SOL/USDT Bullish Breakout Loading ? Key Levels & Confluence SOL/USDT Technical Analysis
Price Action & Key Levels
Price is consolidating inside a descending channel, typically a bullish pattern if broken to the upside.
Key breakout level
$195–$196 aligned with Fib 0.382 and trendline resistance.
Critical support: $186 lower channel boundary.
First bullish confirmation
A close above $198 (1H 50 EMA + Fib 0.5).
Target levels
First target: $202–$203 (Fib 0.618).
Second target: $210+ (previous high).
Stop-loss placement : Below $186 to avoid fakeouts.
RSI Analysis
If RSI is currently below 50, it suggests weak momentum, meaning price could still consolidate before a breakout.
If RSI crosses above 55–60, it confirms bullish momentum supporting a breakout.
A hidden bullish divergence (higher low in RSI while price makes a lower low) would strengthen the case for upside movement.
Volume Analysis
Breakout needs strong volume confirmation. If price moves above $195 with low volume, it could be a fakeout.
If volume spikes on a breakout, it signals institutional participation, increasing the likelihood of a sustained move.
Decreasing volume inside the channel is a good sign this indicates sellers are getting exhausted before an upward breakout.
Parallel Channel
EURJPY Wave Analysis – 6 February 2025
- EURJPY broke support zone
- Likely to fall to support level 156.00
EURJPY currency pair today broke support zone between the support level 158.00 (which reversed the price at the start of this month) and the support trendline of the daily down channel from December.
The breakout of this support zone strengthened the bearish pressure on this currency pair, which accelerated the active impulse wave iii.
EURJPY currency pair can be expected to fall to the next support level 156.00 (which has been reversing the price from August).
GOLD: Correction for potential accumulation.is growing during the week. The asset is performing well in the face of economic uncertainty and a dollar drop. After a minor modification, the train might go north again.
Markets are keeping an eye on US-China trade talks, which are alleviating fears of a global trade war, as well as Trump's Middle East efforts, which are reducing demand for the US dollar as a safe-haven asset. Furthermore, a rising yen puts pressure on the US dollar, which supports gold.
Investors are focused on Friday's NFP report, which may influence the Fed's future measures. Weekly jobless claims and Federal Reserve statements are also monitored. The market is quite aggressive on any radical action by Trump because this evaluation is tied to global concerns.
Technically, the price is correcting to gather liquidity and potential for future gains. Below are some strong support levels that could send the price back.
Support levels: 2845-2850 and 2830.
Resistance levels: 2860, 2872, and 2882.
Trade Active
Gold is testing the previously defined support zone.
The accent is on 2845-2840. If the bulls keep the defense above this zone, it is worth waiting for gains in the short-term.
As part of the upward corrective, the price may test the 0.5-0.7 Fibo level, as well as the previously broken ascending channel barrier. There are no technical or fundamental grounds to break the trend; growth may continue despite a fake collapse.
By Nexus Trades Zone
EURO - Price can leave pennant and rise to $1.0500 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel and soon reached resistance line, after which fell below.
Next, price rose to $1.0455 level, and then corrected to support line, after which bounced up and broke $1.0455 level.
Then Euro reached resistance line of channel and then started to decline, making a first gap and dropped to resistance area.
Price exited from channel, breaking $1.0455 level, and continued to fall inside pennant, where it fell to $1.0210 points.
Before this, price made a strong second gap, and then quickly rose to resistance line breaking $1.0455 level.
I think that Euro can bounce up from pennant to $1.0500, breaking resistance level and exiting from this pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
$SPY February 6, 2025AMEX:SPY February 6, 2025
15 Minutes.
Yesterday we had 604 levels.
Today for the rise 598.58 to 604.36 holding 602 levels we can expect 605-606 levels as initial target.
Once 606 is held i expect 609-610 levels tomorrow or by Friday.
AMEX:SPY is above all moving averages.
At the moment uptrend intact as long AMEX:SPY above 598 levels being the last LL.
