Get started

Wave Analysis

ETHUSD Will Go Down From Resistance! Sell! Here is our detailed technical review for ETHUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 3,641.87. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,871.15 level soon. 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:ETHUSDShort
by SignalProvider
9
GBPUSD Will Go Higher! Long! Take a look at our analysis for GBPUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.344. Considering the today's price action, probabilities will be high to see a movement to 1.351. 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURCAD Will Go Down! Short! Please, check our technical outlook for EURCAD. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.608. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.607 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
PENGU Topping Out? Targeting 30% Downside After Liquidity SweepPENGU has had an explosive run, but it now looks to be nearing completion of wave 5 of its current Elliott impulse. We’re approaching a key high at $0.04698, a likely liquidity grab zone — and potentially a great area to position for a short trade. 🧩 Short Setup Overview ➡️ Wave 5 Completion Incoming: Price is showing signs of exhaustion as it approaches $0.04698, where liquidity is likely stacked above the previous high. ➡️ SFP Trigger Zone: Watch for a swing failure pattern (SFP) at $0.04698 — confirmation for a potential short entry. ➡️ Psychological Resistance: The $0.05 level also sits just above — a classic psychological barrier that may get tapped or wicked into. 🔴 Short Trade Setup Entry: After a confirmed SFP at $0.04698–$0.05 Target (TP): Yearly Open (yOpen) — potential move of ~30% Stop-loss: Above post-SFP high R:R: Excellent asymmetry if setup confirms 🛠 Indicator Note In this analysis I'm using my own indicator called "DriftLine - Pivot Open Zones ", which I recently published. ✅ It helps highlight key open levels, support/resistance zones, and price structure shifts — all critical for confluence-based trade planning. Feel free to check it out — you can use it for free by heading to my profile under the “Scripts” tab. 💡 Educational Insight: How to Trade Wave 5 Liquidity Sweeps Wave 5 tops often trap late longs, especially when paired with psychological levels and key highs. ➡️ Patience is key — wait for a rejection pattern or SFP before entering. ➡️ Liquidity sweeps first — then the move. Final Thoughts PENGU is pushing toward $0.04698–$0.05, but this may be its final move up before correction. With the yearly open as a logical target, and clear confluence via DriftLine, this setup offers a clean short opportunity — if confirmation comes. Stay sharp, let price lead, and trade the reaction — not the prediction. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
5
EU possible buy idea?7 days ago, I shared a bullish idea that remains valid despite price failing to hold above 1.04321. Current Market Analysis: Price appears to be forming an Elliot Wave 2 (a-b-c) correction. Key Levels to Watch: - 38.2% Fibonacci retracement level (minimum required for Wave 2) - 88.7% Fibonacci retracement level (maximum allowed for Wave 2 to maintain bullish bias) Trade Plan: With my initial position at break-even, I'll employ dollar-cost averaging for additional buys targeting 1.065 : 1. 50% Fibonacci retracement level 2. 61.8% Fibonacci retracement level 3. 78.6% Fibonacci retracement level Stop Loss: 1.017 This is not a financial advice but if you must take the trade, apply proper risk and money management while scaling into the trade.
Long
by phoenixwicks9
CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT Hello, Friends! CAD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 106.478 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the CAD/JPY pair. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
AUD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT Hello, Friends! AUD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 96.380 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
BTC DOMINANCE Update (1D)It seems that Bitcoin dominance may soon experience upward corrections, as it has broken through several support zones to the downside without any reaction and is now close to another support area. Usually, when the market maker pushes the price through multiple supports without a reaction, the price can retrace from a nearby support. The price may soon move to complete wave G. We have considered two different scenarios for the fluctuations of this index. However, note that this chart is a derivative chart, and the fluctuations may not follow the schematic exactly, but this analysis gives us a good view of the support and resistance zones and the probable path. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTOCAP:BTC.D
by behdark
4
RIOT: Sideways is goodRIOT has broken above a very important downward channel dating back July of 2023. It is imperative that RIOT stays above the channel. The sideways consolidation while BTC and the crypto market corrects is a pretty good sign. Next week might be more of the same, maybe a bit more down to gain the momentum back for the last leg up. If we get the final move up, it will confirm a 5 waves sequence. The target would be between 2 to 2.618 extension between $18.68 to $24.33. On the flip side, going back inside the channel would be a sign of weakness. Going back to $11 would be a confirmation of bull run end. All will depend on how the broader crypto market performs for the next 2 weeks or so.
NASDAQ:RIOTLong
by mukit1
PHB Looks Bullish (1D)It appears that wave E has ended after a long consolidation and the formation of a double bottom. A key trigger line has been broken, and the price has reclaimed the flip zone (marked in green). As long as the green zone holds, the price can move toward the targets and the red box. The targets are marked on the chart. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
FILUSDT trading ideaFILUSDT broke down from a bearish formation and has since been trading within a descending channel, carving out what appears to be a 3-wave corrective structure (ABC) to complete wave W of a broader corrective pattern. Price is now approaching a critical zone where wave X is expected to develop. If price manages to break above the projected sell-off zone, bullish momentum could reclaim control, opening the path toward the next major target at $18.308. However, a rejection at this key resistance would likely trigger another downward leg, pushing the price back into the immediate demand zone. A failure to hold this support would significantly increase the risk of a deeper breakdown toward the projected wave Y target around $0.995, completing the extensive correction structure. This is a pivotal moment for FILUSDT, We should closely monitor price action around the sell-off zone for clues on whether bulls can reclaim dominance or if the correction will deepen further.
by weslad
4
Xvgusdt buy opportunity you don't want to miss!!!!Xvgusdt is currently trading within a potential ascending setup following a 5-leg drop, signaling a potential upward breakout. We have identified a clear setup for potential accumulation and recommend establishing a stop loss level to manage risk in the event of a reversal. Your engagement is valuable, so if you find this setup helpful, please consider liking the post and sharing your comments. Thank you for your support.
Long
by weslad
14
Bitcoin on the edge – Is a sharp drop coming?Bitcoin is keeping investors on edge as price action remains volatile and primed for an explosive move once news or capital flows ignite the market. 🌍 Latest market updates: – Whales are back in accumulation mode, with on-chain data showing large wallets growing rapidly. – The U.S. government has just transferred a significant amount of BTC to exchanges — is a dump coming? – U.S. spot Bitcoin ETFs are witnessing record inflows after CPI came in lower than expected, fueling hopes that the Fed will pause further rate hikes this year. 📉 Technical outlook: – On the H4 chart, BTC formed a tightening wedge pattern, which has now broken to the downside. – A steep drop toward the 113,000 to 110,000 USD zone is entirely possible. This looks like a classic break-retest setup — a golden window for strategic entries. If sell volume surges, it could be the perfect moment for bears to strike. Stay sharp — and good luck!
BITSTAMP:BTCUSDShort
by Kevinn_Nguyen