BNB USDT Price Movement ScenarioWe are considering a scenario for the price movement of BNB.
Since the beginning of 2023, there has been increased interest from buyers in the movement of the asset's prices. Confirmation of this is a sustainable upward trend accompanied by an increase in trading volumes.
Volume profile analysis confirms the sustained interest of buyers within the current price range. At the moment, the price of the asset has been in a squeezed state within a triangle for a significant amount of time.
This creates conditions to expect the price of the asset to break out upwards, followed by testing the levels of the triangle and subsequent ascent with the overcoming of resistance levels. The process of such a breakthrough may be supported by an increase in trading volume and increased interest from buyers, which in turn will emphasize the strength of the potential upward movement.
Volumeanalysis
📈Ethereum: Crucial Levels and Momentum Trends🔥🔍Today's analysis focuses on Ethereum in the 4-hour timeframe, specifically for futures trading. Taking an overview, we find Ethereum trapped within a range between 3235 and 3645, experiencing a false breakout from the upper boundary yesterday before reverting back into the range.
📊The volume of red candles has been increasing since yesterday, indicating current momentum favoring sellers. Presently, the price has reached the Point of Control (POC) on the fixed range volume profile, prompting scrutiny for potential reactions at this level.
📈For long positions, patience is advised until the price revisits 3645 and exhibits a response. This will help identify our main resistance level, and upon breaking it, entering a long position could be considered.
📉Regarding short positions, a break below the 3235 zone seems opportune. If you are a range trader, entering a short position after breaking the POC could lead to a target at the bottom of the range.
📝By incorporating these observations and strategies, traders can make informed decisions amidst Ethereum's current market conditions.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
NVDA breaks below support lineNVDA today broke below its support line after breaking its long term upward trend on April 4th.
Broke upward trend and held breakdown earlier this week.
Broke below support today on strong volume indicating confirmation of movement.
Started to recover on weak volume indicating disagreement on movement.
I am expecting NVDA to come back up to support, test it and fail continuing its decline.
Action item: closed my long position and opening an option put.
EURUSD 4H ~ Based on Elliot WaveElliot Wave to predict waves with the help of angles
Present forming structure is similar to the first E.W./ A to B trend of triangle pattern. If so, then, the fibonacci can be from 0 to number 2 peak of E.W., and can be used same way to present forming structure. It can reach higher then 300% but not smaller, so tp is secured on 300.
Notice how on each wave number 1 and 4 peak of E.W. doesn't touch each other. I jumped the wave that touches number 1 peak, taking it as phantom wave, selecting the next one for better structure.
Angles are not used to much but I found out they are good to predict time and price limit range. They have this pattern that leads to a simple reverse prediction. Example: start point should be in a LL or HH. 89°> is the first peak. 87°> is the second, and 86°> is the third. Degrees can be repeated but can't be greater then previus peak. After three important peaks, it will start the reversal getting lower and lower. It can be aplied in reversal too, but instead of degree getting smaller, it gets higher and in three peaks should reverse; example: 55° first peak, 66° second peak, then third peak would be 77°>. All with the same arrow. Even so, it can't predict how high or low chart will get once reversal is done, that's why I use it with Elliot Wave and fibonacci.
Other tools that I use is volume balance (or volume correction) but, this is an unofficial strategy, from what I know. Which is the way chart do the same amount of volume from a high volume candlestick, , and the candlestick that reaches it. By applying it again, the candlestick that completes the end of total volume use it to apply an extremely repulsive and atraction zone by adding lines on the HH and LL of the candlestick. Chart reaches around 300%~423% usually, but can get higher. It weakens when zone is already used at least two times.
Additionally, it can lead powerful trends to the 300% of the HH and LL of the volume correction.
The other path arrows you can ignore them, they are more for personal use.
Bye.
📈UNI Spot Buying Entry Analysis🛒🔍Today, let's analyze UniSwap (UNI) focusing on the daily timeframe for spot trading, aiming to identify optimal entry points for buying.
📈After a sharp upward movement towards resistance at $15.402, UNI initiated a correction, extending to the 0.5 Fibonacci level, where price reacted twice.
✨A closer examination reveals a descending triangle formation approaching its apex. Upon breaking the triangle's support line, a short position opportunity may arise. However, caution is warranted as breaking the support enters the golden Fibonacci ratio zone, likely prompting significant reactions.
🛒For spot buying, patience is key, waiting for the trend to break and confirm above $12.964, which would serve as a consolidation trigger for a logical spot purchase.
🐢For those seeking more certainty, waiting for price confirmation above $15.402 before entering a buy position is advisable.
A concern arises from declining volume, indicating diminishing interest in UNI. Healthy volume is crucial for sustained price movement, whether upward or downward.
✅As for targets, considering the area around $22.718 could be prudent. Upon reaching this level, decisions regarding profit-taking or holding can be made based on price reaction.
📝Overall, UNI presents potential entry opportunities for spot buying, contingent upon price confirmations and volume considerations. Vigilance and strategic decision-making are essential in navigating UNI's current chart dynamics.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Wormhole(W) is Ready to Pump🚀➕20%_40%🚀💡Today, I want to analyze the Wormhole(W) project for you, which has been listed in different exchanges for less than 3 days .
📚What Is Wormhole(W)❗️❓
🔸Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
🔸The wider Wormhole network is trusted and used by teams like Circle and Uniswap, and to date, the platform has facilitated the transfer of over 35 billion dollars through over 1 billion cross-chain messages.
🏃♂️ Wormhole(W) is currently moving near the 🔴 Resistance zone($1.050-$0.997) 🔴and Resistance lines ( the upper lines of the wedge pattern) .
📈From the point of view of Classical Technical Analysis , Wormhole(W) seems to have succeeded in forming a Falling Wedge Pattern .
🔔I expect Wormhole(W) to start going up (🚀40%🚀) to the 🔴 Resistance zone($1.280-$1.200) 🔴 after touching the 🟡 Potential Reversal Zone(PRZ) 🟡.
❗️⚠️Note⚠️❗️ : If Wormhole(W) breaks the 🟡 Potential Reversal Zone(PRZ) 🟡 , the analysis will fail (if Wormhole(W) breaks the 🔴 Resistance zone($1.050-$0.997) 🔴, it will be a more reliable entry point).
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Wormhole analysis (WUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📈APE: Potential Long Opportunity on 4-Hour Timeframe🚀🔍Today, our focus is on ApeCoin (APE) with analysis conducted on the 4-hour timeframe. A notable aspect in this timeframe is the favorable reactions to Fibonacci levels, where APE exhibits a response to the 0.618 level, forming a V-pattern after a fakeout. This pattern suggests a potential reversal, indicating a resurgence of buyers in the market.
💥The RSI indicator also signals positive divergence, activating a trigger for potential long positions. Now, we await confirmation from the price action to validate our entry.
📈For long positions, a breakout above $1.727 could serve as a suitable trigger, with targets set at $1.881 and $2.118. However, profit-taking should be considered along the way, given the current downtrend in the 4-hour timeframe. It's important to note that shorter timeframes may present noise and corrective moves, while longer timeframes might reveal the overarching bullish trend.
📉Regarding short positions, $1.659 presents a risky trigger, while $1.605 provides a more confident entry point. However, considering the low volume of red candles, it's less likely for the price to stabilize below these triggers unless accompanied by significant selling volume.
📝In summary, ApeCoin presents a potential long opportunity, supported by Fibonacci levels and positive divergence on the RSI. Short positions should be approached cautiously, considering the overall market sentiment and volume dynamics.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
📈ATOM: Potential Long Opportunity on 4-Hour Timeframe💎🔍Today, let's focus on Cosmos (ATOM) on the 4-hour timeframe, where it has reached support at $10.714. Concurrently, it's consolidating around this support level while the RSI indicator shows positive divergence, indicating potential bullish momentum. Moreover, the decreasing volume in red candles suggests bullish volume divergence.
