BTCUSDBuyers repeatedly tried to push the price above $100,000.
The local maximum is $99,450.
The nearest key support zone comes in between $95,900 and $96,600.
While the price is moving above this zone, the primary scenario is continued growth.
The intermediate growth target is $102,000 - $102,757.
Further, we can assume based on the price reaction.
Below $94,300, this analysis is not current.
✍️It is important to note that the above post is general information and cannot be taken as specific investment advice. All investments involve high risk, especially in the volatile cryptocurrency markets. A thorough market analysis and consideration of one's own risk tolerance is essential when making any investment decision!
Volume
BTCUSDT. Daily and 4 hour TF analysisHey traders and investors!
Daily Timeframe Analysis
The price of Bitcoin is in a range on the daily timeframe. The lower boundary is 90,500, and the upper boundary is 108,353 (more details in previous reviews).
The seller's vector 3-4 stopped at the level of 92,232.54. The key bar in the seller's vector (the bar with the highest volume) is the bar from December 19. At the beginning of the seller's vector, a seller's zone was formed with a lower boundary of 103,333 (red rectangle on the chart), and this zone has not yet been tested by the buyer on the daily timeframe. This means there is a high probability of the seller resuming from this zone.
The buyer's vector 4-5 started to develop on December 20, and on December 21, the seller resumed from the key bar of the seller's vector, forming the test level of the key bar of the seller's vector at 99,540.61. Then, the price interacted with the test level, and yesterday, December 26, the seller resumed again. The potential target for the seller could be 92,232.54.
4H Timeframe Analysis
On the 4-hour timeframe, the price is also in a range with similar boundaries to the daily timeframe: the lower boundary is 90,500, and the upper boundary is 108,353.
The seller's vector 13-14 reached the required target, and the buyer's vector 14-15 began to develop with a potential target of 102,800.11.
Summary:
On the weekly timeframe (see previous reviews), there is a long trend. The priority is buying.
On the daily and 4-hour timeframes, there are ranges. It is a priority to look for buys at the bottom of the range and sells at the top.
It is interesting to look for buying opportunities (buy patterns) after the price interacts with 92,232 or 90,500. The potential target is 102,800 (103,333).
I wish you profitable trades.
Support and resistance levels that workAfter reading this article you will understand why levels are formed, how to identify them on the chart and how to make trades in different market conditions. You will also understand where the price of BINANCE:BTCUSDT BTCUSDT is more likely to go and why.
What are support and resistance levels
Support and resistance levels are areas where big players take positions and then defend them. In these areas, the price can turn around and go in a different direction.
Support: An area where large buyers find the price attractive and begin to accumulate the asset.
Resistance: An area where large sellers find the price overvalued and begin to sell the asset.
Levels are not lines but zones, because large players cannot accumulate large positions at one price, they operate in a range. Zones of levels should be marked on the chart with a reserve for the areas where traders place stops (after their removal it is possible to return behind the level, i.e. a false breakdown).
There are cases when the price stops several times on one line, but these are not levels, but crowd traps.
Why support and resistance levels are important
1. Determining where to look for entry and exit.
2. Placing a stop loss behind the level in a protected zone.
3. Evaluating potential profits. For example, buying from support, you might place take profit in front of a resistance zone.
The market moves from support to resistance, from buyers' stops to sellers' stops, from overbought to oversold.
How to find levels on a chart
1. Price reversals
When the price reverses in a certain zone with increased volume, this zone becomes a potential support or resistance. Even if there is no volume in the zone, it is important to consider such reversals (there may be no volume if there is no reaction from the other side, no buyer-seller fight).
2. Dense accumulations (consolidations)
A long stay of the price in a range, especially if it is accompanied by increased volume, indicates the presence of a struggle in this zone between buyers and sellers. When the price moves out of this area, this area becomes support on the way up or resistance on the way down.
3. Mirror levels
These levels alternate between support and resistance. For example, a level that was previously a support can become a resistance after a breakout and vice versa.
4. High volume zones without price reversal
If there was high volume in the zone and the price went up or down quickly, you should expect a reaction when you approach the zone again.
5. Long volatile candlesticks with increased volume (gaps)
Such candlesticks can be a sign of activity from a large player. If after a long candlestick with high volume, the price returns to it, such a candlestick can become a level from which the price will react.
6. Levels on round price values
Round values such as 100, 150, 200 often become support or resistance levels. These are so-called psychological levels where traders and big players tend to place their orders.
Factors reinforcing the level:
1. Time frame. Strong levels are formed on the older timeframes day, 4 hours. Big players work on them and such levels are more reliable.
2. Volumes. The presence of high volumes in the zone of the level confirms its importance. If there are no volumes, the level may be less reliable.
3. Buyers and sellers fight. A strong level occurs when the price consolidates for a long time and then there is an exit with increasing volumes. This indicates that one side, buyers or sellers, has gained the upper hand.
4. Taking out stops. The formation of a strong level is often preceded by a false breakout, which knocks out the stops and increases its importance.
5. Psychology. Round values such as 100, 150, 200 are often strong levels due to their psychological influence on market participants.
How to trade with levels
1. Levels of older time frames are more important. Always start your analysis with the weekly and daily charts, then move to the hourly and minute timeframes.
Note : On illiquid assets, you should only use the senior timeframes day, 4 hours to determine levels, smaller timeframes often look chaotic.
2. The trend determines the priority.
In an uptrend, support areas will be important, resistance areas will be weak.
In a downtrend, support areas will be important resistance areas will be weak.
In a sideways trend, both zones are equally important.
3. When trading intraday , pay attention to more recently formed zones, they have more weight. For example, in the case of an impulsive trend, hourly levels may not have time to form, so 5M levels become important.
Note : The slope angle of the trend and the speed of the trend are very important in determining the levels, because the stronger the trend, the weaker the zones of the opposite direction.
4. In the case of impulsive trends , where the price moves quickly and virtually without pullbacks, you can use junior timeframes, such as 5 minutes, to find local support and resistance zones and enter a trade on the trend. This is important because hourly levels on such trends do not have time to form due to the high speed of price movement.
5. In a declining trend you can even trade against the trend (as in a sideways trend). The fact that the trend is fading can be determined by how the highs (in an uptrend) and lows (in a downtrend) are updated with great difficulty and small values. Divergences can also indicate that the trend is weakening.
Errors when working with levels
1. Blind trading from levels. Never enter a trade just because the price has approached a level. Always look for confirmation: price reaction, volume, etc.
2. Ignoring older timeframes. Levels on older timeframes always carry more weight.
3. Stick to a single point. Levels are zones, not specific prices.
4. Misidentifying the zone. Do not mark too narrow zones, remember that big players work in a range.
Selecting assets for trading
The selection of interesting assets should be based on the following criteria:
Presence of a strong trend.
The price is in correction and close to the level.
High liquidity of the asset.
Assets that are not suitable for trading at the moment:
Absence of a trend.
High volatility without structure (so called "saw").
Low liquidity.
Trading on unsuitable assets becomes a guessing game, choose assets consciously to tip the odds in your favor.
Final recommendations for working with levels
In an uptrend : Look for support zones to long. Resistance zones serve as targets. The stronger the trend, the less important resistance zones are.
In a downtrend : Look for resistance areas to short. Support areas become targets.
In a sideways trend : Trade support and resistance zones. Consider zone extensions and possible false breakouts.
Conclusion
It is important to realize that support and resistance levels are only a part of success.
The main points to consider are
1. Asset selection. Work only with liquid and trending assets where levels are most important.
2. Combine with other methods to find an entry point and confirm the strength of buyers and sellers such as volume, candlestick patterns and technical indicators.
3. Maintain positions : move stop losses, take partial profits and stick to your original plan.
Remember that trading is not only about finding levels and trades, but also about discipline, risk management and constant learning. Each element of your trading strategy is a cog that works in conjunction with the others. The more accurate and reliable the mechanism, the greater your chances of success.
If you found this article useful, place a rocket and write comments. Good luck in trading!
Holy Cow, A lot of Big Option Purchases Coming In!First price target for January is $90 and it could happen soon.
Be careful as spike downs tend to have a lower low formed prior to reversal, this would create bullish divergence on RSI, MACD and more which is another to double down.
Options chain for calls expiring 1/10/2025 show the $90 strike has 1,522 calls bought on Friday at .87 per contract.
Not huge, bot overall the bias on NVO is buy the dip. long term target of well over 100
retest of the lower level, with a potential rebound[BTC]Currently, no significant buying pressure is observed, so we may see a minor rebound, potentially up to the 97K level, before the price breaks below the trendline.