Not for shorting today as per chart at the moment.
The top of channel is around 610 levels for the day on time.
No History just TA (MSS)From Trend Analysis to MSS
A little buy on BTC to support the trend reversal
Bitcoin 874d, 218d channels explored. Today I explore and log the patterns of Bitcoins 2015-2018 cycle using a simple SMA, Puell Multiple, NUPL indicators.
"Bitcoin: Net Unrealized Profit/Loss (NUPL)"
As I measure the capitulation on the 2015 period we get a upwards channel that forms the majority major trend of the Bitcoin bull market, so far I got 847d because the BPM, NUPL started to tap the upper trend line including the Pi cycle that also experiences a break out.
After the breakout of the sideways up trending channel occurred we follow a 218d period of what I could call it the "vertical phase" of the bull market.
So far monitoring this situation in todays market we are right at the end of the range where the next logical move could occur. Understandable if this market repeats it has some serious price valuations that could occur before year end.
Is it crazy to believe we could be over $150,000 by the end of the march? I don't really think so.
Interesting events are unfolding and if this next move is as volatile as the 2015 cycle I think we should expect a similar pattern emerging where capital FOMO's into Bitcoin once again.
Thank you.
XAUUSD - Gold need correction till golden zone of retracement!Hello Mates!
As we all watching XAUUUSD making ATH from last Two weeks and every time breaking its Higher Highs but here we need a good correction in gold to continue its trend here i have shared my analysis for gold read chart carefully and description.
As gold has made two parallel channels in bullish trend internal and external parallel channels and following respecting external channel for impulsive wave and internal channel for pull back/retest/ and correction.
i have drawn those both channel and marked all levels of movement!
Gold Next Move
Gold needs to take a corrective move till internal channel's down trendline which is very good zone of support and buying zone. where market can react with high volume candle to make a new ATH.
Key Points
Support: 2791
Resistance: 2895
Fib Golden Zone: 2815-2827
OB and FVG Level:2771-2792
Gold will give good move till 2791 and this is my target for sell, and buying zone for gold
if you like my analysis support me and like my ideas
Bitcoin Four-Hour Chart Leading Up to the Ides of MarchAfter this period, I expect to resolve the trading range with a drawdown to $84,000 on or about the close of March 14, 2025. Upon confirming this, I would expect a strong consistent upward move in markets for quite a while. Target $440,000 .... Just one man's opinion.
Dollar index in a bullish daily channel, only doing correction?Drawing out our analysis from a daily time frame we can see the dollar index still in a clear rising uptrend channel. What we currently experiencing could be seen as a correction move after the steep bull move.
If price respects the channel the dollar index could potentially see some bull rally soon.
However, if it breaks the channel,then only my bias would change.
GBPUSD → A breakout of trend resistance. Change?FX:GBPUSD is forming a local trend change attempt. The price breaks the resistance of the descending price channel and forms a consolidation above the line, in the buying zone.
The fundamental background is very complicated and not stable because of Trump's policy and the tariff war with the whole world. Sharp shifting statements have a huge impact on the markets.
Technically, the price is breaking the resistance of the long downtrend and we have a chance to change the local trend. A breakout of the resistance at 1.2488 and a price consolidation above this zone may motivate a buyer to support this move.
Resistance levels: 1.2488, 1.26
Support levels: 1.2414, 1.2377
The price may test the previously broken channel resistance before rising further, but the 1.2488 trigger plays an important role. If the bulls can keep the defense above this area, the currency pair may rally a bit in the short term.
Regards R. Linda!
DUST to $54My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom channels (period 100 52 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative and under at bottom of Bollinger Band
Entry at $50.95
Target is $54 or channel top
SILVER (XAGUSD): Bullish Rally is Going to ContinueSilver has been in a strong uptrend for over a month, breaking through a significant horizontal resistance level.
The current retest of this level is expected to hold within a rising parallel channel pattern, with further bullish movement anticipated towards the 32.90 resistance level.
