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XAUUSD BULLISH MOVE (READ CAPTION)Hello trader's what do you think about gold Gold (XAUUSD) is currently maintaining a bullish market structure, as price continues to respect key support zones and shows strong buyer interest on pullbacks. The overall price action suggests a potential continuation toward higher levels. 🔹 Support Zone: 4263 This is the primary bullish support zone where buyers are actively defending price. As long as Gold holds above 4263, the bullish bias remains valid. 🔹 Second Support: 4240 This level acts as a strong secondary support and deeper retracement area. If price pulls back into 4240, it can offer a high-probability buying opportunity within the bullish trend. 🔹 Resistance: 4349 This is the key resistance level where price may face temporary rejection or consolidation. A confirmed breakout above 4349 will strengthen bullish momentum. 🔹 Supply Zone: 4383 This zone represents the next upside target. If Gold breaks and holds above 4349, price is likely to move toward the 4383 supply zone, where sellers may become active. A strong breakout above this zone could signal further upside continuation. 📈 Market Outlook Holding above 4263 / 4240 → Bullish continuation expected Break above 4349 → Opens the path toward 4383 supply zone Supply zone reaction will determine the next major move please like comment and follow
TVC:GOLDLong
by fx_hunter99
1
BTCUSD BULLISH OR BEARISH (READ CAPTION)Hi trader's what do you think about BTCUSD BTCUSD is currently showing a bullish market structure, with price holding above key demand areas and buyers actively defending lower levels. The overall price action suggests a potential upside continuation. 🔹 Support Zone: 86,500 This is the primary bullish support zone where buyers have previously stepped in. As long as price holds above 86,500, bullish momentum remains intact. 🔹 Bounce Support: 85,000 This level represents a strong bounce support and deeper retracement area. If BTC pulls back toward 85,000, it is expected to attract strong buyer interest and trigger a bullish bounce. 🔹 Supply Zone: 90,200 This is the major upside target and supply area. If bullish momentum continues, price is likely to move toward 90,200, where sellers may attempt to slow down or reject the move. 📈 Market Outlook Holding above 86,500 → Bullish continuation expected Deep pullback toward 85,000 → Strong buy reaction zone Upside target → 90,200 supply zone Supply zone reaction will define the next major move The structure supports a bullish pullback → continuation setup, favoring buyers unless key supports break. please don't forget to like comment and follow
BITSTAMP:BTCUSDLong
by fx_hunter99
BTC/USDT 4H chart📉 Trend and Structure H4 Trend: Downtrend / Downtrend Consolidation Sequence of lower highs + lower lows from around 95k Currently, the price is below key resistance levels; the market has not regained its upward structure. 🟩 Key Chart Levels Resistance 94,596 – Very strong resistance (upper range zone) 91,600 – Local resistance / consolidation center 90,748 – Flip level (former support → resistance) Support 88,385 – Short-term support (already tested) 85,226 – Current price reaction zone 83,596 – Key structural support 80,646 – Last line of defense (if 83.6k falls) 📊 RSI (14) RSI ~40–45 → Lack of strength Buyers No bullish divergence RSI has not returned above 50 → trend remains bearish 📉 Stochastic RSI Recently in the overbought zone → downward trend This confirms a correction/further weakness No confirmation of an upward impulse 🧠 What does price action say? Last candle: strong upward rejection No follow-through after bounces Any upward breakout is sold 📌 Scenarios 🔴 Baseline scenario (more likely) Consolidation / further decline to: 83,600 and with market weakness even 80,600 Shorts have an advantage below 88,400 🟢 Alternative scenario (bullish) Conditions: H4 close above 88,400 Then breakout and hold at 90,700 Only then: Targets: 91,600 → 94,600 Without this = only corrections in a downtrend
by cryptodailyuk
1
25076 is a super level. Watch for further drops if it breaksSee all the arrows where this level got respected. Some sessions it was the perfect bounce on CME_MINI:NQ1! CME_MINI:MNQ1! and other sessions, it was the level that caused an instant flush down or rocket up. I suspect price to hover around this level and either accumulate before a complete reversal or trap some bulls before a drop down to mid 24000s. I'd set the next max bounce level around 24649 if we give up this level. Set your TradingView alerts and see what happens around this level. You can put alerts on your horizontal line if you really want to. See image below. One last thing: if you see the 4 hour chart a little more zoomed in you'll notice an inverse cup and handle: This should give another 200 point flush at the very minimum. If you are really eager to catch a bounce, watch this demand zone at 24816.
