Lumen Technologies - Bullish divergenceOn the above 12 day chart price action has corrected over 90% since early 2022. Now is an excellent moment for a long position. Why?
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence.
3) Support on past resistance. See 2 month chart below.
Is it possible price action drops further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: 6% or less
Timeframe for long: This month
Return: Not got a clue
2.month
M-oscillator
An ADX Tip. :)Hello traders! I'm back from a few years away and found a little nugget on ADX in my trading notes which I wanted to share with you. As you may know I have focused the majority of my attention on candlestick analysis using Steve Nison training material. In one of his courses I have written down this quote by a significant trader he talks about sometimes,
" Some of the best buy signals are found when ADX is below 15 and begins to rise. " - Chuck Lebeau
Having seen that quote I brought up TradingView and found the most recent occurrence of that happening on the asset I was analyzing on the Weekly chart and look what I found:
Steve Nison teaches a strategy called "Trading the 9" which involves the 9, 20, & 50 period moving averages. Look, there was a Golden Cross of all of them exactly when ADX crossed above 15! Outstanding! Maybe look at adding an alert on the assets you watch for ADX crossing above 15! :)
Why I Think EURUSD Will Sell This Week...Technical AnalysisHey Rich Friends,
I hope all is well and you are having a profitable trading month so far. If you are on a trading journey, keep going until you get the results you want. This is only my technical analysis of EURUSD so please cross reference the indicators you have on your charts and check the news.
I think EU will continue to sell this week and this is why:
- The candles have already rejected the previous the supply zone and formed a lower high
- The larger EMA (purple) has crossed below the smaller EMA (blue) on 4H. This is a strong bearish confirmation for me
- The Stochastic has crossed below 80, the slow line (orange) is above the fast line (blue) and both lines are facing down. This is a strong bearish confirmation for me
- Structure has been broken on the downside with the current candle
- There is a gap that must be filled
I entered this trade at market execution with my SL at a previous high and my TPs at previous lows. Greak luck if you decide to take this idea and happy trading.
Peace and Profits,
Cha
15 Minutes.AMEX:SPY Aug 6, 2024
15 Minutes.
AMEX:SPY managed to hold above 505 yesterday.
We take 3 numbers
The fall 554.86 to 510.28
The fall 533.17 to 510.28
The fall 523.58 to 514.9
For the first fall AMEX:SPY made lL but oscillator also LL. Hence sell on rise probably until 538 is crossed.
For the second fall AMEX:SPY even with gap doen yesterday AMEX:SPY managed to retrace 61.8% arounf 523.5 levels.
Hence 510 should provide a good support today.
For the third set from 523.58 to 514.90 a retracement to 521 levels will give a change to short as it is also 50 averages.
On upside if 524 is crossed and we get a good close being near top of bar then 530-532 should be a target to aim as it will be approximately 100 200 averages number.
So, for the day i will go long above 524 and short 521 levels.
THETAUSDT - Great Long Term Buying LevelsBINANCE:THETAUSDT is has retraced in a bullish trend on weekly timeframe. I am expecting the bullish trend to continue and for price to find support to continue the bullish momentum! I am buying at current price with stop loss below major lows on weekly timeframe.
BCHUSDT - Long Term Bullish OutlookBINANCE:BCHUSDT has been in a bullish weekly trend. Currently price is finding support 0.786 Fib level after a bullish rally. I am expecting the bullish trend to continue and will buy at current market price. Out stop loss will be kept below the weekly swing low in this bullish trend!
BTC Bear Move Is Far From Over!I don't endorse any entry or exit actions based on any kind of indicators, but one thing for sure is that MACD Daily on BTC is a fairly reliable monitor for BTC trend reversals on macro level. And accordingly, the bear movement is in fact far from its end. What one may expect at best for the next some weeks (until MACD and Signal lines cross on the southern side of the MACD chart) is a sideways market.
BTC Bear Move Is Far From Over!I don't endorse any entry or exit actions based on any kind of indicators, but one thing for sure is that MACD Daily on BTC is a fairly reliable monitor for BTC trend reversals on macro level. And accordingly, the bear movement is in fact far from its end. What one may expect at best for the next some weeks (until MACD and Signal lines cross on southern side of the MACD chart) is a sideways market.
240805 Crypto OutlookAfter a dramatic selloff bitcoin bounced back from a low level of 49,360.
Investors don't need to be so fast to jump in new positions in crypto, for rebound needs confirmation.
Better try the following method for medium to long-run positions,
take MACD and RSI, so when the two indicators give simultaneous buying signal, then it is time to hop in crypto investment.
Long position on NOTUSDT 30Min/ Volume PredictionBINANCE:NOTUSDT
OKX:NOTUSDT
SL2 ---> Mid-risk status: 5x-8x Leverage
SL1 ---> Low-risk status: 3x-4x Leverage
⚡️TP:
0.0115
0.01169
0.01184
0.01204
0.01225
0.01255
0.01285(In Optimistic Scenario)
➡️SL:
0.01064
0.01028
The Alternate scenario:
If the price stabilize below the trigger zone, the setup will be cancelled.
