Volume
Technical Analysis of ADA/USDTIntroduction
In this blog post, we will analyze the trading chart of ADA/USDT to identify potential buying or selling opportunities. Technical analysis is a crucial tool for traders, helping to predict future price movements based on historical data and market patterns.
Chart Analysis
Trendlines
The chart shows two primary trendlines:
A descending trendline starting from the peak in April and extending to the current date, indicating a long-term downtrend.
An ascending trendline starting from the low in June and extending to the current date, indicating a short-term uptrend.
These trendlines form a symmetrical triangle pattern, suggesting a potential breakout or breakdown in the near future.
Support and Resistance Levels
Immediate Support: $0.3200, aligning with the lower boundary of the ascending trendline.
Secondary Support: $0.3000, a psychological level and previous support zone.
Strong Support: $0.2800, corresponding with a significant historical support zone.
Immediate Resistance: $0.3600, the upper boundary of the current consolidation range.
Secondary Resistance: $0.4000, near previous highs and a potential breakout target.
Strong Resistance: $0.4400, a major psychological level and potential profit-taking zone.
Anomalies and Divergences
Volume Analysis: The volume bars show a significant spike in July, indicating strong buying interest at that time. However, the volume has been relatively low since then, suggesting a lack of strong conviction in the current price movements.
Potential Breakout/Breakdown Points: The intersection of the descending and ascending trendlines suggests a potential breakout above $0.3600 or a breakdown below $0.3200.
Risk and Reward Scenarios
Bullish Scenario
Entry Point: On a breakout above $0.3600 with strong volume.
Stop Loss: $0.3400, just below recent support to limit downside risk.
Profit Target: $0.4000, aligning with the next major resistance.
Risk-Reward Ratio: Approximately 1:2, risking $0.02 to gain $0.04.
Bearish Scenario
Entry Point: On a breakdown below $0.3200 with increased volume.
Stop Loss: $0.3400, to protect against a false breakdown.
Profit Target: $0.3000, the next support level.
Risk-Reward Ratio: Approximately 1:2, risking $0.02 to gain $0.02.
Conclusion
The analysis of ADA/USDT reveals several key points for traders to consider. The identified trendlines, support, and resistance levels provide a framework for setting entry and exit points. The anomalies and divergences highlight potential risks and opportunities. By understanding these elements, traders can make more informed decisions and optimize their trading strategies.
BTCUSDT. Selling and Buying StrategyHello traders and investors!
It’s time for a new analysis, as all the targets from the previous analysis have been reached, and the situation has changed.
Daily Timeframe Analysis
As a reminder, on the daily timeframe, a sideways movement was formed on March 5 (with point 4). The lower boundary is at 49,000, and the upper boundary is at 73,777.
The buyer's vector 10-11 has reached its target at 72,797. At the end of the vector, a buyer's bar with increased volume was formed. Just below, a buyer's zone appeared (green rectangle on the chart, with the upper edge at 69,519). The price is currently testing this buyer's zone. We are waiting for the buyer's reaction.
The seller's vector 11-12 is now relevant, with potential targets of 52,550 and 49,000. At the same time, there are some signs that the price could update the all-time high (ATH): The seller's vector 9-10 broke the lower boundary of the range (point 4), but vector 10-11 has not yet broken the upper boundary (point 7).
8H Timeframe Analysis
On the 8-hour timeframe, a sideways movement was formed on July 29 (with point 4). The lower boundary is at 49,000, and the upper boundary is at 71,997.
The buyer's vector 5-6 successfully broke above the upper boundary of the range. At the end of this vector, a buyer's bar with increased volume was absorbed by the seller, who formed a seller's zone at the upper boundary of the range (red rectangle on the chart, with the lower edge at 71,864).
The latest sub-impulse on the 8-hour timeframe started from the 65,596 level. A buyer's zone is located at the base of this sub-impulse (green rectangle on the chart, with the upper edge at 67,890). The price is currently testing the level of the previous sub-impulse's end at 68,850. We are waiting for the buyer's reaction.
The seller's vector 6-7 is now relevant, with potential targets of 52,550 and 49,000. However, there are also signs that the price may update the ATH: the configuration of bars and volumes within the buyer's vector 5-6 shows that key volumes are located at the base of the vector.
Summary
On both the daily and 8-hour timeframes, the buyer's vectors within the ranges have played out. The seller's vectors are now relevant. The seller has begun to resume activity, and the price has entered a contextual buyer's zone. At the same time, there are signs on both the daily and 8-hour timeframes that the price could update the ATH.
For this reason, it's advisable to look for short trades from the seller's zone protection on the 8-hour timeframe. It's also possible that the seller will form a seller's zone on the daily timeframe today if they absorb the buyer's bar from October 29.
Looking for long trades is reasonable from the buyer's zone protection on the daily or 8-hour timeframe, for example, in the 66,000–68,000 range.
Good luck with your trading and investments!
JYOTISTRUC :NSE RBC 9.5Y BO WTF/MTF POSITIONALJYOTISTRUC :NSE STOCK Analysis
TRADE PLAN (DTF Close Price for POSITIONAL
ENTRY - 36 50% Qty, Add 50% qty 47 DTF Close
SL - 26.5
TARGET --01- 47.2 , TGT02-- 65.7
Hold For a1 +Year or TGT 2
Chart Pattern :
STOCK had a 18 Month Streak to Touch an 9.5Y high of 32.3, forming a Rounding Cup Pattern.Quarterly Results Due next Week
INDICATORS EMA :
The Price is Currently Trading above 50EMA, and 20EMA is Above 50EMA in WTF. STOCK EMAs are currently in Ascending stage of alignment where this week a 15%+ price rise with considerable Volumes indicating start of a bullish Trend on WTF/MTF.
FIBO/E :
Currently the price is well above 50% FIBO Retracement Level, Entry can be take as per your risk ability. Safe Investors Enter above .
Volumes: There is a surge in Volume on the Weekly Charts for1 Weeks after the few weeks Pullback.
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses...
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
MCL Long 10/30/2024MCL is in a SW + uptrend because price closed above 4hr MA. Taking a long position in DZ below MA. Taking half risk because zone has been tested. Chances of less unfilled orders. We have 2 zones overlapping. I chose the lower one because of SW trend. Risk= $90. Target= 1:1 and 3:1.
EURNZD trade idea(1:15 RR) EURNZD has shown a strong impulse upwards and the 7 day bullish streak might be indicating to overextension, as we are currently facing a major resistance level on the daily chart. In the mid August the price hit 1.86(VWAP high) and since then the price has made a weekly 3 wave impulse downward. October gave us a retracement and now its time for another wave downwards. We are targeting the lows of the past week making it 1:15RR. Keeping stops above recent highs.
This analysis is taught and provided by Fractals Trading.
Trade safely and expect the unexpected,
Mei
PEPEUSDT
To Whom It May Concern,
This is the meme coin PEPE on perpetual, using high leverage for meme coin degens. On the daily time frame, things are looking bearish. Yesterday closed with a red doji, and today started in the red. This bearish action is unfolding just below the 200-day moving average and the black resistance.
"Volume is also low, which reinforces my bearish outlook!"
I don't know about you, but to me, this looks bearish. Do you have a different opinion? Feel free to share it in the comments!
Not financial advice. Stay safe!
SPY 600+?According to Elliot Wave Theory, Chart Patterns, and Analysis of the option chains, SPY could potentially reach 600+ before long.
Looking at Elliot Wave Theory:
Currently price is in Wave #4. In EW, Wave #4 characteristics are opposite of Wave #2. Wave #2 in this cycle was short, so expect price to take a little longer to breakout, which brings us to the next observation:
Chart Patterns:
Price is starting to form an expanding descending wedge (or megaphone), a variation of a flag. Generally in these formations, price is volatile and the formation can hold in tact for a decent length of time. That being said, it’s the perfect scenario for a long Wave #4. When price touches the bottom trendline for the third time, look to go long a month out.
Option Chain:
January Contracts - neutral.
November Contracts - bearish (just a hedge for tech earnings)
In the options chain, a neutral or balanced chain means the market is bullish. When an inordinate amount of puts are bought, it generally means institutions are hedging their portfolios when markets turn volatile. (Earnings will definitely do that)
Recap: Looking to go long once this formation breaks upwards for the afore mentioned reasons. If something changes, I’ll update this. (We can’t be married to our opinions)
Ride Wave #5 with me.
possible CUP and HANDLE on $dogeit looke like a cup and handel forming on dogecoin. do you own research but this is a probability. lets see how it plays out. i could be wrond, but i looks like one imo. with a decent target at 0.25 . i would like you opinions on this idea please. we need to wait for the handle to be formed to take the trade. its a possibiliy.
please leave you opinion below. i woi; appreciate you thought on this idea.
