ETH: Next Six stepsHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today I have analyzed the next 6 steps of ETH for the A1000x members.
On the first step, i am expecting a nice breakout and this will not stop at 2042 support but it will form a pullback pattern below this level because there is a magnetic line at 20009 attracting the ETH. Next, we will see some reaction patterns and a beautiful rise but this beautiful rise will not last long as it will end after the breakout of the trendline. After a breakout, we will see 'J' shape pattern and a nice drop after that.
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Reversal
The Bear Market Looms: Is Ethereum in Trouble?Technical analysis using the Ichimoku cloud indicates that Ethereum is approaching a resistance level around the HKEX:2 ,200 price range. This resistance level suggests that Ethereum's price may experience a pullback or even lower lows from this point.
The Ichimoku cloud is a technical analysis tool that uses a combination of indicators to identify support and resistance levels. It is made up of several lines that provide information about price momentum, trend direction, and potential reversal points. When the price is above the cloud, it indicates that the trend is bullish, while when it is below the cloud, it is bearish. In Ethereum's case, the cloud is indicating resistance around the HKEX:2 ,200 price range, which could result in a pullback or even lower lows from this point.
BTC 15m Head and Shoulders and 1H Double Top on the Trend WavesWe can use candle patterns on the oscillators too. On 1h my waves oscillator, we have a double top, ideally rejected from the 70 lines, and it broke down the neckline.
A pullback in strength could go below a zero line. In that case, aggression (grey wave) would be rejected in the area of -50 to -70.
The head and shoulders pattern formed on a 15m timeframe, and it retests the neckline at the moment of writing this, with a possible drop to 30300 right through the hole on VPVR on the right.
Again, the fact that I remain bearish should not change the fact that trading against the trend is a big NO-NO.
Gold - Take A Break? 🥇Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After rejecting our 1800 support zone , Gold has been bullish making higher highs and higher lows.
However, it is approaching the upper brown trendline that I consider an overbought area.
Moreover, the 2075 is the current all-time-high.
🏹 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 brown trendline. (acting as non-horizontal resistance)
As per my trading style:
As XAUUSD 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...)
Of course, UNLESS Gold breaks above 2075 in an aggressive manner, then the bulls will remain in control and we will expect an extended bullish movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Short trade in BTCHello Traders!
Welcome back to another trade with analyst Aadil1000x.
This is a nice short trade in BTC as there is a reversal pattern at top of this rise.
BTC Short Now @ 30211
Stoploss 30647(-1.42%)
Target 1, 29476(+2.46%)
Final Target 28642(+5.22%)
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BTCUSDT: Summer is commingHello Traders!
Welcome back to another trade with analyst Aadil1000x but this is not a normal trade.
First of all, I will suggest you close the spot positions that are posted recently by me as we are at the peak of a big crash.
This is a deep analysis of BTCusdt many more points are not on the chart but here is a basic few points about my view about the crash.
The Main reason why BTC will break the bottom is that there is a major trendline break and if we look closer it was a smooth break. A smooth break is never a good break. BTC was supposed to form some candles above the trendline so that it can never look back But it failed to do it. So this is the major reason behind the big crash.
Many of you won't understand what I am saying as this is a deep analysis of BTC and to crack a perfect chart we need deep analysis.
The second point is that there is a trendline coming called a bullish breaker. It is formed to give sleeping pills to the Bulls. Once the market crosses that line bulls start to sleep and sooner or later bears have to take control and take the market back to that trendline.
The third line is the final line it is there to cut the neck of bulls and it will dump them inside the ground.
The 'Head' is the rising wedge pattern and its head is above the key level. It will fall down soon. The funny part is you will also see the tongue coming outside the mouth after the bulls fall asleep. LOL
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NZDCHF - Strong Support Zone🛑Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
NZDCHF is overall bearish trading inside the falling broadening wedge in brown and previously we have been looking for trend-following sell setups around the upper brown trendline.
Now NZDCHF is approaching the lower brown trendline.
Moreover, the zone 0.55 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 NZDCHF 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
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
Buy the reversalHello Traders!
Welcome back to another trade with analyst Aadil1000x.
We are going to buy Sol now because of the reversal pattern. It's a nice bullish formation.
