlook Attention now shifts to the next actionable level, possible second entry long 0.62 is the AOI for re-entry atm Ideal scenario = Continuation in a wave 3, obvi Alt scenario = Clean corrective to AOI + long Bear scenario = Zig Zag complete Conclusion The trade played by the book! Confluence across AOI, GCP, MLT, and volume created a qualified entry — not a guess. This remains a great example of structure over sentiment and waiting for the market to meet criteria before engaging.
COINBASE:AEROUSDLong
by CryptoKnee
OP / USDT 4hr PUMP INCOMING? OP/USDT – 4H Chart Summary Market Structure: 4H Timeframe: - Price consolidating within a descending triangle/wedge pattern, indicating potential buildup before a breakout. - Lower Timeframes (1H and below): Bearish trend structure with lower highs and lows. - OBV (On-Balance Volume): Forming a wedge—suggesting accumulation or distribution phase nearing a breakout. Key Zones: Demand Zone (Support): - 0.5483 – 0.6351 This area has provided strong support historically. A clean break below could signal continuation of the larger downtrend. Supply Zone (Resistance): - 0.9068 – 1.0414 -Historically rejected price; high probability of reversal or consolidation if revisited. Fair Value Gaps (FVG): - FVG 1: 0.6659 – 0.6838 - FVG 2: 0.7024 – 0.7308 These inefficiency zones are likely to attract price if bullish momentum builds. Watch for potential short-term rejection or continuation setups here. Volume Profile: Strongest volume node (high liquidity zone) sits between 0.7470 – 0.8000 Suggests this area has been heavily traded and may act as magnet/resistance if approached again. Fibonacci Confluence: Previous swing high at 0.8232 aligns with the 0.618–0.65 golden pocket A critical zone for potential take-profit or trend reversal on a breakout. Scenarios: Bullish Case: If price holds above 0.6351 and bounces, look for: - Retest of FVG 1, followed by FVG 2. - Breakthrough of 0.7308 could target the golden pocket and swing high at 0.8232. - Sustained bullish move may reach the supply zone above 0.9068. Bearish Case: - Breakdown below 0.6351 and especially below 0.5483 would: - Invalidate the wedge support. - Confirm continuation of the macro downtrend. -Open room for new lows and bearish expansion. Conclusion: Price is at a key decision point inside a wedge. Reaction at 0.6351 is critical—support bounce targets higher inefficiencies; breakdown signals deeper bearish continuation. OBV and volume structure suggest an imminent volatility spike—prepare for a breakout.
Long
by King_BennyBag
6
ETH Macro Analysis☕ 𝙂𝙈. CRYPTOCAP:ETH Macro analysis update... 📈 𝙇𝙤𝙣𝙜 𝙩𝙚𝙧𝙢 outlook remains unchanged and recent price action printing a doji. Target is still $7k for this cycle. 📉 𝙎𝙝𝙤𝙧𝙩 𝙩𝙚𝙧𝙢 outlook has investors looking lower towards the $1900 target but this isn't guaranteed to be reached and price action may front tat $2200. War escalation's and retail selling are keeping price suppressed. ETF inflows and staking continue to grow! The time for patience continues. Money is made in the sitting, weathering volatility, not flipping in and out of trades on every bit of news and price movement 𝙏𝙚𝙘𝙝𝙣𝙞𝙘𝙖𝙡 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨 Price is consolidating at its recent highs. Consolidation under resistance has high probability of breaking out, the longer it remains the higher the probability. Elliot Wave (EW) analysis suggests a motif wave ended at the $2700 resistance, with a wave 2 retracement underway, likely a shallow one. Safe trading
COINBASE:ETHUSD
by Maddox_Metrics
4
