XAUUSD – Bullish Reversal Setup Near Support🟦 Chart Context:
Type: Intraday (likely 15m or 1h timeframe).
Indicators Used:
EMA 50 (Red): 3,316.497
EMA 200 (Blue): 3,316.332
Current Price: 3,312.650
🔍 Technical Analysis:
1. Trend & Moving Averages:
EMA Crossover (Bearish): The 50 EMA is slightly above the 200 EMA, but both are flat and converging, suggesting a neutral to slightly bearish short-term sentiment.
Price below both EMAs indicates bearish pressure in the immediate term.
2. Key Zones:
Resistance Zone: 3,355 – 3,370
Price was previously rejected from this zone, indicating strong supply and likely sell orders.
Support Zone: 3,295 – 3,305
Price has bounced here multiple times, suggesting active buyers.
Strong Support: 3,265 – 3,275
A broader and more historically respected area that could lead to a significant reversal if tested.
3. Price Action:
Currently forming lower highs and lower lows, which is a classic sign of short-term weakness.
A small descending triangle appears to be forming near the support level (bearish bias), but the drawn forecast suggests a potential fakeout breakdown followed by a bullish reversal.
4. Expected Scenario (as per chart projection):
Price might dip briefly into the 3,295–3,305 support, triggering liquidity grab (stop hunts).
A potential bullish rally towards the 3,355–3,370 resistance zone is expected.
This suggests a buy-the-dip strategy near support with tight risk management.
📈 Trade Outlook:
🟢 Bullish Bias:
If the support at 3,295–3,305 holds and price reclaims the 200 EMA convincingly.
Target: 3,355–3,370 resistance zone.
🔴 Bearish Bias:
If price breaks below the strong support (3,265), expect continuation lower.
Downside targets would then extend towards 3,240–3,250.
✅ Conclusion:
Current bias: Neutral to short-term bearish unless the lower support holds.
Key action zone: Watch price reaction around 3,295.
Strategy suggestion: Monitor for a bullish reversal signal at support; avoid chasing trades in the middle of the range.
Indicators
EUR/USD Bullish Breakout Trade Setup – Targeting 1.18089Entry Point: 1.13860
Stop Loss Zone: 1.13642 to 1.12578
Resistance Point: 1.14320
Target (TP) Point: 1.18089
🔍 Observations
Support Zone: Marked in purple near the entry and stop-loss area, suggesting a strong demand zone.
Resistance Zone: Around 1.14320, indicating a potential breakout level.
Trend: Short-term uptrend after a consolidation range.
Risk/Reward Ratio: Quite favorable, targeting a move of approximately 470+ pips (4.20% gain) from entry to target.
📊 Technical Indicators
Moving Averages:
Red (likely 20 EMA): Price recently crossed above, showing bullish momentum.
Blue (likely 50 or 200 EMA): Serving as dynamic support.
Price Action: Formation suggests a potential breakout from resistance toward the 1.18 target.
🧠 Conclusion
This is a long (buy) setup expecting a bullish breakout:
Buy entry above the support zone.
Stop-loss placed below major support (1.12578).
Target set significantly higher, aligning with prior structure or resistance at 1.18089
USD/JPY Bullish Breakout Setup: Key Resistance at 144.939 and TaEntry Point: ~144.037
Stop Loss: ~144.939 (above the recent resistance zone)
Resistance Zone: Between 144.037 and 144.939 (highlighted by purple area)
First Target Point (EA Target Point): ~139.731 (Bearish target if reversal happens)
Second Target Point (Bullish EA Target Point): ~148.737
Current Price:
As of the chart, price is around 143.743, slightly below the entry point.
Possible Scenarios:
Bullish Breakout:
If price breaks and closes above 144.939, expect strong bullish momentum toward 148.737.
Confirmation: Look for strong bullish candles with volume above the resistance zone.
Bearish Rejection:
If price fails to break 144.939 and shows bearish reversal patterns (e.g., bearish engulfing), a pullback toward 144.037 or even down to 139.731 is likely.
Additional Notes:
The orange circles highlight key points where price respected trendlines and support zones — showing strong buyer interest.
A rising trendline (drawn underneath recent lows) supports the ongoing bullish structure.
Risk-Reward seems well balanced: small risk (~90 pips) for a potential reward (~400+ pips).
