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NQ Power Range Report with FIB Ext - 8/5/2022 SessionCME_MINI:NQU2022 - PR High: 13335.25 - PR Low: 13317.00 - NZ Spread: 40.75 Evening Stats (As of 2:00 AM) - Weekend Gap: N/A - Session Open ATR: 318.09 - Volume: 19K - Open Int: 260K - Trend Grade: Bear - From ATH: -20.25% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 13531 - Mid: 12960 - Short: 12057 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.
CME_MINI:NQU2022Long
by mv3trader5
BTC Symmetrical triangle/PennantBitcoin is trading sideways last 5 days forming a symmetrical triangle and a pennant at the same time. In modern markets there are not bullish and bearish patterns on its own. To be profitable, you need to use them in conjunction with other indicators, news etc. Volume is declining, it's normal during the consolidation phase. In the long run BTC is still in a bull trend, so if you intend to treat these patterns as bearish signals, that's not a good idea. Every day, whales, like Luna Foundation Guard accumulate millions USD in Bitcoins. So, the price target for symmetrical triangle is around $42.7k The price target for pennant is around is around $44.6k As for the stop loss, the "rule" says, slightly below the low of the pattern, or below the down trendline. Investing is a probability game. Try for consistency, there is no perfection in this. Not financial advice. Always do your own research.
KRAKEN:BTCUSDLong
by Rhaonnor
1
CRWD- One of the leaders in cloud endpoint securityCybercrime is expected to cost the world $10.5 trillion by 2025, making it the 3rd largest economy. Recent SolarWinds attack reminds us that cybersecurity will continue to be one of the most important concerns federal govt, SMB and big enterprise pay attention to. Federal budgets devoted to cybersecurity will likely to increase and CAGR of the cybersecurity's TAM is likely to accelerate in the foreseeable future as well. CRWD has outperformed many of its competitors recently and will likely pursue more partnership alliance and acquisition down the road. It is one of the leaders in cloud endpoint security, a niche area within cybersecurity space, and will likely remain so as it continues to expand product offers outside strictly endpoint/workload protection.
NASDAQ:CRWDLong
by Libratus
ADAUSDT Supply Zone| Price Action| Local S/R| Swing High Evening Traders, Today’s analysis – ADAUSDT- trading at a key trade location where a rejection is probable, Points to consider, - Price Action Grind - Local S/R Support (.382 Fibonacci Confluence) - Swing high objective - Oscillators bullish control zone - Declining Volume ADAUSDT’s immediate price action is grinding towards a key support zone that has rejected price once, a pullback will allow for a long entry. The Local S/R is in confluence with the .382 Fibonacci, a respect of this level is highly probable. The Swing High is current objective, exceeding this level will make the local high as target. Both oscillators are trading in their respective bullish control zones, remaining in these regions is indicative of strength in the market. Local Volume Profile is on a declining, this is suggestive of an influx being imminent in the immediate term. Overall, in my opinion, ADAUSDT is a valid long with the setup; price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee
Long
by AzizKhanZamani
5
WAVESUSDT Dynamic S/R| Supply Zone| Declining Volume| 200 MA S/REvening Traders, Today’s analysis – WAVESUSDT- trading with a higher low construction, a break will be imminent, Points to consider, - Price Action Equilibrium - Dynamic S/R Support (200 MA Confluence) - Supply Zone Resistance - Declining Volume - Oscillators Neutral WAVESUSDT’s immediate price action is bullish with consecutive higher lows. The current equilibrium is forming at its apex where a break will be imminent. The Dynamic S/R is in confluence with the 200 NA as projected support, maintaining these as such will be indicative of strength. The Supply Zone is crucial resistance that needs to be breached; closing above with consecutive candles will be another indication of strength. Immediate volume profile is declining considerably; this is a pre-sign of a volatility expansion being imminent. Both oscillators are currently trading in their respective neutral zones; a break in price will cause a momentum shift in both the RSI and Stochastics. Overall, in my opinion, WAVESUSDT is a valid long if bullish signs persist; 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
WLong
by AzizKhanZamani
11
DOTBTC Local S/R| Declining Volume| Swing High| Price ActionEvening Traders, Today’s analysis – DOTBTC – trading above Local S/R forming a potential higher low, Points to consider, - Price Action Impulsive - Local S/R Support - POC Resistance - Declining Volume - Double Bullish Divergence (RSI & Stochastics) - Swing High Objective DOTBTC’s immediate price action is showing strength at Local S/R, respecting this level allows us to have a bullish bias. The current resistance is the local POC, breaking this level with conviction will increase the probability of a structural higher low. Volume is on a decline which is indicative of an influx at a key trade location, currently being at one. There is a valid double bullish divergence, the RSI and Stochastics are showing a higher low in respect to price action making a lower low, again signalling strength. Overall, in my opinion, DOTBTC is a valid long with swing higher being the objective. Price Action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.
