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XAU/USD) orderblok key Support Analysis Read The ChaptianSMC Trading point update technical analysis of Gold Spot against USD (XAUUSD) on the 1-hour timeframe. Here's a breakdown of the key ideas presented: Chart Analysis Summary: 1. Price Zones: Supply Zone (Resistance): Around the 3,355–3,365 level. Demand/Support Zone (Doer Block Support Level): Around 3,282–3,291. 2. Current Price Action: Price is currently at $3,331.96, close to the supply zone, and bouncing between the zones. There’s a sharp downtrend, which seems to be slowing down near the support level. 3. Projected Move: The chart suggests a short-term dip back into the demand/support zone, followed by a bullish reversal. Target Point: A move back up toward $3,498.36, which is marked as a significant resistance. 4. Technical Indicators: RSI (Relative Strength Index): Currently around 36.64 and recovering, suggesting potential bullish divergence or an oversold condition. 200 EMA: Around $3,291.52, providing dynamic support — aligning with the lower demand zone. Mr SMC Trading point Trade Idea: Buy Setup (Long Trade): Entry: Near 3,282–3,291 (support zone). Target: 3,498.36. Stop Loss: Below the support zone (~3,270). Overall Idea: This is a reversal-based setup. The price is expected to retest the support before launching a bullish leg toward the target. The confluence of the EMA, support zone, and RSI near oversold adds weight to the potential for a bounce. Pelas support boost 🚀 analysis follow)
FX:XAUUSDLong
by SMC-Trading-Point
1
BTC/USD) breakout up trand analysis Read The ChaptianMr SMC Trading point update bullish analysis of Bitcoin (BTC/USD) on the 4-hour timeframe, showing a potential breakout and rally scenario. breakdown: --- 1. Market Structure: Downtrend Channel: Price has been moving within a falling channel. Double Bottom Pattern: Marked by two green arrows — a bullish reversal signal. Breakout Attempt: Price is testing the upper trendline and 200 EMA (~$83,952), suggesting possible breakout. --- 2. Key Zones: FVG (Fair Value Gap): Around $78,678 — a demand zone where price could retest before moving higher. Breakout Confirmation Zone: ~$85,130 — breaking above this with volume signals strength. Target Point: $95,206 — an upside target projecting ~31.77% gain from the breakout. --- 3. Indicators: 200 EMA: Currently acting as resistance. Break above it confirms bullish momentum. RSI: Around 60 — pointing upward with bullish divergence from recent lows, showing increasing buying pressure. --- 4. Scenarios: Scenario 1 (Bullish Continuation): Breaks above trendline and 200 EMA. Retest (optional) and then heads toward $95,206 target. Scenario 2 (Retest First): Price dips into the FVG/demand zone. Finds support and launches upwards, confirming a strong base. Mr SMC Trading point --- Summary of the Idea: This is a buy setup on breakout or on pullback: Aggressive Entry: Break and close above $85,130. Safe Entry: Pullback into $78,678 area (FVG). Target: $95,206 Risk Zone: Below $78,000 (invalidates bullish structure). Pales support boost 🚀 analysis follow)
BITSTAMP:BTCUSDLong
by SMC-Trading-Point
9
AXISBANK – Classic Cup & Handle Breakout | Targeting 1280 & 1320🧠 Technical Analysis: AXISBANK has formed a textbook Cup and Handle pattern over the past few months. The breakout above the resistance zone around ₹1199 marks a potential start of a new bullish rally. 🔹 Cup Formation: Rounded bottom between Dec 2024 - Apr 2025 🔹 Handle Formation: Consolidation range in Oct - Dec 2024 🔹 Breakout Candle: Strong bullish candle with increasing volume 🔹 200 EMA: Price is now well above the 200 EMA, adding to the bullish bias 🎯 Targets: Target 1: ₹1280 Target 2: ₹1320 These levels are based on the measured move technique and previous swing highs. 🛡️ Support: Immediate support lies around the breakout zone near ₹1199 Next strong support is near ₹1090 (200 EMA) 📊 Volume: Breakout accompanied by a surge in volume confirms buyer interest and validates the pattern. 📌 Conclusion: AXISBANK is showing strong bullish momentum with a confirmed breakout from a well-defined Cup and Handle formation. As long as it sustains above ₹1199, the stock could potentially rally toward ₹1280 and ₹1320 in the coming sessions. 📅 Keep it on your radar for bullish continuation setups! Disclaimer: This analysis is shared purely for educational and informational purposes and should not be considered as financial advice or a recommendation to buy or sell any security. Always do your own research and consult with a qualified financial advisor before making any investment decisions. Trading and investing involve risk.
