Parallel channelGood volume build up in daily time frame.
Upper trendline breakout can give good conformation.
Intermediate supply zone breakout.
Fundamentals are good.
FII & DII stakes are up.
NOTE: I do my analysis, do yours before trade.
Volume
High-Profit BTC StrategiesAlexGoldHunter BINANCE:BTCUSDT Technical Analysis and Strategies for Bitcoin (BTC/USDT)
Chart Analysis
Price Levels and Zones:
Current Price: $99,584.00 USDT
Key Levels:
High: $99,635.89 USDT
Low: $99,460.37 USDT
p1D High: $102,048.81 USDT
p1D Low: $98,991.47 USDT
Swing High: $99,584.00 USDT
Swing Low: $99,376.15 USDT
Strong Low: $91,000.00 USDT
RB (Resistance Block): $87,000.00 USDT
Volume Profile:
Significant trading activity around the $99,000 to $100,000 range, indicating potential support/resistance levels.
Technical Indicators:
RSI (Relative Strength Index): Current RSI is around 50.70, indicating neutral momentum.
MACD (Moving Average Convergence Divergence):
MACD Line: 35.59
Signal Line: 16.88
Histogram: -18.71
The MACD is showing a bearish crossover, indicating potential downward momentum.
Buy Strategy with Confirmations
Entry Point:
Consider buying near the strong support levels, such as the p1D Low ($98,991.47 USDT) or the Strong Low ($91,000.00 USDT).
Confirmation:
RSI: Should be below 30, indicating an oversold condition.
MACD: Look for a bullish crossover (MACD Line crossing above the Signal Line).
Volume: Ensure there is an increase in volume, indicating strong buying interest.
Stop Loss:
Place a stop loss slightly below the Strong Low ($91,000.00 USDT).
Take Profit:
Target the Swing High ($99,584.00 USDT) or the p1D High ($102,048.81 USDT).
Sell Strategy with Confirmations
Entry Point:
Consider selling near the resistance levels, such as the p1D High ($102,048.81 USDT) or the Equal Highs.
Confirmation:
RSI: Should be above 70, indicating an overbought condition.
MACD: Look for a bearish crossover (MACD Line crossing below the Signal Line).
Volume: Ensure there is an increase in volume, indicating strong selling interest.
Stop Loss:
Place a stop loss above the p1D High ($102,048.81 USDT).
Take Profit:
Target the Swing Low ($99,376.15 USDT) or the Strong Low ($91,000.00 USDT).
This analysis provides a comprehensive overview of the chart and suggests potential buy and sell strategies based on technical indicators and key levels. If you have any further questions or need additional insights, feel free to ask! 😊
Ancient Volume Profile for Curve CRV for Big PictureLooking at the Volume Profile from Genesis to June 13th 2022 to see where there was a lot of trading volume in the past. The volume levels we are seeing trading in the past 6 months make these volumes seem like a blip, but may prove to be stopping points and levels to watch during the next several months. The large gap shown in yellow has already shown to be useful in predicting a quick move. (In this zone price can also quickly move down) Trading level to level may show promise for leverage trades, spot bags are loaded for Valhalla.
Possible entry points for $NASDAQ:QUBT NASDAQ:QUBT appears to be going through some consolidation after a quick runup.
I can see a couple of entry points.
The first is to fill a gap in volume established above $5.15 support.
My suggested entry target would be ~$5.45. This is the riskier of the two entry points, as you're buying as the stock is falling. See December 3rd as an example, where it retraced to the Fibonacci .5
The more conservative entry point is after the stock breaks out of consolidation. My criteria for that is that it closes ABOVE the recent highs accompanied by higher volume. I would set an alert closing above $7.90 to evaluate.
Intraday Levels for Nasdaq 100 Futures - 12/06/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Cardano (ADA) Buy SetupAlexGoldHunter BINANCE:ADAUSDT Technical Analysis and Buy Strategy for Cardano (ADA/USDT)
Chart Analysis
Current Price: $1.1866
Key Zones:
Order Block: $1.25
Swing High: $1.1958
Swing Low: $1.15
Strong Low: $1.03
Volume Profile:
Significant trading volume around $1.18 to $1.20, indicating strong interest and potential support/resistance.
