Get started

Vpvr

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
CGC Key Structural Resistance| Higher Lows| EquilibriumHello traders, Today’s chart update will be on CGC where a trend chance is upon fruition if key levels are broken (Inverse head and shoulders still valid from previous chart – linked) Points to consider - Higher lows evident - Major support at POC - Structural resistance yet to break - Stochastics in upper regions - RSI bouncing off support - EMA’s holding support - Volume declining - Equilibrium probable CGC has put in consecutive higher lows as trend change comes close to fruition. Major support is found at the POC, strong level with buy pressure as volume of transactions peaked. This is a must hold level for the bulls in order to keep a bullish bias. Staunched structural resistance in confluence with the .50 Fibonacci is a critical level in the trend that CGC must break to establish a higher high. 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. RSI is currently bouncing of support, an established trend line, a break will increase the probability of testing lower levels. EMA’s are currently holding CGC support, must hold true when structural resistance is broken. Volume is declining, signalling a move is imminent in either direction, bearish and or bullish. Overall, in my opinion, CGC has a probable equilibrium forming near key structural resistance which has been tested multiple times. The more times a level is tested the higher the probability of it breaking, which in this case will confirm the trend change. What are your thoughts? Please leave a like and comment, And remember, “Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.” ― Yvan Byeajee,
CLong
by AzizKhanZamani
2
MYL - Worth Keeping on a Watch ListThe weekly chart for Mylan has broken out from a bearish trendline this week. We can see from the VPVR that there is not much volume resistance at these prices either. There is also a bullish divergence on the RSI. Relative strength has begun to improve too. The price still needs to clear both a 50-EMA & 200-EMA & bulls would want to see a golden cross occur in the future. A lot of hurdles left for this stock to get over but this may be a name worth keeping on a watch list at least.
MLong
by Chartimistic
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
BTCUSD Bearish FormationBitcoin on the higher time frames created a bearish formation on the lows. on the 2D it's a Triangle which the measuring point would be the bottom trend line (Macro descending channel) . The 2D SMA 200 could be a Support but I don't think it'll hold. Then there is the bottom horizontal support line. It could bounce on there even it can go through and fake the breakage. 2D Stochs are rejected by the Bullish Control Zone: The VPVR on the $6000 horizontal has the last node of the populated area: Hidden Bearish Divergence on 2D RSI(14) is present: Although the Divergence is present in the Bearish control zone and it's a Hidden . So I don't put too much weigh on that. But it can drive the price to the bottom of the range and the horizontal support which is approx. $6800 . So after all, if BTC Close a 2D candle below $6900 , the downside chain reaction would be started and could bring it the low $6000 . From there probably a bounce and ranging ( and even downside continuation ). But before all this BTC could pump from here to the upside of the channel but if this happens nothing will change all of this because the Weekly is on a DownTrend . when a Weekly candle closes above $9600 it would make a Higher High on the Weekly scale, but until then the Weekly and higher time frames are bearish . -Hashem
COINBASE:BTCUSDShort
by rhawshemi
2
FSLY - Weekly Chart Looking BullishFastly has been consolidating on the weekly chart since early November. We are now seeing the Slow Stochastic exit an oversold condition while turning positive for the first time on the weekly chart. I would like to see the RSI finally get back above 50 & hold but I placed a Note icon to point out how to potential bottom had a lot of volume behind it. The price is also rising above major volume levels on the VPVR providing little volume resistance above. All of the relative strength breakdowns are positive on this name as well. All price targets are noted in dotted green lines using Fibonacci Extensions.
