Hello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
See the previous Link here for the original analysis:
Master Key for zones
Monthly imbalances:
The amount of data here is not a huge amount but the Fibonacci sequence has already completed a extension pattern on a monthly timeframe and provided imbalances which helps distinguish zones of probabilities where price can offer sell positions and respective buy positions.
1. The $36 high to $24 is a huge imbalance at the current moment but when aligning the price position creating an all time high. Price will reject here due to the newly created zone, where the imbalance of sellers will take over and created a lower correctional zone in a previous monthly imbalance or weekly. .
From a Fibonacci viewpoint.
The monthly zone creation at $20.00 provided the first opportunity for a correctional move down to the weekly imbalance fill between $8.95 to $4.5 dollars, however, using the Fibonacci tool - the imbalance fill is at the top of the zone where correctional moves have used the pivot reference of 61.8% as the optimal zone for probabilities for positional buying.
Here, the imbalance has been filled with the monthly July 2020 imbalance filled with a net close out from the sellers, signifying to buyers - the price ladder is now inefficient with sellers and buyers can take over.
Weekly Imbalances
The weekly imbalances have been previously tested, where the weekly imbalance candle provided a "breather" upon the bullish impulse move.
Price created a fractal point offering buyers a discounted opportunity to create a base zone.
Price has re-tested this imbalance and filled the liquidity wick.
The latest re-test has successfully filled in the imbalance at $23.7XX where price has rejected again and showed a highly favoured probability to become bullish further.
Daily imbalances
The new daily imbalances are in place offering a strong opportunity for price to show an opportunity to add a position.
The latest daily imbalance has been rejected by the sellers and now in control with the buyers.
The daily trendline pattern 'X' offers a cross opportunity to add a position upon a breakout of the trend, however, the real addition zone here is once $29.3 is successfully filled.
The cross analysis between relevant Crypto coins:
Key:
Red = XTZ USD
Orange = ETH USD Ethereum
Purple = OMG USD OMG Network
Using the comparison of what assets move in sync with this, it is clear that Etherium, OMG and Tezos have clear correlation with Chainlink within 0.9+ positive correlation.
Other comparable assets are EOS which is noticeably picking up traction towards creating a new imbalance.
The defined zones can be outlined in separate screens for defined imbalances - this is just to show the correlative aspect of where price is driving towards - i.e a monthly imbalance zone re-test.
Do you enjoy the setups?
Professional analyst with 5+ years experience
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
See the previous Link here for the original analysis:
Master Key for zones
- Red = Three Month
- Blue = Monthly
- Purple = weekly
- Scarlet - Four day
- Orange = Daily
- Magenta = 8 Hour
- Grey = 4hour
- Pink = 1 hour
Monthly imbalances:
The amount of data here is not a huge amount but the Fibonacci sequence has already completed a extension pattern on a monthly timeframe and provided imbalances which helps distinguish zones of probabilities where price can offer sell positions and respective buy positions.
1. The $36 high to $24 is a huge imbalance at the current moment but when aligning the price position creating an all time high. Price will reject here due to the newly created zone, where the imbalance of sellers will take over and created a lower correctional zone in a previous monthly imbalance or weekly. .
From a Fibonacci viewpoint.
The monthly zone creation at $20.00 provided the first opportunity for a correctional move down to the weekly imbalance fill between $8.95 to $4.5 dollars, however, using the Fibonacci tool - the imbalance fill is at the top of the zone where correctional moves have used the pivot reference of 61.8% as the optimal zone for probabilities for positional buying.
Here, the imbalance has been filled with the monthly July 2020 imbalance filled with a net close out from the sellers, signifying to buyers - the price ladder is now inefficient with sellers and buyers can take over.
Weekly Imbalances
The weekly imbalances have been previously tested, where the weekly imbalance candle provided a "breather" upon the bullish impulse move.
Price created a fractal point offering buyers a discounted opportunity to create a base zone.
Price has re-tested this imbalance and filled the liquidity wick.
The latest re-test has successfully filled in the imbalance at $23.7XX where price has rejected again and showed a highly favoured probability to become bullish further.
Daily imbalances
The new daily imbalances are in place offering a strong opportunity for price to show an opportunity to add a position.
The latest daily imbalance has been rejected by the sellers and now in control with the buyers.
The daily trendline pattern 'X' offers a cross opportunity to add a position upon a breakout of the trend, however, the real addition zone here is once $29.3 is successfully filled.
The cross analysis between relevant Crypto coins:
Key:
Red = XTZ USD
Orange = ETH USD Ethereum
Purple = OMG USD OMG Network
Using the comparison of what assets move in sync with this, it is clear that Etherium, OMG and Tezos have clear correlation with Chainlink within 0.9+ positive correlation.
Other comparable assets are EOS which is noticeably picking up traction towards creating a new imbalance.
The defined zones can be outlined in separate screens for defined imbalances - this is just to show the correlative aspect of where price is driving towards - i.e a monthly imbalance zone re-test.
Do you enjoy the setups?
Professional analyst with 5+ years experience
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXI
