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Volume Indicator

JSE:CCO Capital & Counties Properties Effort Without ResponseCapital & Counties have been trading in a downward sloping range. After what looks like a spring price has moved to the upper trend line where sellers stepped in. However, the selling off the peeks has been unable to push prices lower, making higher highs. With volume declining it looks like supply is being absorbed. Once this block of shares has been sold price could have a significant move. My bias is for a break out of the trading range and the markup to continue but will watch for a break lower.
CLong
by SteynTrade
The Chinese TESLA? Bull Trend| Correction Imminent| Resistance!Hello Traders!, Today’s chart update will be on a stock called NIO (referred to as the Chinese TESLA), which has come out of a bear trend approaching key resistance. Points to consider, - Strong uptrend in fruition - Structural resistance yet to break (.50 Fibonacci in confluence) - MA’s crossed bullish - Stochastics in upper regions - RSI in overbought - Healthy bull volume NIO’s bull trend has negated the bearish structure putting in higher highs with convincing volume. Structural resistance is yet to break, a very key level to close above for a bullish bias, however, NIO is probable to retrace. Moving averages have crossed, which is a very bullish sign as this confirms that momentum is changing for a lower low trajectory. Stochastics in upper regions can stay trading here for an extended period of time, however lots of stored momentum to the downside. RSI is trading in overbought, correction is imminent, most probable a retrace back to support is upon fruition. Healthy bull volume which must sustain above average for follow through, otherwise fake outs from key levels are likely. Overall, in my opinion, NIO is upon testing a key technical resistance in confluence with .50 Fibonacci, a rejection back to support or MA’s is likely before another leg up. Bullish Long Term! What are your thoughts on this stock? Please leave a like and comment, 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
NYSE:NIOLong
by AzizKhanZamani
4
BTCUSD Golden Pocket| 200 MA| Regression Trend Hello Traders! Today’s update will be on BTC’s daily chart where it has been rejected from the golden pocket, a correct may be imminent due to heavy resistance confluences. Points to consider, - Trend testing strong technical resistances – Golden Pocket & Regression Trend - Local resistance - 200 MA - Local support at .786 Fibonacci - Stochastics topping out - RSI coming into apex - Volume below average Trend is testing strong resistance, golden pocket, a key Fibonacci level where BTC has been rejected from that is also in confluence with local resistance. The 200 MA and upper resistance from the regression trend line proves heavy technical confluence. Local support is found at the .786 Fibonacci level, BTC is probable to return to this area before an impulse move back up. Stochastics is currently in the upper regions, can stay trading here for an extended period of time, however lots of stored momentum to the downside. The RSI coming into its apex, signalling that a break is imminent in either direction. Volume is well below average, an influx in imminent with a decisive move; this will help dictate the direction of BTC. Overall, in my opinion, BTC is likely to correct to support due very strong resistance. A correction will cool of indicators such as the RSI and the Stochastics before another leg up. What are your thoughts? Please leave a like and comment, And remember, “Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee,
COINBASE:BTCUSDShort
by AzizKhanZamani
Structural Resistance| Volume| Trend Change?Hello Traders! Today’s chart update will be on LTCUSDT where a key structural level is being tested, a break will confirm a trend change. Points to consider, - Higher high probable - Structural resistance in confluence with .236 Fibonacci - EMA’s cross bullish - RSI trading in overbought - Stochastics in upper regions - Volume increasing LTCUSDT has a higher high projection which will negate the bearish structure of lower lows. Resistance which is in confluence with the .236 Fibonacci is a strong level for bulls to break to confirm the structural change. EMA’s have crossed bullish, needs to hold LTC support when key levels are broken to maintain a bullish bias. RSI is currently overbought; hitting its resistance, a return to neutral territory is quite probable. The stochastics is currently trading in the upper regions, can stay here for an extended period of time, however lots of stored momentum to the downside. Volume has increase, healthy for LTC’s trend change, this needs to sustain for follow through otherwise a fake out will be imminent. Overall, in my opinion, LTCUSDT trend change will come to fruition when key structural resistance is broken with a close above. We need to see convincing bull volume which will help with follow though. What are your thoughts? Please leave a like and comment, And remember, “Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.” ― Yvan Byeajee
Long
by AzizKhanZamani
Weekly Down Trend| Low Volume| EMA Cross| Key Levels!Hello Traders! Today’s chart will be on BTCUSD which is testing a critical level where a break bullish can negate this long weekly bear structure, as the lower high trajectory will be broken. Points to consider, - Weekly trend bearish - .50 Fibonacci as resistance - EMA’s as support - Stochastics in lower regions - RSI hitting resistance - Volume declining The weekly trend is bearish with consecutive lower highs in place, market structure needs to change for a bullish bias. The .50 Fibonacci is a crucial level to break, BTC needs to close above this to negate the structure. EMA’s currently crossing as support, last cross confirmed a bull run, and probabilities are similar in current price action Stochastics are in lower regions can stay here for an extended period of time, however lots of stored momentum to the upside. The RSI is hitting its resistance, key indicator in the trend as a break will greatly increase the probabilities of a bull run. The volume is declining, which signifies that an influx in volume is imminent, especially at these current technical levels. What are your thoughts? Please leave a like and comment, And remember “Money matters, but not as much as you probably think.” ― Yvan Byeajee
BITFINEX:BTCUSDLong
by AzizKhanZamani
1
