damoredoo

damoredoo

Construction of Graph: - 4 Fibonacci Retracements have constructed the blue box ranging from 12652 - 10307 (Uppermost 50% level - Lowermost 50% level) - Pitchfork tool for a long term trend with 4 channels - Triangle for most recent downtrend - Bollinger Bands for volatility and 2.5 standard deviation range Findings: - An important level of support exists in the...

damoredoo

1-Day Cloud Indicators Cloud - Confirmed Kumo breakout. A matter of time before bull clouds form in the horizon Tenkan - Bull cross prior to Kumo entry. Still in bullish position. MACD - Healthy Stoch - Showing a bit overbought, but should be able to sustain due to OBV OBV - Upward trending volume can support the overbought position in RSI /...

damoredoo

1-Day Cloud Indicators Cloud - Kumo breakout! Doesn't get much sweeter than that... Oh wait it does. See below Tenkan - Fast moving average has maintained a healthy marriage near the Kijun. Shows so signs of a downturn. Kijun - Following its mate (Tenkan) nicely. No issues here Price - Dancing wonderfully above the Tenkan and Kijun. Recent bullish rejection...

damoredoo

1-Day Cloud Indicators Price Action - Bear cross into slow moving average MACD - Fast moving average showing no signs of bullish cross anytime soon Stoch - Bearish cross with no signs of recovering just yet. Nearing oversold territory. Yes, could be a good time to buy, but no - I believe its a sustainable dump OBV - Flat. Trend cannot be identified at this...

damoredoo

1-Day Cloud and Indicators: Cloud - We see an upcoming bull cloud on the horizon, but my question is will it be able to stay above the cloud until then. Tenkan - We see a downward positioning for the fast moving average here. Kijun - The slow moving average is steadily coasting into the cloud. The Kijun and cloud are the main areas of support for price....

damoredoo

With a burst of volume, the 1 day chart could have turned the possible "M" into a "W" *Red line would have been the "M" *Green line can be the "W" If the price can rebound now or at the SMA middle point of the BBands, should be good to go. Setting stop loss below the SMA of the BBs

damoredoo

1-Day Indicators / Oscillators: Tenkan-San - Loading the guns here. Tenkan line is position to make a push up into the Kijun and through the thin cloud (preparing bull) Price - Price has crossed from below to above the Kijun (bull) MACD - Bullish twist with fast moving average crossing from below to above the slow moving average (bull) Stoch - Would like...