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HDFC BANK 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 -------------------- 1-16-2024 GREEN TrapZone with GREEN UMVD. UP swing, price may come back into the Green TrapZone
NSE:HDFCBANK
by SnowflakeTrader
2
CRUDE Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (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 -------------------- 1-15-2024 DN trend with Red TrapZone but Green UMVD at the moment. Price has not retraced deep to the top of the TrapZone and we have RED Bars indicating strong downward price momentum
NYMEX:MCL1!
by SnowflakeTrader
GOLD 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 -------------------- 1-18-2024 GREEN UMVD pushing the price UP with a strong RED TrapZone at the moment. See higher Time Frame Analysis below
COMEX_MINI:MGC1!
by SnowflakeTrader
BITCOIN 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 -------------------- 1-14-2024 Downtrend with Green UMVD after divergence stopping the fall. Sideways at the moment.
BITSTAMP:BTCUSD
by SnowflakeTrader
9
📈LTC Analysis: Short Position Opportunity in Volatile Market🔥🔍Today, we are focusing on analyzing LTC for future prospects. It's worth noting that it's Monday, typically associated with lower market volume and increased market volatility. 🔒On the 4-hour timeframe, we find ourselves within a trading range, with the resistance ceiling at $94.34 and the support floor at $82.97. A recent rejection from the upper boundary suggests that sellers have more strength compared to buyers. Thus, initiating a short position could be a more secure move. 📉In case the $82.97 support level is breached, entering a short position with a target price of $75.98, accompanied by a well-defined stop-loss, could offer a minimum risk-reward ratio of 2. 💎The SMA7 indicator has converged with the price, potentially signaling further downward momentum. If the SMA7 fails to maintain the trend, we'll wait for confirmation from the SMA25. Failure on both indicators may lead to a sideways movement, possibly retesting the upper boundary of the trading range. 📊In the recent downtrend, the volume of red candles has diminished compared to the initial wave. While this could be attributed to the typically lower trading activity on Sundays, a resurgence in volume from tomorrow onwards is essential. Failure to observe increased volume could indicate weakness in the trend. 💥 Additionally, the RSI oscillator provides a critical support level at 32.64. Simultaneous breach of the $82.97 support level and the RSI support could serve as another confirmation for a short position. ❌In conclusion, vigilance is paramount today. If the short position trigger is breached or if setting a large stop-loss to avoid unnecessary risk or setting too small a stop-loss to quickly hit the target, it's crucial to maintain a balanced approach. 🧠💼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.
Short
by itsparham96
📈GAL Analysis: Potential Upside Momentum🛸👨‍🚀🔍After reaching resistance at 4.966, GAL has initiated a corrective move. Considering the Fibonacci retracement, a bounce from the 0.382 level suggests that breaking above 4.966 could lead to higher targets. 🌪Our Fibonacci-based targets from this point include 5.83 and a range between 6.5 to 7. In case of breaking below the support at 4.196, the last anchor within the range of 3.8 to 4 could potentially reverse the price. 📉A breakdown below the PRZ range on the 4H trend might alter the short-term trend, but keep in mind that the 1D and 1W charts remain bullish, reducing the likelihood of a significant market reversal based solely on the 4H chart. 📊Additionally, the volume of green candles outweighs that of red ones, suggesting potential upward movement in the future. 📈For long positions, it's advisable to wait for confirmation above 4.966 before initiating a position after the resistance breakout 🧠💼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.
GLong
by itsparham96
📈TON Breaks ATH: Eyes on $6-7 Target?🚀🔥🔍TON coin has recently shattered its all-time high (ATH) with a convincing candle on the weekly timeframe, marking a significant 32% move from the trigger candle. The uptrend appears to be continuing, with a potential next target range around $6-7 based on Fibonacci levels. If you bought at lower levels, it is advisable to hold for now. ✨Taking a glance at the annual pivot points, TON has reached the R2 level and seems to be consolidating. Observing the reaction at this level will be crucial in determining the next move. A break above R2 could indicate further upward momentum, while failure and a trigger candle might signal a potential sell-off. 📊The recent influx of volume into this coin over the past two weeks suggests strong interest from investors. If there's a reaction to the annual R2 level, monitoring the trendline drawn can provide insights. In case of a breakdown and confirmation candle, selling could be considered. 💥The RSI oscillator has entered overbought territory, signaling a potential sharp movement similar to the recent 30% surge. Fundamentally, TON is associated with the Telegram messaging platform. If you believe in the widespread adoption of this messenger, investing in its coin could be lucrative. 🛒Waiting for a pullback to the trendline with confirmation from a candle could be a viable strategy if you're still on the sidelines. Keep an eye on the market dynamics and react accordingly for potential profit opportunities. 🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
Long
by itsparham96
Market Profile vs Volume Profile: Which one is a better tool?There is an ongoing discussion within the trading community about which tool is better for analyzing market behavior: Market Profile (MP) or Volume Profile (VP). The former was popularized by Jim Dalton in his book "Mind Over Markets," while the latter has many advocates as well, including Peter Reznicek (aka ShadowTrader). With the release of the new "Time Price Opportunities" (TPO) indicator by TradingView, we can now closely examine the disparities between the two and explore which one works better. For starters, I won't delve into explaining what Market Profile is and all its related artifacts (e.g., TPO, single-prints, poor high/low, etc.). TradingView has done a commendable job explaining key concepts in the indicator description. For those seeking more, Jim Dalton's "Markets in Profile" is a recommended resource, an easier and more up to date reading than the original book. Additionally, there are numerous free webinars available on YouTube. Both MP and VP serve similar purposes: 1. Assess day character by analyzing shape of intraday distribution (price-time/price-volume) 2. Identify important levels that are not visible on the standard bar chart (VAH, VAL, POC) 3. Spot structural weaknesses and anomalies. The key difference is in the basic building block: Market Profile uses time at certain price level whereas Volume Profile uses volume. Let’s look at AMEX:SPY chart to explore the differences What stands out is that intraday distributions are nearly identical. There are slight differences in key levels (VAH, VAL, POC) but they are negligible. Note how on Wednesday, the price first retests Tuesday's VAH, then Monday's VAL, then again Tuesday's VAH. After confirming support, it rallies up the next day. From the perspective of the stated goals, we can efficiently achieve the first two, regardless of the tool we use. The third goal is a bit tricky and requries a seperate long discussion. So I won't dwell on it here In overall, we can see that Market and Volume profiles are pretty much alike and it doesn’t make much difference which one you’ll be using. Or does it? So far, we looked at the regular hours chart (RTH). What about futures and similar instruments that trade 24 hours? Let's look at CME_MINI:NQ1! chart Here, the difference in distributions and levels is much more pronounced. The best example is Friday where not only POCs are completely misaligned but even the shapes of distribution (MP is more like a bullish p-shape, whereas VP is a bearish trend day). The disparity in distributions is explained by the difference in volume traded during regular hours (high volume) and extended hours (low volume). Due to this asymmetry, Volume Profile is always heavily skewed towards RTH. Meanwhile, Market Profile is session-neutral, giving the same weight to overnight and regular hours TPOs. Understanding of disparity doesn’t answer question of which tool is better. For example, when it comes to key levels, price sometimes respects MP levels and sometimes VP ones. My take is that we need to pay attention to both when they are pronounced. Good example is Tuesday’s prominent MP POC. Although it was built up overnight on low volume, it was revisited the day after and acted as resistance. To conclude: For tickets that trade primarily in the regular session (or if you look on RTH session chart only) there is no difference whether to use Market or Volume profile. Both provide same information. (note that volume data on lower timeframes depends on your broker and/or whether you buy real-time data from exchange; reliability of volume data is a separate discussion topic). If you’re trading 24h instruments I find more useful using MP as it can give important information about non-regular low-volume sessions. For RTH, it will still give the same results as VP. You can also use a combination of two but then you’ll face a challenge of reconciling difference in distribution shape (like the Friday example). As there is no clear answer how to do it, I recommend sticking to one tool at a time. P.S. I have not done any research on very low timeframe (<5m) for intraday accumulations/distributions. As MP was originally developed to analyze day character (Jim Dalton suggests using 30m TPO) it might not be well suited for lower timeframes (e.g. if you trade within 1h range), and this is the area where VP has advantage. Another point to consider is that currently TradingView provides a wider range of VP tools, incl fixed range, anchored, etc…
AMEX:SPYEducation
by hermes_trisme
4
📈XVS Breaks Resistance: Eyes on $41.13 Target?🚀💎🔍XVS reacts positively at resistance of $12.86, signaling potential for further upside. 🔥The next target for XVS stands at $41.13, backed by support from Binance and promising project potential. 🚀For current holders, consider holding rather than taking profits, as XVS shows potential for greater gains amid bullish trends. 📊Increased volume post-resistance breakout suggests renewed interest from investors, potentially driving further price appreciation. 💥RSI nearing resistance at 80.34 warrants attention for potential overbought conditions and subsequent market reaction. ❌Consider Bitcoin's ATH and potential for correction, as XVS's technical analysis may be influenced by Bitcoin's movements. 🚨Exercise caution: Should XVS/BTC initiate a downturn alongside Bitcoin correction, consider exiting positions or implementing stop-loss orders for new entries. 🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
Long
by itsparham96
MINA/USDT Trading ScenarioBelow is the scenario of price movement for MINA. As a result of an extended period of accumulation of large positions at a price of $0.6862, participants have begun to initiate an upward price movement. After completing additional accumulation at around $1.3297, the asset is once again approaching the local maximum and resistance level at the price of $1.6908. We consider the possibility of conducting a deal on breaking through the local maximum at the price level of $1.6908 with the aim of consolidating above this level and subsequently continuing the upward trend of the asset's value.
by Rick_SimpleSwap
DOGE: Breakout Potential/ Long-Term Investment Considerations Accumulation Range Breakout: BINANCE:DOGEUSDT has successfully broken out of its previous accumulation range over the past few weeks. 🐃This breakout confirms a bullish trend reversal and indicates potential for further price appreciation.🐃 🍣Key Resistance Level and Consolidation: The price has reached a significant resistance level, leading to price consolidation and RSI reset. A successful breakout above this resistance level could propel the price towards the next weekly resistance at 0.3. 📊Volume and RSI Considerations: Adequate market volume is crucial to facilitate a breakout above the current resistance level. RSI approaching the overbought zone would indicate strong momentum and support the bullish case. 📈MID-Term Investment Potential: Based on higher targets, DOG could be a viable investment option if the overall market trend remains favorable. However, investors should exercise caution due to the inherent risks associated with cryptocurrency investments. 🔍📉Reversal and Ranging Scenarios: Rejection at the current resistance level and a breakdown of the RSI trendline could result in a price correction or extended consolidation. 🚫Investors should monitor these factors and adjust their strategies accordingly. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before investing.🚫
Long
by solinash1
📈GAL Weekly Analysis: Bullish Breakout Opportunities🛸👨‍🚀🔍In the weekly timeframe, GAL has broken its trend line and completed its first bullish leg, reacting to resistance at 3.904. 🕯The weekly candlestick is deemed reliable, indicating an influx of buyers into this coin. ⚡️Indicators such as SMA7 and SMA25 have crossed after breaking their respective trends, confirming the upward momentum. Currently, SMA7 is providing strong support for the price, with the last candlestick also offering significant price support. 🛒The optimal time for buying is during this candle, with the initial target set at 10.181, representing a potential 140% increase. 💥However, it's worth noting that the RSI has been in overbought territory for a prolonged period, suggesting a potential correction may be on the horizon. 📊The trading volume of the coin has remained relatively stable since its launch, providing limited insight. 📚Regarding the project itself, further research on Galexe can be conducted. Galexe serves as a community platform for various projects, offering infrastructure for new ventures. 🎈By incorporating this information, traders can make informed decisions regarding GAL investments. 🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
GLong
by itsparham96
BAT Weekly Analysis: Seizing Entry Opportunities🔍In the weekly timeframe, BAT has broken its trend line, with the trigger at 0.3159 confirming the breakout convincingly. The notable volume surge since early February 2024 suggests increasing interest from market whales and participants, likely indicating significant buy-side activity. ✅Additionally, the presence of a curvature line suggests a diminishing bearish trend, ultimately breaking the upward support, further bolstering the bullish sentiment. 🛒However, it's essential to acknowledge that the primary trend trigger rests at 0.4522. Although entering trades with the current candle presents an enticing opportunity, it also carries elevated risk, potentially exceeding acceptable loss thresholds. Nevertheless, capitalizing on the strength of this candle for buying purposes is a viable strategy. 🛑Setting a maximum of 1% capital allocation for trades without stop-loss and considering a range of 0.2 for stop-loss trades is advisable to manage risk effectively. 💥RSI resistance at 61.24 has been breached, confirming overbought conditions and supporting the bullish bias. 📰Fundamentally, BAT is the token associated with the Brave browser. Considering the browser's potential for growth, investing in its token could be lucrative. 🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
Long
by itsparham96
GMXUSDT Faces Retest of Weekly Resistance: Breakout or RejectionGMXUSDT is poised for a retest of a critical resistance level on the weekly chart at $59.3517. This resistance zone has been tested seven times on the daily chart, with the last two attempts accompanied by decent buying pressure. Technical Analysis: Resistance: $59.3517 (Weekly) Support: $40.1870 Volume: Increased buying pressure on recent touches of resistance Key Observations: GMXUSDT is approaching a crucial resistance level on the weekly chart. A breakout above this level could signal further upward momentum. The repeated tests on the daily chart, particularly with the recent buying pressure, suggest a potential upcoming breakout. If the price manages to overcome the resistance, the next resistance level on the daily chart is $71.745. Conversely, if the price fails to break above resistance, it could find support at $40.1870. Conclusion: The upcoming price action for GMXUSDT hinges on its ability to overcome the key weekly resistance level. A successful breakout could lead to a surge towards $71.745, while a rejection might trigger a pullback towards the $40.1870 support zone. This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Long
by behnoudt
INJUSDT Poised at All-Time High: Breakout or Breakdown LoomsINJUSDT is on the verge of a critical juncture, approaching its all-time high of $43.35 on the daily chart. The price has been consolidating recently, attempting to break above this resistance level four times. Technical Analysis: Resistance: $43.35 (All-Time High) Support: $32.23 Relative Strength Index (RSI): Supported at 50 Volume: Increasing volume coincides with attempts to break resistance Key Observations: INJUSDT is facing a significant hurdle at its all-time high. A breakout above this level could signal further upward momentum. The price has been consolidating recently, suggesting a potential period of indecision before the next directional move. The RSI remains at a neutral level (around 50), offering no clear directional bias. Increasing volume during the recent price attempts at the resistance level indicates strong buying pressure, potentially aiding a breakout. If the price fails to break above resistance, it could find support at $32.23. Conclusion: The upcoming move for INJUSDT hinges on its ability to overcome the all-time high resistance level. A successful breakout could lead to further gains, while a rejection might trigger a pullback towards the $32.23 support level. This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Long
by behnoudt
Magic Stalls at Resistance: Bearish RSI, Potential Retest LoMagic is on the cusp of a critical resistance level at $1.4973. While the price recently established a new high, a potential bearish signal is emerging from the Relative Strength Index (RSI). Technical Analysis: Resistance: $1.4973 Support: $1.2646 (Daily: $1.2613, Monthly: $1.0208) Relative Strength Index (RSI): Bearish Divergence (New price high, lower/same RSI level) Volume: Recent price test at $1.4973 coincided with decent buying pressure Key Observations: The RSI is indicating a bearish divergence. This suggests that the uptrend momentum might be weakening despite the recent price increase. A significant support level exists at $1.2646 if the price breaks below $1.4973. Additional support levels lie at $1.2613 (daily chart) and $1.0208 (monthly chart). If the price manages to overcome $1.4973, the next key resistance level on the monthly chart is $1.8231. Volume Analysis: The recent price test at $1.4973 was accompanied by decent buying pressure, but the price ultimately faced rejection. This suggests a potential struggle for the bulls to break through this resistance zone. Conclusion: The bearish divergence on the RSI, coupled with the price rejection at $1.4973 despite buying pressure, increases the chances of a pullback. Traders should closely monitor the price action around this resistance level. A break above could signal further gains towards $1.8231, while a break below could lead to a decline towards $1.2646 support, with additional support at $1.2613 (daily) and $1.0208 (monthly). This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Long
by behnoudt
📈DYDX: Is it finally breaking out?🔥🔔🔍DYDX is finally breaking out of its consolidation range after 672 days. The price is currently trading above the supply zone and is supported by a well-defined curve. This could be the start of a parabolic move. ✅The fixed range volume profile indicator shows that we have broken out of the high-volume zone and are ready to start moving. The SMA25 indicator is also confirming the move and is moving along with the price. 🛒The current candle is a good opportunity to buy spot. We can enter after the candle closes. The stop-loss should be placed at $2.5, which is the previous low and the POC of the fixed range volume profile. 🚀For targets, I am looking at $7.8 and then $23.7 (ATH). However, I will not place sell orders now. I will wait and see how the price reacts to these levels. 📊One positive thing about this coin is that the volume has increased significantly during the recent move. This shows that traders are paying more attention to this coin. 💥The RSI oscillator is also entering the overbought zone. This increases the chances of a parabolic move. However, with the high buying volume, we can expect this move to be upwards. 🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
1
ARB Nears All-Time High! Key Levels to WatchThe cryptocurrency ARB is getting close to its all-time high (ATH) of $2.1514 on the weekly chart! If the price breaks above this resistance level, it could signal further gains for the token. However, if the price can't break through , it could find support at $1.7156, which was the previous ATH. Technical Analysis: Resistance: $2.1514 Support: $1.7156 ✅ Relative Strength Index (RSI): 65 Moving Average Convergence Divergence (MACD): Bullish! Volume Analysis: The volume of ARB has been steadily increasing over the past few weeks, which is a bullish sign! This suggests that there's strong buying pressure behind the token. Conclusion: The technical and volume indicators for ARB are looking good, suggesting that the price could continue to rise in the near future. The information provided in this article is not intended as financial advice. Please do your own research before making any investment decisions.
Long
by behnoudt
1