Get started

Double Top or Bottom

UNIUSDT: A Massive Bullish Move Loading… or a Trap?Yello, Paradisers! Is UNIUSDT finally gearing up for a major breakout, or is this just another fake move before a deeper correction? Let’s break it down. 💎UNIUSDT is currently trading within a descending channel, increasing the probability of an upcoming bullish move. The key support zone is holding strong, and we might be witnessing the early signs of a double-bottom formation—a classic reversal pattern. 💎However, confirmation is everything in trading. To increase the probability in our favor, we need to see: Bullish divergence, Bullish I-CHoCH (Internal Change of Character), Bullish reversal patterns such as a W-pattern or inverse head and shoulders from our support zone. 💎If UNIUSDT retraces further, we expect a bounce from the strong support zone—but again, we must wait for clear bullish confirmations before taking any positions. 💎The invalidation level? If price breaks and closes candle below the strong support zone, the entire bullish setup gets invalidated. In that case, we wait patiently for better price action before considering any new trades. 🎖Patience and discipline are key, Paradisers. Many traders will get trapped in bad positions, but those who wait for the right confirmations will be the ones making money. Trade smart & stick to high-probability setups only. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Is SUSHIUSDT About to Bounce or Break? Yello, Paradisers! SUSHIUSDT is setting up an intriguing scenario after reacting to a key resistance trendline. Let’s break this down: 💎If SUSHIUSDT shows a bullish I-CHoCH (Internal Change of Character) from the key support zone—previously a resistance level—it could signal a higher probability of a bounce. However, patience is key here; we need to wait for confirmation of a bullish I-CHoCH on lower timeframes to take action. 💎On the flip side, if the price experiences further drops or shows signs of panic selling, the best approach would be to wait for it to reach a stronger support zone. At that point, we’d need to look for bullish patterns such as A W formation or An Inverse Head and Shoulders on lower timeframes to stack the odds in our favor. 💎If the price breaks down and closes a candle below the strong support zone, it will invalidate the bullish thesis entirely. In that case, it’s smarter to wait for a clearer structure to develop before considering any entries. 🎖 Remember, Paradisers, disciplined trading is the only way to achieve long-term success. Avoid impulsive decisions and always prioritize confirmation over speculation. The market rewards patience and preparation—stay sharp, stay focused. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
8
REZ/USDT – Potential Reversal from Tweezer Bottom | 1H Chart AnaREZ is showing early signs of a trend reversal on the 1-hour chart after forming a Tweezer Bottom pattern near a support zone. This pattern, combined with a bullish RSI divergence and a break of the downtrend line, suggests a possible shift in momentum. 🔹 Entry Price: $0.01378 🔹 Stop Loss: $0.01310 🔹 TP-1: $0.01467 🔹 TP-2: $0.01559 ✅ RSI is showing bullish divergence, indicating weakening selling pressure. 📌 Traders can watch for volume confirmation and manage risk accordingly. As always, take-profit levels can be adjusted depending on your individual risk-reward ratio or trade management plan.
