ThetaNomad

Hi all! ADAUSDT looks primed for an upside breakout in continuation of its higher timeframe trend. Price has been compressing and consolidating around 0.8500 — which lines up with the 0.5 HTF Fibonacci retracement. 📌 Upside Targets: First objective: sweep the weak high from 14 August and fill the imbalance around 1.0400. If sentiment stays bullish, the next target is the 1.1000 zone, which aligns with the 0.886 HTF Fibonacci retracement. 📌 Entry Trigger: Look for a 1H close above 0.8700. That would confirm short-term bullish sentiment and open the path higher. 📌 Confluences Supporting the Long Bias: Fibonacci Confluence → 0.5 retracement support at 0.8500 + 0.886 retracement at 1.1000. Intermarket Correlation → ADA has a ~85% correlation with ETHUSDT and a ~79% correlation with BTCUSDT. With ETH showing bullish structure, ADA statistically tends to follow. Open Interest Dynamics → OI has been bleeding out since 20 Aug, yet price barely reacts. Leverage is being flushed out, but spot/passive buying keeps absorbing liquidity. CVD Data → Both CVD spot and CVD futures are trending down while price holds firm and even swings higher. This hidden bullish divergence = absorption in action. 📌 Invalidation: A daily/1H close below 0.8420 invalidates the setup. ⚠️ My View: The confluence here is strong — Fibonacci structure, intermarket correlation, OI flush, and CVD absorption all point to underlying strength. Until 0.8420 breaks, I’m leaning bullish with eyes on 1.0400 first, then 1.1000.Active. Like i said, opened a position at 0.8700

Hi all! ETHUSDT has broken structure on the 1H/4H and is consolidating above the local descending trendline. On Binance we can see a strong hidden CVD bull forming — aggressive bears have been trying to push price down, but passive buyers are holding price up. If sellers get exhausted, we could see a rally towards new highs around 5,250. With possible rate cuts coming in September, the market might be gearing up for a fresh bull-wave up. I believe we’re setting up for that next leg higher, and the weak high from 14 Aug will eventually get swept. For confirmation, wait for at least an hourly close above the local VAH at 4,390 if you’re looking for a long here.There we go. Stop loss on entry -> Can't lose!As I said, this trade combined technical confluence with fundamental confluence. Powell just hinting on possible rate cuts, which was expected, together with tight technical analysis, will result in high probability set-ups like these.