SOLUSDT: Forming a bearish pattern?The SOLUSDT chart may be forming an Inverse Cup pattern, which signals a potential trend reversal from bullish to bearish.
In this pattern:
The inverted cup is created when the price rises, then reverses downward, forming a rounded top resembling an upside-down cup.
As the price drops and approaches the support level, traders watch to see if the support will be broken. If it does break, a strong bearish trend is likely to follow.
In the case of SOLUSDT, the price is showing signs of declining from the top of the inverted cup pattern, and it could continue to fall if it breaks below the support levels of 145 USDT and then 134 USDT.
Trading strategy based on the inverse cup pattern: Traders can wait for a break below the support level to confirm the bearish trend and then enter a sell position targeting lower levels, such as around 134 USDT.
Signal
CADJPY - Bearish Pressure Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 CADJPY has been hovering within a big range marked in blue.
Currently, CADJPY is retesting the upper bound of the range.
Moreover, the upper green trendline acts as a non-horizontal resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the major high and upper trendline.
📚 As per my trading style:
As #CADJPY is around the red 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
GBPUSD Sellers In Panic! BUY!
My dear friends,
GBPUSD looks like it will make a good move, and here are the details:
The market is trading on 1.3115 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 - 1.3215
Recommended Stop Loss - 1.3057
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
———————————
WISH YOU ALL LUCK
USDCHF: Short Signal Explained
USDCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short USDCHF
Entry Point - 0.8506
Stop Loss - 0.8526
Take Profit - 0.8470
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
EURJPY Trading Opportunity! SELL!
My dear subscribers,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 162.06 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 160.79
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
TESLA Under Pressure! SELL!
My dear friends,
TESLA looks like it will make a good move, and here are the details:
The market is trading on 260.65 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 242.66
Recommended Stop Loss - 269.75
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
———————————
WISH YOU ALL LUCK
ETHUSDT Today’s ETHUSDT analysis shows a potential bearish continuation. After a sharp 10% drop, the price is hovering around $2,390, signaling more downside risks. The chart indicates that ETH might enter a consolidation phase, with the price likely retesting the resistance zone between $2,839 and $2,535 before making another move lower.
Key Levels:
Resistance Zone: $2,839 to $2,535
Support Zone: $1,550 (major support zone highlighted below)
Trading Strategy:
Bearish Setup: If ETH struggles to break through the resistance zone, it may lead to further declines, potentially dropping to the support level at $1,550. Traders could look for shorting opportunities near the resistance around $2,839 with a target of $1,550.
Stop Loss: Place the stop loss just above the $2,839 resistance to protect against any unexpected breakouts.
BTCUSD: How to trade ?Today’s analysis for BTCUSDT based on the chart shows a potential continuation of bearish momentum. The price has been rejected at a resistance level around $63,000, highlighted by the red arrow and labeled "Resist". The current price is hovering around $61,100, and we observe that BTCUSDT is struggling to break back above this resistance zone.
Key Points:
Resistance: $63,000 is acting as a strong resistance level.
Support: There is a crucial support zone around $54,300, as shown in the green area on the chart.
Strategy:
Bearish Scenario: If BTCUSDT fails to break above the resistance around $63,000, a further drop towards the support level at $54,300 is likely. Consider short positions below the resistance level with a target near the support zone.
Stop Loss: Set above $63,000 to mitigate risks in case of a breakout.
Bullish Scenario: If there is a clean break above the $63,000 resistance level, the next upside target could be around $66,000 or higher, invalidating the bearish outlook.
The overall sentiment remains cautious as investors monitor price action around key resistance and support zones.
XRP Breakdown Signals Further DeclineLooking at the XRP/USDT chart, we can observe that the price recently faced rejection at a strong resistance zone around $0.6270. The market has since broken below the ascending trendline, indicating a potential shift toward a bearish sentiment.
Key Levels:
Strong Resistance: $0.6270
Current Price: $0.5287
Support Target: $0.4199
Analysis:
After failing to break through the strong resistance, XRP has begun to retreat, crossing below the trendline, which could now act as a resistance. This breakdown suggests that we might see further declines, with the next major support level resting at $0.4199.
Strategy:
Sell Opportunity: Traders could consider shorting the asset at current levels or wait for a potential retest of the broken trendline around $0.5655 - $0.5807.
Stop Loss: Above $0.6270, just beyond the resistance.
Take Profit: The primary target would be the support at $0.4199.
USDJPY What Next? SELL!
My dear friends,
Please, find my technical outlook for USDJPY below:
The price is coiling around a solid key level - 146.04
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 144.28
Safe Stop Loss - 146.97
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
CHFJPY My Opinion! SELL!
My dear friends,
My technical analysis for CHFJPY is below:
The market is trading on 171.73 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 170.25
Recommended Stop Loss - 172.54
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
GBPCAD: Bullish Continuation & Long Trade
GBPCAD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long GBPCAD
Entry - 1.7873
Sl - 1.7806
Tp - 1.8000
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
EURUSD Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.1046
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 - 1.1089
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
GBPJPY Set To Fall! SELL!
My dear subscribers,
My technical analysis for GBPJPY is below:
The price is coiling around a solid key level - 193.29
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 192.20
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
———————————
WISH YOU ALL LUCK
GOLD Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The price is coiling around a solid key level - 2662.8
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2653.5
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
EURCHF What Next? BUY!
My dear followers,
This is my opinion on the EURCHF next move:
The asset is approaching an important pivot point 0.9358
Bias - Bullish
Safe Stop Loss - 0.9330
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.9401
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
ETHUSDT Faces Key Resistance, Downtrend Ahead?The ETHUSDT chart shows Ethereum currently trading within a sideways channel, with support around 2,400 USDT and resistance near 2,750 USDT. After a slight recovery, ETH seems unable to break through this resistance level and is now turning downwards.
Combined with uncertainty in the cryptocurrency market and macroeconomic factors, ETH is likely to continue fluctuating within this range before possibly breaking the support zone. If the 2,400 USDT level is breached, a strong downtrend could push ETH to lower levels around 2,200 USDT or even further.
Trading strategy: Traders can wait for ETH to reach the resistance zone near 2,700 USDT to enter a sell position, with a target of 2,400 USDT. If the price breaks below this support, continue holding the sell position with a lower target around 2,200 USDT.
EURCAD: Long Signal with Entry/SL/TP
EURCAD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURCAD
Entry Point - 1.4944
Stop Loss - 1.4906
Take Profit - 1.5015
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
AUDNZD The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the AUDNZD next move:
The instrument tests an important psychological level 1.0936
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0915
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
ETHUSDT Near Resistance - Expecting a Downward CorrectionETHUSDT is currently testing a descending trendline, which has acted as resistance in previous instances, as shown by the two prior rejections marked by red arrows. The price is hovering near $2,650, with a potential move towards $2,740 if short-term bullish momentum continues. However, based on the chart pattern and market behavior, there is a high likelihood of rejection near the $2,800 mark, leading to a bearish correction.
The projected scenario suggests that if ETH is rejected from the trendline, it may revisit the support zone around $2,300 - $2,200. The market remains cautious as traders await key macroeconomic data that could influence risk assets, including crypto. This trend aligns with the broader market's volatility and concerns around interest rates and global economic uncertainty.
In summary, ETHUSDT could see a short-term increase before likely encountering strong resistance, prompting a downward move towards the support range. Traders should be alert to price action near the $2,800 level for possible trend reversals.