Maybe the 5 waves of the impulsive cycle of the current Solana cycle is like this (I'm not an expert in Elliott waves)
Hello traders After CADCHF reached resistance zone, it looks like it has started reversing as it broke the 20 sma that was holding for a while and it broke a short term support zone. We are looking to enter on the 4H fair value gap. My entry is as marked on the chart.
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
Based on my trading algorithms CADCHF will drop for 140 pips
Bitcoin is stuck in a tight consolidation that can be very confusing and costly IF you get too wrapped up in opinions and typical internet propaganda. To participate effectively in this you either play the range levels on small times frames (see my previous week's analysis) or just stay out completely until a decisive break unfolds. When and which way it breaks is ANY ONE'S guess. The range support is in the 94 to 93K area. Use time frames like the 5 minute or 15 minute to confirm bullish reversals here and look for small bites. The coming week is the same story as the previous week. The 99K AREA is the range resistance and should be used as a reference point to gauge profit potential for swing trade longs or to anticipate sell signals for aggressive shorts. That is the game plan for the week UNTIL Bitcoin clears one of these price points. The anticipated move (illustration on chart) is the same as the week before. Please keep in mind this market is sensitive to a variety of catalysts and has a tendency to be affected by the Nasdaq on a intraday basis. Unexpected news can come out of no where and throw off any analysis, especially longer term. This is why it is so important to stay opinion free while focusing on potential opportunities around predetermined price locations, Either the market delivers or it does not. Part of being a savvy trader/investor is knowing when to simply stay out. Consolidations offer opportunities at the range boundaries, while the WORST place to take action is around the mid point which is the most RANDOM area. There is not much more to say than that. When the market breaks one way or the other, new profit and risk expectations can be adjusted for only then. Thank you for considering my analysis and perspective.
Yello Paradisers! Are you watching #CRVUSDT? If not, you might be missing out on a major move that’s about to unfold in the #CurveDAOToken ecosystem: ?#CRV is currently trading within a descending channel, forming a classic A-B-C correction after its explosive five-wave rally (1-2-3-4-5). The price has reached a key support level around $0.40, which could act as a potential reversal zone if buyers step in. Indicators like RSI are showing signs of exhaustion, but confirmation is needed. If bullish divergence starts forming, it could trigger the next leg up. ?Key resistance to watch is at $0.61. A breakout above this level will be the first confirmation that bulls are taking control, potentially leading to a strong rally toward the $1.20-$1.30 resistance zone. However, failure to reclaim this level could keep #CRVUSD stuck in consolidation, with further downside risks. ?The $0.40 support is crucial because the bulls have stepped here multiple times to defend it. If #CRV finds support here and forms a strong bounce, we could see the beginning of a new bullish impulse. The next line of defense for the #CurveDAOToken sits around $0.219. ?However, a daily close below $0.219 would invalidate the bullish setup, opening the door for a deeper drop toward lower lows. The bears would be in total control and would drag the price to lower support levels. Stay focused, patient, and disciplined, Paradisers? MyCryptoParadise iFeel the success?
Market Outlook: The USD/CHF pair appears to be setting up for a potential short opportunity this week, based on key technical signals from the weekly chart. Here’s why: 1. Key Resistance Rejection & Price Action: • Price is testing a strong resistance zone, aligning with a previous high. • There is rejection wicks forming at this level, signaling a struggle for buyers to push higher. • The red zone highlights a potential area for price reversal, with an expectation of bearish movement from this level. 2. Moving Averages Alignment (Bearish Bias) • The 50 MA (yellow) and 200 MA (red) are acting as dynamic resistance. • A rejection from this level suggests that price could be respecting the longer-term moving average structure. • If price fails to close above this resistance, it strengthens the bearish bias. 3. RSI & Momentum Indicators Showing Weakness • RSI appears to be in a potential overbought zone or showing divergence. • This suggests that bullish momentum is weakening, supporting a short scenario.
Alright, here’s how you can break it down for your audience: ? PEPE/USDT Price Action Update ? Right now, PEPE is forming a symmetrical triangle, which means price is squeezing tighter, getting ready for a breakout. The big question—which way? What I’m Watching: ? Key Resistance: Around 0.00001200, with a major hurdle at 0.00001800. ? Key Support: Holding at 0.00000900, but if that breaks, we could see 0.00000800 next. ? Volume is Low: Classic consolidation move—this means we’re waiting for a big spike in volume to confirm the next move. Momentum Check ? Right now, momentum is still weak (-19.63), but the selling pressure is starting to slow down. The TTM Squeeze shows the red bars fading, which could mean a shift is coming. 3 Scenarios to Watch ? Bullish Breakout: If we break above 0.00001000 with strong volume, next target is 0.00001200 and higher. ? Bearish Breakdown: If 0.00000900 fails, we could drop to 0.00000800 fast. ⏳ Sideways Chop: If we stay stuck between 0.00000900 - 0.00001000, the market is still undecided—waiting for a catalyst. Game Plan: ✅ If we see a confirmed breakout with strong volume, I’ll look for entries on retests. ✅ If we break down, I’ll be watching for potential buys at key support levels. ✅ No rush—let’s wait for the market to tip its hand. Stay sharp—big move coming soon! ?? This keeps it engaging, simple, and actionable. Let me know if you want any tweaks!
It is at a historical ceiling where resistance is very strong. I expect a return to the 170 range and a market decline. Our main target is 9%. There is a possibility of a decline of up to 20% in the long term. The decline is probably as low as 20%. I am taking profit with a stop. 1- Break of the uptrend line 2- Start of the bearish phase 3- Retracement to the 86% Fibonacci line in the bearish phase 4- Start of our short position and receive 9% of the chart OANDA:EURCAD
Hello traders AUDCAD has been forming a flag setup on the 4h. Now it has broke the flag and it is time to go long. My entry with sl and tp are as on the chart.