Evening Traders,
Today’s Analysis – TRXBTC – breaking out of an inverted head and shoulders where price consolidation above key levels will change the trend.
Points to consider
- Neckline breached (Pattern Validation)
- Daily support breached (Golden Cross confluence)
- Structural resistance confluence (Technical target)
- Oscillators cooling off
- Volume...
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...
Today’s Chart - TLRAY INC – Currently consolidating in a bull-flag formation above structural support.
Points to consider:
- Structural support retest (S/R Flip confirmation)
- Bull-flag formation
- Below average volume
- RSI trading above 50
TLRAYs S/R flip has been confirmed with a retest of structural support, the immediate target now structural...
Evening Traders,
Today’s Analysis – XLMBTC – must hold range median upon a retest to test structural resistance (range high)
Points to consider,
- Range median (local support)
- S/R flip retest must hold
- Structural resistance (Immediate target)
- Volume below average
XLMBTC’s range median is in confluence with local support, a trade location where an S/R...
Evening Traders,
Today’s analysis – CADCHF –broke local resistance from oversold conditions; next technical target is at structural resistance.
Points to consider,
- S/R Flip retest
- Structural resistance (trade location)
- RSI above 50
- Stochastics in an rising wedge
CADCHF needs to put in an S/R flip retest to validate support, this retest will allow...
Today’s Technical Analysis – USDCHF- trading in equilibrium where a break is imminent
Points to consider,
- Structural resistance (bearish retest)
- Declining volume
- Apex
- RSI at 50
A break in USDCHF will be imminent as price continues to reach its apex. The support and resistance lines will converge leading into a break in structure.
The structural...
Today’s Technical Analysis – ETHBTC – testing a weekly level with an important candle close
Points to consider,
- Weekly structure
- S/R flip
- Volume below average
- Structural resistance
ETHBTC is testing an important weekly zone that must remain as support to further solidify the S/R Flip.
A bullish candle close (hammer candle) on a weekly structure...
