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Rejection

GBPNZD - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on WEEKLY: Left Chart GBPNZD is sitting around a strong weekly resistance in green, so we will be looking for sell setups on lower timeframes. on H4: Right Chart GBPNZD has been overall bearish trading inside the red channel and it is currently sitting around the upper trendline. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline. As per my trading style: As GBPNZD is sitting around 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
by TheSignalyst
1
EURAUD - OverSold Zone Ahead 👌Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURAUD is overall bearish trading inside the falling channel in red, and we are currently approaching the lower bound. Moreover, the zone 1.590 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline. As per my trading style: As EURAUD is sitting around the purple 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
by TheSignalyst
9
XRP - Rejection from a danger zone. Capitulation Likely To Come.Ever since XRP reached its high of $0.585 it has been trying to break higher with no cuccess. If we extend fib. levels form the top to the bottom of $0.41 we can see that the XRP has attempted to break higher tho has been rejected for the second time recently. Rejection from a .786 fib. retracement level is common as it presents a danger zone where prices if get rejected can revers the trend temporary. Given that XRP tends move the last in the market ether to the upside or downside i thing we could be on a verge of a last capitulation as the rest of the market experiences second "flush" taking the whole market a little lower before reversing upwards. A final "flush" is what XRP went trough as SEC filled a lawsuit against Ripple in 2020. RSI is also showing bearish divergences. No one knows how deep can capitulation go but imo. it could go anywhere from $0.41-$0.36. We have to look for a high buy volume which typically a sign of a reversal. DISCLAMER I am not a financial advisor so non of this should be taken as a financial advise. Be well
Short
by CR35
XRP - TRIO RETEST 3️⃣ UPDATEHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we were waiting for XRP to approach the 0.42 zone to look for buy setups as it was the intersection of three rejection zones. Now XRP rejected our purple zone and traded higher sitting around the upper red trendline acting as a non-horizontal resistance. 🏹 For the bulls to remain in control, we need a break above the last major high in orange and upper red trendline. Meanwhile, the bears can still kick in for one more correction. In this case, as we approach the green support again, we will be looking for new short-term buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16
Is this the top for Bitcoin?One of the top reasons why i am turning bearish and puting my 46k level on hold is because bears have turned bullish after we broke every target that they set. We also have volume decrising on the every push up which is the indication that the buying pressure is slowing down. On the weekly timeframe we have a ascending channel that we just touched so rejection should come. However on the 4 hourly timeframe we have ascendig channel and i expect a move up until we reach 31.2k where i am going to short, of course with the proper stop loss because we are still in abullish trend. What do you are we going to get rejeted from the weekly channel. Feel free to leave a comment. If you like my ideas please follow me and like the post because you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. Thanks for wathing. BTC TO THE MOON!!!
Short
by Mladen94
NZDCAD - Approaching A Strong SupportHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. NZDCAD is overall bearish trading inside the falling channel in orange and previously we have been trading it by looking for sell setups around the upper trendline and buy setups around the lower trendline. Now NZDCAD is approaching the lower orange trendline again. Moreover, the zone 0.83 is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower orange trendline. (acting as non-horizontal support) As per my trading style: As NZDCAD approaches the lower purple 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
Long
by TheSignalyst
8
Xrp still inside a slightly larger symmetrical log triangleWe had a glorious breakout yesterday and today have seen that candle retrace more than 50 % of its length liquidating all sorts of top buyers no doubt. This happened after price manages a wick above the monthly 50m (in orange) but ultimately was rejected from that zone. It wasn’t just the monthly 50ma that put up the resistance however…there is in fact one last top trendline of a slightly bigger triangle on the xrp log chart shown here in red. Price action got close enough to this line to experience a rejection through the combined resistance of it and the monthly 50ma…the red triangle’s apex isn’t until the end of June…hopefully price will break above it in the current zone though when patterns usually have their breakouts on average (about 5-15% away from the apex). If it takes as long as it did to break up from our pink triangle however it could consolidate inside the triangle here until late June. That would shake a lot of frustrated weak hands no doubt. However I’m still confident we have broken up from the pink triangle and should still reach its full $4.90 target, might just take many months to get us there. The first step will be flipping the top red trendline to solid support and an even more important next step will be flipping the monthly 50ma to solid support. Those are the 2 trendlines to watch. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail