Bitcoin BTC This seems like a very likely scenario on the 30-minute chart. Let's see how it plays out!
Technicalindicators
XRPUSD(4Hr) : XRP to favor bullsMarket in the last 24hrs
XRPUSD saw a bearish trend in the last 24 hours and can be seen moving in upward momentum. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The current upward movement of XRPUSD suggests that the price has accepted the lower Bollinger band as a support line, so we can expect the price to reach the middle Bollinger band and then have a consolidated movement after that.
Price volatility was moderate at approximately 6.42%, with the day's range between $0.613— $0.67.
Price at the time of publishing: $0.627
XRP’s market cap: $28.7 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Traded volume remained high in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
DOGEUSD(4Hr) : DOGE favoring bearish momentumMarket in the last 24hrs
In the past 24 hours, DOGEUSD has been moving in a bearish momentum and has been constantly rejecting the lower Bollinger band. Trading volume has been high in the last 24 hours. The increased volume can be seen decreasing lately with a decrease in price which could indicate a possible trend reversal soon.
Today’s Trend analysis
DOGEUSD is expected to continue this bearish momentum until the price accepts the lower Bollinger band as a support line. Then we can expect some consolidated movement with a slight indication of a bullish trend.
Price volatility was high at approximately 9.57%, with the day's range between $0.208 — $0.232.
Price at the time of publishing: $0.21
DOGE’s market cap: $27.4 Billion
However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 6 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Trading volume has been high in the last 24 hours. The increased volume can be seen decreasing lately with a decrease in price which could indicate a possible trend reversal soon. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
Bitcoin BTC Perspective is such a strange thing. You can live your entire life seeing things and believing in things in a certain way and in one day all of that can change. We are constantly modifying, adapting, and growing which is what makes our potential so complex and special.
What we see with our eyes may not be what's really in front of us. Our eyes fool us on a daily basis and most of all, our minds. Life is a psychological burden that must be constantly fought and persevered against.
Keep your mind clear, strong, and open to all things. Live your life full of mindfulness and live a much more understanding, happy, and peaceful one.
May happiness touch every one of you!
ETHUSD(4Hr) : ETH moving in a overall Bullish trendMarket in the last 24hrs
ETHUSD saw a slightly bullish trend in the last 24 and touched the upper Bollinger band and now can be seen doing in downward momentum. Trading volume has been low in the last 24 hours.
Today’s Trend analysis
Price is expected to see a downtrend till it reaches the middle Bollinger band. Then if the price accepts the middle band as a support line then we might see the price follow the bullish trend line. But if the price rejects it as a support line then we might see the continuation of the downtrend momentum of price.
Price volatility was low at approximately 2.34%, with the day's range between $2281— $2404.
Price at the time of publishing: $2369
ETH's market cap: $276 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving a SELL signal, 1 is neutral and 13 are giving a BUY signal.
Volumes have remained low in the past 24 hours. The above analysis is supposed to hold if we don't see a sudden spike in the volume.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
DOGEUSD(4Hr) : DOGE moving in consolidationMarket in the last 24hrs
DOGEUSD saw a consolidated movement in the last 24 hours with price moving between the middle and lower Bollinger band. The trading volume has been on the lower side of the spectrum and can be seen decreasing in the last 24 hours.
Today’s Trend analysis
The general trend of the price has been bullish for the last couple of days but the price mainly moved in a consolidated manner between the middle and lower Bollinger bands. The price is likely to continue to move in this manner until we see a sudden jump in the volume it any other fundamental factor affecting the price.
Price volatility was extremely low at approximately 0.6%, with the day's range between $0.23 — $0.238.
Price at the time of publishing: $0.253
DOGE’s market cap: $30.6 Billion
However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Traded volume has been on the lower side of the spectrum and is constantly decreasing in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
SHIBUUSDT(4Hr) : SHIBU INU at a turning point.Market in the last 24hrs
SHIBUUSDT saw an overall bullish trend in the last 24 hours but the price can be seen moving down recently in the last couple of candles. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price is at a crucial junction as it nears the middle Bollinger band which usually act as a strong support line but the general momentum of the price and indicators suggest a bearish trend in the future. If the price accepts the middle Bollinger band is accepted as a support line then we might see the price resume its bullish trend.
Price volatility remained high at approximately 12.05%, with the day's range between $0.0000093— $0.0000083.
Price at the time of publishing: $0.0000087
SHIBU’s market cap: $3.4 Billion
However, the Indicator summary is giving a 'BUY' signal on SHIBUUSDT.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 2 are giving SELL signal, 1 is giving neutral and 12 are giving a BUY signal.
