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KAVA Analysis: Navigating the Range🔍Bitcoin's dominance is creating market uncertainty, resulting in low volatility for many altcoins, including KAVA. KAVA is a project within the Cosmos ecosystem, known for its significant staking activity, leading to smoother price movements. 📆 Coin of the Day: KAVA About the Project KAVA is a project within the Cosmos ecosystem, known for its significant staking activity which leads to lower volatility and smoother price movements. 🧩 Technical Analysis 4-Hour Timeframe This analysis focuses on futures trading, examining different scenarios. ♟ Support and Resistance: KAVA has primary support at 0.6216 and primary resistance at 0.7036. The major resistance level is at 0.7725, while a significant support level is at 0.6216. The market is currently ranging between 0.7036 and 0.6495, making it challenging to trade within this range due to the fixed range volume profile. 📉 Bearish Scenario: If the price breaks below 0.6216, the next bearish target is 0.5572. This level becomes significant for confirming a new bearish phase. 📈 Bullish Scenario: If the price breaks above 0.7036, we can look for a target at 0.7725. Confirmation of bullish momentum would be crucial for entering a long position. 📊Volume Analysis The volume is currently ranging with a slight sell momentum. Significant buy volume is needed to break the resistance levels, and increased sell volume is required to break the support levels. 👨‍💻 Trading Positions 🪄Long Position Primary Entry Trigger: Break above 0.7036 Strategy: Open a position on the break of 0.7036 and wait for confirmation from the price to set the target at 0.7725. Consider taking partial profits at 0.7725 and adjusting stop loss to entry. 💣Short Position Primary Entry Trigger: Break below 0.6216 Strategy: Open a position on the break of 0.6216 as this is a very critical level in the market. Target the next support at 0.5572. Adjust stop loss based on price action. 📝 Summary: KAVA is currently ranging within key support at 0.6216 and resistances at 0.7036 and 0.7725. Traders should watch for breaks of these critical levels to open positions. The fixed range volume profile indicates significant trading activity between 0.7036 and 0.6495, making trading within this range challenging. Long positions should be considered above 0.7036, while short positions should be considered below 0.6216. Always keep an eye on Bitcoin's market conditions as it significantly influences KAVA's price action. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
📈GAL Coin Analysis: Potential Long and Short Opportunities💎🔍Today is Monday, and as mentioned yesterday, the market tends to experience reduced volatility on holidays, making it advisable to refrain from opening new positions and take a break instead. Despite the minor fluctuations seen in the market today, none of the triggers were activated for initiating positions due to the limited volatility. ⚡️In today's analysis, we will focus on GAL coin, associated with the project Galexe, a decentralized platform facilitating interactions between projects and their communities, enabling distribution of airdrops, rewards, or NFTs seamlessly. The GAL coin has experienced a significant uptrend, especially driven by its growing website and collaborations with new projects. Currently, on the weekly timeframe, GAL is consolidating, while on the 4-hour timeframe, a downward trend is evident. ⏳In the daily timeframe, a descending trendline indicates a bearish bias, but considering the bullish nature of GAL on the weekly timeframe, a new uptrend may be underway, potentially impacting even the daily and weekly structures positively. The trigger for confirming this trendline is at 3.872, which may take considerable time to materialize. 📈From another perspective, recent candles breached the support at 3.33 but failed to establish below it. Following a brief consolidation around 3.124, the price reversed upwards, indicating a possible fakeout of the support. Typically, after a fakeout, re-entering the range can lead to a move towards the range high. Therefore, we can consider seeking long positions. The primary resistance for initiating this new uptrend is at 4.829, although the current price range is between 3.33 and 3.872. Since the support at 3.33 has been faked, and the price returned within the range, we can expect it to reach 3.872. Hence, a reliable trigger for long positions is at 3.447, which coincides with the POC (Point of Control) in the fixed range volume profile, suggesting significant selling pressure in that area. If buyers manage to absorb the selling pressure and establish above this level, it indicates their strength, providing an opportunity to join the uptrend. ✨Moreover, the breakout of the RSI resistance at 54.49 can further confirm the bullish momentum. However, it's essential to note the low volume of the bullish candles, indicating weak buying pressure. Therefore, entering long positions requires caution due to the high-risk nature of the trade. It's advisable to enter smaller timeframes like 1-hour or 15-minute charts with a tight stop-loss and aim for a quick risk-to-reward ratio of 2. 📉For short positions, the bearish trend offers a more straightforward approach. The weakening bullish momentum is evident from the decreasing size of the upward candles, indicating diminishing buying pressure. A critical level for short positions is at 3.447, where a small range box formation on lower timeframes can provide a favorable entry point. Managing short positions can be approached in two ways: setting a small stop-loss with a risk-to-reward ratio of 2 or 3, or waiting for the breakdown of the support at 3.124, depending on the market conditions. 📝In conclusion, GAL coin presents potential opportunities for both long and short positions, but traders must exercise caution and adapt their strategies according to the market dynamics. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
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by itsparham96
📈MANA Analysis: Identifying Entry Points❗️🔍Today presents an opportune moment for opening positions as the market structure offers potential entry points upon breaking support or resistance lines. Bitcoin's rejection from $64,437 yesterday prompted altcoins to establish lower resistance levels. One such altcoin is MANA, representing the Decentraland project, which, despite previous bullish rallies, now offers a favorable entry opportunity. While the project's fundamentals are significant, our focus lies solely on pinpointing entry points for futures trading. 🎯In line with my preferred strategy, the classic technical analysis approach of identifying breakouts serves as the cornerstone. Personally, I've found this strategy combined with prudent capital management to be remarkably effective. However, it's crucial to acknowledge that each trader must develop their own tailored strategy, as no two traders' nuances can be identical. 📉For a short position, the breakout below the POC fixed range volume profile, while overlapping with short-term support, could provide a low-risk entry. Nonetheless, the primary entry point remains at $0.4056. If entering a position following the POC breakdown, I recommend aiming for risk-to-reward ratios of 2 or 3, aligning with previous analyses' emphasis on lower ratios until major triggers for long or short positions emerge. 📈Patience is key for a long position, waiting for the breakout of the descending trendline and activation of the trigger at $0.4557. In this scenario, a short-term scalp position can be taken. However, refrain from expecting high risk-to-reward ratios until breaking out of the primary box, focusing on ratios of around 2-3 until $0.4977 is surpassed. 🎲Maintaining minimal exposure within the $0.4056 to $0.4977 range is advisable. When entering positions, particularly during the breakdown of major triggers, closing positions upon signs of price reversal is prudent. In case of box breakdowns, the initial low-risk target is $0.3325, followed by $0.5662. However, it's paramount to exercise patience and observe price signals before closing positions post-trigger breakdown. 💥While RSI may not be applicable in a ranging market, it can serve as a helpful tool for setting targets and securing profits. Avoid closing positions if major triggers are breached and RSI enters overbought or oversold territory, as significant price movements may follow. 📊During position entry, monitor candlestick volumes, ensuring alignment with the intended position direction, and avoid entry during divergence. 📝In conclusion, today's analysis underscores the importance of a strategic approach tailored to individual trading styles. By adhering to well-defined entry and risk management protocols, traders can navigate market fluctuations effectively. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
📈MATIC Analysis: Waiting for Box Breakout in 4-Hour Timeframe🚀🔍Today's market saw a notable rebound from a crucial support level, reaffirming the buying opportunity for investors keen on sustaining prices above this support. As emphasized in previous analyses, the breach of this support and subsequent consolidation below it would likely signal a bearish trend, making position opening challenging until proximity to this support. ⚡️Currently, Bitcoin has undergone a minor upward correction, with altcoins also nearing the upper bounds of their respective boxes. The coin under scrutiny today is Matic (MATIC), with analysis focused on the 4-hour timeframe. Matic is currently confined within a box ranging from 0.6449 to 0.7491. 🔔Utilizing the volume fixed range profile indicator reveals balanced volumes within the box, suggesting a prudent approach of waiting for a breakout before considering positions. Therefore, the entry point for a long position is at 0.7491, while for a short position, it's at 0.6449. 