Evening Traders,
Today’s analysis – BNBUSDT – trading at a clear resistance where a rejection is plausible,
Points to consider,
- Price Action corrective
- Daily S/R Resistance
- Int Daily S/R Support ‘
- Pull back objective
BNBUSDT’s immediate price action is trading at a resistance, that being a key Daily S/R level, this allows for a bullish bias.
The...
Evening Traders,
Today’s analysis – XLMUSDT- trading in a defined descending channel that is likely to break bullish,
Points to consider,
- Price Action Impulsive
- Weekly S/R Support
(.618 Fibonacci & 200 MA)
- Daily S/R Objective
- Declining Volume
XLMUSDT’s immediate price action is trading in a bearish market structure until proven. This will only come...
Evening Traders,
Today’s Analysis – XLMUSDT- trading under key Weekly S/R, this is a pivot on the weekly time frame,
Points to consider,
- Price Action Pivot
- Weekly S/R Resistance
- Dynamic S/R Support
- Stochastic Buy Cross
- Declining Volume
XLMUSDT’s immediate price action is at a pivot point, how price action forms here will help with our...
Evening Traders,
Today’s analysis – EURGBP respecting its .618 Fibonacci leading into an impulse move, price action is currently testing weekly S/R where a rejection is probable.
Points to consider,
- Macro trend range deviation
- Bearish Retest (Weekly S/R)
- Local S/R (immediate support)
- Oscillators extended
- Volume below average
EURGBP has had a...
Evening Traders,
Today’s analysis – SPY – possible blow of top with further downside probable, following technical points to consider.
- Bearish PA (swing high)
- Valid bearish divergence
- Weekly S/R support
- .618 Confluence (200 DMA&DEMA)
- Increasing volume
SPY’s immediate price action at swing high is bearish; a large wick on a weekly candle usually...
Evening Traders,
Today’s Analysis – OAXBTC- trading in a falling wedge structure holding weekly S/R, a break bullish will see continuation.
Points to consider,
- Bullish chart formation
- Weekly S/R Support confluence
- Swing high immediate target
- RSI diverting
- Volume declining
OAXBTC is trading in a falling wedge pattern that has a higher...
Evening Traders,
Today’s analysis – NZDJPY- in a macro bear trend where rallies are to be sold into until proven otherwise, current set up allows for a short.
Points to consider,
- Consecutive LH’s & LL’s
- Local S/R Flip bearish
- Weekly S/R target
- Oscillators below 50
- Volume below average
NZDJPY has a bearish bias as the trend continues to establish...
