Trendline Trading Strategy - MAJOR Correction for $KAS THE TREND IS YOUR FRIEND,
until it isn’t.
This is literally the easiest trading strategy that even a monkey can figure out.
Find the major Trendline, and if it breaks, either
A) Sell Your Position
B) Open a Short
Case in point:
Seems like pretty much every coin has broken its trend, but I spent some time last night before bed seeing what was still holding up.
Spotted CRYPTOCAP:KAS
Putting it in context with the rest of the market nuking, I knew Kaspa was one of the last of the Mohicans so I opened my 3x Short.
Today I wake up, and see it broke trend on the 4hr which gives us data for the next 3-5 days / 6-8 trades per month.
P.S. YES that’s Bearish Divergence.
~JK
Short
AUDUSD Is Approaching The DowntrendHey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.656000 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65600 support and resistance area.
Trade safe, Joe.
GBPUSD: Are we in a recessionary environment? Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.28400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 128400 support and resistance area.
Trade safe, Joe.
EURUSD: Bearish Continuation & Short Signal
EURUSD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURUSD
Entry - 1.0908
Stop - 1.0936
Take - 1.0862
Our Risk - 1%
Start protection of your profits from lower levels
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BITCOIN Is Bearish! Sell!
Here is our detailed technical review for BITCOIN.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 64,505.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 61,501 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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Interesting graph of USD/UAHOf course, I have not traded the currency market much and I have no experience as such, but I can predict something purely based on the structures and how it happened, my analysis cannot be taken into account!
1) I can see a 5 wave structure and now the last wave of growth
2) There is so much negativity that the chart begins to slow down, a sign of trend weakness
3) As strange as this US election is, it looks like something is about to happen
In my opinion, there are 2 scenarios. First, we really form the 5th final wave and go through a correction to 20-25, which will give a positive result for 4-10 years, after which the upward movement will begin again. Second, the negative will become more and more and the rate will start to break above 50-54, which in my opinion is very critical and will stretch the uncertainty for years. In my opinion, the probability is as follows, the first - 70-75%, the second - 30-25%
SILVER BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Bearish trend on SILVER, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 27.268.
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ALERT! Healthcare Stocks? $UNH 70% decline! Sub $200 possible. I've been watching and keeping this quiet for a while now and I am now extremely confident of this trade. NYSE:UNH headed for the dumps as technicals show signs of a 70% decline ahead in the next year. This is a developing trade and I do not have any news to support this drop however, I am certain. The Weekly is currently in a bear flag the same exaact way. After a huge run, UNH looks to be running out of steam. The RSI matches around 70 on the 10D timeframe and the MACD is also coming from a negative area into bullish territory, yet the bearish divergence is clear imo. I will be glady entering long puts up here. I will continuously update this trade. See you Next year. Use this chart as a reference to current chart.
NZDUSD Is Approaching The Main Down TrendHey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60600 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60600 support and resistance area.
Trade safe, Joe.
Push down for push upI believe in XRP with its backing in Japan 100% just needing regulation in USA. I believe we will see a retrace with BTC needing to correct itself for a healthy market and push up.
However in previous years we have seen XRP shoot down immensely right before take off. I believe by Nov. pushing into right before Christmas we will see the bull markets true form. All the way until half way through 2025.
Just a 4hr TA chart sold at last peak before the massive drop.
Going all in when we see XRP hit anywhere above $0.23 we can see some support at $0.43 but if that doesn’t hold wait to buy cheap.
but I believe blood in the water is necessary to create the moment we’ve all been waiting for.
Good luck and have fun with it.
NZDUSD: Weak Market & Bearish Forecast
Balance of buyers and sellers on the NZDUSD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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EURUSD Is Very Bearish! Short!
Take a look at our analysis for EURUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.081.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.077 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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EURGBP Is Going Down! Sell!
Please, check our technical outlook for EURGBP.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.849.
The above observations make me that the market will inevitably achieve 0.846 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.
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GBPUSD Is Bearish! Sell!
Take a look at our analysis for GBPUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.284.
Considering the today's price action, probabilities will be high to see a movement to 1.280.
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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USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are targeting the 74.35 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are going short on the EUR/CAD with the target of 1.480 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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GOLD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
GOLD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H timeframe the pair is going up too. 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 2,377.524 area.
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GBPAUD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.96250 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.96250 support and resistance area.
Trade safe, Joe.
USDJPY Is Approaching A Decent ResistanceHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 151.500 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 151.500 support and resistance area.
Trade safe, Joe.
EURGBP Under Pressure! SELL!
My dear subscribers,
My technical analysis for EURGBP is below:
The price is coiling around a solid key level - 0.8443
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8423
My Stop Loss - 0.8458
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
HelenP. I Gold will rebound down from resistance zone to $2410Hi folks today I'm prepared for you Gold analytics. A few moments ago, the price rebounded from the trend line and started to grow to the support level, which coincided with the support zone. When the price reached this level, it soon broke it and in a short time rose until to the resistance level, and even rose a little higher resistance zone. But soon Gold turned around and dropped to the trend line, breaking the 2455 level and then the trend line too. After this, the price some time rising between the trend line and then fell to the 2370 support level, and even fell lower to the support zone, but quickly turned around and made a strong impulse up to the trend line. Then Gold broke this line and reached a resistance level, but a not long time ago turned around and declined below, breaking the trend line. Just now, the price trades near the resistance level again and I expect that Gold will enter to resistance zone and then drop, breaking the trend line one more time. For this reason, I set my goal at 2410 points. If you like my analytics you may support me with your like/comment ❤️
DXY Will Go Lower! Short!
Take a look at our analysis for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 104.399.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 103.504 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.
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