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Movingaverageconvergencedivergence

BTC : 5Day MACD Fib WavesBitcoin Bitstamp 5Day moving average convergence/divergence and fibonacci-based primary and secondary sine wave structures established from historical MACD positive and negative momentum. The MACD is displayed using the standard fast and slow lengths of 12 and 26, respectively. Signal smoothing length is the standard value of 9. For visual clarity, the signal line is not displayed... but I have left in the colored fill between the MACD line and signal line, so you can still see where the signal line would be. Also included is the colored fill between the MACD and zero line. The wave structure template used in this idea is roughly relative to a standard fibonacci channel, using the following levels : 0, 0.214, 0.236, 0.50, 0.764, 0.786, and 1.00. The primary fib wave template is displayed using solid lines. The positions of the upper and lower bounds of the wave structure are established using the March/April 2021 high, and the June/July 2022 low. The horizontal positioning of the wave structure is established using the March/April MACD high for the lowest wave value. The highest value of the 1.00 wave (amplitude), as well as its' wavelength, is established using the 0.50 midline level interactions...but more on that soon. Note, while the build and placement of the fib wave structures mimic a standard fib channel, it is not exact. Looking closely, you'll notice that the midline isn't exactly in the middle of the 0 and 1.00 wavelines. The structure compresses towards the bottom, thus it is not vertically symmetrical. Either way, these fib wave levels surely line up with the MACD rather impressively. Also of note, by applying a horizontal fibonacci channel using the lowest values of the 0 and 1.00 wave levels, and adding 0.35, 0.382, 0.618, and 0.65 to the existing levels, one can see interesting interactions between the MACD and these horizontal levels. Returning to the primary wave structure... we can see some very interesting interactions between the MACD and the waves. Here we look at the pink/blue wave levels : And here, we look at the 0.50 green midline : These midline interactions were used in creating the amplitude and wavelength of the entire wave structure. By looking at all the interactions, I believe that it is fair to assume that interactions similar to these could occur in the future when the MACD reaches the various levels of this fibonacci wave structure. Ok. So what if, in the future, the MACD reaches beyond the upper and lower bounds of the fibonacci wave structure? My first thought was to just extend the current wave structure by adding more levels above and below the existing structure : This could indeed be useful. But, when I looked at the current structure, and then looked at historical MACD values before 2017, I concluded that this structure doesn't necessarily apply to that data. If I were to predict future MACD action beyond this structure, especially a massive logarithmic rise/drop similar to what happened at the end of 2020/beginning of 2021, I would need to think about this completely different, and find a another method... one outside of simply adding more levels above and below the existing structure. What did I find? Let's return to the midline interactions that we looked at earlier. We see the MACD hits the green midline and reverses 3 times before breaking through the it, and then the MACD rises to the white 1.00 fib wave level. I realize the following might be reaching a bit far, but, what if this particular MACD behavior pattern occurs again in the future? If the possibility of this occurring again exists, is there any existing MACD data that I can use to form an entirely new fib wave structure? A new structure that when placed properly, allows this behavior pattern to occur once again? Here is what I found. I can place a brand new wave on the chart, one with a larger wavelength, and a much larger amplitude. I can modify its' wavelength, amplitude, and position, so that it mimics the midline of the existing wave structure, but on a larger scale. Take a look... here it is, displayed with a dashed line : Now I ask, is it possible to estimate the other levels of this new structure using this waveline and any existing MACD data? Here is what I found : Is this stretching a bit too far? Maybe. But, I think that this way of thinking is what is necessary to imagine what the MACD may look like in the future if there is a massive logarithmic swing in either direction. And of course, because this new fib wave structure is built using less data than the previous structure, and involves more estimation, it is likely to be less accurate as well. So, if