Beyond Technical Analysis
Solana meme coinsThere was a Solana meme coin frenzy this past weekend after Trump made his own, followed by Melania making hers. SOL/USD hit an all time high of 295. TRUMP coin low to high was 76 cents to 77 dollars and MELANIA high to low was 15.50 to 3.28. Before this weekend the most well known Solana tokens were BONK & WIF. Since TRUMP & MELANIA are so new, I'm publishing my analysis on the 15 minute chart with the Fib Retracement tool to visualize probable ranges and possible price action levels.
Solana meme coins can be created by anyone who has Solana in their crypto wallet. The main sites that have a simplified user interface to mint your own Solana token are pump.fun, DEX Screener moonshot and smithii. The most used Solana wallets for Solana meme coins are Phantom, Solflaire and Jupiter. The major exchanges for crypto meme trading are Photon, Bullx and Cryptocom. Photon and Bullx actually use TradingView charts plugin which is the best in my opinion.
The official CA:
TRUMP: 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN
MELANIA: FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P
GBP/USD Buy Trade – Targeting 1.22964Pair: GBP/USD 💷💵
Direction: Long 🔼
Target: 1.22964 🎯
Time Horizon: By Tuesday, Jan 21, 04:00 UTC ⏳
The pair is currently showing signs of a potential upward move following recent price consolidation. Market behavior suggests a possible approach toward the 1.22964 level, aligning with observed patterns.
This trade is expected to develop by Tuesday at 04:00 UTC. Broader market factors, including USD sentiment and GBP market dynamics, could influence price action. Monitoring closely for further confirmation of the anticipated movement. 🔍
Canada CPI to be released soon, USD/CAD currency pair trend🔆The USD/CAD currency pair is being influenced by important economic and political developments.
🔆US President Donald Trump has announced that he is considering imposing a 25% tariff on goods imported from Canada and Mexico. But instead of taking effect immediately, the policy could take effect in February. The announcement immediately sent the USD sharply lower, giving CAD a breather.
🔆Canada’s December CPI inflation data will be released today. If inflation rises higher than expected, this could support the CAD and affect the trend of the USD/CAD pair.
🔆Technical Analysis:
The USD/CAD pair is currently trading around 1.444. The Relative Strength Index (RSI) remains in favor of the bulls. The pair is likely to test the 200-EMA at 1.440 before continuing to bounce towards the 1.45 area. In the near future, the market is waiting for Canada's CPI information for further assessment. Moreover, the US tariff policy will strongly affect the trend of this currency pair in the coming time.
🔆Advice:
Investors should closely monitor economic and political information, especially decisions related to tariffs and inflation data, to have a suitable trading strategy for the USD/CAD pair.
Thank you for reading my comment: "FM"
EU SET UP FOR THE WEEK...?What a time to be alive and trading..
With all the uncertainty going on in the US there's alot at play so we look very strong beyond the technical things of the markets...
So here's how we are currently looking at EU and we are looking closely @1.042 for the possible short we are anticipating...
CHF/JPY Sell Trade – Targeting 170.91661Pair: CHF/JPY 🇨🇭💴
Direction: Short 🔽
Target: 170.91661 🎯
Time Horizon: By Tuesday, Jan 21, 22:30 UTC ⏳
The pair is showing signs of potential downward movement after a recent consolidation phase. Market behavior suggests a possible retracement toward the 170.91661 level, aligning with observed patterns and price action.
This trade is expected to unfold by Tuesday at 22:30 UTC. Broader market conditions, including JPY demand and CHF sentiment, may influence the price trajectory. Monitoring closely for further confirmations. 🔍
Zloty Long Trade SetupCurrent Position:
FPMARKETS:EURPLN recently approached the lower bound of its trading range for the past year, presenting an attractive entry point for a long trade.
Supporting Factors:
NBP Hawkishness: The National Bank of Poland's hawkish guidance at its December meeting has supported the zloty, but risks of an earlier-than-expected rate cut may weaken it.
External Risks: Potential trade frictions under the incoming US administration could hurt the European outlook and indirectly weigh on Poland's economy.
Technical Setup:
The technical backdrop supports a higher FPMARKETS:EURPLN , suggesting bullish potential.
Risks:
A swift resolution to the Ukraine war, as indicated by President-elect Trump’s intentions, could strengthen the zloty and pose downside risks to the trade.
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
This currency pair, after its recent decline, managed to break its downward trendline and move higher. It is now expected that the price will pull back to the broken trendline before resuming its upward movement, potentially reaching the specified resistance levels.
