we have good supply levels for rejection so we will look for sell setup by daily price action with CRAB pattern setup
Evening Traders, Today’s Analysis – KNCUSDT – bullish price action trading into its apex where a break will be imminent. Points to consider, - Consecutive higher lows - 21 MA support - Key structural resistance - Oscillators above 50 - Strong volume influx KNCUSDT has established consecutive higher lows under key structural resistance; this gives us a...
Evening Traders, Today’s analysis –UBER- breaking range support bearish, the immediate target is the supply zone upon a valid bearish retest. Points to consider, - Macro trend bearish - Range support S/R flip - 200 MA resistance - Oscillators below 50 - Volume below average UBER’s macro trend has established consecutive lower highs, this helps determine...
Evening Traders, Today’s analysis – XRPBTC- deviating from rage trading back into structure, immediate target is taking out local high for continuation. Points to consider, - Macro trend bearish (counter trend) - Support confluence (.618 Fibonacci/ supply zone) - Range resistance - Oscillators neutral - Increasing volume XRPBTC’s macro trend is bearish...
Evening traders, Today’s Analysis – CADJPY – impulse sell through technical level, rallies are to be sold into as the trend is bearish. Points to consider, - Macro trend bearish - Daily support (immediate target) - Local resistance (bearish retest) - Oscillators below 50 - Volume below average CADJPY’s macro trend is bearish with consecutive lower highs;...
Evening Traders, Today’s Analysis, - USDCAD – impulse sell into structural support where a relief rally is probable. Points to consider, - Trend oversold bounce - Structural support (trade location) - Local resistance (.618 Fibonacci Confluence ) - RSI swing low failure - Market structure needs to hold USDCAD’s impulse sell hit oversold conditions causing...
WE LOOKING FOR BULL BACK TO BE BULLISH AGAIN SUPPORT LEVELS & TARGET AS SHOWN ON THE CHART
Evening Traders, Today’s Analysis – EURAUD- impulse break through daily support, reclaiming the level. A retest of structure must hold for continuation. Points to consider, - Oversold bounce follow through - Daily support (S/R Flip retest) - Range Midpoint (Immediate target) - RSI neutral - Stochastics overextended - Volume follow through EURAUD’s...
as shown on the chart you can see the retest and bull back setup expected
Evening Traders, Today’s analysis – XTZBTC – reclaiming its range, a retest of support will allow for a long entry with defined risk. Points to consider, - Immediate trend bullish (consecutive higher lows) - Range support confluence (.618 Fibonacci) - Range resistance target - Oscillator neutral - Volume below average - Long retest (risk defined) XTZBTC’s...
now we can see the POC become strong resistance we expect rejection to the HVN as support level to back to the up trend retest it or cross it as shown on the chart
pair reach the strong weekly resistance level also we have CRAB pattern has been completed we will take short positions to the support levels as shown on the chart
pair reach the strong resistance so we expect rejection to support level then we will look for buy position from the support area to targets above the rejection area to touch the down trend
Previously the R5 level has been important (See posts below). Buyers have slowly been accumulating stock just above this level and it seems to have held. This morning some more aggressive buying is taking place and price is on the move. We can expect a test of the previous highs and possibly the markup to continue after some re-accumulation.
Staying on the theme of weak stocks with some volume buying in the background Vukile is showing some strength in its weakness. The TR formed after the selling climax (SC) has been weak in the price action but the volume shows significant buying on the up moves. We are now testing the breakout level. Not quite ready to go in but a good reversal bar with some (but...
Looks like there is some speculation in the market. Attacq has been very weak but looks as if there is some buying at volume. It may be a little early but worth a shot. After a selling climax (SC) price has been making higher-highs with minor sign of strength (MSOS) on the last up push. However, I will not that the price was unable to overcome the previous high....