📈For long positions, consider targeting the area around 0.8685, a strong supply zone where price rejection may occur. Conversely, for short positions, 0.5057 serves as a suitable target, offering robust support and aligning with the 1 Fibonacci extension. ✅However, the optimal exit strategy entails waiting for a trend reversal before exiting the position. This advanced approach necessitates a deep understanding of market dynamics and significant trading experience. 📊Additionally, dwindling volumes indicate waning trader interest within this range. When traders, especially those with significant trading volumes, are disinterested, it's prudent for others to refrain from trading. 💎For RSI confirmation, breaking above 64.27 could serve as a signal for long positions. However, given the market's lack of momentum, reliance solely on momentum indicators like RSI may not be advisable. 📝In conclusion, exercising patience for a breakout from the current box range is prudent for Matic traders, with strategic entry and exit points crucial for successful trading amid prevailing market conditions.
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by itsparham96
📈 Ethereum Market Analysis: Navigating the Range Box🔍Let's dive into today's market analysis! Overall, the market is still range-bound, but there has been a minor downward correction since yesterday. It seems like we're experiencing a correction of that minor dip today, but in reality, all these movements are happening within a range box, and they don't hold much significance in determining the long-term trend. Ethereum (ETH) was an exception yesterday, briefly dipping downwards before re-entering its short-term range box. 🔄If we look at it from a scalping perspective, Ethereum is currently within a range box from $3111 to $3167. However, this box is quite small and is more meaningful in the 1-hour timeframe rather than the 4-hour one we're analyzing. In the 4-hour timeframe, the price is within a larger box from $2899 to $3283, and we don't have a clear trend to rely on for trading. So, until a trend emerges, we're forced to reduce our targets and not expect sharp, dramatic price movements. If you're comfortable with short-term trading and not seeking high risk-to-reward ratios, you can trade within this range. But if you're only comfortable with high risk-to-reward ratios, I suggest you wait until the daily box is broken for a sharp move. 📈For a long position, if you're a scalper and can control yourself in lower timeframes without getting too excited, you can enter a long position after breaking $3167. However, be mindful that, as I mentioned, you shouldn't expect high risk-to-reward ratios. The confirmation for this area would be the midline of the RSI, or 50, coinciding with the break of $3167. However, keep in mind that currently, the SMA25 is above the candlesticks, and the ideal scenario for this position is for the SMA25 to be broken and for the price, when breaking $3167, to play the role of support rather than resistance and cause the price to rise. The area where the price dipped is also the Point of Control (POC) of the fixed range volume profile, which is another confirmation that the price has strong support. For a more confident long position, wait for the price to reach $3283 and see its reaction. 🎯If the market experiences a decline, our first trigger is $3111, but the point to note here is that just below this area, we have the POC, which is a very important area and may prevent the price from coming down easily and hitting the target, maintaining momentum. So, I recommend waiting for the price to reach the support range we had previously and, based on its reaction, finding its trigger. Lastly, keep in mind that today is Sunday, and the volume is very low. Overall, because we're inside a range box, traders are trading less, resulting in low market volume. So, if I were you, I'd reduce my risk a little to avoid losing the profits I've made in these days. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
📈 Market Analysis of APT in the 4-hour Timeframe🚀🔍The market is currently still consolidating, and we've reached the bottom of the range box. We're waiting to see if the price will continue to move upwards within this range or if it will finally break out of the box and move downwards. Given the sensitive nature of the market, we're examining the 4-hour timeframe to identify potential triggers for trading opportunities. 🌐Over the past two days, the market has been moving downwards, and some coins, including APT, have reached the bottom of their range boxes. In general, we're dealing with a range-bound market where participants are gradually being eliminated with each touch of the box's ceiling or floor. This is a natural characteristic of the market, similar to how consistency and perseverance lead to success in personal life or any other profession. 📉Now, let's delve into the analysis of APT based on price action. Since April 12th, APT has reached the bottom at $8.69 and corrected to the 0.5 Fibonacci level, which is approximately equal to the resistance at $10.23. This range between $8.69 and $10.23 has persisted, and we've now reached the bottom of the box. The volume has been decreasing over time, which is natural as traders gradually exit the market. 