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XRP - A Make-or-Break Battle at Major Support!!!📉XRP has been moving inside a falling channel , with sellers maintaining control for several weeks. However, price is now retesting a major weekly support zone around the 1.8–2.0 area, a level that has acted as a strong turning point in the past. ⚔️As long as this support zone holds, we will be looking for bullish reactions and potential long setups, expecting XRP to rebound inside the structure. 🏹If buyers step in, the first obstacle ahead will be the blue supply zone, which aligns perfectly with the upper channel trendline, creating a magnet-like area where price is likely to be drawn before the next decision. Only a strong breakout above the supply zone would confirm a larger bullish reversal. What do you think.. . will XRP defend this support and push higher? Share your view below 👇 ⚠️ 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
Long
by TheSignalyst
2
ETH ANALYSIS – 1h📊 ETH ANALYSIS – 1h 🔥 1. Key Fact on the Chart We have a very strong upward impulse that: Breaked the upper band of the descending channel (blue) Touched the upper line of the ascending channel (orange) Was immediately rejected (long wick) The MACD shows extreme overbought + potential divergence in the making Such a move usually indicates a short squeeze + profit-taking → i.e., a temporary weakening and a retest of the breakout. 🎯 2. Price areas I see on your chart Green (resistance/TP for longs): 3479–3490 – structural highs, strong resistance 3420 – local resistance 3375 – first real resistance after the breakout Red (support/defense levels of the structure): 3338–3348 – first test zone after the breakout 3293 – key level — sustain = trend continuation 3180–3200 – consolidation zone broken (likely retest) 📉 3. What does the current wick mean? This giant wick signals: short liquidations lack of demand for a continuation after the first resistance breakout high probability of a return to the range possibility of a retest of the breakout (around 3185–3210) This doesn't look like a classic breakout with a continuation, but rather a fakeout and the need for a correction. 📈 4. Scenarios ➡️ Bullish (more likely if 3293 holds) Price falls to the 3338–3293 zone Builds a local HH/HL Starts a move to 3375, then 3420 If 3420 breaks → target 3480–3500 ➡️ Bearish (if price loses 3293) Retest from the bottom of 3293 Return to the blue channel Target: 3185–3200 If this level breaks → 3050–3080 (lower band of the channel) 📟 5. MACD MACD is: extremely stretched signal line begins to collapse histogram decreases after Explosion → This almost always means a local intraday high + a drop to support.
by cryptodailyuk
1
XAUUSD BULLISH OR TRAP (READ CAPTION)Hi traders what do you think about gold Gold (XAUUSD) is currently showing a bullish structure, as price is holding above key support levels and forming higher-low patterns. Buyers are active near the lower zones, indicating strength for potential upside continuation. 🔹 Support: 4200 This is the primary support level where buyers previously reacted strongly. As long as price stays above 4200, the bullish bias remains intact. 🔹 Second Support: 4191 This level represents strong secondary support and a deeper retracement area. If the market pulls back to 4191, buyers are expected to re-enter and push the market upward. 🔹 Resistance Zone: 4220 This is the near-term resistance where market may slow down or face minor rejection. A clean breakout above 4220 will confirm bullish continuation. 🔹 Supply Zone: 4240 This is the main upside target. If price breaks above 4220, the next stop is the 4240 supply zone, where sellers may attempt to react. A strong breakout above 4240 can shift Gold into a larger bullish trend. 📈 Market Outlook Holding above 4200 & 4191 → Strong bullish continuation probability Break above 4220 → Opens the path toward 4240 supply 4240 zone will decide next major move (either rejection or breakout continuation) The overall structure supports a bullish pullback + continuation setup for upward momentum. please don't forget to like comment and follow
TVC:GOLDLong
by fx_hunter99
BTCUSD may bounce from Ichimoku supportBITSTAMP:BTCUSD has been in correction mode for the past two months since its new ATH on October 6, 2025. It fell through various technical supports, including shorter term simple and exponential moving averages. The move has been quick / unforgiving. But it appears to be finding support right where it should when zooming out on the weekly timeframe. On the Ichimoku charting system (an equilibrium-based system developed in Japan), cloud support is particularly important especially on higher timeframes like weekly and monthly charts. Further, a wide green-colored upward-sloping cloud indicates bullish trend and stronger support. Of course, the Kijun line is overhead on the weekly. That must be overcome in the next few weeks for further upside. The monthly chart with Bollinger Bands applied at standard settings reveals that BTC has simply retraced to the mean (20-month SMA) during this volatile period of consolidation and correction. This supports the case for consolidation and mean reversion w/in a bull market for BTC. Here is a snapshot: Always do your own research and manage your risk appropriately for your position size! And enjoy your holiday season. Merry Christmas and Happy New Year to all!
