Here is an update on Solana. The chart has the same numbers as before but the support line has been moved to match the 5-August 2024 low. The action is happening right above this level. While Solana trades above its August 2024 low, the action is considered bullish. Below this level and we are certainly bearish. Being bearish in this way does not change the long-term outlook, bias and perspective, we are set to grow long-term based on a broader trend and bigger cycle. This is a closer look. The low in April is a shy lower low compared to March. This is always important. Notice the steep decline. This is a bearish impulse, prices tend to move down fast and strong. When bearish momentum starts to die down, we see patterns like the one we have on the chart above. Some shaky action and then a lower or higher low. The market (SOLUSDT) is preparing to change course. The correction is present since November 2024. For Solana, the higher high in January 2025 is part of a complex correction, an extended flat. 3-3-5 wave in Elliott terms. This is irrelevant. The point is that once the correction is over prices tend to grow. Consider this, between June and September 2024 we have more than three months of consolidation. The market garnered enough strength to produce a bullish wave. It took a while but it happened. Then there is a correction and this bullish wave was erased by more than 100%. If buyers showed up at a price of $100, $120, $130 and even $150 in the past, they can definitely show up again. Now that the bullish move has been erased, we are back to square one, the starting point, the base; from this point forward Solana can grow again. Solana looks weak right now on the very, very short-term. But do not let this deceive you, we are going up next. Focus on the long-term. Accumulation can be done each time prices hit support. What happens if I buy and prices move lower? Wait patiently. If you have capital available, buy more. And if it drops again? Keep waiting, continue buying. You will be happy with the results once the market turns. Thank you for reading. Patience is absolutely key. If you didn't sell at $290, $280 or $250, why would you sell when prices trade at $100? It makes no sense. Buy when prices are low and hold. Only sell when prices are moving higher. Namaste.
✅ Setup Summary: Timeframe: 1 Hour Signal: Bullish Divergence Bias: Short-term bullish – Potential reversal or corrective bounce ? Technical Breakdown: Divergence Present: Price made a lower low, while RSI/MACD made a higher low → Sign of bearish momentum weakening Support Area: Price reacting near a previous demand zone or horizontal support Candlestick Clue: Watch for bullish engulfing, hammer, or structure break ? Trade Plan – LONG Entry: On confirmation from bullish candle Or break of minor 1H resistance or trendline Stop-Loss: Below the divergence swing low Target: TP1: Last 1H high TP2: Fib 0.5 or 0.618 retracement of recent bearish move R:R Ratio: Minimum 1:1.5 ⚠️ Watch Out For: GBP or CAD news (e.g. oil prices affecting CAD) Break below divergence low = invalidates the setup Best paired with a break of internal structure
ECONOMICS:CNIRYY March/2025 source: National Bureau of Statistics of China https://www.tradingview.com/x/uLpQL3tF/ - China's consumer prices fell by 0.1% year-on-year in March 2025, missing market expectations of a 0.1% increase and marking the second consecutive month of drop, as the ongoing trade dispute with the U.S. threatens to exert further downward pressure on prices. Still, the latest drop was significantly milder than February’s 0.7% fall, supported by a smaller decline in food prices as pork prices accelerated and fresh fruit costs rebounded. Meanwhile, non-food prices rose by 0.2%, reversing a slight dip of 0.1% in February, driven by increases in housing (0.1% vs 0.1%), healthcare (0.1% vs 0.2%), and education (0.8% vs -0.5%), despite a continued decline in transport costs (-2.6% vs -2.5%). Core inflation, which excludes volatile food and fuel prices, rose 0.5% in March, rebounding from a 0.1% decrease in February. On a monthly basis, the CPI declined by 0.4%, a steeper fall than a 0.2% drop in February, marking the second straight month of contraction.
After president trumps tariffs pause announcement on 4/09/2025 Nasdaq rallied saw bullish momentum to $19,200 levels. Price consolidated after around $19,194(resistence) & $18,609 (support) levels. As a break-out trader, we waited for price to break the support level of $18,609. Forming our indication, correction and continuation analysis on the 15min time frame a explained in the video. Follow on Insta:@phoenixtradingx
The downtrend is obvious, clear, and well defined. The long term downtrend will continue for the foreseeable future. Maybe if this company changes its CEO, that will inspire confidence in the stockholders
We saw a very successful bounce from the bottom of the golden pocket thanks to the 90-day tariff pause announcement, however we have stayed inside the downtrend pattern which I have highlighted. We could see a slow and steady decline back towards the golden pocket area. The theory here is that if we bounce again, we would be looking at a double bottom which is a bullish signal. Let's see how it goes. Feel free to let me know your thoughts.
Just looking at the bullish pattern, I feel confident that there will be a drop either after 3170 or 3200 what do you guys think?
At present, the price of gold is just one step away from its all-time high. Will it break through to a new high? 3,168 is a strong resistance point. Once this level is broken through, gold may have a chance to surpass the 3,200 mark. Leave your opinions in the comments, and let's discuss them together.
With with continued global tariff war between USA and China, Gold price still seems to exhibit signs of overall Bullish momentum as the price action may form a prominent Higher High with multiple confluences through key Fibonacci and Support levels which presents us with a potential long opportunity. Trade Plan: Entry : 3178 Stop Loss : 2946 TP 0.9 - 1 : 3399 - 3408
If we check the chart , you will see that the price moved +170s in second entry , but the same support forced the price to go up again , it`s a very strong support . so we need to close 80% from our contracts to be safe , and for continue we need a 4H Closure below this support .