all you need is love, ema50 and funding/premium chart <3 Funding/premium is still on very low level. Corrections to ema50 1D while funding went negative were great btfd oppurtunities. Let's see how it will go this time.
Exponential Moving Average (EMA)
BTC - could we soon witness a GOLDEN CROSS?BTC Update:
BTC is still safely above its 50MA and its 200MA. Note that the 50MA is pointing upwards and the 200MA is pointing sideways. If the support levels hold strong and if and when BTC is able to push above the Upper Resistance Zone and the Pitchfork Median Line then........ we will witness a GOLDEN CROSS on this 1D timeframe.
BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe.
Note that the Upper Band is starting to point downwards and the lower Band is pointing upwards indicating volatility has slowed on this 1D timeframe. With this consolidation, we are seeing the start of a potential Bollinger Band Pinch, which could lead to a big volatility induced move.
BTC has found some resistance from its Least Squares Moving Average (LSMA). Note that a daily close ABOVE the LSMA is a potential buy signal.
BTC is above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
At the moment, BTC is fighting to stay above its Volume Profile Fixed Range Point of Control (VPFR POC) the the fixed range of 14 daily candles that I’ve selected.
Volume has increased and note that yesterday and today’s volume Bar are above its Volume 20 Period Moving Average.
BTC is still in an Upwards Pitchfork Pattern (A,B,C). Note that BTC has crossed under the Pitchfork Median Line (Middle Dashed Line). The Pitchfork Median Line is a crucial level to cross and close back above.
BTC has found strong resistance from its Upper Resistance Area of $50,604 - $49,087.
BTC has now found strong support from its new Support Area of $46,693 - $46,231.
If i just use the Ichimoku Cloud (Kumo) without the other IC indicatiors, you can clearly see that BTC has found VERY STRONG support from the Ichimoku Cloud Leading Span B (Senkou Span B) support Level. This level also coincides with the new Support Area I’ve added.
If we look at the Average Directional Index (ADX DI) we can see the trend strength has dropped with the ADX (Orange Line) at 26.50 and still under its 9 Period EMA which is at 31.22. The +DI (Green Line) is pointing upwards at 18.46 and the -DI (Red Line) is pointing downwards at 14.86. This means that while the Trend strength has dropped, Positive Momentum has actually increased and Negative Momentum has decreased. The further the +DI (Green Line) gets away from the -DI (Red Line) the better.
The Relative Strength Index (RSI) is indicating Momentum is upwards at the Moment. Note that the RSI (Purple Line) is pointing upwards and looking like it may cross back above its 9 Period EMA (Red Line), this will be a good sign of upwards momentum strength for this 1D timeframe if that happens. Note that the RSI still has plenty of room to move up before becoming overbought on this 1D timeframe.
If you are uncertain to go long, then confirmation will be when BTC successfully crosses ABOVE and CLOSES a daily candle ABOVE the Upper Resistance Area. If you are uncertain to go short, then you would wait for BTC to successfully break UNDER and CLOSE a daily candle UNDER the New Support Area and the Leading Span B (Senkou Span B) support Level.
Remember that a close ABOVE the LSMA is also a potential BUY signal for this indicator. Full Bullish Confirmation on this 1D Timeframe will be when the Leading Span A (Senkou Span A) crosses back above the Leading Span B (Senkou Span B) cloud support creating a Cloud (Kumo) Twist a new Bullish Green Cloud for this 1D timeframe.
Also, don't forget to get your cameras ready for when that 50MA & 200MA Golden Cross happens. ;-)
I hope this is helpful with your Trading and Hodl-ing..... cause it does take a while to type it all up :-)
Notes for those that don’t know:
50MA = Yellow Squiggly Line on chart
200MA = Red Squiggly Line on chart
LSMA = Black Squiggly Line on chart
Bollinger Bands = Grey Bands on chart on chart
Ichimoku Cloud = Red and Green fluffy Cloud on chart
Pitchfork = A,B,C Lines on chart
VPVR POC = Long Horizontal Red Line on chart
VPFR POC = Short Horizontal Red Line on chart
Volume Bars = Bottom of Chart
Volume Moving Average = Black Line going through Volume Bars
Support and Resistance Areas = Horizontal Black Lines with Yellow Shading
GBPNZD: Lows before HighsGBPNZD is overall bearish. Now this one is approaching a support level where we will be looking for buy setups.
