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Reversal

USDCAD - Already Over-Sold! Again...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish , trading within the rising flat channel in blue. Currently, USDCAD is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance zone at 1.36 marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline. 📚 As per my trading style: As #USDCAD is around the blue 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
Short
by TheSignalyst
3
EL jumps on analyst upgrade LONGEL like ULTA was beaten down in covid times. It jumped in 2021 and fell in 2022 and 2023. 2024 might be the year they thrive again. On the weekly chart, EL is back to the support of its levels of 2018. With an analyst upgrade coming from Bank of America it is now getting a bit of attention. Trend strength and relative strength were down. I see this as a good entry for a new long position in EL while also looking at ULTA. Targets are the fib zone and a correction / consolidation area on the downtrend so 200 and 250. Now is the time to invest in female beauty.....
NYSE:EL
by AwesomeAvani
ZS short term upward reversal. ZS is trying to reverse downtrend. Bearish upthrust has been weakening over the last two weeks and price has already set daily higher low on the pre-market. For reversal to happen bulls must protect 192.5 and build value above 196. If the reversal happens it will probably not to last long as we're in a monthly consolidation. But it still can provide some nice profit Example of a possible trade is shown on the graph. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
NASDAQ:ZSLong
by hermes_trisme
NZDCAD - Already OverSold ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NZDCAD has been overall bearish, trading within the falling channel in red. Currently, NZDCAD is approaching the lower bound of the channel. Moreover, it is retesting a strong demand in green. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline. 📚 As per my trading style: As #NZDCAD is hovering around the 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
MPC - Wait For The Trigger 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📦 MPC has been overall bearish trading within the falling channel in red. 📈 However, it is currently approaching a strong round number $0.3. 🏹 For the bulls to take over and shift the momentum from bearish to bullish, a break above the last major high in red at $0.45 is needed. In such a scenario, a movement towards the $0.65 resistance would be expected. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
KUCOIN:MPCUSDT
by TheSignalyst
2
BTC - Narrow Range📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 According to our last analysis (attached on the chart), BTC rejected the 60k-62k support and traded higher. What's next? 🏹For the bulls to remain in control and initiate the next impulse that will lead to movement up to 80k, a break above 70k is required. Meanwhile, as BTC retests the 60k support, we will be on the lookout 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
4
Bitcoin Trends: Identifying Bullish and Bearish Signal.Hello Trading View Community, From soaring to record highs to suddenly dropping over 10%, Bitcoin (BTC) has been full of surprises. Today, let's dive into this rollercoaster ride, exploring the twists and turns of Bitcoin's recent price movements and what might lie ahead. Bear Divergence in RSI and Price Action 📉 Our journey starts with a notable bear divergence on BTC's daily chart. Here's the scene: Bitcoin prices reaching for the stars while the RSI, our trusty sidekick, decides it's not quite ready to leave the ground. This divergence signals a potential cooldown or reversal on the horizon, suggesting the latest rally might need to catch its breath. What Does the Trend Say? 🔄 Rewind to October, when our trend-finding indicator flashed a bright Long signal, setting the stage for the rally that led to January's highs. This beacon was a trader's dream, but like all dreams, a wakeup call—marked by today's shift, as spotted by our dot plotter—suggests a moment of pause or a plot twist in Bitcoin's saga. Plotting the Dots... 📍 Our dot plotter, straightforward yet insightful, has begun signaling a change in momentum, suggesting the party might be winding down. It's like the DJ switching from high-energy beats to a slow jam, hinting it's time to pay attention to the changing vibes. EMA's to the Rescue? 🛡️ Zooming into the EMAs, we see Bitcoin comfortably above our 21 EMA (the one in pink), keeping the bullish spirit alive. However, it's a delicate balance; staying above this line could mean this is just another one of Bitcoin's famed quick corrections. Wrapping It Up... 🎬 Considering the bear divergence in RSI and the signals from our custom indicators, a bit of caution could go a long way. The journey since October has been lucrative for those who followed the Long signals, but the road ahead seems uncertain. The convergence of our analysis suggests it might be time to brace for a potential short-term shift. For enthusiasts hoping to see Bitcoin's ascent resume, the key is to stay vigilant with the charts in the coming days, with a keen eye on the weekly close. This current dip may very well be one of Bitcoin's classic corrections that prelude a continued upward trajectory. Yet, caution remains the word of the day. As we navigate this uncertain terrain, the descent of Bitcoin will have us closely monitoring for a close below the 21 EMA, signaling a potential shift in strategy. A new Short signal could then emerge as our beacon, guiding our next moves in this ever-evolving saga of Bitcoin trading. Thank you for joining me on this analysis. If you've found it helpful or entertaining, a "Like" or "Follow" would be much appreciated. Trade wisely, and remember, these insights are here to aid your journey, not dictate it. These are just ideas, not trading advise...