all of this possibly plays out, what would the MACD look like if it did reach these types of levels? Well, using an unpublished pinescript indicator that I wrote, I can give you an idea of what it would look like... If you take all of the existing MACD data, offset it horizontally to the right by 500, and then multiply the values by 4.20, you get this : Awesome, right?!?! Interestingly, this projection also fits the initial fib wave extensions that I used in one of the previous images above. Take a look : So, in conclusion, this is how I created the main chart of this idea. I tried to include my logic and reasoning behind it. Is this useful? I think so. Naturally it depends on several factors such as whether you agree with the logic and conclusions of this idea, whether you use the MACD to help you trade, the timeframes of your trades, as well as your trading style. If anything, I think this chart is definitely worth looking at every now and then, especially when the MACD gets close to the various levels. Regarding sine waves, I have found some other waves that can be applied to the MACD that could prove useful. I refer to them as sub-waves. These are not placed within a unifying fib structure... they are individual waves, each with different amplitudes and wavelengths. All sub-waves : I think that these sub-waves can be useful at levels in between the fib wave levels of the two main structures, and overall help add to the validity of the notion of using sine waves in conjunction with an MACD while trading. Finally, here is a bonus 5Day MACD fib grid image... Thank you for checking out my idea. I hope it makes you look at sine waves, fibs, and the MACD differently. Please give it a boost if you liked it, and feel free to comment. //Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
CCO dips then rises ahead of earnings LONGClear channels is in the TV network subscription package and distribution business; It's earnings approach on Monday Feb 26th. On the 15 minute chart, in the past week it dipped to pick up buying interest and then responded with a good rise into the finish of the trading week. On the chart are various signs of bullish momentum including buying volume spikes, golden crosses of the pair of Hull Moving Averages, the confirmatory reversal of the Price Volume Trend and a squeeze release on that indicator. I will take a long trade here. The strike $ 2.00 for March 15th did 300% on Friday the 23th. I picked up some at $10 per contract. ( If you wonder what screener & its setting I used to find CCO, like this idea and send me a private message please)
NYSE:CCOLong
by AwesomeAvani
BTC/USDHere is a closer look at the BTC/USD 1 day chart: At the moment of typing this BTC/USD is ranging sideways within the range of around $31,479 and around $29,627 as highlighted by the Horizontal Dotted White Lines with Yellow Shading. BTC/USD is in a Ichimoku Y-Wave Pattern otherwise known as a Broadening Wedge Pattern or a Megaphone Pattern on this 1 day timeframe. We have contraction of the Bollinger Bands Upper and Lower Bands. Note that at the moment of typing this BTC has found support from its Middle Band Basis 20 Period SMA. I have added 2 Fixed Range Volume Profiles (FRVP). The 1st VFVP starts at the impulse from Thursday 15th June until Thursday 22nd June. Note that BTC is well above this FRVP POC (Point of Control). The 2nd is at the start of the Ranging Sideways Movement from Friday 23rd June until Friday 7th June. Note that BTC is below this FRVP POC (Point of Control). I have added a Fib Retracement Tool from the low at the start of the Impulse to the recent high. As you can see BTC/USD has found some support from its 0.236 / 23.60% Fib level. I have also added a Trend-Based Fib Extension Tool so you can see the various Support and Resistance lines for this tool with the high/low range i have selected. BTC/USD is still below its Least Squares Moving Average (LSMA) indicator. Note that the Price has not closed above the LSMA since Thursday 29th June. Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line had crossed below its Signal Line on Thursday 6th July but both lines are still in the Positive Zone above the 0.00 Base Line. All in all it’s interesting times, at the moment of typing this BTC/USD momentum is moving within a Range: For the positive side: An impulse move upwards with strong bullish volume with a successful daily candle CLOSE above $31,479 and successful re-test as strong SUPPORT is key for a bullish outlook. For the negative side: An impulse move downwards with strong bearish volume with a successful daily candle CLOSE below $29,627 and successful re-test as strong RESISTANCE is key for a bearish outlook. I hope this quick BTC/USD post is helpful.
