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Anchoredvwap

Will SPY continue to rise? LONGOn the 30- minute chart, SPY is in an uptrend continuing from the end of the last trading week. I see this as continuing for the following reasons on analysis: 1. The Lorentzian AI machine learning indicator's last signal was a buy signal. Given its specific accuracy of 73% as the table reports, I suspect the uptrend will continue until a sell signal prints. 2. The VWAP anchored to July 6th shows price riding the upper VWAP bands suggesting that buying pressure exceeds selling pressure over the past week. 3. The MTF RSIs are steadily rising with the lower TF above the higher TF and no evidence of weakening or bearish divergence. 4. The zero-lag MACD shows lines crossed and are now parallel and about to cross over the horizontal zero line. 5. In the last trading day, the price ran up then momentum stalled for profit-taking and consolidation to rest for the next. 6. Trading volumes have been at or above the running mean throughout the recent past showing higher than usual trader interest which bodes well for volatility to be played for profit. 7. If I were looking for chart patterns, I would say that SPY is currently a high tight flag. It is expectant of bullish continuation Overall, I have further interest in trading call options with a low time interval until expiration. I will use intraday pivots on low time frames to select entries and pick strikes based on expected moves in analysing VWAP bands or Bollinger Bands.
AMEX:SPYLong
by AwesomeAvani
TSLA's bull-flag breakout meets the VWAP anchored to its ATHPrimary Chart: Daily chart of NASDAQ:TSLA with anchored-VWAP from Nov. 2021 all-time high Different stocks tend to have unique price characteristics. Some move timidly, others move boldly. Some are volatile, some are tame. Some some make predictable moves in incremental steps, and others whipsaw around before crashing higher or lower. NASDAQ:TSLA is anything but timid. It's price action tends to be the bold and volatile. And it has no problem faking out directionally bullish or bearish traders—and it may often even take a few non-directional premium sellers down with it as well. Just look at the chart from its pandemic 2020 lows, Supplementary Chart A. Rallies are spectacular, eye-popping, and unbelievable. Declines are precipitous and devastating. Dabbling in TSLA stock, with or without leverage, or its options is not for the faint hearted, requiring traders to be both nimble and expert risk managers. Supplementary Chart A Just a few days ago on May 30, 2023, TSLA broke out of an apparent bull-flag pattern. A bull-flag pattern is a consolidative pattern that interrupts a rally. Conversely, a bear-flag pattern—not the case here—is also a consolidative pattern that interrupts a decline. Bull flags take the shape of a narrow range where trading peaks and valleys form a parallel channel with the downtrend line at the upper bound and the return line at the lower bound. When confirmed, flags tend to be a continuation pattern and involve a breakout in the direction of the (short-term or long-term) trend that led to the flag. The length of the trend leading to the flag gives a hint at its significance. This flag breakout gave traders little time to catch it. Even the retest didn't even fall all the way back to touch the bull-flag channel, making only a perfunctory attempt, a feint perhaps, at touching the flag channels upper trendline. See Supplementary Chart B.1 below. The breakout made some technical sense given that TSLA's price had found support or recovered its VWAPs anchored to recent swing highs and lows from January 2023 and March 2023 as shown in Supplementary Chart B.2. Supplementary Chart B.1 Supplementary Chart B.2 But now, TSLA has run straight into its anchored VWAP from its all-time high in November 2021. See Supplementary Chart C.1. This is a critical level to watch. The Primary Chart also shows this VWAP going back to the all-time high, and it reveals how this anchored VWAP has been resistance. Because NASDAQ:TSLA is prone to false breaks and whipsaws—see the April 2022 highs and the August 2022 highs as examples—it is not surprising that TSLA has tended to break above this critical VWAP several times toward the end of its bear rallies only to fail after trapping a bunch of bulls. At the August 2022 highs for TSLA, it broke above and below this VWAP repeatedly, trapping bears and bulls several times. So it may be reasonable to expect trappy price moves around this multi-year VWAP again this time before a reliable direction becomes more apparent. This will be important to monitor. Many traders and investors have developed a narrative that has convinced them one way or the other. And at the end of the day, many may lose, although this author wishes only the best of luck to every reader who trades TSLA (shorts and