Fierytrading Analysis

// 🔥 Bitcoin Bullish During Santa Rally? Data Says Yes! by FieryTrading on TradingView.com Trend Analysis Technical Indicators Chart Patterns Contains image     After seeing a couple people talking about a potential Santa Rally, I decided to dive into the data and see if the Santa Rally is actually a thing for crypto.Firstly, some general information. The "Santa Rally" originates from the stock markets, where it's described as a calendar effect where the markets show (generally) positive returns during the 5 trading days after Christmas and the first two trading days of the new year (wikipedia).Since Bitcoin markets are always open, I decided to look at the period from 27-12 (open) until 4-1 (close). The data may vary slightly depending which day you choose as your last day of the Santa Rally.As seen in the table, the average return of BTC during the period has been 7.34% over the last 12 years, with 75% being a green period. In addition, 42% of the times the returns have been greater than 10%!Will it happen again? We simply don't know. All we can see is that BTC has historically performed quite good during this periods, so definitely going to be interesting to see what the market will give us over the next two weeks or so. 💰Lower Your Trading Fees: https://taplink.cc/fierytrading📈Try my Premium Signals for 🚨FREE🚨: https://t.me/FT_Futures_free🔥Premium channel & 💎Contact: http://www.fierytrading.com🎯Crypto Signals & EXCLUSIVE analyses: https://t.me/FieryTradingChannel Website Source: Trader FieryTrading — Trading Ideas & Charts — TradingView

// 🔥 SOL Looking Weak: Lower Low Trigger by FieryTrading on TradingView.com Trend Analysis Technical Indicators Chart Patterns     As of today, the market is seeing more bearish pressure arise, SOL is one of the bigger losers of the day, which is to be expected when looking at everything that happened in the last couple of weeks.I'm looking for a close below the purple dotted support. A close below can be a great trigger for a potential short. $12 and $11 have proven to provide support/resistance recently, so those are my short-term targets. 💰Lower Your Trading Fees: https://taplink.cc/fierytrading📈Try my Premium Signals for 🚨FREE🚨: https://t.me/FT_Futures_free🔥Premium channel & 💎Contact: http://www.fierytrading.com🎯Crypto Signals & EXCLUSIVE analyses: https://t.me/FieryTradingChannel Website   Source: 🔥 SOL Looking Weak: Lower Low Trigger for BINANCE:SOLUSDT by FieryTrading — TradingView

// 🔥 The VIX Daily RSI Hit Oversold For The First Time Since 2004 by FieryTrading on TradingView.com Trend Analysis Technical Indicators Chart Patterns     As the title suggests, the VIX (the volatility index on the SP500 ) has hit oversold (<30) on the daily RSI for the first time since December 2004. Scroll back and see for yourself.A falling VIX is generally accompanied by bullish markets, while a rising VIX is often accompanied by bearish markets. If you wish to know more about the VIX , Investopedia has a great article on it.In my view, it's highly likely that the VIX will be reversing very soon, which will most likely lead to a bearish reaction of the stock markets and therefore crypto. If you're planning to take risky long bets, consider postponing this. An oversold VIX only adds more risk to the trade. 💰Lower Your Trading Fees: https://taplink.cc/fierytrading📈Try my Premium Signals for 🚨FREE🚨: https://t.me/FT_Futures_free🔥Premium channel & 💎Contact: http://www.fierytrading.com🎯Crypto Signals & EXCLUSIVE analyses: https://t.me/FieryTradingChannel Website Source: 🔥 The VIX Daily RSI Hit Oversold For The First Time Since 2004 for TVC:VIX by FieryTrading — TradingView