BITSTAMP:BTCUSDLong
by SquishTrade
5
ALGO Consolidation at Key Support | Spot Long SetupOver the last couple of days, Algorand (ALGO) has been consolidating tightly around a key support level between $0.130 and $0.135. This range has historically held well, acting as a strong base for previous upward moves. The sideways price action here suggests accumulation, with buyers stepping in to absorb selling pressure. 🎯 Trade Idea (Spot Long) Entry Zone: $0.130 – $0.135 Take Profits: $0.145 / $0.175 / $0.225 / $0.26 Stop Loss: $0.125 This setup offers a favorable risk-reward ratio, especially with confirmation of support holding. The multi-tiered TP approach allows for scaling out profitably. Always watch for volume confirmation and market sentiment shifts. A breakdown below $0.125 would invalidate the idea. This setup is meant for educational purposes only.
Long
by Richtv_official
BRCUUSD BULLISH OR TRAP (READ CAPTION)Hi trader's what do you think about BTCUSD BTCUSD is currently developing a bullish setup, as the market is holding above key support levels and showing signs of buyer strength. Price is respecting the lower zones, indicating a possible continuation toward higher levels. 🔹 Support: 89,600 This is the primary support level where buyers have reacted previously. As long as BTC stays above 89,600, bullish sentiment remains intact. 🔹 Strong Support: 89,000 This zone represents strong structural support. If the market dips into 89,000, it is considered a high-probability demand area for buyers to re-enter. 🔹 Resistance: 92,200 This is the first bullish target, where short-term profit-taking may occur. A breakout above 92,200 will strengthen bullish momentum. 🔹 Supply Zone: 94,000 This is the major supply zone where sellers may become active. If BTC breaks above 94,000, the market could shift into a stronger bullish trend. 📈 Market Outlook Holding above 89,600 / 89,000 → Bullish continuation expected Break above 92,200 → Opens the way toward 94,000 supply zone Supply at 94,000 will decide the next major directional move please like comment and follow thank you
BITSTAMP:BTCUSDLong
by fx_hunter99
ETHUSD 1D chart1️⃣ Trend and key levels Trend • The overall neutral-growth trend, but with clear consolidation. • The price rebounded dynamically from the bottom (approx. USD 2,850), which creates the first higher low structure → the potential beginning of an upward impulse. Support • $2,973-$3,000 – SMA #1 + local support. • USD 2,851 – strong support from which the candle made a very large wick upwards. Resistances • USD 3,169 – the first strong resistance, several candles bounced from this level. • $3,236 – key daily resistance. Breakout = signal of strong momentum and opening the way to USD 3,300-3,430. ⸻ 2️⃣ Candle formation and behavior • A bullish candle with a long lower wick appeared → this is a signal of buyers. • The price is making a series of higher lows, but no higher high yet → the market is waiting for a breakout of USD 3,236 to confirm the uptrend. ⸻ 3️⃣ SMA (moving averages) 🔴 SMA #1 (short-term) • Price is just above it → acts as support. • If the daily candle closes below $3,000, the downside momentum returns. 🟢 SMA #2 (long term, ~$3,430) • Is high above the price → long-term bearish pressure until the price returns to the price area. ⸻ 4️⃣ RSI (momentum) RSI around 45–50 • Neutral territory. • Zero overbought/oversold. • Slight upward trend in RSI → buyer momentum is growing, but without an overheating signal. Conclusion: The market has room to move higher before the RSI becomes high. ⸻ 5️⃣ MACD • MACD is above the signal line → slight, early bullish signal. • The histogram increases, but there is no significant acceleration. Interpretation: increases are possible, but without strong momentum yet.
