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Apex

DIAUSDT Falling Wedge|Price Action Apex|Swing Low|200MA|.618 FibEvening Traders, Second Analysis – DIAUSDT- trading in a falling wedge formation where a confirmation will be on a break of dynamic resistance. Points to consider, - Price Action Apex - Market Structure Lower Lows - Key Dynamic Resistance (.618 Fibonacci Confluence) - RSI Divergence Forming DIAUSDT is trading towards its apex in a bullish falling wedge pattern were a confirmation will allow us to have a bullish bias on the market. The market structure is currently making lower lows on dynamic support, holding this on the next test will increase the probability of a bullish divergence on the RSI. The volume profile is currently below average, a break of resistance will need increasing volume. This will signal a true breakout, aiding in avoidance of fake outs. Immediate target is the bearish retest zone which is in confluence with the .618 Fibonacci and market structure. A respect of resistance here is highly probable on the first test. Overall, in my opinion, DIAUSDT is a valid long once the falling wedge pattern is confirmed. Price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
BTCUSDT Dynamic Resistance|Bullish Divergence|.618 Fib|PA Evening traders, Today’s Analysis – BTCUSDT- a probable swing trade, signs of a short term bullish bias as price shows strength, breaking dynamic resistance is a long. Points to consider, - PA Demand (.618 Fibonacci Level) - Dynamic resistance/support converging (Apex) - 21 MA visual guide - Oscillators diverging - Volume below average BTCUSDT’s price action shows that there is demand below key Fibonacci levels, mainly the .618 level. This gives us a short term bullish bias on the market as price action shows strength. The Dynamic resistance and supports are converging; price will have to break out of its apex sometime before 18th July. The 21 MA can be used as a visual guide for when the breakout occurs, price is likely to trend of it. Oscillators are both diverging from price; this shows immediate strength in the market, remaining above the 50 level is bullish. Volume needs to increase upon a breakout, this will help dictate the strength off the move and avoid fake outs. Overall, in my opinion, BTCUSDT will have a volatile move from its apex. A break of the key dynamic resistance allows for a valid long with defined risk. Any moves are to be backed with increasing volume to avoid fake outs. What are your thoughts? Thank you for following my work! And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Long
by The_Alchemist_Trader_
8
DGBBTC | Ascending Triangle | Apex | Resistance Cluster Todays Analysis – DGBBTC – Trading within a multi-month ascending triangle, nearing its apex as support and resistance converge. Points to consider: - Resistance cluster - Higher lows - apex - 200 EMA – visual guide - Low volume - RSI above 50 – higher low projection - Stochastics overbought DGBBTC unable to break and hold above daily resistance after multiple failed attempts over a multi-month period indicates a strong resistance cluster. Price action has been forming a higher low projection as it convergence into daily resistance. A break in either direction is imminent as price coils into its apex. DGB respecting the 200 EMA, allowing it to act as a dynamic support. Price trading above the EMA is perceived bullish; breaking below considered bearish. Volume has been declining and remaining below average. Historically, an inflow of volume has coincided with bullish price action, indicative of an influx being probable at the retest of daily resistance. RSI breaking above 50, trading in a higher low projection indicating increasing strength in the market. Stochastics are overextended, although they may remain there for some time, momentum has been stored to the downside. Overall, in my opinion, further price development will determine a directional bias. An S/R flip re-test of daily resistance with volume follow through validates a conservative entry for a long trade with technical target of structural resistance. However, breaking below trend support, price will likely retrace to structural support. What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
by CryptoInsider009
2
ETHBTC |Key Level | Apex | Double Bottom Today's analysis – ETHBTC – consolidating at local support, nearing its apex as resistance converges Points to consider: - Trading at a key level (Apex) - 21 EMA (visual guide) - Double bottom - RSI neutral - Stochastics overextending - Flat volume ETH is trading at a key pivotal level, as support and resistance converge, a break in either direction is imminent. Price failing to break in either direction with multiple failed attempts substantiates both, local support and resistance as strong levels, indicative of the apex conducing high volatility. Further price development will allow the 21 EMA to act as a visual guide assisting determine the immediate direction of the market. Price trading above the EMA perceived bullish and below considered bearish. A possible double bottom formation is feasible and solidified with a bullish break of the down-sloping resistance, however, a break bearish below local support will negate the pattern. RSI is neutral, further price development will allow for directional bias, coinciding with the probable breakout. Stochastics are reaching oversold conditions and may remain oversold for some time, however, a valid buy cross will indicate momentum shifting on the macro time frame with stored momentum to the upside. Volume is flat and has been average for some time, usually indicative of an influx being imminent, likely to coincide with the breakout. Overall, in my opinion, ETHBTC is consolidating at a key level with impending volatility expansion, validating a trade in either direction as price breaks from its apex. Technical targets being daily resistance (long) or daily support (short). What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
by CryptoInsider009
4