NSE:AXISBANKLong
by jeet20
AUD/USD) Resistance level pullback Short Read The ChaptianSMC Trading point update analysis of the AUD/USD pair on the 2-hour timeframe, showing a possible bearish setup. Here's a breakdown of the idea behind it: Key Observations: 1. Current Trend: The pair was in an uptrend, as indicated by the rising channel (parallel trendlines). However, it has now broken out of that channel. 2. Resistance Level: The price has reached a resistance zone around 0.64000, and it seems to be rejecting this level. 3. 2 Timeframe Demand Zone: Around the 0.63300 – 0.63400 range, this area previously acted as a demand zone (support), and the chart suggests price might retest it. 4. Projected Move: First, a pullback up into the resistance zone could occur. Then a drop to the demand zone. If the demand zone fails to hold, the price could head down toward the key support/FVG (Fair Value Gap) around 0.61000 – 0.61500. 5. EMA (200): The 200 EMA is below the price, suggesting longer-term bullish pressure, but it's starting to flatten, which could signal weakness in the uptrend. 6. RSI Indicator: RSI is around 52, showing neutral momentum—neither overbought nor oversold, allowing room for movement in either direction. Mr SMC Trading point --- Idea Summary: The chart suggests a potential reversal from the uptrend into a downtrend, triggered by a failure to break above resistance. The two key targets for a bearish move are: First: the 2TF demand zone Final: the key support/FVG zone Pales support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
5
XAU/ USD) bullish trend analysis Read The ChaptianSMC Trading point update analysis for XAUUSD (Gold vs. USD) on the 2-hour timeframe appears to suggest a bullish continuation setup after a correction. Here's a breakdown of the idea: Key Points from the Chart: 1. Rising Channel: The price is moving within an ascending channel. After a breakout and strong rally, it is currently in a flag or wedge-like correction pattern. 2. Correction Zone: The price is consolidating downward inside a small descending wedge (a bullish pattern), potentially forming a bull flag. This is typically a sign of continuation after a strong upward impulse. 3. Support Zone: A 4H support level is marked around 3,301.416, which aligns with the lower boundary of the flag pattern. This is a potential buy zone for price to react and bounce. 4. Target Point: The target is projected at 3,404.254, implying a breakout to the upside if the support holds. 5. RSI Indicator: RSI is currently around 65, with previous values near 80, suggesting a slight cooldown but still in bullish territory. A slight drop in RSI might occur before the next bounce. 6. EMA 200: The EMA 200 is well below current price (around 3,137), indicating a strong bullish trend. Mr SMC Trading point Possible Trade Idea: Entry: Around the 3,301–3,305 support area. Confirmation: Wait for a bullish reversal pattern (engulfing candle or strong bounce). Target: Around 3,404 (as per the marked target zone). Stop Loss: Below the support zone (e.g., below 3,295), depending on risk tolerance. Pales support boost 🚀 analysis follow)
OANDA:XAUUSDLong
by SMC-Trading-Point
4
EUR/USD) resistance level rejected) Analysis Read The ChaptianSMC Trading point update updated chart provides a more refined bearish outlook for EUR/USD. Here's the idea behind this analysis: --- Market Structure Overview: Resistance Level: ~1.14292 Mid Support Zone: ~1.13500 Major Support (Target Point): ~1.12658 Current Price: 1.13787 --- Indicators: EMA 200 (1.12174): Price is above the 200 EMA, indicating an overall bullish bias, but that may be weakening. RSI (14): Around 54.37, slightly bullish but neutral—no strong momentum. --- Trading Idea: 1. Short-Term Bullish Move: Price is expected to rise to test the resistance level around 1.14292. 2. Bearish Reversal at Resistance: From there, a rejection is anticipated, leading to a drop back to the mid support (~1.13500). 3. Break Below Mid Support: If the price fails to hold the mid support zone, a breakdown is likely to continue toward the target point at 1.12658, which aligns with the previous big support level. Mr SMC Trading point --- Strategy Suggestion: Sell Setup 1: At resistance (~1.14292), with confirmation like bearish candles or divergence on RSI. Sell Setup 2: On breakdown and retest of the 1.13500 support zone. Take Profit: Target at 1.12658. Stop Loss: Above 1.14300 or above the most recent swing high. --- Pales support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