INDEX:ETHUSD
by cryptodailyuk
TECHNICAL ANALYSIS – BTCUSD (4H)1. Market Structure: Ascending Channel (Orange) The chart clearly shows an ascending trend channel – the upper and lower orange lines. Lower Channel Support: ~$87,000 Upper Channel Resistance: ~$96,000 Medium-term trend = uptrend as long as the price remains within this channel. 2. Key Levels You Have Marked Resistance $94,133 – local resistance from which the price recently rejected. $95,866 – upper boundary of the resistance zone + near-upper channel line. $99,067 – high target upon channel breakout. Support $92,190 – price is currently within this zone, struggling to maintain it. $90,757 – important intraday support; a breakout opens the way lower. USD 88,203 – strong support, converging with the lower part of the channel. 3. Price action Currently, I see: Rejection from the 94.1k level, which is resistance. Attempt to return to the center of the structure, but the candlestick is rejected from above. The market is making a short-term lower high → slight weakening of momentum. 4. Stoch RSI Stoch RSI (4h): The lines are in a downward trend from the upper levels, meaning a short-term correction is just beginning. There is no signal for an upward reversal yet → momentum favors a move to lower support levels. ⭐ 5. Scenarios for the next hours/1–2 days BULLISH (if BTC maintains 92k–90.7k) Condition: No break below $90,757 Potential moves: Consolidation at 92k–91k Stoch RSI begins to curve upward Attack: $94,133 $95,866 (upper channel resistance) Target: → $96,000 → possible test of $99,000 with a strong breakout BEARISH (if BTC breaks $90,757 down) This is a key level. If it breaks: A quick decline to $88,203 High probability of a retest of the lower channel line (~87k) This still won't destroy the uptrend, but it will open the door to buying lower.
COINBASE:BTCUSD
by cryptodailyuk
XAUUSD(GOLD) BEARISH OR TRAP (READ CAPTION)Hi traders what do you think about gold Gold (XAUUSD) is currently forming a bearish trade setup, showing weakness below the major resistance zone 4217–4230. This area has rejected price multiple times, indicating strong seller presence. 🔹 Resistance Zone: 4217–4230 This is the main bearish rejection zone. As long as price stays below 4230, the market remains in a bearish bias. Any retest of this zone can act as a selling opportunity for continuation moves. 🔹 Support Level: 4180 This is the first support level where short-term buyers may attempt to react. A clean break below 4180 will confirm further downside continuation. 🔹 Demand Zone: 4150 This is the strong demand area where buyers are expected to become active. If price drops into 4150, the market may show a bullish bounce, but overall sentiment remains bearish until major resistance breaks. 📉 Market Outlook Below 4217–4230 → Market remains bearish Break below 4180 → Opens the path toward 4150 demand zone First target for sellers → 4180 Second target → 4150 demand zone This structure shows a clean bearish retracement + resistance rejection setup, ideal for downside continuation trades.