Traded volume remained high in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
XRP(1D) : XRP may see some bearish trend in the next 24 hoursMarket in the last 24hrs
XRPUSD saw a slightly bullish trend in the last 24 hours with price touching the middle Bollinger band. Trading volume has been moderate in the last 24 hours.
Today’s Trend analysis
Price is likely to see a bullish trend as it looks like the price has accepted the middle Bollinger band as a resistance line. We can expect the price to see a bearish trend till it reaches the lower Bollinger band and then a consolidated movement after that.
Price volatility remained low at approximately 1%, with the day's range between $0.649— $0.68.
Price at the time of publishing: $0.661
XRP’s market cap: $30.5 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Traded volume remained moderate in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
DOGEUSD(4Hr) : DOGE may see some bullish trend in the next 24HrsMarket in the last 24hrs
DOGEUSD saw a major downtrend in the last 24 hours with price moving from the upper Bollinger band to below the lower Bollinger band. The trading volume has been on the lower side of the spectrum in the last 24 hours.
Today’s Trend analysis
The price is expected to see a slight uptrend till the price reaches the middle Bollinger band. An exception can also take place which is that price may reject the lower band as a support line then we might see continuation of the bearish trend.
Price volatility was extremely low at approximately 2.22%, with the day's range between $0.24 — $0.251.
Price at the time of publishing: $0.243
DOGE’s market cap: $31.7 Billion
However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Traded volume has been on the lower side of the spectrum in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
Bitcoin Bullish Confirmation, Tringle Patterns & Volume ProfileBINANCE:BTCEUR
At Yellows you see a Bullish confirmation with re-test. Normally this pattern will bull even more.
Green triangle pattern and blue ascending triangle. Waiting the breakout (include the 3 confirmation candles) to see the direction.
Volume profile: It's break upwards after the yellow re-test, waiting to see if it's breakout the 'Point of Control' then normally the price will go upwards or if it's fail to breakout then the price will go back to bear market.
$NEGG 200 MA breaking out of resistance with Harmonic pattern$NEGG
RS Ratio: 1/8 on 10/26/2020
200 MA breaking out of resistance, a few lower highs and lower lows with mirrored Harmonic pattern
Golden Cross signal is Bullish
Golden Cross: The golden cross is a chart pattern that is a bullish signal in which a relatively short-term moving average (MA 50) crosses above a long-term moving average (MA 200). ... As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
Wyckoff Re-accumulation with break out, MMs loading at Support entering levels
Strong Influx of Volume
Newegg Commerce, Inc. owns and operates Newegg.com, an online electronic products retail platform in the United States. The company offers computer hardware products, computers and tablets, electronic products, software, gaming products, cell phones and accessories, home appliances, home living and improvement products, health and beauty products, automotive and industrial products, outdoor and garden supplies, office and point of sale products, sporting goods, watches and jewelry, apparel and accessories, toys, and baby and pet products. The company also provides Newegg Logistics, a logistics solution to help e-commerce sellers and organizations streamline order fulfillment, shipment and returns. It serves corporations, businesses, and individuals. Newegg Commerce, Inc. has a partnership with Payability, Inc. to launch Newegg Capital, a tech-enabled working capital solution for marketplace sellers. The company was founded in 2001 and is based in City of Industry, California. Newegg Commerce, Inc. operates as a subsidiary of Hangzhou Lianluo Interactive Information Technology Co.,Ltd.
XRP(1D) : XRP moving in consolidated momentum this weekMarket in the last 1 week
XRPUSD saw a consolidated momentum with a slight indication of a bullish momentum this week as the price moves between the middle and the lower Billinger band. Trading volume has been moderate and can be seen decreasing with a slight increase in price indicating that there may be a bearish turnaround later.
Next Week's Trend analysis
As the price moves near the middle Bollinger band we reach a crucial point. If the price rejects the middle band as a resistance line then we can see a more prominent bullish trend. But if the price accepts the middle band as a resistance line then we might see a bearish momentum till it reaches the bottom Bollinger band in the next week.
The price change was high at approximately 21.7%, with the week's range between $0.598— $0.728.
Price at the time of publishing: $0.675
XRP’s market cap: $31.2 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
DOGEUSD(4 HR) : DOGE continuing its consolidated momentum.Market in the last 24hrs
DOGEUSD saw a consolidated movement between the lower and the middle Bollinger band. The less gap between the bands indicates low volatility. The trading volume has been on the lower side of the spectrum in the last 24 hours.
Today’s Trend analysis
The price is expected to continue to move one a consolidated momentum until it touches either the middle or lower Billinger band. If the price touches the middle band and the price rejects it as a resistance line then we some bullish momentum till the price reaches the upper band. If the price reaches and then rejects the lower Bollinger band as a support line then we see some dominant bearish trend.
