Get started

Trend Analysis

Solana (Sol) Analysis update SOL has recently bounced off a major support level on the 4-hour timeframe, with the RSI confirming oversold conditions. Additionally, increased network activity and a surge in DeFi adoption on the Solana blockchain indicate growing demand. These factors point toward a potential bullish movement for SOL in the coming sessions. 📉 Expectations: We anticipate SOL to re-test key resistance levels as highlighted in the attached chart. A breakout above these levels could lead to a stronger rally. 📊 Trading Strategy: This setup combines technical analysis and fundamental metrics, making it suitable for medium to long-term trades. Always maintain adequate margin and implement proper risk management to handle market volatility effectively. 🚦 Trading Rules: 1️⃣ Rule 1: Enter the trade only if the price surpasses our entry-level (GREEN LINE ON THE CHART). 2️⃣ Rule 2: Upon reaching Target 1, consider closing part of your position or moving your STOP LOSS to the ENTRY price to lock in profits. 3️⃣ Rule 3: Refrain from opening new trades based on the same signal once Target 1 is achieved. 4️⃣ Rule 4: If SOL consolidates near resistance for more than 2 days, close the trade and wait for the next favorable setup. 💡 Disclaimer: This is not financial advice—just an educational post sharing my thoughts and ideas. Always do your own research and consult a financial advisor before making any investment decisions. Feel free to reach out with any questions or feedback. Happy trading! 🚀✨
COINBASE:SOLUSDLong
by Pro-Trading-Africa
SOL/USDT pair on the 4-hour Analysis: 1. Symmetrical Triangle Pattern: The price chart is consolidating within a symmetrical triangle pattern. This pattern often indicates market indecision, and a strong move typically occurs once either the support or resistance line is broken. 2. Resistance Levels: The first key resistance level is around $260–$265 (top of the triangle). If broken, the price could move toward higher levels such as $280 and possibly $300. 3. Support Levels: The primary support level is around $240–$245 (bottom of the triangle). If this level is breached, the price might decline toward lower supports, such as $220 and $200. 4. RSI Indicator: RSI is hovering around the middle (approximately 50), indicating no strong momentum at the moment. A breakout above 70 could confirm an upward move, while a drop below 30 might signal further decline. 5. Volume: Decreasing volume suggests that the market is preparing for a strong move. A triangle breakout should be accompanied by increasing volume for confirmation. --- Trading Strategy: If there is a breakout to the upside: 1. Enter a Long Trade: Enter a buy position after a breakout and candle close above $265. Take Profit: Initial targets could be $280 and $300. Stop Loss: Below $260 (or below the triangle’s bottom around $245). 2. Scaling Up: If the price reaches $280 and momentum remains strong, consider increasing your position size. If there is a breakout to the downside: 1. Enter a Short Trade: Enter a sell position after a breakout and candle close below $240. Take Profit: Initial targets are $220 and then $200. Stop Loss: Above $245. 2. Risk Management: Risk only 1-2% of your total capital in each trade. --- General Advice: False breakouts are common in this type of pattern, so wait for confirmation (e.g., volume increase or the next candle close). Monitor the market closely and use risk management tools such as stop-loss orders.
by Benjo_trade
two patterns are very similarI think the two patterns in pink squares are very similar, but the one that is about to fold is much bigger. the previous one had about 70+ percent rally and judging by the proportion we could expect about 200+ percent move to the upside. Anyway, as we all know the ETH tends to play the catch up game to the BTC. Also, with current support from the new POTUS and his accumulation of the ETH seems to be approving this move. THIS IS WHAT I'M EXPECTING
BINANCE:ETHUSDLong
by ochir1234
EUR/USD short: Is the technical correction complete?Hello traders I don't have a lot to say today. Big surprise. I broke two cardinal rules of trading when I entered into my short position. I was mentally anxious about my upcoming spine surgery and I did not do my homework properly. Despite this poorly timed short entry, I reconsidered and kept my stop at 1.0545(give the 1.0534 high some breathing room). So, still in business. The technical indicators tell the story in this post. I believe that this was nothing but a technical correction. Fundamentally, nothing has changed. The ECB is expected to cut and the FOMC expected to hold. Since the FOMC has the first opportunity to present to the markets, watch Chair Powell's press conference, no matter which time zone you are in. Likewise with the ECB 17 hours later. On the home front, Trump has started his "mass deportations" in Chicago and slapped tariffs on Colombia. Stock up on your coffee beans folks. Oil is a two trade, crude from Colombia, refined petroleum to Colombia, so I am not sure how that will be affected. Our esteemed oil traders on TV will have the lowdown. This will stoke the inflation fears again which benefits the USD. So, buckle up. It is going to be a wild ride this week. Best of luck.
