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BTC 4H Chart Review1. Market Structure: Rising Channel (Upward Wedge / Rising Channel) The chart clearly shows that BTC is moving within an ascending channel, with: the upper boundary around USD 95,000–95,500, the lower boundary currently reaching USD 86,500–87,000. This is a potentially exhausting formation, and lower breakouts are often dynamic. 2. Current Situation: Rebound from the upper band and Stoch RSI overbought → decline The price has stopped exactly at the upper resistance of the channel and has begun a correction. This is typical behavior – the market usually returns to the middle or lower edge of the channel. Stoch RSI on 4H – has made a strong reversal from the overbought zone → a signal for a short-term correction has already been generated. 3. Support Levels (most important): 🔴 USD 90,500–90,000 A very important zone – previous resistance ⇒ now support. Breakout = increased risk of a deeper breakout. 🔴 USD 88,500–88,000 A strong demand level for the 4-hour period, also aligned with the MA and local lows. 🔴 USD 86,500–87,000 The lower band of the channel – the most likely place for buyers to become active. 4. Resistance Levels: 🟢 USD 94,800 Previous local high – a breakout will be bullish. 🟢 USD 98,000–98,900 Strong resistance on the chart, likely target after a breakout of the channel to the upside. 5. Scenarios for the coming hours: 📉 Correction scenario (more likely based on the Stoch RSI) The price could fall to one of the following zones: 92,000 → test in progress 90,500–90,000 USD → main market decision level If it loses 90,000 → a move to 88,500–88,000 is natural. Deeper correction: test of the lower channel line – ~86,500 USD. In this scenario, we remain in an uptrend unless the channel breaks below. 📈 Uptrend scenario The current decline could only be: a local correction, a retest of the previous demand zone. Uptrend condition: ➡️ 4-hour candlestick retracement and close above ~94,000 USD. Then the target: 94,800 95,500 and after the channel breakout → $98,000–$99,000
by cryptodailyuk
1
BTC Short-Term Chart 1H🔍 1. Current Market Situation BTC has made a very strong rebound from around ~87,000 and reached the key resistance zone of 92,700–93,200, where the first signs of a slowdown are currently visible. The Stoch RSI on the 1-hour timeframe is heavily overbought, which usually suggests a local correction or at least consolidation. 🔴 2. Key Resistance Levels (Short-Term) 92,726 → current resistance; the price has rebounded precisely from this zone. 94,057 → next strong resistance if BTC breaks above 92.7k. 96,018–96,866 → strong supply zone; only after breaking this zone will the uptrend resume in full force. 🟢 3. Major Supports (Short-Term) 90,379 – 90,990 → nearest intraday support zone 89,082 → strong support that halted the previous decline 87,726 → key to the upward structure 85,790 → critical level, a breakout opens the door to a deeper correction 📉 4. Short-Term Baseline Scenario Most likely in the coming hours: ✔ Scenario A – correction from the current level (preferred) Stoch RSI overbought Price rejected from the 92.7k resistance Large vertical move → market needs to cool down Correction Targets: 90,900–90,300 → first TP/buy zone 89,100 → deeper correction but still healthy. Long signal: Return of h1 candle closes > 91.3k after a pullback. ✔ Scenario B – breakout of 92.7k and continued growth If BTC breaks and holds above 93,200, upward momentum resumes. Targets: 94,057 96,000–96,800 (strong supply zone – take profit area)
by cryptodailyuk
1
