SOL - Targeting $300...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈SOL has been bullish from a macro perspective, trading within the rising channel in blue.
Currently, SOL is in a correction phase approaching the lower bound of the channel.
Moreover, the $160 zone marked in green is a strong demand!
📚 As per my trading style:
As #SOL approaches the green demand zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) and target the $300 round number for the next bullish phase.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bullish Patterns
Crypto Market analysis - Total 2TOTAL2 has been a very reliable chart to base the bull runs on. We're looking at it now to see where we could potentially reverse. For this chart to be bearish, we would have to take out the low at 850 billion. As long as we put a higher low above that, the chart will remain bullish in the longer term.
Between August and November, we went through an accumulation phase, where we put consecutive higher lows after completing a bullish harmonic. We can also see that from the low to the first higher low, before breaking out of the exponential down curve, we retraced a perfect 0.786, which is very typical of a wave 2 retracement. If you then take the Fibonacci extension levels from the high to the low, we hit a perfect 4.618 extension, which is uncommon but very possible for a wave 3 extension. This would currently put us in a wave 4 correction.
We have retraced and have today cut through the 0.382 retracement level and are sitting at the 1.26 support. However, this isn't a reliable support, as it only acted as resistance in the past and has never been held as support. We could, therefore, expect to go lower, and the next level would be the 0.5 retracement level at 1.21 trillion.
For a wave 4, it is common to retrace between the 0.5 and 0.618, and the 0.618 is around 1.11 trillion, which is where the next zone of support sits. I would, therefore, find it possible, if not probable, to retrace all the way down to the 0.618 at 1.11 trillion dollars and accumulate within that zone of support before the next substantial rally.
The next substantial rally will hopefully bring us to all-time highs, but it does not necessarily have to do that. We could retrace and put in another lower high, which would, at that point, confirm distribution and likely indicate a mid-to-long-term pause in the bull market, if not a reversal into a bear market. Until this happens, or we take out the low at 850, we remain bullish.
The last points to consider are that we didn't distribute at the highs and didn't have a major liquidation event, this suggests that these assets will revisit the highs or have deep retraces into them. We are also developing bullish divergence which will mature as long as we stay above 850 b. For that reason, we are not selling anything at these prices.
Conclusion
Analyze prices carefully around these levels:
The current support at 1.26.
The next support at 1.11 trillion.
Look for TOTAL2 to showcase bullish accumulation or reversal.
Once TOTAL2 signals its direction, focus on individual assets that align with the macro trend.
Updates on specific positions will follow.
USOIL LONG FROM SUPPORT
Hello, Friends!
We are going long on the USOIL with the target of 70.67 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
GBP/USD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/USD is making a bearish pullback on the 6H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.262 level.
✅LIKE AND COMMENT MY IDEAS✅
EUR/USD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on EUR/USD right now from the support line below with the target of 1.059 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
✅LIKE AND COMMENT MY IDEAS✅
NASDAQ Is Close To The Main Trend And Support!Hey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 20,500 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 20500 support and resistance area.
Trade safe, Joe.
D-Wave Quantum (QBTS) Analysis Company Overview:
D-Wave Quantum NYSE:QBTS is a pioneer in commercial quantum computing, leveraging its annealing-based quantum technology to address complex computational challenges. Its first-mover advantage in quantum solutions positions it as a key player in this emerging industry.
Key Catalysts:
Differentiated Technology:
D-Wave’s annealing-based quantum model sets it apart from competitors focused on gate-based systems, enabling practical, near-term solutions for optimization problems across industries.
Government and Defense Partnerships:
Increasing traction with key clients like the U.S. Department of Defense and other government agencies validates D-Wave’s credibility and enhances its potential for lucrative long-term contracts.
Strong Revenue Projections:
Wall Street forecasts a nearly 70% revenue growth to $14.8 million by 2025, reflecting rising demand for D-Wave’s quantum solutions and marking progress toward scalability and profitability.
Investment Outlook:
Bullish Outlook: We are bullish on QBTS above the $3.75-$3.80 range, supported by its competitive technology, increasing adoption, and strategic partnerships.
