Still not bullIt's not yet time for hype. I expect another strong drop and take most of the profits at this moment. No volume reaction = No fresh money.
Volumeanalysis
SAND/USDT Trading IdeaBelow is a trading idea for the SAND/USDT pair.
Since the beginning of October, this asset has shown a consistent upward trend. Starting at $0.2739 and reaching a current high of $0.5970 , it has grown by more than 114% . The trend line, acting as support, confirms continued interest from buyers in this coin, having held up through three significant approaches. Currently, the asset is undergoing a correction after hitting a local price peak.
The idea is to consider buying the asset if the price drops below the Value Area High and approaches the level close to the support trend line.
The trend's stability is confirmed by the continuation of the upward movement after the correction from the local peak, accompanied by noticeable increases in trading volumes. After entering a position, the first target is considered to be $0.5992, with the second target at $0.7178.
BTC/USDT ScenariosWe are considering two possible scenarios for the development of the situation with BTC.
At the end of October, following a significant impulsive rise of BTC from $29,614 to $35,300 , there was an increase of more than 18%. In the following month, an ascending trading channel was observed, which was successfully broken after testing the upper boundary at $39,670. As a result of the breakout, the asset reached a price level of $44,436 , marking an increase of more than 11%.
The first scenario focuses on the current overbought condition of the BTC price, which suggests the potential for a correction. There is a possibility of a downward corrective movement until reaching the upper boundary of the trading channel, located around $40,600, with a subsequent potential reversal. If the price remains stable at this level, there is consideration for opening a long position on BTC.
In the second scenario, a significant price decrease towards the level of the highest volume POC at $37,100 is anticipated. From this level, a price reversal might occur, followed by a continuation of the upward movement. If the price remains stable at this level and there are signals for a reversal, we are also considering the possibility of buying BTC.
USDT/DOT Speculative Trading IdeaBelow is a speculative trading idea for the DOT/USDT pair.
Currently, the asset's price has broken through an inclined level after updating the minimum at the price of $3.550 within the current global downtrend. After reaching the $3.550 level, there was a rebound, amounting to over 41% to the current price. This situation indicates an attempt to break the local downtrend in effect in 2023.
As we anticipate a price correction, we identify two entry points for the asset to continue the upward movement within this correction.
We place our first limit orders to buy DOT at price levels of $4.550 with a growth potential of 37% to the price level of $6.273.
We place our second limit orders to buy DOT at price levels of $4.220 with a growth potential of 50% to the price level of $6.273.
Eurusd long position analysisI think risk reward of this trade is not high enough to put a buy limit order.
So I'll look for a bullish CHoCH in 5min TF in this area and then I'll enter the position.
Let see what will happen...
Weekly Price Prediction: $78.00 (Min) and $87.50 (Max)Most of the technical analysis from last week still stands true but I have added a new Fixed Range Volume Profile from the last peak and a resistance line from there as well.
Projected Price Range
The anticipated weekly price range for Brent Crude Oil is expected to fluctuate between $78.00 (Min) and $87.50 (Max).
Contended Price Levels
$81.00 - $78.00 High Volume Node - Potential Support
$81.00 - $83.00 Resistance Lines - potential resistance
$84.50 Point of Control - potential resistance
Technical Analysis
Fibonacci Retracement Breakout:
The price is above to hit the 0.5 Fibonacci retracement level which could indicate a level of resistance.
Volume Profile Analysis:
The Fixed Range Volume Profile from last week still stands. As you can see the price went down to the bottom High Volume Node (HVM) and found support.
Point of Control (POC): Identified at $84.50, indicating a level of potential future resistance and good liquidity.
High Volume Nodes (HVM):
Bottom HVM: Signifying an area of good liquidity and a potential support region, preventing a rapid decline from the 0.5 Fibonacci breakout.
Upper HVM: Acting as both a resistance level and a zone where the price has historically stalled after the first peak.
Low Volume Node (LVM): Reflects a lack of liquidity, leading to rapid price movements. Notable price fluctuations occurred between October and November in this region, ranging from $91.00 to $87.00 and back up to $90.00.
MACD and Stochastic RSI:
Last week the stoch RSI (Bottom indicator) crossed over but the price then declined but as you can now see the RSI is showing higher lows and higher highs suggesting there is a good trend of price moving upward. This is further expressed by the MACD (top indicator) not having crossed over yet, but about to, showing a reason for bullish movement.
Additional Factors
Prior Support/Resistance (Blue Line):
Just above the Bottom HVM, a blue line represents a prior support/resistance level. This is now a potential resistance level as the price seems to be reaching there.
Above the price, there is also another resistance level shown by a blue line that's drawn from the peaks of the latest peak to the trough.
Geopolitical Events:
Given the volatile nature of the commodities market, traders are advised to stay vigilant regarding any geopolitical events in the upcoming week, as these events can significantly impact oil prices.
Conclusion
In summary, our analysis reaffirms the high volume nodes (HVN) as robust support levels, supported by the encouraging indications from the MACD and Stochastic RSI favouring a potential upward price movement, targeting the breach of the point of control (POC) towards the low volume node (LVN) level. However, prudence dictates a cautious stance due to the presence of two distinct resistance tiers and the historical resilience demonstrated at prior POCs. Consequently, we've expanded our projected price range to accommodate these intricacies. Traders are advised to exercise caution by implementing tight stops, recognising the market's potential for fluctuations within this nuanced landscape
GbpUsd sell position analysis As we have CHoCH and a BOS now we have to look for a pull back to go short.
For more confirmation you can wait for a CHoCH in 1min TF after the price has reached to this level.
Let see what will happen...
Good luck
Audusd short position analysisAs we have CHoCH, now we should look for a pull back to sell and I think this area has its potential to enter a short position.
For more confirmation: after the price has come to this level, you can wait for a CHoCH in 1min TF and then go short.
Let's see what will happen...
ETH ANALYSISHello friends,
Early we saw huge movement from Crypto Market, Especially BTC and ETH.
I believe sooner or later price will come back to these zones I draw on the chart. As you can see, these zones are the place where buyers push the price up. So, I expect the price go UP when it meets these zones.
P.S: Always Do your ANALYSIS.
USDT/BTC Speculative Trading IdeaBelow is a speculative trading idea for the BTC/USDT pair.
As of writing, there’s a consolidation and price chart compression towards the established local resistance level at a price of $35,195, following an impulsive 31% price increase from $26,794 with a rebound from the 50-day moving average.
Within the framework of this idea, we propose to consider the possibility of buying BTC at a price of $35,195.
We do so with the aim of continuing the BTC price rise towards the resistance zone located near the POC volume level, corresponding to the trading range of the first half of 2022. The approximate target for this trade is $38,440.
An additional factor supporting this decision is the cumulative delta, indicating sustained buyer interest. The potential for this trade is estimated at 9%, with a stop-loss set at the 3% level, which amounts to $34,100.
EURCAD - This could be a Trend Chnge
EURCAD has broken a major resistance with a very large up volume wave.
The Indicator produced a Wyckoff Up-Thrust signal but the slow wave it's only two bars
Price comes back in below resistance level
Highest down volume wave
Usually this formation a very large up with a false break and a fast down results in a trend change. We need to see the reaction if we break the low of down wave , especially with a Plutus signal I will go Sshort
BTCUSDT. Long positions are a priorityHighlights
Long entry could be considered either from buyer protection at the lower limit of the range 35600, or from the current levels, if the seller does not appear and the buyer protects his zone (upper limit - 36470) with a target of 37526.
Description
On the Daily TF, there's a long trend. On the hourly chart, there's a sideways market. The lower boundary of the sideways range is below 50% of the last daily impulse. It's interesting to see the price there and look for purchases if the buyer defends the lower boundary of the range (35600), aiming for the upper boundary of the range (37526). Long positions can also be considered from current levels if the seller doesn't protect the candle at 21:00 (exchange time) and the buyer engulfs it.
BNT/USDT Speculative Trading IdeaBelow is a speculative trading idea for the BNT/USDT pair.
As of writing, the asset's value has decreased by more than 50% after a strong growth of 240%. The asset meets our expected indicators and reaches a high of $1.9546 .
We decide to acquire the asset at the current price of $0.8426. The 50-day moving average serves as support. A decrease in seller activity is also noted, and the price is being held by buyers according to the cumulative delta. The volume profile also reflects market participants' interest in this asset at this price level.
The first target of our trade is to reach the mirror level at $1.0500, with a profit percentage of over 20%. Upon reaching this level, we plan to close the majority of our position, which will be 80%.
The second target, intended for the remaining 20% of the position, is to reach a price of $1.2163 in the event of a breakout of the mirror level. The expected profit at this stage will be over 40%.
GBPNZD - Triangle & Wedge Breakout TradeWe've got a triangle, wedge, pennant pattern forming here on the GBPNZD and in this video i want to show you how I use the anchored volume tool to project the levels that price is likely to go to once we breakout from the pattern.
If you have any questions or comments about the idea, or if you just want to share your own views, please leave it in the comment section below.
Akil
Demand zone for Lowes.
As you see here on Lowes, we are entering a demand zone. I will be looking to see how the heikin ashi candlesticks react to this level. I will also look for a bounce with high volume to validate my entry. Thank you as always for checking out my analysis.
SPY breaking below down trend on heavy volume shelfSPY is breaching below a short-term daily downward trend at a significantly investor-interested zone.
