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NWCUSDT Daily S/R| Volume Profile| .618 Fibonacci| Price Action Evening Traders, Today’s analysis – NWCUSDT- Trading above Daily S/R with the .618 Fibonacci in confluence, Points to consider, - Price Action Impulsive - Daily S/R Support (.618 Fibonacci Confluence) - Long Liquidity Tapped (POC S/R Support) - Oscillators Dynamic S/R (RSI & Stochastics) - Declining Volume - Swing High Objective NWCUSDT’s immediate Price Action is impulsive, acceptance above the Daily S/R allows for a bullish bias as this level has technical confluence with the .618 Fibonacci. Price Action has also tested untapped long liquidity with the POC S/R coming in as support; this is a strong indication of Demand being present at Lower Levels. The Volume Profile is currently declining; this is an indication of an influx being imminent, especially when testing key trade locations. An influx will lead to a volatility expansion in Price Action. Oscillators, the RSI and Stochastics have respective Dynamic S/R’s that have topped major lows in the prevailing trend. Holding above and re-entering respective Bullish Control Zone’s will be indicative of strength, Swing High is the immediate objective, taking this level out will maintain the Bullish Market Structure as the current Higher Lows are still intact. Overall, in my opinion, NWCUSDT is a valid Swing Long with defined risk; Price Action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’
Long
by AzizKhanZamani
2
December Squeeze for MSFTNASDAQ:MSFT had a short interest of 1.1 in the month of November. Since the beginning of the month it has formed lower highs and higher lows in resemblance to a wedge. The most traded price was during this month was around 216.34 and I believe that this price being broken along with the ascending wedge breaking, MSFT could chase 221.86 or higher. The CCI sits on its reversal line and many questions still remain, however if there is continued positive vaccine news and the new Xbox continues to sell, MSFT seems to hold a lot of upside at this price.
NASDAQ:MSFT
by crawfordpaul
EOS- Big three Dapp platformsEOS, along with ETH and TRON, is one of the three most popular decentralized platforms in terms of amount of dapps, # of users and overall transaction and volume. It is down more than 80% from ATH and is one of the top 10 most popular coins on CB. However, there doesn't seem to have any short-term catalyst for price momentum according to derivative data and fundamental analysis. I think it will be nice to slowly scale in in the demand zone and have a small percentage of your capital allocated to EOS. Set the stoploss below the daily POC. Just my two cents. Not the investment advice.
by Libratus
2
Dash- Overlooked 10x play, but not forgotten. Dash is a semi privacy-focused coin. Anon coins overall have the most user cases, but haven't caught much of investor attention lately due to the rise of BTC and DeFi governance tokens. Dash has the potential to go 10x and it is lagging behind other top coins/tokens in terms of how far its price is from ATH. Get in now because of the pullback of entire crypto market or scale in slowly unless the price falls below 60-65 range. All other technical factors look fine and all it needs is some fundamental catalysts. Swing to intermediate setup. Wait patiently and you will be rewarded. Just my opinion. Not the investment advice.
