hello guys.
Cup and Handle Pattern: The chart displays a well-formed cup and handle pattern, a classic bullish continuation signal. The handle has broken out, confirming the pattern.
Target Projection: Using the depth of the cup, the target of the pattern is projected around $188,000.
Fibonacci Levels: Price has surpassed the 0.618 Fibonacci retracement level at $113,628, a strong bullish signal, with further resistance near $145,120 (0.5 Fibonacci extension).
Breakout Confirmation:
The breakout from the handle channel confirms bullish momentum.
The price is trading above the psychological level of $90,000, supported by high trading volume.
Trend Outlook: A bullish macro trend is indicated, driven by long-term upward momentum.
Cup and Handle Pattern: The chart displays a well-formed cup and handle pattern, a classic bullish continuation signal. The handle has broken out, confirming the pattern.
Target Projection: Using the depth of the cup, the target of the pattern is projected around $188,000.
Fibonacci Levels: Price has surpassed the 0.618 Fibonacci retracement level at $113,628, a strong bullish signal, with further resistance near $145,120 (0.5 Fibonacci extension).
Breakout Confirmation:
The breakout from the handle channel confirms bullish momentum.
The price is trading above the psychological level of $90,000, supported by high trading volume.
Trend Outlook: A bullish macro trend is indicated, driven by long-term upward momentum.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
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My recommended Exchange -> YEX: bit.ly/YEX-M
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Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.