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Parallel Channel

TOTAL [Crypto Total Market Cap] EWP FIB TC ANALYSIS WEEKLY TFCrypto Total Market Cap (Weekly) – Structural Pullback Within a Primary Uptrend The weekly structure of the total crypto market cap continues to support a larger bullish framework, even though price is currently undergoing a corrective phase. After completing a strong impulsive advance that pushed price into the upper region of the long-term rising channel, the market printed what appears to be a wave (5) / terminal structure, followed by rejection near the upper channel boundary. Since then, price action has shifted into a corrective retracement, characterised by overlapping candles and declining momentum — typical behaviour after an extended impulse. Importantly, this pullback remains technically constructive: • Price is holding above the former breakout zone and the median of the rising channel • The current decline aligns with Fibonacci retracement support (0.382–0.5 zone) of the prior advance • No decisive weekly close below structural support has occurred • Momentum (RSI) is cooling off from overbought conditions rather than breaking down aggressively From an Elliott Wave perspective, this correction can be interpreted as a wave (4) / higher-degree consolidation, allowing the market to reset before attempting continuation. As long as price remains within the channel and above key fib supports, the broader bullish bias remains intact. If this support region holds, the market could resume its primary trend and eventually challenge the upper channel again, with expansion targets projected higher over the coming quarters. A loss of the highlighted support zone, however, would suggest a deeper corrective phase and require reassessment of the larger structure. Bottom line: This looks less like distribution and more like a necessary structural pause within a long-term uptrend. Patience and confirmation are key — continuation is favoured while support holds. Like and follow for more charts like this.
CRYPTOCAP:TOTALShort
by Anakyn
FET/USD [FETCH.AI] EWP FIB TC ANALYSIS WEEKLY TFElliott Wave Overview (FET / USD): After the initial decline following the 2019 IEO, FET established a long-term base and advanced in a five-wave impulsive structure from the March 2020 low into the September 2021 high, marking Primary Wave 1 / A. Since that peak, price action is best interpreted as Primary Wave 2 / B, unfolding as an expanded flat correction. Within Intermediate Wave C of Primary Wave 2 / B, the market is currently trading in Minor Wave 5, likely subwave 5 of 5, which typically represents the final phase of downside momentum. Completion of this structure is expected near the $0.08 area, where Primary Wave 2 / B should terminate. From there, a trend reversal is anticipated, opening the door for a strong impulsive advance toward the $15 region as the next major bullish phase begins. A decisive break below the GZ - golden zone - would invalidate this scenario and imply a deeper decline toward $0.01 and below. Like and follow for more charts like this.
BINANCE:FETUSDLong
by Anakyn
1
Gold 15M upcoming ideaSince Gold has hit below the 4900 area and is currently in a descending channel after coming from the upside, it can be safely analysed on the lower timeframes as hitting forming a double bottom/W formation which always goes to the upside the has a pullback to the neckline of the W before rocketing. Based on the length of the drop before the descending channel begun, we measure it fulfilling the same length in the potential climb zone which is at 5438 which can be identified as the ceiling/ SR flip zone in this setup
TVC:GOLDLong
by Youshman
1
GOLD - Correction or trend reversal? Interest in 5000...FX:XAUUSD is correcting, heading towards the $5000 liquidity and interest zone after record growth and the formation of an ATH of 5597. The reason is the temporary strengthening of the dollar against the backdrop of the US budget deal and profit-taking. Key pressure factors The dollar strengthened on optimism over the Senate deal to fund the US government. Trump's statements: he ruled out military intervention in Iran (reducing geopolitical hedging), but maintained threats of tariffs against Canada and Cuba. However, risks of the Fed losing its independence (possible replacement of Powell), prospects for rate cuts. Geopolitical tensions (Trump's threats on tariffs, the situation with Iran) support demand for safe havens. The correction in gold looks natural after its parabolic rise. Long-term drivers (geopolitics, pressure on the Fed) remain, so the decline may attract buyers. Further dynamics depend on the tone of the new Fed chair and inflation data. Resistance levels: 5110, 5186, 5238 Support levels: 5046, 4988, 4901 Despite the breakdown of the local trend, a correction is forming within acceptable limits on a global scale. The zone of interest is 4988-5000, which gold may test before rebounding to 5110-5200. Gold may close in consolidation at 5000-5250 after a strong liquidation. It is important to monitor the market's reaction to key levels! Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
15
GOLD [XAU / USD] CENTURY CHART EWP TC FIB ANALYSIS MONTHLY TFThe Journey of Gold: 1833 – 2026 • 1833: Gold fixed at $20 per ounce. Under the gold standard, gold was essentially money. Prices were stable and dictated by law, not the market. • 1934: Gold officially revalued to $35 per ounce by the United States. This was a political and monetary decision, not a market move. Gold remained fixed at this level for decades. • January 1st, 1968: The official end of the gold standard. Due to massive spending and rising debt from the Vietnam War, the U.S. could no longer defend a fixed gold price. Gold became freely tradable, and its market journey truly began. The W–X–Y Corrective Structure (1968–2026) With gold now free to move, the long-term Elliott Wave structure unfolds as a corrective W–X–Y pattern: Wave W (1968–1980): ABC up Gold rose from $35 to ~$850, forming a clear ABC structure. • A: initial breakout after the gold standard ended • B: mid-cycle consolidation • C: final blow-off to the 1980 high Wave X (1980–1999): ABC sideways A long, shallow correction followed, moving mostly sideways in price but spanning nearly two decades in time. This X wave connected the first advance (W) to the next advance (Y). Wave Y (1999–2026): ABC up Another corrective ABC advance. Internal swings overlap, and momentum diverges at highs, confirming corrective (non-impulsive) behaviour. Gold rises to new highs as the market continues to adjust to decades of fiat currency expansion and global monetary dynamics. Key Takeaways • From 1968 onward, gold is fully free to trade and its Elliott Wave journey begins. • The W–X–Y pattern demonstrates corrective behavior, not impulsive trending. • Each major rise (W and Y) subdivides as ABC, while the X wave serves as a connector. • Gold’s multi-decade movement reflects market repricing against fiat currency, not classic bull market impulses. Like and follow for more charts like this.
TVC:GOLD
by Anakyn
2
BTCUSDT Long: Recovery From Demand Zone - $89,800 in FocusHello traders! Here’s a clear technical breakdown of BTCUSDT (3H) based on the current chart structure. Bitcoin is trading within a broader corrective-to-recovery phase following a strong bullish impulse that previously developed inside a well-defined ascending channel. Within that channel, price consistently printed higher highs and higher lows, confirming buyer dominance and healthy trend conditions. The rally ultimately reached a key pivot point near the upper boundary of the ascending channel, where bullish momentum began to weaken. From this pivot high, BTC transitioned into a consolidation range, signaling temporary balance and distribution rather than immediate continuation. Currently, BTC is recovering from the demand zone and moving higher along a rising demand line, while approaching the former supply level near 89,800. Price action suggests a corrective recovery rather than a full trend reversal, with buyers attempting to reclaim key structure. The area around 89,800 now acts as a critical decision zone, where market acceptance or rejection will likely define the next directional move. My scenario: as long as BTCUSDT holds above the 87,200 Demand Zone and continues to respect the rising demand line, I expect a continuation of the recovery toward the 89,800 Supply Level (TP1). A clean breakout and acceptance above this resistance would strengthen the bullish recovery scenario and open the door for a move back toward higher resistance levels. However, a strong rejection from supply followed by a breakdown below demand would invalidate the recovery and suggest continuation of the broader corrective move. For now, price action shows buyers regaining short-term control, but confirmation at resistance is key. Manage your risk!
