Following a strong daily close above the resistance level, a buy-side imbalance and sell-side inefficiency(FVG) have been observed on the 4 hour chart. 1. As long as the price holds above the flipped resistance-turned-support level, the likelihood of a breakout above the trendline increases. 2. A successful breakout could propel the price towards higher resistance levels, as marked on the chart. PS: - This analysis is for educational purposes only and should not be considered financial advice. - Always apply good risk management practices to your trading decisions.
For the time being, I will place my bet on FALL - until the price proves me wrong. Good luck.
Tesla is forming to test its recent high. Remember I said so!
Solana (SOL) has slipped 14% from its January 19 all-time high of $295.83, now trading at $254.32. However, the altcoin's bullish momentum remains intact, with key indicators pointing to a potential rebound. The tide appears to be turning as SOL’s spot markets see renewed investor interest. After experiencing net outflows of $137 million—the highest in 30 days—SOL has rebounded with strong net inflows. This has driven a 9% price increase over the past 24 hours, signaling that buying activity is outpacing selling. Further fueling optimism, SOL’s Open Interest (OI) has surged by 11% in the last 24 hours, climbing to $7.25 billion. Rising OI is a strong indicator of heightened demand and trader confidence in the asset's near-term potential. On the daily chart, Solana’s Relative Strength Index (RSI) stands at 67.49, signaling bullish momentum without entering overbought territory. The RSI suggests strong accumulation, with room for further upside before a correction becomes likely. If the bullish trend continues, SOL could retest its $295.83 all-time high and potentially push higher. However, a surge in sell-offs could invalidate this outlook, potentially pulling SOL down to $239.39, where support lies. For now, Solana's strong investor interest and growing accumulation point to a promising near-term outlook. Whether it reclaims its highs or faces resistance, SOL remains a focal point in the crypto market.
══════════════════════════════ 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. ═════════════════════════════
? Trade Setup Details: ? #TRUMP/USDT ? Buy | Long ? ⌛️ TimeFrame: 1H -------------------- ? Risk Management: ? If Your Account Balance: $1000 ? If Your Loss-Limit: 1% ? Then Your Signal Margin: $25.32 -------------------- ☄️ En1: 52.24 (Amount: $2.53) ☄️ En2: 46.35 (Amount: $8.86) ☄️ En3: 42.15 (Amount: $11.39) ☄️ En4: 37.95 (Amount: $2.53) -------------------- ☄️ If All Entries Are Activated, Then: ☄️ Average.En: 44.21 ($25.32) -------------------- ☑️ TP1: 77.24 (+74.71%) (RR:1.89) ☑️ TP2: 87.94 (+98.91%) (RR:2.5) ☑️ TP3: 101.54 (+129.68%) (RR:3.28) ☑️ TP4: 118.83 (+168.79%) (RR:4.27) ☑️ TP5: 137.93 (+211.99%) (RR:5.37) ☑️ TP6: Open ? -------------------- ❌ SL: 26.75 (-39.49%) (-$10) -------------------- ? Maximum.Lev: 1X ⌛️ Trading Type: Swing Trading ‼️ Signal Risk: ? Low-Risk! ? ? Technical Analysis Breakdown: This technical analysis is based on Price Action, Eliot Waves, SMC (Smart Money Concepts), and ICT (Inner Circle Trader) concepts. All entry points, Target Points, and Stop Loss are calculated based on professional mathematics formulas as a result you can have an optimal trade setup based on great risk management. ? Sentiment & Market Context: The TRUMP/USDT pair is currently experiencing growing bullish sentiment, with increasing buying pressure pushing the price toward critical resistance levels. As the broader crypto market shows signs of optimism, the TRUMP coin is catching the attention of traders looking for strong potential gains. Key technical indicators suggest a possible breakout, but with volatility in play, careful monitoring is essential. On the fundamental side, TRUMP coin’s growing community support and unique positioning in the crypto space offer a promising outlook, though its long-term performance will depend on continued adoption and market trends. Keep an eye on price action for any signs of consolidation or breakout opportunities! ⚠️ Disclaimer: Trading involves significant risk, and past performance does not guarantee future results. This analysis is for informational purposes only and should not be considered financial advice. Always conduct your research and trade responsibly. ? Stay Updated: Like this technical analysis? Follow me for more in-depth insights, technical setups, and market updates. Let's trade smarter together!
On the lower timeframe, I see a cup and handle pattern that could likely lead Bitcoin to at least the Launchpad area and then, after breaking it, to the $110,000 target. A close below the lower order block would field this analysis.
Good recovery by Nifty today closing above the mid channel line but there is long way to go before Bulls are back in business. We do not know if today's bounce was a dead cat Technical bounce after the rout yesterday. The resistances that Nifty now faces are at 23176, 23424, 23657 (Father line resistance), 23850 (Mother line resistance), 24518 and finally channel top resistance near 24799. Above 24800 closing bulls can come back in business and take Nifty North wards to 25299+ levels. Supports for Nifty remain at 22935, 22465, 21866 and finally 21232. Below 22935 is a pure Bear territory. We are terribly close to the bear territory. Shadow of the candle is neutral. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Will it happen? possibly yes. 75% chance it will repeat last current bull run if not better it. AND NO NO NO it isn't like the last 2020 bull it is NOT! So stop comparing only ever use it in the same chart to identify patterns from the key areas don't use it as a "go to for what will happen next" you can do that but not really only successful traders can claim they do it successfully lol Here is why. See the image I posted see those waves I added to the market bars candles an the RSI they are the same lines I cloned them. SO its not a new wave its the same. In some then we will see and I can re-check this idea for its validity. Like you will be able to. Good luck trading supply shock is real buy all the CRYPTOCAP:BTC you can and hold for at MINIMUM 5 years!
It is possible that the market may selloff starting at 1.25732 approx. So Im a seller there with a stop at 1.27. Its highly likely that the market wont touch that level in my opinion. The same price "frequency" that caused the low at 1.21 will be the same frequency that produces resistance at 1.25732. The repeat pattern (inverted) from feb 5th 2024 low to march 8th high and the downswing from July 13th to august 25th combined provides the expected action to play out at 1.25732. I am a seller for now. Will it get there? Only TIME will tell.