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Stochastic Oscillator

ONEUSDT Daily S/R | .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – NEUSDT – trading towards a technical trade location where a bounce is probable, Points to consider, - Price action corrective - Daily S/R Support - Swing High Objective - Low Volume - Trend ONEUSDT’s immediate price action is trading towards a trade location that has technical confluence with the .618 Fibonacci and Two Daily S/R Supports, allowing for a bullish bias. The swing high is the immediate objective, exceeding this level will lead to a trend continuation. The current volume profile is below average, an influx is highly imminent before the next expansion. Overall, in my opinion, ONEUSDT 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 can stay irrational longer than you can stay solvent.” – John Maynard Keynes
Long
by The_Alchemist_Trader_
2
EURNZD Local OB| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – EURNZD – trading towards a technical trade location where a bounce is probable, Points to consider, - Price Action Corrective - .618 Fibonacci Support - POC S/R Support - VWAP S/R Support - Swing High Objective EURNZD’s immediate price action is corrective and is trading towards a technical trade location that has confluence with a Local OB| POC S/R and a VWAP S/R, allowing for a bullish bias. The Swing High is the immediate objective, exceeding this level will lead to a trend continuation. The current volume is below average, an influx is highly imminent on the next expansion. 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, “Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis
Long
by The_Alchemist_Trader_
1
ADA/USD - updateWe have seen a very nice rise with ADAUSD since the 11th Jan with increasing Volume on this Binance 1d chart. The only issue at the moment is that BTC is dragging everything down with it so ADA is having trouble maintaining its rise at the moment. ADA is above its Bollinger Bands Middle Band Basis 20 Period SMA and note that we have expansion of the Upper and Lower Bands and this expansion is for positive momentum. Not that ADA is above its Bollinger Bands Upper band so a retracement back under the Upper Band shouldn’t come as a surprise. Note that ADA is still above its Least Squares Moving Average (LSMA) for this 1d timeframe. ADA is still in the Bearish Zone of the Ichimoku Cloud but note that ADA has risen and is now getting close to the Leading Span A (Senkou Span A) resistance Level. Note that ADA is still above its Longterm Pitchfork Median Line on this 1d timeframe. ADA is still above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 8x daily candles that i have selected. ADA is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. Note that Volume has increased and yesterday’s Volume Bar closed above its Volume 20 Period Moving Average and today’s Volume Bar will also close above it. If we look at the Moving Average Convergence Diveragnce (MACD), we can see that the MACD Line (Blue Line) has crossed back over the Signal Line (Orange Line) generating a Buy Signal on the 13th-14th Jan and note that the MACD Line (Blue Line) is very close to crossing back over the 0.0 Base Line into the Positive Zone of the MACD indicator. Note that the MACD Line (Blue Line) has not been in the Positive Zone above the 0.0 Base Line since the 17th Sept 2021 so this will be an important move. If we look at the Average Directional Index (ADX DI) we can see that the +DI (Green Line) is at 25.30 and has crossed back over the -DI (Red Line) which is at 14.28. this means that Positive Momentum is stronger then Negative Momentum on this 1d timeframe. Note that the Trend Strength is slightly weak with the ADX (Orange Line) at 18.94 under it s 9 Period EMA (White Line) which is at 19.85 and under the 20 Threshold. Note that the ADX (Orange Line) is pointing upwards so we may see another massive increased positive rise if the ADX (Orange Line) crosses back above the 9 Period EMA (White Line) and the 20 Threshold level. If we look at the Stochastic Indicator (STOCH) we can see that the %K (Blue Line) is in the Overbought Zone of this indicator. The %K (Blue Line) is pointing downwards but it is still above its %D (Orange Line). Be on the lookout for if the %K (Blue Line) stays above the %D (Orange Line) or crosses back below it. Note that because the %K (Blue Line) is in the Overbought Zone that doesn't see that it will drop out of it because the %K (Blue Line) can range sideways in the Overbought Zone for a prolonged period of time. Here is a wider look at this 1d chart. With such a rise it is not uncommon for the price to drop back under its Upper Bollinger Band before continuing upwards. If Upwards Momentum continues being strong then we may see ADA walk up along its Upper Band for a few days. As usual with BTC dropping, BTC is dragging everything down with it and slowing ADA’s rise, so we have to keep an eye on what BTC is doing because if BTC drops under $40K, then that will continue to drag ADA and all other alts down with it. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by TradingThroughTheLens
