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Consolidationzone

Bitcoin: Thoughts and AnalysisToday's focus: Bitcoin Pattern – Range test Support – 25,600 – 25,280 Resistance – 26,080 – 27,630 Today, we have run over Bitcoin. We have broken down current price action with our thoughts on what we see over the longer-term and short-term price structure. Sellers continue to push at buyers in the short term after buyers made a quick push higher last week, and industry news continues to dominate momentum, with the USD not having such a big impact at present. Will we see buyers continue to hold consolidation and support, or could we see a new move by sellers making a new test lower? Have a great day and good trading.
EIGHTCAP:BTCUSD
by Eightcap
Is Oatly Dead? Is it going to 0?Hi Guys! This is a Technical Analysis for Oatly (OTLY), on the 3 Day Timeframe. New candle starts today So the question here is whether or not OTLY is dead and if its going to 0? It may seem like that but when "Checking underneath the hood" with TA, things become clearer and you can understand whats going on objectively with a level head. So we've come down signficantly from around the highs of $29, about a 95% drop to current prices. And its been alooooong time we've been on this downtrend, about 781 days. In my case though, the question i've been asking with Stocks such as OTLY or SPCE or BYND or CVNA (before the massive run) is whether or not there are signs of bottoming? And with such a new stock, it can be a little difficult to assess since theres not as much data points to go with. But you can still make do with what you got! We are Currently 4 RED candles in, watch the size of our current candle. IF at the CLOSE of this current candle, the body of it is small, that can be an indication of BEARISH momentum decline. Notice how we got our most recent DOWNTREND, it is due to the RED circle that indicates price hitting a convergence of Resistance: 1. the 50 Simple moving average 2. a RESISTANCE trend line from 08/2022. We are now nearing our previous low of around $1.35. Which is MAJOR SUPPORT. Notice the 2 GREEN CIRCLES -> Provided we don't breakdown below $1.35, this can be a DOUBLE BOTTOM pattern. We have to watch the next couple weeks of how we interact with SUPPORT. NOTE: This MAJOR SUPPORT hasnt had 3 touches, which in TREND theory, it states that usually a minimum of 3 touches are needed on trend lines for it to be significant. So, this can be an area we BOUNCE from in the SHORT-Term -> back to the BLACK resistance line or RED Resistance line There is also a RISK of a Descending triangle playing out, where we break below the "MAJOR SUPPORT". Measured Target would be $0.58-0.60 cent level. But again TA is about taking it 1 step at a time. To even think about this i would need: 1. Candle close BELOW MAJOR SUPPORT 2. CONFIRMATION -> In the form of candle patterns -> Re-test of the SUPPORT turned as RESISTANCE and a Rejection back down. It absolutely does not have to play out this way BUT a scenario could be that we bounce from here, test the 08/22 RESISTANCE and come back down to test MAJOR SUPPORT level. It is also possible that we MOVE SIDEWAYS (Within ORANGE Rectangle zone). With the Volume currently in a DECLINE, marked by the BLUE moving average. This means volatility will come down, leading to the probability of sideways action. Now Check out the RSI, we have printed a Lower Low. This could lead to further DECLINE of RSI. WE are also BELOW the BLACK RSI Moving average, which can be indicative of further price declines. STOCH RSI, is making its way below the 20 level. We will have to see how long we stay once we get below it and how low we actually get. Longer we stay below, higher the probability of further declines. MACD -> a momentum indicator, is currently printing RED histograms. This is a BEARISH Signal. We dont want the bars to get massively big in size. CONCLUSION: Price declines of massive proportions can be extremely scarey and a place for capitulation, where people give up. This often times leads to further decline of price. However through all that, if you stay level headed with TA, you consider or pose the question..... Yeah, but is it showing any BOTTOMING signs? OTLY is 95% from its lows, we are currently back to MAJOR SUPPORT. This can be indication of a DOUBLE BOTTOM but in my opinion, its still too EARLY to tell. Especially with indicators still showing signs of a chance for more downside. I would need to see confirmation. Stay tuned for more updates on OTLY in the near future. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
NASDAQ:OTLY
by SafofAllTrades
PANW Cyber SectorPalo Alto Networks is a cybersecurity company that provides advanced security solutions to organizations worldwide. I don't think they're going anywhere for a while and are very established already with multiple deals and have been on point with their financials and earnings. We're looking for a break out of the consolidating 238-240 range which already happened as im typing this. huge gap down on july 12th looking for a retest to 253. If it falls below 238 it needs to hold 236 level or will retest 232.
