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Volumeanalysis

TWLO - Bottom could be in (don't shoot me if wrong)TWLO has established a strong support zone around 62 - 68 as can be seen on the weekly chart. Weekly bullish divergence in it's RSI can be seen since June while the stock was meandering lower, eventually hitting into the long term support zone and we finally saw a good bounce off this zone on strong volume yesterday. There is a good chance that this zone will continue to act as the support (though never say never!). Those buying near this support could place a stop loss slightly below this zone. However there is a chance the stock could be choppy for a while and we might not see real momentum until it can trade a fair bit higher. Hence a more "conservative" trader would probably prefer to wait till it garners enough momentum to at least break above the near term neckline resistence before going long (by then we have the 20 MA firmly crossing above the 50MA). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:TWLOLong
by Juliac
SOXL reversal from bottom LONGAMEX:SOXL On a 30-minute chart SOXL, a triple leveraged bull ETF for semiconductors is now in an early uptrend. The semiconductor sector may be challenged but stable economics from its industrial customer bases may be steadily rising. The chart shows recent horizontal resistances from pivot points and an overlaid volume profile. For the long trade, I will set a stop loss for a 3% risk while setting targets of $15.85 , below the Fib 0.5 $ 16.8 below the top of the high volume area of the profile and final take profit at $21.3 just below the double top of August 5th and 12th. With tiered take profits, this looks to be about 30% upside overall with a very safe ratio of risk especially if the stop loss is raised above the entry on the first leg of the uptrend.
AMEX:SOXLLong
by AwesomeAvani
NZD/USD: Day Trading Analysis With Volume Profile On NZD/USD is nice to see strong buying reaction from the price 0.60800 , there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... S/R zone from the past + Downtrend + Strong volume area is my mainly reason for this long trade.... Happy trading Dale
by Trader_Dale
1
EOS/USDT BINANCE 4H 🎆HI All 🎀 This crypto currency prone to growth has registered a new support zone with its reaction to the $0.8 level. Also, with several hits to this level, it validated the validity of this support area, changed its nature and started its upward trend. As you can see, these higher floors that have been created show a red uptrend line. Using the Volume indicator, monitor the volumes entered into this growth-prone currency, which, if this currency is supported, the ability to reach the targets of $1.8, $1.95, $2.2 seems reasonable. Arztoday 👒
by arztoday
1
PDD - will it breakup soon?PDD had an earlier breakup of an Adam & Eve formation (@ neckline1) that subsequently failed. It is now approaching a more significant neckline (neckline2) and the earnings that is expected out soon could give a clue if the worst over and if the stock is on the way to propel higher, especially if it could continue to hold above the 200 day Moving Average. Let's see! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:PDD
by Juliac
1
Last stand for BTC BullsThere is a lack of a clear impulsive structure to the upside which makes it difficult to clearly say whether or not the price action is bullish or bearish . This is the only real bullish count that would pave the way for new all time highs. If we assume that ~17,500 was the bottom then we are looking at an impulse in minor 1 a complex correction in minor 2 and a three of three extension in wave ((i)) of 3. The price rejected at 24,666 which is the 1.618 of W in the bearish count so in order to consider this current move a wave 3 we would need to see that pivot get cleared. Price below 20,670 will invalidate the bullish impulse since wave (ii) will have retraced >100% of wave (i). It's important to note that the volumes are very low for a wave 3 which casts doubt on the bullish count.
COINBASE:BTCUSD
by HelioHelix
Rounded structure on BTC PA bearishWe have a little upward rounded structure on the BTC price action, accompanied by a downward rounded structure on Volume. Besides being a bearish divergence, rounded structures like this I have found to be especially reliable bearish indicators. The curve signals buying power is increasingly losing strength, reaching a plateau at the pricepoint where it flattens out at the top, where it opens the door for selling power taking the upper hand. For short-term traders a good opening for short positions, imo, as with the decrease in volume its hard to imagine a sudden buyers impulse at this point in the PA. **as im writing this, I see a drop in price is already playing out. Could consider this as a confirmation**
by mapav