Time to buy SOLUSD lets gooo
Good morning!
Hello traders!
Wednesday, January 29, 2025
Bullish Falling Wedge Pattern Identified!
A Falling Wedge pattern is currently forming on the 4h chart, indicating a potential reversal.
Impulse Elliott wave completed successfully - we are looking for a breakout!
Maybe the recent pullback was a bear trap, and the price will rise soon!
You can buy at $226 for a short-term trade.
Stop Loss: $218
Take Profit: $260
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Best Wishes,
Tom 😎
Longsetup
SOL’s Golden Zone: $217-$213 The Perfect Long Setup?SOL is still in a corrective phase, with the 0.618 Fib retracement of the entire wave at $217.27 yet to be tested. This level aligns with key technical confluences, making it a critical zone to watch.
Recent Price Action & Short Trade Recap:
Today, SOL retested the pwdOpen, aligning perfectly with the Point of Control (POC) and the 0.618 Fib retracement of the smaller downward wave, making it an ideal short entry
The reaction was significant, but now the focus shifts to whether $217 will finally be tested
Long Trade Setup:
Entry Zone: $217 - $213
Stop Loss (SL): Below $210
Take Profit (TP): $260, targeting the next major resistance level
Why This Setup is High-Probability:
1.) Fibonacci Confluence:
The 0.618 retracement of the full wave at $217.27 is a key level where buyers may step in
Weekly Support at $213.35 adds strength to this demand zone
2.) Liquidity Sweep Potential:
A dip into $217-$213 could liquidate long positions, setting up a strong reversal if buyers reclaim control
3.) Upside Targets:
2021 all-time high (ATH) and beyond
Final Thoughts:
Key Levels to Watch: $217-$213 for long confirmation
Look for volume confirmation and bullish reaction before entering
If SOL holds above $217, this setup could provide an excellent R:R trade
This could be a golden opportunity for a high-conviction long. Let’s see how SOL reacts! 🚀🔥
DEEP in the Game: Perfect Long Setup UnfoldingDEEP has recently shown an impressive move, surging by +65% in just one day. This is a strong sign of momentum, but now we are at an interesting stage, with price ranging within certain key levels.
Key Price Levels:
1.) Resistance at $0.276255 (Weekly Level & Fib 0.618):
DEEP has been reacting precisely to Fibonacci levels and key price zones. After reaching the 0.618 Fib retracement, it encountered strong resistance near the weekly level at $0.276255. Since then, the price has been in a pullback phase
2.) Head and Shoulders Pattern:
After the impulsive move, DEEP formed a head and shoulders pattern, which was broken to the downside. The classic pattern completion confirms a bearish bias, but the subsequent retest of the broken neckline leads us to the current range
3.) Support at $0.209732 (Fib & Liquidity Zone):
The Fib retracement 0.786 of this 5-wave impulse aligns with $0.209732, where we also see liquidity stacking up. This is an ideal support area where we might see a bounce, given the confluence of the head and shoulders target aligning here
The Fib retracement 0.618 from the larger wave is close at $0.208073, giving us even more confirmation of the importance of this region
4.) Fib Speed Fan:
Additionally, the Fib speed fan places the 0.818 level right at this support zone. This adds another layer of confidence to the idea that this could be a strong entry point for the long setup
Trade Setup:
The combination of these factors creates an ideal long setup:
Entry Range: The key levels we are looking at for entering are between $0.21 and $0.208.
Major Confluences: We have the Fib retracement 0.618 from the larger wave, head and shoulders target and Fib speed fan support all aligning here. This is not just coincidence, it's a perfect storm of technical support!
Stop Loss (SL):
Place the SL below the 0.786 level for now. This would provide a good margin to avoid unnecessary market noise, with the option to ladder your stop loss towards this 0.786 level depending on price action
Target Range:
A 2:1 risk-to-reward ratio or higher. This price point aligns with a previous key level of resistance and is an excellent target based on this setup
Confirmation:
Before executing, always look for confirmation:
Volume: Ensure there's enough volume to support the move
Candlestick Pattern: Look for a solid reversal candle at the support zone (e.g. bullish engulfing, hammer, etc.)
Order Flow: Ensure that the order flow is in favour of the long position, signaling that buyers are stepping in
Remember, trading is all about patience and confirmation. Keep an eye on volume, candlestick patterns and overall order flow before jumping in.
Let’s see how DEEP plays out.
