PHB/BTC | Golden Cross | S/R Flip Retest | Increasing Volume Today's analysis – PHB/BTC – Breaking bullish from its ascending wedge pattern, retracing to re-test daily support.
Points to consider:
- S/R flip retest
- Support confluence
- EMA Golden Cross
- Increasing Volume
- Oscillators above 50
PHBBTC trading in a healthy uptrend with a strong breakthrough daily resistance. Currently retracing to establish an S/R flip retest of daily support, price holding support will form a higher low on the chart forming a bullish bias in the market.
The 200 EMA is also in confluence with daily support; putting a strong emphasis on support being a key level. Price trading above the EMA is also considered bullish.
A golden cross of the 200 and 21 EMA will indicate momentum shifting to the upside; another confirmation supporting the bullish bias.
The break of daily resistance was backed by above-average volume; adding validity to the price action. Volume needs to remain above average to maintain strength in the market and avoid any fadeouts.
The RSI is ranging above 50, indicating strength in the market. Stochastics are reaching oversold conditions and may remain there for some time.
Overall, in my opinion, a successful S/R flip retest backed by volume validates a long trade to technical targets above with risk defined below daily support.
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And as always,
Focus on you, and the money will too!
Srflip
EURAUD S/R Flip| .618 Fibonacci|Range Midpoint|Oversold BounceEvening Traders,
Today’s Analysis – EURAUD- impulse break through daily support, reclaiming the level. A retest of structure must hold for continuation.
Points to consider,
- Oversold bounce follow through
- Daily support (S/R Flip retest)
- Range Midpoint (Immediate target)
- RSI neutral
- Stochastics overextended
- Volume follow through
EURAUD’s oversold bounce had valid volume follow through; breaking back into key daily support, a retest needs to solidify the level.
The .618 Fibonacci as overthrow is in confluence with daily support, giving the level more significance upon a probable S/R Flip retest.
Immediate target for EURAUD is the range midpoint; taking out this level establishes a technical higher high.
The RSI is neutral whilst the stochastics has a valid sell cross. This signals a probable momentum shift aligning with the price action S/R Flip playing out.
In context, volume had follow through from oversold conditions, this shows immediate strength in price action, market is likely to trade higher.
Overall, in my opinion, the immediate trend is bullish as long as key levels hold. A long trade is valid upon the probable S/R Flip, risk needs to be defined. Price action must be backed with volume for continuation.
What are your thoughts?
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And remember,
“He who knows when he can fight and when he cannot will be victorious.” – Sun Tzu
GO/BTC | S/R Flip Re-test| Trend Continuation | Volume Influx Today's analysis – GO/BTC – Establishing an S/R flip retest following a bullish break of structural resistance.
Points to consider:
- S/R flip Re-test (trend continuation)
- Increasing volume
- 21 EMA (visual guide)
- Oscillators above 50
GOBTC retracing and consolidating above structural support; a successful retest of this level will establish a higher low above the key level forming a bullish bias in the market.
The break of structural resistance was backed by strong volume, adding validity to the price-action. A sustained influx of volume will be key for maintaining the bullish momentum and avoiding any fake-outs.
Further price action and trend continuation will allow the 21 EMA to act as a visual guide; a trade management tool assisting in defining risk.
Both, the RIS and stochastics trading above 50, indicating strength and momentum is currently present in the market. Oscillators need to range above 50 to maintain the bullish momentum.
Overall, in my opinion, a successful S/R flip retest validates a long trade to technical targets above with risk defined below structural support.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
#EOS - Accumulate small chunkDon't put in BIG capital hoping for quick returns, it is one of High market cap coin so will take that long to move!
i don't see it moving anytime sooner, possible accumulation going on, might happen till 2021, as long as weekly doesn't close below 2428 this chart is valid.
Immediate résistance - 3345
The support that was there for 1.5years has now turned in to a HUGE RESISTANCE!
S/R Flip -
Possible triangle forming on weekly
possible IH&S -
Weekly RSI Divergence -
Advice will be to accumulate small chunk till 2021, but don't allocate BIG capital as your capital will be locked, rather than go with small-cap coins they have a better chance of giving you good returns in smaller times!
