XTPUSD has been rallying ever since it broke out of its two week sell off a couple days ago but there are now signs showing that the upward momentum could be coming to a end. Technical : The 3 EMA is crossing over the 10 EMA to the downside while at the same time the Stochastic is crossing the 50% mark to the downside as well. These Bearish confluences are...
on 5 min time frame, using indicator BB with RSI, entry taken as per Divergence, movement confirmation with Stoch RSI, Heikin-Ashi, Gap up opening confirmed reversal to the price calculated earlier on weekend for price to open @ $5.50 wherein pre market showed jump in price due to dividend cut decision by bank to -96%, total duration of trade is around 1 hr 30...
2nd analysis as per pre market on hourly time frame, will wait to see how price reacts against company decision on dividend cuts, will keep add multiple indicators how price is behaving based on certain events in market.
Evening Traders, Today’s analysis – GRWG – trading towards a technical location where a bounce is probable, Points to consider, - Price Action Corrective - Range High Support - Order Bock Confluence - Declining Volume - RSI Extended GRWG’s immediate price action is trading towards its Range High that has technical confluence with an Order Block,...
BTC is potentially in a Head and Shoulders Pattern on this 6d chart, and you can also see clearly this on the weekly as well. Ideally, BTC needs to CLOSE this 6d Candle above the Dashed Resistance Line at around $53,148. If not, then the next 6d Candle will suffice. Failure to do so may validate the Right Shoulder and if BTC drops below the H&S Neckline then a...
Evening Traders, Today’s analysis – ICUSDT – trading above its local s/r where continuation to the upside is probable, Points to consider, - Price Action Impulsive - Dynamic S/R Support - Swing High Objective - Declining Volume - RSI Neutral ICPUSDT’s immediate price action is impulsive, trading above its dynamic support allowing for a bullish bias....
Evening Traders, Today’s analysis – FLOKIWETH – Trading with consecutive higher lows where a trend continuation is probable, Points to consider, - Price Action Trending - Dynamic S/R Support - Swing High Objective - Low Volume FLOKIWETH’s immediate price action is trading with consecutive higher lows, allowing for a bullish bias. The Swing High is the...
Evening Traders, Today’s analysis – XTZUSDT – trading abve a key Daily S/R where a retest is probable, Points to consider, - Price Action Corrective - Daily S/R Support (.618 Fibonacci and VWAP Confluence) - Swing High Objective - Low Volume XTXUSDT’s immediate price action is corrective as allowing for a bullish bias at a trade location. The Daily S/R...
Evening Traders, Today’s analysis – USDCHF- trading at a key support that is likely to be respected, Points to consider, - Price Action Corrective - Local S/R Support - Swing High Objective - Daily S/R Resistance USDCHF’s immediate price action is sitting on a local support, allowing for a bullish bias. The swing high is the current objective,...
Evening Traders, Today’s analysis – ANKRUSDT- trading towards its apex where a move will be imminent, Points to consider, - Price Action Impulsive - Internal S/R Support - Local S/R Resistance - Declining Volume ANKRUSDT’s immediate price action is impulsive, trading with technical confluence from the VWAP and POC as support, allowing for a long bias....
Evening Traders, Today’s analysis- AKROBTC- trading above a key local S/R with a ribbon bull cross, further upside probable Points to consider, - Price Action Impulsive - Local S/R Support (.382 Fibonacci Confluence) - Weekly S/R objective - Oscillators extended AKROBTC’s immediate price action is trading at the Weekly S/R where a rejection to the Local...
Evening Traders, Today’s analysis – AUDNZD- trading above a key S/R zone where a respect is probable, Points to consider, - Price Action Impulsive - .382 Fibonacci Support - Daily S/R Objective - Oscillators Neutral AUDNAD’s immediate price action is trading above a level that has technical confluence; this S/R level has a high probability of holding....
Evening Traders, Today’s second analysis – BCHUSDT- breaking key Daily S/R, holding it as support will solidify the level. Points to consider, - Price Action Impulsive - Daily S/R Support (S/R Flip Retest) - Swing High Target - Oscillators neutral - Increasing Volume BCHUSDT’s immediate price action is impulsive above Daily S/R, a confirmed S/R Flip...
Evening Traders, Today’s analysis – BTCUSDT = impressive rise, running into key Fibonacci levels where a short term rejection is probable. Points to consider, - Price Action Impulsive - Rising Channel Resistance (.618 Fib Confluence) - Support Zone Confluence (.50 Fib Confluence) - Oscillators Bullish Control Zone - Volume Increasing BTCUSDT’s immediate...
Evening Traders, Today’s second analysis – ZECUSDT- trading in a falling wedge pattern that typically breaks bullish, Points to consider, - Price Action Bullish - Local S/R Support - Swing High Target - RSI Divergence - Volume Influx ZECUSDT’s immediate price action is bullish trading towards its apex, this allows us to have a bullish bias on the...
Evening Traders, Second Analysis – DIAUSDT- trading in a falling wedge formation where a confirmation will be on a break of dynamic resistance. Points to consider, - Price Action Apex - Market Structure Lower Lows - Key Dynamic Resistance (.618 Fibonacci Confluence) - RSI Divergence Forming DIAUSDT is trading towards its apex in a bullish falling wedge...
Evening Traders, Today’s Analysis – COTIBTC – impulse move into structural resistance – multiple daily candle closes will reclaim the level. Points to consider, - Structural higher lows - 21 MA Support - Structural resistance (S/R flip) - Oscillators neutral - Volume influx (follow through) - Daily resistance target COTIBTC’s structure is putting in...
Evening Traders, Today’s Technical Analysis will be on CGC, bouncing of its all-important weekly support, currently facing resistance from the 21 EMA. It must break daily support, or this is simply another lower high. Points to consider, - Macro trend bearish - Weekly support respected - Daily resistance is a key level - RSI coming of oversold - Stochastics...