Evening Traders, Today’s second analysis – BTCUSD- price action is making consecutive higher lows and higher highs. This allows us to have a macro bullish bias towards the market. Points to consider, - Key Dynamic Support - Price Action Range - Declining Volume The key invalidation for the uptrend will be on a break of dynamic support. BTC has been...
Evening Traders, Today’s analysis – AIONUSDT- price action breaking key resistance with candle closes, an influx is highly probable as this is as pivot. Points to consider, - Bullish Price Action - Local S/R Resistance - 200 MA Support - Oscillators Divergence - Volume Below Average AIONUSDT’s immediate price action is bullish by breaking above the...
Evening Traders, Today’s second analysis – AUDUSD- price finding support at the 200 MA after breaking bearish from Local S/R level, any rallies are now considered bearish retests. Points to consider, - Price Action Bearish - Local S/R Resistance (.618 Fib & EMA Ribbon Confluence) - 200 MA Support - Oscillators Bearish Control AUDUSD’s immediate price action...
Evening Traders, Today’s analysis – THETAUSDT – price action trading at range mid in a broadening wedge pattern, a retest of range high is probable. Points to consider, - Bullish Price Action - Dynamic S/R Flip - 200 MA Support - Oscillators Neutral - Volume Below Average THETAUSDT’s immediate price action is holding a higher low projection. Breaking...
Evening Traders, Today’s Second Analysis – GBPAUD- trading in a clear apex where a breakout will be imminent. Points to consider, - Price Action Apex - Dynamic Support (200 MA Confluence) - Range High Target - Oscillators Neutral - Volume Declining GBPAUD’s immediate price action is at a pivot point, a break in either direction will dictate the overall...
Evening Traders, Today’s Second analysis – NZDUSD – breaking above Local S/R, an S/R Flip Retest will solidify an impulse into Daily S/R. Points to consider, - Price Action Impulse - Local S/R Support (200 MA Confluence) - Daily S/R Resistance (.618 Fib Confluence) - RSI above 50 - Stochastics Sell Cross NZDUSD’s immediate price action is has been...
Evening Traders, Today’s analysis – BNBUSDT- closing into its apex where a breakout will be imminent allowing for a trade in either direction, Points to consider, - Price Action higher lows - Internal Trend Line - Local S/R Resistance (.618 Fibonacci) - Oscillators neutral (50 mid-point) - Declining Volume BNBUSDT’s immediate price action is constructing...
Evening Traders, Today’s Second Analysis – EURUAD- impulse sell into a high timeframe structure, finding support here is probable. Points to consider, - Impulse Price Action - Daily S/R Support - .382 Fibonacci Resistance - Oscillators Extended - Declining Volume EURAUD’s immediate price action is impulsive, oversold conditions are likely to lead to an...
Evening Traders, Today’s analysis – THETAUSDT – breaking above Structural S/R with further upside potential, Local S/R , immediate target. Points to consider, - Ascending Triangle - Dynamic Support - Structural S/R Support - RSI uptrend - Declining Volume THETAUSDT’s immediate price action is bullish resembling the psychology of an ascending triangle....
Evening Traders, Second analysis – ADABTC –breaking above Structural S/R, price acceptance at this level will be bullish. Points to consider, - Bullish Price Action - Daily S/R Support - 200 EMA Resistance - Stochastics Equilibrium - Declining Volume ADABTC’s current price action is bullish, trading in a probable bull flag, This allows us to have a...
Evening Traders, Today’s Analysis – YFIUSDT- establishing a swing low, a higher low will increase the probability of a local trend change. Points to consider, - Impulse Price Action - Local S/R Support - Structural S/R Resistance - RSI Resistance - Volume Climax YFIUSDT’s immediate price action has been impulsive with increasing volume. A bullish...
Evening Traders, Today’s Analysis – BTCUSD – trading at a key pivot point with bearish price action, key region to watch is around $10650 -$10680. Points to consider, - Bearish PA - Neckline Resistance - Channel Support - RSI Trend Break - Stochastic Sell Cross - Declining Volume BTCUSD’s immediate price action is bearish with a confirmed psychology of a...
Evening Traders, Today’s second analysis – USDJPY- trading at a key Dynamic Resistance where a confirmed break will make the immediate target, Structural S/R. Points to consider, - Price Action Lower Highs - Local S/R Support - Structural S/R Resistance (200 DMA Confluence) - RSI divergence - Stochastics Extended USDJPY’s immediate price action is...
Evening Traders, Second Analysis – SPY – trading in a valid rising wedge where a breakdown bearish is probable. Points to consider, - Price Action Apex - Local S/R Resistance (.618 Fibonacci Confluence) - POC Confluence (Local S/R Support) - RSI Divergence SPY’s immediate price action is trading close to its apex where a greater probability of breaking...
Evening Traders, Today’s Analysis – CADJPY – trading at Range-Mid where a bearish retest is probable, confirming a potential right shoulder of a H&S pattern. Points to consider, - Bearish Price Action - Daily S/R Resistance - Range Mid Resistance (.50 Fibonacci Confluence) - Volume Below Average CADJPY’s immediate price action is bearish under range-mid;...
Evening Traders, Second Analysis – RENUSDT – trading in a local range with defined boundaries, range low likely to be tested. Points to consider, - Range High Resistance ( 200 MA Confluence) - Range Low Support - Price Action Bearish Retest - Volume Climax RENUSDT’s immediate price action has established a bearish retest, allowing us to have a bearish on...
Evening Traders, Today’s analysis – COTIBTC - Price Action needs to form a bottoming structure to allow for swing longs. Points to consider, - Bearish Price Action - Channel S/R Support - Untapped Liquidity - RSI Resistance - Declining Volume COTIBTC’s immediate price action is bearish by establishing consecutive lower highs, a reversal will be imminent...