#notfinancialadvisor
#DoYourOwnResearch
XLM/USDT | Head and Shoulders | Trend Reversal | Trade Setup Today's analysis – XLM/USDT – Retracing after a strong break of structural resistance
Points to consider:
- Macro trend reversal
- Bullish price action
- S/R flip re-test
- Volume influx
- Oscillators overextended
- 21 EMA visual guide
XLM showing convicting signs of a macro trend reversal as it breaches a key level coinciding with monthly structural resistance and its head and shoulders neckline forming a bullish bias in the market.
Multiple bullish engulfing candles with strong volume follow-through is indicative of buyers present in the market and trend continuation is probable.
Price respecting structural support upon retest will solidify the S/R flip and substantiate the bullish bias.
The influx of volume needs to sustain as price retraces and tests support to solidify the price action and avoid any fake-outs.
Both oscillators cooling off from overbought conditions, a retrace and consolidation above support will neutralise and prime the oscillator for a trend continuation. Both the RSI and stochastics need to range above 50 to maintain the bullish bias in the market.
Further price development will allow the 21 EMA to act as a visual guide, assisting in trade management.
Overall, in my opinion, a successful S/R flip re-test of neckline resistance validates a long trade to technical targets above with risk defined below support.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
NANO/BTC | Macro Trend Reversal | S/R flip | Increasing volumeToday’s Analysis – NANOBTC – consolidating within its daily support zone as holds above the 200 EMA
Points to consider:
- 200 EMA S/R flip
- Macro trend reversal
- 55 EMA visual guide
- Increasing volume
- Oscillators neutral
Nanos recent strong price action forming a successful S/R flip re-test of the 200 EMA on the daily timeframe indicates early signs of a macro trend reversal, giving the market a bullish bias.
Thereafter, Nano establishing a higher high and higher low on the chart further supporting the bullish bias.
Further price development will allow the 55 EMA to act as a visual guide assisting in trade management.
Historically, an inflow of volume has coincided with bullish price action as it breaches key levels; indicating a true break of the level and adding validity to the price action. Volume follow-through is needed currently for a true trend continuation, avoiding any false breaks.
Oscillators are neutral, further price development will allow for directional bias.
Overall, in my opinion, NANO is currently trading in the buy zone for a long trade to structural resistance as the immediate target with risk defined below the 200 EMA.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
ETHBTC |S/R Flip | 55 EMA | Short Trade Today's analysis – ETHUSDT – A bearish re-test of local resistance will form a local swing high failure, validating a short trade with daily support as the immediate target.
Points to consider:
- S/R flip
- 55 EMA (visual guide)
- Below average volume
- Oscillators below 50
ETHUSDT needs to hold the re-test at local resistance to establish a lower high forming a bearish bias in its local trend. However, price breaking above daily resistance negates the thesis.
The 55 EMA will act as a visual guide; price trading below this indicator will support the bearish bias.
Volume is below average, an influx is likely as price retests resistance. Volume influx is necessary as this will help dictate the strength of the move and avoid fake outs.
Both oscillators below 50, trading below this level retains the bearish bias indicating weakness in the market.
Overall, in my opinion, a strong price rejection upon re-test of local resistance with volume follow-through validates a long trade with technical targets below and defined risk above resistance.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
TRXBTC | Key Level |S/R flip Retest | Head and Shoulders Today's analysis – TRONBTC – Trading at a key pivotal level, putting in an S/R flip retest.
Points to consider:
- Valid head and shoulders (neckline breached)
- S/R flip retest
- 200 EMA support Confluence
- 21 EMA (visual guide)
- Low volume
- RSI trading above 50
- Stochastics buy cross
TRXBTC has breached its inverted head and shoulders neckline, validating the pattern and establishing a higher high, forming a bullish bias in the market.
Consolidating at it its daily support zone, putting in an S/R flip retest. Price needs to hold this level for a valid long trade.
