? BEAR TRAP in SPY? After a sharp correction, SPY is showing a possible Bear Trap formation — right at the zone where the market often catches short sellers off guard. ? The pattern resembles the "First Sentiment Extreme" > Shakeout > Bear Trap phase from the classic market psychology cycle (see inset chart). ? Supporting signs: RSI bouncing off oversold territory (currently at 49.32) MACD showing a bullish crossover forming A strong bounce after a panic flush If this is indeed a bear trap... ? we could be at the early stage of renewed optimism. The next few candles are crucial — confirmation could ignite a sharp reversal. ? Don’t chase. Wait for confirmation. But stay alert.
Dow Jones is currently attempting to continue its bullish resurgence, but has failed to do so by failing to stabilise above 40,883. As long as price action is under the 40k mark, the points may likely retest the previous support barriers, situated between 39,500 and 38,750, as likely bullish catalysts for a long opportunity. However, by failing to go down, breaking, and stabilising above 40,883, the price may continue going up, targeting 42,600 and 42,000.
ETH/SPX showing weakening pattern forming around a top formation, that is bullish for ETH ETH is about to break a pattern that is here since January 2025.
https://www.tradingview.com/x/byOUok9q/ Bitcoin is consolidating for 5 days within a narrow range on a daily. Today's Powell speech can be a trigger for a strong bullish/bearish movement. Depending on the today's rhetorics, here are potential scenarios. Bullish If the price breaks and closes above the resistance of the range (86500), we can expect upward movement to 87500 resistance. Bearish If the price breaks and closes below the support of the range (82500), Bitcoin may drop way lower and reach 79600 level. Wait for a breakout and then follow the market. ❤️Please, support my work with like, thank you!❤️
This coin has a strong volume zone between $0.155–$0.1485, where signs of a large player have been observed multiple times. On a broader scale, we’ve already broken the short trend, so we may now continue moving toward new highs. We’re considering a long position upon a test and reaction from the mentioned zone, with an initial target of $0.17. This post is not financial advice.
#ICP has seen a complicated decline since March 2024. As long as it holds above $2.84, this bearish trend remains as a corrective wave. Passing $15.59 confirms a shift in trend toward higher targets. #InternetComputer
Hello everyone! This is CryptoRobotics’ trader-analyst with your daily market update. Yesterday, Bitcoin followed our primary short scenario and reached the local low, where we spotted a market seller — visible through the bar’s delta. Currently, we’re trading within a clear sideways range. The previously mentioned $84,700 level showed no buying reaction, so we now expect potential selling activity around that zone if the price returns there. Our main expectation is a breakdown of the lower boundary of the range, followed by a test of the nearest buy zone. Sell Zones: $85,000–$86,200 (strong market seller), $85,600–$88,000 (absorption of aggressive buying), $95,000–$96,700 (accumulated volume), $97,500–$98,400 (pushing volumes), $107,000–$109,000 (volume anomalies). Buy Zones: $82,700–$81,400 (volume zone), Level at $74,800, $69,000–$60,600 (accumulated volume). What do you think — which direction will this sideways range break? Drop your thoughts in the comments — it’s always interesting to compare perspectives! This post is not financial advice.
Here’s my updated resistance zone analysis for GBP/USD, combining all the technical and fundamental data: Resistance Levels & Why They Matter 1.3265 – Immediate Resistance GBP/USD tested this level today, and it acted as a short-term barrier. This level aligns with recent swing highs and pivot point calculations, making it a key area where sellers may step in. 1.3305 – Next Resistance Zone If price breaks above 1.3265, the next resistance is around 1.3305, based on historical price action and pivot analysis. This level has previously acted as a turning point, meaning traders may look to take profit or enter short positions here. 1.3430 – Stronger Resistance This level was identified in recent market analysis as a former multi-month high. If GBP/USD continues its bullish momentum, this could be a major resistance zone where price struggles to push higher. 1.3640 – Long-Term Resistance Target If GBP/USD breaks above 1.3430, the next major resistance sits at 1.3640, which has historically been a strong reversal point. This level represents a significant psychological barrier, where traders may reassess the trend direction. How I Derived These Levels Price Action Review: I analyzed recent swing highs and lows to identify key turning points. Pivot Point Calculations: Using the formula (High + Low + Close)/3, I confirmed resistance zones that align with historical price behavior. Market Analysis: External sources also highlighted 1.3430 and 1.3640 as critical resistance levels2. Moving Averages & Trendlines: These levels coincide with key moving averages, reinforcing their importance. Final Thoughts With GBP/USD currently at 1.32464, I’m watching 1.3265 as the immediate resistance. If price breaks above that, 1.3305 is the next target, followed by 1.3430 and 1.3640 for longer-term moves. These levels are based on a combination of technical indicators, price action, and external market analysis. PLEASE BE ADVISED THAT THINGS CAN CHANGE..! PLEASE FOLLOW MY ANALYSIS TO OBTAIN ANY UPDATED INFO REGARDING GBPUSD.
Uniswap coin made some great moves lately, where we reached our target and also saw a breakdown of the local support zone, which now is acting as a resistance zone. We caught here 3 possible trades, where the one we most want to see is the short position on the hourly timeframe. More in-depth info is in the video—enjoy! Swallow Academy
Price currently trade at a low level of 142.640 I anticipate a further decline in price to a possible pullback support level of 136.927 a sell opportunity is envisaged from the current market price.