This 1-hour chart of NOT/USDT on Binance presents a well-defined Cup & Handle pattern, which is a strong bullish continuation formation. If the pattern plays out correctly, we could see an 11% price surge after a breakout above resistance. Understanding the Cup & Handle Pattern: ? The Cup: This rounded bottom structure indicates accumulation after a downtrend, signaling a shift from bearish to bullish sentiment. The market slowly builds momentum, forming higher lows. ? The Handle: After the cup formation, price faces resistance and consolidates slightly downward. This acts as a final shakeout before buyers regain control. ? Breakout Confirmation: A breakout above the yellow resistance zone (~0.002573) with strong volume would confirm the pattern, increasing the probability of a significant move. Volume confirmation is key to validate the breakout. If the price rejects resistance, further consolidation may occur before another breakout attempt. Always use proper risk management to protect your capital. ? What do you think about this setup? Drop your thoughts in the comments! Let’s grow together! ? ? Chart by @mbarzakh | Follow for more trading insights and updates!
Analysis of my main pair AUDUSD, last week resulted in the bears taking over and my analysis explains why my bias is bearish going into the new week. Not much volatile news except for Unemployment Claims on Thursday. Let me know what you guys think, your analysis, and if you want to see anything else! Goodluck this week traders, let's kill it.
XAU/USD (Gold Spot vs. U.S. Dollar) Technical Analysis - 1H Chart 1. Price Action & Trend Analysis The market has been in a strong uptrend, characterized by higher highs and higher lows. Recently, the price faced resistance near the $3,040 level, leading to a rejection. A pullback is currently in progress, suggesting a possible retracement to a demand zone. 2. Key Levels Resistance Zone (Supply Zone): Around $3,040 - $3,045 where price has been rejected multiple times. Support Zone (Demand Zone): Around $3,000 - $3,005, a previous accumulation area. Current Price: $3,023.695 3. Market Structure & Expected Move The price tested the resistance zone, failed to break above, and is now reacting downward. A bearish projection (as shown in the chart) suggests a potential move toward the $3,000 - $3,005 support zone. If the price reaches this level and finds buying pressure, we could see a reversal or continuation of the uptrend. 4. Indicators & Confluence Factors Support-Resistance Flip: The previous support at $3,000 could act as a strong support again. Bearish Momentum: Short-term price action suggests sellers are gaining control after rejection at resistance. Liquidity Zones: The highlighted purple zones represent institutional order blocks where significant buy/sell orders exist. 5. Trading Plan & Strategy Bearish Scenario: If price breaks below $3,000, we could see further downside pressure. Bullish Scenario: A bounce from $3,000 could provide buying opportunities for another attempt at breaking $3,040. 6. Conclusion The market is currently retracing from resistance, and a short-term bearish move is expected toward $3,000. Traders should watch for price reaction at $3,000 to determine if it holds as support or breaks for further downside.
Price hitting strong resistance after a steep decline. RSI below 20, showing oversold conditions. VWAP moving up, but money flow needs to step in. Watching for a breakout or rejection—what do you think?
This is a relatively healthy rebound. After breaking through the first resistance, it slowly rose to the second resistance, where it has been tested many times. The current shape is good and there is room for further rise. Therefore, in the current transaction, it is recommended to take long as an important reference direction, and the target is near the resistance of 86K. When the price rises to this point, the market is likely to confirm the validity of the area near the 85K support. If the support is confirmed to be valid, the price may rise to 86.8K-88K.
The price looks to make a bullish move to the upside WE ONLY TRADE PULLBACKS So, I've started exploring scalping using the same method of breakout pullback and impulse, let's see how i do this week, ill post every trade
A support identified below,where price has previously found buying interest. A potential bearish move downtrend,with an expeceted pullback before further decline . A rectangular zone highlights the possible consolidation before a downward move.
Feel free to wait for a pullback to the second entry or market execute. This sell should play out within the week. Happy Trading!!!
It is looking weak now. I have used Trend, chart pattern & other analysis and came to this target. Results is there in the next week.
I expect the price to drop back to 2993-2997 after that i hope to see new high levels.