ADA - Lets look at the weeklyADA a look at the Longterm weekly chart
ADA is back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1W timeframe. Note that the Lower Band has fully contracted upwards & the direction of the Upper and Lower Bands is now sideways for this 1W timeframe.
ADA is well above its 50EMA for this 1W timeframe.
ADA is still safely above its Pitchfork (A,B,C) Median Line. Worthy of note is the fact that ADA has NOT closed a Weekly Candle Below its Upper Yellow Pitchfork Support Line for 21 weeks in a row.
Notice that Volume is still relatively low for this 1W timeframe with the Volume Bar still below its Volume 20 Period Moving Average. Note that the Volume MA is also dropping because of the drop in weekly volume.
The Moving Average Convergence Divergence (MACD) is showing the MACD Line (Blue Line) is still below the Signal Line (Orange Line) and has created 4 Red Histograms so far. Note that the MACD is a momentum and trend indicator so the MACD level can drop with prolonged sideways momentum as we are seeing here. Note that the MACD Line (Blue Line) is still in in the positive zone above the 0.0 Base Line. We do not want the MACD Line to cross under the 0.0 Base Level on this 1W timeframe. If it did do that, it would mean a 12 Period EMA has crossed under a 26 Period EMA on the 1W timeframe which we absolutely do not want to happen, unless your short-selling.
The Average Directional Index (ADX DI) is showing the trend strength has dropped with the ADX (Yellow Line) at 55.56 below its 9 Period EMA (White Line) which is at 63.45. The +DI (Green Line) is at 20.39 and still above its -DI (Red Line) which is at 13.91. Note that the +DI (Green Line) and -DI (Red Line) is showing overall positive and negative momentum is sideways with a slight slope to the downside. This is showing me that Positive Momentum is still stronger than Negative Momentum on the 1W timeframe.
The Chaikin Money Flow (CMF) is showing that accumulation has dropped with the CMF Line (Green Line) at 0.06 still in the accumulation zone but under its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.14. We do not want the CMF (Green Line) to cross over into the Distribution Zone on the 1W timeframe.
The Relative Strength Index (RSI) is indicating momentum is downwards at the moment so i would say “sideways within a range”. Note the RSI (Purple Line) is showing upwards weakness by being below its 9 Period EMA (Yellow Line).
Looking at the Ichimoku cloud for this 1W timeframe:
ADA is still in the Bullish Zone of the Ichimoku Cloud.
ADA is still above its Base Line (Kijun Sen).
The Conversion Line (Tenkan Sen) is indicating the mid point of the short-term momentum is upwards.
The Base Line (Kijun Sen) is indicating the mid point of the mid-term momentum is sideways.
The Lagging Span (Chikou Span) is indicating momentum has a light slope downwards so more like sideways within a range.
Note that the Cloud (Kumo) is still Bullish Green for this 1W timeframe.
Settings used for the Ichimoku Cloud = 20, 60, 120, 30.
So during this downtrend, can ADA drop more…… well yeh of course it’s always a possibility especially if BTC takes another nose dive. But as we have seen during this downtrend, ADA has shown superior recovery strength when compared to most other major crypto assets. With the advent of smart contracts on the horizon and the future prospects of the various Africa deals finally being put in motion, from my perspective, even if you are a BTC or Ethereum maxi, it shouldn’t really matter, so ADA should be in everyones longterm portfolio. Also, if your not actually trading ADA, then just stake it for an easy monthly passive income. From my perspective, the future look extremely bright for ADA.
Don’t know why I decided to do this mammoth post, but here it is, so I hope this is helpful with your trading and hold-ing. :-)
Exponential Moving Average (EMA)
The Moving Average Explained !!! Hello everyone , as we all know the market action discounts everything :)
A lot of people asked me about the MA and how to use it so i prepared this video for you guys explaining it please enjoy .
or if you prefer to read :
what is a moving average : its a simple technical analysis tool that smooths out price data by creating a constantly updated average price..
we use it to to create sell and buy signal (if the price is above the MA then it’s a buy signal , if the price is below the MA then it’s a sell signal )
Now lets talk about the different types of moving averages :
1_ the simple moving average (SMA)
2_ Exponential moving average (EMA)
Notice that the simple MA line is slow which means if the trend moves quickly its gonna take time for the simple MA to move and this is a problem called LAG , but the Exponential MA (EMA) tries to solve this
The EMA is the same as the SMA except it gives more weightage to recent price action
What does this means , it means when the trend changes quickly so does the EMA , the response time on the EMA is much faster then the SMA
So what if we combined them both to try to understand where sell and buy signals are . That’s called a crossover
3_weighted moving average (WMA) it simply combines the features of the SMA and the EMA
Its basically like a hybrid car it uses electric engine and a diesel engine so it has both of the two worlds ,, how ever the WMA is not as poplar as much as the SMA and the EMA
And that’s it now u guys have a better idea on what is a moving average is and its different types
Make sure to Follow and Like for more content
If you have any questions please ask
Thank you for reading & watching .