longs). Even the ones who are correct as to the ultimate direction months from now may get stopped as price traps around this level. Supplementary Chart C.1 If TSLA can break and hold above its ATH anchored VWAP, then perhaps it can reach its 50% retracement at $258, shown in green on Supplementary Chart D below. Note that Supplementary Chart D contains the Fibonacci levels covering TSLA's entire bear decline from its November 2021 all-time high. This coincides with a gap that may draw price to $262, which is just above that retracement level. And a key resistance area from September 2022 lows lies at $265. Decisive closes above this VWAP may bode well for short-term traders to target this $258-$265 zone. Supplementary Chart D For those who find themselves very attached to a security or crypto (including TSLA)—meaning essentially unable to part with it to the point of ignoring risk management—please consider that the yield curves remain deeply inverted. Since this yield-curve post was published back in late November 2022, the 10y/3m yield curve has inverted even more deeply into negative territory. TradingView's yield charts don't go back far enough, but for all the data shown by TV, the inversion is a record. Liz Ann Sonders of Schwab posted a chart in January 2023 showing that it was the deepest inversion since 1981, which in January meant that this segment of the curve had reached a 42 year record inversion! Other widely followed yield-curve inversions have fallen into record inversion territory as well. But this may not preclude TSLA from rallying hard similar to the way AAPL and NVDA have done. On the other hand, TSLA may be late to the party if the party decides to end soon. No one knows, but traders can watch how price interacts with key levels, which provides more information than the best macro analyst on the planet. ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NASDAQ:TSLA
by SquishTrade
13
GS Pre Earnings LONGGoldman Sachs pivoted from a low on July 11th into a trend up until July 14th during which it pulled back. Since earnings are on July 19th, I see room now for a pre-earnings long entry. The MTF RSI indicator shows the lower TF RSI in blue reflecting the pullback while the higher TF RSI in black shows the longer trend up with the RSI holding support at 50. The zero-lag MACD shows a line cross under a slightly positive histogram suggesting the pullback will reverse to continuation. Overall, I see GS as being suitable for long entries which I will take as call options. I will zoom into the 5 or 15 minute chart and look for a pivot low as the ideal entry. I will set a stop loss of 10% while taking one contract as a strike $330 expiring July 21st and another $330 expiring July 28th. I have picked targets based on the upper standard deviations of the VWAP bands anchored back to the pivot low on July 11th. Overall, I am expecting a 100% ROI on the two contracts.
NYSE:GSLong
by AwesomeAvani
KO trending up LONGKO as a long standing Buffet holding- is a slow mover with a decent dividend. For stock and especially options traders like myself, it is now well positioned for a long trade. KO's recent pivot highs were early to mid May with the highest trading volume at $64 according to the interval volume profile. KO descended mid-May into June 1st and then had a Fib. retracement and reversal. On the 2H chart, KO price has risen ifrom the bottom of the high volume area of the overall while the RSI / MTF ( Chris Moody) shows relative strengths in the range of 50-70 with the one hour TF RSI higher than the 4H TF RSI as a sign of bullish momentum. The triple indicator shows money flow and price momentum both with bullish signals. The Lorentzian AI indicator with machine learning printed a buy signal on July 12th The have added to the chart two VWAP sets of bands anchored about May 1st and June 1st. Price is in a VWAP band breakout moving from between the second negative deviation lines in red and the first negative deviation lines in blue to the current position between the first negative deviation blue lines and the black mean aVWAP lines I see this as a classical opportunity to buy low and sell high. Trade specifics are a stop loss of 60.15 at the first negative deviation bands while the targets are one third of the position at 61.6 ( mean aVWAPs) another third at 63.0 ( first deviation band above aVWAPs) and the final third at 64.4 ( the second upper deviation band ) I will raise the stop loss to break even upon price reaching 61 and in doing so, the trade becomes risk-free. I will devote 3 % of the account to this trade and may opt to take a call options trade as well striking $163 with a DTE of 9-10. I will select an entry buy zooming into onto the 5-15 minute time frame. Profits from a low risk trade like this will be re-deployed into others a bit riskier as a means of stratifying and rebalancing risk and its managment.