SUI Macro AnalysisCRYPTOCAP:SUI macro analysis update... 📈 𝙇𝙤𝙣𝙜 𝙩𝙚𝙧𝙢 outlook shows price action still outperforming most alts with a great rally recently. Target remains the R5 weekly pivot at $15 📉 𝙎𝙝𝙤𝙧𝙩 𝙩𝙚𝙧𝙢 outlook has price pulling back, looking to find a bottom between $2.3-2.65 War escalation's and retail selling are keeping price suppressed as price changes hands to private companies and large wallets. The time for patience continues. Money is made in the sitting, weathering volatility, not flipping in and out of trades on every bit of news and price movement 𝙏𝙚𝙘𝙝𝙣𝙞𝙘𝙖𝙡 𝘼𝙣𝙖𝙡𝙮𝙨𝙞𝙨 Price is testing the weekly pivot and daily S1 pivot as support Elliot Wave (EW) analysis was a strong, textbook motif wave with a wave 2 retracement underway. Wave 2 often extends to the 61.8 Fibonacci retracement of $2.4 but the alt-coin golden pocket is the 78.6 at $2.03. No surprises if we see that area revisited and could be a great buying opportunity. Price has lost the daily 200EMA and DEMA which is bearish short term. Safe trading
COINBASE:SUIUSD
by Maddox_Metrics
1
$PEPE follow up for June 2025Follow-up on my previous CRYPTOCAP:PEPE analysis — it played out exactly as expected. CRYPTOCAP:PEPE remains my top meme coin, backed by some of the strongest tokenomics in the space. When altseason hits — if it hits — this one is primed to pump hard. Like most altcoins right now, CRYPTOCAP:PEPE is in a short-term corrective pattern. That opens up another great opportunity to enter low and potentially ride a 2x or 3x move on the next leg up. I’ve marked my usual buy zone. It may seem optimistic for now, but history shows how fast meme coins can dump… and then recover just as quickly. A drop into that green zone is entirely possible. 📲 Follow me for alerts — I’m monitoring CRYPTOCAP:PEPE daily. It’s one of my top picks. DYOR. Here was the previous analysis: #PEPE #MemeCoin #Altseason #CryptoGems #BuyTheDip #Altcoins #CryptoTrading #Tokenomics #DYOR #CryptoAlerts
Short
by CryptoNikkoid
XRP - Trade The Range!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈XRP has been trading within a range between $2 and $2.35 in the shape of a flat rising broadening wedge pattern in red. 🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #XRP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
ETH is doing it AGAIN!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈ETH has been overall bullish trading within the flat rising channels marked in blue. Moreover, the green zone is a strong support zone! 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendlines acting as non-horizontal support. 📚 As per my trading style: As #ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
18
Sell Bitcoin and buy Altcoins!🚨 Controversial Take Ahead – Packed With High-Value Insights 🚨 Let’s dive deep. 👨‍💻 A bit about me: I’ve been riding the tech wave since the beginning: Programmed video games in the 80s and 90s Built VSTi plugins in the early 2000s Started creating websites when Internet Explorer 1.0 launched Sold 3D assets when Unity 2.5 (first PC version) dropped Launched my own blockchain in 2016 Deployed smart contracts on TRON in 2018 I don’t follow trends—I predict them. My instincts are backed by decades of hands-on experience. Now, here’s what I see coming: ⚠️ 1. Sell Your Bitcoins Yes, Bitcoin is obsolete. It’s a technology—not a precious metal—and like all tech, it must evolve or die. Ask yourself: Do you use a Blackberry today? Still flying in 1930s planes? Gaming on an Atari or Commodore 64? Surfing the web with Lycos or Altavista? No? Then why are you betting on a 2009 technology? Most people don’t even understand how Bitcoin works—ask around what SHA256 or RSA means. Crypto is misunderstood, and that’s dangerous. Back in 1998, I created the UPL library, which handled data compression & encryption using all major algorithms—Huffman, LZSS, DES, RSA, etc. I’m not just throwing words around—I’ve built this stuff. Politicians and financial institutions (yes, even Saylor) are 15 years late to Bitcoin. They're missing the truth: BTC’s upgrades failed (Ordinals, Runes, etc). Its value holds due to FOMO from the uninformed, not innovation. One day, your Bitcoins will be as worthless as mp3.com stock. That’s not opinion—that’s technological reality. 