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ETH/USDT Analysis -> towards upper levelsHello guys! Currently, Ethereum is trading inside a clear ascending channel and has just formed a potential inverse head & shoulders pattern near the channel’s support. This setup gives us two possible scenarios: 🔹 Scenario 1: If ETH continues its bullish momentum and breaks above the mid-line of the channel, we could see a strong push toward $5,116, which is also aligned with the channel’s upper boundary. 🔹 Scenario 2: If ETH fails to hold above the current levels, we may first see a retracement back toward the $4,200 – $4,250 support zone (channel bottom). From there, the price can gather momentum and still aim for the $5,116 target in the bigger picture. Conclusion: Both scenarios point toward a bullish bias in the mid-term. The difference lies in whether we get a direct rally (Scenario 1) or a deeper correction before continuation (Scenario 2).
Long
by melikatrader94
32
BTC/USD Technical AnalysisHello guys! The price has broken through the last resistance level and is currently forming a Head and Shoulders (H&S) pattern. At this stage, it's unclear whether we’re seeing a reversal H&S or a continuation H&S. Here’s how to play it: 1️⃣ If the neckline breaks upwards, consider going long with a target toward the pink resistance zone. This area is key for shorts, so be prepared to flip your position here! 2️⃣ If the neckline holds as resistance, look for short opportunities targeting: $106,460 $105,250 💡 My strategy: Open half your short position now. If price moves toward the pink zone, add more shorts there for a stronger position. ⚠️ Caution: Always keep an eye on the neckline, it will determine whether we go bullish or bearish from here!
Short
by melikatrader94
16
XAU/USD Technical Outlook – Short-Term Dip, Bigger Upside AheadHello guys. It is what I see: We can see that Gold is currently trading around $3,404, consolidating after a strong bullish move inside a rising wedge formation. The wedge has now broken out to the upside, and price action is showing a potential head and shoulders pattern near the top. Head and Shoulders: The left shoulder, head, and right shoulder are clearly visible, and the neckline is sitting around the $3,399–$3,400 zone. If price dips and retests this neckline, we could see a short-term bearish move toward the target of the head and shoulders around $3,399. This is a healthy pullback after the recent rally. Bigger Picture (Wedge): Even though we might see a short-term correction, the larger wedge breakout suggests continuation to the upside. The measured target of the wedge points toward $3,430, which lines up as the next resistance level.
OANDA:XAUUSD
by melikatrader94
8
Solana Breaks into an Ascending Triangle – Bullish Continuation Hello guys! The chart shows Solana (SOL/USDT, 15m timeframe) forming a classic ascending triangle pattern during an ongoing uptrend. The upper resistance level around $206 has been tested multiple times, while the rising trendline from the bottom confirms consistent buying pressure and higher lows. This setup is a textbook bullish continuation signal, where buyers gradually squeeze sellers against a flat resistance until a breakout occurs. The breakout has already taken place, with SOL pushing above the resistance zone and heading toward the next key target around $213.75, which aligns with the projected move from the triangle’s height. As long as price holds above the broken resistance (now support), momentum favors further upside. If bulls maintain control, we could see a continuation toward higher resistance zones. However, a drop back below the rising trendline would weaken the setup and signal caution. most important levels: Support (retest zone): $206 Immediate target: $213.75 Next potential resistance: above $214 Overall, the breakout from this ascending triangle suggests bullish momentum remains strong for Solana in the short term.
BINANCE:SOLUSDLong
by melikatrader94
16