Early Signs of Nice Support Validation for BTCPrice is on an intersection of support after the latest drop this week.
The RSI is starting to loop up to stay inside a bullish zone - which could bring buyers
The ADX is starting to loop up to keep the indicator in a strength for trend zone. The directional index lines are starting to diverge from each other with the bulls taking control.
Thoughts?
ADX
XRP gearing up for a popPrice has been in a tight trading range, but a couple of indicators are showing the red bullish trend line to hold with buying interest likely to succeed.
The ADX is starting to stabilize and turn higher inside the 20-30 strength building zone for trend as support is being tested and the bulls maintain control. The RSI held inside the green bullish zone on the last drop attempt and should stay within the bullish realm with room for buying interest.
Buying should start to come back into this market this week and into next (with protective stops just underneath the red bullish trend line) to pop this market toward previous highs.
Thoughts?
Small Bullish Pattern Signals for BTCSticking with the same chart this week as I posted last week.
Price broke through the black bearish trend line and retraced back to the line, which so far has held as support. With the price staying above the trend line, the bulls maintain control of the near-term trend.
Momentum is easing back, but market sentiment remains as a "buy on dips" near the trend line scenario, or ~$6400.
Protective stop should be placed on a new low under $5800. If support holds the upside objective has a nice look to it!
Thoughts?
ADX | Gunbot trading strategyThis is an example of Gunbot trading with the ADX strategy. Gunbot is a multi platform crypto trading bot.
About this strategy
This strategy is based on ADX , enabling Gunbot to buy when prices are moving up and ADX indicates a strong uptrend. Sell orders are placed when prices move down and a strong downtrend is measured.
Settings used
This example uses the "pure" version of the ADX strategy, meaning both the buy method and sell method are set to use ADX . No additional confirming indicators are used.
The following relevant settings were used, all other settings were set to the defaults:
PERIOD: 15
DI_PERIOD: 14
ADX_LEVEL: 50
Full disclosure
I am the author the Gunbot wiki. This content is only meant as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used.
Disclaimer:
While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future.
Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
SPX looking interesting for the bearsTwo key indications on the long-term SPX weekly chart to watch.
First, there is a clear divergence between the price and the RSI... a bearish signal
Also, the ADX, which measures internal trend momentum, has been falling as the price was rising. So, no momentum for the bullish move was building on the rise. This is a signal to stall out.
Both of these together could be a precursor to a nice dump.
Thoughts?
ADX / BTC analyticsThe project to create a decentralized blockchain platform, uniting the interests of advertisers and publishers, bypassing intermediaries. An easily scalable idea, but needs to be worked out.
At the end of July, the AdEx project’s token added in the UBCI advertising industry index and the trade volume has grown many times, remaining up to this day. At the same time, the asset continued to fall along with the market and update the bottoms. So, on September 12, the price reached 0.00002319, against the market has already started to gain momentum and grow.
Technical analysis does not work at the token’s chart. Inside platform payments only with it's own tokens occur, then the assets are frozen until the completion of the contracts, which can be quite long. During the day, volatility reaches 3-10%, while there are trades with large volumes periodically. Note that by increasing volumes, volatility is also growing. When opening intraday position, be sure to set stop-losses.
The character of trades on this asset is rather applied in fact, tokens are purchased for operating activities. Not suitable for speculative operations.
There may be good prospects in the long term, but you should wait for the release of the commercial version of the platform.
$ADX 's Price is Suppose to Enter My Juicy Buy ZoneAt least is on advertising business. This token almost having 3/4 of it's total supply in circulating. Has been listed on Bittrex, Binance and Upbit will quite giving a lot of exposure on this project.
Technical parts:
1. As I draw the Elliot Wave it looks like it pretty much at the final of it and look for retrace ment.
2. The first bottom target which is 2711 sats was quite strong for a couple of bounce. Which i can tell, if it should be retraced then it should bounce from that level.
3. The same pattern as before, you can see it breached the box.
4. RSI level heading south, an additional bearish bias.
My next target of ADX sell order should be around 3919 sats and above, on this case, we're at least in mini alt season or ADX listed on big exchanges like Bithumb. Boom.
Safe Trade!
Careful with LTCWatch for a test of the trend line drawn on the chart. As price recently made a new high it made it on a divergence against the RSI. This is a bearish signal that should continue to drop the price this week. Also, trend momentum has been losing strength based on a falling ADX.
If momentum for the bears builds strength as the trend line is tested, be careful of a re-test of the previous low, or even a new low could be imminent (arrows on chart).