🪙 2. Buy Altcoins Not every altcoin is a winner—but that’s where the real opportunity is. Remember: Nokia and Blackberry ruled before Samsung and Xiaomi. The next Amazon, Google, or Nvidia already exists—and it's trading for pennies. When people laugh at altcoins, that’s the time to buy low. Altcoins like CRYPTOCAP:SOL , CRYPTOCAP:SUI , MIL:UNI could 100x… even 100,000x. Bitcoin might double—and then crash. Smart traders buy when everyone else is mocking. 🌍 3. Consequences of the BTC Collapse This collapse will come at a turning point in global power. Wall Street and U.S. states are heavily exposed to BTC. If it crashes, the Western financial system could implode—a dot-com-level disaster. China, on the other hand, is stable, adaptive, and tech-forward. Crypto without staking, DeFi, NFTs, GameFi, smart contracts? That’s not the future—that’s Bitcoin. Altcoins are the future. Bookmark this post. Re-read it in 10 years. You’ll remember I said it first: Innovation is unstoppable. Enjoy the last Bitcoin pump. Then watch what comes next. DYOR. #CryptoRevolution #AltcoinSeason #BitcoinCollapse #Web3Future #BlockchainInnovation #SellBitcoin #BuyAltcoins #CryptoTruth #DeFi #GameFi #SmartContracts #CryptoShift #UnstoppableInnovation
Short
by CryptoNikkoid
10
AERO: Take Off!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Long Entry at $0.515 Recap SPARKS:AERO caught a bid after Coinbase news hit, but world events quickly clipped the rally’s wings. Price bounced cleanly off the .48 level, which aligned with an Area of Interest (AOI), a Level of Interest (LOI), and a golden zone retracement displayed in the last analysis. Explanation The .48 level was key and the reaction was textbook. The Coinbase news provided a catalyst just as price reached the .55 level. However, macro uncertainty remains a headwind. Now, all eyes are back on .55. Bulls need to defend this structural level. The current pierce of .75 is an encouraging move. Continuation and a proper flip of that level would keep confidence high. Wave 3s are a sight to see, so a retrace may not even occur if price simply sends. Still, while AERO stood up and moved counter to the broader market when world news dropped, that alone may not be enough if global bearish reactions continue. Outlook Entry projected in the previous analysis has played out in ideal fashion, but the market remains fluid. Key levels: .75 recent break .55 ideal hold .48 impulse invalidation Current trend at the lesser degree is up and holding higher lows. Next objective: take out the .80 pivot and change the trend at the higher degree. Break of the higher lows at the lesser degree would be the first sign of weakness. I’m watching for a definitive correction for a potential long add. A swift move that breaks higher lows could signal danger to bulls. Trade Safe! Trade Clarity!
COINBASE:AEROUSDLong
by CryptoKnee
KAS-USDT (Bybit spot), 4-hour candles TA+Trade plan1. Market context & chart structure Asset / venue / timeframe: KAS-USDT (Bybit spot), 4-hour candles, data to 12 Jun 2025 06:45 UTC (see image). Primary pattern in play: Price has compressed into a contracting (symmetrical) triangle that began after the 28 May low. The apex is only ~1–2 candles away, so a decisive break is statistically imminent. Preceding structure: 17-day descending channel → capitulation into a falling-wedge reversal (27–28 May). Two-legged double-bottom (“Bottom 2”) at 0.075–0.078 USDT. Sideways rectangle 29 May-7 Jun, now morphing into the present triangle. Key horizontal levels (4 h closes): 0.0930 (upper triangle rail / neckline) · 0.0891 (local supply) · 0.0797 (strong demand / wedge base) · 0.0620 (monthly support) Volume picture: Realised volume has been drying up since 31 May, a classic pre-breakout contraction. A spike on the break will confirm direction. 