In his way down the price just draw a descending wedge. It might be bouncing after it hit the 0.618. In this case, the first target should be the psychological number 1.60 Also check +DI and -DI on their way to cross and RSI heading upward in a channel. I hope my analysis is useful for your next trades Don't forget to hit the like button, I really appreciate...
I think BTC has hit its short term top and we still need to see one final dump to reset the weighted average RSI indicator (takes into account RSI values from multiple time frames from 1 minute to 1 day) before we bounce to the 5k area. I don't have a downside target, but will update once the RSI has entered oversold territory.
Watch the intersection of the bearish trend line and the 61.8% Fibo level. This resistance point should hold. The price is rising on falling momentum, which is a signal for a stall near resistance. The bears still control the long-term trend as the bulls complete a nice correction. Thoughts?
ADX trading in a sideways channel like a lot of these low volume (low interest?) coins. Buyers stepped up a bit, I think confirmation this channel holds for now (untill btc decides otherwise). I entered with tight 2% stoploss, upside 10-15%.
The neckline of an inverted head and shoulders is being examined as resistance, and all eyes will be on internal trend momentum to see if the price can breakout to the upside to continue wave 3 of the new motive wave to the upside. The ADX measures the strength of trend momentum and the indicator is turning to the upside inside a trend strength building zone...
The rally last week has reached 38% of the preceding sell-off while monthly and weekly trend readings remain bearish. A Triangle is likely to form above 233.76 before another move lower forms a 5th Elliott Wave.
Adding to short, may also start to trail stop by adxvma upper band.
Support at the 61.8% level from the latest low and high is being tested as support. Daily momentum is posting weak signals and likely not enough to push price through the golden ratio. The ADX is still in a trend strength zone, and the directional index lines are flattening out. This looks lie a picture of a correction against a new near-term bullish...
This huge jump to the upside is still registering as a bullish move in a primary bearish trend. This move to the upside is likely a 4th wave of 5 to make up wave A of a 5-3-5 Zig Zag correction. Look for selling interest to return as price zeros in on the next couple Fibonacci levels. This should start wave 5 to complete wave A. This is a weekly chart, so a...
Hi guys and Merry Christmas ! Hope you did well with my pas idea for shorting Nasdaq with a targer of 5800 points. Now my idea continues to be for a lower price and my target is the price level of 4800. Technically ADX and Vortex Index show a sell signal within that deathcross upon those diagrams and the nearest target is 4800. Invest with wisdom and be carefull guys !
Hi huys and Merry Christmas. I post my recent for short possitions at Nikkei 225 with target 18025 ! Which is a high profit move or a trade if you got the whole picture of global markets and not for intraday investing. As we see ADX and Vortex Index signs 2 very solid sell signals through crossovers between the negative variables and positive variables. Invest...
Merry Christmas guys ! I post my idea for shorting DJI with first target 21046 ! I think that this trade has a very big potential. From technical scope ADX now trending and the crossover between -DI , +DI show a solid sell signal thats also the picture of Vortex Index which now tendds to crossover to give a solid Sell Signal. So invest with wisdom guys and be carefull !
Internal trend momentum is switching to the bulls as the Average Directional Index (ADX) starts to flatten out and turn around inside a strength building zone on the oscillator. Also, the green positive directional index line has crossed up through the red negative directional index line and is back turning higher to start the week. This is a bull signal for...
Initial Target at 0.000025, Stop Loss on the red line.
Adex had a good run last month and will likely repeat it this time. It will likely surpass its previous high and breakout from a developing broadening wedge formation. It could go 3X if it happens. Let me know what you think. Thanks Not a financial advise!
A bearish 5-wave move is underway that ultimately targets 212.74 by late April. Prices are currently in the third wave with a target of 225.76 by February 15. A bounce from the end of wave -3- would target 246.83 to complete wave -4- in March, then down to the wave -5- target in April.
The bullish divergences on weekly charts have started a new bullish ADX trend reading. Candlesticks formed a bullish Doji Star and volume has been good.
Been follow the RSI and the ADX to help signal a possible reversal and was looking for 3 signals to complete this validation. 1. Divergence between the price and the RSI. As price was making a new low the RSI was signaling less sellers making that low. This is a bullish signal. 2. But what about trend momentum? We want to see a weakening bearish trend and we...