Breakdown
Avalanche (AVAX) RectangleBINANCE:AVAXUSDT is trading within a well-defined rectangle, after breaking out of a steep falling channel earlier this year.
Key Observations
• The current range has two clear touches on both support ($15.50) and resistance ($23.00), forming a valid rectangle structure.
• This follows a sideways channel breakout, suggesting a consolidation phase which is often a precursor to a larger move.
Range Levels
• Resistance – $23.00: Capped price twice in April, marking the upper bound of the rectangle.
• Support – $15.50: Held firmly on two separate pullbacks.
• Midrange Bias – As long as AVAX remains within this box, directional conviction remains limited.
Breakout/Breakdown Scenarios
• Bullish Breakout: If AVAX closes decisively above $23.00, the measured target would be ~$30, based on the rectangle height projected upward (linear scale).
• Bearish Breakdown: If it loses $15.50 support, the downside target becomes $10.50, calculated using the same rectangle height on log scale (to reflect proportional downside risk).
Until either side breaks, this remains a range-trading environment.
I'm shorting thisTwo weekly timeframe for a better understanding. Looks like a large bearish flag forming. Price just bounce off the bottom of the flag. But I think is a dead cat bounce. Is hitting a resistance level 35-36. Doesn't look too sting to break it up. SL triggers if a weekly candle breaks up the resistance and closes above it.
SPY/QQQ Plan Your Trade Update : EPP Flag Setup CompleteI created this video to highlight the current EPP Flag setup in the SPY/ES.
It is my opinion that the market are about ready to ROLL OVER into a downward trend because of this current EPP setup.
Once the FLAG forms (in this case a BULLISH FLAG), the next phase is a BREAKDOWN INTO CONSOLIDATION.
It is my belief the current FLAG will prompt a breakdown in price - moving into a lower consolidation range.
I'm highlighting this EPP pattern to help everyone learn how to use them more efficiently.
Get ready. If I'm right, we're going to see a big move downward over the next 2-4+ days.
Get some...
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TSM respects levelsI have not looked at this chart in a long time. The levels are still holding up strong. It's in a rising channel. Currently it is weathering the channel well. Earnings 4/17 premarket. The day candle close 4/16 was bearish. Good earnings moves could change that.
*I just know that this company keeps semi & chips looking amazing for users & investors. I'll be watching and tuned in.
SOL ANALYSIS🔮 #SOL Analysis 🚀🚀
💲💲 #SOL is trading in a Ascending Broadening Wedge Pattern and there is a breakdown of the pattern. And we can expect more bearish move towards it's support zone and the a reversal
💸Current Price -- $119.10
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#SOL #Cryptocurrency #DYOR
GBP/USD Breakdown – Bearish Momentum Ahead?This 4-hour chart of GBP/USD shows a clear bearish setup:
🔹 Rising Wedge Breakdown – The pair has broken below a rising wedge pattern, signaling potential downside pressure.
🔹 Support and Resistance Levels –
Resistance at 1.29206 - 1.30275
Support at 1.28000 - 1.28437
Strong support at 1.27539
🔹 Sell Confirmation – A sell signal is indicated, suggesting further downside movement towards the target zone.
📉 Trading Plan:
✅ Possible short entries below the 1.28956 level.
✅ Target price: 1.27539
✅ Stop-loss above 1.29206 for risk management.
⚠️ Risk Note: Always manage risk properly and watch for any trend reversals before entering trades.
What are your thoughts? Are you bearish or bullish on GBP/USD? 🤔💬