2
USD/JPY) demand and supply analysis ); Read The ChaptianSMC Trading point update shows a bearish setup for USD/JPY on the 1-hour timeframe. Here’s a breakdown --- 1. Trend Context: Downtrend: The pair is clearly in a bearish channel, forming lower highs and lower lows. 200 EMA (~146.297) is above price and sloping down — confirms bearish bias. --- 2. Key Zones Identified: Supply Zone (~144.800–145.200): A strong area of resistance where sellers may re-enter. If price returns here, it’s a potential short setup. Demand Zone (~142.800–143.100): A possible reaction point where short-term buyers may provide a bounce. Target Point (~141.168): A projected target if the downtrend continues and demand zone fails. --- 3. Expected Scenarios: Primary Bearish Move: Price may react from current levels or from the demand zone. A pullback to the supply zone is expected before continuation downward. Then, sell-off toward the target zone around 141.168. Alternate Play: Price could bounce between the demand and supply zones a bit more before breaking down. --- 4. Indicators: RSI (~46.37): Shows room to the downside before oversold, aligning with bearish momentum. Mild bullish divergence in RSI recently, suggesting potential for a small pullback or bounce. Mr SMC Trading point --- Summary of Idea: This is a sell setup: Sell entries: Ideal around the supply zone (144.8–145.2). First target: Demand zone (~143.0) Final target: 141.168 Invalidation: Break above 146.30 (200 EMA and channel resistance). pales support boost 🚀 analysis follow,)
Short
by SMC-Trading-Point
23
XAU/USD) Flag Analysis Read The ChaptianSMC Trading point update Analysis presents a bullish outlook for XAU/USD (Gold vs USD) on the 1-hour timeframe, based on Smart Money Concepts (SMC). Here’s a breakdown of the key elements: --- Key Analysis Points: 1. Order Block + Key Support Zone: Price recently tapped into a bullish order block around the $3,166.74–$3,208.62 zone. This area is also marked as a "key support level", suggesting a strong demand zone. The confluence of the Fair Value Gap (FVG) and order block gives this zone higher validity for potential reversal. 2. Bullish Market Structure: The chart shows higher highs and higher lows, indicating a bullish trend. Price action broke above a small consolidation, showing bullish momentum is resuming. 3. Projected Target: The target point is set at $3,283.01, suggesting about a 55-point upside from the current price. This target sits above a previous high, indicating anticipation of a liquidity grab or breakout. 4. RSI (Relative Strength Index): RSI is at 57.94, which is a neutral-to-bullish zone. It supports the idea that there's still room for price to move up before being overbought. 5. EMA 200 (Exponential Moving Average): The price is well above the 200 EMA, confirming a bullish bias in the higher timeframe. Mr SMC Trading point --- Possible Strategy: Long (Buy) Entry Zone: Between $3,166–$3,208 (ideal near the order block/FVG). Target: $3,283 Stop Loss: Below the order block, ideally below $3,166 to avoid getting wicked out. --- Final Thoughts: This is a well-structured bullish setup based on institutional concepts like order blocks and FVGs. The price is aligned with the trend, and RSI supports more upside. However, watch for any major news catalysts (especially with those economic event icons shown). Pales support boost 🚀 analysis follow)
FX:XAUUSDLong
by SMC-Trading-Point
4
Markets next move will depend on its interaction with Key LevelsGold Analysis MSS & FVG+Breaker Zone Gold has given an MSS (Market Structure Shift) and touched the FVG+Breaker Zone, followed by a downward move. Given the current market structure, potential areas to watch for a stop and potential upside pump could be: Possible Downside Targets: 1. $3321 liquidity level 2. Higher Time Frame (HTF) PD Arrays Potential Upside Pump If the market reaches these areas, we might see a pump upwards, driven by liquidity and market structure. Key Levels to Watch: - $3321 liquidity level - HTF PD Arrays Market Direction The market's next move will depend on its interaction with these key levels. A potential bounce from these areas could signal an upside pump. Let's monitor the market's movement and adjust our analysis accordingly.
