Buy opportunity
In this analysis, I observe a potential ABCD harmonic pattern forming on the EUR/USD chart:
The market has completed points A, B, and C and appears to be heading towards D.
If the price reaches point D, where 1.617 BC extension aligns with support and trendline confluence, it could be a good opportunity to BUY.
Key Levels to Watch:
Point C: Recent lower high (Resistance)
Point D: Potential buy zone near support trendline
RSI: Monitor for oversold conditions near D point for confirmation.
Trading Idea:
Entry: Around D point (Watch for price reaction at the support trendline).
Target: At least back to point C or higher depending on price action.
This is a high-probability trade if the harmonic structure completes successfully. Keep an eye on volume and RSI for additional confirmation.
LONG
BTC USD UpdateIf we zoom out and give the chart some breathing room, I would hold my stop loss under 90682.58, just in case these market makers decide to go for another swing higher. I have my spot positions loaded there, but sadly, last week my swings were stopped out at 100K. This chart is unpredictable and doesn't seem to follow fundamentals; it makes magical moves, so it's pointless to assume we should sell just yet. The weekly low is still holding as of now.
CADCHF: Long Signal Explained
CADCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long CADCHF
Entry Point - 0.6230
Stop Loss - 0.6204
Take Profit - 0.6276
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD Is Very Bullish! Long!
Here is our detailed technical review for GOLD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,655.297.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,683.685 level.
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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CADJPY Is Going Up! Buy!
Take a look at our analysis for CADJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 106.432.
The above observations make me that the market will inevitably achieve 107.126 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.
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UPS - Delivering A Trend Continuation...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 UPS has been overall bullish long-term , trading above the orange trendline.
Currently, UPS is in a correction phase trading within the falling channel marked in black.
Moreover, the zone marked in blue is a strong demand zone and round number $100.
🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower trendlines acting as non-horizontal support.
📚 As per my trading style:
As #UPS approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH - Doing it AGAIN...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈ETH has been bullish trading within the rising channel in red.
Currently, ETH is rejecting the upper bound of the channel, so a bearish correction is expected.
Moreover, the green zone is a strong structure.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green structure and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #ETH approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USOIL Technical Analysis! BUY!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 67.10
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 68.19
My Stop Loss - 66.46
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
GOLD Expected Growth! BUY!
My dear followers,
This is my opinion on the GOLD next move:
The asset is approaching an important pivot point 2633.3
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2642.2
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
BITCOIN - Price can little correct again and then continue riseHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago BTC started to grow inside rising channel, where it at once made correction, breaking $72300 level.
Then, the price bounced from the channel's support line, broke the $72300 level again, and continued to move up in channel.
Later BTC reached $93000 level, some time traded near in support area, and later broke this level too.
Next, price rose to resistance line of channel, after which made correction to support level and then continued to grow.
Price rose to $104100 (new ATH), but a not long time ago it made correction to support level and then started to rise.
Now, I think that Bitcoin can decline a little and then continue to move up to $107500 in rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Gold can exit from pennant and rise to 2700 pointsHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price rebounded from the support line and later dropped to the resistance level, which coincided with the seller zone. After this, the price made impulse down to the support line, breaking the 2720 level, and then tried to grow, but failed and continued to decline next. Then Gold reached the support level, which coincided with the buyer zone, and broke it too, after which Gold dropped to the support line. Next, the price turned around and started to grow inside the upward pennant, where it soon reached the 2615 level and even broke it one more time. After this, XAU continued to grow until it reached the resistance level, which coincided with the resistance line of the pennant, and then turned around and made a correction movement. Price fell to the support level, some time traded near this level, and then rose to the resistance line of the pennant, but later it rebounded and fell back to the 2615 support level. Recently it started to grow and at the moment I think that the price can correct to support line and then rebound up, thereby exiting from the pennant pattern. Next, Gold will continue to grow, so, I set my TP at 2700 points. Please share this idea with your friends and click Boost 🚀
EURCHF Will Grow! Long!
Take a look at our analysis for EURCHF.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.928.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.930 level.
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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GRASS/USDT 4H Analysis: Consolidation at Key LevelsOverview
The GRASS/USDT perpetual contract is currently trading at $2.875, showing consolidation around a critical Fibonacci retracement level. The market appears to be in a neutral-to-bearish phase, with potential for either a breakdown or a reversal depending on key supports and resistances.
Technical Highlights
1. Price Action
The price is hovering near the 0.786 Fibonacci level ($2.828), which aligns with a strong support zone.
There has been a rejection from the recent swing high of $3.534.
The previous significant support was Fib 1.618 ($2.080), where a strong bounce occurred, indicating a key demand zone.
2. Indicators
MACD (12, 26, 9):
The MACD line is slightly below the signal line (-0.0777 vs -0.0688), and the histogram is near neutral at -0.0089.
This suggests a weakening bearish momentum but no clear bullish crossover yet.
RSI:
The RSI is at 41.24, slightly above the oversold zone, but still below its MA (44.05), indicating bearish control.
3. Volume
3.58M in volume shows moderate activity. A breakout or breakdown will require a significant increase in trading volume for confirmation.
Support and Resistance Levels
Immediate Support:
$2.828 (Fib 0.786): A key level for the bulls to defend.
$2.635: A breakdown below this could lead to a retest of $2.080.
Immediate Resistance:
$3.192 (Fib 0.382): If broken, the price could target $3.534 (Fib 0).
Potential Scenarios
Bullish Scenario
If the price breaks above $3.00 with increasing volume, it could test $3.19 and potentially the recent high of $3.534.
A bullish divergence on RSI could strengthen this move.
Bearish Scenario
A drop below $2.828 could trigger further downside towards $2.635 or even $2.080.
If the MACD continues its bearish trajectory, further selling pressure is expected.
Trading Plan
Long Setup: Enter above $3.00 with a target at $3.19 and a stop-loss below $2.83.
Short Setup: Enter below $2.828, targeting $2.635, with a stop-loss at $2.90.
Conclusion
The market is at a pivotal point. Traders should wait for clear confirmations of direction through volume and indicator signals before entering positions. Keep an eye on macroeconomic factors and crypto market sentiment for additional context.
ANKR LongAnkr on the daily has confirmed a partial decline and has a 70% chance of breaking out of it's range to the upside.
The weekly has everything.
- Bullish divergence
- Bullish developments on the indicators
- Above key support level
-Three rising valleys indicating accumulation
We're not using leverage on this trade but it is one of our favourite assets to hold within these defined levels. Let's see how it goes.
USOIL Will Go Higher From Support! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 67.101.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 68.230 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.
Like and subscribe and comment my ideas if you enjoy them!