Exponentialmovingaverages
Ethereum - 1d chart analysisETH is in a Rising Wedge Pattern on this 1d timeframe. A Rising Wedge Pattern is a Bearish Chart Pattern. ETH needs to invalidate this Bearish Pattern.
At the moment of typing this, ETH is still above its Bollinger Bands Middle Band Basis 20 Period SMA.
At the moment, ETH is below its Least Squares Moving Average (LSMA) on this 1d timeframe. Note that a close below the LSMA and a successful retest as resistance is a potential sell signal for this indicator.
ETH is still above its VPFR POC for the fixed range of 13 daily candle that i have selected. Note that ETH is also still above its VPVR POC for this charts visible range.
Volume is low on this Binance chart & note that the Volume Bars have been decreasing in size and also note that the last two Volume Bars have been below its Volume 20 Period Moving Average.
The Average Directional Index (ADX DI) is indicating the trend strength is strong with the ADX (Orange Line) at 27.18 and still safely above its 9 Period EMA (White Line) which is at 23.30. The +DI (Green Line) has dropped to 18.61 and the -DI (Red Line) has also dropped to 7.24. This indicates that while Positive Momentum has dropped, Negative Momentum has also dropped.
The OnBalanceVolume (OBV) is indicating positive momentum has dropped. Note that the OBV (Blue Line) has dropped below its 9 Period EMA (Orange Line) indicating a weakening of positive momentum. The OBV (Blue Line) needs to stay above the Ascending Dashed Line, if the OBV cannot stay above this line, then ETH will drop out of its Rising Wedge Pattern to the downside. If the OBV (Blue Line) breaks back above the 9 Period EMA (Orange Line) then we may see ETH invalidate the Rising Wedge Pattern.
ETH needs to invalidate the Rising Wedge Pattern. If ETH cannot invalidate this bearish pattern & if it eventually drops downwards out of the Rising Wedge, the VPFR POC and Bollinger Bands Middle Band may become a crucial support levels. If the BB Middle Band fails as support, then ETH may drop to its 50EMA level. As always, we also need to keep an eye on what BTC is doing.
It should be a very interesting week for ETH.
This is my very first Ethereum chart post, so I hope this is helpful with your Trading and Hodl-ing.
Notes:
LSMA = White dots on chart
50EMA = Yellow dots on chart
Bollinger Bands = Grey bands on chart
VPFR POC = Short horizontal red line on chart
VPVR POC = Long horizontal red line on chart
Rising Wedge = Ascending converging dashed lines on chart
Volume MA = Orange Line going through Volume Bars on chart
VTHO - daily chart updateVTHO is still in a massive Symmetrical Triangle on this 1d timeframe and is fast approaching the APEX.
VTHO has found some resistance from its 0.236 Trend-Based Fib Extension level. A close above this level and successful retest as support will be a very good sign,
VTHO is in a Bollinger Bands Squeeze on this 1d timeframe. A big move normally proceeds after a BB Squeeze.
At the moment of typing this, VTHO is above its Bollinger Bands Middle Band Basis 20 Period SMA.
VTHO is also above its 50EMA and 200EMA. Note that Bothe the 50EMA and 200EMA are moving sideways.
At the moment of typing this, VTHO is above its Least Squares Moving Average (LSMA) on this 1d timeframe. A daily candle close above the LSMA will be a very good sign as a close above the LSMA is a potential buy signal for this indicator.
Volume is still relatively low on this Binance Chart and note that the last Volume Bar was below its Volume 20 Period SMA.
VTHO is still above its Volume Profile Visible Range POC for this charts visible range.
The Average Directional Index (ADX DI) is showing that the trend strength is strong with the ADX (Orange Line) at 23.49, curving upwards and above its 9 Period EMA which is at 21.84. The -DI (Green Line) is still above the -DI (Red Line) but the +DI (Green Line) has dipped to 29.45 and the -DI (Red Line) is at 14.17. This is indicating that Positive Momentum has dropped quite a bit but Negative momentum has only risen slightly on this 1d timeframe.