// 🔥 DXY Strongest Decline Since 2020: Market Bottom Is In? by FieryTrading on TradingView.com Trend Analysis Technical Indicators Chart Patterns    Around two months ago I made an analysis on the DXY ( dollar index ) and the fact that it was trading on a massive 14-year resistance. I argued that a top was possible, but still too early to tell. After looking at the chart, I think we can definitely argue that a potential top for the dollar is in. Consequently, this would be bullish for both the crypto and stock markets.Not sure if we're going to the bottom support area directly, I see it more plausible that the DXY will trade sideways for a couple of weeks/months.Be aware that a falling DXY is bullish for crypto, but that doesn't mean it will go up. The market is still licking its wounds from the FTX fiasco, and more insolvencies are on the horizon. Be wary. 💰Lower Your Trading Fees: https://taplink.cc/fierytrading📈Try my Premium Signals for 🚨FREE🚨: https://t.me/FT_Futures_free🔥Premium channel & 💎Contact: http://www.fierytrading.com🎯Crypto Signals & EXCLUSIVE analyses: https://t.me/FieryTradingChannel Website Source: Trader FieryTrading — Trading Ideas & Charts — TradingView

// 🔥 Bitcoin In An Epic Falling Wedge: Huge Week Ahead by FieryTrading on TradingView.com Trend Analysis Chart Patterns Technical Indicators     In this analysis I'd like to shed some light on a view on the market which I've not seen many people talk about: the idea that BTC is trading within a massive falling wedge since the November top. Falling wedges are classically bullish reversal patterns, this would indicate that BTC is either on the verge of breaking out bullish , or that we can see another drop down to the support (which would likely be the bottom).As seen on the chart, BTC is currently trading on the resistance of the falling wedge . That would mean that we're going to see some kind of big move in the coming days; either a break out of the wedge or a ( bearish ) continuation and a move towards the wedge's support.In my view, BTC still has another leg down to go. See the analysis below for a more complete bearish analysis. In my opinion, this falling wedge is one of the many views on the market. Try to keep an open mind and see what the market gives you. Going to be an interesting week.Are you bullish or bearish on crypto? Please share your thoughts🙏🔥 💰Lower Your Trading Fees: https://taplink.cc/fierytrading📈Try my Premium Signals for 🚨FREE🚨: https://t.me/FT_Futures_free🔥Premium channel & 💎Contact: http://www.fierytrading.com🎯Crypto Signals & EXCLUSIVE analyses: https://t.me/FieryTradingChannel Website Source: Trader FieryTrading — Trading Ideas & Charts — TradingView

// 🔥 QNT Time For Reversal After Massive Bullish Move by FieryTrading on TradingView.com Trend Analysis Technical Indicators Chart Patterns     I've made several QNT posts over the last couple of weeks. Now that QNT has reached my last target of around $230, I'm starting to look bearish before I can looking bullish again. In my view, both the daily RSI and the huge volume spike yesterday are signaling a (local) top. The RSI was severely overbought on the daily, marking a value of 85 points, which is rare in the current market. Furthermore, huge volume spikes like yesterday's are often a signal of reversals.My target for the intermediate term is around $160, potentially even lower if BTC decides to drop hard. After $160 I'll be starting to look for a daily higher low to continue the trend.Patience! 💰Lower Your Trading Fees: https://taplink.cc/fierytrading📈Try my Premium Signals for 🚨FREE🚨: https://t.me/FT_Futures_free🔥Premium channel & 💎Contact: http://www.fierytrading.com🎯Crypto Signals & EXCLUSIVE analyses: https://t.me/FieryTradingChannel Website Source: Trader FieryTrading — Trading Ideas & Charts — TradingView

// 🔥 Ethereum Falls After Bad CPI: More Selling Ahead by FieryTrading on TradingView.com Trend Analysis Technical Indicators Chart Patterns   Yesterday I made a short-term analysis on ETH and the fact it was trading in a bearish triangle pattern . Both targets have been hit, congratulations if you took the trade. In this analysis, I want to zoom out a bit. Now that we're trading below the September lows, supported by terrible macro news, I think the bearish trend will continue for a while. I think that we're going to revisit the capitulation lows of last summer at the very least. Potentially even lower, but we'll see by then. 💰Lower Your Trading Fees: https://taplink.cc/fierytrading📈Try my Premium Signals for 🚨FREE🚨: https://t.me/FT_Futures_free🔥Premium channel & 💎Contact: http://www.fierytrading.com🎯Crypto Signals & EXCLUSIVE analyses: https://t.me/FieryTradingChannel Website Source: 🔥 Ethereum Falls After Bad CPI: More Selling Ahead for KRAKEN:ETHUSD by FieryTrading — TradingView

