Get started

Supply and Demand

EUR/USD Shorts from 1.09200 back down This week’s analysis for EUR/USD is somewhat different from GBP/USD. I expect price to continue dropping from one of the two supply zones I’ve identified. I’ll be watching for a potential Wyckoff distribution pattern to form at these zones. Once I see signs of distribution, I’ll look to enter short positions, targeting the liquidity pool below. If, during the week’s election events, price drops to fill the gap left at Sunday’s open, I see potential for buys from the 1-hour demand zone. I’ll wait for signs of price slowing down and accumulating to identify good entry points for long trades. Confluences for EUR/USD Sells: - Price is approaching a premium supply area. - Significant liquidity lies below, including untouched Asian session lows. - The higher timeframe trend remains bearish. - The DXY still shows strong bullish pressure. P.S. Although there’s been a recent shift in character to the upside, I still view EUR/USD as bearish on the higher timeframe, especially with the dollar’s ongoing bullish momentum. I’ll observe price behavior within my points of interest to determine the best entries.
Short
by Hassan_fx
Technical Analysis of Vanry Based on Historical Support LevelsIn the 2-day (2D) time frame, BINANCE:VANRYUSDT Vanry ( BINANCE:VANRYUSDT VANRY/USDT) has been displaying a clear support level around the $0.0522–$0.0659 zone, marked by the blue line and highlighted as a key historical support area. This region has been tested multiple times in recent months, suggesting that buyers are stepping in to defend this level whenever the price dips near it. Here’s a breakdown of key insights from this chart: Historical Support Area: The price has approached the historical support range of $0.0522–$0.0659 several times. This area has acted as a solid foundation, preventing further decline on multiple occasions. The continued testing of this support suggests its significance, as failure to break below may initiate a reversal. Potential Rebound Opportunity: Given the significant volume accumulation near this support, it may serve as a strong base for a potential price rebound. Traders often look for such areas as entry points, anticipating a bounce if the level holds. Upside Resistance Levels: If the price starts to rally from the support zone, the following resistance levels can act as short-term targets: First Resistance at $0.1350 Second Resistance at $0.2390 Third Resistance at $0.3155 These red lines represent possible hurdles where selling pressure might emerge, given their role as previous high points. Volume Confirmation: The chart shows moderate volume around the support area, indicating that market participants are paying attention to this level. A spike in volume during a breakout above the current level would add strength to a bullish scenario. Downside Risk: A sustained break below the historical support area would indicate a bearish shift, with the potential for further declines. In this case, traders should monitor volume closely and consider stop-loss levels to manage risk effectively. Conclusion: BINANCE:VANRYUSDT Vanry is currently trading near a significant historical support zone, which could provide a potential entry for bullish traders. However, the price needs to stay above this area to maintain positive momentum. A breakout above this support zone could push the price towards the outlined resistance levels, while a breakdown may signal a bearish continuation.
Long
by tsavvyegy
1
USDJPY Possible ScenariosWe can expect a correction in USDJPY down to the demand zone shown on the chart, which should prepare it for the main movement. However, this main bullish movement is actually a retracement in the bigger picture, so we should be ready to monitor closely when it reaches the supply zone. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
by Biaxar
USOIL - Key Levels for Bullish Stabilization or Bearish ReversalTechnical Outlook The price may stabilize within the bullish zone upon a 4-hour candle close above the pivot line at 68.53, targeting 70.49 initially, followed by 71.78. Bullish Scenario: While trading above 68.53, the price is likely to move toward 70.49 as the first bullish target, with 71.78 as the next level. Bearish Scenario: A reversal and stabilization below 68.53 would open a move toward 67.03, with further downside potential to 65.85. Key Levels: Pivot Point: 68.53 Support Levels: 70.50, 71.78, 72.75 Resistance Levels: 67.03, 68.85, 63.51 Trend Outlook: Bullish while the price remains above 68.53 PREVIOUS IDEA:
TVC:USOILLong
by SroshMayi
S&P500 / Bearish Pressure Builds: Key Support Levels in FocusTechnical Analysis The price will likely attempt a retest around 5,761 or 5,781, after which a renewed bearish trend could push it toward 5,675 and 5,643. Bearish Scenario: Consistent stability below 5,781 may lead to a downward move targeting 5,732. A 1-hour or 4-hour candle close below 5,732 could activate the next bearish zone. Bullish Scenario: Should the price stabilize above 5,746, some bullish momentum may emerge toward 5,781. However, a reversal with stability above 5,803 would signal potential movement upwards, with targets at 5,824 and 5,850. Further Bearish Continuation: For a deeper decline, the price should establish stability below 5,715, paving the way for a drop toward 5,675. Key Levels: Pivot Point: 5748 Resistance Levels: 5781, 5803, 5824 Support Levels: 5709, 5675, 5643
