LINKUSDT Establishing a New High with Further Upside Probable Points to consider,
• Weekly Bullish Order Block holding true
• Increasing volume profile suggestive of a climatic node
• RSI and Stochastics Bullish Control Zones intact
Chainlink’s recent expansion has breached swing high posting a new all-time high as the macro bull trend continues to be intact. Consecutive higher highs and higher low are still integral thus higher prices are probable until proven otherwise.
LINK/USDT Weekly Chart
Observing the chart we can clearly see price action breaking the weekly S/R Zone with a strong impulsive break that led to an initial Bullish Volatility Expansion. This breakout established a weekly inside bar that contracted volatility for a total of three weeks. Evidently a consecutive expansion occurred where price action established a clear swing high.
The swing high led to a short term bearish volatility expansion as price action made its way down. A rounded retest was confirmed at the Bullish Order Block where price action wicked down and immediately got bought up. This is technically indicative of strength in the immediate short term which did come to fruition with an expansion.
The 21 Moving Average can be considered as a clear visual guide, price action has found clean support over the majority of the trend. As long as this holds true, higher prices are expected, breaking below will be a sign of weakness.
Now observing both oscillators, momentum is still shifted bullish with key resistance yet to be tested, especially the stochastic momentum.
LINK/USDT Weekly Stochastics:
A few conditions to be valid here for LINKUSDT as the Stochastics have a clear oscillation that marks temporary tops and bottoms. As of most recent, there has been a Bull Cross with an expansion occurring. This expansion is likely to top out at Oscillators resistance, a reversion usually occurs at these regions before a diversion back to its mean – Bullish Control Zone Median.
LINK/USDT Weekly RSI:
The RSI is also trading in the upper regions of its Bullish Conrol Zone where acceleration is likely to occur. This indicator is highly useful in measuring the speed and velocity of price action, especially on impulsive coins such as LINKUSDT. Swing high being the immediate objection suggests that further upside is probable in respect to price action. This goes well with the current volume profile as there are no immediate climatic nodes suggestive of a temporary top being set.
In conclusion, LINKUSDT remains its bullish market structure and continues to expand in a volatile manner, espically when breaking key levels. The volume profile analysis is indicative of further upside until a climatic node comes to fruition. This aligns very well with the Oscillators as they are yet to meet technical resistance, leading into a reversion.
Hope this analysis helps in making discretionary management decisions.
Stochastic Oscillator
EURUSD Local S/R| Internal Trend Line| Swing High| Price Action Evening Traders,
Today’s analysis – EURUSD- trading above Local S/R where a bullish retest is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.50 Fibonacci & Internal Trend Support)
- Swing High Objective
EURUSD’s immediate price action is impulsive above Local S/R that is in confluence with the .50 Fibonacci and internal trend line, a respect here is probable.
The swing high is current objective, price action exceeding this level will likely increase the probability of continuation.
Overall, in my opinion, EURUSD 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,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
UNIUSDT Daily S/R| Broadening Wedge|Swing High|Price ActionEvening Traders,
Today’s analysis – UNIUSDT- trading above a key Daily level with further upside probable,
Points to consider,
- Price Action Broadening Wedge
(Partial Decline)
- Daily S/R Support
- Volume Influx
- Oscillators Bullish Control Zones
- Swing High Objective
- Fibonacci Extension Targets
UNIUSDT’s immediate price action is trading in an ascending broadening wedge with a partial decline. The .382 Fibonacci has been respected, allowing for a bullish bias.
There is a volume climax that is indicative of a true break, volume follow through is needed for continuation.
Both oscillators are cuurently trading in there respective bullish control zones, maintaining these regions is indicative of strength in the market.
The swing high is objective, breaking this will greatly increase the probability of hitting the Fibonacci extension targets.
Overall, in my opinion, UNIUSDT 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.
“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
GBPNZD Local S/R| 200 MA| .382 Fibonacci| Price Action Evening Traders,
Today’s analysis – GBPNZD- trading above the 200 MA with further upside potential,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.382 Fibonacci Confluence)
- Swing High Objective
- Oscillators Bullish Control Zone
GBPAUD’s immediate price action is trading at a key trade location where a respect is probable. The area is in technical confluence with the Local S/R and .382 Fibonacci.
The swing high is immediate objective; price action exceeding this level will increase the probability of a higher high.
Both oscillators are trading in their respective bullish control zones. Remaining in these regions is indicative of strength in the market.
