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Head and Shoulders

Solana (SOL) Market Overview – April 17, 2025As of April 17, 2025, Solana (SOL) is trading at approximately $134.55 USD, reflecting a 5.48% increase from the previous close. ⸻ 📈 Technical Analysis Price Action & Momentum: • Recent Performance: SOL has rebounded from lows near $120 to around $134.55, positioning itself as one of the top-performing altcoins recently. • Support & Resistance Levels: • Immediate Support: $120 – Crucial for sustaining the current bullish momentum. • Resistance Zone: $133 – $135 – A breakout above this range could unlock further upside. Key Indicators: • RSI: 53.90 – Neutral momentum • MACD: -3.01 – Slightly bearish • Stochastic Oscillator: 92.14 – Overbought territory • ADX: 19.10 – Weak trend strength ⸻ 🧭 Fundamental Analysis Network Strength: • High Throughput & Low Fees: Solana continues to dominate with its scalable and low-cost blockchain infrastructure. Institutional Interest: • ETF Activity: Five ETF filings as of March 2025 highlight increased institutional trust in Solana. Market Sentiment: • Fear & Greed Index: 29 – Market is in “Fear” zone, potentially creating long-term buying opportunities. ⸻ 🔍 Summary Solana is showing bullish recovery signs driven by positive price action and ETF momentum. However, technicals suggest a cautious approach in the short term due to overbought signals and weak trend strength. Fundamentally, Solana’s powerful infrastructure and institutional support could fuel long-term growth.
Long
by sorooshx
EURGBP Flashes Two Bearish Technical Signals Ahead of LagardeEURGBP is giving negative technical signals ahead of the Lagarde's press conferance. After Trump announced new tariffs, the euro surprisingly gained against the pound. The U.S. imposed tariffs twice as large on the EU compared to the UK, with a minimum of 10% on UK goods. Despite this, the pound weakened more than expected. However, this move might prove to be temporary. The real focus of ECB will be on the outlook. Recent economic data, combined with the added pressure from tariffs, may push the ECB toward further rate cuts later this year. President Lagarde has been cautious for some time, offering few forward-looking signals. Today, markets will be closely watching for any hint of future easing. If Lagarde sounds more dovish than expected, the euro could come under renewed bearish pressure. EURGBP has been forming a head and shoulders-like pattern since the start of last week. It may currently be developing the second shoulder, depending on how the price moves today. A combination of 8–13 hour moving average crosses and RMI sell signals on the 60-minute chart has successfully captured all local tops since April 7. These same signals have appeared again today. If they prove accurate once more, the 0.8525 support level will be key. This level represents the neckline of the potential head and shoulders pattern. However, if EURGBP moves above 0.8620, the bearish setup would be invalidated.
Short
by ftdsystem
XRP forms inv. H&S, suggesting a 21% upsideXRP is nearing a key trendline with an inverse head and shoulders pointing to a possible breakout. Watch 2.1974 closely. Targets at 2.47 and 2.67 offer strong risk-reward. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XRPUSDLong
by ThinkMarkets
1
EURUSD forms inverse head and shouldersEURUSD has stalled after testing key levels, but a new inverse head and shoulders is forming. We’re watching for a breakout above 1.1429, backed by correlated moves in GBPUSD and USDCHF. Triangle and flag patterns also point higher. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
3
Trading Signals for GOLD we look to sell at $3,335 XAUUSD SELL PLAN @3330_3335 SL : @3345 TP : @3288 TP : @3253 Trade Analysis Early in the American session, gold is trading around 3,307, showing signs of exhaustion. A further technical correction toward the 21SMA is likely in the coming hours. On the H4 chart, we can see that gold is trading within a bullish trend channel formed on April 10th. It is likely that in the coming hours the metal could continue its a rise to 3,335 and could even reach 3,338. If gold breaks and consolidates below 3,288, we could expect a strong downward movement. So, the metal could continue its sell with a target at 3,274, and the price could eventually reach the +2/8 Murray located at 3,248. if gold rise towards the 8/8 Murray located at 3,335, we could expect confirmation first if the gold price consolidates above the +1/8 Murray, then it could reach this target. The indicator is reaching overbought levels, so we will look for opportunities to sell below its high of 3,335, with targets at 3,288, 3,274, and finally 3,248.
