ETHUSDT Daily Time-Frame Parabola – Swing High Objective Points to consider,
- Bullish Order Block Respected
- Weekly S/R Flip Confirmation
- Swing High Clear Objective
- RSI Bullish Control Zone
ETHUSDT, maintaining its consecutive Higher Lows in a Price Action Parabola, no valid Volume Climax’s are present which is indicative of further upside potential. Price Action as of now has a greater probability of testing this recent S/R Flip Zone, allowing for long biased entries.
ETHUSDT Price Action Chart
Preluding to the chart above, Price Action is in a clear strong Bullish Volatility Expansion with successive Higher Highs and Higher Lows being established. This is indicative of a strong bull trend that is backed with bullish volume impulses, evident on the Volume Profile. The initial Order Block was back tested, confirming an S/R Flip Retest that led straight into the All-Time High region.
Price Action failed to break its All- Time high on three consecutive attempts, each rejection lead to a Higher Low, again proving resilience in Ethereum at the time. On the fourth attempt, a Bullish Engulfing candle successfully broke the resistance that led a strong impulse towards a new high.
As of current, Price Action is still trading in discovery with an established Swing High being set as the current objective. Taking this level out with increasing volume will greatly increase the probability of continuing this current Parabola. Higher targets will be associated such as the key Psychological $2000 level.
ETHUSDT Daily RSI
Observing the present RSI, we can see a healthy deviation back into its Bullish Control Zone from Overbought Conditions. This has reset the RSI into more of a neutral zone where holding these regions is deemed highly bullish. Penetrating the lower Bearish Control Zone will signal a potential correction for Ethereum as this has not occurred through the entire Bull Run.
To conclude, ETHEREUM remains highly bullish with the immediate objective being the Swing High. Price Action is trading in a clear Parabola that has not topped as there are no signs of a valid Volume Climax. The RSI is signaling strength as long as the current region is held; the probabilities are greater for further upside.
Hope this article helps in making discretionary trading decisions.
Stochastic Oscillator
UNFIUSDT Price Action Range| Dynamic S/R| Apex| 200 MA Evening Traders,
Today’s analysis – UNFIUSDT- trading towards its price action apex where a breakout is imminent,
Points to consider,
- Price Action Rising Wedge
- Range High Resistance
- Range-Mid Technical Confluence
(POC S/R| 200 MA & .50 Fibonacci)
- RSI Bullish Control Zone
- Low Volume
UNFIUSDT’s immediate price action is impulsive, trading towards a trade location that has technical resistance, allowing for a short term bearish bias.
The Range-Mid has confluence with the POC S/R, the 200 MA and the .50 Fibonacci, price action retesting this level allows for a long opportunity.
The RSI is currently trading in its bullish control zone, remaining in these regions is indicative of strength.
Current volume profile is below average, an influx is highly probable once a breakout comes to fruition.
Overall, in my opinion, UNFIUSDT is a valid short with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
EGLDUSDT| Range Low| Range High| Swing High Price Action Evening Traders,
Today’s analysis – EGLDUSDT- trading around range low where a deviation to range high is probable,
Points to consider,
- Price Action impulsive
- Range Low Support
(.618 Fibonacci Confluence)
- Range High Resistance
- Low Volume
EGLDUSDT’s immediate price action is impulsive, trading towards range low that is in technical confluence with the .618 Fibonacci, allowing for a long bias.
The immediate objective is swing high, exceeding this level will increase the probability of a trend continuation.
The volume profile currently is below average, this is indicative of a price action expansion occurring.
Overall, in my opinion, EGLDUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
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’
BEAMUSDT Local S/R| Swing High| .382 Fibonacci| Price Action Evening Traders,
Today’s analysis – BEAMUSDT – trading above Local S/R with technical confluence, a bullish reaction is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.382 Fibonacci Confluence)
- Swing High Objective
- Oscillators Bullish Control
BEAMUSDT’s immediate price action is impulsive, testing a key trade location that has technical confluence with the .382 Fibonacci and a bullish order block, allowing for a bullish bias.