NYSE:FSLYLong
by Chartimistic
LTC/BTC S/R Flip | Key Technical Level Broken| Trend Change ?Hello Traders! Last Day of the decade! Bring on 2020! Today’s chart update will be on LTCBTC which has broken a key technical level and has consolidated- S/R Flip. A confirmed trend change will come to fruition when structural resistance is broken, Points to consider, - S/R flip - Strong structural support - Strong Resistance to break - RSI respecting support - Stochastics trading in upper regions - EMA’s close to support - Below average volume LTCBTC has broken a key level convincingly; it needs to consolidate as it confirms the S/R flip. Strong structural support indicates high buy pressure, wicks evidently signals accumulation in the local lows. Structural resistance needs to break next; this will confirm a trend change as market structure will put in a new higher high after consolidation. The RSI is respecting its support, in neutral territory but is coming close to its apex, a break will be imminent. The stochastics is currently trading in the upper region, can stay there for an extended period of time, however lots of stored momentum to the down side. EMAs close to supporting price, it must hold price when testing structural resistance for a bullish bias. Volume is well below average, this signals an influx of volume is likely when testing key levels. Overall, in my opinion, LTCBTC has broken a key technical level confirming the S/R flip. Higher lows need to continue to break key structural resistance, which will confirm the trend change, putting in a new higher high on the pull back. What are your thoughts? Please leave a like and comment, And Remember Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone Happy New Year’s
Long
by AzizKhanZamani
SLV - Weekly Chart BreakoutThe weekly chart for the iShares Silver ETF shows how it has been pulling back from its recent highs back in early September. The stock broke down in early November but was able to find support along the 50-day EMA line. It has managed to break out again this week as it nears volume levels that will not be able to hold much resistance against the price. Continued strength in price should help a Golden Cross occur to confirm the bullish strength behind this commodity. I would like to see this ETF clear $17.10 just so it gets above and holds that last volume level but definitely looking promising. My potential price targets are noted.
AMEX:SLVLong
by Chartimistic
ADA|USD Key Weekly Support| Double Bottom| Lower HighsHello Traders! Today’s update will be on ADAUSD, testing a critical level as it comes close to its apex, a move is imminent. Points to consider, - Bearish Trend - Major weekly support being tested - Local resistance to break - Stochastics in lower regions - RSI respecting trend line - Volume declining - EMA’s giving price resistance ADAUSD has been in an establish bear trend with consecutive lower highs; it is testing a critical weekly support area that must hold as the lower high structure converges. If weekly support holds true, ADAUSD will confirm a double bottom, which is a major reversal pattern. Local resistance will be the first target to break as this will put in a new higher high in the trend, confirming a trend change. The stochastics is currently in lower regions, can stay here for an extended period of time, however lots of stored momentum to the upside. RSI is respecting its trend line, must hold for a bullish bias, a break will likely also mean a break in weekly support, which will be very bearish. Volume is declining rapidly, signalling that a move is imminent as price comes closer to its apex. EMA’s itself is currently giving price resistance, a bullish cross will help negate the bearish trend. Overall, in my opinion, this weekly support is probable to hold, ADAUSD is likely to break bullish from its apex, and an entry would only be valid if ADAUSD breaks local resistance with a bullish retest. What are your thoughts? Please leave a like and comment, And remember, “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
BINANCE:ADAUSDLong
by AzizKhanZamani
2
STRATBTC Keys Resistance Broken| New Higher High!Hello Traders! Welcome to another chart update, Today’s chart will be on Stratis which has broken a key structural resistance level, now potentially support upon a retest. Will Stratis continue with this bullish bias? Points to consider, - Daily trend change - Key structural resistance broken - Stochastics trading in upper region - RSI in upper region - EMA’s cross bullish - Increase in volume - VPVR decreasing in transactions STRATBTC has confirmed a daily trend change by breaking a key resistance level and putting a new higher high. A retest of the key structural resistance will confirm an S/R flip; this is likely as we do have a small bearish divergence coming to fruition. The stochastics is currently in the upper region, can stay here for an extended period of time, however lots of stored momentum to the downside. RSI is travelling in overbought regions; a retest of its support is highly probable. EMA’s have crossed bullish, a strong indicator for a trend change, must hold true for Stratis if it starts to test upper regions. Volume has clearly increased, this is very healthy and must sustain for follow though in price. The VPVR itself is decreasing in transactions, this signals that resistance is low for when Stratis when testing upper levels in terms of volume of transactions. Overall, in my opinion, STRATBTC is likely to retest the now structural support to confirm a bullish re-test before making moves higher. What are your thoughts? Please leave a like and comment, And remember, “Once you find the system that works for your style/personality and confidence is gained, wash, rinse, repeat over and over again.” – Sunrisetrader