BINANCE:BTCUSD
by entertheroach
2
BTC/USD Monthly Chart - Volume POC AnalysisBTC/USD Volume Analysis - Bitstamp 1 month chart. BTC is still in a massive Ichimoku Y-Wave Pattern, which is like a western Broadening Wedge Pattern. BTC is also in a massive Ichimoku P-Wave Pattern, which is like a western Symmetrical Triangle or Pennant. BTC is also in a massive Rising Wedge Pattern. I have also added in various Support and Resistance lines on this chart as highlighted by the thin dotted straight white lines. Here is a closer look at this Bitstamp monthly chart: At the moment of typing this, BTC is still being hampered by its Key Resistance Area located with the dotted straight white lines with yellow shading. Note that on the month of 1st Feb 2023, BTC broke out of its Falling Wedge Pattern and successfully re-tested it as support, 1st on the month staring 1st Feb 2023 and 2nd on the month starting 1st Mar 2023. Looking at the Bollinger Bands we can see that the price is still under its Bollinger Bands Middle Band Basis 20 Period SMA on this month chart. Note that the Lower Band has started to curve back around straight. I have added a few FRVP (Fixed Range Volume Profile) indicators to every group of 3 one month candles on this visible chart, you can clearly see the various Points of Control (POC) for all those 3x one month candles which are indicated by the straight white line on each 3 month FRVP indicators. Looking at the month starting 1st Feb 2021, we can see that our Point of Control (POC) for those 3x one month candles is located at our UPPER Resistance/Support line of our Key Area of Resistance. If we look at the month starting 1st May 2022, we can see that our Point of Control (POC) for those 3x one month candles is located at out LOWER Resistance/Support line of our Key Area of Resistance. Looking at the Visible Range Volume Profile (VRVP), we can see where the Point of Control (POC) is for this charts Visible Range as highlighted by the Dashed straight white line. Looking at the Volume on this Bitstamp 1 month chart, we can see that this month’s Volume Bar ended above its 20 Period Moving Average. If we take a look at the Moving Average Convergence Divergence (MACD) we can see that the Red Histograms have consistently degreased in size since Sept 2022. The MACD Line (Blue Line) is indicating momentum is upwards and the MACD Line looks very likely to cross back ABOVE the Signal Line (Orange Line) on this monthly chart. If/when the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) it will create a new Green Histograms and a buy signal on this monthly chart for this indicator. When that happens it will be the first new Green Histogram since the month of 1st Dec 2021. Looking at the Up/Down Volume Indicator for this Bitstamp chart, we can see the difference between the buyers and sellers as indicated by the Delta Line in the Volume Bars. Note that this useful indicator takes into account the whole Candle Wick so the full Open and Close price and not just the Body of the Candle. If we take a look at the Average Directional Index (ADX DI) we can see that the Trend Strength hasn’t turned upwards yet with the ADX (Yellow Line) at 21.11 and note the DAX Line is still under its 9 Period EMA (White Line) which is at 26.34. Positive Momentum is sideways at the moment with the +DI (Green Line) at 22.05 and Negative Momentum is also sideways at the moment with the -DI (Red Line) at 19.06. A good sign to look out for on this indicator is when the ADX (Yellow Line) starts moving upwards and an eventually cross back ABOVE its 9 Period EMA (White Line) as well as an upwards trajectory for the +DI (Green Line) and a downwards trajectory for the -DI (Red Line) diverging apart form each other on this 1 month chart. As stated in my previous BTC post, the Price needs to successfully CLOSE ABOVE its Key Resistance Area and turn that area into Strong Support. So it seems there might be very interesting times ahead for BTC and the whole Crypto market, especially if we get a Buy Signal on the MACD Indicator if/when the MACD Line (Blue Line) crossing back ABOVE the Signal Line (Orange Line) on this 1 month chart. I hope this post is helpful.
BITSTAMP:BTCUSD
by entertheroach
3
📈 4 Ways To Use The Moving Average📍 What Is a Moving Average (MA)? In finance, a moving average (MA) is a stock indicator commonly used in technical analysis. The reason for calculating the moving average of a stock is to help smooth out the price data by creating a constantly updated average price. By calculating the moving average, the impacts of random, short-term fluctuations on the price of a stock over a specified time frame are mitigated. Simple moving averages (SMAs) use a simple arithmetic average of prices over some timespan, while exponential moving averages (EMAs) place greater weight on more recent prices than older ones over the time period. Common moving average lengths are 10, 20, 50, 100, and 200. These lengths can be applied to any chart time frame (one minute, daily, weekly, etc.), depending on the trader's time horizon. The time frame or length you choose for a moving average, also called the "look back period," can play a big role in how effective it is. An MA with a short time frame will react much quicker to price changes than an MA with a long look-back period. In the figure below, the 20-day moving average more closely tracks the actual price than the 100-day moving average does. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
6
📊Moving Average(MA): Use Cases📍 What Is a Moving Average (MA)? A Moving Average (MA) is a popular technical analysis tool used in finance to indicate the stock's average price over a certain time frame. Its purpose is to reduce price volatility by creating a continually updated average price based on the stock's historical data. The computation of a moving average helps to minimize the influence of unpredictable and short-term price fluctuations on a stock over a designated period. Two types of moving averages are commonly used: simple moving averages (SMAs) that employ a straightforward arithmetic mean of prices over a particular timeframe, and exponential moving averages (EMAs) that prioritize recent prices over older ones by assigning them greater weight. 📍 Simple Moving Average(SMA) A simple moving average (SMA) is a technical indicator that calculates the average of a range of prices over a specific number of time periods. It can help determine if an asset price will continue or reverse a bull or bear trend. It is an arithmetic moving average, calculated by adding recent prices and dividing by the number of time periods in the calculation. SMAs can be short-term or long-term, with short-term averages responding quickly to price changes and long-term averages being slower. Other types of moving averages include exponential moving averages (EMAs) and weighted moving averages (WMAs). 📍 What Is an Exponential Moving Average (EMA)? The exponential moving average (EMA) is a moving average (MA) technique that assigns more weight to the most recent data points. It is also known as the exponentially weighted moving average. Compared to a simple moving average (SMA) that gives equal weight to all data points in the period, an EMA reacts more strongly to recent price changes. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3
Not another market timing theory....Okay, I get it. Timing the market < time in the market, but I can't argue with the results of this strategy. Here we're going to take a look at a timing model using the popular MACD / MA Cross combination, with a dash of stop loss and a pinch of momentum indication, so let's dive in. This is "close" to what I use for my personal indicator, although done on a different platform. A while back, I took on the challenge of learning Pine Script for my first coding experience. A lot of copy/paste was used. I published an "Advanced MACD/MA Cross" indicator, with the intent on building it into this strategy. So yes, first of all, the main signal is a combo MACD / MA Cross on the S&P 500 index ( SP:SPX ). Another important thing, likely the most important thing of all, is this strategy relies on the LOGARITHMIC movement of the S&P. This is very important. When looking at the log movement of a stock or index or whatever, you go from looking at the REAL PRICE to looking at MOMENTUM. In my years of trying to find a decent momentum indicator, I found just looking at the logarithmic movement was best. Settings for MA Cross are fast 200 TEMA, slow 650 DEMA. I've found it best if the MA types are different (slow MA is also a slower "type") when looking at logarithmic movement. For instance, if your slow MA is an SMA, fast should be EMA. If slow MA is EMA, fast should be DEMA, so on and so forth. This will cause the slow MA to vertical shift down during bull markets and up during bear markets. The settings provided seem to give a good overall indicator of general market movements, but usually it's slow to respond to market entries. My MACD looks at exponential moving averages of 200 and 500 on the S&P, and then applies a 100 day EMA signal line. This provides good entry points in general. When evaluating these long term trends, sometimes, unexpected things happen in the market that give potential to lose a lot of money. This strategy also implements a stop loss and market "bounce" finder. Stop loss is straight forward. If the strategy detects that the log movement of S&P has dropped by 10 points, a "bond market alert" will trigger. Conversely, the "bounce" finder looks at log movement of S&P from a rolling 17 day period, and if it's moved upwards by 10 points, a "stock market alert" will trigger. The strategy tester is pretty good, although the equity holds a flat line through the Bond market. This is where a true portfolio backtest would come into play. Look at the list of trades from the strategy tester, input them into a spreadsheet or whatever, and see how this movement indicator would work for your favorite stock over the past several years. Chances are, it'll work pretty well, and a lot better than a buy and hold strategy. While looking, you may want to investigate leveraged long term treasury bonds ( AMEX:TMF ) during the indicated downtime, or index LETF's during the uptrends ( AMEX:UPRO , NASDAQ:TQQQ , etc.), depending on your risk tolerance. The chart above shows the S&P compared to Vanguard's Long Term Treasury ETF ( NASDAQ:VGLT ), as well as market entry and exit positions, in the first pane. Second pane is the Logarithmic movement of the S&P, and the strategies MA Cross lines. Third pane is MACD (MACD MA's not shown for clarity). Fourth pane shows the "bounce" indicator. Strategy tester goes all the way back to 1950, or the beginning of daily data for the S&P 500. You'll see a few trades missed the mark, but the profit factor is important to note (and keep in mind, this doesn't take into effect BONDS!) P.S. disclaimer, this isn't 100% exactly what I use for my personal market entry / exit indicators. My personal bounce entry and stop-loss methodologies are slightly different, and I also track an underlying portfolio that will initiate a stop loss if neither stocks or bonds are working (i.e. 2022). And also, I'm not a financial professional, this isn't financial advice, yada yada yada. P.P.S. please forgive me if the formatting doesn't end up right here, never published a strategy before!
