What happens if Solana rebounds? SOLUSDT Swing ChartSolana, alongside Ethereum, has been one of the most criticized projects during this downturn.
Issues such as Pump.fun’s reckless meme coin launches and the Trump coin controversy have fueled negative sentiment. As a result, I’ve noticed that many people are now mocking Solana along with Ethereum.
Given these factors, I analyzed Solana’s rebound potential, and I’ve observed some promising signs.
The first reason is the end of the decline due to a BSL Sweep.
I typically observe how far a drop extends when liquidity removal (Liq Sweep) occurs at the upper or lower range (BSL, SSL). Based on this, I generally assess the situation in two ways
For example, when liquidity removal occurs at BSL, I assess whether the price could drop further down to SSL.
I define the BSL-SSL zone as a single range and look for potential rebound areas around the 50% midpoint of this range.
If scenario 2 occurs, there are many aspects to consider, but to put it simply, we can look at the possibility of a rebound through the Premium Zone, a concept from ICT theory. Within this zone, we analyze various key levels.
The Premium Zone can be understood as an area where Smart Money can exit their positions once the price reverses. Just like retail traders, Smart Money must sell their positions to realize profits.
Since the short positions taken at BSL are likely to be substantial, closing these positions would reduce selling pressure. As a result, this decrease in selling pressure could lead to a price increase.
I believe that the current Solana chart has reached the Premium Zone after a retracement caused by the BSL liquidity sweep.
Additionally, I have observed a Shark Pattern, a type of Harmonic Pattern, which suggests a potential rebound scenario.
Harmonic Patterns are chart patterns based on Fibonacci ratios used in technical analysis to predict potential reversal points in price movements.
These patterns frequently appear in the market, and they are structured around specific Fibonacci retracement and extension levels. When price movements align with these ratios, a recognizable harmonic structure is formed, signaling a possible reversal.
Additionally, Harmonic Patterns generally have four key target points based on Fibonacci retracement levels:
1. When measuring between C Point and D Point using the Fibonacci retracement tool, the typical targets are:
38.2%
50.0%
61.8%
2.If the price retraces properly, it can extend further up to the D Point.
For this Shark Pattern, I currently identify the D Point at $125.52, which represents the current low. *Personally, if the price falls below this level, I believe it could drop further down to the X Point.
Regarding the C-D leg of the Harmonic Shark Pattern, the typical extension ranges between 0.886% and a maximum of 1.13%.
.
.
.
.
I always find it challenging to wrap up my analysis smoothly, but I hope this perspective provides some insight.
As always, this is just my personal opinion, so I encourage you to review it with an open mind.
Thank you!
Harmonic Patterns
Gold must be watched tonight.Everyone, open your eyes. From the current technical trend, this wave of rise has been under continuous pressure near 2920. The short-term upward momentum is insufficient. The short-term high-level oscillation of 2915-2920 is maintained.
At present, the trend of gold today is slightly weak, and it has not continued the bottoming out and rebounding the day before yesterday. Because the current position is close to the previous high point, and the current risk aversion sentiment has eased slightly, the impact of breaking the previous high again is not strong, so we can see that gold has been oscillating around the 2914-2917 range, and most of the time there is not much breakout trend!
Operation plan, today, focus on whether it will break through 2920 again. If the US market still cannot break through 2920, you can directly short gold. If it breaks through 2920 again, it is not recommended to chase high. The strong pressure area above is concentrated in the 2925-2930 area, and the possibility of a sharp rise in the short term is not great. The support area below is concentrated in the 2895-2885 area. If it falls below the support point of around 2860 again tonight, you can directly chase higher.
eurusd sell limiteurusd is in a bullish trend , now it is at the fib 0.618 retracemnt lavel ... so there is a possible retracement is pending. usd employment rates are commin today, so there is a possibility of dollar index going upward. we place an order on a order block ... and wiat for results...
Falling towards overlap support?USD/CHF is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci projection and the 161.8% Fibonacci extension and could bounce from this level to our take profit.
Entry: 0.8805
Why we like it:
There is an overlap support level that line sup with the 61.8% Fibonacci projection and the 161.8% Fibonacci extension.
Stop loss: 0.8751
Why we like it:
There is a pullback support level that is slightly above the 100% Fibonacci projection.
Take profit: 0.8912
Why we like it:
There is an overlap resistance level
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce?USD/CAD has bounced off the support level which is a pullback support that aligns with the 78.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.4240
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
Stop loss: 1.4160
Why we like it:
There is a pullback support level.
Take profit: 1.4364
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce off pullback support?EUR/NOK is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 11.7451
1st support: 11.6802
1st Resistance: 11.8215
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the price rise from here?AUD/JPY is reacting off the pivot which has been identified as a pullback support and could rise to the 1st resistance which is an overlap resistance.
Pivot: 94.11
1st Support: 92.82
1st Resistance: 95.29
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish rise?AUD/CHF has reacted off the pivot which acts as a pullback resistance and could potentially rise to the 1st resistance which has been identified as an overlap resistance.
