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Exponential Moving Average (EMA)

TRXBTC | Key Level |S/R flip Retest | Head and Shoulders Today's analysis – TRONBTC – Trading at a key pivotal level, putting in an S/R flip retest. Points to consider: - Valid head and shoulders (neckline breached) - S/R flip retest - 200 EMA support Confluence - 21 EMA (visual guide) - Low volume - RSI trading above 50 - Stochastics buy cross TRXBTC has breached its inverted head and shoulders neckline, validating the pattern and establishing a higher high, forming a bullish bias in the market. Consolidating at it its daily support zone, putting in an S/R flip retest. Price needs to hold this level for a valid long trade. Support zone is also in confluence with the 200 EMA acting as dynamic support, further solidifying this key level. Price trading above the EMA will support the bullish bias. Further price development will allow the 21 EMA to act as a visual guide assisting in trade management. Volume is clearly tapering off and below average. An influx of volume is key at this level to support the trend continuation and void any fake-outs. RSI holding above 50 as it cools-off from overbought conditions; ranging above 50 will retain the strength in the market. Further bullish price action will form a bullish crossover on the stochastics with ample stored momentum to the upside. Overall, in my opinion, TRXBTC is in its buy zone for a valid long trade with technical targets above. Volume follow-through is needed and will be key for a bullish continuation. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee
2
LBCBTC | Key Pivot Point | Channel Support | Volume InfluxToday’s analysis – LBCBTC – Testing key support, price holding this level forms a higher low; first signs of trend continuation. Points to consider: - Macro-trend bullish - Key level- channel support - 21 EMA- visual guide - Volume influx - Oscillators oversold LBCBTCs macro trend is bullish with consecutive higher lows and higher highs forming a probable ascending channel. This projection gives us a bullish bias on the market. Price is at a key pivot point, channel support, respecting and holding above this level backs the bullish bias. The 21 EMA acts as a visual guide upon strong trend continuation as it is historically respected by price action. Recent volume influx solidifies channel support as a key level. Volume must remain above average to maintain a trend continuation and avoid any fake-outs. Both, the RSI and Stochastics trading below 50, recovering from oversold conditions, a sign of weakness in the immediate market. However, further consolidation above 21 EMA will allow oscillators to recover with ample space to the upside before reaching overbought conditions. Overall, in my opinion, as price continues to hold channel support, a long trade is validated upon an S/R flip of the 21 EMA with the immediate target being channel median. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee
2
AUDUSD | Key Level | Pivot Point | Range ResistanceToday's analysis – AUDUSD – Trading at a key level as range resistance and dynamic support converge. Points to consider: - Pivot Point (key level) - 21 EMA (dynamic support) - Oscillators above 50 AUSUSD trading at a pivotal point in the chart, re-testing range resistance. A breakthrough failure will validate a short with range median as the immediate target. Body candle closes above range resistance validates a long trade to structural resistance. Price action respecting the 21 EMA has allowed it to act as a visual guide. Further price development as it breaks in either direction will allow the MA to act as dynamic support/resistance assisting in trade management. Both, RSI and Stochastics are ranging above 50, a sign of strength and momentum in the immediate market. Overall, in my opinion, further price development will allow for directional bias, validate a trade in either direction. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
by Kudiiee
BTC LOOKING BULLISH JUST AN IDEA BUT HEAR ME OUT...Hello I see that the MACD may say a downside is coming, however it also looks to be winding up for break out. It makes me wonder if this is the start to the bull run due to the altcoins pumping while BTC ranges which is what it does before a HUGE TARE!!! Also it would make sense because the price has been suppressed for SOOOOO LONNNNGGGG. The only part I see as a potential killer to the whole bull run is if USD TETHER FAILS. If the law's jaws <---- teehee clamp shut on them we could be setting up for a drop like BTC and ALTCOINS has ever seen. With all that said and out there... Trade carefully and responsibly, Aru Of Patriot Crypto Have a great DAY/NIGHT!!!