Long
by Asif_Iqbal_chaudhary
Double Top Alert: SOLUSDT Setup Screams ReversalYello Paradisers, will you act like a pro and prepare for the next clean short opportunity on #SOLUSDT, or will you fall for the same breakout trap again just before the market punishes greed? 💎#SOLUSDT is displaying a textbook double top formation just under a well-respected resistance zone. This kind of structure is no joke—it’s a consistent precursor to sharp downside when liquidity gets taken from retail longs who are too eager to buy high. The market rarely gives second chances. What you’re looking at now is one of them. 💎Price has printed a double top around the $185 to $188 region. That zone has repeatedly acted as a ceiling, and buyers have failed to maintain any strength above it. The lack of follow-through is a major sign of exhaustion, especially after the second tap failed to even test the previous high with conviction. 💎Instead of breaking out, SOLUSDT has rolled over and is now struggling under the $176.23 minor resistance. That weakness is already being confirmed on lower timeframes. As long as this area holds as resistance, there is no justification for any probable aggressive long setups. This is a market preparing to punish overleveraged traders. 💎There’s a clear invalidation for this setup, and it’s extremely important to stick to it. Any 4H candle closing above $190.18 would break this structure and force us to step back and reassess the setup. Until that happens, the current bearish thesis remains firmly in play. 💎The nearest support sits at $168.86 which has highest probability that price may visit there. This level may act as a brief pause, but if the selling intensifies, it will likely break. A confirmed move below that level opens the door toward the true target of this breakdown, which is the $153.95 major support zone. That’s where we’ll be watching for a real reaction. 💎The current structure is heavily skewed toward the downside. Bears are clearly in control below $176.23, and the market has shown no signs of reclaiming key levels that would shift that control back to the bulls. Any bounce should be treated as corrective unless proven otherwise by a structural shift. Strive for consistency, not quick profits, Paradisers. Treat the market as a businessman, not as a gambler. If you master that mindset, you’ll already be far ahead of the crowd. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
1
Silver Double Top at Major Resistance – Bearish Breakdown📌 Overview: This chart shows a classic Double Top Pattern forming on the weekly timeframe for Silver (XAG/USD). Price has reached a multi-year resistance zone and failed to break above it twice, signaling potential exhaustion of bullish momentum and the possibility of a larger trend reversal. 🧩 Detailed Pattern Breakdown: 🔹 1. Double Top Pattern The double top is one of the most reliable bearish reversal patterns, formed when the market tests a resistance level twice and fails to break it, creating two rounded or sharp peaks. In this case: Top 1 and Top 2 occurred near the $35–36 zone, clearly marked as a major resistance level. This indicates strong selling pressure from that zone. 🔹 2. Major Resistance Zone The $35–36 price range has historically acted as a ceiling for Silver prices. It rejected price several times between 2021 and 2025. When this kind of level holds, it often precedes sharp corrections, especially when volume begins to drop and momentum weakens. 🔹 3. Rising Trendline Break After forming the double top, price broke down through a key ascending trendline, a sign that the bulls are losing control. The breakdown is further confirmed by a strong bearish candle, closing below both the trendline and a critical SR (Support-Resistance) Interchange zone. 🔹 4. Retesting in Progress Post-breakdown, the price action is now retesting the broken trendline and horizontal zone (~$28). This is a crucial moment: If Silver gets rejected here, it confirms the bearish breakout and signals entry for sellers. If it reclaims this level, the bearish setup could fail, and price might consolidate or resume uptrend. 🔹 5. SR - Interchange Zone This zone is marked because it acted as resistance during the 2022-2023 period, and then flipped into support in 2024. Currently, it’s being tested from below, making it an SR flip retest. These zones often become inflection points. 🔹 6. Black Mind Curve Support An important and unique addition is the “Black Mind Curve Support” – a curved dynamic trendline that has historically aligned with price retracements. The projected path shows that the curve and horizontal support (~$22.68) intersect, strengthening the significance of that level. 🔹 7. Measured Move & Target Based on the height of the Double Top pattern (approx. $10 range from top to neckline), the measured move places the target near $22.68, which matches both: Historical demand zone Curve support This alignment makes $22.68 a realistic and strong downside target. 🧭 Strategic Summary: Pattern Type: Double Top (Bearish Reversal) Key Resistance: $35–36 (Multi-year rejection level) Trendline: Broken (Bearish confirmation) Retesting Area: $28–29 zone (Watch for rejection) Downside Target: $22.68 (Confluence of support zones) Invalidation: Clean weekly close above $35 🔍 What Traders Should Watch: ✅ Bearish Candlestick Confirmation at the retest zone (e.g. bearish engulfing, shooting star). ✅ Increased volume on drop, confirming participation by larger players. 🚫 Invalidation signal would be a sustained move and close back above the resistance zone. ⚖️ Risk Management Tip: This pattern offers a high risk-to-reward ratio trade setup. Short entries on the retest with stop loss above $36 can provide substantial downside potential toward $22–23, especially in a commodity market prone to sharp retracements. 📌 Final Thoughts: Silver appears to be forming a clean double top reversal at a long-term resistance. If the current retest fails, a significant correction may follow, targeting the $22.68 level. This pattern, combined with key support-resistance dynamics and psychological zones, makes this setup worth monitoring for medium- to long-term traders.
