Back in 2021, the #H&S pattern appeared around the $4,800 level, and we explained that the target would be $890. Today, I also showed this in my video…
The same scenario formed again in recent months, again around $4,800, as I explained.
The main target of the pattern has reached the $2,650–$2,700 zone with a precise touch.
In my new #video tonight, I detailed what could happen next for #ETH.
📌 In my view:
For the #ETHBTC tc pair, the critical level is 0.30. Take note of 0.25.
The index is searching for direction. During upward attempts, profit-taking occurs and volume is weak. This indicates that the market will likely remain range-bound and volatile.
Positive scenario: If U.S. interest rates and CDS decline, foreign inflows could push the index higher.
Negative scenario: If global risk aversion increases and the DXY strengthens, the correction may deepen.
Overall picture: Rather than a strong index-wide trend, selective, stock-specific movements are dominating.
If the #ETH retest is successful, it could go up to $3000 — the chart shows that.
I think they will push it a bit higher first, and then we may revisit the bottom levels again.
However, another factor is that for weeks now, they have been making Mondays start positively, and then pushing the price down on Tuesday and Wednesday.
GM $BTC. Daily and 12h already hinting at crossing back down. Maybe we do have to wait for the W to cross or maybe the bear market is confirmed. Better do something before the weekend starts or it will be a sad end of the year.
This is my current analysis. Support is at 4130, and resistance is at 4180.
We can wait for the market to consolidate in the 4150-4140 range before buying again. The resistance level to watch is 4180. If gold fails to break through this level, it will likely fall; if it breaks through, it will rise to 4210.
This is my current analysis. If you like it, please like and follow.
#DXY Update Analysis Price has swept the upside liquidity and is showing exhaustion at the 100.20–100.50 premium zone. Trade Idea Entry: 100.20–100.30 sell zone SL: 100.55 TP: 99.60 / 99.30 (full targets)
#XAUUSD (Update)...!! Price is currently pulling back into the trendline support and FVG zone (4135–4130) We will only execute a buy trade once we get a strong bullish candle confirmation inside this FVG area. –After a confirmed bullish close, we will take a safe buy entry aiming for the break of the weak high and a move toward 4280+ Until then, we wait patiently no confirmation, no entry 🙂