Pivot: 0.5618
1st Support: 0.5577
1st Resistance: 0.5680
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Nvidia - The +50% Rally Is Inevitable!Nvidia ( NASDAQ:NVDA ) is about to create a false breakdown:
Click chart above to see the detailed analysis👆🏻
After the -12% drop on Nvidia last month, Nvidia actually broke the final support trendline towards the downside. However bulls are about to break it again towards the upside, which would confirm the false bearish breakdown, leading to a short squeeze rally of about +50%.
Levels to watch: $140, $200
Keep your long term vision,
Philip (BasicTrading)
TOP 5 TRADING SETUPS THAT MAY BE IN THE ARSENAL OF A SKIN TRADERSuccessful trading is not about “guessing the market”, but about clear strategies and discipline. Today I will show you 5 setups that really work and will help you find the entry point with the best risk management.
1️⃣ Breakout & Retest
✅ How I work:
The price breaks through the rhubarb (strong support/support).
Then it turns around, tests this rope and jumps.
🔍 What you need to joke about:
High volume under breakdown (strong impulse).
A clear retest without any deep push back.
Candle pattern confirmation (pin bar, clay, etc.).
📈 De vikoristuvati:
Cryptocurrency
Forex
Stock market
🔸 Example: BTC/USD breaks through $50,000, turns around, tests it as support - and goes up.
🛑 Stop loss: after the breakout (with a small margin).
🎯 Goal: 1:2 or 1:3 for risk management.
2️⃣ False Breakout
✅ How I work:
The price breaks through the rhubarb, but then quickly turns back.
This is a trap for those who “run after the market.”
🔍 What you need to joke about:
Great tail of the candle after breakdown (manipulation).
The volume falls after the breakdown - shows the weakness of the rukh.
Confirming reversal pattern (pin bar, clay).
📈 De vikoristuvati:
Crypt
Forex
NASDAQ, S&P500
🔸 Example: The price of Ethereum breaks through $3,500, but it quickly turns around under this pressure – the witches “took control.”
🛑 Stop loss: beyond the extreme of the fake breakout.
🎯 Purpose: front level of support/support.
3️⃣ Liquidity Grab
✅ How it works:
The price breaks through the level sharply, knocking out stops.
Then returns to the zone and changes direction.
🔍 What to look for:
A strong impulse movement with a sharp pullback.
Knocking out stops (candle tails).
High volume on the return.
📈 Where to use:
Forex
Stock markets
Cryptocurrency
🔸 Example: Before a big drop, BTC makes a sharp jump above $52,000, collects stops of longs - and then falls to $48,000.
🛑 Stop loss: short, following a manipulation move.
🎯 Target: the nearest liquidity zone.
4️⃣ Trendline Bounce
✅ How it works:
Price tests the trendline and bounces.
🔍 What to look for:
Minimum 3 touches of the trendline (it should be strong).
Bounce with confirmation (candlestick patterns, volume).
Previous support or resistance zone.
📈 Where to use:
Any market (crypto, forex, stocks).
🔸 Example: NASDAQ tests the rising trendline, bounces - long entry.
🛑 Stop loss: below the trendline.
🎯 Target: nearest resistance level.
5️⃣ Double Top / Double Bottom
✅ How it works:
The price forms two identical highs (or lows), after which a reversal occurs.
🔍 What to look for:
Symmetrical pattern (two tops/two bottoms).
Reversal signal (bearish or bullish candle).
High volume during the second touch.
📈 Where to use:
Stock market
Forex
Cryptocurrency
🔸 Example: SP500 makes a double peak at 4700 and falls.
🛑 Stop loss: just above the top/bottom.
🎯 Target: 50% or 100% of the figure.
Conclusion:
These setups work in any market if applied correctly! The main thing is not just to see the pattern, but to understand what is behind the price movement.
Subscribe so you don't miss new discussions!
GOLD| Short Movement and Important US Data Ahead...Gold futures declined on Thursday, ending a three-day winning streak after the White House postponed car import tariffs, easing investor concerns. Markets now await the European Central Bank's interest rate decision and U.S. unemployment claims data, which could influence the U.S. dollar and, in turn, gold prices.
Currently, the price is undergoing a correction process toward 2904. From this level, we anticipate a decline, with the price expected to break below 2893. Notably, 2893 has been confirmed as a strong support level. If the price moves below this point, it is likely to reach 2879 and 2858.
However, if the price closes above 2904 on either the 1-hour or 4-hour timeframe, an upward movement is expected, potentially reaching 2918.
Bearish target: 2893, 2879, 2858
Bullish target: 2904, 2918, 2935
Gold update: the uptrend remains strong!Gold price is sitting at one-week highs near $2,930 early Thursday, consolidating a three-day recovery while aiming for a retest of lifetime highs of $2,956 ahead of mid-tier US economic data releases.
As mentioned on the chart, the uptrend remains intact, with the 34.89 EMA acting as strong support and the parallel channel effectively protecting buyers. Therefore, gold is still considered a safe investment, with a high likelihood that the upper resistance level of the trend channel will soon be confirmed.
