<TradeVSA> Solid Support but is it Ready to Breakout ?Sign of Strength in the chart:
1. Shakeout completed
2. NS signal at support
3. Volume increasing with Bullish signal
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Volumespreadanalysis
AUD/USD Likely to fall!Hey tradomaniacs,
AUD/USD has tested the current trendline aswell as the previous support-zone which got flipped into a resistance.
Fakeout to the upside probably a trap for bulls, but colume has been weak so I`m cautious with this move.
Overall a great opportunity to follow the current trend.
Waht do you think?
<TradeVSA> Shakeout Completed in OVHSign of Strength in the chart:
1. Shakeout Pattern
2. Green Pentagon Bullish Signal
3. Healthy Pullback
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
ZOOM - Avoided -71% Losses by Following Long-Term TrendSign of Weakness in the chart:
1. Mark-Down Stages
2. Sign of Weakness with Bearish signal in Weekly chart
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
STNG - Uptrend Continue without DistributionSign of Strength in the chart:
1. Mark-up stage after Accumulation
2. Strong uptrend with Bullish Signal in weekly chart
3. Healthy Pullback in daily chart
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
OGNUSDT , DESCENDING TRIANGLE , WHAT'S NEXT ?Hello Traders!
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
- Checking OGN on 1D time frame chart is trading inside a descending triangle making lower highs while making equals lower lows , local S/R exist on 0.369$ price re-tested this zone suggestion that buying will take price higher from
there , we already faced a S&D pattern before ( RALLY DROP RALLY ) , local S/R is acting as a good zone for buyers we might see the price could consolidate before approaching to the next resistance level on 0.5201$
- It will be a trigger if buyers managed to break the upper trendline of the descending triangle , if not sellers will push the price again towards previous local S/R 0.3369$ and even lower towards strong support zone on 0.2000$ which act as an psychological support , meanwhile i will be monitoring BTC performance suggesting that it could trade lower towards 34k -30k levels , taking the Market cap down below.
Good Luck Traders.
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ADAUSDT 4HR WK #17
The strength of the retrace will give optimum buying opportunity and scalp. DWM pivot 2 key area where volatility increases.
Volume decrease+ vwap resistance (top chart heatmap) & decreasing momentum oscillator heatmap and trend squeeze. Expecting Thursday LONG LIQS IF PRICE CONTINUES WITH NO RETRACE
JICPT| CNH may weaken against USD with key support of 6.36! Hello everyone. It's been one months since I published an idea titled 'USDCNH testing policy bottom of Chinese Government'. Definitely, 6.35 is policy bottom which explained clear in the related idea below.
However, it kept going down until it touched 6.30. It was very interesting to observe the huge volume . I suspected government intervened as whole figure really mattered. 6.29ish is totally different from 6.30. Coincidentally, that was the day Putin announced military operation in Ukraine.
In the following days, I also noticed two abnormal volume with one thin candle and one thick candle respectively. Then, Chinese mainland market as well as Hong Kong market tumbled with CNH quickly weakened against USD. I don't think government stepped in this time. Short sellers were likely to jump in.
Did the downtrend channel got firmly violated? Not at all. The key support is 6.36. If it holds well, the pair may go sideways before forming another leg to conquer the trouble channel. If it failed, the pair is likely to seek support around 6.3250.
I think the weak CNH benefit China's economy. Of course, the government will also take into the account of the internalization of the currency. The strong CNH helps.
Everything has two sides. Let's see where it's going. My personal view is that the pair is likely to go back to 6.50 within the next two quarters .
What do you think?
BTC SHORT TERM DOWNTREND???BTC failed to break middle of gann box from the middle of the trade.
Gann box is veryy good tool used for entries on downtrends( when there isnt much supply or demand zones)
Everything above the middle of it is considered espensive and everything below is considered good to buy.
They should be used with trend and current trend for last few days was bearish so it confirms the move i think btc will go to.
Also zone on 1d timeframe that caused higher high wasnt reached(1d demand zone on chart) 37.5-39k area and is most likely to be tested.
After it gets tested uptrend may continue and maybe even bullrun.
All this is also confirmed on USDT.D chart which you can look more about here.
BTC VOLUME IS VERY LOW THESE DAYS SO YOU SHOULD BE AWARE THAT IT CAN HAVE SOME LIQIDUATION WICK
SPX500 lilely to FALL!Hey tradomaniacs,
previous breakout-zone got re-tested and market-depth is showing baosrption in form of iceberg-orders. Very strong aggressive buyers are getting absorbed by sell-limit-orders which are getting reloaded over and over again.
So far a good sign for a continuation to the downside as big players seem to distribute volume.
Also technically a great chance to go short!
What do you think?