Today's analysis – AUDUSD – Trading at a key level as range resistance and dynamic support converge. Points to consider: - Pivot Point (key level) - 21 EMA (dynamic support) - Oscillators above 50 AUSUSD trading at a pivotal point in the chart, re-testing range resistance. A breakthrough failure will validate a short with range median as the immediate target....
Todays Analysis – LENDUSDT – Breaching its bear-flag neckline looking for a trend continuation. Points to consider: - Support Confluence (higher low) - Bull-flag (trend continuation) - 55 EMA (visual guide) - Increasing Volume - RSI above 50 - Stochastics overbought LEND held local support, in confluence with .618 Fibonacci retracement upon retest of the...
Todays Analysis – DLTBTC – Trading within a range as price retraces to test daily support Points to consider: - Support confluence - Declining Volume - RSI below 50 - Stochastics Oversold DLTBTC needs to hold daily support upon retest as it confluences with the .618 Fibonacci resistance to substantiate the thesis of a long trade to structural resistance....
Today's analysis – THETABTC – Putting in an S/R flip retest of daily support. Price holding this level validates a long trade to structural resistance. Points to consider: - Trend Reversal (S/R flip) - 21 EMA (visual guide) - Bearish divergence (playing out) - Stochastics above 50 - Low Volume THETABTC forming a probable higher low above daily support as...
OGN BTC Today's analysis – OGNBTC – Continues its upward momentum as it holds support at key level. Points to consider: - Support Confluence (key Level) - .618 Fibonacci retracement - 55 EMA (visual guide) - Low Volume - RSI breaking above 50 - Bullish Stochastics OGN showing signs of trend continuation as price respects daily support in confluence with...
Today's analysis – BTC USDT – Forming a probable descending wedge following a strong rejection at trend resistance Points to consider: - Macro trend bearish - Descending wedge pattern - Below average volume - RSI neutral A strong price rejection at trend resistance, forming a lower high on the chart indicates downtrend continuation for BTCUSDT. Trading...
Today analysis – MITHBTC – Forming a higher low, consolidating above daily support validating a long trade to technical targets above. Points to consider: - S/R flip Retest (trend reversal) - 100 EMA (support confluence) - Inverse head and shoulders - Low volume - Oscillators neutral MITHBTC trading in a healthy uptrend forming a lower high with a valid S/R...
Todays Analysis – ALGOBTC – Forming a potential head and shoulders pattern, trading at a key level within a multi-month descending channel. Points to consider: - Range Median – key level - Head and shoulders - Low volume - RSI below 50 - Stochastics oversold ALGOBTC has found support at the range median of its descending channel. Price holding above the...
Today's analysis – LINKBTC – consolidating near structural resistance, attempting to break out to new all-time highs. Points to consider: - Ascending triangle (bullish pattern) - Strong price action - S/R flip (trend continuation) - Price discovery (blue-sky breakout) - 20 EMA (visual guide) - Declining volume - Oscillators holding above 50 LINKBTC...
Today's chart - BATBTC – Consolidating at key support; a successful re-test validates technical targets above. Points to consider: - Trend Reversal - 21 EMA visual guide - Hidden bullish divergence - Stochastics oversold - Low Volume BATBTC testing trend support after a strong bull move into daily resistance, price respecting support level will form a...
Today's analysis – ADABTC – Showing signs of exhaustion as it tests key a support level. Breaking below support, price is likely to retrace to daily support. However, if PA continues to respect the 21 EMA, a bullish continuation is probable, negating the thesis. Points to consider: - Bearish price action - S/R flip re-test (trend reversal) - 21 EMA (visual...
Todays Analysis – ATOMBTC – Consolidating at key support, an impulse move to structural resistance is probable as it continues to hold above the 200 EMA. Points to consider: - Pivot point (key level) - Double Bottom/probable head and shoulders - Macro trend reversal - Volume influx - RSI above 50 ATOMBTC trading at a key S/R cluster as it breaks and holds...
Today's analysis – OGNBTC – breaking bullish from its immediate downtrend as it reaches its apex. Points to consider: - Daily support respected - S/R flip - 21 EMA (visual guide) - Low Volume - RSI breaking above 50 - Bullish Stochastics OGNBTC has respected daily support upon retest, establishing a higher low (early signs of trend reversal). Local...
Todays Analysis – DGBBTC – Trading within a multi-month ascending triangle, nearing its apex as support and resistance converge. Points to consider: - Resistance cluster - Higher lows - apex - 200 EMA – visual guide - Low volume - RSI above 50 – higher low projection - Stochastics overbought DGBBTC unable to break and hold above daily resistance after...
Today's analysis – ETHBTC – consolidating at local support, nearing its apex as resistance converges Points to consider: - Trading at a key level (Apex) - 21 EMA (visual guide) - Double bottom - RSI neutral - Stochastics overextending - Flat volume ETH is trading at a key pivotal level, as support and resistance converge, a break in either direction is...
Todays analysis – SPX – breaking bearish from its long-lived multi-month ascending channel Points to consider: - Channel support breached - Testing daily support and 200 DMA - Bearish price action - RSI breaking below 50 - Stochastics oversold SPX needs a daily body candle close below channel support for a bearish bias in the market. Currently retesting...
Todays analysis – SILVER - Consolidating within a long term descending triangle as it nears apex. Points to consider: - Strong resistance - 2.272 Fibonacci extension target - RSI above 50 - Stochastics overextended - Low volume SILVER unable to break structural resistance with multiple failed re-tests, however, price is quickly bought up as it retraces...
Todays analysis – BATBTC – Retracing from a multi-month triangle formation breakout (as explored in previous BATBTC analysis - link down below) Points to consider: - S/R flip retest - Support confluence - 21 EMA visual guide - Oscillators over-extended - RSI bearish divergence - Declining Volume BATBTC needs to hold the probable S/R flip retest at...