What about you? What are your thoughts on gold?
GBPUSD in a Bullish Trend Without MomentumGBPUSD in a Bullish Trend Without Momentum
GBPUSD is currently in a bullish trend on the 4-hour chart.
However, the price has been stuck in this zone for approximately three weeks, clearly awaiting a significant catalyst to move out of this area.
The trading range is well-defined between 1.2560 and 1.2713.
While the chances for a bullish wave are higher, the situation remains risky due to daily comments from Trump.
The next major price direction will be indicated by a movement above or below this trading range.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
US30 | Dow Jones Reversal? Bulls Defending Support!📌 Dow Jones at Critical Support – Will Bulls Step In?
🔸 The US30 has been in a downtrend, with price testing a major demand zone at 42,250 - 42,500.
🔸 Key market drivers:
✅ Bond yields rising, pressuring equities.
✅ Fears of delayed rate cuts impacting investor sentiment.
✅ NFP report & Powell’s testimony creating uncertainty.
💡 Upcoming Catalysts
🔹 Stronger-than-expected NFP data → Could delay rate cuts → Bearish for US30.
🔹 Weaker jobs data → Could increase rate cut bets → Bullish for US30.
🔍 Technical Analysis (1H Timeframe)
🚀 Key Levels & Market Structure
🔹 Demand Zone: $42,250 - $42,500 (Strong support)
🔹 Resistance Levels:
🔸 $43,600 – First upside target.
🔸 $44,704 – Major supply zone (potential reversal area).
📈 Bullish Reversal Setup?
📌 Price is testing a high-probability support zone, indicating potential buyer interest.
📌 If price breaks above $42,750, we could see a rally toward $43,600 & $44,704.
📌 Bullish confirmation if price closes above $43,000.
📊 Trade Plan
✅ Bullish Scenario
Buy near support if price shows rejection.
Target 1: $43,600
Target 2: $44,704
Stop Loss: Below $42,200.
❌ Bearish Alternative
If price breaks below $42,200, expect further downside.
🔥 Final Thoughts:
The Dow Jones is at a key support level – will bulls push back, or will sellers dominate? Comment below with your bias! 📉📈
EURUSD: Buy or Sell?Dear traders!
Breaking out of the bullish channel has fueled an impressive rally in EUR/USD, with the pair currently trading around 1.0806 and showing no signs of slowing down from the bulls.
In the short term, to maintain its upward momentum, EUR/USD must break through the key resistance level at 1.093. A successful breakout could extend its bullish journey. Conversely, if this resistance holds firm, selling pressure may increase, causing the price to reverse and trigger a corrective move against the current trend.
GOLD The actual unemployment claims figure of 221,000, which is lower than the forecast of 234,000 and the previous week's figure of 242,000, suggests a stronger labor market than expected. This can have several implications for gold prices:
Impact on Gold Prices:
Interest Rate Expectations: A strong labor market typically supports expectations of higher interest rates by the Federal Reserve. Higher interest rates can lead to a stronger USD, which often negatively impacts gold prices as investors seek higher-yielding assets.
Economic Outlook: A robust labor market indicates economic resilience, which might reduce demand for safe-haven assets like gold. However, if the data suggests that economic growth is slowing down but not significantly impacting employment, it could lead to mixed reactions.
Historical Correlation: Historically, there is a positive correlation between unemployment rates and gold prices, as higher unemployment often leads to monetary policy easing, which can boost gold prices However, this correlation is not always consistent and depends on broader economic conditions.
Current Market Reaction:
Given the lower-than-expected unemployment claims, gold prices might experience downward pressure if investors perceive the labor market as strong and expect the Fed to maintain or increase interest rates. However, if the overall economic outlook remains uncertain or if other factors like geopolitical tensions or inflation concerns are prominent, gold could still attract buyers seeking safe-haven assets.
Trading Strategy:
Short Gold: If the strong labor market data supports higher interest rates and a stronger USD, traders might favor short positions on gold.
Long Gold: If economic uncertainty persists or if other factors support gold as a safe-haven asset, traders might consider long positions on gold.
Gold real market 2902-98 long orders continue to make big profitGold swept the market after last night's data, and after falling back to a low of 2894, it staged a V-shaped reversal. Our strategic thinking before the data was realized again, and the overnight daily line closed with a positive cross star. The performance of shock and strong is waiting to be broken. The upper pressure is at 2930. If the breakthrough continues, it can be seen to 2944. In the 4H cycle, it fell back and stabilized above the middle track. The Bollinger Bands closed upward. Combined with the blunt state of the indicator, in the short term, it will temporarily be treated as a strong range of shocks. The lower support is at 2912, 2900 and last night’s low. In terms of operation, according to the strength of the decline, it is mainly bullish and long. The upper side will gradually reach 2930 and 2944!
Operation suggestion: Buy gold near 2902-00, stop loss at 2892, look at 2930, 2944! If the white market is strong, you can rely on the support of 2910-12 to buy more!