TVC:GOLDShort
by fx_hunter99
GBP: Next Upside Move PositioningTraders in the British Pound (6BH2026 -March futures) are acting quite predictably. After last week’s rally (by the way — GBP rose to the outer 95% ER boundary, which rarely happens), we started seeing naked puts appear on Thursday and Friday. Their break-even points sit right within the recent bullish move (#1 and #2 on screenshot). Here’s how to interpret this: If GBP starts to decline, these levels could act as support zones — and potentially mark the end of the correction. The mechanics behind it? By adding a long futures position to a long put, traders create a synthetic call — a structure designed to profit from upside after the dip. In short: They’re not just betting on a drop — they’re positioning for the next leg up. #GBP futures
CME:6BH2026Long
by ClashChartsTeam
BTC/USDT 4H Chart 🔍 MARKET STRUCTURE The chart shows a broad ascending channel in which BTC has been moving for several days: Lower trend support: ~$87,500 – $88,000 Upper trend line: ~$94,500 – $95,000 The price has clearly rebounded from around $89,200, an important demand level. 📈 KEY LEVELS Support USD 89,284 – local support from which a rebound occurred USD 87,804 – the next, much stronger support level consistent with the trendline Resistance USD 91,466 – currently being tested USD 94,141 – key resistance and the upper band of the channel 📊 CHART SITUATION (4 hours) 1. Price action The price has made a strong upward impulse from support at USD 89,280. It is currently reaching local resistance at USD 91,450 – USD 91,700. If this level is broken, the target is USD 94,000 – USD 94,500. If it fails, a pullback to USD 90,200/USD 89,300 can be expected. 📉 MACD Your MACD shows: Bullish crossover – buy signal. The histogram changes from red to green → momentum is increasing. The curves are diverging, confirming the strength of the move. This indicates that the short-term trend is turning bullish. 📌 TWO TRADING SCENARIOS 🟢 BULLISH Scenario (more likely) Condition: H4 candle breakout and close above USD 91,700. Targets: TP1 → USD 92,800 – USD 93,200 TP2 → USD 94,000 – USD 94,500 (upper channel) Stop-loss (if you were going long): below USD 90,500 Safer below USD 89,280 MACD confirms this scenario. 🔴 BEARISH Scenario Condition: rejection of USD 91,700 and a close below USD 90,500. Targets: TP1 → USD 89,300 TP2 → USD 87,800 (key trendline) A drop to USD 87,800 would be an ideal place for large players to buy again.
by cryptodailyuk
BTCUSD BEARISH OR RETEST (READ CAPTION)Hi trader's what do you think about bitcoin usd BTCUSD is currently showing a bearish retracement structure, suggesting that price may continue to correct downward after failing to hold higher levels. 🔹 Resistance Level: 93,800 This level acts as a strong rejection zone. If price retests 93,800 and fails to break above, it confirms bearish continuation. Sellers are expected to remain active below this zone. 🔹 Support Level: 90,800 This is the first support level where price may attempt a short-term bounce. If BTC breaks below 90,800, bearish momentum will likely increase. 🔹 Demand Zone: 89,200 This is the major demand zone where strong buyers may step in. If price reaches 89,200, a potential bullish reaction can happen, but until then the market remains in a bearish correction phase. 📉 Market Outlook BTCUSD remains under bearish pressure as long as it stays below 93,800. Break below 90,800 opens the way toward 89,200 demand, where buyers are expected to show stronger interest. please don't forget to like comment and follow thank you
BITSTAMP:BTCUSDShort
by fx_hunter99
BTC/USDT 4H chart review📉 1. Market structure – short-term 4H trend In the chart I see: • Breaking the upward trend line (black diagonal) – a classic signal of weakening momentum. • After the breakout, there was a quite strong downward impulse, which confirms that the intraday trend has turned bearish. • The price is currently testing around USDT 89,500-90,000, where a reaction is emerging, but not strong yet. 👉 Conclusion: 4H is now in a bearish correction and the market looks ready to test further lower supports. ⸻ 🧭 2. Support and resistance levels (from your chart) Upcoming supports: 1. 89,500–89,000 – the current level at which the market is trying to defend itself. 2. 88 185 – clear red line, first logical support lower. 3. 86,001 – next demand level, big candle from the past. 4. 83,720 – deeper support to which the market returns when there is great fear. The nearest resistances (which need to be recovered to return to growth): 1. 90,467 – first key resistance; now it will work as a "flip". 2. 91 923 – stronger resistance; This is where the declines began. 3. 94,223 - only breaking this level shows that the bulls are back. 👉 The market is currently sitting BELOW the key resistance of 90,467, so downward pressure is active. ⸻ 📉 3. Analysis of candles and price behavior • The last 4-6 candles are large red bodies, which shows the clear dominance of supply. • After the breakout of the trendline, there is no strong pullback - this means that the bears do not allow for a rebound. • The lower shadow on the last candle indicates buyer reaction, but no confirmation yet. 👉 If 89,500 is broken, a move to 88,185 is very likely. ⸻ 📉 4. MACD – negative signal MACD shows: • Bearish cross – the blue line crossed the orange line from above. • The histogram turns into red bars - the downward momentum is increasing. • MACD is below zero → confirmed downward trend in the 4-H interval. 👉 MACD confirms what we see on the chart: momentum is falling and a rebound is unlikely without consolidation.