// 🔥 Bitcoin LESS Volatile Than Stocks: Huge Move Incoming! 🚨 by FieryTrading on TradingView.com Trend Analysis Technical Indicators Chart Patterns    Oct 11 For a couple of weeks now, BTC's volatility has been very low. Even so low that the Dow Jones is even more volatile, which has only happened 3 times before in history.The first time this has occurred was a couple of days before the final 2018 sell-off, which led to a 50% drop in BTC's price and eventually led to the final bottom of the bear market.The second time this happened was in the Summer of 2020, where it signaled the start of the most recent crypto bull-market with a 35% bull move.We're now experiencing the third time this has ever happened. The market is preparing itself for another historical move, whether it's going to be up or down remains to be seen. All I know is that the huge incoming move is favoring the bears because we're still in a bear market, just like in 2018.It's hard to say when this big price move will occur. Tomorrow's CPI report might be the catalyst where the market is waiting for.What do you think? Will we go up or down? an hour ago Comment: Update 💰Lower Your Trading Fees: https://taplink.cc/fierytrading📈Try my Premium Signals for 🚨FREE🚨: https://t.me/FT_Futures_free🔥Premium channel & 💎Contact: http://www.fierytrading.com🎯Crypto Signals & EXCLUSIVE analyses: https://t.me/FieryTradingChannel Website Source: 🔥 Bitcoin LESS Volatile Than Stocks: Huge Move Incoming! 🚨 for COINBASE:BTCUSD by FieryTrading — TradingView

  // 🔥 TERRIBLE CPI - Inflation Getting Worse: Crypto Dump? by FieryTrading on TradingView.com Trend Analysis Technical Indicators Chart Patterns Contains image    As of a few minutes ago, the US inflation report ( CPI ) has been released to the public.In short, on all 4 data points the inflation is worse than expected. Especially the bottom two, inflation excluding food & energy is what the markets hate most.This CPI report, combined with the bad PPI report yesterday, and the bad job report of last Friday, is in my view the perfect storm that the markets need to see a major sell-off over the coming weeks.As explained in my analysis below, we're about to see some strong volatility coming our way. My bearish targets are in blue. 💰Lower Your Trading Fees: https://taplink.cc/fierytrading📈Try my Premium Signals for 🚨FREE🚨: https://t.me/FT_Futures_free🔥Premium channel & 💎Contact: http://www.fierytrading.com🎯Crypto Signals & EXCLUSIVE analyses: https://t.me/FieryTradingChannel Website Source: https://www.tradingview.com/chart/BTCUSDT/0Tno8PXW-TERRIBLE-CPI-Inflation-Getting-Worse-Crypto-Dump/

// 🔥 SOL Massive Head & Shoulders Pattern Signals More Pain Coming by FieryTrading on TradingView.com Trend Analysis Technical Indicators Chart Patterns   Over the course of 1.5 years, SOLANA has formed a massive head & shoulders pattern, which is a bearish reversal pattern.With the overall crypto and stock market outlook deteriorating, it seems a matter of time before SOL will break through the pattern's support and continue the strong bearish trend down.Personally I'm waiting for SOL to break through the bottom dotted support. As long as this support isn't broken, we can 't confirm the pattern with certainty, so be patient.I'm looking for an initial drop to $20, potentially even $12.50 if we get some kind of stock market melt-down like we saw in 2008. 💰Lower Your Trading Fees: https://taplink.cc/fierytrading📈Try my Premium Signals for 🚨FREE🚨: https://t.me/FT_Futures_free🔥Premium channel & 💎Contact: http://www.fierytrading.com🎯Crypto Signals & EXCLUSIVE analyses: https://t.me/FieryTradingChannel Website