Technical Indicators:
RSI (Relative Strength Index): Currently around 47.99, indicating neutral momentum.
MACD (Moving Average Convergence Divergence): Shows a bearish crossover, suggesting potential downward momentum.
Buy Strategy with Confirmations
Identify Key Support Levels:
Look for buying opportunities around the $1.15 support level, as it has been tested multiple times and held.
Volume Confirmation:
Ensure there is significant buying volume when the price approaches the $1.15 support level. This can be confirmed by a spike in the volume bars.
RSI Confirmation:
Look for the RSI to be in the oversold region (below 30) and then start to move upwards, indicating a potential reversal.
MACD Confirmation:
Wait for a bullish crossover in the MACD (the MACD line crossing above the signal line) to confirm upward momentum.
Break of Structure (BoS):
Look for a BoS above the $1.1958 resistance level to confirm a bullish trend. This would indicate that the price has broken above a key resistance level and is likely to continue upwards.
Entry Point:
Enter a buy position when the price is around the $1.15 support level with the above confirmations in place.
Stop Loss:
Place a stop loss slightly below the $1.15 support level to minimize potential losses in case the support does not hold.
Take Profit:
Set a take profit target around the $1.25 resistance level (Order Block), as this is a significant resistance area where the price might face selling pressure.
By following this strategy and waiting for the confirmations, you can increase the probability of a successful trade.
If you need further assistance or have any other requests, just let me know! 😊
Technical Analysis of Gold Spot (XAU/USD) - 1H Chart
The chart shows a sideways consolidation phase, with key levels of liquidity, support, and resistance shaping the next potential moves. The price is currently near $2,638, testing intermediate resistance after a bounce from support.
Key Observations
Consolidation Range:
Price is consolidating between $2,620–$2,665, indicating indecision in the market.
A liquidity void is observed near $2,660, where prior selling pressure dominated.
Support Levels:
$2,620–$2,622: Key short-term support zone, aligned with recent buy-side interest and the NY Midnight Open ($2,644).
$2,602–$2,605: Strong demand zone where buyers previously stepped in aggressively.
$2,555–$2,560: Major support area, representing extended downside targets if selling pressure persists.
Resistance Levels:
$2,662–$2,665: Immediate resistance zone, with previous rejection and sell orders dominating this level.
$2,711–$2,720: Major resistance zone, marking breakout targets if bullish momentum sustains.
$2,740–$2,760: Extended resistance zone, a potential final bullish target.
Volume Analysis:
Buy Volume (2.36M) vs. Sell Volume (1.95M): Indicates strong buying interest, but sellers remain active near resistance zones.
Delta Volume (189.77%): Signals that sell orders are still pressuring price around resistance areas.
Bullish Scenario
Conditions for a Bullish Move:
Price must hold above the $2,620–$2,622 support zone and break through $2,665.
Sustained buying pressure above the liquidity void at $2,660 would confirm bullish momentum.
Entry Points:
Aggressive Entry: Buy near the $2,620–$2,622 support zone, with a stop-loss below $2,610.
Conservative Entry: Enter on a confirmed breakout and retest above $2,665, with a stop-loss below $2,650.
Exit Points (Take Profit):
First Target: $2,711 (key resistance zone).
Second Target: $2,720–$2,740 (extended bullish target).
Final Target: $2,758–$2,760 (major resistance zone).
Invalidation:
A breakdown below $2,610 would invalidate the bullish setup.
Bearish Scenario
Conditions for a Bearish Move:
Price fails to break above $2,665, indicating rejection near resistance.
A confirmed breakdown below $2,620 would open the path for further downside.
Entry Points:
Aggressive Entry: Short near $2,662, with a stop-loss above $2,670.
Conservative Entry: Enter short after a confirmed breakdown below $2,620, with a stop-loss above $2,630.
Exit Points (Take Profit):
First Target: $2,605 (key support zone).
Second Target: $2,560 (major demand zone).
Final Target: $2,552–$2,555 (extended bearish target).
Invalidation:
A breakout above $2,670 would invalidate the bearish scenario.
Key Indicators to Monitor
Breakout Confirmation:
A breakout above $2,665 or a breakdown below $2,620 will confirm the next significant move.
Volume Dynamics:
Increasing buy volume near support zones ($2,620) will favor the bullish scenario.
Rising sell volume near resistance zones ($2,665) will confirm bearish rejection.
Liquidity Zones:
The liquidity void near $2,660–$2,665 is critical; price action here will reveal whether buyers or sellers dominate.
Summary of Probable Entry & Exit Points
Scenario Entry Zone Stop-Loss Target Levels
Bullish $2,620–$2,622 (Aggressive) or above $2,665 (Conservative) $2,610 $2,711, $2,740, $2,760
Bearish $2,662 (Aggressive) or below $2,620 (Conservative) $2,670 $2,605, $2,560, $2,555
Conclusion
Bullish Outlook: A breakout above $2,665 could trigger a rally toward $2,711 or higher.
Bearish Outlook: Rejection at $2,665 or a breakdown below $2,620 could lead to declines toward $2,605–$2,555.
Monitor the price action closely near $2,665 (resistance) and $2,620 (support) for directional confirmation. Risk management with tight stop-losses is essential in the current range-bound environment.
Gold (XAU/USD): Key Levels & Trading StrategiesAlexGoldHunter FXOPEN:XAUUSD Expert Analysis of Gold Spot (XAU/USD) on a 1-hour Timeframe
Current Market Structure:
Support Levels: Around $2,600, marked by a blue shaded area.
Resistance Levels: Around $2,650, marked by a blue shaded area.
Break of Structure (BoS): Indicates a shift in market sentiment, suggesting potential trend reversals.
Market Structure Shift (MSS): Highlights significant changes in market structure, often preceding trend changes.
Equal Highs: Indicates a strong resistance level where the price has been rejected multiple times.
Indicators:
Volume: Shows the trading volume, with notable spikes indicating high trading activity.
RSI (Relative Strength Index):
Current RSI: 51.97 (neutral zone)
Lower RSI: 39.81 (potential buy signal if it drops further)
MACD (Moving Average Convergence Divergence):
MACD Line: 1.08
Signal Line: -2.76
Histogram: -3.85 (indicating bearish momentum)
Buy Strategy with Confirmation:
Confirmation:
Look for the price to bounce off the support level around $2,600.
RSI should be below 30 (oversold condition) and start to rise.
MACD should show a bullish crossover (MACD line crossing above the signal line).
Entry Point:
Enter a long position when the price confirms a bounce off the support level and the RSI and MACD provide bullish signals.
Stop Loss:
Place a stop loss below the recent swing low, around $2,590.
Take Profit:
Set the first take profit level at the resistance around $2,650.
If the price breaks above $2,650, consider trailing the stop loss to lock in profits.
Sell Strategy with Confirmation:
Confirmation:
Look for the price to be rejected at the resistance level around $2,650.
RSI should be above 70 (overbought condition) and start to decline.
MACD should show a bearish crossover (MACD line crossing below the signal line).
Entry Point:
Enter a short position when the price confirms a rejection at the resistance level and the RSI and MACD provide bearish signals.
Stop Loss:
Place a stop loss above the recent swing high, around $2,660.
Take Profit:
Set the first take profit level at the support around $2,600.
If the price breaks below $2,600, consider trailing the stop loss to lock in profits.
Summary:
This analysis provides a comprehensive view of the current market conditions for Gold Spot against the U.S. Dollar, along with actionable buy and sell strategies based on technical indicators and key levels.
If you have any further questions or need additional analysis, feel free to ask! Happy trading! 🚀✨
BTCUSDT. Short term analysisHello traders and investors!
Daily Timeframe Analysis
On the daily time frame, a range was formed on November 14, with the lower boundary at 85,072 and the upper boundary at 93,265.64. The seller's vector 5-6 is currently in play, with a potential target of 86,128.21 (85,072). Yesterday, the seller attempted for the second time to push the price back into the range below 93,265.64, but the buyer is still buying up.
Hourly Timeframe Analysis
On the hourly time frame, the seller has formed an impulse, with the impulse starting at 104,088 and ending at 90,500. Currently, the buyer has pushed the price back above 97,416.59, which is the start of the last buyer's impulse. The first resistance for buyers is 98,828-99,000.
In a situation like this, it’s difficult to give priority to either the buyer or the seller. Formally, as long as the price is above 97,416.59, buying opportunities can be considered. If the price drops below 97,416.59, selling opportunities can be considered.
It’s preferable to see strength from one of the sides (spread and volume), such as in the form of a buyer’s or seller’s zone, and then join the buying from the buyer's zone or selling from the seller’s zone upon their resumption.
Good luck with your trading and investments!
XRP/USD: Strategic Buy EntryAlexGoldHunter BINANCE:XRPUSDT Technical Analysis and Buy Strategy for XRP/USDT (1-Hour Timeframe)
Chart Analysis
Current Price: 2.3066 USDT
Key Zones:
Order Block: 2.6000 - 2.8000 USDT
Swing High: 2.6000 USDT
Swing Low: 2.2000 USDT
Equal Highs: 2.6000 USDT
Volume Profile:
Significant trading volume at current price levels, indicating potential support/resistance.
Technical Indicators:
RSI (Relative Strength Index): 44.62 (bearish momentum)
MACD (Moving Average Convergence Divergence): Below signal line, with a negative histogram (bearish momentum)
Buy Strategy with Confirmations
Identify Key Support Levels:
Focus on the swing low (2.2000 USDT) and the lower boundary of the order block (2.6000 USDT) as potential support zones.
Wait for Bullish Confirmation:
RSI: Look for the RSI to cross above 50, indicating a shift to bullish momentum.
MACD: Wait for the MACD line to cross above the signal line and the histogram to turn positive, indicating a bullish crossover.
Volume Confirmation:
Ensure there is an increase in trading volume when the price approaches the support levels or when bullish indicators are triggered. Higher volume confirms the strength of the move.
Entry Point:
Enter a buy position when the price shows a bullish reversal pattern (e.g., bullish engulfing, hammer) near the support levels and technical indicators confirm the bullish momentum.
Stop Loss and Take Profit:
Stop Loss: Place a stop loss slightly below the swing low (2.2000 USDT) to manage risk.
Take Profit: Set a take profit target near the swing high (2.6000 USDT) or the upper boundary of the order block (2.8000 USDT).
By following this strategy, you can increase the probability of a successful trade by waiting for multiple confirmations before entering a buy position.
ETH/USD: Precision Buy StrategyAlexGoldHunter Technical Analysis and Buy Strategy for Ethereum (ETH/USD)
Chart Analysis
Price Levels:
Current Price: $3,873.9
Support Levels:
$3,615.5 (swing low)
$3,800 (intermediate support)
Resistance Levels:
$3,900 (swing high)
$4,000 (next potential resistance)
Technical Indicators:
Volume: Increased volume indicates strong market participation during both uptrend and correction phases.
RSI (Relative Strength Index): Around 53.47, suggesting neutral momentum.
MACD (Moving Average Convergence Divergence): The MACD line is slightly above the signal line, indicating a potential bullish crossover.
Buy Strategy
Support Confirmation:
Look for the price to find support around $3,615.5. This level has been tested multiple times and has held, indicating strong buying interest.
Bullish Candlestick Patterns:
Wait for bullish reversal patterns like a bullish engulfing candle or a hammer near the support level.
Volume Increase:
Ensure there is an increase in buying volume, confirming strong buying interest.
MACD Confirmation:
Look for a bullish crossover in the MACD, where the MACD line crosses above the signal line.