Summary:
Bias: Cautiously bullish, but watch carefully around the 144.939 resistance.
Action: Wait for a clean breakout or a rejection pattern before deciding.
BRIEFING Week #17 : AAPL's fate is the SP'sHere's your weekly update ! Brought to you each weekend with years of track-record history..
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"XAU/USD at Crucial Support Zone"📈 Chart Overview
Instrument: Likely XAU/USD (Gold vs USD)
Date: April 22, 2025
Timeframe: Appears to be a short-term chart (possibly 1H or 4H)
🧠 Key Technical Elements
1. Exponential Moving Averages (EMAs)
50 EMA (Red): Currently at 3,406.818 — acting as short-term dynamic support/resistance.
200 EMA (Blue): Currently at 3,277.286 — indicating long-term trend direction.
The price is well above the 200 EMA, indicating a bullish long-term trend. However, it’s now testing the 50 EMA, suggesting a potential short-term inflection point.
2. Support and Resistance Zones
Immediate Resistance Zone: Around 3,430 – 3,440, which price recently rejected.
Key Support Zone: Around 3,385 – 3,390 (labeled “FOCUS ON THIS POINT”), which aligns closely with the 50 EMA.
Lower Support Zones:
3,310 – 3,320
3,240 – 3,260
🔍 Technical Scenarios Outlined on Chart
✅ Bullish Scenario (Upper Arrow Path)
If the price holds above the 3,385 support zone, especially with support from the 50 EMA:
We may see a bounce back to test and potentially break above the 3,430 resistance.
This would confirm a continuation of the uptrend.
⚠️ Bearish Scenario (Lower Arrow Path)
If the price fails to hold above 3,385:
A breakdown may lead to a drop toward 3,320, with possible continuation toward 3,240.
This would indicate a short-term bearish correction within a longer bullish trend.
🔑 Critical Price Level
Focus on the 3,385 zone — This is a confluence area where:
Horizontal support meets
50 EMA is located
A potential decision point for bulls vs. bears
🧭 Trading Strategy Considerations
For Bulls:
Look for bullish candlestick formations or volume confirmation near the 3,385 level.
Target a retest of the 3,430+ area with stops below 3,375.
For Bears:
Watch for strong bearish breakdown below 3,385.
First target: 3,320, second: 3,240, with stop-loss above 3,400.
📌 Conclusion
The chart illustrates a key inflection point. Price is at a decision zone — hold and bounce = continuation of bullish momentum, break = short-term correction. All eyes on how price reacts at the 50 EMA and support zone near 3,385.
BTC Approaches Breakout Zone in Ascending Triangle – Key Resist,📈 Chart Overview
Instrument: BTC/USD
Timeframe: Likely 4H or Daily
Indicators Used:
EMA 50 (Red) – 84,924.30
EMA 200 (Blue) – 85,558.47
🔍 Key Technical Observations
1. Ascending Triangle Formation
The chart shows a clear ascending triangle, a bullish continuation pattern.
Flat resistance zone: Around $88,700–$89,000.
Higher lows forming a solid upward sloping trendline, suggesting increasing buying pressure.
2. Price Above Key EMAs
Current price: $88,779.43, which is above both the 50 EMA and 200 EMA.
This indicates bullish momentum as price breaks above dynamic resistance levels.
3. Volume Consideration (Missing)
While volume is not visible on the chart, an ideal breakout from an ascending triangle should be accompanied by increasing volume to confirm validity.
🔄 Possible Scenarios
✅ Bullish Breakout
A confirmed breakout above $89,000 with strong volume can lead to a measured move toward:
Target = Triangle height ≈ $13,000 → Potential target: $101,500 – $102,000
Next resistance levels to watch: $92,000, $95,000, and $100,000 psychological zone.
❌ Fakeout or Rejection
If BTC gets rejected at resistance, watch for:
Retest of support trendline (~$86,000).
EMA 50 and 200 as dynamic support around $84,900–$85,500.
Breakdown below the trendline may signal a short-term correction to $80,000–$82,500.
📊 Conclusion
BTC is at a crucial decision point. The ascending triangle suggests bullish potential, but a breakout confirmation is essential. Price is above both major EMAs, signaling strength, but a rejection from resistance could invite short-term bears.
