SAND | Massive Volume IncreaseThe Sandbox chart looks beautiful. The volume increased massively, and the gaming sector in general is doing really well. I think this is ready for lift-off.
Volume
Intraday Levels for Nasdaq 100 Futures - 12/05/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
XRP Golden Ratio Acting as SupportI believe the worst of this sell off has happened. The Golden Ratio is acting as support.
Some money has rotated out of the XRP pump and into BTC which has just broken $103k
There is about 10M of buy support at $2.28
There is about 5M of buy support at $2.16
$2.30 will act as the launch pad for the next leg up, once the excitement leaves BTC.
Correction before the rise of Bitcoin. D1 26.11.2024Correction before the rise of Bitcoin 📈
After Trump's victory, crypto is on everyone's lips, in particular bitcoin. A little bit not reaching the psychological level of 100k, the price began to correct. Judging by the structure of the movement, I expect that the downward movement is not a reversal, but a correction and rebound to 100k is ahead of us. Now there is a strong buyers' zone 88700-91900 on the way of fall, from which I expect the continuation of growth. The monthly profile of accumulation also falls into this zone. Perhaps a little false break of the zone will try to make, but in general the area is strong and we are waiting for 100k mark till the end of the year, and further on according to the situation.
BINANCE:BTCUSD
Technical Analysis of Gold Spot (XAU/USD) - 1H ChartThe chart reflects a symmetrical triangle pattern forming after a period of consolidation, indicating a potential breakout or breakdown. Price is currently near the $2,650 level, with key support and resistance zones nearby. Below is a detailed analysis for both bullish and bearish scenarios, with probable entry and exit points.
Key Observations
Symmetrical Triangle Pattern:
The price is consolidating within converging trendlines, forming a symmetrical triangle, which typically signals a breakout in either direction.
A decisive breakout above or below the triangle will dictate the next significant move.
Support Levels:
$2,620–$2,622: Key support zone aligned with the triangle's lower trendline and a buy-side order block.
$2,601–$2,605: Major demand zone where buyers stepped in strongly before.
$2,555–$2,560: Extended support level and key demand zone for a deeper correction.
Resistance Levels:
$2,662–$2,665: Immediate resistance zone aligned with the triangle's upper trendline and recent sell-side activity.
$2,711–$2,722: Major resistance zone and breakout target.
$2,738–$2,758: Extended resistance, marking the next bullish target zone if the uptrend sustains.
Volume Analysis:
Buy Volume (7.033M) vs. Sell Volume (504.9K): Indicates strong buying interest holding the price near support.
However, a Delta Volume of 68.66% suggests moderate seller dominance near resistance zones.
NY Midnight Open:
The NY Midnight Open at $2,648.88 is serving as a pivot level, with price oscillating around this area.
Bullish Scenario
Conditions for a Bullish Move:
A breakout above the $2,662–$2,665 resistance zone with strong volume would confirm bullish momentum.
Sustaining above the triangle’s upper trendline will likely trigger further upside movement.
Entry Points:
Aggressive Entry: Buy near the $2,620–$2,622 support zone, with a stop-loss below $2,610.
Conservative Entry: Buy on a breakout and retest above $2,662, with a stop-loss below $2,650.
Exit Points (Take Profit):
First Target: $2,711 (key resistance zone and breakout target).
Second Target: $2,722–$2,738 (extended bullish target).
Final Target: $2,758 (major resistance).
Invalidation:
A breakdown below $2,610 would invalidate the bullish setup.
Bearish Scenario
Conditions for a Bearish Move:
Price fails to break above $2,662 and rejects the triangle's upper trendline.
A confirmed breakdown below $2,620 would signal bearish momentum.
Entry Points:
Aggressive Entry: Short near $2,662, with a stop-loss above $2,670.
Conservative Entry: Short after a confirmed breakdown below $2,620, with a stop-loss above $2,630.
Exit Points (Take Profit):
First Target: $2,601–$2,605 (strong demand zone).
Second Target: $2,555–$2,560 (extended support zone).
Final Target: $2,520 (major demand area for a deeper correction).
Invalidation:
A breakout above $2,670 would invalidate the bearish setup.
