Beyond Technical Analysis
BNB/USDT Analysis: Key Price Action Strategies for Big ProfitsBINANCE:BNBUSDT @Alexgoldhunter Technical Analysis Using Price Action Techniques
Key Levels and Zones
Support and Resistance Levels:
Strong High/Swing High: Around 730.00 USDT
p1D High: Around 722.00 USDT
Swing Low: Around 705.00 USDT
p1D Low: Around 703.00 USDT
Strong Low: Around 705.00 USDT
0.618 Level: Around 698.00 USDT
0.786 Level: Around 712.00 USDT
Volume Profile:
High volume nodes indicate significant trading activity at various price levels:
27.12K, 138.47K, 86.58K, 114.14K, 291.23K, 391.65K, 297.53K, 196.76K, 210.52K, 118.38K, 86.74K, 60.13K, 97.87K, and 107.57K.
Fair Value Gap (FVG):
An FVG is marked around the 717.00 USDT level.
Indicators
Relative Strength Index (RSI):
Current RSI is around 52.69, indicating a neutral market condition.
Lower RSI level is around 47.46.
Moving Average Convergence Divergence (MACD):
MACD line: 0.51
Signal line: 0.13
Price Action Observations
Equal Highs:
Around the 722.00 USDT level, indicating potential resistance.
Market Structure Shift (MSS):
MSS annotations indicate potential changes in market direction.
Buy Strategy
Entry Point:
Consider buying near the support levels, particularly around the 705.00 USDT (Swing Low) and 703.00 USDT (p1D Low) levels.
Look for bullish candlestick patterns or confirmation from the RSI (e.g., RSI crossing above 50) and MACD (e.g., MACD line crossing above the signal line).
Target Levels:
Initial target: 717.00 USDT (FVG).
Further targets: 722.00 USDT (p1D High) and 730.00 USDT (Strong High/Swing High).
Stop Loss:
Place a stop loss below the 703.00 USDT level to manage risk.
Sell Strategy
Entry Point:
Consider selling near the resistance levels, particularly around the 722.00 USDT (p1D High) and 730.00 USDT (Strong High/Swing High) levels.
Look for bearish candlestick patterns or confirmation from the RSI (e.g., RSI crossing below 50) and MACD (e.g., MACD line crossing below the signal line).
Target Levels:
Initial target: 717.00 USDT (FVG).
Further targets: 712.00 USDT (0.786 Level) and 705.00 USDT (Swing Low).
Stop Loss:
Place a stop loss above the 730.00 USDT level to manage risk.
This analysis provides a structured approach to trading BNB/USDT using price action techniques, focusing on key support and resistance levels, volume profile, and technical indicators. Happy trading! 📈📉
Follow @Alexgoldhunter for more strategic ideas and minds
GBPJPY SHORTSWeekly : price broke structure to the downside on the week of the 18th of Nov. will mostly be looking for sells.
Daily : price is currently rejecting area of resistance and also round psych level of 195.000. It has created an engulfing candle confirming downside potential. It also rejected 50 EMA
4h : price recently broke previous structure and I will be expecting price to come up and retest area of 194.000 which also is a psych level.
GBPAUD SHORTSWeekly : price is reaching a resistance that has not been broken since March 20' with this being the third attempt since then.
Daily : price is rejecting for the third time level of resistance at 2.01000
4h : bullish structure. Now rejecting from round psych level.
1h : I am expecting price to continue its move down, breaking and creating previous/new lower low at 2.00000 which is also an interesting round psych level.
XRP: Bullish MomentumBINANCE:XRPUSD took support from daily Anchored VWAP. Buy Entry executed on daily chart.
Note: Green Yellow Candle. It is Buy Signal triggered on daily candle close. Following candle is confirmation candle. As it broke the high of Green Yellow Candle entered long with stop loss. Use trailing stop loss to manage your position.
