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BEAMUSDT Local S/R| Swing High| .382 Fibonacci| Price Action Evening Traders, Today’s analysis – BEAMUSDT – trading above Local S/R with technical confluence, a bullish reaction is probable, Points to consider, - Price Action Impulsive - Local S/R Support (.382 Fibonacci Confluence) - Swing High Objective - Oscillators Bullish Control BEAMUSDT’s immediate price action is impulsive, testing a key trade location that has technical confluence with the .382 Fibonacci and a bullish order block, allowing for a bullish bias. The Swing High is current objective, exceeding this level will likely lead to a trend continuation. Both oscillators are currently trading neutral, remaining in their bullish control zones is indicative of strength. Overall, in my opinion, BEAMUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “You become fearful the moment you identify with fear. But once you begin seeing it as an impersonal changing phenomenon, you become free.” ― Yvan Byeajee
BLong
by AzizKhanZamani
2
XRPUSDT Dynamic S/R| Bullish OB| Price Action| Volume Profile Points to consider Observing XRPUSDT’s chart above, Price Action initially respected its Bullish Order Block that was in technical confluence with the Daily S/R Support Level. Holding this level was critical to maintain a Bullish Bias, evidently being the case as a strong Bullish Expansion followed suit. This Bullish Volatility Expansion had increasing volume allowing it to break key resistances. The Dynamic S/R was compressing Price Action into its Apex until it was successfully breached with a confirmed back test. This was the initial sing of an impulse coming to fruition as the overlying Weekly S/R was breached with conviction. As of current, the Volume Profile has had a strong influx after a succession of Declining Volume. When the Volume Profile is on a Decline as Price Action reaches its Apex, it increases the probability of a breakout being imminent. Follow through is critical to sustain momentum, especially when a back test of the Daily S/R comes to fruition – failure will be indicative of weakness.
Long
by CoinGape
1
LINKUSDT Weekly S/R| Bullish Retest| Declining Volume| PAPoints to consider. Observing LINKUSDT’s chart above, a clear Bullish Volatility Expansion is present, breaking above Weekly S/R levels with conviction. The initial Weekly Range was broken bullish with a confirmed S/R Flip retest allowing for a new high to be set. This was indicative of strength as Price Action at the time was very impulsive. The Volume Profile has a clear climatic node indicating a potential temporary top being set. A Volume Climax is usually a sign of the order books being cleared at the time, Price Action as of now is trying to find its equilibrium between Supply and Demand. The Declining Volume is suggestive of this, the more this progresses, the greater to probability of an influx. The immediate objective is Swing High that is in confluence with the 1.618 Fibonacci Extension Target, Price Action as of current has rejected from this level. A reversion to the, .382 Fibonacci Retracement, will allow for potential long biased entries. Exceeding Swing High will put LINKUST back into price discovery with extended Fibonacci Targets,
Long
by CoinGape
EURNZD Swing High| Price Action| 200 MA| .618 Fibonacci Evening Traders, Today’s analysis - EURNZD- trading towards Local S/R where a bounce is probable, Points to consider, - Price Action Impulsive - Local S/R Support (.618 Fibonacci & 200 MA confluence) - Swing High Objective - Oscillators Bullish Control Zones EURNZD’s immediate price action is impulsive towards Local S/R that has technical confluence with the .618 Fibonacci and 200 MA. This area is a trade location with a probability of trend continuation. Both Oscillators are currently trading in bullish control zones, remaining in these areas is indicative of strength in the market. Overall, in my opinion, EURNZD is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
Long
by AzizKhanZamani
LTCUSDT Daily S/R|Swing High|Volume Climax|EMA Ribbon|PAEvening Traders, Today’s analysis – LTCUSDT- breaking above key Daily S/R, a back test of the level will allow for a long position. Points to consider, - Price Action Impulse - Daily S/R Support (.50 Fibonacci Confluence) - Upper Daily S/R Resistance - Oscillators Extended - Volume Climax LTCUSDT’s immediate price action is impulsive; breaking key levels, confirming an S/R Flip Retest of Daily S/R will allow us to have a bullish bias. The Daily S/R support is in confluence with the .50 Fibonacci and EMA Ribbon bull cross. This area holding true allows for risk defined entries. Daily S/R resistance is immediate target, LTCUSDT breaking this level will prove to be extremely bullish. Both oscillators are overextended; a reversion to their means is probable. There is also a valid volume climax node signalling a temporary top. Follow through here is important for sustaining a bullish bias. Overall, in my opinion, LTCUSDT is a valid long with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember! “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
Long