OANDA:XAUUSDShort
by Peter_Wade
EUR /USD) resistance level rejected support level Read The ChaptSMC Trading point update analysis of the EUR/USD currency pair on a 1-hour timeframe, and it presents a potential bearish setup. Here's a breakdown of the idea: Key Elements: Resistance Zone (around 1.14182): The price is currently approaching a marked resistance area. The analysis suggests this could be a turning point where price may reverse. Projected Movement (Black Arrows): The chart predicts a double top formation or a rejection from the resistance level, followed by a strong move downward. Target Point: The drop is expected to reach the key support zone around 1.10942, aligning with a previous structure and a potential liquidity zone. EMA 200 (around 1.10389): Price remains well above the 200 EMA, suggesting the trend is still bullish overall, but the setup targets a potential correction or short-term reversal. RSI Indicator (~60): RSI is above 60 but not overbought yet. This supports the idea that there's room for one more push up into resistance before a drop. Mr SMC Trading point Summary of the Idea: 1. Watch for price reaction around 1.14182. 2. If there's a clear rejection or double top, a short position may be considered. 3. Target area is around 1.10942. 4. The setup assumes a corrective move in a broader bullish trend. plase support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
11
GBP/JPY) Bearish analysis Read The ChaptianSMC Trading point update GBP/JPY 2-hour chart outlines a clear bearish setup within a well-defined downtrend. Here's a breakdown of the trading idea: --- Technical Overview: Downtrend Channel: The pair is respecting a downward-sloping channel, with repeated rejections at the upper boundary, confirming bearish control. Resistance Zone (~187.8 - 188.5): Price has reached a highlighted resistance area that aligns with previous swing highs and trendline resistance — marked with red arrows for prior rejections. Bearish Projection: The analysis anticipates a rejection from this resistance zone followed by a downward impulse move. A pullback is expected, but continuation toward the target support zone around 179.150 is likely. Target Zone (~179.150): This level lines up with previous price action and matches the measured move (blue vertical box), adding confluence. EMA 200 (around 190.36): Price is well below the 200 EMA, reinforcing the bearish structure and trend bias. RSI Indicator (~52): RSI is slightly above 50 but not bullish — this neutral reading suggests the pair has room to drop if resistance holds. Mr SMC Trading point --- Trading Idea Summary: Bias: Bearish Entry Zone: 187.8 – 188.5 (resistance) Confirmation: Bearish candlestick pattern or rejection signal Target: 179.150 Invalidation: Break and close above 190.365 (above EMA 200 and prior highs) --- plase support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
28
XAU/USD) Bullish trand analysis Read The ChaptianSMC Trading point update technical analysis of Gold (XAUUSD) on a 2-hour timeframe, with a bullish outlook. Here's a breakdown 1. Trend & Structure: Uptrend Channel: Price is moving within a clear upward channel, respecting the trendline. Higher Highs and Higher Lows: Indicates strong bullish momentum. 2. Key Zones: Key Support Level (Yellow Box): Around $3,158.49 – this is the "safe entry point" if price pulls back. First Entry Point: Around $3,222.76 – likely a breakout entry above a local resistance. Target Point: $3,378.01 – a projected bullish target based on continuation. 3. Indicators: RSI (14): Currently above 70 (overbought zone), but still climbing. There's bullish strength, but a pullback may occur soon. 200 EMA: Positioned below current price, confirming the bullish bias. Mr SMC Trading point 4. Expected Scenarios (2 Paths): Bullish Continuation: Price keeps rising, respecting the uptrend and hitting the target. Pullback and Bounce: Price may retrace to the support zone or trendline, then bounce back up to target. Summary of Idea: This is a buy setup: Buy at breakout above $3,222.76 (First Entry) Safer buy at $3,158.49 (Support Re-test) Target: $3,378.01 Watch RSI for pullback clues. Pales support boost 🚀 analysis follow)
CAPITALCOM:GOLDLong
by SMC-Trading-Point
5
