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Polkadot Descending Channel Breakout PlayPolkadot's (DOT) price has broken above a descending channel that can suggest a potential trend reversal. Another confluence factor that adds more weight to the bullish case scenario is the MACD regular bullish divergence. Descending Channel Before Polkadot emerged higher out of the descending channel, it reached a new low of $10.37, which is a key support level. The short-term support level also comes in at $16.70, which needs to hold for the current rally to continue. On the flip side, the bulls are eyeing the considerable psychological number of $20.0. A daily break and close above the considerable round number $20 can open the door for a retest of the next critical resistance found at the $27.90 level. However, the 100-day simple moving average, which currently stands at $22.81, is another obstacle the bulls need to overcome. MACD Divergence The MACD divergence also signals that the bottom might be settled, even if it is only temporary. This adds more confluence to the reversal signal, but at the same time, traders need to be aware that this rally may also just be a minor retracement in the grand scheme of things. In this regard, traders need to keep an open mind and simply go with the market flow.
KRAKEN:DOTUSDLong
by cryptohopper
Quick analysis on the 4H chart - BTCUSD*** Always trade your own charts. These charts are for simple analysis from my point of view. This is NOT trading advice. *** A simple look at the 4H chart versus the 200 smoothed moving average (green line) and the 200 simple moving average (blue / orange line). Trending well below the 200 SMMA - Sign of weakness. Trending below the 200 SMA - Sign of weakness. Arrows point to continuously weakening buy pressure and eventual failure to surpass back above the 200 SMA - Major sign of weakness. Short term, this is still very much in a downwards trajectory. How low can we go? I'm still sticking to my original projection of 25-26K before any sort of major trend reversal. Could we go lower? Certainly. Could this entire structure be invalidated? You bet. Whales can do it if they want to. It's hard to tell at this point in time. Just keep a larger perspective on what kind of trend we're in. Don't try to crystal ball your trading, just trade the trend. If you're a day trader or scalper, there's money to be made here. If you're holding, that's up to your comfort level on if you want to hold and wait until a final rebound or get out and buy lower. It all depends on your risk management and trading style. I'm just here to make a non-biased analysis of what kind of trend we're still in. I see more downwards pressure coming. Hold on to your butts!
COINBASE:BTCUSDShort
by DashingSixty
3
LTC/USD Potential BB Head FakeLTC/USD was getting Bollinger Band squeezed by the consolidation of price between the .5 Fib retracement area and the .236 retracement area following the sharp drop in markets in mid May. Now we see that the price has tried to break downward out of the squeeze, implying what seems to be a bearish bias only to bounce up off the .236 area and enter back into the Bands. We could be witnessing a head fake, one of John Bollinger's favorite indicators with the Bands, leading to a sharp upwards movement. Firstly, we need to be sure the 200 SMA (purple line) isn't now being flipped from support to resistance, potentially rejecting price around $145 indicating we should head further down. If it does turn to resistance and adds conviction to the bearish bias, that's a big indication that it would be most advantageous to stay away from long positions. We will see within a week or two if this head fake does in fact play out and we get a nice walk up the bands with targets at: $174.81 (.382 Fib line, middle of range) and $221.85 (.5 Fib line, top of range) Another thing to keep in mind is that we could just keep squeezing for months after this head fake occurs before making any truly definitive movements. It will be fun to watch one way or another.
COINBASE:LTCUSD
by Hrempe
(NFA/DYOR) BTCUSD: 50/200 day SMA death cross doesn't worry meThis cycle has shown us something not seen in previous cycles; we've had two major mid-cycle crosses of the 50 day SMA below the 200 day SMA already. It doesn't necessarily mean that it's meaningless or worth completely ignoring, but what it does tell me is that there's a good chance this is not the end of the bull market and that the 50/200 day SMA death cross probably isn't the death sentence some may make it out to be. Considering the rapid pace at which we jumped from 20k to 60k, a mid-cycle correction after that hasty runup to consolidate a bit before heading up again doesn't sound out of the question to me.
BNC:BLX
by travislester37
Education excerpt: Simple Moving AverageSimple Moving Average (SMA) The origin of inventing the Simple Moving Average (MA) is not clear. Although, some of the first documented cases of its use date as far back as the early 20th century. Implementation of moving averages in technical analysis is one of the most successful methods of identifying trends. Moving averages are simply constant period averages - usually of prices, that are calculated for each successive period interval. The result of calculation is then plotted on the chart as a smooth line that represents successive average prices. Thus, the calculation of the moving average dampens fluctuations of price of an asset, making it easier to spot an underlying trend. Though use of the moving average goes beyond identifying trends. Support, resistance and price extremes can be anticipated by correct interpretation of the moving average. Different lengths of moving average directly translate to the amount of data used in the calculation. Including more data in the calculation of the moving average makes each data per time interval relatively less important. Therefore, a large change in one particular data would not have as large an impact on the overall result of the calculation in comparison to if the moving average with a shorter period was employed. Hence, the longer moving average produces less false signals at the cost of revealing underlying trend sooner rather than later. Usually, the use of two moving averages with different period intervals is encouraged as opposed to use of a single moving average. This comes from the premise that when two moving averages with different period intervals are plotted on a chart, they tend to show two separate lines converging and diverging. Generally, when the moving average with a lower period interval crosses above the moving average with a higher period interval it is considered a bullish signal. On the other hand, when the moving average with a longer period interval crosses above the moving average with a lower period interval it is considered a bearish signal. These crossovers can serve as specific buy and sell signals in markets that are trending. However, moving average crossovers tend to produce many false signals in non-trending markets. Furthermore, these same crossovers can act as support or resistance levels. Calculation and formula The calculation of the moving average usually involves use of the close price. Normally, 10, 20, 50, 100 or 200 periods are used and the calculation is conducted by creating the arithmetic mean of a dataset. SMA = (A1 + A2 + An) : n A = average in period n n = number of time periods Illustration of weekly chart of DAI: Red line = 50-day SMA Green line = 20-day SMA Disclaimer: This is just excerpt from our full text. This content is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
DEducation
by Tradersweekly
3
XVS-BTC - Is this thereversal for XVS (Venus) ?Is this the reversal for XVS ? We received a daily buy signal for the XVS-BTC pair. If we look left we also can see that we bounced back up from a double bottom. I bought some more XVS this morning (for the long term) just before the 20EMA/50SMA cross up on the 1hour candles. My targets: .000846 (daily 200MA) .001273 (.236 fib) .001673 (.382 fib) .001996 (.5 fib) If we break the double bottom I will sell my XVS and buy it back at the next support level around 0002895 Don't forget to get profit or set alerts when we hit our targets. You can always buy it back on a retrace. It will not go in one straight line to the next targets. Also keep a close eye on BTC . If BTC starts to pump it is better to move some of your profits into BTC . Your end goal should always be to increase your BTC amount. Cheers and have fun. ° Be Patient – Don’t panic – Trade Emotionless. ° Never lose a winning trade. You can always get back in later.
