Evening Traders, Quick Analysis on the SPY - trend is still bullish until the channel is broken. Points to consider, - Channel Resistance Respected - 200 DMA Confluence - RSI Support - Stochastic Momentum Down SPY is in a technical channel testing support that is in confluence with the Daily 200 MA, a bounce here is probable. Breaking support will mean...
Evening Traders, Today’s Analysis – NZDUSD – impulse move above daily resistance with an immediate sell off, indicating a liquidity pool. Points to consider, - Impulse bull move ( Volume Climax) - Short liquidity (Daily Resistance) - Bearish Engulfing candle (Short Selling) - Local Support target - Overextended Oscillators NZDUSD’s impulse bull move ended...
Evening Traders, Today’s Analysis – ETHBTC – Trading at key structure, daily structural support is in confluence with down the down sloping resistance, ETHBTC is in its Apex. Points to consider, - Double bottom trend - Trend line resistance (Lower highs) - Daily Structural Support - Stochastics overextended - Apex (break imminent) ETHBTC is trying to establish...
Evening Traders, Today’s Analysis – RLCBTC – breaking out of its falling wedge , it needs to establish a weekly candle close above resistance for further continuation. Points to consider, - Local Resistance (Key level) - 21 MA (Visual support) - Technical Target Confluence - Stochastics Buy Cross - RSI Breaking 50 - Increasing Volume RLCBTC needs to close...
Market Dynamics. On the HTF I’ve been Bullish so still sticking to my bullish sentiments . Entry at $9500 - still holding position . My thoughts for today? Btc on the 8hr timeframe showing controlled or less supply- and you know what happens when there is less supply ? - MORE DEMAND. ( this pushes prices up. However on the 4hr chart there seem to be...
Currently been in the works of planning and creating my potential long term trading position for #BTC. After doing numerous technical analysis throughout the last 2 months I've came to the conclusion we've slowly been transitioning from the 2 year downtrend (we just broke resistance at 10k) but then that death candle appeared out of nowhere. That was a stop hunt...
Aspen is at an important decision point. It is a level of previous volume at R140 where selling occurred. We have been following the stock signs of strength (see posts below). The relative strength is good and volume is increasing as price increases. However, the volume push is declining. The stock still looks strong but we may see a pause at this level. However,...
The market volume has been low but it could be time for some action. We have been following the bounce in Sasol since the selling climax (see the posts below). We have now are again pushing the level formed by the gap. The previous attempt has been overcome. Volume is higher during increases and lowers during on decreases. There is negative divergence on the...
There are several buy signals with a relatively high volume showing a good opportunity to buy this stock
Evening Traders, Today’s Technical Analysis – XTZUSDT – a break out is imminent as volume continues to decline; key structural levels are likely to be tested. Points to consider, - Trend bullish (consecutive higher lows) - Trend line support holding true - Current resistance .618 Fibonacci - RSI above 50 - Stochastics projecting down - Declining volume...
Evening Traders, Today’s Technical Analysis – BTCUSD – a breakout is imminent as support and resistances converge. Points to consider, - $10,000 Psychological Resistance - Up sloping support - Declining volume (Apex) - Range Median - RSI above 50 - Stochastics equilibrium BTCUSD’s current price is above its range median, .50, currently trading under the...
Hi, everyone. You know market very plastic thing and everything changes with time. For now there's short after revers (bulls closed and then sold by bigger price but for this time by market makers). Short to 207.
Hi, friends. I just deeply analysed USDJPY, very good specularity there.. ) Market maker do big volume for selling now. We go down to 106.073. Levels thanks to X-Lines indicator. Volume analysis - X-Volume. Waiting for your likes!
Harmony is being pulled higher by the sector. However, there has been a significant volume in the stock indicating buying even though it may be lagging gold stock to be bought. With gold on the move, it could be time for Harmony to follow higher.
Gold is very strong. After a week pullback, we are now seeing price breaking higher.
All the gold stocks have shown a week pullback attempt and has reached oversold conditions. Time for the markup to continue.
There has been some volume buying into the close today. Price has reached the oversold line and was unable to break below the previous trading range. The volume could indicate the start of the next move.
After a break the trading range and a pullback on declining volume, we are now looking for a markup to start.