NASDAQ:PANW
by FinesseTheWave
Lockheed Martin Closing Gap?Lockheed martin earnings play. This stock has my interest with multiple contracts with the government and missing 1 of the last 5 earnings. Lockheed is no stranger to getting multiple contracts. A lot of constant contracts coming in with government agencies and commercial airlines. For a month it has been consolidating jun-jul and recently broke out of consolidation. coming up on earnings July 18th with price targets ranging from 498 to 579 and a strong out look from 1- 5 out of 5 its sitting at a 5 for earnings beat from Earnings whispers. Im Bullish looking for at least a gap fill at $475 Trade responsible, #TradeTheWave
NYSE:LMTLong
by FinesseTheWave
2
PNB - Bullish Swing ReversalNSE: PNB is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:PNBLong
by BrahmaBull31
Bank Nifty Trade Setup (26-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. Picture is worth a thousand Words as from the chart Bank Nifty is moving between 751 points from 11th May and if traded with patience and with proper trade setups one can make profits. This will be my Trade Setup for Tomorrow: From price action we can see price is moving in Horizontal Channel and Today it made lows and took support near same zone which is previously tested as long as price don't don't this zone we have to trade within this range of 770 points. Setup will be 1.) If it opens flat nearby support is 43633 if it sustains this support on 15 mins then will look for CE Buy for nearby resistance which is placed at 43756 and then 43830. 2.) If gap down will look for price to take support at same support zone where it took support today or it's same as Today's low. and will take CE Trade from that level. 3.) If opens gap up then i will look at resistance which is 43756 and 43830 then i will look for PE Trades for nearby support zone or CPR levels. Views are on long trade if it respects this channel. maybe we can see break above this channel on last monthly Expiry :) Hit like to keep me motivated for keeping my trading journal also if you can help as Trading View is holding rewards if Ideas or Script can be listed in Editor Picks :) . also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:BANKNIFTYLong
by TradeInsights
2
INDIGO near the CONSOLIDATION BREAKDOWNThe price trading in tight Consolidation Range of 1800 to 1920 since last 40 days and formed the structure looks like the base formation. If price breaks the level of 1920 and closes and will sustain above the breakout level than we can see target of 1985 Which is a gap space. Gap space can act as strong resistance for the price towards the upside momentum and if price Sustain above the 1990+ level than we can head towards the target of 2055/2100/2150. If price not able to close above the 1920 and price rejection from 1920 will again make it Rangebound. Breakdown below the 1800 will leads to fall Towards the Level of 1750/1700 ✅
NSE:INDIGOLong
by Jha_Nidhi
USDJPY, Five Count Diagonal, 1hrGood afternoon, I hope everybody had a wonderful week and trading week. This week my bias has changed up a bit on the direction of where the market is going. Currently, I am leaning toward the market being in a diagonal consolidation in five wave count. Once the diagonal five wave count is complete, UJ will continue to be a dominantly bullish market. Focusing on current events, I am currently looking for a retracement back into the price zone of 132.900 area. Once or if price takes this drop, I am looking for price to shoot back up to complete wave 4 and hit price point 134.541. If you have any questions, comments, concern, or agree with my analysis, Please like, share, or comment.