// 🔥 Bitcoin Dominance Channel: Bitcoin Will Take Over Soon? by FieryTrading on TradingView.com The BTC .D ( Bitcoin dominance) displays BTC's marketcap divided my the total crypto market cap as a percentage. It's important because it can signal whether the market is willing to take risks ( BTC .D falling, money flows out of BTC into alts), or whether the market is risk averse and prefers to stall their funds into BTC ( BTC .D falling, money flows from alts into BTC ). A case can be made to exclude stables, but that's for a different time.Ever since we first topped last year in May, BTC .D has been trading horizontally. At this point in time, the dominance chart is getting very close to the channel's support. This might signal that the flow of money might be close to a reversal in the near future.The fact that we're trading around the support area , combined with the fact that September, historically crypto's worst month, is around the corner is an interesting coincidence. Classically, a strongly rising BTC .D means bearishness in the crypto market.Do you think the dominance chart will soon go back up? Is more downside coming? Share your thoughts 🙏 💰Lower Your Trading Fees: https://taplink.cc/fierytrading📈Try my Premium Signals for 🚨FREE🚨: https://t.me/FT_Futures_free🔥Premium channel & 💎Contact: http://www.fierytrading.com🎯Crypto Signals & EXCLUSIVE analyses: https://t.me/FieryTradingChannel

// 🔥 SOL Ideal Bullish Entry Point: High Risk-Reward Ratio! by FieryTrading on TradingView.com Recently I made an analysis on SOL and the bullish triangle it was trading in. I wrote that if we got a confirmed break out through the pattern's resistance, we could expect more upside. However, we didn't get a break out and SOL reversed from the resistance area .As of now, SOL is attempting a bounce from the triangle's support. If you're bullish , this is an ideal entry point since it has a high risk to reward ratio.Best R/R would be to wait for either $50 or $58.5, a more risk averse trader can exit their position around the triangle's resistance. 💰Lower Your Trading Fees: https://taplink.cc/fierytrading📈Try my Premium Signals for 🚨FREE🚨: https://t.me/FT_Futures_free🔥Premium channel & 💎Contact: http://www.fierytrading.com🎯Crypto Signals & EXCLUSIVE analyses: https://t.me/FieryTradingChannel

  // 🔥 AXS On It's Last Legs by FieryTrading on TradingView.com AXS has been steadily losing value ever since topping in October last year. As of now, AXS has fallen through the bull-floor with a huge red candle. In my view, the bull-floor was the last support of the AXS bull-pattern.I think that the near-term future of AXS looks dire, bad at best. Investors are losing confidence in the AXIE game and are dumping the token by the masses. Bearish targets are placed at previous important tops.

// 🔥 SHIBA Volatile Move Ahead: Triangle Analysis by FieryTrading on TradingView.com Over the course of several months, SHIB has formed a triangle pattern . Triangle patterns are classically ending in a strong climax either way.Seeing that both crypto and stocks are trading bearish at the moment, most likely scenario will be for SHIB to break bearish . However, in case stocks will see a strong bullish day tomorrow we can break bullish and hopefully see further upside for the rest of the week.See blue lines for potential short-term target.Happy trading!

// 🔥 Bitcoin Fell Through Important Support: Uncertain Week Ahead by FieryTrading on TradingView.com Over a week ago I made an analysis on BTC and the correction it was facing. Back then, my main argument was that this was a healthy correction, given that the support zone would hold. Around a week later we can safely conclude that this correction is going deeper than initially anticipated. Main driving force behind this correction is the last week's strong sell-off of the NASDAQ, fueled by interest rate fears.If you're unsure about why interest rates are of importance for BTC , please take look at my recent post where I explain why they are of such importance for investors. As of now, BTC is residing on the diagonal dotted support line. If this support will fall I think we're going to see further downside, $40k or even $37.5K are realistic targets. In case stocks will see a recovery next week, I think we can finally start a move towards $50k.Happy trading!

