Latest SOLUSDT update todayAs the SOLUSDT pair continues its movement within a well-defined descending triangle pattern, traders are closely watching the price action unfold on the 4-hour chart. This bearish continuation pattern is gaining attention as the price forms a series of lower highs, with a consistent support level provided by an ascending trendline.
Key Resistance Zone Holds Firm
SOL’s price is currently trading near a key resistance zone, ranging from 142.54 to 144.48 USDT, which has acted as a barrier to upward momentum on multiple occasions. Despite attempts to break through, the market appears to be respecting this zone, further increasing the likelihood of continued downside pressure.
Bearish Outlook Strengthening
The descending triangle pattern typically signals a potential breakdown, especially as the price continues to be compressed within the narrowing range. If the price fails to push past the upper boundary of the triangle and encounters rejection within the resistance zone, it could lead to a strong bearish move.
A decisive break below the 137 USDT level, marking the lower boundary of the triangle, would confirm the breakdown. Should this occur, SOLUSDT may target the next major support level around 130 USDT, as the bearish sentiment dominates short-term market dynamics.
SELL
BITCOIN SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
BITCOIN pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 30m timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 59,547 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/NZD BEARS ARE GAINING STRENGTH|SHORT
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EUR/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.771 area.
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EUR/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the EUR/JPY with the target of 162.473 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
EUR/CAD is making a bullish rebound on the 4H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.497 level.
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XAUUSD: Regaining the psychological threshold of 2650Dear friends, XAUUSD continues to gain some recovery momentum as it has reclaimed 2600, but the main trend and the long-term trend are still moving sideways.
Currently, the price is approaching the psychological level of 2650 and at the same time is approaching the limits of the Bollinger Bands. A downside correction is expected when the pair reaches the level, the targets are the support levels of 2625 and 2605.
And you, how do you think XAUUSD will move on the last trading day of the week!
EURUSD: Prolonged bearish momentum.The September Fed meeting minutes showed a dovish stance on monetary policy, pushing the USD higher and forcing EUR/USD lower.
In response to the above information, the price slid to the support level of 1.0950 and the EMA 34 - 89 is maintaining a steady downtrend, indicating that the sellers are still dominant. That is why I set my target at the round level of 1.0800, which matches the lower boundary as indicated on the chart.
What do you think about this view?
DXY Is Very Bearish! Short!
Please, check our technical outlook for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 102.931.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 101.163 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NZDCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for NZDCAD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.835.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.828 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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TIGR UP Fintech Holding Limited Options Ahead of EarningsIf you haven`t bought TIGR before the previous earnings:
Now analyzing the options chain and the chart patterns of TIGR UP Fintech Holding Limited prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $0.72.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BIBI Bilibili Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BIBI Bilibili prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $1.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
EURUSD Will Move Lower! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.096.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.092 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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UNFI United Natural Foods Options Ahead of EarningsAnalyzing the options chain and the chart patterns of UNFI United Natural Foods prior to the earnings report this week,
I would consider purchasing the 17usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $1.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
LW Lamb Weston Holdings Options Ahead of EarningsIf you haven`t sold LW before the previous earnings:
Now analyzing the options chain and the chart patterns of LW Lamb Weston Holdings prior to the earnings report this week,
I would consider purchasing the 65usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $5.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
STZ Constellation Brands Options Ahead of EarningsAnalyzing the options chain and the chart patterns of STZ Constellation Brands prior to the earnings report this week,
I would consider purchasing the 240usd strike price Puts with
an expiration date of 2024-10-18,
for a premium of approximately $0.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
USOIL BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 71.85.
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USD/CHF SHORT FROM RESISTANCE
Hello, Friends!
USD/CHF is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 0.851.
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FXI Still Time to Capitalize on the China Stimulus RallyThe recent surge in Chinese stocks following China’s central bank stimulus announcement signals a promising opportunity for those looking at the iShares China Large-Cap ETF. The stimulus package, part of a series of aggressive moves from Chinese policymakers, reflects a significant shift in their approach to economic management. For years, China hesitated to implement large-scale stimulus measures, fearing the long-term risks. However, the latest actions show that this cautious mindset has been abandoned, with the government now prioritizing immediate economic recovery.
This newfound willingness to deploy powerful monetary tools suggests that China’s central bank is prepared to act decisively to combat the economic pressures the country is facing. With this level of commitment, it’s reasonable to expect that the stimulus will have a meaningful impact, potentially accelerating growth in key sectors. The iShares China Large-Cap ETF, which tracks some of the largest Chinese companies, stands to benefit significantly from this shift. As these companies often reflect the broader health of China’s economy, investors could see strong gains in the near term as the effects of the stimulus ripple through the markets.
Given the central bank's proactive measures and the potential for further interventions, the iShares China Large-Cap ETF presents a compelling opportunity for bullish investors who want to capitalize on China's economic rebound.
JPM JPMorgan Chase Options Ahead of EarningsIf you haven`t bought the dip on JPM:
Now analyzing the options chain and the chart patterns of JPM JPMorgan Chase prior to the earnings report this week,
I would consider purchasing the 210usd strike price Puts with
an expiration date of 2024-10-18,
for a premium of approximately $2.82.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
WFC Wells Fargo & Company Options Ahead of EarningsIf you haven`t bought the dip on WFC:
Now analyzing the options chain and the chart patterns of WFC Wells Fargo & Company prior to the earnings report this week,
I would consider purchasing the 51usd strike price Puts with
an expiration date of 2024-11-1,
for a premium of approximately $0.24.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SHIB/USDT today SHIB/USDT is in a downward channel. The price may face resistance at 0.00001739 and is likely to continue falling towards 0.00001640.
Strategy:
Sell near 0.00001739, targeting 0.00001640.
Stop Loss above the channel to minimize risk if it breaks out.
Keep an eye on the channel for any potential reversal!
ETH Rejection at $2,461: Bearish Target $2,320?The Ethereum (ETH/USDT) chart on the 1-hour timeframe shows a significant price rejection from the $2,461 level, which is a key resistance zone. The price is currently hovering around $2,406, and the trend is favoring a bearish outlook. Here is a brief analysis and trading strategy:
Key Levels:
Resistance Zone: $2,461 - $2,460 (red zone)
Support Levels: $2,357 (first target), $2,320 (secondary target)
Analysis:
The price is facing strong resistance from the $2,461 level, with multiple rejections indicating the dominance of sellers.
The short-term moving averages are aligning with the bearish trend, and the price is struggling to break back into the resistance zone.
The next probable move, as shown by the red arrows, is a bearish continuation towards the first support level at $2,357, with a further possible drop to $2,320 if the selling pressure continues.
Trading Strategy:
Short Position: Consider shorting near the $2,414 - $2,461 resistance zone if the price fails to break above it. Target $2,357 initially, and if the bearish momentum continues, aim for $2,320.
Stop Loss: Place a stop just above the $2,461 level to limit risk.
This setup favors bearish traders, but monitor the price action closely near the support levels for any signs of reversal.