BTC Short-Term 15m Chart📉 BTC 15M — Short-Term Analysis 1. Key Levels from the Chart Support $90,400–$90,450 – strong, repeatedly tested (orange zone). $90,178 – lower support (thin red line). $89,460 – deeper daily support. Resistance $90,900–$91,000 – local resistance zone. $91,214–$91,545 – SMA 72 / SMA 200 (yellow and blue) = strong dynamic resistance. $91,800–$92,200 – higher structural resistance. 🧠 2. Market Structure Short-term trend (15m) Price remains below the SMA 200 and SMA 72 → bearish momentum. Lower highs and lower lows are visible → bearish structure. Narrower range: 90,400 – 90,900 → price compression / consolidation. 📊 3. Indicators MACD – neutral / slightly bearish Histogram hovers around zero → lack of strong momentum. Recent downward crossover → downward pressure. RSI – 48 (neutral) Not oversold yet, but: RSI is forming a bearish divergence from previous highs. RSI often bounces from 50 in a downtrend → confirms bearish pressure. 🔎 4. What's happening now? The price is retesting the $90,400 zone, a key defensive level for bulls. The structure indicates: supply pressure, buyers exhausting themselves below the 200 SMA, possible breakout below if 90,400 breaks. 🎯 5. Short-Term Scenarios (15m) 🔻 Bearish Scenario (more likely) If 90,400 falls: Target 1: 90,180 Target 2: 89,460 Target 3: 88,960 The structure strongly suggests this because: Price below the 200 SMA Weak momentum No strong rebound from the lows 🔼 Bullish Scenario (only after breaking 90,900) If the market rebounds from 90,400 and breaks 90,900: Target 1: 91,200 (SMA 72 + 200) Target 2: 91,550 Target 3: 91 800
COINBASE:BTCUSD
by cryptodailyuk
BTC/USDT 1H Short-Term (maintaining support)📉 MARKET STRUCTURE 1. Trend The chart shows a clear falling wedge, which statistically is a pro-growth pattern—breakouts most often occur upwards. Upper wedge line: ~96,400 USDT Lower wedge line: ~93,750 USDT The price has just rebounded from the lower edge—this is a key demand level. 📊 SUPPORT AND RESISTANCE LEVELS Support (demand): 93,750 – lower wedge line 93,300 – strong chart level 92,650 – lower support, strong volume reaction Resistance (supply): 95,000 – 95,450 – local resistance (supply often returns here) 96,400 – resistance key + upper wedge line 📈 INDICATORS Stoch RSI (1h) We have rebounded from the oversold level. The %K line is breaking the %D line upwards → a signal of a potential short-term rebound. MACD The histogram is decreasing, but the first signs of flattening are visible. The MACD line is still below the signal line, but is approaching → momentum for a reversal is beginning. Volume Volume increased on bearish candles, but near the bottom, two demand candles with increased volume appeared → buyers reacted at support. 📌 CONCLUSIONS ✔️ Bullish short-term scenario (more likely at this point): Bounce from 93,750 + rising indicators = local upward correction. Targets: 94,800 – 95,000 95,450 96,400 (upper band of the wedge — an important decision point) ❌ Bearish scenario (if support breaks): A drop below 93,750 on strong volume opens the door to: 93,300 92,650 (a large defensive level — aggressive demand could enter here)
by cryptodailyuk
Tata Communications Ltd – Breakout Retest CompletedTata Communications Ltd – Breakout Retest Completed, Ready for Next Leg NSE:TATACOMM 📈 Pattern & Setup: Tata Communications has completed a clean **base breakout followed by a successful retest** on the weekly chart. The stock broke out from a long consolidation base with a strong volume spike, confirming genuine accumulation rather than a false move. Post breakout, the price pulled back exactly to retest the previous resistance around 1750–1800, where it found strong buying support. The higher lows formation and sustained green candles now indicate that **buyers are regaining control**. With the base structure holding firm and volumes picking up again, a move above 1940 could trigger the next rally phase toward 2600+. 📝 Trade Plan: ✍Entry: Above 1940 (sustained breakout confirmation) 🚩Stop-Loss: 1780 (below retest zone) 🎯Targets: Target 1 → 2200 Target 2 → 2640 (around 36% potential upside) 💡 Pyramiding Strategy: 1. Enter 60% position once price breaks above 1940 2. Add remaining 40% above 2000 with strong volume 3. Trail stop-loss to 1860 once price sustains above 2100 🧠 Logic Behind the Setup: This is a **base breakout with retest confirmation** — one of the most reliable continuation setups. The stock has shown strength by holding above its previous resistance zone even after a pullback, which now acts as fresh support. The volume spurt on the breakout followed by low-volume retest further validates institutional participation and absorption of supply. Keep Learning. Keep Earning. Let’s grow together 📚🎯 🔴Disclaimer: This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.
