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Volumeprofileanalysis

ADA/USDT Trading ScenarioBelow is the price movement scenario for ADA. After significant consolidation of the asset in the price range between the support level at $0.2327 and the resistance level at $0.4582, an impulsive breakout of the resistance level at $0.4582 occurred at the end of 2023. This caused a subsequent establishment of a local maximum at $0.6883. Despite the overall positive trend in the cryptocurrency market and steady growth of BTC, the asset experienced a correction, dropping by more than 30% and testing the broken level of $0.4582. This was followed by an attempt to rebound; however, from the volume profile perspective, the asset encountered volume resistance. We expect further development of the scenario for acquiring the asset. In case of a decrease in the asset's price and subsequent retesting of the resistance level at $0.4582, as well as holding this level, together with the shift of the global POC to this mark, we will begin to form positions with further holding.
by Rick_SimpleSwap
Novavax- NVAX- Medical Technology Vaccine Focused LONGNVAX on the 15 minute chart has been compressing price action volatility into a symmetrical triangle. It in now in a breakout of the triangle and in the process when from undervalued on Monday to the upper trendline and then down to the support trendline and then up again. It passed through the volume profile and its high volume area. In short, it has bullish momentum capped off with a breakout from the high volume area into a bullflag to rest the weekend. I am in this stock going and now is an opportunity to add to the position. If a trader wants to know what I consider to be targets upside, let me know. Medical technology is expected to be among the hottest of subsectors for 2024. NVAX has been beaten down. I believe it has significant upside for the long term. in the short term, earnings are expected on February 28th so this is a trade to consider on that run up. Call options for March 2 or March 16 can be considered.
NASDAQ:NVAX
by AwesomeAvani
BOIL 3X / Triple Leveraged Natural Gas ETFon the 4H chart is showing a round bottom reversal at the bottom of the high voume area and rose over the POC line of the intermediate-term voume profile. Price now has room for a 50% move to the top of the high volume area at $ 52. The chart shows the relative volume indicator supports a long buy as does the dual time frame RSI. A speculative call option trade would be $60 in 4 months while a safer call option would be in the money @ $30 in 7-9 weeks. I am also looking at UNG, LNG and XNGUSD on forex.
AMEX:BOIL
by AwesomeAvani
4
UNI/USDT - Long and Short PlaysNot really sure about this one, as I'm expecting BTC to do a fat ABC retrace after the Elliott Wave that recently finished playing-out (see last two posts) - If BTC does retrace, ALTs should follow. Ignoring all timings. I'm only focusing on the Elliott Wave counts and any confluence. For UNI/USDT, I've got 3 x Elliott Waves to give me short, medium and long terms plays in both long and short directions. Red EW- Long term (1D). Blue EW - Medium term (4h). White EW - Short term (1h). Short term - White EW Assuming we've already bounced off the white wave-4, I'm now looking for price to tap wave-5 @ 2.618. However, if wave-4 hasn't hit yet, price could first come down as low as the white wave-1 peak. Medium term - Blue EW After the blue wave-3 gets tapped @ 1.618, we should retrace to create wave-4. This could be as low as the blue wave-1 peak. Once wave-4 is complete, we should head up to wave-5 @ 2.618. Blue wave-5 also aligns with the Point of Control (POC) on my Volume Profile. Long term - Red EW After we retrace from Red wave-1 to wave-2, price should back head up to the red wave-3 range @ 1.618. I think UNI will top at the red wave-5 range @ 2.618. Red wave-5 also aligns with the Value Area High (VAH) on my Volume Profile. I put a fib extension on my Volume Profile: Red wave-3 taps the Volume Profile's 1.618. Red wave-5 taps the Volume Profile's 2.618. Let's see...
Long
by dimuthj
GRPN on a one month breakout LONGThis is to follow up my previous idea on Groupon. On the 2H chart, price is in a one month sustained breakout from the volume profile and into the upper VWAP band lines both anchored for end of 2023. The faster green RSI line crossed the 50 about the same time and basically has not looked down. The slower RSI line has slowly risen from 55 to 65. This is in the consumer discretionary sector and hot necessarily hinged to technology stocks. I see this as rock-solid as it gets. I will load more shares now and also load more ona dip There was a big earnings miss in November and then Goldman Sachs raised its target from 5 to 7.5 which seems like a big adjustment after an earnings miss. I suppose GS knows their stuff.
