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XAUUSD Short: Sellers to Maintain Control at 3380 SupplyHello, traders! The macro structure for the XAU price auction has been defined by two critical pivot points, establishing a wide and volatile consolidation range. A major pivot point high was formed at the 3390 supply zone, while a subsequent pivot point low anchored the market at the 3300 demand zone. All price action since has occurred between these two dominant control zones, transitioning the market into a state of balance. Currently, the price action is contracting within a large symmetrical triangle, signaling a compression of volatility. The auction is now at a critical inflection point, as it is directly testing the upper boundary of this formation. This area represents a powerful confluence of resistance, where the descending supply line and the horizontal 3380 - 3390 supply zone intersect, providing a key battleground for market participants. The working hypothesis is a short scenario, predicated on sellers successfully defending this resistance confluence. It is anticipated that the price will make a final push into the supply zone before being rejected. A confirmed failure to break higher would validate the triangle's integrity and initiate a full rotation to the downside. The take-profit is therefore set at 3330, targeting the high-liquidity area where the ascending demand line converges with the horizontal demand zone. Manage your risk!
FOREXCOM:XAUUSDShort
by heniitrading
5
AVAX/USDT – Major Breakout on the Daily Timeframe!AVAX has finally broken out from its long-term descending trendline, signaling the potential start of a powerful bullish move. Let’s break down the setup: 🔎 Chart Analysis: Pattern: Falling Wedge on the Daily timeframe. Breakout Zone: Price has successfully closed above the resistance trendline around $25–26. Support Zone: Strong accumulation support around $24–26 🎯 Trade Setup: Entry Zone: $24–26 (current breakout retest levels) Targets: TP1: $35 TP2: $48 TP3: $60+ Stop Loss: $21 (below wedge & accumulation box) 📊 Risk/Reward: R/R ratio: ~5:1 High conviction setup with breakout confirmation. ⚡ Key Takeaway: If AVAX holds above the breakout zone, it could deliver a 2x–3x run in this cycle. Watch closely for volume confirmation on daily candles to strengthen the breakout signal. 🔥 Conclusion: AVAX looks primed for a strong bullish rally after months of consolidation. Accumulation zones are done — breakout traders could be rewarded big here!
Long
by CoreCrypto1
Possible Neutral Triangle Breakout – Key Level at 11.07The chart appears to show a completed neutral triangle (a–b–c–d–e), with a breakout emerging above the upper boundary at 11.07. Wave a looks like a complex structure (possibly elongated flat or flat + zigzag). The rest of the legs are mostly zigzag forms, consistent with triangle rules. False breakdown below wave e followed by a strong reversal. MACD is confirming momentum during the breakout attempt. As long as price stays above 11.07, this breakout may be sustained. If confirmed, the next target zone could align with the height of the triangle projected upward.
NASDAQ:APLDLong
by MagicCrow
Searle Analysis Searle taking resistance from the trendline and Fib 0.382 level. It has tested the trendline and Fib 0.382 twice and got rejected. It can take support from MA100 (104) and try once again. to break the trendline. On a bigger view, it is making a symmetric triangle. Once it breaks this triangle, price will move towards next levels. Target as per symmetric triangle can be 227 - 230 (Fib 0.786 level). However, this may take some time and fundamental turn around will drive it.
PSX:SEARLLong
by Forever-Learner
Tesla’s Breakout Test: Impulse or Fakeout?Tesla’s recent price action is stirring interest again, not just for retail traders but also for chart technicians who track Elliott Wave structures across global equities. After a deep corrective phase that carried price down from 488.54 to 217.02 , Tesla has been carving out a multi-layered corrective structure. Here’s the breakdown: Wave W completed into 217.02 , marking a sharp low. This was followed by a complex X wave , which included an expanded flat where the B-wave unfolded as a triangle — a rare but valid corrective formation. Wave Y then ended with a contracting triangle, neatly completing the W–X–Y correction near 297.82 . From that point, Tesla appears to have begun an impulsive sequence: Wave 1 and 2 are already visible, with the 297.82 low as the key invalidation level. A decisive break and close above 367.71 would confirm the onset of Wave 3, targeting 397.38 (1.618× Wave 1). Momentum is supporting the structure: RSI has reclaimed the 50 level, hinting at renewed strength. What Next? If the count holds, Tesla could be in the early stages of a larger impulsive rally, with Wave 1/A projecting toward the 400–420 zone . However, traders should remember that breaking below 297.82 invalidates the impulsive outlook and revives the broader corrective scenario. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NASDAQ:TSLALong
by WaveXplorer
