NQ Power Range Report with FIB Ext - 1/21/2025 SessionCME_MINI:NQH2025
- PR High: 21739.75
- PR Low: 21672.75
- NZ Spread: 149.75
No key scheduled economic events
Major vol session open volatility returning value back to Friday's close
- Abnormal high volume start following holiday
- QQQ gap below 512
- Daily print advertising potential reversal below 21400
- Heightened awareness to instability following Trump inauguration
Session Open Stats (As of 1:25 AM 1/21)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47%
- Session Open ATR: 410.52
- Volume: 204K
- Open Int: 257K
- Trend Grade: Bull
- From BA ATH: -3.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Supply Zone
NQ Power Range Report with FIB Ext - 1/17/2025 SessionCME_MINI:NQH2025
- PR High: 21239.50
- PR Low: 21209.25
- NZ Spread: 67.75
No key scheduled economic events
Inside print rotation back to 21000
- Retraced nearly 50% of Wednesday momentum breakout range
- Advertising daily pivot high off 216000 zone
Session Open Stats (As of 1:25 AM 1/17)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47%
- Session Open ATR: 384.63
- Volume: 24K
- Open Int: 252K
- Trend Grade: Bull
- From BA ATH: -5.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
POSSIBLE BEARISH MOVEIn this analysis we are analyzing 2H time frame for gold. Today I'm looking and expecting downside move from the key level (2680 = 2690). Because as we know that market external trend was bearish and also price rejected 2700 area which is act like a resistance. Let's see what happen. Just wait for price when it comes into our zone take confirmation and trigger your trade.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
#GOLD 2H Technical Analyze Expected Move.
1inch Network (1INCH)Comprehensive Analysis of 1INCH/USDT 🪙
Introduction
1INCH is the native token of the 1inch Network, a DEX aggregator designed to optimize trades in the DeFi space. This platform enables users to access the best rates across various decentralized exchanges. The 1INCH token serves multiple purposes, such as reducing transaction fees, offering discounts, and acting as a governance token.
🔍 Technical Analysis Breakdown
1. Long-Term Descending Channel
1INCH has broken out of its long-term descending channel and is currently retesting the channel boundary. This pullback is a positive sign for a potential bullish continuation, but further confirmation is needed.
2. Daily Support Zone (Red)
The $0.3377 - $0.3757 range is identified as a key daily support level.
If the price stabilizes within this zone and starts to rise, it could confirm the pullback and signal the beginning of an upward move toward higher resistance levels.
3. Weekly Resistance Zone (Green)
The $0.6276 - $0.7049 range represents a significant resistance in the weekly timeframe.
A breakout above this zone, accompanied by increased trading volume, could lead to a rally toward the blue target zone ($1.1819 - $1.450).
4. Support in Case of a Drop
If the red support zone fails to hold:
The price might re-enter the descending channel and move toward the weekly support zone ($0.2101 - $0.2338), marked in gray.
📌 Suggested Entry Points
1. Breakout-Based Entry:
Condition: Price breaks above the green resistance zone with increased trading volume and stabilizes above this range.
2. Pullback-Based Entry:
Red Zone ($0.3377 - $0.3757): Enter with a stop-loss below the red support zone.
Gray Zone ($0.2101 - $0.2338): Enter with a stop-loss below the gray support zone.
Note: The gray zone offers a higher risk-to-reward ratio but comes with greater risk.
📈 Entry Triggers and Confirmation Signals
RSI Support:
Price holding above the midline on higher timeframe RSI charts can confirm the start of an uptrend.
Increased Trading Volume:
Breakouts of key zones must be validated by significant volume increases.
Low-volume breakouts could indicate false signals (fakeouts).
⚠️ Key Risk Management Tips
Volume Monitoring:
Ensure volume spikes during breakouts to avoid falling for fakeouts.
Capital Management:
Given the sensitivity of this analysis, strictly adhere to proper capital management strategies and set stop-loss orders at the identified levels.
Patience and Confirmation:
Avoid impulsive entries. Wait for clear confirmation signals before committing to a trade.
✨ Final Conclusion
1INCH is at a critical juncture from a technical perspective:
The breakout from the descending channel and the pullback to the support zone indicate a positive setup for a bullish continuation.
