4th Day of Analyzing Charts

Futures Market

October 8,2021

     The goal is to analyze the market, get back on track, find possible trade entries, and be consistent.

What to look for?

1. Identify monthly levels

2. Set up Fibbs on weekly. 

    a.what level does price falls?

3. Identify Daily Spport and resistance.

4. What is the condition of Phila4EMA on daily data?

5. What does Phila4EMA on daily data trying to indicate?

6. Is the price below or above EMA?

7. Do EMA slope at the same direction?

8. Set up Fibbs on 4hrs chart

    a. Find confluence on levels

    b. Identify Significant levels.

    c. Identify Pattern

9. Do 200EMA acting as support?  Bullish cross on EMAs?

10. Journal the situation on the Chart, using Volume, OBV, and Price Action.

11. Find possible entries.

      

 BNB/USDTPERP

    1. Monthly levels identified

    2. Pice is at 0.382 and 0.5 level

    3. SIgnificant Levels Ientified

    4. Bullish cross of EMA 13,21,and 55

    5. EMAs indicates uptrend

    6. Price is above EMA

    7. EMA Sloping at the same direction. 

    8. Price at 0.5 and 0.618 level.

        Levels Identified

        Patterns Identified

    9. EMA is likely to become  a support.

    10. Price OBV Divergence

        Volume Decrease

        Possible Retrace after testing resistance 

        Then wait for entry

    11. Entry on Retracement

ADA/USDTPERP

    1. Monthly Levels Identified, Price at previous monthly range

    2. Price is at 0.786 and 1 weekly Fibb

    3. Significant Levels Identified

    4. EMA 13, 21 sloping at the same direction trying to bullish crossover EMA55

    5. EMAs indicates uptrend

    6. PRice is wtihin EMAs and above EMA200

    7.EMA 13 trying to bullish cross back

    8.Price is at 0.382 4hr fibb

        Significant levels Identified

        Pennant Pattern Breakout

    9.EMA 200 likely to act as support at 4hr

    10.Price is likely to retrace before trending up.

        Retracement cause signaled by OBV and Price Divergence

    11. Wait for bullish candle with volume before entering.

          Volume confirmation for entry is a must.

XRP/USDTPERP

    1.Monthly Levels identified

    2. Price is at 0.236 and 0.382 level

    3. Sgnificant level and pattern identified

    4. Bullish cross on EMA 13,21,50 and EMA 200 Acting as support   

    5.Price is on consolication

    6. Price is abbove EMAs on Daily

    7. EMA crossover

    8.Price is between 0.382 and 0.5 4hr fibb

    9. 200 EMA acting as suppot 

    10. Price is on range

          Currently on uncertain signal 

    11. Wait for price to test levels, retest, volume confirmation before entring. 

           Volume confirmation for entry is a must.

  SOL/USDTPERP

    1. Monthly levels identified

    2. Price is at .236 and 0.382  weekly fibb

    3. Pennant Pattern Identified on daily

    4, Price is at EMA 13,21 EMA, EMA 50, 200 likely to act as support

    5. Signifies, possible range in market    

    6. Price likely to bounce from EMAs

    7. EMAs sloping at the same direction, uptrend.

    8. Price is at 0.618 and 0.786 levels

    9. Siginificamt Levels Identified, Supply and Demand Zone

         Pattern Identified, Buying pressure on supports

    10.Price OBV Medium Bullish Divergence

        Rejection on Supply zone Resistance confrimed

        Lead to testing Support Establish

        Price currently on Range

    11. Wait for candle Confirmation and volume.

DOGE/USDTPERP

    1. Monthly Levels identified

    2.  Price is at 0.236 weekly Fibb.

    3. Channel Pattern

    4,  EMa 200 likely to act as support and EMA13,21 likely to bullish cross

    5.  Possible long entry on possible uptrend

    6. EMA50a cting as support, the rest is below the price

    7. EMAs slpoe at the same direction

    8. Price at 0.786 4hr fibb

        Channelt Pattern

    9. Significant LEvels Identified

    10.  Entry on Volume Expansion

 DOT/USDTPERP

    1. Monthly levels identified    

    2. Price is between 0.618 and 0.5 levels

    3. EMAs Bullish cross

    4. Indicates possible trend continuation   

    5. Entry after retracement'

    6. EMA50 likely to act as support

    7. EMAs sloping at the same direction.

    8. Price at 1.272 level

        Significant levels identified

    9. Pric bounce from resistance