Trying to step up my TA game so going to start posting some charts to get ripped apart so I can learn. cowabunga
#REQ has been consolidating nicely for quite some time and is due for a pump. Indicators are ripe: Stoch crossing over and forming a double bottom, indicating an uptrend is to come. MACD flat waiting to crossover, will happen once we attempt to break red downtrend line. RSI bottomed out close to 20. Most importantly, bullish XABCD bat pattern is confirmed. Targets...
In today's analysis I will be taking issues and indicator signals I see on various time frames. As detailed in my last analysis: "I foresee a small drop short term & then another minor unsustainable rally that ultimately leads to our retest of support levels throughout the next 3 days." Results So where are we at? Daily (Main chart) Kijun-sen...
Jumping right into this... I am going to start with the daily. Then jump to the weekly and continue my analysis down the time frames. Daily Overview Shown above on the Daily, I have the Guppy Multiple Moving Average (GMMA) setup with a few tweaks to color schemes. My only reason to pull it up is to show our trend off of the support, as we go down the time...
#PPT is a strong buy with great risk:reward right now. It is currently bottomed out starting to make a move upward. Once we break the downtrend line and POC of VPVR, it will move up nicely. MACD is completely flat and stoch is oversold facing upward. We exhausted 3 full bearish TD seq waves and are ready to start a bullish one. Targets are blue lines.
I believe there will be a trend reversal to bullish on GBPUSD. Factors: TD 13 countdown completed on the daily chart, signaling trend exhaustion. Price is finding support on previous resistance (green) and horizontal trend line. Daily RSI is bottomed Weekly is on a 7 count, so if bear trend continues after the next two weeks reversal or consolidation...
I try to keep my charts clean & I realize the chart above looks messy, so bear with me. As mentioned in my previous idea from May 24th (See links below in related ideas) I am watching the weekly to see if we close above the 50 period Moving Average. I also mentioned that the Kijun-sen (Base Line in pink) & Tenkan-sen (Conversion Line in orange) are converging...
First off let me say I am not a fan of Elliott Waves, now I know some traders rely solely on E.W. but as time goes on and they gain more experience those analysts will eventually come to the same conclusion as I have. Elliott Waves are subjective , I rely on very little wave analysis, I do take it into account, but I never base a trade solely on them. That being...
As mentioned in my last idea found here: I detailed in my last analysis what happens if we break support, I also detailed that the 200 & 50 period moving averages on the 12 hour are beginning to converge and that the drop typically takes place prior to the Bearish cross because they are lagging, as can be seen above the drop did happen prior and the 12 hour 200...
Overview BITSTAMP:BTCUSD Weekly Bitstamp (main chart above) Shown above on the main chart, we have the a converging Tenkan-sen (Conversion Line in orange) and Kijun-sen (Base Line in pink). If the weekly closes in 3 and a half days below the 50 Period Moving Average we will see the Tenkan/Kijun Cross cross, in reaction to the TK cross it will put a very...
Good Evening World, Your friends from ProCryptoNetwork bring you their Daily BITFINEX:BTCUSD Technical Analysis, please keep in mind that this information is not a recommendation to buy or sell. It is to be used for educational purposes only. Good Luck... Donate Ether and Ethereum-Based (ERC-20) Tokens: 0x591b5D9Ff3CcB2469dAe842058b08F286F075480 Donate...
Things are getting interesting. BTCUSD on 4h chart hit a green TD-9 (Signal for taking profit). The 9 candle broke through the upper side of the symmetric triangle, but closed below it. This it why entering a trend continuation position prematurely on a TD-9 can get you wrecked. Patient traders will be rewarded if they wait until a actually candle closes above...
AION looking great to breakout for a swing. Alts are up and AION triggered a buy signal. Still awaiting setup but MACD and RSI downtrend looks positive. Could go down to ~3900 levels before breakout so stagger your buys. Alts have been bucking trends lately so keep a close eye if you are trying to pick the bottom. Next resistance target is ~4400 short...
#ncash looking good on 4hr chart. TD Seq. Hit a new low since last big uptrend. Broke resistance. Took small position here with tight SL. Will take larger position on confirmation of EMA15 crossing the 55
It is fairly simple, volume moves (and predicts) price action. The current rally shows the following: Starting on the 11th, the C.M.F. (green), A.D.X. (yellow), and C.M.F. osc. (peach) showed volume coinciding with the price rally, however yesterday we began to show a decline in overall buying power. We have hit the daily Kijun-sen (Base Line in pink) and...
Hello Guys, Here is another TA for LTCUSD. This time i used TD Sequential indicator which indicates us as to where to buy and where to sell. In the above Chart, a series of nine candles where each close higher/lower than its 4th predecessor candle’s close value. we can see the previous trend finished at candle # 9 and it appears that the new trend starts from...
As I said yesterday, bears want to see trading below 6400. Timeframe is closing for bulls to act. Lots of people trading Demark these days, Counts have given a short entry yesterday and a double down today... so, thats bear af... good luck happy trading!