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Apex

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 Kudiiee
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 Kudiiee
4
CADJPY Price Apex|Daily Support|Low Volume|Local ResistanceEvening Traders, Today’s Analysis – CADJPY- trading in its Apex (Moving Averages converging) at daily support. Respecting the 200 MA will push price to a retest of local resistance. Points to consider, - Price equilibrium - 200 MA confluence - 21 MA Resistance (Apex) - Oscillators neutral - Volume below average CADJPY is trading in a valid equilibrium; a break is imminent at any moment as price is in its apex. The 200 MA is in confluence with daily support, this ways more significance then the 21 MA resistances only, thus the probability breaking north is slightly higher. The RSI and Stochastics are flat given price is holding support in an equilibrium. Breaking out of the apex will directly coincide with the strength and momentum projected by the oscillators. Volume is key as it is currently below average; this is to be expected when price trades in equilibrium, a sign that an impulse move is imminent Overall, in my opinion, CADJPY has strong support confluence giving it a greater probability of breaking north. Respecting the 200 MA will push price into local resistance for a retest. Price must break out of its apex with increasing volume to avoid fake outs. What are your thoughts? Please leave a like and comment, And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Long
by AzizKhanZamani
ZECBTC | APEX | Symmetrical Triangle | Volatility Contraction Todays Analysis- ZECBTC – trading within a symmetrical triangle as it nears the apex. Points to consider: - Volatility Contracting (apex) - Consolidating above range median - 100 EMA (dynamic Resistance) - Declining Volume - RSI above 50 - Stochastics overextended As ZECBTC consolidates above range median, volatility is contracting as price coils into its apex where a break in either direction is probable. Historically, price has failed to break above the 100 EMA, thus another rejection upon re-test is probable. However, body candle closes/consolidation above this dynamic resistance is very bullish. Volume is clearly declining and currently below average, indicative of volatility expansion being imminent. A break in either direction needs to be backed by increasing volume to solidify legitimacy. RSI trading above 50, establishing consecutive higher lows showing increasing strength in the immediate market. Stochastic RSI currently overbought, however, this oscillator may remain overextended for a prolonged period. Overall, In my opinion, a long trade will be validated upon a successful S/R flip of the 100 EMA. What are your thoughts? Let me know in the comments below! Appreciate you for following my work and development as a trader. As always, Focus on you, and the money will too!
by Kudiiee
Q2 Approaches Its Close; However 10k P Action Dribbling Lower 9 days to go to the monthly close being end of Q2 and halfway through 2020. Looking to be a slightly positive 6 month push considering the drop to 4k in March has seen the journey back up to 10k to currently stall. For the week we start the open candle print below the consolidation and as written last week ethics market with volume dropping also is in value. That APEX is insight with P action drilling closures towards it with each candle print. Resistance write up last week remains intact and also the perch below with the trend line above may act like a trapeze net if the market falls with a slight bounce before further downside. Bears are just watching the bulls resting the shade of the trees it seems. Happy Trading :) Bitcoin to Date Daily Current Price: $9297.8 USD Daily Change %: -0.78% Market Cap: $171,334,839,752.50 USD 24 Hour Volume: $15,278,878,016 USD Population of the World: ~7,792,958,300+ humans Today’s Bitcoin Total / World Population: ~ 0.002362520661762 Satoshi’s / $21.96 USD per person Overall Approximate Bitcoin in Circulation: 18,411,025 BTC Approximate Bitcoin Mined Last 24hr: ~ 900 BTC Approximate Bitcoin Left to Mine: 2,588,975 BTC Road to 21,000,000 Bitcoin Mined: 87.67% Current Bitcoin Dominance: 66.17% 📈Support & Resistance📉* Support Levels 1st Support Zone: 9170.7 2nd Support Zone: 8666.7 3rd Support Zone: 7840.4 Resistance Levels: 1st Resistance Zone: 9889.2 2nd Resistance Zone: 10285.8 3rd Resistance Zone: 10781.2 Price Level Consideration Approximate Days Until Halving: 1418 Days (Pending Timezone / Blocks Mined) All Time High Half Way Point: 9942.5 Prominent High: 13767.4 Prominent Low: 3994.1 🐃 Bulls Verse Bears 🐻 🐃 Bullish Above: 10485.8 🐻 Bearish Below: 6474.1 Monthly & Weekly Opens Monthly Open: 9447.2 Weekly Open: 9297.8 Current Price Zone: ACCUMULATION ZONE Biggest Bitcoin Transaction of the Day** 1. 🚨1,083 BTC ($10,176,271 USD) transferred from Coinbase ➡️ Unknown wallet 🚨 Largest Cryptocurrency Transaction Today: 🚨 🚨100.001 ETH ($22,812,824 USD) transferred from Unknown wallet ➡️ Unknown wallet 🚨 🚨 Gold***: $1,747.54 USD +5.74 +0.33% Silver***: $17.75 USD +0.16 +0.91% —————————————————————————————————— *📈Support & Resistance📉: These are typically zones & not exact price levels depicted by the lines. Keep in mind that price may respect and repeatedly touch several times on smaller time frames. **What you won’t see on exchanges: This is purely to reference that traders watching the charts are neglecting the ‘Transaction Sentiment’ of large (🐳 WHALE) transactions from wallet to wallet and OTC execution send transactions (new/old wallets). TIP: The amount/s transferred daily tells a story of flow to potential market dynamics that may transpire. *** Personally I HODL Gold/Crypto over having a majority of Fiat currency 💸. Previously before trading crypto in 2015, Gold was one of my main charts thus I look at the price regularly comparative to Bitcoin. Created & published by Des Landen Landen International Playlist: Third Row Tesla - Episode 18 - Kimbal Musk - Tesla, SpaceX, Big Green.
BITFINEX:BTCUSD
by LandenInternational
IOSTUSDT | Ascending Triangle | Apex | Structural Resistance Todays analysis - IOSTUSDT – retracing to local resistance, trading in a bullish ascending triangle. Points to consider: - Support and resistance converging (apex) - Bullish ascending triangle - Bullish price action - 55 EMA – Visual guide - Low volume - RSI projecting higher lows IOST consolidating within an ascending triangle nearing its apex where a break in either direction is expected. Recent price action consisting of higher lows and strong bull moves proceeding weak sell-offs is indicative of a bullish bias in the market. Trading above the 55 Exponential Moving Average, acting as visual support, price must hold to support the bullish bias. Volume is clearly declining, indication of an influx being imminent, corresponding with the breakout. RSI trading is trading above 50, projecting higher lows showing strength in the current market. Overall, in my opinion, a long trade is validated at the test of local resistance (aggressive entry) and the position may be added to as we verify a successful S/R flip above structural resistance (conservative entry). What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always, focus on you - and the money will too!
Long
by Kudiiee
2
ONT USDT | APEX | Symmetrical Wedge | Trade Location Today’s Analysis – ONT USDT - forming a symmetrical triangle, nearing its apex where a break in either direction is probable. Points to consider: - Apex approaching - Low Volume - RSI below 50 - 200 EMA (visual guide) ONTUSDT is currently trading within a symmetrical wedge formation that will break in either direction as the immediate support and resistance converge. The volume is clearly declining; indication of an influx being imminent, corresponding with the probable breakout. The RSI has also formed a symmetrical triangle, a break of the pattern will support the directional bias. 200 EMA can assists as a directional guide, price consolidating above, giving a bullish bias. Overall, in my opinion, a break will occur validating a trade in either direction. However further price development is needed to determine a directional bias with volume follow-through for price-action legitimacy.
by Kudiiee