Close monitoring of price behavior in the key zones (red and green) is essential, with confirmations such as rising trading volume and RSI support being mandatory for entry.
A successful breakout of the weekly resistance (green) could lead to targets in the blue zone ($1.1819 - $1.450).
However, if the red support zone fails to hold, a decline toward the gray support zone becomes a strong possibility.
NQ Power Range Report with FIB Ext - 1/16/2025 SessionCME_MINI:NQH2025
- PR High: 21421.00
- PR Low: 21378.25
- NZ Spread: 95.75
Key scheduled economic events:
08:30 | Initial Jobless Claims
- Retail Sales (Core|MoM)
- Philadelphia Fed Manufacturing Index
Full rotation back to 21400 range supply
- Pressure applied to long-term shorts below 21200
- Auction halted at edge of daily Keltner average cloud
- Holding below previous session close
Session Open Stats (As of 12:35 AM 1/16)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47%
- Session Open ATR: 383.66
- Volume: 23K
- Open Int: 253K
- Trend Grade: Bull
- From BA ATH: -4.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 1/15/2025 SessionCME_MINI:NQH2025
- PR High: 20977.00
- PR Low: 20938.50
- NZ Spread: 86.0
Key scheduled economic events:
08:30 | CPI (Core|YoY|MoM)
10:30 | Crude Oil Inventories
Previous session printed volatile swings raising emotional value of participants
- Holding auction inside 21000 range
- Daily print advertising to indecision narrative
- Another AMP temp margin increase for expected economic news event vol spike
Session Open Stats (As of 12:35 AM 1/15)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47%
- Session Open ATR: 372.13
- Volume: 17K
- Open Int: 252K
- Trend Grade: Bull
- From BA ATH: -6.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 1/14/2025 SessionCME_MINI:NQH2025
- PR High: 21088.50
- PR Low: 21011.00
- NZ Spread: 173.5
Key scheduled economic events:
08:30 | PPI
Advertising daily rotation long back above 21000
- Holding auction near Friday's close and previous session high following slight session gap
- AMP margin increase for expected economic news release vol spike
Session Open Stats (As of 12:25 AM 1/14)
- Weekend Gap: N/A
- Session Gap +0.13% (filled)
- Gap 10/30/23 +0.47%
- Session Open ATR: 377.30
- Volume: 27K
- Open Int: 251K
- Trend Grade: Bull
- From BA ATH: -6.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 1/13/2025 SessionCME_MINI:NQH2025
- PR High: 21027.75
- PR Low: 20942.50
- NZ Spread: 191.0
No key scheduled economic events
Breaking below 21000 inventory pivots from Nov 27, Dec 20 and Jan 2
- Should peak the interest of both buyers and sellers (liquidity boost)
- Buyers expecting repeat rotation
- Sellers expecting bullish breakdown
- First full trading week since the week before Christmas
Session Open Stats (As of 12:25 AM 1/13)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47%
- Session Open ATR: 387.17
- Volume: 39K
- Open Int: 242K
- Trend Grade: Bull
- From BA ATH: -7.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Gold View for Jan 2nd week (CW2)Gold is consolidating for some days.
Here is the view for educational purposes
Buy zone is marked between 2605 - 2618. It will be low probability area. So wait for the confirmation before entry.
Two Sell zones are marked. 1st zone is marked between 2677.98 - 2692.68
Second one is marked between 2699.79- 2720.31
Trade after the confirmation.
GBP JPY Trade Idea Jan second weekGBP/JPY is currently in an uptrend on the weekly timeframe and is moving towards the liquidity zones around 197.5 and 198.9.
A buy entry has already been triggered, and there is a plan to scale in with another buy entry between the levels of 194.623 and 194.197.
For precise entry, use lower timeframes such as 15 minutes and 5 minutes to identify buy-side opportunities.
This idea is shared purely for educational purposes.
AMD Daily and Weekly Supply and Demand Zones! Some people are thinking there is a bottom for AMD but I still don't see enough for me to think it's at the bottom. I would love for price to break back to $119.21 and retest it for support to go towards $129.07 and fill those gaps on the Daily. If price breaks that $114.16 zone, seems like price would want to go back to $106.09.
