SOLANA // target reached, what now?The market has come all the way down to the weekly breakout and the correction fibo 78.6 with an impulse.
After such a fast impulse bumps into a strong support, chances are high that some kind of a correction of the impulse will come.
It doesn't mean, it turns from here, and goes to new highs, though!
The daily countertrend breaks above the daily impulse base (higher green level), but the countertrend line breaks at the daily breakdown (lower green level). Above that, if the waves support, the bull trend resumes.
Below the long trigger zone, every move up is only the correction of the correction, therefore, quite risky.
There is space to take the long side from here, though, so It may be a good opportunity for a good day trader. I'd definitely wait for H4/H1 to turn waves long.
The price may go to the weekly impulse base, but I would wait with the short until the market is trading below the weekly breakout. The reason is that at this phase, accumulation may kick in, with sudden ups and downs on the market.
What's is your opinion about this market? Fell free to share it!
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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
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GBP/USD--> Just One Step Away from a Further DeclineHello everyone, Ben here!
Today, GBP/USD continues to face significant challenges. The pair remains under pressure due to a negative fundamental backdrop, the strengthening of the US dollar, and the emergence of a critical resistance zone. These factors all point to the likelihood of a sustained bearish trend.
Yesterday, the UK GDP figures were released, showing no change. This lack of improvement leaves the British pound without any meaningful upward catalysts. Meanwhile, the US dollar finds support from recent market dynamics. Despite rate cuts, the dollar is gaining momentum, bolstered by hawkish rhetoric and expectations of economic growth. Against the backdrop of Trump-era policy shifts, the medium-term outlook for the greenback appears favorable.
From a technical perspective, GBP/USD is currently testing a high-risk resistance zone. If a false breakout occurs, it could trigger a short-term rebound. However, this reaction is likely to be temporary. Following such a move, the pair may target a retest of local resistance levels. Yet, the real focal point lies in the support test within the next 1–3 days, which could set the stage for a deeper decline.
A crucial level to watch is 1.2488. Should a base form at this point before any significant breakout, it would reinforce the bearish outlook and pave the way for further downward movement.
Stay sharp and trade wisely!
Yours truly, BenTradeGold.
Can ALGO Break Free? Bulls Eye $0.531, but First $0.453!
Algorand ALGO is tiptoeing around $0.4288, the mid of the range zone with slow and choppy price action.
1 A decisive break above $0.453 could give the bulls a reason to celebrate, clearing the path for a run toward the next resistance at $0.531. If momentum builds, we could see ALGO stretching its legs and aiming even higher (Green Projections).
2. On the flip side, if $0.398 fails to act as a safety net, things could get bearish short-term. Bears might take charge, dragging the price toward the next support at $0.32. That’s where traders may want to look for potential signs of life and opportunity to DCA (Red Projection).
To sum it up: $0.453 is the hurdle bulls need to clear for upside excitement, while $0.398 is the line in the sand for buyers. It’s ALGO’s time to decide—will it climb higher or hit the floor? Stay tuned!
DOGE/USDT Analysis🚀 DOGE/USDT Analysis 🌟
📉 Support Zone:
We have a strong support zone between 0.25922 and 0.25111. This range represents a key area where buyers are likely to step in and defend the price.
📊 Buying Zone:
The level 0.31236 serves as a buying level. Holding above this level increases the probability of a bullish recovery.
✅ Bullish Confirmation:
The key confirmation level for the upward trend is 0.34477.
💡 A daily candle close above this level 0.34477 will signal a strong breakout, validating the bullish scenario.
🎯 Targets:
1️⃣ First Target: 0.64804 📈
2️⃣ Second Target: 0.84585 💰
🔥 Conclusion:
DOGE is in a critical phase. Watch for a break above 0.34477 to confirm the upward trajectory. Until then, the support at 0.25922–0.25111 and the buying zone at 0.31236 remain crucial levels to monitor.
⚠️ Disclaimer: This is not investment advice. Please conduct your own research and trade responsibly.
📩 For any inquiries or further clarification about this analysis, feel free to contact me privately. 😊
DXY - Potential Start of a Global RallyMonthly chart is not that exiting but daily structural change at range high/resistance is lovely. This is a good level for return of trend before the CPI this week and FOMC next week.
Hope it holds below the resistance and does not get back to 110.
I am an amateur trader. I sometimes enter into trades. Other times it is only an analysis. Trade with your own risk awareness.
Long NEIROTimeframe: 4H
Entry Zone: The market has traded below a key low (marked in the 4H chart) around 0.05420. After a significant downward movement, price has shown signs of consolidation and potential reversal, signaling an opportunity for a long entry near this support area.
Target: Targeting a significant level at 0.0680 on the 8H chart, where we expect the price to face resistance (highlighted with a blue box). This provides a risk-to-reward ratio of approximately 2,3 to 1
Stop Loss: Place a stop loss just below the recent low at 0.0430 (or slightly below this area to allow for minor fluctuations).