NYSE:KOLong
by AwesomeAvani
DPST- Banks will thrive if rate hikes are over LONGDPST is shown here on the 15- minute chart- This triple leveraged bank stock hit a double bottom in late June and early July with a double bounce from the lines one standard deviation below the mean VWAP lines anchored at pivots in mid-May. These lines provide dynamic support and resistance unlike vertical lines from pivots. From the VWAP breakout, price has crossed over the mean VWAPs and is not at the level of the volume profile's POC line and the one standard deviations above the mean VWAP. The two time frame RSI indicator shows the lower time frame rising from below 20 to over 50 and crossing over the higher black line TF RSI is for me a clear and convincing sign of bullish momentum in its extreme form. Fundamentally, bank stocks are gaining in the federal news data regarding CPI and PPI. Based on this analysis, I will take a long trade here targeting the second deviation lines at about $70.5 representing about a11% upside in one week or less.
AMEX:DPSTLong
by AwesomeAvani
JNUG- Gold is Going Higher ( LONG)Gold is rising and so also JNUG the triple-leveraged junior miner ETF which has components of miners that have the most to benefit from rising. On the daily chart, price dropped from a winter pivot high with a head and shoulders pattern into a trend down with a bounce off the lows in early March followed by a YTD pivot high in mid April followed by a trend down into the July 4th holiday where the reversal from the low into the current price movement is supported by the MTF RSI indicator showing both the low and high TF RSIs crossing the 50 level. The zero-lag MACD shows the histogram going negative to positive simultaneously with the K /D lines crossing from underneath and beginning to rise. Importantly the Lroentzian machine learning AI indicator using a variety of indicators and factors printed a buy signal earlier this same trading day. I will go long in a swing trade expectant of great profit. I can see that price is approaching the long term mean VWAP and has crossed over the POC line of the lower high volume area. The target of 43.2 is the POC line of the upper high volume area confluent with the first standard deviation above that mean VWAP and also the neckline of the H & S this past winter. The analysis is strong from the confluences and so expectant of 15-20% profit.
AMEX:JNUGLong
by AwesomeAvani
GME- Pullback completed Re-Entry REady?GME trended up from the 1st of May into a V shaped retracement and boune from June 7th to 14th finally crossing over the 2nd STD of the full range anchored VWAP before a standard 50% Fib. retracement bottoming 2 days ago as seen by the Fib. retracment tool. Price has now reversed to an uptrend and is crossing both the full range mean anchored VWAP and the POC line of the full range volume profile. The confluence of the mean VWAP and the POC line cross-validates them both and adds strength to the thesis of a a return of bullish momentum. I see this as suitable for a long trade targeting first the red line of the 2nd standard deviation above aVWAP for 75% of the position and then the blue line of the 3rd standard deviation above mean a VWAP for 25% of the position. The MTF RSI indicator of Chris Moody shows two low and high TF RSIs in the mid range. The Lorentzian an AI based machine learning backtesting indicator has printed a buy signal yesterday morning. About the same time the low time frame RSI crossed over the higher TF RSI and the 50 level then MACD lines crossed while underneath the histogram. Confirmations and validations found, I will zoom into a 5 or 15 minute time frame for a pviot low from which to enter the trade long.
