Just caught a really good trend. Price rejected the resistance at 1.08859 and started to put down heavily. The bears took the charge big time. RSI and Stochastic were in heavily bought territory. MACD crossed over and i enered. I got in this one at around 1.08742 with SL at 1.09000 (placed after the recent high as i didn't think it would reach that high again). TP...
Evening Traders, Today’s Technical Analysis – BNBUSDT – wedge formation has broken bearish, testing local support (demand zone), which has led to buy backs. Points to consider, - Resistance Confluence - Bearish retest - Local Support (Demand Zone) - Stochastic lower highs - RSI below 50 Long candle wicks confirm buy pressure coming in at local support,...
My trade yesterday looks to have gone to plan. I got in just after the highest high as illustrated on the chart. As you can see both Stochastic and RSI proved that the market was being over bought. This points to a sell. The resistance at 1.08505 was passed with flying colours but volatility soon started to fade. Then MACD crossed over which pinpointed my entry...
As a continuation of my last post it looks like price has smashed though the resistance i thought t would stop at and shot right up to the next one. RSI and Stochastic starting to heavily indicate overbought conditions. Waiting for MACD cross over before entry. We might see a reversal on the next resistance at 1.08528
Evening Traders, Today’s Analysis – LINKUSDT – clear break out failure, trading back into its range most likely to form an equilibrium, how price action forms will dictate the next probable move Points to consider, - Overthrow failure - Demand zone respected - PA Consolidation - Range trading (local support and range median) - Volume climax Price recently...
Evening Traders, Recent developments on LTCUSDT have not been much, lagging behind the broader market in general. From a technical stand point it needs to break above the weekly resistance zone for an impulse move. Points to consider, - Immediate trend bullish - Resistance multiple confluences - RSI above 50 - Stochastics buy cross (larger time...
Evening Trader’s, Today’s Technical Analysis – XTZBTC- bouncing off from its trend line, an area of significance for the overall market structure Points to consider, - Macro trend line holding - Structural support confluence - Resistance test sell off - RSI below 50 - Stochastics buy cross - Volume below average XTZBTC is respecting its macro trend line...
Evening Traders Today’s Technical Analysis – TRXUSDT – trading in a small range with defined levels to breach for either a bull or bearish scenario. Points to consider, - Bullish trend (higher lows) - Structural resistance (triple top) - Local support holding (wicks) - RSI possible divergence (Further confirmation needed) - Stochastics momentum down - Volume...
Evening Trader’s Today’s Technical Analysis – COTIBTC – trading at local support, a break of the 21 MA will further confirm a rally in to local resistance. Points to consider, - Local support holding - Valid bullish divergence - 21 MA current resistance - RSI below 50 - Stochastics projected up - Volume below average COTIBTC is trading at local support...
Evening Traders, Today’s technical analysis – NZDUSD – recovering from an oversold bounce closing back into key structure where a test of local resistance is likely Points to consider, - Trend bearish (lower highs) - Oversold bounce - Local resistance confluence - RSI at 50 - Stochastics valid sell cross - Volume climax evident Consecutive lower highs for...
Evening Traders, Today’s technical analysis – S&P 500 lndex – breaking out if its rising wedge structure, respecting strong upper resistance, it is likely to establish a macro lower high. Points to consider, - Bearish trend structure - .618 Fibonacci Resistance - Local Support retest - RSI testing 50 - Stochastics bearish divergence SPX Index is in bear...
Evening Trader’s What a historic day in Bitcoins price – assessing the situation, Bitcoin is trading in a probable broadening wedge pattern on the weekly timeframe. Points to consider, - Immediate trend parabolic - Resistance line tested - Moving Average support - RSI crossed 50 - Stochastics projected up - Volume tapering of BTC has had an insane pump...
Evening Traders, Today’s Technical Analysis – CGC - impulse move into resistance where CGC is likely to range trade. Points to consider, - Macro trend bearish - Resistance confluence - S/R Flip retest - RSI above 50 - Volume climax CGC’s macro trend has been putting in consecutive lower highs with a recent sell of ending with an oversold...
That way bulls and bears can win XAUUSD Check the stoch.
Evening Traders, Today’s Technical Analysis – USDCHF- a clear symmetrical triangle at pay, price is approaching its apex before an imminent break. Points to consider, - Trend Bullish (Consecutive higher lows) - Support and Resistances converging - RSI neutral (Above 50) - Stochastics in upper regions - Volume declining The immediate trend is bullish with...
Evening Traders, Today’s Analysis – XTZBTC – a highly probable fractal at play, the .618 Fibonacci coinciding with the overall trend line perfectly. Points to consider, - Trend Bullish - Impulse move from .618 Fibonacci - RSI neutral - Stochastics in upper regions - Similar volume profile XTZ’s trend is bullish with consecutive established higher highs,...
Evening Traders, Today’s technical analysis – BTCUSDT – breaking its heads and shoulders pattern with a technical target situated at around $6100. Points to consider, - Trend Bearish (Neckline breached) - Rising Wedge broke with a retest - Structural support holding true - RSI below 50 (Not officially oversold) - Stochastics below 50 (Sell pressure...
Evening Traders, Today’s Analysis – ETHBTC – forming a potential bull flag above a key level, volume influx is needed for confirmation, Points to consider, - Trend bullish - Confirmation of S/R Flip - Bull Flag confluence ( .382 Fibonacci) - RSI neutral - Stochastics above 50 - Volume declining ETHBTC's trend has been bullish, breaching a very key...