2 Day Anchored VWAP on ES futuresInitially you have to understand what the volume weighted average price (VWAP) is. Broadly it can be defined as: Total dollars traded divided by the total shares for the period studied Vwap= ∑(Price∙Volume)/∑(Volume)
This means that VWAP is more responsive to volume than price and its calculation does not depend on the timeframe we are in. It is also the most common benchmark used to compute transaction costs.
what is the anchored VWAP ?
The AVWAP is an indication of the average transaction price of the participants for however long it’s plotted. Normally the VWAP resets everyday at the start of the trading session, but the anchored vwap will continue its calculations from the candle it was anchored until the present bar meaning no resets in that period.
In an uptrend buyers will try to defend that average entry price when price comes back to it. in the uptrend when the AVWAP is below price that means that the average participant is making money, when price crosses under they start to lose money and that could lead them to try to exit and push price even lower. So the cross of the AVWAP can mark a change on the near term trend. It is very important to mark the AVWAP from significant price levels or catalysts, in this case we will analyze the 2 Day anchored VWAP (2DAVWAP) on CME_MINI:ES1! futures.
Where do you anchor the 2DAVWAP ?
For example, if it's a wednesday morning you want to anchor the VWAP at monday 5pm CME_MINI:ES1! futures open. An easy way of finding the right candle to anchor is checking the "session breaks" option in the chart settings so after your session break line shows the next candle (in any timeframe) that will be the one anchored so you can trade it at the next session.
How to trade it ?
1. It is very important that CME_MINI:ES1! is in a clear and strong uptrend, this is a following the trend strategy. It can also be used in downtrends but backtesting it has proven to me that long setups are the best setups. If CME_MINI:ES1! has been uptrending and then starts consolidating but starts to move up from a good support level you can also enter a setup on that market context.
2. Anchor the VWAP from the session open and wait until next day.
3. Wait until price retraces to the 2DAVWAP the next day. It only works when the retracement happens the next day, don't trade that anchored VWAP further than that.
2. Watch the price action - Volume when it reaches the AVWAP. Price action and volume should Show an effort of buyers to continue the trend, Candle should reach the 2DAVWAP and form a hammer candlestick closing above the AVWAP in the 15 min TF (best entry point, wait for candle close).
3. Mark the 38.2% and 50% Fibonacci retracement levels from previous day low to the present day high. The lowest price can go for you to still consider entering the trade is the 50% retracement, lower than that you dismiss the trade. Go with confidence if there is a confluence between fib and the 2DAVWAP.
4. Set a Stop loss based on maximum adverse excursion (MAE) and the average true range (ATR) for that day (this risk management should be defined with backtest). A good tip is always try to enter the closest to were you would be wrong in a trade, which can be below the 50% retracement for example.
5. Set a Target profit based on maximum favorable excursion (MFE) and the average true range (ATR) for that day (this risk management should be defined with backtest). A good tip is try to exit at least at previous highs if there is volatility on the day.
Finally, the entry could be at any time of the day, it could happen at 2 am EST or it could happen at 10 am EST, it really does not matter. Always take trading seriously, stay discipline and do your own backtesting and find what works the best for you. I will be posting more educational posts on AVWAP. This strategy has only been backtested in CME_MINI:ES1! futures.
Doji shooting star time to correctRSI is showing a bearish divergence on the daily with an overbought area and a lowered volume indicating a buying exhustion.
I expect a retrace, question is where are the decent areas to look to re enter??
Well, now we can look at volume and levels of interest.
So, we have a gap on the point of control and even though I dont think it is gonna fill it or even touch it we must consider it and prepare for the scenerio.
if it goes there and partly fills that area (5.54) its still bullish and should enter.
that means that even though there are a lot of people who expect it to fully fill and sell short the buyers were enough to defend that area and get rid of the pressure.
So, that is scenerio 1 which imo is unlikely.
Second more likely scenerio is: we go and retest area value high and create value there as the new area value low or POC: 6.25 a healthy retracement after breakout and it is also the fair value gap area, when it gets to that area you would like to see some hidden or regular bullish divergences.
marked the level as support with a blue circle, it confluences with fibs levels and vwap crazy!.
another scenerio is if we hold 7 usd without cleaning all these bad lows or yes cleaning them (if we support at 0.5 fib and not at 0.382)
to me its unlikely because price is somewhat too expensive still compared to the value it had through the past couple of years so retesting previous levels is likely.
im bullish on payo and i intend to add depends on how the price will act as it approaches these levels. i hope you all enjoyed my analysis.