PEOPLEUSDTWe can attempt to buy PEOPLEUSDT from specified level as it break LH ,also trading double bottom (reversal pattern) , also bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
Double Top or Bottom
Do you think the Gold's reverse HS will breakout.It will be an interesting week for XAUUSD.
1. **Key Level 2330**: This level is crucial as it could initiate a chain reaction. A break here would confirm a double bottom "W".
2. **Possible Breakout**: Gold has been in a downward channel since May 20th. A breakout above the blue line would complete the Reverse Head and Shoulders formation at TP level 2365.
Technically, it’s structured for a move to 2365. However, with significant economic news this week, including the Fed Chair's speech on Tuesday, caution is advised.
IBIT - IdeaHey Guys,
Just wanted to show a chart / Idea for possible bounce areas.
I would like to see a break of the trendline to think about going long.
Thanks for reading…
Sweep these bottoms, big pumperAll based on technicals and not fundamentals.
Large volume and divergences tell me we will see a pump, along with option calls holding there value regardless of todays large drop. Means there is interest and buying of them.
Small cap June is here and large caps will do nothing.
NZDUSD double top pattern has formedOn the daily chart, NZDUSD has formed a double top pattern, and the short-term bearish trend is obvious. At present, we can pay attention to the resistance near 0.6100. If the rebound encounters resistance, we can continue to sell, and the downward target is around 0.6000.
if you missed the rally up...Now is time to go down. Bearish flag after a double top. Continuation pattern to the its way down. I'd buy puts instead of shorting, it could spike up hard and and use a lot leverage if you short it. Give it time, like 4 or 5 weeks.
EURJPY: To The New Highs 🇪🇺🇯🇵
EURJPY broke and closed above a key daily resistance.
Retesting the broken structure, the price formed a double bottom
formation on that and violated its neckline then.
That confirms a strong bullish sentiment on the market.
The price will most likely rearch 172.0 level soon.
❤️Please, support my work with like, thank you!❤️
NZDCAD - Bearish Double TOP Hello Traders !
On Wednesday 5 June, The NZDCAD reached a resistance level (0.84798 - 0.85396).
The price formed a double top pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
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TARGET: 0.82620🎯
BITCOINHi guys
If the support range of $65,800 is consumed, the possibility of completing the double top pattern and a downward trend will be strengthened.
It is likely that the announced data will be the driver of this downward trend if it is announced more than expected.
Considering the maintenance of the resistance range, the possibility of continuing the upward trend is weak, and it should be seen how Bitcoin reacts to the specified support range.
What do you think?
XAU-USD
The chart for Silver/US Dollar (XAG/USD) on a daily timeframe shows a bullish "Double Bottom" pattern around the 28.60 USD level, indicating potential reversal of the recent downtrend. This pattern suggests strong support, as the price has bounced off this level twice. The current price is approximately 29.038 USD.
A significant resistance level is identified around 32.00 USD, where the price has previously faced selling pressure. If the price breaks above this resistance, it could signal further upward momentum. The chart projects an upward movement towards this resistance, represented by a yellow arrow, suggesting that the price might initially face resistance but is expected to rise.
Historical support around 26.00 USD is also highlighted, providing context for potential price movements. The yellow and red highlighted areas mark these critical support and resistance zones.
In summary, the chart indicates a bullish outlook for XAG/USD, supported by the double bottom pattern and strong support at 28.60 USD. The key resistance level to watch is 32.00 USD. Traders should monitor the support at 28.60 USD to confirm the double bottom pattern and potential upward trajectory.
M Double tops is on the map This is what I'm looking at for BTC at the moment. Double Tops are in the back of my mind, keeping an eye on that neckline. It could be a Higher Low, but there could be a Liquidity grab in the scope, printing a Lower Low.
in overall This is a healthy correction in my opinion. Check the grey % measured from the top to the EMA 50.
Somehow, the good corrections always come with a dose of FUD.
What if... we lose the EMA 50 on the week ? Well then my next stop could be $43568.85 as in a bullish breaker block on a higher time frame.
BTC scenario updateIndicators:
🔻4h RSI & MACD Convergence that mentioned before: Broken 📉
🔻Volume: We fell below the monthly pivot S3 on high volume.
Support Levels:
🔼58k-$55k
🔼$$52-53k
1W Double Top Scenario:
Today's close is crucial. So far, it doesn't look like a reversal.
📉In my opinion there's a 40-50% chance we might see a double top scare with a bounce from $52-53k.