Support zone is also in confluence with the 200 EMA acting as dynamic support, further solidifying this key level. Price trading above the EMA will support the bullish bias.
Further price development will allow the 21 EMA to act as a visual guide assisting in trade management.
Volume is clearly tapering off and below average. An influx of volume is key at this level to support the trend continuation and void any fake-outs.
RSI holding above 50 as it cools-off from overbought conditions; ranging above 50 will retain the strength in the market.
Further bullish price action will form a bullish crossover on the stochastics with ample stored momentum to the upside.
Overall, in my opinion, TRXBTC is in its buy zone for a valid long trade with technical targets above. Volume follow-through is needed and will be key for a bullish continuation.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
#AMPL - 18$ incoming #YOLOalright, I don't understand the rebase & the tech but they made me FOMO!!
Charted it, TA wise looks good, looks good retest of the broken triangle, I already posted signal in telegram channel & as I mentioned this is #YOLO trade
say you trade with 1000$ enter the setup with just 10-20$ (approx 1-2%) if it goes where we want you will be happy if it doesn't won't hurt your accounts 😁
Take the risk or regret! choice is yours
THETABTC | S/R Flip | Trend Reversal | Trade SetupToday's analysis – THETABTC – Putting in an S/R flip retest of daily support. Price holding this level validates a long trade to structural resistance.
Points to consider:
- Trend Reversal (S/R flip)
- 21 EMA (visual guide)
- Bearish divergence (playing out)
- Stochastics above 50
- Low Volume
THETABTC forming a probable higher low above daily support as it retraces for a retest. Price holding this level will indicate first signs of a trend reversal as the market builds momentum to the upside, establishing a bullish bias.
The 21 EMA will act as a visual guide as the trend develops and price respects the MA assisting in trade management.
Bearish divergence playing out as price tests support. Both oscillators need to hold and range above 50 to maintain the bullish bias.
Volume is low and below average, usually, an indication of an influx being imminent.
Overall, in my opinion, s successful retest of the daily support level validates a long trade to structural resistance with risk defined (SL) below support zone.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
MITHBTC | S/R Flip | Trend Reversal | Inverse Head and ShouldersToday analysis – MITHBTC – Forming a higher low, consolidating above daily support validating a long trade to technical targets above.
Points to consider:
- S/R flip Retest (trend reversal)
- 100 EMA (support confluence)
- Inverse head and shoulders
- Low volume
- Oscillators neutral
MITHBTC trading in a healthy uptrend forming a lower high with a valid S/R flip retest of daily support, establishing a bullish bias with signs of a macro trend reversal.
Price breaking above and respecting the 100 EMA allows for an additional layer of support. Holding above the MA is bullish, supporting the bias for a trend continuation.
A valid inverse head and shoulders (bullish trend reversal pattern) is also in play as price holds above the neckline coinciding with daily support.
Volume has tapered off and trading below average, an influx is essential as price gravitates towards daily support to avoid any false breaks and restore strength in the anticipated trend continuation.
Both, RSI and Stochastics are testing the 50 levels as volatility contracts. Although further price action will allow for directional bias, it is essential oscillators hold above 50 to maintain a bullish bias.
Overall, In my opinion, a long trade is validated as MITH retraces to daily support with technical targets above - defining risk (SL) at the previous swing low.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
LINKBTC | Price Discovery | Bullish Price Action | Trade Setup Today's analysis – LINKBTC – consolidating near structural resistance, attempting to break out to new all-time highs.
Points to consider:
- Ascending triangle (bullish pattern)
- Strong price action
- S/R flip (trend continuation)
- Price discovery (blue-sky breakout)
- 20 EMA (visual guide)
- Declining volume
- Oscillators holding above 50
LINKBTC continues to hold and consolidate near the neckline of its multi-month ascending triangle (considered a bullish chart pattern).
Although price has failed to break structural resistance, bulls are quick to buy up the rejection, indicating strength in the price action.
An S/R flip at structural resistance will form a higher high in the chart and allow for a further trend continuation.
Trend continuation will also indicate new all-time highs for LINKBTC as it enters price discovery mode.