VeChain - A traditional analysisA look at the VeChain Daily Chart using some traditional methods.
VeChain is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this daily chart.
VeChain is still below its 50EMA level on this daily chart.
VeChain is in a Descending Channel (Dotted Line) on this daily chart.
VeChain is also in an Ascending Triangle (Dashed Line) on this daily chart. The Ascending Triangle has a small upwards trend-line and a potential longer upwards trend-line. We can expect strong resistance at the resistance of the Ascending Triangle. We need the upwards breakout to be on strong volume and if there is a retest after the breakout, that resistance needs to be turned into strong support.
Volume is still relatively low on this daily chart and the Volume Bar is still below its Volume 20 Period Moving Average.
VeChain is still below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
VeChain is above its Volume Profile Fixed Range VPFR Point of Control (POC) for the range i have selected. VET needs to stay above this level.
The Moving Average Convergence Divergence (MACD) is showing the MACD Line (Blue Line) is pointing upwards and the Signal Line (Orange Line) is pointing sideways. So we may see the MACD Line cross back ABOVE the Signal Line on this daily chart which would form new Green Histograms and is a potential buy signal. A full Bullish trend is confirmed when the MACD Line crosses back over the 0.0 level, this will be a signal that a 12 Period EMA has crossed back above a 26 Period EMA on this daily chart and would bring the MACD into the positive zone.
The Relative Strength Index (RSI) is showing upwards momentum has increased and note that the RSI (Purple Line) is above its 9 Period EMA (Orange Line). The RSI is showing that VeChain has a huge amount of room to move up before becoming overbought.
You all know how passionate i am about VeChain and it's future in the world of Blockchain. There is a possibility that VeChain might drop more within its Descending Channel before any potential breakout, so any dips should be used to accumulate more for your Dollar Cost Averaging (DCA).
I hope this traditional analysis is helpful with your trading and hodl-ing.
EMA200 and EMA50 are probably not crossing in June--Target 45KFollowing the slope of EMA200 to check if we are in the bullish phase or bearish phase.
Currently the slope of EMA200 is slightly sloping upwards.
Next target is 45K on BTC then a check of the EMA50.
Absent world events like a cyber pandemic (internet is vastly shut off) I suspect that BTC is onwards to the path of $100K in 2021.
Even if vast parts of the internet are shut off, the spot prices for BTC might still be high on the remaining P2P markets.
Doge; 200 daily EMA In my last doge post, I stated what we needed to do in order to continue upwards but, if doge couldn't achieve those said goals then we were to meet the 200 Daily EMA.
WELL, here we are! At the 200 Daily EMA after doge failed the box phase. 📦
Expect volatility now which could be good for swing trades.
I'm looking for DOGE to recoup big off the 200 with a higher low povit incoming but ain't gonna be hasty just yet.
I'll make a new phase to study soon but for now,
let's see what happens!
BTC is STILL BEARISHBitcoin is in very important situation.
It has the resistant area of 41k to 42k ahead and also EMA-200 an daily chart.
EMA-50 is already crossed the EMA-100 downside on daily chart
the RSI indicates that Bitcoin probably is going for lower prices.
in this scenario , the next support level (between 30k and 31k) on daily chart can respond to sellers and bounce the price up again.
So trade whit caution and remember anything is possible.
ETH Price Decline ETH has rejected the EMA 50 and bounced off it at $2378 again
There is also a Death cross appearing on the 50 and 200 EMA...
Now it seems to be breaking its major support and price decline will begin a Bearish market for ETH
It seems that Bullish sentiment could be fading and more accumulation to come as ETH breaks lower support...
Disclaimer:* Not a financial advisor. Please inform your investment decisions off of your own analysis.
AJ Trady 5 min ema and macd strategy.A new strategy that I have developed. Only enter when EMA crosses one of the longer term EMA's + a bullish cross is forming on the MACD. Ideally, you should wait for ema 8 to cross both ema 21 and 34 with a bullish cross formed/forming on MACD. Use alongside normal Support and Resistance for SL and TP levels. If used on crypto I mainly suggest just BTC as alt setups easily ruined by BTC doing what it wants.
ETHUSD 4H timeframe | Bearish buildupMarket in last 24hrs
ETHUSD broke the support of the Bollinger Bands midline. Historically, in the short timeframe of 4H, ETHUSD has respected the midline.
Today’s Trend analysis
ETHUSD could continue its bearish momentum, and move further downwards towards the lower band of the Bollinger Bands.
Price volatility remained high at approximately 6%, with the day's range between $2559.18 — $2762.91.
Price at the time of publishing: $2580.63
ETH's market cap: $310.94 Billion
Indicator summary signals bearish momentum.
Out of 15 Moving average indicators, 12 are giving a SELL signal.
ETHUSD could be expected to oscillate between the lower band of Bollinger Bands and the resistance at midline. MACD line has given a downward crossover. RSI has furiously descended to 50. Further downward momentum below 40 gives a 'SELL' trigger.
Volumes have remained low in the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Feel free to provide your feedback. It would allow me to improve my analysis further!