SLong
by AzizKhanZamani
IIPR Macro Higher Low ? 100 EMA to break!Hello Traders! Today’s chart update will be on IIPR – Innovative Industrial Properties INC where bulls are attempting to put in a new higher low, a trend change may be coming to fruition. Points to consider, - Potential new higher low - Structural resistance needs to break - Support in green zone - RSI respecting support - Stochastics projected upwards - Strong VPVR cluster to break - Volume below average - 100 EMA to breach IIPR’s overall trend has been bearish with consecutive lower lows; a trend change will come to fruition when a new higher low and higher high is established. Structural resistance is key to break, IIPR was rejected twice with the help from the EMA’s, this resistance is very key to brach otherwise the potential new higher low will be negated. Support was formed in the green zone, a clear double bottom at current given time; this is a strong macro reversal pattern. The RSI is also respecting its support line, we need a third clear touch for confirmation. Stochastics is projected upwards, can stay in the lower regions for an extended period of time, however there is lots of stored momentum to the upside. The VPVR cluster with strong volume of transaction is further resistance to break, volume of transactions decreases drastically after this cluster, signalling low resistance poised for the bulls. The Volume is currently just above average; IIPR needs an increase in volume with follow through when resistances are tested. Overall, in my opinion, a trend change will come to fruition when structural resistance is broken and the 100 EMA is breached. IIPR tends to respect the 100 EMA in a bull trend so it will be key to watch when the new trend starts to put in consecutive higher lows and higher highs. What are your thoughts? Please leave a like and comment, And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite **Please follow me on twitter for daily updates on fundamental news in the MJ and Crypto Speace ! :) Twitter handle in profile link
NYSE:IIPR
by AzizKhanZamani
ACB Brutal Downtrend | Key Support Level Hello Traders! Today’s chart update will be on ACB – Aurora Cannabis INC, which has been in full control by the bears, currently it is testing a key support level that must hold… Points to consider, - Strong downtrend - Major structural support being tested - Local resistance at $3.50 region - Stochastics projected up - RSI close to testing resistance - EMA’s giving price resistance - Visible increase in volume The trend has been bearish with consecutive lower higher in place, there are no clear signs of this changing as of yet. ACB is currently testing a major support level that must hold as this is the last hope for the bulls from a technical aspect. Local resistance is found at $3.50 mark, this is the first level that bulls need to break when trend change is confirmed. Stochastics is projected up with lots of stored momentum; however it can stay in lower regions for an extended period of time. The EMA’s have been giving ACB resistance in this downtrend, a cross bullish will help break resistance levels. There has been a visible increase in bull volume; ACB needs to sustain this with follow through to help change the overall trend. In my opinion, ACB is still in a strong bear trend; price needs to mature at current support level to determine if a trend change is even probable. ACB needs to sustain bull volume to put in a new higher low market structure… What are your thoughts? Please leave a like and comment, And remember, “The market is a device for transferring money from the impatient to the patient.”- Warren Buffet ***Please follow me on twitter for daily updates on fundamental news in the MJ and Crypto Speace ! :) Twitter handle in profile link
A
by AzizKhanZamani
2
NEOBTC Bull Flag Formation | Strong Trend | key Level Holding Hello Traders! Update on NEOBTC, which has proven me wrong from previous analysis (see chart linked), NEO has successfully broken bullish from its apex and is consolidating above the .618 Fibonacci Level. Points to consider, - Strong Bull Trend - Key resistance broken, S/R Flip - Price consolidating on support - Volume Declining - RSI respecting support - Bull Flag formation NEO has established a very strong uptrend since 26th October 2019, breaking key resistant levels, price is now consolidating on the .618 Fibonacci level, which was a previous staunched resistance. Volume is clearly declining upon consolidation, signalling that a move will be imminent; we have a bull flag formation which puts emphasis on the probability of a continued bullish bias from current level. The RSI has been respecting support, which is healthy in this trend, showing that buyers are in control at current given time. The stochastics is currently projected downwards slightly, but as we can see, it can stay in upper regions for an extended period of time (Blue highlighted area). The VPVR is quite interesting, the volume of transactions increases as it gets closer to the blue trend line, which is a good area to take profits due to technical confluences. Overall, in my opinion, NEO has a high probability of break bullish from this flag as we are in a strong uptrend. Volume is declining, which is what we need to see in a flag formation, we are also holding and respecting a key support, that is the .618 Fibonacci level. What are your thoughts? Please leave a like and comment, And remember, “Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
