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ETH - Bullish Control Persists!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per our latest analysis, attached on the chart, ETH has rejected the $2,000 - $2,150 support zone and has been trading higher since then. What's next? For the bulls to take over long-term and push towards the $4,000 mark, a break above the $3,000 resistance is needed. Meanwhile, the $2,850 - $3,000 zone would be acting as a resistance. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
3
FACT0RN A Trend Reversal in Play After Strong Breakout Above 12$In March 2024, following its listing on MEXC, FACT0RN Fact experienced a significant price surge, skyrocketing from $4.77 to $110. After this explosive move, the token underwent a sharp correction, pulling back to $6.25. However, a recent interest rate cut by 0.50 points in the U.S. triggered renewed market optimism. FACT0RN capitalized on this sentiment, climbing back above $12, breaching the key resistance level of $11.82. Both daily and weekly candles have closed above this critical level, confirming a trend reversal and hinting at further bullish momentum. Key Statistics: Total Supply: 681,298 Fact0rn Current Market Cap: $8,215,091 What is FACT0RN? FACT0RN is a unique Proof-of-Work (PoW) cryptocurrency that leverages integer factorization as the core of its mining competition. Unlike traditional mining methods, Fact miners are rewarded for advancing mathematical research, specifically by improving integer factorization algorithms. These efforts contribute to the real-world goal of phasing out outdated cryptographic techniques. This innovative approach is what makes Fact a project with both immediate and long-term potential. Short-term traders benefit from its volatility, while long-term holders stand to gain from FACT0RN's growing reputation in both the crypto and academic fields.
Long
by yener_yasin030
1
USDJPY - Following The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDJPY has been bearish trading within the flat falling channel in red. Currently, USDJPY is undergoing a correction phase and approaching the upper bound of the channel. Moreover, the zone marked in blue is a previous major low. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the major low and upper trendline acting as non-horizontal resistance. 📚 As per my trading style: As #USDJPY approaches the red circle, I will be looking for bearish reversal setups (like a double top 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
by TheSignalyst
1
EURUSD 22/09/24This week, we continue to expect a bullish Euro to US Dollar movement, similar to last week. The price moved higher and remained above the previous high. Now, our focus is on the daily high and an hourly demand zone that could drive further upside price action. We are also aligning with the institutional trajectory, which points upward. If the price dips to this level and shows bullish signals, we expect a continuation toward the daily high. At this point, we anticipate the price to remain bullish, with a small pullback likely before resuming its upward movement. Follow what price action is showing you. Remember that these areas are only to be tracked in terms of probability, not in terms of prediction of actual price action. Stick your plan follow your risk. trade safe.
by PipSurfingSociety
2
Can DXY Stabilize at 99.50-100 Area Despite FED 50bp Cut? Dollar Index – DXY has turned bearish after the corrective rally stopped at 105.70-106, an important resistance area at the end of June. Since then, the price even accelerated lower through summer so it appears that a bearish impulse is in play, but with recent touch of a new swing low, DXY is possibly in fifth wave, so be aware of some support in weeks ahead. But closer look shows that there is still some room left for 99.50-100 area, but if this will occur and structure a wedge shape, then we should be aware of reversals, and new correction. So as said, the price could still see a bit more weakness into the 5th wave to fully complete this ending diagonal, but then dollar can turn for a new correction, considering that recent dollar weakness has been mainly driven by these rate cut expectations, so now that this 50bp cut has been done, the dollar may stabilize due to a “buy the rumor, sell the news” effect. However, any rally will be temporary, as I think that dollar has room for much more weakness, bu ideally after another a-b-c recovery. 101.80 -102 is strong resistance. GH
TVC:DXY
by ew-forecast
(BTC) bitcoin "BB Trend - long range view"Here is another look at the BollingerBand Trend indicator with a greater reach in view. As seen in the graph with correlated indicator BTC reached a red zone at the time when the price was at its highest this year before falling and as the price fell the indicator began to rise once more. Being in a red, or under 0, with the BBTrend indicator right now and what does it mean is a good question to try to answer. There are too many indicators and all of them cannot be laid on top of one another to see one giant indicator mess while trying to discover the hidden gem of the chart.