Overall, in my opinion, GBPNZD 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 market is a device for transferring money from the impatient to the patient.”- Warren Buffet
AUDUSD Weekly S/R/ .382 Fibonacci| Price Action| Swing High Evening Traders,
Today’s analysis – AUDUSD- trading above its weekly S/R where a back test is deemed possible,
Points to consider,
- Price action impulsive
- Weekly S/R Support
(.382 Fibonacci Confluence)
- Swing high objective
- Oscillators extended
AUDUSD’s immediate price action is impulsive above Weekly S/R, price action respecting and holding this .382 Fibonacci is deemed bullish.
The swing high is current objective, exceeding this level will increase the probability of trend continuation.
Both oscillators are extended, trading in their overbought conditions, a reversion to their means is highly probable, allowing for a pull back.
Overall, in my opinion, AUDUSD 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,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
ETHUSDT Local S/R| 200 MA| Daily S/R| .618 Fibonacci Evening Traders,
Today’s analysis – ETHUSDT- trading below Local S/R where further downside is probable,
Points to consider,
- Price Action Impulsive
- Local S/R resistance
(200 MA Confluence)
- .618 Fibonacci Objective
- Declining Volume
ETHUSDT’s immediate price action is trading bearish under local S/R allowing for a short term bearish bias with the 200 MA being in confluence.
The .618 Fiboancci is current objective, price action is likely to respect this level for a bottom fishing entry.
The immediate volume is below average, an influx is highly probable when testing key trade locations.
Overall, in my opinion, ETHUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
GBPJPY Daily S/R| .382 Fibonacci| Price Action| Local S/R Evening Traders,
Today’s analysis – GBPJPY- trading below Daily S/R where a rejection is probable,
Points to consider,
- Price action impulsive
- Daily S/R Resistance
- Local S/R Support
(.382 Fibonacci Confluence)
- Oscillators Neutral
GBPUSD’s immediate price action is trading below Daily S/R allowing for a bearish bias.
The current support is in confluence with the .382 Fibonacci, price is likely to respect this level.
Both oscillators are trading neutral; a reversion to their mean is highly probable.
Overall, in my opinion, GBPJPY is a valid short 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
XAGUSD Local S/R| Internal S/R, Swing High, Price ActionEvening Traders,
Today’s analysis – XAGUSD retest Local S/R witch a bullish reaction thus far,
Points to consider,
- Price Action Impulsive
- Demand Zone S/R
- Swing High Objective
- Oscillators Bullish Control
SILVER’s immediate price action is trading at key Demand Zone that is in confluence with the internal S/R, this allows for a bullish bias.
The Swing High is immediate objective; price action exceeding this level is likely to lead to trend continuation.
Both Oscillators are trading in their respected bullish control zones, indicative of strength in the market.
Overall, in my opinion, SILVER 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,
‘’No one strategy is correct all the time’’.- John Paulson
ZILUSDT Daily S/R| Swing High| Declining Volume| Price Action Evening Traders,
Today’s analysis – ZILUSDT- trading above Daily S/R where a respect is bullish,
Points to consider,
- Price Action Descending Channel
- Daily S/R Support
(Bullish OB)
- Swing High Objective
- Declining Volume
- Stochastics Buy Cross
- RSI Dynamic S/R
ZILUSDT’s immediate Price Action is bullish, trading in a Descending Channel above daily S/R that is in confluence with the Bullish Order Block, this allows us to have a bullish bias on the market.
The Swing High is immediate objective; Price Action exceeding this level increases the probability of trend continuation.
Current volume is declining which is indicative of an expansion occurring, this is highly probable as Price Action is trading at a key trade location.
The Stochastics has a buy cross coming to fruition that will coincide with a respect of the RSI Dynamic S/R, this will increase the bullish probability.
Overall, in my opinion, ZILUSDT 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,
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee,
XTZUSDT Daily S/R| .50 Fibonacci| Swing High| Price Action Evening Traders,
Today’s analysis – XTZUSDT- trading above Local S/R where a pullback is probable,
Points to consider,
- Price action impulsive
- Local S/R Support
(.50 Fibonacci Confluence)
- Swing High Objective
- Oscillators Extended
- Volume Influx
XTZUSDT’s immediate price action is impulsive above Local S/R that has technical confluence with the .50 Fibonacci- this allows us to have a bullish bias.
The swing high is current objective; price action exceeding this level will test Daily S/R
Both oscillators are currently trading over-extended; a reversion to their means is highly probable on a pull back.
The volume profile has a valid influx node, price action needs bull volume follow through to maintain strength.