by cryptodailyuk
OKLO Bullish Momentum – Nuclear x AI Narrative Ignites SurgeNYSE:OKLO is up +24% this week, gaining strong momentum after Nvidia CEO Jensen Huang stated that the future of AI will be powered by “small nuclear reactors.” This powerful narrative crossover between AI and nuclear energy has lit a fire under small-cap nuclear names, with OKLO emerging as a standout. The volume spike and price action signal strong speculative interest. Trade Setup: 🔹 Entry Zone: $105 – $109 🔹 Take Profit Targets: $125 / $140 🔹 Stop Loss: $99 🔹 Risk/Reward: Favorable if breakout holds with momentum and volume confirmation
NYSE:OKLOLong
by Richtv_official
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
$INJ – Extremely Oversold at Key Support | Long Setup PotentialInjective CRYPTOCAP:INJ is trading at an extremely oversold level, sitting directly on major horizontal support that has historically triggered strong bullish reversals. The current zone could offer a high-risk, high-reward opportunity for a long spot position. 🟢 Trade Setup Entry Zone: $5.50 – $6.00 Targets (TP): • TP1: $7.00 – $8.00 • TP2: $10.25 – $12.00 • TP3: $14.00 – $16.00 Stop Loss: $5.00
Long
by Richtv_official
LINKUSDT – Pullback Opportunity Before Next Leg Up?Chainlink (LINK) has rallied strongly but is now testing resistance, where price action could stall short-term. We're watching for a healthy pullback to reload for the next bullish wave. 🔹 Entry Zone: $12.50 – $13.50 🔹 Take Profit Levels: • TP1: $15.50 – $16.50 • TP2: $19.00 – $21.00 • TP3: $25.00 – $28.00 🔹 Stop Loss: $11.90 Key Idea: A rejection at current resistance could offer a better long entry. If price dips into the $12.50–$13.50 zone and shows strength, it may kick off the next upward move. 📌 Watching for bullish confirmation in that range. Chart structure still favors upside as long as $11.90 holds.
Long
by Richtv_official
SUI Rally Cooling Off – Long Opportunity on Pullback!SUI has seen a massive rally over the past 24 hours, breaking out with strong bullish momentum. As price begins to cool off, we’re watching for a healthy pullback that could present a great long spot entry opportunity. 📉 Entry Zone: $1.36 – $1.50 🎯 Take Profit Targets: • TP1: $2.20 – $2.50 • TP2: $3.00 – $3.30 🛑 Stop Loss: $1.30 The recent surge indicates strength, but after such explosive movement, a retest of support is likely before continuation. Patience is key—wait for the dip into the zone and monitor how price reacts. If support holds, this could be a strong mid-term trade setup.
