Updated
Using 3-day 21-period EMA, TEMA interaction with ETHE
This is another example of how I am using an interaction between a 21-period EMA and TradingViews' Triple EMA (TEMA) to identify trending direction. I have my chart set at 3-day as that is about how long it takes to settle those investments.
Unless we have a reversal soon and subsequent move to the downside as with last year, we are headed towards a crossover going up TradingView (built-in) Triple EMA (blue line) over the 3-day 21-period EMA (red line). I am using daily pull-backs to DCA when the trend is going up.
Also shown on this chart is volume and CCI for context.
Unless we have a reversal soon and subsequent move to the downside as with last year, we are headed towards a crossover going up TradingView (built-in) Triple EMA (blue line) over the 3-day 21-period EMA (red line). I am using daily pull-backs to DCA when the trend is going up.
Also shown on this chart is volume and CCI for context.
Note
I would add in referencing exactly one year ago - that we had an uptrend that reversed course and bottomed in October before our strong subsequent up-trend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.