1
AUDUSD Local S/R| Daily S/R| Price Action| Trend Evening Traders, Today’s analysis – AUDUSD – price action is trading towards a key trade location where a reversal is probable, Points to consider, - Price Action Impulsive - Local S/R Support - .618 Fibonacci Confluence - Low Volume - Trend AUDUSD’s immediate price action is trading impulsive and is trading at a trade location that is in confluence with the Local S/R and the .618 Fibonacci, allowing for a long bias. The current volume profile is below average, an influx is needed on the next expansion. The trend is current up with consecutive higher low, a continuation if more likely. 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, “All statistics have outliers. Money management, therefore, is key to the process of good trading.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
1
USDCHF Double Bottom, Swing Low, Price Action, Trend Evening Traders, Today’s analysis – USDCHF – trading at a potential double bottom formation where a bounce is probable, Points to consider, - Price Action Corrective - Double Bottom Support - Structural S/R Resistance - RSI Oversold USDCHF’s immediate price action is trading at a key location that has equal lows, allowing for a bullish bias. The Structural S/R is current resistance, testing this level is highly probable once a bounce get on the way. The current RSI is over-extended, a reversion it is mean is likely from current extended regions. Overall, in my opinion, USDCHF 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, “It’s OK to be wrong; it’s unforgivable to stay wrong
Long
by The_Alchemist_Trader_
1
NEARUSDT Elliot Wave| ABC Correction| Price Action| Trend Evening Traders, Today’s analysis – NEARUSDT- trading in a potential Elliot Wave where a correction is probable, Points to consider, - Price Action Impulsive - Wave 5 Completion - ABC Correction - Low Volume - RSI Bullish Control NEARUSDT’s immediate price action is trading in an Elliot Wave structure completing a potential WAVE 5 for an ABC Correction. The current volume profile is below average, an influx is highly imminent on the next expansion. The RSI is current trading in its bullish control territory, breaking below its 50-Mid Line is indicative of weakness. Overall, in my opinion, NEARUSDT 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
Short
by The_Alchemist_Trader_
8
SOLUSDT Local S/R| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – SOLUSDT – trading towards a key trade location where a bounce is probable, Points to consider, - Price Action Impulsive - Local S/R Support (.618 Fibonacci Confluence) - Low Volume - RSI Bullish Control Zone SOLUSDT’s immediate price action is impulsive and is trading towards its Local S/R that has technical confluence with the .618 Fibonacci, allowing for a bullish bias. The current volume profile is below average, an influx is highly needed for an expansion. The RSI is currently trading in its bullish control zone, remaining in these regions is indicative of strength. Overall, in my opinion, SOLUSDT 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
Long
by The_Alchemist_Trader_
SENATE Range High| .618 Fiboancci| Price Action| Trend Evening Traders, Today’s analysis – SENATE – trading at a key trade location where an impulse to the highs is probable, Points to consider, - Price Action Corrective - Range High Support - Swing High Objective - Low Volume SENATE’s immediate price action is trading at the Range High that is in confluence with the VWAP S/R and the .618 Fiboancci, allowing for a bullish bias. The Immidiate objective is the Swing High, exceeding this level will lead to a trend continuation. The current volume profile is below average, an influx is highly imminent when testing a key trade location. Overall, in my opinion, SENATE 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
SLong
by The_Alchemist_Trader_
1
EGLDUSDT .618 Fibonacci| Price Action| Trend| Trade Evening Traders, Today’s analysis – EGLDUSDT – trading at a key technical location where a bounce is probable, Points to consider, - Price Action Impulsive - .618 Fibonacci Support - VWAP S/R Support - Low Volume EGLUSDT’s immediate price action is contracting on a key support level that has technical confluence with the .618 Fibonacci and the VWAP, allowing for a bullish bias. The current volume profile is below average, an influx is highly imminent on the expansion. The immediate is the Daily S/R, exceeding this level will lead to a trend continuation. 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, “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” – William O’Neil
Long
by The_Alchemist_Trader_
