It is still being revised and it may happen like this.COINEX:BTCUSDT It is still being revised and it may happen like this.
Double Top or Bottom
1/8 Gold Trading StrategiesGold is currently forming a double top pattern, which significantly increases the probability of a downside move. Therefore, the recommended trading strategy is to sell with a (TP) target at 2640-2632.
EURCAD: Bearish Outlook Explained 🇪🇺🇨🇦
EURCAD formed 2 bearish patterns on a daily:
first, the price violated a support line of a rising parallel channel,
a neckline of a double top formation was violated then.
It indicates a strong bearish pressure on the market.
The market may reach 1.475 support soon.
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The upward trend will continue, target: 2670-2680Gold affected by bearish PMI data, initially pulled back to the 2642 level before rebounding sharply to a high of 2656. It has since slightly retreated but remains in a consolidation phase overall.
While gold's short-term bullish momentum has weakened somewhat, it is unlikely to establish a new downtrend in the near term. Recent pullbacks have consistently preserved the bullish structure, and during the rebound attempts yesterday and today, two long lower wicks have formed on the candlestick charts, signaling strong buying support below. Therefore, gold remains poised to break above the recent high of 2665 after this consolidation phase and extend its rally toward the 2670-2680 zone, or potentially even 2690.
Following today’s trading strategy, I entered a long position on gold at 2640 and manually closed it around 2659 to secure profits. Although I missed the opportunity to go long near 2642 after the PMI-driven pullback, I observed the formation of a W-bottom pattern on the 5-minute candlestick chart. This prompted me to re-enter a long position around 2646, and, given gold's current consolidation phase, I promptly closed the position at 2652 to lock in profits.
For upcoming trades, the candlestick chart shows an upward bias, and we will continue to prioritize long positions in short-term trading. However, the key support zone to watch has now shifted higher to the 2645-2635 range.
Bros, have you followed me and made a profit by going long gold? There will still be opportunities to participate in the long gold trade later. If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
NVDA - A 90% Short fall to the centerline ($100-$104) or lowerDouble top, failed breakout of the high—call it what you will.
Fact is, NVIDIA has taken a brutal hit and is now trading back inside the fork.
Hagopian—what on earth is a HAGOPIAN?
According to the Fork Framework rulebook, if the market fails to reach its next target (the next line, such as the centerline, lower median line parallel, etc.), it reverses and moves further back than where it started.
This is (not so exactly) what happened in December. Instead of reaching the centerline, the market turned, shot beyond the upper median line parallel (U-MLH), and was supposed to break above the November 21st high. It missed that target as well. And this, my friends, is....?
...again, a HAGOPIAN!
Now, it’s heading south again. But this time, we have an over 90% probability of reaching the centerline. Why? Because when the market breaks above the U-MLH and then falls back into the fork, it’s a very bearish signal.
Of course, nothing works 100%. The market could turn around today and push past the high. But statistically, we’re aiming for the centerline—and there’s an over 90% chance we’ll hit it.
When will it happen?
Sorry, my crystal ball is broken.
All I do is follow the Fork/Median Line rulebook and rely on my experience.
As for me, I’m opening a short position in NVIDIA today and may add to it on the way down to the centerline. And I play this game with Options, so no hard price level stop for me.
Altseason 2025 scenario.Here’s a bullish scenario for 2025: BTC.D Weekly Chart - a pattern that often precedes an Altcoin season. Prediction: It might occur in January next year.
GBPCAD: One More Bearish Confirmation?! 🇬🇧🇨🇦
GBPCAD forms one more bearish pattern on a 4H time frame
after a retest of a recently broken neckline of a head & shoulders pattern on a daily.
Chances are high that the price will go down and reach at least 1.7876 level.
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Nvidia Stock Double Top Nvidia 📉 **Double Top Pattern in Technical Analysis** 📉
A **Double Top** is a bearish reversal pattern that signals a potential trend change from upward to downward. It forms after a strong uptrend and consists of two peaks at roughly the same price level, with a valley (or trough) in between.
🔍 **Key Characteristics**:
1. **First peak** – Price hits a high point and retraces.