RSI Confirmation:
The RSI should ideally move above 50, indicating bullish momentum.
Entry Point:
Enter the trade near the support level ($3,615.5) once all confirmations are met.
Stop Loss:
Place a stop loss below the support level, around $3,600, to limit potential losses.
Take Profit:
Set a target near the next resistance level, around $3,900 or higher, depending on the risk-reward ratio.
By following this structured buy strategy with confirmations, you can increase the probability of a successful trade while managing risk effectively. If you have any further questions or need additional insights, feel free to ask! 😊 BITSTAMP:ETHUSD
HIMS Bullish Morning VolumeOver the last five days, HIMS has shown consistent high trading volume in the morning sessions, often accompanied by bullish momentum and large green candlesticks, indicating strong buying interest likely driven by premarket news or institutional activity. This bullish sentiment has repeatedly pushed the price higher during early trading hours, but resistance around $36 has capped further upward movement, causing reversals or consolidation in the afternoon. The chart also highlights key indicators like liquidity grabs (red zones) and trend catchers, which suggest institutional interest and strong upward trends during these periods. However, today’s sharp drop to $31.59 suggests a potential bearish reversal, with profit-taking or increased selling pressure following days of upward momentum. To capitalize on these trends, traders should focus on high-volume morning sessions for breakout opportunities while being cautious of resistance levels and reversal zones later in the day.
$Uber - Short-Term Bullish Reversal in PlayUber has shown promising signs of a short-term bullish reversal, supported by two key technical signals:
1. Bullish MACD Crossover
The MACD line has crossed above the signal line, indicating a potential shift in momentum from bearish to bullish. This crossover often serves as an early indicator of upward price action, especially after a prolonged decline.
2. Bullish Engulfing Candle
On the price chart, Uber printed a bullish engulfing candle, a strong reversal signal. This pattern suggests buyers have regained control, overpowering recent selling pressure.
Short-Term Targets
Initial Target: $69.53
A breakout above this resistance level can attract additional buying interest.
Extended Targets: $72.00–$73.00
Sustained momentum above $69.53 could push prices toward these levels in the coming sessions.
Conclusion
Uber’s technical setup highlights a potential bullish reversal, making it an attractive opportunity for short-term traders. Keep an eye on volume for confirmation, and manage risk with stops below recent support levels.
Trade Safe! 🚀
SAND | Massive Volume IncreaseThe Sandbox chart looks beautiful. The volume increased massively, and the gaming sector in general is doing really well. I think this is ready for lift-off.
Intraday Levels for Nasdaq 100 Futures - 12/05/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
XRP Golden Ratio Acting as SupportI believe the worst of this sell off has happened. The Golden Ratio is acting as support.
Some money has rotated out of the XRP pump and into BTC which has just broken $103k
There is about 10M of buy support at $2.28
There is about 5M of buy support at $2.16
$2.30 will act as the launch pad for the next leg up, once the excitement leaves BTC.
Correction before the rise of Bitcoin. D1 26.11.2024Correction before the rise of Bitcoin 📈
After Trump's victory, crypto is on everyone's lips, in particular bitcoin. A little bit not reaching the psychological level of 100k, the price began to correct. Judging by the structure of the movement, I expect that the downward movement is not a reversal, but a correction and rebound to 100k is ahead of us. Now there is a strong buyers' zone 88700-91900 on the way of fall, from which I expect the continuation of growth. The monthly profile of accumulation also falls into this zone. Perhaps a little false break of the zone will try to make, but in general the area is strong and we are waiting for 100k mark till the end of the year, and further on according to the situation.
BINANCE:BTCUSD
Technical Analysis of Gold Spot (XAU/USD) - 1H ChartThe chart reflects a symmetrical triangle pattern forming after a period of consolidation, indicating a potential breakout or breakdown. Price is currently near the $2,650 level, with key support and resistance zones nearby. Below is a detailed analysis for both bullish and bearish scenarios, with probable entry and exit points.
Key Observations
Symmetrical Triangle Pattern:
The price is consolidating within converging trendlines, forming a symmetrical triangle, which typically signals a breakout in either direction.
A decisive breakout above or below the triangle will dictate the next significant move.
Support Levels:
$2,620–$2,622: Key support zone aligned with the triangle's lower trendline and a buy-side order block.
$2,601–$2,605: Major demand zone where buyers stepped in strongly before.
$2,555–$2,560: Extended support level and key demand zone for a deeper correction.
Resistance Levels:
$2,662–$2,665: Immediate resistance zone aligned with the triangle's upper trendline and recent sell-side activity.
$2,711–$2,722: Major resistance zone and breakout target.
$2,738–$2,758: Extended resistance, marking the next bullish target zone if the uptrend sustains.
Volume Analysis:
Buy Volume (7.033M) vs. Sell Volume (504.9K): Indicates strong buying interest holding the price near support.
However, a Delta Volume of 68.66% suggests moderate seller dominance near resistance zones.
NY Midnight Open:
The NY Midnight Open at $2,648.88 is serving as a pivot level, with price oscillating around this area.
Bullish Scenario
Conditions for a Bullish Move:
A breakout above the $2,662–$2,665 resistance zone with strong volume would confirm bullish momentum.
Sustaining above the triangle’s upper trendline will likely trigger further upside movement.
Entry Points:
Aggressive Entry: Buy near the $2,620–$2,622 support zone, with a stop-loss below $2,610.
Conservative Entry: Buy on a breakout and retest above $2,662, with a stop-loss below $2,650.
Exit Points (Take Profit):
First Target: $2,711 (key resistance zone and breakout target).
Second Target: $2,722–$2,738 (extended bullish target).
Final Target: $2,758 (major resistance).
Invalidation:
A breakdown below $2,610 would invalidate the bullish setup.
Bearish Scenario
Conditions for a Bearish Move:
Price fails to break above $2,662 and rejects the triangle's upper trendline.
A confirmed breakdown below $2,620 would signal bearish momentum.
Entry Points:
Aggressive Entry: Short near $2,662, with a stop-loss above $2,670.
Conservative Entry: Short after a confirmed breakdown below $2,620, with a stop-loss above $2,630.
Exit Points (Take Profit):
First Target: $2,601–$2,605 (strong demand zone).
Second Target: $2,555–$2,560 (extended support zone).
Final Target: $2,520 (major demand area for a deeper correction).
Invalidation:
A breakout above $2,670 would invalidate the bearish setup.
Key Indicators to Monitor
Breakout Confirmation:
Watch for a strong breakout with high volume either above the $2,662 resistance or below the $2,620 support to confirm the next move.
Volume Dynamics:
Increasing buy volume near $2,620 will support the bullish case.
Strong sell volume near $2,662 would indicate rejection and favor the bearish scenario.
Triangle Pattern:
A breakout above or below the symmetrical triangle will signal the next significant trend direction.
Summary of Probable Entry & Exit Points
Scenario Entry Zone Stop-Loss Target Levels
Bullish $2,620–$2,622 (Aggressive) or above $2,662 (Conservative) $2,610 $2,711, $2,738, $2,758
Bearish $2,662 (Aggressive) or below $2,620 (Conservative) $2,670 $2,605, $2,560, $2,520
Conclusion
Bullish Outlook: A breakout above $2,662 could trigger a rally toward $2,711 or higher.
Bearish Outlook: A rejection at $2,662 or a breakdown below $2,620 could lead to declines toward $2,605 or $2,560.
Traders should closely monitor price action at the triangle trendlines and key levels for breakout confirmation, while managing risk with tight stop-losses.