🔄The RSI has also moved out of the oversold territory and is currently resetting, potentially confirming its trigger after the breakout. 🎯After analyzing the candlesticks, we need to identify entry triggers. There's a significant support level at $8.69, which could push the price back up. If the price returns from here and moves upwards, $9.14 could serve as a suitable trigger for scalping towards the box's ceiling. However, traders should be quick to take profits and not expect a risk-to-reward ratio higher than 2 to 3. If $8.69 fails to hold the price and is broken, we can expect the price to establish new lows. 📈For a long position, the primary level to watch is currently $10.23. However, if the price reaches this range and shows a different reaction, traders can consider opening positions based on the new trigger. 💰Regarding higher volume, it's decreasing over time as traders exit the market. However, with the fixed range volume profile, the Point of Control (POC) overlaps with $9.14, which could push the price downwards and break $8.69. On the other hand, high trading volume in this area could lead to significant buy orders, resulting in a large candlestick and reaching the box's ceiling. ⚡️For RSI, the oversold level is currently at 28.63, and I'm not considering 30 as oversold for now. For a long position, breaking $9.14 could coincide with breaking 39.2. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
📈Market Volatility:STX Potential Trading Opportunities⚡️🔍In today's ever-evolving crypto landscape, marked by its characteristic volatility, it's imperative to conduct a thorough examination of potential trading opportunities. Focusing our attention on STX, a project with substantial potential within the realm of Bitcoin's second-layer solutions, we embark on a detailed analysis aimed at identifying strategic entry points amidst market uncertainties and fluctuations. 🌐STX's price action, observed through the lens of historical performance, reveals a compelling narrative. Having demonstrated an impressive uptrend, the recent retracement from the $3.7084 peak has given rise to a consolidation phase. This consolidation, encapsulated within a range-bound pattern, underscores the current state of market indecision. 📊Employing technical indicators such as Fibonacci retracements, we discern critical levels within STX's price structure. The retracement to the $2.2197 support level, coinciding with the 0.5 Fibonacci level, serves as a pivotal juncture for potential bullish momentum to resume. Furthermore, the SMA25 indicator, acting as a dynamic resistance level, adds another layer of significance to our analysis, warranting close observation as price dynamics unfold. 💡In devising entry strategies, a judicious approach is paramount given the prevailing market conditions. While awaiting confirmation of a breakout above the golden zone presents an opportunity for traders seeking higher probability setups, alternative entry points exist at key resistance levels, notably $3.0863 and $3.7084. However, it's crucial to underscore the inherent risks associated with trading during periods of heightened volatility, necessitating stringent risk management protocols to mitigate potential losses. 📈Delving into volume analysis, the point of control (POC) within the fixed range profile emerges as a critical metric, offering insights into price involvement and market sentiment. As market participants await further clarity, a cautious sentiment prevails, urging traders to exercise prudence and patience in their trading decisions. 📉Zooming out to a broader perspective, STX's long-term trajectory warrants consideration. While short-term fluctuations may present trading opportunities, adopting adaptive strategies capable of navigating evolving market dynamics is essential for sustained success in the volatile cryptocurrency landscape. In conclusion, as we navigate the intricacies of STX's market dynamics, a holistic approach encompassing technical analysis, risk management, and sentiment considerations is indispensable. By remaining vigilant, adaptable, and disciplined in our trading endeavors, we position ourselves optimally to capitalize on emerging opportunities while mitigating potential risks. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Long
by itsparham96
📈Bitcoin Analysis: Market Outlook for the Week👑📈 BTC Technical Analysis - Weekly Outlook 📈 As traders return to the market on this Tuesday, the first day of the trading week, let's delve into the analysis of Bitcoin (BTC). With Bitcoin analysis lacking for the past eight days and most of last week's focus on spot trading, it's opportune to switch gears and explore Bitcoin's potential for day trading in the futures market. 🔍Bitcoin remains within the range of $73,305 to $60,850, demonstrating resilience even amidst geopolitical tensions between Iran and Israel. Although a selloff briefly breached the $60,850 support, the market swiftly bounced back within the range. Currently, it faces minor resistance at $66,413, denoted in gray. A breach above this level could lead to a potential rally towards $71,277. Conversely, a rejection at $66,413 may signal seller dominance, potentially breaking below $60,850 and initiating a corrective phase. 📉Despite geopolitical concerns, the cryptocurrency market sentiment remains positive, suggesting that the market may not be overly speculative. Smart money typically enters the market when retail investors, lacking financial literacy, flood in with substantial investments. However, the market is not yet at a level of excessive speculation where such influxes occur. 📊Volume analysis is inconclusive due to the lower trading volumes typically observed during weekends and Mondays. However, recent bullish 4-hour green candlesticks exhibited promising volume, while red candle volumes remained relatively subdued. Additionally, the RSI indicator broke through a crucial resistance at 58.44, signaling a bullish trend, potentially providing confirmation for entry positions. 💡For entry positions, consider the $66,413 resistance level, currently under scrutiny. A break above this level, confirmed by candlestick validation, could present a viable entry opportunity. Alternatively, patience is advised for a retest of the $60,850 support level or a formation of a new market structure before committing to positions. 📝As we navigate the Bitcoin market this week, it's essential to remain vigilant and adaptable to changing market dynamics. The $66,413 level serves as a critical juncture, potentially determining the short-term direction of Bitcoin. Stay tuned for further updates and trading insights. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
📈Ethereum: Crucial Levels and Momentum Trends🔥🔍Today's analysis focuses on Ethereum in the 4-hour timeframe, specifically for futures trading. Taking an overview, we find Ethereum trapped within a range between 3235 and 3645, experiencing a false breakout from the upper boundary yesterday before reverting back into the range. 📊The volume of red candles has been increasing since yesterday, indicating current momentum favoring sellers. Presently, the price has reached the Point of Control (POC) on the fixed range volume profile, prompting scrutiny for potential reactions at this level. 📈For long positions, patience is advised until the price revisits 3645 and exhibits a response. This will help identify our main resistance level, and upon breaking it, entering a long position could be considered. 📉Regarding short positions, a break below the 3235 zone seems opportune. If you are a range trader, entering a short position after breaking the POC could lead to a target at the bottom of the range. 📝By incorporating these observations and strategies, traders can make informed decisions amidst Ethereum's current market conditions. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
📈Weekend DOT Dive: Riding the Volatility Wave💎🔍As it's Friday, with just one day left in the trading week, it's crucial to consider closing positions before the week's end to mitigate weekend volatility.Today's focus is on DOT, exhibiting a clear Dow Theory analysis. Currently, it finds support at $8.712, with a significant resistance level at $10.349, aligned with the POC of the fixed range volume profile. 📈Given the bullish daily and weekly trends, we can explore long-risk triggers. The current ceiling stands at $9.483, and a breakout could signal a long entry. 📉For short positions, we look to the Dow Theory's recent low at $8.712, aligning with its descending trend. 📊While volume is declining, this can be attributed to the overall corrective nature of recent declines on the weekly timeframe, suggesting the potential for an upward reversal at any moment. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
📈Atom's Weekly Breakout Watch: Chart Signals Bullish Momentum⚛️🔍In the weekly timeframe, Atom's price action has remained within consolidation since May 2022, without a breakout for over 660 days. However, recent developments show a significant breakout of the trend line, supported by confirmation signals based on Dow Theory principles in the preceding candlestick. 💎The Fixed Range Volume Profile indicator complements the Dow Theory trigger, confirming the uptrend with increasing volume. 💥Furthermore, the RSI oscillator has breached the 65.11 level and reached the overbought zone around 70, indicating potential heightened volatility. ✨Despite these bullish signals, Medium Wave Cycle (MWC) and High Wave Cycle (HWC) ranges continue to exert influence, with a robust supply zone observed between 14.6 to 16.2, posing resistance even against all-time highs. 🛒For traders seeking aggressive positions, entering a long position upon the close of the current candle or in the spot market may be viable. Alternatively, conservative traders may opt to await price reaction within the supply zone and confirm the trend in subsequent candles. 📉In the event of a reversal from the supply zone, potential buying opportunities may emerge within the range of 9.5 to 11, pending confirmation of candlestick patterns.