Meanwhile, price can still retest our trendline, making a higher low before breaking and the EMA50 where our buy trigger would be.
Conclusion: wait like a sniper !
Trade Safe
XPEV DailyNYSE:XPEV daily looks ready to break the top trendline.
EMA's accelerating upwards together
MACD positive and accelerating
Formed a nice base with multiple rounded bottoms throughout July and August
Gbpaud buy opportunity signal Gbpaud now in support daily, low risk to buy on weakness lets buy now
I place buy with
Stoploss in 1.873
Take profit in 1.896
Risk in your hand, disclaimer on
EUR GBP simetrical triangle form Eur GBP potential make simetrical triangle with one correction wave, place buy limit in support trend line and use fibonaci expansion to see take profit area, dont forget to set stoploss
DCT Launching?NASDAQ:DCT looks like it is ready to launch into a breakout. MACD just turned positive with a very bullish bar on Friday. Both the 20 and 50 EMAs are accelerating upwards together and Friday gave us the highest closing bar in months.
Bears are in full controlREJECTED FROM 50 WMA (low)...
bears are in full control
look for a rejection of the
4 & 8 EMA for potential entry
on ANY timeframe
If bullish (riding the bounces) profit taking expecting rejection of 4 & 8 ema
Negated on a bullish break of the 50 WMA
AND 4 & 8 EMA acting as support.
Quick VTHO 1D updateQuick VTHO 1D chart update:
VTHO is still in the Equilibrium Zone of the Ichimoku Cloud for this 1D timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid-point of the short-term momentum is slightly upwards.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards at the moment.
VTHO has found support from its Ichimoku Cloud Base Line (Kijun Sen) and has bounce off this level twice over the last 3 days.
VTHO has found some resistance from its Conversion Line (Tenkan Sen) level.
VTHO is still in its triangle pattern walking downwards, keep an eye on if the breakout is upwards or downwards. We may see VTHO head to its triangle pattern APEX before we see a breakout. A successful break ABOVE the descending resistance line and re-test as support is crucial.
Volume is still relatively low and VTHO is below its Volume 20 Period Moving Average. It’s a good thing that this period of downwards movement over the last couple of days has not been on huge volume.
VTHO is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
VTHO is still below its Volume Profile Fixed Range point of Control, (VPFR POC) for the fixed range i have selected.
VTHO is still below its Least Squares Moving Average (LSMA) if you are waiting for LONG confirmation then a close above the LSMA and successful retest of it as support is crucial.
VTHO is above its Bollinger Bands Middle Band Basis 20 Period SMA at the moment. A daily close ABOVE this & successful re-test as support is crucial for renewed upwards momentum.
The Average Directional Index (ADX DI) is showing the trend strength has weakened with the ADX (Orange Line) at 44.63 crossing under its 9 Period EMA (Black Line) which is at 48.63. The +DI (Green Line) has dropped to 22.87 and the -Di (Red Line) is sideways at 16.81. This indicates that while we have seen a drop in Positive Momentum, Negative Momentum has not increased but is sideways at the moment.
The Relative Strength Index (RSI) is confirming that momentum is upwards at the moment. Note that the RSI (Purple Line) is still below its 9 Period EMA (Orange Line), a cross back above the 9 Period EMA will be a sign of renewed upwards momentum strength. Note that VTHO has room to move up on this 1D timeframe before it becomes overbought.
I hope this is helpful with your trading and hodl-ing.