Key Indicators to Monitor
Breakout Confirmation:
Watch for a strong breakout with high volume either above the $2,662 resistance or below the $2,620 support to confirm the next move.
Volume Dynamics:
Increasing buy volume near $2,620 will support the bullish case.
Strong sell volume near $2,662 would indicate rejection and favor the bearish scenario.
Triangle Pattern:
A breakout above or below the symmetrical triangle will signal the next significant trend direction.
Summary of Probable Entry & Exit Points
Scenario Entry Zone Stop-Loss Target Levels
Bullish $2,620–$2,622 (Aggressive) or above $2,662 (Conservative) $2,610 $2,711, $2,738, $2,758
Bearish $2,662 (Aggressive) or below $2,620 (Conservative) $2,670 $2,605, $2,560, $2,520
Conclusion
Bullish Outlook: A breakout above $2,662 could trigger a rally toward $2,711 or higher.
Bearish Outlook: A rejection at $2,662 or a breakdown below $2,620 could lead to declines toward $2,605 or $2,560.
Traders should closely monitor price action at the triangle trendlines and key levels for breakout confirmation, while managing risk with tight stop-losses.
USDT the big rebound - The Rise from the Ashesin my newest finding i will tell you about USDT rise from the Ashes
as you can see we build a very volume heavy low
corresponding to a low in March and a really good rebound is about to happen
be prepared for heavy downturns in the crypto market
as always, just my opinion and looking for ppl who share thougths on it
no trading advice
Bitcoin as Water. Will Bitcoin move towards less resistance?Hello,
The volume profile of this chart with 4-hour candles indicates two levels where high trading interest can be found. One of these levels is the orange level, $91.5k, around which Bitcoin built a strong support zone. The other level is the red line, $98.5k, where BTC has a strong sell zone. I expect the price action to unfold between these two zones. You may ask which would come next. The current price, $97.1k, is closer to the sell zone than the buy zone. Hitting the sell zone requires less effort than falling into the buy zone. A few people observed that the market often moves towards less resistance. This lesser resistance is now moving into the sell zone. Furthermore, MACD goes up like a bullish trend, which means technicals contribute to BTC hitting the sell zone next time. The white trendline on the chart can act as additional support, which means for BTC to fall into the buy zone, it has to cut down the white trendline. Again, the less resistance for the price would be not to cut down the support trendline, but to pump into the sell zone, which is open from the bottom up without additional resistance standing in the way.
Regards,
Ely
NaturalGas enters resistance zone. H4 25.11.2024⛽️ NaturalGas enters resistance zone 📉
On gas the price has entered the zone of strong resistance 3.51-3.63 from which I expect a new exit of the price down. Now on the comeback a false break above is possible, but in general the zone for selling is strong. I aim for a bounce down to 3.0 and 3.15, and there will clarify. The main support is near 3.0 and there is the boundary of the ascending channel from which they can bounce up again.
FX:NGAS
Wedge accumulation forming on BTC dailyA wedge structure, consolidating price action forming on the BTC daily chart. I would generally consider this to be a bullish continuation pattern. There is the chance that it could break down of course. Volume is decreasing in the pattern which is further support of the idea. In general, these are sized up by the price difference between the opening end (left side) of the beginning of the wedge. It isn't possible to make an exact prediction until the breakout but roughly we should expect a $9,000+ breakout (up or down) once the wedge pattern is broken. Often there can be a retest of the wedge but it is a small wedge and BTC is overall really bullish right now, so I would expect it to just run again after the breakout.
The BankNIFTY Index Futures chart - Fibonacci Trading StrategyThe BankNIFTY Index Futures chart presents a fascinating case for Fibonacci retracement analysis. After a significant downtrend from the peak at 55,000, the index has shown a series of bounces and pullbacks, which are classic signals for Fibonacci traders.
Key Observations:
Downtrend Confirmation: The initial peak around 55,000 was followed by a sharp decline, confirming a bearish trend. This sets our high point for Fibonacci levels.
