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Macddivergence

USDJPY CHANNEL BREAKOUT. TENTATIVE LONG POSITION As I mentioned yesterday, I am keeping a close eye on growing signs of YEN weakness. As stated in that published idea , a break below the current uptrending channel is just one sign of possible trend change. Since this has been a strongly trending market, a trend change will likely look more like a range, the duration of which is still to be determined. I placed LONG orders on the AUDJPY as well as the USDJPY yesterday and currently +65 pips on each. As for the USDJPY, the trend is still down and this NOT a contrarian trade, meaning that most retail traders are LONG on net, which is often indicative of trend continuation rather than reversal. My LONG trade, therefore, has a rathrr conservative target set @ 1.635. Moving into next week, if the YEN continues to decline against the Dollar than I will adjust my target to a 2:1 ratio and possibly add in one or two more lots.
Long
by jrashaadtrades
NEOUSDT update-as usual just my opinionNEO failed at the previous Fib support level and we will be looking for support at the next. Volume is still low and steady red. Failing the next support level will cause a sell off to the next support level. We either entering the cup or we following a bear diamond. MACD 12 converged on the 26 and is now diverging down this is a bearish signal along with the RSI being at it previous support level we are at a point where we will see NEO either follow the high or low pitchfork.
Short
by Sebastian_ZA
BTCUSD - Elliott Wave Theory - UpdateI'm still learning this thing y'all. My last chart posted uses the same math, but this one makes a little more sense ( and looks a bit prettier!). With volume dropping, and clear support on the 10444 top fib line, I can see this continuing to shake and roll in this little channel. If BTCUSD decides to get it's act together, we can get a lift to the 5th extension through the red sell zone. Right now, the numbers have flattened out. I'm doing this for my own education, not as advice, and taking notes to look back on and learn from. I'm sure this will surprise me somehow! Thanks for checking in.
COINBASE:BTCUSD
by foulmouthmuggle
7
ARKUSDI stick to my guns and state "you cannot state exactly where the orice is going to go in the cryptocurrency market" but what i've have taught myself is you can create zones in which the price has a HIGH probaility of hitting. Ive learnt from successful cryto investors specifics in which I and even you can use to map out the market conditions to the best of your ability to increase your probabilities of successfully investing in crypto currencies. I drew this chart up mid january and as you can see all my levels are staying true to thier zones. The price broke the 8 & 200 EMA which is strong indication it is heading to the downside which it has. I still strongly believe the orice has some more wiggle room to the downside as the MACD downside divergence states so. I see my 2nd support level (red rectangle) being hit over the next several days. And Then we will see a massive upside surge begin to formulate itself. Aside from this price chart, ARK is one of the morning promising Crypto with a massive future ahead of it. Stay tune and enjoy this wild bumpy crypto ride!!!!
A
by DoughboyRome
6
IOTA ZONES"Predicting" the price action of crytocurrencies is difficult to do in this young market. One of the techniques I have mastered is plotting my zones on where the price is going to go. Increasing my probablities of making profitable investments in the market. Also a piece of advice I would like to share is "to invest in cryptos that have long term sustainability" This allows you as the investor to illustrate equanimity, a calmness and stillness within your mind. Which is extremely important when investing. Non the less.... My IOTA technical analysis was drawn mid January, as you can see my two levels of strong support down below ( Red Rectangles) Were drawn using my fib retracement tool with my custom dimensions. The first level of support got hit down to the tee! I Am still bearish on iota, it will come down some more before a reversal. I can confidentally say this because of the downside divegence that is still occuring (This is using the MACD indicator.) The price will hit under a dollar before making its way for a massive surge to the upside. The IOTA foundation also has a lot of massive annoucements coming up within 2018. NEW HIGH TARGET: 7$
BITFINEX:IOTUSD
by DoughboyRome
[XRP/BTC] Will history will REPEAT itself!? *XRP LONG TERM!*Hello traders!! I hope everyone is doing well! I've been getting a bunch of XRP update. Here is a chart 1D chart of . Both charts have completed eliote wave theory. Wave C is the same as point A ~70% decrease. Wave C is LESS than 61.8% current level @ %52 MacD is showing same cross over that occured on May 21, All I can say is there's a high possiblity of a downtrend! I sold all my XRP's @ $2.77, I advised you all to do the same. Current price is $1.95~ - %40 In the meantime XRP will be dropping until wave c is reached. After that weshould see some bullish price actions! Please do not forget to like and follow. Lets see what happens! Best of lucks to all!