2. Indicator read-out Market Cipher B - Green momentum wave printing, money-flow bars just turned positive Mildly bullish, Early bull divergence vs 28 May RSI(14) - 46 and curling up - Neutral-to-bullish Hidden bullish divergence vs price higher-lows Stoch RSI 26/24 and crossing up from oversold Bullish Momentum reset complete ArTy Money-Flow Index +3.5 and rising Bullish Positive inflow after five sessions of outflow Collectively the oscillators favour an upside resolution, provided volume confirms. 3. Scenario probability matrix Scenario Trigger & confirmation Option 1 – Uptrend continuation 4 h close ≥ 0.0925 USDT with volume ≥ 2× 20-period average Measured-move 0.107 → 0.118; extended fib 1.618 ≈ 0.125–0.128 Est. probability: 60 % Option 2 – Downtrend resumption 4 h close ≤ 0.079 USDT with similar volume spike 0.072 (range EQ) → 0.067–0.062 structural support Est. probability: 40 % Weighting derives from: oscillator bias, shrinking supply above 0.092 (order-book heat-map), but tempered by external models calling for a short-term dip toward 0.067 USDT 4. Trading plan Component Long (Option 1) Short (Option 2) Entry Buy stop 0.0926 USDT Sell stop 0.0789 USDT Initial stop-loss 0.0838 USDT 0.0870 USDT (back inside triangle) Primary target-1 0.1050 (≈1R) 0.0725 (≈1R) Secondary target-2 0.1180 (≈2.5R) 0.0670 (≈2.5R) Position size Risk ≤ 1 % of account per trade (adjust contracts accordingly) 5. Additional catalysts & risk factors Macro-beta: BTC dominance and broad market risk-on / risk-off could swamp pattern-based setups; monitor DXY and SPX correlations. Protocol news: Kaspa’s DAG-based roadmap upgrades and potential exchange listings remain upside catalysts. Conversely, lack of progress or regulatory headlines could accelerate a downside break. kaspa.org Weekend liquidity gaps: KAS often shows slippage outside US trading hours; consider reducing size or using wide stops if breakout occurs late Friday–Sunday. 6. To sum up Bias: I lean 60 % toward Option 1 (bullish breakout) provided we get a 4 h close above 0.092 with volume confirmation. Otherwise, a flush to the 0.07 area (Option 2) is the alternative. Trade the break, not the prediction, and keep risk tight.
Long
by elfabiiani
1
GRT | Altcoins | MASSIVE UPSIDE Potential on The GraphAnother altcoin that has great upside potential is the Graph BINANCE:GRTUSDT The Graph from a weekly perspective may seem like there's not much action, but if you zoon in to the daily timeframe we see a different picture. WEEKLY: VS DAILY: We can see anything from a +40% increase to a -30% dip in just a few days; a picture that is lost when we look at the weekly. This is IDEAL for swing trading. Once you've established the general direction from the MACRO, swing trades become very viable (spot). If your patient enough to wait for a few days, a +30% could easily be achieved within a two week timespan. ______________________ BINANCE:GRTUSDT
Long
by Crypto-Check-
LINK Bulls Building Toward a Chain ReactionIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! LINK just gave us a clean reaction out of an identified box. Bulls may finally be gaining control and a trend shift up is on the table. We had eyes on this box for a potential reaction. The market delivered. Now bulls need to prove they can build on it. The first key is to defend 13.284. As long as this level holds, the case for a higher trend remains alive. Next, bulls need to clear 14.47. That is the first smaller degree LH that must be taken out to confirm that buyers are pushing through the structure. The big step remains 15.00. This has acted as a major flipping level. A true test for the bulls will be whether they can reclaim and hold above it. If they do, the door opens for stronger upside follow through. The path is clear: 💥 Hold 13.284 💥 Break 14.47 💥 Reclaim 15.00 We will continue to track this closely with the Elliott Scanner mindset. If momentum picks up through these levels, this could become an attractive higher-degree setup. Watch these levels carefully. Bulls have work to do, but the ingredients for a shift are building. Trade Safe! Trade Clarity!