Bearish Reversal in Play! | Key EMA Rejection & Support Targets🔍 Chart Analysis Summary
🕐 Timeframe: Likely a short-term (H1 or H4) chart.
📈 Asset: Most probably XAU/USD (Gold) or a similar asset.
🔴 Trend Breakdown
📍 Previous Trend:
✅ Strong bullish momentum 📈 pushing price into a resistance zone.
📍 Current Price Action:
🚨 Bearish rejection from resistance 🟥
Price got rejected exactly at the resistance zone (gray box) and the EMA 50 line 🔴 — a classic setup for a reversal ⚠️
📉 Key Technical Levels
🟦 Resistance Zone:
🔹 Between 3,385 – 3,400 USD
🧱 This zone rejected price strongly (see red candles)
📌 Also aligned with EMA 50 (3,400.837) — confluence adds strength 💪
🟩 Support Zones:
First Support Zone – ~3,285 📉
💙 In line with the EMA 200 (3,285.687)
🛡️ Might cause a temporary bounce 📈
Second Support Zone – ~3,240
📉 Marked as the deeper support in the bear case 🕳️
💥 If the first support breaks, this becomes the next target 🎯
📊 Indicator Insights
EMA 50 (🔴 Red): 3,400.837 – acting as dynamic resistance 😤
EMA 200 (🔵 Blue): 3,285.687 – acting as dynamic support 🛡️
📉 Price breaking below EMA 50 = first bearish sign
📉 Approaching EMA 200 = watch for either a bounce 🏀 or a breakdown 💥
🎯 Bearish Setup Forecast
📉 Here's what the arrows show (strategy logic):
📉 Breakdown below resistance → strong bearish move
🎯 Target 1: First support (EMA 200 / ~3,285)
🔄 Minor pullback possible (fake bounce 🪃)
💣 Continuation lower toward next support (~3,240)
📌 Critical Zone to Watch 🔍
⚫️ The circle marked “FOCUS ON THIS POINT” is key:
📌 Failed retest = confirmation of resistance
📌 Price rejected this level + closed below = strong bearish signal 🚨
🧠 Professional Insights
Element Observation Emoji
Trend Shift Bullish ➡️ Bearish reversal 🔄📉
Momentum Bearish pressure increasing 💨🟥
Risk Point Resistance near EMA 50 ⚠️🧱
Trade Idea Short toward supports 📉🎯
Confirmation Rejection candle after retest 🕯️🔁
Focus Level EMA confluence near resistance 🎯📌
🛠️ Possible Trade Plan (for educational purposes only)
Short Entry: Below 3,385 (after rejection 🔻)
Stop-Loss: Above 3,405 (above EMA 50 🛑)
Target 1: 3,285 🧲
Target 2: 3,240 📉
EUR/USD Bearish Setup Unfolding Below Key Resistance📊 Technical Analysis of EUR/USD (4H Chart)
🧭 Chart Overview:
Current Price: ~1.1350
Indicators Used:
EMA 50 (Red): ~1.1311 — acting as dynamic support.
EMA 200 (Blue): ~1.1114 — aligns closely with major support zone.
📌 Key Levels:
🔼 Main Resistance Zone: 1.1375 – 1.1400
Price has tested this zone multiple times, forming a potential double top pattern.
Strong bearish pressure observed each time price enters this area.
🔁 Minor Resistance (Retest Zone): ~1.1325 – 1.1345
Currently acting as a decision zone.
If price fails to hold above this level, it could turn into resistance on the next bearish leg.
🔽 Support Zone: 1.1100 – 1.1130
Converges with EMA 200 — making it a high-probability demand zone.
Potential target for the anticipated drop.
🧠 Price Action & Structure:
Market showed a strong bullish rally previously, breaking through resistance levels.
Now showing signs of exhaustion at the top.
Bearish scenario projected with a lower high forming below the main resistance, followed by a sell-off toward the support zone.
⚙️ Possible Scenarios:
Bearish Scenario (High Probability):
Price rejects the minor resistance → breaks below EMA 50 → continues lower to support.
Target: 1.1110 area.
Bullish Scenario (Low Probability):
Price reclaims and closes above 1.1375 with strong momentum.
Potential breakout and continuation toward 1.1450+.