GOLD → Consolidation and news. What are the chances for growth?FX:XAUUSD is consolidating in a symmetrical triangle pattern. Market uncertainty remains high. The global trend is bullish, while the local trend is neutral. What can we expect from gold? Gold is falling ahead of Powell's speech in Jackson Hole. The dollar is strengthening on strong US economic data (housing sales and PMI growth), which reduces the likelihood of an early easing of Fed policy. Key factors: Powell may confirm a cautious approach to rate cuts. The probability of a rate cut in September has fallen to 75%. The rise of the dollar as a “safe haven” is putting pressure on gold Scenarios after the speech: Hawkish tone from Powell → dollar rises → gold falls below $3300. Soft signal → dollar correction → gold recovery Technically , the gold casino continues and it is difficult to determine in advance which way the symmetrical triangle will break, but if we bet on a bullish trend and the likelihood of an imminent interest rate cut, the most likely scenario is a rebound from the support zone followed by a breakout of resistance and a rise to local levels Resistance levels: 3350, 3358, 3370 Support levels: 3323, 3320, 3315 A false breakout of the key support level, which is being defended quite aggressively by the bulls, could trigger an active recovery phase. However, it is important to keep an eye on Powell's speech, as well as Trump's, who will also be commenting this afternoon. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
10
PENDLEUSDT → Retest of the 5.0 liquidity zone before rising to 7BINANCE:PENDLEUSDT is still consolidating, but is preparing to enter a correction phase, which could be triggered by a breakdown the 5.23 support level. Correction is a vital stage for further growth. Bitcoin has entered a correction phase, which in turn is triggering a correction in altcoins. PENDLE is testing support at 5.23, and a break of this support level, which is already being tested for the sixth time, could trigger a price decline to the liquidity zone of 5.01 - 4.72 PENDLE looks quite positive in the medium term, the coin is strong and continues to form a bullish trend. The current correction is aimed at accumulating potential before continuing growth, which may resume after retesting the support zone. Resistance levels: 5.833, 6.42 Support levels: 5.23, 5.013, 4.719 On the weekly chart, PENDLE is consolidating above the strong support level of 5.013. As part of the correction, the market may confirm this support and continue its growth towards the ATH from the mirror level. Best regards, R. Linda!
Long
by RLinda
7
$CLSK Looks like XRP at $0.4 before the move to $3NASDAQ:CLSK is hated right now as much as XRP was when it ranged between $0.4-$0.8 for 4 years before it when ballistic. CRYPTOCAP:XRP printed a huge macro triangle similar to what I have identified here for CLSK which looks complete at the triangle EQ, where wave E is expected to terminate! This finds confluence with the High Volume Node and 0.5 Fibonacci retracement. Quadruple resistance lies ahead of the weekly 200EMA, major High Volume Node, weekly pivot point and descending resistance boundary, tested multiple times weakening the point. This built up pressure could provide an explosive move to price discovery. I have left my alternative motif wave count on their as a secondary count (1-2) with similar targets. RSI is at the channel EQ so plenty of upside left. Analysis is invalidated below $6.05. Safe trading
NASDAQ:CLSK
by Maddox_Metrics
1
XAUUSD Long Thesis: Triangle Support Bounce to Target 3380Hello, traders! The recent history of the XAUUSD price auction has been defined by the establishment of two major pivot points, which have set the boundaries for the current market structure. A significant pivot point low was formed near the 3300 demand zone, which initiated a rally that was subsequently capped by a pivot point high at the 3390 supply zone. This sequence has transitioned the market from a directional phase into a period of balance and consolidation. Currently, XAU is consolidating within a large symmetrical triangle, a pattern signifying equilibrium and contracting volatility. The price is being methodically squeezed between a descending supply line and an ascending demand line, indicating that energy is building for a significant move. The market is now in a corrective pullback, heading towards the ascending demand line for what is expected to be a critical test of buyers' resolve in this structure. The working hypothesis is a long scenario based on a successful defense of the triangle's lower boundary. It is anticipated that the price will complete its corrective dip and test the ascending demand line, which originates from the 3315 demand zone. A confirmed bounce from this dynamic line would validate the pattern's integrity and trigger an upward rotation. The take-profit is therefore set at 3380. Manage your risk!
FOREXCOM:XAUUSDLong
by heniitrading
2
BTCUSD Long Thesis: Awaiting Reversal for a Target of 118000Hello, traders! The market structure for BTCUSD was redefined by a reversal from the prior descending channel. A bullish initiative from the pivot point low near 112000 shifted the balance of power, with the subsequent impulse creating a new high at the 122500 supply zone. This action set the boundaries for the current consolidation phase. Currently, BTC is consolidating within a large symmetrical triangle, a pattern of contracting volatility. The price auction is being squeezed between the descending supply line and the ascending demand line. The market is now at a critical juncture, testing the integrity of the horizontal demand zone around 113000, the primary area of control for buyers. The working hypothesis is a long scenario based on a potential liquidity grab. It is anticipated that the price may briefly dip into the 113000 - 112000 demand zone before a sharp bullish reversal. A swift reclaim of the 113000 level would be the key confirmation. Such a reversal is expected to initiate a full rotation towards the upper boundary, with the take-profit set at 118500, a logical target representing a significant area of prior price interaction. Manage your risk!