BITSTAMP:BTCUSD
by CryptocurrencyBlot
ROSE - Getting Ready...Hello TradingView Family / Fellow Traders, On Monthly: Left Chart ROSE has been hovering within a big range between $0.05 and $0.2. Currently, ROSE is hovering around the lower bound of the range, so we will be looking for buy setups on lower timeframes. On Daily: Right Chart 📉 ROSE has been bearish trading within the falling channel in red. 📈 For the bulls to take over, we need a momentum candle close below above the last major high marked in red. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
1
SAGA - Consolidation before price acceleration.# SAGA - Total3 - ETH/BTC --------------------------------------------------------------------------------------------- SAGA is a cryptocurrency with a market cap of $160 million and a fully diluted market cap of $1.6 billion. It functions as a Layer 1 blockchain specifically designed for gaming. I included this coin this week because I see the potential for at least a 30% gain in the coming days or weeks. This coin is related to my publication from last week as I consider SAGA a SUI with a higher Beta. This means that SAGA is a coin that moves in relative tandem to SUI (discussed in my last publication) whilst being more volatile and sensitive to market movements. **SAGA** - The price appears to be consolidating between a downward trendline (red) and an exponential trendline (green), forming a pattern of lower highs and higher lows. This suggests that the price is coiling up for a significant move. If the price successfully breaks past the $1.90 level, there appears to be no further resistance until it reaches the W-pattern harmonic expansion at the 1.414 or 1.618 Fibonacci level. This corresponds to the corrective 0.618 or 0.786 Fibonacci retracement of the last impulsive wave down (see picture 1). This setup indicates a potential 30-60% price gain after surpassing the red downward trendline. (The strategy for entering the SAGA trade can be found at the end of this publication.) **ETH/BTC** - The ETH/BTC pair is often considered a key indicator of the altcoin market's strength relative to Bitcoin. By analyzing ETH/BTC alongside TOTAL3 (the total crypto market cap excluding both BTC and ETH), we can look for confluence to determine if SAGA (and other altcoins) have the potential to move more rapidly in comparison to BTC. On a macro scale, the ETH/BTC ratio appears to be forming a large triangular consolidation pattern. The upward trendline, which is expected to provide support, is positioned just below the 0.786 Fibonacci retracement level of the entire previous wave (see picture 1). Zooming in (see picture 2), we can observe a hammer candle formed on high volume, which established the low of the current range (a bullish signal). At present, the price is holding at this range low and has filled the wick of the previously mentioned hammer candle. As long as the price does not break down from this range, it could quickly move towards the top of the range. This suggests a higher likelihood of bullish price action for ETH and other altcoins, especially since it is rare for this ratio to increase while the prices of BTC and other cryptocurrencies decline. **Total3** - TOTAL3 (the crypto market cap excluding BTC and ETH) is currently moving within a downward parallel channel, which can be a bullish indicator, much like BTC. The market cap bounced off the 0.886 Fibonacci level on August 5th, during a period of maximum fear, forming a hammer candle. Since then, it has also bounced from the 0.786 Fibonacci level, potentially creating a large W-pattern. To support the idea that the altcoin market cap (excluding ETH) is gearing up for a bullish impulsive move, we can reference the "Three Waves to a Bottom" theory. This theory suggests that a market or stock typically undergoes three distinct downward waves before reaching a bottom. After the third wave, the price tends to stabilize and may reverse into an upward trend. The movements in the Total3 market cap tend to suggest that more money will flow into the altcoins in the short to mid term. This should also benefit SAGA’s probabilities to have an acceleration in price. **Trade Set-up** In my opinion, I recommend 2 trade set-ups to enter in a SAGA long from the 14th of september onwards (Enter at White Arrow): You wait for a breakout. Conservatively price should find resistance around 1.9$ and could retrace back to retest the trendline that has been serving as resistance since mid-Juli. You wait for a breakout. If price does continue upwards, because crypto can move parabolically, even more when we consider the market cap of SAGA (=160M$) it is still probable that price will come down and retest the trendline that has been serving as resistance for 3months, the exponential trendline (green) that has been acting as support for even longer, or both as shown in the picture. This is a repost from yesterday, hopefully the issue for the public post was the link at the foot of my previous publishment. Have a nice weekend ! Zeddit
