GRTUSDT Range Low| Equal Lows, Price Action| Trend Evening Traders,
Today’s analysis – GRTUSDT – trading below an important resistance, a rejection is likely at the current moment in time,
Points to consider,
- HTF Range Low Resistance
- Equal lows still present
- Lower Resting Liquidity
- Volume Influxes
GRTUSDT’s immediate price action is trading at a key resistance zone where a rejection will confirm a bearish retest.
The lower resting liquidity remains intact; this gives price action merit to trade lower.
Current volume influxes are present however not significant, hinting towards weakness.
Price action is likely to trade lower imo, invalidation is a close back into the range, this will be a clear bias switch.
Hope this analysis helps,
Thank you for following my work
And remember,
“Don't ever make the mistake of believing that market success has to come to you fast. Trade small, stay in the game, persist, and eventually, you'll reach a satisfying level of proficiency.”
― Yvan Byeajee
Suppor
ETH: DECISION TIME SOON!! BULLISH OR BEARISH??Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ETH update.
ETH is currently forming a symmetrical triangle in the 4hr time frame. This symmetrical triangle is getting squeezed and soon we will see a decisive move.
WHAT IS A SYMMETRICAL TRIANGLE?
A symmetrical triangle occurs when the price makes lower highs and higher lows. This usually means that neither the buyers nor the sellers are able to gain control, causing the price to range within a triangle.
The price usually trades between trend lines which act as support and resistance, preventing the price from breaking through to new highs or lows.
You can trade using a symmetrical triangle by placing a trade when the price breaks through the triangle and trading in the direction of the breakout. The stop loss would go on the opposite side of the triangle. The take profit is placed the same distance away from the entry as the height of the back of the triangle.
If ETH breaks down from the triangle then we will see a downside move and the price might come to around $1000 in case of a breakout we will see a bullish move. As of now waiting for a clear breakout or breakdown.
What do you think here?
Do you think we will see a breakdown and downward movement or we will see a bullish breakout? Share your views in the comment section.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Supply-Demond zone on live Bitcoin chartI mark supply and demand areas based on pivot points and the last candlestick before the main movements
Reason for marking supply and demand area:
1-There is Range inside these candles, after which the market has decided to move
2-And another reason to mark these candles is that banks and major market players in that area have orders.
Reason for marking liquidity line:
Steps below the swing
Market needs to change trends to liquidity
NZDJPY Local OB| Swing Low| Price Action| Trend Evening Traders,
Today’s analysis – NZDJPY- trading at a ley trade location where a bounce is probable,
Points to consider,
- Price Action Corrective
- Local OB Support
- Daily S/R Objective
- RSI Extended
- Declining Volume
NZDJPY’s immediate price action is trading at an area that is in confluence with an order block and a potential swing failure, allowing for a bullish bias.
The Daily S/R is the immediate objective, exceeding this level will lead to a trend continuation.
The current RSI is overextended, a reversion back to its mean will happen on the price action rise.
Overall, in my opinion, NZDJPY 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,
“Trading effectively is about assessing probabilities, not certainties.”
― Yvan Byeajee
ONEUSDT Daily S/R| Range High| Price Action| Trend Evening Traders,
Today’s analysis – ONEUSDT- trading at a key trade location where a reversal is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Resistance
- Single Print Fill
- Local OB
- .618 Fibonacci Support
ONEUSDT’s immediate price action is corrective and is trading at a key location that has technical confluence with the Daily S/R and Single Print, allowing for a bearish bias.
The immediate objective is the Local B, exceeding this level will lead to a bearish trend continuation.
Price action is currently range bunce, accumulation is imminent before the next expansion.
Overall, in my opinion, NEUSDT 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’re going to learn a million things, then you need to forget them all and focus on one.” - SunriseTrader
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
LUNE CANBREAK THE SUPPORTLUNA/USDT
position : short
entry price:36
stop loss: 40
take profit:31
luna in going down after a big peak, i think that if we break the bearish channel and the big support, we can return at the previous support. the trade is placed between 2 supports and not just a little below the closest because i'd like to avoid a situacion as the previous, where it broke the support but it was a fake out, in order to be sure about the break i 've put the entry there.
ETHUSDT Daily S/R| Price Action| Trend| Trade Evening Traders,
Today’s analysis – ETHUSDT – trading at a key support that has been respected on multiple attempts,
Points to consider,
- Price Actin Corrective
- Daily S/R Support
- Daily S/R Resistance
- Low Volume
- Rotation
ETHUSDT’s immediate price action is trading at a key support that allows for a bullish bias.
The current objective is the swing high, exceeding this level will increase the probability of a trend continuation.
The current volume is below average, an influx is highly imminent when an impulsive move comes – rotation to the highs.
Overall, in my opinion, ETHUSD 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,
“Trading mastery is a state of complete acceptance of probability, not a state of fight it.”
― Yvan Byeajee
VYNE - upTrend is underwayVYNE gapped strongly on 25th January, breaking out of a 10-month resistence @ 2.68 but alas failed to hold on to this level as it then gave up all the gains over the next 1 week to close the gap before attempting to reverse up again.
It finally broke and CLOSED above this 2.68 resistence (now turned support) on 3rd Feb, retesting this new support over the next few days before springboarding off decisively today with a huge green candle, signalling that it's uptrend is now underway! :D
Initial stop loss just below 2.68 (trail stops up with at least 12%-15% wiggle room on the way up). Expect to see some consolidation each time the stock hits into some old "resistences" on the way up.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to let me have your thoughts ! :)
EURJP Local S/R| Swing High| .50 Fibonacci| Price Action Evening Traders,
Today’s analysis – EURJPY- trading at a key trade location where a bearish retest is probable,
Points to consider,
- Price action impulsive
- Local S/R objective
- Local S/R Zone Resistance
(.50 Fibonacci Confluence)
- Oscillators neutral
EURJPY’s immediate price action is impulsive below Local S/R zone that has technical confluence with the e.50 Fibonacci, this allows for a bearish bias.
The Local S/R is objective, price action exceeding this level is likely to lead to further decline
The immediate oscillators are trading neutral, is reversion in price action will lead to acceleration.
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,
“The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” – Brett Steenbarger
BNBUSDT Range Low| 200 MA| Price Action Trend Evening Traders,
Today’s analysis – BNBUSDT – trading above its respected 200 MA with further upside potential,
Points to consider,
- Price Action impulsive
- Range Low Support
- Range High Resistance
- Oscillators bullish control zone
BNBUSDT’s immediate price action is trading at a ey trade location that has technical confluence with range low and 200 MA, this allows for a bullish bias.
The immediate objective is range high; exceeding this level will increase the probability of a trend continuation.
Both oscillators are trading in there bullish control zones, remaining in these regions is indicative os stored momentum.
Overall, in my opinion, BNBUSDT 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
EURUSD continue dans sa hausse. Le prix a atteint une résistance majeure. Je doute qu'il la brise sans avoir testé à nouveau le support. Il pourrait donc faire une petite correction et descendre tester le support avant de remonter briser la résistance. Soutenez cette idée avec des likes si vous aimez. Oloma Trade
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AUDNZD Price is getting close to our bearish Zone!This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
Cardano VS Bitcoin Between Support & ResistanceOn the 29th of June Cardano has tested the low at 1926 satoshis. At that time price rejected the 8/1 Gann Fan along with the 88.6% Fibonacci retracement level. Then ADA went up, broke above the 200 Moving Average, but rejected the 61.8% Fibonacci retracement level at 2600 satoshis.
ADA/BTC corrected down and yesterday has tested the 8/1 Gann Fan trendline for the third time, which seem to act as a strong support. Overall, Cardano found the range between 2600 resistance and 1920 satoshis support without clear trend.
At this stage the range trading is likely to continue and ADA might get back to 1920 satoshis level once again, but only break and close below could result in further decline, towards 1670 satoshis.
On the other hand if price will go up, and break above the 2600 satoshis resistance, this might be the confirmation of the trend reversal, resulting in a strong growth for the medium to long term.
EURAUD: Gartley - Long OpportunityOn FX:EURAUD , the market moves sideways on 1H bars. Sellers (bears) are in control of the price today, but there is no clear bearish trend. The price is getting close to structure low at 1.4958, which acts as resistance. It can be assumed that some sellers will lock their profits at those area and some buyers will step in to buy at structure low, which push the price up. Moreover, here is a valid gartley pattern, which increases the probability of this trade. It will finish its D leg soon and it can be a good opportunity to go long. Nice Risk Reward Ratio.