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Sober_Trading Updated 

On the 15-minute chart, XAUUSD is breaking below crucial support trendlines, suggesting an increased bearish momentum. The weakening support, indicated by the failure to sustain above these trendlines, points to a potential decline towards lower support levels. Traders should be cautious as the breakdown may accelerate selling pressure, leading to further downward...

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In the 4-hour timeframe, Ethereum's recent upward movement was a classic pullback after failing to hold its previous support level. This pullback reached the resistance zone around $3,600, which acted as a significant barrier. Now, ETH is showing signs of weakening and is likely to continue its downward trajectory. Expect Ethereum to target the next support...

Sober_Trading Updated 

After three notable bearish pushes, we're at a critical support zone. This pattern suggests a potential bounce back. Keep a close watch for a rise as Bitcoin consolidates at this level. Are we set for a rebound? Let’s see how it unfolds!

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The WTI Oil chart shows a compelling setup for a short position. The price has rallied into a significant resistance zone around $79, coinciding with a strong downward trend line that has been respected multiple times. This area acts as a confluence of resistance, providing a high-probability entry for selling. Given the persistent bearish trend, this resistance...

Sober_Trading Updated 

In this 1-hour chart of DowJones (US30), we observe a significant bearish pattern forming after the price action. The market hunted the highs of both the Asia and Euro sessions during the NY session, which typically signals a liquidity grab. This maneuver often leads to a swift reversal, as is evident by the price dropping back down after touching the resistance...

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EURUSD on the 15m chart is presenting a promising buy scalp opportunity. The pair is currently resting on a solid support zone, suggesting potential for a bullish move. Keep an eye on this for a quick trade!

Sober_Trading Updated 

On the BTC/USD 1-hour chart, Bitcoin faces resistance around $70,200 and may pull back to hunt stops below the recent low of $68,300. This suggests a potential short-term decline before any further upward movement.

Sober_Trading Updated 

The EURUSD chart indicates a potential bearish movement. The recent price action suggests that the pair is experiencing a weakening of the bullish momentum. After reaching a recent peak, the price is showing signs of a downward trend, indicating a possible decline towards the highlighted support zone around 1.08400. The price action around this level is crucial;...

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The current XAUUSD chart shows that gold is approaching the final stages of its trading range cycle, indicating a potential bearish breakout. The chart reveals a series of lower highs and consistent tests of the support zone, suggesting weakening buying pressure. The resistance zone, highlighted in red, has successfully rejected price advances multiple times. We...

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Silver was in a bullish trend, and this descending channel can act as a bullish flag. The bottom of it can be good support for silver. As you can see on the chart, XAGUSD had a perfect reaction to that zone, indicating it can rise more.

Sober_Trading Updated 

Bitcoin is rising within this ascending channel. Do you think it can reach the top of the channel? This could mean a new ATH around $75K! 🚀

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As you can see, XAUUSD responded perfectly to the trading range zones and is moving smoothly within the channel. The price of gold couldn't consolidate under the support zone and experienced a fake breakout, leading to a rise. Consequently, it has now moved upwards and has the potential to continue rising further. Keep an eye on the resistance zone for any...

Sober_Trading Updated 

XAUUSD has completed its third bullish leg, driven by the recent news of Iran's president's death. Now, it looks poised to enter a pullback phase. Scalpers can consider taking advantage of sell opportunities during this correction. However, it's important to remember that selling in a strong bullish trend carries inherent risks. Always use proper risk management...

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XAUUSD has broken the downtrend line and successfully crossed it, followed by a perfect pullback. This suggests potential bullish momentum. Now, the price is poised to rise towards the resistance zone around $2365. For a sustained upward movement, we need to analyze the price response at the resistance zone. If it breaks above this resistance convincingly, it...

Sober_Trading Updated 

These are important zones and trendlines on the BTC chart. Bitcoin is currently within an ascending channel and is moving towards the bottom of this channel. The Liquidation Heatmap chart highlights a significant liquidity zone just below the $65910 level. BTC is likely to target this liquidity, potentially driving the price downward to capture this value. This...

Sober_Trading Updated 

The WTI Oil 4H chart displays a classic bullish reversal pattern, often referred to as the "three pushes" or "three drives" pattern. This pattern is characterized by three distinct attempts by the market to push lower, each attempt being met with increasing buying interest. The current setup shows that after three downward pushes, the price has started to rebound,...

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The recent price action in the Dow Jones (US30) shows a potential buying opportunity after a significant drop. To manage risk effectively, it's essential to make this buy position risk-free by moving the stop-loss to breakeven or into profit. This approach ensures that even if the market reverses, you will not incur a loss on this trade. With the current setup,...

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The CKBUSDT 4-hour chart indicates a significant breakout above a long-term descending trendline, suggesting a potential bullish reversal. The price action has successfully breached this resistance, signaling a shift in market sentiment from bearish to bullish. This breakout is accompanied by increased volume, which adds credibility to the upward...