If the price breaks below the lower level, it could indicate a move toward new lows. However, it remains uncertain whether this is a move to create a new low or a retest of the strong rebound area around 94K for support, followed by another rebound. This will depend on the emergence of buying pressure.
If a new low is established, the first target area could be around 89.5K, with a further potential drop to 86K.
To establish a new all-time high, at least a consolidation phase within this range is necessary. However, the most decisive scenario would involve breaking significantly lower before recovering.
At this point, considering either forming a triple-bottom pattern or targeting 89K for short positions appears to be a prudent strategy.
Technical Analysis for Gold Spot (XAU/USD)The chart provides a 1-hour time frame for Gold Spot against the US Dollar (XAU/USD). Let’s analyze the technical aspects with bullish and bearish scenarios, as well as probable entry and exit points.
1. Key Observations:
Current Price: $2,624.94
Major Resistance: $2,631.46
Support Zones: $2,590–$2,600, $2,560–$2,570
Volume Insights:
Delta Volume: The buying volume is higher (65.19%), indicating bullish attempts, but sellers are present near resistance.
Selling Pressure at Resistance: Noticeable resistance around $2,631.46 with significant sell orders.
2. Bullish Scenario:
If buyers continue to dominate, breaking the resistance at $2,631.46 can lead to further upside momentum.
Key Bullish Indicators:
Trendline Support: The price is respecting the ascending trendline (red diagonal line), which is a bullish structure.
Delta Volume Imbalance: The buy delta of 65.19% suggests strong bullish interest.
Price Action: The price is hovering near resistance, potentially gearing up for a breakout.
Entry Point:
Aggressive Entry: Enter near $2,624 on minor pullbacks with stops below the ascending trendline ($2,615).
Conservative Entry: Wait for a confirmed breakout above $2,631.46, followed by a retest.
Take Profit Levels:
Short-Term Target: $2,640 (7–11% potential gain based on momentum).
Extended Target: $2,680 (around the next resistance zone).
Stop Loss:
Place stop-loss around $2,615 or just below the ascending trendline to manage risk.
3. Bearish Scenario:
Failure to break above $2,631.46 could lead to a downside correction.
Key Bearish Indicators:
Overhead Resistance: $2,631.46 is acting as a key resistance zone, and repeated failures to breach it can trigger bearish momentum.
Exhaustion Near Resistance: Sellers are actively defending the $2,631 zone, as seen from the sell delta.
Trendline Risk: A break below the ascending trendline could lead to a retest of lower support zones.
Entry Point:
Aggressive Entry: Enter short near $2,631 if a rejection occurs, with stops above $2,635.
Conservative Entry: Wait for a breakdown below $2,615 (ascending trendline).
Take Profit Levels:
Short-Term Target: $2,600 (near the first support zone).
Extended Target: $2,560 (strong historical demand area).
Stop Loss:
Place stop-loss around $2,635 or above the resistance zone to mitigate risk.
4. Neutral Zone:
If the price remains between $2,615 and $2,631, it signals indecision.
Traders may look for further volume or candlestick confirmation to act decisively.
Conclusion:
Bullish Bias: Above $2,631.46 with targets at $2,640 and $2,680.
Bearish Bias: Below $2,615 with targets at $2,600 and $2,560.
Volume Confirmation: Monitor buy/sell volume to confirm breakouts or rejections at critical levels.
Let me know if you want further clarifications or real-time insights!
What awaits us with the Neiro?The chart was created by identifying the true support and resistance levels for the Nero currency since September. Between each support and resistance level, there is approximately a 7-25% range. There are several strategies to profit between support and resistance. Let’s move to the price analysis and see what awaits us in the coming days. According to the Volume Profile, I believe we will return to the price range of
0.00145635 - 0.00163296.
Below, I have included the potential negative price levels NEIRO might reach:
1- 0.00086100 - 0.00078760
2- 0.00068500 - 0.00063000
3- 0.00044000 - 0.00033400
The potential positive price levels Nero might reach in the coming days are:
1- 0.00117128 - 0.00121535
2- 0.00131625 - 0.00145635
3- 0.00163296 - 0.00172629
4- 0.00192995 - 0.00214485
5- 0.00226233 - 0.00325000
My prediction for 2025 is that the Nero currency could reach the following prices:
0.00400000 - 0.00430000
Trading markets carry significant risks, and this is not financial advice but a technical analysis. We will see its results in the coming days. #To_The_Moon
Everything mentioned above will only come to pass In sha Allah.
Analyzing Blue Dart Express Limited: Long Candle Midpoint and Pa
In the financial world, technical analysis is a key tool for investors and traders to predict future price movements based on historical data. Today, we delve into the chart of Blue Dart Express Limited (BLUEDART) on the National Stock Exchange (NSE) of India, focusing on the long candle midpoint and the parallel channel.
The Long Candle Midpoint
The chart shows a significant long candle in mid-October, where the stock experienced a substantial price movement. The midpoint of this candle, where the open and close prices meet, often acts as a pivotal level for future price action. This midpoint can serve as a support or resistance level, depending on the direction of the subsequent price movement. For BLUEDART, this level appears to be around 8,500 INR, which has been tested multiple times post the formation of the candle.
Parallel Channel
Following the long candle, the stock price of BLUEDART entered into what appears to be a descending parallel channel. This pattern is characterized by two parallel trend lines that contain the price action, with the upper line acting as resistance and the lower as support. In this chart:
Upper Channel Line: This line has been touched multiple times, indicating resistance. Each time the price hits this line, it tends to pull back, suggesting that sellers are more aggressive at this price level.
Lower Channel Line: Conversely, this acts as a support level. When the price approaches this line, it tends to bounce back up, indicating buying interest at these lower levels.
Trading Strategy Implications
Breakout/Breakdown: A breakout above the upper channel line could signal a bullish reversal, suggesting that the stock might be starting an upward trend. Conversely, a breakdown below the lower channel line could indicate further bearish momentum, potentially leading to lower price targets.
Reversion to Mean: Within the channel, trading strategies could focus on mean reversion. Buying near the lower channel line and selling near the upper could be a strategy, assuming the stock will continue to oscillate within these boundaries until a breakout occurs.
Volume and ATR: The Average True Range (ATR) at the bottom of the chart shows volatility. An increase in ATR near the channel boundaries can indicate potential breakouts or breakdowns. Volume spikes can also confirm these moves.
Conclusion
The chart for Blue Dart Express Limited provides a fascinating study in technical patterns. The long candle midpoint serves as a critical psychological level for the stock, while the descending parallel channel offers a framework for understanding potential price movements. Traders and investors should watch for price action at these key levels, coupled with volume and volatility indicators, to make informed decisions. Whether for short-term trading or long-term investment, understanding these technical aspects can significantly enhance decision-making prowess in the stock market.
10% LONG POSITION As we cab see the price bounced from that support level multiple times, and this time not only boncing from it , this time clearly have swept the liquidity from tha recent low , and have given as a good reaction and a good confirmation to the up side , possibly headed to the previous high ( HRLR)
10% LONG POSITION As we cab see the price bounced from that support level multiple times, and this time not only boncing from it , this time clearly have swept the liquidity from tha recent low , and have given as a good reaction and a good confirmation to the up side , possibly headed to the previous high ( HRLR)
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. After Entry, Exit With in 5 - 10 Days, whether Target / Stop loss Hit or Not.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
Note: Entry above High Only as shown on Chart as it is the confirmation of Trend Continuation
GHNI offering over 30% gains from these levelsthe stock is continuing its uptrend and after making Cup and handle formation, successfully broke out the handle, if it posted daily closing above 444, the stock is likely to test its cup and handle projection of 590 which is a good return of ~32%
with a SL of 360, as per trade plan, entry should be made at 444, with TP1 of Rs. 528 and TP2 of 612, however, as per Cup and Handle projections, one can close the trade around 590 levels.
NVIDIA. Buying opportunitiesHey traders and investors!
NVIDIA Daily Timeframe Analysis
A sideways trend (range) was formed on the daily time frame in October 2024 (point 4 was formed). The lower boundary is 128.74, and the upper boundary is 152.89. The seller's vector 11-12 interacted with the lower boundary of the range, where key volumes of the vector passed ("rKC" on the chart). The buyer absorbed these volumes on December 23, meaning they defended the lower boundary of the range.
The current buyer's vector is 12-13, with a potential target of 146.54 (152.89). The obstacle for the buyer is the test level of the seller's zone at 142.82 (the seller's zone is the red rectangle on the chart).
It makes sense to look for buying opportunities (buy patterns) as part of the idea of realizing the buyer's vector 12-13.
I wish you profitable trades.
