Breakout descendant channel with PA over EMAs. Indicators bullish:
1. MACD signal crossing ZERO
2. RSI breaking resistance trendline and over 50
3. Stoch crossed bullish
4. ADX sideways with DI+ dominating
Just my journey, not advice!
Great shorting trade opportunity after channel broken. No volume on the channel, I assume it was a continuation pattern. Also indicators:
1.- MACD crossing bearish again under ZERO.
2.- RSI under 50 and going downwards.
3.- STOCH far away from oversold
4.- ADX on sideways but DI- dominating and growing.
5.- PA under EMAs as a resistance.
ENTERING SHORT - JUST MY...
We know 4H is bearish, we can do a quick short because of indicators and PA:
1.- Candlesticks closing below EMAs
2.- VOlume and RSI divergences on double top
3.- MACD signal crossing ZERO LINE
4.- ADX DI- dominating
5.- Stoch crossing bearish and far away from oversold.
After BTC found kind of support, some alts could move upwards. HOT is planning going inside this ascendant channel, after breaking EMAs. Lets see the indicators:
1.- MACD signal crossing ZERO line.
2.- ADX entering again to trendy area with DI+ dominating.
3.- RSI over 50
4.- Stoch crossing bullish.
5.- Volume entering after finding support.
Not advice, just my journey!
ICXBTC PA is trying to keep insider the ascendant channel. Most of the daily indicators tell me that continuation of the trend is mandatory. However, 4H, 12H and some indicators give info about a last up till middle line of the channel before breaking the chanel itself.
Red rectangle is a confluence:
- Middle point of channel.
- 0.5-0.618 fib level (not in the...
As you can see at the chart, there's a clear symmetrical triangle happening. You need to know that symmetrical is the triangle that most frequently represent reversals. It's true that triangles are usual a continuation pattern, but in this case the TA set up for a reversal is so good:
1.- RSI over 50 and support over there, no bearish signs.
2.- ADX-DI on trendy...
Beautiful resistance trendline breakout with volume. Look how EMAs try to cross bullish. We have all the indicators on daily on the bullish side:
- MACD signal line crossing ZERO upwards.
- RSI over 50 after a long time. Now we look to RSI instead of stoch, because ADX is on trendy side.
- ADX DI+ is dominating in an bullish trendy way.
We have our green...
Look how the channel has been broken with volume and:
- EMAS below the price, now should act as support.
- MACD crossing zero line bullish
- RSI on the bullish part (over 50).
- STOCH (used because ADX is on sideways): CAREFUL, could be a retracement to the EMAs before continue the trend
- CMF oscillator above zero line, but not significant still.
Symmetrical triangle on play, with a good bullish set up:
1.- CMF oscillator crossed zero line with strength, which is a bullish indicator.
2.- ADX-DI trendy bullish, so we need to look at RSI
3.- RSI growing and supported on 50 line.
4.- EMA 21 beaten again, attacking 55EMA (which was a good resistance on previous peaks).
5.- Our loved MACD signal crossed zero...
Bulls tried to put LTCBTC PA above 21 twice since september bounce. Not only has been impossible but also bear signals are around again:
1.- MACD signal is still below zero line, and bearish crossover just happened.
2.- ADX-DI is on "sideways" area, but DI- is dominating DI+
3.- Stoch, which is the indicator i use on sideways movement, is not on oversold territory...
Lets see how confluence works:
EOSUSDT trend is bearish on D and 12H. On 4H we are having some kind of bounce or consolidation bear flag. We know this channel is going to broke downwards, at least the market in general push bulls and invalidate TA. If nothing extraordinary happens, this is going to be a continuation pattern.
I see two possibilities:
TRXBTC on daily made HH and HL, and now should find support on 0.236 fib (0.5-0.618 fib from last low to peak) before testing higher resistances around 0.618 fibo, where there's a good S/R level.
When bull volume appears or bear volume disappears, I will go long expecting good earnings. Is on my radar. Lets see how develops
Good reversal set up drawing an ascendant triangle. Surely going sideways before breaking upwards.
MACD is on bullish side recently crossed zero line
RSI is over 50 after supporting on that level, that usually means RSI is on bullish side.
CMF oscillator crossing zero line with strength since lot time ago
PA breaking 55EMA (not happening sice FEB19) and looking...
As you can see EOSBTC has been going sideways lately, with a last peak with volume. Now volume is still and that should ring a bell in our bullish minds.
MACD signal crossed zero line signaling bullish trend.
ADX is telling us there's still no trend in PA but DI+ is over DI- so there's a probability a new bullish trend start if volume comes. As you know, when...
This is a strategy that is very simple.
We know MACD signal line over zero line indicates bullish o longing area. Below zero line is bearish o shorting area.
In this chart i show example of entries and exits with very good results:
- At the time when signal line crosses over 0, we enter long position. We are going to exit when MACD crosses below signal. We...
Defining as the majority of traders the las pattern as a descendant triangle, is typical the pullback to the neckline after breaking it.
If you see 233EMA on 12Hchart in the past, has been a strong accurate indicator of S/R. Is beautiful how now there's a confluence:
- Support (now resistance) of the descendant triangle
- 233EMA acting as a resistance.
21EMA on 15D chart has been crucial in the past acting as a support on bull cycle and acting as a resistance. Now we are testing it as a support for the first time since last bull run from 3K.
If Bulls can't achieve using it as a support, and lose 8K, next strong support is on 144EMA that acted as a new perfect support on 3K. Is beautiful how would be the...
As you can see on chart, XRPBTC has made a very strong triple bullish divergence RSI-PA on oversold territory, with a good volume pattern for bulls.
PA is showing a 21EMA resistance broken, and last candle has supported on it. Not happening since last bull run.
Indicators showing also a good set up for bulls:
- RSI going above 50 line
- CMF oscillator crossed...