NYSE:GMELong
by AwesomeAvani
VALE - a senior gold miner LONGVALE is a long-established gold miner with global assets and is well positioned to leverage rises in spot gold and futures in its overall operations. On the 1H chart, I have added two sets of VWAP lines and their standard deviations anchored at the beginning of both May and June. They have similar line trends. Price is crossing over those mean VWAPs a classical sign of predominating bullish momentum The Lorentzian machine learning indicator issued a buy signal two trading days ago. This indicator uses RSI, CCI, moving averages and directional indices to produce high-quality algos and trading signals. It has no psychology and issues alerts on purely mathematical criteria. The MTF RSI indicator shows the lower TF line crossed over both the higher TF line in black and the 50 level one day ago. The 3 in 1 indicator is green for all three including money flow and bullish momentum and confirmatory on RSI. Overall, given the rise in gold on the forex and futures market, I see VALE moving higher and the TA supports that view. I will take a long trade of stock and consider a call option if I can find one with enough volume to trade and a reasonable spread.
NYSE:VALELong
by AwesomeAvani
Can AAOI continue a 400% trend up ?AAOI has trended up more than 450% since May 23th. The big question is can it continue? The factors include: 1 Volume - volume is what causes price action. Here rising volumes above the running mean suggest that there is plenty of volume support for price action. 2. Anchored VWAP analysis is that after a pullback in VWAP levels in mid June price has been rising and crossing VWAP levels above it. This is essentially a VWAP breakout. Price is increasingly overbought and overvalued and perhaps due for another correction. 3. RSI of both the lower and high time frames crossed 80 more than a week ago. Thus far RSI is stable without any sign of falling into bearish divergence. 4. The MACD lines are parallel and well above the histogram. They are at about the 9 level. Price reversed on June 20th into the pullback. This is when the lines were at 11.7. This reasonably suggests another pullback or correction when they rise again to 11.7 Given the above, I conclude that AAOI has upside room until divergence is seen or trading volumes change to net selling volume or price outright pivots down from a high. Accordingly, I will take a long trade expecting to capture the end of this massive trend up.
NASDAQ:AAOI
by AwesomeAvani
GEOV a penny stock in the rising EV SectorAs shown on the 1H chart, GOEV printed a head and shoulder pattern June 16 to 19 and then trended down consistent with that pattern. The trend was supported by the 2nd VWAP line under the mean in a VWAP anchored at the beginning of the descent. H & S. The volume volume profile shows that trading volume is distributed widely across a big range of prices showing high volatility. Price has trended through a round bottom reversal. I see the likely scenario as price crossing the mean VWAP and ascending toward the horizontal resistance of the neckline of the H & S. I will take this long trade with a potential upside of nearly 50 % (0.47 to target of 0.69). As an aside, the EV sector is general is on the heat map. I have uploaded ideas on FSR NKLA WKHS and PLUG (LCID NIO and TSLA are of interest.)
NASDAQ:GOEVLong
by AwesomeAvani
LI , a Chinese EV manufacturer LONGLI has seen a 60% price rise since significantly beating the earnings estimates of the analysts. LI competes with TSLA and NIO primarily in Chinese and perhaps a little in Scandinavia. It does not import to North America. The 2H chart shows price rising consistently in a channel between the first and second standard deviation lines above the mean anchored VWAP demonstrating trend persistence and momentum. The zero-lag MACD shows a line cross at the zero horizontal line and rising as confirmation of bullish momentum. I see $40 as a reasonable target at the level of the 3rd upper standard deviation lines. With the next earnings report due August 21st, I will take a long trade of ten call options striking $38.00 expiring 8/18/23. On the last trading day, this option had a low of $1.75 and a high of $1.90 for an intraday rise of about 8%. The contracts will cost about $1900. I am expecting about a 3% average rise compounded over 30 trading days or 250% return on the trade.