// 🔥 Bitcoin & The Federal Funds Rate: An Easy Explanation by FieryTrading on TradingView.com Ever since the FED has been talking about interest rates, I see questions popping up on social media where investors ask why the federal funds rate (also known as the FED interest rate) is so important for the stock and crypto markets. With this post I'd like to write an easy understandable explanation on what the FED funds rate is and why it is important.What is the FED funds rate?The FED funds rate is the interest rate set by the FOMC (the committee of the FED). This interest rate targets the rate at which commercial banks in the USA can lend and borrow excess money to each other. Higher rates means it's more expensive to borrow money for banks, lower rates make it cheaper.Why is it so important?The FOMC changes the rate in order to control inflation . Higher rates reduce the money supply because money is more expensive to get (borrow), whilst lower rates increase the money supply because it encourages spending. The latter has happened during the 2008 Financial crisis and the more recent Corona crisis. Encouraging people to spend money generally helps the economy.Rule of thumb: if the economy is in good shape, higher interest rates are needed to control inflation . If the economy is in bad shape, lower interest rates will encourage people to spend and can help turn things around.Should I be afraid of it?Generally, no. As seen on the BTC chart above, the only time that the FED has increased the rates it did not have a bearish effect on BTC . However, this was done during a period of lower inflation than we currently have. To combat the current inflation rates, the FED needs to increase the rate at a much faster and higher rate than what we have seen in the past 30 years. During the 1980's the interest rate was set to 20% in order to combat strong inflation , I'd argue the FED has to do that as well if they don't raise the raids much faster this year. The imposed rate hikes of 0.25% every meeting are not enough to reduce the 10% year-over-year inflation .In case the FED decides to raise the rates with big steps (>1% per meeting), this can definitely have a huge impact on the stock- and crypto-markets. It will become much more expensive for banks to borrow (and invest) money since money will become more scarce.There's no immediate danger for the markets. However, if inflation spirals out of control because the FED decides not to act (keep the rates low), they'd have to increase the rates much higher and quicker than everyone anticipates, which will trigger a big sell-off in the markets. In my view, this will be the start of the next crypto bear-market.The FED interest rates are most definitely an interesting, but also difficult topic. If you think that I've skipped an important part, please share your knowledge in the comment section. The more people know about it, the better.

// 🔥 XLM Weekly Falling Wedge Break Out by FieryTrading on TradingView.com Since topping last year May, XLM has been dominantly trading bearish . During this period, a falling wedge pattern has appeared on the chart.For now, it's likely that XLM will follow the wedge further after being rejected from the resistance recently. In case we trade down over the coming weeks, I'm looking at the wedge's support area for a potential base of support and following bounce.Falling wedges are classically bullish reversal patterns, so keep an eye out for a bounce followed up by a bullish break out of the pattern.Happy trading!

// 🔥 EGLD Double Top: Bounce Idea by FieryTrading on TradingView.com A while ago I made an analysis on EGLD and the bullish channel it has been trading in. In my previous analysis I talked about the importance of the $200 resistance, I expected some profit taking to occur there. Around two weeks later we can clearly see that the $200 resistance was watched my a multitude of traders and that short-term profits have been taken.For now, we're right in between an important resistance and support. In case we drop further towards the channel's support I'd be looking for potential entries. Keep an eye out on the overall market conditions.Happy trading!

// 🔥 WAVES Strong Correction: Fibonacci Reversal by FieryTrading on TradingView.com WAVES has been on an absolute blast for practically all of March. However, the $60 area proved to be a very strong resistance and caused the current downfall in price.With prices getting decimated over the last couple of days, I'm starting to look for entries. The overall market trend is still bullish , so I'm expecting WAVES to correct upward in the coming days.The main area I'm looking at is the purple area on the chart, right between the 0.5 and 0.618 Fibonacci Retracements. This area is classically an area where reversals take place.If we reverse towards the $40, I'll scouting for exits. Highly doubt that we're going to see $60 anytime soon again.Happy trading!

// 🔥 Bitcoin Resuming Trend After Healthy Correction by FieryTrading on TradingView.com 18 hours ago A while ago I made two analyses on BTC and the healthy correctional phase we were in. See below. As expected, BTC has been trading sideways since then. Additionally, a triangle pattern had emerged on the chart. As of the last hour or so, BTC saw a strong green candle signaling the break out of this triangle.If BTC manages to hold this trend, we might see the start of a new bullish trend which can finally take us up to $50k.Happy trading! 17 hours ago Comment: Keep an eye on the candle close. If we close below the resistance the break-out is invalidated. 16 hours ago Comment: Bullish break-out invalidated. Triangle pattern still intact.  