Long
by seoco
BTC INVERTED : ReckoningBTC INVERTED 1DAY MACD (12, 26, 9) Triangle 1 macd btc run start to macd ath 2 macd ath to macd atl 3 macd atl to macd btc run start BTC INVERTED 1DAY HEIKIN-ASHI Triangle 1 btc run start to btc macd ath 2 btc macd ath to btc 3/25/21 low, dotted extension to triangle top 3 btc macd atl to btc run start Secondary Right Edge = 3/3/21 ATH to 3/20/21 peak, dotted extension Colored Rays = btc run start to key highs/lows INVERTED 1day 300 sma // Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
4
Bullish on dogecoin LONGStill feeling dogecoin here. Simple moving average (SMA) suggest that we have a trend in my opinion. Every indicator is reset, we have plenty of room to grow as most of the weak hands are now out. I immagine we have seen the worst of the dorps, but there could be further coils to 28 26 24.. do not fear, this game is just beginning. we are bullish long to 1 dollar by june, and potentially higher as the months roll on. I have 100$+ targets on dogecoins.
BINANCEUS:DOGEUSDLong
by UnknownUnicorn3570385
EPL ABOVE ALL MAJOR SMAsEPL’s share is trading above all major SMA’S EXCEPT 200 days SMA . FURTHER it is hovering near the resistance level. It has taken the resistance at two important patterns i.e. the channel pattern and between two horizontal lines. However the major volatility with the lower volumes in the last two trading days may stop the price from rising. A positive opening with the higher volumes on the next trading session can be a good indication for price rise. The stock is already trading above 5, 10,15,20,50,100 days SMA AND just short by 5.079 points from its 200 days SMA. Disclaimer: - The view expressed here does not in any sense pursue anyone to trade in the above stock. This is only for knowledge purpose. Person taking position in above stock will be personally responsible for the potential loss and will personally enjoy all the potential rewards.
NSE:EPLLong
by mohitjasuja2
What will you do now, Bitcoin?*Even if* the bitcoin price keeps correcting downwards, as it has been recently, it could still easily bounce off the 200 SMA at around $39.4k and still retain a bullish structure - and go upwards from there, perhaps later in the year. If however, Bitcoin's price fell through the 200 SMA, things could start to look a lot more bearish. --------------- The most recent price of BTC at the time of writing is: $46903.85. The 200 Simple Moving Average (SMA) is at: $39368.76. The percentage distance from the latest BTC price and the 200 SMA is: 19.0%. A coin with a price greater than its 200 SMA is more costly on average, and so this might be a good time to sell. However, this might be a part of a bullish trend where the price will continue even higher. Average Candle Height (ACH) for BTC: 5.53%. Average Candle Height is calculated as the average height of all candles (high - low) as a percentage of the high price. Bitcoin typically has about 5% ACH, while large market cap coins like Litecoin have around 8% ACH. Exceptionally volatile coins like 1INCH can have 15% ACH or more. The number of 1d candles measured in this calculation were: 500. --------------- Please like and follow if you'd like to see more content like this :)
by Evermore
2
SHILPAMED (NIFTY_500) CLOSING ABOVE ALL THE MAJOR SMA SHILPAMED (NIFTY_500 ) Closing Price of 14/05/2021 has crossed all the major simple moving averages including 5, 10,15,20,50,100 Days. The closing price is hovering near to its 200 days daily moving average which also act as major resistant for the stock. There are very good chances that it would cross the 200 days SMA and can show a good rally. Disclaimer: - The view expressed here does not in any sense pursue anyone to trade in the above stock. This is only for knowledge purpose. Person taking position in above stock will be personally responsible for the potential loss and will personally enjoy all the potential rewards.
NSE:SHILPAMEDLong
by mohitjasuja2
1
BTT/USDT SHORT, Broke the support, weak RD-BINANCE:BTTUSDT has good potential to rise in long term according to fundamental statics , but technicals represent the continuous but short downward trend because it has broken the 0.38 Fib down and the next supports are SMA 500 and 0.23 Fibonacci. You can see lower price tops but equal RSI tops. I consider this kind of a weak RD- , that approves the continuous downward trend. Macd has broken the signal line down and RSI is weak. I'm waiting a little in order to let BTT get oversold in RSI then enter. Note: It's not a financial signal, just my idea Note: Bitcoin's recent bumps can affect altcoins so I suggest you check BINANCE:BTCUSDT charts, too.
BShort
by MJT20