BTCUSDT is stuck in range from over the month with no clear direction of either side. in such scenarios buying the lows and selling the tops are good option. what you guys think of it ?
Whilst this market has been caught in a range on the intraday charts we can see a potential momentum build up to the downside. Price is now moving in to test the range support and with the momentum moving lower we could soon see a breakout. If this occurs it could be a solid pair to watch for breakout trades and smaller time frame breakout and re-test trades.
Today's chart – KMD BTC – consolidating at range/structural support. Price holding support validates a long trade to technical targets above. Points to consider: - Key level - 21 EMA visual guide - Oscillators oversold Trading at its long-term range support; proceeding a stark correction. Price needs to hold support to form a bullish bias. Further price...
Evening Traders, Today’s Analysis – GBPJPY- at a pivot point on the chart, price is likely to impulse down if dynamic resistance is respected. Points to consider, - Macro trend bearish - Resistance confluence - Oscillators diverging - Volume below average - Range support target GBPJPY’s macro trend has been putting in consecutive lower highs – this...
Evening Traders, Today’s Analysis – NZDUSD- trading at key range resistance with bearish price action. Points to consider, - Macro trend bearish - Range resistance (Pivot) - Range Midpoint (immediate target) - Oscillators diverging - Volume below average NZDUSD’s macro trend is bearish with consecutive lower highs, this projection give us a bearish bias on...
Evening Traders, Today’s Analysis – BTCUSD – breaking down once again from the $10,000 Psychological level, now trading at local resistance. Points to consider, - Impulse bear move down - Local resistance (multiple confluences) - Range support (bear target) - RSI and Stochastics overextended - Volume Climax evident. BTCUSD’s impulse move down broke below local...