BCHM19 showing bearish signs for BCH(BAB)BCH has printed a double top formation suggesting that a short-term high is in and signalling a short-term bear-trend. After breaking below the first blue rectangle on the chart, price action confirmed bearish pressure and brought the price to rest just above the second blue rectangle. If price breaks below this support/resistance zone I will feel very comfortable adding more capital to my current short fromm 0.0518.
It is worth noting that the RSI and MACD are both trending downwards, giving slight support to this trend bias.
Cheers
Moving Average Convergence / Divergence (MACD)
XLM Not Looking So StellarReal tight trading channel here, so I am watching it like a hawk. If it drops below the 2500 sat area I would expect this to sit at the most recent support in the 2100 range. If it can stay above 2500 and punch through the line of resistance drawn then I would expect to see a possible run to the 3300 range. Will be monitoring this one over the next week or so. Based on the current 1 day MACD I am thinking this will take a dump like its 3 am on Saturday and it just finished eating Taco Bell.
TXN - Analog Chip maker investing in new technologyTXN shows a cross-over on MACD at Fibonacci Retracement 0.500 and on 1 hr. chart likely having a short dip below $97 entry area. Recently increased their dividend nicely over last 5 years as well.
Been watching them invest in R&D and they have chips in growing markets for 5G, automotive, communication and industrial.
In the last 12 months, TXN has returned all of free cash flow back to shareholders and increasing the dividend by 24% and repurchasing another $12B in its own stock.
Investors come to own conclusions. More VIX challenges ahead on the short likely. $US still holding.
SEDG - Solaredge Technologies12/26 MACD cross-over with CCI entry crossing 0 on weekly candlestick chart.
Solaredge Technologies is down from peak of $68 and showing entry point at $38.03 on chart.
Market Cap value $1.65B
Enterprise value $8.4B
Total debt -0-
Free cash flow $150M
Sales growth rate: 22%
Expected value: $3.3-3.5B
About: SEDG
Israeli Solar company SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic (PV) system. The Company's products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company's power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. The Company's solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system.
Recently partnered with Google using Google assistant for EV charging and 6x faster charging. World's first EV Solar Inverter.
Request needed for a 10-year back-up battery for 10-hr. house charge and ability to rapid charge EV, we're almost there.
TDOC - 618 Fib Retracement Entry on MACD Cross-over on weekly chTeledoc medical billing is crossing over the weekly MACD after recent drop. Entry point just over $63 on 618 Fibonacci Retracement.
Software + Medical billing.
Make own decisions and let me hear your opinion on this company. Total debt <$10 of Mkt Cap, no dividend, and healthcare through any mobile device.
LTCBTC - Weekly - falling wedge - bullish sign for LTC vs BTCBelow are some keypoints to support a positive breakout from the falling wedge.
Also check details on "Falling wedge reversal pattern".
Falling wedge signs
- A cone that slopes down
- MACD positive crossover
- MACD positive divergence
- CMF positive crossover 0.0
- Volume increase
- TD counter is at 9 for the weekly
Maybe we go back down one more time. But Its a good sign if the price rises past the 0.0082 levels my target would then be 0.0098 - 0.011.
Rebound imminentAdding to the prevalent sentiment around here, I hereby declare a jump to some 10ksats (0.000105...). Whether you look at the moving average or the support line drawn on the chart, the result is the same. Every time the chart bumped into the support line we saw some jump. As noted by others, xrp showed a lot of resilience, so I don't expect the rate to drop below support.
I'm also a supporter of the cup and handle theory posted by others.
RSI shows oversold. MACD shows reversal soonish, I'm thinking 20th dec. Eventually the chart should surpass the initial 15ksats spike of september, but it could take weeks.
REMX - CCI at point where upward movement occurs historicallyVan Eck Precious Metals is showing a CCI entry point for potential short-term to medium hold. I remain neutral and await more volume or price confirmation.
VanEck Vectors Rare Earth/Strategic Metals ETF (NYSEMKT:REMX), a tiny ETF with only $57 million in net assets, which emulates the holdings and performance of the MVIS Global Rare Earth/Strategic Metals Index.
Education post 12/100 – How to trade hidden divergence?We covered regular divergences in the previous lesson, now let’s discuss what hidden divergences are.
Divergences not only signal a potential trend reversal; they can also be used as a possible sign for a trend continuation (price continues to move in its current direction).
Always remember, the trend is your friend, so whenever you can get a signal that the trend will continue, then good for you!
Hidden bullish divergence happens when price is making a higher low (HL), but the oscillator is showing a lower low (LL).
Hidden Bullish Divergence
This can be seen when the pair is in a UPTREND.
Once price makes a higher low (HL), look and see if the oscillator does the same.
If it doesn’t and makes a lower low (LL), then we’ve got some hidden divergence in our hands.
Hidden Bearish Divergence
Lastly, we’ve got hidden bearish divergence.
This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH).
By now you’ve probably guessed that this occurs in a DOWNTREND.
When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend.
Let’s recap what you’ve learned so far about hidden divergence.
If you’re a trend follower, then you should dedicate some time to spot some hidden divergence.
If you do happen to spot it, it can help you jump in the trend early.
Sounds good, yes?
Keep in mind that regular divergences are possible signals for trend reversals while hidden divergences signal trend continuation.
Regular divergences = signal possible trend reversal
Hidden divergences = signal possible trend continuation
Bitcoin triangle and support channels brokenBitcoin has broken the compressing triangle near the apex and now broke the closest support line based on triangle lows.
Oscillators also show broken structures.
If short placed before breakout good. Stick to it - It is not yet time to exit since nothing suggests otherwise. But adjust the stop loss to decent level in case of surprising reversal (wouldn't be surprised to be honest) and bear trap confirmation.
We shall see if we are going to see more sidway and price consolidation or continuation. If price consolidates for awhile and show some rejection from the downside showing bull presence it is more likely we could see massive pump to 7k levels. Too soon to hypothesise on that.
Atm short bias but not anymore a good time to enter now short until further evidence of weakness.. Time to be very careful because interest is still significantly low and this last move is indeed possibly a bear trap at weekly support levels.