OANDA:XAGUSDShort
by GoldMasterTrades
3
UK inflation surprise and US tax bill fuel GBPUSD breakoutGBPUSD just broke out. In this video, we explain how UK inflation and the US tax bill pushed it higher. We also look at the technical setup, the double top breakout, and the target at 1.4778. Will this rally last or is it a trap? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
5/23 Gold Analysis and Trading SignalsGood afternoon everyone! Gold did not touch our key buy or sell zones yesterday, but flexible intraday range trading worked well, resulting in decent profits. Currently, the price has reached around 3330, and from a technical standpoint, bulls remain in control. If no negative surprise hits the market, gold could target 3368 today, with a potential to test 3400 resistance next week. 🔔 On the news front, two key events during the U.S. session today deserve attention: A speech by Fed Governor Lisa Cook on financial stability — may provide hints about the Fed’s stance. An executive order signed by Donald Trump, which might impact markets depending on its content (e.g., taxes, tariffs, or spending). Also, note that U.S. markets will be closed next Monday, but this is unlikely to cause major disruptions. Positions held over the weekend can still be adjusted during the Asian session on Monday. 📈 Today’s Trading Recommendations: 📉 Sell near 3382–3398 (Resistance zone) 📈 Buy near 3274–3256 (Support zone) 🔁 Flexible trading levels: 3285 / 3296 / 3307 / 3316 / 3328 / 3337 / 3346 / 3361 / 3373
FOREXCOM:XAUUSDLong
by China_MsWang
DOW JONES INDEX (US30): Your Plan to Buy Explained There is a high chance that US30 will resume growth soon. The index is currently testing a wide daily support cluster. My signal to buy will be a bullish violation and a candle close above 41920 minor horizontal resistance. A bullish movement will be anticipated at least to 42200 level then. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:US30Long
by VasilyTrader
2
BTC Double Top Patterns As we see BINANCE:BTCUSD made a new high that can be a double top formation on chart. Also when we see the RSI chart it is seeing resistance above 60 and keep falling below 60. So Looks like a bearish trend and if BINANCE:BTCUSD breaks its 3 months support around 91700 then we can see BINANCE:BTCUSD around 76000. Lets see! This post is just my perception and for study purpose only. As crypto market has high risk of loosing money. Please invest your hard earned money carefully. I will not be responsible for any loss in the crypto market.
BINANCE:BTCUSDShort
by peeyushbajaj
BB/USDT – Bullish Setup with Wedge Breakout Potential | 1H ChartBBUSDT is currently presenting a strong bullish technical structure backed by multiple confirmations: 🔹 A double bottom has formed, signaling potential trend reversal. 🔹 Bullish divergence on the RSI strengthens the bullish outlook, showing hidden buying pressure. 🔹 Price action is compressing within a symmetrical wedge, and no bearish reversal patterns are currently observed. A breakout above the wedge resistance trendline could lead to further upside continuation. 📌 Entry: $0.18554 (upon confirmed breakout) 🛡️ Stop Loss: $0.16322 (below structure support) 🎯 Target: $0.21591 (+15.13%) — You may also set your take-profit levels based on your own risk-reward ratio and trading style. As long as the structure holds and no bearish confirmation appears, the setup remains valid. Always manage risk accordingly.
Long
by Asif_Iqbal_chaudhary
2
GBPCHF – Pullback to Demand Zones for Possible Buy Setup | ProfiOn the 1H timeframe, GBPCHF has broken above a key high and confirmed support with a solid close — showing bullish momentum. However, price is currently reacting to a 1H red order block, which could trigger a short-term correction. We’re now waiting for price to revisit one of the lower demand zones for potential buy opportunities. Make sure to look for multiple confirmations on the lower timeframes (M5 or M3) before entering any trade. Also, keep an eye on the red supply zone above; it may offer valid sell opportunities if bearish confirmations appear. 📌 Key Levels 🟢 Support Zones: • 1.1036 – 1.1046 • 1.0920 – 1.0950 🔴 Resistance Zone: • 1.1250 – 1.1290 ⚠️ Entry only with confirmation – patience pays. 🔍 Insight by ProfitaminFX If this outlook resonates with your own view, drop your chart or feedback below. Let’s learn and grow together 📈
Long
by ProfitaminFX