The OnBalanceVolume (OBV) is indicating momentum is sideways within a range. At the moment the OBV (Blue Line) is still above its 9 Period EMA (Orange Line). the OBV (Blue Line) needs to stay above the 9 Period EMA (Orange Line) if we are to see a move upwards after the Bollinger Bands Squeeze.
On this 1d timeframe, VTHO needs to close this daily candle above its Bollinger Bands Middle Band Basis 20 Period SMA as well as its LSMA, 50EMA and 200EMA levels. If the Bollinger Bands Squeeze ends with a big move upwards, i have added a Trend-Based Fib Extension to show some potential support and resistance that VTHO may encounter if the BB Squeeze ends with a big movement upwards.
I hope this is helpful with your trading and hodl-ng.
BTC longterm 1w chart analysisBTC has invalidated its very long Descending Triangle indicated by the 2 large black dashed lines.
BTC is still in its Longterm Upwards Pitchfork Pattern on this 1w timeframe, note that BTC is back above the Pitchfork Median Line (The Thin Dashed Line) on this 1w timeframe.
BTC is still safely above its 50EMA on this 1w timeframe.
BTC is still above its Least Squares Moving Average (LSMA) on this 1w timeframe.
At the moment, BTC is still above its Bollinger Band Middle Band Basis 20 Period SMA and also still above its Upper Band. Note that we have had expansion of the Bollinger Bands Upper and Lower Bands and the Middle Band is sloping upwards on this 1w timeframe.
Note that BTC is above its Volume Profile Fixed Range POC for the fixed range of 4 weekly candle that i have selected.
Note that BTC is still above its Volume Profile Visible Range POC for this charts visible range.
Volume is worryingly low on this Bitstamp 1w chart compared to what BTC was getting in Dec 2020 to Jan 2021. Note that the last 22 weekly Volume Bars have been below its Volume 20 Period Moving Average. This is something to keep an eye on.
For your viewing pleasure, i have added various support and resistance areas indicated by the black parallel lines with yellow shading. You can clearly see the interaction with these various areas.
The Average Directional Index (ADX DI) is showing that the trend strength is strong on this 1w timeframe with the ADX (Orange Line) at 23.45 and is curving upwards and is getting very close to crossing back over and above its 9 Period EMA (Black Line) which is at 26.02. We have an increase in Positive Momentum with the +DI (Green Line) at 29.12. The -DI (Red Line) has also continued to drop to 14.13 indicating Negative Momentum has dropped. If the ADX (Orange Line) crosses back over the 9 Period EMA (Black Line) and stays above it, we can expect continued upwards momentum on this weekly timeframe so long as the +DI (Green Line) stays above the -DI (Red Line).
The OnBalanceVolume (OBV) is showing strong upwards momentum and note that the OBV (Blue Line) is still above its 9 Period EMA (Orange Line) for this 1w timeframe. Using the OBV indicator, the OBV line needs to stay above the Ascending Dashed Line, the 9 period EMA and the Horizontal Dashed Line. The OBV also needs to break above its Ascending Dotted Line which when combined with the Ascending Dashed Line actually looks like an Ascending Wedge on the OBV indicator. This is something to keep an eye on.
A few scenarios to think about:
1: BTC may continue to walk up the Upper Bollinger Band like we saw before from the week of 19th Oct 2020 up until the week of the 15th Feb 2021.
2: BTC may consolidate sideways within a range between its new ATH and its 2nd support and resistance area before continuing upwards.
3: BTC may drop back to either its VPVR POC or its VPFR POC as potential support levels.
4: BTC may drop back to its LSMA as a potential support.
5: BTC may drop back under the Bollinger Bands Upper Band, consolidate above the Middle Band and then continue upwards.
6: BTC may drop back to its Bollinger Bands Middle Band as potential support.
7: BTC may drop back to its 50EMA (which is a worse case scenario but unlikely at the moment).
The volume shown on this chart doesn’t take into account volume from other exchanges, but we need to keep an eye on the Volume Bars and whether or not the Volume Bars can cross back above its Volume 20 Period SMA on this 1w timeframe. We also need to keep an eye on whether or not the ADX can cross back above the 9 Period EMA as well as what I’ve mentioned above regarding the OBV indicator. We also need to keep an eye on how BTC closes this weekly candle.
Here is a wider view of this longterm 1w chart.
Note that this post is just focusing on the very longterm and not taking into consideration or analysing what is happening on lower timeframes, which you should be doing.
I hope this is helpful with your trading and hodl-ing.
VeChain - 1 week chartYes…….. VET is still in its massive Symmetrical Triangle pattern.
VET is back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1w timeframe. A very good sign will be if VET closes this weekly candle above its Bollinger Bands Middle Band.
Note that the Upper Bollinger Band is moving sideways and the Lower Bollinger Bands still moving upwards with a slight sideways slope indicating we may see sideways consolidation and a potential BB Squeeze or Pinch on this 1w timeframe.
VET is still safely above its 50EMA on this 1w timeframe.
VET is still safely above its Least Squares Moving Average (LSMA) for this 1w timeframe.
VET has found some resistance fromm its ascending dotted resistance line.
VET is just below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 12 weekly candles that i have selected.
Volume is still relatively low on this weekly timeframe and note that the Volume Bar is still below its Volume 20 Period Moving Average.
The Moving Average Convergence Divergence (MACD) is showing that the MACD Line is still under the Signal Line but note that the Red Histograms are decreasing in size slighting. Note that the MACD Line is still above the 0.0 Base Line in the positive zone.
The On Balance Volume (OBV) is indicating a nice rise since the 20th Sept, note that the OBV Line is very close to crossing back over the 9 Period EMA Line. It's not set in stone but we should not be surprised if we have a big move up on this 1w timeframe if the OBV Line Crosses back above the 9 Period EMA line.
For your viewing pleasure i have also added adjusted Support and Resistance areas of interest, shown as black parallel lines with yellow shading.
Note that VET is still in a LONGTERM UPTREND. This will NOT change unless VET crosses under and fails to make it back above its Dashed Ascending Trend-line.
All in all VET is still looking great and still within its Symmetrical Triangle. If VET stays above the Bollinger Bands Middle Band on this 1w timeframe then this could be a good spot to accumulate more for the longterm before a potential breakout to the upside. I still wouldn't get excited until VET crosses and successfully closes above its Symmetrical Triangle Descending Trend-line.
I hope this is helpful with your trading & hold-ing.
GANN THEORY Strategize UPDATEWanted to post a couple of pictures about editing and cleaning up the strategy and make it more SIMPLE to understand the thought process of behind it. I had to Remove a couple of indicators names CM_SLINGSHOT and DREADBLITZ DRSI from the indicator am replacing these indicators w/ a 100 (p) exponential moving average to filter weather we should go long or short. Adding the Bull vs Bear Power by DGT. setting i have on this indicator is 13 check SUM, histogram, 1 smoothing, 0 recall, drop-down box to LEAST. 'This indicator and the CM_ULTIMATE_RSI MULTI TIME FRAME by Chris Moody works very harmoniously together. The following pictures will explain why. Also the alert can be set on the 70 30 lines of the RSI.
this picture shows the BULL vs BEAR POWER telling us the trend so we know what direction we should DIRECT it outwards to 'Project.'
based on the Direction of the trend on the Daily we alerts on the 70 30 lines of the RSI. and the 2 GANN-Fib lines ' usually its the .618 and .75 lines. (yes i rename my ALERTS as 70 30 and GANN FIB ALERT) easy tooltip to reference you already know what your looking at when you set something to crossing. i want to be sure to look at the Right thing when i get to the chart. '' focus '' type strategy.
example of one of my favorite trades to take with GANN---- its a RISK off (means if it goes the other way you only loosing a small fraction of profit.) But if it goes well like the example it can give 28 risk reward ratio. The second trade that is using the MTF_RSI, support resistance MTF, and BULL vs Bear power in all in sync.
this is on a 5min chart sorry for the resolution... but explaining the harmonious sympathy that these indicators make.
this is y i rather use the 5min chart with the 15min chart___ look at the that Blue line on the BULL VS BEAR POWER on the 5 min. perfect exit for full profit. If you use the EXIT 'last chance' you would of only had a small gain.