  // 🔥 HOT Massive 1-Year Bull-Flag by FieryTrading on TradingView.com Ever since HOT topped last year April, HOT has been in a dominantly bearish trend downward. During this period, a bull-flag pattern has emerged on the chart.Classically, bull-flag patterns are bullish continuation patterns, so that's where we will be looking at.Looking at the chart, HOT definitely has more upside potential. The first main resistance will be the top of the flag-pattern. From thereon, we will either reverse back towards the bottom support of the pattern, or we will break out bullish .Assuming that BTC will remain bullish and continue its path towards >$50k, the bullish break out option will be the most likely.Happy trading!

  // 🔥 ADA Break Out Is Here by FieryTrading on TradingView.com A while ago I wrote an analysis on ADA and the break out through the bearish trend line . After writing my initial analysis, ADA failed to get through the resistance confidently, and was trading below it. However, since today ADA's bulls have returns and pushed the price through the dynamic resistance. In my view, this opens the way to much more bullish price action in the coming weeks. Next target placed at $1.60Happy trading!

// 🔥 SOL Huge Break Out: Small Correction Expected by FieryTrading on TradingView.com A little while ago I made an analysis on SOL and the bullish break out that was at hand. Since then, both of my earlier targets are achieved and SOL is one of the major winners of the last week or so. Congratulations if you took the trade. As of now, SOL is severely overbought on the daily chart . In the past, these levels of overbought have more often than not led to minor corrections in the price. I'm betting on one of those corrections to occur in the coming days.My area of interest is the $120 support, which was my previous profit target. Once the price reaches that area, I'll be scouting for bullish entries. Over the next few weeks, my bullish targets lie around $155 and $200.Happy trading!

// 🔥 LINK Recapturing Long-Time Bull-Trend: What Needs To Happen by FieryTrading on TradingView.com LINK has been in a strong uptrend for years. However, since the last bearish move it has broken through the bullish uptrend and is trading in bear-territory.For LINK to regain the weekly uptrend, we need to overcome two major hurdles.1) The first resistance that LINK encounters is the upper resistance of the falling wedge . In case of a bullish break out, a bull-flag has been formed.2) The second major resistance is the bullish dynamic trend line which LINK has been following for a couple of years.Before both resistances have been recaptured I would not necessarily be looking for long-term investments.Happy trading!

// 🔥 VET Huge Break Out: Parabolic Price Action by FieryTrading on TradingView.com Around a week ago I made an analysis on VET where I discussed the bullish break out through a bear market trend line . Since then, VET has gained around 40% in value. Congratulations if you took the trade. With most indicators severely overbought, I think we're going to see some consolidation on the chart. Naturally, I'm still very bullish , but we need to cool off a little after several days of huge gains.I'm scouting an entry inside the area between the two last targets. If we're reaching hourly oversold levels, we might've found a lower high and resume the bullish move. Target placed at $0.1Happy trading!

// 🔥 ICP Falling Wedge: Bullish Trend Reversal by FieryTrading on TradingView.com A while ago I made an analysis on ICP and the falling wedge it was trading in. Falling wedges are classically bullish reversal patterns, so I think this reversal will last. With the bullish break out confirmed, I'm betting on a prolonged bullish trend for this token. Doubt that we're going to see >$200 again in the future, but a $50-$100 ICP is definitely a possibility in the long-term.My previous targets still stand. Might want to scout for potential entries after a minor pull-back which will inevitably happen in the coming days/weeks.Happy trading!

// 🔥 DOGE 11-Month Bear Market Bullish Break Out by FieryTrading on TradingView.com DOGE has been beaten down and shorted very hard over the last year or so. Ever since topping in May, DOGE has been going down and losing a lot of value.With DOGE being shorted so badly, there's much opportunity for a potential bullish rally. Shorters will either close their shorts or get liquidated, which are both bullish occurrences.The bearish dotted trend line has been holding, but is now being invalidated by a big green candle. If bulls can hold this rally we might be targeting past local tops in the coming weeks.Happy trading!