Long
by itsparham96
📈DYDX: Is it finally breaking out?🔥🔔🔍DYDX is finally breaking out of its consolidation range after 672 days. The price is currently trading above the supply zone and is supported by a well-defined curve. This could be the start of a parabolic move. ✅The fixed range volume profile indicator shows that we have broken out of the high-volume zone and are ready to start moving. The SMA25 indicator is also confirming the move and is moving along with the price. 🛒The current candle is a good opportunity to buy spot. We can enter after the candle closes. The stop-loss should be placed at $2.5, which is the previous low and the POC of the fixed range volume profile. 🚀For targets, I am looking at $7.8 and then $23.7 (ATH). However, I will not place sell orders now. I will wait and see how the price reacts to these levels. 📊One positive thing about this coin is that the volume has increased significantly during the recent move. This shows that traders are paying more attention to this coin. 💥The RSI oscillator is also entering the overbought zone. This increases the chances of a parabolic move. However, with the high buying volume, we can expect this move to be upwards. 🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
1
BITCOIN NEW All Time Highs Soon!!!Value Area High of previous bullrun has officially been broken through!! There's not too much left stopping Bitcoin from reaching ATH's! Let The Fun Begin! Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
BYBIT:BTCUSD.P
by Navitility
GRT analysisIn the 1-hour chart, I analyze the fixed range volume profile for over 2 months. The highest trading volumes are clearly visible, which also makes the prices strong points. At the moment, it is at a support point, but if the downward trend of the last few days is followed, it is highly likely to rebound to the price of 0.1245 euros and then we may have an inflow of capital to go to the next strong level which is 0.1741 euros. If there is low volatility, and thus small trading volumes for the next few months until the halving, it is likely to consolidate at prices close to this level or even to the one below. From my experience with GRT, it will follow the latter.