Fibonacci Levels:
From the high at 55,000 to the low at 50,130, key Fibonacci retracement levels are established:
23.6% at 51,288
38.2% at 52,003
50% at 52,582
61.8% at 53,160
78.6% at 53,984
Support and Resistance: The chart shows multiple touches around the 50% (52,700) and 61.8% (53,160) levels, indicating strong support/resistance zones. The recent price action around these levels suggests potential reversal or continuation signals.
Trading Strategy:
Long Position: Consider entering a long position if the price finds support at the 50% or 61.8% Fibonacci levels, especially with confirmation from other indicators like RSI or MACD. Stop loss can be set below the 78.6% level or recent swing lows.
Short Position: If the price breaks below the 50% level with volume, it might target the 61.8% or even the 78.6% Fibonacci level for further downside. Confirmation from bearish candlestick patterns or momentum indicators would strengthen this trade.
Breakout Strategy: Watch for a breakout above the 61.8% or 78.6% levels. A confirmed breakout could lead to a new uptrend, with targets potentially aiming for the previous high or higher Fibonacci extensions.
Volume Analysis: Notice the spike in volume around the recent lows and subsequent recovery. This could indicate strong buying interest at lower levels, suggesting a potential bullish reversal or at least a strong support zone.
Risk Management: Always use stop losses to manage risk, especially in volatile markets like BankNIFTY. Adjust your position size according to your risk tolerance and the volatility of the instrument.
This Fibonacci-based approach provides a structured way to navigate the market's waves, leveraging historical price action for future predictions.
GER 40 Trade LogGER40 Short Position (Discretionary)
Rationale :
- Overextension: The GER40 index appears significantly overextended without substantial fundamental support.
- Rising German Bond Yields: An increase in German government bond yields suggests a shift towards higher borrowing costs, potentially impacting equity valuations.
- MACD Divergence: A notable divergence between the MACD indicator and price action indicates a weakening bullish momentum, often preceding a trend reversal.
- CVD Divergence: Divergence in the Cumulative Volume Delta points to a disparity between buying and selling pressures, signaling a potential downturn.
Trade Details :
- Position: Short GER40 via market order
- Risk Management:
- Risk per Trade: 1% of trading capital
- Risk-Reward Ratio (RRR): 1:2
Note: This trade is discretionary and anticipates a sharp correction at market open. Despite the lack of a formal signal, the confluence of technical indicators and macroeconomic factors supports this decision.
Technical Analysis of Gold Spot (XAU/USD) - 1H ChartThe chart reflects Gold's price action consolidating between critical support and resistance zones, with potential breakout or breakdown scenarios. Below is a detailed analysis of bullish and bearish setups with entry and exit strategies.
Key Observations
Trend Overview:
The price is trading within a range-bound structure, with resistance near $2,662 and support at $2,620–$2,622.
The formation of a liquidity void near the $2,662 resistance zone highlights strong sell-side activity during prior tests.
Support Levels:
$2,620–$2,622: Immediate support zone, aligning with the Buy-Side Order Block.
$2,602–$2,605: Strong demand zone where buyers previously entered aggressively.
$2,586–$2,590: Extended support zone in case of a deep correction.
Resistance Levels:
$2,662–$2,665: Immediate resistance zone, coupled with sell-side pressure.
$2,711–$2,720: Major resistance and potential breakout target.
Volume Analysis:
Buy Volume: 2.797M vs. Sell Volume: 489.6K (Delta Volume: 140.41%): Indicates bullish activity holding price above support.
The low volume near $2,662 suggests that sellers are actively rejecting higher prices.
NY Midnight Open:
Price is hovering near the NY Midnight Open at $2,644.36, acting as an intraday pivot level.
Bullish Scenario
Conditions for a Bullish Move:
Price must sustain above the $2,620–$2,622 support zone and break through the $2,662 resistance zone.
A breakout and close above $2,662 would confirm bullish momentum toward higher resistance levels.
Entry Points:
Aggressive Entry: Buy near the $2,620–$2,622 support zone, with a stop-loss below $2,610.
Conservative Entry: Enter on a breakout and retest above $2,662, confirming bullish continuation.
Exit Points (Take Profit):
First Target: $2,662 (immediate resistance breakout level).
Second Target: $2,711 (key resistance zone).
Final Target: $2,720 (extended bullish target).
Invalidation:
A breakdown below $2,610 would invalidate the bullish setup.