BTC update - On possibly the sexiest 1D chart of the evening ;-)Lets have a look at the BTC 1D chart using the Ichimoku Cloud with the 20,60,120,30 settings and a few other indicators and squiggly lines:
BTC is in the Bullish Zone of the Ichimoku Cloud for this 1D timeframe. BTC has closed 4 daily candles within the Bullish Zone for this 1D timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the sort-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid point of the mid-term momentum is sideways.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards at the moment. Note that the Lagging Span (Chikou Span) is still safely above the Price from 30 Periods ago.
Note that the gap between the Ichimoku Cloud Leading Span B (Senkou Span B) and Leading Span A (Senkou Span A) has shrunk so if BTC stays in the Bullish Zone, we may eventually get a cloud (Kumo) Twist into a new Bullish Green Cloud for this 1D Timeframe.
BTC is still above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. Note that the Upper Band is moving downwards and the Lower Band is moving upwards indicating we may see some consolidation and a drop to the Middle Band Basis.
BTC found strong resistance and is below its Least Squares Moving Average (LSMA) level. A candle close below the LSMA is a possible SELL signal for traders who use this indicator. A candle close above the LSMA is a BUY signal.
Note that BTC is still above its 50EMA for this 1D timeframe and now is quite a distance safely away from it.
BTC is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range i have selected.
BTC is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
Note that volume has increased but the volume Bars are still under its Volume 20 Period Moving Average.
I have added a few potential support zone areas just incase BTC shits the bed ;-). I could add more but didn’t want to make this chart to messy ;-). I have also added a Zone where BTC has found repeated resistance, so a close above this level is crucial for continued upwards momentum.
The Average Directional Index (ADX DI) is indicating the trend straight has dropped slightly with the ADX (Orange Line) at 37.42 but still above its 9 Period EMA (Black Line) which is at 36.71. The +DI (Green Line) has dropped to 27.02 and the -DI (Red Line) has risen to 13.70. This is indicating a decrease in Positive Momentum and an increase in Negative Momentum. Note that the +DI (fGreen line) is still above the -DI (Red Line). If the ADX (Orange Line) crosses back under the 9 Period EMA (Black line) then this could lead to a further drop on this 1D timeframe. On the plus side, we still do have some distance separating the +DI (Green Line) and -DI (Red Line) which is a good thing.
The Relative Strength Index (RSI) is indicating momentum is downwards at the moment. Note that the RSI (Purple Line) is below its 9 Period EMA (Red Line) which is a sign of strength for downwards momentum. On the plus side, the RSI is a fast reacting indicator so it does mean that BTC still has room to move up before becoming Overbought on this 1D timeframe.
A very good sign will be if BTC closes this daily candle above the Leading Span B (Senkou Span B) cloud support in the Bullish Zone. A close below the Leading Span B (Senkou Span B) cloud support in the Equilibrium Zone will most likely lead to further drops to the below support zones, so it’s crucial for BTC to stay above and more importantly CLOSE ABOVE this level. Full Bullish Confirmation for this 1D timeframe will be when the Leading Span A (Senkou Span A) crosses back above the Leading Span B (Senkou Span B) level creating a Cloud (Kumo) Twist into new Bullish Green Cloud for this 1D timeframe.
Again my post are not price prediction post but more educational about what BTC has above and below it & hopefully this post has explained what the various indicator that i have used are actually indicating.
I hope this is helpful with your trading and hodl-ing.
EURGBP Waiting for Breakout The major trend lines were drawn from the 4HR Chart. First off, way too many lines, but it all makes sense right? I am looking for price to break the current upward trend or my drawn Support. If this price breaks the trend support, I would wait for a retest, all really depends. Major area of confluence due to the 200 EMA being so close by to possibly act as a support (which it has been at previous bounce off support). Looking for short entries and looking for a breakout when support is broken. Add any other information if you'd like. Thank you.
VTHO - 1D Chart with the Ichimoku CloudVTHO 1D chart update using the Ichimoku Cloud with the 20,60,120,30 settings:
Note that VTHO is in the Ichimoku Cloud Equilibrium Zone for this 1D timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid point of the mid-term momentum is sideways.