// 🔥 Bitcoin Bullish Break Out: Start Of A New Trend by FieryTrading on TradingView.com A couple of days ago I made an analysis on BTC's pending break out through the $45k area. Today's huge candle is literally the best case scenario for the bulls. All resistances have been obliterated and the way to $50k is practically free of any obstacles. Be aware that there's potential for a minor dip in the coming days. We've been in the green for 6 straight days, so 1-2 red daily candles are only healthy for the trend. If we keep on blasting all the way to $50k, the correction might be deeper than if we get a correction now.Happy trading!

// 🔥 Bitcoin Short-Term Bull-Flag Break Out by FieryTrading on TradingView.com 10 hours ago BTC saw a nice +6% move last night. Since then, BTC has seen some consolidation. During this period of higher lows and lower highs, a bull-flag pattern has appeared on the chart.Bull-flags are classically bullish continuation patterns, so the expectation is that BTC will break out bullish in the coming hours.In case BTC will reverse from the top resistance, I'm expecting a minor bearish move towards the support of the chart pattern. Said support would be a great entry for day-traders who are looking for a high probability entry with a high risk-reward ratio.Happy trading!   24 minutes ago Comment: Support didn't hold. No entry was made.

// 🔥 SOLANA Short-Term Break Out Potential by FieryTrading on TradingView.com Like most other cryptos, SOL is currently seeing a lot of bullish price action. However, there's still a short-term hurdle to overcome before we can start talking bullish .The down sloping trend line on the chart is currently the strongest resistance which can keep SOL from seeing gains. Once we can break out through the trend line , I'm expecting a strong bullish trend to develop.Targets placed at recent tops. Happy trading!

  // 🔥 Ethereum Successful Break Out: Re-test Before Bounce by FieryTrading on TradingView.com A little while ago I made an analysis on ETH and the bearish channel it was trading in. In this analysis I talked about the $3000 being my short-term bullish target, and that a minor correction was to be expected after reaching this area. The $3000 area indeed ended up being an area of resistance, as ETH is currently seeing a rejection from that area.From what I'm seeing, there's a decent probability that ETH will re-test the bearish channel's resistance. It would be incredibly bullish if we can see a nice bullish bounce from that area.Naturally, the $3000 area functions as strong area of resistance, so that's our first target. In case we can continue this break out, I'm expecting ETH to move back to $3300 in the next week or so.Happy trading!

// Since the early days of 2022, the NASDAQ (the index of technology stocks in the USA) has been in a strong down trend. During this period, the NASDAQ has followed a bearish channel pattern. After last night's FOMC interest rate hike, the index appears to be breaking out of said bearish pattern .However, we're not there yet. If the rest of the week will be red, we're going back into the bearish channel and nothing has changed. In case of a strong bullish break out, we can safely assume that it's over with the bearishness in the short-term.This would be great for Bitcoin . Over the last couple of weeks, crypto has been holding up relatively well. So, in case of a bullish /neutral stock market outlook, we can safely assume that BTC will see more bullish price action coming.Keep a close eye on the last two days of stock trading to give you clues for next week's potential price action.Happy trading! 🔥 NASDAQ Break Out: Make It Or Break It For Crypto by FieryTrading on TradingView.com  

// 🔥 EGLD Reversal From 1-Year Bullish Channel by FieryTrading on TradingView.com Link to the Idea on TradingView.com EGLD has been trading inside this bullish channel for over a year now. Recently, EGLD has seen a lot more bullish price action coming it's way because it was rejecting a huge support area around $130.Assuming that this is the bottom, EGLD could move all the way back to the top of the channel. Be aware that this is a long-term trade and might take multiple months to play out. Furthermore, the current market's outlook is not good. Wait for a definite change in trend before entering long-term bullish trades.Happy trading!

// 🔥 Ethereum In A Downward Channel by FieryTrading on TradingView.com Since early December, ETH has been trading in a strong downtrend. During this period, a downward channel has appeared on the chart. Apart from the January capitulation, we've been following this channel quite well. Especially the upper resistance of the channel.With the macro environment not looking great at all, I think we're going to see more downside in the coming weeks. As it looks now, we're moving back to the capitulation lows around $2150. In case of a total stock market capitulation, we could even go back to $1750, which is the summer-21 lows.Happy trading! Source: TradingView Idea by FieryTrading