Here is why I suggest you should use the SUPER TREND!I see the weekend is here. A new week is about to begin, and it's time to get organised, reflect on your progress so far, and learn something new to help you achieve your trading goals., and boost your profitability.
Let's be honest, I am someone who normally likes to follow the trends. A lot of the trend following indicators I've encountered along the way in my professional and career growth haven't made sense to me. Moving averages, Average Directional Index, Moving Average Convergence-Divergence, Parabolic SAR etc. I always had a lot concerns with the indicators being able to swiftly follow the price movement, as well as identify a clear reversal of the underlying trend. However, I came through to find this SUPER 'super trend' indicator some while ago, and by testing this and adding it to my intraday trading strategy, I finally see that I could rely on one single indicator to help me identify the trend quickly and more efficiently (never 100% of course it is still not a holy grail!) but the results were good enough for me to write down this post to you guys.
What is the Super trend indicator?
'Super trend,' as the name implies, is a trend-following indicator, similar to moving averages and MACD. It is plotted on prices, and the position of the prices reflects the current trend. When we build the Super trend indicator, the default settings are 10 for the ATR and 3 for the multiplier. The average true range (ATR) is important in 'Super trend' since it is used to determine the indicator's value and it indicates the degree of price volatility, which is one reason why this indicator beats Moving averages, which disregards price volatility.
Super trend Indicator Formula
The super trend indicator computation is illustrated below–
Up = (high + low / 2 + multiplier x ATR)
Down = (high + low) / 2 – multiplier x ATR
Average True Range = / 14
The number 14 represents a period in this context. As a result, the ATR is computed by multiplying the previous ATR by 13. Add the most recent TR and divide it by the time.
As a result, ATR is an essential component of the supertrend technical analysis indicator.
How to Use Super trend Indicator to Identify Buy and Sell Signals?
Super Trend, as a trending indicator, performs well in trending markets (both uptrends and downtrends). When the indicator flips over the closing price, it is easy to identify a buy-sell indication. When the Super Trend closes below the price and the colour turns to green, a buy signal is issued. A sell signal is generated when the Super Trend closes above the price and the colour of the Super Trend changes to red.
There is no such thing as a 100 percent accurate technical indicator, and Super Trend is no exception. It also produces erroneous signals in sideways markets, however it produces fewer false signals than other indicators. As a result, you may use Super Trend in conjunction with other indicators to provide more accurate trade signals.
Follow my daily analysis posts on my account to check out how to combine it with other momentum indicators as well as use it for multi-time frame analysis!
Super
SUPER long or short?Black Mountain Analytical Team:
SUPER 3 possible scenarios
Wait for the price reaction to the area and zone.
We will wait for the price reaction to the Resistance line and the static Resistance range. After the price reaction, we can enter.
We are currently monitoring it to catch it in the first price movements.
TREND LINE-Resistance area
--RSI
Superfarm at support and getting into my buy zoneSuperfarm is at the support trendline. This may be a good buy zone for the long term and it provides a good risk reward. We would keep a tight stop loss at the support trend line. If Super doesn't respect the support trend line and go below it with volume we would exit the position for a small loss but if it continues to respect in line with the historical price action, I expect a 2x return in the near turn. Obviously DYOR and this is not a financial advice but I'm adding here.
SUPERUSDT SETUPSUPERUSDT price dropped as bearish sentiments prevail in the market last week but as we can see the price holds its fib level golden ratio support. And wedge formation can also play its part in establishing a bullish sentiment. So keep an eye as we are expecting the bulls are just warming up in Super. Good Luck!
Awesome moment for SUPER / USDT !!!SUPERUSDT
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Hey , guys , we are + 3 % for today with SUPER already .
It was first target , guys ; )
So , lets see more together .
Add this coin to your watching list ; )
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Follow us and read another ideas here : @Professional_Crypto_Analytics
Thank you for your likes , guys .
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Have an awesome trading !
Similar idea :
SUPER AccumulationBroke out of the downward channel. Check the enormous Volume last 2 weeks. If this is not accumulation then I don't know what is (see related idea). Re-test of the BUY ZONE 0.4-0.35 from above would be great opportunity to get in/add more.
Targets 1.48, 2.55 and 3.63.
Like👍, follow✒️, enjoy📺!
SUPERfarm Upside Potential SuperFarm empowers NFT creators, collectors and traders to participate in an NFT marketplace that is open and accessible to all.
SuperFarm partnered with The Sandbox, a community-driven platform where creators can monetize voxel assets and gaming experiences on the blockchain.
My price target is 3.35usd.
Looking forward to read your opinion about it.
super/usdt : 70% coming soon Hello everyone ,
as we see in the chart super broke the resistance and retest it
and this is a bullish signal . the coin still above the 50 and 14 ema
( rounding bottom break )
use 2h time frame for a fast entry ( trend break out )
our first tp is the black line .
please support me with like and follow me for more ideas . ☺☺
SUPER/USDT "Head and Shoulders Flip" Channel. Pivot AreaHead and shoulders Inverted channel. Area of potential trend reversal (inverted head and shoulders) or trend continuation (sideways, channel). Price levels to work on the chart.
By the way, this "project" with the marketing double name SuperFarm has nothing to do with pharmacology and "crown-viral hype". This project is a supplement to NFT and DeFi.
Coin Market Coin: SuperFarm SUPER
#SUPER SUPERFARM 1D ChartSuperfarm recently broke out of the double bottom pattern. Measuring the move, we can see coming up to the .382 fib level next. My major concern is the RSI is very high on the 1D chart. A bit of consolidation may need to happen before the next leg up.
Coinmarketcap for SUPER: coinmarketcap.com
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins