The pair is inside two different channels, thew bigger one is a bearish channel and eurocad is touchng the resistyance line for the second time (we can even notice a confluence witha horizontal resistance which is represented by the red line, price has been rejected multiple times in that zone that goes between 1.571 and 1.579), then the second small bullish...
Thought I'd share my some of my morning notes given the new month. Best of luck today!
Todays analysis – FTM/USDT – consolidating at a pivotal level as trend support and structural resistance converge. Points to consider: - Key level (apex) - Swing high failure - Immediate target (structural support) - 200 EMA Support Confluence - Low volume - RSI bearish divergence Price is coiling into its apex as trend support and structural resistance...
Todays Analysis – STX/USDT – Retracing to establish an S/R flip re-test of daily support. Points to consider: - Healthy Up-trend - Support Confluence (key level) - Declining Volume - Oscillators Below 50 STXUSDT needs to hold the re-test of the daily support zone to form a higher low on the chart and continue its bullish uptrend. The Support cluster also...
Today's analysis – TRONBTC – Trading at a key pivotal level, putting in an S/R flip retest. Points to consider: - Valid head and shoulders (neckline breached) - S/R flip retest - 200 EMA support Confluence - 21 EMA (visual guide) - Low volume - RSI trading above 50 - Stochastics buy cross TRXBTC has breached its inverted head and shoulders neckline,...
Todays Analysis – DLTBTC – Trading within a range as price retraces to test daily support Points to consider: - Support confluence - Declining Volume - RSI below 50 - Stochastics Oversold DLTBTC needs to hold daily support upon retest as it confluences with the .618 Fibonacci resistance to substantiate the thesis of a long trade to structural resistance....
OGN BTC Today's analysis – OGNBTC – Continues its upward momentum as it holds support at key level. Points to consider: - Support Confluence (key Level) - .618 Fibonacci retracement - 55 EMA (visual guide) - Low Volume - RSI breaking above 50 - Bullish Stochastics OGN showing signs of trend continuation as price respects daily support in confluence with...
Today's analysis – BTC USDT – Forming a probable descending wedge following a strong rejection at trend resistance Points to consider: - Macro trend bearish - Descending wedge pattern - Below average volume - RSI neutral A strong price rejection at trend resistance, forming a lower high on the chart indicates downtrend continuation for BTCUSDT. Trading...
Today analysis – MITHBTC – Forming a higher low, consolidating above daily support validating a long trade to technical targets above. Points to consider: - S/R flip Retest (trend reversal) - 100 EMA (support confluence) - Inverse head and shoulders - Low volume - Oscillators neutral MITHBTC trading in a healthy uptrend forming a lower high with a valid S/R...
Todays Analysis – ALGOBTC – Forming a potential head and shoulders pattern, trading at a key level within a multi-month descending channel. Points to consider: - Range Median – key level - Head and shoulders - Low volume - RSI below 50 - Stochastics oversold ALGOBTC has found support at the range median of its descending channel. Price holding above the...
Today's chart - BATBTC – Consolidating at key support; a successful re-test validates technical targets above. Points to consider: - Trend Reversal - 21 EMA visual guide - Hidden bullish divergence - Stochastics oversold - Low Volume BATBTC testing trend support after a strong bull move into daily resistance, price respecting support level will form a...
Todays analysis – SILVER - Consolidating within a long term descending triangle as it nears apex. Points to consider: - Strong resistance - 2.272 Fibonacci extension target - RSI above 50 - Stochastics overextended - Low volume SILVER unable to break structural resistance with multiple failed re-tests, however, price is quickly bought up as it retraces...
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...
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...
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...
Todays chart – IOTXBTC – testing resistance of the descending triangle formation as it nears the apex. Points to consider: - support and resistances converging (apex) - Trend bearish (consecutive lower highs) - Bullish Price action (testing resistance) - Support confluence - RSI above 50 - Low volume IOTX has formed a mature descending triangle (typically...
Todays Analysis - LCTUSDT - consolidating in an ascending triangle, on its 3rd attempt to break structural resistance Points to consider: - Multi-confluence resistance - Fibonacci retracement levels (visual guide) - Declining volume - RSI below 50 LTC USDT has been lagging considerably behind the broader market failing to break its multi-confluence...