NQ Power Range Report with FIB Ext - 1/10/2025 SessionCME_MINI:NQH2025
- PR High: 21309.00
- PR Low: 21211.25
- NZ Spread: 218.75
Key scheduled economic events:
08:30 | Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Rate
AMP raised margin requirements for pre-RTH jobs news
- Additional expectation of high volatility due to Friday following a closed market holiday
- Abnormally wide first hour range for session open
- Daily print advertising potential rotation above 21400
- Holding auction below Wednesday's close, above the low
Session Open Stats (As of 12:45 AM 1/10)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47%
- Session Open ATR: 378.31
- Volume: 33K
- Open Int: 239K
- Trend Grade: Bull
- From BA ATH: -5.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
BTC/USDT Breakout Strategy & Long SetupThe chart presents a clear structure for BTC/USDT on the 4-hour timeframe. After a significant retracement from the recent highs, BTC has formed a descending channel, which it has now broken out of, signaling potential bullish momentum.
Chart Observations
Descending Channel Breakout
BTC was trading in a well-defined descending channel, consolidating near a critical demand zone. The breakout above this channel suggests a potential reversal in trend.
Key Support Zone
The price has respected the support range between $94,800 and $95,400, which aligns with a high-volume area and serves as a strong buy zone. Buyers have consistently stepped in here to defend this level.
Demand Zone Test
A retest of this support zone has provided a new opportunity to accumulate long positions. The candlestick wicks and volume activity indicate significant buying pressure in this area.
Ascending Channel Formation
Post-breakout, BTC is trading within an ascending channel, which offers potential upside targets as the price moves towards the upper resistance trendline.
Short-Term Pullback Completed
The previous bearish movement was capped at the support zone, with the "short position" trade closed as the price reversed into bullish territory. This reversal strengthens the case for a long position targeting higher levels.
Volume and Momentum
Increasing volume near the breakout and demand zone suggests that buyers are regaining control. Momentum indicators (not shown here) likely confirm this bullish bias.
Key Insights for the Trade Idea
Buy Zone The optimal entry for this trade is between $94,800 and $95,400, coinciding with the retest of the support zone and the lower trendline of the ascending channel.
Stop Loss: A tight stop loss at $92,574 protects against downside risk while allowing room for natural price fluctuation.
Targets: Gradual profit-taking is recommended at the following resistance levels, derived from Fibonacci extensions and key price levels.
Targets 🎯:
$96,333 – Immediate resistance and the first key level of profit-taking.
$97,285 – Mid-range resistance within the ascending channel.
$98,230 – Upper mid-point of the bullish channel.
$99,212 – Close to psychological resistance and ascending channel boundary.
$100,211 – Psychological round number and major resistance zone.
Stop Loss
$92,574: Positioned below the critical support zone to avoid invalidating the bullish setup.
This setup presents a high-risk-to-reward opportunity with clear entry, exit, and risk management strategies. Adjust position size according to your trading plan and always adhere to risk management principles.
NQ Power Range Report with FIB Ext - 1/8/2025 SessionCME_MINI:NQH2025
- PR High: 21395.75
- PR Low: 21344.50
- NZ Spread: 114.5
Key scheduled economic events:
08:15 | ADP Nonfarm Employment Change
10:30 | Crude Oil Inventories
13:00 | 10-Year Note Auction
14:00 | FOMC Meeting Minutes
Rotation short off 21900 inventory
- Holding auction at previous session close
- Back below daily Keltner average cloud
Session Open Stats (As of 12:25 AM 1/8)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47%
- Session Open ATR: 382.42
- Volume: 26K
- Open Int: 240K
- Trend Grade: Bull
- From BA ATH: -4.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
EURUSD POTENTIAL BUYING OPPERTUNITY Currently approaching a nice area of interest. Although I am overall short EURUSD doesn't mean I can't look for intraday trades to capitalise on the moves in between.
2H internal is bullish so I am waiting for the 15 min to align with the higher time frame a take a long trade targeting the 2H high.
If price breaks below this area I will have to re-evaluate and possibly short along with the 15 min time frame until I am wrong.
dogwifhat (WIF)Technical Analysis of WIF Coin 🟢
Key Zones and Market Structure:
Main Support (Green Zone):
The long-term market floor lies within the range of 1.393 – 1.482, a zone where buyers have previously entered with strong momentum.
