Price could be forming a low timeframe range here and we are seeing a strong rejection on multiple time frames. I would be careful being too bullish here. Breakout traders have already been caught offside. If price can break and hold above the swing high then long. If the rejection continues, then short and target range low.
The local high has been swept. Expecting a push down to demand (grey zone) where we can take longs. Target the range high.
The prior swing low has been taken and long entries can be taken in the 1D demand zone (blue box) Price objective is the range high.
Range high is currently being tested. I will have a short bias until price breaks and holds above the local high. The two most likely scenarios for me are: -A sweep of the local high before a move down; or, -A break back into the range and a move to the range low. Happy trading.
This is a clear long position. -Monday's low swept -Multiple taps on the range low -Expecting price to push to Monday's high/range high -Trade invalidated if it pushes below swing low.
Price has been moving within a range for the past few months. Liquidity has been taken on both sides of the range so we wait for price action to develop before taking another position. If price is able to hold above the range then we look for entries and higher targets after a retest. If price falls back into the range we will look for entries after a...
Price has been consolidating within a range. The range low has been swept leading price to bounce. The range high has also been taken out and is failing to push higher. Price is likely to fall to a LTF demand zone (blue box).
HTF - taken the highs of the range but lows remain untapped. LTF - consolidating within a range. 4h has closed above. Breakout or deviation to be confirmed. If breakout - target daily supply. If deviation - target lows.
Price has been consolidating in a LTF range. Lows were swept, price dipped into 2D demand, buyers stepped in. Range high now also taken out. Bull case - HTF close above range and we will likely push to 2D supply Bear case - can't hold above range then we will likely revisit lows
4H timeframe Since my last update, price managed to break through the minor overhead resistance denoted by the white line. We saw a quick retest before price pushed into a more significant resistance zone . Price is currently rejecting off this zone, though given the strength it has had to push here it would seem likely that price tries to break this resistance...
Here is one of my favourite setups that is easy to learn and trade. I’ve heard it called many things over the years and know that many successful traders watch for this pattern to play out as it has a high win rate. Whatever you want to call it, it’s worth studying and adding to your playbook. What’s actually happening in this pattern? -A low is formed. Long...
SHIB has had a great run recently, there is no denying that. But is it actually done? If we drop to lower timeframes ie 1h, we can see there is an upper and lower trendline support that is holding so far. We’ve had a few attempts to break to the upside but price keeps getting knocked down before quickly bouncing back. The OBV is also putting in an upper...
1D timeframe Price made a nice push through the 51-52k resistance level. The next key resistance level is 57.5-58.5k. Right now, we are hovering between the two zones around 55k. From here, a few things can happen: -Price can break through resistance and target the 65k high -Price can reject off the 57.5-58.5k resistance -Price falls and retests the 51-52k level...
We are seeing bullish signs for LINK and $30 should be an easy target if things keep going well. Price has been holding above the EMAs indicating that they are acting as a good support. While price is above the EMA support it is still below a price resistance level. The longer it stays in the range the more pressure will build, and the quicker the breakout will...
Is it time for DOGE to shine again? After a period of accumulation we are seeing some bullish signs. EMAs are crossing up Volume is rising Trendlines on various indicators are breaking to the upside. SHIB has been going for it, so money will likely rotate into DOGE soon. Easy take profit levels at swing high points marked out on the chart.
Late longs get punished. Time your entries well. Your risk, your reward. Happy trading.
ORBS scalp idea for 1.71R Your risk, your reward. Happy trading.
HT trade idea for 2.51R Your risk, your reward. Happy trading