Long
by AzizKhanZamani
ETHBTC Dynamic S/R| 200 DMA| .618 Fibonacci| Declining Volume|Evening Traders, Today’s Analysis – ETHBTC- trading at a key trade location where a pivotal move is probable. Points to consider, - Price Action Higher Low - Support Zone Confluence - EMA Ribbon Resistance - Oscillators Extended - Declining Volume ETHBTC’s immediate price action is trading on its dynamic support, maintaining higher highs and higher lows in market structure. This allows us to have a bullish bias on the market. Support Zone has multiple technical confluences – 200DMA, .618 Fibonacci, and Daily S/R. A bounce here is highly probable upon first test. Immediate resistance is Daily EMA Ribbon that is in confluence with range-mid. breaking this level will likely test upper Daily S/R. Both oscillators are extremely oversold, and oversold bounce play has a high probability of occurring. The Volume profile is clearly declining, this is indicative of an influx coming to fruition when testing key trade locations. Overall, in my opinion, ETHBTC 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, “Don't blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah
Long
by AzizKhanZamani
4
THETA Ascending Triangle|Price Action |S/R Flip Retest|200 MAEvening Traders, Today’s analysis – THETAUSDT – breaking above Structural S/R with further upside potential, Local S/R , immediate target. Points to consider, - Ascending Triangle - Dynamic Support - Structural S/R Support - RSI uptrend - Declining Volume THETAUSDT’s immediate price action is bullish resembling the psychology of an ascending triangle. This allows us to have a bullish bias on the market. The Dynamic Support has held a higher lower projection, breaking structural S/R and flipping it as support currently, S/R Flip Retest. The RSI has a valid uptrend, this in indicative of strength in the market as overbought conditions are not yet met. Current volume profile is declining, an influx is likely when price expansion occurs from current trade location, and this will help avoid false breaks. Overall, in my opinion, THETAUSDT needs price acceptance above Structural S/R before a long is valid with defined risk; price action is to be used upon discretion/ management upon trade. Hope this analysis helps Thank you for following my work! And remember, “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Long
by AzizKhanZamani
OGN/USDT | Holding Structure | Support Confluence |Trade Setup Today's analysis – OGN/USDT – Consolidating at daily support as it retraces from the local swing high. Points to consider: - Strong Counter-trend - Daily/Trend Support Confluence - 21 EMA Visual Guide - Declining Volume - Oscillators Below 50 OGN USDT retracing in a strong countertrend from its previous swing high as it reverts to trend support, historically seen to be a key pivotal level. Price consolidating and respecting trend support as it coincides with daily support putting emphasis on the key level. Further price development will allow the 21 EMA to act as a visual guide, assisting in trade management. Volume is steadily tapering off indicating an influx being imminent, likely to coincide with the breakout. Both the RSI and Stochastics trading below 50; an indication of lacking strength and momentum in the immediate market. Oscillators are likely to neutralise as the trade sets up. Overall, in my opinion, price needs to hold trend support; a successful S/R flip of the 21 EMA validates a long trade to technical targets above with risk defined below daily support. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee
1
AGIBTC | Resistance Confluence | Head and Shoulders | S/R Flip Todays Analysis – AGIBTC – rejected from structural resistance, trying to bottom with probable inverted head and shoulders. Points to consider: - Multi-resistance Confluence - S/R Flip (trend reversal) - 21 EMA (visual guide) - Declining Volume - RSI above 50 - Stochastics Overextended AGIBTC currently retracing from resistance cluster where the .382 Fibonacci retracement, 200 EMA and structural resistance coincide. Thus, a successful S/R flip of the resistance cluster will be bullish and indicative of a trend reversal, also validating the head and shoulders pattern, The 21 EMA will act as a visual guide, price respecting and trading above this indicator is deemed bullish. Volume is steadily declining, a sustained increase in volume is needed and will be supportive of the S/R flip and solidity of the price action. RSI ranging above 50, establishing consecutive higher lows showing strength in the market. Stochastics currently overextended and may remain in this region for some time, however, a buy cross will indicate a momentum shift, coinciding with the possible S/R flip. Overall, in my opinion, AGI is trading at a key location where a long trade is validated upon an S/R flip re-rest with technical target being structural resistance. What are your thoughts? Thank you for following my work and development as a trader! As always, Focus on you, and the money will too!
A
by Kudiiee
1
BTCUSD Falling Wedge Breakout|Local Resistance|Declining VolumeEvening Traders, Today’s Analysis – BTCUSD – forming a falling wedge pattern that is YET to be confirmed. A break of resistance needs to come to fruition before a long trade. Points to consider, - Bullish falling wedge - Apex approaching - Demand Zone (Strong support cluster) - RSI below 50 - Stochastics projecting higher lows - Volume Declining The local trend is in a falling wedge formation that will break in either direction as the immediate support and resistance converge. The formation is bullish so the probability of breaking up is higher. BTC has a strong demand zone, a historic cluster where price is likely to wick down if the wedge breaks bearish. The RSI is currently below 50; bias is still bearish in the market, however the stochastics is projecting higher lows. Initial indication of momentum shifting in the shorter term The volume is clearly declining; indication of an influx being imminent which further solidifies that BTCUSD is in a true pattern. Overall, in my opinion, a break will occur, leading to a trade opportunity. A break bullish needs to be back with increasing volume. The technical target of the falling wedge is in confluence with the current local resistance. What are your thoughts? Please leave a like and comment, “There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” – Jack Schwager
BYBIT:BTCUSD.PLong
by AzizKhanZamani
9
BTCUSD Short - Multiple pattern and candlestick analysisPatterns 1. Harmonic Pattern shows a Bearish Crab (Bear) 2. Leaving the ascending channel at the bottom (Bear) 3. Forming a symmetrical triangle pointing upwards slightly (Bear) 4. Elliot (correction) wave ABCDE is at play which could become double or triple top or a head an shoulders (Bear) 5. Declining volume shows there's no big price changes coming (So for now remains bearish) Candlesticks 1M: Evening Doji Star (Bear) 1W: Bearish Harami (Bear) 1D: Bearish Engulfing (Bear) 4H: Bearish Engulfing as well (Bear) 1H: 3 Bearish Soldiers (Bear) _____________________________________________________________________________________ I'm purely a beginner in technical analysis. Please hit like, follow or place a comment if you wish. Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
BITSTAMP:BTCUSDShort
by AlgoSurfer
ETH - Ascending Broadening Wedge*Using Poloniex for historical data. Shorting can be done on other exchanges, Bitmex in the case of this analysis. ETH is within an Ascending Broadening Wedge for its overall history, currently having broken below the lower trend line with the Weekly 60-Day Hull Moving Average and the 175-Day HMA above it at $235. A cross of these two HMA's could occur within the next 2 weeks. According to Charles Bulkowski (can be viewed on his PatternSite website or in his Encyclopedia of Chart Patterns) the measure rule for targets of Broadening Wedges is the beginning of the formation, for which in the case of Etherium would see it go back to $1. With that, here are levels of Support to consider for targets... Measuring the move from 6/24/19 to 7/15/19, on the Weekly, as a Motive Wave gives local targets of $172/$129/$86 before reaching the December 2018 low of $74. A Short with multiple targets and a tight stop would be the best play here, with orders laddered higher than the current price, in case of an attempt to break above the lower trend line...
POLONIEX:ETHUSDShort
by BTCookieMonster
Pump or Dump?- If Bitcoin dumps from here, or even from a little higher, this could indicate the formation of a Bearish Ascending Triangle if the price retests the ascending support line. - If Bitcoin successfully breaks out from the triangle, it will be on its way to test the 200 Day Moving Average. Ascending Triangles are characterized by a series of higher lows but the same highs. The horizontal upper trendline will experience multiple efforts as price resistance. The shape of the Ascending Triangle is altered by the slope of the ascending support line which ‘converges’ or; is inclined toward, the upper resistance line. Ascending Triangles vary in their duration, but will have at least two swing highs and two swing lows in price. This continuation pattern has 3 phases: 1) Background: A Strong impulsive, thrusting action with a surge in volume & price establishes a clear picture of the controlling bearish trend direction. In our ascending triangle price pattern it is represented visually by a Pole. Deeper and more drama the better as the Pole is the Key to recognizing the potential for the continuation of the pattern. The Pole represents trend direction as well as its strength & often this pattern is initiated as a new breakdown in price from an established area & sellers are in control. 2) The second phase is a pause for consolidation of the action both in volume & price and is represented by the ascending triangle . 3) The pattern confirms as a bearish continuation pattern if the action creates a new bearish breakdown with a surge again from the bears in both volume & price.
COINBASE:BTCUSD
by MRudy