COINBASE:BTCUSD
by Aru_of_Patriot_Crypto
2
EURUSD LongMy overall bias on EU today would be long. Trend line is holding nicely. There has just been a cross over on the Stoch and RSI is looking very bullish. MACD also bullish. Not the best time to buy now but after a reversal (off or close to the trend line) would be a good time to get in. On a fundamental front this week Monday was a read day for the USD and for the EUR is wasn't so positive. Today we've seen some bad data come out of the EUR which tells me we might be seeing price drop soon. There is still quite a lot f data to come out of the US today and we will see how that holds but as for now pretty neutral on the fundamental front. If I was to get into this one it would be based solely on the technical side of things. Let me know your opinions. Have a good week trading guys
Long
by Ethan_FX
2
THETABTC | S/R Flip | Trend Reversal | Trade SetupToday's analysis – THETABTC – Putting in an S/R flip retest of daily support. Price holding this level validates a long trade to structural resistance. Points to consider: - Trend Reversal (S/R flip) - 21 EMA (visual guide) - Bearish divergence (playing out) - Stochastics above 50 - Low Volume THETABTC forming a probable higher low above daily support as it retraces for a retest. Price holding this level will indicate first signs of a trend reversal as the market builds momentum to the upside, establishing a bullish bias. The 21 EMA will act as a visual guide as the trend develops and price respects the MA assisting in trade management. Bearish divergence playing out as price tests support. Both oscillators need to hold and range above 50 to maintain the bullish bias. Volume is low and below average, usually, an indication of an influx being imminent. Overall, in my opinion, s successful retest of the daily support level validates a long trade to structural resistance with risk defined (SL) below support zone. What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by Kudiiee
2
DGBBTC | Ascending Triangle | Apex | Resistance Cluster Todays Analysis – DGBBTC – Trading within a multi-month ascending triangle, nearing its apex as support and resistance converge. Points to consider: - Resistance cluster - Higher lows - apex - 200 EMA – visual guide - Low volume - RSI above 50 – higher low projection - Stochastics overbought DGBBTC unable to break and hold above daily resistance after multiple failed attempts over a multi-month period indicates a strong resistance cluster. Price action has been forming a higher low projection as it convergence into daily resistance. A break in either direction is imminent as price coils into its apex. DGB respecting the 200 EMA, allowing it to act as a dynamic support. Price trading above the EMA is perceived bullish; breaking below considered bearish. Volume has been declining and remaining below average. Historically, an inflow of volume has coincided with bullish price action, indicative of an influx being probable at the retest of daily resistance. RSI breaking above 50, trading in a higher low projection indicating increasing strength in the market. Stochastics are overextended, although they may remain there for some time, momentum has been stored to the downside. Overall, in my opinion, further price development will determine a directional bias. An S/R flip re-test of daily resistance with volume follow through validates a conservative entry for a long trade with technical target of structural resistance. However, breaking below trend support, price will likely retrace to structural support. What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
by Kudiiee
2
GBPUSD 4H EMA SHORT TRADING STRATEGYExponential Moving Average Strategy (Trading Rules – Sell Trade) Our exponential moving average strategy is comprised of two elements. The first degree to capture a new trend is to use two exponential moving averages as an entry filter. By using one moving average with a longer period and one with a shorter period, we automate the strategy. This removes any form of subjectivity from our trading process. Step #1: Plot on your chart the 20 and 50 EMA The first step is to properly set up our charts with the right moving averages. We can identify the EMA crossover at the later stage. The exponential moving average strategy uses the 20 and 50 periods EMA. Most standard trading platforms come with default moving average indicators. It should not be a problem to locate the EMA either on your MT4 platform or Tradingview. Step #2: Wait for the EMA crossover and for the price to trade below the 20 and 50 EMA. The second rule of this moving average strategy is the need for the price to trade below both 20 and 50 EMA. Secondly, we need to wait for the EMA crossover (20 ema below 50 ema), which will add weight to the bearish case. By looking at the EMA crossover, we create an automatic buy or sell signals. Since the market is prone to false breakouts, we need more evidence than a simple EMA crossover. At this stage, we don’t know if the bearish sentiment is strong enough to push the price further after we sell to make a profit. To avoid the false breakout, we added a new confluence to support our view. This brings us to the next step of the strategy. We refer to the EMA crossover for a sell trade when the 20-EMA crosses below the 50-EMA. Step #3: Wait for the zone between 20 and 50 EMA to be tested at least twice, then look for selling opportunities. The conviction behind this moving average strategy relies on multiple factors. After the EMA crossover happened, we need to exercise more patience. We will wait for two successive and successful retests of the zone between the 20 and 50 EMA. The two successful retests of the zone between 20 and 50 EMA give the market enough time to develop a trend. Never forget that no price is too high to buy in trading. And no price is too low to sell. Note* When we refer to the “zone between 20 and 50EMA,” we actually don’t mean that the price needs to trade in the space between the two moving averages. We just wanted to cover the whole price spectrum between the two EMAs. This is because the price will only briefly touch the shorter moving average (20-EMA). But this is still a successful retest. Now, we still need to define where exactly we are going to sell. This brings us to the next step of the strategy. Step #4: Sell at the market or a limit order when we retest the zone between 20 and 50 EMA for the third time. If the price successfully retests the zone between 20 and 50 EMA for the third time, we go ahead and sell at the market price inside the zone with a bearish candle close or limit order at 50 ema line. We now have enough evidence that the bearish momentum is strong to continue pushing this market lower. Now, we still need to define where to place our protective stop loss and where to take profits. This brings us to the next step of the strategy. Step #5: Place the protective Stop Loss 20 pips above the 50 EMA After the EMA crossover happened, and after we had two successive retests, we know the trend is down. As long as we trade below both exponential moving averages the trend remains intact. In this regard, we place our protective stop loss 20 pips above the 50 EMA. We added a buffer of 20 pips because we understand we’re not living in a perfect world. The market is prone to do false breakouts. Step #6: Take Profit once we break and close above the 50-EMA In this particular case, we don’t use the same exit technique as our entry technique, which was based on the EMA crossover. If we waited for the EMA crossover to happen on the other side, we would have given back some of the potential profits. We need to consider the fact that the exponential moving averages are a lagging indicator. The exponential moving average formula used to plot our EMAs allow us to still take profits right at the time the market is about to reverse.
Short
by Tradingstrategyguides
2
Ethereum Daily AnalysisEthereum seems to have made a daily bull flag. Of Course after it breaks upwards from this flag, Ethereum might reach new local highs. In the mean time it has met yearly dagonal resistance. This makes it likely for Ethereum to retest the 230$ support zone (green). It is still bullish on the daily time frame since it has not closed below the daily EMA Ribbon. This indicates that the daily bullish trend is still intact and we should expect new local highs with it. The target for the breakout of the bullflag is 275$. IF Ethereum does meet this level, it will likely continue upwards to the 280$ level where it meets heavy resistance. We should also keep in mind that the 250$ level is also heavy resistance.
COINBASE:ETHUSD
by JayT121
Bitcoin is ramping up for a huge breakout! Bitcoin in the recent days and weeks has formed a Ascending triangle.This has been after the recent double bottom we say a few days ago. This is bullish because Bitcoin has maintained its upwards trend. Bitcoin will likely find the top of the triangle as immediate resistance. Get ready guys because The target for this breakout is about 11.6k which gives a nice risk to reward ratio. The volume has been declining as evident by the volume indicator. This is significant because when volume decreases, it means that there will soon be a breakout with massive volume spikes relative to the rest. Bitcoin has held it's macro upwards trend by closing above the daily EMA Ribbon. As indicated by previous moves, when Bitcoin closes below the EMA ribbon, it usually indicates the ending of the daily trend. Remember guys " The trend is your friend to the end". Shorting before Bitcoin breaks out of this zone maybe detrimental because the trend is still intact. If Bitcoin breaks out of the ascending triangle, then the next biggest resistance is the 10.6-10.8k level . Keeping in mind that there is a CME gap at 11.8k, it makes it more likely that Bitcoin will come up to fill this level since most CME gaps in the daily time frame get filled. For more tutorials you can go to https:cryptoatlas.net ! Good luck guys!
BITSTAMP:BTCUSD
by JayT121
3
RSI and breakoutsIve noticed that when : 1The RSI hits below 30 on the 30min sometimes 1hr time frame 2Then goes up to just before 70 ...say 67 on the RSI 3Then drops again to 25-29 THAT'S A BUY I think that would indicate a breakout to the upside. The RSI will go up and down in wave patterns. This doesn't mean the price will follow. BE CAREFUL. So, if it has to hit 70 on the RSI but doesn't. Then drops ,all those people who FOMOed in are FOMOing out at a lower price bringing it up but with more volume. THIS IS JUST ME TALKING AND NOT ADVICE.
KEducation
by UnknownUnicorn5174798