Maker has gotten pounded over the past year, beaten all the way down to its 2019 accumulation range. Looks quite intriguing, severely oversold with a few on chain whales shuffling in. Looks like do or die for this coin in this range - however R/R looks good added to the watchlist.
Fundamentals The Chinese market has not performed rather well year-to-date, which makes the price action of VIPS that more impressive . Despite the wider market struggling, the firm showed strong growth last year with 35% growth in earnings. The recovering Chinese market might propel even more demand (which is the Chinese government actively supporting)...
Here's the EOS/USD 1W Chart on Bitfinex(long history). Right now we can see the horizontal channel forming. In this channel harmonic pattern on daily TF formed and worked out the first target, which is the middle of this local horizontal accumulation channel, in terms of 1w TF. Now we're near the support of this channel 0.86$. Recently the big amount of EOS were...
The price trading inside tight accumulation range and now near the support level of 1380. Price formed strong base which showing price can given breakout in coming trading sessions. Price forming low risk & high reward setup. My initial targets will be 1440/1477/1522+ for the upside. Above 1455+ closing will give a massive breakout in the price and price sharply...
Assessing the market according to the wyckoff method, we see a classic accumulation in the attached chart. 1.2.3 - Shortening of Thrust - smaller and smaller distances between particular lows on the chart. A sign that sellers are losing power. 833.263.173 - decreasing volume on lows. The numbers in the chart are the sum of the number of shares sold on swings...
We have a good amount of Bullish Divergence at the Support level of a long standing range as well as what looks to be a future W shape that could take us up to a minimum of $30.
Dear TradingView community and fellow traders, I am Richard, also known as theSignalyst. I find the BTC weekly chart to be intriguing as it appears to be following the famous Wyckoff Cycle. I would like to apply Richard Wyckoff's four market stages/phases to this chart for analysis as a practical example. 1️⃣ Distribution BTC appears to have rejected the...
This is the bigger picture of the main Idea that I posted on the Daily time frame. Here we can see the accumulation with the beautiful volumes in the demand zone of the range. The level of control can be seen on the daily time frame in the attached idea and it is in the same are of the demand zone. So the Level of control is validated and playing an important role...
Price is playing around an important level of control, it's clearly accumulating above it, we can see this accumulation in lower time frame, but the daily time frame is to understand what the volume is telling us. EURUSD clearly don't wanna fall soon, so I predict yo see price moving to the liquidity zones upside, and we will see how price will react with each of...
everything has been confirmed using MA200 plus adding a reversal trend following mid-May 2023 to 2024 onward. correction point would be expected to be around 24800 price point with confirming accumulation breaking trend upward of 31300 point, but a rejection point seems to be expected here minor shorts may be happened due to heavy buying and selling. overall if...
- Accumulation phase along with low volume may indicate we have started to halt shorting and may return to an imbalance marked by the white Rays, Good signs shown early in NY session, we will monitor this price action as the week continues. Disclaimer : Not financial Advice, I am not a Financial Advisor
GBPUSD seems like it will not fall. A big consolidation is taking place in the daily time frame. In the intraday frame this could be a good trade to catch, a lot of positions already been accumulated in the demand area down.
This is the structure I have been discussing on Twitter, YouTube, and elsewhere since the June 2022 swing low. Wyckoff methodology indicates that it is likely accumulation. The Elliott Wave count may or may not be correct locally. We want to see an impulsive breakout above that ascending red dashed resistance to signal that the wave ((ii)) flat structure may be...
This fractal pattern has played out 2 other times in the charts and looks like it could play out again. Both in 2017 and in 2021 XRP broke out of is descending resistance and then started to bleed back to its trend line. This 2023 fractal closely resembles the 2017 fractal, if we start to see a slow bleed into the 4th quarter of the year, watch for 1 strong...
BTCUSDT had an accumulation phase of 270 days, which is a period of consolidation before a potential move in either direction. After the breakout from the accumulation phase, the price is now heading towards the first weekly resistance level, which is at a psychological price level of $30,000. It's possible that the price may reach this level and experience a...
I've made several BNX analyses over the last couple of months, but after the 100:1 swap the token has only been losing value. However, after a 1 month+ accumulation phase BNX has finally broken out and is looking for more. I'm waiting for a move above the dotted resistance before considering an entry. Patience is key here. Targets in blue.
Ran into this 'AMD' concept on Twitter, never looked at charts as such. Can this NASDAQ:SMH Daily chart play out as such? Does it make sense to indicate Accumulation Manipulation and probable Distribution like this, or do we need more for this (?) Keeping an eye on it this way is harmless. Let's watch and see how it plays out. Always keep learning.
Evening Folks, Here I provide some context around my analysis on Solana and I predominantly focus on specific technical criteria, I am a structural price action trader. I think retail is sleeping on this giant - letting it drift away from portfolios via the uncertainty of its future, similar to that of Ethereum in 2019. This is fair, as an investor, to be wary...