Short
by jvrfxalerts
4
XAUUSD WANT SELL ZONE AT 2767 Here’s a detailed post for your traders on XAU/USD: 📊 XAU/USD Analysis & Forecast Gold (XAU/USD) has faced rejection at its higher-high resistance zone near 2767-2770, indicating a potential shift toward bearish momentum. The price is now trading in a strong sell zone, with technical indicators pointing to a continuation of the downward trend. Key Levels to Watch: Resistance Zone: 2773-2770 Support Zone: 2755 🎯 Technical Target: First Target: 2730 📉 Strategy Insight: Sell Opportunities: Look for selling entries near 2767/2770, with stops above 2773. Confirmation: Watch for bearish rejection candles or price action signals near the resistance zone before entering short positions. Break below 2755 could accelerate selling pressure toward the technical target of 2730. 🔑 Key Note: Gold's rejection from its higher-high resistance zone signifies potential weakness in the bullish trend. Traders should monitor market sentiment, dollar strength, and other macroeconomic factors that may influence XAU/USD.
TVC:GOLDShort
by DOLLARMAN_FOREX_TRADER
OMUSDT: Potential Long Setup Following Elliott Wave ABC PatternHi everyone, I'm looking at a potential long opportunity on BINANCE:OMUSDT , which appears to be repeating an Elliott Wave ABC pattern. As seen in mid-November 2024, the price completed a similar pattern: a strong initial rally (Wave A), a pullback to the 0.618 Fibonacci retracement (Wave B), and a final surge (Wave C) to the 2.00 and 3.00 extensions. Currently, OMUSDT seems to be in the Wave B correction phase, potentially offering a good entry point. If the pattern holds, we could see a move towards the 2.00 Fibonacci extension (around $5.600) and potentially to the 3.00 level, exceeding the previous high near $5.100. I've taken a long position with a stop-loss set around $4.00. Notably, a similar setup on SKLUSDT a few hours ago is currently showing a 15-20% profit, adding some confidence to this analysis. Good luck with your trades! Disclaimer: This is not financial advice. Trading involves risk. Do your own research.
Long
by Arash-RK
Solana's All-Time High: Symmetrical Triangle Pattern in Play..!Solana is currently exhibiting a symmetrical triangle pattern as it approaches its all-time high of $260. This pattern typically indicates a period of consolidation, where the buying and selling pressures are in relative equilibrium. Traders and analysts are closely monitoring this development, as a breakout from this formation could lead to a significant price movement, either upwards or downwards. The potential direction of the move will depend on which side the price ultimately breaks out from. Therefore, investors must stay vigilant and watch the market closely for any signs of a breakout, as it could herald a pivotal change in momentum for Solana.
by Kartik_Elkunchwar
BTC POSSIBLE SELL?The market is currently testing the current WEEKLY AREA. There could be a possible reversal based on Daily TF. The RSI is showing a divergence pattern which could lead to SELL should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
COINBASE:BTCUSDShort
by WiLLProsperForex
XAUUSD Potentially BullishOANDA:XAUUSD has remained bullish on the H4 time frame. I would however love to see price coming to retest a key zone around the 2,720 area which was a key resistance area initially. Price has clearly and significantly broken through the resistance and is attempting to find that level as a support. If the zone holds as a new found support, going long will be the next move and I would target the 2,786 area which only falls slightly below the all time high. On the other hand, if the 2,720 area does not hold as a new found support but price breaks through it and does a retest of same area and then it holds as a new found resistance, we just might see price dropping to the 2695 and may drop even further if the bears remain dominant Until either scenarios play out, fingers crossed. #XAUUSD about to make another significant move Do your due diligence, past results does not guarantee future results
OANDA:XAUUSD
by Mbjoey