STEEMUSD / Are the tides turning?This post is part of my Technical Analysis Trading Blog on Steemit. please come over to Steemit and join in!
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BINANCE COIN / BNBBTC / Ichimoku / Heikin AshiBNB is looking very bullish . I feel the fundamentals behind this token are strong. The long term decentralized vision of Binance makes a lot of sense to me, and they have the capital and liquidity to pull it off. The move to Malta, ability to bring fiat pairs, and a coin that actually has a use (exchange fees), all in all i like this coin a lot.
We have reached the all time high for a double top.
RSI is showing bullish divergence on the 4 hour & the 1 Day chart.
We are well above Kumo, Tenkan and Kijun, showing a very strong trend.
A retracement back to the trend line is likely , but the bullish RSI indicates we may break out and make a new all time high vs BTC.
I am waiting for a strong bounce off of the Tenkan, a white candle with no bottom wick, and a close above the 1 to enter.
I think this is worth keeping an eye on. it's nice to see an all time high in this market. go binance!
Looking BearishVWMACD is gaining momentum, both short term and long term. Also, ADX is increasing, whilst having DI- higher than DI+, meaning that a bearish trend is forming. In addition, SuperTrend's descending supertrend is beginning to fall. Considering the last few Heikin-Ashi candlesticks have been red, I think it looks bearish.
BTC Retracement to the Tenkan LineCOINBASE:BTCUSD should be pulling back to the Tenkan line as it's been off the Tenkan for a few days now. I had originally thought that pull-back would have already occurred but it appears we are going to head to the bottom of the Kumo Cloud (around $12k) before we get this push back. I do not see us breaking through the Kumo Cloud without retracing back to the Tenkan Line. After we get back to the Tenkan I believe we will make a run up into the Kumo Cloud and test the $14.5k zone.
Heikin-Ashi Monthly Trend StrategyTrade current Heikin-Ashi monthly trend long or short/bonds/cash
Reverse trade with a decisive break of the 7 period Moving Average at close of monthly candle
Decisive means non-Doji candle with body 50% or more above/below the 7MA
Doji or indecisive break of 7MA may just be consolidation, stay with current trend
Ethereum Trendlines with Heiken Ashi candles on the Daily ETHUSDEthereum is approaching a battle zone around $300, these next few days and coming weeks will be key on its new trend. If it breaks it current down trend and heads upward the next resistance will be the double top around $400. If it breaks its long term uptrend then its support levels will be around $200 and $135.