1. Support Area Assumption
Disruption: The highlighted support area is relatively narrow and based on a few candles. On a 1-hour chart, this might not provide a strong enough foundation for a meaningful bounce. The price has tested this level multiple times, suggesting weakening support rather than strength.
2. Target Projection
Disruption: The target area is drawn without showing how it was calculated—no Fibonacci level, previous resistance, or volume zone is referenced. Without clear technical justification, the target level appears speculative.
3. Pattern Expectation (Bounce Prediction)
Disruption: The blue arrow suggests a bullish reversal, but volume is declining, and there’s no strong bullish candle yet to confirm the move. In fact, multiple lower highs suggest bearish pressure.
4. Ignoring Bearish Continuation
Disruption: The red arrow suggesting a drop isn't emphasized as strongly as the bullish path. However, repeated testing of the support with no significant bounce increases the risk of a breakdown. Also, if macroeconomic conditions or broader crypto sentiment is bearish, this chart setup could break down easily.
5. Lack of Context
Disruption: The chart analysis is isolated to a short timeframe (1 hour). Without higher timeframe confluence (e.g., 4H, Daily), any short-term pattern can easily be a false signal.
Disruption: The highlighted support area is relatively narrow and based on a few candles. On a 1-hour chart, this might not provide a strong enough foundation for a meaningful bounce. The price has tested this level multiple times, suggesting weakening support rather than strength.
2. Target Projection
Disruption: The target area is drawn without showing how it was calculated—no Fibonacci level, previous resistance, or volume zone is referenced. Without clear technical justification, the target level appears speculative.
3. Pattern Expectation (Bounce Prediction)
Disruption: The blue arrow suggests a bullish reversal, but volume is declining, and there’s no strong bullish candle yet to confirm the move. In fact, multiple lower highs suggest bearish pressure.
4. Ignoring Bearish Continuation
Disruption: The red arrow suggesting a drop isn't emphasized as strongly as the bullish path. However, repeated testing of the support with no significant bounce increases the risk of a breakdown. Also, if macroeconomic conditions or broader crypto sentiment is bearish, this chart setup could break down easily.
5. Lack of Context
Disruption: The chart analysis is isolated to a short timeframe (1 hour). Without higher timeframe confluence (e.g., 4H, Daily), any short-term pattern can easily be a false signal.
t.me/gold_free_signals1
𝙁𝙤𝙧𝙚𝙭 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙩𝙚𝙖𝙢 ☺️ 𝙢𝙖𝙣𝙖𝙜𝙚 𝙮𝙤𝙪𝙧 𝙖𝙘𝙘𝙤𝙪𝙣𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮 🤑💰
t.me/gold_free_signals1
𝙁𝙤𝙧𝙚𝙭 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙩𝙚𝙖𝙢 ☺️ 𝙢𝙖𝙣𝙖𝙜𝙚 𝙮𝙤𝙪𝙧 𝙖𝙘𝙘𝙤𝙪𝙣𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮 🤑💰
t.me/gold_free_signals1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
t.me/gold_free_signals1
𝙁𝙤𝙧𝙚𝙭 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙩𝙚𝙖𝙢 ☺️ 𝙢𝙖𝙣𝙖𝙜𝙚 𝙮𝙤𝙪𝙧 𝙖𝙘𝙘𝙤𝙪𝙣𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮 🤑💰
t.me/gold_free_signals1
𝙁𝙤𝙧𝙚𝙭 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙩𝙚𝙖𝙢 ☺️ 𝙢𝙖𝙣𝙖𝙜𝙚 𝙮𝙤𝙪𝙧 𝙖𝙘𝙘𝙤𝙪𝙣𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮 🤑💰
t.me/gold_free_signals1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.