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Exponential Moving Average (EMA)

USDCHF Likely To Test 0.97500 Level After Trendline Violation!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
KIWI Likely to Test 0.62500 level After Support Break!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
1
LOONIE Likely to Test 1.31600 Level After Trendline Break!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
ICXBTC Fractals | Potential Bottom Formation! Hello Traders, Today’s chart update will be on ICXBTC, where potential fractals are playing out. We have local resistance formed, followed by a dump retracing back to the .236 Fibonacci level and dumping again. ICX may be on the verge of dumping again according to the fractals however we do see bear impulses declining significantly on each dump, could this be the bottom forming? Points to consider - Trend bearish on daily - Resistance at the .50 Fibonacci level - New trend line acting as local support - Stochs showing downwards projection - RSI testing trend line - EMA’s natural at current time - Seller getting exhausted - Volume is declining ICX is in an interesting position on the chart where there are indictors pointing towards a bottom formation… The daily trend needs to put in higher lows to change the trend which can be achieved through breaking the .50 Fibonacci level, which is currently being test right now. We have a new trend line being established. This needs to hold otherwise price will be bearish if broken, putting emphasis on the fractals coming to fruition. The RSI is currently testing its trend line, a hold and respect of this trend line will greatly increase the probability of this being the bottom. The EMA’s is neutral at currently give time, price is trading within it as we don’t have a clear cross and direction. Most noticeably, IMO, is that these fractals are losing steam as the bear impulses are getting smaller. If price holds and respects the trend line and puts in a higher low,that would be really bullish, a potential local bottom will be in place, however this needs to be confirmed with having an increase in bull volume… What are your thoughts? Please leave a like and comment
Long
by The_Alchemist_Trader_
ETHBTC Testing Critical Resistance Level!Hello Traders! Today’s chart update will be on ETHBTC which is testing a very critical resistance level in its established 4hr time frame bull trend. A break of this local resistance will increase the probabilities of testing major structural resistance, presenting a potential trade set up. Points to consider, - Trend line being respected - Price testing local resistance - Support found at .50 Fibonacci - Stochastics in upper region - RSI testing its resistance - EMA’s supporting price - Volume increasing - VPVR showing a decrease in volume of transactions ETH is looking very bullish as it respects its trend line, confirmed by three touches; this trend line comes perfectly into local resistance. This local resistance is a very critical level as a break will continue this bullish bias; a rejection will negate market structure, putting in a potential triple top. After initial bull impulse, support was found at the .50 Fibonacci Level, being in confluence with the trend line, this area was very strong for bulls who were able to continue the trend. The Stochastics is currently trading in the upper region where it can stay for an extended period of time; there is no evidence of downside momentum at current given time. The RSI is currently testing it resistance, coming closer into its apex, a move will be imminent very shortly. EMA’s are holding price support as it comes into local resistance; overall support is very strong for the bulls as the EMA’s are in confluence with the trend line. Volume itself is showing an increase, this needs to continue upon the break of local resistance to avoid the chances of a fake out. The VPVR visibly shows a decrease in volume of transactions between the two segments of local resistance and major structural resistance. This tells us that bulls will have a greater probability of reaching technical target due to the low level of resistance from the VPVR. Overall, IMO, a break from this critical level will be extremely bullish and will give us a trading opportunity. A break bearish from trend line will negate market structure and a retrace back to the .50 Fibonacci will be more probable… What are your thoughts on ETHBTC? Please leave a like and comment, And remember, “Hope is bogus emotion that only costs you money.” – Jim Cramer
Long
by The_Alchemist_Trader_
Triple EMA & Double Aroon StrategyThis is my revision of the 20,50,200 Ema&Aroon strategy. Link provided. I've added a second Aroon a indicator set to 50. This allows you even greater insight and accuracy to the beginning of a trend as well as greater accuracy in determining when the pair is consolidating. In most cases, if the Aroon 25 doesn't catch the beginning of a good trade signal, the Aroon 50 will. This is also true vise versa. Remember to always get confirmation when taking your trades. Enjoy! I have recently gathered data using this strategy on AUDUSD as well as USDJPY and this system seems to work fine on those pairs as well. This strategy can also work on the 30 Minute time frame as well as 1 hour and 5 Minute. Although it becomes more difficult to determine confirmation on trade signals at lower time frames such as 5 Minute and below. AUDUSD USDJPY
by RagingSniper
BTC Bullish Divergence and CME Gaps Filled!Hello Traders! Today’s analysis will be on Bitcoin’s recent developments, Bullish Divergence and CME futures gap filled, could a bounce be more probable from current rage? There are a few technical indicators that point towards a market bounce Points to consider, - Clear bullish divergence on hourly timeframe - Major resistance at .236 Fibonacci level - Major structural support at 8K level - Stochastics turning bullish - RSI respecting upwards trend - VPVR showing low volume of transactions - Volume well below average - Volume climax candles - EMA’s yet to meet price Bitcoin has finally filled its CME futures gap around the $8,000 mark where it held support and traded this region to form a potential bullish divergence. Price is making lower lows whilst the RSI makes consecutive higher highs. Local structural resistance for bitcoin is the $9,200 mark, which is in confluence with the .236 Fibonacci level. A break from this level will be quite bullish… The stochastics are on the verge of turning bullish, signifying that the downside steam has cooled of and a move upwards is more probable. RSI is respecting it’s upwards trend, we need to see it continue to diverge from price, and this will cool of the indicator from oversold conditions… VPVR is quite interesting, as there is no high volume traded between current support and resistance, a bull move up would not experience heavy resistance due to lack of volume traded between the two regions. The volume profile is also quite interesting; we’ve had multiple volume climax candles and large wicks being bought back up. This signifies a strong level of support that is defended by the bulls. The EMA’s have not yet reached price so, at current time being, it is bearish until we see a bullish cross… It is more probable for Bitcoin to bounce and retest local support; it would be a natural market reaction after a straight flush down. This is supported by the tentative bullish divergence forming at current given time. What are your thoughts on Bitcoins current price action? Please leave a like and comment And remember, A streak of winning trades can boost your ego and self-confidence to such an extent that you start believing that you’re invincible. If that is the case, try to take a break from trading to calm your emotions down.
BITMEX:BTCUSD.PLong
by The_Alchemist_Trader_
BTCUSD Hourly Inverse Head and Shoulders! Hello Traders!, Update on recent BTC developments!, New potential formations on the chart, Hourly Inverse Head and Shoulders! Points to consider, - Potential Inverse head and shoulders - Trend is currently consolidating - .618 Fibonacci acted as support - Price testing neckline - Potential Triple top if price meets calculated target - RSI respecting up trend - Stochs showing upwards momentum - VPVR showing decreasing volume of transactions - EMA’s giving price support Current price action is showing us that bitcoin may be developing an Inverse Head and Shoulders pattern, valid only if price breaks neckline! There are signs in the chart that increases the probabilities of this being and actual Inverse H&S, the trend is currently consolidating after it was found with support from the .618 Fibonacci retracement zone. Price retraced back to the neck line zone as the EMA’s come into play by giving Bitcoin support… The RSI is quite bullish as it is respecting it’s upwards trend. Furthermore, the Stochastics is showing upwards momentum as price comes into the neckline… This formation is only valid if bitcoin breaks the neck line, which has a calculated target near the next local top. The breakout needs to be confirmed with above average volume… Keep in mind that the target could post a potential triple top if bitcoin decides to reverse, so it’s a good area to take profits if this does play out! What are your thoughts on BTC’s recent developments? Is this a potential inverse head and shoulder? Please leave a like a comment And remember, “The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
BITFINEX:BTCUSDLong
by The_Alchemist_Trader_
