MASK/USDT: Re-Test Might Fail and Show Further Dump! We've been tracking the MASK coin closely and have noticed some interesting movements. The coin attempted a breakout which didn't hold, leading to a sharp decline towards a re-test zone. If this re-test fails to push through, we're likely to witness a further slide into the lower price regions, with the 200 EMA as our primary target. This area will be crucial to watch, as a solid close below could intensify the bearish trend.
We're on the lookout for potential short opportunities upon confirmation of these bearish signals."
Overbought
Binance Coin(BNB): Dumping While Market is Pushing? 👀 The BNB/USDT pair on the daily chart shows a failed attempt to push higher, indicating a potential reversal. The market seems to be reacting to news about Binance's founder, which could be influencing trader sentiment. The Price is now staying below 100EMA, showing us the strong overweight of bearishness (thanks to that failed attempt to push)
The path ahead for BNB may be choppy, with potential downward movements, but we need to have strong support from where we could see some sort of bounce (or some kind of positive news that could push prices out of this downward movement).
EUR/CAD ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽♂️
Overbought + Supply zone
🟠 EP 1.49437
🔴 SL 1.50724
🟢 TP1 1.48111 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 1.46692 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 1.45514 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Solana (SOL): Middle Line Of Bollinger Bands (DROP?)Solana Coin has been on our radar for some time now, so here is a quick update on the current situation:
The focus is on the middle line of the Bollinger Bands; a breakdown here could be the start we've been waiting for. Such a move would provide the clarity needed to determine whether we’re heading towards a more substantial downtrend. We remain open-minded, ready to respond to a confirmed move to reclaim lower price zones, with eyes peeled for any shift in momentum that could signal an opportune moment to act.
Uniswap Coin (UNI): Might Drop Towards FVG Zones - (18% DROP)The middle line of the Bollinger Bands and recent lows serve as markers for the support zone, which puts traders on edge. A decisive break below this area, confirmed by a sustained move below the middle Bollinger Band, could lead to a test of the lower FVG zones.
We should watch for a retest of the support level; a failure to reclaim this zone may intensify selling pressure, propelling the price towards the lower FVG around $5.28. A break and retest scenario will be critical for confirming a bearish outlook and potentially offering a strategic entry for short positions. Conversely, a bounce from current levels could delay the bearish forecast, but the resistance zone overhead remains a significant barrier to any upward movements.
Dogecoin (DOGE): Resistance, 100EMA, Breakdown??Intriguing scenario on the 4-hour chart. Recent market sell-offs that resulted in a structure break have marked a significant resistance zone, which the market price is currently testing. Despite a slight upward movement, there's a clear tension as traders anticipate whether the resistance will hold or not.
If the price sustains below this resistance, then we will go for a movement towards 100 EMA near $0.0775, which is also close to a bullish trend as well. We are looking for weakness to kick in here as BB shows some overbought sings here and marketprice has recently went outside the path of BB as well!
Bitcoin (BTC) - Failed To Hold $38K ZoneThe weekly chart for Bitcoin shows that the price has failed to hold above the resistance zone and the $38K level, closing below both and indicating potential bearish momentum. A new week has begun with a move down from $37,500, suggesting that the bulls are losing their grip.
The $29,850 level is a significant point of interest; a fall to this support could signify a deeper correction. However, the $24,260 level stands out as a critical area to watch for a potential bounce or further breakdown. If the downtrend continues, the next target could be as low as $16,095, a crucial historical support zone.
ADA/USDT - Long Wait Has Come To End (We Reached Resistance) The price has reached the anticipated resistance zone, currently demonstrating strong holding power from sellers. Furthermore, the RSI exiting the overbought zone indicates the beginning of a potential bearish trend. This combination of factors—the resistance hold and the RSI shift—suggests that traders may start to see a downward trend in price. Now waiting to see if we will reach that target support around $0.2550
Swallow Team
Ethereum (ETH) - We Are Still Below 100 EMAOn a weekly timeframe, our attention is still on reaching the lower side of the triangle formation here. We see that the price just keeps rejecting that zone, which indicates a potential movement to lower zones here!
We are holding our eyes open for some sharp movements here and we are going to start slowly shorting ETH as well!