by AzizKhanZamani
SPY Rising Wedge| Local S/R| .618 Fibonacci| Price Action ApexEvening Traders, Second Analysis – SPY – trading in a valid rising wedge where a breakdown bearish is probable. Points to consider, - Price Action Apex - Local S/R Resistance (.618 Fibonacci Confluence) - POC Confluence (Local S/R Support) - RSI Divergence SPY’s immediate price action is trading close to its apex where a greater probability of breaking bearish persists. The Local S/R resistance is in confluence with the .618 Fibonacci, price is likely to establish a bearish retest here. Point of Control (POC) is in confluence with the lower Local S/R Support. This level will be Price Actions immediate trade location when and if the Rising Wedge breaks bearish. The RSI has a valid bearish divergence, indicative of signalling weakness as momentum starts to shift in the market. Overall, in my opinion – SPY – is a valid short with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember! “Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
AMEX:SPYShort
by AzizKhanZamani
4
CADJPY Daily S/R|Range Mid|200 EMA|Local Volume|Bearish PAEvening Traders, Today’s Analysis – CADJPY – trading at Range-Mid where a bearish retest is probable, confirming a potential right shoulder of a H&S pattern. Points to consider, - Bearish Price Action - Daily S/R Resistance - Range Mid Resistance (.50 Fibonacci Confluence) - Volume Below Average CADJPY’s immediate price action is bearish under range-mid; this allows us to have a bearish bias on the market. The Daily S/R levels are clear boundaries respecting by price, break of either will coincide with the overall direction of the trend. Current resistance, range-mid, in confluence with the 200 MA and .50 Fibonacci, a rejection here is plausible as price action morphs into a probable right shoulder. The volume profile is currently below average, an influx is likely to when key trade location are being tested. Overall, in my opinion, CADJPY is a valid short with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps, Thank you for following my work! And remember, “Only The Game , Can Teach You The Game” – Jesse Livermore
Short
by AzizKhanZamani
1
DIAUSDT Falling Wedge|Price Action Apex|Swing Low|200MA|.618 FibEvening Traders, Second Analysis – DIAUSDT- trading in a falling wedge formation where a confirmation will be on a break of dynamic resistance. Points to consider, - Price Action Apex - Market Structure Lower Lows - Key Dynamic Resistance (.618 Fibonacci Confluence) - RSI Divergence Forming DIAUSDT is trading towards its apex in a bullish falling wedge pattern were a confirmation will allow us to have a bullish bias on the market. The market structure is currently making lower lows on dynamic support, holding this on the next test will increase the probability of a bullish divergence on the RSI. The volume profile is currently below average, a break of resistance will need increasing volume. This will signal a true breakout, aiding in avoidance of fake outs. Immediate target is the bearish retest zone which is in confluence with the .618 Fibonacci and market structure. A respect of resistance here is highly probable on the first test. Overall, in my opinion, DIAUSDT is a valid long once the falling wedge pattern is confirmed. Price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
Long
by AzizKhanZamani
BTC Short Trade|Rising Wedge|Resistance Confluence|Price ActionEvening Traders, Today’s Analysis – BTCUSD – a short trade is valid at major resistance confluence Points to consider, - Dynamic resistances converging - .618 Fibonacci objective ( bearish resistance of dynamic resistance) - Price Action in a Rising Wedge pattern - Stochastics divergence - Bull impulses (No follow through) The .618 Fibonacci is the objective for this trade; price is likely to wick there for a liquidity grab as this is a clear trade location on the chart with key dynamic resistance confluence. Price Action is currently trading in a rising wedge which has a greater probability of breaking down. The stochastics has a valid bearish divergence, which has technically played out; this shows weakness in the market. Furthermore all bull impulses have been sold into, another impulse above local resistance is likely to be a wick into the .618 Fibonacci area. Overall, in my opinion, a short trade is valid at the .618 Fibonacci. The immediate trend is bearish; any rallies are to be sold into until the recent high is taken out at around $9796.5 What are your thoughts? Thank you for following my work! And remember, “If you don’t respect risk, eventually they’ll carry you out.” – Larry Hite
BYBIT:BTCUSD.PShort
by AzizKhanZamani
9
GBP AUD Selling in playWe have our sell from Friday - it is important to note the supply is in the purple box showing where the supply block and wicks are located. 1.865 showed us the real volume wicks where the orders were hiding. We sold due to price kissing the true zone of orders and a great indecision candle Lower zone had a great doji which is what we needed to draw the zone. We are risk free and will look for a sell again next week. If you like our work, leave a comment or like. Thanks, Lupa.