by chrisknsts
Weekly Price Prediction: $78.00 (Min) and $87.50 (Max)Most of the technical analysis from last week still stands true but I have added a new Fixed Range Volume Profile from the last peak and a resistance line from there as well. Projected Price Range The anticipated weekly price range for Brent Crude Oil is expected to fluctuate between $78.00 (Min) and $87.50 (Max). Contended Price Levels $81.00 - $78.00 High Volume Node - Potential Support $81.00 - $83.00 Resistance Lines - potential resistance $84.50 Point of Control - potential resistance Technical Analysis Fibonacci Retracement Breakout: The price is above to hit the 0.5 Fibonacci retracement level which could indicate a level of resistance. Volume Profile Analysis: The Fixed Range Volume Profile from last week still stands. As you can see the price went down to the bottom High Volume Node (HVM) and found support. Point of Control (POC): Identified at $84.50, indicating a level of potential future resistance and good liquidity. High Volume Nodes (HVM): Bottom HVM: Signifying an area of good liquidity and a potential support region, preventing a rapid decline from the 0.5 Fibonacci breakout. Upper HVM: Acting as both a resistance level and a zone where the price has historically stalled after the first peak. Low Volume Node (LVM): Reflects a lack of liquidity, leading to rapid price movements. Notable price fluctuations occurred between October and November in this region, ranging from $91.00 to $87.00 and back up to $90.00. MACD and Stochastic RSI: Last week the stoch RSI (Bottom indicator) crossed over but the price then declined but as you can now see the RSI is showing higher lows and higher highs suggesting there is a good trend of price moving upward. This is further expressed by the MACD (top indicator) not having crossed over yet, but about to, showing a reason for bullish movement. Additional Factors Prior Support/Resistance (Blue Line): Just above the Bottom HVM, a blue line represents a prior support/resistance level. This is now a potential resistance level as the price seems to be reaching there. Above the price, there is also another resistance level shown by a blue line that's drawn from the peaks of the latest peak to the trough. Geopolitical Events: Given the volatile nature of the commodities market, traders are advised to stay vigilant regarding any geopolitical events in the upcoming week, as these events can significantly impact oil prices. Conclusion In summary, our analysis reaffirms the high volume nodes (HVN) as robust support levels, supported by the encouraging indications from the MACD and Stochastic RSI favouring a potential upward price movement, targeting the breach of the point of control (POC) towards the low volume node (LVN) level. However, prudence dictates a cautious stance due to the presence of two distinct resistance tiers and the historical resilience demonstrated at prior POCs. Consequently, we've expanded our projected price range to accommodate these intricacies. Traders are advised to exercise caution by implementing tight stops, recognising the market's potential for fluctuations within this nuanced landscape
OANDA:BCOUSD
by BlackbearTrader
Mastering Crypto Trading with Fixed Volume Range Profile 📊🚀Fixed Volume Range Profile (FVRP) is a powerful tool for crypto traders seeking deeper insights into market dynamics. It allows you to visualize price and volume data in a unique way, helping you make informed trading decisions. In this comprehensive guide, we'll walk you through the fundamentals of using Fixed Volume Range Profile for trading cryptocurrencies. Understanding Fixed Volume Range Profile (FVRP): FVRP is a graphical representation of price and volume data within specific price ranges. It divides the trading range into equal volume intervals, providing a snapshot of where most trading activity occurred. Key elements of FVRP include: Price Range: The trading range under consideration, typically from a few hours to several days. Volume Intervals: Equal-volume increments within the price range. Profile Bars: Vertical bars representing the volume distribution at each price level. How to use it ? 1. You need to open any stock/crypto/indices that you want . 2. Look at screenshot to open this tool 👇 3. Attach first point to the start of impulse (Highest point before trend change) and second to the end of impulse (Lowest point of impulse) . Or identify biggest trading volumes in a range 👇 Some more samples 👇 Using FVRP for Crypto Trading: Now, let's explore how to utilize Fixed Volume Range Profile for crypto trading: 1. Identifying Key Levels: Start by selecting the cryptocurrency and the specific timeframe you want to analyze. Plot the FVRP on your chart. This will create profile bars within the specified price range. Pay attention to areas where the profile bars are the tallest or thickest. These represent high-volume nodes and are crucial support/resistance levels. 2. Trading Signals: High-Volume Nodes: When the price approaches a high-volume node, it often acts as strong support or resistance. Look for potential buy/sell signals near these levels. Gaps: Gaps between profile bars indicate a lack of trading activity in that range. Breakouts from these gaps can signal strong price movements. 3. Combining with Other Indicators: To enhance your trading strategy, consider using FVRP in conjunction with other technical indicators like Moving Averages, RSI, or MACD. Confirm your signals with multiple indicators to reduce false alarms. 4. Risk Management: Always use stop-loss and take-profit orders to manage risk. Determine your position size based on your risk tolerance and the distance to your stop-loss. 5. Monitoring Market Sentiment: FVRP can provide insights into market sentiment. For example, a concentrated volume node near a resistance level may indicate strong selling pressure. 6. Backtesting: Before trading with real capital, practice using FVRP on historical data to refine your strategy. Conclusion: Fixed Volume Range Profile is a valuable tool that empowers crypto traders with a unique perspective on market data. By identifying key support/resistance levels, gauging market sentiment, and combining FVRP with other indicators, you can make more informed trading decisions. However, remember that no single tool guarantees success in trading. Always approach the market with caution, practice risk management, and continuously educate yourself to stay ahead in the ever-evolving world of crypto trading. 📊💹🚀
Education
by AlexWhale
XRPBTC Possibly The Most Bullish Chart In Crypto!I applied the fixed range volume profile tool to the history of XRPBTC pair on Bittrex on a weekly timeframe. It shows a very well defined clear level of support and resistance formed by the POC. This has to be the most bullish chart out there. No doubt once XRPBTC breaks out of this zone, it will significantly outperform BTC. This is a regular scale / nonlogarithmic chart, which I think gives you a better image of what XRP can do once it breaks out of this range.