ETHUSDT 5 days away?Accumulation takes about 4 months as per you can see on the charts, and now we are 5 days away from reaching the 4 months...
My AVWAP is about to touch resistance around the 1,900, and the short volume its on a decline, but RSI its on the overbought side.
Is a bullish period about to come?
What are your thoughts?
EURUSD potential double bottom patternOn the 4-hour chart, EURUSD has formed a potential double bottom pattern, and the upside risk in the future market is relatively high. The current support below is around 1.0720. If it falls back and stabilizes, you can consider going long. If the price breaks through the resistance near 1.0761, it will continue to rise, and the upward target will be around 1.0831. If the market reaches around 1.0831, you can pay attention to the potential bearish bat pattern.
Possible Double-Top Targeting 60-63kIf 67k is lost and not reclaimed, Bitcoin may target a drop down to ~63k and then 60-61k (around 60.6k).
This relates to a couple of other charts previously posted:
A smaller double-top on the 4 hour chart that is already confirmed and hit TP 1, which is likely headed towards TP 2:
A daily chart that is targeting 73-75k if it can hold 60k:
XAUUSD 600 PIPS IDEAXAUUSD is showing bullish signs overall, but a closer look at the lower time frames tells a different story. On the H4, there's a clear double top, and the H1 chart is displaying a head and shoulders pattern. Currently, the price action is forming yet another head and shoulders. If this pattern completes, it could be an excellent signal to enter sell positions. Remember, no reversals, no trade! Stay alert and keep watching those charts.
BITCOIN - BEARISH DOUBLE TOPHello Traders !
The Bitcoin Price formed a new double top pattern.
At the moment, Th neckline is broken !
The support line is also broken !
So, I predict a bearish move📉
_________
TARGET: 62050.00🎯
$BTC UpdateI've got a good feeling about the #crypto market in the coming days.
The double top played out well, and the price is now hovering near $63,000. We’re also close to the monthly S3.
On the 4H timeframe, there’s a clear convergence (4x magnified). If a reversal is going to happen, it should be from this price range. If this convergence plays out, we could see a quick move back to $67,000, and possibly $69,500.
—
🔴 We can't stay here too long; we need to break back above $65,000 or risk another drop of 6-15%, potentially down to $53,000.
Short Gold (Asia)After gold made a breakout buy last week, now is the time for gold to retest. Apart from that, on TF H1 there is a lower base that has been broken out and a short M pattern is visible.
Stock of the Week: Whirlpool of India with Consistent Dividends
Fundamental Analysis:
NSE:WHIRLPOOL Whirlpool of India has shown consistent financial strength, making it a top pick for this week. The company has maintained higher dividends for the past seven years, highlighting its commitment to returning value to shareholders. As a prominent player in the household consumables sector, Whirlpool benefits from strong market positioning. Additionally, its liquid assets exceed any obligations, ensuring financial stability and flexibility.
Technical Analysis:
From a technical perspective, NSE:WHIRLPOOL Whirlpool of India is exhibiting a bullish double bottom pattern, which is a strong indicator of potential upward movement. The stock is currently in a buying zone, following a significant two-year breakout on the back of NSE:HINDUNILVR HUL news. This breakout is supported by higher relative strength compared to the broader market and a good volume range, indicating robust investor interest.
Trade Setup :
• Entry: Buy in the buying zone indicated in the chart
• Stop Loss: 1630.15
• Potential Upside: 2553 (35-40%)
Apollo hospitalApollo hospital made double bottom pattern and showing breakout from trendline.
Expected to move upward from this.
You can take trendline as a support.
BEARISH PRICE ACTION ON BITCOINBITSTAMP:BTCUSD made a new all time high to the 73k breaking the previous ATH of 2021 and from the new ATH, we have seen a 12% drop for the price of Bitcoin.
If we take a proper look at the price action of #BTC on the weekly time frame(TF), we can notice a double top formation which is a bearish pattern in price action. Also, we can see that Bitcoin is trading at the premium area which is not a nice idea to buy BTC at this point, what we should be expecting from BITSTAMP:BTCUSD right now is a 30% drop to the 50k to 45k area for a proper support and for price to fill all the imbalance it left behind before we can start looking for our buy entries. Again if we use our Fib tool taking from the recent high to the 38k level we can see that the 61.8% levels lays perfectly well at the 50k area.
From my point of view what am expecting from BTC now is a retest of the 66k to the 67k price levels before we can see a continuation to the downside let pay close attention to this price action in other to save. Indicator wise we can see that the MACD on the weekly time frame is reducing momentum to the down side which is not a good sign for BTC.
