Bullish Breakout Scenario (Reversal):Alternative Idea: Instead of reversing at the strong selling zone, GBP/USD could break above the resistance level at 1.2940 and continue upward.Trigger: If strong bullish momentum emerges
Technical AnalysisTrade Setup:A long position has been placed, likely anticipating a breakout from a key resistance level.Entry Point: Near $86,148, positioned around a previous consolidation area.Stop-Loss (SL): Set near $83,188,
Support and Resistance Levels:Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety
Before anything else, you should know that this token is on Binance’s Red List (at risk of being delisted) and carries its own specific risks.After entering a corrective phase, JASMY
Bitcoin is currently showing signs of a potential breakout from a strong falling wedge pattern on the 4H chart, which is a classic bullish reversal signal. Technical Highlights:The falling wedge
Support and Resistance Levels:Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety
Support and Resistance Levels:Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety
Last Friday, gold rebounded to near resistance. Although the indicator in the 30M level chart shows that there is still some rebound momentum, the space is not very large, because
Support and Resistance Levels:Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety
Here is my latest structure analysis for EURUSD;Resistance 1: 1.0944 - 1.0955 areaSupport 1: 1.0804 - 1.0834 areaSupport 2: 1.0598 - 1.0630 areaSupport 3: 1.0515 - 1.0533 areaSupport 4: 1.0359