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Wave Analysis

USOIL SPOT CASH ANALYSIS Oil Analysis: Overall Trend: The general trend remains bearish, moving towards key supportive correction zones aligned with Fibonacci retracement levels. Technical Signals: A regular hidden positive divergence has appeared, suggesting a potential upward movement from the corrective Fibonacci levels. Outlook: Based on the current setup, there are expectations for a bullish rebound from the corrective zones toward higher target areas, as illustrated in the accompanying chart.
FPMARKETS:XTIUSD
by ramibakour8
TUT Analysis (2H)From the point marked as "start" on the chart, the TUT correction has begun. It appears to be an ABC correction, and we are currently in wave B of this ABC. Wave B seems to be a complex correction, possibly a triangle or a diametric, and we are currently in wave c of B. Wave c of B itself appears to be forming a symmetrical pattern. It is expected to move toward the red box while maintaining the green zone. The targets are indicated on the chart. A daily candle closing below the invalidation level would 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
HYPER Analysis (4H)From where we placed the red arrow on the chart, the HYPER correction has started. This corrective pattern might be diametric, with wave E near completion. By maintaining the green box, it could move toward the targets, which 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 When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
BINANCE:HYPERUSDT
by behdark
DXY Will Go Higher! Buy! Please, check our technical outlook for DXY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 99.288. Considering the today's price action, probabilities will be high to see a movement to 100.788. 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. 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!
TVC:DXYLong
by SignalProvider
1
USOIL Will Go Down! Sell! Here is our detailed technical review for USOIL. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 61.191. 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 56.009 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. 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!
FX:USOILShort
by SignalProvider
1
AUDUSD Will Move Lower! Short! Take a look at our analysis for AUDUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.641. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.629 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. 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
GBPAUD Is Bullish! Long! Please, check our technical outlook for GBPAUD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2.089. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.151 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!
Long
by SignalProvider
1
#IOTA/USDT#IOTA The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it. We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.2125. We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend. We are looking for stability above the 100 moving average. Entry price: 0.2135 First target: 0.2261 Second target: 0.2364 Third target: 0.2483
Long
by CryptoAnalystSignal
NZDCAD Will Go Lower From Resistance! Short! Here is our detailed technical review for NZDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.827. The above observations make me that the market will inevitably achieve 0.824 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. 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
Virtuals Protocol VIRTUAL price analysisThe price of #Virtual is approaching $1.60, the price at which trading began almost six months ago. It will be harder and harder to push the price of OKX:VIRTUALUSDT.P upward, because just look at the chart and see how much it was bought earlier and at what trading vol it is now growing. And what will happen to the #Virtual price if it starts selling off "to zero", those who believed in the "marketing prospects" of #VirtualsProtocol at the time - and as it turned out - bought at highs... ? The levels shown on the chart are working quite well and can serve as a good guide for making trading decisions. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
LINKUSDT → Consolidation. One step away from a rally?BINANCE:LINKUSDT entered a consolidation phase after breaking out of a downward channel. This is a fairly positive sign that buyers are building up momentum ahead of a possible breakout of resistance. Exit from the downward price channel, distribution, and transition of the market to a consolidation phase: 15.275 - 14.400. Bitcoin is forming positive dynamics, which supports altcoins. The local alt season may continue if Bitcoin continues to grow after breaking through 95K. If LINK breaks through the resistance level of 15.275, this move could trigger further growth Resistance levels: 15.275, 15.942 Support levels: 14.400, 14.266 At the moment, the mood of altcoins depends on Bitcoin, as it is receiving support amid positive fundamental data in the US and the global economy. However, for LINK, the focus is on the current consolidation. If the resistance level is not broken on the first attempt, it may happen during the next retest. Before that, the price may test the consolidation support with a false breakdown, which could create an imbalance in favor of buyers, only increasing the chances of growth and a breakout of resistance, provided, of course, that the overall bullish trend continues. Best regards, R. Linda!