To sum this up, I take 2 different types of trades RISK OFF trades with GANN FIBS ___ you will see the S/R lvl to support the move. Then trades off the MTF_RSI after a pullback with conjunction of the BULL VS BEAR. My requirements are longs over 100 ema and shorts under 100 ema and the bull vs bear power has to say STRONG TREND __ADX RISING___ if it says ADX_FALLING then be warned.
Thanks for taking the time to read this i really appreciate any feedback.
Bitcoin Technical Analysis ~ Scouting Dynamic Resistance LevelsWelcome to our enTHUZed trading community!
Our educational crypto trading group is focused on learning trading through actual trade repetition. Learn enTHUZed’s quick and easy Strength Trading system using simple chart indicators to “short the Rips and long the Dips”! We cover these major spot trading pairs regularly: BTC, DOGE, DOT, EOS, ETH, LTC, XLM, & XRP, coin margin derivatives pairs: BTC, ETH, EOS, & XRP, along with the current Bybit USDT derivatives trading pairs.
Check out our TradingView Bitcoin & Altcoin Technical Analysis videos, Scouting Trade opportunities videos, Steam Team educational Locker Room videos, or participate in our TradingView LIVE trading streams.
DISCLAIMER: I do NOT offer financial advice. I am not a financial advisor. The content is for educational purposes only. YOU are responsible for your own investment decisions.
VeChain - Longterm Weekly Chart AnalysisLet’s have a look at the weekly chart for the most criminally undervalued crypto EVER. A Blockchain that is actually being USED by some of the words top companies and has a client base that would make any corporate jealous & salivate with envy. It HAS and IS everything every other Blockchain wishes it was. Worthy of note it that the behemoth PwC is an actual shareholder! I’m talking of course about VeChain.
VET is below its Bollinger Bands Middle Band Basis 20 Period SMA. A weekly CLOSE ABOVE this level is crucial.
VET is still above its 50EMA on this 1W timeframe.
VET is still above its Least Squares Moving Average (LSMA) and note that the last weekly candle bounced off the LSMA as support.
Note that overall Volume is still relatively low and the last 16 weekly Volume Bars have been below its Volume 20 Period Moving Average.
VET is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range.
VET is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 9 Weekly Candles that i have selected. A weekly Candle CLOSE ABOVE this POC is crucial.
I have added a few support and resistance areas. At the moment, VET has found some support from its lower support area located at around $0.107 - $0.113 . A weekly CLOSE ABOVE the support are is crucial but not the end of the world if we don’t as there is still a lot of support below.
Note that VET is in a massive Symmetrical Triangle on this weekly timeframe. Note that the APEX is around the week of the 13th December.
The Moving Average Convergence Diveragnce (MACD) is indicating momentum is downwards at the moment and note that the MACD Line (Blue Line) has crossed back under its Signal Line (Orange Line) creating a Red Histogram. Note however that the MACD Line (Blue Line) is still above the 0.0 Base Line in the Positive Zone. A drop below the 0.0 basle line on this 1W timeframe will be very bad so its crucial VET stays above the 0.0 base line in the positive zone.
The On Balance Volume (OBV) is indicating momentum is downwards within a range at the moment. Note that the OBV (Blue Line) is below its 9 Period EMA (Yellow Line). We need the OBV (Blue Line) to cross back above the 9 Period EMA (Yellow Line) as well as break back ABOVE the dotted line at around 162.8B and then at around 163.72B for upwards momentum confirmation. The OBV indicator needs to stay above the 160.079B level.
Looking at this longterm chart, even if VET does drop lower, it would still be in a longterm uptrend so long as VET CLOSES ABOVE its Longterm Trend-Line (Dashed Line).
Unless BTC massively shits the bed again down to $28k then VET won’t drop to $0.07 but VET may possibly drop to $0.099 - $0.0934 if downwards pressure continues and VET cannot make a higher low or higher high next week.
Hopefully, after the release of POA2.0, we’ll see VeChain added onto other major exchanges & platforms like Kraken, Coinbase, Phemex, eToro and Bitstamp which will bring much needed liquidity and exposure. I mean FFS, if ShibaInu & Dogecoin are good enough for Coinbase & eToro, surely VET must be. ;-)
I hope this is helpful with your Trading and Hodl-ing.
Notes for those who don’t know:
LSMA = Black Squiggly Line on Chart
50EMA = Yellow Squiggly Line on Chart
Bollinger Bands = Grey Bands on Chart
Longterm Trend-Line = Dashed Line on Chart
VPVR POC = Long Horizontal Red Line on Chart
VPFR POC = Short Horizontal Red Line on Chart
Volume Bars = Green and Red Bars Bottom of Chart
Volume 20 Period MA = Blue Line going through Volume Bars on Chart
Support and Resistance Areas = Black Lines with Yellow Shading on Chart
Symmetrical Triangle = Ascending dn Descending Trend-Lines
VeChain - 4hr Chart UpdateVeChain 4hr Chart Update
As usual with the massive Longs Liquidation yesterday, our beloved VeChain got hit with one of the worst drops compared to other assets, basically erasing all the gains from 31st August. More on this later.
VET is still within its upwards Pitchfork Pattern (A,B,C), it actually dropped all the way to its lower blue support line and bounced back up. VET eventually needs to make it back ABOVE the Pitchfork Median Line.
VET is below its 50EMA on this 4hr timeframe.
VET is below its 200EMA for this 4hr timeframe.
At the moment of typing this, VET has found some resistance from its Least Squares Moving Average (LSMA) Level. We need a successful 4hr candle CLOSE ABOVE this level for continued upwards momentum.
VET is way below its Bollinger Bands Middle Band Basis 20 Period SMA, we have had massive expansion of the Upper and Lower Bands but note that the Upper Band is starting to point downwards and the Lower Band is starting to curve around indicating we may see some consolidation and reduce volatility.
VET is still above the Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
VET is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed range of 10x 4hr Candles that i have selected.
We have seen increased Volume on this 4hr timeframe and note that the last 2 4hr Volume Bars have closed green and above its Volume 20 Period MA.
The Average Directional Index (ADX DI) is indicating the trend strength is strong with the ADX (Orange Line) at 45.40 above its 9 Period EMA (Black Line) which is at 40.72. Note that the +DI (Green Line) is pointing upwards at 9.94 and the -DI (Red Line) is pointing downwards at 37.29. This tells me that while Negative Momentum is strong, it has lost some momentum and Positive Momentum is starting to increase. We need the +DI (Green Line) to cross back over and ABOVE the -DI (Red Line) for renewed positive upwards momentum strength.
The Chaikin Money Flow (CMF) is indicating that VET is back in the Accumulation Zone. Note that the CMF (Green Line) is below its Least Squares Moving Average (LSMA) which shows a lack of accumulation strength. We need the CMF (Green line) to cross back ABOVE the LSMA (Blue Line) for renewed upwards momentum.
I got asked yesterday, “why does VeChain suffer the most when Binance Futures gets liquidated? is it because of weak hands?” It’s nothing to do with weak hands, from my opinion VeChain suffers because it doesn’t yet have the liquidity cushion of other exchanges like Coinbase, Bitstamp, Kraken and many other major exchanges that BTC, ETH and ADA have to help cushion any major drop, so when Binance Longs gets gutted by Binance themselves, VET suffers greatly. This is just my opinion, but it actually makes sense, so it's probably true ;-). Hopefully after the release of POA2.0, we’ll see VeChain and VTHO added onto some of other major exchanges increasing liquidity.
I hope this is helpful with your Trading and Hodl-ing.