🧩 Confluences Supporting Bearish Bias:
Lower high formation potential.
EMA 50 starting to flatten.
Failure to maintain momentum above main resistance.
Clean drop path toward 1.1110 if support breaks.
📉 Conclusion:
This setup favors short-term bearish movement, particularly if the price rejects around the 1.1345 level again. A breakdown below the minor resistance zone would likely trigger a sell-off toward the 1.1110 support, in line with the 200 EMA.
XAU/USD Target Achieved – $3,500 Successfully Hit 🔥 XAU/USD Target Smashed – $3,500 HIT! 🎯💰
Gold has officially reached $3,500, perfectly hitting our projected buy target!
This move confirms the strength of the bullish momentum and technical breakout setup.
🔹 Entry: Above $3,430
🔹 Final Target: ✅ $3,500 – Hit
🔹 Result: High-conviction setup delivered with precision
🔹 Trend: Remains bullish, but profit-taking expected at round number resistance
👏 Massive congrats to all who followed the plan — another clean win on XAU/USD!
BTC/USD Eyes $109K After Bullish Breakout!!🧠 Chart Type and Indicators:
Chart Type: Candlestick
Indicators Used:
EMA 50 (red line): 85,335.18
EMA 200 (blue line): 85,657.29
🔍 Technical Pattern Analysis:
Pattern Identified: Ascending Triangle
The price has formed higher lows (ascending trendline support) while repeatedly testing a horizontal resistance zone (~$88,000), forming an ascending triangle.
This is typically a bullish continuation pattern when it occurs after an uptrend, though in this context, it's forming after a consolidation, giving more significance to the breakout.
🚀 Breakout Confirmation:
The price has broken above the horizontal resistance and is currently trading at $92,766.51.
Volume is not visible but should be increasing during a valid breakout.
Both EMAs have been decisively breached to the upside, signaling momentum shift in favor of bulls.
🧩 Key Levels:
Support Zone (Post-Breakout Retest): ~$88,000
Previously a resistance zone, now likely to act as support.
Immediate Resistance: ~$96,000
Historical resistance zone shown on the chart with a horizontal black line.
Extended Target (measured move): ~$109,420
Based on the height of the triangle projected from the breakout point.
📈 Price Action Forecast:
Two possible scenarios (depicted with arrows on the chart):
Bullish Continuation:
A retest of the $88,000 zone followed by continuation to $96,000, then $109,420.
Short-Term Pullback:
Price may dip to retest the breakout zone (~$88,000), consolidate, then rally higher.
✅ Bullish Signals Summary:
Breakout from a bullish ascending triangle.
EMAs crossed and price holding above them.
Clear higher highs and higher lows formation.
Momentum suggesting further upside.
🧨 Risks to Watch:
False Breakout Risk: If the price fails to hold above $88,000 and falls back into the triangle range.
Macro Factors: Bitcoin remains sensitive to macroeconomic news and regulations that could disrupt technical setups.
USD/CHF Bearish Tri Breakout - 5 Signs of a Strong Bearish BreakOANDA:USDCHF Bears have started the week off hot with Price having dropped 1.16% at the time of publication since Market Open. This price decline has seen a Breakout and fresh low after price has been caught in a Bearish Triangle Pattern, formed by Lower Highs into a Support Level.
1) Price has been trading well Below the 200 EMA.
2) After Price makes contact of the 34 EMA Band while attempting a Breakout of the Falling Resistance of the Triangle, it is sent back down into pattern.
3) After the rejection at the Falling Resistance, we see an influx of Volume enter the Markets, ultimately leaning Bearish.
4) All the Price Action while in Pattern has happened while the RSI has been Below 50, adding Bearish Pressure.
5) Price has made a strong Bearish Candle Break so far of the Support Level of the Triangle and the currently Low of Price @ .80684 has given us a new Lower Low, breaking the Support Level Low @ .80983, suggesting Bears have taken the Support Level and will turn it Resistance.
** With all Indications combined, I believe we are looking at a True Bearish Breakout of the Triangle and will be looking for a Break & Retest Set-Up!
--> Once Price Confirms the Break and Closes, We should expect a Retest of the Break of Support between ( .80983 - .81141 ) to deliver potential Short Opportunities!
