AA 200 MA and Resistance Break to Continue Bull Trend.AA is in a long term bullish trend. Currently it is on a pullback and I believe it is about to break out of that pullback and continue bullish creating a great swing opportunity. A few days ago AA released its earnings for the quarter and beat estimates by 15.95%. Just a few days later AA has now broken back above the 200MA and on top of that is broke through a resistance trendline. I believe that it is going to continue its bullish trend off this news.
200ma
Chart Training with Jay Rhyder - MA SignalsHello and welcome to a small series I thought I would start to help people understand market charts. Enjoy and leave me a comment about what you liked or didn't like. Thank you for your support!
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Take a look at this chart. It is a 1 hour Coinbase chart of Ethereum (ETH/USD).
One of the best ways to understand if the market is going to rally or go south is to pay attention to the MOVING AVERAGES, or MA lines. As you can see, the white line on this chart is the 50 day, the dark purple one is the 200 day and the pink one is the 150 day moving average, respectfully. When you see the 50 day moving up like in this chart, and the 200 day on top of the 150 day, it is a bullish signal.
The opposite is true for bearish markets. It is called a DEATH CROSS. It is when the 50 day is on the bottom of the 150 and 200 and the 200 day is on top of the 150 day moving average. When the 200 day crosses DOWN through the 150 day, it is called a DEATH CROSS and is a very, very bearish signal.
If you have any questions about this short and concise tutorial, please leave your question or comment below. I hope you learned something from this short tutorial. My name is Jay - have the best day!
:)
CADJPY - top down analysis Monthly, Weekly, Daily
The monthly timeframe reveals a triangle with a downwards Shifting Point of Control (SPOC). The price spends most of the time below SPOC. There is only one pro-longed oscillation above the level which later found resistance at the round number of 100 it failed to hold.
The most recent price action shows a rejection of above-90 levels as sellers took advantage of this price and started pushing CADJPY lower.
March 2020 candle stands out on the volume indicator. The candle itself is smaller than on other pairs. Perhaps, its, because the price was nearing bottom levels, and some investors stayed strong through a stock crash. Should there be another correction on the stock market, CADJPY is likely to go down as it did in the 2008 crisis, from which the pair never recovered. On the other hand, the down candle clearly violates Wyckoff's law of effort vs. result, and to interpret it properly, I will inspect a lower timeframe.
Zooming in on the latest red candles, the weekly chart has all the details. The price attempted to make another higher high after it retraced lower and failed. A lower high was formed instead. Then, the price continued below the support and should create our first lower low at some point. Then, it might or might not retrace back to the structure around 88 which would be my entry if I decided to trade based on this timeframe.
Notice the volume of March 2020 candles. This brings a lot more clarity to the massive volume. Even though there was a lot of selling at a time, buyers were stalwart-strong and did not let the pair go lower. A takeaway from this is that although stock market drops will increase the selling activity on CADJPY, it probably isn't the best pair to speculate on during the crisis, because there are many willing to defend it.
Look right and see the red "M". This is my note table. I created a red "M" to remember that the Monthly timeframe looks bearish. As we move towards daily, a gray "W" will appear on the chart. The weekly timeframe is bearish, but a retracement to the structure around 88 is expected. On top of that, selling now would be chasing the price and that is wrong!
The daily chart brings bad news as it shows that the would-be weekly entry level has already been retested. That was the best possible entry in advance of the coming downtrend. I missed it myself. The best we can hope for is that the price comes back closer to the second Lower High. The entry does not have to be perfect - a monthly chart is on our side too. But it definitely has to be good. Not bad, not slightly bad. It needs to be good!
The volume-based analysis involves one high-volume candle which definitely violates Wyckoff's effort-result law. The price movement isn't as big as it should be based on consumed volume. However, I think the volume supports my analysis later and the most recent price action is always the most relevant, also.
