POC
$ALGO at key levelThe point of control level is $0.3005 very significant. Dating back to Algorand 's inception, this has been a key level of resistance/support. ALGO stopped nearly to the penny on the volume shelf at the bottom and bounced off it multiple times.
Previously it was resistance, now it seems to have become support. ALGO seems to be running out of sellers. Soon the bulls will take control. Targeting the $0.5380 level which would be a 50% return and the VWAP from the most recent high at $1.0172 would be a nearly 200% gain.
Algorand is green, efficient, and has extremely low gas fees (I believe it's $.001 please correct me if I'm mistaken).
AUD/CAD: High Volume Break of Structure | ShortAUD/CAD: High Volume Break of Structure | Short
> first lower low outside of structure
> POC above current price levels
> downward trend established
- Major Re-Test completed
> Very high Shadow, indicating major Bank SL-fisihing
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CAD/CHF: H4 Swing has more room to runCAD/CHF: H4 Swing has more room to run
>Upward trend confirmed after pullback
> High Volume Node below current price
> Low Volume on the way to TP
> generell CAD-strength
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GBP/CAD: Bullish Engulfing Turn SetupGBP/CAD: Bullish Engulfing Turn Setup
> Price at major support level
> Heavy Bank buying i.e. Bullish Engulfing
> POC with much room ahead
> Low Volume ahead i.e. immediate upside
> Positive GBP News released
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USD/CHF: Structural break with High Volume SellersUSD/CHF: Structural break with High Volume Sellers
> Rising supportlevel broken
> Double Top
> LL in H1 after bullish Pullback
> POC above current price
> low Volume below
> Last day's low broken
Risk: NFP Data out of the US due tomorrow. Data clearly above consensus could lead to USD-strength.
USD/JPY: BOS, CHoCh & High VolumeUSD/JPY: BOS, CHoCh & High Volume
- Break of Structure (BOS)
- Change of Character (CHoCH)
- Trendchannel upside break
- High Volume below
- POC far away, orderbook empty ahead
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EUR/JPY: High Volume breakout | LongEUR/JPY: High Volume breakout | Long
- Break of structure (BOS)
- Change in Character
- POC below current price levels
- Low Volume ahead
Perfect Bank Setup, more long potential ahead!
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AUD/CAD: High volume breakout (Long)AUD/CAD: High volume breakout (Long)
- break of bearish pullback
- POC below current price
- higher-low-higher-high WSI sequence
- Low volume Node ahead
- Little volume to TP area
Wall Street Bank buying seen.
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NZD/JPY: Wall Street Long | Bullish ConvergenceNZD/JPY: Wall Street Long | Bullish Convergence
- break of structure
- fixed range LVN
- visible range LVN
- low volume ahead
- SPX bullish, correltion high
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AUD/NZD: BOS & CHoCHAUD/NZD: BOS & CHoCH
- major trendbreak
- break of structure (BOS)
- change of character (CHoCH)
- Major support break
- POC above current price levels
- Low Volume on the way to target zone
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EUR/USD: Bullish Breakout, room to runEUR/USD: Bullish Breakout, room to run
- bullish break of inner downward trendchannel
- High Volume POC below current price
- Break of Structure after HH
- Change of Character after HH and HL
Long EUR/USD also takes advantage of the current pullback in DXY. USD-weakness supportive
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EUR/JPY: Short Tendency intactWSI KEY Reasons for Short Tendency:
- break of structure
- first lower low sind March 2022
- POC & ultra high volume sell zone
- Re-test of BOC + POC zone
- 200er MA H4 sell zone
JPY buying likely to continue during stock market sell-off. EUR weakness likely to also continue due to hesitancy of ECB to raise rates + Russia/Ukraine situation.
SLs should be set above break of struture level (see chart).
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Solana Long at the Parallel Channel low
BYBIT:SOLUSDT
Solana has been trading in a parallel channel since the 18th of May 22 and I continue my idea from yesterday that trading between the value area low, POC and daily level presents long and short opportunities if you are a scalper.
In today's video I present a plan to long when price shows strength at the Value area low for the current range
Not Financial advice. DYOR. Papertrade before using real money
CHZ Short IdeaBYBIT:CHZUSDT Order flow showing big longs that have opened at the top of the 30m candles.
Swing failure pattern rejection has happened off the Value area high and Daily resistance, also a Fib golden pocket level.
PSAR has already printed a short signal on the 15m and RSI in overbought territory. If 30m and 1hr prints sell on PSAR, this could potentially be a good trade.
Long stops most likely placed between 0.1295 and 0.13120 as it is below the swing low on the 1hr.
If price hits this zone, we will most likely see quite a few longs liquidated and a run down, possibly to the POC for a 10% gain.
T P O Chart shows single prints below this level, which means price is likely to run down without much resistance to the POC.
Ideally you would have entered around 0.13500, but Tight stops and Stops in profit if you decide to enter as price drops through the liquidation zone.
Not Financial Advice. DYOR!