Bullish Divergence| Equilibrium|Resistance| ALT Season? Hello Traders, Today’s chart update will be on XRPBTC with a probable bullish divergence coming to fruition if local resistance is broken. Points to consider - Trend testing key levels - Local resistance to break - EMA’s currently support - Stochastics neutral - RSI respecting trend - Increase in volume Trend is testing technical levels and holding, an evident bullish divergence is diverting XRP to change the current down trend. Local resistance is yet to break, a close above will confirm the bullish divergence. EMA’s currently support, must hold true when local resistance is broken, worthy to note that it has been weak as of late. Stochastics is currently neutral; a fall in any direction is probable. The RSI is respecting its trend, diverging from price by putting in higher lows whilst XRP puts in lower lows. An Increase in volume needs to sustain when a break comes to fruition, this will increase the probabilities of a continuation. Overall, in my opinion, XRPBTC is trading between two levels where equilibrium may come to fruition from this bullish divergence. Local resistance is a very key level to break as of now. What are your thoughts? Please leave a like and comment, And remember, “You have power over how you'll respond to uncertainty.” ― Yvan Byeajee,
Long
by AzizKhanZamani
2
Inverse Head and Shoulders| Key Resistance| Trend Change Hello Traders! Today’s chart update will be on APHA which is forming an inverse head and shoulders, close to breaking its neckline. Points to consider, - Trend change attempt - Structural Resistance/ Neckline being tested - EMA’s acting as support - Stochastics in upper regions - RSI at resistance - Volume increase APHA is attempting to change its trend by testing a critical technical level that has rejected it multiple times; a break will establish a higher high. Structural resistance, in confluence with neckline is being tested; a break of this level will confirm the inverse head and shoulders pattern, a bullish reversal pattern. EMA’s acting as support, bull cross has come to fruition, must hold true when key neckline, resistance breaks for APHA. Stochastics in upper regions can stay trading here for an extended period of time, however lots of stored momentum to the downside. RSI is at its resistance, key level being tested, must break for bullish bias. Volume clearly increased, healthy volume that must sustain when trend change comes to fruition for follow through. Overall, in my opinion, a break of the inverse head and shoulders neckline will confirm a trend change, a higher high will be establish, initiating a new trend. What are your thoughts? Please leave a like and comment, And remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee,
ALong
by AzizKhanZamani
Structural Resistance|Market Structure Change|Volume Increase Hello Traders! Welcome to another update, Today’s chart will be on LTCBTC which has broken key levels negating the market structure. LTC is probable to reach higher levels before a bullish confirmation of the POC. Points to consider, - Trend change in fruition - Major resistance broken - EMA’s holding price - Stochastics in upper regions - RSI hitting resistance - Volume increase - POC bullish retest LTCBTC trend change is coming to fruition as a new higher high is being established from local lows. Major resistance has been broken, a much staunched level that was confirmed with a bullish re-test. EMA’s holding price as support must hold true for a continued bullish bias upon retests of key levels. RSI is trading at resistance; a return to neutral territory is probable in the near future. Volume has increased visibly, confirming breaks of key structural levels; LTCBTC needs to sustain such volume for continuation in trend. Overall, in my opinion, LTCBTC has clear levels to watch and break. A retest of the POC will be healthy as it will cool of indicators such as the RSI and Stochastics before another leg up. What are your thoughts? Please leave a like and comment, 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,
Long
by AzizKhanZamani
JSE:STXFIN JSE Financial Index (J212) Effort without ResponseUsing the Satrix Fini as a proxy for the financial index we notice that we are at an important decision point. There has been a declining interest in buying the index. Buying volume in 2016, 2017 and 2018 has failed to push the index to new highs and in 2019 volume has been low. Price has reached the long term oversold trend line and a break lower could open significant downside. Early in 2020 we will watch for signs of a change of character to indicate the markets bias but this looks bearish to me.
JSE:STXFINShort
by SteynTrade
Equilibrium| Double Top| Trend Change ?Hello Traders! Today’s chart update will be on EOSBTC with a potential daily trend change coming to fruition. There are key levels that must break for further confirmation on a bullish bias. Points to consider, - Trend putting in higher lows - EMA’s turned support - Local resistance being tested - Volume declining - RSI approaching resistance - Stochastics in upper regions - VPVR decreasing in volume of transactions EOS has established a trend line with a third touch confirming a higher low on the daily. Bulls need to defend this line for a continued bullish bias. EMAs have turned support and is currently holding price near local resistance, signalling that buyers are picking up momentum. Local resistance is a key level to break in the trend as this will put in a new higher high, confirming the structural change of the trend. Volume is declining; an influx of volume at key levels will indicate an actual break. The RSI is approaching its resistance; a rejection will send it back to neutral levels, as it has multiple times now. The Stochastics is currently in the upper regions, can stay here for an extended period of time, however lots of stored momentum to the downside. The VPVR, decreases in volume of transactions upwards from local resistance, this shows low resistance for the bulls in the metric of volume of transactions. Overall, in my opinion, EOS is in a potential equilibrium with a clear double top to break for a full trend change confirmation. EOS is already showing early signs by putting in higher lows; it just needs to break key resistance levels. What are your thoughts? Please leave a like and comment And remember, The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
Long
by AzizKhanZamani