CME_MINI:NQ1!
by kingdips
2
ATOM/USDT short-term🔍 Market Structure Clear downtrend – price is moving within a descending channel (lower highs and lows). Each bounce is sold at the upper band of the channel. No signal of a change in structure yet (no HH + HL). 📉 Current Price Status Price is at the lower end of the channel. Consolidation after a downward impulse → typical bearish continuation or short technical rebound. Current Zone: ~2.02–2.05 USDT – local support + demand reactions. 🟢 Key Levels Support 2.049 – local support (current reaction) 1.999 – strong psychological support 1.951 1.878 – lower demand zone (important!) Resistance 2.099 2.125 2.201 – key resistance / S→R flip. Upper channel line (~2.20–2.23) 📊 Stochastic RSI Oscillator often in oversold territory. Currently recovering from the low → possible short rebound. BUT: in a downtrend. The Stoch RSI is not a long-term signal. ➡️ More likely a pullback, not a trend change. 🧠 Scenarios 🔴 Baseline scenario (most likely) Bounce to: 2.09 → 2.12 Rejection + further decline: 1.99 then 1.95 / 1.88 ➡️ Short at resistance levels in line with the trend. 🟢 Alternative scenario (less likely) Breakout of 2.20 + close of the 1H candle above the channel Retest from above Then targets: 2.28 2.35–2.40 ➡️ Only then can we talk about a change in structure.
by cryptodailyuk
1
ADBE | Breakout Play After Earnings | Eyes on $360 and $390Adobe NASDAQ:ADBE has finally cleared the $350 volume wall, a level that’s acted as firm resistance for months. The breakout was backed by strong earnings, signaling momentum could continue as bulls step in. This move opens the door for a potential rally continuation, especially if the broader tech sector remains strong. 📉 Trade Setup: I'm watching for a retest of support around $330–$335 — a former resistance zone that could now act as a solid base for the next leg up. A clean bounce from this area could offer a high-probability long entry. 🎯 Targets: $360 (initial), $390 (extended) ❌ Stop Loss: Below $310 to protect against deeper pullbacks
NASDAQ:ADBELong
by Richtv_official
Dash Is Sitting At The Strong Support Within The Wedge PatternDash made a strong rally, as anticipated earlier, but the recent sharp decline suggests that the five-wave bullish impulse has likely been completed. As a result, price action now appears to be in a higher-degree three-wave corrective phase. This pullback fits well with a broader ABC corrective structure following the impulsive advance. On the 4-hour chart, Dash seems to be trading within wave C of this higher-degree correction. Moreover, price action suggests that the market may be in the final stages of wave (5) within a wedge pattern. This setup often signals trend exhaustion, especially when combined with strong historical support. In this case, the 40 area stands out as a key support zone where buyers could step back in and stabilize the price. Given this technical structure, traders should be alert for a potential rebound and the early stages of a new rally, particularly if price manages to recover and hold above the 53.50 level. However, it’s important to remain cautious, as the first meaningful bullish evidence would only be seen on a breakout above the 71 area. A decisive move above 105 would then serve as full bullish confirmation, signaling that a larger upside continuation is back in play. Until those levels are reclaimed, price action should be monitored closely, as volatility may remain elevated near the current support zone.
KRAKEN:DASHUSDLong
by ew-forecast
1
XAUUSD READY FOR FLY (READ CAPTION)Hi trader's Gold is currently showing a bullish bias as long as the price holds above the major support zones. 🔹 Support Levels: 4209: The first strong support zone where buyers may step in to push the price higher. 4196: The second, deeper support level. If price dips here, strong demand is likely to build. 🔹 Resistance Levels: 4240: The first immediate resistance. A breakout above this level could trigger the next bullish move. 4260 (Supply Zone): A major supply area where sellers may attempt to push the price down. A clean break above this zone can lead to strong bullish continuation. 🔹 Bias: The market structure continues to form higher lows, supporting the bullish sentiment. As long as price stays above the support levels, upside targets remain valid. please like comment and follow thank you
TVC:GOLDLong
by forex_analysis_12
BTC/USD 4H Chart🔎 Market Structure (4H) Medium-term trend: still up, but clearly weakening Price has broken out of the local uptrend channel (black line broken) Currently, we have a downward impulse + attempted demand reaction This looks like a distribution → SL breakout → seeking demand lower 🧱 Key Levels (from your chart) 🟢 Resistance (now selling) 89,255 – first local resistance (now S/R flip) 91,857 – strong resistance, previous consolidation 93,713 – supply zone / last LH 94,700–95,000 – very strong resistance (high range) 👉 Until we return and close the 4H period above 91.8k, longs are counter-trend 🔴 Support (most important) 87,621 – currently being tested / very important 84,216 – key HTF support (must-hold for bulls) 81,308 77,820 – deep range low 📉 Momentum & price action Last candle: strong decline + long lower wick = demand reaction, but no confirmation No 4H HH/HL structure yet This looks like a dead cat bounce or a retest of the breakout 📊 Stoch RSI Was heavily oversold Now a sharp upward move ⚠️ But: In downtrends, the Stoch RSI often gives false long signals Price confirmation is needed, not just an oscillator 🧠 Scenarios (specific) 🟡 Scenario 1 – Base case (most likely) Pullback → further decline Bounce to 89.2k – 90k Rejection Down to 84.2k Market decision there 👉 This is a textbook retest of a broken structure 🟢 Scenario 2 – Bullish (less likely, but possible) Conditions: 4-Hour Close > 91,857 Then a retest of the high-low Then targets: 93.7k 94.7–95k Only above 95k does the full uptrend resume 🔴 Scenario 3 – Bearish (if demand breaks) If: 4-Hour Close < 87.6k Then: A quick move to 84.2k Breakout = 81.3k Extreme: 77.8k
