Attention traders! XAUUSD is on fire, setting new highs with precision! Check this out: XAUUSD Insight: Locked in a fierce contest between 2790 and 2797. Is a breakout near? Downside Watch: Stay cautious for potential drops if it dips below this range! Targets: 2789, 2780 Upside Watch: Look for buying signals if it rises above! Targets: 2808, 2815.
Analysis of SOLUSDT Perpetual Swap (30M - OKX) 1. Trend Analysis Mid-Term Uptrend but Weakening: Price is still above EMA 100 and EMA 200, indicating a broader uptrend. However, price is facing rejection from EMA 20, and a Sell Signal has appeared, suggesting increased selling pressure. Recent movements indicate a potential retracement (pullback) or short-term reversal. Hitting Resistance and Potential Correction: The price was rejected from the supply zone at 244.75 USDT, which acts as a key resistance level. Now, the price is pulling back and testing the support zone at 236.28 - 233.67 USDT. 2. Key Resistance Levels ? Major Resistance Zones: 241.77 - 244.75 USDT: A supply zone where price was previously rejected. A breakout above this level could signal continuation. 249.98 USDT (Stop-Loss Zone): If price breaks this level, it may confirm a breakout for further upside. 3. Key Support Levels ? Key Support Levels to Watch: 236.28 USDT (TP1 / Fib 0.382): First support level. If price holds, a potential bounce could happen. 233.67 USDT (TP2 / Fib 0.500): If the first support breaks, this would be the next key level. 231.06 USDT (TP3 / Fib 0.618): A deeper retracement zone where buyers may step in. 228.72 - 225.12 USDT: A strong support area for a potential major rebound. 4. Risks & Concerns ⚠️ Potential Risks to Monitor: If price breaks below 236.28 USDT, further downside is likely. EMA 20 is acting as resistance, which could lead to more selling pressure. Volume is still weak → If no strong buying volume appears, the price could continue to fall. 5. Trading Strategy ✅ Long Scenario (Buy Entry): Entry: Wait for a bounce from 236.28 - 233.67 USDT support zone. Target 1: 241.77 USDT (EMA 20 Resistance) Target 2: 244.75 USDT (Supply Zone Retest) Stop-Loss: Below 233.00 USDT ✅ Short Scenario (Sell Entry): Entry: If price rebounds but fails to break 241.77 - 244.75 USDT. Target 1: 236.28 USDT Target 2: 231.06 USDT (Fib 0.618 Zone) Stop-Loss: Above 245.00 USDT 6. Summary ? SOLUSDT is still in an uptrend but facing increasing selling pressure. ? Key support is at 236.28 - 233.67 USDT. A break below could lead to 231.06 - 228.72 USDT. ? Major resistance is at 241.77 - 244.75 USDT. A breakout above could signal further gains. ? Trading Strategy: Wait for a bounce at support or short if price gets rejected at resistance. ? Recommendation: Confirm price action before entering trades. If volume remains weak, further consolidation or correction is likely. ? Would you like a deeper analysis on any specific aspect? ??
? BTC/USDT – Finalized Trading Plan & Strategy ? Current Market Overview Price: 104,500 USDT Trend: Short-term bearish correction from resistance. Structure: Change of Character (ChoCH) suggests potential downward move. ? Sell Setup (Limit Order) – High Probability Trade ? Sell Limit: 105,800 - 106,000 (Strong Resistance Zone) ? Stop Loss (SL): 107,000 (Above key resistance) ? Take Profit (TP): TP1: 102,500 TP2: 100,500 - 100,000 ✅ Why Sell Here? Resistance Zone: Multiple rejections at 106K. Bearish Engulfing Pattern: Indicating selling pressure. Fibonacci Level: 78.6% retracement near 106K. Strong Supply Area: Previous liquidity grab at 106K. ? Buy Setup (Limit Order) – Strong Demand Zone ? Buy Limit: 100,000 - 100,500 (Support Zone) ? Stop Loss (SL): 99,000 ? Take Profit (TP): TP1: 103,000 TP2: 105,500 ✅ Why Buy Here? Key Psychological Support: 100K is a major demand zone. Fibonacci Support: 61.8% retracement of previous rally. Previous Breakout Zone: Likely to act as strong support. Possible Bullish Reversal: Price action suggests bounce potential. ⚡ Instant Trade (Short-Term Intraday Setup) ? Sell Now at: 104,500 ? Stop Loss (SL): 106,000 ? Take Profit (TP): 102,500 ✅ Why Sell Now? Bearish Confirmation: Weakness near resistance. Short-Term Rejection: Price struggling to break higher. Low-Risk Scalping Opportunity. ? Technical Indicator Confirmations ✅ EMA Analysis: Price rejecting near EMA resistance. ✅ Support & Resistance (SNR): 106K strong resistance, 100K strong support. ✅ Fibonacci Levels: 106K (78.6%), 100K (61.8%). ✅ Engulfing Candlestick Pattern: Bearish at key resistance. ? Final Trading Advice & Execution Plan Sell Near 106K, Buy Near 100K for best risk-reward. Use Stop Loss & Risk Management to protect capital. Wait for confirmations before entering trades.
It’s necessary for all cryptos imo. Chart looks fantastic. I think 100-125 is real this cycle. Outside shot of 240-250.
HOOD broke out of the resistance and is holding the company also reported 36% increase $637 million net increase and shows prominent growth. It seems like a good addition to my portfolio.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a EUR/USD Sell, NZD/USD Sell & a USD/SGD Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
Ethereum (ETH/USDT) 4H Chart Analysis Falling Wedge Breakout Potential Technical Breakdown The 4-hour timeframe for ETH/USDT indicates a falling wedge pattern, a typically bullish structure that suggests a potential upside breakout. Price recently hit $3,200, currently consolidating within the wedge formation. The wedge pattern consists of lower highs and lower lows, compressing price action into a tightening range, which increases the probability of a breakout. A breakout above the upper trendline could trigger a strong bullish move, confirming buyers stepping in. Key Levels to Watch Breakout Confirmation A 4H candle close above the wedge trendline is crucial to confirm a bullish breakout. Immediate Resistance $3,500 This level might act as the first resistance after a breakout. Support Zone $2,750 - $2,700 – If price faces rejection, this zone could serve as strong support before another attempt to break higher. Trading Strategy Long Entry Wait for a 4H candle close above the wedge trendline to confirm the breakout. Stop Loss Below $2,900 (recent swing low) to manage risk in case of a false breakout. Targets First Target $3,500 (psychological and technical resistance) Second Target $3,900 (major resistance from previous price action) Third Target $4,300+ (bullish continuation if momentum sustains) ETH is at a critical inflection point, and a breakout above the wedge could lead to a significant bullish move. Keep an eye on price action, volume, and confirmation signals before entering any trades.
First part is hour. Rejection off the top, point of control at 6088, Liquidity void and USDCHF showing Bullish. Running 3 accounts 1 NQ short each, small account 1 ES short.
Bitcoin is pushing into the all-time-high demand zone here. A wedge breakout that was verified on a retest. Stochastic RSI is open, and BBWP had a nice rest. The more wicks that test this zone, the more supply that gets eaten. We are setup for a breakout here. Jan is closing bullish and Feb will be very strong. My bearish target is 120k. More bullish we fly past it to 128k.
The market has tested the current Daily area. Based on DAILY and 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible continuation to the upside. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.