The Swing High is current objective, exceeding this level will likely lead to a trend continuation.
Both oscillators are currently trading neutral, remaining in their bullish control zones is indicative of strength.
Overall, in my opinion, BEAMUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“You become fearful the moment you identify with fear. But once you begin seeing it as an impersonal changing phenomenon, you become free.”
― Yvan Byeajee
TSLA Daily S/R| Swing High| Local S/R| Price Action Evening Traders,
Today analysis – TSLA – trading below its key Daily S/R where further downside is probable,
Points to consider,
- Price Action Impulsive
- Local S/R objective
(.50 Fibonacci Confluence)
- Daily S/R Resistance
TSLA’s immediate price action is impulsive, confirming a bearish retest of the Daily S/R will allow for a bearish bias.
The Local S/R is objective that is in confluence with the .50 Fibonacci, a respect of this level is probable on first attempt.
The immediate oscillators are bearish with stored momentum, maintaining their bearish control territories will deem weakness.
Overall, in my opinion, TSLA is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps thank
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
COMPUSDT Bullish Expansion| Fibonacci Extensions| Impulse BreakPoints to consider,
Preluding to the chart above, COMPUSDT’s Price Action found acceptance above the Local S/R before a strong expansion. This acceptance confirmed a Local S/R Flip Retest in a volatile zone, showing strength in the immediate short-term.
The Structural S/R was immediate resistance that got breached with conviction, allowing for Price Discovery. Price Action of current is testing Key Fibonacci Extension targets that are posing as resistance. A rejection of the 1.414 Extension has occurred, increasing the probability of a relapse into the Structural S/R for a flip retest confirmation.
The current Volume Profile is reading a clear influx as this rise in Price Action came to fruition. It is important for Price Action to have sustained follow through, failure will be indicative of weakness. The RSI is currently maintaining its Bullish Control Zone, remaining in these regions is acute for further upside.
XRPUSDT Dynamic S/R| Bullish OB| Price Action| Volume Profile Points to consider
Observing XRPUSDT’s chart above, Price Action initially respected its Bullish Order Block that was in technical confluence with the Daily S/R Support Level. Holding this level was critical to maintain a Bullish Bias, evidently being the case as a strong Bullish Expansion followed suit. This Bullish Volatility Expansion had increasing volume allowing it to break key resistances.
The Dynamic S/R was compressing Price Action into its Apex until it was successfully breached with a confirmed back test. This was the initial sing of an impulse coming to fruition as the overlying Weekly S/R was breached with conviction.
As of current, the Volume Profile has had a strong influx after a succession of Declining Volume. When the Volume Profile is on a Decline as Price Action reaches its Apex, it increases the probability of a breakout being imminent. Follow through is critical to sustain momentum, especially when a back test of the Daily S/R comes to fruition – failure will be indicative of weakness.
KSMUSDT PA Range| Internal S/R| 200 MA| Declining Volume Evening Traders,
Today’s analysis- KSMUSDT, trading in a valid apex where a breakout is imminent,
Points to consider,
- Price Action Impulsive
- Range Low S/R Support
- Range High Resistance
- 200 MA Dynamic S/R
- Declining Volume
KSMUSDT’s immediate price action is Impulsive where breaking its internal trend line will increase the probability of testing Range Low- allowing for a long bias.
The Range Low is in technical confluence with the 200 MA and the .50 Fibonacci, marking a true trade location.
The immediate volume profile is declining; this is suggestive of an expansion occurring in the gradual short term.
Overall, in my opinion, KSMUSDT is a valid long with defined risk; 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
BTCUSD Weekly S/R| .618 Fibonacci| Swing Low| Daily S/R Zones Points to consider
Preluding to the chart above, Price Action has had a strong Short-Squeeze into the Weekly S/R that is in technical confluence with the, .618 Fibonacci Retracement. BTCUSD failed to close above this level leading to a Bearish Volatility Expansion, planting yet another Lower High on the chart.