COINBASE:BTCUSD
by cryptodailyuk
1
ETH/USDT 1D CHart Long-Term. 🔍 Market Structure (Price Action) 1️⃣ Trend Long-term: The uptrend has been broken (a downward breakout from the black trend line). Medium-term: A sequence of lower highs and lower lows → a downtrend. The current rebound is a correction in the downtrend, not a confirmed reversal. 📐 Key Levels (very well marked) 🔴 Support 2768 USDT – key support (current local bottom). 2157 USDT – final support from the previous structure (if 2768 breaks → a very real pullback). 🟢 Resistance 3506 USDT – current nearest resistance (retest after a downward breakout). 4101 USDT – strong supply zone + former support. 4477 USDT – main structural resistance (region of previous highs). 👉 Price is now exactly in the decision zone between 2768 and 3506. 📉 Trendline Breaked and rejected (retest ended with a decline). This is a classic signal of a downtrend continuation. Until the price returns above 3506 and sustains, there is no uptrend. 📊 Stochastic RSI The oscillator frequently reaches the 80–100 zone. Currently: Moving out of overbought → signal of weakening upward momentum. No bullish divergence → no confirmation of a trend change. 🧠 Scenarios 🐻 Baseline scenario (more likely) Rejection of 3506 Return to around 3000 → 2768 Breakthrough of 2768 = open path to ~2150 🐂 Alternative (conditional) scenario Daily close above 3506 Retest of 3506 as support Only then is a move towards 4100 possible 🎯 Final conclusions This is not a market for longs without confirmation. The current rebound looks like a pullback in a downtrend. Safeest: Short at resistance (3506 / 4101) Long only after a breakout and holding of 3506
by cryptodailyuk
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
TECHNICAL ANALYSIS BNB/USDT1️⃣ Market Structure and Trend The chart shows a long-term uptrend, confirmed by a very clean ascending trendline (orange), which has been acting as dynamic support for over a year. After a strong breakout to ~1380, the price began a correction but still hasn't broken the higher low structure → the uptrend is intact. 2️⃣ Key Levels (exactly from your chart) 🟢 Resistance Levels (green): ~1018 USDT ~1150 USDT ~1249 USDT These are potential targets for a renewed uptrend. 🔴 Support Levels (red): ~879 USDT – the closest important support ~838 USDT – a key defensive level ~683 USDT – deep support / last HTF trendline The price is currently trading directly above the first support level. 3️⃣ Trendline (orange) Your trendline is: strong, multi-point drawn on the D1 timeframe currently around 850–880 USDT ➡️ If the price falls, the trendline perfectly aligns with the 838–879 zone, strengthening this zone as a "must defend." 4️⃣ Oscillators – Stoch RSI (bottom) Currently: The oscillator is in a high zone (above 80) → indicating local overbought However, there is no clear downward crossover yet. Meaning: 👉 Upward momentum is still active, but we are closer to a local high than a low. 5️⃣ Scenarios 🟢 Upside scenario (more likely as long as the trendline holds) Condition: Maintaining the 879/838 levels and the trendline. Targets: 1018 USDT – first resistance 1150 USDT – important medium-term resistance 1249 USDT – main HTF target The longer the price consolidates above the orange trendline, the greater the chance of a renewed attack on 1150–1249. 🔴 Downside scenario (less likely, but crucial) Condition: Downside breakout of 838 USDT and closing of the D1 candle below the trendline. Then: the market could enter a deeper correction phase the target would be the 683 USDT level – this is also the main support level, where reactions were previously strong This is a "capitulation" scenario, but it doesn't seem to be dominant given the current price action. 6️⃣ What can we see on the chart "here and now"? ✔️ The price has rebounded from the local low ✔️ It is still between support at 879 and resistance at 1018 ✔️ The uptrend is intact ✔️ A potential HTF higher low has formed ✔️ The Stoch RSI shows momentum, but caution is warranted ➡️ The market is consolidating within the uptrend, with a high chance of a breakout upwards – provided support is maintained.
by cryptodailyuk
1
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
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
6
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
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(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
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
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