The dark gold region represents a highly trafficked zone of interest during the greater part of the first of the year. After a rather short testing period around mid-May, the market drove higher before return to a short-term downtrend.
Now breaking below that trend (orange line), investors are faced with a choice to support the levels of earlier this year, or flee to safety.
AT&T - Possible upside to 200 ema Idea Stream for AT&T
Wait for confirmation of the move bullish.
$15.46 is such a pivotal price point; it can play as resistance or as a prior support from June 23- 26. That's why we wait for confirmation of the move. Premarket can help determine consolidation, momemtum, etc
Strategy - If, on October 25th it proves bullish, then:
BUY 15.50 call 11/3 0.25 or better
Target #1 Target #1 15.90 sell @ 0.47 = 88% win
Target #2 16.09 sell @ 0.57 = 128% win
Why?
RSI is uptrending
Earnings is behid us
Retest off the 89
Bollinger Bands are opening
MACD is uptrending
Great Volume since Earnings
**Let's see what happens**
This is my opinion and not trading advice. Seek professional advice elsewhere. These are only my ideas.
XAUUSD short position - scalpXAUUSD short position - scalping.
After the bull run last week, XAU has some signal that may change the direction in LT frame. Using simple strategy with volume profile, I think he will drop down tonight.
Bullish on AMD.
As you see here on the daily chart, we are bouncing off of a weekly trendline. We are also forming a bullish flag pattern on the weekly chart. So, I would look for a price break above the trend line on the daily chart with heavy volume and look to hold for a few days. This is a beautiful play.
2023 True Market Leader - Does it has more potential? VRT has been up more than 200% since late April 2023 bottom, demonstrating key true market leader characteristics in terms of price advance, volume profile and fundamentals.
Look at how well and orderly price was following along the 8 EMA and later 21 EMA since the break-out from a large 195 days base (with two unfilled gaps first in Apr and in later in May).
On the fundamental side, one my notice:
Exceptional relative strength to the SNP500;
Top EPS and IBD Composite Index;
Triple digit growth in analyst estimates for EPS for 23 and double digits for 24;
Jaw-dropping triple digits earnings growth for 3 qrt in a raw;
Continues double digits sales growth;
Improving ROE;
And doubling amount of institutional sponsorship by Sep23;
Management owns 10%
I don't have reliable ElliotWave pattern on VRT, but from the market symmetry concept, I see the next important macro resistance zone at 47-51 area, where 47 is the 100% extension of the move from the bottom of 2020 to the top of 2021.
The history of true market leaders teaches us, that the stocks the doubles and triples have a higher historical odds of doing it again in the next bull-cycle.
It this correction in the indexes is over and the general market has a plan to continue its advance in Q4, my thesis is that VRT shall continue being the top choice for the growth investors and trader.
Trading parameters:
actionable if price breaks out the 39 pivot with volume. Short-mid term long thesis is wrong bellow 36 and fully invalidated bellow 35 areas.
YNDX - Ideal support zone to start the launch YNDX has landed perfectly into the lowest border of my ideal support zone of my wave (iv) projection.
Until 2320 holds, I will expect the price to:
1. Move above the short-term 8/21 EMA and long 50D MA and 10W MA;
2. Form the right side of the cup with buying volume predominating above any selling volume;
3. Any low-cheat/cheat or handle area break-out pivot to emerge, providing the low-risk entry point.
What also provides me with confidence to expect the re-launching of the upward moving trend (although price is bellow the 10w MA) is the absence of any meaningful selling volume. The correction so far is below 20% and looks orderly.
The analysis and the investment thesis is fully wrong bellow 2320 area.
TONUSD - Could be building nice Weekly Cup-and-HandleWhile it is to early to suggest, that price is prone to the break-out above 2.60 pivot. It fine to acknowledge this potential, due to favourable price and volume profile.
Notice the prevalence of good weekly closes on a substantial pick-up in volume in comparison with down weeks being on much lesser volume week by week.
It is yet to early to suggest the three weekly lower-lows is enough for the handle in the cup to form, but until price holds 10w MA, I am willing to consider this bullish potential.
Trading thesis: I would wait for the proper pivot to emerge on the daily time-frame (preferably around 2.6 level), before establishing any positions. Although cowboy-type traders may consider any low-cheat pivot around 2.16 area to be actionable with proper risk-management tactics and discipline.
AUDJPYThe Australian Dollar (AUD) against the Japanese Yen (JPY) is an exciting pair for its relation to risk. The pair is often among one of the most highly correlated pairs to price action in US equities on a short to medium term basis. The pair generally tends to rise in a low risk environment on carry flows while the opposite is true when we see a 'risk-off' approach in the markets.
