If this is an Inverse Head and Shoulders chart pattern, 4200 is the target. What we need to see is the price get above the recent POC. Blood is in the streets. The Fed needs to get some new expectations out and deliver some news that comforts the market. Or this is their way of creating financial turmoil that gets job losses that crushes the demand. You choose...
You can use these levels for your trades, because I am pretty sure we will see a reaction on all of them! These levels will be respected even on the 1-minute chart, so do not underestimate them! If one of these levels is destroyed, it's likely that the price will move to the next level specified on the chart. On the bullish side of the chart, we have a strong...
Digibyte on many charts is breaking out of a falling wedge while showing us a 3 Line Strike on the monthly and on these charts the macro move you'd expect would take s between 12 and 20 cents, with that in mind i now look on the more liquid Bybit Chart and can see that 12 cents would be the 1.618 Extension and that it is currently trading above the POC after...
AUDUSD pair successfully broke below the wedge pattern as I mentioned in the previous analysis. However, it seems that more liquidity is needed to support the downward movement. It's likely that the price will undergo a corrective movement towards the level of 0.6680, which is a very important level where the broken trendline, Fibonacci level 23.60, and the moving...
CME_MINI:ES1! is breaking the 10 day trend line. Key levels to watch for as shown 3933 - 10 D POC level - if this holds, this trendline break might be considered a false one and we might see a bounce higher - otherwise, I see a lots of trapped longs above this level. We might head towards 3890
Ambev after bouncing from the PCZ of a Bullish Gartley has held and consolidated marginally above the PCZ and while doing so has shown signs that it could continue up higher from here without a secondary retest of the 0.786 as it has Recently Broken out of a Bullish Dragon and Bounced from a smaller Bullish Shark on the Daily as well as holding the POC of the...
Today’s analysis – ETHUSDT – trading at a very pivot where a bullish expansion is probable, Points to consider, - Price Action Corrective - POC Support - .618 Fibonacci Pocket Support - Daily S/R Support ETHUSDT’s immediate price action is trading at a key support region that is in confluence with the .618 Fibonacci, POC, and the Daily S/R – allowing for a...
Signs of reversal, market structure choppy. Flat correction in consecutive double three zig-zags on the upper boundary of a macro diagonal after an complete impulsive wave; lower highs with decrease of volume, showing lack of confidence by the buyers-side, as shown on Weis Wave Volume indicator; overbought condition. Harmonic patterns: potential bearish Crab...
Evening Traders, Today’s analysis – DOTUSDT- rejection of from a key level and is now rotating towards the lows, Points to consider, - Price action impulsive - POC S/R Support - .618 Fiboancci Support - Range VAL Support DOTUSDT’s immediate price action is trading towards an area that has technical confluence with the .618 Fiboancci, VAL and the POC...
This is a sequel to my previous idea . As we predicted, BTC substantially formed a bearish seahorse pattern, which induced a sharp drop already matching a roughly 1.5 BC extension from point D. I expect a bearish dragon follows next. The target is 0.786 retracement from the top to the "tail" (point X) of the sea horse, which is approximately the 21200-21250...
Evening Traders, Today’s Forex Analysis – EURUSD – trading directly at its VAH where a rejection is plausible, Points to consider, - Price action impulsive - POC S/R Support - Daily S/R Support - .618 Fibonacci Confluence - Psfp Confluence EURUSD’s immediate price action is rejection from its VAH, increasing the probability of a pull back into support...
15 min engulfing, volume profile indicates large order blocks above and below price. I think with the bullish engulfing we will rise through Tokyo session and drop down to the Point of Control (POC Line - Yellow) during the NY session
ETH is resting at short term Point of Control at 1175 / 1235 range. If this point of control is lost we can test the 1200/1000 levels and pursue further sell pressure. All time historical Volume point of Control is between $100 and $200. If you are leverage trading make sure you set your stop losses near the low volume ranges where the price can lose stability...
The asset is traded on volumes. The price approached a strong resistance level on the round number - $ 1.2. We can observe periodic flashes of volumes that ended in shadows, which indicates the weakness of the buyer. An inclined level in support has formed, we shake it. I expect a breakdown and movement to the volumetric level of POC - 1.135$
The value areas of this range a very nicely respected along with its POC.
The price broke through the inclined level and fixed higher. The coin is traded on volumes. After the impulse, we returned to the retest. At the bottom there is support for the POC level, stop for the level. I recommend entering the position from $ 4.723. First goal - 4.85$
We have broken into a Naked Value Area, many opportunities awaits~! Let's see if the bulls can take control. Two key levels to watch before reaching the other side of the Value Area.
The bull movement was considered reversed but the geons suggest otherwise.