Upside Potential: Our upside target for QBTS is $9.00-$10.00, driven by expanding commercial applications, strong revenue growth, and continued government traction.
🚀 QBTS—Harnessing Quantum Power to Solve Tomorrow’s Challenges Today. #QuantumComputing #Innovation #TechGrowth
Gold vs. Silver: Is the Ratio Signaling a Major ShiftIntroduction:
Precious metals are displaying promising price action, warranting a closer look at the gold AMEX:GLD to silver AMEX:SLV ratio. This ratio provides valuable insights during bull markets:
Bullish Silver: In a strong bull market, silver typically outperforms gold, causing the ratio to decline.
Gold Leading: Recently, gold has taken the lead, advancing in a corrective rally, but there are signs this could change.
Analysis:
Inverted Saucer Formation: On the gold-to-silver ratio chart, a large inverted saucer formation is emerging. This bearish pattern indicates a potential breakdown below key support levels, signaling silver’s outperformance in the months ahead.
What to Watch:
A confirmed breakdown of support in this ratio could signal a major shift in favor of silver.
If silver outperforms, prices could surge to retest its 2011 highs of $48-$50 next year.
Gold Outlook: Despite the shift in favor of silver, gold remains bullish. A breakout could target significant upside, with price projections of $3,300-$3,400.
Trade Setup:
Silver Bullish Setup:
Trigger: A breakdown in the gold-to-silver ratio, confirming silver’s relative strength.
Target: SLV retesting $48-$50.
Stop Loss: Manage risk by placing stops near recent support levels in silver.
Gold Bullish Setup:
Gold continues to show strength, targeting $3,300-$3,400. Monitor for breakouts in gold prices alongside silver’s potential surge.
Conclusion:
The precious metals setup looks increasingly bullish. The gold-to-silver ratio is hinting at a shift toward silver outperformance, a hallmark of true bull markets. If this scenario plays out, silver could retest its 2011 highs, while gold targets new all-time highs. This is a chart and setup worth keeping a close eye on in the coming months. Which metal do you think will lead the charge? Share your thoughts below!
Charts:
(Include charts showing the gold-to-silver ratio with the inverted saucer formation, key support levels, and projected breakdown targets. Add gold and silver price charts highlighting bullish setups.)
Tags: #Gold #Silver #PreciousMetals #GLD #SLV #BullMarket #TechnicalAnalysis #TradingIdeas
USDCHF: The Dollar Continues to dominateHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.89400 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89400 support and resistance area.
Trade safe, Joe.
$BTC Showing More Downside AheadCURTAIN CALL FOR CRYPTOCAP:BTC 🧐
Need to close the Day above $99k to hold this uptrend and .786 Fib level
Tomorrow will be a big day to watch 🍿
If we get a 3rd bearish candle that will signal our final dump to $85-90k before we take our next leg up to $115k 🚀
Volume trending bearish along with the RSI showing more room for downside.
Don’t get shaken out!
Santa Claus is coming to town 🎅
ETH over the last year and now todayI wanted to zoom out of the chart that I provided yesterday identifying this potential for buying the dip. We did break down through bottom of ascending channel for just a fast wick but it likely indicates we are breaking out of this ascension. As you see there is a lot of potential for a sideways channel here at the top of the larger (slightly descending) sideways channel, here we could consolidate in the top third of the channel and then build up the courage to try to break out of top of this year long channel again, or break down and potentially trace all the way back to bottom of channel which as you see is as low as $2200. If we break that $3500 support, I will become short term bearish. Market has been strong though so good chance we maintain top of channel and try to break out again in the near future.
IMO daily candle charts are the most important and reliable charts. I do like 4 hour candles as they are more granular for seeing trends and are pretty close to as reliable and I often look at 1 hour candles for a pulse on the now but generally speaking, the shorter candle you use, the less you can rely on it.
Lets take a look at the break down of the daily candle.
---------------------------------------------------------------
# ETH/USD Analysis – Daily Chart 📊
## Structure and Price Action:
**Ascending Channel with Breakdown Risks**
ETH/USD is currently trading within a **parallel ascending channel**, with price oscillating between its upper and lower bounds (green lines). Recently, the price sharply rejected at **$4,100** and is now testing the **lower trendline support** near **$3,500**.
