Hold TIGHT! - BTC Fails to hold 200 WMA - 17.2k Target As the BTC sell off continues, the 200 weekly moving average support has now flipped and acting as resistance, 17.2k is reasonable target.
200ma
AER is setting up for the growthAER had crossed the 200-day moving average and now is located above. Today was a green day, and, supposedly, the price will resume moving higher. One may build a long trade here with a stop-loss at 38.25
EURAUD Local S/R| Swing High| 200 MA| Price Action Evening Traders,
Today’s analysis – EURAUD- trading above Local S/R where a back test is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support (.382 Fibonacci Confluence)
- Swing High Objective
- 200 MA Resistance
- RSI Bullish Control Zone
EURAUD’s immediate price action is impulsive above Local S/R, a bullish retest of this level is likely due to technical confluence with the .382 Fibonacci, this allows for a bullish bias.
Swing High is current objective, this will also take out 200 MA, increasing the probability of testing upper Local S/R.
The RSI is trading in its respected bullish control zone, remaining in these levels is critical in order to maintain strength in the market.
Overall, in my opinion, EURAUD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
EURNZD Local S/R| Structural S/R| .382 Fib| Price Action| 200MA Evening Traders,
Today’s Analysis – EURAUD- impulse close above Local S/R, a bullish retest is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support (200 MA Confluence)
- Structural S/R Resistance
- RSI Bullish Control Zone
- Increasing Volume
EURAUD’s immediate price action is impulsive above Local S/R, holding these regions allow us to have a bullish bias on the market.
The Local S/R is current support that is in confluence with the .382 Fibonacci, price action has a high probability of respecting this level.
Structural S/R is objective, clearing this level will greatly increase the probability of trend continuation.
The RSI is currently trading in its respective bullish control zone, maintaining these levels with increasing volume is indicative of market strength.
Overall, in my opinion, EURAUD is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
NEARUSDT Dynamic Support|Local S/R|Price Action|Declining VolumeEvening Traders,
Today’s analysis – NEARUSDT – trading in its respective apex where a breakout will be imminent,
Points to consider,
- Price Action Apex
- Dynamic Support
- Local S/R Resistance
- Declining Volume
- 200 MA Support
NEARUSDT’s immediate price action is trading at a pivotal point, claiming Local S/R as support is bullish.
The Dynamic Support is projecting a lower high projection; price action respecting this will maintain bullish market structure.
The current volume is declining, an influx is highly probable when testing key trade locations such as the 200 Dynamic Moving Average.
Overall, in my opinion, NEARUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“You create your own game in your mind based on your beliefs, intents, perception and rules.”
― Mark Douglas
Is Gold looking for a deeper correction abyss?It is clear by now that the Gold fantastic dreams of going to the moon in 2020 as the safest heaven asset are proven to be incorrect. Investors are heavily invested in the stock market and digital assets profiting from all the new printed money that is pouring in.
For many investors, Gold is the easiest asset to liquidate from their portfolios. Selling gold to reinvest in other winning assets, or cover commitments and immediate debt seems to be a no brainer. Investors will favor selling gold as opposed to sell other more profitable assets.
The fact that Gold is falling to achieve new heights in 2020, it shows a much deeper issue with the metals, in which IMO has to do with the way modern investor see it, no longer as a monetary asset, but more like a commodity that they park money occasionally.
Bitcoin in the other hand keeps going up, despite many gold bugs wishes of otherwise. Bitcoin is close to revisit its ATH of $20,000 as Gold breaks down unable to secure $2,000, a modern classic investment asset battle took place, and Gold lost.
IMO Gold is bound to go much lower in 2021, I can see it breaking down much lower the 200ma, possibly towards the lower 1500 hundreds, who knows, even lower, perhaps the death cross will follow with a long consolidation period.
If gold didn't manage to break out in the worse financial year since WWII, it will not be able to do much in 2021 supposedly a recovery year, for those holding it, hedge accordingly.
ALGOUSDT Local S/R| Daily S/R| Price Action| 200 MA Support Evening Traders,
Today’s analysis – ALGOUSDT- impulse break above Local S/R, holding these levels are deemed bullish.
Points to consider,
- Price action impulse
- Local S/R Support(200 MA Confluence)
- Daily S/R Resistance
- Volume Influx
ALGOUSDT’s immediate Price Action is impulsive, allowing us to have a bullish bias in the immediate short term,
The Local S/R is current support in confluence with the .50 Fibonacci and 200 MA supports; price action testing these areas is likely to be respected.