Now, Fundamentals:
Price Action lately has heavily been influenced by a couple factors:
- Federal Reserves current dilemma with deciding to not cut Interest Rates in the assumption that the Tariffs will Rise Inflation while the CPI y/y on April 10th printed a -.4% drop from 2.8% to 2.4% which could create complications later if Interest Rates are not cut soon enough.
(If Global Trade slows, that alone will Inflate prices, Tariffs (once applied) will affect as well)
- ECB has made the decision to cut Interest Rates 25 bps from 2.65% to 2.4%. This alone in-time will start the act of slowing the economy so the euro doesn't inflate too much and, in theory, will make the Euro seem less attractive for foreign investment.
This could leave investors to lean towards one of the worlds most "Safe-haven" currencies, the Swiss Franc with the Franc currently hitting a 10-Year High!
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GOOG Alphabet Options Ahead of EarningsIf you haven`t bought GOOG before the previous rally:
Now analyzing the options chain and the chart patterns of GOOG Alphabet prior to the earnings report this week,
I would consider purchasing the 170usd strike price Calls with
an expiration date of 2025-7-18,
for a premium of approximately $4.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AAL American Airlines Group Options Ahead of EarningsIf you haven`t bought the dip on AAL:
Now analyzing the options chain and the chart patterns of AAL American Airlinesprior to the earnings report this week,
I would consider purchasing the 9usd strike price Puts with
an expiration date of 2025-5-2,
for a premium of approximately $0.44.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MRK Merck Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MRK Merck prior to the earnings report this week,
I would consider purchasing the 80usd strike price Calls with
an expiration date of 2026-1-16,
for a premium of approximately $8.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TSLA Tesla Options Ahead of EarningsIf you haven`t bought TSLA before the recent rally:
Now analyzing the options chain and the chart patterns of LMT Lockheed Martin Corporation prior to the earnings report this week,
I would consider purchasing the 230usd strike price Puts with
an expiration date of 2025-4-25,
for a premium of approximately $10.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MBLY Mobileye Global Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MBLY Mobileye Global prior to the earnings report this week,
I would consider purchasing the 14usd strike price Calls with
an expiration date of 2026-1-16,
for a premium of approximately $2.12.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CHTR Charter Communications Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CHTR Charter Communications prior to the earnings report this week,
I would consider purchasing the 360usd strike price Calls with
an expiration date of 2025-9-19,
for a premium of approximately $22.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
(XAU/USD) Bullish Setup: Demand Zone Bounce with 5.89% Trgt Ptnl🔵 Current Price: $3,451.03
🟡 EMA (9): $3,457.20
🔻 Price is just below EMA — short-term pressure.
Zones & Key Levels:
🟦 Demand Zone:
🔽 Price bounced here before — strong buyer interest!
📍 Zone Range:
* Top: $3,442.38
* Bottom (Stop Loss): $3,395.87
* 🔴 Stop Loss set here to limit risk.
🟨 Entry Point:
* Entry suggested at $3,457.20
* Just above the current price and EMA — needs confirmation
* ⚠️ Wait for bullish candle or price action signal above EMA
🟩 Target Point:
🎯 Target: $3,645
* 📈 Potential gain: +202.78 pts (5.89% upside)
* 🚀 Aiming to break previous ATH (All-Time High)
Visual Trade Plan Summary:
* ✅ Buy Entry: $3,457.20
* ❌ Stop Loss: $3,395.87
* 🎯 Target: $3,645.00
* ⚖️ Risk-to-Reward: Solid, over 3:1
Sentiment:
* If price respects demand zone and reclaims EMA — bullish setup
* 🕵️♂️ Watch for volume or confirmation candle near entry
US30 Approaching Key Resistance–Potential Reversal Setup in Play🧠 Chart Overview
Asset: US30 (likely the Dow Jones Industrial Average)
Timeframe: Appears to be 1H or 2H
Indicators:
EMA 50 (Red): 40,119.5
EMA 200 (Blue): 39,897.3
Price at time of chart: Around 40,503
🔍 Key Technical Levels
🔴 Resistance Zone
Range: ~40,750 to 40,850
Price has tested this level multiple times and is currently hovering near it.
The resistance is holding, and no strong breakout has occurred.
🟦 Support / Focus Zone
Range: ~39,200 to 39,600
Marked as the “FOCUS POINT” – likely the expected target on a breakdown.