**Bearish Rejection Near Key Resistance**
Sellers emerged strongly at the **$4,100 Bearish Order Block (OB)**, leading to a steep reversal. This highlights a significant supply zone at this level.
**Approaching Key Demand Zone**
The price is nearing **Bullish Order Blocks (OB)** around **$3,500–$3,600** (green zones), where buyers have defended historically. This is a critical support area within the larger channel.
---
## Support and Resistance:
**Immediate Resistance**
- **$3,600–$3,700**: Overhead resistance zone, aligned with EMA 20 and mid-channel range.
- **$4,100**: Major supply zone, previously rejected at this level.
**Key Support Levels**
- **$3,500**: Current demand area reinforced by a key trend line
- **$2,800–$3,000**: Next structural support if breakdown occurs.
---
## Indicators
**EMAs (20/50/100/200):**
- The price has dropped below **EMA 20 ($3,800)** and **EMA 50 ($3,750)**, indicating short-term bearish momentum.
- **EMA 100 ($3,610)** is providing immediate dynamic support.
- **EMA 200 ($3,380)** remains a critical long-term support level.
**Parabolic SAR**
- SAR dots are below the candles indicating an up wave in progress but it seems muted.
**Volume**
- Recent sell-off saw a **volume surge**, confirming active participation in the pullback.
**Stochastic RSI**
- Currently **oversold** (9.30/26.79), favoring a short-term bounce from this zone.
**Money Flow Index (MFI)**
- MFI is sitting at **51.26**, indicating neither overbought nor oversold conditions but showing signs of selling pressure easing.
---
## Pattern Analysis:
**Ascending Channel Breakdown Risk**
ETH/USD is testing the **lower channel boundary ($3,500)**. A breakdown below this level could invalidate the top of channel, leading to bearish momentum targeting lower support levels.
---
## Probabilistic Outlook
**Bullish Scenario (Primary Case):**
If buyers defend the **$3,500–$3,600** zone with rising volume:
- **First Target**: $3,800–$3,850 (EMA 20 and mid-channel resistance).
- **Second Target**: $4,000–$4,100 (upper channel resistance).
**Bearish Scenario (Alternate Case):**
If the price closes below **$3,500**:
- **First Target**: $3,200 (next structural support).
- **Second Target**: $3,000–$2,800 (psychological level and major demand zone).
---
## Key Signals to Watch:
1. **$3,500 Support**: Holding or breaking this level will decide the next move.
2. **Volume Confirmation**: Rising volume on bounce or breakdown strengthens directional bias.
3. **Stochastic RSI Oversold Levels**: Signals a possible bounce unless selling pressure increases.
---
## Order Book Update:
Order books continue to look dirty but with potential for recovery. Both asks and bids tracking a downward trend, asks is staging a potential ascending channel though many times asks have lost a bit more than bids on pullback, indicating negative trader sentiment or fear in the market, it is in a position to change course over the next days but until it does, books are under pressure.
---
## Conclusion:
ETH/USD is at a **critical inflection point**, testing the lower trendline of the ascending channel converting to a sideways channel to consolidate before breaking out or breaking down. Bulls need to defend **$3,500** to sustain the medium term bullish structure. A successful defense targets **$3,800–$4,100**, with anything higher than $4100 starting a new breakout and while failure to maintain $3500 opens the path toward **$2,800** or lower.
🔍 **Monitor volume, key support levels, and stochastic momentum for confirmation.** 🚨
NVDA is coming backWent below the earnings low but the stock has a strong support around 127 and 132 range. Relative strength is pretty good and it seems like is trying to come back. The fundamentals are still good.
Therefore, I have this trade idea to buy the stock of the 130 with a very tight stop at 125 and my target is 165.
THETA Long OpportunityMarket Context:
Several altcoins, including THETA, have retraced to their horizontal support levels, presenting a prime opportunity for a long position with favorable risk-to-reward.
