Solana (SOL) Elliott Wave Analysis – Potential Roadmap for UpcomMEXC:SOLUSDT
Overview:
This analysis examines Solana’s current Elliott Wave structure. The chart suggests a potential correction (blue zone), followed by a strong upward impulse (Wave 3), and later a larger ABC corrective phase (red letters) before potentially resuming a bullish trend.
1. Short-Term Scenario (Blue Zone)
- Complex Correction: The price has recently undergone a multi-wave correction and is approaching a potential buying zone.
- Fibonacci Levels: Zones around 61.8% and 78.6% may act as support levels where the correction could end.
- Entry Opportunity: If the price tests these levels and shows signs of forming a base, this could be a favorable entry point.
2. Next Upward Impulse (Wave 3)
- Strong Move: Once the correction concludes, an impulsive upward movement (Wave 3) could kick off, typically the most dynamic leg in an Elliott Wave cycle.
- Target Area: The highlighted yellow zone in the chart indicates a key resistance level that the market could aim to hit.
3. Mid-Term ABC Correction (Red Waves)
- After the Impulse: Once the impulsive upward move (Wave 5) completes, a larger ABC corrective phase is expected (denoted by red letters).
- Retracement Levels: Fibonacci retracement levels around 50% or 61.8% may serve as critical support zones during this correction.
4. Long-Term Perspective
- Renewed Bullish Trend: Following the completion of the ABC correction, there is the potential for Solana to resume its bullish trajectory.
- Target Zone: The green area in the upper section of the chart represents a possible long-term resistance or target level where a significant market decision could take place.
Conclusion:
- Short-Term: A correction toward the blue zone is possible, which may offer a good entry opportunity if support holds.
- Mid-Term: A robust upward impulse toward the yellow resistance is anticipated, likely followed by a larger ABC correction.
- Long-Term: Once the correction completes, Solana could resume an upward trend, setting the stage for a new bullish phase.
- Disclaimer: This analysis is for educational purposes only and should not be considered financial or investment advice. Always practice proper risk management when trading.
Beyond Technical Analysis
Opening (IRA): PLTR May 17th 100 Covered Call... for a 86.55 debit.
Comments: After closing out my long-dated covered call for a realized gain, re-upping with a shorter duration setup with a max profit potential of greater than 11.18, which is what I'm net down on this underlying YTD.
Metrics:
Buying Power Effect/Break Even: 86.55
Max Profit: 13.45
Will look to roll out the short call at 50% max to reduce my break even.
Title: Bitcoin Targeting $56,000? Fibonacci Shows the Way!
On a specific timeframe, it’s clear that the 50% retracement level from Fibonacci has not been tested yet. By applying the Fibonacci retracement tool to the recent downward impulse, we can see that after testing this level, Bitcoin could potentially move toward the 161% extension, which aligns with a target of $56,000 per BTC.
The price dropped impulsively, yet the recovery has been slow and weak. However, in my opinion, this target remains achievable. What do you think? Will Bitcoin reach this level? Share your thoughts in the comments!
USD/JPY Trend Today - Unfavorable for JPY🔔🔔🔔 USD/JPY news:
👉Private sector activity in Japan deteriorated in March, as the composite PMI dropped from a six-month high of 52.0 in February to 48.5, signaling a renewed decline in business activity. The services PMI fell to a three-year low of 49.5 from 53.7 in February, while the manufacturing PMI declined to a multi-year low of 48.5 from 52.0 in the previous month.
👉Meanwhile, Japan’s Finance Minister, Katsunobu Kato, warned that "Japan has not yet overcome deflation." He noted that rising prices were primarily driven by a weak yen and high commodity costs rather than a cycle of wage growth and consumer demand.
👉The Bank of Japan (BoJ) is unlikely to tighten its policy significantly beyond current levels, which poses a downside risk for the JPY. Swap markets continue to indicate a rate hike of less than 50 basis points over the next twelve months.
Personal analysis:
👉JPY is underperforming most major currencies, JPY is unlikely to gain traction over USD due to the impact of fundamental information. Therefore, in the short term, this pair will maintain its upward momentum
👉However, USD/JPY is approaching the strong resistance level of 151.00. Besides, RSI (1H) is entering the overbought zone, so there will be a technical pullback to create momentum for the main uptrend.
👉Analysis based on important resistance - support and Fibonacci levels combined with Pivot points and RSI to come up with a suitable strategy
Plan:
🔆 Price Zone Setup:
👉Sell USD/JPY news: 151.00 - 151.10
❌SL: 151.45 | ✅TP: 150.60 – 150.20
FM wishes you a successful trading day 💰💰💰
Opening (IRA): PLTR May 16th 90 Covered Call... for a 76.56 debit.
Comments: After taking off my iron condor for a loss, structuring a covered call such that the max profit potential is greater than the loss experienced by the nondirectional of 13.11.
Metrics:
Buying Power Effect/Break Even: 76.56
Max Profit: 13.44
ROC at Max: 17.55%
Will generally look to roll out the short call out and/or down and out at intervals to increase profit potential and/or reduce downside break even ... .
Bitcoin Breakout | Bullish Momentum Building Towards $98K+Key Observations:
Ascending Channel: BTC has been trading within an upward-sloping structure, confirming bullish momentum.
Retest Level: The price has pulled back to the trendline for a retest, a crucial confirmation point before potential upside continuation.
Target Projection: The expected breakout move suggests a 13.69% increase, targeting $97,467 - $98,630 levels.
Support Levels: Key supports are around $85,335 - $84,474, which could act as a safety zone if price rejects the breakout.
Trading Plan:
Bullish Bias: A successful retest and bullish confirmation could propel BTC to the $97,467 - $98,630 resistance zone.
Invalidation: A drop below the support zone near $84,474 may invalidate this bullish outlook.
Conclusion:
BTC/USD is displaying strong bullish potential, with a well-formed ascending structure and a possible breakout move. Traders should watch for confirmation of the trendline retest before entering long positions.
+120 pips in profit and still running !!!I sent in this setup before the New York session and told you all the reason for the entry and as always, it's the same strategy i always use even for my previous trade ideas i share on here.
Price is still bearish until the trendline liquidity is taken and that's still quite far which means price is still bearish.
(XAU/USD) Sell Setup |Bearish Move Expected Towards Key SupportAnalysis:
The price has experienced a strong uptrend but is now showing signs of resistance near the 3,054.161 level.
A support level is identified around 3,000, which has been tested multiple times.
A potential sell setup is indicated after the price retested a resistance-turned-support zone around 3,027.737.
The target for the downside move is marked at 2,942.844, aligning with a previous support level.
If bearish momentum continues, a further decline toward 2,915.859 is possible.
Trading Idea:
Sell Entry: Around 3,027-3,030 after confirmation of rejection.
Stop Loss: Above 3,054 (recent resistance).
Take Profit Targets:
TP1: 2,942
TP2: 2,915
Market Sentiment:
The price is reacting to key levels, and if it breaks below 3,000, it could accelerate the bearish move.
A break above 3,054 would invalidate the short setup and could push the price higher.
I have revised the description of the big picture
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
-------------------------------------
I used TradingView's INDEX chart to check the entire range of BTC.
I rewrote it to update the previous chart while touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10).
(Previous BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the upward trend is expected to continue until 2025.
-
(Current BTCUSD 12M chart)
Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15).
It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54).
(BTCUSDT 12M chart)
Based on the BTCUSDT chart, I think it is around 42283.58.
-
I will explain it again with the BTCUSD chart.
The Fibonacci ratio ranges marked in the green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges.
In other words, it seems likely that they will act as volume profile ranges.
Therefore, in order to break through these ranges upward, I think the point of observation is whether it can receive support and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).
Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range.
In order to do that, we need to see if it is supported and rises near 2.618 (134018.28).
If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%.
Therefore, if it starts to fall near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54).
I will explain the details again when the bear market starts.
-
Thank you for reading to the end.
I hope you have a successful trade.
-----------------
Why we think SBC Medical Group is set for a rebound soon.Executive Summary:
SBC Medical Group Holdings Incorporated has emerged as one of the more compelling names in the post-SPAC public company landscape. Having successfully completed its business combination with Pono Capital Two, Inc. on 17 September 2024, the Japan-based aesthetic medical services provider now trades on Nasdaq under the ticker “SBC”. The SPAC merger valued the company at approximately USD1 billion and provided it with over USD11.7 million in net proceeds; capital that SBC intends to deploy strategically for international growth and asset diversification.
Key Investment Pointers:
At the heart of SBC Medical’s proposition is its extensive network of franchised and managed clinics in Japan, with forays into Vietnam and the United States. The company offers management services to cosmetic surgery and aesthetic dermatology clinics under the renowned “Shonan Beauty Clinic” brand, covering procurement, HR, customer loyalty, and more.
The SPAC listing has provided it with both visibility and liquidity at a time when demand for aesthetic healthcare continues to rise across Asia and globally.
The Group’s third-quarter results, covering the period ended 30 September 2024, underscore its operational strength. SBC posted total net revenues of USD53.1 million for Q3, a 12.3% year-on-year increase. Gross profit surged to USD43.2 million, yielding a gross margin of over 81%, reflective of the company’s high-margin service model.
While operating income dipped compared to the prior year due to a one-off non-cash stock-based compensation expense of USD12.8 million, net income for the nine-month period still rose to USD40.1 million, a 60% increase compared to the same period in 2023.
Its balance sheet tells a story of disciplined financial management and scalability. As of 30 September 2024, SBC held USD137.4 million in cash and cash equivalents, up from USD103 million at the end of 2023.
The company also saw a significant reduction in total liabilities from USD115 million to USD91 million, while shareholder equity rose to over USD205 million. These figures point to a solid capital base capable of absorbing strategic investments and macroeconomic volatility.
In a move that has drawn considerable market attention, SBC Medical has also initiated a diversification of its corporate treasury into Bitcoin.
With the cryptocurrency having rebounded strongly to the USD86,000 level, SBC’s entry appears both timely and calculated. While the exact volume of the acquisition has yet to be disclosed publicly, the Group has indicated that its Bitcoin holdings are part of a broader strategy to preserve purchasing power in a globally inflationary environment and align itself with digital-native investors. The decision places SBC in the company of firms like MicroStrategy and Tesla, which have similarly sought value preservation through Bitcoin.
The strategic trifecta of a successful SPAC listing, strong underlying financials, and an asset diversification play into Bitcoin positions SBC Medical favourably in the eyes of institutional investors. With Q4 results expected soon and a bullish cryptocurrency market supporting sentiment, SBC could well be on the cusp of a re-rating by the market.
If its fundamentals remain sound—as recent filings suggest—they may indeed ride the same momentum wave currently lifting digital assets and new-age healthcare stocks alike.