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Volume Indicator

JSE:DRD DRD Gold Large Concerns Taking the OppertunityWith the increase in the gold price and especially the Rand price of gold there is interest in the sector. DRD Gold was not one of the favourite gold stocks for investors but there is a shortage on the market so investors are turning to what's left. With the markup starting, most of the gold stocks are showing ease of movement on low volumes but we are still seeing volume spikes on buying in DRD Gold. As investors see the value in Gold they are buying what they can. As a result, DRD Gold is showing a lot of strength. The latest attempt to pullback was shallow and the stride that has been formed in the markup is steep. With a good volume spike yesterday we can expect the price to markup the next step. See how this interest in DRD Gold has unfolded in the posts below.
JSE:DRDLong
by SteynTrade
JSE:ANG Anglogold Next Step UpGold stocks are looking to have a good markup and Anglogold seems to be one of the best in a strong sector. After a spring, last point of support (LPS) and backup to the trading range (BU) which all gave opportunities to enter (see posts below) we are now ready for the markup. The volume is low with ease of movement in the price. This indicates that the stock has been scooped up by the large players and they are holding on to it so there is little stock available so there is little supply.
JSE:ANGLong
by SteynTrade
6
"Price Action with Volume" theory on, Bitcoin!I am not going to write here in Pages. Let's move the strength topic. This is " Price Action with Volume theory ". Relation of Congestion vs. Volume examination: Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs. All the Congestion has low volume and after the breakout , we are seeing a single directional move. If we are at CONGESTION phase, we will see a surge in price after the breakout . In the current case, we have more volume compared to all other Congestion phases. If you LIKE this idea, You will get Real-Time with lower timeframe NOTIFICATION trable update.
GEMINI:BTCUSD
by Trade-Technique
245
USDCHF Symmetrical Triangle|Low Volume|Apex|Breakout Imminent Evening Traders, Today’s Technical Analysis – USDCHF- a clear symmetrical triangle at pay, price is approaching its apex before an imminent break. Points to consider, - Trend Bullish (Consecutive higher lows) - Support and Resistances converging - RSI neutral (Above 50) - Stochastics in upper regions - Volume declining The immediate trend is bullish with consecutive lower highs from local bottom. Price is finding its equilibrium in this larger symmetrical triangle as support and resistance converge. The RSI is neutral above 50 whilst the stochastics is in the upper regions, an indication of buy momentum still being present. Volume is clearly declining as price is reaching its apex of the symmetrical triangle; this is an indication of an influx in volume. Overall, in my opinion, a breakout is imminent, very tradeable, price is coming close to its apex as support and resistance converge. What are your thoughts? Telegram Link in Bio – Please Join :) 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
by AzizKhanZamani
XTZBTC Fractal| .618 Fibonacci| Trend Line| Volume Profile Evening Traders, Today’s Analysis – XTZBTC – a highly probable fractal at play, the .618 Fibonacci coinciding with the overall trend line perfectly. Points to consider, - Trend Bullish - Impulse move from .618 Fibonacci - RSI neutral - Stochastics in upper regions - Similar volume profile XTZ’s trend is bullish with consecutive established higher highs, respecting the trend line to a T. The .618 Fibonacci has held true twice with confluence from the trend line, leading to two impulse moves. RSI is currently neutral, similar to the previous test of the trend; this goes the same with the stochastics, trading in the upper regions (momentum is up). The volume profile looks similar in shape, a declining and tapering off as price magnets to the trend line. Overall, in my opinion, this is a highly probable fractal at play with a retest of the trend line being the confirmation. It is an easy manageable trade where invalidation will come quickly, that is when the trend line breaks. What are your thoughts? Please leave a like and comment, And remember, “People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth.” - Jesse Livermore
Long
by AzizKhanZamani
4
ETHBTC Bull Flag| S/R Flip| Support Confluence| Pull Back Entry Evening Traders, Today’s Analysis – ETHBTC – forming a potential bull flag above a key level, volume influx is needed for confirmation, Points to consider, - Trend bullish - Confirmation of S/R Flip - Bull Flag confluence ( .382 Fibonacci) - RSI neutral - Stochastics above 50 - Volume declining ETHBTC's trend has been bullish, breaching a very key level with consolidation above structural resistance. A bull flag is likely forming, will be valid as long as the .382 Fibonacci holds which is in confluence with the now probable support upon a retest (S/R Flip). The RSI is quite neutral sitting at 50; it does have a higher low projection using the trend line as a guide. Stochastics on the other hand is trading just above 50, indicating buy pressure coming in. Volume is clearly low, an influx will be needed for a confirmation if a true bull flag and a continuation in the trend. Overall, in my opinion, the .382 Fibonacci needs to hold which is aligned with the S/R flip. The technical target of the bull flag is aligned with local resistance. What are your thoughts? Please leave a like and comment, And remember, “I know from experience that nobody can give me a tip or a series of tips that will make more money for me than my own judgement.” - Jesse Livermore
Long
by AzizKhanZamani
BCHBTC Low Volume|Bearish Pennant|Apex| Breakout imminent Evening Traders, Today’s technical analysis will be on BCHBTC, trading very close to its apex with a breakout being imminent. Points to consider, - Local Trend bearish - Price trading near apex - RSI testing support - Stochastics projected down - Volume extremely low - Local support - .50 Fibonacci BCHBTC’s local trend has been bearish, consecutive lower highs evident; this can be considered as a bearish pennant, a continuation pattern. Price is coiling up near its apex, support and resistances are converging, decision time is upon fruition. The RSI is testing its support; break will highly coincide with further downside momentum, similar case with the stochastics that’s already projecting down. The volume is clearly below average, this signals a breakout being imminent from this current formation. A break bearish needs to close below the .50 Fibonacci Level, this will confirm continuation in the trend, as local support is breached. Overall, in my opinion, BCHBTC is upon a break, this current formation can be regarded as a bearish pennant as the trend is clearly making consecutive lower highs. What are your thoughts? Please leave a like and comment, And remember, Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Short
by AzizKhanZamani
LONG - EVX - Trading OpportunityBINANCE:EVXBTC finally getting some momentum going after all these accumulation wicks that can be clearly seen on the volume, breaking above the MA50, hoping for a solid close above, so we can see continuation. Entry: 0.00002130 Target 1: 0.00002438 Target 2: 0.00002686 SL: 0.00002018 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
ELong
by ElMomento
XMRBTC Triple Bottom| Down Trend Broken| Support ConfluenceEvening Traders, Today’s Analysis will focus on XMRBTC which has broken a long term down trend, currently trading in a zone between support and resistance. Points to consider, - Daily trend change ( Triple bottom) - Local support confluences - Structural resistance respected - RSI testing support - Stochastics in upper regions - Declining volume nodes XMR has put in a probable triple bottom after breaking a strong lower high structure; the bottoming formation will ONLY be confirmed with consecutive higher lows above structural resistance. The structural resistance has been respected multiple times; XMR is likely to trade within the range between support and resistance. Local support has viable confluences indicating a true trade location. The .386 Fibonacci needs to hold true to establish a higher low on the daily. Local support and the 21 EMA being in confluence put a strong emphasis on the level being a strong support zone. The RSI is testing support, currently quite neutral whilst the stochastics trades in the upper regions. It can stay trading here for a while, however does have stored momentum to the downside. The volume nodes are below average; this again indicates that XMR is likely to trade within the support and resistance region before an impulsive move. Overall, in my opinion, XMR needs to break structural resistance in order to establish consecutive higher lows. This will confirm the daily trend change and the bottoming formation. Currently is may stay trading within this range for a while as volume continues to decline. What are your thoughts? Please leave a like and comment, And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.” – Jesse Livermore
X
by AzizKhanZamani
3
BCHUSD Point of Control|21 DEMA| Structural ResistanceEvening Traders, Today’s analysis will be on BCHUSD, testing a key resistance (21 DEMA) in a defined down trend. This current trade location is in confluence with the POC, a breakdown will just be another lower high. Points to consider, - Trend bearish – Consecutive lower highs - 21 DEMA, current resistance - Local support at yearly lows - RSI approaching resistance - Stochastics in upper regions - Volume declining Bears are in clear control with consecutive lower highs in place, a very good visual guide is the 21 Daily EMA, acting as strong resistance. BCH is currently in a very key trade location with multiple confluences such as the POC and the .236 Fibonacci – holding price down. A rejection will keep BCH on course to testing yearly lows again – next local support. The RSI is nearing resistance; a decisive break will be in confluence with the price breaking the 21 DEMA – staunched resistance. The Stochastics on the other hand is in the upper regions, can stay trading here for an extended period of time, however lots of stored momentum to the downside. Volume nodes are clearly declining, signalling an impulsive move is imminent, either up or down, it will dictate the immediate trend. Overall, in my opinion, BCHUSD can break the 21 DEMA and still place a lower high. It needs to break structural resistance with a consolidation above for a confirmation of a trend change. What are your thoughts? Please leave a like and comment, And remember, The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
COINBASE:BCHUSDShort
by AzizKhanZamani
LINKBTC Key Levels| 200 DMA&DEMA | Low Volume Evening Traders, Today’s Technical Analysis will focus on LINKBTC holding local support as the 200 DMA and DEMA approach – historically being pivot points. Points to consider, - Trend bullish – Consecutive higher lows - Local support holding - Resistant to break for continuation - RSI in lower regions (Flat) - Stochastics in lower regions (Flat) - Volume below average LINK’s trend has been bullish with consecutive higher lows being established with impulsive bull moves. Current local support is being held with the 200 DMA and DEMA approaching, historically being pivot points. A break of these technical indicators will break the higher low projection for LINK. A break and close above resistance will continue the bullish bias, LINK will then likely take out highs and enter a blue sky breakout. The RSI is in lower regions, has been trading flat and will remain flat until a decisive move. Stochastics is also flat in the lower regions, can stay trading here for an extended period of time with lots of stored momentum to the upside. The volume nodes are well below average, sign that a decisive move is imminent from current technical trade location. Overall, in my opinion, LINKBTC is holding a key support; the 200 DMA and DEMA are approaching and historically have been pivot points leading into impulsive bull moves. A close below however will greatly increase LINK’s probability of testing structural support which is in confluence with the 1.414 Fibonacci Extension. What are your thoughts? Please leave a like and comment, And remember, “The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee
by AzizKhanZamani
2
BHP Key 200 WMA| Oversold RSI| Volume Climax Evening Traders, Today’s analysis will focus on BHP, sellers are in complete control after breaking key technical levels. It has been rejected at a technical point that will dictate the overall trend in the coming weeks and months. Points to consider, - Strong bear break - 200 WMA – Current resistance - Local support respected - .618 Fibonacci in confluence - RSI coming of oversold - Stochastics in lower regions - Volume climax evident The trend is bearish for BHP, breaking key technical levels in the recent sell off. The 200 WMA is a vital level for the overall trend, current acting as resistance. Local support is in confluence with the .618 Fibonacci, breaking this level will target the 2.618 Fibonacci Extension. The RSI is currently extremely oversold; this is considered to be an oversold bounce if it recovers to neutral territory. Stochastics is in lower regions, can stay trading here for an extended period of time, however lots of stored momentum to the upside. Volume climax is evident; this suggests that the temporary bottom may be in. If BHP puts in a lower high, it will increase the chances taking local support out. Overall, in my opinion, BHP has a clear level, 200 WMA, a break will increase the bullish bias as the .618 will hold true. A rejection will increase the bearish outlook, thus the first target being the 2.618 Fibonacci Extension. What are your thoughts? Please leave a like and comment, And remember, “Trading mastery is a state of complete acceptance of probability, not a state of fight it.” ― Yvan Byeajee
ASX:BHP
by AzizKhanZamani
UBER Oversold Bounce| Structural Resistance| .50 Fibonacci Evening Traders, Today’s Technical Analysis will focus on UBER, with an insane oversold bounce, over 100% gain, currently testing a key resistance that will dictate the overall macro trend. Points to consider, - Oversold bounce still in fruition - Structural resistance in confluence - Stochastics projected up - RSI hitting resistance - Noticeable bull volume nodes - Daily lower high likely UBER is currently in an oversold bounce, testing a key structural resistance that is in confluence with the .50 Fibonacci level. The stochastics is projected up, still has more stored momentum to the upside whilst the RSI is testing its resistance. It is likely to break in conjunction with the upside momentum of the stochastics. There are noticeable bull volume nodes, driving the oversold bounce, this must sustain if structural resistance is to be broken. Overall, in my opinion, UBER is testing a critical level on the macro timeframe. A rejection will be in favour of the bears, putting in lower high. A break and consolidation however, will increase the likelihood of testing upper level, thus changing the macro structure. What are your thoughts? Please leave a like and comment, And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee
NYSE:UBER
by AzizKhanZamani
2
BTCUD Ascending Triangle|Structural Resistance|Apex| Low Volume Evening Traders, Today’s analysis will focus on Bitcoins immediate price action; it is consolidating under key resistance which is quite bullish, although the macro trend is still bearish. Points to consider, - Macro trend bearish - Consolidation under local resistance - Current support (100 and 21 EMA) - RSI respecting trend - Stochastics projected down - Volume declining BTC is still in a macro downtrend, putting in consecutive lower highs on the daily timeframe. Currently consolidating under local resistance, this can be seen as a bullish sign as buyers are willing to buy at these levels. Support is deemed from the 100 and 21 EMA, this is very close to the ascending triangle apex indicating a move is imminent. The RSI is respecting its trend, a break will test its support, if this occurs, BTC will follow for a retest of its ascending support line. Stochastics are projected down; the immediate momentum is to the down side, again putting more emphasis on BTC test its ascending support. The Volume nodes are declining; this indicates that volatility is around the corner as price is trading in its apex. Overall, in my opinion, BTCUSD is consolidating under local resistance in a probable ascending triangle. A break up will likely send price to structural resistance, a test of this level may reject BTC, thus putting in more emphasis on a bear flag (too early to tell at the moment). What are your thoughts? Please leave a like and comment, And remember, The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
BYBIT:BTCUSD.PLong
by AzizKhanZamani
2