Bearish Scenario
Conditions for a Bearish Move:
Price fails to break above $2,662, facing strong rejection and confirming sell-side dominance.
A confirmed breakdown below $2,620 would open the path for further downside.
Entry Points:
Aggressive Entry: Short near $2,662 if price shows rejection, with a stop-loss above $2,670.
Conservative Entry: Enter short after a confirmed breakdown below $2,620, with a stop-loss above $2,630.
Exit Points (Take Profit):
First Target: $2,602–$2,605 (key support zone).
Second Target: $2,590 (extended support).
Final Target: $2,586 (major demand zone and extended bearish target).
Invalidation:
A breakout above $2,670 would signal bullish continuation and invalidate the bearish setup.
Key Indicators to Monitor
Volume Behavior:
Increasing buy volume near $2,620 supports the bullish scenario.
High sell volume near $2,662 would confirm bearish pressure.
Price Action at Resistance:
Price must break and sustain above $2,662 to confirm a bullish breakout.
Liquidity Zones:
The liquidity void near $2,662 will determine whether sellers dominate or buyers push price higher.
Summary of Probable Entry & Exit Points
Scenario Entry Zone Stop-Loss Target Levels
Bullish $2,620–$2,622 (Aggressive) or above $2,662 (Conservative) $2,610 $2,662, $2,711, $2,720
Bearish $2,662 (Aggressive) or below $2,620 (Conservative) $2,670 $2,605, $2,590, $2,586
Conclusion
Bullish Outlook: A breakout above $2,662 can lead to a rally toward $2,711 or even $2,720.
Bearish Outlook: A rejection at $2,662 or a breakdown below $2,620 could result in declines toward $2,605–$2,586.
Traders should closely monitor the price action and volume near $2,620 and $2,662 to confirm the next move. Manage risk with tight stop-loss levels and clear entry triggers.
A8USD 12/2/2024A8USD Daily Chart Analysis
The chart for A8USD displays a classic bullish reversal pattern, signaling a strong potential for upward movement. Here's the analysis:
Key Observations
1. Pattern Formation:
o Between October and November 2024, price appears to have formed a bottom, creating an inverted head and shoulders pattern.
2. Neckline Breakout:
o At the end of November, price broke through the neckline of the pattern.
o Several consecutive closes above the neckline reinforce the breakout's validity.
3. Volume and Momentum:
o A spike in volume confirms strong participation in the breakout.
o The MACD in bullish territory indicates positive momentum backing the move.
Trade Details
• Position: Long
• Entry: 0.1270
• Stop Loss: 0.1052 (17.21% risk)
• Initial Target: 0.2177 (67.48% potential return)
• Risk-to-Reward Ratio: 3.93
This trade setup offers an excellent risk-to-reward ratio and is supported by a solid technical reversal structure and bullish momentum indicators.
AELPH - Clear Cup & Handle This will pump, like everything else currently, but ones with clear bullish formations pump harder. RSI took a sharp upward turn indicating that buying has elevated. Im sure this will take off faster than the girl you brought home Saturday night! lol
ETH Stalling: Is a Reversal Brewing? Price Action Hints at Potential Downside
Ethereum (ETH) bulls seem to be losing control. After a strong surge, the price action is showing signs of fatigue. Here's what we're seeing:
Resistance Rejection: ETH has struggled to break above ~$3600. This inability to achieve this key level suggests the buying power is waning. This key level is acting like a ceiling, with sellers aggressively defending it.
Keep a close eye on the ~$3600 level. A break above this level could confirm a reversal and send ETH towards higher highs. White Box's indicate potential Take Profit Zones.
What do YOU think? Is this the end of the ETH rally?
Disclaimer: This is not financial advice. Please do your own research before making any trading decisions. Further levels will be posted as the price action develops.
UsdjpyName: usdjpy
Reason for entering the buy deal:
Completing your hormone pattern called (shark) and completing it at the target and also forming a table top sequence
•4-hour time frame
Please use capital management and commit to the stop
Intraday Levels for Nasdaq 100 FuturesThis analysis highlights key Support zones for intraday trading, based on the provided chart.