SHIB Long| Range Support| Bullish Continuation| .618 FibonaccEvening Traders, Today’s analysis – SHIBUSDT – reclaiming its range, a retest of support will allow for a long entry with defined risk. Points to consider, - Immediate trend bullish (consecutive higher lows) - Range support confluence (.618 Fibonacci) - Range resistance target - Oscillator neutral - Volume below average - Long retest (risk defined) SHIBUSDT’s immediate trend is bullish with consecutive higher highs and higher lows. This gives us a bias that any impulse sells and oversold conditions are for buying. The range support is a key level that has been reclaimed; price is likely to retest this level as it is in confluence with the .618 Fibonacci. Range resistance will be the immediate target, breaking this level will be very bullish, continuing the trend. Oscillators are both neutral, remaining above their respective 50 level; this indicates bullish momentum in the market. The immediate volume is below average, this must increase for continued follow through, price action needs to be back with conviction. Overall, in my opinion, SHIBUSDT is probable to retest local support which will allow for a long entry with defined risk. Price action breaking below range support will negate the trade. What are your thoughts? Thank you for following my work! And remember, “Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
GALBTC .618 Fibonacci| PA Range| Low Volume| Trend Evening Traders, Today’s analysis – GALABTC – trading at a technical location where as bouncer is probable, Points to consider, - Price Action Corrective - .618 Fibonacci Support - Range High Objective - Low Volume - POC Resistance GALABTC’s immediate price action is corrective and is trading in an equilibrium where a breakout is probable, allowing for a bullish bias. The current resistance is the POC, breaking this level is critical for a continuation to the range highs. The current volume profile is below average, an influx is needed for a trend continuation. Overall, in my opinion, GALABTC 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 have power over how you'll respond to uncertainty.” ― Yvan Byeajee,
Long
by The_Alchemist_Trader_
SOLBTC Rising Channel| PA Range| HTF Levels| Trend Evening Traders, Today’s analysis – SOLBTC – trading at a range high where a rotation towards the downside is probable for a long play, Points to consider, - Price Action Impulse - Weekly S/R Resistance - Daily S/R Support - Low Volume SOLDBTC’s immediate price action is impulse and is trading at a key weekly resistance, thus a rejection is probable to the lower daily support where there is technical confluence with the POC and the .618 Fiboancci, allowing for a long bias. The current volume profile is declining, thus an impulse in volume is likely on the next expansion. The RSI is trading at neutral, remaining in its bullish control zone is indicative of strength. Overall, in my opinion, SOLBTC 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
Long
by The_Alchemist_Trader_
TLMUSDT Local S/R| .618 Fibonacci| Price Action| Trend Evening traders, Today’s analysis – TLMUSDT – trading towards a key level of support where a bounce is probable, Points to consider, - Price Action Corrective - Local S/R Support (.618 Fibonacci Confluence ) - Swing High Objective - Low Volume TLMUSDT’s immediate price action is corrective and is trading towards a technical trade location that has confluence with the Local S/R and the .618 Fibonacci, allowing for a long bias. The swing high is the immediate objective, exceeding this level will lead to a trend continuation. The current volume profile is below average, an influx will be indicative of the next expansion. Overall, in my opinion, TLMUSDT 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
Long
by The_Alchemist_Trader_
SFPUSDT Local S/R| 200 MA| Price Action| Trend Evening Traders, Today’s Analysis – SFPUSDT – trading with a potential trend trade if current support holds. Points to consider, - Price Action Corrective - Local S/R Support - Swing High Objective - Low Volume SFPUSDT’s immediate price action is corrective and is trading at a trade location that has technical confluence with the current 200 MA, allowing for a bullish bias. The immediate objective is the swing high, exceeding this level will lead to a trend continuation. The current volume profile is below average, an influx is highly imminent when testing a trade location. Overall, in my opinion, SFPUSDT 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 big ones take the psychology out of the game. Have a game plan, and stick to it.” Tim Erber
Long
by The_Alchemist_Trader_
IOTAUSDT Daily S/R| Price Action| Trend| Support Evening Traders, Today’s analysis – IOTAIUSDT- trading at a local resistance where a pull back into support is probable, Points to consider, - Price Action Impulsive - Daily S/R Support - Low Volume - RSI Neutral IOTAUSDT’s immediate price action is impulsive, a corrective into the Daily Support allows for a bullish entry. The current volume profile is below average, an influx is needed for a strong trend continuation. The current RSI is netrual, remaining in its bullish control territory is indicative of strength. Overall, in my opinion, IOTAUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis help, Thank you for following my work And remember, “Never let a win go to your head, or a loss to your heart.” – Chuck D.