FOREXCOM:XAUUSDShort
by CEO-PREMIUM-ANALYSIS
1
Strong reversal seen in LIC HSG FIN ????Hi Guys ! • As it is clearly visible from the chart that in downtrend LIC Hsg fin has formed inverse H&S, not only formed but it has break the neckline also with good volume. • Now to participate in rally wait for another green candle which will also called confirmation candle. •Once it confirms then enter the trade and target will be 20%-21% from the first broken candle. • Don't get confuse between target and entry should be after 2nd confirmation candle. • Stoploss will be low of right shoulder which will be 10%-11%. ***This are all my personal views and thoughts and not any recommendations***
NSE:LICHSGFINLong
by investorragnarok
NZDCHF market outlookFX:NZDCHF NZDCHF has came back and reached above its neck level of the QM pattern the second time, also having several demand zones reached and respected, pushing price upwards and forming a compression. We can keep an eye out on this pair and make decisions when it reaches the resistance zone once again. There are two possible scenarios that could happen, if it’s able to break above the resistance zone and close bullish candles, we can look for long opportunities and buy it to resistance 2 which is at 0.49630. If there is a strong rejection from resistance, we can then look for pullback and enter on shorts. However, due to the fact that NZDCHF is still very bearish on the H4 and Daily timeframes, our bias should be bearish and prioritize selling opportunities. On sell trades, we may be able to hold the position longer and target different take profit levels.
by CandleCipher
XRP/USDT I Reverse Short Squeeze Alert! Resistance at 2 USDTHey Traders after the success of my Previous trade this month on NASDAQ:HOOD hitting Target 1 & 2 in 2 days more than 16%+ With a Similar Trade setup But Crypto I bring you today BINANCE:XRPUSDT Short opportunity - Market structure - Head and shoulder pattern - Currently will be trading at supply zone which was a recent support and now an ideal place for a reversal which is taking place as we speak- 4 Hour TF. - Breakdown and retest - Risk Aversion Dynamics in Cryptocurrency Markets PROTIP/- Entry on Bearish candle stick pattern on Current Levels Stop Loss : 2.2292 Target 1 : 1.4707 Target 2 : 1.0507 Technical View The orange circle marks a double top within the supply zone, acting as the shoulders of a larger head and shoulders pattern, suggesting strong resistance. Bearish Trendline breakdown + Retest Risk Aversion Dynamics in Cryptocurrency Markets Fundamental View - How Current Affairs can effect this pair! The proposed imposition of significant tariffs, such as the 60% levy on Chinese imports suggested by former U.S. President Donald Trump, could trigger a chain reaction across global markets. This scenario would likely amplify risk aversion among investors, potentially catalyzing a sell-off in risk-sensitive assets like XRP (Ripple) in favor of perceived safe havens such as the U.S. dollar (and by extension, Tether/USDT). Below, we analyze the mechanics of this relationship and its implications for the XRP/USDT trading pair. 1. Tariff Escalation and Its Macroeconomic Consequences 1.1 Direct Impact on China’s Economy A 60% tariff on Chinese exports to the U.S. would directly reduce China’s export competitiveness, potentially lowering its GDP growth by 1.5–2.5 percentage points annually, according to UBS economists. This slowdown would exacerbate existing vulnerabilities in China’s economy, including a property market crisis, weak domestic demand, and deflationary pressures (June 2024 CPI: 0.2% YoY). Reduced economic activity in China—the world’s second-largest economy—could dampen global trade volumes and commodity prices, indirectly affecting risk sentiment in financial markets. 1.2 Global Spillover Effects The UBS analysis highlights that retaliatory measures by China or other nations could amplify trade fragmentation, further destabilizing supply chains and corporate earnings. For example, the April 2025 announcement of 25% U.S. tariffs on automotive imports triggered a 2.9% drop in the S&P 500 and a 5–7% decline in major Asian equity indices. Such volatility often precedes broader risk aversion, as investors reassess exposure to growth-dependent assets. 2. Risk Aversion Dynamics in Cryptocurrency Markets 2.1 Flight to Safety and USD Appreciation During periods of economic uncertainty, capital typically flows into safe-haven assets like U.S. Treasuries and the dollar. Tether (USDT), a stable coin pegged 1:1 to the USD, often benefits from this dynamic as crypto traders seek stability. For instance, Bitcoin’s role as a “weak safe haven” for the USD in acute crises suggests that stable coins like USDT could see increased demand during tariff-induced turmoil, while altcoins like XRP face selling pressure. 