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Solana Battle Plan Update 3: Price to reverse at Local HighThis is my 4th idea looking at Solana with Ethereum as a pattern, benchmark, or comparison. I used this pattern to identify downside targets and potential reversals and now I am using it to call a local high. This is basic and fundamental charting. Both charts show a 5 impulse Elliot Wave to the upside. With such a clear pattern and impulsive move we don’t see a continuation pattern yet. We Solana does not show an ascending triangle, a cup and handle, or even a symmetrical triangle. Without a continuation pattern we must suspect price will stall at a previous support. Seeing where price flipping support to resistance and vise versa at key levels is one of the basics that can take years to master. That previous support is the bear trap that was created at the beginning of the bear market. We can see on the right where it played out with Ethereum and I strongly suspect we are seeing the initial stages of that reversal in Solana. Of course, there are some key differences in the two charts. We can see that when we look at other indicators. I don’t want this idea to become unmanageable so I will just look at one of the basics, the Monthly Bollinger Band. It is pretty clear that looking at the Bollinger Band it looks like Solana did a much better job than Ethereum. Solana has pushed its head above the monthly Bollinger band to reach the previous bull trap whereas Ethereum didn’t even reach the baseline. But either way, price being out of the monthly Bollinger band or near the middle with weekly bearish divergence at previous support still suggests reversal. I do hope to see the lower limit of the monthly BB to snug up and flatten off to indicate a local low is in when I see Solana double bottom. Solana Against Bitcoin, Ethereum and BNB Solana also looks like it is in a dreadful position against Bitcoin. The zone of resistance is drawn, in part, due to the MACD oscillaton below zero and the amount of sideways action we needed to have that happen. The bearish similarities with Solana and trading pairs continues with Ethereum. BNB has a bit of a different set up. It does not have a clear bull trap like SOL has against BTC and ETH. Rather it had a descending triangle top and a return move to the support of the triangle. Price has returned to the base of the descending triangle and I think with the indicators so overbought we would assume another pull back. Conclusion and my plan Solana looks like it has hit a local high against USD, BTC, BNB and ETH. There are so many temptations to get out of Solana into a different larger, less volatile token that I don’t see most day or swing traders holding onto Solan for long. Especially margin traders. Timing the shortside can be a wee bit tricky but it can be done. I am staying away from that. I suspect that Solana will be setting a higher low W pattern. If it does, I will basically be rotating everything I can into it as I expect it will be making a higher high. AS the main chart shows that higher high would be about 100x from the low. If it sets an equal low, then I will suspect it will roughly return to an all-time high. That would be about 25X. That is decent enough for crypto but in all honesty if Solana sets a lower low, I will be looking for a different token to rotate into. Right now, my biggest crypto bag continues to be Fantom as I really like the Big W pattern it is in.
BINANCE:SOLUSDShort
by This_Guhy
15
EURUSD Trading Opportunity! SELL! My dear friends, My technical analysis for EURUSD is below: The market is trading on 1.0386 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.0342 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
AUDJPY My Opinion! SELL! My dear followers, This is my opinion on the AUDJPY next move: The asset is approaching an important pivot point 96.402 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 95.587 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
CADCHF What Next? SELL! My dear followers, I analysed this chart on CADCHF and concluded the following: The market is trading on 0.6370 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.6310 Safe Stop Loss - 0.6403 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
NZDCAD Will Go Down! Short! Here is our detailed technical review for NZDCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.805. Considering the today's price action, probabilities will be high to see a movement to 0.803. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
USOIL Will Go Lower! Sell! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 73.038. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 70.781 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILShort
by SignalProvider
1
BTC CPI 1H (Jan) CPI (YoY)- PREVIOUS: 2.9% FORECAST: 2.9% ACTUAL: ?? Consumer price index data release rolls around once again, this time the forecast is no change (0.0%) remaining at the same December 2024 level of 2.9%. It is important to note that after this data release there isn't any further news events of note until next month so BTC no planned interference from data releases. As we go into the data release volatility on the LTF is common and so maybe we'll see a break of this painful trend bitcoin has been stuck in since the sell-off event. With that in mind here are some entry ideas for longs and shorts: Long: - The safest option/ highest probability would be a breakout from the bearish downtrend, a retest as new support and begin the move up back towards RANGE HIGH. - A sweep of the green bullish OB zone with a tag of the lower bearish trend line. A good R:R IMO with the first point of interest being the LOCAL RESISTANCE/ bearish trend high. Short: - The bearish scenario would be a loss of the $91K support level that has held for the last 10 weeks in a row and is the daily range low. If price accepts under that level things could get ugly as there is no support until $85K.
by ProR35
4
GC1! "The Gold" Metal Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GC1! "The Gold" Metal Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish thieves are getting stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on! however I advise to Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at 2935.0 (swing Trade Basis) Using the 4H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 2820.0 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: GC1! "The Gold" Metal Market is currently experiencing a Bearish trend., driven by several key factors. 💠 Fundamental Analysis The GC1 contract is influenced by global economic trends, monetary policies, and commodity market fluctuations. Central banks' cautious approach to interest rates and inflation management impacts gold prices. 💠 Macroeconomic Analysis GDP Growth Rate: Global economic growth slows down, with the US GDP growth rate at 3.3% in Q4. Inflation Rate: Inflation trends show moderation, with the US inflation rate at 1.0% annualized. Employment and Labor Market: The US job market remains solid, with 353,000 jobs added in January. 💠 COT Data Analysis Institutional Traders: 55% long, 45% short. Retail Traders: 52% short, 48% long. Large Banks: 57% long, 43% short. 💠 Market Sentimental Analysis Market Sentiment: 40% bullish, 60% bearish. Trader Sentiment: 29% long, 71% short. 💠 Market Sentiment by Trader Type - Institutional Traders: 60% bullish, 40% bearish - Hedge Funds: 55% bearish, 45% bullish - Retail Traders: 55% bullish, 45% bearish 💠 Positioning Data Analysis Bullish Trend: 45% likely. Bearish Trend: 55% likely. 💠 Overall Outlook GC1 prices may fluctuate due to central banks' monetary policies, inflation trends, and geopolitical tensions. Investors are cautiously optimistic, with a focus on technology and innovation-driven sectors. Key Factors Influencing GC1 Prices Monetary Policy Adjustments: Federal Reserve's interest rate decisions. Inflation Trends: Global inflation rates. Geopolitical Risks: Middle East tensions and commodity market fluctuations. Technology Sector Resilience: Growth potential in AI and semiconductor fields. Cryptocurrency Market Volatility: Bitcoin's impact on traditional markets. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
COMEX:GC1!Short
by Thief_Trader
GBPJPY Will Move Lower! Short! Take a look at our analysis for GBPJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 191.143. The above observations make me that the market will inevitably achieve 190.342 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1