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How Golden Crossover Signal Can Send Tron to $0.10Tron (TRX) flashed the golden crossover signal, which is widely considered a technical buy signal. The bullish case scenario for this cryptocurrency is also supported by the higher highs and higher lows price structure which signals that an uptrend could be developing. Golden Crossover Signal Most traders only learn to follow the 50 and 200 simple moving averages. However, not many traders know that the golden crossover signal can also occur when the 50-day moving average crosses above the 100-day moving average. Since the 100 period SMA is faster than the 200 periods SMA, we can detect a shift in the general market direction much earlier. Price Structure TRX's price is now printing a series of higher highs followed by at least two higher lows, which signals that we're starting to move upwards. Additionally, based on the RSI oscillator, TRX made a new high in momentum readings which confirms the bullish sentiment. Looking forward: There is not much resistance to the upside until the $0.10 psychological number. On the flip side, we have a strong support level at $0.058. As long as we stay above this support level, TRX has the potential to reach the $0.10 milestone.
by cryptohopper
The Case for Cardano to Drop to 50 cents Before BottomingCardano (ADA) has the potential to fall as low as $0.50. A major reason for this bearish scenario is ADA's descending channel, which the bears may try to tag again. This will be a classic break and retest price structure. Descending Channel A descending channel pattern has formed on ADA's daily chart, starting with the price falling from its all-time high of $3.09. The breakout to the upside has lost momentum, and now we have 3 bearish factors that align to call for more downside: 1. First, the bears have reclaimed the $1.00 psychological number after an initial failed rally. 2. Second, the RSI readings point lower as the oscillator is back below the 50 mid-level signaling bearish momentum. 3. Lastly, ADA's price is trading well below its 200-day simple moving average, which signals that we're in a bearish market. Looking forward: The next major support to the downside comes near the current low of the year of $0.74. A daily break and close below this level will open up the door for ADA's price to test $0.50 and, subsequently, the upper slopping trendline of the descending channel.
Short
by cryptohopper
1
Bounce from Lower Band of the ChannelAlthough Bitcoin does not currently bounce from the lower band of its newly formed channel, it seems that it will exhibit a steady rise towards the upper band of the channel in the short term. Although the daily and weekly stochastic relative strength index shows a negative stance, the 1-hour and 4-hour stochastic relative strength indices seem to indicate the expected rise in the short term. We are currently stubborn above the 200 hourly simple moving average and h/200ma will support us if we hold this level.
BITMEX:XBTLong
by the6ylal
Trading SetupHi traders in this post would like to share a trade setup i use for a while. first - supertrand indicator second - 20-50-200 sma indicator for supertrand - click on indicators and search for supertrend - choose the 3rd 1 from the list u see. change settings to - atr period - 5 source - hlcc4 - and atr multiplier - 1 now u have a system which will print out buy / sell signals. combined with 20-50-200 sma - i take a position when price cross the 20 sma. look @ the examples - sell signal + cross the 20ma test it @ home :) ##this is not investing advise## hope you find it usufull ... good luck
NYSE:ZIMEducation
by DaxiDriver
3
XRP ANALYSIS (EXTENSIVE)Overall trend on a daily timeframe is downtrend forming a descending triangle (black line). the major support line (0.78% Fibonacci retracement level is the $0.5546 on the other hand we are looking for a divergence where the "ASCENDING TRIANGLE" is forming. If it hold, price will breakout of the descending triangle and touch the nearest "local resistance" (black dotted line) of $1.00 which could retest or breakout and hit the other local resistance of $1.35 for the SMA & EMA trader (long term) the 30 Days RSI line is useful.
by DewyCandles
BTCUSD/DXY^2 Repeating a Bearish PatternFor the moment, this is only an early indicator of a potential bearish price movement of BTCUSD. DXY is showing strength, while BTCUSD is also showing some support at levels 38k to 41k USD. However, DXY is outpacing BTCUSD, and because BTCUSD/DXY^2 is showing some signs of weakness, and re-testing historically bearishly on the 3-Day 200 SMA for BTCUSD/DXY^2, it stands to reason that, unfortunately for Bitcoin holders, there is still a chance for a final capitulation before we are able to move higher with strength and conviction. I hope I'm wrong. I remain neutral, as does this analysis. But it can quickly turn very bearish very quickly (and hopefully we can just sail back on up afterwards). Stay safe, watch the warning signs, and see you guys in 10 years when Bitcoin's at 500k+! <3 No matter what, remember the fundies. Trade your best trades. Hold when you can't perform those perfect trades. And stay safe.
BITSTAMP:BTCUSD
by florasora
4
Looking down the road for a NKE reversalI hate talking about water under the bridge, but this time I will bring up the case of NKE. What I am disgruntled about is that I I didn't head my own (documented) thoughts on NKE that I had posted on Jan 19: Depending on how you look at it, there has been 4 times that puts below 144 would have worked out wonderfully. The time, I thought I push to 135 would hold as support but that has proved wrong. I hate to chase so I am looking forward to a reversal. I do want to point out a possible future long.... **__Price History: __** **YTD** -24% **1 Month** -14% **3 Month** -26% **6 Month** -23.5% **1 Year** -7% **5 Year** +121% +01% off 52 week low -30% off 52 week high Recently a gap was filled - previously created in June 21' and fully filled Feb 21' Dividends are here! Historically over the past year NKE has seen a sell off proceeding ex-dividend periods. I won't speak too much on this outside this isolated observation - MM hedging around this period can make the options chain hard to read. Ex-Div. Date Amount Type Yield Change Rec. Date Pay. Date 3/4/2022 $0.305 Quarter 0.9% N/A 3/7/2022 4/1/2022 **__Indicators__** - 3 Day Chart **Moving Averages** Easily summed up as trading below all MA's, the 12/26 EMA, 50/200 SMA, and 9 HMA The most import to note is the break of the current 3 Day candle below the 200 SMA. A failure to recapture the 200 SMA by the close of this candle could set up NKE for further selling pressure before earnings. **RSI** Showing signs of being oversold on its current candle and has been hovering right above oversold for over 30 days now - no divergence present currently **SO** Shows oversold conditions since early Jan 21' and the break below its 50 SMA. The SO remained relatively the same since. **QQE** Shows momentum to the downside. When compared to the ATR and RSI, the QQE makes sense in this case. There are very little signs of a momentum shift that is imminent. **ATR** Specifically the decomposed ATR we see that the stock (recently) has had increasingly bearish range with decreasing bullish range - there is no divergence apparent (yet). 1 year ago NKE was trading at SIMILIAR price levels with about less $2 of bearish price movement as compared to today. The important thing to note here is that there seems to be compounded bearish pressure present causing additional volatility on red days. **OBV** Tracking price closely with no signs of major divergence, although the OBV is declining telling us that volume on down days is getting stronger - thus influencing the ATR (IMO) **__Thoughts on Price Momentum and Direction__** **Candles** The 1 month chart shows a current candle that has opened below and trading below the open of the June 2021 monthly candle - I would look for 122.44 to act as support if bearish momentum continues. This is a level that a reversal could be looked for. Any CLOSE of the March monthly candle below 122 would make me feel like the selling pressure would continue. The 50 MA on the monthly chart could also be used as a level of (possible) support. $122(+- The 3 day chart shows a current candle with 1 more trading day left - Bulls would want this to close above 128 ( Local Support from 1 year ago) and bears would obviously want to close the candle below - again, closing below $122 would indicate continued selling pressure. Since the gap is filled, the biggest highlight here is holding support (122) or not. **Earnings** Historically, NKE has had a beat on earnings for the past 6 reporting periods. EPS reporting turned $0.90, $0.93, $1.16, $0.83 were reported period ending Feb 21, May 21', Aug 21', and Nov 21' respectively. Although the Nov 21' earnings beat, it was down from Aug 21. Estimates now show $0.72, a slightly higher bar than Novembers' expectations but down from what was reported. This to me just says that analysts are expecting the effects of COVID, the labor market, and overall transportation costs to weigh heavily on NKE's earnings. It is also important to note that no dilution has occurred in the last year. **Insiders** According to **__Fintel: __** Shares Outstanding 1,581,295,273 shares Insider Shares 251,328,587 shares Insider Ownership 15.89% Total Insiders 48 "**Insider Accumulation Score** According to Fintel: "The Insider Accumulation Score is the result of a sophisticated, multi-factor quantitative model that identifies companies with the highest levels of insider accumulation. The scoring model uses a combination of the the net number of insiders buying the prior 90 days, the total shares bought as a percentage of float, and the total shares owned by insiders. The number ranges from 0 to 100, with higher numbers indicating a higher level of accumulation to its peers, and 50 being the average." Score: 8.88 (12942 of 13931) - as reference the top rated ticker REFI has a score of 99%+ Although higher insider ownership typically signals more confidence in a company's outlook and ownership in its shares. The more insiders that hold shares the more they would be (in theory) incentivized to do good for the company and help increase its profitability and shareholder value. **Net Number of Insiders Buying (Rank)** -3 (3.38%) 13784 out of 14266 Net Number of Insiders Buying is the total number of insiders buying