NVDA Long After Nearly 20% DeclineNASDAQ:NVDA got hit hard by the huge sell-off today and because of the DeepSeek release. The Chinese GPT alternative claims to be better or at least as good as GPT using way less and way older NVDA GPUs. If true, this could create a lot of stress on the CapEx of big US tech companies because the managers will ask their employees why they needed to buy all of those expensive GPUs if they are not necessary at all. That would lead to shrinking sales at NVDA. So far, so bad.
But, we should not forget that misinformation is always a thing when talking about Chinese companies and claims. I also don't think that the result of such a claim would be that tech companies lower their CapEx and start doing less. Instead they will use this to understand how DeepSeek works and how they can be better than their Chinese counterpart using way more powerful GPUs. So, this huge sell-off could trigger a bounce from this confluence support. We perfectly hit the upward trend and a support level at $118. So, be brave and test the water.
Target Zones
$131
$140
Support Zones
$118
XAUUSD NEXT TARGET ALERT!Right now market is on 2739 it maybe down further
then start pump again we can buy it from 2732-2728
Bull ups to 2752-2756 and 2771
Target is 2771 after break it may make new ATH
Half of the trades will be booked at 2752-2756 for save side
Lets Get this snipershot
BEST OF LUCK AND USE PROPER MONEY MANAGMENR
FOREX AUDUSD LONGAUDUSD appears to have formed a fakeout at the lower end of the range. This suggests that traders who entered short positions when support was broken are now either closing their positions or adding to their losing trades to avoid liquidation. This dynamic could fuel the price toward 0.64, where the 21-week exponential moving average is located.
I'm watching for the price to reach the nPOC zone. However, if the price finds support around the 21-day EMA within the next 1–2 days, I plan to enter with half of my position.
atom shortterm buy"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
TAO/USDT: LOOKS READY TO GO ABOVE $800 MARK!!🚀 Hey Traders! Ready to Ride the TAO Wave? 👋
If this setup excites you, smash that 👍 and hit Follow for premium trade ideas that deliver real results! 💹🔥
TAO is looking primed for action! Breaking out of a falling wedge pattern on the 6-hour timeframe, it’s signaling a potential 80-90% upside move. 📈🔥
💡 Here’s the Plan:
📌 Entry Range: Current Market Price (CMP) and add more up to $430.
🎯 Targets:
Target 1: $530
Target 2: $620
Target 3: $710
Target 4: $850
🛡️ Stop Loss (SL): $400
⚙️ Leverage: Use low leverage (Max 5x) for a safer approach.
💬 What’s Your Take?
Are you bullish on TAO’s breakout potential? Drop your analysis, strategies, or predictions in the comments! Let’s crush this market and lock in those gains together! 💰🚀
Chances of gold price hitting new ATH this week?⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
China's National Bureau of Statistics (NBS) reported that both Services and Manufacturing PMIs have moved into contraction, signaling a potential slowdown in the global economy.
In the US, the Chicago Fed National Activity Index for December showed improvement by exiting negative territory, indicating signs of economic recovery.
Looking ahead, this week's US economic calendar includes key data releases such as Durable Goods Orders, the Federal Reserve's monetary policy meeting, Q4 2024 GDP figures, job market updates, and the Fed's preferred inflation measure—the Personal Consumption Expenditures (PCE) Price Index.
⭐️Personal comments NOVA:
Gold adjusted down within the range of 2 H1 trendlines, sideways price range 2730-2750 in Asian and European sessions, waiting for US session news data
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2705 - $2707 SL $2700
TP1: $2715
TP2: $2723
TP3: $2730
🔥SELL GOLD zone: $2759 - $2761 SL $2766
TP1: $2750
TP2: $2740
TP3: $2730
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
XRP/USDT Technical Analysis – 4H ChartOverview:
The chart represents the XRP/USDT trading pair on a 4-hour timeframe from Binance. The price is currently around $3.102, showing consolidation after a previous sharp movement.
Key Observations:
Descending Channel Breakout:
The price was previously moving in a descending channel but has broken out aggressively to the upside before facing rejection.
Support and Resistance Zones:
Support: The price bounced off from a strong demand zone around $2.80 - $2.85.
Resistance: The key resistance level is at $3.10 - $3.15, followed by a major target at $3.40 - $3.41 (highlighted in yellow).
Possible Scenarios:
The price is forming a small consolidation pattern near the breakout zone.
