Evening Traders, Today’s analysis – DOTBTC- trading above local, maintain these regions is bullish in the immediate terms, Points to consider, - Price Action Bullish - Local S/R Support (.382 Fibonacci Confluence) - Daily S/R Target - Declining Volume - RSI Bullish Control DOTBTC’s immediate price action is being accepted above Local S/R, this allows us...
Evening Traders, Today’s analysis – USDCHF- deviating back into its trading range with an impulse above range mid, further upside probable. Points to consider, - Price Action Impulsive - Local S/R Support (.50 Fibonacci Confluence) - Range High Target - RSI Neutral - POC Resistance USDCHF’s immediate price action is impulsive above range low, allowing us...
Evening Traders, Today’s analysis – BURGERBNB – Trading above Local S/R, price has been accepted with further upside potential. Points to consider, - Price Action Impulsive - Local S/R Support (21MA Confluence) - Swing High - RSI Bullish Control Zone BurgerBNB’s Immediate price action is trading above Local S/R in confluence with the 21 MA. This allows us...
Evening Traders, Today’s analysis – CRVUSDT- establishing a confirmed trend change from is local double bottom, further upside probable. Points to consider, - Price Action Bullish - Daily S/R Support - .50 Fibonacci/ 200 MA ( lower high region) - RSI Bullish Control Zone - Volume Influxes CRVUSDT’s immediate price action is bullish above Daily S/R,...
Evening Traders, Today’s second analysis – GBPUSD- flipping Structural S/R where a back test must hold for a bullish bias, Points to consider, - Bullish Price Action - Structural S/R Support - Local S/R Resistance - Oscillators Bullish Control - Volume Declining GBPUSD’s immediate price action is bullish breaking Structural S/R, a confirmed S/R Flip...
Evening Traders, Today’s Analysis – MATICUSDT- trading in a falling wedge pattern where a break bullish is probable. Points to consider, - Price Action Apex - Local S/R Resistance (.382 Fibonacci Confluence) - Daily S/R Support - Oscillators Neutral - Low Volume MATICUSDT’s immediate price action is trading in an apex, a break will be imminent. The...
Evening Traders, Today’s second analysis – CADJPY- bearish breakdown with local S/R target, Points to consider, - Bearish Price Action - Local S/R Resistance (Bearish Retest) - Declining Volume CADJPY’s immediate price action is bearish, breaking down below local S/R. This allows us to have a bearish bias on the market. Any rallies are now technically...
Evening Traders, Second Analysis – SPY – trading in a valid rising wedge where a breakdown bearish is probable. Points to consider, - Price Action Apex - Local S/R Resistance (.618 Fibonacci Confluence) - POC Confluence (Local S/R Support) - RSI Divergence SPY’s immediate price action is trading close to its apex where a greater probability of breaking...
Evening Traders, Second Analysis – RENUSDT – trading in a local range with defined boundaries, range low likely to be tested. Points to consider, - Range High Resistance ( 200 MA Confluence) - Range Low Support - Price Action Bearish Retest - Volume Climax RENUSDT’s immediate price action has established a bearish retest, allowing us to have a bearish on...
Evening Traders, Today’s Analysis – GBPJPY- breaking bearish from its ascending channel, downside momentum probable. Points to consider, - Bearish Price Action - Channel Support Broken - Daily S/R Support - Local S/R Resistance - Resistance Confluence GBPUSD’s immediate Price Action is bearish by breaking ascending channel support, this allows us to have...
Evening Traders, Second analysis – EURNZD- breaking out of Daily S/R where a retest is probable before continuation, Points to consider, - Trend Bullish (Swing High) - Daily S/R Support (.50 Fibonacci Confluence) - 200 MA immediate resistance - RSI above 50 - Stochastics Buy Cross - Local S/R Target EURNZD’s immediate trend is bullish with a new swing...
Evening Traders, Today’s analysis – NEOUSDT- price is closing on its apex where a break to the upside is probable. Points to consider, - Trend falling wedge - 200 MA Support (.618 Fibonacci Confluence) - Range-Mid Resistance - Oscillators Neutral - Volume below average NEOUSDT’s immediate price action is trading in a falling wedge. This typically is a...
Evening Traders, Today’s analysis – BTCUSD – trading in a probable ABC correction, with a lower high yet to be confirmed, further data will confirm trend direction. Points to consider, - Weekly S/R (key support) - Bearish PA - .50 Fibonacci (bearish retest) - Bear trend confirmation (weekly S/R) BTCUSD’s trend will be dictated on the weekly S/R, currently...
Repost** Evening Traders, Second analysis update – AUDCAD- Price testing weekly S/R after an oversold bounce play, correction at this point is likely as this is a technical trade location. Points to consider, - Oversold bounce play - Weekly S/R Pivot (Resistance) - Local S/R Flip Retest - Technical Bearish Divergence - Evident Volume Climax AUDUSD had an...
Evening Traders, Analysis on - NZDJPY –any rallies are to be sold into on the daily, technical points to consider. - Range high deviation - Valid bearish retest - Bearish PA - 200 DMA Support Price breaking impulsively from range high is quite bearish; a weak bounce will signify follow through to the downside. Price action is likely to put in a bearish...
Evening Traders, Today’s analysis – KNCBTC- valid long into local S/R, following technical points to consider, - Dynamic support holding - Daily S/R (Support) - Local S/R (Resistance) - Oscillators Technical Divergence - Declining Volume KNCBTC is in a technical pivot point on the chart, price action is consider bullish as it is holding daily S/R. Local...
Evening Traders, Today’s analysis – XTZBTC – reclaiming its range, a retest of support will allow for a long entry with defined risk. Points to consider, - Immediate trend bullish (consecutive higher lows) - Range support confluence (.618 Fibonacci) - Range resistance target - Oscillator neutral - Volume below average - Long retest (risk defined) XTZBTC’s...
Evening Traders, Today’s trade analysis – BTCUSD traveling into its apex, a long trade is valid upon breaking local resistance. Points to consider, - Macro trend bearish - Dynamic support respected - Local resistance converging - RSI respecting trend (overlying resistance) - Volume below average - Valid long with defined risk BTCUSD’s macro trend is...