SP:SPX
by garretthenry229
📉 The "Death Cross" PatternDeath Cross, 5 Key things to watch The "death cross" is a market chart pattern that occurs when a short-term moving average falls below a long-term moving average, indicating recent price weakness. It is often studied using the 50-day and 200-day moving averages. The death cross pattern is more reliable when confirmed by other indicators such as high trading volume or momentum indicators like the MACD. These indicators can help confirm that a major trend change is occurring. 🟠 The Death Cross (convergence of moving averages) is a strong indication of a sell-off 🟠 If volume increases after the Death Cross, the downward trend is likely to strengthen 🟠 If price is above moving averages, strong volumes may be needed to suggest a turnaround 🟠 If price is below moving averages, the selling pressure is likely to be severe and any upward corrective moves will face strong resistance 🟠 The first sign of selling pressure weakens as moving averages start to turn upward 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, Please like, comment and follow ❤️
Education
by QuantVue
5
S&P500 - 1 Day Chart - Short Price Target of $2,880S&P500 1 Day Chart: Short Price Target V Calculation Negative V = B - (C-B) = D C $4,102 - B $3,491 = $611 B $3,491 - (C-B) $611 = $2,880 Price Target Ichimoku Timespan: A to B = 41-Bars (42-1) B to C = 34-Bars (33+1) C to D = 75-Bars (76-1) (41+34=75) Wednesday 22nd March 2023 Notes: The Ichimoku Conversion Line (Tenkan Sen) looks like it is about to cross back under the Ichimoku Base Line (Kijun Sen) on this 1 day timeframe. The Ichimoku Lagging Span (Chikou Span) looks like it is about to drop under the price from 26 Periods ago. Note that the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) support is very thin where the S&P500 Price is located at the moment. We have a Double Top at the 50% Fib Level $4,102 which is located around C of our Ichimoku V Calculation. The S&P500 Price is under its Bollinger Bands Basis 20 Period SMA and we have expansion of the Upper and Lower Bands and this is for negative momentum. The S&P500 Price is also under its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. Looking at the Moving Average Convergence Divergence (MACD) indicator, Momentum is downwards and we can see that the MACD Line is still under its Signal Line and is getting very close to the 0.0 Base Line. From my opinion, analysing all the above indicators it's looking very likely that we will see the Price Target of $2,880. This will also be fully confirmed when/if the Leading Span A (Senkou Span A) crosses back under the Leading Span B (Senkou Span B) creating a Kumo Twist into a Bearish Red Cloud on this 1 day timeframe. I hope this is helpful.