Short
by LupaCapital
Bullish on daily, as long as $62.75 holds. Fib levels shownBullish on daily TF, as long as $62.75 holds. Fib levels shown below. Weekly - Possible cup forming and bull flag, but there is bearish RSI devergence. Options - On Friday, April 17, 2020 , 3,850 contracts were bought of the $72.50 call expiring on Friday, May 15, 2020, which are still in OI. 8.5% Move expected. May 8 P/C ratio .42, May 15 P/C ratio .25. Q1 Earnings – They have beat Q1 EPS and Revenue expectations since 2014. Good Luck this week!
NASDAQ:ATVILong
by hockeysniper
XEMBTC Bull Flag|Ascending Triangle XEMBTC Evening Traders! Today’s update will be on XEMBTC – trading at the top of its potential ascending triangle in a bull flag formation. Points to consider, - Trend respecting ascending support - 200 MA broke (S/R flip) - Structural Resistance zone to close above - RSI respecting Support - Stochastics bouncing - Volume profile climax evident The trend is respecting its ascending support, putting emphasis on the ascending triangle formation, which tends to be a bullish pattern. The 200 MA broke witch convincing volume, this average was a staunched resistance. Structural resistance on the other hand is to be closed above, this will negate overall bearish structure. RSI is respecting support, close below its trend line will increase a bearish bias. The stochastics is in the lower regions where it can stay trading for a while, however lots of stored momentum to the upside. Volume profile climaxes are evident, suggesting that XEMBTC is in a true trade location, an impulse move is likely. Overall, in my opinion, if this bull flag comes to fruition, XEMBTC is likely to reach its technical target as structural resistance will be negated. What are your thoughts? Please leave a like and comment, And remember, “Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.” ― Yvan Byeajee
XLong
by AzizKhanZamani
XRP - Is the Bottom in? I don't think so...Could the absolute bottom for XRP be $0.1255? It lines up to perfection with the previous 'wick'fished' support level back in July 2018 using the Fibonacci 1.236 level. The more and more I track FIB levels, they continue to be respected in very manipulative and almost predictable ways. Follow me on Twitter for XRP news, updates, opinions and chart-analysis : @XRP_Canada Join me on Telegram with likeminded individuals of the XRP Community where we discuss anything and everything to do with XRP and Ripple t.me
POLONIEX:XRPUSD
by traderxkira
USDJPY Long Post FED major upside potential Powell's more hawkish than expected commentary after he announced a 25bps rate cut and indicated that there would be no further rate cuts going forward USDJPY jumped from 108.7 to 109.2. We expect the currency to keep rising in particular if the global economic growth is not weakening and there is no worsening in trade relations between the US and China as the YEN is seen as a safe haven asset. Therefore we are long USDJPY and see it heading towards 110 with key support at 108.9.
Long
by KQMarkets
NZDUSD | GOLDEN OPPORTUNITY TO SELL!Hey Everyone, NZDUSD is Extremely Overbought and with current price hitting the 0.618 Level of Previous High Swing and around 5 PIPS above there's SUPPLY Zone in accordance with Dynamic Resistance (Pvr.Tested) and hence it's an amazing opportunity to SELL NZDUSD with these preferences, SELL NZDUSD - 0.68054 (NOW) STOP LOSS - 0.68668 TARGET - 0.65788 More updates will be posted under this Thread, Please LIKE and Comment your thoughts, Thank you for your Support!
Short
by BloomFisher
6