KRAKEN:DASHUSDLong
by Libratus
1
RSRUSDT Local S/R| S/R Flip Retest| POC S/R| Price Action|Evening Traders, (Post is not on my usual computer, apologies for any discrepancies) Today's analysis - RSRUSDT - Trading above Local S/R, holding these regions is deemed bullish for trend continuation. Points to consider, - Price Action Bullish - Local S/R Support (.382 Fibonacci Confluence) - Swing High Objective - POC Resistance RSRUSDT's immediate price action is impulsive above Local S/R, this allows us to have a bullish bias on the market. Current Local S/R has technical confluence with the .382 Fibonacci, price action deviating towards it is likely to respect it. The swing high is local objective, clearing this level with increasing volume will increase the probability of trend continuation. Current POC is acting as resistance, this area being cleared in the immediate short term will be indicative of strength in price action Overall, in my opinion, RSRUSDT is a valid long withj defined risk, price action is to be used upon discretion/ management. hope this analysis helps! thank you for following my work And remember! “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee
Long
by AzizKhanZamani
4
GBPUSD Local S/R| Swing High| POC S/R| Bullish OB| Price ActionEvening Traders, Today’s Analysis – GBPUSD- breaking Local S/R with an impulse, test of Bullish OB is probable, Points to consider, - Price Action Impulsive - Bullish OB Support - POC Support - Local S/R Resistance - RSI Bearish Control Zone - Volume Declining GBPUSD’s immediate price action is trading below key Local S/R, failure of a reclaim will allow us to have a bearish bias. The Bullish OB is likely to be tested, holding this area is critical, failure will project lower bearish targets. Price Action is currently being respected by the POC, a short term bounce into Local S/R for a bearish retest is probable. The RSI is currently in its bearish control zone, remaining in these regions will project weakness in the market. Furthermore, the immediate volume is below average, indicative of an influx being probable when testing key trade locations. Overall, in my opinion, GBPUSD is a valid short with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, Beginner’s luck often stifles growth. Losses and failure are good for you. Kahlin Gibran
Short
by AzizKhanZamani
USDCHF Local S/R| Range Low| .50 Fibonacci| Price Action Evening Traders, Today’s analysis – USDCHF- deviating back into its trading range with an impulse above range mid, further upside probable. Points to consider, - Price Action Impulsive - Local S/R Support (.50 Fibonacci Confluence) - Range High Target - RSI Neutral - POC Resistance USDCHF’s immediate price action is impulsive above range low, allowing us to have a bullish bias on the market. The local S/R is in confluence with the .50 Fibonacci, thus a respect here on first attempt is highly probable. Range high is the immediate target, breaking this will project a trend trade with continuation. RSI is currently neutral, approaching oversold conditions increase the probability of an oversold bounce play. The will create enough momentum to take out immediate POC, allowing for follow though. Overall, in my opinion, USDCHF is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” – Brett Steenbarger
Long
by AzizKhanZamani
BurgerBNB Local S/R| POC Support| Swing High| Price Action Evening Traders, Today’s analysis – BURGERBNB – Trading above Local S/R, price has been accepted with further upside potential. Points to consider, - Price Action Impulsive - Local S/R Support (21MA Confluence) - Swing High - RSI Bullish Control Zone BurgerBNB’s Immediate price action is trading above Local S/R in confluence with the 21 MA. This allows us to have a bullish bias on the immediate market thus longs are deployable. Swing High is the immediate price objective once the POC resistance is claimed. Upper Local S/R is immediate target, breaking this is likely to lead to trend continuation. The RSI is in its respected bullish control zone, remaining above these regions is indicative of market strength. Overall, in my opinion, BurgerBNB is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.” ― Yvan Byeajee
BLong
by AzizKhanZamani
8
EUR/CHF: Day Trading Analysis With Volume Profile 📊⏲️Hello guys, today’s analysis is going to be an intraday analysis of EUR/CHF. This forex pair is not so common for me to trade because there are often not so many trading opportunities. That is due to the low volatility of this pair (which is caused by CHF being closely linked with EUR). Still, a nice trading opportunity has presented itself now! What caught my eye here was a nice price channel formed yesterday, which got followed by a strong rejection of higher prices and then a sell-off. Volume Profile analysis When I see a price channel followed by a sell-off like here, I am always interested in how volumes were distributed there. For this I use my Flexible Volume Profile which allows me to look into specific areas in the chart to see how the volumes were distributed there. What is quite common is that heavy volumes got formed in such a channel. Why? Because big trading institutions like to accumulate their huge trading positions hidden in a rotation/price channel. In this case, there were nice heavy volumes accumulated around the 1.0758 level (that is the Point Of Control of that heavy volume area). From there the sell-off started. When the price makes it back into this area again at some point in the future, then I think that those big institutions will want to defend their shorts. Defend how? By aggressive selling around the POC level at 1.0758. With this aggressive selling (using Market orders) they will try to push the price downwards again. This is why I think the 1.0758 zone will work as a strong intraday resistance. I hope you guys liked today’s analysis! Let me know what you think in the comments below. Happy trading! -Dale
by Trader_Dale
4