Don’t forget to like and share your thoughts in the comments! ❤️
MAD Indicator Is best for BTC (PAID INDICATOR)The MAD (Market Anomaly Detector) Indicator is one of the best tools for trading in Bitcoin and Ethereum, particularly because of the sharp momentum in their price movements. These assets often exhibit significant price swings, ranging from $1,000 to $10,000 or more, making it essential to capture tops and bottoms effectively. This indicator has been specifically designed for that purpose.
How the MAD Indicator Works
The MAD Indicator uses three lines, which resemble a Bollinger Band setup:
1. Green and Red Lines: Represent the expected range derived from the mean of the last few candles.
2. Blue Line: The true mean, calculated from a specific number of candles, acts as a dynamic support and resistance level.
The indicator tracks the price’s expected range and dynamically adjusts based on price action. When the price breaks out of this range, the bands expand or contract, signaling momentum changes. In a sideways market, the bands shrink, reflecting reduced volatility.
Signal Conditions
The MAD Indicator provides Buy and Sell signals based on the following rules:
1. Sell Signal:
• When the price closes below the red line, a sell signal is generated, and the background turns red.
2. Buy Signal:
• When the price closes above the green line, a buy signal is generated, and the background turns green.
Additional Reversal Logic
The green and red lines also help reverse signals in certain scenarios:
• Buy Signal Reversal: If the price closes below the red line (triggering a sell signal) but then moves back into the expected range and closes above the red line, it triggers a new buy signal.
• Sell Signal Reversal: If the price closes above the green line (triggering a buy signal) but then moves back below it, it triggers a sell signal.
Built-In Filters to Avoid False Signals
1. Signal Cooldown: The indicator checks the last five candles to avoid repetitive or false signals.
2. Background Validation:
• For a sell signal, the background must already be green, and the price must decisively close below the green line.
• For a buy signal, the background must already be red, and the price must decisively close above the red line.
These conditions help filter out noise and prevent the indicator from issuing signals in uncertain or false breakout scenarios.
Real-World Performance
The MAD Indicator has demonstrated exceptional performance in live testing:
1. Example Buy Signal: At $100,788.29, the indicator generated a buy signal, leading to a gain of 8,715 points.
2. Example Sell Signal: After a sell signal, the price dropped by 8,200 points, showcasing the indicator’s precision.
3. Recent Buy Signal: At $101,456.04, the indicator issued another buy signal, which is still active, emphasizing its ability to capture trends and avoid premature exits.
Why the MAD Indicator Stands Out
• Accurate Trend Identification: Captures breakouts and reversals effectively.
• Avoids Traps: Filters out false signals and ensures that trades align with the overall trend.
• Dynamic Adjustments: Adapts to both trending and sideways markets.
The MAD Indicator is a powerful tool for identifying opportunities, avoiding traps, and managing trades effectively in the highly volatile cryptocurrency market. It’s a game-changer for traders aiming to capitalize on Bitcoin and Ethereum’s price movements with confidence.
XRP to $4.10?Based on my last minor DT analysis which also had a diamond bottom I am seeing a breakout of this current trend, possibly into a wedge again against the next fib level up. if that breaks out then the target would be $4.10 on Wednesday with some smaller candles slightly above and below that price level.
note: I have many charts and analysis but I am only publishing XRP breakouts that I believe will come to fruition (some of my unpublished targets have been met to the 10,000th of a Cent) just so that other people will be able to view them, comment if they like, or if it goes wrong it will motivate me to be more precise or review my errors. Without anyone else seeing my charts it isn't as rewarding when I am correct nor is it as embarrassing if I am wrong.
NFA. make your own choices on your own analysis.
#EURCHF 4HEURCHF (4H Timeframe) Analysis
Market Structure:
The price is forming a rising wedge pattern, which is a bearish reversal setup. This pattern indicates weakening bullish momentum as the price narrows toward the upper boundary. A breakout below the wedge support suggests the potential for a bearish move.
Forecast:
A sell opportunity is anticipated if the price breaks below the rising wedge support, signaling the start of a downtrend.
Key Levels to Watch:
- Entry Zone: After the price breaks below the wedge support and confirms the breakout with a retest.
- Risk Management:
- Stop Loss: Placed above the recent swing high or the upper boundary of the wedge.
- Take Profit: Target key support levels below or Fibonacci retracement levels for potential downside movement.
Market Sentiment:
The rising wedge pattern suggests bearish sentiment as buying momentum weakens. Waiting for a confirmed breakout and retest ensures a more strategic entry aligned with market direction.
Nasdaq on 15 minute to take sellside and then move on buyside.The Nasdaq analysis on 15 minute chart shows, price moving lower to take Minor Sellside Liquidity and engage the clustering of NWOGs . After that we could expect price reaching up to the Minor Buyside Liquiidty and Primary Buyside Liquidity considering we broke structure on the Daily Timeframe and Trump becoming the president of the US. 🚀
Please take this as just an idea :) ✅