Long
by zeddit
Trend lines - how to build them and how to use them?Before we dive into the world of trend lines, I recommend familiarizing yourself with the support and resistance zone Here we go: Trend lines are one of the most universal tools for trading in any market, used in intraday, swing and position trading strategies. Properly drawn on charts, they help to predict the direction of price movement and identify trend reversals. In addition, trend lines help you to accurately determine the optimal entry and exit points, as well as set a stop loss. It is recommended not to rely on trend lines alone, but to integrate them with other methods of technical analysis, expanding your trading arsenal. Often many traders draw too many lines, it is uninformative and useless How to place trend lines on a chart? An uptrend is a combination of at least two pullbacks Similar in a downtrend: Instructions for markings: Find at least two points on the chart Connect them with a line But, let's remember the Axiom: 1. Randomness 2. Coincidence. 3. Regularity Until a trendline is pushed back a third time - it is considered unconfirmed... Once the third bounce has occurred, the line can be considered valid, but does not guarantee that it will necessarily bounce the fourth time! Like all patterns in the market, trend patterns can be drawn on any timeframe, also - they are more effective on older ones (as well as all others) How to use trend lines in your trading? Frequent trades from a trend line are rebound or breakout trades Example: Trendline confirmed (bounced three times) - on the fourth approach we can pay attention - what happens next? Price will either bounce from our trendline again or there will be a breakout Next example: How can we determine whether there will be a breakout or a bounce? As I said before, you need to take into account the context: indicators, price action, nearby levels and so on (it all depends on your psychology) How do trend lines fit together? Support and resistance levels are areas on a chart that indicate potential pressure (on a side) The same principle applies to trend lines. The only difference is that trend lines are sloped rather than horizontal. How to properly label/draw trend lines? Which trend lines are important and which ones should be ignored? Focus only on the major pivot points Connect at least two major pivot points. Adjust the slope of the line to get the most amount of price touching the line, whether it is the shadows of candles or their bodies. Important clarification - trend lines represent a support zone, not specific levels. How can you use trend lines? The trend is our friend. Where the trend goes, so goes we. Trading against the trend is foolish. If you do decide to do it, it must be justified! Trend lines are the direction of the current market. Also the trend line itself can be divided into two positions: If the trend becomes flatter, it means that the market is moving into a state of consolidation If the trend is becoming steeper, it means that the trend is getting stronger (or perhaps it is reaching its climax and is approaching its final stage). Trend Lines Entry Point: Like all other patterns in technical analysis or price action - trend lines can help you find a more favorable entry point in terms of risk-to-reward ratio How to use a trend line to identify a market reversal? Chances are you have encountered this before. There is a trend line breakout, you are already expecting a trend reversal, but the market continues its original movement Like all indicators/patterns - not a panacea. Each strategy has its own risks, just when we add other osnovnopologologayuschih signs to one strategy, the chance of risking a loss - decreases! Technique for determining a trend reversal: Wait for a trend breakout Wait for a lower low/maximum to form. If the price breaks the previous minimum/maximum, most likely the trend will go in the direction of the breakdown...