Long
by heniitrading
14
XAUUSD: at Key Resistance - Pullback Scenario in Focus To $5,400Hello everyone, here is my breakdown of the current XAUUSD setup. Market Analysis XAUUSD is trading within a broader bullish structure that previously developed inside a well-defined upward channel. After a prolonged consolidation phase marked by a clear range, price broke to the upside, confirming buyer control and initiating a strong impulsive rally. This breakout from the range acted as a key structural shift, pushing gold into an accelerated bullish phase supported by higher highs and higher lows within the ascending channel. As price continued higher, XAUUSD approached a major higher-timeframe Resistance Zone around the 5,580–5,600 area. This zone has historically acted as a strong supply region, and current price action suggests that bullish momentum is starting to weaken near this level. The market is now showing signs of overextension after a near-vertical move, increasing the probability of a corrective pullback. Importantly, price is currently trading at the upper boundary of the ascending channel, where buyers often begin to take profits and sellers look for short-term opportunities. Currently, a clearly defined Support Zone around the 5,380–5,420 area aligns with the prior breakout level and the upper boundary of the former consolidation. This zone represents a key area of interest, as it previously acted as resistance before being broken and now serves as potential support. The structure suggests that a pullback into this zone would be a healthy correction rather than a trend reversal. My Scenario & Strategy My primary scenario is a short-term corrective pullback from the Resistance Zone toward the Support Zone. As long as price remains capped below the 5,600 resistance and shows rejection from the upper channel boundary, I expect a move lower toward the 5,400 support area (TP1). This short idea is counter-trend and should be treated strictly as a corrective trade within a broader bullish market structure. A clean reaction into the Support Zone could attract fresh buyers and potentially lead to trend continuation afterward. However, if price fails to find support and breaks decisively below the 5,380 level with strong bearish acceptance, a deeper correction toward the lower channel boundary would become more likely. On the other hand, a strong breakout and acceptance above the 5,600 Resistance Zone would invalidate the short scenario and signal bullish continuation. For now, price is at a critical reaction area where a pullback is technically justified. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
FOREXCOM:XAUUSDShort
by Ratner
58
BTCUSDT: Recovery From Support Within a Uptrend Toward $92,300Hello everyone, here is my breakdown of the current BTCUSDT setup. Market Analysis BTCUSDT is trading within a broader bullish market structure, previously supported by a well-defined upward channel. Inside this channel, price consistently printed higher highs and higher lows, confirming strong buyer dominance. During the advance, BTC reached the upper boundary of the channel, where a fake breakout occurred. This failure to hold above the channel top signaled temporary exhaustion and triggered a sharp corrective move to the downside. Following the rejection, price broke below the mid-channel structure and dropped aggressively into a clearly defined Support Zone around 88,500–89,000. This zone acted as a key reaction area, where selling pressure weakened and buyers began to absorb liquidity. The initial breakdown below support resulted in a fake breakout to the downside, after which BTC quickly reclaimed the level, indicating seller trap behavior. Currently, after the fake breakdown, price entered a consolidation range, showing balance and compression rather than continuation selling. This range reflects a corrective phase after the impulsive drop, not a trend reversal. Recently, BTC broke out of this range to the upside and is now respecting a rising triangle support line, which suggests growing buyer strength and improving short-term structure. My Scenario & Strategy My primary scenario is bullish continuation as long as BTCUSDT holds above the 88,500–89,000 Support Zone and respects the ascending triangle support line. The recent breakout from the consolidation range strengthens the probability of a corrective recovery turning into a continuation move. I expect buyers to push price higher toward the 92,300 Resistance Zone (TP1), which represents previous resistance and a key reaction level. A clean breakout and acceptance above this resistance would confirm bullish continuation and open the door for a move back toward the upper boundary of the larger bullish structure. However, if price fails to hold above support and shows strong bearish acceptance below the 88,500 zone, this long scenario would be invalidated and increase the probability of deeper downside continuation. For now, structure favors buyers, and the current move appears to be a healthy recovery after a corrective shakeout. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
12
XRP/USD [RIPPLE] EWP FIB TC ANALYSIS WEEKLY TFXRP – Weekly Elliott Wave Structure Price appears to be completing Wave (4) of a developing macro impulse that began from the 2022 low. The current pullback is holding within the textbook 0.5 (HWB) – 0.618 (GZ) Fibonacci retracement zone — a typical Wave (4) support area. Structure remains corrective and overlapping, consistent with fourth-wave behaviour. As long as this zone holds, the bullish count remains valid, with Wave (5) expected to unfold next. Projected targets align with the 0.236 macro retracement at 4.50, with potential extension toward 6.0 if momentum expands. A decisive breakdown below the highlighted support would invalidate the preferred count and suggest Wave (4) is extending into a deeper correction, with downside risk toward 0.35–0.30. This is a clear make-or-break level — hold above support favours continuation into Wave (5); loss of support opens the door for a larger corrective leg. Like and follow for more charts like this.
KRAKEN:XRPUSDLong
by Anakyn
1
BCH/USD [BITCOIN CASH] EWP FIB TC ANALYSIS WEEKLY TFBCH – Weekly Structure Overview (Update 2) BCH appears to have completed a major W-X-Y multi-zigzag corrective structure to the downside. Price has since transitioned into a motive phase, advancing within the rising green channel and breaking above the former bearish channel, signalling a potential trend reversal. As long as BCH remains within this ascending structure, the path of least resistance points higher. If bullish momentum continues, price could challenge the next key resistance zones near $870 and $1,645, which align with higher-degree Fibonacci projections and prior structural levels. Invalidation occurs on a sustained breakdown below the lower boundary of the green channel. Like and follow for more charts like this.
