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Confluence

ROSEUSDT - Perspective of a Value BuyerRunning through a value buy scenario on ROSE if macro sets up for further correction. Spot accumulation setup, no leverage. Shoutout to @thecryptosniper for HVF theory, elements of which are used in my analysis (grindline theory, legacy HVF levels as KLoS). Note this is not *pure* HVF theory (as current ROSEUSDT pattern is not compliant) which would give us proper and specific entry, exit and targets to allow leveraged scaling, rather than just a general accumulation zone as indicated here. Tools used: Volume by Price (VBP): identifies price control areas which act as support/resistance, and likewise "pockets" where price is likely to slide through without much trouble. Key Levels of Significance (KLoS): Legacy inflection points, points of control, the like. Point of Control (PoC): Axis of VBP fluctuations - price will have many interactions on these, and they often serve as support/resistance later. Grindline: Typically called "trend line" but implications are more precisely defined in HVF theory. Fibonacci Retracement: Voodoo magic. Current fib retrace is taken from recent ATH in November 2021 to the low in June 2021 correction. Legacy PoC still dominant: There is a value buy zone sitting within the 0.18-0.21 range via a confluence of indicators. Legacy PoC has re-affirmed around the 0.20 level since the conclusion of the summer correction. Local PoC has, within the past week, shifted from the 0.20 level to just above the 0.5 fib, showing further strength (and potentially signalling that 0.20 may not be revisited). The 0.20 PoC level sits on top of the 0.382 fib and coincides with a prior HVF. Barring the start of a crypto bear market, the zone around the 0.20 PoC is likely the limit of discount we can potentially see within the coming weeks. For a return to the zone around 0.20 to occur, another downleg in BTCUSDT to the 42k-43k range is likely required (and at present, still within the realm of possibility). Otherwise, the local PoC should be treated as "best value" in the context of a continuing bull market.
Long
by Derivati-Capital
LCID Swing Trade Idea - LongThe EV sector, as always has been hot and people are looking to make Tesla kind-of-gains, and so people are looking at alternatives / competitors. 39 -> 55 is my long, and depending on how it holds at that price level, may look to go short via put to ride a possible strong rejection at that price level. Technicals: -Swing low to high (fib) -Confluence at high (volume profile and resistance) -Fractals bullish -About to cross 200 ema (1 hr view) This is my first published trade idea. Please let me know what you think!
NASDAQ:LCID
by ownas
Short from that box...Let me give you guys something eye opening regarding this pair GBPUSD that most of you already know and most of you will get a new perspective about the market. 1. During London session, GBP has tremendous energy or rather, tremendous volume that gives the currency good gains.. 2. During New York session, there's enough volume for the USD to overwhelm the GBP and literally wipe out most if not all the London session gains. This happens 80% of the time when the GBPUSD pair buys during London session and during New York session, sellers take over the pair and send it sinking to the ground. If you have also made this observation while day trading or scalping, please do let us know down in the comment section below !.
Short
by LaBOSS_FX
2
NZDUSD - Multiple Signs for Up-Movement - Confluence*** Trade at your own risk! *** *** Not every idea is also traded by us *** Hi Traders! The setup of the idea is that we have multiple factors coming together to make confluences and forming an Up-Movement. Here are the factors from big to small: Daily descending Parallel Channel Price at the Bottom TL of this Parallel Channel Consolidation after Downtrend forming an Accumulation Break of big Trendline Potential Retest of this big Trendline Bullish Divergence on the MACD Oscillator Tight H1-Trendline For many people, these give information is enough and that's why are only publishing the indications without mentioning the meanings, effects, detailed explanations, deep analysis or importancy of them. Also to keep it short for advanced Traders. If some curious Trader wants to know more about anything - go ahead and ask! It would be a pleasure for us to answer. If you want to know more about any point of them or if you have another POV, than feel free to share! Thanks and successful Trading :-)!
Long
by swissmoneymakers
GBPUSD - Consolidation at Bottom of Channel - Pullback expected*** Trade at your own risk! *** *** Not every idea is also traded by us *** Hi Traders! The setup of the idea is that the price is at an Area of Confluence right now and that leads us to a Pullback. It represents a Counter Trend Trade. The Area of Confluence, where price consolidates, are... @ the weekly Support and @ the Bottom of the Channel and after a weaker getting down-movement. That leads us to the result, that the market might pull back in the near future. Possibilities to enter: - Enter at the Break of the Consolidation --> (no FOMO, but fearness of Fake-Out) - Enter at the Retest of Break of Consolidation --> (safe(r) trade, but might miss it --> FOMO) - Enter after Pullback of Break of Consolidation (that means, that price can get deep into the consolidation again, before turning back up) --> (buying when others don't see it, need more confirmation for bullish Movement) - Enter now and wait for the Breakout --> (guarantee of good price when Breakout, but possible to hit your SL before going) Try to set your TP near to your entry. The last most likely TP would be at the upper Channel-TL which confluences with "Golden Zone" (Fib') and (low TF) Resistance. If you would like to ask or comment something or if you'd like to share your view, then you're more than welcome! Thanks and successful Trading :-)!
Long
by swissmoneymakers
2
Artificial Intelligent Insurance Upstart Holdings Leading artificial intelligence (AI) lending platform designed to improve access to affordable credit while reducing the risk and costs of lending for our bank partners. Our platform uses sophisticated machine learning models to more accurately identify risk and approve more applicants than traditional, credit-score-based lending models. They are considered a financial insurance company. Since its IPO back in December 2020, it has had a 1400% gain. We are currently at 3 levels of support : Horizontal support Uptrend support 61.8% Fibonacci retracement line **** $VIX is at 28 as I write this, so I advise smaller positions to be able to handle more volatility. ****
NASDAQ:UPSTLong
by dorfmanmaster
1
GBPJPY testing a confluence zone 🦐GBPJPY on the daily chart is testing a confluence zone where a dynamic and static support are matching. The price after a downtrend can provide some retracement move but on the weekly chart the market can provide a sort opportunity. According to Plancton's strategy if the price will break below and satisfy the ACADEMY rules we will set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
20
SAND/USDT Chart Build-UpWe can identify some zones in the Chart for this Crypto Coin. Fibonacci Analysis, Elliot Wave Analysis also yielded a lot of Information on very strong turning points for this coin. The First Demand Zone, Second Demand Zone and Third Demand Zone all have strong confluences located in them. we have important Fibonacci Support levels located there in each of the zones. Each Zone has a Real Hidden Demand Area which is in Deep Blue Colour. The Fibonacci Levels for each Major Swing Up is also on the Chart. In addition, we have an Harmonic Pattern pointing to the Second Zone. This increases the probability of a successful buy from the Second Zone. The Hidden Demand in the Second Zone is from 4.2535 - 4.6750. We can see that a Double Top has formed in the Verified Resistance Zone at the All-Time-High (ATH). Right now, we also have a Downtrend Resistance Line that has formed with two touches already, starting from the Supply Zone. Also for Elliot Wave, Wave 5 of the Motive Elliot Wave is completed. Price is in now in a Corrective ABC pattern. This can be a reversal? or maybe continuation? Happy Trading and Happy Holidays ahead!!
Long
by Benettel