$PAXG 4H Update: Rejection at resistance, now testing support! 🥇📉
In my last update, we saw a bullish CHoCH. However, Gold faced strong resistance near the $4,080 level and got rejected. The price is now pulling back and testing the local demand zone around $4,030.
🔍 Technical Breakdown: • Market Structure: The overall structure still favors bulls as long as we hold above the $4,000 discount zone. The current move looks like a normal retracement. • **Key Levels:** 🔴 Resistance: $4,060 - $4,080 (Recent Swing High) 🟢 Support: $4,020 - $4,030 (Current Retest Zone) ⚖️ Equilibrium: $4,100 (Major target if support holds)
👀 What's next? If this $4,030 support holds, we could see another leg up toward the $4,080 high. But a breakdown here will send the price back to the $3,980 - $4,000 discount zone.
👇 MY QUESTION FOR YOU: Support ko hold karna chahiye ya break hoga? Aapka next move kya hai—Buy the dip or Wait for a breakdown? Comment below! 💬
⚠️ Always manage your risk. This is not financial advice.
$PAXG 4H Chart Analysis: Gold is bouncing back! 🥇📈
While the crypto market is bleeding, PAX Gold (PAXG) is showing an interesting setup. Looking at the 4-hour timeframe, the price has finally found a bottom after a heavy sell-off. Here is my technical breakdown:
🔴 Market Structure (MS): The price dropped sharply into the "Discount" zone, sweeping liquidity near $3,980. However, we can now see a clear CHoCH (Change of Character) to the upside, indicating a potential shift in momentum.
📉 Key Zones: • Resistance: The Equilibrium level at $4,100 is the immediate hurdle. Above that, $4,120 - $4,140 is a major supply zone. • **Support:** Price is currently holding well above the local support of $4,020 - $4,040.
👀 What to watch? The bulls are trying to reclaim the moving averages. If PAXG holds this support and breaks above the $4,060 level with volume, we could see a relief rally back toward the $4,100 equilibrium. A failure to hold $4,020 could lead to another retest of the discount zone.
Are you trading Gold as a hedge against the crypto market drop? Let me know! 👇
⚠️ Always manage your risk. This is not financial advice.
Ethereum is finally showing some strength after sweeping the Equal Lows (EQL). Price has bounced from the Discount zone and is now trading around $2,371. Here is the updated technical breakdown:
🟢 Market Structure (MS): We can clearly see a CHoCH (Change of Character) to the upside. This is a strong signal that the short-term bearish momentum might be shifting.
📉 Key Zones: • Support: The $2,300 - $2,330 area held perfectly, acting as a strong demand zone. • Resistance: Price is currently approaching the $2,400 - $2,440 supply zone. The moving average is also acting as immediate resistance here.
👀 What's next? The price is reacting well to the bullish CHoCH. If we get a 4H candle close above $2,400, we could see a push toward the Equilibrium level at $2,520. However, a rejection here could send us back to retest the local support.
Are you long on $ETH right now? Let me know below! 👇
⚠️ Always manage your risk. This is not financial advice.
Ethereum is mirroring Bitcoin's weakness. Looking at the 4-hour timeframe, the structure is clearly bearish. Price is currently trading around $2,308 after a significant drop. Here is my technical breakdown:
🔴 Market Structure (MS): We can clearly see a Change of Character (CHoCH) followed by a strong Break of Structure (BOS) to the downside. The trend remains bearish.
📉 Key Zones: • Resistance: The $2,400 - $2,440 area is acting as a strong supply zone. We also have the Equilibrium level up near $2,520. • Support: Price is currently testing a local support and is sitting deep in the "Discount" zone. We also have Equal Lows (EQL) near this current price which might act as short-term liquidity.
👀 What to watch? The price is currently consolidating at the bottom. If it breaks below this EQL support, expect a further drop. However, if we get a short-term relief bounce, the $2,350 - $2,360 area (where the moving average is) could be a great shorting opportunity.
⚠️ Always manage your risk. This is not financial advice.
How low will $ETH go? Let me know your thoughts! 👇
Looking at the 4-hour timeframe, Bitcoin is currently showing a clear bearish structure after a major sell-off. Price is currently trading around $79,980. Here is my technical breakdown using Smart Money Concepts:
🔴 Market Structure (MS): We have seen a clear Change of Character (CHoCH) followed by a Break of Structure (BOS) to the downside. This confirms the short-term trend is bearish.
📉 Key Zones: • Resistance: The $83,000 - $84,000 area (Equilibrium) is now acting as a strong supply zone. • Support: Price is currently testing a local support and is hovering in the "Discount" zone (below $80,000).
👀 What to watch? The price swept liquidity below $80k and is trying to hold. If it loses this current support, the next major demand zone is lower. However, a short-term bounce toward the $81,000 - $81,500 (Premium area) could be a good shorting opportunity if we see rejection.
⚠️ Always manage your risk. This is not financial advice.
What are your thoughts on $BTC? Bullish or Bearish? 👇