NASDAQ:LILong
by AwesomeAvani
PSNY a niche EV manufacturer penny stock LONGPSNY has seen a price rise of 30 % in the past month. This specialty EV manufacturer does not compete with TSLA but only perhaps ARVL also based in the UK. The 2H chart is quite healthy. Price broke out above the mean VWAP anchored to the beginning of the year on July 3rd and is now approaching one standard deviation above that. The MTF RSI shows both the one hour and daily RSIs crossed over 50 the same day. On the MACD indicator the K and D lines crossed confluent with the horizontal zero line. Signs of bullish momentum found, I will take a long trade targeting 25% of upside at $6.00 which is the double top on January 31/ Feb 1 as well as three standard deviations above the mean aVWAP.
NASDAQ:PSNYLong
by AwesomeAvani
7
GLD , a bullish gold ETF LongGLD on the 4H chart has downtrended for 2 months. However, the supertrend is that of a gradual trend up as shown by the green ascending line. The two indicators point to a reversal. The MACD shows a cross of the K / D lines under a positive histogram and impending cross over the horizontal zero line. The Chris Moody with dual RSI plots shows the RSI on the weekly time frame in black to be trending down from 70 and settling at 50. The daily time frame in blue bottomed at 29 and is now 44. This is a bullish divergence of the RSI as compared with the price trend. Overall I expect a reversal with a trend up targeting $192 which is the approximate pivot high of early May also confluent with two standard deviations above the mean VWAP anchored to 2/1/23. The stop loss is to be set below the ascending support at $176. Accordingly, a potential loss of $2 until the stop loss is raised to break-even once price gets to $182.00. After that, the trade will be both risk and stress free.
AMEX:GLDLong
by AwesomeAvani
XAUUSD- Extended View Long Bias Spot GoldXAUUSD on the daily chart has been in a trend down from $2179 since early May when its candle wicks also reached into the zone between the lines two standard deviations above two different anchored VWAPs set at the early and late February high and low pivots. In the past week, Spot Gold pivoted above the support of the aVWAP lines one standard deviation below the mean. The MACD indicator predicted the reversal with a double bottom shown as a green line. Above the current price are the mean VWAP and the confluent POC line of the long-term volume profile at 1959. From my analysis of these findings, I will take a long trade entering @ 1959 targeting first 2000 and then 2060 based on the trending of the aVWAP bands. I may also review the JNUG ETF and have already taken a position in GLD.
FX:XAUUSD
by AwesomeAvani
AMZN Do Bearish Divergences Predict a Reversal? SHORTAMZN has ascended 15% in the past two months. As shown on the 4H chart, dynamic resistance has been the red lines designating two standard deviations above mean VWAPs are anchored in February and early May. The two indicators however suggest bearish divergence. The zero-lag has lower highs and lower lows on the K / D line excursions. The Chris Moody dual RSI shows the RSI on the blue daily time frame dropping and crossing under the black weekly time frame RSI. Fundamentally, according to the linked article AMZN typically drops 0.34% on Prime Day. Based on all of this, I am expecting a reversal. Upon confirmation, I will short Amazon in a possible Fibonacci style retracement.
NASDAQ:AMZNShort
by AwesomeAvani
3
LUV is loving the summer vacation travel LONGLUV has been in a persistent trend up for a couple of months after lackluster earnings were reported in early May with another due on July 27th. The airports have been quite busy with vacation travel and Southwest has been part of that action. On the 1H chart, price has been supported by the line two standard deviations above the mean anchored VWAP which shows persistent relative strength in a rise of over 25% over two months. Price above the POC line of the volume profile is another sign of buyer dominance. The MACD indicator show the lines in parallel and above a positive histogram. The relative volatility indicator shows sufficient volatility to support momentum trading. I will take a long trade going into earnings. I will do this with ten call options contracts with a strike at $40 expiring on July 28th. On the last trading day, this contract had a low of $ 0.36 and a high of $0.48 for a range of 33% in a single day. I expect similar price action as the earnings date approaches. I expect to pay about $480 for ten contracts and the profit expectation is 100% over the next 15 trading days.
