The daily gold chart continues to squeeze. There is a horizontal between the 89-day moving average and the falling trend. Our falling tops are forming. Each peak has started to form below the previous one. In other words, the falling tops are relatively horizontal and the rising bottoms scenario continues. On Thursday and Friday of last week, we saw a movement above the intermediate falling, above 2681. However, on Monday, we went back inside before the second day's closing occurred above the falling trend, which we call the second day's closing. However, there is a figure here. Let's pay attention to this. Since we left the 89-day moving average, the 8-day moving average continues to be support. In this sense, 2652, but I will round it to 2650 and 2615, these are short-term support zones that are currently working. We also have a medium-term support coming from 2570. First of all, staying above 2615 - 2650 continues the cautious upward movement.
I say cautious because there are falling tops. If we are following an upward transaction, it is useful to be a little bit controlled. Because the graph is leaning towards the right and there is no serious momentum. Therefore, the ounce movement of gold, which continues to stay above 2615, will continue the discipline of following the main targets of 2707 and 2787. The only cautious message that the graph tells us is this; since there are falling peaks and the bar lengths of the graph are getting increasingly narrow, since there is some weakness and compression, if we are following an upward transaction, let's read above 2615 positively, but the movement above 2611 in 2707 creates a compression. We read above 2615 positively until 2707 is passed. We manage the appetite level in our positions until 2707 is passed. The ounce of gold, which continues to stay above 2650 - 2615, will continue to make 2707 a short-term resistance target. It will continue to make 2787 a main target. The upward trading discipline falls to short trading or default below 2615 with 2570. I also read the falls to 2570 as a good opportunity for the medium term.
We also went from $26 to $35 in ounce silver. Now there is a narrowing and squeezing triangle here. When we look at it in general, as a result, we are balancing in the golden ratio of the 26.5 to roughly $35 rise. We made a double bottom in the golden ratio and 233-day moving average region. We made a double bottom at the 28.80 level that I explained 2-3 weeks ago. This was important and relatively positive. We do not have a daily chart of ounce silver that will be extended too much. The 28.80 - 28.20 support line can be read as a support region, especially in a way that all sags towards this region will maintain the main target of 31.70 intermediate 32.90. If 30.70 is exceeded, ounce silver will move from the approximately 3-month downward trend and correction process to an upward momentum and a safer, more appetite playing field towards 31.70 - 32.90. Therefore, it is extremely healthy to read the pullbacks towards 28.80 - 28.20 as part of the process until 30.70 is exceeded. In fact, it is not a problem to read long above this region after 30.70 is not exceeded, but since the momentum and yield curve will not start to be triggered, I cannot say that it is relatively safe.
When looking at the Bitcoin daily chart, they threw two wicks at the 89-day moving average on Sunday and Monday. They crowned the trend concept. If the 89272 - 88378 region is broken, the trend ends. While you are chatting about 125000 - 150000, they introduce you to 77000 - 66000. As long as it stays above 89272 - 88378, the trend discipline is tested with two needles, so this is relatively positive. Therefore, risk management should be managed with these two numbers, one or more closings below them. Especially, even one closing can create serious pressure below 88378, which can be spoiling the fun. Therefore, let's not extend it, the movement from the 108000 - 106000 region to 89000 is on the border of a medium-term correction. Unless this is broken, this is a correction. But if this is broken, it is finito. As long as it stays above 89000 and 88000, we will read this in quotes as relatively positive. But as long as it stays above 89272 - 88378, I am putting an exclamation point on the number 99676. Because an important rising channel here, Fibonacci resistance, will be passed. We will say the following at the second closing above 99676. It confirmed this trend, threw two wicks at 89000, now we will say it is going to 105000. It broke the short-term decline and completed its correction. Trump is also wearing the presidential shirt soon. He also has a surprise. We will say they will do something with Elon Musk and continue the upward transaction discipline above 99676 towards 105862 - 106800. Here I can say that 99676 will be the determining factor in whether the movement from 89000 at midnight on Monday will be complete or continue.
When looking at the weekly chart in Ethereum, there was not a completely satisfactory upward movement. It is not possible because 78.6 was not passed. I had stated that if the Fibonacci 78.6 of the 4869 - 998 decline is passed, the gap between Ethereum and Bitcoin will close and Ethereum will enter the spoiled phase. If 4041 is passed, Ethereumers will say that the wind has started to blow from behind towards 4869 - 5923. Unless or until 4041 is passed, 4041 above and 2597 below will be the zigzag zone. As a result, Ethereum continues to sleep in the 4041 - 2597 band. We can probably say that it is one of the rare major cryptos that does not move at all. Therefore, it continues to squeeze the triangle at 4041 - 2597. A 2-day close above 4041 will trigger the 4869 - 5923 movement. Here, the graph, which has 3 short-term combo peaks, enters momentum if it passes 4041. Otherwise, it seems healthier to chase the band instead of waiting for momentum in Ethereum.
When looking at the weekly chart, Solana made its double top. It hit the wick at the 34-week moving average, that's $171-172. The medium-term trend won't end unless the 171-158.30 trend support is broken. If 158.30 is broken and it closes below it for 2 days, the trend will end. If 158.30 is broken, a down trade discipline towards 134-105 will be triggered. If 171 is broken, small bear grumblings will start, I have to be careful, if 158.30 is broken, I have to say my friendship was with the trend, I'm done and defend against the 134-105 risk. It's necessary to be controlled unless these are broken. Because if momentum is expected, it has to pass the old peak, that was $259. We can read 158 and 171 as short and medium term support zones. If we are going to do a little more diligent and eager position management in Solana, let's pay attention to 206.70. If this is passed, it will continue upwards towards 259.67 or even 327 with confirmation. We will pay attention to 206.70 for it to continue with confirmation, and we will manage the risk with 171 or 158.
Look, this is technical analysis. As long as 171 - 158 is not broken, it is cautiously optimistic, and the bear attack changes dimension a little more under 171. In other words, we will say that the power of the slap will change. We will say that bears are coming to kill under 158. As long as these are not broken, the 171 - 206 zone is the zone that should be watched cautiously. Above 206.70, it may go towards 259.70 and 327 in Solana. If you are a trader, better rhythms can be formed in bitcoin and solana. In other words, if you are a disciplined trader, you can make better trades from there. But if you are an investor or want to invest, you will always take the chart that has not gone (etherum). While there is a chart that has reached its old peak or a chart that has gone to fibonacci 1.618 - 2.618, it is more rational for me to chase a chart that has not even passed fibonacci 78.6.
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