SP:SPXShort
by entertheroach
2
DOW JONES kissed the 200 moving averageDOW JONES kissed the 200 moving average and going down we might see some retracement on dow jones. Lets see --- I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at. So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there. Iam posting some of the best phrases from successful people: -All that matters is how you see yourself. If you see yourself as the king, with all the belts and everything, and no matter what no one else says, as long as you see that, and really believe in it, then that’s what’s going to happen -If you believe in yourself and have dedication and pride - and never quit, you'll be a winner. The price of victory is high but so are the rewards. Bear Bryant -We all have dreams. But in order to make dreams come into reality, it takes an awful lot of determination, dedication, self-discipline, and effort. Jesse Owens -In order to excel, you must be completely dedicated to your chosen sport. You must also be prepared to work hard and be willing to accept constructive criticism. Without one-hundred percent dedication, you won't be able to do this. -Patience, persistence, and perspiration make an unbeatable combination for success -Trees and grass need time to grow, and therefore, they symbolize patience. We need time to achieve goals, especially big goals, and this requires patience. ... If we are too impatient, desiring to have immediate results, we might be disappointed and quit our goals. -Courageous persistence is the one quality more than any other that can guarantee success. ... The definition of persistence is the quality that allows someone to continue doing something even though it is difficult or opposed by other people. -Doubt is only removed by action. If you’re not working then that’s where doubt comes in.” -I believe in myself so much that nothing is going to stop me -There’s no talent here, this is hard work. This is an obsession. Talent does not exist, we are all human beings. You could be anyone if you put in the time. You will reach the top, and that’s that. I am not talented, I am obsessed -Approach ev
AMEX:DIAShort
by Composed_Trader
BTC/USD Descending Wedge with Quantitative TighteningBTC/USD 1M Chart: This is the 4th Descending Wedge Pattern that BTC has been in on the weekly and this 1 month chart. Note that BTC broken downwards on 2 of its Descending Wedge Patterns before continuing upwards. Things we have to take into consideration 1: We are already in a world wide recession! 2: The FED is about to start Quantitative Tightening which may not be priced into the markets! 3: Quantitative Tightening will possibly take BTC to $12,00 and below! 5. The crypto spot market is controlled by the Binance funding rate! 4. Before the media says the country says its in a recession…… It already is. 5. Be prepared. If the MACD Line (Blue Line) crosses below the 0.0 Base Line into the Negative Zone of the MACD Indicator then BTC will OFFICIALLY be in mid-longterm distribution on this 1 month timeframe. Since March 2020, quantitative easing took BTC from about $3,800 to about $68,000, some may say this was even from 2011! So now that we are entering Quantitative Tightening! What happens next? Interesting times and opportunities ahead. I hope this is helpful with your trading and Hold-ing.
BITSTAMP:BTCUSD
by entertheroach
2
S & P - Will it recover ? YES ( Market Future ?)The weekly chart of the S & P shows that back immediately post-Covid underwent a "death kiss " pattern where the SMA10 touched down on the SMA50 and then rose back above it. The S & P then went onto gain about 50 % over the following 18 months into November 2021. Now, presently another "death kiss" pattern is evolving. By comparison, once the S & P recovers in the 4th quarter of this year, early next year while the recession is potentially at its worse, the market may be in recovery mode in its anticipation of greener days of the future ! What is your opinion ? Please comment.
SP:SPXLong
by AwesomeAvani
6
Nat Gas's Rally To Strengthen Fundamentals: The global Nat gas supply is one of the tightest in the commodity space. Historically hot weather all over the world -most notably in Europe and in parts of the US- has created an abnormal amount of demand for nat gas this summer. Climate change and extreme weather are also now threatening the passage of cargo ships through the Rhine river, which could have big implications on the price of several European imports including nat gas. All the while Putin looks to use his pipeline Nordstream 1 as a bargaining chip in the face of NATO sanctions. There has already been talk about a complete halt of Russian gas into Europe coming in the fall of 22. Technicals: A cup and handle formation looks to have formed on the daily chart, currently in the final stage, in which NG1! should break out to new highs. Momentum is very strong on monthly, weekly, and daily timeframes. The volume for this rally is certainly not the strongest. NG1! found support and bounced nicely off the 50% retracement level of around 7.5. Despite the low volume, I think new highs are a lock here for US nat gas. This is a textbook cup and handle, I expect an upside target of 13.65 to be hit in the medium-term outlook for NG1!. As always this is not trading advice. Good luck!
NYMEX:NG1!Long
by Gooby_Trades
2
VET/USD - weekly chart updateLooking at the VET/USD 1 week chart we can see that VET is in a massive Falling Wedge Pattern. A Falling Wedge Pattern is potentially a Bullish Reversal Pattern. Note that the APEX of the Falling Wedge Pattern is located around the end of October 2023. A weekly candle CLOSE BELOW the Lower Converging Trend-line can easily invalidate this pattern as we saw with the previous weekly Rising Wedge Pattern that got invalidated. Here is a closer look at this VET/USD weekly chart: At the moment of typing this, VET is still way below its 50MA, 100MA and 200MA. For the downside, be on the lookout for if/when the 50MA crosses UNDER the 100MA on this 1 week timeframe. For the upside, be on the lookout for if/when VET crosses back above its 200MA and successfully re-test it as support. VET is also still way below its Least Squares Moving Average (LSMA) for this 1 week timeframe. For the upside, be on the lookout for if/when VET crosses back ABOVE and COLSES a weekly candle ABOVE its LSMA creating a BUY Signal for this indicator on this 1 week timeframe, also look out for any successfully re-test as support. VET is still way below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 week timeframe. Note that both the Middle and Lower Bands are pointing downwards and the Upper Band is sideways at the moment. For the mid to longterm, VET needs to cross back ABOVE and CLOSE ABOVE its BB Middle Band Basis. Looking at VETs longterm Modified Schiff Pitchfork Pattern, we can see that VET is still way below its Pitchfork Median Line and has also found resistance from its Lower Green Resistance Line. Looking at the Trend-Based Fib Extension tool, we can see what levels VET has above and below it as potential Support and Resistance. Note that the 1 ($0.01845) Trend-Based Fib Extension Level is located roughly where the 78.60% ($0.1811) Fib Retracement Level is located. Looking at the Fib Retracement we can see that VET has the 78.60% ($0.01811) and 100% ($0.0857) Fib retracement Levels as potential support. I have added to areas of Support which i believe are of great interest as highlighted by the Horizontal Black Lines with Blue Shading. We can clearly see that VET has found strong Support from its first Support Area. The longer VET stays and keeps re-testing this area with lower highs, the more the support volume will be chipped away and VET will potentially drop further to its next support cluster. The Volume Profile Visible Range Point of Control (VPVR POC) is located at $0.004946 and you can see the increased volume cluster located from around $0.00857 to $0.00287. If VET drops to that level, we can expect a huge buying opportunity to cause a spike up. As you can see on this weekly chart, Traded Volume has been low since around Jun 2021 compared to what VET was getting from July 2018 to May 2021. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is increasing with the ADX (Orange Line) rising to 17.129 and above its 9 Period EMA (Black Line) at 15.182. Note that Negative Momentum has dropped with the -DI (Red Line)at 28.041. Positive Momentum has also dropped with the +DI (Green Line) to 16.636. Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line and has been in the Negative Zone since the week of the 13th Dec 2021. Note that the MACD Line (Blue Line) is slight curving upwards so be on the lookout if the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) creating a Buy Signal on this 1 week timeframe for this indicator. Looking At the Stochastic Indicator (STOCH) we can see that the %K (Blue Line) is still under its %D (Orange Line) and both lines are deep in the Oversold Zone and has been for the last 10 weeks. What is interesting is that VET has been in the Oversold zone a few times on this weekly timeframe and on 3 previous occasions VET has spent about 15-16 Weeks in this Oversold Zone before rising above 20. Could be one to watch. I still believe that there is a huge possibility that BTC will hit $12K especially with inflation and the recession we are in, if that happens then we can expect VET to at least WICK DOWN to its 2nd Support Area which is located by its 100% ($0.0857) Fib Retracement Level and its 1.414 ($0.096) Trend-Based Fib Extension Level. I would not get excited on tis weekly chart unless VET closes and successfully re-test as support its LSMA. For the Longterm, wee need VET to break back above and CLOSE a weekly candle ABOVE its Bollinger Bands Middle Band Basis and 200MA. Once this world recession is over and the Governments, The FED, The Bank of England ect ect have completely cleaned up from inflation and whatever else, then the Market Makers will eventually decide that the Path of Least Resistance to Profit is upwards. So once this recession and financial/crypto bear market is over, be it in a year, 2, or even 5 to 10 years. You need to position yourself to be able to buy back in on your crypto of choice and take full advantage of the next parabolic wave up. This is all just my opinion so please do your own research as its your money. I have tried to cram quite a lot in this post as this will probably be my last longterm VET/USD weekly chart post for a while unless something major happens so I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
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