A retest of the breakout level near $2.90 - $2.95 (highlighted box) before a bullish continuation is likely.
A confirmed breakout above $3.15 could push the price toward $3.40.
Bullish Setup:
The chart suggests a bullish bias, with a possible pullback to retest support before an upward move.
The expected target price after confirmation would be $3.40.
Trade Strategy:
Entry: Consider entering long positions if the price retests $2.90 - $2.95 and shows bullish confirmations.
Stop Loss: Below $2.80 to minimize risk.
Take Profit: Primary target at $3.40.
Conclusion:
XRP is in a bullish trend after breaking out of the descending channel. A pullback and retest of support could offer a strong buying opportunity, with a potential upside toward $3.40. Keep an eye on $3.15 resistance for confirmation of a breakout.
NZDUSD GARTLEYHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
Solo - longThe market always leaves clues for those who know how to read them. Analyzing SOLO/USDT on the 4H chart, I see potential for growth after breaking out of a descending wedge. The price has tested a strong support level in the $0.41 zone, highlighted by the yellow rectangle. Early signs of a reversal can already be observed.
Profit targets:
- First: $0.51 (+12.89%)
- Second: $0.54 (+19.69%)
USD/CHF Poised for a Bullish Breakout: Path to Parity Bullish Scenario 🚀📈
1. Breakout Above the EMA (200) 🔺:
If the price closes above the 200-week EMA (0.9082), it could confirm a long-term bullish trend reversal.
A strong push may target key levels like 0.9500 and eventually 1.0000 (parity) 🎯, as shown by the projection arrow.
2. RSI Support 💪:
The RSI above 50 indicates that buyers are gaining momentum.
If RSI trends toward 70, it signals even stronger bullish momentum ✅📊.
3. Higher Highs and Higher Lows 📶:
The chart is forming higher highs and higher lows, a classic signal of an uptrend.
This pattern supports a move toward higher price levels 🚀.
🔥 Key Takeaway: A breakout above the EMA could spark a powerful rally, with parity (1.0000) as a major psychological target.
USD/JPY Market Update: Support Holds and Resistance Levels AheadUSD/JPY has held firm at the support level and is now returning to a buy zone. Currently, the market is at 156.500, with the next resistance level set at 159.000.
I’ve explained the market clearly in my chart analysis for easier understanding.
If anyone has questions, feel free to ask in the comments or send me a message in my inbox.
Thank you for your support—like, comment, and follow for more updates!
CADCHF ALTERNATE BAT PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
Anticipated ZEN Drop Hits Target – Long Now?The anticipated drop I was watching has played out, providing excellent long setups across many coins, including ZEN. ZEN retraced perfectly to the POC at $17.07, aligning with the fib retracement 0.85
This confluence makes it an ideal long setup, offering great potential gains
Long Entry: $17.3
Target 1: $21 (R:R 2.5)
Target 2: $27 (R:R 6)
Gold adjusted at the beginning of the week - still in an uptrend⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) dip slightly to around $2,765 during the early Asian session on Monday, influenced by renewed demand for the US Dollar (USD). However, the downside for the precious metal may remain limited due to prevailing caution and uncertainty over US President Donald Trump's tariff policies.
The USD gains strength as Trump escalates trade tensions with new measures. On Sunday, he imposed significant tariffs and sanctions on Colombia after the country refused to allow two military planes carrying deported migrants to land. Trump announced an emergency 25% tariff on all Colombian imports, set to increase to 50% within a week. This development adds pressure on USD-denominated gold prices.
⭐️Personal comments NOVA:
Gold prices adjusted down after a strong increase last week, creating liquidity at the beginning of the week. Still in an uptrend.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2740 - $2738 SL $2733
TP1: $2748
TP2: $2755
TP3: $2770
🔥SELL GOLD zone: $2783 - $2785 SL $2790
TP1: $2775
TP2: $2768
TP3: $2760
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
SOL Trade Setups: Key Levels to Watch for Big Moves!Solana has been on an impressive run, hitting a new all-time high (ATH) at $295. The previous ATH from 2021 at $260, along with the recent swing high of $264.63 (December 2024), are now acting as key resistance levels. Bulls are struggling to break above the $260 range and we’re seeing some bearish control as SOL trades below the weekly open, never a great sign for upward momentum.