Long
by AzizKhanZamani
Volume Climax| Key Levels| Need Bull Volume Follow through!Hello Traders!, Welcome back! Today’s chart update will be on ICX, bulls have got very critical levels to break to maintain a bullish bias… Points to consider, - Price testing resistance - Rejection from major trend line - RSI coming into resistance - EMA’s holding price as support - Volume climax ICX is trying to maintain a bullish projection but there is not enough follow through from the bulls. Price harshly got rejected from trend line resistance, signalling strong sell pressure, a return to local support line is more probable. The stochastics is currently in the lower regions, can stay here for an extended period of time, however lots of stored momentum to the upside. RSI is coming into its apex, meaning a break is imminent, the direction of the break will dictate the direction of ICX. The EMA’s are currently holding price as support, this must stay true for the bullish bias as price tests critical levels. The recent volume climax signals that there are a lot of sellers at upper trend line resistance. Overall, in my opinion, ICX is more probable to return back to the local trend line as bull volume has not followed through. This will cool of all indicators such as the RSI before ICX has another attempt at breaking current resistance. What are your thoughts on ICX, can it maintain a bullish bias? Please leave a like and comment And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
by AzizKhanZamani
3
TRXBTC Trend Change| Higher Lows|Key Resistance ! Hello Traders! Today’s chart update will be on TRX, 240 timeframe, testing an important resistant level that needs to break to keep the bullish bias. A break from this level will increase the probability of TRX testing structural resistance, which has multiple technical confluences. Points to consider, - Confirmed Trend Change - Support provided by EMA’s - Key resistance being tested - Stochastics projected upwards - RSI trading in upper region - Healthy Volume - VPVR cluster showing low volume of transactions - Structural resistance as next target TRX has broken its lower low projection and has successfully put in consecutive higher lows as it comes into a key resistance. TRX needs to break this resistance with convincing volume to keep the uptrend intact. Support is currently being provided by the EMA’s which has turned bullish from local lows. The stochastics is currently trading in the upper region, can stay up here for an extended period of time, however we do have lots of stored momentum to the downside. The RSI on the other hand is respecting its support (red line), bouncing of it multiple times. Volume is currently healthy, its needs to sustain with bull volume to break resistance, which will also avoid the chances of a false break. The VPVR is showing low volume of transactions from resistance to structural resistance. This signals that this cluster will pose little resistance in terms of volume of transactions, if and when TRX tests. Structural resistance is the technical target for TRX as this level is in confluence with multiple technical indicators such as the .50 Fibonacci level and the 1.618 Fibonacci Extension. Overall, In My Opinion, TRX has established an uptrend with consecutive lower highs, the market structure has changed. TRX needs to break current resistance levels in order to keep the bullish bias. Volume is looking very healthy for this break, so we do have a greater probability of breaking resistance and meeting technical target. What are your thoughts on TRX trend change? Please leave a like and comment, And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
Long
by AzizKhanZamani
3
BTCUSD Falling Wedge Pattern| Bullish Divergence Hello Traders! Shorter term analysis on BTC today, we have a falling wedge pattern and a clear bullish divergence coming to fruition. Will bulls have momentum to push price back up to the falling wedge resistance line? Points to consider, - Trend traveling between support and resistance - Local support in confluence with .618 Fibonacci - Stochastics projected upwards - RSI respecting trend line - EMA’s holding price as support - Volume declining with impulses The falling wedge pattern is coming close to its apex where Bitcoin eventually will have to choose a direction upon breakout. This pattern is considered to be a bullish formation, so the probability of us breaking north is higher. Local support has been respected, it is in confluence with the .618 Fibonacci level, giving it more emphasis as a strong base for Bitcoin. Buyers have shown up in this area, further confirming the S/R flip theory. The stochastics are currently projected upwards, still has momentum stored to the upside for the bulls. The RSI is respecting its trend line, converging from price as it puts in lower lows whilst the RSI puts in higher lows. This signals a strong emphasis on the overall bullish divergence being at play. EMA’s currently is holding price as support, needs to maintain this for bullish continuation of the trend. Volume however is declining with bull and bear impulses, a break from this falling wedge pattern will be confirmed with an increase in volume. Overall, In My Opinion, the falling wedge pattern has a high degree of breaking bullish due to the bullish divergence and price holding key local support. We need to keep an eye on volume to avoid a false breakout. What are your thoughts on the falling wedge pattern? Please leave a like and comment, And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
COINBASE:BTCUSDLong
by AzizKhanZamani
2