EURCAD Is Bullish! Buy!
Here is our detailed technical review for EURCAD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.501.
The above observations make me that the market will inevitably achieve 1.509 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.
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LONG
LONG ON BITCOINIts Timeeeee.....
Bitcoin has tapped into a major demand zone and has given us a change of character/structure to the upside.
It has pulled back to discount price all day today and is now ready to head back up to 100k.
I am purchasing bitcoin now at 83k expecting it to get back to 100k buy the end of the week. BITSTAMP:BTCUSD
ETH, Next Stop => $2,750Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 ETH rejected the lower bound of the falling channel and the $2,100 - $2,250 support zone.
What’s next?
ETH remains in a correction phase, and a move toward the upper bound of the channel at $2,750 is expected.
🏹 As it retests the support zone, we will be looking for new short-term long opportunities.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP - Strong Support Ahead!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈XRP has been in a correction phase trading within the falling orange channel and it is currently retesting the lower bound of it.
Moreover, the green zone is a strong structure and round number $2.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower orange trendline acting as a non-horizontal support.
📚 As per my trading style:
As #XRP 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
EURUSD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0373
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 - 1.0429
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
US500 Will Go Up! Buy!
Take a look at our analysis for US500.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 5,973.19.
Taking into consideration the structure & trend analysis, I believe that the market will reach 6,138.47 level soon.
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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SILVER Will Move Higher! Long!
Please, check our technical outlook for SILVER.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 31.462.
Considering the today's price action, probabilities will be high to see a movement to 32.363.
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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AUDUSD Is Bullish! Buy!
Here is our detailed technical review for AUDUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.622.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.632 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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03/03/25 Weekly outlookLast weeks high: $96,500
Last weeks low: $78,297.13
Midpoint: $87,398.56
What a week! In my last weekly outlook I proposed the idea that BTC was coiling up for a big move, the question was "which direction will the move be?" Well we got our answer, after, multiple weeks hovering around the $96K level bitcoin sold off a massive 18% to a low of $78.2k. This sell-off broke the weekly support area of $91K after a full 3 months of holding.
Now that we answered last weeks question I propose a new one, is $91K now a HTF resistance level? To answer that question a look at the weekly chart, despite such a severe sell-off this is not unusual in a bull market, 25-25% corrections happen multiple times during a large bullish trend. To add to that, the weekly close still managed to be above the $91K mini range floor, in essence a giant SFP on the weekly candle and therefore a continuation high would make sense from a TA point of view.
For the bulls the worry would be the inevitable backfilling of the wick on the weekly, for me this comes into play if we have acceptance back below $91K, entirely possible.
On Friday 7th March President Trump is holding a Cryptocurrency summit at the white house, this will include David Sacks (crypto & AI czar), Founders, CEOs and members of the digital assets group. This comes off the back of confirmation of the "Crypto Strategic Reserve" that will contain BTC, ETH, SOL, XRP & ADA and was announced yesterday. I do not believe in coincidences so the timing of this is very interesting to me, to announce this on a weekend with very thin orderbooks and low volume after such a big sell-off had to be done on purpose IMO. The timing would guarantee a swift rally, I also believe the sell-off could be related to this announcement too, if a market maker like the US government has the means to create a more optimal entry, they will do just that.
I could see the market being very cautious up until Friday, the $91K is a key S/R level and will determine if bitcoin backfills the weekly wick or moves up to weekly high.
ETHUSD Will Go Higher From Support! Buy!
Take a look at our analysis for ETHUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 2,224.8.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,506.1 level soon.
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.
Like and subscribe and comment my ideas if you enjoy them!
GOLD BULLS ARE STRONG HERE|LONG
Hello, Friends!
GOLD pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 12H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 2,951.561 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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CAD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are now examining the CAD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 108.118 level.
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BTC, last Chance in this bull market?Hello everyone,
the market was very challenging within the last weeks, because there had been many ways to count, which is the most difficult part of elliot wave analysis. The reason was, that the price was in a correction/ consolidation, which I assume has now finally ended. Trump accounced that they picket 5 coins for the strategic reserve:
BTC
ETH
XRP
SOL
ADA
This aligns very well to what people have waited for. If you believe in a finall bull run, these 5 could be part of your portfolio. I would also recommend to have a look at LINK and LTC, as they are performing quiet well.
BEARS ARE TRAPPED - $2990's SOONAs illustrated, Im visualizing a strong beginning to a historical bullish MARCH.
On average in 15, 10, and 5 years, MARCH has been mostly bullish.
To anticipate a bullish march, FEB must make sense and leave a few clues that could indicate a healthy setup for a potential buy opportunity.
In this case, FEB made a natural correction toward the end of the month which makes total sense and it is completely appropriate and necessary to setup March for what COULD be next:
A STRONG BULLISH MARCH that could potentially take the yellow metal to see $3,000 USD/Oz for its first time in history.
The setup looks beautiful; with a bullish engulfing candle closing above previous candles, and such bounce having taken place below a major daily support and very near FEB's breaker block that served as a major support - trampoline level for the month (of February) to expand so strongly.
Market has grabbed liquidity at a discount price level, below the 50% retracement of the expansive move of FEB; yet another positive sign of a potential continuation to the upside since: THE TREND IS YOUR FRIEND .
I could be off in my timing by 1 week; maybe 2 AT MOST..
But there will be a continuation simply because the demand for gold just keeps rising with all the BS going on around the world + USA's insane tariffs THAT COME INTO EFFECT IN MARCH ... JOIN THE DOTS @!#$% ...
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GOOD LUCK!
TESLA Technical Analysis! BUY!
My dear friends,
TESLA looks like it will make a good move, and here are the details:
The market is trading on 292.31 pivot level.
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 - 353.33
Recommended Stop Loss - 263.13
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
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WISH YOU ALL LUCK
NATGAS: Bullish Continuation is Expected! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy NATGAS.
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