Long term global trend line being tested twice. RSI breakdown. If support line breaks, quite some downside possible?
? Analysis: Bitcoin is currently displaying signs of a potential Inverse Cup and Handle pattern on the daily timeframe — a bearish continuation structure that often signals a shift in market sentiment. The rounded top has already formed, followed by a minor relief bounce resembling the handle. However, momentum appears to be fading, and the price is once again approaching the key horizontal support around $81,000. A confirmed breakdown below this level, especially on strong volume, could open the door to a deeper correction — with the next major support area likely between $60,000 and $55,000, in line with the projected move from this pattern. ? Technical Highlights: Pattern Structure: Clean inverse cup and handle forming Momentum Shift: Oscillator rolling over from overbought territory Resistance Zone: $85,000–$87,000 (potential handle rejection area) Support to Watch: $81,000 (neckline) Downside Targets: $60,000 – $55,000 if breakdown confirms.
Overview of the Chart & Market Structure The EUR/JPY daily timeframe chart presents a Triple Bottom Pattern, a powerful bullish reversal formation that suggests a potential shift in market sentiment. This pattern occurs when price tests a key support level three times and fails to break lower, indicating strong buying interest at that zone. Historically, a Triple Bottom leads to a significant trend reversal as sellers lose strength and buyers gain control. If confirmed by a breakout above resistance, this setup could provide a high-probability trading opportunity for swing traders and position traders. Key Chart Components & Price Action Analysis 1. Triple Bottom Formation The three bottoms marked on the chart represent repeated failed attempts by sellers to push the price lower: Bottom 1 (August 2024): The first rejection from the support zone (~155.000) led to a temporary bounce. Bottom 2 (October 2024): Price retested the same level, but buyers stepped in again, preventing a breakdown. Bottom 3 (March 2025): The final test of support confirmed a strong accumulation zone, setting the stage for a potential bullish breakout. In technical analysis, a Triple Bottom is considered a stronger reversal signal than a Double Bottom, as it represents prolonged buying pressure at key levels. 2. Support & Resistance Levels Support Zone (~155.086): This level has been tested multiple times and remains a solid demand zone, where buyers have consistently entered the market. Resistance Zone (~166.000): This level represents the neckline of the pattern, which must be breached to confirm a bullish reversal. Breakout Target (~179.233): If price breaks out above 166.000, the projected target is set at 179.233, based on the height of the Triple Bottom pattern. Trading Strategy & Entry Plan 1. Entry Point – Waiting for Confirmation A buy trade should be initiated ONLY after a confirmed breakout above the resistance level (~166.000). Traders should wait for a daily candle close above this level, preferably with high volume, to confirm the breakout. 2. Stop Loss Placement A stop-loss should be placed below the third bottom (support level) at 155.086 to minimize risk. This placement ensures that if price invalidates the pattern by moving below the support level, the trade is exited early. 3. Profit Target Calculation The measured move technique is applied to estimate the target. The height of the pattern (distance from support to resistance) is projected upward from the breakout point. Target price: 179.233, aligning with historical resistance. 4. Risk-to-Reward Ratio & Position Sizing The risk-to-reward ratio (RRR) for this setup is favorable, making it an attractive swing trade opportunity. Traders should adjust position sizes based on risk tolerance, ensuring proper money management principles are applied. Additional Confirmation Factors 1. Volume Analysis A breakout with increasing volume will confirm strong bullish momentum. Weak volume during breakout could indicate a false breakout, requiring caution. 2. RSI & Momentum Indicators RSI trending above 50 suggests growing bullish strength. Bullish divergence on RSI or MACD would add further confidence to the trade. 3. Retest of Resistance as Support Often, after breaking resistance, price retests the breakout level before moving higher. This could offer a secondary entry opportunity for traders who miss the initial breakout. Potential Risks & Market Conditions to Watch False Breakouts – If price fails to sustain above resistance, the pattern could be invalidated. Macroeconomic Events – Major news events, such as ECB or BOJ policy decisions, could impact EUR/JPY movement. Geopolitical Uncertainty – Unexpected events may cause volatility and deviation from technical patterns. Conclusion – High-Probability Bullish Setup The Triple Bottom Pattern in EUR/JPY is shaping up as a strong bullish reversal setup. If the price successfully breaks above 166.000, a rally toward 179.233 is expected. ? Trading Plan Recap: ✅ Entry: Buy above 166.000 (confirmed breakout). ✅ Target: 179.233 (measured move projection). ✅ Stop Loss: 155.086 (below support). ✅ Risk-Reward Ratio: Favorable for swing traders. This setup aligns well with technical and price action strategies, making it an attractive trade idea for the upcoming weeks.
Stellar or XLM is in major trouble as it fights for its life in the crypto world. If Bitcoin, Ethereum crashes - the alt market does tend to follow similar to major stock indices versus minor. And there is no exception for this. Now there are a few other reasons for Stallars downside to come including: ? 1. Crypto Market Crash A broader sell-off across crypto markets has dragged Stellar down with it. ? 2. Lack of Developer Activity Stellar is facing declining interest from developers compared to rival platforms. ? 3. Investors Moving to Bigger Coins Investors are shifting funds to Bitcoin and Ethereum for perceived stability. ? 4. Partnerships Falling Through Several high-profile partnerships have quietly ended or stalled. ? 5. Low Community Engagement Social media buzz and community activity around Stellar have hit new lows. Here are basic technicals. M Formation broke downn Price below 20MA First target to 200MA Next to $0.135 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USD will remain Bearish against CAD. USD has been weakest against CAD for the last 2 months and will continue.
Looks like the starting of "Major Correction" If the price goes above $93k, there are chances CRYPTOCAP:BTC could make a new ATH, if not 40s seem to be the bottom before the next rally. Neutral Thoughts.
This chart compares the NASDAQ 100 (NDX) to the M2 Money Supply, revealing a potentially critical inflection point. The NDX/M2 ratio has reached levels not seen since the dot-com bubble — and now appears to be forming a textbook double top.
Entry point is identical to the entry point of the first idea publication for this asset. The entry point is amazing in both the medium and long term. The entry point is very gud. This is entry point, sirs. Prepare your bags. Thanks.
Elliott wave pattern for gold price: gold continues to rise to new highs, but the end and top zone is approaching: - I think the price tops around 3100-3120 and there will be a very strong correction after the top
The pair was rejected by strong gray resistance, with bearish RSI divergence. The ascending wedge (green trendlines), is also about to be broken. Higher probability is for another leg down, initially targeting recent lows around 101.