Long
by jaepayne
Fixed Range Volume Profile, How do I use it?I can say that Fixed Range Volume Profile is strong tool to determine targets and stop loss, POC point of control as per my research represent a central price and bar close price is turning around it, so when you assign take profit and stop loss as per it, you reduce the risk and have a plan B to manage your trade. as you see in above chart for BTCUSD, we have trend line on daily time frame, I cut the chart to 3 successive zones representing 3 cycle, 1 cycle is from the trend to trend and applied "Fixed Range Volume Profile" on all 3 ranges/cycles, last cycle has not finished yet, and I show POC1, POC2 and POC3 prices. I consider this line as central price for a range and we can see how price keep moving above and down POC1 & POC2 prices. for the last range/cycle (not completed yet because it has not reach the uptrend line yet, we see POC3 = $30,200 and the current price $29,590 so price is under POC3 and we can guess it is going to trend at approximately $27,750, this is 1st hint. 2nd hint is to take "Fixed Range Volume Profile" for the all uptrend, did you notice it? I think the price is going to POC(all range) = $28,300 (support) Now we came to the best part of our subject, the what if question and how to set up a plan?: what is stop loss? we need a 1H bar close above POC3= $30,200+100= $30,300 (resistant) and we buy target $31,380 (you should know why!) and for stop loss, we need close price 1H again down $30,200 what is take profit? we can set $28,300 for safe and $27,750 if you want to risk a little bit, this is first target, but what if bar 4h close down POC= $28,300? here we can set a 2nd take profit at $26,400 (you should know why!) this is what I wanted to share with you and I will be glad to answer your questions. I did go short for BTCUSD this morning, enter price $29,165 and I set a take profit at $29,322 because I am working on 15 min timeframe.
INDEX:BTCUSDEducation
by Eymen-GUVEN
2
BTC are within POC monthly, but there are risk for it tooFrom the chart, i've used the Fixed Range Volume Profile (FRVP) and from monthly chart it shows that Bitcoin is in Bullrun position, also at the price range of 17k to 22k are inside the Point of Control (POC) area that might explain why there are sudden bullrun recently. This area might be a rebound area for the price to continue bull run, but there are also some risk that if the market turn into another bear than i expected that Bitcoin will fall maximum at 14,5k area. Finger crossed🤞, lets hope for the best
by armenakom
ETHUSDT - Bullish Volume +20% LongSETUPHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 I hope you had a great weekend ! We're waking up today seeing altcoins gaining ground on BTC. This is a good sign, alts like ethbtc holding their ground whilst BTCUSDT slides lower. This indicates a rotation from liquidity (money) out of Bitcoin and into altcoins. Today's analysis is on ETHUSDT and we're taking a look at the fixed range volume profile tool. This provides us with a POC (point of control) which we can use to determine a potential short term target and a bullish long-setup that could reward 20%. While you're here 👀 Check out other altcoins with great potential that I'm watching for the last few months of this year: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
21