The probability of reaching $4 is very possible. Here are my confluences: - Weekly Low at $3.29 which had liquidity resting just got raided. - Q4 has seasonally been great for Cryptocurrencies over the years so I expect a great end to Q4 for EIGENUSDT. - Price is currently testing the Daily Bullish Order Block which is within the Range Discount Array. - There is...
CRYPTOCAP:INJ has made an explosive run upwards since the buy setup executed by $5.40 in the previous analysis on $INJ. Begs the question, will CRYPTOCAP:INJ reach $6 again? I think price will reach $6 again. Below are the confluences for my Bearish stance - Price is currently in a Weekly Rejection Block - Sell Side Liquidity has been taken on the Weekly and...
Polygon- A fundamentally strong ecosystem that has been bridging the gap between Web 2 and Web 3 by onboarding new users through various partnerships. $MATIC is the native currency in the ecosystem. The answer to the question in the title is most probably. With this said, lets dive into the analysis below: The current macroeconomy is bearish which limits the...
Welcome back fellow Traders, we take a look at BTCUSDT analysis. As you may know, I tend to enjoy trading this pair. In this analysis, I will share my confluences as to why I am Bullish on BTC for the rest of Q4 2022. - Price had reached a major Daily Bullish OB by $19 500 that had resulted in price reaching $21 000+ for BTC. - Price closed the Fair Value Gap...
We have witnessed a huge dump in the price of $SOL after Alameda sold off their $SOL. This has certainly shaken the market. In my previous analysis (link is attached to this analysis) I explained my confluences as to why I am bullish on $SOL in this last Quarter of 2022. My bias remains unchanged since the dump was due to a firm selling off their $SOL to rescue...
Greetings fellow traders. In this analysis, we take a look at a possible Solana ($SOL) Buy Swing position. The Risk-to-Reward on this trade is a "No-Brainer" hence the reason I am sharing this trade setup. My confluences for the Buy trade setup: - Solana is well known as for its NFT ecosystem. With $SOL being the underlying currency for this ecosystem, it makes...
I am looking to short USDZAR by R18.22500 as the FOMC release is upon us. Price has tested the Bearish OB. I am expecting a nice dump to occur before any rally occurs. My target price for the short position is at the Fair Value Gap. Just below the FVG, there is a Bullish OB at round figure R18.000. Do manage your risk accordingly. If you are confused with which...
I am back with another weekly analysis for Bitcoin. As the month ends, there will be large volatility in this trading week which is great for us traders. This week I am looking to short BTCUSDT at $20850. I am anticipating a nice dump to around $19500 price level where there is a strong Bullish Order Block. Below are my confluences for this trade setup: - Price...
The 200 Pip move towards €1 or €0.96? I reckon the latter will occur first. Below are my confluences (reasons) as to why I see EURUSD reaching €0.96 in the coming days/ weeks. Confluences - The DXY is very bullish with Commercial banks (Smart Money) being Net Long on the U.S Dollar Index (see ). Which results in XXXUSD pairs being Bearish. - EURUSD has been in...
Optimism is expected to make a good rally after the massive dump these past weeks and months. Reasons as to why I am expecting the price to rally past $1 within 2022: There is a Fair Value Gap below current price that is being targeted around $0.63 (this is my personal entry price). Once price becomes fair value, the algorithm will target buy side liquidity as...
BTC is currently in a range between $18 000 and $20 000. Despite the market structure being bearish, there is a good probability of BTC reaching $20 000 before the next dump in price. I have been waiting for price to raid the Sell Side Liquidity by $19100 before looking for scalp long positions till price reach $20 000. Now that it has occurred, i will be...
This chart is the correct edit of the previous KAVAUSDT chart analysis.
I am sure you might of heard about the Mainnet launch set to take place in the coming days (12 October 2022 if not mistaken). With this said, there is a high probability we can expect bullish price action on KAVA in the coming days regardless of the bearish sentiment in the market in the coming days. So i will be looking to buy KAVA by the $1.51 daily Bullish...
This is the U.S Dollar Futures contract expiring in December. I usually use this in Forex but lately the crypto market has been moving like the Forex market so i might as well drop it in here so you can use this information to analyse for the 4th Quarter of the year. Below the chart, there are 2 panes (the 1st pane indicates the Commitment of Traders report and...
There is a clear Fair Value Gap that is around $19550- $19600. The close of the current 4 hour candlestick will prove whether price is willing to continue the rally till the rest of the day or if the next 4 hour candlestick will post the High of the Day. Once price reach Fair value, I will be looking to short BTCUSDT targeting the lows around $19100 price levels....
My trade idea is bearish as there are more confluences that are showing expected bearish price action than Bullish. Below are my confluences as to why I expect price to drop: - Price has reached a Bearish Orderblock that has not been violated as the previous hour candle body did not close above the orderblock. - There is a Fair Value Gap around $18800 price...
Notice how BTC is ranging nicely. I will be looking to Short BTCUSDC when price reaches 62% of the Fibonacci Retracement which is by $19255. There is a Fair Value Gap around $18900 Price level which is below current price which is a target for the short position. This is not Financial Advice.
As we approach the FOMC release, volatility in the market is expected to increase. As we can see, price has rallied to a key Bearish Orderblock on the hourly timeframe chart. I am looking to short BTCUSDT due to the following confluences: ~ Price has reached a key Bearish Orderblock. ~ Price has reached the premium area of the current trading range on this...