Long
by RLinda
3
EUR/JPY BEARS ARE STRONG HERE|SHORT Hello, Friends! We are going short on the EUR/JPY with the target of 159.106 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. 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
Pound Pressured by BOE Cut ExpectationsGBP/USD dipped to approximately 1.3425 during early Asian trading on Tuesday, as a slight rebound in the U.S. dollar put pressure on the pair. The dollar was supported by easing U.S.-China trade tensions, following China’s decision to exempt certain U.S. imports from tariffs, despite its denial of ongoing negotiations. Meanwhile, expectations of a 25 basis point rate cut by the Bank of England in May continue to weigh on the pound. Markets are now focused on an upcoming speech by BoE Deputy Governor Dave Ramsden, with any dovish remarks likely to add further downside pressure on the GBP. If GBP/USD breaks above 1.3430, resistance levels are at 1.3500 and 1.3550. Support is at 1.3200, followed by 1.3050 and 1.2960.
by ChartMage
EUR/GBP LONG FROM SUPPORT Hello, Friends! We are now examining the EUR/GBP pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.860 level. 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✅
Long
by EliteTradingSignals
1
0429 4H TRADING OPPORTUNITY FOR GOLDHello traders, The seven major U.S. stock markets are no longer in the limelight, and the market is facing a major test Even after the past week's rally, the Big Seven have had their worst first quarter since 2022! Over the past two years, seven major tech companies--Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla--have driven a strong rally that pulled stocks out of the 2022 bear market, setting dozens of all-time highs. Today, even after the past week's rally, the seven major U.S. stocks have had their worst start to a year since 2022, according to Dow Jones Market Data. All seven stocks are down more than 6.5%, wiping out a total of $2.5 trillion in market value. [ 1. Core earnings focus: Can tech giants continue their growth myth? Earnings schedule and market expectations Meta (after the close on April 30) Microsoft (after the close of trading on May 1) Apple (after the close on May 2) Amazon (after the close of trading on May 3) Risk warning signals Nvidia showed weakness ahead of time: fell 2.1% on Monday. Divergence in the Nasdaq: The Dow's fifth straight gain contrasts with a slight drop in the Nasdaq, which could trigger a broader sell-off if it falls below its 15,000 support level after earnings. II. Interpretation of the latest market data Changes in liquidity environment US Treasury yields fell: The yield on the 10-year Treasury note fell to 4.213% (from 4.267%), a low interest rate environment is positive for tech valuations, but the US Treasury's new $514 billion borrowing program could drain liquidity from the market, so watch for changes in funding. Dollar index weakens: The Wall Street Journal dollar index fell to 95.78 (from 96.34) and a weaker dollar is usually good for foreign earnings conversion for multinational companies, but if the debt ceiling crisis heats up, the dollar could rebound quickly. Commodity market feedback Gold rallied back: Spot gold closed at its third-highest level in history ($3,332.50 an ounce), as risk aversion rose. If earnings fall short of expectations, gold could test the $3,400 mark again. Crude oil demand concerns: WTI crude fell to $62.05 / barrel, Brent to $65.86. Weak tech stocks could exacerbate the deterioration in economic expectations, further weighing on the outlook for crude oil demand. 3. Analysis of key linkage effects Negative correlation between tech stocks and gold: If the earnings blow leads to a sharp drop in the Nasdaq, gold's safe-haven nature will be highlighted, and capital may accelerate into the precious metals market. Crude oil as an economic barometer: Weak tech giant earnings-> Downgraded global economic outlook-> Dismal outlook for crude oil demand, WTI may test psychological support at $60. Weekly circle prompt: [At the beginning of this week, new warehouses entered to short gold, and need to wait for a new one-hour reversal signal in the European and American sessions before continuing to enter to short gold, aim to do TP1：3265 TP2: 3240 TP3：3225 TP4: 3205】 On Monday, during the European session of gold, there was a reversal signal at the support structure position on the 1-hour chart, and the long plan was put on hold. Daily chart, gold has been trading above the EMA in a volatile market, and the bearish force is not strong enough to reverse the gold rally. The data on Tuesday was light, so we changed our thinking and continued the upward direction on Monday to go long on gold. Using the FIBO calculation of last week's downtrend, the target for going long on gold is: TP1： 3380 TP2: 3408 TP3: 3447 GOOD LUCK! LESS IS MORE!
FX:XAUUSDLong
by FUNTRADER-Vera