as the hungry hippo has taught me is to watch the money flow index on the daily is seems to have hit a snag on the 3hr, it doesn't seem to be corresponding with the price action If we do rise past these recently new highs, I will continue to build my short position However we do know how things can change and if the MFI becomes oversold I will change my course
$USDJPY Short Week of 05/10/2020
EURNZD is on a bearish trend, the price reached a structure resistance. RSI is overbought and MFI as well, STC is still no showing a entrance but it will show soon
The price reached the 38.2 fibo retracement, RSI value is around 40 with a big retracement cause of correction, MFI is high and STC give us a signal to go long
The price reached the lvl 127 bullish impulse and the historical price is near to reach. RSi has a divergence as MFI. NZD on CSI is on mid lvl and weakening and CHF is oversold and could be strengthened
Like that weird lobster General said in Star Wars: "It's a TWAP!" Good returns on EOS and other markets lately, looking healthy but some cooling off needed for a few days to a week at least. Bearish divergences showing up on some of the best indicators. If you're day-trading, take your profits and wait for pullback. Happy Hunting :) :)
- I know it has been really rough holding XRP in 2019 while watching other coins go up. Honestly, most of the charts look horrible for XRP and what I found here is the only hopium I can find for now. Also, I will discuss why the Plus Token ponzi scheme is relevant to XRP as well, which is very important as most people are unaware. MUST KNOW - PLUS TOKEN PUMP: ...
This shows buy and sell signals using RSI and MFI/RSI divergence, represented by the difference between MFI and RSI. MFI look-back period is 36 weeks, RSI look-back is standard 14 weeks. MFI look-back period may need to be optimized, but this first result was pretty good so I'm showing it here. Signals from MFI-RSI are confirmed by signal from RSI, represented by...
BABA has been in a clear uptrend with a series of higher highs and higher lows but there are signs that it needs to correct to the downside short term- 177 is a reasonable target. We see from the graph several signs; price is above the point of control (red line on the volume profile, sufficient Fibonacci extensions from the most recent impulse wave have been met...
BTC held monthly support but has failed to push through this range and bounce off the level. We have had plenty of setups on lower timeframes to warrant a push to top of range and all have been heavily rejected. MFI is currently at historically dangerous rejection levels, look at previous rejections around this area. A lot of interest around the 8600 area but...
After the drop, btc is showing some bullish stuff on the h4 chart. - A possible quasimodo pattern is forming. - Mfi shows bullish divergences - DI+ was rising while price was falling---> bullish - DI- is at the same level while price was falling ---> bullish - ADX is going down while the price is going down ---> bullish - ADX is crossing down the SMA: this means...
DI- fallen hard while price was falling--> bullish ADX was falling while price was falling--> bullish DI+ was rising while price was falling--> bullish mfi a big regular bullish divergence and an hidden bullish div fisher is crossing the blue line---> bullish In short term i'm more bullish than bearish!
TLT been on a tear to the downside with how bullish SPY has been. I like this one to the upside if SPY settles and drops back to EMAs. TLT also about to touch the 89d EMA which has always been a great buy area.
We have Komodo, a strong cryptocurrency project, for a long-term trade. Let's take a look at the chart, we will look at our signals for bottomed out altcoins: *Here we have the bullish divergence on the MFI . *MACD bullish crossover. *we have strong support-line in 0.0000696. ------------------------- ENTRY: 0.0000695 - 0.0000720 TARGET: (1) 0.0000865...
Looking at the h4 chart i see that bulls are still shy and btc doesn't have the strenght to go up (at the moment). The 200 MA is blocking the price. At the same level in h1, we have the top of the Ichimoku cloud, so 10500 it's hard to break. The ADX and DI show that the trend is still bearish (not so strong) and the bulls aren't here. The last h4 positive candle...
RUBI moved into overbought (MFI indicator) territory after a cup and handle formation. Will set a tight stop at the peak of the gravestone doji and look to sell before earnings. If this eventuates, it could form a larger cup and handle formation, something to keep an eye on after earnings is released.
Looking to enter a long position on SNA with a fairly wide stop. Price decreased after earnings but the long spinning top/long legged doji candle indicates weakness in selling and a possible reversal. Relatively low volume compared to previous earnings as shown on chart. You could set your stop a little tighter around the $149 resistance level to protect against...
Price is trending towards a well established bottom support with MFI (20) indicating oversold. Potential 50% return by the end of the year, depending on earnings . Look for multiple strong bullish candles crossing the 9MA line.