Long
by The_Alchemist_Trader_
1
LITUSD Falling Channel| Local Ob| Price Action| Trend Evening Traders, Today’s analysis – LITUSD – trading in a local down trend where follow through is probable, Points to consider, - Price Action corrective - Local OB S/R Resistance - Daily S/R Support - RSI Divergence LITUSD’s immediate price action is corrective and is trading under a Local OB allowing for a bearish bias. The Daily S/R is the immediate support, testing this level will allow for a potential bounce. The RSI has a bullish divergence forming, playing out will be indicative of strength in price action. Overall, in my opinion, LITUSD 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, “Genuine acceptance that there will be losses on your way to market success will greatly decrease the hurt when they eventually come.”
LShort
by The_Alchemist_Trader_
BTCUSD Price Action Channel| .618 Fibonacci| Volume| Trend Evening Traders, Today’s analysis – BTCUSD – trading in a local channel where a run of the lows is probable, Points to consider, - Price Action Corrective - .618 Fibonacci Support - Channel low Support - Low Volume BTCUSD’s immediate price action is corrective and is approaching an area that has technical confluence with the .618 Fibonacci and Channel Low support, allowing for a bullish bias. The current volume profile is below average, an influx is highly imminent when testing a key trade location. Breaking out of the channel will be indicative of strength, thus in search of liquidity. Overall, in my opinion, BTCUSD 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
BITSTAMP:BTCUSDLong
by The_Alchemist_Trader_
YGGUSDT Price Action Range| Range Low| Volume Influx| Trend Evening Traders, Today’s analysis – YGGUSDT – trading at its range low where a rotation to the highs is probable, Points to consider, - Price Action Corrective - Range Low Support - Range High Objective - Volume Influx node YGGUSDT’s immediate price action is corrective and is trading at range low, allowing for a bullish bias. The range high is the immediate objective, exceeding this level lead to a trend continuation. The current volume profile has a climatic node, follow through is necessary in volume to sustaion strength. Overall, in my opinion, YGGUSDT 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, “Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
1
CHZUSDT Price Action Range| Bullish Order Block| Trend| Volume Evening Traders, Today’s analysis – CHZUSDT – trading and a key trade location where a rotation back to the highs is probable, Points to consider, - Price action corrective - Bullish OB Support - RSI over-extended - Swing High Objective CHSUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with an order block, allowing for a bullish bias. The current RSI is overextended, a reversion to its mean is highly probable, this will hold current support. The current volume profile is below average, an influx is needed to avoid false expansion moves. Overall, in my opinion, CHZUSDT 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, “Don’t blindly follow someone, follow market and try to hear what it is telling you.” ― Jaymin Shah’
Long
by The_Alchemist_Trader_
2
SANDUSDT Daily S/R| Price Action| Trend| .618 Fibonacci Evening Traders, Today’s analysis – SANDUSDT – trading at a key trade location where technical confluence is present, Points to consider, - Price Action Corrective - Daily S/R Support - Weekly S/R Objective - Low Volume - Trend SANDUSDT’s immediate price action is trading at a key trade location that has technical confluence with the Daily S/R, and the .618 Fibonacci, allowing for a bullish bias. The immediate objective is the Weekly S/R, exceeding this level will lead to a trend continuation. The current volume profile is below average, an influx is highly imminent when an expansion occurs. Overall, in my opinion, SANDUSDT 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, “There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
IKVUSDT Price Action| Trend| Falling Wedge| Support Evening Traders, Today’s analysis – ILVUSDT- trading in a clear falling wedge pattern where a break bullish is probable, Points to consider, - Price Action Corrective - Local S/R Zone Support - Local S/R Resistance - Low Volume ILVUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the support zone, allowing for a bullish bias. The Local Resistance is the main objective, exceeding this level will lead to a trend continuation. The current volume profile is below average, an influx is highly imminent when testing a key trade location. Overall, in my opinion, IULVUSDT 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, “Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
Long
by The_Alchemist_Trader_
SOLUSDT Weekly S/R| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – SOLUSDT – trading at a technical trade location where a bounce is probable, Points to consider, - Price Action Corrective - .618 Fibonacci Support - VWAP S/R Support - Low Volume - Daily S/R objective SOLUSDT’s immediate price action is trading at a key trade location that is in technical confluence with the .618 Fibonacci and the VWAP S/R, allowing for a long bias. The current volume profile is below average, an influx is highly imminent on an expansion. The current objective is the Daily S/R, exceeding this level leads to a trend continuation. Overall, in my opinion, SOLUSDT 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, “Only The Game , Can Teach You The Game” – Jesse Livermore
Long
by The_Alchemist_Trader_