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Volumeclimax

USDJPY Local S/R| .382 Fibonacci| Untapped Liquidity| 200 MA Evening Traders, Today’s analysis – USDJPY- trading below Local S/R where a bearish retest is probable, Points to consider, - Price Action Impulsive - Local S/R Resistance (.382 Fibonacci Confluence) - Untapped Liquidity Target - Valid Volume Climax USDJPY’s immediate price action is impulsive under Local S/R, this allows us to have a bearish bias on the market. The Local S/R is in confluence with the .382 Fibonacci, a back test here is probable allowing for a short entry. Untapped liquidity being the target, respecting this area is critical, failure will increase further bearish targets. There is a valid volume climax at play, price action follow through is needed with sustained volume from the bull side. Overall, in my opinion, USDJPY 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, “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
Short
by AzizKhanZamani
GBPUSD Weekly S/R| 200DMA| .50 Fibonacci| Local S/R Evening Traders, Second Analysis – GBPUSD- testing Weekly S/R that has technical confluence, a bounce here is probable. Points to consider, - Impulsive Price Action - Weekly S/R (Support) - .50 Fibonacci (Resistance) - Stochastics Buy Cross - Evident volume Climax GBPUSD’s immediate Price Action has been impulsive to the downside, currently testing a key Weekly S/R, a strong support that has confluence with the 200 DMA and the .618 Fibonacci. This added confluence increases the probability of a bounce. The .50 Fibonacci is immediate resistance; price is likely to test this level with a reaction. The Stochastics has a valid buy cross in over-extended conditions along with the RSI. A reversion to their mean is probable; this will coincide with a bounce in Price. A volume climax node is evident; this usually indicates a temporary bottom as price finds its equilibrium. Overall, in my opinion, GBPUSD is a valid long with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
Long
by AzizKhanZamani
1
VETUSDT | Double Top | S/R Flip | Volume Climax Todays Analysis – VETUSDT – Ranging within support and resistance Points to consider: - Weekly resistance - S/R Flip - .382 Fibonacci Retracement - 21 EMA (visual guide) - Volume Climax - Oscillators Neutral VETUSDT is consolidating within structural support and double top resistance after putting in a successful S/R flip re-test. A long trade will be validated upon body candle closes above weekly resistance or a short trade upon body candle closes below structural support. The .382 Fibonacci retracement acting as support in confluence with structural support needs to hold for a bullish continuation. Price action respecting the 21 EMA as it breaks in either direction will act as a visual guide, assisting in trade management. VeChains recent volume climax as it broke above resistance levels is indicative of buyer exhaustion as price balances supply and demand. The current volume is below average, a sustained increase in volume will allow for decisive price action in either direction avoiding any false breaks. Oscillators are neutral, further price development will allow for directional bias. Overall, in my opinion, further price development is needed and a break in either direction supported by volume validates a trade. What are your thoughts? If you’ve read this far, I’d like to thank you for following my work and development as a trader! As always, Focus on you, and the money will too!
by Kudiiee
IOSTUSDT | S/R Flip | Volume Climax | .618 Fibonacci Todays analysis - IOSTUSDT – retracing after a strong breakthrough structural resistance. Points to consider: - S/R flip Re-test - Support confluence - 55 EMA – visual guide - Volume climax - Oscillators overextended IOST is likely to retrace back to structural resistance after a bullish pattern break, S/R flip needs to hold for a valid long trade. Structural support in confluence with .618 Fibonacci retracement further solidifies the true trade location. IOST trading above the 55 Exponential Moving Average, acting as a visual guide, price must hold on retest to support the bullish bias. Volume climax evident, indication of buyer exhaustion, temporary top may be in as price finds its equilibrium before another probable impulse move. Both, the RSI and Stochastics trading in overextended conditions, a retrace in price will allow oscillators to cool off, creating space for further bullish momentum. Overall, in my opinion, a long trade is validated on a successful S/R flip re-test. What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always - focus on you, and the money will too!
