Get started

Volume Indicator

XTZUSDT Macro Levels| Declining Volume|.618 Fibonacci ResistanceEvening Traders, Today’s Technical Analysis – XTZUSDT – a break out is imminent as volume continues to decline; key structural levels are likely to be tested. Points to consider, - Trend bullish (consecutive higher lows) - Trend line support holding true - Current resistance .618 Fibonacci - RSI above 50 - Stochastics projecting down - Declining volume XTZUSDT’s trend has been putting in consecutive higher lows, now trading in a range between two important levels, monthly resistance and daily support. The current trend line support is holding true, a higher low projection will be at play until the trend line has been breached. Immediate resistance, the .618 Fibonacci is to be breached for a test of monthly resistance; price has been rejected multiple times. The RSI breaking below 50 will negate any bullish bias in the market. The stochastics are projecting down, this a sign of momentum shifting. XTZUSDT’s volume is clearly declining, an indication of an influx in volume being imminent as key structural levels get tested. Overall, in my opinion, XTZUSDT is approaching a key technical level where a break will be imminent. A long trade will be valid above monthly resistance. Breaking below daily support will validate a short trade. The break needs to be backed with increasing volume; this will help avoid fake outs. What are your thoughts? Please leave a like and comment, And remember, “This lack of support is not simply an absence of encouragement. It can be as deep as the outright denial of some particular way in which we want to express ourselves.” ― Mark Douglas
by AzizKhanZamani
BTCUSD Breakout Trade|Watch Price Action| Apex| Low Volume Evening Traders, Today’s Technical Analysis – BTCUSD – a breakout is imminent as support and resistances converge. Points to consider, - $10,000 Psychological Resistance - Up sloping support - Declining volume (Apex) - Range Median - RSI above 50 - Stochastics equilibrium BTCUSD’s current price is above its range median, .50, currently trading under the all important $10,000 Psychological resistance. BTCUSD is respecting its up sloping support; price is being pushed into its apex where a break will occur. The RSI is above 50, indication of a bullish bias in the market, however NOT confirmed, we need further development. Stochastics is coiling in equilibrium; momentum for the break is stored in both directions. BTCUSD volume nodes are declining, an indication of an influx being imminent, this will be more likely when price breaks either key technical level, the $10,000 Psychological resistance and or up sloping support. Overall, in my opinion, BTCUSD will have a break in the coming hours; a trade will be validated upon the direction of the break. It is important to monitor price action and volume leading up to the break as this will help avoid fake outs. What are your thoughts? Join me on twitter for live market updates! And remember, “Remember our definition of a winning attitude: a positive expectation of your efforts with an acceptance that whatever results you get are a perfect reflection of your level of development and what you need to learn to do better.” ― Mark Douglas
BYBIT:BTCUSD.P
by AzizKhanZamani
Demand of Dominion Energy....!Buyers are active in the current price, and if the volume increase the price will break the resistance level and go beyond the resistance. If the prices come lower level and breaks 77.50 level it is predicted that it will move do down direction. ----4 hour chart---- In 4 hour time frame price is creating a value area, if The buyers are more active then the sellers, price will break the value area and it will go up-direction. And if not the price will continue its move zig-zag formation.
NYSE:D
by Jay_shree
14
JSE:VOD Vodacom Showing StrengthAfter a trading range starting in mid-2018 Vodacom has had a spring-like action during the market downturn. The comparative relative strength was outperforming while other stocks were falling. There was a pause at the yearly pivot point and 200 day MA but the price was unable to push below the trading range again. Today we have seen a significant bar with some volume. Now we watch if the upper boundary of the trading range will hold or if a markup could start. We could see some consolidation before or after the break before the markup starts. Will watch how this progresses.
JSE:VODLong
by SteynTrade
CURA Structural Support| Resistance Confluence| Declining VolumeEvening Traders, Today’s Technical Analysis – CURA – holding a key support with the current volume clearly declining, a move will be imminent with a subsequent influx. Points to consider, - Macro trend bearish - Resistance confluence - Structural support being tested - RSI above 50 - Stochastics projected down - Declining volume CURA’s overall trend is bearish with consecutive lower highs, currently recovering from oversold conditions that needs momentum follow through. There is resistance confluence with the .50 Fibonacci and the 100 EMA; price needs to trade above it to establish a higher high for the local trend to remain true. Structural support is being tested; current candle closes have been bearish, indicating weakness in the bulls. The RSI is trading above 50, likely to break if current support does not hold. The stochastics on the other hand is at a key level, if the higher low projection does not hold, the sell cross will increase momentum to the downside. Volume is declining; technically this leads to an influx at key trade locations. Overall, in my opinion, CURA needs to hold structural support for a probable higher low. With the declining volume at support, this is an indication of an impulsive move. If support breaks then the macro trend is still intact. What are your thoughts? Please leave a like and comment, And remember, “Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.” ― Yvan Byeajee
C
by AzizKhanZamani
JSE:SOL Sasol Riding the BounceWe have been watching the bounce from the climax low in Sasol. After the breakout of the trading range formed following the climax (SC) low, we have had a break and back up (BU) to the trading range. This formed a spring on the BU and now we have broken the high and backed up (BU) to this range. There are some buying volume spikes on the springs and I am expecting the markup to start on the lower timeframe. On the daily, we are in the automatic rally phase after the climax low and this likely the start of a trading range but there is enough room that this bounce could give significant profits. The large (and volatile) range that is expected can give some opportunities to trade the tests of the highs and lows.
JSE:SOLLong
by SteynTrade
8