BTC faced rejection at the $89,000 resistance level yesterday, triggering a pullback. However, the overall uptrend remains intact. Investors may consider long positions on signs of stabilization after this corrective move. BTCUSDT buy@84500-85500 tp:87000-88000 I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
BANKNIFTY Index is broken the the major trendline recently... price is now comes back to the topside for a retest. we have several points to consider before going to short... 1. price clears the trendline liquidity on the topside. 2.The liquidity above the right shoulder is finished. 3. price also taken the liquidity above the supply zone. price clears all the topside liquidity. based on these liquidity is finished on topside. Now price is exactly at the trendline retest area, we have to very careful at this area for a breakout or breakdown. there is no sign of consolidation at the resistance, we have to observe a strong consolidation for a clear breakout above the supply zone, then we have to look for a strong bullish price action then only a bullish. This strong bullishness leads to exhaustion of buyers after a clear break of major trendline. also there is a lot of liquidity lies below the Major level of support @46000 levels, and @44500 levels. This is a clear warning for us do not enter long side -- trap of buyers. (if price gives some pullback then a strong bullishness is observed with sign of bullishness leads to exhaustion.) It will leads to manipulation. Be careful here.
Marked important levels for this week Which coin should I analyze next ? The author's opinion may differ from yours, Consider your risks, DYOR.
Description: This trading idea focuses on ENA, a cryptocurrency designed to enhance the efficiency and scalability of decentralized finance (DeFi) applications. ENA plays a key role in facilitating seamless transactions, liquidity provision, and governance within its ecosystem, aiming to solve issues like high fees and slow transaction speeds. As DeFi continues to expand, ENA could benefit from increased adoption, strategic partnerships, and innovative use cases that strengthen its position in the market. Despite its strong fundamentals, the cryptocurrency market remains highly volatile, influenced by factors such as regulatory developments, macroeconomic trends, and investor sentiment. As with any investment, trading ENA requires a well-planned risk management strategy. Disclaimer: This trading idea is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like ENA involves significant risks, including the potential loss of your entire investment. Always conduct thorough research, assess your financial situation, and consult with a financial advisor before making investment decisions. Past performance is not indicative of future results.
Elliott Wave Trade Set Up minuette ii downside to be confirmed price reached strong resistence area 5810/5890 ICHIMOKU shows a buy mood in H4 - BUT kijun sen daily - 5831 EW - pull back looks corrective - abc zigzag - subminuette ii possible extention FIB levels - 5810/5890 Volume profile - POC still remains in the upper side of the graph monitoring development
Solana (SOL) is currently trading around $140, showing an upward trend since October 2023. Analysts predict that the next key target price for SOL is around $294. Several factors within the Solana network, along with broader crypto market trends, are driving this recovery. On March 24, SOL gained 8.5%, briefly surpassing $142. This price increase aligned with a general market rally, as traders became more optimistic about economic conditions. Memecoins also surged, with some gaining over 12% since March 23, showing a growing risk appetite among investors. Apart from market-wide movements, Solana has unique strengths fueling its rise. One major factor is increased activity on its blockchain. Additionally, former U.S. President Donald Trump's involvement in the memecoin market has sparked further interest. Moreover, anticipation of a spot Solana exchange-traded fund (ETF) has attracted top traders, suggesting SOL could see more gains ahead. Despite this, SOL has underperformed compared to the overall crypto market by 23.7% over the past two months. One reason is the sharp decline in network fees, which dropped by 93% in that period. This decrease started when traders lost interest in memecoins, but it later spread across Solana's decentralized applications (DApps). Currently, SOL is still 52% below its all-time high of $295. However, many traders believe the selloff might have been excessive. Solana remains the second-largest blockchain in terms of total value locked (TVL) and ranks third in on-chain transaction volumes. In comparison, Binance Coin (BNB) is down 20% from its peak, and XRP is 28% below its all-time high. Solana’s competitors, such as Tron and BNB Chain, also have strong on-chain activity. However, Solana’s smart contract deposits are valued at $6.8 billion, making it one of the leading networks. In contrast, BNB Chain holds 21% less TVL, with $5.4 billion. Solana’s key projects, such as Jito (a liquid staking solution), Kamino (a lending and liquidity platform), and Jupiter (a decentralized exchange), continue to support network activity. Another positive sign is the increase in Solana’s transaction fees. The network now generates more than $1 million in daily fees, surpassing Ethereum’s base layer. Recently, Solana’s revenue hit its highest level in two weeks, suggesting the market downturn might have bottomed out. Ethereum, by comparison, collected under $350,000 in fees on March 23. As a result, its supply increased because its burn mechanism could not offset weak blockchain activity. Meanwhile, Solana offers a 7.7% native staking reward, outpacing its 5.1% inflation rate, making it attractive to long-term holders. Another driver of SOL’s recent momentum is speculation about a Solana ETF. The U.S. Securities and Exchange Commission (SEC) is expected to decide on this by the end of the year. If approved, a spot Solana ETF could legitimize the asset, especially among institutional investors. Additionally, a recent social media post by Donald Trump mentioning the TRUMP memecoin sparked a wave of excitement. In response, several Solana-based memecoins saw double-digit gains, including Fartcoin (up 15%), Dogwifhat (up 12%), and Pudgy Penguins (up 12%). Overall, SOL’s price outlook remains promising, supported by strong network activity, rising fees, and bullish sentiment from top traders.
