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...
my thoughts on the inverted HS and what to expect.
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...
if not short already, short the break and close below the trendline
Evening Traders, Today’s Analysis – CADJPY- trading in its Apex (Moving Averages converging) at daily support. Respecting the 200 MA will push price to a retest of local resistance. Points to consider, - Price equilibrium - 200 MA confluence - 21 MA Resistance (Apex) - Oscillators neutral - Volume below average CADJPY is trading in a valid...
Todays Analysis- ZECBTC – trading within a symmetrical triangle as it nears the apex. Points to consider: - Volatility Contracting (apex) - Consolidating above range median - 100 EMA (dynamic Resistance) - Declining Volume - RSI above 50 - Stochastics overextended As ZECBTC consolidates above range median, volatility is contracting as price coils into its apex...
Markets preview
9 days to go to the monthly close being end of Q2 and halfway through 2020. Looking to be a slightly positive 6 month push considering the drop to 4k in March has seen the journey back up to 10k to currently stall. For the week we start the open candle print below the consolidation and as written last week ethics market with volume dropping also is in value....
Todays analysis - IOSTUSDT – retracing to local resistance, trading in a bullish ascending triangle. Points to consider: - Support and resistance converging (apex) - Bullish ascending triangle - Bullish price action - 55 EMA – Visual guide - Low volume - RSI projecting higher lows IOST consolidating within an ascending triangle nearing its apex where a...
Today’s Analysis – ONT USDT - forming a symmetrical triangle, nearing its apex where a break in either direction is probable. Points to consider: - Apex approaching - Low Volume - RSI below 50 - 200 EMA (visual guide) ONTUSDT is currently trading within a symmetrical wedge formation that will break in either direction as the immediate support and resistance...
Sell 1/4 position at market here and on Sunday/Monday if we see small pullback use to add more .
My thoguhts on btc for the weekend - personally im staying out for now.
wait for an hourly close and join the party
12 days to go to the monthly close which is also the end of Q2. That’s right traders, we will be halfway through this year. Feels like 2020 has been 4 years in one already. Moving to the charts, BTC P action has trickled under consolidation with the print of two bearish candles however sticking around the consolidation zone. Really low volume again if this...
Todays Chart – BATBTC – trading in a multi-month triangle formation nearing its apex. Points to consider: - Support and resistance converging (apex) - Macro swing low failure - Low volume - RSI breaking below 50 BATBTC needs to hold local support for a break and of local resistance. However, failing to hold local support; a break to structural support is...
Short and sweet today as BTC needs to throw something decent down worth talking about. Trickle in price has seen p action drop as volume has decreased over the last 24 hours. P action is at the lower edge of the consolidation area,,,again. The longer P action prints within this range then either that apex will come into play or bulls don’t have enough steam to...
Todays chart – RVNUSDT – Attempting to break the symmetrical triangle formation as it nears the apex Points to consider: - support and resistances converging (apex) - Bullish Price action (sellers bought up) - RSI above 50 - Strong volume RVN trading within a mature symmetrical triangle where buyers have consistently bought up the sellers throughout the...