stefcom
Long

NEOETH 4H Long: Bullish Divergence of Price vs. Momentum

BITTREX:NEOETH   Neo / Ethereum
The 4H NEOETH             chart shows a bullish divergence of price vs. momentum. The momentum indicator shows the speed at which the price is changing - a divergence of price against momentum is an indication that the current trend might reverse.
The oscillator window shows the momentum indicator and an exponential moving average with a length of 9 (EMA9) applied to it. As you can see, the EMA9 is going up.
Besides the price-candles, I applied an EMA9 too to the price to show that currently the closing prices of the candles are going down - a perfect divergence!
My indicator "Jeddingen Divergence v4" shows this kind of divergences on the chart - I surrounded them with black ellipses.
The past two divergences seemed to be very accurate - so the current divergence might be that accurate too. But we all now the saying: "Past Performance Is Not Indicative Of Future Results" - so play it safe and don't put all your eggs in one basket!
The profit target could be 0.113054 (the point where price is expected to hit the blue trendline ), but I would suggest to get out earlier, for example at 0.104617 (half-way to the trendline ).
GET THE CCIDivergence STUDY FOR FREE: http://eepurl.com/c0Kr59
Get AutoDivergence early access if you buy my Jeddingen Divergence v4 Package
JedDiv: https://goo.gl/525V84
AutoDiv: https://goo.gl/dWvCYf
All the indicators in the world won't make us right no matter how much we think we are.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out