Bitcoin(BTC) - Breaking Down From Bullish Channel (Daily Update)Trice is hovering near the 100 EMA and the lower side of the trending channel, suggesting a potential weakness. Despite a recent small bounce, the Fear & Greed Index shows a greedy market, hinting that the bullish sentiment may not hold for long. This scenario, coupled with an overbought market, raises the possibility of a short squeeze or even a continuous movement to lower zones here.
Weekly Candles are in favour for bears and same goes for daily candles, which still remain below $38K and also $40K, which both work as some sort of "physiological resistance."
Swallow Team
USD/JPY ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽♂️
Overbought + Supply zone
🟠 EP 149.475
🔴 SL 149.776
🟢 TP1 149.173 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 148.864 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 148.559 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
SOL/USDT - Potential of 25% Drop?SOL/USDT shows a recent re-test of the middle line of the Bollinger Bands. As we see, we had a nice push from there, but there is potential for another re-test of that same middle line.
We also see that the RSI's yellow line is still in the overbought zone, suggesting that the price could potentially decline as it did the last time it was in this condition, experiencing a 25% drop.
Swallow Team
XAG/USD ↘️ Sell Trade Setup ↘️Hello Everyone 🙋🏽♂️
We are in supply zone with an overbought RSI indicator.
🟠 EP 23.92943
🔴 SL 24.35149
🟢 TP1 23.48040
🟢 TP2 23.06730
🟢 TP3 22.65874
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
CHF/JPY ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽♂️
Overbought + Breakout
🟠 EP 167.043
🔴 SL 168.309
🟢 TP1 165.828 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 164.401 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 163.246 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
AUD/CAD ↘️ Sell Trade Setup ↘️Hello Everyone 🙋🏽♂️
Overbought + Supply zone
🟠 EP 0.89430
🔴 SL 0.89605
🟢 TP1 0.89255⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 0.89075 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 0.88895 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
NEAR/USDT Short Sell Trading ⬇️Hello Everyone 🙋🏽♂️
Overbought + Supply zone
🟠 EP 1.980
🔴 SL 2.081
🟢 TP1 1.860 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 1.740 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 1.618 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
AAPL's Overbought Indicators Hint at Possible CorrectionCurrently, Apple Inc. (AAPL) shares are presenting intriguing signals for discerning investors. Two key technical indicators, Stochastic RSI and MACD, provide indications that AAPL may have reached a point of overbought conditions.
Stochastic RSI, serving as a measure of market saturation, highlights AAPL's overbought condition, suggesting that the price has likely reached a level prone to correction or decline. Furthermore, MACD shows negative divergence, indicating the potential weakening of the upward momentum in prices.
It is essential to direct attention to the Support and Resistance level (SNR) around 182.34. This level not only boasts a strong history as a previous resistance level but may also play a significant role as a support level.
However, it is crucial to bear in mind that trading always involves risk, and trading decisions should be based on comprehensive analysis and well-calculated risk assessments.
SPX : Overbought zone by Band of Midas
Nothing much here. Just a reminder.
Personally, i took my handsome profit.
1. 5 green candlesticks overbought.
2. Go into Upper Band of Midas.
3. Take profit and wait the next entry near mid midas line.
Huge profitable week. Took profit and have a good weekend. #bandofmidas
GOLD Technical Analysis! Sell!
Hello,Traders!
GOLD keeps growing
And seems unstoppable
However, it looks overbought
So as it is about to retest the
Horizontal resistance of 1950$
I believe a bearish correction
Is to be expected
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
USDJPY - Getting Over-Bought ❗️ AgainHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
USDJPY has been overall bullish trading inside the rising broadening wedge pattern in red, however it is currently approaching around the upper trendline.
Moreover, the zone 150.0 is a resistance zone and strong round number.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As USDJPY approaches the purple 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
#OIL selling opportunityHi dear traders and colleagues, lets look at oil and see if there is any selling opportunity in this commodity or not.
As you can see on the chart we have done a research and find out that any time when stochastic indicator is in overbought in Weekly timeframe and cross below cross below its signal line we have seen a bearish move by the price.
Other things that gives us more confluences to take this trade is the fact that price currently is testing resistance area and also close to tentative bearish trendline.
from fundamentally perspective also we know although we shortage supply by the side of suppliers especially from Saudi Arabia but the fact that we are close to the end of hiking cycle by the central banks and as a result we can see some damages in economic which cause lower demand for the oil.
These are all showing that at least having a bearish correction move in Oil prices is possible and even if price wants to go higher we can have correction from this area.