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Volumprofile

RDNT/USDT Trading ScenarioAs a result of the cyberattack on Radiant Capital's protocol in October, their token RDNT lost value significantly, hitting an all-time low of $0.0375. According to the volume profile, many participants are actively accumulating the token at discounted prices, and the current decline is not deterring buyers. The protocol developers are also working on eliminating the consequences of the attack and strengthening security. In the long term, the price is expected to recover and RDNT is to continue to grow during the altcoin season. Such situations with fundamental protocols often provide an opportunity for high returns over the medium to long term.
by Rick_SimpleSwap
BAL/USDT Trading ScenarioAfter reaching a local maximum in 2024 at a price of $6.192, the asset has since declined, hitting a low of $1.544, a drop of over 94%. Currently, the asset is trading near this minimum price. The volume profile in this price range indicates strong interest from market participants for accumulation. Given this interest and the current market dynamics, there is a likelihood of continued short-term decline, which could trigger additional liquidation of weak positions and create more favorable conditions for further accumulation. This may lay the groundwork for recovery and potential growth of the asset as the market stabilizes and investor sentiment shifts.
by Rick_SimpleSwap
BNB/USDT Trading Scenario UpdateAt the beginning of 2024, after a short-term accumulation phase, BNB showed a significant increase, reaching a local maximum of $723.5. This growth amounted to more than 140% from previous levels. Currently, the asset is in a prolonged accumulation phase, which has been ongoing since March until the present day. From a volume profile perspective, the current price zone represents significant interest for market participants. It is also important to note the shift of significant volumes and the Point of Control from the $315 level to $584. The shift of the POC to a higher level ($584) indicates that market participants are showing interest in buying at higher prices, which in turn could serve as a prerequisite for sustainable price growth in the future. A breakout of the local maximum level at $723.5, followed by consolidation above, could open up the potential for further growth of BNB. If this resistance level is successfully overcome, the asset may enter a bullish trend phase with new price targets.
by Rick_SimpleSwap
SHIB/USDT Trading Scenario UpdateAfter a significant increase in February and reaching a local maximum of $0.00004575, the price declined to the $0.00001080 mark, which represented a drop of over 76%. As a result of this decline, the quote nearly reached the POC volume level at $0.00001032. Near this level, a rebound was observed, followed by an attempt at recovery. From the perspective of Fibonacci levels, the current asset price is within a favorable range for purchases (between 1 and 0.75). In this range, medium-term purchases can be considered with a target price of $0.00002746, which corresponds to the 0.5 Fibonacci level.
by Rick_SimpleSwap
CRV/USDT Trading ScenarioOver the past 820 days, CRV has been in a steady accumulation phase, as indicated by volume profile analysis. In early August of this year, the asset reached a new all-time low at $0.1794. This decline led to a significant increase in buying volumes, signaling strong investor interest and active accumulation of positions. The volume profile analysis reveals a concentration of trading volumes in this price zone, which is characteristic of an accumulation phase. The continuous price decline, coupled with rising buying volumes, suggests that the asset may be preparing for potential future growth. Considering the current accumulation phase and the increasing interest from buyers, it can be inferred that the asset is on the verge of potential growth.
by Rick_SimpleSwap
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ICP/USDT Trading ScenarioAmid the negative news about Bitcoin, the price of ICP significantly declined, falling from a local high of $20.937 to $5.837, a drop of over 71%. The asset's price chart has fallen below the 0.75 Fibonacci level, which is often interpreted as a favorable buying zone. From the perspective of volume profile, the area of interest for market participants is significantly higher, in the range of $13.041. Currently, there is a positive reaction from buyers at the $5.837 mark, as evidenced by the formation of a daily pin bar. This signal could indicate a potential trend reversal and the beginning of an upward movement, as a pin bar typically signifies a change in market sentiment.
by Rick_SimpleSwap
BCH/USDT Trading ScenarioAfter a successful accumulation phase, BCH experienced significant growth in June 2023, rising from $90.6 to $330.1, representing an increase of over 267%. This was followed by a new accumulation phase, with the subsequent resumption of an upward trend. BCH has reached the trendline twice, which serves as support. The volume profile confirms the stability of the current upward movement, as market participants continue to move up along the trend. Currently, the BCH’s price has decreased by more than 40% from its last peak. The POC level could represent an attractive entry point. However, the possibility of continued decline towards the trendline should also be considered, where maintaining the trend may offer even more beneficial entry points for the BCH purchase.
by Rick_SimpleSwap
LTC/USDT Price Movement ScenarioBelow is the price movement scenario for LTC. Analyzing the asset's dynamics since mid-2022, we can observe a clear upward trend, indicating investor confidence and potential growth prospects. However, despite this, the asset is still significantly below its all-time highs, providing an opportunity for entry into positions. Looking at the trading volume profile, we see that market participants continue to act in line with the current trend, accumulating positions to support price growth. Currently, the asset is trading below the resistance level at $115.86, which can be considered as a potential entry point. It is expected that continued trading below this resistance level may lead to further strengthening of positions and subsequently to a breakthrough of this level. The target level at $297.70 can be considered as the next key level.
by Rick_SimpleSwap
LINK/USDT Trading ScenarioWe are considering the scenario of price movement for LINK. The asset is in an uptrend. From the perspective of volume profile and participant transactions, the price is being pushed upwards. Currently, after reaching a local maximum at $22.845, the asset has started a correction, and its price has decreased by more than 27%. Additionally, amidst the BTC correction, we can expect the continuation of the asset's price decline towards the levels of $14 and even $12. We are considering this situation to increase the share of the asset in the portfolio with a long-term holding perspective aiming for profit maximization.
by Rick_SimpleSwap
APT/USDT: APT Trade EntryWe are considering a scenario of the beginning of APT purchases. Since the beginning of the second half of October, the asset has been demonstrating an upward trend, starting from the price level of $4.7926 and reaching $11.0934. This growth amounted to over 130%. At the moment, APT is undergoing a correction and is trading around the inclined resistance level. The POC volume level is also close to this resistance level. We are entering a trade on APT with the expectation of growth to the price level of $11.0934, which is more than 16%. Upon reaching this price, we plan to partially close the position, leaving it open in case of buyer activity and positive market sentiment. Then we will hold the position until the next target at the price level of $12.9259.
Long
by Rick_SimpleSwap
NKLA gets some momentum LONGNKLA had a nice long test run of one of its trucks in California this month. It signed a deal for a 10-year hydrogen refueling. Not a big deal, but may be the first company to sell fuel along with its vehicles and get government subsidies along the way. The days of doing photo shoots of a prototype truck rolling downhill are clearly in the past. While alwys speculative, NKLA is getting more search hits on Bezinga and Zacks suggesting there is trader interest and maybe even some investors. On the 120 minute chart, NKLA has ascended about 25% in the past week. It is approaching the intermediate and longer-term anchored mean VWAP lines in black. It is there that volalility and volume are expected to be the highest. This is 0.84 to 0.89. In this zone, institutional traders may take or exit positions. The upper end of the high volume area is at 0.90. I will take a trade here expecting price to go about 13% higher to 0.88. There it will either continue the VWAP band breakout or be rejected from that resistance level. The RSI and MACD indicators show bullish momentum to validate the long trade idea. An additional factor is whether a short squeeze could ensue. In the near term from now until March, the put to call ratio is 0.05 to 0.25 making for very few near-term put options. However, in the April monthly the overall put-to-call ratio is 3.5. This suggests an expectation of a good rise rise in the next 1-2 months and then a correction or breakdown at 3 months. In July the ratio falls to 0.05 at least for the time being. If a short squeeze does get set up, put positions in April will be liquidated in short order and the buying of call options to cover those puts may accelerate the trend up. Overall, my target is 0.88 while the stop loss is 0.73 under the evolving POC line of the volume profile. Since my call options printed a 60% profit for the day, I will add to the position to capture more of the expected move. ( $1.00 Strike 2/9 expiration currently $2.00 per contract- no stop loss total loss vs expected gain 250%+)
NASDAQ:NKLALong
by AwesomeAvani