COINBASE:BTCUSD
by jnpTrends
PYPL falls into deep oversold zone LONGPYPL on the 30-minute chart over the past week fell 10 %, Based on the anchored VWAP bands as well as the volume profile it is in deep oversold territory potentially as a reaction to the stablecoin plan. Volumes are relatively hig while the ZL MACD has had a line cross under a flipping histogram. I see this as an excellent long swing trade setup targeting the mean VWAP or the POC line as the first target for 50% of the trade and 25% each targeting the upper VWAP lines. I will take a combination of a number of stocks and a put option 2-3 months out for some trade risk insurance.
NASDAQ:PYPLLong
by AwesomeAvani
BTCUSD in reversal SHORTBTCUSD on a 60-minute chart had been ascending in a channel but now has broken down and has dropped below the channel support trendline. As to whether it will retest that trendline which is now resistance remains to be seen. However, the MACD lines are under the zero level and RSI lines under 50, lends support to a reversal at this time. Volatility is contracting and price compressing in a symmetrical triangle with the bias bearish at this time.
BITSTAMP:BTCUSDShort
by AwesomeAvani
ETH - 3500 => Make or Break ❗️Hello TradingView Family and Fellow Traders, This is Richard, also known as theSignalyst. 📈 ETH has shown an overall bullish trend, trading within the rising broadening wedge pattern highlighted in red. It's evident that ETH has been respecting significant round numbers, particularly the 500 marks. Following its breakthrough above 3000, ETH traded higher to find resistance around 3500. 📈 To maintain control and drive prices higher towards 4000, the bulls require a daily candle close above 3550. In parallel, ETH retests the lower bound of the wedge pattern, we will be seeking trend-following buy setups on lower timeframes. 📚 Always adhere to your trading plan, especially regarding entry points, risk management, and trade execution. Wishing you all the best of luck! Remember, All Strategies Are Effective When Properly Managed! ~Rich
Long
by TheSignalyst
16
NYCB Community Bank falls to support and rises LONGOn the 15 minute chart the price action reflects the rough time that NYCB has had. Apparently it had a good rally to finish the week due to reports of floods of new deposits . Down the road it may be a problem if premium interest is being paid on the deposits. In the meanwhile, I see NYCB as taking back half of the trend down and floating up gradually into the range of 7 or about 60% upside. This will be a volatile and risky trade but with good upside. I will set a 8% or ATR x 2 stop loss yielding a Reward to risk of about 7.
NLong
by AwesomeAvani
SOXS goes LONG Inversing SOXL SOXS on the 30-minute chart has reversed from a trend down to an early uptrend. This is confirmed by a variety of indicators including the ATR/ U BOT indicator reset to a period of 4, the relative volume indicator showing buying volume spikes instead of selling spikes, as well as the squeeze indicator changes from a green negative histogram to a positive one. Many semi conductor stocks have had major price runs upside. The time has come to watch them for reversals. I will close my SOXL position in favor of a new long trade in SOXS.
AMEX:SOXSLong
by AwesomeAvani
2
AAPL - Exactly like we prepared for weeks ago, Look out!I did an analysis video 2 weeks ago (video linked below) explaining why price was going to continue to come down and build liquidity before proving sell-side tapering and then activating a strong buying algorithm to start moving up. That level I identified was $174-175. Today I'm updating you with a new more tapered algorithm that could be in the cards today if we find support there. Look for a potential wick/reach to orange however if we close above and hold this more tapered white/orange algo, it is an extremely bullish sign and we will look for buying continuation yellow or blue to then activate. Happy Trading :)
NASDAQ:AAPLLong
by ReigningTrades
LEU - Finally a bullish signal with lots of room to the upsideI've been watching Centrus Energy (LEU) for the past few weeks considering they are a strong company and we're in a very strong controlled selling (yellow) algorithm for some time. I was waiting for a bullish sign of reversal prior to finding support at tapered blue - which we saw last week when price was picked up by teal buying continuation. We are now gapping up above our strong yellow selling algo and our next stop will be to test the breakout of orange more tapered selling. If we reject off of orange, we will be looking for one of our buying continuation channels, preferably yellow (very strong) to pick up price and take us out of orange where we will then have the opportunity to attempt a magenta tapered break. Will keep you posted with further analysis as price develops! Happy Monday and as always, Happy Trading :)
AMEX:LEULong
by ReigningTrades
GOLD - Wait For It ⏱Hello TradingView Family / Fellow Traders, On Daily: Left Chart GOLD has been bullish trading within the flat channel in blue and it is currently hovering around the upper bound. On M30: Right Chart 📈 For the bears to take over, we need a momentum candle close below the last major low highlighted in gray. 📉 Meanwhile, XAUUSD would be bullish short-term and can still trade higher to test the $2100. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
OANDA:XAUUSD
by TheSignalyst
3
SNOW - buy the disappointment discount sale LONGSNOW beat the earnings estimates by 150% and slightly exceeded revenue estimates. Price dropped in printing a bear flag in a 22% move yesterday at the close. Buying from the bottom has begun and I have the idea that I should join. My pre-earnings play was closed going into the earnings in the high liquidity that proceeds it. I got my ask price on that position. The chart shows today's buyng volume and volatility. On the slow resumption of bullish price action, I have taken a long trade from the near bottom after this morning's reversal and call options ITM for the July monthy.
NYSE:SNOWLong
by AwesomeAvani
3