Long
by Kudiiee
LINKUSDT Watch Price Action | Range Median| Local Support Evening Traders, Today’s Analysis – LINKUSDT – clear break out failure, trading back into its range most likely to form an equilibrium, how price action forms will dictate the next probable move Points to consider, - Overthrow failure - Demand zone respected - PA Consolidation - Range trading (local support and range median) - Volume climax Price recently had an impulse move down confirming a break out failure at a key level. Sell pressure pushed price into demand zone where the bulls showed up, subsequent oversold bounce. The current trading range is between Local support and range median, key trade locations upon a break. Price action will be important to monitor at these levels subsequently with the RSI and Stochastics, which are quite neutral at current given time, needs more development. Volume climax evident, indication of seller exhaustion as price balances supply and demand Overall in my opinion, LINKUST may forma equilibrium before its next impulse move, the way price action forms at key levels will determine a directional bias. What are your thoughts? Please leave a like and comment, And remember, “You create your own game in your mind based on your beliefs, intents, perception and rules.” ― Mark Douglas
by AzizKhanZamani
4
BTCUSDT Head and Shoulders|Volume Climax|Neck Line Retest Entry Evening Traders, Today’s technical analysis – BTCUSDT – breaking its heads and shoulders pattern with a technical target situated at around $6100. Points to consider, - Trend Bearish (Neckline breached) - Rising Wedge broke with a retest - Structural support holding true - RSI below 50 (Not officially oversold) - Stochastics below 50 (Sell pressure evident) - Volume climax node evident BTCUSDT has broken its neckline with conviction confirming the head and shoulders pattern, a retest is likely for a short entry. The macro rising wedge support line broke with a bearish retest, putting in BTC’s right shoulder and continuing the overall lower high projection. Structural support is currently holding true, a retracement back to the neckline is probable which is in confluence with the .382 Fibonacci. The RSI is below 50 but not oversold, recovery is probable as price is testing a key support. The stochastics on the other hand is also below 50. Sell pressure is still evident and there is momentum stored to the downside. An evident volume climax node has been printed, sign that a temporary bottom may be in, price is trying to find its equilibrium before another probable impulse move. Overall, in my opinion, the macro trend is bearish; BTC just broke out of a bearish pattern, the head and shoulders. Retest and confirmation of the neckline is on the cards which will allow for a short entry. What are your thoughts? Please leave a like and comment, And remember, “If I hadn’t made money some of the time I might have acquired market wisdom quicker.” Jesse Livermore
Short
by AzizKhanZamani
3
LINKBTC Bearish Divergence| Structural Support| .618 Fibonacci Evening Traders! Today’s technical analysis will focus on LINK’s blue sky breakout that currently has a probable bearish divergence at play. Points to consider, - True blue sky breakout - Structural support (S/R flip) confirmed - .618 Fibonacci in confluence - RSI diverging from price - Volume nodes below average LINKBTC has been in price discovery mode where there is no established resistance; this can be reflected by the VPVR. The structural support has been tested confirming the S/R Flip. This level is also in confluence with the .618 Fibonacci – only if current local top is in. RSI is diverging from price, putting in a lower high whilst the price puts in a higher low; this is a sign of topping out. The stochastics in currently projected downwards with lots of stored momentum. The current volume nodes are below average after initial impulses, signalling a potential climax in buying. Overall, in my opinion, LINKBTC may have put in a potential local top; a retrace to the .382 Fibonacci is the next logical target. If this level fails to hold, then a second retest of structural support comes in at play. 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
by AzizKhanZamani
3
NEOBTC Trend Change| Pennant Formation| New Higher Low!Hello Traders! Today’s chart update will be on NEOBTC after having a massive bull break from local lows, NEO is currently are trading in an equilibrium coming into its apex of this pennant. Will NEO put in a new higher low before continuing this new trend? Points to consider, - Trend broke lower low structure - Local support in confluence with .618 Fibonacci - Local resistance is where price topped out - RSI trading in overbought territory - Stochastics currently flat - EMA’s turned bullish from initial break - Volume declining The structure of NEO has completely changed with this recent pump, negating the bearish trend of lower lows. Multiple resistance levels have been broken leaving the price consolidating looking to correct, which will be healthy for the price as this will put in a local higher low. Local support is in confluence with the .618 Fibonacci level, price is highly probable to retrace to this level if a bear break comes to fruition from the pennant. Local resistance however is where price topped out from the initial bull break. This is an important area for the bulls to break in the next impulse move up to confirm the bull trend. The RSI is currently overbought, a correction in the price back to the .618 Fibonacci level will cool this indicator off, back to neutral territory. The stochastics however is quite flat, no clear direction until we have a decisive break from the pennant. EMA’s are currently bullish but is yet to meet price, it must hold price as support to confirm a bull break from this pennant. Volume is key to watch as it is rapidly declining, this signals that a break is imminent in either direction, which will be confirmed with an influx of bull and or bearish volume. Overall, In My Opinion, we have a clear equilibrium forming, trading close to its apex. A break is imminent which has to be back with strong volume as it is visibly declining. A retracement back to the .618 Fibonacci is probable and will be very healthy for the trend; this will allow NEO to put in a new higher low as well as cool of indicators such as the RSI. What are your thoughts on NEO? Please Leave a like and comment, And remember, “You can lose your opinion of you can lose your money.” – Adam Grimes
Short
by AzizKhanZamani
BTCUSD Important Resistance Area! Bears vs Bulls!Hello Traders! Update on BTC recent price movements from yesterday! Will bulls push though current resistance or will bears take over at this given point? Points to consider - Head and Shoulders pattern will be negated if bulls break resistance with volume - 4hr bullish divergence has held true! - Currently inside bars forming on 240 timeframe - Volume has dropped of drastically - RSI is in overbought territory - Stoch’s overextended on upwards momentum - Volume Climax - EMA’s yet to reach price BTC has had an impressive move upwards from strong local support; now currently testing an important resistant area. Bulls have the potential of pushing price over resistance thus totally negating the potential head and shoulders pattern. (Not a pretty Head and Shoulders one must say) The 4 hour bullish divergence gave bulls an edge to push price to resistance, however volume has drastically decreased since testing this area (currently forming inside bars, yet to break), bulls may be well be out of steam. The RSI is currently in overbought territory and needs to cool off on a technical point of view. The Stochastics’ is now turning, showing us possible downwards momentum being more likely. We are yet to see how price will react once the EMA’s come to fruition, it may hold support, but this would be weak as other indicators are looking quite bearish… What are your thoughts? Will price turn bearish from this resistance, or will it consolidate before bulls takeover again? Please leave a like and comment And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
BYBIT:BTCUSD.PShort
by AzizKhanZamani
2