minus the total number of insiders selling in the last 90 days. The percentile rank is shown here (range from 0 to 100%). **Options** TOTAL OI -527K Call 272K Put 255K P/C RATIO - 0.94 Most significant chain activity on 3/7/22 : The 3/25/2022 strike P $135.00 had a previous day volume of 930, OI of 1,583 and a current OI of 2,243 for a overall charge of +660 (+41.69%) The 3/18/2022 strike P $125.00 had a previous day volume of 1,376, OI of 3,655, and a current OI of 4,309 for an overall change of +654 (+17.89%) Top 10 chains by OI **Chain Bid-Ask Low-High Vol OI** 3/18/2022 C $160.00 $0.00-$0.03 $0.02-$0.06 24 23,946 3/18/2022 P $160.00 $35.25-$35.90 $34.90-$35.70 25 18,805 1/20/2023 C $180.00 $2.35-$2.73 $2.40-$3.25 108 11,596 3/18/2022 C $150.00 $0.03-$0.04 $0.03-$0.15 1,220 11,313 1/20/2023 C $165.00 $4.10-$4.40 $4.10-$5.00 17 11,107 3/18/2022 C $140.00 $0.14-$0.21 $0.19-$0.72 267 10,462 6/17/2022 C $125.00 $10.00-$10.40 $9.85-$10.40 217 10,433 3/18/2022 P $140.00 $15.40-$15.90 $9.60-$16.02 123 10,040 3/18/2022 C $155.00 $0.01-$0.02 $0.02-$0.08 58 8,876 3/18/2022 P $150.00 $25.00-$25.95 $21.07-$25.30 22 7,218 What is important to note here is the $160 Puts and Calls holding the highest OI - premium heavily favoring the Put side. **__Further Observations__** I see NKE continuing its downward trend to test 122. This is a critical level that could start to form support in order for a reversal. An official reversal to me would come with a 3Day candle closing opening above 122 and a close above 135-137. On the monthly, to be more conservative, confirmation would come with a candle close above $150. The QQE on the monthly chart has just flipped (negative) showing (again) bearish momentum - this I do not like if I were to look for a long position too close to the (assumed) $122 support level. I do think, with the right patience, a comfortable long could be taken at confirmation of reversal (early at 135, late at 150) to test ATH's again (179.10). This could equate to a 20-30% gain in full - this is what I will be targeting. **__NFA Disclaimer__** This is NOT FINANCIAL ADVISE. These are my own unique opinions based on MY observations and MY experience. I only wish to document and share my thoughts on NKE. DO NOT take this is as a buy or sell signal, you must manage and take responsibility for 100% of your own trades.
NYSE:NKELong
by OccamsPhazer
1
LINKBTC - close to the bottomLINKBTC is near the tip of a falling wedge which have a bullish bias and it's very close to the daily 200 SMA. We can see bullish divergence on almost all timeframes and the 23500 - 25000 range is a zone of major support. The parabola for LINK/BTC is still intact and it's very close to it. This all points to a reversal in the near future and looks like a great zone to accumulate for long-term positions. Let me know what you think and best of luck with your trades!
Long
by Wolfy_
2
Divergent to the downside So good evening everyone I have a trade idea for US30 as my trades have been getting better and better I see a divergent on US30 as we speak possibly going to the upside with a regular divergent and to the down side as a hidden bear on the lower timeframes as price is below my 200, My 21, 50 and 100 SMA are all separated and moving downwards so I am only looking for SELLS were on a Major support and resistance level as well hovering just on it, so what were going to do is wait for Asian session to open see how the market opens its definitely going to be slow but will eventually get to where we want it to go until London session, from their hoping for a big push down but we do have to be carful as well, their is news on USD Monday and on the COT says people added positions on longing the market so lets keep an eye out and see how it plays out just to wait for another confirmation as in say a three line strike or a engulfing bearish candle.
EIGHTCAP:US30Short
by Indicator_Whore1
This is When Bitcoin Will RallyBitcoin (BTC) world’s biggest cryptocurrency, started the new year stuck in a very narrow trading range shy below the considerable psychological number of $50,000 and near the critical 200-day simple moving average. The two key factors that can signal we’re bottoming out are: 1. A break above the 200-day moving average 2. RSI break above mid-level 50 Momentum Leads Price One of the basic principles of trading is that momentum leads and price follows. In this regard, to escape the current bearishness, we need the RSI to cross above the mid-level 50 to signal positive momentum development. In 2021, Bitcoin experienced three corrections (19 April, 8 September, and 16 November). In each case, the RSI crossed below the mid-level 50 right at the beginning of the sell-off. Similarly, each correction ended when the RSI crossed back above the 50 level. 200-Day Moving Average The second signal to confirm the bottom is a daily break and close above the 200-day moving average. More importantly, we need the BTC price to trade for consecutive days closing above the 200-SMA. The 200-day simple moving average is widely regarded as the most influential moving average that delimitates an uptrend from a downtrend. Moving forward: As long as the bearish momentum persists, the bears will face an important support zone in the $42,000 - $40,000 price range.
BINANCE:BTCUSD
by cryptohopper
3