Main Resistance (Red Zone):
The range of 4.015 – 4.346 serves as a significant ceiling, acting as a major barrier to new highs.
Current Price Analysis: The price is currently trading at 2.061 and is attempting to break through the intermediate resistance at 2.178 – 2.268 with sufficient buying volume. The price's reaction to this level will determine its short-term direction.
Bullish Scenario:
✅ First Target (TP1):
If the current resistance is broken and the price moves past the 2.178 – 2.268 range, the next likely move will be toward the 2.821 – 2.989 area.
✅ Second Target (TP2):
Should the price continue with high volume and break through TP1, the final target will be in the range of 4.015 – 4.346, which represents the ideal exit point.
Key Point: Trading volume must increase during key level breaks; otherwise, the risk of a false breakout (fakeout) rises.
Bearish Scenario:
❌ Stage 1:
If the current resistance holds, the price may decline to the support range of 1.741 – 1.828.
❌ Stage 2:
If the gray support level is breached, the next support target will be at 1.393 – 1.482.
Key Point: A decrease in trading volume near key support levels could signal a deeper price drop.
Volume Analysis:
Volume increase near key zones (resistances and supports) is essential.
A decrease in volume when attempting to break resistance increases the likelihood of a fakeout.
RSI and Momentum Analysis:
📉 RSI Trendline:
Breaking the descending RSI trendline, along with crossing the 50 level, could confirm the beginning of a bullish wave.
📈 Overbought Zone:
If RSI enters the 76.86 – 80.48 range, the price may face corrective pressure in the upper resistance zones.
Suggested Strategy for Professional Traders:
Enter the market only after a confirmed breakout of resistance with high volume.
Use a scaling-in strategy to minimize risk.
Set stop-loss orders below key support zones to protect capital.
Final Summary:
This analysis identifies the key levels and possible scenarios for WIF Coin. Price action around critical support and resistance zones, combined with trading volume, will determine the future trend. For market entry, wait for confirmation of breaks or reactions at the specified levels.
NQ Power Range Report with FIB Ext - 1/7/2025 SessionCME_MINI:NQH2025
- PR High: 21796.25
- PR Low: 21768.75
- NZ Spread: 61.5
Key scheduled economic events:
10:00 | ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
- JOLTs Job Openings
Previous session run to 21900 inventory
- Rotating inside daily Keltner average cloud below previous session close
Session Open Stats (As of 12:45 AM 1/7)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47%
- Session Open ATR: 376.77
- Volume: 27K
- Open Int: 243K
- Trend Grade: Bull
- From BA ATH: -4.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Choppy Market: Patience and Key Levels to WatchThis chart highlights a low-probability trading environment with corrective structures and low volatility. Key focus areas:
Upside Breakout: Watch for impulsive moves above the 30M trendline and 4H LQZ for short-term bullish setups.
Downside Correction: A steeper drop into the 15M or 1H LQZ may provide higher-probability long opportunities.
Stay Patient: Avoid trading inside the choppy range; wait for clear reactions at liquidity zones or strong breakouts with momentum.
Bitcoin - A quarter of a million dollars - is it possible?Good Morning, Good Evening!
A new year brings new candles, new opportunities and new challenges. I decided to write down my new thoughts and, where appropriate, reflect on my previous analyses.
Naturally, my primary focus is on the asset that leads the cryptocurrency market – Bitcoin.
I must mention that I am not someone with formal education in this field. I am self-taught, placing a strong emphasis on using Technical Analysis as the main component of my decision-making process. This stems from my belief that although the chart is difficult to read, it largely allows for the interpretation of the hidden intentions of "smart money." I want to stress that the following words reflect only my personal point of view, which may not be correct, and that this publication is by no means investment or educational advice as understood by any law regulating such matters. I simply intend to ramble about topics I don’t fully understand.
Background
Since its inception, Bitcoin has been in a continuous long-term upward trend. Throughout this time, there have been four minor reaccumulation structures and four major ones, occurring chronologically. Each structure has taken progressively longer to form, and the upward trend has been gradually flattening over time.
Technical Analysis and Thoughts
In this analysis, I will apply tools from volume analysis, Wyckoff methodology, Volume Spread Analysis (VSA), and Elliott Wave Theory.
At the beginning, I will refer to an analysis I published about a year and a half ago on this platform: "Comparative Analysis of BTC," 24.09.2023 (links attached).
