$AMZN - Pennant PatternIn which direction do you guys think this pennant pattern is breaking out to?
I'm seeing an RSI bullish divergence freshly created.
But I'm also seeing imponent 10 and 50 EMAs right above the price right now.
In short, the trend is our friend. That's the overriding principle. However, we also know that every trend eventually bends.
In any case, the conclusion to be drawn is that all you have to do with this market is wait and see which direction it wants to take. For it is about to disclose that information.
Finally, remember, that direction is meaningless for trading decisions in isolation. We need a target/take profit plan, a stop loss, position size, max ttl equity exposure ... a back tested trading system, confidence and mastery in the execution of such a system. Without these, you're trading blindly.
Cheers,
Tenacious Tribe - Backtested Trading Strategies & Studies
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EMAS
BNB/USDT had another rejectionHey guys 👋
Let's get back to BNB here where we see how price had another pullback from upper resistance zone and now we are on the edge of a cliff just waiting for a free fall. So let's see how we will end up here.
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Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
OCEAN/USDT TRADE SETUP! 100% PROFIT POTENTIAL!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this OCEAN/USDT trade setup.
OCEAN looks good in the daily time frame. Breaks out from the symmetrical triangle in the daily time frame. Also, holding 50ema very well. Buy some here and add more in the dip.
Target1:- $0.44
Target2:- $0.51
Target3:- $0.62
Target4:- $0.74
SL:- $0.35
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Also, share your views in the comment section.
Thank You!
EURUSD | Bull & Bear Final Boss FightOANDA:EURUSD
Eurusd Bull and bear fight is on going , till now in a 5 round match 2 round won by bulls
still 3 rounds remaining can bear fight back and steal this match ?
Well we have to wait for a while to see clear picture
till now market broke Pattern and trading up from trendline , if clear breakout happen than 1.1070 next target
bear need's today candle to close below 1.0990 to hope for selling pressure .
📊 The 3 EMA Crossover StrategyThe 3 EMA (Exponential Moving Average) strategy is a popular trading strategy that uses three exponential moving averages of different time periods to identify potential buying and selling opportunities in the market. The three EMAs used in this strategy are the 10 EMA, 25 EMA, and 50 EMA.
🔹What is an EMA Crossover?
An EMA crossover occurs when two different EMA lines cross one another. The crossover doesn't predict future trends, but rather shows the ongoing direction of a trend. That being said, the crossover might actually give a signal that a trend could be ending and will soon be replaced by a new trend.
🔹Why Use 3 EMAs Together?
The three EMAs can give stronger confirmation than just two EMAs crossover. It can also give a better context to the price action in relation to the three EMA lines displayed on the chart. Three EMAs crossing above the price at the same time is a strong bullish signal, while three EMA crossing below the price at the same time is a strong bearish signal.
The crossover of the 10 EMA above the 25 EMA and the 25 EMA above the 50 EMA is used to identify a long position opportunity.
This is known as a bullish crossover, indicating that the trend is shifting from bearish to bullish.
When the 10 EMA crosses above the 25 EMA, it suggests that the short-term trend is beginning to turn bullish, and when the 25 EMA crosses above the 50 EMA, it suggests that the long-term trend is also becoming bullish.
This combination of short-term and long-term trends shifting in a bullish direction can be a powerful signal for traders to enter a long position.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
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US30 Buy IdeaBuy one the 38 fib coupled with the daily institutional EMA's (200, 100 & 50). Counter buy with potential of reaching the previous highs in this relief rally.
XAUUSD/GOLD INTRADAY TRADING IDEASthis is my idea on gold today 4/3/2023 I saw a triangle on gold today and to be more precise there is a symmetrical triangle. currently, the price is at an interesting level to watch because it was close to the strong support in 1960 and the trendline so it is even more interesting to watch. will gold break the strong support in 1960? or will fly back to test the nearest resistance again in 1980 or even continue higher to reach strong resistance in 2000. let's see, don't let your guard down, and stay tuned. do not enter if you do not have a strong reason or confirmation to enter the market.
good luck traders
APE/USDT In The Process Of BreakoutHey traders 👋
Let's keep it simple here, RSI and BB indicators are showing a bullish sign to us which resulted a breakout of structure. We see a good potential to grow here! Waiting for good entry!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
IOTX/USDT looking good for a potential short! Hey guys 👋
IOTX coin is going to be the first coin of the day. Where currently sitting just below that resistance we see a good potential for a short position here. BUckle up and let's go!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
MATIC/USDT Possible To Go For A Re-Test Of EMAsHey guys 👋
MATIC/USDT is another one that caught our attention today. Currently on the edge of breakdown we see a good chance for this coin to show some bearish movement sooner this week. Buckle Up and let's go for a ride!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Weekly double bottom on BABA has tested its 200 ema and consolidated on that level prior to falling back to confirm the double bottom formation. The coming months for BA are going to be interesting. An overall price target for BA will be in the 275-278 area. I can see this catapulting past that with a minor retracement. These levels haven't been seen since Mar 2021. I am bullish on BA in the coming months, with a short-term bearish retest of the weekly 50 ema 183.86. The formation is invalidated below the yellow line
📊Moving Average(MA): Use Cases📍 What Is a Moving Average (MA)?
A Moving Average (MA) is a popular technical analysis tool used in finance to indicate the stock's average price over a certain time frame. Its purpose is to reduce price volatility by creating a continually updated average price based on the stock's historical data.
The computation of a moving average helps to minimize the influence of unpredictable and short-term price fluctuations on a stock over a designated period. Two types of moving averages are commonly used: simple moving averages (SMAs) that employ a straightforward arithmetic mean of prices over a particular timeframe, and exponential moving averages (EMAs) that prioritize recent prices over older ones by assigning them greater weight.
📍 Simple Moving Average(SMA)
A simple moving average (SMA) is a technical indicator that calculates the average of a range of prices over a specific number of time periods. It can help determine if an asset price will continue or reverse a bull or bear trend. It is an arithmetic moving average, calculated by adding recent prices and dividing by the number of time periods in the calculation. SMAs can be short-term or long-term, with short-term averages responding quickly to price changes and long-term averages being slower. Other types of moving averages include exponential moving averages (EMAs) and weighted moving averages (WMAs).
📍 What Is an Exponential Moving Average (EMA)?
The exponential moving average (EMA) is a moving average (MA) technique that assigns more weight to the most recent data points. It is also known as the exponentially weighted moving average. Compared to a simple moving average (SMA) that gives equal weight to all data points in the period, an EMA reacts more strongly to recent price changes.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
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Wakey Wakey . . XRP Gart & FakeyHey crew, gonna drop this on ya. I probably shouldn't because "they" watch my sh!t close and I've had to figure out how to post price levels without actually posting my personal entry / exit points. I've literally had orders miss filling ROUTINELY by as little as .001 to .0001 which as you can imagine is enough to drive a person to drink lighter fluid laced egg nog even if it's NOT Christmas.
So here's the shakey shake . .
1. Remember, XRP always pumps before dumps.
2. Keep an eye on Bitty and especially the S&P 500, there's some pretty good parity there and insight into overall market directions. It's still pretty comical that crypto will trade in some degree of parity to broader markets BUT, that's "probably" intentional because if "regulators" can make the case that crypto trades to 70% or greater correlation to broader markets then they can further strengthen their claim that crypto should be classified and therefore REGULATED like securites. (FtheSECbtw, you guys are F%$@#rs)
3. Garts pretty much NEVER play nice with XRP so don't be alarmed if/when this one doesn't either. Maybe we'll get some 50/100 day ema fingerbang action in which case, I'd be TP scalping from those 0.37 buys if you got em.
I personally like XRP at lower levels, who doesn't? Even if you're a salty bull from > 1$ levels then you know it's just more opportunity to lower the cost basis, amirite? ;)
Hold the line and don't be afraid to hedge even at these levels. I still think we have a date with 10 cents.
Stay frosty and remember, * * * Not investment advice * * *
Box
my scripsi have made or altered the showing scrips.
TDI on top with minor and major shark fin alerts EMA cross and altered mid line cross alert.
mid has two verry modified scrips
First is Two BB 200 and 30 EMA or SMA with alerts and channels and KC channel pull backs crosses and exits for varying uses and William's vix fix highlights and 5 ema's engulfing candle with rsi filter and super trend
some are not show or turned off but are available
Second is SMC intraday and swing trading liquidly zone FVG MTF Daily weekly and monthly high and lows and support and resistance and trend lines breaks and alerts
Bottom is stochastic momentum lots of level alerts and cross alerts and high lights
if you want any of this pack just IM and ask i can also extract any part and make a isolated script version for you
also have a MTF KJD and PSAR Oscillator
GOLD : Is Rug Pull near to corner ?OANDA:XAUUSD
Hi , Trader's ..gold bullish move was because of SVB Bank collapse
Now market is extremely over bought ,
Market need's to do minimum 50% retracement near 1880 area first tp
Tp 2 1855 area in extension where 50 and 200 ema
market can give sharp downtrend
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GBP - Weekly/Daily close will be key! GBP - Weekly/Daily close will be key!
GBPUSD - At a very key resistance, we have NFP today that will shift the market. We did have GDP m/m Bullish 0.3 Higher than expected. I think when it comes to GBP there are very bearish views when it comes to there fundamentals and there rate hikes but I don't think the situation as bad as it's considered. What does this mean and how can we trade this opportunity? Well, we can first wait for daily close and see how we close and perhaps wait for pull back and get in long taking us back towards key resistance areas of 1.21 half areas and target areas 1.23. However, if we are fail to close above we are back within the range until further clarification. Don't forget to check minor pairs such as EURGBP & GBPAUD as commodity FX is lagging there are plenty of trading opportunities, including GB10Y W set up.
Now we do have NFP, if that beats expectation we could get pull back in GBP. However, if it comes out lower than expected NFP I expect dxy to decline and majors to rise. And see how price reacts if it beats expectations and by how much and vice versa - that's what is very key!
Now regarding GBP technical view:
High: 1.21560
Low: 1.18420
Pattern: Wedge/Channel
A break above the highs and 200/50 EMA I expect further bullish momentum and target area of 1.23 areas. If we are to break below of 1.18 handle then 1.15 is still on the table. However, at this current moment of time we are within the ranges and we have to respect that, in addition you could even go to lower time frame of 4hr and get better price!
Trade safe and have a great weekend!
Trade Journal
GOLD : Gold simple Trading Strategy OANDA:XAUUSD
Hi , Trader's our previous 9/10 forecast reached target
After NFP news , Dollar slip , Which Give momentum to Gold buyer's
Gold is Trading in Up Channel with 20,50,200 EMA supporting it
1854-57 AREA IS MAJOR RESISTANCE AREA WHERE SELLER CAN ACTIVATE THERE POSITIONS
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USDCHF : Price Action StoryOANDA:USDCHF
Hi , Trader's .. As you can see price made double top , And now market needs to test neckline or support zone
Further Bearish structure confirmation will be made after Breakout of neckline
Short term target 0.9340 area target 2 0.9310
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Bitcoin weekly pattern repeats ?As you can see in the chart, it would seem that history is repeating itself a little on the PA
There have been many that look at the PA from 2013 and draw similarities but I've not seen this and so I will post it again
It Must be noted that there is a tolerance of 7 days to these numbers as a weekly chart has 7 days, but its near enough as you can see
Using the 50 EMA ( Red )
From the ATH in Dec 2013, PA remained above the 50 for 266 days till it dropped below - 84 days later, it came back up and touched, pushed through briefly before going back down for another 427 days before it came up, broke through and continued above the 50 for another 784 days to the new ATH
PA has repeated this almost ecactly since the High around April 2021 and we are right on the point where PA, if it wasn't being hit by fundamentals / FED . Fear etc, would be about to push through the 50, as can be seen on chart.
If PA manages to break through now and continues along this "pattern" it would reach an expected New ATH around April 2025, which amazingly has confluence with some other charts and ideas.
For this to work, Obviously, the fundamentals have to work in Bitcoins favour and one of those may well be the continuing fight with inflation in the USA
It has to be said, there is NEVER any certainty with Fractals and Time pattern repeats but there does seem to be a strong similarity, and I find that Fascinating.
I hope you do too
GOLD : XAUUSD Buy From PivotOANDA:XAUUSD
Hi , Trader's Our last Gold Target Hit , We are trying our best to provide you simple and profitable analysis
Now market After Hitting resistance Bow reverse to it's pivot area .
Buyer's are buying Gold from Pivot point as Gold is safe heaven for investment
50 EMA also supporting GOLD , Increase in volume can make price volatile
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