Looking at the number of factors BINANCE:NEOUSDT is preparing for the trend reversal and potential downward move. There is a number of reasons for this.
1) Price/Volume and Price/RSI divergence.
2) This divergence occurring next to the important resistance zone of $22.90
3) In the lower timeframe (2H) there is a "Sell Zone" between $22.5 - $22.9
ETH is preparing for the move! At the current state of the asset, the price does not show any strength or weaknesses of either Bulls or Bears. The decreasing volume is suggesting that the asset is going through the accumulation phase. At the same time, the price is bouncing around the POC of the current month.
Trading Plan COINBASE:ETHUSD :
There are two...
VPVR shows us that NEBL is at a very healthy price level.
The white lines around it shows the developing VA, value area; where all the trade is happening.
The POC, point of control, shows where the very most trading volume took place. It's the chalk blue horizontal line
We're at the bottom of this and the only way is up!
RSI is above 50; for me, this is a very...
Today’s analysis – NWCUSDT – testing daily S/R with a valid liquidity run, swing high is the immediate target.
Points to consider,
- Bullish trend (consecutive higher lows)
- Swing high ( trend pivot)
- Daily S/R (immediate support)
- Oscillators divergence
- 200 MA support
- POC liquidity run
The immediate trend for NWCUSDT is considered...
Interesting, if you look align the FIB with the VPVR and the top, you get complete alignment with my chart, interesting.
POC is still a possibility, as you know volume profile'rs, the POC is a magnet.
This Chart is becoming more interesting everyday...
I need a coder, willing to hire, if the price is right...lol.
The clear "P" shape of the profile and recent news of high profile investors selling banks and buying gold miners suggest quite a strong opening this week in gold.
I find the GBP gold price to be less prone to being pushed around by competing trading strategies that can muddy the USD gold price.
Significant upside to above GBP1580 while unlikely, cannot be ruled...
XRP on the weekly chart is still in an overall downtrend but it’s showing bullish signs. Currently trading just around it’s 20ema, also it’s point of control YTD as seen on the volume profile . If we can close above this with above average volume (+104.655M), we can expect more bullish sentiment to follow. I’d be looking to see a brief some resistance around the...
1. PK is in a strong support level
2. respected MA20.
3. Oversold RSI.
i bought a 1% risk position, and will add more (averaging) if it goes lower.
Next buy target is the strong weekly + vprofile level. This level is the point of control for volume profiling indicator.
EURUSD Analysis for 5/11/20
EURUSD is showing a bias to the downside. Multiple candles have failed to break the volume profile POC to the upside which gives even more confirmation that the pair should be short. MACD < 0 and it seems that it will crossover the signal the line giving another confidence booster. I hope you enjoyed the analysis and do not forget to...
follow the macro weekly trend strength on SPY
until we get multi-week trend down I wouldn't be overly bearish for macro. we closed the week at the top edge of current price zone (254-294) and 302ish is top of the next zone when we break 294.
I see us working into the low volume node beginning at 302 and then us pushing through to 320 where we can see the macro...
Today’s Technical Analysis will focus on LTCBTC which is testing a key trade location with multiple technical confluences.
Points to consider,
- Sellers in control
- Key trade location being tested
- Local support next viable target
- RSI neutral
- Stochastics in lower regions
- Volume climax nodes
LTC breached key technical structural...