Daily chart show buying accumulation. Current price is at natural bouncing zone, it may react at the lower compression edges, yet the next visible target is the order flow zone above.
The price stopped the 4H downwards trend yesterday (sharp Aqua line) and started going up but is compressed between that and the short-term downwards trend (Aqua line on the top) . This downwards trend might however come at a crossroads with the medium-term Weekly uptrend (Red line for the latest one and Orange line taken from a low before). The horizontal blue...
BTCCNY is hovering over the cloud, RSI at 50 level prone to down, OBV making lower highs and higher lows. This is right in the middle of bulls and bears, compressing a lot, possible big move one direction or the other. Most probable for now is to keep hoovering over cloud untill new leg up.
THIS HAS BEEN ADDED TO MY WATCHLIST - PRICE LOOKING EXTENDED OVER A NICE PERIOD OF TIME.....LOOKING FOR PRICE TO SET UP AS MY TRADING PLAN SUGGESTS AND GO LONG... LET PRICE DO THE TALKING,.....
The Price Action shows a Bullish Compression to sustain the momentum. When the momentum was exhausted the price dropped strongly. Here the price action dropped so much and so strongly to took out the lowest demand level, marking a new low. What do you think about this currency? Thank you Girolamo Aloe
WTI Oil continues to trade within the tightening range that we covered earlier, with recent attempt to break above it failed - price is back at the mean. Since our previous overview the range tightened down to 48.5-42, making the potential break from it even more powerful, as the longer the price sits within it, the more energy it has for a potential move away...
It is a very interesting and highly explosive situation now on WTI OIL market Price has been trending laterally since the start of September, causing volatility on quarterly basis to contract unusually tight (measured by 1.25 standard deviations from quarterly (66 day) mean) It means that when price eventually breaks from the 1st standard deviation, a move in...
Natural gas is trading sideways within 1st standard deviation on quarterly basis (in relation to 66-day mean) since May 2015. This creates good trading opportunities for those who know how to deal with the lateral chop in the markets. Within compressing volatility (measure by 3.2 st deviations from the same mean), traders can pick longs and shorts toward the...