KRAKEN:BCHUSDLong
by Anakyn
EURUSD - The correction may be over. Bullish trend FX:EURUSD is forming a correction within an uptrend and testing the support of the local uptrend channel and the 1.1900 zone. The weak dollar is providing tremendous support for the euro. The currency pair is testing important support within the uptrend. There is a possibility of the correction ending and growth... The currency pair is in a correction phase, with an emphasis on local downward resistance (triangle boundary). A breakout of the boundary could trigger growth due to the end of the correction. Panic zone - support at 1.1898. (A breakout of this support could break the bullish structure) Resistance levels: 1.1970, 1.2025, 1.2082 Support levels: 1.900, 1.1898 Ahead lies the resistance of the triangle; a breakout of this boundary will confirm the end of the correction, and if the bulls keep the price above 1.197, the market will be able to move into an active growth phase. Before that, a retest of 1.1907 - 1.1920 is possible. Best regards, R. Linda!
Long
by RLinda
7
SOLUSDT - Bears increased pressure after retesting resistance BINANCE:SOLUSDT bounces off trend resistance and updates its local minimum to 122.4. A bearish phase is developing in the market, and a small correction is possible before the fall. The daily timeframe indicates a crypto winter, a downtrend, and weak buying power due to capital outflows and a weak fundamental background. Bitcoin is testing 90K and has once again been rejected by the resistance zone. Liquidation and a fall to the intermediate support zone have formed. Altcoins reacted aggressively to this impulse. Resistance levels: 126.6, 130.5 Support levels: 123.0 SOLANA has two key levels: 123.0, closing below which could trigger a sell-off and a drop to 116.7. And resistance at 126.6, which acts as a zone of interest. It is possible that altcoins may test resistance in search of liquidity. Best regards, R. Linda!
Short
by RLinda
2
COIN [Coinbase] EWP TC FIB ANALYSIS DAILY TFCOIN – Daily Structure Overview After five swings up, completing a motive wave, price formed a double top near 430 and has since entered a corrective phase. The market is now retracing the entire bullish leg from the 2022 low, with downside targeting the golden zone around the 85 area. This region represents a major confluence support and potential termination zone for the correction. As long as price holds above the golden zone, the higher-timeframe bullish structure remains intact. Upon completion of the correction, the next impulsive advance may resume, with the primary bullish target remaining at 795. A sustained break below the 85 zone would invalidate this scenario and suggest a deeper corrective structure. Like and follow for more charts like this.
NASDAQ:COINLong
by Anakyn
7
CRWV - Risk is clearly defined, making this a structured setup!CRWV - CURRENT PRICE : 79.32 CRWV is currently trading within a descending channel, indicating a medium-term corrective move after a prior uptrend. Importantly, price is now basing near the lower boundary of the channel, a zone where buyers previously showed interest. Rather than breaking down aggressively, price action is stabilizing, suggesting selling pressure is starting to fade. 📈 Momentum Is Improving (Key Clue) While price remains subdued, momentum indicators are telling a different story: ~ RSI (14): RSI is recovering from lower levels and moving higher while price is still near the channel bottom. This signals improving momentum and early bullish divergence characteristics. ~ MACD: MACD histogram is contracting, and the lines are starting to curl upward. This typically reflects weakening bearish momentum and the potential for a trend shift. 👉 When momentum improves while price holds support, it often precedes a technical rebound. 📌 This is a technical rebound setup — confirmation comes with continued momentum improvement and price holding support. ENTRY PRICE : 77.00 - 79.32 FIRST TARGET : 96.00 SECOND TARGET : 110.00 SUPPORT : 63.80 (the low of BULLISH HARAMI pattern - 17 and 18 DECEMBER 2025 candle)
NASDAQ:CRWVLong
by IMRAN_96
3
Couple of good candles in last 2 days.We saw 2 good candles in last 2 days indicating bottom formation and the candle today signifies a trend breakout. Now if Nifty can close the week above today's candle it will lay a path for good budget on Sunday to take us forward. Supports for Nifty at this juncture remain at: 25167 (Father line support of Daily chart), 24919 and 24610. Closing below 25167 will be very negative for the market and can signal further down trend to continue. Resistances for Nifty remain at: 25458 (The high that we reached today), 25589 and 25712 (Mother line resistnace). Bulls can breath a sigh of relief only above this level. A good closing above 25712 in the next week will signal a start of another round of Bull rally. We wiat and watch till then. EU deal has tried to create a bottom and a good budget in favour of Industry, in favour of consumption and in favour of increased spending from government will significantly take things towards positive run ahead. A big bonus will be the US deal if GOI can make it happen some how within next one or 2 months can potentially unlock new limits and new levels. 1 good thing has fallen in favour of investors that is EU deal all eyes on budget now. In the meantime good positive closing tomorrow will be very helpful. Friday and Sunday (Markets are open on Sunday) are 2 key days to watch. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We are not a SEBI registered Research analyst. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