BINANCE:BTCUSDEducation
by truepersonal
13
EURUSD - Wait For The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURUSD has been overall bearish trading within the falling channel marked in orange. Currently, EURUSD is approaching the upper bound of the channel. Moreover, the zone marked in blue is a massive supply zone. 🏹 Thus, the highlighted orange circle is a strong area to look for sell setups as it is the intersection of the supply zone and upper orange trendline acting as non-horizontal resistance. 📚 As per my trading style: As #EURUSD is around the red circle zone, I will be looking for bearish reversal setups (like a double top 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
by TheSignalyst
3
Short term bullish on BTCShort-Term View (Bullish Bias): BTC is trading above a key support zone near 57,500, marked by the green zones and general upward movement, suggesting some accumulation and momentum in favor of buyers. If the price continues to hold above the 57,000 level, we could see BTC retesting and possibly breaking the previous high at 58,121 (shown in the top right). As the price is above the cloud and near-term moving averages, traders might look for buy opportunities on pullbacks towards 57,250 to 57,500. Pullback Scenario: In case of a pullback, BTC may revisit the support region near 56,750, which has been a zone of previous price action. Traders could look for long entries if price consolidates or bounces from this level, aiming for a re-entry into the previous high. Risk to Watch: A break below 56,750 could shift the momentum towards a bearish tone in the short term, making the next likely support around 56,000. Stop-losses should be placed below key support levels, like 56,500 or even below 56,000, depending on the risk appetite. General Movement Expected: Upward Continuation: Given the bullish sentiment on the chart and the fact that BTC has held well above key support zones, a move towards 58,500 and beyond seems likely if buyers maintain control. Range-bound Correction: Alternatively, if momentum falters, BTC might enter a consolidation phase between 57,000 and 58,000 before making the next decisive move. Trading Idea (Educational Purpose): Bullish: Traders could consider long positions on pullbacks to the 57,250 area, with targets set around 58,000 and 58,500. A tight stop should be placed below 56,750. Bearish (Only if Key Levels Break): If BTC breaks below the 56,750 support, short positions could be considered, targeting the next key level near 56,000. This chart suggests that BTC is currently showing bullish momentum. Traders could look for long opportunities on retracements, but caution is advised if key support levels break.
INDEX:BTCUSDLong
by Pratik_4Clover
1
EUR/PLN Bearish Momentum Building Below 200 EMA ⚫Back in April 2024, the EUR/PLN pair tested the 4.2500 support zone, where a triple bottom was established. Over the past five months, the price has consistently failed to break below this level. Simultaneously, we can identify a resistance area near 4.3750, where a double top was formed, indicating a clear trading range between 4.2500 support and 4.3750 resistance—a classic example of range trading. ⚫Looking at the broader picture, in January 2024, the 4.4100 area, previously a support level, flipped to become resistance, confirming the continuation of a long-term bearish trend. Additionally, EUR/PLN remains below the 200 Exponential Moving Average, further reinforcing the likelihood of continued downward movement. ⚫Recent price action, particularly from an Elliott Wave perspective, suggests the formation of an ABC corrective pattern, which was halted at the 4.3311 resistance level, precisely aligning with the Volume Profile. (For those unfamiliar, the Volume Profile highlights the price level where the most trading volume occurred.) ⚫Analyzing the potential Elliott Wave count, EUR/PLN appears to be progressing into the strongest downward wave—wave 3. Overall, the technical outlook remains exceptionally bearish for the long term. As a downside target and potential final support for the 5-wave decline, we can consider the double 227.2% Fibonacci support, located around the 4.1425 area. ⚫While the odds strongly favor the downtrend, it's crucial for traders to remain vigilant. In the event that the price breaks above the 4.3750 resistance, it could signal the beginning of a shift from a bearish to a bullish trend.
Short
by CryptoPAMM
Forex Analysis: Super Clean Double Top Setups in GU, GJ, and EJIn this forex analysis video, we'll be discussing the market movements of the euro (EU), the British pound (GU), the Japanese yen (GJ), and the euro yen (EJ). EU: No narrative setup was identified due to the failure of the 15m entry to bounce twice and form a double top before the price decline. GU: A super clean setup was identified. Price bounced on the previous day's high and formed a double top entry on the 15m timeframe. GJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe. EJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe.
Short
by superlegit
GOLD h1 chart analysis 100%Follow the instructions. If the price consolidates between $2502 and $2505, gold may touch the $2494 level before bouncing back to $2528. A break above the strong resistance level could potentially send gold to new all-time highs (ATH). Bullish Opportunities: 1. 2500 - 2502 2. 2477 - 2487 Bearish Opportunities: 1. 2510 - 2512 2. 2546 - 2560 (Only if the Strong resistance level Breaks and Gold Reaches its new high). Possibility: waiting for geopolitical situation as it getting worsting. I'll Update as it needs to be updated. Use proper risk management Or money management and follow my instructions properly. Don't forgot to support by liking or following!!
FOREXCOM:XAUUSD
by sabellaFX