📈For long positions, the activation of RSI divergence with a breakout above $42.49 confirms the signal. The next resistance lies at the RSI midline, or $11.125, where a candle close above this level could signal entry for long positions.
✅Setting our initial target with a risk/reward ratio of 2, we aim for a price target of $12.745. If the price reaches this level, profit-taking could be considered.
📉Considering short positions, it's essential to note that strong trends often accompany significant divergence. However, without substantial selling volume, it's challenging to confirm stronger selling pressure. Confirmation would entail multiple red candles with high volume.
🛑For short position targets, the initial risk/reward ratio of 2 could be applied, followed by considering support at $9.734.
📝Overall, Cosmos presents a potential long opportunity, supported by technical indicators and price action around key support levels. Short positions should be approached cautiously, awaiting confirmation of increased selling pressure.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
📈ADA: Potential Short Opportunity on 4-Hour Timeframe✂️🔍Today, let's analyze Cardano (ADA) on the 4-hour timeframe. After encountering rejection twice at $0.7971, the price experienced a downward leg, retracing to the 0.5 Fibonacci level of the previous wave before resuming its descent to the 0.618 Fibonacci extension, where it currently consolidates.
📉This level coincides with support at $0.5633, and a breakout below it could signal further downward movement, with targets at the 0.786 Fibonacci level and subsequently at the 1 Fibonacci extension.
⚡️The SMA25 indicator has converged with the price, potentially exerting downward pressure. Failure of SMA25 to push the price lower could indicate a ranging market.
📊Candle volume has been range-bound since reaching $0.5633, indicating ongoing buyer presence and a lack of significant selling pressure.
📈For long positions, entry above $0.5886 could be considered, although it carries inherent risks.
📝Overall, Cardano presents a potential short opportunity, contingent upon a breakdown below $0.5633, with various technical indicators suggesting downward momentum.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
📈Ethereum/BTC Analysis: Potential Shifts in DeFi Dominance🚨🔍Today, we're analyzing Ethereum/BTC in the weekly timeframe, crucial for understanding Ethereum's position relative to Bitcoin, especially amid the DeFi landscape where Ethereum plays a significant role.
💎Towards the end of 2021, ETH/BTC encountered resistance at 0.08511 and has since been undergoing correction. Upon plotting the Fibonacci retracement, we observed a bounce at the 0.382 level, signaling a possible continuation. However, failure to breach the previous high suggests dwindling buyer strength, potentially leading to downward pressure if sellers enter the market.
🔒Simultaneously, we notice a trendline resistance restraining the price, indicating that price has yet to gather enough momentum to break above it.
📊Examining volume since mid-2023, it appears to be in a range-bound state. However, short-term analysis shows decreasing red candle volume as we approach support at 0.05061. We need to observe if a break of this support correlates with a significant increase in volume.
💥RSI oscillator is currently hovering around support at 39.87. A candle closing below both price and RSI support levels could signal the beginning of a new downward trend.
❌Finally, it's essential to note that the current support level we are testing is critical for the vitality of this chart. If breached, Ethereum may underperform Bitcoin, especially during corrections. Therefore, it's unlikely that the Ethereum community, particularly heavy ETH holders, would allow this support to falter easily.
🔥🔥GOLD TO 2330🔥🔥❤️MY FOREX TEAM❤️
INFORMATION
Gold price climbs steadily, eyeing Wednesday's $2,300 psychological figure amid high US Treasury bond yields and a soft US Dollar. Speeches from Federal Reserve officials, strong jobs data, and a dip in services business activity weighed on the American currency. Therefore, the XAU/USD spot price is at $2,295, refreshing all-time highs and gaining more than 0.60%.
Recently, Fed Chair Jerome Powell stated the US central bank has time to deliberate about rate cuts, given the strength of the economy and the inflation readings. He reiterated that if the economy evolves as expected, they will cut borrowing costs “at some point this year.”
💲BUY / SELL SIGNAL UPDATES SHORTLY💲 Follow channel for regular updates
Everyone success..👍👍👍
❤️MY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
Gold price soars, supported by weakening US Dollar in face of high Treasury yields.
XAU/USD was boosted by Fed Chair Powell hinting at rate cuts within the year, contingent on sustained inflation decline.
Despite a strong job market as shown by ADP data, indications of a slowdown in services activity contribute to the precious metal's gains.
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
📈Zilliqa (ZIL) Analysis: Short Opportunity in 4-Hour Timeframe⚡🗓Today, we're examining Zilliqa (ZIL), which presents a favorable trading setup in the 4-hour timeframe.
🔍Upon retracing the recent uptrend in the daily timeframe, a Fibonacci corrective analysis shows a rebound from the 0.382 level. However, it failed to breach higher levels, indicating waning buying pressure. Hence, a break below 0.03232 could signal diminishing buyer strength, potentially leading to further decline, making it a compelling trigger for short positions.
💥RSI oscillator found support at 27.06, coinciding with the support at 0.03232. A breach of this support level, if synchronized, would corroborate bearish sentiment, providing additional confirmation for potential downside movement.
📊Candle volume is currently range-bound after hitting support, offering limited insight. Observing which side (bulls or bears) commands greater volume will be crucial. However, volume alone isn't conclusive; other indicators should be considered.
⭐️The SMA7 indicator has approached the candles, potentially exerting downward pressure. Should the market enter a correction or consolidation phase, awaiting confirmation from SMA25 would be prudent.
📉For short positions, targeting the 0.618 Fibonacci level, coinciding with support at 0.02902, could be a viable strategy, considering it aligns with significant Fibonacci and support levels.
📝In summary, ZIL presents a potential short opportunity, contingent upon key support levels and confirmation from various technical indicators.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
INTC Swing Long Conservative Trend Trade Conservative Trend Trade
+ long impulse
+ expanding T2 level
+ support level
+ unvolumed 2Sp
+ volumed test
+ below first bullish bar closed level entry
Calculated affordable virtual stop loss
1 to 2 R/R take profit
Daily Context
"+ long impulse
+ SOS level
+ support level
+ unvolumed Sp"
Monthly Context
"+ long impulse
+ SOS level
+ support level
+ 1/2 correction"
Give me a way better price at afterhours.
I just need my 2 R and I'm out!
LTC/USDT Price Movement ScenarioBelow is the price movement scenario for LTC.
Analyzing the asset's dynamics since mid-2022, we can observe a clear upward trend, indicating investor confidence and potential growth prospects. However, despite this, the asset is still significantly below its all-time highs, providing an opportunity for entry into positions.
Looking at the trading volume profile, we see that market participants continue to act in line with the current trend, accumulating positions to support price growth.
Currently, the asset is trading below the resistance level at $115.86, which can be considered as a potential entry point. It is expected that continued trading below this resistance level may lead to further strengthening of positions and subsequently to a breakthrough of this level.
The target level at $297.70 can be considered as the next key level.
JPM Earnings Next Week: Will Buybacks Hold Up the Stock?NYSE:JPM reached New Highs recently with a huge number of buybacks driving the stock upward so fast and so high. The big bank has also been busy gobbling up regional banks for two years now. JPM's floor traders, trading aggressively in a few key industries, are doing well.
However, Revenues and Earnings were down last quarter over the prior quarter. And Volume is trending slightly lower over the quarter. An overextended run into earnings often sees profit-taking ahead of or on the day of the report.
Smaller funds are in speculative mode chasing the buybacks. Why did smaller funds rush to buy on earnings last quarter? Year over Year comparisons show revenues and earnings are up. Year over year often distorts current values.
What matters is the most current data, quarter over quarter, for the Buy Side Institutions.
📈Ethereum Analysis: Potential Scenarios in 4-Hour Timeframe✨🔍Today, let's delve into the analysis of Ethereum (ETH) to identify its growth or decline potential.In the 4-hour timeframe, ETH experienced a correction downward to around $3200 after reaching $4063. Currently, it's ranging between $3645 and $3480, with the previous candle breaking below the range. Now, we need to assess whether this could lead to stabilization or a potential fakeout.
⚡️From a Fibonacci perspective, retracement from the 50% level suggests the possibility of further downward movement, potentially extending the correction. If we continue to decline and breach $3299, we might target $2899, a strong support level that could anchor ETH against excessive correction.
📊The volume of red candles significantly outweighs that of green candles, indicating stronger selling pressure. Should this trend persist, further decline can be expected.
💥Regarding RSI, it previously held support around 44.89, coinciding with $3480, but has now dipped to 37.18. A breach of this level may not provide much distance to oversold territory, potentially leading to sharp movements.
💎Overall, these analyses apply to the 4-hour timeframe, with all movements constituting minor corrections in the weekly perspective.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
TCS: SMA 200 for long positionHello traders,
The stock we are going to watch is $NSE:TCS. This stock is related to IT sector. This stock is mostly moving in an upward direction. Currently, it is taking some additional support of SMA200 in 4h time frame. This stock can shoot upwards at anytime.
If you're a option trader, consider buying the premium which is having the liquidity. Consider exiting near 4100 to protect your profits.
Thanks & regards,
Alpha Trading Station
Expectation for EUR/USD for the first week of ApirilLast week was quite interesting, especially given the EUR/USD orderbook had four very strong levels of resistence making up over 50% of the sell side weighted volume (Thursday). The lower range was pushed down from previous levels, also indicating buyers are calling for lower prices.
The orderbook still has quite a bit of pressure on the sell side, even though the bulls hold the market, albeit thinly, at the close of Friday's session. While Monday may bring a bullish gap, I believe the coming week will see more tug-of-war motion between the bulls and bears, but ultimately, the prices will be driven down lower.
While there is a good chance the market may test the 1.073 range, I don't see any evidence that it will be broken, yet. For the next month or so, I believe the market is going to remain in its current ranged area, perhaps with minor expansion.
📈AVAX Analysis: Consolidating Between Key Levels💎🔍Today, I'm analyzing AVAX, which is currently consolidating between the levels of $58.40 and $47.72 after an upward move. Presently, it's hovering around the support at $53.12, approximately the midpoint of the range.
⚡️Following a fakeout above $58.40, the trading volume has gradually decreased, indicating ongoing consolidation.
📉For short positions, the primary trigger lies at $47.72, although $53.12 presents a lower-risk alternative. Conversely, $58.40 serves as a suitable trigger for long positions.
💥The RSI indicator is holding support at 36.53, suggesting bearish momentum upon its breach.
🚀The Fibonacci retracement aligns the 0.618 level with the support at $47.72, with the price currently above the 0.382 level.
✅A breakdown below $53.12 could encounter resistance at the 0.382 and 0.5 Fibonacci levels, potentially hindering further downward movement.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Stock Market Logic Series #9Two Daggers Buy Pattern EXPLAINED
This is a super powerful pattern for a buy. Especially if you are a value investor.
What do you want to look for?
1. You must see TWO daggers to the downside.
A dagger is an extremely abnormal drop in price with a HUGE volume.
You want to see the first dagger, and then pray for the price to continue falling at a normal rate.
Normal rate = people are trying to pick the bottom (without success).
Then you want to look for (wait = put alerts) for the SECOND DAGGER.
Then after the second dagger arrives and you get a second sharp drop in price, then you want to expect a rejection up and a new strong trend up should emerge.
2. Exterme volume on the daggers!
Ideally, you want the volume of the second dagger to be bigger than the first one.
This means that someone is loading all he can get since he KNOWS KNOWS KNOWS that the price is going to get higher for sure.
I bet you would have done the same... if you KNOW KNOW KNOW its going UP!
This pattern does not happen all the time, and it is more likely to happen near the end of a bear market. But prices get so unreasonably cheap, that its obviously for fundamental reasons that they are wrong! so someone who KNOWS will take all the money he can get to load into this stock at this price.
APPLE Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
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1-16-2024
GREEN TrapZone with RED UMVD. Price sliding as US MSI also points to weakening in the market. Hold On to You Hats I Say :)