The Local S/R Zone is current resistance as candles are below the level on a closing basis. This shows weakness in the immediate short term allowing for a bearish bias. It is allows important to note that the .382 Fibonacci Retracement is of technical confluence with the Local S/R Zone adding to more resistance.
BTCUSD’s current Swing Low is critical to be held, losing this will greatly increase the probability of testing the lower Daily S/R. This will also confirmed a new Lower Low, Price Action will then have an established Bearish Trend.
Price Action RSI,
Observing the RSI, BTCUSD is at a true pivotal trade location where an impulse in either direction can determine the overall trend. Breaking below the Range-Mid will increase the bearish biased scenario, further downside being probable. Confirming a Retest with an influx will maintain the Bullish Control Zone, indicative of strength in the immediate short term.
VBLT RETEST THE 34 EMA??Possible 34 EMA bounce, entry $2.33 with volume and Stochastic reversal
- *Buy the dip* on an uptrending stock-
Here we have an interesting stock that IS looking to retest the 34 EMA. If that happens, and it runs north, this should bode well for a nice bullish move! Knowledge says to buy the dip on an uptrending stock; consolidation is our friend, and a 34 EMA retest is our confirmation of the move. Bull volume is key; volume is the support needed to uphold price movement.
Price here could get squeezed between the 8 EMA and the 34 EMA, so it may take a little more time to pop the movement.
Another key point to make is the Stochastic is in an oversold condition, almost to the bottom of the range, indicating it's discount time for Vascular Biogenics.
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
NZDJPY| Swing High| .382 Fibonacci| Volume Influx Evening Traders,
Today’s analysis – NZDJPY- trading above its Local S/R with a back-probable,
Points to consider,
- Price Action impulsive
- Local S/R Support
(.382 Fibonacci Confluence)
- 200 MA Support
- Swing High Objective
NZDJPY’s immediate price action is impulsive above Local S/R that is in confluence with the .382 Fibonacci S/R, this allows for a bullish bias.
The 200 MA Support has been respected with an expansion to a Swing High, exceeding this level is important for a bullish bias.
A Volume influx has confirmed a true break, follow through will be needed for a sustained trend.
Overall, in my opinion, NZDJPY is a valid long with a defined risk; price action is to be used upon discretion / management.
Hope this analysis helps
Thank you for following my work
And remember,
“If you have to win, if you have to be right, if you can’t lose or can’t be wrong, you will cause yourself to define and perceive categories of market information as painful.”
― Mark Douglas
INJUSDT| Price Action Pennant| Swing High| 200 MA| Bull Trend Evening Traders,
Today’s analysis – INJUSDT- trading in an equilibrium where a bull break is probable,
Points to consider,
- Price action impulsive
- .50 Fibonacci S/R
- Swing High Objective
- 200 MA Dynamic S/R
INJUSDT’s immediate price action is impulsive trading in an equilibrium where a break bullish is probable is the prevailing trend is of consecutive higher lows.
The .50 Fibonacci S/R is considered support, holding this level is critical for continued momentum.
The swing high Is immediate objective, exceeding this level will lead to a bull trend continuation, it is important that price action must hold the 200 MA.
Overall, in my opinion, INJUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
― Yvan Byeajee
EURJP Local S/R| Swing High| .50 Fibonacci| Price Action Evening Traders,
Today’s analysis – EURJPY- trading at a key trade location where a bearish retest is probable,
Points to consider,
- Price action impulsive
- Local S/R objective
- Local S/R Zone Resistance
(.50 Fibonacci Confluence)
- Oscillators neutral
EURJPY’s immediate price action is impulsive below Local S/R zone that has technical confluence with the e.50 Fibonacci, this allows for a bearish bias.
The Local S/R is objective, price action exceeding this level is likely to lead to further decline
The immediate oscillators are trading neutral, is reversion in price action will lead to acceleration.
