Solana - We Will See A New All Time High!Solana ( CRYPTO:SOLUSD ) is preparing for an all time high breakout:
Click chart above to see the detailed analysis👆🏻
After dropping -95% in 2022, Solana then rallied an incredible +2.000% and retested the previous all time high. Then we saw a quite long term but tight consolidation and just two months ago, Solana retested the lower support again. It is just a matter of time until we will see a breakout.
Levels to watch: $120, $210
Keep your long term vision,
Philip (BasicTrading)
Support
GOLD BREAKDOWNA chart representation of what may happen on Gold in the week and beyond.
Monthly TF still looks significantly bullish as the Gold Market Price is currently still trading above the previous significant monthly lows. We don't need the price to just trade below but close below to ascertain the presence of weakness in the current bullish trend.
On the Weekly TF, price has shown a clear push signifying a building up in bearish momentum before and after the US elections last week. Nevertheless there is the monthly lows as support to hold off what sells we are seeing and resume bullish trend. Until the break of that area, we will only keep seeing the current push down as gathering liquidity to continue the preceding bullish pressure.
Coming to the lower TF, the chart clearly shows Possible rejection zones that may be used as indicated and based on special confirmations know to my trading style, I will be looking forward to join in for buys or sells where significant.
Fundamental - The uncertain nature of Trump's first approach upon assuming second term may stir trade tensions globally and mixed sentiments may have an effect on price volatility until his policy implementations are clearer.
Will ETH repeat BTC's strong upward move?ETH in a key place, currently fighting with strong resistance at the level of $3,247, this is a key place before the upward movement to around $3,561, which is the last place before the movement towards a very strong resistance zone from $3,948 to $4,102, which is a key place before the establishment of the new ATH.
Looking the other way, there is currently a strong upward movement, which may give a moment of relief and here there is support at $2,816, then there is strong support at $2,546, and then the price could go back even to around $2,117, which in the current situation is an unlikely move at this point.
Looking for a potential leap on DLTR!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Tyson Foods TSN Herd Mentality Bounce on Bottom Trend LineHello Traders,
Here is my chart for Tyson Foods TSN. You can see the price is bouncing around inside a rising wedge and is about to touch the bottom trendline. The RSI is oversold with bull div. I expect a generic herd mentality bounce on the trendline with a target being the top trend line.
Lets see.
EURUSD Testing Strong Support ZONE Near 1.0700EURUSD Testing Strong support zone near 1.0700
EURUSD is currently testing strong support zone near 1.0680:1.0700.
This area seems poised to push the price up again in the coming days making it a potential shortterm trade opportunity.
The US will release the consumer price index CPI data on wednesday so the market is likely to speculate again .
The US consumer price index YOY For October is expectedto be 2.6 percentage vs 2.4 percentage the previous month.
Energy YOY for October is expected to remain 3.3 percentage.
You mayfind more details in the chart thankyou and Good luck
SCR possible long SCR is quite volatile for me, so I recommend ist either without leverage or a maximum of 2-3.
If we don't hold the current support, then 2 green zones are marked on the chart, for long I recommend the lower zone (but the chance of getting there is 50/50).
I recommend setting SL according to your risk management.
GL!
$GME Potential Movement (11/11/24)Hey Traders,
NYSE:GME is back on the radar, showing its classic meme-stock momentum! On the 1-hour chart, we’re watching a solid structure here: there’s a break of structure at $25.02 that’s been tested twice today but has held as strong resistance so far. Our key support zone sits at $24.53 (previous higher high and BOS), with another potential test point nearby at $24.64.
If we break through that $25 resistance on the 1-day chart, we could see a push toward the gap fill at $25.56.
Stay disciplined and remember to secure those gains!