NSE:TATACOMMLong
by Trendxinc
Tata Elxsi Ltd – Descending Trendline Breakout WatchTata Elxsi Ltd – Descending Trendline Breakout Watch NSE:TATAELXSI 📈 Pattern & Setup: Tata Elxsi has been in a **controlled downtrend** for the past few months, forming a clean descending trendline with multiple shakeouts along the way. Recently, the stock printed a cluster of shakeouts near the 5100–5200 zone — a sign of **absorption after supply exhaustion**. The last few candles show strong buying pressure off the lows with improving volume, suggesting smart money re-entry. The structure now looks like a **base formation within a larger descending wedge**, where a breakout above 5450–5500 could trigger a trend reversal toward 6600+. 📝 Trade Plan: ✍Entry: Above 5500 (trendline breakout confirmation) 🚩Stop-Loss: 5200 (below recent swing low) 🎯Targets: Target 1 → 6000 Target 2 → 6650 (around 21% potential upside) 💡 Pyramiding Strategy: 1. Enter 60% position above 5500 on breakout candle 2. Add remaining 40% above 5650 after volume confirmation 3. Trail stop-loss to 5350 once stock sustains above 5900 🧠 Logic Behind the Setup: The stock’s repeated shakeouts show that weak hands have likely exited. The price is now coiling tighter beneath the trendline — a classic **VCP (volatility contraction pattern)** characteristic. This compression of price and volume often precedes a strong expansion move. Keep Learning. Keep Earning. Let’s grow together 📚🎯 🔴Disclaimer: This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.
NSE:TATAELXSILong
by Trendxinc
Welspun Enterprises Ltd – Ascending Triangle Breakout SetupWelspun Enterprises Ltd – Ascending Triangle Breakout Setup NSE:WELENT 📈 Pattern & Setup: Welspun Enterprises is forming a classic ascending triangle pattern — a strong continuation structure that often precedes sharp breakouts. The series of higher lows since mid-October clearly shows accumulation pressure building beneath resistance around 570. Each shakeout in this structure has been quickly absorbed by buyers, a strong sign of institutional interest. The latest candle is again testing the resistance zone with volume picking up, indicating breakout momentum is brewing. A confirmed close above 575 can open the gates for a 19% upside move toward the 680 zone. 📝 Trade Plan: ✍Entry: Above 575 (confirmation of breakout) 🚩Stop-Loss: 540 (below recent higher low) 🎯Targets: Target 1 → 620 Target 2 → 680 (around 19% potential move) 💡 Pyramiding Strategy: 1. Enter 60% above 575 with a strong volume breakout 2. Add 40% above 590 after price sustains above resistance 3. Trail stop-loss to 555 once the stock trades above 600 🧠 Logic Behind the Setup: The pattern combines multiple Wyckoff elements — repeated shakeouts, steady higher lows, and a clear horizontal supply zone at the top. This shows that sellers are being gradually overpowered while demand is increasing. Volume contraction within the triangle and expansion near resistance further strengthen the probability of a sustained breakout. Keep Learning. Keep Earning. Let’s grow together 📚🎯 🔴Disclaimer: This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.