The 20 EMA acts as a visual guide upon strong trend continuation as it is respected by price action. Also assisting in trade management by helping define risk (trailing stop loss).
Volume has been declining and remaining below average. Historically, an inflow of volume has coincided with bullish price action, indicative of an influx being probable at the retest structural resistance.
Both the RSI and stochastics are recovering from overbought conditions as they hold above 50 indicating strength and momentum remaining within the market. Oscillators need to range above 50 to support the bullish bias.
Overall, in my opinion, a breakout is imminent. An S/R flip re-test of structural resistance with volume follow through validates a conservative entry for a long trade.
What are your thoughts?
If you’ve read this far - thank you for following my work!
OGNBTC | Trade Setup | S/R Flip | Bullish Price Action Today's analysis – OGNBTC – breaking bullish from its immediate downtrend as it reaches its apex.
Points to consider:
- Daily support respected
- S/R flip
- 21 EMA (visual guide)
- Low Volume
- RSI breaking above 50
- Bullish Stochastics
OGNBTC has respected daily support upon retest, establishing a higher low (early signs of trend reversal).
Local resistance is breached as price breaks bullish from its immediate downtrend. Establishing a body candle close above resistance adds validity to the break and an S/R flip retest of resistance supports a bullish reversal.
The 21 EMA will act as a visual guide as the trend develops and price respects the MA assisting in trade management.
Volume has been declining and remaining below average. Historically, an inflow of volume has coincided with bullish price action, indicative of an influx being probable. Volume follow-through is essential to solidify price action and avoid any false breaks.
RSI breaking above 50 indicating increasing strength in the market. Stochastics projecting up, breaking the 50 level is indicative of increasing momentum in the market. Both oscillators need to range and hold above the 50 level for a bullish continuation.
Overall, in my opinion, a successful break and retest of local resistance with volume follow-through validates a long trade with technical targets above; risk defined (SL) below daily support.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
SPX Topped Out? Channel Neckline Breached | Bearish PA Todays analysis – SPX – breaking bearish from its long-lived multi-month ascending channel
Points to consider:
- Channel support breached
- Testing daily support and 200 DMA
- Bearish price action
- RSI breaking below 50
- Stochastics oversold
SPX needs a daily body candle close below channel support for a bearish bias in the market.
Currently retesting daily support, in confluence with the 200 MA where price previously held support. However a weak bounce, forming multiple bearish engulfing candles, price is likely to break down further.
Breaking below $2960 will form a technical lower low and an S/R flip at daily support confirms a trend reversal, solidifying the bearish bias.
RSI has broken below 50, indicative of increasing weakness in the market. Stochastics are oversold and may remain oversold for some time.
Overall, in my opinion, further price development is likely to confirm trend reversal as price retraces lower from these levels, validating structural support as the next technical target.
What are your thoughts? Let me know in the comments below!
And if you’ve read this far - thank you for following my work!
As always,
Focus on you, and the money will too!
BATBTC | Breakout | S/R Flip | Support Confluence | Trade Setup Todays analysis – BATBTC – Retracing from a multi-month triangle formation breakout (as explored in previous BATBTC analysis - link down below)
Points to consider:
- S/R flip retest
- Support confluence
- 21 EMA visual guide
- Oscillators over-extended
- RSI bearish divergence
- Declining Volume
BATBTC needs to hold the probable S/R flip retest at structural support to establish a higher low, validating a long trade. However, trend continuation at this level will negate the thesis.
Price needs to respect structural support (in confluence with .382 Fibonacci retracement) indicating a probable trend continuation, forming bullish bias in the market.
Trend continuation upon price testing the 21 EMA will support the bullish bias, allowing the EMA to act as a visual guide.
Both the RSI and stochastics cooling off from overbought conditions, a retrace to structural resistance will allow the oscillators to cool off. Furthermore, a technical bearish divergence on the RSI affirms weakness in the immediate market.
An increase in volume will be key as price tests support levels to avoid any false breaks.
Overall, in my opinion, BATUSDT has strong support confluence giving it a greater probability of breaking bullish, however, support re-test is needed for a valid long trade.
