ALPHA Structure Analysis - 50-day EMA breakoutYesterday, BINANCE:ALPHAUSDT cleanly broke and closed above the 50-day EMA, which it hadn't been able to reclaim since December 2024. It also retested the previous $0.042-$0.052 demand zone, which acted as resistance.
Check the weekly chart below for more context:
Key Levels
• $0.024-$0.034: Main demand zone, dating back to October 2020
• $0.042-$0.052: Previous demand zone and current resistance
• ~$0.070: Previous key S/R, currently reinforced by 1-year EMA, and potential resistance
• $0.115-$0.137: Main supply zone
Trigger
I am looking for a retest of the 50-day EMA (~0.035) as support for a long entry, with a clear invalidation below the recent $0.025 swing low, targeting the main supply zone with the other key levels outlined above as partial TP targets.
DAY
KASPA Structure Analysis – Downtrend BreakoutAfter retesting the $0.05 demand zone (previous resistance dating back to August 2023), BITGET:KASUSDT reclaimed the 50-day EMA (yellow) and tested the 200-day EMA (orange), before a brief pullback with the 50-day EMA acting as support.
Key Levels
• $0.050-$0.060: Main demand zone
• $0.083: Current support, reinforced by 50-day EMA
• $0.105: Current resistance, reinforced by 200-day EMA
• ~$0.120: HVN and potential resistance
• $0.155-$0.160: HVN, previous S/R and potential resistance
• $0.180-$0.200: Main supply zone
Here's a weekly chart with volume profiles for more context:
Considerations
• The breakout from the recent downtrend, and the break above the 50-day EMA followed by a retest as support, is a good sign for the bulls.
• If the 200-day EMA is successfully reclaimed, it could offer a good shot at retesting the main supply zone in the $0.180-$0.200 area.
• Conversely, a sustained break back below the 50-day EMA could lead to another test of the $0.050-$0.060 main demand zone.
Neutral outlook until a break above 200-day EMA or below 50-day EMA.
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Break below $460.71 (Pre-Market Low)
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Options: April 1st $460 Puts
Ride H5_D on 2Min. chart. (Close above H5 is an Exit)
Retest PDL (Friday Low) = Look for a rejection
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Not Financial Advice
Gold (XAU/USD) Analysis – 4-Hour Timeframe Date: January 2, 2025Gold (XAU/USD) Analysis – 4-Hour Timeframe
Date: January 2, 2025
Technical Overview:
Gold (XAU/USD) has shown significant bullish momentum on the 4-hour timeframe, breaking above its previous resistance zone of 2645. This breakout indicates potential for further upside movement, with key targets outlined in the upcoming sessions.
Potential Scenarios:
Upside Target
The price is likely to aim for the range between 2685 and 2690 over the next 24–48 hours. This zone represents a significant resistance level, making it a critical area for observation.
Retest of Support Zone
Prior to a continuation of its bullish trend, the price may retest the 2655–2645 support zone. Such a retest could offer a low-risk entry for buyers, provided the zone holds strong and shows a rejection to the downside.
Key Strategy for Traders:
Multi-Timeframe Analysis:
Before taking a position, switch to a lower timeframe (e.g., 15 minutes or 30 minutes) to assess the structure and ensure a clean entry. Look for signs of a change of character, such as strong bullish candles or a rejection wick, to confirm the upward move.
Low Drawdown Entry Points:
Identify entry points where potential drawdown is minimal. This approach reduces risk while maximizing reward potential. Waiting for the price to consolidate or retest support before entering can improve the likelihood of a successful trade.
Risk Management and Discipline:
Use proper risk-to-reward ratios to manage capital effectively.
Avoid impulsive trades and focus on clear signals. Making no money is better than losing money.
Final Thoughts:
The overall trend suggests high probabilities for an upward continuation. However, patience and confirmation are key. Conduct thorough analysis before taking any long position and always prioritize protecting your capital.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Use your own expertise and strategy to make trading decisions.
BTC USDT - day trade 25/11/2002BYBIT:BTCUSDT.P
Bitcoin Day Trading Plan
The process reveals a powerful decline below the trading range, reminiscent of a TSO (Terminal Shakeout).
Particular emphasis should be placed on the green candlestick, which indicates the presence of high-quality buyers in the process.
Additionally, it is evident that the entire downward movement is accompanied by an extremely low RSI, significantly below the 30 level.
BTC bitcoinbar chart array; I was looking at this the other day, two days ago, and noticed how solid the background is plus counting the fades there's only 5 out of 10. I also noticed unlike most cryptocurrency that follows through with the entire cycle before madness gains, Bitcoin does not necessarily follow that trend. Bar Chart Arrays are not finite technical indicators. They are more like broad perspectives at times when the main indicators become unusable, unreadable.
CETUS NEW INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that CETUS has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
Our study shows that Cetus can break in the coming time frames.
New updates will be added on this page when there are new target gains.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
SAMO NEW INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that SAMO has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
Approaching the defending line on weekly There is a very important level of 26-day EMA on weekly basis coming on our way. It did hold twice in last few weeks.
It is very important to be above that. so today's closing will be very important.
keep a close in on the Fib levels as well that are shown in the chart
Holding Previous Lows I have draw the important level of support that must hold at any cost.
If bulls are not able to defend this level next week, then there is lot of room for downside.
Support range is from 14,700 to 14,650
For remember this is seasonal strong period so there is a very high chances of us NOT FALLING and rallying through a long slow CHOP
Nasdaq Futures Forecast for 10th September The resistance sits in the red box drawn around the level from 15,350 to 15,500.
The support sits around 15,000 to 15,030 which happens to be Pivot level P0 and 5 day EMA
Since there is no big news tomorrow, the markets will be choppy and we may get an inside day tomorrow with Fed speakers speaking almost the entire day.
The rally that we got happened in the 2nd half of the day and that too with good volume so that is a positive sign. but the overall daily trend and macro factors does not support the bullish trend so we might have a lot of chopp tomorrow.
Be mindful of these levels.
My Sincere condolences to all the people in the Middle East who are suffering because of the war.
Thanks