GOLD MONTHLY CHART LONG TERM ROUTE MAP ANALYSISMonthly Time Frame Analysis for GOLD Dear Traders, Attached is the Monthly Chart Route Map for GOLD. Since October 2023, we have consistently analyzed and traded GOLD with 100% target accuracy. The Golden Circle areas marked on the chart highlight our precise analysis and successful target achievements. Key Highlights: * After successfully hitting TP1 and TP2, the candle has closed above TP2. * EMA5 has crossed and locked above the TP2 level at 2603, confirming upward momentum. * The EMA5 detachment process has been completed successfully. * As previously noted, the Fair Value Gap (FVG) provided robust support at 2535, facilitating the upward push. What’s Next for GOLD? Based on these confirmations, we anticipate hitting TP3 this month. However, we have identified two significant GOLDTURN levels at 2702 and 2603. In the short term, we may see some bearish movements, but the monthly chart reveals the bigger picture: a sustained long-term bullish trend. This kind of temporary reversal strengthens the bullish trend and offers an excellent opportunity to buy at dips near support levels, reducing risk. Recommendations: To understand the support structure in greater detail, refer to our smaller time frame analyses, which will help you identify optimal dip-buying opportunities while keeping the long-term gaps in mind. As always, we’ll keep you updated with daily insights. Don’t forget to check our analyses on weekly, daily, 12H, 4H, and 1H time frames. We appreciate your continued support! Please show your encouragement by liking, commenting, and sharing this post. The Quantum Trading Mastery
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
BTC/USD) rejected point analysis Read The ChaptianSMC Trading point update This chart presents a bearish short-term technical analysis for Bitcoin (BTC/USD) on the 2-hour timeframe. Here’s a breakdown --- Key Observations: 1. Downtrend Structure: Price is forming lower highs and lower lows. A clear downtrend is marked on the chart. 2. Rejection Zone: The yellow highlighted area near $83,800–$84,000 is labeled as a “rejected point.” Price touched this zone and got rejected again, confirming resistance. 3. 200 EMA (Exponential Moving Average): The 200 EMA is at $82,291, acting as dynamic resistance. Price is currently below it, reinforcing bearish momentum. 4. Support Level / Target: The yellow box at the bottom around $74,559 is marked as the support zone and target level. This is the previous low and aligns with the lower boundary of the descending channel. 5. RSI (Relative Strength Index): RSI is showing a potential bearish divergence and is pointing downward, suggesting weakening bullish momentum and a likely move lower. Mr SMC Trading point --- Trade Idea: Bias: Bearish Entry: Around $81,300–$82,000 (after rejection confirmation) Target: $74,559 (support level) Stop-loss: Could be placed just above the rejection zone, around $84,000 --- Pales support boost 🚀 analysis follow)
BITSTAMP:BTCUSDShort
by SMC-Trading-Point
13
XAUUSD Analysis: Will It Soar or Dip? Esential Levels to Monitor🚨 Attention Traders! 🚨 XAUUSD is making waves and breaking through key levels! 🔥 The price is currently battling between 2977 and 2987 — will we see a breakout soon? Bearish Alert: A dip below this range could lead us to targets like 2960 and 2955. ⚠️ Bullish Opportunity: A move above 2987 could trigger buying opportunities, with targets around 3004 and 3030. 🚀 💬 Let’s Talk Strategy! What’s your take on this? Share your insights as we ride this golden wave together and unlock new opportunities! 💰
TVC:GOLD
by ANNA_EXPERT
XAUUSD Update: Bullish or Bearish? Key Levels to Watch! 🚨 Attention Traders! 🚨 XAUUSD is making waves and breaking through key levels! 🔥 The price is currently battling between 2980 and 2989 — will we see a breakout soon? Bearish Alert: A dip below this range could lead us to targets like 2860 and 2850. ⚠️ Bullish Opportunity: A move above 2989 could trigger buying opportunities, with targets around 3004 and 3027. 🚀 💬 Let’s Talk Strategy! What’s your take on this? Share your insights as we ride this golden wave together and unlock new opportunities! 💰
TVC:GOLD
by ANNA_EXPERT
USD/JPY) Bullish reversal analysis Read The ChaptianSMC Trading point update This chart is for USD/JPY on the 1-hour timeframe, and it presents a bullish trade setup. Let’s break down the idea --- Key Observations: 1. Current Price: USD/JPY is trading around 146.281. 2. Overall Bias: Bullish setup expecting a bounce from demand into a higher target zone. 3. EMA 200: Price is currently below the 200 EMA (147.942), which usually suggests a bearish trend — but this setup is aiming for a short-term bullish retracement. 4. Demand Zone (Buy Area): Marked in yellow between 145.822 and slightly above. Labeled as "FVG orders" (Fair Value Gap), suggesting institutional interest or imbalance fill. 5. Trendline Support: The price is approaching a rising trendline, adding confluence for a potential bounce. 6. Expected Move: Price is expected to bounce from the demand zone, form a higher low, and then move up toward the target zone at 148.221. Two upside targets are drawn: First Move: ~1.12% (30.6 pips) Full Target: ~1.76% (256.1 pips) Mr SMC Trading point 7. RSI (Relative Strength Index): RSI is around 37.66, nearing oversold territory, supporting a bullish reversal idea. --- Trade Idea Summary: Bias: Bullish Entry Zone: Around 145.822 (fair value gap & trendline support) Target Zone: 148.221 Stop Loss: Likely just below the demand zone or trendline Confluence Factors: Trendline support RSI nearing oversold Fair value gap zone EMA 200 overhead (target acts as resistance) --- Pelas support boost 🚀 analysis follow