BINANCE:BTCUSDLong
by heniitrading
5
KERNELUSDT – Symmetrical Triangle Breakout!KERNELUSDT has been consolidating within a symmetrical triangle pattern on the daily chart, showing a battle between buyers and sellers after a strong uptrend. Recently, price has started breaking above the upper trendline, which could indicate the beginning of a fresh bullish move. Pattern: Symmetrical Triangle Entry Zone: Around current breakout levels (~0.24–0.25 USDT) Target Zone: $0.5 - $1.00 Stop-Loss: Below 0.19 USDT (recent support) Cheers Hexa
Long
by HexaTrades
Bitcoin will bounce from buyer zone and start to growHello traders, I want share with you my opinion about Bitcoin. The broader market context for Bitcoin has been one of prolonged and volatile consolidation, with price action largely contained between two dominant control zones: a major seller zone capping rallies near 120000 and a foundational buyer zone providing strong support around 112000. After the most recent rejection from the upper boundary, the asset has undergone a significant downward correction, which has taken the shape of a smaller descending triangle. Currently, the price has reached a critical inflection point, as it is testing the apex of this triangle directly at the major horizontal support level of 112000. The primary working hypothesis is a long scenario, which anticipates that the strong historical demand within the buyer zone will absorb the recent selling pressure and initiate a powerful rebound. This rebound is expected to be strong enough to cause a breakout from the descending triangle, signaling a shift in short-term momentum. The scenario further anticipates a brief retest of the broken triangle's resistance line from above to confirm it as new support. Following a successful retest, the path would be clear for a continued rally. Therefore, the tp for this move is logically placed at the 117000 level. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:BTCUSDLong
by LegionQ8
14
LDOUSDT → Hunting for liquidity ahead of a declineBINANCE:LDOUSDT.P , having failed to reach the zone of interest 1.250 - 1.233, has entered a phase of local rally or manipulation before a possible decline aimed at consolidating potential before long-term growth. Bitcoin looks weak and, after a correction, may continue to fall to the coveted target of 112 - 110K. After a strong pump, LDO has been falling for two weeks in a dump phase. In the long term, the market may test 1/2 of the bullish momentum and the strong support level of 1.179 before resuming the pump to 1.62 - 1.97. Since the opening of the session, we have been observing manipulation, the goal of which is most likely the liquidity zone of 1.36 - 1.36. The situation may end with a liquidity grab, a false breakout, and a further decline with a subsequent update of the low. Resistance levels: 1.36, 1.37, 1.44 Support levels: 1.296, 1.2614, 1.2336 Technically, the price is still consolidating and intrarange trading is likely to continue. A false breakout of resistance could trigger a decline, in which case 1.26 - 1.23 could be considered a target, while a false break of 1.17 - 1.23 could trigger a global rise. Best regards, R. Linda!
Short
by RLinda
3
ZECUSDT Daily Chart Analysis | Symmetrical Triangle BO WatchZECUSDT Daily Chart Analysis | Symmetrical Triangle Breakout Watch 🔍 Let’s dissect the ZEC/USDT daily chart, where price action is nearing a pivotal breakout from a symmetrical triangle—often a precursor to major moves when combined with rising volume. ⏳ Daily Chart Overview Zcash has been consolidating over recent weeks, forming a clear symmetrical triangle pattern bounded by converging trendlines. This pattern, characterized by lower highs and higher lows, signals that volatility is being compressed and a decisive breakout may be imminent. 🔺 Long Setup: A daily close above the $45.50 resistance, especially with strong volume, will act as a “safe trigger” and confirm breakout validity. If bulls take charge here, the next upside objectives are $55.00 followed by $73.55. Watch for volume confirmation, ideally on a 4H candle close above resistance, to further add confidence to the breakout. 📊 Key Highlights: - Symmetrical triangle pattern shows growing pressure for a directional move. - Recent price tested triangle resistance; a close above $45.50 is the bullish trigger. - Upside targets post-breakout are $55.00 and $73.55, provided volume supports the move. - Volume spike serves as crucial confirmation—don’t chase without it. 🚨 Conclusion: ZEC is coiling within a symmetrical triangle, setting the stage for potential breakout action. Bulls are watching $45.50 for a clean breakout trigger, eyeing $55 and $73.55 as next targets. Always wait for strong volume and confirmed closes before acting—symmetrical triangles can break both ways if conviction is lacking.
Long
by AtresCryptoAcademy
GOLD → Breakthrough of downward resistance, news ahead...FX:XAUUSD is recovering after a fairly prolonged decline, and there are signs of bullish sentiment on the chart, but caution is advised as important news is ahead... Gold is in a holding pattern. Its short-term fate depends on today's US economic data and, to a greater extent, on tomorrow's speech by Powell, which will set the tone for the future. The price is recovering slightly after a recent decline, but is trading cautiously. The market is awaiting the release of S&P Global's business activity indices (PMI), which will assess the strength of the US economy and influence Fed rate forecasts. Another key event of the week is the Fed chair's speech in Jackson Hole on Friday. His comments on future interest rates will determine the further movement of gold and the dollar. Technically, we are seeing a rebound from the support of a global symmetrical triangle, with bulls still in the market but waiting for further signals. Locally, we are seeing positive dynamics — a breakout of downward resistance and consolidation in the buying zone... Resistance levels: 3350, 3370 Support levels: 3331, 3315 The conditions for further growth should be a positive fundamental background and the bulls holding the price above key support. A retest of the trading range boundary (0.5f) is possible before growth. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
13