Long
by NoPumpFakesFx
OCEANUSDT wants the Next Weekly structure?OCEANUSDT recently went through an accumulation phase, which took place between the price levels of 0.2982 and 0.1163. After a period of consolidation, the price eventually broke out of this accumulation range and experienced a significant distribution phase. Currently, the price of OCEANUSDT is testing the weekly support level at around $0.41. This level is a key area of support and resistance and has the potential to signal a shift in market sentiment. It is important to keep a close eye on how the price reacts to this level, as a break below it could indicate further downside movement. Looking ahead, the market will need to create a new breakout above the $0.5 area for any long continuation to occur. If this happens, we can apply Plancton's Rules, a set of guidelines for identifying potential market movements, to help guide our decision-making and potentially open a new long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
O
by InkyGrip
8
GBPUSD | Perspective for the new week | Follow-upDespite a choppy situation for the GBPUSD where price action was caught with a range at 1.22500 and 1.21000, the Pound Sterling rose by 0.1% to close the week at 1.22250, and this is likely as a result of the data released earlier on Friday. At this point, I am of the opinion that the data from the macroeconomic events (Claimant Count Change & ILO Unemployment Rate) coming up in the week will have a significant impact on price movement. In this video, we reviewed the charts from a technical standpoint and decided to use the channel (1.22500 and 1.21000) as a yardstick for trading opportunities. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
4
INDIGO - Bullish Consolidation with VolumesNSE: INDIGO is closing with a strong bullish consolidation candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:INDIGOLong
by BrahmaBull31
1
USDJPY | Perspective for the new week | follow-up detailsThe intervention of the Bank of Japan three weeks ago appears to linger on in this market as the U.S. economy continued to add jobs at a solid rate in September. As the price continues to trade between a specific zone (145 and 144 area) in the last three weeks, we can only wait for a signal to have a trading opportunity on this pair. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) is high-risk and unsuitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
3
BTC in a 4-Hour Squeeze Just Above Make-or-Break Support Levels Primary Chart: BTC's Key Fibonacci and Measured Move Levels along with Key Demand Zone BTC continues to trade just above make-or-break levels as it has for much of this week. It continues to chop up and down, similar to the way equity indices have the past few days. Chop essentially entails price action within a range without any directional follow through. Traders tend to get chopped up because the price action starts to move in both up and down, but each time, follow-through does not happen. The squeeze is a Bollinger Band phenomenon where the bands compress to a narrower range. In other words the standard deviation decreases dramatically, reflecting reduced volatility. Both the 2-hour and 4-hour charts for BTC show that compression typical of a standard-compression squeeze. Because compressed volatility tends to correlate with a subsequent increase in volatility, squeezes help signal when significant directional move may occur. Supplementary Chart A shows the Bollinger Bands squeeze on the 4-hour chart. Supplementary Chart B shows the levels containing this weeks consolidation, where a breakout will signal the start of the directional move implied by the squeeze. Supplementary Chart A: Bollinger Bands Squeeze on 4-Hour Chart BTC's Immediate Resistance Levels at $20,503 to $21,403 On the Primary Chart, note the two major resistance levels above price, which are the green and golden lines. These are Fibonacci-based retracements of the entire rally from June 2022 lows to mid-August 2022 highs. The .618 retracement is the closest resistance level that must be reclaimed before price can resume its corrective rally higher. This .618 retracement is at $20,503. Above that, and the target is $21,403, the .50 retracement, which also coincides with the August 20-26, 2022, consolidation period. Note this 21,400 level also aligns with key lows and highs from both June and July 2022—these price resistance levels are shown on the Primary Chart by the two white parallel lines adjacent to the green .50 retracement line. The .618 retracement level at $20,503 also aligns with the top of this week's consolidation range. See the Supplementary Chart A below, showing the consolidation range from this week by parallel white lines. BTC's Immediate Support Levels Are Close Below at $19,134, $19,233 and $19,555-19,560 The base of this week's current consolidation (see Supplementary Chart B below) serves as the most immediate support level for BTC. While the upper edge of this range marks the most immediate resistance, which coincides with the .618 retracement (the gold line on the Primary Chart), the lower edge of the consolidation is approximately $19,555 to $19,560 as shown in the supplementary chart below. Any breakout from this current consolidation range will help dictate the course of BTC's