Short position on BNXUSDT 49Min/ Trading setupBINANCE:BNXUSDT
BITGET:BNXUSDT
Mid-risk status: 4x-5x Leverage
Low-risk status: 2x-3x Leverage
⚡️TP:
1.3436
1.3333
1.3183
1.3050
1.2930
1.2820
1.2760
1.2580
1.25(In Optimistic Scenario)
➡️SL:
1.4235
1.4589
The Alternate scenario:
If the price stabilize above the trigger zone, and stabilize above resistance line, the setup will be cancelled.
The JPY is ready to rise from a breakout of the longterm trendThe JPY technically is rising on increased momentum and during periods of uncertainty it is
Safe Haven Status: The yen is often considered a safe-haven currency. During times of global economic uncertainty or geopolitical tension, investors tend to flock to safe-haven assets, including the JPY. If there are current or anticipated global risks, this could drive demand for the yen.
Monetary Policy Divergence: If the Bank of Japan (BoJ) is expected to tighten its monetary policy while other major central banks are either maintaining or easing their policies, the yen could strengthen. For example, if inflation in Japan is rising faster than expected, the BoJ might signal or implement interest rate hikes or other tightening measures.
BULL MARKET MOMENT OF TRUTH - $TOTAL Meeting It's MakerRSI is sitting at lowest it’s been this entire bull market.
CRYPTOCAP:TOTAL needs to close above $1.85T to keep our current bull market range.
If we close below this in the coming days, we are in for a world of hurt with another ~20% sell-off on the CRYPTO TOTAL MARKET CAP.
Question everything at that point.
2 Year yields are weakeningWhich often signals a incoming recession.
The market leads the #FED who always raise and lower rates too late.
We have #Unemployment starting to tick up
Tight financial conditions, delinquencies on the rise.
So make hay over the next few months in memestocks, coins, bitcoin, alts, NVDA and so on.
But don't be left holding the hot potato when the music stops playings.
#Macro
#Meltup
#NVDA
#Nasdaq
#Stocks
#Bitcoin
#Altcoins
#Ethereum
#Pulsechain
Ton coin needs serious correction there is a strength stability in price of TON coin has accrued and its more because of advertisement in telegram community and many airdrops that their team working on it and millions of people are into it but historically the main trend in this market is more powerful. although Bitcoin is in the last legs of corrective movements and might be bounce from 52000~49000 zone but altcoins might be very surprising many times while BTC dropping -2 percent some coins might be drop more than 10 percent.
by the way be carful about buying it and be responsible about money you have saved
buy with strategy and split your budget in to 5-8 portions. buy placed your orders in support zones and do not all in at all.
Trendline Trading Strategy - MAJOR Correction for $KAS THE TREND IS YOUR FRIEND,
until it isn’t.
This is literally the easiest trading strategy that even a monkey can figure out.
Find the major Trendline, and if it breaks, either
A) Sell Your Position
B) Open a Short
Case in point:
Seems like pretty much every coin has broken its trend, but I spent some time last night before bed seeing what was still holding up.
Spotted CRYPTOCAP:KAS
Putting it in context with the rest of the market nuking, I knew Kaspa was one of the last of the Mohicans so I opened my 3x Short.
Today I wake up, and see it broke trend on the 4hr which gives us data for the next 3-5 days / 6-8 trades per month.
P.S. YES that’s Bearish Divergence.
~JK
I think that it may be time to start building FET longs. Howdy everyone!
This is a follow-up to my FET short trade idea.
That short trade idea had two take profit areas within it, 1 of which we have already hit at approx. 1.42-1.20. The second take profit zone was just below at approx .90-.63.
I think that we might be finding support in this current area, and the second short trade take profit area may not get hit this time around. So this idea is based upon a long position in between the two take profit zones from that idea.
We've been as low as 1.06, and we are currently sitting at 1.18. I am suggesting starting your long positions in this current trading range.
My suggested take profits from this current trading range are: approx: 1.98, 2.50, and 3.00. We could at any time between now and hitting any of these targets turn around and hit the lower short trade target of .90-.63, so that is why I am giving at least 3 take profit points.
My current next big target if we make a new high in the markets is 3.94ish.
Anyway, I do appreciate your collaboration!
First sign of KASPA ($KAS) turning bullish vs BTCKAS had fallen below the golden pocket and tested the (thick orange) 200 daily SMA, but failed on the 8Mar. It had since remained below the 78.6% Fib retrace lvl after an attempt to retest the 200 SMA again on the 22Mar.
I had been slowly accumulating more KAS below the 78.6% Fib lvl and have now doubled my KAS holdings; after having stopped DCAing into KAS after it had previously pierced above 0.05USD (see the previous 5Nov2023 chart analysis tag).
It remained below the 78.6% Fib lvl until 25May, where it first held support, finally, above the red 21 daily EMA ( setting a second higher low ). It subsequently retested the 78.6% Fib lvl again on the 28May and eventually bounced off the 21 EMA to successfully pierced above the 78.6% Fib lvl as the resistance line on the 2Jun.
If the following daily candles continues to hold above the 78.6% Fib, the next level to look out for is the orange 200 SMA line , still lingering just below the golden pocket .
If KAS is able to pierce above the 200 SMA into the golden pocket, this will set up KAS to retest the 0.5% Fib level, which if successful, it would then very likely continue to pierce above the relatively much weaker 38.2% and 23.6% Fib resistance levels for another revisit of the ATH and to hopefully set a new ATH for a blue sky breakout .