Bitcoin will continue to fall to support level in channelHello traders, I want share with you my opinion about Bitcoin. This chart shows how the price rebounded from the support line and started to grow. In a short time, it rose to the support level, which coincided with the buyer zone, and it even soon broke this level. Next, the price rose a little and then continued to move up, but later corrected the support line. After this, BTC rebounded and rose to the seller zone, breaking the 108800 resistance level. Then it rose a little more and turned around, and started to decline inside the downward channel. In the channel, price soon broke the 108800 level and continued to fall next. Later, Bitcoin broke the support line and fell almost to the support line of the channel, after which it turned around and made an upward movement. After this movement, Bitcoin dropped to the 100300 support level, after which it turned around and, in a short time, rose to almost the resistance line of the channel. Price didn't reach this line, turned around, and continued to fall in the channel. In my mind, Bitcoin can continue to move down top support level inside the downward channel. That's why my TP is 100300 level. Please share this idea with your friends and click Boost 🚀
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GOLD - Price can drop to support line of triangle patternHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
In this chart price formed a triangle pattern, where it first declined to support line and then made an impulse up.
After this, Gold broke $3165 level and, after a small correction reached and broke $3400 level too.
Then it rose to resistance line of triangle and dropped below $3400 level, breaking it one more time.
Price tried to back up, but failed and dropped more to support line of triangle, after which started to grow.
In a short time price rose to resistance line of triangle, which coincided with resistance level and area.
Now, I think that Gold can drop from resistance area to $3250 point of support line of triangle.
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USOIL: Short Signal Explained
USOIL
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell USOIL
Entry - 64.73
Stop - 66.13
Take - 62.38
Our Risk - 1%
Start protection of your profits from lower levels
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SILVER Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for SILVER below:
The price is coiling around a solid key level - 35.598
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 34.911
Safe Stop Loss - 36.515
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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SPY: Swing Trading & Technical Analysis
Balance of buyers and sellers on the SPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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QQQ Will Collapse! SELL!
My dear friends,
QQQ looks like it will make a good move, and here are the details:
The market is trading on 529.85 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 521.53
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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NZDCHF Technical Analysis! SELL!
My dear followers,
This is my opinion on the NZDCHF next move:
The asset is approaching an important pivot point 0.4957
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.4947
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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TESLA Massive Short! SELL!
My dear friends,
Please, find my technical outlook for TESLA below:
The instrument tests an important psychological level 345.78
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 308.21
Recommended Stop Loss - 364.73
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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ETHUSD Is Going Down! Sell!
Here is our detailed technical review for ETHUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2,485.23.
The above observations make me that the market will inevitably achieve 2,013.51 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUDUSD Will Fall! Short!
Take a look at our analysis for AUDUSD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.649.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.645 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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CHFJPY Will Go Lower From Resistance! Sell!
Please, check our technical outlook for CHFJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 176.079.
Considering the today's price action, probabilities will be high to see a movement to 175.442.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USOIL SHORT FROM RESISTANCE
USOIL SIGNAL
Trade Direction: short
Entry Level: 64.71
Target Level: 56.98
Stop Loss: 69.85
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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NZD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NZD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 86.881 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the NZD/JPY pair.
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dydx sell midterm "🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
HelenP. I Euro may continue to decline to trend lineHi folks today I'm prepared for you Euro analytics. In this chart, we can see how the price reached the trend line and then started to grow inside a triangle pattern. Price some time traded near the trend line and then made an impulse up to the support level, which coincided with the support zone, and then made a correction, after which it turned around and made an impulse up one more time, breaking the support level. The euro reached the resistance level, which coincided with the resistance zone, and then made a small correction, after which it continued to move up and rose to the resistance line of the triangle. But then the Euro dropped below the resistance level, breaking it, and then continued to decline, after a retest. Price fell to the support zone, where it rebounded from the trend line, which is the support line of the triangle as well, and then started to grow. The euro has grown to a resistance zone, but recently it started to fall and now trades below the 1.1425 resistance level. So, I think that EURUSD will enter to resistance zone one more time and then continue to fall to the trend line. For this case, I set my goal at 1.1305 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
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BITCOIN - Price can reach resistance area and then dropHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently, the price bounced from the $104500 level and rose to the $110400 level, breaking this level and rising a little more.
But then price turned around and started to decline inside a falling channel, where it fell below $110400 level.
Price tried to back up, but failed and when it touched $110400 level, it in a short time declined to support line of channel.
Then price rose above $104500 level and some time traded near this level, but not long time ago it dropped.
BTC broke $104500 level and even fell further and exited from falling channel, after which it started to grow.
Now, I expect that Bitcoin can enter to resistance area and then drop to $100900 from this area.
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EURJPY: Short Trade with Entry/SL/TP
EURJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURJPY
Entry Point - 164.60
Stop Loss - 165.15
Take Profit - 163.56
Our Risk - 1%
Start protection of your profits from lower levels
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CHFJPY Massive Short! SELL!
My dear subscribers,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 175.45 pivot level.
Bias - Bearish
My Stop Loss - 175.86
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 174.76
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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US30 Will Move Lower! Short!
Here is our detailed technical review for US30.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 42,464.8.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 41,145.2 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GOLD Is Bearish! Sell!
Take a look at our analysis for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 3,360.39.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 3,295.58 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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CADJPY: Bearish Forecast & Bearish Scenario
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CADJPY pair price action which suggests a high likelihood of a coming move down.
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GBPJPY Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for GBPJPY below:
The price is coiling around a solid key level - 195.26
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 194.44
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK