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USDJPY Is Bearish! Short! Take a look at our analysis for USDJPY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 148.641. Taking into consideration the structure & trend analysis, I believe that the market will reach 145.355 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
NZD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT Hello, Friends! NZD/CAD is making a bullish rebound on the 9H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.820 level. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
2
$BTC MACD on weekly show a bearish trend. Read.You can see on the chart that in May 2024 I issued a warning, and look at what happened over the next five months. The same pattern is repeating now, and there’s a high probability we’ll see a similar result. Back in May 2024, the usual crowd—MMCrypto, That Martini Guy, Ash, Crypto Rover, etc.—were all saying things like, “We’re going to 110k,” “To the moon,” or “A huge bullish breakout is coming.” What did we actually get? Five months of consolidation and an -80% drop for most altcoins. So consider this a warning. The MACD on the weekly chart is a reliable indicator of the trend. Exchanges aren’t going to go against the trend. Even if there’s a ton of liquidity at 107k, they won’t risk buying billions worth of Bitcoin just to get wrecked by the prevailing trend and be forced to sell at a lower price than they purchased. Those pointing to the liquidity map at 107k are missing the point. Exchanges take the easier path. Going from 97k to 107k is plausible in an uptrend, but in a downtrend? No chance. What to Expect Now? Since this chart is on the weekly timeframe, there will be daily bounces. Some altcoins may see 10-20% gains if you time the bottom and top correctly. However, for holders, this is not a good time to hold. Is Invalidation Possible? Yes, but consider this: they’ve tried to break the trend five times and failed. The chance of a reversal now is about 1 in 9. It’s possible, but unlikely. Key Support Levels Support levels to watch are 95k, 91k, 85k, and 70k. While we might not drop as low as 70k, it’s better to be prepared. What’s Next? By May 2025, we’ll likely reach the end of this bearish trend, followed by a one-month altseason and a big BTC pump. However, starting in July 2025, we’re likely to face another five months of bearish consolidation. The introduction of ETFs has shifted the crypto cycle into a new paradigm of five months of consolidation followed by one month of pumping. As always, DYOR (Do Your Own Research).
by CryptoNikkoid
17
BITCOIN Is Very Bearish! Sell! Please, check our technical outlook for BITCOIN. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 84,591.77. Considering the today's price action, probabilities will be high to see a movement to 76,443.59. 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:BTCUSDShort
by SignalProvider
1
NZDUSD Is Going Up! Buy! Here is our detailed technical review for NZDUSD. Time Frame: 10h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.575. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.582 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPJPY Will Fall! Short! Take a look at our analysis for GBPJPY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 192.236. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 190.200 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
AUD/CAD SELLERS WILL DOMINATE THE MARKET|SHORT Hello, Friends! It makes sense for us to go short on AUD/CAD right now from the resistance line above with the target of 0.904 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
CHF/JPY BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! Previous week’s green candle means that for us the CHF/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 166.301. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
CAD/JPY SHORT FROM RESISTANCE Hello, Friends! CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 102.749 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
AUD/JPY BEARS WILL DOMINATE THE MARKET|SHORT Hello, Friends! AUD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 93.209 area. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
EURUSD Will Go Lower! Sell! Here is our detailed technical review for EURUSD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.085. The above observations make me that the market will inevitably achieve 1.077 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPUSD Will Go Down! Short! Take a look at our analysis for GBPUSD. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.293. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.284 level soon. 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPCAD Will Move Lower! Sell! Please, check our technical outlook for GBPCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.865. Considering the today's price action, probabilities will be high to see a movement to 1.822. 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
US500 Is Bullish! Buy! Here is our detailed technical review for US500. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 5,568.9. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 5,791.3 level. 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
CAPITALCOM:US500Long
by SignalProvider
2