USDT the big rebound - The Rise from the Ashesin my newest finding i will tell you about USDT rise from the Ashes
as you can see we build a very volume heavy low
corresponding to a low in March and a really good rebound is about to happen
be prepared for heavy downturns in the crypto market
as always, just my opinion and looking for ppl who share thougths on it
no trading advice
Bitcoin as Water. Will Bitcoin move towards less resistance?Hello,
The volume profile of this chart with 4-hour candles indicates two levels where high trading interest can be found. One of these levels is the orange level, $91.5k, around which Bitcoin built a strong support zone. The other level is the red line, $98.5k, where BTC has a strong sell zone. I expect the price action to unfold between these two zones. You may ask which would come next. The current price, $97.1k, is closer to the sell zone than the buy zone. Hitting the sell zone requires less effort than falling into the buy zone. A few people observed that the market often moves towards less resistance. This lesser resistance is now moving into the sell zone. Furthermore, MACD goes up like a bullish trend, which means technicals contribute to BTC hitting the sell zone next time. The white trendline on the chart can act as additional support, which means for BTC to fall into the buy zone, it has to cut down the white trendline. Again, the less resistance for the price would be not to cut down the support trendline, but to pump into the sell zone, which is open from the bottom up without additional resistance standing in the way.
Regards,
Ely
NaturalGas enters resistance zone. H4 25.11.2024⛽️ NaturalGas enters resistance zone 📉
On gas the price has entered the zone of strong resistance 3.51-3.63 from which I expect a new exit of the price down. Now on the comeback a false break above is possible, but in general the zone for selling is strong. I aim for a bounce down to 3.0 and 3.15, and there will clarify. The main support is near 3.0 and there is the boundary of the ascending channel from which they can bounce up again.
FX:NGAS
Wedge accumulation forming on BTC dailyA wedge structure, consolidating price action forming on the BTC daily chart. I would generally consider this to be a bullish continuation pattern. There is the chance that it could break down of course. Volume is decreasing in the pattern which is further support of the idea. In general, these are sized up by the price difference between the opening end (left side) of the beginning of the wedge. It isn't possible to make an exact prediction until the breakout but roughly we should expect a $9,000+ breakout (up or down) once the wedge pattern is broken. Often there can be a retest of the wedge but it is a small wedge and BTC is overall really bullish right now, so I would expect it to just run again after the breakout.
The BankNIFTY Index Futures chart - Fibonacci Trading StrategyThe BankNIFTY Index Futures chart presents a fascinating case for Fibonacci retracement analysis. After a significant downtrend from the peak at 55,000, the index has shown a series of bounces and pullbacks, which are classic signals for Fibonacci traders.
Key Observations:
Downtrend Confirmation: The initial peak around 55,000 was followed by a sharp decline, confirming a bearish trend. This sets our high point for Fibonacci levels.
Fibonacci Levels:
From the high at 55,000 to the low at 50,130, key Fibonacci retracement levels are established:
23.6% at 51,288
38.2% at 52,003
50% at 52,582
61.8% at 53,160
78.6% at 53,984
Support and Resistance: The chart shows multiple touches around the 50% (52,700) and 61.8% (53,160) levels, indicating strong support/resistance zones. The recent price action around these levels suggests potential reversal or continuation signals.
Trading Strategy:
Long Position: Consider entering a long position if the price finds support at the 50% or 61.8% Fibonacci levels, especially with confirmation from other indicators like RSI or MACD. Stop loss can be set below the 78.6% level or recent swing lows.
Short Position: If the price breaks below the 50% level with volume, it might target the 61.8% or even the 78.6% Fibonacci level for further downside. Confirmation from bearish candlestick patterns or momentum indicators would strengthen this trade.
Breakout Strategy: Watch for a breakout above the 61.8% or 78.6% levels. A confirmed breakout could lead to a new uptrend, with targets potentially aiming for the previous high or higher Fibonacci extensions.
Volume Analysis: Notice the spike in volume around the recent lows and subsequent recovery. This could indicate strong buying interest at lower levels, suggesting a potential bullish reversal or at least a strong support zone.
Risk Management: Always use stop losses to manage risk, especially in volatile markets like BankNIFTY. Adjust your position size according to your risk tolerance and the volatility of the instrument.
This Fibonacci-based approach provides a structured way to navigate the market's waves, leveraging historical price action for future predictions.
