(TA) is the study of price movement, chart patterns, and trading indicators to predict future price action. Hereโs a step-by-step guide you can use for any coin, stock, or forex pair:
๐น Step 1: Identify the Trend
Use higher timeframes (1D, 1W) to see the main direction.
Uptrend = higher highs (HH) + higher lows (HL).
Downtrend = lower highs (LH) + lower lows (LL).
Sideways = consolidation.
๐ Tools: Trendlines, Moving Averages (e.g., EMA 50, EMA 200).
๐น Step 2: Mark Support & Resistance Support = price levels where buyers step in (floor). Resistance = price levels where sellers step in (ceiling). Draw horizontal lines at areas with multiple touches.
๐ Example: If a coin bounces 3 times from $30, thatโs strong support.
$27.80 โ $28.00 โ Previous consolidation base before breakout.
$22.50 โ $23.00 โ Historical bottom before bullish rally started.
Major Resistance Zones:
$35.80 โ $36.00 โ Recent local top and rejection area (liquidity grab seen).
$40.00 (psychological resistance) โ Next target zone if bullish momentum continues.
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2. Moving Averages (EMA Analysis)
EMA 8 ($33.95) is above EMA 31 ($32.94) โ Short-term bullish crossover still intact.
Price is currently trading above both EMAs, showing trend continuation to the upside.
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3. Candlestick & Price Action
After hitting $35.81, AVAX had a sharp wick down to ~$31, which looks like a liquidity sweep (stop-loss hunt).
Buyers stepped in strongly at EMA support (~$33) โ confirming demand.
The latest candles show long wicks on downside + strong green candle โ indicates bulls defending aggressively.
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4. Volume & Liquidity
Noticeable volume spikes on pullbacks โ suggesting accumulation by strong hands.
Liquidity grabbed below $31 zone (stop-hunts), now fueling move upward.
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5. Prediction โ Next Move
As long as AVAX holds above $33 support, momentum remains bullish.
Likely short-term scenario:
Retest $35.80 โ $36.00 resistance.
If breakout occurs with strong volume โ next target $38.5 โ $40.0.
If rejected again โ possible pullback to $33.5 support before another attempt.
โ Bullish Bias (short-term): Next move is likely an attempt to break $36. โ ๏ธ Bearish Risk: If $33 is lost, expect deeper correction toward $31 zone.
Support Zone: Next key support lies around $4,077โ$4,050.
Resistance: If ETH rebounds, first resistance is at $4,350โ$4,400.
Prediction: Short-term bearish โ ETH may retest $4,050 support. A bounce from there could trigger recovery; failure may drag it towards $3,900.
๐จ #Ethereum Update (4H Chart) ETH currently at $4,203 (-6%) after breaking key support at $4,350. ๐ป EMA bearish crossover forming ๐ Next support: $4,050 ๐ Resistance: $4,350โ$4,400 ๐ Likely short-term bearish with possible retest of $4,050 before rebound chances. @CZ #MarketPullback
Bitcoin is showing weakness after rejecting $117,900. ๐ Currently trading at $113,147 (-2.15%).
๐ Key Levels:
Support: $111,200 โ $108,800
Resistance: $115,600 โ $117,900
Volume: Slight uptick on red candles (bearish pressure)
โ ๏ธ Outlook: Price broke below trend support โ Possible retest of $111K. If that fails, $108K zone is next. Bulls need strong bounce above $115K to regain momentum.
๐ Short-term bias: Bearish โ watching $111K support
Price action: ETH is currently trading at $4,479, slightly below the mid-Bollinger band ($4,505). The recent high was $4,769, but since then ETH has retraced and is consolidating sideways.
Indicators:
Bollinger Bands are starting to narrow, showing a squeeze which usually signals a bigger move coming.
The price is hovering around the mid-range, showing indecision between bulls and bears.
24h volume (609M USDT) is decent but not signaling strong momentum yet.
Support levels: Strong support around $4,433 and further down at $4,308โ$4,210.
Resistance levels: Immediate resistance is around $4,505โ$4,559 (mid-band & recent highs). Breaking this could push price back toward $4,680โ$4,770.
๐ Interpretation: ETH is in a consolidation phase after its recent rally. As long as it holds above $4,433, the bias remains moderately bullish. However, if it loses this support, it may retest the lower Bollinger band near $4,300.
๐ฎ Next likely move: ETH could range a bit more in this tight zone before deciding direction. If buying volume increases, a breakout above $4,505 may lead to a push toward $4,680โ$4,770. On the downside, a breakdown below $4,430 risks a fall back to $4,300โ$4,210.
โ Good buying zones (spot/short-term trading):
Safer entries near $4,300โ$4,350 support zone.
Aggressive traders can start scaling in around $4,430 with stop-loss below $4,300.
4. Trendline: BTC broke down from the $124k high and retraced to ~$107k, then rebounded. Now itโs moving sideways between $114k โ $118k (consolidation phase).
5. Volume: Declining โ suggests no strong buying/selling pressure, market waiting for a breakout.
๐ Short-Term Outlook (Next 2โ3 days)
BTC is consolidating between $114k โ $118k.
If it breaks above $117,600 with volume โ likely push toward $121k โ $124k (strong resistance).
If it fails and breaks below $114,700 โ possible dip to $110k โ $107k.
Currently, price action looks neutralโbearish (leaning to test support again before breakout).