Chart Patterns
SOLANA on the verge of a parabolic breakoutHi all, happy Saturday. COINBASE:SOLUSD has seen a recent rapid rise due to increased memecoin volume and a proposal a Solana ETF. The new administration could also bring potential further bullish momentum for the alt-coin.
In addition, from a technical perspective, Solana has recently break it's previous 2021 all-time high on strong volume which is possible bullish sign for continued upward momentum in the coming months.
Highlighted is an ultra-bullish scenario where we see a 10x move to the upside similar to 2 previous occasions shown in the chart. More conservatively, I am confident we can see a $450-$500 price by the end of this calendar year - which would still yield an impressive 100% return.
Happy trading, and have a great weekend!
BTCUSD: NEW HIGHER HIGH (BULLISH)Disclaimer: This analysis is not a trading advice but is for learning purpose only.
My dear fellow trader! what do you think about BTCUSD today's trend.
BTCUSD current price:104400
BTCUSD is fundamentally and technically Bullish. I gave 109000 target because market t test this area before it goes further high. now BTCUSD will be create new higher high.
SUPPORTING AREA:103200_102200
RESISTENCE AREA: 106000_109000
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HNT in weekly chartMy last idea for Helium was failed but I wish I could show you all that Ii had purchased HNT in higher levels. What has happen was not a disaster, although it would be great if I could have been able to figure out this correction. What is matter for a an elliottician is that what had been made between March 2023 and February was an impulse wave that is a signal of a long term journey. My strategy is to buy again if you can or just let this trend a little more time to give back your money with a bunch of profits in the next months.
One thing more. When a trend makes a longer correction it means that we might see longer impulse.
Be positive.
A big move is brewing on this AI CoinAI the hypest narrative in the space today.
This coin has an interesting use case.
But most of all, the market cap is low enough for it to rip up.
The chart looks extremely bullish.
And perpetual funding rates keep oscillating into negative territory, possible due to large amounts of shorts piling in - meaning, a short squeeze is inevitable.
BCHUSDT will outperform other altcoinshi traders,
Since reaching a 700ish high in April 2024, BCHUSDT has experienced a 61 % correction.
I expect that things are about to change for BCH and it will happen very very soon.
The support seems to be holding strong and I really don't see a reason why the price should go below 400$ again.
The expected outcome is visualized on the chart.
Good luck
EURUSD: Short Trade Explained
EURUSD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURUSD
Entry Point - 1.0491
Stop Loss - 1.0534
Take Profit - 1.0395
Our Risk - 1%
Start protection of your profits from lower levels
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ICPUSDOn the weekly chart you can see the RSI has held above this line since ICP launched in 2021. For the most part, each time the RSI touched the line we had a price reaction to the upside. There is also the wedge I have been pointing to and the RSI touching the line that could happen at the same time.
Good luck
ADA to 1.15 zone with the break out of this ascending triangleADA to 1.15 zone with the break out of this ascending triangle
65% probability of a break out to the upside.
There will be big resistance at 1.08- 1.10
to take this trade wait for a break out above the green line and wait for a pull back to turn it into support
USDJPY 2 part trade buy then sell 19/01 to 24/01USDJPY trade idea for the coming week.
Expecting USD to rise early on in the market because of the presential inauguration and Trump implementing his new policies before we see a correction in the market.
My thoughts are entering a buy at 156.400 up to my sell level at 157.395 and then sell it down to the golden zone on the 4-hour chart which is 154.973.
Ill update this as the week progresses.
Trade is based on the higher time frame support and resistance and trend lines.
As I was charting this it just jumped out at me seems a pretty easy chart but only time will tell.
In the coming week just be careful market will be volatile and expect big movements in the USD at least initially until it settles down towards the end of the week.
#NAS100USD 4HNAS100USD (4H Timeframe) Analysis
Market Structure:
The price has formed a sell engulfing candlestick pattern in a key resistance area, indicating increased selling pressure. This bearish reversal pattern suggests that sellers are gaining control, and the price may start moving lower from this area.
Forecast:
A sell opportunity is expected as the sell engulfing pattern signals a potential bearish reversal. The price is likely to target nearby support levels if the selling momentum continues.
Key Levels to Watch:
- Entry Zone: Near the sell engulfing area after confirmation of continued bearish pressure.
- Risk Management:
- Stop Loss: Placed above the high of the sell engulfing candlestick to manage risk.
- Take Profit: Target significant support levels below for potential downside movement.
Market Sentiment:
The sell engulfing candlestick pattern reflects bearish sentiment, suggesting a potential reversal from the current resistance area. Proper confirmation is recommended before entering the trade to align with market momentum.
US10Y: Buy signal on the 1D MA50.The U.S. Government Bonds 10 YR Yield is neutral on its 1D technical outlook (RSI = 54.381, MACD = 0.046, ADX = 33.861) as it is on a bearish wave insde the long term Channel Up pattern. The last HL bottom was priced on the 1D MA50. That is the most efficient buy entry to target the 4.0 Fibonacci extension (TP 5.100).
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Be careful with EURUSD !!!As you can see, the price has broken the head and shoulders pattern, and now, with a slight correction, the price can grow by the amount equal to AB = CD.
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!