NYSE:LUVLong
by AwesomeAvani
UAL United Airlines Pre Earnings LONGUAL has been in a persistent trend up for a couple of months after great earnings were reported in early May with another due on July 19th. The airports have been quite busy with vacation travel and UAL has been part of that action. On the 1H chart, price has been supported by the mean VWAP and has oscillated to the one standard deviation line above that. I see a target as 56.80 where the the second deviation lines above the mean aVWAP while placing a stop loss just under the blue line of one STD above VWAP. The price is below the POC line of the volume profile which should act as a magnet pulling the price higher. The MACD indicator shows 4 the lines in parallel and above the zero horizontal line with a positive histogram. The relative volatility indicator shows sufficient volatility to support momentum trading. I will take a long trade going into earnings. I will do this with ten call options contracts with a strike at $57 expiring on July 21st. On the last trading day, this contract had a low of $ 0.95 and a high of $1.32 for a range of 35% in a single day. I expect similar price action as the earnings date approaches. I expect to pay about $1320 for ten contracts and the profit expectation is 100% over the next 10 trading days.
NASDAQ:UALLong
by AwesomeAvani
2
Delta Airlines DAL Pre-Earnings PlayDAL has been ascending for two months now and has upcoming earnings. As can be seen on the 2H chart, price has been consistently above the anchored mean VWAP since June 1st. Price crossed over the POC line of the volume profile on June 26th. This is the level where the most trading volume in the time range occurred. Above that line, buyers and their buying pressure are dominant. The Zero Lag MACD shows the lines crossing and the histogram going from negative to zero. I will take a long trade considering the earnings report anticipated for July 13rd. For this, I will take a call option trade of ten contracts for the strike of $47.50 expirating 7/14th. On the last trading day, the contract had a low of $0.96 to a high of $1.54 meaning a one-day increase of 60%. I anticipate a three-day return of 100% and expect the trade to cost about $1.54 x 10 X 100 or $1540 which is also the profit expectation.
NYSE:DAL
by AwesomeAvani
4
NKLA Long from bottom of channelNKLA has had an interesting week as it sought to have shareholders vote for a dilution to raise the cash necessary to grow its business. The former CEO now convicted and awaiting sentencing as a major shareholder led the opposition and the vote for a dilution failed. Seemingly, NKLA will now seek capital through some other means. Earlier, it was awarded a grant of $24M by California to build out hydrogen station infrastructure along the interstate highways. On the 15-minute chart, the price is currently at the bottom of a slowly rising channel coinciding with the bottom of the Donchian channel indicator and two standard deviations below the mean anchored VWAP. I see this as a good entry point for targeting first the middle of the channel and secondarily the top of the channel. I will find an exact entry on a short time frame likely 1 or 3 minutes and expect to realize a profit of 12-13% potentially intraday. Without regard to the fundamentals of NKLA's financial health, given the extreme volatility, I believe that NKLA can be successfully traded long if the trade is entered when it is oversold and undervalued.
NASDAQ:NKLALong
by AwesomeAvani
1
TSLA Weekly Longterm LONGTSLA is here on the weekly chart. I have added a couple of anchored VWAPs and their standard deviations to the chart itself. The two indicators are the zerio-lag MACD which shows upgoing lines crossing the zero horizontal line and a positive histogram. The Price Volume Trend indicator shows a cross and consistent upgoing action since February 1, 2023. The chart itself shows price to have crossed over the two mean VWAPs 4 weeks ago which is confirm- atory for bullish momentum. TSLA pivoted up from the second deviation below the mean VWAPs about February 1st. My target is $360 the present level of the second deviation lines (red) above the mean VWAP confluent with the horizontal resistance zone of the highs from November 2022 January 2023 and April 2023 all a triple top of sorts. I am highly bullish on TSLA overall given its progress in autonomous driving, charging station station infrastructure, deal making with F GM and RIVN insofar as charging standards and cooperative ventures as well as obvious signs of growth with Cybertruck production, and new plants in Mexico and potentially Spain and India. I have purchased ten options striking $350 with a December 2023 expiration. I have call options expiring in August and September. I expect to roll them out for more than a year to minimize the tax treatment of expected significant profits.