Notes for those who don’t know:
LSMA = Black Squiggly Line on chart
50MA = Yellow Squiggly Line on Chart
200MA = Red Squiggly Line on Chart
Bollinger Bands = Green Bands on Chart
Pitchfork = A,B,C Pattern on Chart
VPVR POC = Long Horizontal Red Line on Chart
VPFR POC = Short Horizontal Red Line on Chart
Volume Bar = Bottom of Chart
Volume 20 Period MA = Orange Line Going through Volume Bars
Golden cross in Chainlink* Golden cross appeared in Chainlink daily time frame.
* Golden cross occurs when the short-term Exponential moving average (50 EMA) crosses above the long-term Exponential moving average (200EMA) this indicates the long-term bull rally.
* Exponential moving average is also a type of weighted moving average technical chart indicator which refers the recent price data.
BTC nearing the 50K resistanceBTC is near to the 50K resistance that will probably need some attempts to be overcome and some serious volumes.
The RSI is still decreasing showing loss of momentum and foreseeing a hidden bearish divergence.
When BTC will go back to the over-50K range the sentiment will almost certanly be universally bullish and lead to an injection of liquidity.
The 20D EMA has ben tested in the recent past and provided some nice support for the coin growth. I expect it to be touched several times before BTC will finally be able to got over the 50K resistance.
What's your guess?
*Not a financial advice*
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.
ADA - Let's have a look at the 4hr chartADA 4hr chart:
ADA is above its 50EMA for this 4hr timeframe.
ADA is back above its Bollinger Bands Middle Band Basis 20 Period SMA.
ADA is still above its ascending support line.
ADA is above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range.
ADA is above its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this charts fixed range i have selected.
Volume has been increasing and note that the Volume Bars have been above the Volume 20 Period Moving Average for the last 6x 4hr Bars.
The Moving Average Convergence Divergence (MACD) is indicating we may see the MACD Line (Blue Line) may cross back above the Signal Line (Orange Line) which would be a potential buy signal for most traders who use this indicator. Note that the Red Histograms have turned lighter and are decreasing in size.
The Chaikin Money Flow (CMF) is showing a sharp rise in accumulation with the CMF (Green line) rising to 0.10, back in the accumulation zone and back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.02. Note that the CMF (Green Line) has dipped a bit on the start of this new 4hr candle.
The Average Directional index (ADX DI) is indicating Positive Momentum is sideways with the +DI (Green Line) at 27.65 and way above the -DI (Red Line) which has dropped to 15.18. The ADX (Yellow Line) is at 28.56 but still below its 9 Period EMA (White Line) which is at 29.44. Note that the ADX (Yellow Line) is starting to curve upwards so we may see the ADX (Yellow Line) eventually cross back above the 9 Period EMA (White Line) which would be a sign of good upwards trend strength if the +DI (Green Line) stays above the -DI (Red Line).
The Relative Strength Index (RSI) is indicating upwards momentum has increased with the RSI (Purple Line) back above its 9 Period EMA (Yellow Line). Note that at the moment of typing this, the RSI has dipped slightly indicating a weakening of upwards momentum.
All in all ADA is looking quite strong on this 4hr chart and looks even better on the Daily and Weekly charts. Obviously we need to keep an eye on what BTC is doing and whether or not BTC can successfully break upwards from its sideways channel. If the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) then we should see increased upwards momentum.
Again my charts are not price prediction charts but more educational explaining what the indicators i have selected are actually indicating so i hope this is helpful with your Trading and Hold-ing.
VTHO - what's going on the 4hr chartA quick look at the VeChainThor (VTHO) 4hr Chart:
VTHO is still above is 50EMA for this 4hr timeframe.
VTHO is still above its Bollinger Bands Middle Band Basis 20 Period SMA.
VTHO had shot up outside its Bollinger Bands Middle Upper Band but has now re-traced back below the Upper Band.
Overall Volume has increased and note that the last 6 Volume Bars have been above the Volume 20 Period Moving average on this 4hr timeframe.
At the moment VTHO is back above this charts Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range I’ve selected.
At the moment VTHO is above this charts Volume Profile Fixed Range (VPFR) Point of Control (POC) for this charts fixed range I’ve selected.
Ideally we need VTHO to close this 4hr candle above its 2nd resistance line.
The Moving Average Convergence Divergence (MACD) is indication a sharp rise in positive momentum and note that the MACD Line (Blue Line) is in the positive zone and back above its Signal Line (Orange Line). Note that this 4hr histogram bar has decreased in size and has gone lighter indicating a weakening of upwards momentum for this 4hr timeframe.
The Average Directional index (ADX DI) is showing Positive momentum has dropped but is still strong with the +DI (Green Line) at 43.23 and still above its -DI (Red Line) which has dropped to 5.74. The ADX (Yellow Line) is indicating a string trend at 35.56 and above its 9 Period EMA (White Line) which is at 26.77. We do not want the +DI (Green Line) to cross back under the -DI (Red Line) on this 4hr timeframe.
The Chaikin Money Flow (CMF) is showing that accumulation has dropped slightly to 0.09 but note that the CMF (Green Line) is still above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.03. We need the CMF to stay in the accumulation zone for renewed upwards momentum.
The Relative Strength Index (RSI) is indicating upwards momentum has dropped and the RSI (Purple Line) has dropped out of the Overbought Zone. Note that at the moment the RSI (Purple Line) has dropped back under its 9 Period EMA (Yellow Line) which is a sign of weakening upwards momentum. So we could see more of a drop before the price starts picking up, especially if BTC doesn't pick up.
I thought i’d break it up a bit and do a quick analysis of some of my other crypto holdings, in this case VTHO.
I hope this is helpful with your Trading and Hold-ing.
70 EmaHi traders
Ever woundered - "can i beat the market ?" or "what is my Edge ?"
try the 70 Ema !!
i will use daily chart
and look for clear trend direction
apply indicator called Moving Avarage Exponential and set it to 70
-- UPTREND --
on an uptrend look if the line support the price.
you will want to go long when price reach the blue line.
on the other hand, price tends to "come back" to the Ema, so you can try short if price is to far up (see microsoft chart)
combined with RSI indicator, you can get better feeling if the price is overboght (and go short) or oversold (and go long)
-- DOWNTREND --
On downtrend the 70 Ema will act as RESISTANCE - see $baba chart
same here - price tends to "come back" to the Ema ...
Good Luck
BTC - daily chart updateBTC Daily Chart Update:
BTC is back above its Weekly 50EMA.
BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA.
At the moment, BTC is above its Bollinger Bands Upper Band so we could see a re-tracement back under the Upper Band or BTC could continue walking up on the outside of the Upper Band.
BTC has broken upwards from its Descending Channel and Descending Triangle.
BTC is still in its Sideways Channel.
BTC is back above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range that i have selected.
Volume has increased & note that todays Volume Bar is above its Volume 20 Period Moving Average.
The Moving Average Convergence Divergence (MACD) is showing that the MACD Line (Blue Line) has crossed back above the Zero threshold, this indicates that a 12 Period EMA has crossed back above a 26 Period EMA on this daily chart. Note that the Green Histograms are increasing in size and that the MACD Line (Blue Line) is still above its Signal Line (Orange Line) for this 1D timeframe. Note that this is the first time that the MACD Line (Blue Line) is back in the positive zone above the 0.0 level since 11th May 2021.
The Average Directional Index (ADX DI) is showing that Positive Momentum has overtaken Negative Momentum with the +DI (Green Line) crossing back above the -DI (Red Line). The +DI (Green line) has risen sharply to 35.72 and the -DI (Red Line) dropping to -15.98. The ADX (Yellow Line) is at 24.27 pointing upwards but still below its 9 Period EMA (White Line) at the moment which is at 25.69. Note that this is the first time since 25th March 2021 that the +DI (Green Line) has successfully crossed back ABOVE the -DI (Red Line) for the 1D timeframe.
The Chaikin money Flow (CMF) is indicating accumulation has increased with the CMF (Green Line) rising sharply to 0.14 with the CMF (Green Line) back in the Accumulation Zone and back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.03.