Forex Traders Focus on Trump’s Tariff News As April 2 approaches—the date when Trump's international trade tariffs are set to take effect—traders are increasingly concentrating on this highly uncertain issue. Yesterday, the U.S. president stated that: → Tariffs on cars would be introduced "soon" (but not all possible tariffs would be imposed); → Some countries might receive exemptions; → Nations purchasing oil from Venezuela could face 25% tariffs. Following these remarks: → Oil prices rose; → U.S. stocks gained as Wall Street (according to Reuters) interpreted the comments as a sign of flexibility in trade negotiations. Given this backdrop, the EUR/CAD chart is particularly interesting, as both Europe and Canada frequently feature in news related to the White House's trade policies. https://www.tradingview.com/x/2N1Ra60A/ EUR/CAD Exchange Rate Today As seen on the EUR/CAD chart, the pair has slightly declined at the start of the week, dipping towards 1.54450. However, market volatility remains high: → The pair has gained approximately 2.85% since early March; → The decline from March’s peak is around 2.6%. Technical Analysis of EUR/CAD The pair’s volatile price swings have formed a trend channel (marked in blue). Notably, the 1.57750 level has shifted from support to resistance, signalling bearish dominance. This is further reflected in the price movement within the red channel. If bears maintain control, EUR/CAD may drop towards a support zone, which includes: → The median of the blue channel; → The 1.54000 support level, drawn from early March’s local low. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
cadjpy break major supply zone and retest looking for uptrend to 108.347 potential target
Dear friends! As Brian mentioned in his previous analysis, USDJPY's breakout from the bearish channel has led to a significant price increase. At the time of writing, the price is trading below the 151.00 resistance level. The upward trend is particularly strong as it consolidates at high levels with stable trading activity on the 1-hour timeframe. Additionally, the market's optimistic sentiment - driven by hopes for less disruptive US trade tariffs, Russia-Ukraine peace negotiations, and China's stimulus measures - is considered a headwind for the safe-haven JPY. This has contributed to making the market hotter than ever before. The price increase is expected to reach 151.85, which corresponds to the 1.618 Fibonacci level. What are your thoughts on this matter? Do you agree with me?
Guten Morgen, ich beobachte Gold nun schon länger und schätze, dass ich nun endlich zu einem Entschluss für den weiteren Verlauf dieses Assets gekommen bin. Das Problem welches Gold aktuell ein wenig darstellt, ist, dass wir auf dem Daily-Chart eine klare bearishe Reaktion an dem psychologischen Level von $3.000 beobachten können und dies eine finale Top-Bildung darstellen könnte. Der institutionelle Druck bei diesem Asset sorgt aber immer wieder dafür, dass sich hier kein wirklich gutes Gleichgewicht zwischen den übergeordneten und den untergeordneten Time-Frames bildet und sich manche Strukturen dadurch stark verzerren. Der gestrige Abverkauf hat auf dem Daily-Chart für den Fill einer signifikanten FVG geführt, welcher diese bestätigt hat und nun bereits die erste bullishe Reaktion zur Folge hat, welche wir aktuell auf dem 15min-Chart in Form unserer aktuellen UP-Trends (blaue Linie) beobachten können. In der aktuellen Struktur können wir dieses übergeordnete Retracement aber erst als abgeschlossen betrachten, sobald wir das bullishe Momentum definitiv bestätigt haben, was wir erst tun können, sobald Gold die über uns liegende 4h-FVG (rote Linie) bricht. Ein Bruch von dieser würde uns neuen Aufschwung ermöglichen und uns somit selbstbewusster in Long Positionen einsteigen lassen, im Gegen-Szenario sind wir hier erstmal auf kleinere Short Scalps angewiesen. Wie können wir nun von hier aus agieren? Aktuell befinden wir uns wie gesagt in einem sehr soliden und nachhaltigen Aufwärtstrend, welcher von einer signifikanten Up-Trendline (blaue Linie) und einigen 15min-FVG‘s geschützt wird und somit soliden Support zur Verfügung stellt. Wir würden diesen Support nun erstmal nutzen um eine Continuation zu traden, da sich Gold in letzter zeit impulsiv nach oben bewegt und eine Lücke zwischen der Trendline und dem aktuellen Kursverlauf gebildet hat, welche geschlossen werden muss. Um diese zu schließen müssen wir also so oder so ein Stück nach unten, weshalb wir ein Reversal in der markierten 15min-FVG anstreben können, da dort der Support der FVG (grüne Box) mit dem der Trendline (blaue Linie) sowie dem aktuellen Fib-Level zusammentrifft und somit das perfekte Setup bildet. Sobald wir also in diesem Support-Bereich angelangt sind, würden wir uns den Widerstand einer signifikanten 1min-FVG markieren, auf der Bruch warten und den anschließenden Rücksetzer (möglicherweise manuell) als ersten Long Entry nutzen, da der 4h-Close, welcher das Momentum bestätigt noch etwas länger weg liegt. Sollten wir nun weiter steigen, würden wir selbstverständlich einen Short anstreben, diesen können wir nun aber leider noch nicht sicher definieren, da sich aktuell kein konkreter Widerstand über uns befindet, welchen wir als klares Ziel ansehen können. Um also auch hier die Option auf einen Short nicht schwinden zu lassen, werden wir diesen anhand von dem Momentum in den kleineren Time-Frames ablesen, indem wir dort auf die Bestätigung eines signifikanten Supports warten und bei einem Bruch von diesem mit einem Short reagieren werden. Die genauen Setups hierzu kann ich erst mit euch teilen, sobald diese eintreten, solltet ihr aber bereits fragen hierzu haben, stehe ich euch im ?・trading-chat zur Verfügung, den Chart findet ihr bei ?・charts. Ich wünsche euch viel Erfolg und stehe euch bei Rückfragen jederzeit zur Verfügung. Tag: @Trading | @Signals