Overall, in my opinion, EURJPY is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” – Brett Steenbarger
BNBUSDT Range Low| 200 MA| Price Action Trend Evening Traders,
Today’s analysis – BNBUSDT – trading above its respected 200 MA with further upside potential,
Points to consider,
- Price Action impulsive
- Range Low Support
- Range High Resistance
- Oscillators bullish control zone
BNBUSDT’s immediate price action is trading at a ey trade location that has technical confluence with range low and 200 MA, this allows for a bullish bias.
The immediate objective is range high; exceeding this level will increase the probability of a trend continuation.
Both oscillators are trading in there bullish control zones, remaining in these regions is indicative os stored momentum.
Overall, in my opinion, BNBUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
Link Approaching Price Discovery Points to consider,
Observing LINKUSDT, a clear bullish expansion is present on the Daily time-frame where price action of current is in price discovery. Taking out the current swing high will greatly increase the probability of further upside momentum, epically with the current volume profile increasing.
The initial Daily S/R had been respected with a strong bullish volatility expansion that followed suit after a confirmed S/R Flip Retest. This was the tail sign of strength in price action as a volume influx was present. Strong volume influxes are key in determining the strength of price action, evidently being the case.
Price action reaming and respecting current Local S/R zone with multiple candle closes will signpost stored momentum for a bullish bias. This will show that price has been accepted at these higher levels where buyers are willing to step in. A local top will only be probable once there is a valid volume climax, this has not occurred as of yet.
AUDNZD Local S/R| Swing High| 200 MA| Price Action Evening Traders,
Today’s analysis- AUDNZD- trading at a key trade location where a respect is probable,
Points to consider,
- Price action impulsive
- Local S/R Support
(.50 Fibonacci Confluence)
- 200 MA S/R
- Swing high objective
AUDNZD’s immediate price action is impulsive towards a key trade location that has technical confluence with the .50 Fibonacci, this allows for a bullish bias.
The 200 MA is considered Dynamic Support, holding this is critical for maintaining a bullish bias.
The swing high is objective, exceeding this level will greatly increase the probability of a trend continuation.
Overall, in my opinion, AUDNZD is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“The lower your body gets the higher your jump will be.”
― Noor Alasadi
ETH Approaching a NEW All-Time High, Price Action Indecision Points to consider
- Initial Price Action Double Top Rejection
- Key Weekly S/R Support Respected
- RSI Swing High Exceeded
ETHUSDT Weekly Chart
Preluding to the technical chart, ETHUSDT managed to flip lower weekly S/R by confirming an S/R Flip retest before a strong bullish volatility expansion. This initiated to a strong move that ended up testing the all-time high region. A rejection is evident as a volume climax node indicated a temporary top; this established a local double top rejection.
A bearish expansion followed suit that retested weekly S/R as support, being a critical level, it was respected on multiple attempts. This signified buyers holding lower support areas whilst sellers rejecting price at resistance leading to price action indecision. As of current price action is resting under key weekly resistance, breaching this will show strength towards to bullish case.
The current volume profile has declining volume after a climax at the key all-time high region. This is indicative of an influx coming to fruition before another expansion. Price action is likely to range between these two regions, breaking either will likely follow suit with a strong volatility move.
ETHUSDT Weekly RSI
Observing the RSI, the Swing High has clearly been breached, a back test with a hold will be indicative of strength. The momentum as of current is stored towards a bullish bias as the RSI maintains above its bullish control zone. A clear bullish expansion has been maintained since its lows, remaining in this region for an extended period of time will increase the probability of breaking the all-time high with conviction.
Hope this analysis helps when making discretionary decisions
HEXO Local S/R Zone| Daily S/R| .382 Fibonacci| Price Action Evening Traders,
Today’s analysis – HEXO- impulsive break above key Local S/R Zone where a back test is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.382 Fibonacci Confluence)
- Daily S/R Resistance
- Oscillators Bullish Control Zone
- Volume Influx
HEXO’s immediate price action is impulsive towards a key trade location, the Local S/R Zone that is in technical confluence with the .382 Fibonacci, this allows for a bullish bias.
The Daily S/R has acted as resistance; price action taking this level out will increase the probability of a trend continuation.