NSE:WELENTLong
by Trendxinc
BTC/USDT 1H Chart Short-Term📉 Descending Channel (black lines) The price previously moved within a clear descending channel, which was broken upward. A breakout from the channel signals a change in the short-term trend – from supply pressure to an attempted rebound. From a technical perspective, a breakout from a descending channel often leads to an upward correction, the extent of which is at least the midpoint of the previous downward impulse. 🔷 Triangle Formation (blue lines) After breaking out of the channel, the price formed a symmetrical triangle (consolidation) – a sign of market indecision. Triangles of this type are often trend continuation patterns, but in this context – after a breakout from a descending channel – an upward breakout (i.e., a further upward rebound) is more likely. The key resistance level to watch is $111,145 – a breakout with volume confirmation would open the way to $112,320 and then $113,921. 🧭 Key Technical Levels Resistance: $111,145 – local resistance (upper boundary of the consolidation/triangle). $112,320 – another strong resistance level from the previous local high. $113,921 – major medium-term resistance. Support: $110,442 – lower boundary of the triangle (short-term support). $108,793 – support after the recent bounce. $107,285 – next demand level. $104,969 – bulls' defensive boundary in the broader context. 📊 Stoch RSI (bottom of the chart) The Stoch RSI oscillator is currently in a rebound phase from the neutral level (~40–60). If the lines (blue and orange) cross upwards and enter the zone above 80, this could confirm bullish momentum and a breakout from the triangle to the upside. However, a rejection from 60 and a further drop below 20 would signal a false breakout and a possible retest of USD 108,800. 🔎 Scenario Summary ➡️ Upside Scenario (more likely): Breakout from the triangle to the upside (confirmed by a 1-hour candle above USD 111,150). Potential move to USD 112,300 → USD 113,900. Momentum indicators support a rebound if the Stoch RSI maintains its upward trend. ⬇️ Downside scenario (alternative): Unsuccessful breakout and return below $110,400. A correction to $108,800 can then be expected, and if this level is broken, a further decline to $107,300.
by cryptodailyuk
CreditAccess Grameen: Rectangle Breakout Setup BUY Setup 🏦 Entry: ₹1,472-1,478 (Current Level) Target 1: ₹1,515-1,520 Target 2: ₹1,530-1,540 Target 3: ₹1,550-1,560 (Extended) Stop Loss: ₹1,440 Technical Rationale: Consolidating within tight range (1,440-1,495) on 30-min chart Trading near support at 1,470 level - good risk-reward entry Price holding above key support at 1,440 zone (black line) RSI at 62.37 - neutral to bullish, room for upside Volume showing accumulation pattern (89.09K) Microfinance/NBFC sector showing resilience Trading well above EMA (1,449.94) on larger timeframe Rectangle consolidation pattern - breakout imminent Multiple resistance levels clearly marked: 1,515, 1,530, 1,550 Support zone well-established at 1,440-1,450 Risk-Reward: Good 1:2.5+ ratio Pattern: Rectangle consolidation on 30-min chart - typically precedes directional move Strategy: Intraday to short-term swing - Book 40% at T1 (1,517), 30% at T2 (1,535), trail remaining with SL at 1,480 after T1 Key Levels: Resistance Zone: 1,480-1,495 (upper rectangle) Strong Resistance: 1,515, 1,530, 1,550 Critical Support: 1,440, 1,420 Timeframe: 30-minute chart for short-term traders/scalpers Note: Currently showing minor weakness (-0.42%) but holding support well. Wait for break above 1,480 for confirmation or enter at current support levels with tight SL. Disclaimer: For educational purposes only. Not SEBI registered.
NSE:CREDITACCLong
by rmhetre15
BTC/USD 1h short-term🧭 General context • Bitcoin price is ~$114,470. • The short-term trend remains upwards, which is confirmed by the black trendline. • The last upward impulse brought the price from ~ USD 111,000 to ~ USD 117,000. • Currently, the price is testing the support zone after a short correction. ⸻ 📊 Key technical levels • Resistances (green): • USD 117,815 – local peak, strong resistance (potential TP for longs). • USD 116,545 – medium resistance, possible retest in the short term. • $115,518 – lower resistance, bulls decision point. • Support (red): • USD 114,667 – currently tested level (important intraday support). • USD 113,545 – another strong support (close to trendline). • USD 111,915 – the limit after which the upward trend may reverse. ⸻ ⚙️ Trendline • The trend line runs from approximately USD 110,000 and connects subsequent lows. • The price is currently close to the trendline, so: • Rebound → continuation of the upward trend, • Breakout → possible decline to 113,500 or lower (up to USD 111,900). ⸻ 📈 Oscillator (Stochastic RSI) • It is located close to the oversold zone (approx. 8 p.m.). • This means that the market is close to a potential rebound - a bullish signal (if the %K and %D lines cross upwards).
