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...
Evening Traders, Today’s Technical Analysis – USDCAD – in a probable descending triangle formation, support and resistances are converging thus a breakout is imminent. Points to consider, - Trend bearish – consecutive lower highs - Clear resistance line to breach - Structural support being tested - RSI diverging from price - Stochastics projected...
Evening Traders, Today’s Technical analysis will focus on EURUSD pairings, a clear monthly resistance pushing price down while support holding true – price is nearing its APEX. Points to consider, - Trend bearish (consecutive lower highs) - Multi-Month Resistance line respected - Structural support tested - RSI neutral - Stochastics in the lower...
Evening Traders, Today’s technical analysis will focus on ONT/BTC, breaking a key level with conviction; an S/R flip retest is likely for a trade entry. Points to consider, - Resistance breached - S/R flip for confirmation - 200 EMA immediate resistance - 21 MA confluence (upon S/R Flip Retest) - RSI in overbought - Stochastics in upper regions...
Evening Traders, Today’s Technical Analysis will focus on EOSUSDT, a confirmed S/R flip, price is holding a key level as it respects an overlying Fibonacci Extension, 1.272. Points to consider, - Key resistance breached - S/R flip confirmed - 21 MA Support - RSI broadening wedge - Stochastics in upper regions - Low volume EOSUSDT has breached a key...
Evening Traders, Today’s technical analysis will focus on MATICBTC, breaking out of a symmetrical triangle with strong bull volume, currently facing resistance from the 200 EMA. Points to consider, - Macro trend bearish - True pattern breakout - 200 EMA is local resistance - Retest of local support probable - RSI in overbought region - Stochastics in...
Evening Traders, Today’s technical analysis will be on BCHBTC, trading very close to its apex with a breakout being imminent. Points to consider, - Local Trend bearish - Price trading near apex - RSI testing support - Stochastics projected down - Volume extremely low - Local support - .50 Fibonacci BCHBTC’s local trend has been bearish, consecutive lower...
Evening Traders! Today’s Technical Analysis will be on a currency pair - GBPUSD, with a strong oversold bounce, now left trading within a small range. Points to consider, - Macro trend bearish - Structural resistance confluence - Support confluence - RSI testing resistance - Stochastics in lower regions - Volume influx evident GBPUSD has been...
Evening Traders, Today’s technical analysis will be on a BTCUSDT, a probable scalp play from local support into resistance. Points to consider, - Trend making consecutive higher lows - Strong structural resistance confluence - Local support confluences - RSI in a channel - Stochastics projected down - Volume declining (after impulses) BTCUSDT local...
Evening Traders! Today’s analysis will focus on EOSUSD which has been in a defined downtrend, currently testing a key resistance area that has multiple confluences. Points to consider, - Bear Trend – Consecutive lower highs - Resistance confluences (21 EMA, local resistance. .236 Fibonacci) - Define down sloping trend line - RSI testing resistance...
Evening Traders! Today’s technical analysis will focus on REPBTC, in a valid broadening wedge formation with a failed partial raise at structural resistance. Points to consider, - Trend bearish – consecutive lower highs - Structural resistance being tested - 200 MA – local support - RSI trading in a channel - Stochastics in upper regions - Irregular...
Evening Traders, Today’s Analysis will focus on XMRBTC which has broken a long term down trend, currently trading in a zone between support and resistance. Points to consider, - Daily trend change ( Triple bottom) - Local support confluences - Structural resistance respected - RSI testing support - Stochastics in upper regions - Declining volume nodes...
Evening Traders, Today’s analysis will be on BCHUSD, testing a key resistance (21 DEMA) in a defined down trend. This current trade location is in confluence with the POC, a breakdown will just be another lower high. Points to consider, - Trend bearish – Consecutive lower highs - 21 DEMA, current resistance - Local support at yearly lows - RSI approaching...
Evening Traders, Today’s Technical Analysis will focus on LINKBTC holding local support as the 200 DMA and DEMA approach – historically being pivot points. Points to consider, - Trend bullish – Consecutive higher lows - Local support holding - Resistant to break for continuation - RSI in lower regions (Flat) - Stochastics in lower regions (Flat) - Volume...
Evening Traders, Today’s analysis will focus on BHP, sellers are in complete control after breaking key technical levels. It has been rejected at a technical point that will dictate the overall trend in the coming weeks and months. Points to consider, - Strong bear break - 200 WMA – Current resistance - Local support respected - .618 Fibonacci in confluence...