The selloff from $5000 seems to have stabilized, falling back to the previous support above $4500. We seem to have slowed the rate of decline, with MACD approaching neutral on the 1hr chart. DMI is of concern as the blue +DI and orange -DI are reversed, which indicates strong bearish pressure. If the red ADX line moves into the space between it will indicate a ...
Actually some decent characteristics coming together for this chart. RSI has a top side resistance line that it is nearing. Today it closed at its "uniform action" line seen in the green. Look for a break of the green line first. This could be a level 1 entry. A level 2 entry on the top side resistance line break. Obviously we are looking for volume at the...
MACD & RSI both were saying to buy. Yet I locked in gains on my existing position. Should have added maybe. Original target was High 31s. Sold at low 31s instead. With absolutely no sell signals in sight. I have learned my lesson here. Would have scaled out of position if I could have. But I only had a $1k position so that was not much of an option with trade...
We generated two buy signals in the last week using RSI. Now we are getting another potential buy setup when we look at the RSI. Notice the horizontal line. This is know as the "uniformity method", a term coined by Eric Muathe. If we break above that RSI line we are good to go. Notice that the MACD is also about to cross zero. This is a strong buy signal from...
Bitcoin has found a resistance level before reaching $4500. It is now trying to go back up again, but as you can see on the MACD indicator we have a pattern of bearish divergence showing again. On August 14 we had a similar pattern showing and Bitcoin went below $4000 after that. Conclusion: Watch out for price drops. If the price starts falling you will know...
OANDA:CHFJPY GO SHORT NOW, EXIT WHEN CHANNEL BREAKS FOLLOW ME FOR MORE ANALYSIS CCPI
I typed up a long explanation on this trade a couple of minutes ago and then computer crashed....Not bothering agin.... So sorry about that. Read the chart. It was a good trade. I will study it more ;)
If RSI crosses below the bold green line on the RSI I am selling. MACD already giving a sell signal. Up 15% as of right now. Hard Stop loss in at $45.54, regardless of indicators. Hoping for a green day
Watch closely with more big banks reporting this week.
The market bounced from MA50 and the support zone. RSI confirms price reversal and MACD histogram confirms up movement. We have long opportunity and it's time to buy above 280.00 level. Stop orders for long trades should be below 200.00 level. The profit targets are at the downtrend line and the resistance level. We'll have to watch for price action near the...
SMA taking support, MACD Histogram is diverging (best Buy), Near to Trend line. Buy at 0.073 for safe buy 0.078. 1st Target Red support Line. P.S: We are offline Asset management and Portfolio management company. We are in need of retail traders So, who are interested in earning extra income apart from your trading portfolio kindly contact me in private. If you...
A divergence has formed on the MACD together with stochastic oversold conditions .
Welcome! Check out my YouTube video explaining how to use technical analysis to trade $LUV. It is 20 minutes long. But I promise you that I am not wasting your time youtu.be Last week I posted a 5 minute chart on $LUV claiming that it was screaming a buy. I was right. So today (In the video) we are going to review how we could have traded this like the...
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Price has broken down, next support is around 2% away. - Classic bearish ascending triangle pattern - MACD turning over and still negative - RSI breakdown - Price down trending, below all moving averages
Let's think about possible entry levels using MA indicators and support levels. We can see how the market moves to the possible reversal levels. DMI indicator shows trend market conditions but ADX line falls and it tells us that we should not expect strong up movement within several days. MACD also confirms down movement. RSI falls to the oversold zone and we...
After Numeraire is stablizing slowly SC can push back to where it needs to be. Analysis based on structure 1/5min