NASDAQ:GRPNLong
by AwesomeAvani
FXS/USDT Speculative TradingBelow is a speculative deal on FXS/USDT. After the consolidation period, the asset has begun to demonstrate an upward trend, showing a strengthening of its position in the market. During this period, the asset's price bounced off the inclined support level three times, indicating strong buyer interest at this level. As of writing, there is a consolidation phase around the Point of Control level, which may be a sign of a temporary slowdown and accumulation of positions for further movement. At the same time, a clear support level has formed at the price of $10.916, which has already been approached three times. Such price movements can provide opportunities to enter the market. At the current prices, there is a possibility of buying the asset with subsequent holding of the position in anticipation of overcoming the resistance level at $10.916 and further movement towards the $12.416 mark. The expected growth will be more than 30%. If the trend strength and positive market dynamics are maintained, we plan to hold part of the position for further participation in the movement.
Long
by Rick_SimpleSwap
Elliott Wave Analysis with Volume Profiles and Open InterestMYROAnalysis. eliott wave: the price action conforms to elliot wave theory, suggesting a potential bullish move with the completion of wave 5. volume profile (January 38th - february 3rd) the initial volume profile indicates that the price has previosly visted the point of control (poc), and it appears to be retracing towwards the upper 70% line, which could serve as oyr TP3. Volume profile (february 2nd-february 19th): the subsequent volume profile suggest that the ptice is finding support around the 70% line, this support level has also acted as resistance in previous instances. Openinterest: there is a bullish and green candle observed in the open interest data, indicatng potential bullish sentiment.
Long
by ispatialresources
5
LABU / LABD Ratio Anchored VWAP over /under LABU LONGOn the weekly chart a LABU / LABD ratio is plotted with anchored VWAP bands and a volume profile overlaid. I wanted to analyze this to affirm the highest of prospects for the Biotechnology sector for 2024. LABU is triple leveraged Up while LABD is the inverse Down. A good unleveraged biotech ETF is XBI. The chart shows LABU in a VWAP band and breakout through the hohg volume area and then over it beginning early November. Unusually high relative volume and volatility ramped up about the same time. I readily conclude that LABU is the buy right now with the ratio rising. It is a low beat ETF with good range due to the leveraging and high forecasts for 2024. I will make buys on LABU at regular intervals on a 60-120 minute time frame looking for the weekly lows. I will set an alert for a falling ratio on the 3H to daily chart to assess should the supertrend fade. I believe that this will be a safe low risk swing long trade.
AMEX:LABULong
by AwesomeAvani
ROKU runs to Earnings ROKU on the 15- minute chart with an overlaid volume profile and anchored VWAP bands demonstrates a high volume area breakout on Tuesday last week having passed through the entire high volume area bottom to top the previous 24 hours. On those days it had a burst of volume. The volume is constant and consistent. Earnings are in two days. More volume spiking has been seen in the last trading session. I see this as an excellent long trade setup as a swing trade for the rest of the week into next if the earnings are better than they were last November
NASDAQ:ROKULong
by AwesomeAvani
Could TSLA short squeeze? LONGI have had two TSLA puts that have performed well. One was liquidated today to buy a call optio. I may do the same thing to finish out the trading week. TSLA for one reason or another while Musk announced he wants more shares from the board and pricing was modified in Europe has stabilized its price in the market over the past 3-4 trading days. Price is sitting one the support of a POC line from the intermediate past trading sessions. Given the volatility and volume that TSPA commands, it is possible a short squeeze could set up as shorts buy to cover having seen the consolidation at the bottom. New buyers may see and entry and synergy might make for a decent uptrend. Time will tell. I am a flip-flopper here but I see good reason to go long on TSLA at this time. I have drawn in some horizontal pivots as reference points and will take partials along the way.
NASDAQ:TSLALong
by AwesomeAvani
CHEF rises in price and volume for earnings LONGChef's Warehouse reports in two days. This is a slow grind it out type of stock. In the past week volume spiking is seen on the indicator with the blue bars pointing out aberrancies in volume otherwise called spikes. On the volume profile, CHEF fell down and out of the high volume area of the profile for much of February but on Thursday the 8th re-entered it and pass through it and breaking above it all in the same day. This is a rather explosive reversal pattern. Price has maintain itself above the area in the past two trading session. The past week saw more than a 6% rise for CHEF. This trade is best suited for investors, patient swing traders or those trading options. This is not an intraday stock trade.