Analysis
The Nasdaq 100 has reached its all-time highs, meaning there are currently no technical resistances above the current levels. However, we can identify some support zones where the price might bounce or reverse.
Considerations
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Ape Coin: Ready to Ride the Wave of 2025Hi All, 👋
Ape Coin has been fluctuating in a descending channel but then reached cent prices. Previously, it dropped sharply but later corrected and stabilized within a channel until now!
Currently, the volume of money in Ape Coin has remained steady and hasn't been withdrawn from the whalers. 🐋💰
A new upward trend might start in the new year 2025, and I'm waiting for a stronger wave to make a second entry investment. I bought at the bottom and am ready to re-enter again in good wave! 📈🚀
If you're considering investing in this well-known NFT Ape Coin, manage your risk properly and Don't Be Greedy!!! 💡📊
Remember, capital and risk management are crucial in financial markets. 📈💼
Good luck, everyone! 🍀✨
Happy Investing All, ❤️
Armin
ETH expecting 4000$ H4. 03.12.2024🔷#ETH expecting 4000$ 📈
On Etherium I expect a correction to the zone of buyers from D1 combined with the key profile volume 3.441- 3.254, and from there the continuation of growth, with targets of 4000$ per coin.
BINANCE:ETHUSDT
Technical Analysis of Gold Spot (XAU/USD) - 1H Chart
This chart depicts a consolidation phase with price action fluctuating between support and resistance levels. The market currently trades within a range, with key levels providing opportunities for both bullish and bearish scenarios.
Key Observations
Trend Overview:
Gold remains in a sideways consolidation phase, trading between the $2,620–$2,662 range.
The price attempted to test the resistance near $2,662 but faced rejection, suggesting sellers are active at higher levels.
Support Levels:
$2,620–$2,622: A critical short-term support zone, marked by the presence of a Buy Side Order Block.
$2,602–$2,605: Next major support zone if price breaks below the immediate support.
$2,585–$2,590: A strong demand area and a potential target for a bearish move.
Resistance Levels:
$2,662–$2,665: Immediate resistance zone where sellers dominate, reinforced by liquidity voids.
$2,711–$2,715: Major resistance zone and an extended target for a bullish breakout.
Volume Analysis:
Sell Volume (203.25K): High sell-side activity suggests resistance near $2,662.
Buy Volume (2.567M): Buyers are stepping in near the $2,620–$2,622 support zone to prevent further downside.
Key Levels:
NY Midnight Open: Positioned at $2,640.31, acting as an intraday pivot level.
Bullish Scenario
Conditions for a Bullish Move:
Price must hold above the support at $2,620 and break above the resistance at $2,662.
Sustained buying momentum could target higher levels at the top of the range.
Entry Points:
Aggressive Entry: Buy near $2,620–$2,622, with a stop-loss below $2,610.
Conservative Entry: Enter on a breakout above $2,662, with a stop-loss below $2,650, targeting higher levels.
Exit Points (Take Profit):
First Target: $2,662–$2,665 (liquidity void resistance).
Second Target: $2,711–$2,715 (major resistance zone).
Invalidation:
A breakdown below $2,610 would invalidate the bullish scenario.
Bearish Scenario
Conditions for a Bearish Move:
Price fails to break above $2,662 or rejects near this level.
A breakdown below $2,620 would signal bearish continuation.
Entry Points:
Aggressive Entry: Short near $2,662, with a stop-loss above $2,670.
Conservative Entry: Enter short after a confirmed breakdown below $2,620, with a stop-loss above $2,630.
Exit Points (Take Profit):
First Target: $2,605 (next support level).
Second Target: $2,585–$2,590 (key demand zone).
Invalidation:
A breakout above $2,670 would invalidate the bearish setup.
Key Indicators to Monitor
Volume Analysis:
Increasing buy volume near $2,620 strengthens the bullish case.
Heavy sell volume near $2,662 would support the bearish outlook.
Breakout Levels:
A breakout above $2,662 signals bullish momentum, while a breakdown below $2,620 indicates bearish continuation.
Order Blocks:
The Buy Side Order Block near $2,620 is critical for maintaining bullish support. If price closes below this level, expect further downside.