Long
by SMC-Trading-Point
13
XAU/USD) Bearish trand analysis Read The ChaptianSMC Trading point update This chart analysis is for Gold Spot (XAU/USD) on the 1-hour timeframe. Here’s a breakdown of the idea shown: --- Key Points in the Analysis: 1. Current Price: XAU/USD is around $2,982.92 at the time of the chart. 2. Trend: The chart suggests a bearish outlook. Price has been consistently rejected from the yellow supply zone (around 3,020–3,033). EMA 200 (blue line) is above the current price, confirming downward momentum. 3. Rejection Zone: Marked in yellow between 3,020 and 3,033. Labeled as “Reject points”. Price failed to break above this zone multiple times. 4. Breakout Pattern: Two descending rectangles highlight bearish continuation patterns. A bearish flag or wedge is visible, followed by a breakout downward. 5. Target Zone: Highlighted in yellow between 2,900 and 2,921, with target point at 2,920.615. Price is expected to move down to this level. 6. RSI (Relative Strength Index): RSI is declining and shows bearish divergence, supporting downside move. Currently around 39.19, which is closer to oversold territory but still has room to drop. Mr SMC Trading point --- Trade Idea Summary: Bias: Bearish Entry Area: Rejection near 3,020–3,033 zone Target: 2,920.615 (highlighted support zone) Stop Loss: Could be placed above 3,033 (supply zone or EMA 200) Confluence Factors: EMA 200 rejection Bearish RSI divergence Repeated supply rejection Breakout from bear flag structures Pales support boost 🚀 analysis follow)
OANDA:XAUUSDShort
by SMC-Trading-Point
12
EUR /USD) bearish trand analysis Read The ChaptianSMC Trading point update This chart presents a technical analysis of the EUR/USD pair on a 1-hour timeframe. Here's the breakdown and idea behind the analysis: Chart Analysis Summary: 1. Trend Structure: The price was in a downtrend, moving within a descending channel. Recently, the price has rejected the upper boundary of the channel (noted as "down reject"). There's a 200 EMA (Exponential Moving Average) acting as dynamic support around the 1.09086 level. Mr SMC Trading point 2. Support Zone: A strong demand zone (highlighted in yellow) is visible near the 1.08183 area. This zone aligns with previous structure support and a potential reversal point. 3. RSI Indicator: RSI is around 49, showing a neutral to slightly bearish momentum. No overbought/oversold signals yet, suggesting room for further downside before a reversal. 4. Projection Idea: The analyst expects a possible short-term drop into the yellow support zone (target: 1.08183). After reaching the target, a bullish reversal is anticipated, aiming for a breakout above the downtrend with a rally towards the 1.10500+ zone. Trading Idea: Short-Term Bearish Move: Sell toward 1.08183 if price confirms rejection of the trendline or 200 EMA. Medium-Term Bullish Reversal: Watch for bullish confirmation (e.g., engulfing candle, RSI divergence) at the 1.08183 zone to go long toward higher highs. Pales support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
2
BTC/USD) Bullish reversal analysis Read The ChaptianSMC Trading point update This is a bullish reversal analysis on BTC/USD (Bitcoin to USD) on the 4-hour chart, suggesting a potential long opportunity after a sharp corrective move. --- Key Breakdown of the Chart: 1. Strong Downward Move with Potential Reversal: Bitcoin experienced a sharp drop from the 88k region to ~74,387.50, now hitting a key demand zone (marked as "Orderblock"). 2. Bullish Reaction Expected: From the Orderblock support zone, a bullish reversal is anticipated. The projected move aims to fill the imbalance and test the target zone between 87,152.94 and 88,557.14. 3. RSI Oversold: RSI is around 32.27, indicating oversold conditions and adding confluence for a potential bounce. 4. EMA (200): The 200 EMA lies around 85,153.85, which may act as dynamic resistance on the way up. Mr SMC Trading point 5. Price Target: The expected upside move is approximately +13,722.85 points (+18.75%), aiming for the supply zone above 87k. --- Conclusion / Trade Idea: Entry Zone: Near 74,387.50, the orderblock/demand area. Target Zone: 87,152.94 – 88,557.14 Bias: Bullish short- to mid-term reversal. Confluences: Oversold RSI, clean support zone, potential trendline bounce, and price inefficiency above. --- Pales support boost 🚀 analysis follow)
COINBASE:BTCUSDLong
by SMC-Trading-Point
1