COINBASE:BTCUSD
by cryptodailyuk
BTC/USD 1H chart short-term📊 Market structure: • Current price: ~$113,300 • Trend: A short-term uptrend - evidenced by rising lows and rising highs, as well as price remaining above the black trendline. • The chart shows Bitcoin testing resistance at $114,089, following a strong breakout earlier. ⸻ 🧭 Key Levels: Resistances (green lines): 1. USD 114,089 – the closest resistance that the price is currently testing. 2. USD 116,057 – another strong resistance, potential target after breakout. 3. USD 118,681 – main resistance level from the higher time frame (H4/D1). Support (red lines): 1. USD 112,156 – first local support (close to the trend line). 2. USD 109,567 – medium-term support, key to maintaining the growth structure. 3. $107,702 – Strong support where institutional buy orders are likely. ⸻ 📈 Trendline: The black upward trendline leads through the recent local lows. ➡️ As long as the price stays above it, the trend remains bullish. ➡️ Breaking this line down would be the first signal of a weakening trend and a correction towards USD 112,150-111,000. ⸻ ⚙️ Stochastic RSI (bottom indicator): • Currently starting to move down from overbought levels (above 80). • This indicates a possible short-term downward correction or consolidation. • If the indicator drops below 40 while keeping the price above the trendline, it may be a good opportunity to go long again.
COINBASE:BTCUSD
by cryptodailyuk
BNB/USDT 1H chart short-term📊 1. Trend structure • We see an upward channel (black trend lines) - the price rebounds from the lower support line and gradually heads upwards. • Currently, the rate oscillates in the middle zone of the channel - approx. 1,115 USDT. • As long as the lower trend line (approx. USDT 1,090) holds, the bullish structure is intact. ⸻ 🟩 2. Support and resistance zones Support: • 1,106 USDT → local intraday support (already tested several times). • 1,090 USDT → stronger support + trend line. • 1,056 USDT and 1,016 USDT → lower zones, in case of a stronger correction. Resistance: • 1,125 USDT → local resistance that is currently blocking the upward move. • 1,148 USDT → another strong resistance, after breaking it, a test of 1,174 USDT (upper border of the channel) is possible. ⸻ 📈 3. Indicator – Stochastic RSI • Currently, the Stoch RSI lines are starting to bounce from bottom to top, after previously entering the oversold zone. ➡️ This is a short-term rebound signal, but not yet a strong buy signal - confirmation of the break through of the ~1,125 USDT level is needed. ⸻ ⚙️ 4. Technical scenarios Bullish: • Maintaining 1,106–1,090 USDT and breaking above 1,125 USDT → target 1,148 → 1,174 USDT. • The trend support at 1,090 USDT acts as a buying zone for swing traders. Bearish: • A break below 1,090 USDT will negate the channel structure → a possible drop to 1,056 USDT and then 1,016 USDT. • The RSI will then likely enter a strong oversold zone.
