A resistance zone is marked near the top (around the 1.13 - 1.14 range), which was previously a strong price ceiling. A support zone is marked near the bottom, showing a level where price previously bounced back up. 2. Break of Structure (BOS): A BOS label indicates a key price structure has been broken, suggesting a potential shift in market direction — in...
1. Harmonic Pattern (Possibly a Gartley or Bat pattern): The points labeled X, A, B, C, D form a harmonic pattern suggesting a potential reversal zone near point D. This pattern typically signals a buy opportunity at the end of the correction (point D), expecting the price to move upward. 2. Support and Resistance Zones: Resistance Zone (upper shaded box):...
Several "breakout" labels are marked as the price moves upward, indicating bullish continuation patterns. The trend appears to have gone through a reversal phase, starting from a structure labeled “bos” (likely "break of structure"), and moved into an upward trend. 2. Technical Analysis Elements Bos (Break of Structure): These points are marked to indicate...
ETH/USD (Ethereum vs. US Dollar) 4-hour chart, meaning each candle represents 4 hours of trading activity. 2. Key Chart Features Support and Resistance Zones: Resistance: A rectangular box near the $2,600 to $2,800 price zone. This area previously acted as a ceiling where price was rejected. Support: A box near the $1,700–$1,750 region. Price has bounced off...
Resistance Zone: Highlighted at the top (around the 90,000–92,000 range), where price has reversed before. Support Zone: Marked at the bottom (around the 75,000–78,000 level), a strong area where buyers tend to come in. 3. Market Structure BOS (Break of Structure): Two major BOS areas are circled, indicating a shift in market trend: The first on the left shows...
Harmonic Pattern (XABCD): X to A: Initial impulse down. A to B: Retracement. B to C: Another downward move. C to D: Strong bullish leg forming the completion point (D), which signals a potential reversal zone. Entry Zone: Highlighted in red around the 3,240 area, suggesting the analyst expects price rejection or reversal here. Target Zones: Three...