NASDAQ:CHEFLong
by AwesomeAvani
Groupon is pushing into earnings LONGGRPN on the 15 minute chart here with a volume profile overlaid hada high volume area breakout from mid December to mid January but then retraced and broke down. It consolidated for one week about the POC line gained some accumulation and then moved back up again. It broke above the high volume area on January 25th then retested it with a light touch on Feb 5th getting support in the rejection. The relative volume has picked up consistent with Wychoff theory ( this is not a fakeout). I see this as an excellent long trade through the upcomng earnings. The dual time frame RSI indicator can be useful to gauge strength minute by minute and so pinpoint entries and exits.
NASDAQ:GRPNLong
by AwesomeAvani
1
HE - get it long before the sparks flyHE is obviously an underdog given what happened in Maui and the aftermath of the disaster. It has that baggage and the ankle weights of litigation public perceptions, electical power infrastructure and all the rest. Seemingly it is weathering the storm. The 15 minute chart shows a ranging price action really going no where until last Friday when volatility struck from a surge of volume. Price jumped out of the high volume area and volume has persisted and so the high volume area widened. The fast RSI in green moved in quick momentum as compared with the slower RSI in red. This is a golden cross of the lines showing a surge of strength. I will take this long. The earnings announce BMO. The make the past possible trade it must be done in the premarket and without a stop loss since my broker does not offer them in the premarket. An options trade will be after earnings depending on what is reported. This is a risky trade so the position will be small relative to buying power.
NYSE:HELong
by AwesomeAvani
Can FSR move higher? LONGFSR on the one hour chart fell from a triple top in mid July into the lower range of the volume profile's high volume area then bounced higher in a series of higher highs but then rolled over and fell again/ It has consolidated sideways about that POC line and now is above it. The indicators including Directional Index Zero Lag MACD and dual time frame RSI all indicate a return to bullish momentum. I will take a long trade the horizontal levels on the chart served as tiered targets for a risk managed trade. I will take some call options contracts as well. I think FSR may follow the market leader in TSLA for a bit.
FLong
by AwesomeAvani
Potential bull flag on ASX futures (SPI 200)The ASX 200 cash market rose for a second day, although the SPI 200 futures closed flat with a potential bullish pinbar on the daily chart. The 1-hour chart also shows a potential bull flag, which projects a target around 7640 (or the Feb 2nd overnight VPOC - volume point of control). For today, bulls could seek pullbacks towards 7580 - 7587 (overnight VPOC) in anticipation of a break higher. Or wait for the break to enter long. Upside targets include 7600, 7614 (cycle high), and 7640 / 100% projection.
ASX24:AP1!Long
by CityIndex
TRX/USDT Trading Scenario: TRX Accumulation We are considering the scenarios of TRX development and initiating purchases of the asset. Since March 2023, the asset has demonstrated a noticeable upward trend. It surpassed the 200-day moving average level, which is a strong indicator. TRX’s price has increased by more than 120% since reaching the $0.12367 mark. This indicates significant attractiveness of the asset during this period. It is also worth noting that while the price of BTC is decreasing, this asset continues to show stable growth. This may indicate its strong position and potential for further growth, despite the overall market direction. However, given the current market scenario, there is a possibility of a correction in the price of the asset along with the overall market movement. We are considering the possibility of entering a position on the TRX correction. We plan to start accumulating a position when the price reaches around $0.10528 and consolidates above this level. If the price declines to the sloping trendline at approximately $0.09689, we might also consider adding to the position. This approach is based on the desire to enter a position at an optimal level that will support our risk management strategy and increase the potential profitability of the trade.
by Rick_SimpleSwap
TSLA Short / Put Options Recap Volume Profile Strategy SHORTTSLA is shown here on a 30-minute chart. Utilizing only a volume profile indicator and stray fundamental related news, TSLA was watched for a short entry in consideration of the antics of its CEO and the price cuts in Europe coupled with the challenges of NIO, XPEV and BYD in China and China's recession I opted to look for a short entry. Analysis, trade entry and trade management and trade close are on the chart in a text box. This idea and recap of TSLA short shows the utility of volume profile analysis in making a very profitable short trade on TSLA which uses a precise entry after confirmation and the same for the exit. As such, this also makes possible very profitable options trades with near-term expirations to optimize the value of thorough analysis before the trade combined with a tight entry and good follow through to make for high profit with less risk. Using TVs alerts and notifications this trade was managed with little screen time making for a high profit yield per hour of effort. Rinse and repeat as they say.....
