Looks bearish to me. Bitcoin broke the important $9500 support last hour. Next support is $9000. ADX is increasing in number, to be more specific, it crossed 50, which indicates a very strong trend. VWMACD is also gaining bearish momentum.
ADX has crossed below 25, indicating no or weak trend. Supertrend has stagnated. MACD has a low magnitude (not very high in positive or negative direction). These are signs that the current bear trend has ended...for now. While it's possible that the bulls may take over again, it's just as likely for the bears to start another, new bear trend. Happy trading!
10K support has broken. ADX is starting up again and it looks like DI- is still in control. The resistance from Feb 3. will likely act as support now. If this support falls, we may see falls to 8500.
ADX is poised to grow to over 50, which means that the trend is a very strong trend. additionally, the supertrend continues to fall and VWMACD continues to gain momentum. If the 10K support does not hold, we could be looking at a drop to the 8500 support.
S&P 500 SHORT TARGET 2550 (7%) follow me to stay updated <3
VWMACD is gaining momentum, both short term and long term. Also, ADX is increasing, whilst having DI- higher than DI+, meaning that a bearish trend is forming. In addition, SuperTrend's descending supertrend is beginning to fall. Considering the last few Heikin-Ashi candlesticks have been red, I think it looks bearish.
SuperTrend's ascending line has collided with the candle this hour. DI- trumps DI+, and the ADX is poised to begin a new trend. "Long-term" VWMACD is still green, but is rapidly approaching the negative. In addition, there has a very large amount of volume in the past 3 hours. Also, the price dropped back into the price range of the descending channel (not shown,...
Trends have died down as shown by a static SuperTrend, Near 0 VWMACD, and Below 25 ADX. However, It may be the beginning of a bear market, as SuperTrend has gone to the red and long-term VWMACD has flipped to the negative.
SuperTrend hasn't moved, VWMACD has nearly no oscillation, and ADX is well below 25.
Price is currently being constricted in a triangle with nice accumulation within, we need to stay above $44.69. If history repeats itself then USOIL will trigger a rally soon. Good luck
As noted previously, $ETHUSD recently touched the lower trendline and bounced sharply. On the 8HR timeframe using Supertrend, there's a Bull signal setup on $ETHUSD if close > 300.59 Also looking for Bull signal confirmation on CM_Ultimate on 8HR Chart. The 4HR Bull Signal has confirmed on Supertrend and CM_Ultimate. Currently, there's consolidation in the...
Greetings Fellow Traders - I've been getting many questions about where EURUSD is headed, when its going and how its going to get there. The answer is as complicated as you want it to be. There is quite a bit of waiting and patience involved in trading the currency markets, the post I made regarding EURUSD was in reference to what I called a Super Trend, a weekly...