by cryptodailyuk
EVAA / USDT – Bullish Setup (4H)📈 **EVAA / USDT – Bullish Setup (4H)** Price has pulled back to the 0.618 Fibonacci retracement after a strong bullish impulse, and is now showing signs of continuation within the ascending channel. If the price holds above **6.8 – 6.9**, we could see another push upward toward the upper channel resistance. 🎯 **Targets:** 1. 7.5 2. 8.0 3. 9.4 🛑 **Stop Loss:** clear close below **6.2** I expect the price to continue its bullish movement based on market structure and Fibonacci confluence. 📘 *This analysis is based on personal market study – DYOR / Not financial advice.*
Long
by DJANAS1ST
ETH/USDT 4H CHART REVIEW🔍 Overall market structure • Ethereum is moving in a descending triangle/converging channel (yellow trend lines). • The upper trend line acts as strong resistance (~$4,000-$4,150). • The lower trend line (rising) provides key support around ~$3,730-$3,750. ⸻ 📊 Key levels Resistances: • $3,875 – local resistance, where the price rebounded several times. • $3,990 – another resistance resulting from the yellow trend line. • $4,143 – main resistance in the breakout zone of the formation (potential target after breaking the downtrend). Support: • $3,808 – short-term support. • $3,733 – important level within the formation (lower yellow trendline). • $3,637 – strong support that should not be broken while maintaining bullish sentiment. ⸻ 📈 Indicators MACD: • MACD and signal lines are close to each other - no clear momentum. • Histogram decreases → possible short-term weakness or consolidation. RSI: • RSI indicator around 45–50 → neutral, with no clear advantage of buyers or sellers. • No divergence, but potential for a rebound if RSI drops to ~40 and rebounds.
by cryptodailyuk
BTC/USDT Short-Term 4H Review Chart🧩 Market Structure After a strong decline, the price has rebounded, creating a local uptrend (marked with the orange trend line). The price has currently broken through the uptrend from below, which is the first sign of bullish weakening. The current candle is testing this line from below—a classic trendline retracement (potential pullback). 📉 Support and Resistance Levels From the chart: Resistance (green lines): 113.868 USDT — key high. 111.240 USDT — strong resistance (previous local high). 109.133 USDT — currently being tested from below (confluence with the trendline). Support (red lines): 107.524 USDT — first support. 105.253 USDT — lower support, a boundary for maintaining the higher low structure. 103,582 USDT — key support, below which the upward structure will be negated. 🔍 Volume Increasing volume is visible on the red candles — selling dominated the trend breakout. The last green candle has a large lower wick and slightly higher volume — a signal of a possible defensive reaction from the bulls, but without confirmation of continuation. 📊 Stochastic RSI (oscillator) Located in the oversold zone (around 20). The %K line is starting to curve slightly upward — it could signal a short-term rebound, but until there's a crossover and confirmation, this is only an early signal. 📈 Scenarios ✅ Bullish: If BTC rebounds and closes the candle above 109,100 USDT, it will be a false breakout of the trend and a possible upward move towards 111,200–113,800 USDT. Support to be maintained: 107,500 USDT. ❌ Bearish: If the price remains below the trendline and 109,000 USDT, and then breaks above 107,500 USDT, the path opens to: 105,200 USDT, and then 103,500 USDT (strong support and potential buy zone). ⚙️ Summary Short-term trend: neutral → slightly downward (after the trendline breakout). Key level to watch: 109,100 USDT (retest trendline). Potential support: 107,500 → 105,200 → 103,500. Momentum (Stoch RSI): A bullish rebound is possible, but confirmation is lacking.
by cryptodailyuk
Short term correction - down below 4300⭐️GOLDEN INFORMATION: Gold (XAU/USD) dips to around $4,245 in early Asian trading on Monday, pausing after its record-breaking rally. The pullback comes as physical demand eases following the festive surge, while traders await China’s Q3 GDP, Industrial Production, and Retail Sales data later in the day. Last week, the metal gained support from India’s festive demand and robust ETF inflows. However, with fundamentals largely priced in, a short-term correction or consolidation appears likely. ⭐️Personal comments NOVA: Gold price started to accumulate, adjusted down below 4300 at the beginning of the week. Short-term downtrend ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 4320 - 4322 SL 4327 TP1: $4310 TP2: $4300 TP3: $4283 🔥BUY GOLD zone: $4222-$4224 SL $4217 TP1: $4235 TP2: $4250 TP3: $4270 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
2
INFINIT Ready for a Bullish Breakout The price is currently holding above a strong support zone after a correction from the previous high. If the price breaks and holds above the 0.171 – 0.173 resistance area, we can expect a bullish continuation toward the Fibonacci levels: 🎯 Targets: 0.178 0.184 0.192 🛑 Stop Loss: clear break below 0.151 I expect the price to reach these levels based on market structure and recent price behavior. The overall bias remains bullish as long as the price stays above support and confirms the breakout. 📘 This analysis is based on personal market study – DYOR / Not financial advice.