NASDAQ:TSLALong
by AwesomeAvani
1
XRP/USDT Investment OpportunityWe are considering an investment position in XRP. After a explosive growth of over 98% in a single day in July 2023, the asset's price reached $0.9378. This was followed by a swift return to pre-spike levels, then a jump from $0.4597 to $0.7490, resulting in a significant increase of over 60%. Currently, the price has returned to the reversal zone, representing the upper boundary of a long consolidation period that lasted for a whole year. During this consolidation period, there was high trading volume, indicating significant attention and activity from large market participants. In light of the current market dynamics, we are analyzing the possibility of acquiring the asset within the consolidation range for long-term holding. In case of further price declines, we also consider additional purchases of XRP, complementing our portfolio in line with current trends and prospects. This strategic decision aims to capitalize on potential growth opportunities and ensure portfolio stability amidst market volatility.
by Rick_SimpleSwap
USO ( Oil Futures ETF) Swing Trade Review LONGThe idea was that while US Oil is not directly affected by the tensions in the Middle East as most of it is domestic consumption, what portion of it that is exported does not go through the Suez Canal but rather across the Pacific to Asia mostly. The idea was expanded by no matter that, the Middle East quagmire affects global oil prices all intertwined. The China recession is a drag on oil prices as is Russian sales below market but no matter the shipping costs have gone up and so also the price of what is being shipped. The 30-minute chart shows the trades based on the premise of a volume profile with the evolving high volume area between the blue lines and price simply a black line. As the price is supported by the lower black line and resisted by the upper black line and the price is expected to rise, the trade plan was to "buy low" when the price dropped to the lower black line with two lots of shares. When the price rose to the upper black line sell one of those lots and run the other to gradually acquire more shares and average up. A high-volume area breakout 3 days ago was also used as a buy signal. As of the present, the trade is carrying five lots of 10 shares each. Profit has been pulled out in partials each time a lot has been sold at a red down arrow. The trade close signal will be from the RSI indicator when the fast RSI line in green goes under the slower red RSI line. Upon closure, the profits will be redeployed by shorting USO using a similar strategy: short selling at the top of the high volume area two lots of shares and buying to cover one lot at the bottom of the high-volume area. Although this trade is a slow-moving swing trade used for disciplined and deliberate trading, it is very low risk with moderate profit and for the most part is risk-free because the entry points are relatively precise especially if using a shorter time frame than the 30 minutes here.
AMEX:USOLong
by AwesomeAvani
1
TMV Triple Inverse Treasury Bill ETF LONGTMV on the 4H chart appears to be reversing a trend down since 12/28. YTD it is rising. The reasonable target is the Fib 0.5 retracement at $40 while support for a stop loss just below the POC line of the volume profile is $29.25. As such this is a 35% upside. The RSI indicator shows the fast RSI rising and crossing over the slower RSI while the relative volume indicator shows increasing volumes reacting to the price bottoming and accumulation underway. I see this as a long trade set up while recognizing that fundamentals such as interest rate adjustments and inflation data could impact the technicals.
AMEX:TMVLong
by AwesomeAvani
UROY Uranium finance lease mining play LONGUROY does royalties foe uranium mining ore to refined et cetera. On the 60 minute chart, it has been on fire this week picking up 30% in market cap showing explosive volumes at 5X and sustained. The past two days have been rest and recuperation in consolidation. The zero-lag MACD suggests there is more upside in the near term with a line cross under a histogram rising from zero. The advanced RSI indicator shows a relative strength pullback from 80ish to about 65 and surprisingly the linear regression lines suggest an oversold state at present. I will take a long position here which may be risky at nearly 2 standard deviations above a rising mean VWAP and extended from the POC line of the volume profile but the supertrend indicator is showing a stepped rise and that is good enough for me. I have a new position in UEC a penny energy stock in the uranium subsector.
NASDAQ:UROYLong
by AwesomeAvani
5