Render (RENDER) Breaks ResistanceRender (RENDER) Breaks Resistance, Community Rewards Program Sparks Hope
Render (RENDER), a decentralized GPU rendering platform, has recently broken a significant resistance level at $7.45. This bullish development, coupled with the upcoming community feedback call for its Year 2 Community Rewards Program, has ignited excitement within the crypto community.
Community Engagement Fuels Potential
Render's commitment to community involvement is evident through its participatory rewards program. By seeking community input, the project aims to strengthen its bond with its users and foster a sense of ownership. A well-received rewards program can significantly boost token utility and demand, potentially driving price appreciation.
Positive Sentiment and Market Impact
Positive community interaction can create a positive sentiment around a project, which can lead to increased interest and investment. However, it's important to note that the broader cryptocurrency market conditions will also play a crucial role in determining the ultimate impact on RENDER's price.
The $10 Target: A Realistic Expectation?
While the recent price action and positive developments make the $10 target seem achievable within weeks, it's essential to approach such predictions with caution. The cryptocurrency market is highly volatile, and unforeseen factors can influence price movements.
Why HBAR remains super bullishCOINBASE:HBARUSD is displaying all text book bullish definitions!! Volume spike on run up and volume reducing as it forms the bullish flag. RSI and ATR has cooled down and less volatile. Forming a pressure point which could explode to the upside if it remains bullish which is the likelihood.
Crypto LONG Signal #ZECUSDT. Potential profit 17%
30m TF. BINANCE:ZECUSDT is showing growth alongside increasing volumes, indicating heightened buyer interest. The price has reached 67.93 USDT and is targeting a breakout of key resistance.
🔑 Key Levels
Support:
67.45 USDT – the nearest support level where demand has been observed.
63.71 USDT – a stronger support level maintaining the current uptrend.
Resistance:
75.33 USDT – the first target after a breakout.
76.88 USDT – the secondary resistance level.
79.50 USDT – the key target for profit-taking.
🚩 Trading Strategy
Entry Point:
Consider opening a long position above 67.93 USDT.
Stop-Loss:
Place a protective stop order below 67.45 USDT to minimize risks.
Take-Profit Targets:
75.33 USDT – the first target for partial profit-taking.
76.88 USDT – an intermediate target.
79.50 USDT – the final target.
📈 Technical Analysis
Rising volumes confirm buyers’ readiness for further growth.
A price consolidation above 67.93 USDT will strengthen the upward impulse.
A retest of 67.45 USDT before the breakout could provide a good entry point.
💡 Recommendations
Monitor Volumes: Increased volumes during the breakout will confirm the strength of the move.
Manage Risks: Use sensible stop-loss orders to limit potential losses.
Analyze Dynamically: Use smaller timeframes (15m and 1h) for precise entry points.
Conclusion
BINANCE:ZECUSDT shows strong upward potential. Watch for a breakout above 67.93 USDT to take advantage of the current market conditions.
ACSUSD 12/6/2024ACSUSD Daily Chart Analysis
Overview:
After topping out between March and April 2024, ACSUSD experienced a steep downtrend, respecting the 50-day and 200-day EMAs until late October 2024. However, a reversal began in early November with strong signals pointing to bullish momentum.
________________________________________
Key Observations:
1. Reversal Pattern:
o On November 4th and 5th, a Tweezer Bottom pattern formed, signaling a potential trend reversal.
o Confirmation came the following day, supported by a significant volume spike.
2. Breakout and Pullback:
o November 10th saw a massive +60% move, breaking through the 50-day EMA and briefly surpassing the 90-day EMA.
o Price has since retraced below the 90-day EMA but holds firm at the 50-day EMA, establishing it as support.
3. Bullish Structure:
o A trendline has emerged, guiding price upwards alongside support from the 10-day EMA.
o Volume remains elevated, and the MACD continues to trend higher in bullish territory, further validating upward momentum.
4. Current Setup:
o Price is sitting at a confluence of supports (trendline and 10-day EMA), presenting a strong risk-reward entry point.
________________________________________
Trade Plan:
• Entry: 0.0021550
• Stop Loss: 0.0017915 (-16.87%)
• Target #1: 0.0032318 (+49.98%, 2.96 RR ratio)
• Target #2: 0.0044041 (+104.99%, 6.32 RR ratio)
________________________________________
This setup aligns with a continuation of bullish momentum, supported by technical indicators and favorable market conditions.