UNIUSDT Daily S/R| Broadening Wedge|Swing High|Price ActionEvening Traders,
Today’s analysis – UNIUSDT- trading above a key Daily level with further upside probable,
Points to consider,
- Price Action Broadening Wedge
(Partial Decline)
- Daily S/R Support
- Volume Influx
- Oscillators Bullish Control Zones
- Swing High Objective
- Fibonacci Extension Targets
UNIUSDT’s immediate price action is trading in an ascending broadening wedge with a partial decline. The .382 Fibonacci has been respected, allowing for a bullish bias.
There is a volume climax that is indicative of a true break, volume follow through is needed for continuation.
Both oscillators are cuurently trading in there respective bullish control zones, maintaining these regions is indicative of strength in the market.
The swing high is objective, breaking this will greatly increase the probability of hitting the Fibonacci extension targets.
Overall, in my opinion, UNIUSDT 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.
“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
Volumeinflux
ZECUSDT Falling Wedge| 00 MA Support|Local S/R Flip|Bullish DivEvening 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 market.
Local S/R is in confluence with the 200 MA as support that has been respected, breaking this level will negate our bullish bias.
The swing high is immediate target, breaking above will establish a new local high and increase the probability of trend continuation.
The RSI has a valid bullish divergence, this signals momentum shifting in the immediate short term,
There has been a valid volume climax node, climactic volume usually is indicative of a temporary bottom being set.
Overall, in my opinion, ZECUSDT is a valid long with defined risk, price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’
LTCBTC Level Trade|Trend HH|S/R Flip Retest|Volume Influx|200 MAEvening Traders,
Today’s Analysis – LTCBTC breaking out of its 80 day consolidation, setting up a clear level trade.
Points to consider,
- Trend higher high
- S/R Flip Retest (Local Support)
- Immediate target (Weekly Resistance)
- Oscillators above 50
- Noticeable volume influx
LTCBTC has established a technical higher high, early signs of a trend change – this gives us an immediate bullish directional bias.
An S/R Flip retest will validate a long trade with the .618 Fibonacci as an overextension, this will solidify local support.
The Immediate target is weekly resistance, LTCBTC also has the daily 200 MA to clear, profit taking zone.
Both oscillators are above 50, not over-extended, this signals a probable further push in the market.
LTCBTC has had a strong volume influx, engulfing all previous nodes, follow through is needed for continuation.
Overall, in my opinion, LTCBTC has a valid long play. A retest of local support will allow for a defined R:R trade. Price action is to be used upon discretion.
What are your thoughts?
Thank you for following my work!
And remember,
To be a successful trader you need to trade without fear. When you use fear as a resource to limit yourself, you will create the very conditions you are trying to avoid. Or to say this in another way, you will experience your fears - Van K. Tharp
ONT/BTC | Macro Trend Reversal | Key Level | Trade Setup Today's analysis – ONT/BTC – establishing an S/R flip retest above structural support.
Points to consider:
- Bullish price action
- Trend Reversal
- Support Confluence
- Volume Influx
- RSI ranging above 50
ONTBTC trading in a healthy uptrend, breaking its structural resistance with multiple bullish engulfing candles indicating strong buyers in the market, forming a bullish bias.
Price breaking bullish from its inverse head and shoulders pattern, forming consecutive higher lows and higher highs is indicative of a macro trend reversal.
A successful S/R flip of structural support as it coincides with the 200 EMA will solidify the trend reversal.
There is a clear volume influx coinciding with the break of the key level, follow-through is required for continuation.
The RSI is currently testing the 50 level, it needs continue ranging above 50 to maintain strength in the market.
Overall, in my opinion, a successful S/R flip retest backed by volume validates a long trade to technical targets above with risk defined below structural support.
If you’ve read this far, I’d like to thank you for following my work and development as a trader!
As always,
Focus on you, and the money will too!
GO/BTC | S/R Flip Re-test| Trend Continuation | Volume Influx Today's analysis – GO/BTC – Establishing an S/R flip retest following a bullish break of structural resistance.
Points to consider:
- S/R flip Re-test (trend continuation)
- Increasing volume
- 21 EMA (visual guide)
- Oscillators above 50
GOBTC retracing and consolidating above structural support; a successful retest of this level will establish a higher low above the key level forming a bullish bias in the market.
The break of structural resistance was backed by strong volume, adding validity to the price-action. A sustained influx of volume will be key for maintaining the bullish momentum and avoiding any fake-outs.
Further price action and trend continuation will allow the 21 EMA to act as a visual guide; a trade management tool assisting in defining risk.
Both, the RIS and stochastics trading above 50, indicating strength and momentum is currently present in the market. Oscillators need to range above 50 to maintain the bullish momentum.
Overall, in my opinion, a successful S/R flip retest validates a long trade to technical targets above with risk defined below structural support.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
XLM/USDT | Head and Shoulders | Trend Reversal | Trade Setup Today's analysis – XLM/USDT – Retracing after a strong break of structural resistance
Points to consider:
- Macro trend reversal
- Bullish price action
- S/R flip re-test
- Volume influx
- Oscillators overextended
- 21 EMA visual guide
XLM showing convicting signs of a macro trend reversal as it breaches a key level coinciding with monthly structural resistance and its head and shoulders neckline forming a bullish bias in the market.
Multiple bullish engulfing candles with strong volume follow-through is indicative of buyers present in the market and trend continuation is probable.
Price respecting structural support upon retest will solidify the S/R flip and substantiate the bullish bias.
The influx of volume needs to sustain as price retraces and tests support to solidify the price action and avoid any fake-outs.
Both oscillators cooling off from overbought conditions, a retrace and consolidation above support will neutralise and prime the oscillator for a trend continuation. Both the RSI and stochastics need to range above 50 to maintain the bullish bias in the market.
Further price development will allow the 21 EMA to act as a visual guide, assisting in trade management.
Overall, in my opinion, a successful S/R flip re-test of neckline resistance validates a long trade to technical targets above with risk defined below support.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
NANO/BTC | Macro Trend Reversal | S/R flip | Increasing volumeToday’s Analysis – NANOBTC – consolidating within its daily support zone as holds above the 200 EMA
Points to consider:
- 200 EMA S/R flip
- Macro trend reversal
- 55 EMA visual guide
- Increasing volume
- Oscillators neutral
Nanos recent strong price action forming a successful S/R flip re-test of the 200 EMA on the daily timeframe indicates early signs of a macro trend reversal, giving the market a bullish bias.
Thereafter, Nano establishing a higher high and higher low on the chart further supporting the bullish bias.
Further price development will allow the 55 EMA to act as a visual guide assisting in trade management.
Historically, an inflow of volume has coincided with bullish price action as it breaches key levels; indicating a true break of the level and adding validity to the price action. Volume follow-through is needed currently for a true trend continuation, avoiding any false breaks.
Oscillators are neutral, further price development will allow for directional bias.
Overall, in my opinion, NANO is currently trading in the buy zone for a long trade to structural resistance as the immediate target with risk defined below the 200 EMA.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
LBCBTC | Key Pivot Point | Channel Support | Volume InfluxToday’s analysis – LBCBTC – Testing key support, price holding this level forms a higher low; first signs of trend continuation.
Points to consider:
- Macro-trend bullish
- Key level- channel support
- 21 EMA- visual guide
- Volume influx
- Oscillators oversold
LBCBTCs macro trend is bullish with consecutive higher lows and higher highs forming a probable ascending channel. This projection gives us a bullish bias on the market.
Price is at a key pivot point, channel support, respecting and holding above this level backs the bullish bias.
The 21 EMA acts as a visual guide upon strong trend continuation as it is historically respected by price action.
Recent volume influx solidifies channel support as a key level. Volume must remain above average to maintain a trend continuation and avoid any fake-outs.
Both, the RSI and Stochastics trading below 50, recovering from oversold conditions, a sign of weakness in the immediate market. However, further consolidation above 21 EMA will allow oscillators to recover with ample space to the upside before reaching overbought conditions.
Overall, in my opinion, as price continues to hold channel support, a long trade is validated upon an S/R flip of the 21 EMA with the immediate target being channel median.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
ATOMBTC | Key Level | Double Bottom | Trend Reversal Todays Analysis – ATOMBTC – Consolidating at key support, an impulse move to structural resistance is probable as it continues to hold above the 200 EMA.
Points to consider:
- Pivot point (key level)
- Double Bottom/probable head and shoulders
- Macro trend reversal
- Volume influx
- RSI above 50
ATOMBTC trading at a key S/R cluster as it breaks and holds support above the 200 EMA, attempting to break bullish. Body candle closes above this zone, an impulse move to structural resistance is probable.
A bullish continuation from this level validates a double bottom pattern. An S/R flip retest of daily support will form a left shoulder for a probable head and shoulder pattern and also form a higher low on the chart (indicating a macro trend reversal).
The recent influx of volume coincides with bullish price action, adding substantiality to the move. Volume must remain above average to maintain a continuation and avoid any fake-outs.
RSI and stochastics trading above 50 validates strength and momentum in the immediate market: oscillators need to range above 50 to maintain the bullish bias.
Overall, in my opinion, ATOM needs to hold daily support to increase the probability for an impulse move to structural resistance.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!