GOLD - Prise will correct and then continue grow to $2830 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to rising channel, where it soon reached support area and then made a correction.
Then price bounced from support line and soon rose to $2730 level, broke it, and continued to move up.
Price made a small correction and soon rose to resistance line of channel and exited from this pattern.
After this, price started to trades in between resistance line and with support line and at once fell to support line.
Next, Gold in a short time rose to $2785 level and broke it, after which corrected and now continues to grow.
So, in my mind, XAU can correct to support level and then continue to move up to $2830 resistance line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bitcoin can continue to fall in downward channel to 92K pointsHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price declined from the support level a little below and then started to grow inside the upward pennant, where it at once broke the support level again and continued to move up. Later BTC reached a resistance level, which coincided with the seller zone, and even rose, breaking this level to 108700 points and then turning around. Price fell below the resistance level, but soon backed up and some time traded between this level until it reached the resistance line of the pennant and then started to decline. In a short time, the price fell below the resistance level, breaking it, and soon exited from the pennant also, after which continued to move down inside the downward channel. In the channel BTC rebounded from the support line and rose to the seller zone, where it some time traded and then continued to decline, breaking the 104500 resistance level again. Bitcoin fell into the buyer zone, where it turned around and made a strong impulse up to the resistance line of the channel. And recently price bounced from this line and continued to move down. So, I think that Bitcoin can move up and then fall lower than the support level, breaking it. For this case, I set my TP at 92K points. Please share this idea with your friends and click Boost 🚀
GOLD (XAUUSD): The Next Resistance is Here:
Many Gold traders are now speculating where is the next strong
resistance on XAUUSD chart.
I see a very peculiar zone ahead that is based on a significant
rising trend line that the market has been respecting since 2023
and 2900 psychological level.
Probabilities will be high to see at least a pullback from that zone.
❤️Please, support my work with like, thank you!❤️
Euro can fall to buyer zone and then start to move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to trades inside the range, where it at once dropped below the resistance level, breaking it. But soon Euro backed up, making a fake breakout with the first gap and later reaching the top part of the range. Next, the price started to decline and soon fell to the 1.0465 level, broke it, and exited from the range, continuing to decline inside the downward channel. In the channel, the Euro fell to the support line and then in a short time rose to the resistance line, rebounded, and fell to the buyer zone, breaking the support level. After this movement, the price turned around and started to move up, so soon, it rose to the resistance line, breaking the support level again and later Euro exited from the channel. Next, the price continued to move up and rose to 1.0530 points, breaking the resistance level, but soon it turned around and dropped to the support level, making a second gap. At the moment, the price is trying to grow, for this case, I think that the Euro will fall to the buyer zone and then rebound up, therefore I set my TP at 1.0375 points. Please share this idea with your friends and click Boost 🚀
Possible scenario for EURCHF looking at the 1st scenario, we are aiming for an upward trend; for that, the price must break the marked resistance. Overall, the trend is also quite bullish and respects parallel channel quite well. Scenario 2 tells another story in which we are looking for a bearish trend and in the favour of this situation the price has broken the trendline but for further confirmation, it has to break its last HL and then make a proper LH. Right now the big picture indicates a bullish trend.
Gold Hits New ATH – How Much Higher Can It Go?In yesterday's XAU/USD analysis, I mentioned that a correction could occur, potentially bringing Gold down to the 2770 zone.
I even opened a trade based on this idea.
However, after an initial drop to the 2810 zone, Gold reversed and surged to a new all-time high.
Fortunately, I had not entered a large-volume trade, and with active management throughout the day, I kept my losses minimal.
Now, the key question is: How much higher can Gold go?
Looking at the chart, as I previously explained, Gold has been steadily rising within an ascending channel.
Yesterday, it even broke above the channel’s resistance, and at the time of writing, it is trading at 2860.
In my opinion, buying at this price carries too much risk.
I prefer to wait for a blow-off top and signs of weakness before considering a sell trade.
For now, I am staying out of the Gold market.