2. **Second peak** – Price rises again but fails to surpass the first peak.
3. **Neckline break** – A drop below the trough confirms the pattern, signaling a potential downtrend.
🚨 **What it means**: When the price breaks below the neckline (the support level), traders may look for a sell signal, as the pattern suggests weakness and a possible reversal of the current uptrend.
#TechnicalAnalysis #DoubleTop #ChartPatterns #StockMarket #TrendReversal #TradingTips
Possible bear case and short entryNASDAQ:NVDA possible bear case projection with the double-top.
If lost, short entry short entry should wait for a rejection by weekly EMA30, blue box.
Give price a chance to bounce-off $129 and weekly EMA30 before getting beared-up.
USDJPY Scenario 1.1.2025At this moment we are shown two scenarios, both shorts, we have an sfp above the low because it could give us a better view of the overall direction the market could be heading at the moment, support above us, which if it breaks, nothing prevents us from moving to a higher level, if we hold the level, then we can expect a move somewhere towards the price of 150, but I am still waiting for confirmation.
CHZUSDT: Bullish Breakout or Breakdown? Key Levels to Watch!Yello, Paradisers! Is CHZUSDT about to break out into a bullish rally, or will the support zone crumble and invalidate the setup? We’re at a critical decision point, and how price reacts at key levels will be crucial. Let’s break it down.
💎CHZUSDT has formed a W-pattern at a key support zone, which is a classic bullish reversal structure. This pattern increases the probability of an upward move, but it still requires confirmation. Without a proper breakout above resistance, the bullish setup remains incomplete.
💎To validate the W-pattern and increase the chances of bullish continuation, CHZUSDT needs to break through the resistance level and close a candle above it. A confirmed breakout at this level would signal strength from buyers and could lead to a significant upward move.
💎However, if the price pulls back instead of breaking out, there’s still hope for the bullish case. In the event of a retracement, we can expect a bounce from the strong support zone. But to increase the probability in our favor, it’s essential to watch for bullish signals on lower time frames. These include an Internal Change of Character (I-CHoCH) or familiar patterns like a smaller W-pattern or an inverse head and shoulders. Seeing any of these will reinforce the bullish outlook.
💎On the other hand, if the price breaks down and closes a candle below the strong support zone, the bullish idea becomes invalid. In that case, it’s better to step back and wait for cleaner price action to form before making any new decisions. It’s never a good idea to force a trade when the market is unclear.
Patience is key here. The market rewards those who wait for high-probability setups rather than chasing moves without confirmation. Discipline and a clear strategy will always keep you ahead.
MyCryptoParadise
iFeel the success🌴
BITCOIN (BTCUSD): Bullish Continuation ConfirmedBitcoin appears to be on a path of continued growth, with a promising bullish signal indicating a breakout of a double bottom pattern on a daily chart.
The next potential resistances to watch for are at 106,000-108,000.
XAGUSD has formed a double bottom patternOn the 4-hour chart, XAGUSD has formed a double bottom pattern. Currently, we can focus on the support around 29.87. If it does not break through the support, it is expected to continue to rise, and the upward target is the resistance around 31.00.
GBPJPY - Bearish Double TOP Hello Traders !
On Thursday 19 Dec, The GBPJPY reached the resistance level (198.662 - 199.522).
The price formed a double top pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
______________
TARGET: 191.650🎯
XAUUSD: Failed Breakout and Key Trendline SetupGold (XAUUSD) has broken out of the New Year’s week range, but signs point to a potential failed breakout. A move lower could follow before making new highs above the inner double top. If the upper trendline breaks, key orders below the price could become void.
Reopening tradeIt has more downside. See my previous post. Is testing the broken support now resistance and looks very weak.
Bullish Cases for ENA/USDT#Bull_Insights #014
Coin Ticker : #ENA
Market : Binance
Time Frame : 1 Week.
This report analyzes the bullish indicators for ENA/USDT as depicted in the provided chart, highlighting potential upward trends and investment opportunities based on technical analysis.
Key Observations:
Volume Surge : There's a noticeable increase in trading volume at the end of 2024, which often precedes significant price movements. High volume can indicate strong buying interest, suggesting a potential bullish trend.