Both oscillators are trading in their respective bullish control zones, remaining in these regions is indicative of strength.
There has been a volume influx, marking a true break, follow through is critical for momentum to be sustained.
Overall, in my opinion, HEXO is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
GBPNZD Local S/R| .382 Fibonacci| 200 EMA| Price Action Evening Traders,
Today’s analysis – GBPNZD- trading above Local S/R where further upside is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- 200 EMA Support
- Swing High Objective
GBPNZD’s immediate price action is impulsive above local S/R which is in confluence with the .382 Fibonacci, allowing for a bullish bias.
The 200 EMA is current dynamic support, holding this level is indicative of strength.
The immediate objective is swing high, price action exceeding thing level will increase the probability of trend continuation.
Overall, in my opinion, GBPNZD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
NZDCHF Local S/R| Swing Low|.382 Fibonacci| Price Action Evening Traders.
Today’s analysis- NZDCHF- trading below a key trading location where a bearish retest is probable,
Points to consider,
- Price action impulsive
- Local S/R Resistance
(.382 Fibonacci Confluence)
- Swing High Objective
- Oscillators Neutral
NZDCHF’s immediate price action is impulsive below Local S/R that is in confluence with the .382 Fibonacci, this allows for a bearish bias.
The swing high is current objective; price action taking this level out will increase the probability of further downside.
Both oscillators are trading above their range-mid; a larger correction will entail them back to bearish control zones.
Overall, in my opinion, NZDCHF is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The Tape Reader’s profits should develop naturally. He should buy or sell because it is the thing to do – not because he wants to make a profit or fears to make a loss”
― Richard D. Wyckoff
EGLDUSDT Structural S/R|Swing High|Declining Volume|Price ActionEvening Traders,
Today’s analysis - EGLDUSDT- trading above Structural S/R where holding this level is considered bullish,
Points to consider,
- Price action impulsive
- Structural S/R Support
(.382 Fibonacci Confluence)
- Swing High Objective
- Declining Volume
EGLDUSDT’s immediate price action is trading at a key trade location that has technical confluence with the .382 Fibonacci, this allows for a bullish bias.
Swing High is the immediate objective, price action exceeding this level is indicative of trend continuation.
The volume profile is currently declining, this is indicative of an influx occurring, especially at key trade locations.
Overall, in my opinion, EGLDUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.” – Jesse Livermore
DOTUSDT Strong Bullish Volatility Expansion: Price Discovery Points to consider
- Key Weekly S/R Flip, POC technical confluence
- Bullish Engulfing Price Action Close
- Price Discovery Mode with no Climatic Nodes
DOTUSDT has had an impressive bullish expansion over the recent days as it breaches key POC S/R. Price Action has managed to post multiple percentage gains with no clear signs of topping out as of yet.
DOT/USDT Weekly Chart:
Preluding to the chart above, DOTUSDT does not have a long history of price action on the Weekly timeframe. We can however establish a key Weekly S/R zone that has been breached with conviction. Price Action previously had been rejected on multiple attempts - causing it to trade in equilibrium before a strong bull break.
A key technical confluence at the Weekly S/R was the Point of Control, a strong value area where high transactions occurred. Breaking above this signaled a true break as momentum started to come in with a Bullish Engulfing Candle. Price Action at the time established a Local S/R as the second Bullish Volatility Expansion occurred.
Price Action as of current is trading in Price Discovery with no valid climatic volume nodes. Climatic nodes are indicative of temporary tops and or bottoms being set after strong volatile moves. DOTUSDT’s immediate nodes are increasing so there is a probability of further upside. How this coming weekly candle closes and opens will dictate the immediate trend direction.
In conclusion, DOTUSDT remains in price discovery with further upside being probable as there are no signs of a temporary top being set. It is important to monitor how the weekly closes in response to the volume profile. A climatic node as mentioned earlier will be indicative of a temporary top being set. As of current the higher timeframe remains bullish until proven.
Hope this analysis helps with making discretionary decisions