GOLD BEARISH SETUP (DAILY/WEEKLY)Good day and night, All!
The gold is approaching the previous major resistance area around 129x/130x and is forming the new bearish wave. If the resistance withstands this 3rd breakthrough attempt again, it can become a very attractive opportunity for shorts to be opened. If successful, most likely this will happen in next few days after the peak formation around point V.
Good luck and profitable trading week!
Project
Ethereum/ETHUSDT Long Setup (H4/Daily)Hello, traders!
I stumbled upon this POLONIEX:ETHUSDT pattern thanks to DLavrov's idea:
As (quite unfortunately!) my platform is not offering cryptocurrencies trading, I'm usually not checking them, but this setup definitely captured my attention.
Perfectly shaped wave almost reached point 5 now. If the resistance around this level stands, I would expect it to go North all the way up to planned target (point 6).
Even though I can't trade it myself, I decided to publish this idea anyway as in fact it looks like a very interesting long project to me.
GL All!