Descending wedge paired up with descending volume. Looks like we could break out tomorrow or Friday with a resistance of .74 and if broken a bullish continuation.
#Ethereum ETH looks to be printing another pair of stair stepping inverse head and shoulders with beautiful precision retests off the .50 Fibonacci What Happens Next...?
As you can see, on the 1 hour chart, the trend has been very bullish lately. However, there has been a recent pullback. We are looking for a buy opportunity on the open next Monday, as a trend continuation trade. My reasons to believe price will keep pushing upwards are the main confluences that hint toward this move. - Fibonacci retracement 50.00%. - Many...
#1INCH The bear market trendline has just been pierced and closed above with beautiful volume. This is exactly what we like to see during a Wyckoff Reaccumulation Flag
#MATIC This looked like a simple flag initially, which is a great bullish continuation pattern, but since has evolved into a #Wyckoff Reaccumulation Schematic. The latter is actually a healthier option, and one which usually warrants less pullbacks vs the simple flag, that very often comes with sharp retraces. The Volume is perfect, the OBV is perfect, the...
Daily timeframe, using volume profile shows a drop to 7.6 is likely a 1.7 R:R trade seems reasonable
#MATIC This Simple Flag following the breakout with volume is exactly what we want to see. If one large and full body candle had large volume and a #doji that had more couldn't retrace any distance to speak of, do you think up or down has more pressure pushing it ATM...?
Below is the description of the accumulation phase potential development of the CRV/USDT cryptocurrency pair. After reaching a local minimum in November 2022, when CRV was trading around $0.3982, there was a convincing upward movement that led to a significant increase to $1.29. During this period, the asset demonstrated a growth of more than 225%. Subsequently,...
#EWT This beautiful falling wedge or #bullflag has all the mechanics of a #Wyckoff Accumulation Schematic built into it, which can be seen by #volume tells in all the right places. After The low was breached note the negligible #volume, then observe the volume on the first solid bullish candle to break through the #wedge. What we want to see after is the...
#ETHBTC The Broadening Wedge has a track record of being one of the most brutal patterns for emotional Traders to navigate, but if we peel back the layers to see what's happening of actual importance, that's when things start to get really interesting, IMO. This is very possibly a textbook Wyckoff bottom. It's presenting all the signs of what we want to see plus...
#LUKSO #LYX & #LYXE have a small market cap and a history of coiling then spiking 100%'s followed by deep retraces before blasting further to the moon. The most important indicator that ties all the others together is #Volume IMO. So if we use #Volume to gauge #support & #resistance it gives us an X-ray view through the noise. First note the hike up the...
#LINK After a beautiful ABC correction after an Impulse wave #Link has taken multiple shots and cracked up through resistance and is now coiling up and stair stepping on top of support. When PA is as clean as this, with volume in all the right places. Yes there is incredible potential for clean gains, but more than that it's a spectacular example to learn from...
AI's EUR/USD Falling Channel & Breakout Odds with Scalping Range D ear Valued Investors, Introduction I would like to provide you with an update on the trading bots' activity. They have been diligently following a short position initiated at 1.101, see the idea above the chart, and I am pleased to inform you that the trade has been successful, as indicated...
We're discussing the development idea in the accumulation phase for the AAVE/USDT crypto pair. In June 2022, there was a notable decline in the asset, hitting a local bottom of the existing bearish trend at $45.80. However, it confidently surged from this level, reaching $115.27, showing over a 150% increase . Later on, the asset chart displayed the formation...
🚀 Trade Overview: I've identified an exciting trading opportunity on the FUNUSDT pair on Binance, leveraging the power of volume analysis for potential substantial gains. 📈 Entry Point: Initiate the trade now at 0.006239. The decision is rooted in the belief that volume is the true catalyst for market movements, as opposed to relying solely on price action. 🎯...
Dear Investors, Chart Explanation I believe if Tesla doesn't break out from the bearish triangle, it could downtrend to $225. This is the target price of multiple scenarios. The stock is volatile enough to fall to this price without additional confirmation. However, if the price meets the resistance trendline I marked with red, it can still spiral into the...
It's not yet time for hype. I expect another strong drop and take most of the profits at this moment. No volume reaction = No fresh money.
Below is a trading idea for the SAND/USDT pair. Since the beginning of October, this asset has shown a consistent upward trend. Starting at $0.2739 and reaching a current high of $0.5970 , it has grown by more than 114% . The trend line, acting as support, confirms continued interest from buyers in this coin, having held up through three significant approaches....