Long
by Richtv_official
$ETH: Ethereum seems to be pointing toward a bottom at $...What I’m seeing on the daily chart is pretty clear: The MACD is already deeply oversold, yet Ethereum continues to fall. Normally, such a setup would trigger a technical rebound — but the price action is not following. This tells us one thing: bearish absorption. Whales are unloading into every attempt to push upward, absorbing the buys and slowly forcing the price down. The ETH being sold is still changing hands, and until this process completes, CRYPTOCAP:ETH remains pressured to the downside. Because the MACD is extremely oversold, we should expect some technical bounces — but opening a long here is extremely risky. Patience is better than gambling in a downtrend without support beneath your feet. Right now, $2100 looks like the strongest support zone and a likely level for a meaningful bounce. But in a broader bearish environment, even that bounce could just be a short-term relief before a new leg down or a reaccumulation phase. So there’s no need to rush or FOMO into every green candle. Bounces are normal — the trend remains bearish until ETH reaches the demand zone around $2100. And if ETH doesn’t react at that level… that would be a very bad signal. Statistically, $2100 has a high probability of being reached and acting as a solid reaccumulation zone. DYOR #Ethereum #ETH #CryptoAnalysis #TechnicalAnalysis #Altcoins #CryptoTrading #MACD #PriceAction #BearishTrend #SupportZone #CryptoMarket #BTC #CryptoNews
Short
by CryptoNikkoid
5
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
November's Tech Shake-Up: Google vs. Nvidia DivergenceNovember marked the widest divergence yet between Google and Nvidia NASDAQ:NVDA . Nvidia’s pullback wasn’t just routine profit-taking—markets started pricing in a strategic shift by hyperscalers potentially moving away from GPU-only AI stacks. This narrative could dilute Nvidia’s moat, while bolstering demand for diversified AI infrastructure players like Google. 📊 GOOGL Setup: Strong Fundamentals, Strategic Support Google remains fundamentally strong and technically well-supported. With earnings resilience and infrastructure independence, NASDAQ:GOOGL may outperform if tech rotation accelerates. The stock is sitting above a clear demand zone, offering a calculated risk-reward play. 🔔 Trade Idea Entry Zone: $252 – $256 (support area) Take Profit 1: $292 Take Profit 2: $327 Stop Loss: $225 📌 This aligns with multi-month support and potential breakout continuation.
NASDAQ:GOOGLLong
by Richtv_official
BTC/USDT 4H Chart Review🧭 1. Main Market Structure The chart shows: A broad downward channel that has been in place since the end of October. The price bounced off the upper line of the channel, made a local upward impulse (orange trend line), and then broke it, returning back towards the lower regions of the channel. ➡️ This means that the dominant trend is still downward, and upward bounces are corrections. 🧨 2. Current Chart Situation BTC has broken through: the local uptrend (orange line) fell below the 88,500–89,000 zone (green) is heading towards further support levels Currently, the price looks like a typical retest of the broken structure and a continuation of the decline. 🟩 3. Key Price Levels (S/R) Resistance (upper – green): 91,600 – 92,000 – key level, a breakout would negate the local downtrend 95,000 – 97,500 – upper range of the descending channel Support (lower – red): 85,300 – 85,800 – local support (price is currently reacting here) 83,000 – 83,100 – strong horizontal support 79,800 – strong support, historically strong in this timeframe 76,600 75,000 – lower band of a potential drop + near the lower boundary of the channel ➡️ The most logical downside targets are 83,000 and 79,800. 📉 4. Descending Channel (black) (lines) The price has rebounded from the upper range of the channel and is heading towards the lower range. The middle line of the channel has been broken down → a signal of trend continuation. The lower boundary of the channel indicates a potential low around 75,000–78,000. 🔄 5. Stoch RSI Currently oversold in the oversold zone, it is starting to curve upwards. In a downtrend, long signals are weaker, but a short-term rebound is possible. 🧭 6. Scenarios 📉 Bearish scenario (more likely) Technical rebound to 88,500 – 89,000 Rejection from this zone → continued decline Targets: 83,000 79,800 Extremes: 76,000 – 75,000 ➡️ This scenario is consistent with the trend and a rebound from the upper channel.
by cryptodailyuk
1