Trade Rationale: Price has shown significant bullish momentum after the key low, and there is strong support at 0.03218.
We are looking to capitalize on the potential bullish breakout, with a high-probability reversal setup based on the current market structure.
Microsoft - H&S Fake Out to Make Out! 16% Upside🖐️ H5 TRADE - NASDAQ:MSFT
There was to much going on to call out my exact entry on this at the retest area but to be fair I put it on everyone's watchlist a few weeks ago and said a retest would be a perfect entry. This will be different once the H5 Community is up and running as I will have a whole trade alerts channel were I post my trades and buy/sell notis right as after execution!
With this trade we still have over 16% to run upward from here. So, up to you friends! Them and other Mag7 names held up really well during that flash crash and that is very bullish to me! Also, to throw in a learning lesson for all: Just because a charting pattern forms (H&S on MSFT) doesn't mean it's a trade you should enter! Always wait for breakouts and retest! If you struggle with that then you better beat it into your head and tape you hands underneath your desk!
-H5 indicator is GREEN
-Symmetrical Triangle pattern breakout and retest
-Launching off Volume shelf back to ATH and beyond
-Bottom of the two year rising channel
-Williams CB forming and believe we create support next week
I consolidated the account yesterday into the best trades and saw this OLD SAFE n RELIABLE trade and chose to buy some options!
🔜🎯$466
🎯$512
⏲️Before 05May2025
2 Contracts -$420 Calls for May 16th 2025
CB: $40.03 - Currently $43.75
Not financial advice.
BTC & USDT Dominance: The Final Showdown!Hello, traders,
Here’s an update on BTC and USDT.D on the 2-week timeframe.
BTC recently hit a new all-time high of $108k, followed by a 15% rejection. In my previous video, I clearly mentioned the possibility of this rejection, but many of you focused on cash inflow into BTC, institutional interest, and other factors.
I’m not here to prove a point but to present the probabilities of what could happen. This 15% drop was enough to liquidate 419,670 traders in the past 24 hours.
What’s next?
According to the 2-week chart, BTC is likely to drop to $80k and potentially as low as $69k in the coming weeks. Meanwhile, USDT.D is expected to test the 4.8%-5% resistance level. This could provide enough room for BTC to undergo further correction. A rebound from support is anticipated, and if this chart plays out, we could soon witness another epic rally for BTC.
I hope this update helps you make better trading decisions. Please remember to do your own research and analysis before investing.
Trade safely.
BTC Bitcoin "Snake green eyes" reversal setupBTC Bitcoin "Snake green eyes" reversal setup. Snake eyes is a green dot, red dot, green dot pattern that has predicted the previous 2 pumps on bitcoin. If we get a green dot in the next 2 4hr candles then we would get the snake eyes and could see a fast move up.
BTC CM RSIEven though CRYPTOCAP:BTC is correcting on the short side, it is still in a major bullish phase on the big time frame.
The inverse head and shoulders pattern seen on the #Bitcoin 1M Chart is also present in the CM RSI indicator, where we obtain healthy results in the long-term view, and is in the retest process.
Solana on the Verge of a Bullish Reversal: Price Targets SetSolana (SOL) is showing strong signs of a potential recovery after a significant selloff, with key technical indicators pointing to a possible upward reversal.
The Relative Strength Index (RSI) is currently in oversold territory below 30, a classic signal of an impending price rebound. This suggests that Solana is due for a bullish correction.
MACD is showing a bullish crossover, with the MACD line crossing above the signal line, indicating increasing upward momentum.
After a dramatic price decline, Solana has started to climb, signaling that buyers are stepping back in. This price action supports the potential for further upward movement.
Analysts are optimistic about Solana’s future, with several forecasts predicting a move toward $250–$300 in the next few months, assuming the current bullish momentum holds.
Increased institutional interest and Solana’s growing presence on major platforms like Robinhood are contributing to a positive outlook as well.
Take Profit Levels:
$210: This is the first key resistance level. If Solana breaks and holds above this level, it would confirm the start of a stronger uptrend.
$260: The next major target is $260. If Solana continues its bullish trajectory, this level is likely to be tested.
Market - 6H Railroad TracksThis dump has been brutal, but the crypto market might be seeing the first major signs of a potential recovery.
If you look to the past dump after the liquidation cascade, we printed 6H railroad tracks before pumping 30-40% across the board and creating a lower high before this drawdown.
Railroad tracks occur when price is either pumping or dumping aggressively and as soon as that particular candle closes the market instantly reverses the other way.
We are now seeing a similar formation on the 6H candle. Of course, there is still more time to go to confirm this but here we have BTC, SOL, ETH, XRP and many other altcoins. All instantly reversed as soon as the 6H candle closed. If history repeats we should see some sort of relief rally.