LINKUSDT Is moving in a downward channel so I think if it breaks it we can see a good move towards down
Disclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
I have marked two green lines, BTC looks weak and certain "news" can make it get bonked a lot, What you can plan is - BTC looks to fall till the green line below, marks up as 95,758 and breaking that would slit to 95,121. Now also, look at the doodle, theres a small depression made and from there the reversal can happen back to 101k and eventually to 102,453.
Eventually its enough for spikes to eat you up!
Gold prices have recently continued their fluctuations in the rising channel, and this trend provides traders with clear technical support and resistance levels. As can be seen from the figure, the price is running along a relatively steep rising channel, and has repeatedly touched the lower and upper edges of the rising trend line, forming regular highs and lows.
The boundaries of the rising channel clearly show that gold is currently constrained by trend support (lower edge) and pressure (upper edge). Recent lows such as 2,774 and 2,733 have tested the lower edge support of the channel, while highs such as 2,783 and 2,817 have fallen back after approaching the upper edge resistance.
In the short term, if the price can break through the upper edge resistance area of 2,820-2,830, gold may continue its upward trend and test new highs, with a target of around 2,850.
If gold fails to break through the current resistance and falls back, it may again test the lower edge support of the channel around 2,780-2,770, or even break the channel downward and enter a larger adjustment.
The peaks and troughs of the price gradually rise, indicating that the bullish momentum is dominant. However, in the short term, the price shows a certain resistance effect near the upper edge of the channel. Traders need to pay attention to whether the price will break through or fall back.
Trading suggestions:
Aggressive strategy: If the price breaks through 2,820, it is recommended to chase long, set the stop loss below 2,810, and the target is 2,850 or higher.
Conservative strategy: If the price pulls back to the 2,780-2,770 area, you can try to buy low, set the stop loss below 2,765 outside the channel, and look back to above 2,800.
Short strategy: If the price continues to weaken, you can participate in the short position layout under the pressure of 2820, with the target of 2790 and 2800. The stop loss is set above 2830.
Risk warning:
Note that the price of gold is greatly affected by the US dollar index, inflation data and geopolitics. Traders need to combine the resonance of fundamental dynamics and technical analysis to reasonably adjust their positions.
In summary, gold is currently at a critical technical choice point, and the future breakthrough direction will play a decisive role in the trend.
Market Structure & Trend:
The chart shows a strong bullish move followed by a correction.
The price has reached a key resistance area near $2,816 - $2,829, where selling pressure is observed.
A potential bearish setup is forming, indicating a possible price decline.
Key Observations:
Bearish Setup:
A short trade setup is marked with a stop-loss above resistance (~$2,829).
The take-profit target is near $2,786, aligning with previous demand levels.
Support & Demand Zone:
A yellow demand zone (H1) is marked around $2,776 - $2,786, which could act as a strong support area.
If price reaches this zone, buyers might step in for a potential reversal.
Trendline & Structure:
The chart shows a possible break of the rising trendline, supporting a bearish move.
If price fails to break below $2,786, consolidation or a bullish bounce might occur.
Trading Plan:
Bearish Bias:
Entry: Near $2,812 - $2,816
Stop-Loss: Above $2,829
Take-Profit: $2,786, with potential extension to $2,776
Bullish Reversal Possibility:
If price strongly reacts at the H1 demand zone, buyers could enter for a reversal back to $2,800+
NQH2025
- PR High: 21600.00
- PR Low: 21553.50
- NZ Spread: 104.0
Key scheduled economic events:
10:00 | JOLTs Job Openings
Weekend gap quickly filled through previous session
- Strong Asian hour value decline retracing >50%
- 21200 to 21000 inventory still showing strong "support"
Session Open Stats (As of 12:35 AM 2/4)
- Weekend Gap: -1.72% (filled)
- Gap 10/30/23 +0.47%
- Session Open ATR: 431.53
- Volume: 42K
- Open Int: 259K
- Trend Grade: Bull
- From BA ATH: -4.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
The 90k area proved its strength deservedly, the price has touched it twice in the past and each time it returns with a strong rebound to record a new high 108k , 109k , so will we witness a third peak this time!?
I think it's still too early to make a deep correction and I think we have a new third summit coming.
In any case, the support zone of 90k is the decisive area now, if the price breaks this area, we should take precautions, but as long as we are above it this is good.
Bottom line: the crucial point between you and the market is to break the 90k support and if that happens I think we'll see prices drop to the 80k and 70k areas .
