Market Overview: Trend: Solana is currently holding above the 200 EMA, signaling a potential support zone but struggling to maintain upside momentum. Key Levels: Resistance: ~$210 - $215 Support: ~$190 (EMA 200), ~$175 (stronger support) Indicators: MACD: Bearish crossover, indicating potential weakness. RSI: At 42.7, showing no strong overbought/oversold signals. Volume: Declining, suggesting market indecision. ? Scalping Strategy: ? 1. Range Scalping (Short-Term Play) Why? SOL is holding near the 200 EMA, making it a key liquidity zone. How? Buy near $190, targeting a bounce to $202 - $210. Sell near $210 - $215, as resistance is strong. Stop-loss below $188, as further downside could accelerate. ? 2. Breakout Scalping (If Trend Resumes) Trigger: A breakout above $215 or breakdown below $190. Execution: If SOL breaks $215, scalp long targeting $225 - $230. If SOL drops below $190, scalp short targeting $175 - $170. ? 3. EMA Scalping Why? SOL is hovering around the 200 EMA, which is a critical pivot point. Execution: Short near EMA 9 (~$202 - $205) if price fails to reclaim it. Go long only if price holds above $200 with strong volume. ? Mid-Term Trend Forecast (1-3 Weeks) Bias: Neutral → Bearish if $190 breaks Why? Failure to reclaim $210-215 resistance weakens bullish momentum. Holding the 200 EMA ($190) is crucial for bulls. A breakdown opens the door to $175. RSI is weak, showing no strong bullish confirmation yet. If SOL breaks above $215, a run to $230-$240 is possible. ? News & Market Context: No major bullish catalysts, so Solana is dependent on Bitcoin's direction. Whales may test liquidity below $190 before a stronger reversal. Watch for increased volume as a confirmation trigger. ? Decision: Enter or Stay Out? ? Short-term: Scalping is viable within the range, but caution is advised. ? Mid-term: Bearish unless SOL breaks and holds above $215. ? Ideal Play: Look for a bounce from $190 or short resistance near $210. ? Final Verdict: $190 is the battleground. Bulls must defend or risk a drop to $175. If $215 breaks, upside potential opens. ?
Dowsing went to AMD this morning and suggested a low in the $108 vicinity, which it gapped down to and ripped higher. I expect a somewhat extended move higher & possibly to $144. This is all based on my dowsing (as in with a pendulum) and is always interesting to see what plays out. I did get that there could be news today or tomorrow. The consolidating at these lows has been good, and actually, I have an old target around the 103-105/6 area based on 3 alerts that never quite got hit. So this is definitely a support as my levels are often pretty good, tho maybe not exact.
PIOC needs to be watched and placed on watchlist as it is anticipated that its going to give a good move towards the upside. It is approaching EMA50 and EMA100 from below and a crossover of the two EMAs is about to take place soon, hopefully. Daily RSI-14 has jumped upwards after touching min 36.84 to the current 50.18 and a positive crossover has taken place on the MACD, though it is yet to cross the Zero Line towards the upside on the DTF. Lets c how it plays, further. Potential Targets given on chart. There is a falling wedge Target approx. @ 250-255. Wish you all Happy Trading ?
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ?SILVER has been in a correction phase and it is currently approaching the lower bound of the blue rising wedge pattern. Moreover, the green zone is a strong structure and support zone. ? Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support. ? As per my trading style: As #XAGUSD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) ? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NASDAQ:AUR another AI stock that is consolidating. Had a huge run up after NASDAQ:NVDA partnership. Beginning of stage 2. Follow my patreon page/X for more content. NASDAQ:AUR
Powell’s Testimony Today: What It Means for Gold Gold is trading at record highs, breaching $2,942/oz, as markets gear up for Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress today. His remarks will likely set the tone for gold and broader market movements in the coming weeks. What’s Driving Gold Right Now? 1️⃣ Safe-Haven Demand: Uncertainty around U.S. trade policies, including new tariffs on steel and aluminum imports, has pushed investors toward gold as a hedge against economic turbulence. 2️⃣ Dollar Strength vs. Gold: A stronger dollar can weigh on gold prices, while dovish signals from the Fed typically weaken the dollar, supporting gold. 3️⃣ Inflation Risks: Rising inflation expectations due to tariff-driven cost pressures may also influence gold, which is traditionally seen as an inflation hedge. What to Expect from Powell’s Testimony Powell’s testimony is critical because it will give markets a clearer view of how the Fed plans to navigate the current economic challenges. ? Scenario 1 – Dovish Signal: If Powell emphasizes patience in rate adjustments, focusing on the need for stability amidst trade policy uncertainties, gold could rally further. A dovish tone would likely weaken the dollar and increase demand for gold as a safe haven. ? Scenario 2 – Hawkish Signal: If Powell shifts the narrative toward combating potential inflationary pressures, it could signal a more aggressive Fed stance. This might strengthen the dollar and lead to a pullback in gold prices. Why This Matters for Traders Gold is at a critical inflection point, and Powell’s tone could either reinforce the current uptrend or trigger a correction. Watch how the market reacts to his comments on inflation, tariffs, and economic risks. His stance could influence gold’s direction not just today but for weeks ahead. Key levels to watch: $2,950 (immediate resistance) and $2,900 (support). A breakout above resistance could open doors to new highs, while a break below support might signal short-term bearish momentum. Stay tuned and be prepared for potential volatility. Powell’s testimony is one of those market-moving events that traders simply cannot ignore. #gold #Fed #trading #Powell #forex #marketupdate motivate us by hitting boost button
Just going to try this " dip buy " here at 21 ema , as EAT is showing some potential reversal signs and I am bullish market as we had a news failure yesterday .... Just a share , starting up small here... This is premature but I am going to give it a shot .... as this is certainly a top trender and meets all the trading requirements , it so far also has very much respected the 21 ema , was only under once on Dec 9th since GLB and immediately took it back next day . I'm sure a lot of institutions are seeing that too.... This is a late buy vs GLB breakout and stock still super extended on weekly and monthly .Doesn't mean we cant make money still though . 1) above GLB 2)1/2 gaps pre glb 3) exceptional earnings and sales 4) tight clean moves 5)Good RS 6)Has 20% weekly candle 7) Bonus here is 2/2 gaps after GLB too .... 8)Also bonus ,yesterdays close also a potential volume anomaly = BUYING If we close below 21 ema twice or show specific weakness I will exit and update the trade in comments section .
From yesterday our sell position on NZDCAD was playing out smoothly but I knew this won't last for long because we needed a retracement and also we had two strong minor zone we would have to break to continue bearish. We broke the first zone but then price couldn't break the second one. Right now we are still in profit but price in now moving sideways/consolidating an has still yet to close below that 0.80800 - 0.80750 zone. This is what we will need moving further to see deeper bearish movements on this pair. I will be monitoring this closely.
NASDAQ:SOUN had a huge run up and now is consolidating showing a continuation pattern (ascending triagle).
hello guys! I published my reasons for an upward movement before: https://www.tradingview.com/chart/TONUSDT/xkUi7IPI-TON-telegram-coin-is-ready-for-an-upward/ Let's dig into the history of this coin and analyze what happened before and after forming this candle!