Questions let me know.
Yawn...Low momentum is still the call here for ETHUSD.
More range-bound to lower trading ahead.
With near-term Fibonacci resistance holding, and no momentum to break to the upside, look for more selling interest to come to market this week. The recommendation is to hold until there are bullish signals coming across the internal indicators, otherwise wait for more downside opportunity.
Trickle into the Apex for BTCThe highlighted red apex is the path likely for BTC in the coming days. The apex is around 6300.
Not a whole lot of trend momentum at all, so more flat-lining to be found (with the slight bearish slant from the slight RSI divergence)
Yawn! Wake me up on a break above the upper black bearish trend line
EOS showing signs to resume upsideThe red trend line breakout objective (marked with arrows) is still in play. Post-break the price dropped back to the breakout point level and held as support (typical throwback).
Internal momentum on the ADX is showing early signs of buying interest returning. Also, the MACD showing a nice crossover too.
I would buy here and sell stop on a break below the blue bullish trend line.
Happy Trading!
TSLA Short Term Day Trade Opportunity for Tomorrow, September 25-Tesla stock movement has consolidated into a symmetrical triangle pattern.
-RSI is not yet in overbought territory. This allows room for upward growth.
-ADX and DI indicators are showing a slight crossover, meaning that Bulls are gaining traction over Bears which is a Bullish signal.
-TSLA is moving in an Upward Trend Channel
Long Strategy- if Upper Resistance of Triangle is Broken:
Buy: $297-$298
Take Profit: at next resistance ($305)
Estimated Profit: 1.67-2.3%
EOS posting another range-bound weekSame old Same old… not much change on this chart at all.
This market busted through a near-term dotted trend line to the upside, but the needed momentum to back it up has dried up. The Average Directional Index (ADX) line was trying to turn higher to show some trend strength building, but has fizzled out a bit. The directional index lines are all knotted up and on low momentum… a range-bound week ahead.
A signal for more range-bound trading within support 1 and resistance 1.
Weekly S/R
Critical Resistance: $7.360
Key Resistance: $5.650
Key Support: $4.620
Critical Support: $4.163
BTC paints a bullish correction in an overall bearish market!After the market tried to rally but stalled into previous 61.8% resistance ($7,402), the market was starting to give a signal that this was a bullish correction in an overall bearish market.
At the previous high ($7,402) the ADX indicator crossed to show the bears taking control of the near-term trend. The market stalled on a lack of buying interest at this level. At the same time, the Relative Strength Index (RSI) was trying to break out of a red bearish zone I follow. With the hold at the top of the red bearish zone level on the indicator, this solidified the latest rally attempt as a bullish correction in an overall bearish market.
There was no crossover of the directional index lines plotted along with the ADX. The market stalled into selling interest at an early Fibonacci resistance level. The RSI has maintained a level inside the red bearish zone. These three indications working together paints a picture for a move back to previous support level lows.
Critical Resistance: $6,911.06
Key Resistance: $6,607.44
Key Support: $6,419.61
Critical Support: $6,116.00
Any questions let me know. I would also love to hear your thoughts.
#FibonacciFriday celebrates with a bearish sentiment in BTCUSDWith price finding early selling interest at a low Fibonacci retracement level ratio and the red negative directional index line not crossing down through the positive directional index line, look for selling interest to remain here with the previous low as a target for a test of support once again.
Despite the latest move up recently, the bears maintain control. Not enough bullish signals for me to go long just yet.
Happy trading!
Stellar seeks out previous lowPrice tested the 61.8% Fibonacci resistance level a couple of times and was held off by selling interest. This line became a key area of selling interest, and should remain strong going forward. now becomes critical resistance moving forward.
Momentum for trend is starting to kick in gear for the bears. The Average Directional Index (ADX) line is increasing at the same time the red negative directional index is staying elevated. The bears started to take control right at the time the dotted trend line was busted to the downside. Internal strength for a bearish trend has continued to increase since.
The price move below the 61.8% Fibonacci level has made the golden ratio critical resistance going forward. This move sets up a full retracement target to the previous low before strong long-term buying is likely to return. Also, the trend line break objective, marked with arrows, matches up nicely with the full retracement level. This creates a spot where buyers are likely to set up camp to build a new long-term floor in the market.
Staying on the sidelines for now waiting for the previous low area to hit.
Critical Resistance: $0.2404
Key Resistance: $0.2130
Key Support: $0.1802
Critical Support: $0.1710