The Relative Strength Index (RSI) is indicating a sharp spike in upwards momentum with the RSI (Purple Line) back above its 9 Period EMA (Yellow Line). Note that the RSI still has a bit more room to move up before entering the Overbought Zone for this daily timeframe.
For the longterm, we need BTC to successfully break upwards from its Sideways Channel Resistance and turn that resistance line into strong support. If BTC cannot successfully do that, then BTC with just continue ranging sideways within its massive sideways channel & possibly drop back to its Weekly 50EMA and Bollinger Bands Middle Band Basis 20 Period SMA.
I hope this is helpful with your trading and hodl-ing.
GBP/USD Technical AnalysisPrice has tried to break 1.4150 3 times and failed and on the 15-minute timeframe there is a moving average crossover which indicates that sellers are starting to gain the advantage, I expect the price to fall to 1.4000 which is a psychological level and if the price breaks the blue trendline it might continue to 1.3850-1.39 level.
Dangerous Call On The WeeklyBeware of the 100ma and 200ma that are about to cross. I know that Moving Averages are so called "Lagging Indicator', but see it for yourself. This could turn even more bearish and might confirm the actual bearish bias even more. This does not mean it stays that way for another 2 years, no. This is just what we have to expect after the long bullish trend we had until May, and as a matter of fact it just confirms the Major Correction Phase , or just call it an accumulation phase before we head straight to Mars.
GSAT looks solidThe patter of GSAT looks intresting. It does seem like it is very solid and $1.26 is a strong support.
Maybe the correction is not done yet, but still holding is not the badest idea here.
Due to pitchfan and the direction of the EMA100 and EMA200, I would set the first target for $2.70.
VeChain - Accumulate itQuick VeChain update:
We are seeing sideways ranging with VeChain on this 1D timeframe.
VeChain is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. We need to turn this level into strong support.
VeChain is still below its 50EMA for this 1D timeframe. We need to eventually cross this level and turn it into strong support.
VeChain is still above its Least Squares Moving Average (LSMA) for this 1D timeframe. Note that when the price crosses above the LSMA, it is positive and was a potential buy signal.
Volume is still relatively low for this 1D timeframe. Note that the Volume Bar is below its Volume 20 Period Moving Average.
VeChain is still below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visable range.
The Moving Average Convergence Divergence (MACD) is indicating momentum is still upwards and the MACD Line (Blue Line) is still above the Signal Line (Orange Line). Note that the Green Histograms has lightened indicating a slight weakening of upwards momentum. A crucial point on the VeChain 1D timeframe will be when then MACD Line (Blue Line) crosses back over the 0.0 line into the positive zone.
The Chaikin Money Flow (CMF) is indicating VeChain is in distribution for this 1D timeframe with the CMF Line (Green Line) in the Distribution Zone at -0.04. The CMF is still slightly above its Least Squares Moving Average (LSMA) which is at -0.06. Note that the CMF (Green Line) is starting to point upwards.
The question is, is VeChain in a Falling Wedge, a Symmetrical Triangle, a Descending Triangle or All or None of the above on this 1D timeframe. Note the Horizontal Support Line has been tested on 5 separate days and that was our resistance of our previous Ascending Triangle. Ideally, any positive breakout must be on increased volume.
The way i see it, we only have a few more weeks “possibly 4-6 for BTC” of continued consolidation within a range before the market makers decide that the path of least resistance is upwards which affects all cryptos. But who knows, it may be sooner. Even if VET dips more, now is the time to buy. What is the point of waiting to accumulate a crypto after if its done a +50% rise? You’ll just end up buying at the top again. So accumulate, accumulate, accumulate VeChain before the next rise……. As well as ADA.
I hope this is helpful with your trading and hodl-ing.
BNBUSD sitting on the EMAWe are sitting on the 200 EMA, strong support. I think the entry is now pretty attractiv.
Correction wave seems to be completed and the sideways trend is accumulating for the trend up I guess.
The MACD shows us still a big oversold over the bigger time frame.
Long term target $480