Short Trade Setup
It’s looking like SOL could be in an ABC pattern, working on wave C. Here’s a potential short trade setup:
Entry: Around $260 if price revisits that zone.
Stop Loss: Above $270.
Take Profit: $220, where strong support lies.
R:R Ratio: About 3:1.
If you’re already short, congrats! If not, $260 could be your next chance to jump in.
Support Zone and Long Setup
There’s plenty of support stacking up between $220 and $217, making it a great zone to consider for a long position:
Point of Control (POC): At $218.50, from the November-January range
Fib Levels:
The 0.786 trend-based Fib extension is at $220.23
The 0.618 retracement (low of $169 to high of $295) is at $217.27
EMAs: The 200 and 233 EMAs on the 4H chart line up nicely with the $217 level
Channel Support: The median line from $264 to $169 also lands around $217
Long Setup Plan
Entry: Ladder longs between $220 and $217
Stop Loss: Below $217, maybe around $214
Take Profit 1: $239 for a mid-range bounce
Take Profit 2: Move your SL to entry and let the rest ride for bigger gains
Patience is Key
Whether you’re waiting for $260 to short or $220 to long, the setups are there, now it’s about watching the levels and being patient. Both trades offer solid risk-to-reward ratios, so no need to rush in.
Stay ready and let’s see how this plays out!
Bitcoin TA Alert: Perfect $97K Long Setup Incoming?Bitcoin remains range-bound between $107K and $100K as we approach the weekend. Let’s break down the current key levels and trade setups based on the data available.
Support and Long Setup
The GETTEX:97K level emerges as a strong support zone for a long trade setup:
0.618 Fibonacci retracement from the recent swing low to high aligns perfectly at GETTEX:97K
The POC (Point of Control) from the 70-day trading range also sits at this level, adding confluence
If the price reaches GETTEX:97K by Sunday or Monday, the trendline support will further strengthen this zone
A laddered long position can be placed around GETTEX:97K , with:
Stop-loss: Below $93K
Take Profit: around $113K
Risk-to-Reward (R:R): 4:1 - an attractive trade setup
Resistance and Short Setup
For the short trade setup, the current price around $106K offers an opportunity:
Enter a short trade targeting the GETTEX:97K level
Stop-loss: Above the all-time high (ATH) at $107K
Take Profit (TP): GETTEX:97K
R:R: 2:1 - reasonable given the tight risk management
DEEP Key Levels - Weekend Trade SetupsDEEP has been consolidating in a 6-day trading range and as we move into the weekend, lets look at the setups.
Short Trade Setup
Resistance Zone: The 0.786 Fibonacci retracement aligns with the POC of the 6-day range at $0.304, making it an ideal short entry
Target: The 0.618 Fibonacci retracement at $0.208, where liquidity has built up below
Risk-to-Reward (R:R): This short offers an impressive 10:1 R:R if the setup plays out
Long Trade Setup
Support Zone: The 0.618 Fibonacci retracement at $0.208 also serves as a key support level
Anchored VWAP from the recent highs provides additional support near this level
Stop Loss: Stop just below $0.195
Take Profit: TP at round 0.24
VIRTUAL - A Long Opportunity or More Pain Ahead?VIRTUAL has dropped over 50% from its all-time high of $5.14, now trading around $2.50. A head and shoulders pattern has formed, with price currently testing the neckline, a bearish sign that could signal further downside. Let’s break down potential targets and trade setups.
Key Levels and Support Zone:
1.) POC from December 2024 Range:
Located at $1.67, a significant level from previous trading activity
2.) Anchored VWAP:
Taken from the lows, currently around $1.62, reinforcing the $1.66 zone as strong support
3.) Fibonacci Retracement (Log Scale):
The 0.382 Fib from the recent wave sits at $1.77, providing additional confluence for the support area
4.) Trend-Based Fibonacci Extension:
The 0.786 Fib aligns at $1.71, further strengthening the $1.70–$1.80 range as a reliable support zone
Trade Setups:
Short Setup:
Entry: $2.836 (Fib retracement 0.618 from the current downtrend)
Target: around $1.80
Stop Loss: Above $3
Risk-to-Reward: 5:1
Potential Drop: 30–40% from the entry level
Long Setup:
Entry: $1.70–$1.80 range
Target: Depends on confirmation and take profit areas. A realistic initial target could be around $2-$2.30
Stop Loss: Below $1.52
Risk-to-Reward: 2:1 or better depending on take profit strategy