The Ichimoku cloud Lagging Span (Chikou Span) is indicating that the momentum at the moment is downwards. Note that the Lagging Span (Chikou Span) is still above the candle from 30 periods ago.
VTHO has found some support from around its Conversion Line (Tenkan Sen) level for this 1D timeframe. A good sign will be if VTHO manages to stay above & close a daily candle above this level.
Note that VTHO has dropped below its Volume Profile Fixed range Point of Control (VPFR POC) that i have selected on this chart.
VTHO is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
Note that Volume is still very low on this finance chart and the last 6 Volume Bars have been below its Volume 20 Period Moving Average.
VTHO is still above its Bollinger Bands Middle Band Basis 20 Period SMA, VTHO may find support at this level if the Conversion line (Tenkan Sen) support fails.
VTHO had dropped below its Least Squares Moving Average (LSMA) 3 days ago which is a sell signal for most traders who use this indicator. If you are LONG, then for this indicator confirmation of renewed upwards momentum will be when VTHO closes a daily candle back above the LSMA.
VTHO has found resistance from its descending resistance line. A close above this and successfully retest as support is crucial for continued upwards momentum.
The Average Directional index (ADX DI) is showing the trend strength has dipped with the ADX (Orange Line) at 51.90 but note its still above its 9 Period EMA (Black Line) which is at 50.72. The +DI (Green Line) has dipped to 28.34 and the -DI (Red Line) has risen to 14.12, this indicates that Positive Momentum has dropped and Negative Momentum has increased. If the ADX (Orange Line) crosses back under the 9 Period EMA (Black line) then we may see a bigger drop in price for this 1D timeframe. What we don't want to happen is the +DI (Green Line) to cross back under the -DI (Red Line), that would mean that Negative Momentum has completely overtaken Positive Momentum for this 1D timeframe.
The Relative Strength Index (RSI) is indicating momentum is downwards at the moment. Note that the RSI (Purple Line) has dropped below its 9 Period EMA (Orange Line) this is an indication downwards momentum strength.
If you are LONG and using this method, full bullish confirmation for this 1D timeframe will be when the Ichimoku Cloud Leading Span A (Senkou Span A) crosses back over and above the Leading Span B (Senkou Span B) level creating a new Bullish Green Cloud (Kumo) for this 1D timeframe.
If the Conversion Line (Tenkan Sen) fails as support then VTHO has the Bollinger Bands Middle Band Basis 20 Period SMA, the Base Line (Kijun Sen) as well as its Ascending Support Line as potential support levels.
As always we have to keep an eye on what BTC is doing but looking at this analysis, there could be some good opportunities to acquire more VTHO at a much cheaper price.
I hope this is helpful with your trading and hodl-ing.
VeChain - 1D chart updateVeChain 1D chart update using the 20,60,120,30 Ichimoku Cloud Settings:
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid point of the mid-term momentum is sideways.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum at the moment is upwards. Note that the Lagging Span (Chikou Span) is way above the price from 30 Periods ago.
Note that VET is inside the Ichimoku Cloud Equilibrium Zone for this 1D timeframe.
VET is above its Volume Profile Visible Range Point of Control (VPVR POC) for this chart’s visible range.
VET is above its Volume Profile Fixed Range Point of Control (VPFR POC) for this chart’s fixed range i have selected.
Volume is still relatively low for this 1D timeframe and notice that the last 4 Volume Bars have been below its Volume 20 Period Moving Average.
Note that VET is still safely above its longterm upwards Trend-line.
VET is in a triangle pattern so be on the lookout for which direction VET may break out from, at the moment it looks like VET will break upwards. VET has found some resistance from its triangle descending line.
VET is above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. Note that the Lower BB is moving upwards and the Upper BB is moving sideways, this shows me that we may see a bit of consolidation and also that VET still has a lot room to move up before volatility becomes overextended.
