This 1-hour chart of SUI/USDT showcases a significant price drop, with the price currently testing a key support level around $2.275. The highlighted red zone represents a resistance area near $2.345, while the blue zone indicates a potential downside target if the bearish momentum continues. The 200-period moving average (MA) at $2.4416 suggests that the price is trading below a key dynamic resistance level. Traders should watch for potential rejection at resistance or a breakdown below support to confirm further movement.
#SOL/USDT #Analysis Description --------------------------------------------------------------- Solana (SOL) has been in a strong uptrend since late 2023, but recent price action suggests a key test of support around the $115–$135 zone. This level was previously a major resistance and is now being retested as support. Moving Averages: The price has dipped below the shorter EMAs but is still above the long-term moving average. Bearish Momentum: The recent sharp drop suggests selling pressure, but the support zone could lead to a reversal. Two Scenarios: ? Bullish: If the support holds, SOL could bounce back towards $180+ and continue its uptrend. ? Bearish: If support breaks, a deeper correction to $43–$60 is possible. ? Trading Strategy Long Entry: If a strong bounce occurs from the $115–$135 zone, targeting $180+. Short Entry: A confirmed breakdown below $115 could trigger a move toward $60 or lower. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
A reverse head and shoulder pattern is forming on 1D BTC chart It's a sign of bullish reversal if it confirmed ✅
Bitcoin dominance is currently at 62.24%, a level it has reached during the latest bullish wave in a three-year continuous uptrend. This coincides with the formation of an all-time high in the recent fifth wave. Current Situation Analysis: Bitcoin Dominance Level: Bitcoin dominance indicates the percentage of control Bitcoin investors hold. When Bitcoin dominance is high (as it is here at 62%), it signifies that Bitcoin investors control the market, supporting the uptrend. ? Uptrend: The three-year continuous bullish wave indicates the strength of the current trend. ? Fifth Wave: In Elliott wave theory, the fifth wave often represents the end of an uptrend. Therefore, the formation of an all-time high in this wave may indicate an approaching trend reversal. ? Predictions: The market may target the 65.70% level before it begins to reverse. ? A daily close below the 60.30% level may signal the beginning of a change in the uptrend, with an initial target at 52.5%. ? Notes: Technical analysis is one tool among many used by traders and investors. ? Bitcoin dominance analysis is part of the market analysis tools that contribute to decoding trades. ? Financial markets are volatile and cannot be predicted with absolute accuracy. ⚠️ Recommendations: Monitor the mentioned support and resistance levels (65.80%, 60.30%, and 52.5%). ? Use other technical analysis tools to confirm signals. ✅ Consider other factors that may affect the market, such as economic news and political events. ? Always exercise caution in trading. ?
NZDUSD: Trading Within a Narrow 50-pip Range The NZDUSD currency pair has been trading within a narrow 50-pip range, stuck between 0.5710 and 0.5760 for about 10 days. It seems likely that this sideways movement will continue in the coming week, as there are no major developments expected. Next week, two key events could impact the US dollar. The first is the decision on Trump's tariffs, expected by April 2 or 3. The second is the release of Non-Farm Payroll (NFP) data. The U.S. is forecasted to report a decline in job growth to 128,000, down from 151,000 in the previous month. Market conditions may remain choppy, and even if NZDUSD moves lower, I don't expect it to fall below 0.5680. The reversal zone between 0.5680 and 0.5710 will likely remain critical for the pair to regain upward momentum, as highlighted on the chart. 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.
The most significant factor in the market is liquidity. The market is driven by it, not support and demand. Its present means to engage in price manipulation. Join my new Telegram private channel for free daily signification t.me/+3H-tN0vGegBiO… Valid until 05/2025
Ive been studying the charts all day and i noticed a few people made the same mistake I did, The “bullish FVG” in the 1.088 area is cap because it was invalidated by the bearish reversal so its still possible we could run still to the upside and i have pending orders to the upside in case this happens but if the price does hit the 1.088 area as noted on the chart the price will still drop to support and to the priorty FVG. Since the DXy is in a mini downtrend its quite possible the price can rise to 1.09 before another bearish continuation. Before falling to the 1.065 area. But with tarrifs in play it seems more reasonable for the price to decline overall before another rally to 1.15 or higher, But I think the market is very unsure that’s why we were bearish on Friday close Personally a continued uptrend makes sense, but it really wouldn’t be much of a rally, because there’s no FVGS to clear to the upside there is only bearish FVGS rn. With “liberation day” coming the last time we had tarrifs announcements the market dropped like 1500-2000 points before a sustained rally. That day the price literally had no chance to recover, it only recovered after a fall to support. So its possible history could repeat itself and the market could literally just dump or have another liquidity grab before up again.
As expected, CRYPTOCAP:BTC is rolling over, hopefully to form that right shoulder for the inverse h & s patter to confirm the next leg up. This dumped is fueled by the impending death cross, which historically marks big reversals, since the cross is already priced in.
Sell after bearish candle stick pattern, buy after bullish candle stick pattern.... Best bullish pattern , engulfing candle or green hammer Best bearish pattern , engulfing candle or red shooting star NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER Stop lost before pattern R/R %1/%3 Trade in 5 Min Timeframe, use signals for scalping
Wusdt Neowave This analysis has been drawn using monthly cache data. It will either form a Diametric or a Symmetric pattern. In both cases, we can see that an upward move will occur, and a high trading volume over several days could be the trigger for this movement.