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Crownpattern

Bitcoin Finds Strong Support – Is a Reversal on the Horizon?hello guys Bitcoin recently completed a crown pattern, a bearish reversal formation that signaled a downward move. As expected, BTC followed the pattern structure and reached its target. Currently, the price has touched two critical technical levels: ✔ The balance line – A key horizontal support zone ✔ The ascending trendline – Acting as dynamic support from previous lows This confluence of support suggests that BTC might be at a potential reversal zone. However, while the conditions seem favorable for an upward movement, we need additional confirmation. Possible bullish signals to watch for include: A strong bullish candlestick pattern (e.g., engulfing, pin bar) Increased buying volume A break above the nearest resistance level If BTC maintains this support, we could see a recovery towards $90K+ levels in the short term. Otherwise, a breakdown below the trendline may trigger further downside.
by melikatrader94
2
Gold Spot Analysis: Crown Pattern Signals Potential ReversalGold's recent price action on the 4-hour chart has unfolded into a fascinating Crown Pattern, hinting at a potential bearish continuation. This pattern, often associated with trend reversals, presents a compelling opportunity for traders to position themselves for the next move. Currently trading at $2,614, gold appears to be forming a consolidation phase within a descending triangle, signaling growing bearish momentum. Key Observations: Crown Pattern Formation: The clearly defined Crown Pattern suggests the exhaustion of the recent bullish wave. The structure follows classic measurements, with XA and DG ratios aligning closely with textbook values. The neckline at $2,630 has already been breached, solidifying the bearish outlook. Descending Triangle: Gold is consolidating within a descending triangle just below the neckline, with lower highs and a flat support line. A decisive break below $2,596 could trigger further declines. Key Support Zone: Immediate support lies at $2,554.55, coinciding with the Crown Pattern's projection target. This level will be crucial for bears to maintain their dominance. Bearish Momentum: Momentum indicators, combined with volume analysis, show waning buying pressure, further reinforcing the likelihood of a downward move. ------------------------------------------- Expected Scenarios: Bearish Continuation: A breakdown below the descending triangle at $2,596 could pave the way for a decline toward $2,554 and potentially lower. Bullish Reversal Invalidated: If gold manages to break above $2,630 and sustain above this key level, the bearish outlook will be invalidated, opening the door for a retest of $2,670.
FOREXCOM:XAUUSDShort
by melikatrader94
8
BTC → IS it a crown pattern?!hello guys... do you think it is a crown pattern?! I know the D and F waves didn’t finish at the same level, but I suppose we can ignore it! if it is this pattern we can assume this coin wanna touch the 52k area! ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
by melikatrader94
17
BTC going zig zag in an ascending channel ATM.Await confirmationOn the 2h timeframe BTC seems to be stuck in an ascending triangle on 2H TimeFrame If this is confirmed then we can as well embrace for a breakout after 22.4k. This will open up a small spring for BTC MACD indicates the ending of a selloff Bollinger Bands median is low within the Bollinger Bands range RSI trend reversal with room for growth Resistance is small in terms of orders placed Accumulation ongoing USE STOP LOSS if you enter now, no firmation yet. We got 3 white soldiers but we still need the support at 20k
Long
by Let-s_see
DOTUSDT: Crown PatternHello traders! This is a different type of Pattern than the Head and shoulder Pattern. First of all, I must inform you that if you want to grow your account then do the opposite of what so-called gurus told you. I know how they are spreading false methods and people are losing lots of money even they follow perfectly what they are taught they will still lose money. The same theory applies in the head & shoulder pattern, people sell after the breakout of H&S pattern but what happens in reality is, the market pumps after the breakout. So you must buy the breakout of the H&S pattern. That simple and easy money. The probability of moving downward after the breakout of H&S is 1 out of 6 and 5 out of 6 times market pumps and people lose money because they were taught wrong and people try to apply the same losing method in a perfect scenario and still lose. This pattern looks similar to the Head and shoulder pattern but its functionality is different. The probability of moving downward is 4 out of 6 times. So we must choose the better probability side. The support is at 16.5 dollars. It's about 20% depreciation, so let's enjoy the ride. Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
5
EURAUD Double Bottom. Bullish Engulfing Candle. Channel SupportWe got a lot going on with the EURAUD that's showing Bullish signs for the next move. on the Daily we are at a Major support level from its long term channel, the market tried to break it last week but ended up closing with a bullish Engulfing CSF creating a double bottom. Now on the shorter Time Frame the market has already entered in the buy zone with a bullish crown pattern, all im waiting now is for the market to confirm the right tip and its hopefully ready to go. we also got a lot of the other AUD pairs thats showing AUD weakness so this also adds another layer of confidence, you can check out my 2 other recent posts of GBPAUD and AUDJPY
Long
by ElyaStein
GBPCAD Weekly Support With A Daily Bullish CrownGBPCAD is bouncing off at a major weekly support level. The Daily Time Frame has formed a Bullish Crown Formation, with the right tip equaling the left tip to the exact level, if the day today closes with a green Bar and a healthy Volume it can be a good entry point to ride it up to the next support to become future resistance on the daily ( see marked green line) its good to wait for a counter trend line break on the smaller time frame beofre considering entering the Trade. I hope this information was helpful. My goal is to make it as simple as possible and easy to understand for you so you have the confidence to do what is necessary to do. Please let me know in the comments anything you see different what I see, lets discuss it!
Long
by ElyaStein