Trade Details:
Entry Zone: Between $1.99 – $2.14
Take Profit Targets:
$3.10 – $3.35
$4.00 – $4.40
Stop Loss: Just below $1.70
This setup leverages THETA’s strong support level, providing clear upside potential while managing risk effectively. 📈
XRP Long OpportunityMarket Context:
XRP has shown strong performance and is revisiting the 2021 resistance highs, which have now flipped into support. This creates an ideal zone for a long entry with solid risk-to-reward potential.
Trade Details:
Entry Zone: Around $1.80
Take Profit Targets:
$2.42
$2.90
Stop Loss: Close below $1.60
This setup aligns with XRP’s bullish structure, providing an opportunity to capitalize on its momentum while managing downside risk effectively. 📈
Reason to worry on Alts?With Bitcoins huge institutional backing seeing it far surpass $100k and reaching a new high of $108k, it's easy to say that the biggest cryptos future looks bright, but what of altcoins? Looking at the TOTAL3 chart there are a few key points I'd like to highlight, some positive and some negative:
4H 200 EMA - This moving average is so important for the short/mid term bias. In a bear market we very rarely see trading above the 4H 200 EMA and vice versa in a bullmarket. Currently TOTAL3 is retesting the MA as support, with first tap wicking below and then a move back above, this is positive so far showing that buyers are willing to step in at this level. Bullish.
Bearish structure forming? - At its core, trading is simple. You buy low and sell high, now we all know there is more to it than that but the basics are still the most important. The trend is your friend, so lets analyse the trend.
Clear Higher high and Higher lows ever since the US election result, bullish structure/trend. However, we recently got our first Lower high since then and now the question is will we get a Lower low to flip the structure bearish? So far that is not the case ass the 4H 200 EMA swooped in to save the day but if price were to dip below the Daily support we'd have a trend flip on the 4H.
Since that is an IF, lets see what is happening now, a tightening of the highs and lows would equal an accumulation phase and in this instance an accumulation phase after a strong rally is a setup for the next leg which is bullish. Just got to keep an eye on that structure for now.
The formation of a downtrend - This ties into the structure point, like how we saw 8 months of "chop" on BTC which in reality was a downtrend after a strong rally, this chart pattern is looking similar to 4H TOTAL3 we see now. If we see a new LL at the downtrend support level I will switch to trading TOTAL3 as a range until proven otherwise.
GOLD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GOLD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 2,698.246 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the GOLD pair.
✅LIKE AND COMMENT MY IDEAS✅
BTC - Let's Do It Again!Hello TradingView Family / Fellow Traders, this is Richard, also known as theSignalyst.
📈 As per my last BTC analysis (attached to the chart), BTC rejected the blue circle zone and made a new ATH.
If you missed it, we might have another opportunity to catch it again.
The new blue circle marks the intersection of a key structure, the lower blue trendline, and the $100,000 round number.
📚 According to my trading style:
As #BTC approaches the new blue circle, I will be looking for bullish reversal setups (such as a double bottom pattern, trendline break, and so on).
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~ Rich
USOIL is Nearing A Decent SupportHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 69.20 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 69.20 support and resistance area.
Trade safe, Joe.
Gold Is Nearing The Daily Support That Intersects With The TrendHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2620 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2620 support and resistance area.
Trade safe, Joe.
INJ Long Swing Trade OpportunityMarket Context:
INJ has entering a key area of support, offering a strategic opportunity to ladder into a long spot trade. This swing trade setup allows for strong upside potential while maintaining clear risk management.
Trade Details:
Entry Zone: Between $22.55 - $23.50
Take Profit Targets:
$31.00 - $35.50
$45.00 - $50.00
Stop Loss: Just below $21.00
This setup provides an excellent risk-to-reward ratio for a swing trade as INJ consolidates within support, setting up for potential upside continuation. 📈
USDCAD: Consolidation Phase Towards The TrendHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.42800 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.42800 support and resistance area.
Trade safe, Joe.
USDJPY Is Nearing The 153.400 Support Along With The TrendHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 153.400 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 153.400 support and resistance area.
Trade safe, Joe.