NASDAQ:TSLALong
by AwesomeAvani
1
BOIL- Go Long SetupBOIL has had a busy month with the resurgence of natural gas prices and the reverse split six trading days ago. I analyze it as having further upside. On the 30-minute chart I have added two anchored VWAPs to the left on separate pivot points. This serves to make out dynamic support and resistance. Price has crossed over the mean VWAP zone which is between the heavy black lines. In confluence with that, it has crossed over the POC line of the volume profile represents the price point with the highest total trading volume over the visible time interval. Above price are the two targets being one and two standard deviations above the mean aVWAP. The volume indicator shows increasing relative volume overall as a sign of accumulation which generally results in price appreciation from the demand trend. I will set the stop loss at $.10 below the POC line and take a long position. One third of the position will come off upon each target advancing the stop loss to above the entry and making the trade risk-free. Another third with TP2 and finally the The remaining third will run on a trailing stop so I do not spend time micromanaging a smaller position. I believe that my overall bullish bias will be rewarded yet again over the near term.
AMEX:BOILLong
by AwesomeAvani
Bearish case of BTCThe sentiment surrounding Bitcoin (BTC) appears to be lagging behind that of altcoins, which is a bearish sign for the mid-term (1-3 months). This suggests that investors and traders are more optimistic about the prospects of alternative cryptocurrencies compared to Bitcoin. Currently, we are observing a channel price pattern, with the maximum price range for the short term being around $32,000 to $33,000 USD. In the mid-term, I predict a price target of $21,000 to $23,000 USD. This scenario suggests a potential downward movement in the price of Bitcoin. This phase of consolidation and potential price decline could be beneficial for the market as it allows for a cleansing of the excessive bullishness seen in altcoins. It also creates a foundation for more organic growth and sets the stage for the next bull market cycle. From a technical perspective, we are currently more than 50% above the anchored Volume Weighted Average Prices (VWAPs), which is not typically considered a bullish sign. VWAP is a tool that shows the percentage profit of many traders, and when the percentage is high, it indicates a higher likelihood of traders locking in profits. If you find this analysis valuable, I follow for more updates. And if you happen to come across this content in the distant future, feel free to share it. Wishing you a pleasant day!
BINANCE:BTCUSDShort
by DEFI-trader
HAL an energy stock setting up LONGHAL being part of the energy/ oil sector has been down lately but after all in keeping with the concept of buying low and selling high, it may be at a buying point. Here in the 4H chart, I have set up two long term anchored VWAPs one at the swing pivot high a year ago and another at a swing pivot low last October. As a result the chart has zones between the values (1) the mean VWAP zone between the two thick black lines. (2) the upper and lower one standard deviation from the mean zones between lighter blue lines and (3) the upper and lower two standard deviations from the mean zones between the lighter red lines. HAL's price has crossed the mean WVAP zone from underneath it, a sign of bullish momentum and so a buy signal. The targets are the evolving dynamic resistance above in the form of the zones between the blue lines and beyond that the red lines. The volume profile with a POC line near to the mean VWAP validates the setup. Accumulation in the three months as shown by higher relative volumes in the past three months is another validation. More demand will push prices higher. I see this as a long-trade setup. ( I also rely on Buffet buying more OXY ) My preferred position is a call option expiring in November or December at a strike $30-31 which if performing well will be held until a couple of weeks before expiration . This idea is meant to highlight the use of anchored VWAP on high time frame charts to capture the role of both price and volume in market dynamics and in the determination of zones of liquidity and volatility so as to provide quality analysis without reliance on multiple lagging indicators that may neglect any focus on volume and so handicap the trader seeking to take high quality A+ setups layering in some trade managment tactics to optimize alpha returns.
NYSE:HALLong
by AwesomeAvani