What are your thoughts? Let me know in the comments below!
And if you’ve read this far - thank you for following my work and development as a trader!
As always,
Focus on you, and the money will too!
VETUSDT | Double Top | S/R Flip | Volume Climax Todays Analysis – VETUSDT – Ranging within support and resistance
Points to consider:
- Weekly resistance
- S/R Flip
- .382 Fibonacci Retracement
- 21 EMA (visual guide)
- Volume Climax
- Oscillators Neutral
VETUSDT is consolidating within structural support and double top resistance after putting in a successful S/R flip re-test.
A long trade will be validated upon body candle closes above weekly resistance or a short trade upon body candle closes below structural support.
The .382 Fibonacci retracement acting as support in confluence with structural support needs to hold for a bullish continuation.
Price action respecting the 21 EMA as it breaks in either direction will act as a visual guide, assisting in trade management.
VeChains recent volume climax as it broke above resistance levels is indicative of buyer exhaustion as price balances supply and demand. The current volume is below average, a sustained increase in volume will allow for decisive price action in either direction avoiding any false breaks.
Oscillators are neutral, further price development will allow for directional bias.
Overall, in my opinion, further price development is needed and a break in either direction supported by volume validates a trade.
What are your thoughts?
If you’ve read this far, I’d like to thank you for following my work and development as a trader!
As always,
Focus on you, and the money will too!
AGIBTC | Resistance Confluence | Head and Shoulders | S/R Flip Todays Analysis – AGIBTC – rejected from structural resistance, trying to bottom with probable inverted head and shoulders.
Points to consider:
- Multi-resistance Confluence
- S/R Flip (trend reversal)
- 21 EMA (visual guide)
- Declining Volume
- RSI above 50
- Stochastics Overextended
AGIBTC currently retracing from resistance cluster where the .382 Fibonacci retracement, 200 EMA and structural resistance coincide. Thus, a successful S/R flip of the resistance cluster will be bullish and indicative of a trend reversal, also validating the head and shoulders pattern,
The 21 EMA will act as a visual guide, price respecting and trading above this indicator is deemed bullish.
Volume is steadily declining, a sustained increase in volume is needed and will be supportive of the S/R flip and solidity of the price action.
RSI ranging above 50, establishing consecutive higher lows showing strength in the market.
Stochastics currently overextended and may remain in this region for some time, however, a buy cross will indicate a momentum shift, coinciding with the possible S/R flip.
Overall, in my opinion, AGI is trading at a key location where a long trade is validated upon an S/R flip re-rest with technical target being structural resistance.
What are your thoughts?
Thank you for following my work and development as a trader!
As always,
Focus on you, and the money will too!
IOSTUSDT | S/R Flip | Volume Climax | .618 Fibonacci Todays analysis - IOSTUSDT – retracing after a strong breakthrough structural resistance.
Points to consider:
- S/R flip Re-test
- Support confluence
- 55 EMA – visual guide
- Volume climax
- Oscillators overextended
IOST is likely to retrace back to structural resistance after a bullish pattern break, S/R flip needs to hold for a valid long trade.
Structural support in confluence with .618 Fibonacci retracement further solidifies the true trade location.
IOST trading above the 55 Exponential Moving Average, acting as a visual guide, price must hold on retest to support the bullish bias.
Volume climax evident, indication of buyer exhaustion, temporary top may be in as price finds its equilibrium before another probable impulse move.
Both, the RSI and Stochastics trading in overextended conditions, a retrace in price will allow oscillators to cool off, creating space for further bullish momentum.
Overall, in my opinion, a long trade is validated on a successful S/R flip re-test.
What are your thoughts? Let me know in the comments below!
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#netflix - buy the dip Netflix has broken out of huge ascending triangle, it is one of those few stocks for which current #Covid-19 situation is good for business, with people locked inside only thing they have to do is "Netflix & Chill"
green range should act as good support now so buy close to it
there are bearish bearish Divs printing on weekly & monthly but I feel this will go Parabolic like Microsoft!