The Daily S/R is immediate resistance, taking this level out will increase the probability of trend continuation,
The volume profile is indicative of a climatic node, this suggests a true breakout thus follow through is needed to sustain momentum.
Overall, in my opinion, ALGOUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
ZOM to retest the 200ma perhaps?I think the latest days have been amazing for ZOM, Truforma is coming in Q121 and so other solutions in the pipeline, the prospects for the company are very good.
This team have been working for years and deserve a better company stock valuation now with their new developed technology.
For the short time, I think the stock is likely to retest the 200ma, perhaps around 12ish and consolidate, but I wouldn't get surprise if the stock shoots up to 20 cents or over.
$BA - Watchlist - Wait For 50MA$BA has looked good of late. Closing above 200MA. If you're looking for confirmation you could wait until the 50MA cross up above the 200MA as a buy signal. It will likely be a buy signal for a lot of people. But I wouldn't fault anyone for jumping in now. Definitely seeing some accumulation volume as well.
$TRIP Bull Pennant Post Earning. TRIP forming bull pennant. Volume Up. Closed above 50MA and 200MA. 50MA also crossed 200MA.
VETUSDT Weekly S/R| Falling Wedge| 200 MA| Price Action Evening Traders,
Today’s analysis – VETUSDT- confirming an S/R Flip Retest with bullish divergence, upside probable
Points to consider,
- Falling Wedge Pattern
- Dynamic S/R Support
- 200 MA Resistance
- RSI Bullish Divergence
- Valid Volume Influx
VETUSDT’s immediate price action is trading in a falling wedge structure, typically a bullish pattern especially above Weekly S/R. This allows us to have a bullish bias on the market.
The Dynamic S/R has been breached, holding above this level and breaking 200 MA will be deemed bullish.
The RSI has a valid bullish divergence playing out, maintaining its respective bullish control zone will be critical for a bullish bias.
Current volume profile has evident volume influxes, follow through is required to maintain bullish momentum.
Overall, in my opinion, VETUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
COTIUSDT Range High| 200 MA| .50 Fibonacci| Price Action Evening Traders,
Today’s analysis – COTIUSDT- impulsive price action above range high, holding this range shows strength in price action
Points to consider,
- Price Action Impulsive
- 200 MA Support (.50 Fibonacci & 21 MA Confluence)
- Range High Resistance
- Oscillators Bullish
- Low Volume
COTUSDT’s immediate price action is trading above range high with impulsive price action; this allows us to have a bullish bias on the market.
The 200 MA is current support that is in confluence with the .50 and 21 MA, thus a bounce here is probable as evident.
Range High is immediate resistance, breaking above this level will deem trend continuation.
Oscillators are both bullish, maintaining their respective bullish control zones will indicate strength. The RSI has respected its 50 mid whilst the Stochastics is approaching as valid buy cross.
The current volume profile is below average after a climatic influx, this marked a temporary bottom in price. Bull volume follow through is now needed to sustain bullish momentum.
Overall, in my opinion, COTIUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this helps!
Thank you for following my work
And remember,
“Only The Game , Can Teach You The Game” – Jesse Livermore
NQ Power Range Report with FIB Ext - 11/6/2020 SessionContract - CME_MINI:NQZ2020
- High - 12089.00
- Low - 12030.25
Current Stats
- Gap: =N/A
- Session Open ATR: 301.42
- Volume: 52k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 12440
- Short: 10950
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 11/3/2020 SessionContract - CME_MINI:NQZ2020
- High - 11097.00
- Low - 11065.00
Current Stats
- Gap: N/A
- Session Open ATR: 268.50
- Volume: 21k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 11600
- Short: 10950
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
USDJPY Local S/R| VWAP Support| Swing Low| Rang Mid| PA Evening Traders,
Today’s Analysis – USDJPY- Trading above Local S/R, back test will confirm the level as support.
Points to consider,
- Price Action Impulse
- Local S/R Support (.382 Fibonacci & VWAP Confluence)
- 200 MA Resistance
- Oscillators Neutral
- Increasing Volume
USDJPY’s immediate price action is impulsive above Local S/R, this allows us to have an immediate bullish bias.
The Local S/R is in confluence with the .382 Fibonacci and VWAP, a bounce here is probable.
The current 200 MA Resistance is holding price down, breaking this will make the immediate target range mid.
Both Oscillators are currently neutral, remaining in their bullish control zones shows immediate strength in the market.
The volume profile is increasing, this needs to sustain for continued follow through in price action.
Overall, in my opinion, USDJPY is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
In trading, everything works sometimes and nothing works always.”
USDCAD Daily S/R| 200 MA|Local S/R|.618 Fibonacci|Price ActionEvening Traders,
Today’s analysis – USDCAD – breaking back above Local S/R with technical confluence, Daily S/R target,
Points to consider,
- Price Action Impulse
- Local S/R Flip
- 200 MA & .618 Fibonacci Confluence
- Oscillators Neutral
- Increasing Volume
USDCAD’s immediate price action is impulsive above local S/R where confirming a bullish retest will allow us to have a bullish bias.
The Local S/R is in confluence with the 200 MA and the .618 Fibonacci, thus a bounce here is probable.
Both oscillators are neutral, maintain in their respective bullish control zones will signify strength in the immediate short term.
The volume profile is currently increasing, indicative of further momentum stored when price trades near a key trade location, the Local S/R.
Overall, in my opinion, USDCAD is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps!
Thank you for following my work
And remember,
The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
NQ Power Range Report with FIB Ext - 10/30/2020 SessionContract - CME_MINI:NQZ2020
- High - 11230.50
- Low - 11176.75
Current Stats
- Gap: -0.29%
- Session Open ATR: 267.77
- Volume: 38k
- Trend Grade: Neutral
Key Levels (Rounded - Think of these as a range)
- Long: 11600
- Short: 11040
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Induslnd Bank bullish Induslnd bank is for the time being range bound
but watching Banknifty, which is at a very crucial point of near 25000, induslnd bank can test the upper bound of its range in future
watch and go long with respect to bamk nifty
if bankfnifty crosses 25000 with good volumes and sustains it then induslnd will easily give target 2 at least
also the area of target 1 is in 0.618 region fib level, so it can be considered as a safe target
safe traders can go for target 1 ( my recommendation )
medium risky traders can go for target 2
while khatro kkhiladi nibbas can target 3 aswell
trade cautiously
use appropriate stoploss
OCEANBTC Local S/R| .50 Fibonacci| 200 MA| Price Action Evening Traders,
Today’s analysis – OCEANBTC- trading above Local S/R with technical confluence, a bounce here is probable.
Points to consider,
- Price action impulsive
- Local S/R Support (200 MA& .50 Fibonacci)
- Upper Local S/R Resistance
- Oscillators Diverting
- Volume influx
OCEANBTC’s immediate price action is testing a key trade location with strong support; this allows us to have a bullish bias on the market.
The Local S/R is current support; price action is likely to respect this level due to technical confluence with the .50 Fibonacci and 200 MA.
The upper Local S/R is resistance, being the target; a bearish retest here is probable.
Both oscillators are currently neutral; remaining in their respective bullish control zones will allow us to maintain our bullish bias.
The volume profile has a valid volume climax, this is indicative of selling momentum being extended. Any bull moves now need to be backed with increase bull volume.
Overall, in my opinion, OCEANBTC is a valid long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
LINK - 50 MA bounce off or fall through 200 MA? Technical View
LINK has a crucial moment approaching with the 50 MA bouncing or falling through the 200MA.
Macro View
I am taking a neutral position in the trade for the time being since I take the view that uncertainty in the equity markets will lead to contagion in crypto. The bull case for equities is for the passage of stimulus or a Trump win while the bear case is a Biden administration (higher corporate tax regime directly effects valuations). Further, to the extent we experience a coronavirus induced financial panic or liquidity crisis that it would lead to dollar shortages which translates into dollar strength and crypto weakness. I therefore expect shortly before or around the election for a significant uptick in volatility and a hesitation to go long crypto against a backdrop of substantial risk in the equity markets.
Additional Thoughts
First post - I have never traded on technicals and look forward to the learning process along with feedback from the community. I have traditionally been an investor with maybe 20% portfolio turnover every 6-12 months which explains why I am looking at a daily charts. I also tend to view issues through a macro lenses and hope to learn a great deal with respect to timing the entry/exit of trades using technical analysis.
Could It Be This Simple?Interesting price action at these levels. Looks like we may continue to trade sideways for a bit, before a potential move to the upside. Let's see how this week plays out, and if the bulls can recapture key supports on the majors.
Is COPA winding up for a breakout? #copperStill needs to break 31 though, but has found resistance at 25.53, its 200 EMA
SPX relation with Stocks above 200D MA,70 selling & 24 Buying I did not like this a bit. I do not no way but it seems it was quite hard to analyse !. Even though, it is the 200d MA it gave tops that are not significant at all
that's maybe one of its draw back. high opportunity cost. Or maybe it is not my day of analyzing :-). i did my best LOL.
further examination of this indicator is needed. Also, do not forget that i might missed allot of tops & bottoms :-)
wish you all the best.