Look at the 5 last days. With the exception of Friday, the volume has increased every day and the price movement to the downside increased as well. This means that new bears are entering the arena and the trend has just started. If there is a retracement (and an entry opportunity), it shouldn't beat the biggest red candles volume-wise - but that is up to future analysis.
Keep in mind that the price hit 200 daily Exponential Moving Average today. That could lead to an opportunity.
"D" on the chart will be slightly red. I expect more selling, but the price has already dropped a lot, and it is on 200 EMA. It may retrace this week.
Potential entry
I left the purple area on the chart. That's an entry I would like to take if the price gets back up. A candlestick reversal formation needs to appear before entering short. Pinbar, engulfing or even three-bar rejections are ok.
EUR/USD MovementI believe EUR/USD forex pair has both short and long term movement. Currently the price is in a clear down trend. The price is at 1.7794 & technical indicators show hat the price will most definitely touch my support line. Some time after the price touches or surpasses the support level, it is within my analysis to believe that the price will reverse. I would wait for 3 confirmation candlesticks and for a cross in RSI, MACD, & EMAs. Once all of the following are verified. I'd continue for a long term buy on forex for EUR/USD.
Dangerous Call On The WeeklyBeware of the 100ma and 200ma that are about to cross. I know that Moving Averages are so called "Lagging Indicator', but see it for yourself. This could turn even more bearish and might confirm the actual bearish bias even more. This does not mean it stays that way for another 2 years, no. This is just what we have to expect after the long bullish trend we had until May, and as a matter of fact it just confirms the Major Correction Phase , or just call it an accumulation phase before we head straight to Mars.
200 MA acts as Support?Hello again, Traders!
This is my second post on this website. Last week was a success which is a big motivation for me in my trading journey. This time I used the 200 MA to analyze USD/CAD on the 4h time frame. It acted as a support before and might be rejected another time, which could be an indicator for a bullish movement. In this case I'll wait for confirmation to make sure I buy at the right time. Also the 1h time frame shows an uptrend which might continue after the confirmation.
I'd be happy for any feedback.
Thanks in advance.
ONE/USDT 200MA as new resistance? Falling wedge patternOne Harmony sees a decline in price since April and does not seem to stop.
The violet lines show a falling wedge pattern which is looking for support to bounce to the upside again.
Some support was found around the 0.05$ price level.
However, we also did find some resistance around the 200MA line.
If we decline from here and the small support around 0.05 does not hold we could see a decline down to the 0.035$ price level.
Be patient and wait for a reversal before you go long here.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
Updated TA for BTC USD Trend Bullish or Bearish ScenariosGreen dots: trend if resistance is broken at $36K
Green dashes: trend if resistance not broken at 36K AND base of triangle not passed
Red dots: Trend if resistance is not broken at 36K AND base of the triangle passed
Green circles: Buy signals
Red circles: Sell signals
BTCUSD TA bullish and bearish scenariosGreen dots: trend if resistance is broken at $36K
Green dashes: trend if resistance not broken at 36K AND base of triangle not passed
Red dots: Trend if resistance is not broken at 36K AND base of the triangle passed
Green circles: Buy signals
Red circles: Sell signals
200MA dailly the key level to watch.hello,
Just analizing the three posibilities:
A. Bull market saved with fast recovery way above 200Ma dailly.
B. 38.6 fibo retracement/200ma dailly rejected and back to 30-40k level to retest the Support, before continuing the bull trend
C. 200Ma dailly rejected hard, going back to test 30K, loosing it and continuing into mini bear trend
BTC oversold again since $5kI've noticed a pattern that has been very successful to me in past 5 years in crypto. I noticed that the last time we were oversold on the daily chart was when bitcoin was at around $4-$5k and also kissing the 200 MA. Now we are getting back to those bullish zones again where Bitcoin is kissing the 200 MA and RSI is oversold, mind you $btc still above $40k.
I am not a financial advisor neither a professional TA guy. Everything I know I learnt it thru experience, losing money and YouTube =)