Indicator set test - Let's predict the future
Heya,
I'm testing a set of indicators which I explained in this idea (click the bitch):
2h Chart:
MACD: Price is increasing but MACD builds lower lows -> Divergence -> bearish
StochRSI: positioned in the end of an upswing -> slighty bearish
RSI: in neutral zone -> neutral
CCI: upwards trend persists -> bullish
Ichimoku Cloud: bullish
Bears 1,5 : 2 Bulls
-> Bulls win this time
4h chart:
MACD: Price increasing, MACD Histogram building lower highs -> divergence -> bearish (also the 26MACD line (red) got cut from the 12MACD from above and it's already at a high level)
StochRSI: building lower lows while price is increasing -> Divergence -> bearish
RSI: going towards the overbought zone -> slightly bearish
CCI: neutral zone, but moving towards uptrend mark -> neutral
Ichimoku Cloud: Bullish
Bears 2,5 : 1 Bulls
The Bears win this time.
(Note: Price bounced off nicely at the pink trendline which could work as a further support)
1d Chart:
MACD: 12MACD crossed 26MACD from below and below the 0-line; Histogram is mot likely at it's current wave peak - hard to tell -> neutral
StochRSI: at a very high level in the overbought zone, will drop most likely -> slightly bearish
RSI: in neutral zone, but increasing -> slightly bullish
CCI: in neutral zone -> downward trend finished -> neutral
Ichimoku Cloud: Bearish
Bears 1,5 : 0,5 Bulls
The Bears win this time.
Additional Info:
In the 4h chart is saw that the volume dropped which could support the bears because the bulls have no support.
Result: It's quite hard to tell. According to the indicators set and the dropping volume I'd say the price will drop over the next few days.
I'm testing a set of indicators which I explained in this idea (click the bitch):
2h Chart:
MACD: Price is increasing but MACD builds lower lows -> Divergence -> bearish
StochRSI: positioned in the end of an upswing -> slighty bearish
RSI: in neutral zone -> neutral
CCI: upwards trend persists -> bullish
Ichimoku Cloud: bullish
Bears 1,5 : 2 Bulls
-> Bulls win this time
4h chart:
MACD: Price increasing, MACD Histogram building lower highs -> divergence -> bearish (also the 26MACD line (red) got cut from the 12MACD from above and it's already at a high level)
StochRSI: building lower lows while price is increasing -> Divergence -> bearish
RSI: going towards the overbought zone -> slightly bearish
CCI: neutral zone, but moving towards uptrend mark -> neutral
Ichimoku Cloud: Bullish
Bears 2,5 : 1 Bulls
The Bears win this time.
(Note: Price bounced off nicely at the pink trendline which could work as a further support)
1d Chart:
MACD: 12MACD crossed 26MACD from below and below the 0-line; Histogram is mot likely at it's current wave peak - hard to tell -> neutral
StochRSI: at a very high level in the overbought zone, will drop most likely -> slightly bearish
RSI: in neutral zone, but increasing -> slightly bullish
CCI: in neutral zone -> downward trend finished -> neutral
Ichimoku Cloud: Bearish
Bears 1,5 : 0,5 Bulls
The Bears win this time.
Additional Info:
In the 4h chart is saw that the volume dropped which could support the bears because the bulls have no support.
Result: It's quite hard to tell. According to the indicators set and the dropping volume I'd say the price will drop over the next few days.
Comment:
Prediction failed. Indicator Set Success rate: 25% (out of 3 predictions)