I am still in favor of this narrative. Using TTM Squeeze VSA & AVWAP the lack of conviction in the charts MM not favoring lower prices currently.... but volume still hasn't rolled in with price well under the lower band of the AVWAP.
Invalidation: print of 1 hr doji candle followed by high spread/high volume candle to the downside & TTM failure to cross 0 line...
Markets are trying to consolidate and rally to higher highs on the daily chart - but running into resistance at this moment on the intraday levels. Possible upside and downside intraday targets are discussed.
Long term markets are still long, but price action and VWAP analysis is showing weakness today and yesterday which may roll over into a further correction down in price. The VIX is a little less bearish about market direction on an intraday basis.
My bias is down or sideways. There is an increasing amount of resistance to the upside and not a lot of base building...
SPY sellers have been in control since March 29, and today finally hammered the SPY down below a significant support daily chart support level - finding support at the AVWAP drawn off of the March 15th Fed rate hike. I believe the support level that was gapped below today will be tested as resistance in the near future. If it fails off of that support level, I'd...
Citigroup recently broke through swing high AVWAP implying a nice chance for more upside.
I'm in May 70/75 Debit Spreads here to play any run up to ER as well.
Looking for a move similar to AUG price action .
Rejection at AVWAP invalidates the trade . Emergency FED meeting and rate headwinds, along with Russia and Covid - keeping positions small and...
Today once again ADA is touching important averages.
If you are interested for buying this token, right now is one of the best levels with really good RISK:REWARD Ratio. It can touch 4.50 usd in mid-term
As always, do your DD and follow me for news and more.
Thanks for reading.
Penn on the weekly pretty bullish set up from a technical perspective for a swing trade going into EOY.
Nice base forming with a weekly close at the 21EMA, however strong resistance zone $84-86 .
Want to see a break of this, followed by possible retest similar to DEC 20 price action before continuing to the upside.
Failed break of resistance zone invalidates...
Disney daily appears to be going through wyckoff accumulation and currently appears to be in Phase D before Phase E breakout.
Retest of AVWAP, now we go.
Looking for the volume shelf/AVWAP to hold, otherwise invalidates the trade.
$188 Alarm for entry
BTC's move is powerful with a lot of volume. Though we got a decent reaction this is not bullish in my eyes. We've swept all the lows highlighted in green. Moving like a boss GP to GP. Looking for a move to the confluence of resistance at 49k. After that we can evaluate how the strength in the market is, if monthly open can then hold it would be bullish...
This week bulls need to defend the AVWAP level at 222.47
Sellers may be exhausted here and a reversal is implied looking at historic similar volume and price action. However, break below could see 215/210 zone as next level of strong support. Would be backing up the truck and loading longs if we get a chance that low.
BINANCE:ICPUSDT trying to break key resistance level.
The price is approaching AVWAP formed since it appeared on the market (pink line) and for the 4th time it's trying to break key $70 level. Next stop is $100.