CRYPTO:INFINIUSDLong
by DJANAS1ST
The LINK/USDT will probably go lower📉 Trend and Structure The price is currently trading within a descending channel (yellow lines), which has been in place since late August. The price attempted to break out of the channel at the top around $23.40, but buyers lacked strength – it was rejected at resistance and fell back below the downtrend line. Currently, the price is just below the upper edge of the channel and below the 50/200 EMA, confirming that the medium-term trend remains downward. 🔹 Key Technical Levels Support: $21.40 – local support, which is currently being tested. $20.80 – strong support from previous price reactions. $19.68 – lower boundary of the channel, a very important level for bulls. Resistance: $22.20–$22.70 – zone of the 50/200 EMA and previous rejections. USD 23.40 – the last local high and the point of the false breakout. USD 24.90 and USD 25.50 – key breakout levels from the channel, paving the way to USD 27–28. ⚙️ Technical Indicators MACD: The MACD line has crossed the upside signal → sell signal. The histogram has turned slightly negative, indicating a loss of upward momentum. RSI (14): Currently around 51, with a slight downward slope. Neutral, but with a strong upside – a drop to around 40 is possible before the bulls attempt a rebound. 🧭 Scenarios 🔻 Bearish Scenario (more likely) If the price remains below $22 and the channel is not broken, a further decline to $20.80 is possible, or even a test of the lower band of the channel at $19.70. Confirmation will be a close of the 4-hour candle below $21.40. 🔺 Bullish Scenario (less likely at this time) If the bulls reclaim $22.70–$23.00 and close the 4-hour candle above it, a breakout from the channel could occur. The targets will then be $23.40, $24.90, and $25.50, respectively. Increased volume and confirmation on the MACD (bullish cross) are required.
by cryptodailyuk
BTC Short-Term 1H🔹 General Context On the chart, we see that Bitcoin: Has broken the local downtrend line (yellow line), suggesting an attempt to change the short-term trend. It is currently consolidating just above the 50/200 EMA, which is a positive sign for bulls. We also see a MACD crossover in the positive zone and an RSI rising, but not yet overloaded (around 52–60). 🔸 Key Technical Levels Support: 122.460 USDT – strong local support, aligned with previous lows and the 200 EMA. 121.900 USDT – next support, also marked by the blue 200 EMA. 120.600 USDT – deeper support, recent significant low. Resistance: 123,700 – 123,900 USDT – resistance zone where the price is currently stalling (there was a reaction after the trendline breakout). 124,700 USDT – next resistance level (local high). 125,700 USDT – strong resistance resulting from previous swing highs. 🔸 Technical Indicators 📈 EMA 50/200 (golden cross on 1 hour): The 50 EMA is breaking below the 200 EMA – a classic bullish signal (Golden Cross). Confirmation requires the price to stay above 122,800 USDT for several H1 candles. 📊 MACD: The histogram has turned positive, the MACD line is breaking above the signal line – momentum is increasing. There is no strong negative divergence yet, so the signal is clear. 💪 RSI: Value ~52–60 – moderately bullish. It is not overbought yet, so there is potential for further upward movement. 🔹 Scenarios ✅ Bullish Scenario: Sustainability above 122,800 USDT. A breakout and retest of the 123,700–123,900 USDT resistance could open the way to 124,700 USDT and then 125,700 USDT. The MACD and RSI support this scenario. ❌ Bearish Scenario: A reversal from the current level and a decline below 122,400 USDT. A retest of 121,900 USDT and a possible deepening correction to 120,600 USDT is possible.
by cryptodailyuk