OANDA:SPX500USDShort
by SroshMayi
Bitcoin - How will Bitcoin react to the results of the election?Bitcoin is located between the EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel. Risk on sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. We will look for Bitcoin resale positions within the specified supply zone. Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. Bitcoin buying positions can be looked for in the two specified demand zones. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important New surveys by “ABC News/Ipsos” indicate a close race between Kamala Harris and Donald Trump as the 2024 U.S. election approaches. These surveys reveal that 74% of voters are dissatisfied with the state of the country and also discontent with the current presidential candidates. Harris is slightly ahead with 49% support compared to Trump’s 46%. In the final days, Harris’s campaign has been more active in connecting with voters, gaining more support among Latinos, African Americans, and young women, whereas Trump holds greater support among white men and those without a college degree. Donald Trump, the Republican candidate, has not only positioned himself as a pro-crypto figure but his tariff-raising policies could lead to inflation and increased geopolitical tensions. Trump, who previously opposed cryptocurrencies, has shifted to strong support for the industry this year. Decrypt previously reported that Trump aims to have all Bitcoin mining conducted in the U.S. and has launched a decentralized finance (DeFi) project running on Ethereum, with plans to issue his own stablecoin. On the other hand, MicroStrategy, led by Michael Saylor, announced plans to raise $42 billion over the next three years to buy more Bitcoin. The company’s “21/21 Plan” aims to gather $21 billion through equity and $21 billion through debt. The company has stated that this additional capital will be used to acquire more Bitcoin as a treasury asset. Their latest purchase in mid-September added 7,420 Bitcoin valued at $458.2 million, bringing their total holdings to 252,220 Bitcoin. Performance of ETFs with the highest trading volume on Friday: Total: - GETTEX:55M BlackRock: $0M Fidelity: - GETTEX:26M Grayscale: -$5M Bitcoin mining revenue and profit fell for the fourth consecutive month in October. JPMorgan reported that the average weekly hashrate of the Bitcoin network reached a record high. The bank estimated that Bitcoin miners earned an average of $41,800 per exahash per second, a 1% decrease from September. Additionally, daily gross profit reached a new low. Bitcoin mining difficulty hit an all-time high in October; however, transaction fees significantly increased, reaching 60% of the block reward by the end of the month. The monthly hashrate for the Bitcoin network increased to 702 EH/s in October, 9% higher than the previous month. The latest update of the crypto market’s Fear and Greed Index shows that it remains in the greed zone, although it dropped by 4 points compared to the previous day.
COINBASE:BTCUSDShort
by Ali_PSND
ONE ONE ONE I'm oneching you!Just like AXS, An accumulation schematic is present in this asset! And the idea is technically the same as AXS where we take advantage of the accumulation schematic. This asset is stronger as as I am writing this idea, we are approaching a level of interest on ONEBTC. What's the idea? We have made a suspected spring and we have went back into the range, locally we also are inside value range so why am I targetting an entry of 0.0105? This setup aims to snipe the snipest of the low. On my last RUNE setup which catched the low before pumping 28% right up, it was just a weekly open/close along with a local VAL The same idea is to be applied here. WE have a retest of acceptance into the the whole accumulation range's value and LOCALLY, we are in the midst of the value range but momentum is to the downside. Logically, the highest probability of the pivot is the price of 0.01191. It is a monthly open/close. local POC. But hey, if a wick goes to the downside 4% is an easy feat on the crypto (0.01191 to 0.0105 is about 4%) This idea aims to catch that falling knife. so if I go quiet for a few months, know that my hands are still recovering from the wound.
Long
by christoferjuliussayco
2
SasanSeifi| Where is the Next Support?Hey there, ✌ In the 10-hour timeframe, the Dow Jones Index has been correcting from the 43,300 price range. With a structural break around the 42,700 to 42,500 zone, the price entered a corrective phase, reaching down to 41,700. Currently, it is trading around 42,000. The general outlook leans more towards a bearish scenario. One potential scenario is that after some slight upward fluctuations or sideways movement, if the 42,500 supply zone doesn’t break, we may see further correction to lower levels around 41,400 and 41,300. Following this, a range-bound movement is possible upon reaching these levels. Should there be a correction in the price trend, it’s important to watch the price reactions in these zones to better understand the continuation of the movement. Additionally, if demand picks up and the critical 42,500 level breaks and holds, we could see a further price rise toward the 42,700 and 43,000 levels. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
UShort
by SasanSeifi