SOL buy now @ 20.33
Stoploss 19.87(-2.21%)
Target 1, 20.88(+2.7%)
Final Target 21.46(+5.61%)
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NZDCAD - Video Top-Down Analysis! UpdateHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for NZDCAD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
GBPCHF - Video Top-Down Analysis! UpdateHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for GBPCHF .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
JSWSTEEL - Bullish Consolidation BreakoutNSE: JSWSTEEL is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
EURUSD: A Solid Bear with AimHello Traders!
Welcome back to another trade with analyst Aadil1000x.
This is a nice day as we are in a position where a big move will happen soon. We are at the peak of that move.
We are now at the reaction point and if there is a Doji candle or Reserval 'M" shape pattern above the reaction zone, then enter the short. It will testthe broken trendline.
There is a deep reason why the market will go back towards the broken trendline and we will learn it soon.
We are aiming at least 300 pips from this move.
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Short the ALGOHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today we are selling Algo because of a strong reversal pattern.
Algo SHort Now @ 0.2223
Stoploss 0.2275(-2.3%)
Target 1, 0.2157(+2.9%)
Final Target 0.2107(+5.17%)
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PSNY: DIVERGENCE / CALLS FOR MAY / US TOUR CATALYST / EV GROWTH DESCRIPTION: The following chart is an micro analysis based of technicals & current PSNY US TOUR that can soon prove to be a bullish catalyst for the next big bounce.
POINTS:
1. Deviation between Supply & Demand Pockets remains at 1.50.
2. $3.25 is CRUCIAL SUPPORT THAT MUST HOLD.
3. Break past $4.00 threshold by April 19th is necessary for bullish case to take place.
INDICATORS: In regard to indicators RSI is showing strong divergence on the 4HR Timeframe which has been indicative of a sudden bullish reaction in the past when price action has ben in a consolidating phase. An important level to watch when it comes to MACD would be -0.5 currently MACD is close to crossing over but needs to stay above to further validate play.
SCENARIO #1: In a BULLISH scenario we come to see price action break past the $4.00 threshold by at least April 19th.
SCENARIO #2: In a BEARISH scenario we lose CRUCIAL SUPPORT of $3.25 & see a continuation of bearish price action too $2.50.
FULL CHART LINK: www.tradingview.com
NASDAQ:PSNY
NASDAQ:PSNYW
Change of structure in GBPJPY(correction)Hello Traders!
Welcome back to another trade with analyst Aadil1000x.
Previously we were strongly bullish on GBPJPY but suddenly structure is changed and we are now strongly bearish. This bearish move will take GBPJPY below 161.
Its more than 350 pips move.
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BTCUSDT: Bears are ready to rushHello Traders!
Welcome back to another trade with analyst Aadil1000x.
This is the new Anlysis of BTC. Today BTC has confused me a lot but we are not going to leave BTC like that. We will move with the BTC where ever BTC will go.
After forming a new HH there will be a strong drop. Before drop there will be a doji candle in 1hr or above timeframe or reversal pattern.
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Next 6 Steps of British poundHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today BTC has formed a nice bullish structure below the reversal point. This is a strong sign of Bulls.
At the first step, I am expecting a nice breakout and after a breakout there will be a retest. After completing the retest we will see an impulse which will take GBP above 1.246.
At the final step, we will see a reversal pattern and a strong dip.
Each and every wave is tradeable.
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BTC Buy TimeHello Traders!
Welcome back to another trade with analyst Aadil1000x.
We are now going to Buy the BTC because BTC will continue this bullish run. We are aiming for at least +1.7% move.
BTC Buy Now @ 28360
Stoploss 27960(-1.4%)
Target 1, 28842(+1.7%)
Final Target 29174(+2.88%)
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BTCUSDT: Revealing Next 5 steps of BitcoinHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today I am revealing the next 5 moves of BTC in the bigger picture. Each and every wave is tradeable.
On the first step, I am expecting a strong dip which will break the triangle pattern but don't think about selling the breakout. If you watch my recent Gold Analysis you will understand why.
On the second step I am expecting the change of structure and BTC will start to make HH Hl formation and after that, we will see and impulse. This impulse will be the big trap for buyers as after forming J shape pattern on 4th step market will crash.
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