David
Diz-Plin Trading
ETHUSD price action poking above descending channelFirst breach of the top trendline of the descending channel here by the price action. We all know that price will often times dip back into a chart pattern after the ntial break above it so as of now we can’t yet say this validates the breakout of this pattern. Even though it’s more common patterns dont official validate their breakouts until the 2nd 3rd or 4th breach of a toot rendline, there are plenty of examples of patterns that have confirmed their breakout on the 1st breach of the top trendline as well so it’s wise to be prepared for either possbliity. Think a good indicator of it confirming the breakout will be once the 200ma gets flipped to sold support. The 200ma is current wick resistance. *not financial advice*
Bullish Gartley + Bullish Pennant Break Combo - XLMHere I have COINBASE:XLMUSD on the Weekly Chart!
After the 2.5 Year long Bullish Gartley Harmonic Pattern had finished forming this July 2024, we see Price has been working into a tight Consolidation Pattern called the Pennant!
This Harmonic Pattern has been quite the Rollercoaster for longtime COINBASE:XLMUSD investors but with the Bullish Rally brought on this week, we see Price Breaking Above the Falling Resistance of this Pennant Pattern to the .10 area!
-If Price can find Support upon retesting the Break of Falling Resistance and stay above, we could see COINBASE:XLMUSD bask in .10 range and Push Higher!!
-RSI is now pushing Above 50 after the period of Consolidation stuck just underneath, indicating Bullish Interest is building
**If Price is unable to sustain these Higher Prices, this current Bullish Break could become False and we could see Price play back down into the Pennant Pattern!
With the Trump/Vance Campaign, we heard a lot of plans and potential being put towards the Cryptocurrency Market and with the win of the Presidency, we could start to see more Interest in this financial area.
Further updates will be on Daily Chart!
BTC new ATH what's next?BTC reaches new ATH, but the level around $76,600 is a key place in the four-year cycles lasting for BTC, because from its low in each cycle, it grows less by 5.3 times than in the previous cycle. However, the situation may change with the introduction of ETFs to the market, which changed price movements. If we manage to break out of the $76,600 level, we can see a move towards $83,800, and then the important level is at $89,000. When the price starts to recover, the first important thing for us is the support zone from $73,700 to $70,000, when this zone is broken, the price can quickly return to the level of $66,000, and then the important support is at the price of $59,300. We have also identified a visible upward trend line on which we can currently base critical points in the event of a correction.
EUR/USD OUTLOOKIn this analyze we are analyzing weekly time frame for EUR/USD. In weekly time frame price create a big consolidation move, So I'm looking for buy opportunity when price come into our zone. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Use proper money management and risk to reward ratio.
#EURUSD 1W Technical Analyze Expected Move.
SUPPORT AND RESISTANCEHere we are analyzing 2H time frame for finding the upcoming move in USDCHF price. Today I'm looking sell opportunity on the basis of support and resistance combine with price action. After confirmation we will execute our trade. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
#USDCHF 2H Technical Analyze Expected Move.
BTC, everybody knows about the bullflagHello everyone,
today I want to talk about the obvious fact, that BTC is in a big bull flag, since it formed the 74k high. But the way how it moved out of the lowest point of that flag isn't impulsive at all unfortunately. There is only a three wave move, followed by some more choppy price action, so to trade it safe, we need more confirmation.
I added some support levels (orange) and a trend line (green) to the chart. If you like to follow my thoughts I will talk about the development of the price action within that bull flag in the upcoming weeks.
IWM: Cup, Handle, and a Bullish GambleAMEX:IWM
Original Chart :
Been eyeing IWM lately, and honestly, this setup has the kind of potential that could get even the most cynical trader to sit up and pay attention. We’re looking at the *beginning* of a cup-and-handle-esque pattern so pristine it belongs in a TA textbook—classic accumulation followed by consolidation, like the bulls are quietly gearing up for something big. But here’s where it gets even more interesting: with the recent US election in the rearview and a lineup of Fibonacci extensions and moving averages all pointing in the same direction, this setup is practically begging for a breakout. Let’s dive into the details.