Price volatility was extremely low at approximately 2.42%, with the day's range between $0.239 — $0.249.
Price at the time of publishing: $0.242
DOGE’s market cap: $31.5 Billion
However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal.
Traded volume has been on the lower side of the spectrum in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
XRPUSD(4Hr) : XRP to consolidate before setting a trend.Market in the last 24hrs
XRPUSD saw consolidated movement with a slight indication of a bearish trend. The price moved below the middle Bolliger band and rejecting it as a support line. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price is expected to continue its consolidated movement with a slight indication of a bearish trend till it reaches the lower Bollinger band. If then the price accepts the lower band as a support line then we can expect some bullish relief. But if the price rejects the bottom band as a support line then we may see some prominent bearish momentum.
Price volatility remained low at approximately 3.48%, with the day's range between $0.647— $0.706.
Price at the time of publishing: $0.664
XRP’s market cap: $30.7 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 11 are giving SELL signal, 1 is giving neutral and 3 are giving a BUY signal.
Traded volume has remained high in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
DOGEUSD(4 HR) : DOGE teasing us again with the downtrendMarket in the last 24hrs
DOGEUSD saw a major downtrend in the last 24 hours with the price moving from the upper to the lower Bollinger band. The trading volume has been on the lower side of the spectrum in the last 24 hours.
Today’s Trend analysis
As the price touched the bottom Bollinger band and the latest candle can be seen to be green this could mean that the price has accepted the Bottom band and we can see DOGE move in bullish momentum. There is a chance that this might be a false signal and we can see the price to continue its bearish momentum.
Price volatility was low at approximately 5.45%, with the day's range between $0.283 — $0.269.
Price at the time of publishing: $0.252
DOGE’s market cap: $33 Billion
However, the Indicator summary is giving a 'SELL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Traded volume has been on the lower side of the spectrum in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
ETHUSD(4Hr) : ETH back to its shenanigansMarket in the last 24hrs
The price saw a slightly bearish trend, with the price moving from upper to middle Bollinger band. Trading volume has been low in the last 24 hours.
Today’s Trend analysis
As the price reaches the middle Bollinger band we can expect 2 things to happen. First, if the price accepts the upper Bollinger band as a support line then we can see the price move in a consolidated manner between the middle and the upper band with a slight indication of a bullish trend. Second, if the price rejects the middle band as a support line then we can expect the price to move in a bearish momentum till it reaches the lower Bollinger band after which we can expect some consolidated movement with a slight indication of bearish momentum.
Price volatility was low at approximately 4.09%, with the day's range between $2091— $2242.
Price at the time of publishing: $2118
ETH's market cap: $246.5 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on ETHUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 6 are giving a SELL signal, 1 is neutral and 8 are giving a BUY signal.
Volumes have remained moderate in the past 24 hours. The price can be seen increasing with a decrease in volume which could be an indication of a reversal.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
DOGEUSD(4 HR) : DOGE finally recovering from the downtrendMarket in the last 24hrs
DOGEUSD saw a consolidated movement in the last 24 hours with price moving between upper and middle Bollinger bands. Trading volume is very low in the last 24 hours which could suggest that investors are having doubts about the market which could have led to the current consolidated momentum.
Today’s Trend analysis
Upper and lower Bollinger bands have come very close to the middle line which is an indication of low volatility in the price. Due to this the resistance and support line have come very close to predict any particular momentum. But since the price is currently moving between the middle and the upper bands, we can expect the price to move in a consolidated manner with a slight indication of bullish momentum.
Price volatility was low at approximately 4.52%, with the day's range between $0.253 — $0.275.
Price at the time of publishing: $0.269
DOGE’s market cap: $35 Billion
However, the Indicator summary is giving a 'BUY' signal on DOGEUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 5 are giving SELL signal, 1 is giving neutral and 9 are giving a BUY signal.
Traded volume has remained low in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
ETHUSD(4Hr) : ETH finally seeing some recovery.Market in the last 24hrs
ETHUSD saw a bullish trend in the last 24 with price testing the upper Bollinger band as a resistance line the entire day. Trading volume has been moderate in the last 24 hours. The price can be seen increasing with a decrease in volume which could be an indication of a reversal.
Today’s Trend analysis
Price has been testing the upper Bollinger band as a resistance line for a very long time and looks like we are about to see some movement from the price. The volume can be seen decreasing with an increase in price which usually indicates a trend reversal in the future. There is a chance that we might still see some jump from the price as it keeps on rejecting the upper band as a resistance line, thus resulting in a continuation of a bullish trend.
Price volatility was high at approximately 6.23%, with the day's range between $1981— $2166.
Price at the time of publishing: $2419
ETH's market cap: $250.5 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 2 are giving a SELL signal, 1 is neutral and 12 are giving a BUY signal.