Long
by Gibmoses
10
NZDCAD short potentialDivergence on the MACD could lead price to the bottom of descending channel. This could be the end of 5-wave structure. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work. 4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Short
by InvstingWise
USDNOK tricky shortWatch out shorting this pair. A false trendline breakout is highly possible despite the fact that huge divergence is in play. Sell the breakout of 1-hour timeframe. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work. 4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Short
by InvstingWise
EURCAD bearish potentialABC with huge divergence on the daily (MACD), gives highly potential for price to decline substantially and impulsively. ABC on 1-hour gives an aggressive entry. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work. 4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Short
by InvstingWise
XAUUSD Long potentialThe last move up will complete the first bullish impulse with a fake out close to trendline. Continuous divergence on the MACD will potentially drive price to the support area of 200 Moving Average, before the move up. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying your strategy to the pip. 3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work. 4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
FOREXCOM:XAUUSDLong
by InvstingWise
Double Tops on Bitcoin; Short term correction before 23K!!Bitcoin is obviously starting to flatten out and lose momentum. The MACD is showing bearish divergence; Bitcoin's price is rising, but the MACD isn't getting any higher. That means that there are not enough buyers left to push the price anymore. The lack of buyers is further shown by the declining volume. Each sequential spikes in price had less and less volume, indicating less and less money are pouring into Bitcoin. In addition, a bearish rising wedge has been formed. That means the price of Bitcoin has gone up too much too quickly and is due for a correction. However, I believe this correction is only short-term. The falling wedge could be a leading diagonal of wave 1. If that is the case, we could get targets of $23,000 after a short correction phase! It also mean that we have yet to see the biggest impulse wave in all of Bitcoin's history (disclaimer: in terms of $ gained not % gained)! The correction gives us a buying opportunity for those who missed out when I predicted Bitcoin would bounce of 13,000. It is important that we buy when the price dip and not when prices rises. Warren Buffett once said, "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful". Everyone is predicting that Bitcoin resumed its downtrend, but we need to remain calm and know that its the only time we can get the best price. Others are fearful, we buy. Note: Some may say that we are forming a big double tops pattern (red semi-circles). I would disagree. One of the rules of the double tops pattern is that the last leg have to retrace to the middle dip. For the double top pattern to be valid, we would have to retrace to $13,000. If the pattern completes, we could see prices of 11,000!
BITFINEX:BTCUSDShort
by aoeuaoeu
3
NUVA is oversold & will be recovering from post-ER overreactionOn the daily chart, MACD and price have diverged nicely. On the weekly, stochastic is showing oversold. We are also at the .618 fib level from 52 week high. I'm going to call bottom between 52 and 54 before we start recovering. Also 35% retracement looks similar to February of last year. OIG subpoena is only related to one customer and will have a small effect. Management changes are short-term hurdles that the market will forget soon. The company recently released LessRay which offers reduced radiation in imaging. They also bought out Vertera Spine. Vanguard picked up 4.1 million shares recently with many other institutions increasing their positions. Average TP is 79.67 across 19 analysts which is also pretty good.
NLong
by worldsapart89
Potential Short Play : Exelixis Inc Exelixis has come to a stop after many months of upward movement, it is now consolidating around 52 week highs, and I am looking for a short opportunity on a large pullback. Reasons: - Class A bearish divergence on the weekly & daily chart (RSI, MACDL) + Acc/Dis (Daily only) - Accumulation/Distribution line has dropped below the 9EMA on the daily chart. The past two times this occurred the stock had a +10% pullback to the 20EMA - Overbought on the RSI, and has crossed below the 70 line after being above it for a significant amount of time. The past two times this occurred the stock also had a +10% pullback to the 20EMA Going short with a break of the ascending trend line, with a price target around $19.30 or the 20EMA.
NASDAQ:EXELShort
by UnknownUnicorn664841