The Average Directional Index (ADX DI) is indicating the trend is sideways with the ADX (Orange Line) at 46.99 and still above its 9 Period EMA (Black Line) which is at 46.47. The +DI (Green Line) is sideways at 23.03 and the -DI (Red Line) is at 8.41. Note that the +DI (Green Line) is sideways and the -DI (Red Line) is pointing downwards, this indicates that while Positive Momentum is sideways, Negative Momentum has dropped for this 1D timeframe. Please be aware that if the ADX (Orange Line) drops below the 9 Period EMA (Black Line) then we will may see a price drop on this 1D timeframe.
The Relative Strength Index (RSI) is also indicating momentum is upwards at the moment. Note that the RSI (Purple Line) has just crossed back above its 9 Period EMA (Orange Line) which is a good sign of upwards strength for this 1D timeframe. Note that the RSI (Purple Line) still has room to move up before entering the Overbought Zone on this 1D timeframe. Note that being in the Overbought Zone doesn't mean the price will drop as the RSI (Purple Line) can go up, down and also range sideways in the Overbought Zone for a prolonged period of time.
If you are LONG and need to wait for confirmation of renewed upwards momentum then a successful close above the Potential Resistance Line and retest of that as support is crucial. If you use the Ichimoku Cloud System as your confirmation then you will wait for the price to break above the Leading Span B (Senkou Span B) resistance into the Bullish Zone and a successful retest of the Leading Span B (Senkou Span B) as support, FULL Bullish Confirmation for this 1D timeframe will be when the Leading Span A (Senkou Span A) crosses back above the Leading Span B (Senkou Span B) creating a new Bullish Green Cloud (Kumo) for this 1D timeframe.
Using this system I’ve posted, if VET cannot make it above its Resistance Area and drops, it will find potential support from its Conversion Line (Tenkan Sen), Base Line (Kijun Sen), its Potential Support Area and also the Leading Span A (Senkou Span A) support level. There are other timeframes with many other support & resistance levels to take into account but I’m just focusing on the 1D timeframe for this post.
This chart may seem messy to some and there is a lot going on, but as I’ve stated before, my charts are more TA educational instead of price predication, so hopefully I’ve succeeded in explaining to you what information each indicator is actually showing us.
All in all, depending on what BTC does, VeChain is looking really good.
I hope this is helpful with your trading and hodl-ing.
EURUSD MIGHT TARGET 1.1800 THIS WEEK IF TRENDLINE & EMA BREAKSDepending on the new weekly pivot points, shall the trendline break the price will likely target 1.1800 region. Shall this happen, then it would likely be just a consolidation move before the downtrend resumes again.
Shall the criteria meet, i will put the details of entry in the comment section.
TRADE EURUSD DOWNTREND WITH CAUTION. AWAIT BREAK OF 1.1500!As of today 23/08/2021, EURUSD is in downtrend! For the current week, consolidation move is expected which would target 1.18000 region. After that the downtrend is expected to resume. However whenever trading, its advisable to await a suitable confirmation that would enhance the quality of the analysis.
Have a look at the main EURUSD monthly chart. the blue horizontal lines represent concrete support and resistance levels. Currently for the downtrend to resume, the price will likely retrace towards 1.18000 region first and fall towards the 1.15000 area. However in between these two levels there lies monthly 50 EMA. 50 EMA is proven to act as a dynamic support and resistance on any TIMEFRAME. So caution must be exercised while trading the potential downtrend fall from 1.18000 to 1.15000 region.
POTENTIAL TRADING STRATEGY
If one decides to trade between these two levels (1.18 to 1.15) please be advised to trade carefully. Every trade needs a confirmation to enhance its quality and currently the presence of 50 EMA on monthly TIMEFRAME is a risky move to trade the downtrend. THE PATH OF LEAST RESISTANCE FOR EURUSD LIES BETWEEN 1.15 TO 1.12.
So for a trade with high quality and good probability it is advisable to wait for the break of monthly 50 EMA and 1.1500 support
1) MONTHLY CANDLE NEEDS TO CLOSE BELOW MONTHLY 50 EMA FIRST
2) MONTHLY CANDLE SHOULD IDEALLY CLOSE BELOW 1.15000 AS WELL.
3) IF MONTHLY CANDLE CLOSED BELOW MONTHLY 50 EMA, ITS POSSIBLE TO WAIT FOR WEEKLY CANDLE TO CLOSE BELOW 1.1500 AND GO
SHORT TO TARGET 1.12000
PROBABLE TARGET HERE IS 1.12000 LEVEL. BUT THE ABOVE SCENARIO SHOULD TAKE PLACE FIRST. THIS WOULD ENHANCE THE QUALITY OF THE TRADE AND ITS PROBABILITY
FUNDAMENTALLY, USD is expected to get stronger as the economy shows the sign of improving and FED taper talks. USD acting as safehaven in RISK OFF mood would likely support the dollar as well. Focus would shift to the The Jackson Hole Economic Symposium, during which the FED chairman would likely focus on tapering and provide insights into FED future action.
Therefore this week we should notice EURUSD consolidation towards 1.18000 and then next week downtrend should resume! However it is advisable to trade EURUSD once the M 50 EMA and 1.15000 level breaks. the target here would be 1.12000 level
Shall there be any updates in the future i will provide the entry details in the comment section
ETSY Bullish DailyNASDAQ:ETSY daily looks bullish as it break the top trendline with MACD confirmation. Price is sitting right on top of the 20 and 50 EMAs which are both turning up together.
Quick and Dirty BTC updateBTC is still above its upwards Pitchfork Median Line (A,B,C) on this 1D timeframe.
BTC is still above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1D timeframe.
Note that the 50EMA (Yellow Line) has finally crossed back above the 200EMA (Red Line) on this 1D timeframe.
BTC has found some resistance at its Least Squares Moving Average level (LSMA) (White Line). For people who use this indicator, a candle close above the LSMA is a potential buy signal.
Volume is still relatively low and note that todays Volume Bar is below its Volume 20 Period Moving Average (Orange Line) at the moment.
Here is a closer look at this chart:
Using the Ichimoku Cloud settings of 20,60,120,30:
The Ichimoku Cloud Conversion Line (Tenkan Sen) (Blue Line) is indicating the mid point of the short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) (Orange Line) is indicating the mid point of the mid-term momentum is sideways.
The Ichimoku Cloud Lagging Span (Chiikou Span) (Green Line) is indicating momentum is upwards at the moment.
Note that BTC has found some support from its Leading Span B (Senkou Span B) Cloud support.
Note that gap between the Leading Span A (Senkou Span A) and the Leading Span B (Senkou Span B) levels has shrunk. Bullish confirmation for this 1D timeframe will be when the Leading Span A (Senkou Span A) crosses back over the Leading Span B (Senkou Span B) creating a new Bullish Green Cloud (Kumo).
The Average Directional Index (ADX DI) is indicating the trend strength has dropped slightly and is moving sideways with the ADX (Yellow Line) at 35.42 dropping under its 9 Period EMA (White Line) which is at 35.72. The +DI (Green Line) is pointing upwards at 24.42 and the -DI (Red Line) is pointing slightly downwards at 11.96. This indicates that positive momentum has increased and negative momentum has decreased on this 1D timeframe.
The Relative Strength Index (RSI) is indicating momentum is upwards at the moment. Note that the RSI (Purple Line) has crossed back above its 9 Period EMA (Yellow Line) indicating upwards strength. Note that the RSI still has room to move up before becoming overbought on this 1D timeframe.
If you are still waiting for sub $20K, you might be in for a very long wait especially if BTC creates a new Bullish Green Cloud for this 1D timeframe.
I hope tis is helpful with your trading and hodl-ing.
Hitting the 2584 Fibonacci TEMA again. Time to go up! Our timezones and price zones have been hit and we're resting in the 2584 Fib TEMA (triple exponential moving average) on the 30m chart. This is the same place (relative to this TEMA) we were in last time we bottomed. Very high confluence area for wave 2 to reach its low. My time periods indicates this could be our last day before ripping. My target is over $61,000 in BTC for wave 3 top. I will actually be trading ICP because I like the R/R more than BTC and even DOGE.
NEOUSD Target Price 60.05NEOUSD Pin Bar EMA 10 EMA 20 Horizontal Support Level and 50% Fibonacci Retracement Level
TRXUSD (TRON) Target Price 0.1120TRXUSD (TRON) closed above 0.0909 and retested 0.0909. Entry at close of pin bar.
SPX: New record high! How to proceed?Hello traders and investors! Let’s see how the SPX is doing today!
Once again, we have a new record high, as usual. This is natural, as we have a strong and solid bull trend. Notice how the 21 ema is a reliable support level too, and as long as it keeps above it, the trend will be very bullish.
The red line at 4,429 is another technical support, but there’s nothing indicating that it’ll drop to this point. Let’s see the daily chart:
The index denied all its possible bearish signs, and it just resumed the trend. And the recent movement reinforces our idea that the 4,429 is the main key point here. As we discussed in our last study, I prefer to use this support to guide myself.
If you are on SPX, and are nervous about it, you may just wait for a bearish structure in the 1h chart, like a bearish pivot point or any bearish chart pattern and let the market cash you out. I wouldn't use bearish candlestick patterns in the daily chart, as they fail most of the time.
In addition, if the index loses this red line we’ll see a decent pullback. But for now, no bearish structures in the 1h chart, and no bearish signs in the daily chart.
I’ll keep you guys updated, and in this case, remember to follow me to keep in touch with my daily analysis.
Have a good day.
VTHO 4hr chart updateQuick VTHO 4hr chart update:
After yesterday’s massive price rise, VTHO has dropped back under the Upper Bollinger Band which should come as a surprise after such a large rise.
Note that we have had an extreme expansion on the Upper and Lower Bollinger Bands so a BB contraction and price dip is a possibility and should not come as a surprise.
VTHO is back below its Pitchfork Median Line for this 4hr timeframe.
VTHO is still above its 50EMA (Yellow Line) for this 4hr timeframe.
VTHO is still above its Least Squares Moving Average (LSMA) (White Line).
VTHO has found some resistance from Upper Bollinger Band. Note that VTHO is safely above its Bollinger Bands Middle Band Basis 20 Period SMA.
VTHO is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
At the moment of typing this, VTHO is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range i have selected.
VTHO has closed 7x 4hr Volume Bars above its Volume 20 Period Moving Average and looks like it will close a 8th Volume Bar above it.
The Average Directional Index (ADX DI) is showing that the trend strength is still strong with the ADX (Yellow Line) at 56.58 and still above its 9 Period EMA (White Line) which is at 48.46. The +DI (Green Line) has dropped to 39.65 indicating positive momentum has dropped for this 4hr timeframe, but note that the -DI (Red Line) has also dropped to 2.36 indicating negative momentum has also dropped for this 4hr timeframe. Note that the -DI (Red Line) is starting to curve sideways.
The Relative Strength Index (RSI) is indicating that momentum is downwards at the moment, note that the RSI (Purple Line) is below its 9 Period EMA (Yellow Line) which is a sign weakness for upwards momentum. Renewed upwards momentum will be confirmed when the RSI (Purple Line) cross back above the 9 Period EMA (Yellow Line) for this 4hr timeframe. The RSI (purple Line) has just dropped out of the Overbought Zone.
Here is a closer look at this 4hr timeframe.
We could see VTHO range sideways within a range for a few hours/days which would bring the Lower Bollinger Band Upwards, or we could see VTHO drop to its LSMA or 50EMA level as a major support. If the 50EMA fails as support, VTHO could drop back to its Bollinger Bands Middle Band Basis 20 period SMA. If you are waiting for confirmation to place a long, a successfully break ABOVE the Pitchfork Median Line and successful RETEST of that level as support is key, but note that may change as there might be better lower levels to go long if VTHO dips more.
Note that the Pitchfork Hagopian Line has acted as very strong support over the last few weeks so this level is crucial for VTHO stop stay above on this 4hr timeframe.
I hope this is helpful with your trading and hold-ing.