Volumes have remained moderate in the past 24 hours. The price can be seen increasing with a decrease in volume which could be an indication of a reversal.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
$AVSTAvast Plc, together with its subsidiaries, provides digital security products under the Avast, HMA, AVG, and CCleaner brands worldwide. It operates through two segments, Consumer and Small to Mid-Sized Business (SMB). The company offers desktop security and mobile device protection products; value-added solutions for performance, privacy, and other tools; dynamic secure search solution, including browser toolbar; and big data and marketing analytics solutions, as well as security and protection solutions for small and medium-sized business. It also provides standalone and managed antivirus products; and managed security platforms, including CloudCare, an online security service for small and medium businesses, as well as Management Console, a cloud-based console that deploys antivirus protection to multiple devices and manage all devices from one place. In addition, the company offers business security services, such as patch management, backup and recovery, email security, content filtering, and secure Web and Internet gateway services. It has a strategic partnership agreement with Enterprise Nation to deliver cybersecurity resources and training services. The company primarily sells software licenses through e-commerce services providers, and retailers and resellers. Avast Plc was founded in 1988 and is headquartered in Prague, the Czech Republic.
DOGEUSD(4 HR) : DOGE moves in a consolidated movementMarket in the last 24hrs
DOGEUSD saw consolidated movement with a slight hint of bullish momentum in the last 24 hours. Trading volume has been very low in the last 24 hours.
Today’s Trend analysis
DOGE is expected to see a consolidated movement followed by a bearish movement, as the price just touched the upper Bollinger band which usually act as a strong resistance line. There is a chance that the price can see a bullish momentum if the price rejects the upper Bollinger band as a resistance line.
Price volatility was low at approximately 4.04%, with the day's range between $0.242— $0.267.
Price at the time of publishing: $0.255
DOGE’s market cap: $32 Billion
However, the Indicator summary is giving a 'BUY' signal on DOGEUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 5 are giving SELL signal, 1 is giving neutral and 9 are giving a BUY signal.
Traded volume has remained high in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
ETHUSD(4Hr) : ETH continuing its bear runMarket in the last 24hrs
ETHUSD saw a bearish trend from price moving from the upper Bollinger band to the lower Bollinger band. Trading volume has been on the higher side of the spectrum in the last 24 hours.
Today’s Trend analysis
As the latest candle can be seen moving up, it looks like the price has accepted the Bottom Bollinger band as a support line and we can see some consolidation followed by a bull run. There is a chance that this might be a false breakout and we can see a continuation of the current bearish run.
Price volatility was high at approximately 8.11%, with the day's range between $1794— $2019.
Price at the time of publishing: $1847
ETH's market cap: $215 Billion
However, the Indicator summary is giving a 'SELL' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 13 are giving a SELL signal, 1 is neutral and 1 is giving a BUY signal.
Volumes have remained low in the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis!
Price Action vs Indicators: Who wins?Happy Friday, ladies and gentlemen. The topic of our first educational post for the day is the following: Price Action vs Technical Indicators.
To begin with, each and every traders has his or her own strategy. Some of them would prefer using only indicators to open trades, some would use indicators as confluences, some of them do not use indicators at all and so forth. The truth is, indicators deceive a lot of new beginner traders into thinking that they are the key to successful trading and investing. Right after hoping on the charts, beginners tend to saturate their graphics with tons of indicators which contradict to each other. One indicator shows a buy signal, another one shows a sell signal, which makes it harder for traders to make decisions on the markets. Of course, using some spesific indicators as confluences to open positions is not bad at all. If it fits your strategy, you may add some technical indicators to backup your analysis. But at the end of the day, using several indicators and saturating your beautiful graphs with them will never lead you to success.
All in all, as it has been stated above, everyone has his or her own strategy. Therefore, if indicators work for you, go ahead and implement them in your analyses! At the end of the day, it is all about making money, isn’t it?
Have an amazing Friday and a brilliant upcoming weekend, everyone!
TESLA - Analysis 2021-06-25Tesla is starting a bullish phase.
The signs are as follows:
1° on 4 June it touched and then rebounded from the Ema 200 daily;
2° on June 23 it broke 23.60 Fibonacci and also EMA 50 daily
3 ° on June 24 broke the bearish trend line (white line) started on January 26
Yesterday there was a strong gap up opening with a rise almost to the resistance at $ 700 and then returning to a Fibonacci 38.6%.
In the next few days, a possible drop to $ 657 to close the gap but even if it does reach this level, it should start again.
Next resistance indicated:
- $ 700
- $ 721
- $ 760
I recommend observing, discussing, Like if you like it, but as always, always use your head for operations !!