Looking back at my previous analysis, I see that my reasoning and chosen tools were correct. As is often the case in attempts to master the market using Technical Analysis, the price action deviated from the expected scenario. However, the primary trend remained intact.
I missed certain key structures, such as the Spring, which I would interpret differently today. But I will get to that later.
The key resistance levels, derived from price structure and Fibonacci extensions, appear to have been recognized by the market. The price stalled just below the resistance level at 2.618, an extension based on the Spring-Buying Exhaustion range from 2015 and 2017/2018 reaccumulation phases.
Similarly, the external measurement of 1.618, calculated from the 2017/2018 Spring to the 2021 Upthrust, was respected by market participants. Both levels align perfectly with significant price points.
I mentioned that today I would approach the topic differently. This is due to the revealed market structure (it's always easier to analyze when you can see everything, right? 😉) as well as the experience I've gained by continuously expanding my analytical horizon.
Looking at the latest high-order reaccumulation structure (December 2021 – March 2024), I realize I made an error in my interpretation. The overall price action indicates a lack of supply around the $16K level.
Interestingly, BTC/USDT on Binance shows significant accumulation, which I deduce from Bag Holding candles.
The core point of my argument is that I have witnessed the formation of a large accumulation structure, whose elements align with the Wyckoff methodology. The market behaved as expected based on this interpretation.
One particularly important element is the Last Point of Supply (LPS), represented by the March 2024 – November 2024 reaccumulation phase. I discussed this process in detail in my September 6, 2024 publication titled "Bitcoin – Technical Analysis."
The ~250-day trading range, during which the price was stuck, allowed Smart Money to accumulate assets from those willing to sell. Despite the temporary stagnation, which I currently observe, the upward trend will likely continue.
The strength of this trend is confirmed by the use of volume-weighted average price (VWAP) anchored to the Test of Phase C, according to Wyckoff's methodology.
When analyzing the three most recent tests in the three highest-order reaccumulation structures, I observe that the price moves within a channel defined by the second and third standard deviations.
I think that the current sideways structure is a Back Up to the Creek from the latest high-order reaccumulation phase. Its characteristics resemble a reaccumulation phase.
At this stage, I am unsure whether this structure will directly lead to a breakout to significantly higher price levels, or whether it will result in an Upthrust of a higher-order structure, followed by another Spring.
The structure shows declining volume and several Bag Holding candles, marked with green arrows on my chart.
The Upthrust does not exhibit distribution characteristics but instead suggests a lack of demand.
The candle marked with a question mark is interesting due to its dual nature. However, upon closer examination of the 4-hour interval, it appears to be an Upthrust of a lower-tier structure, aimed at absorbing supply.
I want to highlight the relationship between the Test of Phase C and the structure forming along previous peaks.
Considering the two most recent reaccumulation phases, the situation is as follows:
I do not take into account overly optimistic price movements that exceed the 8.0 external retracement level, due to the flattening of the global trend over time.
Instead, I consider more realistic targets based on Fibonacci levels, such as 3.618 and 2.618 extensions, indicating a price range between $170K and $230K.
In my September 24, 2023 analysis, I mentioned $240K as a 3.618 external retracement level measured from March 2020 to October 2021.
Using 1:1 geometry, I estimate that the price could reach around $250K, which aligns with my other methods.
Conclusion of the Analysis
I have presented various methods to identify the direction and potential range of Bitcoin's price movement.
Although it is difficult to pinpoint the exact peak of the trend, the analysis provides sufficient signals to expect supply levels within the indicated price ranges.
Confirmation of a trend reversal would require a high-order distribution structure visible on higher time frames.
Final Thoughts
I have intentionally referred to my previous analyses to maintain continuity and to highlight both successes and mistakes.
The purpose of this reflection is to improve my analytical process by identifying what I did well and where I need to focus more in future analyses.
I believe that Technical Analysis, practiced for over a century, holds a certain beauty and logic. The process of applying it, and reaping its rewards, is an intellectual delight.
Ultimately, the weakest link is not the tool, but the person using it. Therefore, continuous improvement and patience are essential. The chart is the only reliable source that reveals the intentions of Smart Money or Composite Man, depending on the interpretation of market personality.
