Reasoning is the lower high Structure after sweeping a weekly high on the H12 price ceated a bearish orderblock which should induce breaish momentum from here. The final confirmation step would be a break below purple S/R for me as always, no financial advice, just food for thought
Cardano with a sequence of lower high with less and less time & space between the lower highs. This is food for a short squeeze additional to that price already retested the breakout level of the left consolidation/orderblock From my perspective this is accumulation
Avax with a lon down trend movement which ends here with a failured swing around support Risk Reward for a long play into untested levels seems reasonable. At least for a smol bounce
Doge is printing a nice accumulation range which is visualized by small body candles on the monthly timeframe. As further confluence we have diagonal support which unterlined the switch in momentum. spot play
RSI in combination with the rising wedge structure gives confluence about the Idea that the price action is forming a local top. Yesterday price broke already down and created a structure break on the hourly timeframe. If price makes a lower high hier, price should visit the 0.618 fib lvl.
Aave shows extended price action on the daily without any significant retracements. Moving Averages are showing possible Distribution -> 10/20HMA Cross for the 5th time. In terms of price action we have a H12 break down with H1 breaker confirmation as possible lower high which could lead to the anticipated expansion.
Price is retesting previous year High. It is the first test + price is diving in a falling wedge structure, which increases the probability of a bounce
HTF Bias is bearish here: Option 1: bearish diagonal retest Option 2: Market structure break pattern around current level
Expectation: up Long-term perspective: Sellside Liquidity Hunt is done. Price rejected Monday Low which builds the foundation to look for Buyside Liquidity Level
Long-term perspective: based on the daily candle structure the market regained bullish momentum. The question rn is if price can recmail the mid range in order to start a further up squeeze. My Invalidation Level for this will be the Monday midrange & Monday High Lvl.
Long-term Perspective: price is moving is rebalancing between two daily FVGs creating a range which why i have too look on lower time frame for a clean draw on liquidity bias. Intermediate-term Perspective: BSL is taken into a daily FVG + msb + leaving inefficient price action to the downside. I look for a lower high to play a possible downside trade.
Long-term Perspective: previous week candle shows clean rejection which shifts the draw on liquidity to the downside. Previous Swinghigh shows a CHoCH Pattern. With this information in mind price coul start an expansion down IF price creates a lower high here. Weekly Open is THE level now for my Bias Intermediate-term Perspective: hourly shows sign of...
Long-term Perspective: The Draw on Liquidity is to the downside: 0.9$ and 0,61$ anything above like the Buy Side Liquidity (BSL) around 1.137$ is short term. => The Plan is to look for distribution price action (MMSM) after market take out the stops around 1.137$ Intermediate-term Perspective: The market shows already a msb after taking out intermediate-term...
Long-Term Perspective : narrative: Price is retesting a daily supply block and created a swing failure pattern with yesterdays monday candle. I assume Resistance to hold until proven otherwise. Instead of blindly shorting this market I will wait for certain price trigger to get into the trade. Draw on Liquidity (DOL): - upside Liquidity is taken - downside...
After expension follows consolidation and a dead cat bounce :P Bitcoin dumped pretty hart yesterday and consolidated today in a range. This means many trade positions entered the market which will addd fuel as soon price starts to choose a direction. Based on that inefficient move yesterday I assume that bitcoin will bounce in the next 24-48 hours in order to...
Sand Chart looks super bullish in contrast to rest of the altcoins. It is a fairy tale that you should take profit from runners and invest the profit in coins that are heavily dumped. A started train is not so easy to brake... best example are Solana and avax from this year. I assume at least a standard 1.1 extension ->5$
Beside the strong fundamental network news with solana ist BAT/BTC Charts looks extremly interesting. The Daily is trying to make a higher low which is the starting point of any bullish run. Asson as the blue diagonal gets crosses on the daily timeframe I expect a bullish run for BAT.
>session close >falling wedge price action >first test of flipped S/R >bullish narrative