Summary of Probable Entry & Exit Points
Scenario Entry Zone Stop-Loss Target Levels
Bullish $2,620–$2,622 (Aggressive) or above $2,662 (Conservative) $2,610 $2,662, $2,711
Bearish $2,662 (Aggressive) or below $2,620 (Conservative) $2,670 $2,605, $2,585
Conclusion
Bullish Outlook: If price holds above $2,620 and breaks above $2,662, expect a move toward $2,711.
Bearish Outlook: A rejection at $2,662 or a breakdown below $2,620 could lead to declines toward $2,605 or lower.
Traders should watch for a breakout or breakdown of the range to confirm the next major move while managing risk with appropriate stop-loss placements.
DOGE seems to start its rally
DOGE is one of the biggest cryptos and supported by Elon Musk.
It seems that DOGE wants make a move after a long period of consolidation in a huge triangle.
I look at the CMF values and see some early sign of a potential break-out triggering a big rally. Although DOGE was stable at a strong support (90% down from ATH), CMF has been increasing since August 2022. Now, CMF value is about to flip to positive values. When this happened in the past, precisely in December 2020, DOGE had made x15.
So I'm buying (DCAing) here and wait for some news from Elon or the community.
How's about you? Do you think that DOGE will be back to its ATH or even better set a new one?
XRP long-term plan
XRP has been consolidating below $0.6 for almost two years.
The current weekly candle is not really impressive when comparing XRP with other big cap cryptos. However, this candle would be a start for future big moves. Indeed, the long-term trendline since May 2021 seems to be broken very soon. The trendline of volume indicator CMF is also being broken.
My plan was to accumulate XRP around $0.5-$0.6 (or any lower dips) and take profit at mid-term (starting from $1.6) and long-term target (around $5).
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
---- About XRP ----
XRP is a digital currency commonly associated with Ripple Labs, a technology company focused on providing solutions for cross-border payments. XRP serves as a bridge currency in the Ripple network, facilitating the transfer of value between different fiat currencies or other cryptocurrencies in a fast and cost-effective manner. It's often used by financial institutions and payment providers for remittances and other cross-border transactions due to its efficient settlement times and low transaction fees.
WTI Crude Oil 2024: Range-Bound Trends and Key LevelsBig Picture:
WTI Crude Oil Futures prices have been largely range-bound for most of 2024 with yearly low of 62.54 and high at 81.75 defining the trading range. Analyzing the Composite Volume Profile since January 2022 reveals that 2024’s price action has been contained within the Composite Value Area High (CVAH) at $79.91 and Composite Value Area Low (CVAL) at $63.57
We further note that while there are many bearish and bullish analyses for crude oil floating from different market analysts, market auction theory and charts point towards further range bound price action for December 2024 and foreseeable 2025 ahead until proven otherwise.
OPEC+ meeting is scheduled to take place on December 5th, 2024. It was previously planned to take place on Dec 1st, 2024. The change accommodates the Kuwait Summit, with Saudi Arabia and its allies expected to discuss production quotas—a decision that could influence market dynamics.
Additionally, U.S. crude oil production in 2024 has reached record-high levels.
Geopolitical issues have not had a major impact on Crude prices as prices remain range bound. Intraday volatility remains amidst geopolitical uncertainty.
WTI Crude Oil Key Levels:
CVAH : 79.91
CVAL : 63.57
2024 Yearly Mid : 72.15
2024 Yearly Lo : 62.54
2024 CVAH : 75.60
2024 CVAL : 66.97
Market Scenarios:
Short Term Resistance (2024 Mid and CVAH) : Price movements toward the upper range (CVAH at $79.91 or $75.60) could signal buyer exhaustion, with limited upside momentum expected.
Short Term Support (CVAL and Yearly Low) : Movements toward lower levels (CVAL at $63.57 or $66.97) may indicate seller exhaustion, preventing a significant breakdown.
As crude oil remains range-bound, traders should monitor these key levels and the OPEC+ meeting outcomes for potential catalysts. Until then, the market appears set to maintain its current trading range.
Disclaimer : The views expressed are personal opinions and should not be interpreted as financial advice. Derivatives involve a substantial risk of loss and are not suitable for all investors.
