Chart_Champ1

Chart_Champ1

Bitcoin is currently trading within a flat channel on the daily chart, exhibiting a slight downward trend. A clear resistance area is visible at 102,000, which is expected to trigger a reversal, potentially leading to a significant downturn. Trade Setup: - Entry Zone: 102,000 - 102,500 - Stop Loss: 103,300 - Take Profit Levels: TP1: 100,000 TP2: 98,000 TP3: 96,000

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Gold's price action on the 2-hour time frame is quite interesting, with the precious metal respecting the resistance line twice and the support line three times. Currently, gold is trending towards the resistance line, and the upcoming CPI release is expected to push gold up to 2710 However, be cautious, as a "big waterfall" might be looming thereafter. This...

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A bullish CHoCH (Change of Character) pattern has been observed in XAG/USD after several BOSES (Break Of Structures) indicating a potential trend reversal from downward to upward. A valid Order Block has been identified, and the current price is slightly above it. The market is attempting to fill the Fair Value Gap (FVG), presenting a buying opportunity. Buy...

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The EUR/USD pair is trading within a downward trend, confined within a parallel channel on the 4-hour chart. The channel's strong inclined resistance and support lines have been dictating the price action. (Current Market Scenario) The pair has reached the resistance line of the channel and has experienced a reversal, indicating a potential move towards the...

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A key support line, which has consistently triggered reversals in gold since March 2024, is once again within reach. With gold prices currently hovering near this critical level, a rebound is likely. Market Analysis: - Geopolitical tensions and trade war fears are supporting gold prices. - Hawkish Fed outlook is capping gains. Trading Strategy: Signal: BUY GOLD...

Chart_Champ1

Tesla is trending upward within a parallel channel, showing a strong bullish bias. The stock has experienced two rejections from the inclined resistance line and two bounces from the inclined support line. (Current Market Scenario) Tesla is currently retesting the support line for a potential reversal and a significant upward move. (Technical Indicators Support...

Chart_Champ1

A significant shift in Bitcoin's trend has been observed, as the upward parallel channel has given way to a top-bottom flat channel. This change in trend direction is clearly captured in the chart patterns. Currently, Bitcoin is testing the support line of the newly formed top-bottom flat channel. A reversal from this level could spark a substantial upward move....

Chart_Champ1

A well-defined cup and handle pattern has emerged on the 4-hour USDJPY chart, signaling a potential reversal and buying opportunity Market Analysis The pair has been consolidating within a distinct range, forming a cup-shaped correction. A bullish handle has formed, indicated a potential upside breakout. The hawkish Fed outlook and rising US yields continue to...

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Bitcoin Price Analysis: A Selling Opportunity Amidst Market Volatility The Bitcoin price has been moving within an upward parallel channel, characterized by inclined support and resistance lines. Notably, the trend has reversed three times from the support line and twice from the resistance line. Currently, the trend is testing the resistance line, where we...

Chart_Champ1

(Chart Analysis on H4 T.F) The gold price has been trading within a flat top and bottom channel, indicating a period of consolidation. A strong horizontal resistance line and an inclined support line are visible on the chart. Notably, the trend has reversed three times from the resistance line and twice from the support line. Currently, the trend is testing the...