After a break above the 1d 50ema on the 4hr chart with some consolidation on the resistance flip to support, a support retest was a juicy entry idea, and this has been triggered, with a price-in of tomorrow's FOMC minutes, except something unusual happens tomorrow. I anticipate this long play, to $400. Invalidation remains 4% for now.
Trying to Long this at the daily 50ema, upon a fill of the 50% of the wick left on the 1hr chart. With the goal of swinging it to $60.
If Pendle comes to fill the 50% of the 4hr wick which is where the 1hr 50ema sits, I'll attempt a long for 7.12RR towards the nearest available 1D 50% of an unfilled wick, which is at 7.265. Please, share your opinion on this bias in the comments section. If you take it, let me know.
If DGB closes this 4hr candle above its 50 ema, I'll target a long entry at the 1hr 50ema, for a move to the 50% of the long wick sitting in the demand liquidity zone, 0.01432. Depending on the interest of the market maker, this might be a fast pump, or a slow swing towards it. We'll see. Invalidation remains a tight 4% below entry. Happy trading.
Found a perfect setup on Arpa to try out a trade for a quick 4RR. a bar closing above 4hr 50ema is the trigger. I am adjusting invalidation to 4% for any possible wicks (I know this is too generous, but still). I'm targeting the top of the 4hr liquidity pool.
If Rune closes this 4hr wick above the 50ema, It's a great place to take a long and target the 50% of the weekly wick at $10.22 or weekly high at 11.6. Invalidation is 4%.
PA has been moving within a 12hr since Futures Perp for INJ was launched by Binance in August whose PA chart I am banking on for this analysis. The opening day's trading in August immediately left supply liquidity which although induced already, has still not been mitigated still, and it looks juicy for me. There has not been any major news coming from the team...
Source candle/local top within supply zone to induce reversal.
I am considering this long term BNX play, based on the hypothesis that CPI data tomorrow, will influence price volatility and a visit to 18100 - 17800 lows. With that happening, I expect 12hr fair value gap below to get filled, for a ride much further than range high. This is a swing trade, and the move is not expected to happen in one fell swoop, as it would...
Intention is to snipe the 6hr resistance in the middle of a FVG, and target the length of the source candle in the demand zone below, where I expect a reaction/reversal to the upside.
A breakdown of BTC to scoop liquidity in the 18400s, and possibly fill the wick it left behind from the CPI frenzy last week, could see Lina plunging to do a RTO on 12hr. If that happens, I expect a couple of supply zones on 4hr and 6hr to get mitigated as we run into the American midterms. Even likely, a double tom scenario at 0.0096.
If there was a race amongst the alts for who fills their October CPI dip wicks from last week, KSM could easily lay claim to the finish banner easily. I expect a total mitigation of that wick, where a 6hr support and a demand zone is nestled, and a hopeful burst of energy towards June 2022's high around $89. I expect this to be a swing that would surely have its...
The Massive rejection yesterday on Balancer, suggests bear pressure on the price as it tapped two significant supply zones in quick succession. Hitting 7.46 region was testament that price can still reach June price range, but I'll take that as inducement for the time being until the demand zone below is swept for liquidity. The wick from October's CPI...
With DXY hitting resistance and Crypto MCap resting on support, it's created room for alts to breathe a bit, and that is the rationale for this trade bias. Target entry, is 4hr support from this 12hr bounce printed today. Final target is 12hr resistance.
OP price action has played within a descending channel for 115 days now. Twice has it tried to break out of it to the upside, with failure as sellers promptly send price crashing to the floor of the channel the 1st time, and an adjacent support trendline the second time. However, there have been 2 wicked breakouts to the downside, suggesting a demand liquidity...
With Asia waiting to reverse its last pump (London and New York Session literally just held the pump) in a Rally-Base-Drop format, I see this play out after a 4hr trend retest from below. For confluence, BTC continues to stay below a strong resistance at 17k region, and looks overbought on 4hr.
FIS has retraced the liquidity left behind with the huge 4hr candle from Monday's trading. It has so far seen $34.2m in USDT volume in the last 24hrs, so there's liquidity activity on the pair. No fair value gap was left at the base, showing the intent of the market maker to keep price action as neat as possible. Price nestled on the 4hr 50ema and has bounced. An...
Cream is consolidating on it's 1D 50ema, and the 4hr 50ema also sits around there. Seeing as there are wicks to the upside on the 4hr needing a fill, I expect price to react with a tiny wick below the daily 50ema, and push up for a tidy 5RR, or a tidy 10RR if you target range highs.