Overall, in my opinion, XTZUSDT 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,
“Gamblers obsess with big potential upside windfall profits. Intelligent speculators obsess with managing downside risk.” Peter Brandt
CADJPY Daily S/R| .382 Fibonacci| Local S/R| Price Action Evening Traders,
Today’s analysis – CADJPY- trading towards Daily S/R where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- .382 Fibonacci Objective
- Oscillators Neutral
- Declining Volume
CADJPY’s immediate price action is trading towards key daily resistance, allowing us to have a bearish bias on the market.
The .382 Fibonacci is current objective, breaking this level will increase the probability of Local S/R being tested.
Both Oscillators are currently trading in their neutral, remaining in their bullish control zones is indicative of strength.
The current volume nodes are declining, an influx is highly probable when testing key trade locations.
Overall, in my opinion, CADJPY is a valid short with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“Freedom from blind reactivity begins with self-awareness.”
― Yvan Byeajee,
AUDNZD Daily S/R| Swing High| .382 Fibonacci| Price Action Evening Traders,
Todays analysis – AUDNZD- trading above a key S/R zone where a respect is probable,
Points to consider,
- Price Action Impulsive
- .382 Fibonacci Support
- Daily S/R Objective
- Oscillators Neutral
AUDNZD’s immediate price action is trading above a level that has technical confluence with the .382 Fibonacci, this S/R level has a high probability of holding.
The Daily S/R is immediate objective, exceeding this level will increase the probability of trend continuation.
Both oscillators are trading neutral, a reversion to their means is highly probable
Overall, in my opinion, AUDNZD 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 market is a device for transferring money from the impatient to the patient.”- Warren Buffet
EGLDUSDT Local S/R| Swing High| Price Action| 200 MA Evening Traders,
Today’s analysis – EGLDUSDT – trading above Local S/R where a respect is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(200 MA & .618 Fibonacci Confluence)
- Swing High Objective
- Oscillators Extended
- Volume Climax
EGLDUSDT’s immediate price action is impulsive at current Local S/R, this level has technical confluence with the .618 Fibonacci and 200 MA. Price Action has a high probability of respecting the level.
The Swing High is immediate objective, exceeding this level increases the probability of a trend continuation.
Both oscillators are trading in extended conditions; a reversion back to their mean is highly probable. There is a volume climax node, indicating a temporary bottom, bullish price action needs bullish volume follows through.
Overall, in my opinion, EGLDUSDT 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!,
“In trading, everything works sometimes and nothing works always.”
GBPUSD| Weekly S/R Swing Low| 200 WMA| Price ActionEvening Traders,
Today’s analysis – GBPUSD – trading at a key Weekly S/R where an impulse break is probable,
Points to consider,
- Price Action Impulsive
- Weekly S/R Support
(POC S/R Confluence)
- Oscillators bullish control
- Declining Volume
GBPUSD’s immediate price action is trading with candle closes at a key Weekly S/R, this allows us to have a bullish bias on the market.
The Weekly S/R in confluence with the POC is support that is likely to be resected in the coming weeks.
Both oscillators are trading in bullish control zones, this is indicative of strength in the market as momentum is shifting up.
The volume profile is currently declining, an influx is highly probable at such as key trade location.
Overall, in my opinion, GBPUSD 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 expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee, Paradigm Shift: How to cultivate equanimity in the face of market uncertainty
VETUSDT Local S/R| .382 Fibonacci| Price Action| Swing High Evening Traders,
Today’s analysis – VETUSDT- trading above Local S/R where a back test is probable,
Points to consider,
- Price action impulsive
- Local S/R Support
(.382 Fibonacci Confluence)
- Swing high objective
- Oscillators bullish control
- Volume influx
VETUSDT’s immediate price action is impulsive, a retest of the Local S/R that is in technical confluence with the .382 Fibonacci is likely to be respected, this allows for long entries.
The Swing High is immediate objective; price action exceeding this level will increase the probability of trend continuation.
Both oscillators are trading in respective bullish control zones, maintaining these regions are indicative of strength.
There is a valid volume influx, follow through is critical to maintain strength in the market.
Overall, in my opinion, VETUSDT 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 market is a device for transferring money from the impatient to the patient.”- Warren Buffet
SNXUSDT Daily S/R| 200 MA|.618 Fibonacci|Price Action|Bull TrendEvening Traders,
Today’s analysis – SNXUSDT- trading above key levels with consecutive higher lows and higher highs,
Points to consider,
- Price Action Bullish
- Daily S/R Support
- Higher Low Entries
(.50 Fibonacci & Local S/R)
- Oscillators Bullish Control
- Declining Volume
SNXUSDT’s immediate price action is bullish, a higher low projection allows for bottom fishing entries.