GOLD - Correction after the rally. Focus on support!FX:XAUUSD , after hitting a new all-time high of 5597, is entering a correction phase due to profit-taking triggered by local news. Overall, the structure is bullish, and the market will be able to return to growth after the pullback. Fundamental situation Trump's threats against Iran and Tehran's response. The active conflict between Russia and Ukraine generally supports interest in hedge assets. Fed : Rates remain unchanged, investigation against Powell and pressure on the Fed undermine confidence in the regulator's independence. The market still expects two Fed rate cuts in 2026. Near-term indicators: US jobless claims data (today). Any further weakening of the dollar or escalation of geopolitical tensions will resume gold's growth. Gold's correction is a natural pause after a sharp rise. The combination of geopolitical risks, pressure on the Fed, and a weak dollar supports the uptrend. Pullbacks to $5475 - 5391 can be seen as a buying opportunity. Resistance levels: 5515, 5595, 5597 Support levels: 5475, 5453, 5391 After strong growth, the market may form a correction of 50-70% relative to the momentum formed within the trading session. All attention is on the support zones: 5475, 5453, 5391. A long squeeze will provide an opportunity for growth. Sincerely, R. Linda!
FX:XAUUSDLong
by RLinda
15
AUDUSD - When Structure Meets RealityAUDUSD is now retesting a strong technical intersection: the weekly resistance marked in green is lining up perfectly with the upper bound of the weekly rising channel in blue.⚔️ On top of that, price is sitting in an over-bought zone after an extended push higher. As long as this intersection holds, the odds favor a bearish correction, with price rotating lower toward the lower bound of the channel. This wouldn’t be a trend reversal, but a healthy reset within the bigger structure. If this zone gets cleanly broken and accepted above, then the narrative changes. Until then, I’m respecting resistance and letting structure lead the bias. ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
4
EURUSD: Corrective Pullback After Strong Bullish ImpulseHello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD has been trading within a well-defined upward channel, which reflects a strong bullish structure over the higher timeframe. Price has consistently respected the channel boundaries, forming higher highs and higher lows, confirming that buyers remain in control of the broader trend. Each impulsive leg higher has been followed by corrective pullbacks that stayed contained within the channel, signaling healthy trend behavior rather than trend exhaustion. Recently, the market delivered a strong bullish impulse, breaking above the previous consolidation and pushing decisively higher. This impulsive move confirmed bullish momentum and attracted aggressive buying interest. After the breakout, price reached a key resistance zone around 1.1900, where sellers stepped in and caused a fake breakout above resistance. This failure to hold above the highs signals weakening bullish pressure at premium levels. Currently, EURUSD started to correct lower, pulling back from resistance while still remaining inside the overall upward channel. Importantly, this decline currently appears corrective rather than impulsive, suggesting profit-taking and short-term seller activity instead of a full trend reversal. The former resistance area around 1.1800 has flipped into a Support Zone, which is now acting as the first key downside target and decision area. As long as price remains above the lower boundary of the channel, the broader bullish structure stays intact. However, the inability to sustain acceptance above resistance increases the probability of a deeper pullback toward support before the next directional move. My Scenario & Strategy My primary scenario is a short-term bearish correction within the broader bullish trend. As long as EURUSD trades below the resistance zone near 1.1900 and shows rejection from the upper channel boundary, I expect sellers to maintain control in the short term. The first target for this corrective move is the Support Zone around 1.1800, where buyers previously stepped in aggressively. If price reaches this support area and shows bullish reaction or consolidation, a continuation to the upside would remain the preferred higher-timeframe scenario. A clean bounce from support would confirm that the move lower was only a correction within the uptrend. However, if EURUSD breaks below the support zone and shows acceptance beneath it, this would signal a deeper correction toward the lower boundary of the ascending channel. Only a decisive breakdown of the channel structure would invalidate the bullish bias and shift the market into a more bearish environment. For now, the setup favors a controlled pullback after a strong impulse, with short-term downside potential toward support while the overall trend structure remains bullish. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
Short
by Ratner
32
Gold Compressing Near Resistance Ahead of Potential BreakoutHello traders! Here’s my technical outlook on XAUUSD (3H) based on the current chart structure. Gold has been trading in a strong bullish trend, clearly defined by a rising structure that started after a prolonged consolidation phase. Initially, price moved sideways within a well-marked range, signaling market balance and accumulation. This range acted as a base for the next directional move. Once buyers gained control, XAUUSD broke decisively above the range highs, confirming a shift from consolidation to expansion and triggering a strong impulsive rally. Currently, price is approaching the Resistance Level / Seller Zone around the 5,330–5,350 area. Momentum remains bullish, but the market is showing signs of short-term consolidation near the highs, suggesting a pause after the strong impulse. This behavior is typical after vertical moves, as the market digests gains before deciding on continuation or correction. Importantly, price is still holding above the rising support line and above the Buyer Zone, which keeps the bullish bias intact. My scenario: as long as XAUUSD holds above the Buyer Zone around 5,060–5,100 and continues to respect the ascending channel support, I expect a continuation higher toward the Seller Zone near 5,350 (TP1). A brief corrective pullback into support would be a healthy move within the trend and could provide renewed buying interest. A clean breakout and acceptance above the Seller Zone would confirm further upside continuation and open the door for higher targets. However, a strong rejection from the Seller Zone followed by a breakdown below the rising support line and Buyer Zone would signal a deeper corrective phase. For now, the structure, momentum, and price action continue to favor buyers, with the current consolidation appearing as preparation for the next move, not a reversal. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
31
Bitcoin Descending Channel Signals Further Downside To $86,100Hello traders! Here’s my technical outlook on BTCUSD (4H) based on the current chart structure. BTCUSDT initially traded inside a well-defined range, reflecting a prolonged period of balance between buyers and sellers. This consolidation phase ended with a clean upside breakout, signaling a shift in market control toward buyers. After the breakout, price entered a structured ascending channel, confirming a bullish phase with higher highs and higher lows. During this advance, Bitcoin respected the rising support line and showed strong impulsive moves, highlighting sustained buyer strength. As price approached the upper boundary of the ascending channel, multiple fake breakouts appeared near the resistance line, indicating growing exhaustion at the highs. Eventually, BTC failed to maintain acceptance above the channel resistance and experienced a breakdown below the channel, confirming a loss of bullish momentum and a structural shift. Following this breakdown, price moved lower and formed a descending channel, signaling short-term bearish control. Attempts to recover were capped by the descending resistance line, and several breakout attempts above this line were rejected, reinforcing seller dominance. A key Resistance / Seller Zone around 89,000 acted as a strong supply area, where previous support flipped into resistance after the breakdown. Currently, BTCUSDT is trading within the descending channel and moving toward a clearly defined Buyer Zone / Support area around 86,100, which aligns with a broader horizontal support and a rising long-term support line. This confluence strengthens the level and makes it a critical reaction zone. The recent price action suggests continuation to the downside rather than accumulation, with bearish momentum still in control. My scenario: as long as BTCUSDT remains below the 89,000 Resistance / Seller Zone and continues to respect the descending channel structure, the bearish bias remains valid. I expect sellers to push price toward the 86,100 Support / Buyer Zone (TP1). A strong reaction or temporary bounce may occur there, but a clean breakdown and acceptance below this support would open the door for further downside continuation. A confirmed breakout and acceptance back above 89,000 would invalidate the short scenario and suggest a shift toward consolidation or recovery. For now, market structure clearly favors sellers, with downside continuation as the primary scenario. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
34
GOLD - Correction ahead of the Fed meeting. What next?FX:XAUUSD hit a new high of 5311 and entered a correction phase (profit-taking) ahead of the Fed's interest rate meeting... Fundamental situation Tensions between the US and NATO over plans for Greenland. Trump's threats to impose 100% tariffs on goods from Canada. Fruitless negotiations between Russia and Ukraine Fed: Expectations that rates will remain unchanged at the January 31 meeting. Powell's tone and the appointment of a new Fed chair (announcement possible today) could increase volatility. However, the market is pricing in two Fed rate cuts in 2026, despite a possible pause in the near term. US consumer confidence index fell to an 11.5-year low (84.5), supporting demand for gold Resistance levels: 5285, 5310, 5350 Support levels: 5250, 5230, 5190 Gold maintains its upward momentum thanks to geopolitical risks and expectations of a soft Fed policy. However, news volatility could trigger a correction before the growth continues. Focus on key (marked) support levels. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
38