price action the next couple weeks. A decisive break to the upside is a possibility, especially where traders and investors have been leaning quite bearish, a factor that can often provide some support, ironically, to price—because selling can dry up when everyone that is bearish has sold or shorted, and when price doesn't move downward, short covering can begin to put upward pressure on price. Support also lies at $19,223, which is the .786 retracement of the entire rally from June 2022 lows to August 2022 highs. This level is associated with another Fibonacci level at $19,134, the .618 proportion of the first leg of decline from the August 15, 2022, peak as projected from the start of the second leg of the decline on August 26, 2022. Supplementary Chart B: BTC's Consolidation Range This Week BTC's Measured-Move Zone at $16,238 to $17,443 The measured-move area, which also uses some Fibonacci proportions, shows where BTC could in theory fall assuming the decline continues. This area is a zone between $16,238 and $17,443. This post does not make a prediction about whether the measured-move target will be hit in the near term. Instead, the measured-move levels are identified as merely a possible price path using technical analysis. But before this measured-move target can become a plausible possibility, a downward breakout from this week's consolidation must occur. Furthermore, the .786 retracement at $19,223 must be violated as well as the teal blue rectangle showing the last three-month demand zone (Primary Chart above) before the measured-move target can be considered. CME:BTC1! AMEX:BITO BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD KRAKEN:BTCUSD 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. 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 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. _________________________________________________________________________
BITSTAMP:BTCUSD
by SquishTrade
6
BTC: Daily outlook of the 20k-22k range consolidationPrice has been rejected from the 22500 resistance. To be fair, this is the most significant resistance we have on the chart right now considering that it is both a daily resistance and the 200W MA which has been acting as support in the past and should now act as resistance. The way I see it there are two basic scenarios here: A) Bullish Scenario: The price manages to consolidate between 20500-22500 while printing higher lows. This would appear as a mirrored triangle on the charts and it basically means seller exhaustion. Those formations are usually bullish, thus, once we break 22500 we should see a significant move to the upside. In every breakout to the upside the first important resistance is usually the most significant, therefore, if 22500 break I think we should be looking for a mean reversion rally to the 28k-32k cluster. Don't fade it too early. B) Bearish Scenario Should the price loses 20500 on a daily level (print at least 2 days below 20k) I would expect to see a short consolidation (desperate attempts to reclaim 20k level) followed by a breakdown. In that case any retest of 20k level is a potential sell or opportunity to close any underwater longs that you may have. In that case I don't necessarily think we will go very low. Not that we couldn't but in my opinion there's gonna be interest around the 15.8k - 16.6k area. Maybe even a bounce from previous lows (17.6). So, don't leverage your shorts. If this helped you in any way please give it a like. ty!
COINBASE:BTCUSD
by Athantonios
2
(Episode #556) GBPAUD - Bullish SharkThis is a very different Weekly Market Analysis, seldom do I share a Weekly chart setup but this is special and close to my heart, a Shark Pattern on GBPAUD Weekly Chart. The Bullish Shark Pattern is valid, if you have deep pockets, you can consider this trade, you are looking at more than 1,000pips of potential profit to only Target1. Yes! You read it right, more than 1000pips of profit potential. Personally, I will be watching this trade closely in the lower timeframe for a trading opportunity. This could be my trade of the year.
Long
by RaynLim
[Potential] XRPUSDT: 3-6 Mth Range PlayBITSTAMP:XRPUSD Technicals: - The two Horizontal Trendlines range in Yellow is a good consolidation area albeit quite a wide range - The other 2 Horizontal Trendlines (0.73 and 0.90) are also consolidation areas (good to either TP at those levels or take some off exposures off the table at those levels) Fundamentals: - The crypto space has taken a drastic hit from big capital wipeouts from major selloffs in various asset classes - There is still plenty of fear going on in the market and this bear market may drag on for some time - For Ripple, there is alot of ongoing legal issues that needs to be resolved with the SEC before we can see XRP moon ----- Expecting XRP to keep ranging in the Yellow area for now; watch for bounces off Trendlines to make good use of the XRP buying demand at key levels. We will be waiting for confirmations of multiple confluences before considering this trade setup ready. Patience is the key to success. ----- *This pair outlook is provided on an advisory basis. Any trade decisions made based on this outlook is a personal decision and we are not responsible for any losses derived from it.
BITSTAMP:XRPUSDLong
by weekendanalyst