2.2 XRP’s Sensitivity to Risk Sentiment XRP, unlike Bitcoin, lacks established safe-haven credentials. Its price action in Q2 2025 exemplifies this vulnerability: a 7.5% decline over 30 days (peaking at 2.57 USDT on March 19 and bottoming at 1.64 USDT on April 7). This volatility aligns with broader patterns where altcoins underperform during risk-off periods. A global slowdown would likely intensify this trend, as retail and institutional investors reduce exposure to speculative crypto assets. 3. Mechanism: From Tariffs to XRP/USDT Price Decline 3.1 Investor Behavior in Risk-Off Environments Tariff Announcements → Equity Market Sell-Off: The April 2025 auto tariffs caused a 6–7% drop in Asian equities, signaling growing risk aversion. Liquidity Reallocation: Investors exit equities and crypto (including XRP) to hold cash or cash equivalents like USDT. USD/USDT Demand Surge: Increased demand for USD lifts USDT’s relative value, pressuring XRP/USDT downward. 3.2 Technical and Fundamental Pressure on XRP Supply-Demand Imbalance: As sellers dominate XRP markets, the token’s price in USDT terms declines. The 14.56% 90-day volatility in XRP/USDT suggests heightened sensitivity to macroeconomic shocks. Liquidity Crunch: A broader crypto market downturn could reduce trading volumes, exacerbating price swings. 4. Historical Precedents and Limitations 4.1 Bitcoin’s Mixed Performance as a Hedge While Bitcoin has shown limited safe-haven properties for the USD in short-term crises, its decoupling from altcoins like XRP during stress periods is well-documented. For example, Bitcoin’s 40% rebound post-COVID crash contrasted with XRP’s prolonged slump in 2020–2021. 4.2 Mitigating Factors Stimulus Measures: If China implements aggressive fiscal stimulus, as UBS posits, a partial recovery in risk appetite could cushion XRP’s decline. Crypto-Specific Catalysts: Regulatory clarity or Ripple-related developments (e.g., SEC case resolutions) could counteract macro-driven selling. 5. Conclusion: Bearish Outlook for XRP/USDT in Tariff Scenario In a tariff-driven slowdown, the XRP/USDT pair faces downward pressure due to: Risk Aversion: Capital rotation from crypto to stable coins. USD Strength: USDT demand surges as a proxy for dollar safety. Altcoin Underperformance: Historical precedent of XRP lagging during macro stress. People interested should monitor China’s policy response and U.S. tariff implementation timelines, as these factors will determine the severity of XRP/USDT’s downside. A breach below the April 7 low of 1.64 USDT could signal prolonged bearish momentum. This analysis synthesizes macroeconomic triggers, market psychology, and cryptocurrency-specific dynamics to outline a plausible pathway for XRP/USDT depreciation amid escalating trade tensions. Not An Investment Advise
Short
by REUBEN_EUSTACE
4
SOLANA (#SOLUSD): Bullish Outlook & BreakoutSOLANA formed an inverted head and shoulders pattern on both daily/intraday charts. Following the release of last Friday's fundamentals, the market experienced a significant surge, breaking through its neckline and a strong falling trend line. This led to a consequent strong bullish movement and change of character CHoCH. These broken structures now form an expanding demand zone. I will be looking for a buying opportunity in this zone, anticipating a bullish reversal towards the 150 support level.
COINBASE:SOLUSDLong
by linofx1
3
Bitcoin Remains King, But Altcoins Face Potential Ruin.Although forecasts of Bitcoin reaching astronomical levels have cooled, its role as the foundation of the cryptocurrency ecosystem remains steadfast. Bitcoin continues to demonstrate resilience and stability, serving as the digital gold standard in an increasingly volatile market. However, a starkly different picture emerges for many Altcoins. The classic "Head and Shoulders" pattern, a bearish technical indicator, is becoming increasingly prevalent, suggesting a potential decline or even extinction for a significant portion of the Altcoin market. Investors need to proceed with caution and strategic foresight.Diversification and a focus on established projects like Bitcoin are paramount in mitigating risk. Understanding technical analysis and market trends is crucial to navigating the complex and ever-evolving crypto landscape. Don't let the lure of quick gains blind you to the fundamental principles of sound investment. Choose stability, choose resilience. SEYED.
CRYPTOCAP:BTC.D
by SEYED98
5
XYOusdt Trading opportunityXYOUSDT has achieved a magnificent breakout from its downtrend, showcasing a potential inverse head and shoulder formation. The price is currently forming the right shoulder of this pattern, with a broad accumulation zone that can accommodate most of the right shoulder formation. Targets are clearly delineated on the chart, ranging from immediate to final levels. For this setup, I recommend a 25% stop loss and suggest trading on spot to allow for proper room for dollar-cost averaging (DCA) if feasible.
Long
by weslad
3