EliteChartZone

EliteChartZone Updated 

Price has broken down from a rising wedge and is currently retesting the previous support, now acting as resistance. If price holds below this zone, we could see further bearish continuation toward the next support levels. Trade Setup 📍 Entry: 3330 – 3325 (after confirmation) 🎯 Target 1: 3310 🎯 Target 2: 3283 🎯 Target 3: 3263 🛑 Stop Loss: 3355 A clean break...

EliteChartZone Updated 

Bitcoin is currently showing a strong bullish structure after retesting the 1H Support and forming a clear Order Block (OB) and Fair Value Gap (FVG). Price is respecting the ascending channel, indicating a potential continuation towards the next 4H major resistance zone (120,400 – 120,800). If price holds above the OB/FVG confluence area, we can expect a bullish...

EliteChartZone

The price has formed a Rising Wedge pattern inside a broader ascending channel and is now rejecting from the top resistance. A breakdown from this structure could signal a potential bearish reversal toward the previous demand zone. 📉 Trade Setup: Sell Entry: Below 23,400(after candle close confirmation) Stop Loss: Above 23,700 Target 1: 23,000 Target 2:...

EliteChartZone

Price is currently respecting the bearish trend channel and has shown consistent lower highs and lower lows structure. We’ve observed a short-term retracement after tapping the demand zone near 3325. This pullback appears to be heading towards a Fair Value Gap (FVG) area between 3349–3353, which aligns with a mid-channel supply zone. This zone is expected to act...

EliteChartZone Updated 

Gold has been moving within a clearly defined upward channel since late June. Recently, price reached a key resistance zone near the upper boundary of the channel (~3,440–3,450), where it faced strong rejection and has since pulled back. 🔻 Current Market Behavior: Price has dropped from the resistance area, breaking below the midline of the channel. Currently...

EliteChartZone

Key Observations: Market is respecting both triangle trendlines, forming lower highs and higher lows. Price is currently hovering near the middle of the structure after bouncing off the support area around 198.100–198.200. A short-term pullback may occur before a possible continuation toward the triangle resistance (~198.800). 📌 Trade Setup (Idea): Buy on...

EliteChartZone

Price recently broke above the key resistance zone near 1.17350, which has now flipped into a support area (RBS). Currently, the market is retracing and approaching a Fair Value Gap (FVG) and the RBS zone, creating a potential high-probability buy opportunity. 🟡 If price shows bullish reaction from this zone, I expect continuation towards the next key resistance...

EliteChartZone

Price has tapped into the 4H resistance zone and is showing signs of rejection. A pullback toward the FVG and RBS zones is likely. If we get a bullish reaction from that area, the uptrend may continue. 🔹 Key Levels: 4H Resistance Zone: 3422 - 3442 FVG Demand Zone: Around 3391 - 3398 RBS (Support): 3384 / 3371 zone 📌 Trade Idea: – Wait for a pullback – Look...