EOSBTC BULLISH DIVERGENCE !?Hello Traders! Today’s chart will be on EOSBTC, potential bullish divergence! Points to consider, - Bullish cross on EMA’s - RSI broke resistance - Volume picking up slightly - VPVR showing low volume of transactions - Price putting in lower bottoms as RSI puts in higher bottoms (Bullish Divergence) EOSBTC is looking quite interesting on the daily timeframe as it may be looking to change market structure and turn bullish. The RSI recently broke resistance and has further upside potential upon retest of the now turned support, previous resistance. Price has been putting in lower lows whilst RSI has been establishing higher highs, classical bullish divergence. Volume has also been picking up, we need to see this sustain if EOS was to test local resistances. The EMA’s are currently crossing bullish, which is another sign that EOS is ready for further upside movement and with the VPVR showing low volume of transactions, EOS bulls shouldn’t have much issue reaching resistant targets, posting gains of potential 42% and up to 92%! We much consider the market as a whole, the crypto market is very uncertain, this whole set up can be negated by BTC’s moves so we must use risk management and stop losses! What are your thoughts on EOSBTC recent developments? Will bulls come to fruition and break local resistances? Or will we see EOS roll over and retest yearly lows? Please leave a like and comments And remember, “You’re going to learn a million things, then you need to forget them all and focus on one.” – SunriseTrader
by The_Alchemist_Trader_
Dovish ECB Could Finally Make EURUSD Test 1.09000 Level!Have a look at the main chart for the EURUSD Daily TF, where the BLUE horizontal lines represent concrete support and resistance levels taken directly from the Monthly TF. The orange horizontal lines represent the support and resistance taken from daily and weekly TF. The 1.09000 level has not yet been tested on monthly charts, however the price did come close to testing it. Tomorrow's ECB meeting would likely make the price test this elusive level shall the message be dovish! Technically speaking, the daily TF chart shows a neat descending channel and should the daily candle close below 1.1000 level convincingly by end of the day, we could see the price gather pace towards the 1.09000 elusive support. Fundamentally the markets have already priced in a dovish ECB outcome, however keep in mind the EUR is at a consolidation stage and ECB might just ignite the selling pressure and take this pair towards the 1.05 Support in the near future. In short both fundamental and technical picture are highly tilted towards a depreciation in the EURUSD. This just represents my analysis. shall there be any trade entries (possibly tomorrow)i will post them in a new post. cheers
Short
by FX618Analysis
BCHUSD Head and Shoulders! Hello Traders! Welcome to another update, Today’s analysis will be on BCHUSD, a potential head and shoulders! Points to consider, - Overall up trend, putting in higher lows - Price currently testing support and potential neckline - RSI coming into tightening apex - Stoch in neutral area - EMA’s acting as resistance at current given time - Volume tapering off on right shoulder - The .50 and .618 Fibonacci has acted as resistance to price BCHUSD may well be forming a head and shoulders pattern that could be on the verge of breaking bearish. Price is currently testing the upwards support line which is in confluence with the .382 Fibonacci and local support zone. The RSI is in a equilibrium, coming into its apex, it will break in the near future, whilst the stochs currently neutral, momentum could go either way… EMA’s are currently giving price strong resistance at current given time; there is so much confluence in this area proving that a break is imminent! A break bullish will push price to retest previous resistance zones, which are the, .5 and .618 Fibonacci zones respectively. A break bearish could see BCHUSD tank to and below yearly lows… What are your thoughts, will BCHUSD head and shoulders pattern come to fruition? Please leave a like and comment And remember, “Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.”Yvan Byeajee
COINBASE:BCHUSDShort
by The_Alchemist_Trader_
BTCUSD Important Resistance Area! Bears vs Bulls!Hello Traders! Update on BTC recent price movements from yesterday! Will bulls push though current resistance or will bears take over at this given point? Points to consider - Head and Shoulders pattern will be negated if bulls break resistance with volume - 4hr bullish divergence has held true! - Currently inside bars forming on 240 timeframe - Volume has dropped of drastically - RSI is in overbought territory - Stoch’s overextended on upwards momentum - Volume Climax - EMA’s yet to reach price BTC has had an impressive move upwards from strong local support; now currently testing an important resistant area. Bulls have the potential of pushing price over resistance thus totally negating the potential head and shoulders pattern. (Not a pretty Head and Shoulders one must say) The 4 hour bullish divergence gave bulls an edge to push price to resistance, however volume has drastically decreased since testing this area (currently forming inside bars, yet to break), bulls may be well be out of steam. The RSI is currently in overbought territory and needs to cool off on a technical point of view. The Stochastics’ is now turning, showing us possible downwards momentum being more likely. We are yet to see how price will react once the EMA’s come to fruition, it may hold support, but this would be weak as other indicators are looking quite bearish… What are your thoughts? Will price turn bearish from this resistance, or will it consolidate before bulls takeover again? Please leave a like and comment And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
BYBIT:BTCUSD.PShort
by The_Alchemist_Trader_
2