Today’s Technical Analysis – LINKBTC - trading in a clear long term uptrend putting in consecutive higher lows. Points to consider, - 200 MA support confluence - Double top resistance - Structural support (trade location) - Stochastics projected own LINKBTC has been respecting the 200 MA where a retest usually ends with an impulse move up. Structural support...
Today’s Technical Analysis – GTII – trading in a valid rising wedge where a break back to structural support is likely. Points to consider, - Range median (Local resistance) - Structural support retest (S/R Flip confirmation) - RSI divergence - Stochastics in upper regions - Noticeable bull volume GTII’s range median is an important level marking the apex...
Today’s Technical Analysis – GOLD – trading in an equilibrium likely to retest high time frame resistance upon a break Points to consider, - Confirmed break and retest for validation - Define risk at recent swing low - Technical target at HTF resistance - Price action to monitor Gold needs to break its current resistance and establish a retest which will...
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,...
Evening Traders, Today’s Technical Analysis – BTCUSD- post halving, currently trading in a define range where a breakout at either ends will solidify a directional bias. Points to consider, - Bearish retest confirmation - Range Trading - Demand zone buy back - RSI higher lows - Stochastics above 50 - Volume climax Bitcoins recent bearish retest confirmed...
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 Trader’s Today’s Technical Analysis – BTCUSD – entering a new range by breaching structural resistance, a trade will only be valid with a retest of structural support (long) and or break (short) with a bearish retest. Points to consider, - Strong bull trend - Retest of High time frame structure - RSI overbought - Stochastics momentum up - Strong...
Evening Traders, Today’s Technical Analysis – CURA – holding a key support with the current volume clearly declining, a move will be imminent with a subsequent influx. Points to consider, - Macro trend bearish - Resistance confluence - Structural support being tested - RSI above 50 - Stochastics projected down - Declining volume CURA’s overall trend is...
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 - USDCAD - rebounding at a technical level after and impulse move down, price is likely to test structural resistance Points to consider, - relief rally after impulse sell off - 200 MA current resistance - Local support retest (higher low) - RSI above 50 not oversold - Stochastics projected up - Increasing...
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 Traders, Today’s Technical Analysis – NFLX – confirming an S/R flip, on the verge of a blue sky breakout if local high gets taken out. Points to consider - Trend broke key resistance (S/R Flip) - 1.414 Fibonacci Extension Respected - RSI above 50 - Stochastics projected down - Volume climax evident NFLX’s trend has breached a key level confirming...
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...