Fibonacci Extensions and Price Targets
Let’s talk targets. I’m looking at $315 and $365 based on Fibonacci extensions, and yes, that $365 target might sound ambitious, but hear me out. Fibs are like the star charts for traders—rooted in math, mystical enough for Twitter hype, and strangely accurate. $315 is the conservative target, sitting right around the 100% extension, where we might see price take a breather. But the real spotlight is on $365, the 200% extension level, which could be where we end up if this breakout goes full send. If Fibonacci levels have taught us anything, it’s that the universe loves a good price projection.
Moving Averages and the Golden Cross
Then there’s the 50-day and 200-day moving average crossover—the infamous “golden cross,” which might sound like something out of an Indiana Jones movie, but actually just signals bullish momentum. We’ve got price hanging above both moving averages, a classic recipe for sustained upward trends. Historically, this setup has a decent track record of making bulls look smart, and right now, it’s flashing green like a big, neon sign saying, “This way to higher prices.”
Volume Profile and Key Levels between $200-$240
The Volume Profile is where things get interesting. That $200-$240 range is showing a massive amount of trading activity, acting like a gravity well for price. If IWM revisits this range and bounces around $235, that’s our green light for lift-off. This is the make-or-break level—the battleground where bulls and bears duke it out. Here’s the nuance: if price *rejects* $235 and consolidates, that’s what would actually form the handle of this cup-and-handle setup, setting the stage for a later breakout. If $235 holds, we’re looking at a more direct path upwards. If not, well… it might be time to rethink the moonshot narrative.
Mapping Out the Bullish Scenarios
So, we’re left with two paths. Path one is the steady grind up to our targets, where IWM just slowly marches its way to $315 and then potentially $365, no drama, just smooth sailing. Path two is the extended consolidation phase in the $200-$240 range through most of 2025, creating that classic “handle” structure. Think of it as the market getting in some much-needed cardio before the sprint. By end-Q1 2025, we should know which scenario is unfolding based on whether we hold above that $235 line.
Curious to see if anyone else is seeing the same potential here. The combination of a cup-and-handle formation in the works, Fib extensions, and moving averages feels like a recipe for something substantial, but I’m always down to hear different perspectives. Are you all vibing with the $365 target, or is that too much hopium?
THETA Long Spot Trade (Support Pullback) Market Context: Following a sharp two-day reversal, THETA appears poised for a potential continuation if it holds the next support level. A slight pullback to around $1.10 may present a solid entry for a long position.
Trade Setup:
Entry: Around $1.10
Take Profit:
First target: $1.22
Second target: $1.35 - $1.45
Third target: $1.55 - $1.70
Stop Loss: Just below $1.00 (daily close)
This setup aims to capture upside momentum while mitigating downside risk. #THETA #Crypto #Support
XRP/USDT 1D ChartHello everyone, let's look at the current situation of XRP in pair with USDT taking into account the one-day time frame. In this situation, we can see the price rebounding from the downtrend line.
Let's start by setting goals for the near future, which include:
T1 = $0.56
T2 = $0.60
T3 = $0.63
T4 = $0.68
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $0.50
SL2 = $0.47
SL3 = $0.42
ETH Bouncing Off Key Support – Rally on the Horizon?Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
Welcome to this quick ETH update.
ETH is forming a descending triangle like structure in the daily time frame and currently holding the lower trend line of the triangle. It is holding the trend line and bouncing very well so far.
As long as, ETH is holding the trend line we can expect a good rally from here.
What’s your take on ETH’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!
BTCUSD FORECASTWe are currently analyzing the 2-hour time frame to identify potential price changes in Bitcoin. The market scenario is bullish, and the trend is also bullish. Today, I am looking for a buying trade opportunity as soon as the price reaches our designated level. We will execute our trade after confirming with the candles.
Make sure to use a stop loss for your trade.