Thank you to everyone who has taken the time to read my thoughts. I hope you found them insightful, and that your time was well spent.
Wishing you health, perseverance, and successful trades.
May you master the art of recognizing well-formed market structures.
CatTheTrader
The reaction to the Supply Zone is the keyOn this chart, you can see that the topping signal and the formation of a fresh Supply Zone (highlighted in red) initially resulted in only a temporary shallow pullback. However, this pullback did not indicate a reversal of the uptrend. Instead, the market quickly resumed its upward momentum, as evidenced by the appearance of another "Buy re-test" signal shortly after.
This is a great example of how a topping signal—which might typically indicate potential exhaustion—can sometimes act as merely a pause in a strong uptrending market, rather than leading to a significant reversal. The trend continued higher as buyers re-established control, with subsequent key supports holding firmly to reinforce bullish strength.
Key takeaway: Topping signals and Supply Zones should be evaluated within the broader context of the market's trend. In this case, the bulls demonstrated sustained dominance despite the brief pause, confirming the uptrend's resilience.
VeChain (VET)🔍 Technical Analysis of VET/USDT
📌 Introduction to the VeChain Project:
VeChain is an advanced blockchain platform designed to enhance supply chain management and business processes. By leveraging blockchain technology 🌐 and IoT 📡, VeChain enables companies to boost transparency and efficiency in their supply chains. Its primary goals include reducing costs, improving product quality, and increasing trust in business operations.
📌 General Overview:
The VET coin, a leading project in the blockchain space, is currently trading within an ascending channel on the weekly timeframe. This movement suggests a potential continuation of the bullish trend; however, key levels require close attention.
📊 Recent Price Movements:
The price recently hit the top of the ascending channel and underwent a short correction.
It is now approaching the red support zone (0.03238 - 0.03948) and the midline of the channel.
✅ Potential Scenarios:
Bullish Scenario 📈:
If the price rebounds from the red support zone, it could rally toward the channel's upper boundary.
A breakout above the ascending channel's resistance may pave the way for Fibonacci targets.
Bearish Scenario 📉:
If the red support zone breaks, the price could drop toward the channel's bottom or the gray support zone (0.01638 - 0.01966).
📍 Key Zones:
Daily Resistance (Yellow):
Range: 0.05038 - 0.05504
A breakout above this resistance on the daily timeframe opens the path toward the channel's top and higher targets.
Fibonacci Targets After Breaking the Channel's Top:
1.618 Fibonacci Level: 0.08251 - 0.09507
2 Fibonacci Level: 0.11594 - 0.13874
2.618 Fibonacci Level: 0.19679 - 0.23327
Critical Supports:
Channel's Bottom: The first significant support level.
Gray Support Zone (0.01638 - 0.01966): Acts as the final line of defense.
🛠️ Entry Strategy & Risk Management ⚠️:
Safe Entry:
Enter after the price breaks above the ascending channel and consolidates above the yellow zone.
Stop Loss:
Initially, place below the red support zone.
After breaking the channel’s top, adjust below the yellow zone.
Risk Management:
Adjust trade size based on confirmations.
Risk only 1-2% of your total capital on this trade.
📈 Confirmation Factors for the Move:
Trading Volume:
A noticeable increase in volume during the breakout of resistance or support signals a strong move.
RSI Indicator:
RSI above 60 indicates a bullish continuation.
Entry into the Overbought zone could lead to a sharp rally toward higher targets.
🚀 Conclusion 🏆:
This analysis highlights that VET is at a critical and sensitive juncture. With proper risk management and confirmation of technical signals, this coin could present exciting investment opportunities.
NQ Power Range Report with FIB Ext - 1/6/2025 SessionCME_MINI:NQH2025
- PR High: 21544.75
- PR Low: 21501.75
- NZ Spread: 96.0
Key scheduled economic events:
09:45 | S&P Global Services PMI
Holding value at Friday's close
- Sellers at 21000 zone feeling pressure if stops have not already been hit
- Buy excitement over 21600 making higher highs with aforementioned failed break short
- Daily print advertising rotation back inside Keltner average cloud
Session Open Stats (As of 12:45 AM 1/6)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 370.71
- Volume: 24K
- Open Int: 251K
- Trend Grade: Bull
- From BA ATH: -4.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone