If this supply zone can be taken out by bulls, buyers will be starting to take control as supply zones are starting to get destroyed and demand zones are being created.
If the trend does change, can start looking for long orders.
Prices are obviously trending up and they're approaching a supply zone. Once prices reach this heavy seller area, if I see evidence of sellers on a lower timeframe, it can be a high probability short sell trade. Patience is the name of the game here.
As prices shoot up today, going to wait for a pullback into a demand zone to take a long. Weekly trend is clearly up and so is daily trend.
Prices currently being in a supply zone, going to wait a bit.
Sellers are extremely heavy on this stock and I would recommend finding a supply zone and entering short on this stock. The company itself is losing users.
I'm part of Gen Z myself and see myself and my friends using Instagram way more. Not even that, Snap doesn't have the hyper targeting that Instagram can do with the power of Facebook. Instagram is so much...
The only thing holding up the price of this stock is a weekly demand zone in the 4.00 to 4.50 range. There are very strong weekly supply zones right above with very strong daily supply zones embedded within them.
Very high probability short trades can be taken when evidence of sellers showing up on a lower timeframe (1H or 4H). Any of these daily supply zones...
Prices are ranging heavily between 48.00 and 68.00. A lot of range trading can be done. There are strong supply zones from above and strong demand zones from below as well.
Just stay patient and I advise to restrain trading from the middle of the supply and demand curve.
Prices have reached a very old weekly demand zone and prices seem to be already reacting off of these levels. Bulls will push prices back up into the weekly supply zone where a lot of sellers are present. Will become a high probability sell trade.
Clearly the trend is down on the weekly and daily time frame, however, if buyers can show some evidence of taking out a supply zone on a lower time frame, there might be an opportunity to take a short term long.
The trend on both the weekly and the daily is down, meaning sellers are clearly in control. New supply zones are being created while demand zones are being destroyed.
This warrants a high probability sell order.
Amazon is clearly a dominant company led by a very long term thinking CEO. Not only are they destroying e-commerce, but they also own a very large majority of the cloud computing industry. As a computer engineer as my main job, I can clearly see which direction that Amazon is headed in terms of artificial intelligence and know Jeff, he's going to execute for the...
As prices have approached a weekly supply zone, prices have reacted and hence the sell-off. However, daily demand is still in control as prices have not yet taken out a daily demand zone.
Will be looking for short term buys for the first half of this upcoming trading week, however, as prices get pushed back and if daily demand is broken, will be looking for sell...
Bitcoin prices have hit a key weekly demand zone and the momentum on the daily timeframe has shifted towards the upside because the supply zones that have been keeping prices down for Bitcoin have been taken out.
As you can see the trend on the daily timeframe is now bullish, however, we have just hit our first weekly supply zone that will be a major obstacle...