GBPUSD DID WHAT I EXPECTED IT TO DOGBPUSD , has done what i expected it to do. I wanted it to break structure . and retrace to fill up the FVG(imbalance), So the Bulls can have a 61.8% discount price to enter. Its a perfect entry moment .
Entry, Take Profit and Stop loss are clearly marked out on the Chat.
GOOD LUCK GUYS!
EURUSD MARKET ANALYSIS AND PRICE PREDICTIONEURUSD, has finished consolidating at the institutional renegotiation zone, decision has been taking in favor of the Bulls. Price has retraced to fill up imbalance, giving the Bulls a discount price of 75% to enter. Entry is now. Take Profit 1 is the FVG ahead, Take Profit 2 is the Renegotiation Resistance to Sweep the Buyside Liquidity.
Entry, Take 1&2 , stop loss are clearly marked out on the chat.
GOOD LUCK GUYS!
Bitcoin: Potential Three Drive MacroThis is a Technical Three Drives Pattern with corresponding Fibs.
Potentially, Bitcoin could perform in this manner.
This is Forward-Looking (Not Validated) Technical TA and is not a suggestion to buy or sell the Underlying Asset or any other asset.
The Three Drives Pattern w/ Fib suggest and point out some significant levels on the Chart.
Enjoy and Happy Trading!
Parts of this forward looking TA: Need to be validated before considering it as something that matters!
This is not Financial Advice.
Gold continued its downward trend at the beginning of the week⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) edges higher after dipping to the $2,644-2,643 range during the Asian session, a one-week low. This pause in its recent pullback from last Thursday's one-month high is supported by a softer US Dollar, driven by a slight retreat in US Treasury yields. Geopolitical risks and uncertainties surrounding US President-elect Donald Trump's policies also bolster demand for the safe-haven metal.
However, expectations that the Federal Reserve (Fed) will take a cautious approach to rate cuts next year, given stalled progress in reducing inflation toward the 2% target, could support US bond yields and limit further gains for gold. Investors are likely holding back on major moves ahead of the much-anticipated FOMC meeting outcome on Wednesday.
⭐️Personal comments NOVA:
Downtrend continues - Gold is under strong selling pressure before results of interest rate cuts
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2674 - $2676 SL $2679
TP1: $2660
TP2: $2650
TP3: $2640
🔥BUY GOLD zone: $2635 - $2637 SL $2632
TP1: $2645
TP2: $2658
TP3: $2670
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
USDJPY | Market outlookThe dollar was little changed against the yen on Friday as investors digested a mixed U.S. jobs report. U.S. nonfarm payrolls rose by 227,000 jobs in November, following a revised increase of 36,000 in October. While the report showed stronger-than-expected job growth, the unemployment rate edged up to 4.2%. Analysts suggest the data supports the view that the U.S. is not heading into a recession, reinforcing expectations for the Federal Reserve's rate-cutting path. Markets are pricing in an 88% chance of a rate cut at the Fed's upcoming meeting.
bch bitcoin cash bchusdt"🌟 Welcome to Golden Candle! 🌟
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AVGO ...Broadcom, little bit of Debt hurt no oneStraight from the Horse's mouth...in their forward looking statement... That isnt from a company at a top or accelerating to new innovation...its one of burn out and my allegedly not at all liable hypothetical guess is exit of shares by the inside- and I dont mean C-suites...Those who they know and want out before the Fall:
"our significant indebtedness and the need to generate sufficient cash flows to service and repay such debt;"
The chart says- crackup boom like #NVDA along with debt explosion
The Falling Wedge: A Setup for Bitcoin's Next Move? The Falling Wedge: A Setup for Bitcoin's Next Move?
he lower trendline is sloping downward, while the upper trendline is sloping downward but at a less steep angle. The narrowing price action within the wedge
he lower trendline is sloping downward, while the upper trendline is sloping downward but at a less steep angle. The narrowing price action within the wedge
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