EMAs Insight:
Price is above both the 50 EMA and 200 EMA, suggesting short-term bullishness.
However, since it’s stalling at resistance, it could flip bearish on rejection.
🧭 Price Action Narrative
The chart suggests a potential fakeout above resistance, followed by a sharp rejection.
The path drawn shows a short-term dip, targeting the FOCUS POINT (support zone).
Rejection at resistance aligns with typical distribution behavior.
📌 Trade Idea (Bearish Bias)
Entry Idea: Short near or just above the resistance level (~40,800)
Target: 39,400 zone
Stop-Loss: Above the resistance level (~40,900+)
Risk/Reward: Favorable if price fails to break above resistance convincingly
📉 Bias: Bearish Reversal
Unless price breaks and closes above resistance with strong momentum, the chart favors a pullback scenario.
Gold (XAU/USD) Bullish Continuation Setup – Key Support Levels 📊 Chart Context & Setup
Chart Type: Candlestick
Indicators Used:
50 EMA (red): Currently at 3,199.009
200 EMA (blue): Currently at 3,123.168
Support Zone: Around 3,157.786 – 3,123.168
Current Price: Approximately 3,211.90
Focus Point (Target Zone): 3,283.810
🧠 Technical Analysis
🔹 Trend Analysis
Overall Trend: Bullish
Price is trading above both the 50 EMA and 200 EMA.
The EMAs are sloping upward, indicating strong momentum.
Golden Cross previously occurred (50 EMA crossing above 200 EMA).
🔹 Key Support & Resistance
Immediate Resistance Zone: Around 3,240
This area is acting as a potential rejection zone, with minor consolidation.
Support Zone (Highlighted): 3,157 – 3,123
This zone was previously a breakout level and now serves as a retest support.
It coincides with the 200 EMA, adding to its strength.
🔁 Scenarios Presented
Scenario A – Bullish Rejection from Immediate Support (3,199)
Price could hold above or near the 50 EMA.
Break and retest of minor resistance could lead to a push toward 3,283.81 (target).
This is a higher-risk entry as the support is not deeply tested yet.
Scenario B – Deeper Pullback to Major Support (3,157 – 3,123)
A drop below current price into the main demand zone.
Bullish engulfing or strong reaction in this zone would offer a high-probability long setup.
Ideal entry point for swing traders, especially if confirmed by volume or bullish candlestick reversal.
🎯 Trade Strategy Suggestion
✅ Long Setup
Entry Option 1: On bullish rejection above 3,199 with confirmation.
Entry Option 2 (Preferred): At strong support zone 3,157 – 3,123 with bullish reversal signal.
Target: 3,283.81
Stop Loss:
For Entry 1: Below 3,157
For Entry 2: Below 3,100 or 200 EMA, depending on aggressiveness
📌 Conclusion
This chart illustrates a classic bullish continuation setup with two potential entry scenarios:
A minor pullback and bounce from the 50 EMA.
A deeper retracement into a strong support zone aligned with the 200 EMA.
The uptrend remains intact as long as the price holds above the 200 EMA and the major demand zone. A break below 3,100 would invalidate the bullish outlook short-term
LMT Lockheed Martin Corporation Options Ahead of EarningsIf you haven`t bought LMT before the recent rally:
Now analyzing the options chain and the chart patterns of LMT Lockheed Martin Corporation prior to the earnings report this week,
I would consider purchasing the 490usd strike price Calls with
an expiration date of 2025-9-19,
for a premium of approximately $18.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BRIEFING Week #16 : ObservationHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
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Bitcoin Bearish Reversal Setup: Rising Wedge Breakdown Targeting1. Entry Point:
Marked around $86,853, this is where a potential short (sell) trade might have been initiated.
2. Stop Loss:
Placed above $88,783, protecting the trade in case the market goes against the position.
3. Target Point (Take Profit):
Aiming down toward $74,443.76, suggesting a large bearish move is anticipated.
4. EMA Indicators:
30 EMA (Red Line) at ~$84,271: Indicates short-term trend.
200 EMA (Blue Line) at ~$83,496: Indicates long-term trend.
Price is currently trading above the 200 EMA but slightly below the 30 EMA, showing mixed short-term momentum.