Price Consolidation : The price has been consolidating within a tight range, marked by the red dashed lines (approximately $1.2 - $1.4 USDT). Consolidation after a downtrend and rebound can lead to a breakout, often upwards if accompanied by increasing volume.
Support and Resistance: The consolidation area acts as a strong support level. If ENA breaks above the resistance with significant volume, it could signal the start of a new uptrend.
Moving Average Cross: Although not explicitly shown, the price action near what appears to be a moving average specifically on the daily time frame confirms a golden cross (short-term MA crossing above long-term MA), a bullish signal.
Relative Strength Index (RSI) : The RSI, if considered, rebound from the oversold area and currently showing bullish sentiment with a divergence in the formation (not visible in the chart). An RSI moving upwards from an oversold condition or showing bullish divergence could confirm buying momentum.
Pattern Formation : The price action seems to be forming a potential double bottom or and in some particular cases inverse head and shoulders pattern, both of which are bullish reversal patterns. Confirmation of these patterns with a breakout above the neckline or the red rectangle resistance area would be a strong bullish signal.
Fibonacci Retracement: The price is currently near the 1.68 Fibonacci extension level. A bounce from these levels could indicate the resumption of the forming uptrend.
🔼Bullish Cases:
Breakout Scenario: A breakout above the current resistance with high volume could lead to a target price calculated by the height of the consolidation range, potentially pushing ENA towards $1.6 - $1.8 USDT in the short term and will pave a way for the long term ATH move for the coin.
Pattern Confirmation : If the patterns mentioned (double bottom or inverse head and shoulders) are confirmed, this could lead to significant price appreciation, targeting levels beyond the previous highs.
Volume Confirmation: Continued increase in volume alongside price movement will validate the bullish case, suggesting strong market interest and potential for sustained growth.
Fundamental View on the future of MIL:ENA :
▶️ Sector: DeFi
▶️ MC: $3.73B
▶️ FDV: $18.58B
▶️ Unlocked supply: 20.22%
- Ethena is a synthetic dollar protocol built on Ethereum.
- It offers a crypto-native solution for money that doesn't rely on traditional banking infrastructure.
- Additionally, it provides a globally accessible, dollar-denominated savings instrument — the "Internet Bond."
Conclusion:
The current technical setup for ENA/USDT shows several bullish indicators. However, investors should watch for confirmation through volume and price action before making investment decisions. Always consider broader market conditions and news related to ENA that could affect its price independently of technical indicators.
Recommendation:
Monitor ENA/USDT closely for breakout signals above the current resistance. If confirmed with volume, consider entering long positions with stops below the consolidation area for risk management.
Denison Mines Corp Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Denison Mines Corp Stock Quote
- Double Formation
* (Neckline) At 1.9250 USD | Subdivision 1
* Head & Shoulders Pattern | Entry Bias | Short Position
- Triple Formation
* 6X Retracement | Numbered | Subdivision 2
* (Flag Structure) | Uptrend Bias | Long Position
* Daily Time Frame | Behavioural Settings Condition | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
ROSEUSDT on the Verge of a Breakout or Breakdown?Yello, Paradisers! Are you watching ROSEUSDT closely? If not, you might want to pay attention because this setup is reaching a critical point that could make or break its next move. Let's dive into the key levels and scenarios we're monitoring to stay one step ahead of the crowd.
💎ROSEUSDT is attempting to form a W pattern from a key support zone. If this pattern fully materializes and we see a breakout with a confirmed candle close above the resistance, the probability of a bullish continuation will increase significantly. This move could open the door to higher price levels.
💎However, it’s essential to wait for confirmation—the breakout must be backed by a solid close above the resistance level to validate the W pattern. No premature entries, Paradisers! Discipline is key.
💎If the price pulls back before breaking out, there’s a high chance of a bounce from the strong support zone. But to increase the odds in our favor, we need to see signs of bullish intent, such as a bullish I-ChoCH (Internal Change of Character) or familiar bullish reversal patterns like the W pattern or inverse head and shoulders on lower timeframes.
💎Keep in mind—it's not just about the support holding, but also about how the price reacts at these levels. Strong bullish reactions give us more confidence to enter trades.
💎On the flip side, if ROSEUSDT breaks down and closes a candle below the key support zone, it will invalidate our bullish idea entirely. In that case, it’s better to remain patient and wait for new, more favorable price action to form before taking any positions.
💎Patience and discipline are what separate successful traders from the rest. We wait for high-probability setups with clear confirmations. No rushing into trades without a validated breakout!
Trade smart, Paradisers. Stick to your strategy, and remember—the market rewards the most disciplined players.
MyCryptoParadise
iFeel the success🌴
ON THE ROAD AGAIN?Have we recently seen a double bottom in CARS, and will it now be on the road again?
Crypto Bull Market is Over!!!I'm a big Crypto fan and investor and this is my 3rd Crypto Bull run.
We all enjoy the excitement of the 3-5 and 10x that these Bull markets bring us; however, we can never tell when the Institutions will pull the rug under us retail investors.
Even though that I want this Bull Market to continue, we have to be realistic and look for clues to be able to come out with profits.
If you look closely at these 3 charts and see how their tops all came pretty much at the same time, we have to speculate very hard that the Top is In.
There is enough evidence that tells me that a Market Top is In on all 4 charts.
First off, Homebuilders Trust on the Left showed a top in 2021, where it was the exact time that SP500 top as well as Bitcoin.
Tops come when noone is expecting and all channels and influencers I read and watch are saying that we will have another run in Jan-Feb-Mar 2025 and some are saying this Bull market will last until Nov 2025.
I really "hope" that this happens, but 'hope' is not a word to be used in trading. There is no Hope in trading. There is facts and one must try to find these little clues and make their best investment decisions.
If the Top is In, how do we prepare? The way I'm seeing this that there is a lot of invested money out there yet so probably Jan 20 during Presidential inauguration, we should see another run up and excitement and news bringing everyone super excited to Crypto so Institutions can unload their bags. Then we should see sideways to downtrend begins.
I will certainly start selling my bags and only leave 25% of my investments in case I'm wrong.
In times like this, it is better to come out with some profits than no profit at all.
What other evidences am I seeing? Homebuilders had a Head and Shoulders formation at the top on 2021, Sp500 had a triple top, BTC had a triple top.
What do we see now in Dec 2024?
BTC shows a Bearish engulfing in the Weekly Chart and in the Monthly it shows a Topping Tail or reversal Pin Bar.
The SP500 shows a Head and Shoulders in the daily chart, (even though Nvidia is having a monster move as I write this today), Nvidia also has a Head and Shoulders in the daily chart.
Google also has a Double Top in the Weekly time frame the same it had in Nov 2021 when Google top was in.
All in All, we have to take all these facts in consideration and prepare ourselves.
I hope you found this informative and helpful.
Leave your comments below and let me know if you think that the Top Is In or not.
Happy Trading.
Is CYBERUSDT on the Verge of a Major Breakout? Yello Paradisers! Are you watching CYBERUSDT closely? If not, now’s the time. We’re at a critical point with a textbook W-pattern forming right at the supportive trendline of the ascending channel, and things are heating up! Let’s break it down.
💎The pair is currently respecting the ascending channel’s support, increasing the probability of a bullish move. But the key lies in what happens next:
💎If CYBERUSDT breaks through the resistance level and closes a candle above it, we’ll have a confirmed W-pattern. This will likely trigger a strong upward move, giving bulls the green light to step in.
💎If the price pulls back further, we’ll watch for inducement below the current level. This could bring the pair down to a strong support zone, where we’ll need to see bullish reversal patterns like a bullish I-CHoCH, W-pattern, or inverse head and shoulders on lower timeframes before considering long positions.
💎But let’s not jump the gun, Paradisers. If CYBERUSDT breaks down and closes below the strong support zone, it will invalidate the bullish setup entirely. In that case, it’s best to step aside and wait for better price action to develop.
Trade smart, Paradisers. Remember, it’s not about predicting every move—it’s about waiting for the right setup and striking with confidence. Patience is what keeps you in the winner’s circle. Stay focused and disciplined!
MyCryptoParadise
iFeel the success🌴