COINBASE:LINKUSDLong
by CryptoKnee
1
TOTAL3 – Altcoin Market Cap (Excluding BTC & ETH) Weekly TF 2025Summary TOTAL3 is currently in a macro bullish cycle and undergoing a mid-cycle correction. The chart presents a Fibonacci-based structural roadmap with 3 Take Profit zones, identifying both correction supports and breakout targets. There is a high probability of short-term downside before a significant altcoin rally. 🌈 Chart Context Fibonacci Retracement (Primary Leg): 100% = 285.3B 0% = 1.16T Trend-Based Fibonacci Extension A = 285.3B B = 775B C = 464.11B Price as of analysis: ~845.62B Key Technical Observations Support Levels: 61.8% Fib Retracement = 618.5B Strong Confluence Zone: Fib Retracement 48% + Fib Extension 50–61.8% (highlighted on chart) 38.2% Fib Retracement = 824.38B Resistance Levels: 951.73B: 23.6% Retracement + 100% Extension – strong resistance zone before $1T psychological level Take Profit Zones: 1 TP (1.1T) = 127% Fib Extension (Upper leg of parallel extension) 2 TP (1.28T) = 161.8% Fib Extension 3 TP (1.7T) = -61.8% Fib Retracement and 261.8% Extension confluence zone Pattern & Projection: The structure suggests a possible correction phase to lower support before continuation. Bullish continuation expected after corrective phase, shown by the projected dotted path. Structure: Bullish structure with healthy correction in mid-phase of the macro uptrend. Fundamental Context Altcoin Lag: TOTAL3 remains ~40% below its ATH, while BTC and ETH have already hit new highs. Liquidity Shift Expected: Altcoin capital rotation tends to follow after BTC dominance stabilizes or drops. Macro Backdrop: Fed expected to cut rates later in 2025 Stablecoin legislation and ETF narratives building altcoin trust Institutional inflows are slowly diversifying from BTC to ETH and large-cap alts These suggest a possible shakeout or deeper correction before altseason breakout gains strength. Bias & Strategy Implication: Bias: Bullish Mid-Term – Correction Before Continuation Expected Scenario: Pullback to strong support zones (824B–733B–618B), followed by a sustained breakout toward 1.1T–1.7T. Invalidation: Weekly close below 618B may delay bullish structure and extend correction. Strategy: Long entries at support zones with tight invalidation Scaling out near TP1, TP2, TP3 based on market momentum Philosophical View Patience is the virtue of the second leg in a macro trend. The correction serves to eject the impatient, reprice risk, and strengthen conviction. When TOTAL3 rises from deep support, it will be not just price but confidence that rallies. Related Reference Charts TOTAL Market Cap Structural Breakout: TOTAL2 Altcoin Chart with Fibonacci Path: ✅ Tags #TOTAL3 #AltcoinMarket #Fibonacci #Altseason #CryptoCorrection #CryptoMacro #TechnicalAnalysis #BullishOutlook #MidCycleCorrection #Crypto2025 ⚠️ Notes & Disclaimers This analysis is educational and not financial advice. Markets are inherently risky. Do your own research and manage risk accordingly.
CRYPTOCAP:TOTAL3Long
by BitonGroup
Biggest Altcoin Season of this Bull Cycle is Coming! As you can see, there is a Massive Ascending Broadening Wedge forming on the #Bitcoin Dominance! Currently dominance is located almost near the top of the wedge. More likely we will see its ascend up to 67% which will be marked as top before the dump. The breakdown of this wedge will signal a beginning of a HUGE Altcoin Season (comparable to Autumn of 2021 or Autumn of 2023) when not only small cap, but major altcoins will be sent to new highs. With high probability it will begin in August and will last till December this year. Mark my words & be prepared for the last opportunity of this bull cycle!
CRYPTOCAP:BTC.DShort
by RobertMercer
26
XVG - Privacy is Important!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈XVG has been overall bullish trading within the rising channel marked in blue and it is currently retesting the lower bound of the channel. Moreover, the red zone is a strong structure. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #XVG approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
1
Long-Term Technical Outlook: Critical Decision Point Approaching The chart illustrates a long-term technical structure where the price has been following an ascending channel after a prolonged bearish trend. However, recent price action indicates a breakdown below the green ascending trendline, raising concerns about a potential shift in market sentiment. Currently, the $117 level is acting as a pivotal support zone. A sustained breakdown below this level — and more critically, below the red lower trendline — would validate the bearish scenario. This could trigger a deeper correction phase, with downside targets aligned along the red projection path. Such a move may lead to significantly lower price levels in the medium to long term. 🔽 Bearish Scenario: If the price fails to hold above $117 and breaks below the red trendline, this would confirm the start of a bearish leg. Based on historical structure and projected trajectories, this could result in a descent toward the $93 level initially, with the possibility of extending further downward depending on market conditions. 🔼 Bullish Scenario: On the other hand, if the price manages to reclaim the green trendline and more importantly, stabilize above the $204 resistance zone, it would signal renewed bullish strength. Such a move would open the path toward higher highs, potentially re-entering the previous upward channel and continuing the macro uptrend. 🧭 The price structure is now approaching a decisive zone, where either a confirmation of bearish continuation or a bullish recovery will likely unfold. Both scenarios have been visually outlined — green lines indicating bullish continuation, and red lines representing bearish momentum. 📌 Note: This analysis is for educational purposes only and should not be interpreted as financial advice.
by TrendShot