Aggressive entries are considered at Daily S/R Zone where more conservative entries will be at Local S/R. Price Action has a high probability of respecting these trade locations.
Both oscillators are trading in bullish control zones, remaining in these regions is indicative of strength.
The immediate volume is declining which is indicative of an influx, especially when testing key trade locations.
Overall, in my opinion, SNXUSDT 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.
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
EURNZD Local S/R| 200 MA| .618 Fibonacci| Price ActionEvening Traders,
Today’s analysis – EURNZD- trading above Local S/R where further upside is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.618 Fibonacci)
- Daily S/R Resistance
- Oscillators Extended
EURNZD’s immediate price action is impulsive towards Local S/R that has been respected which is in confluence with the .618 Fibonacci.
The Daily S/R is immediate objective, exceeding this level is likely to continue a bullish trend.
Both oscillators are over extended; a reversion to their mean is highly probable.
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,
“When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance.” – Mark Douglas
SCALP - GBPJPY BUYMarket conditions are showing slowing of selling momentum. Price should be looking to retrace and retest target level. Entry on trend line break and close above grey resistance area. Conservative stop loss will go below the low of the candle that breaks and closes into the resistance area with a max stop loss as shown. The indicators I have chosen are all acting in confluence to the emerging move to the upside.
WAVESUSDT Volume Influx| Daily S/R| .618 Fibonacci| Price ActionEvening Traders,
Today’s analysis – WAVESUSDT- strong influx of volume with further upside probable,
Points to consider,
- Price Action Impulsive
- .618 Fibonacci S/R
- Daily S/R Resistance
- RSI Bullish Control Zone
- Stochastics Buy Cross
- Volume Influx
WAVESUSDT’s immediate price action is impulsive with a strong volume influx; a trend trade is probable if the Daily S/R is breached.
The .618 Fibonacci Zone is of demand, price has a probability of wicking here before a trend continuation.
The Current RSI and Stochastics are both trading in their bullish control zones, remaining in these regions is indicative of strength in the market.
Overall, in my opinion, WAVESUSDT 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 obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
ADAUSDT Supply Zone| Price Action| Local S/R| Swing High Evening Traders,
Today’s analysis – ADAUSDT- trading at a key trade location where a rejection is probable,
Points to consider,
- Price Action Grind
- Local S/R Support (.382 Fibonacci Confluence)
- Swing high objective
- Oscillators bullish control zone
- Declining Volume
ADAUSDT’s immediate price action is grinding towards a key support zone that has rejected price once, a pullback will allow for a long entry.
The Local S/R is in confluence with the .382 Fibonacci, a respect of this level is highly probable.
The Swing High is current objective, exceeding this level will make the local high as target.
Both oscillators are trading in their respective bullish control zones, remaining in these regions is indicative of strength in the market.
Local Volume Profile is on a declining, this is suggestive of an influx being imminent in the immediate term.
Overall, in my opinion, ADAUSDT is a valid long with the setup; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee
GBPAUD Price Action| Daily S/R| Local S/R| Swing High Evening Traders,
Today’s analysis – GBPAUD- trading above Daily S/R, further upside is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R Resistance
- Oscillators Extended
- Swing High Objective
GBPAUD’s immediate price action is trading above Daily S/R, a pullback retest with a hold will allow for a bullish bias.
The current resistance is Local S/R, breaching this level will make the swing high objective.
Both oscillators are currently overextended; a reversion to their mean is currently in the process.
Overall, in my opinion, GBPAUD 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,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
EURJPY Local S/R | Double Top| .382 Fibonacci| Price Action Evening Traders,
Today’s analysis – EURJPY- trading at a key resistance where a rejection is probable,
Points to consider,
- Price Action Double Top
- Local S/R Resistance
- Local S/R Zone Support
(.382 Fibonacci Confluence)
- Oscillators Bullish Control Zone
EURJPY’s immediate price action is trading at a double top formation, a rejection back to Local S/R zone is probable.
The Local S/R Zone has technical confluence with the .382 Fibonacci, a bounce at this region is highly probable.
Both oscillators are trading in their respective bullish control zones, diverting back to neutral territory is healthy for the overall trend.
Overall, in my opinion, EURJPY is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb