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ADX

ADX | Gunbot trading strategyThis is an example of Gunbot trading with the ADX strategy. Gunbot is a multi platform crypto trading bot. About this strategy This strategy is based on ADX , enabling Gunbot to buy when prices are moving up and ADX indicates a strong uptrend. Sell orders are placed when prices move down and a strong downtrend is measured. Settings used This example uses the "pure" version of the ADX strategy, meaning both the buy method and sell method are set to use ADX . No additional confirming indicators are used. The following relevant settings were used, all other settings were set to the defaults: PERIOD: 15 DI_PERIOD: 14 ADX_LEVEL: 50 Full disclosure I am the author the Gunbot wiki. This content is only meant as educational material to show an example of how Gunbot can be used, disclosing the full strategy settings used. Disclaimer: While every effort has been made to ensure these simulations of Gunbot contain the same logic as Gunbot, they will not always buy or sell at the exact same time or prices as Gunbot (because of TradingView's inability to use ticker prices). This is close as you can get in TradingView to the real thing. Backtesting the past does NOT guarantee profit in the present or future. Please don't use these exemplary settings without doing your own research. Results can vary depending on the chosen market and it's conditions.
Education
by gunbotcom
ADX / BTC analyticsThe project to create a decentralized blockchain platform, uniting the interests of advertisers and publishers, bypassing intermediaries. An easily scalable idea, but needs to be worked out. At the end of July, the AdEx project’s token added in the UBCI advertising industry index and the trade volume has grown many times, remaining up to this day. At the same time, the asset continued to fall along with the market and update the bottoms. So, on September 12, the price reached 0.00002319, against the market has already started to gain momentum and grow. Technical analysis does not work at the token’s chart. Inside platform payments only with it's own tokens occur, then the assets are frozen until the completion of the contracts, which can be quite long. During the day, volatility reaches 3-10%, while there are trades with large volumes periodically. Note that by increasing volumes, volatility is also growing. When opening intraday position, be sure to set stop-losses. The character of trades on this asset is rather applied in fact, tokens are purchased for operating activities. Not suitable for speculative operations. There may be good prospects in the long term, but you should wait for the release of the commercial version of the platform.
by ZOGRAS
$ADX 's Price is Suppose to Enter My Juicy Buy ZoneAt least is on advertising business. This token almost having 3/4 of it's total supply in circulating. Has been listed on Bittrex, Binance and Upbit will quite giving a lot of exposure on this project. Technical parts: 1. As I draw the Elliot Wave it looks like it pretty much at the final of it and look for retrace ment. 2. The first bottom target which is 2711 sats was quite strong for a couple of bounce. Which i can tell, if it should be retraced then it should bounce from that level. 3. The same pattern as before, you can see it breached the box. 4. RSI level heading south, an additional bearish bias. My next target of ADX sell order should be around 3919 sats and above, on this case, we're at least in mini alt season or ADX listed on big exchanges like Bithumb. Boom. Safe Trade!
Short
by blockchaindedi
15
Careful with LTCWatch for a test of the trend line drawn on the chart. As price recently made a new high it made it on a divergence against the RSI. This is a bearish signal that should continue to drop the price this week. Also, trend momentum has been losing strength based on a falling ADX. If momentum for the bears builds strength as the trend line is tested, be careful of a re-test of the previous low, or even a new low could be imminent (arrows on chart). Questions let me know.
COINBASE:LTCUSDShort
by CryptoMarket360
TSLA Short Term Day Trade Opportunity for Tomorrow, September 25-Tesla stock movement has consolidated into a symmetrical triangle pattern. -RSI is not yet in overbought territory. This allows room for upward growth. -ADX and DI indicators are showing a slight crossover, meaning that Bulls are gaining traction over Bears which is a Bullish signal. -TSLA is moving in an Upward Trend Channel Long Strategy- if Upper Resistance of Triangle is Broken: Buy: $297-$298 Take Profit: at next resistance ($305) Estimated Profit: 1.67-2.3%
NASDAQ:TSLALong
by AidanMDang
EOS posting another range-bound weekSame old Same old… not much change on this chart at all. This market busted through a near-term dotted trend line to the upside, but the needed momentum to back it up has dried up. The Average Directional Index (ADX) line was trying to turn higher to show some trend strength building, but has fizzled out a bit. The directional index lines are all knotted up and on low momentum… a range-bound week ahead. A signal for more range-bound trading within support 1 and resistance 1. Weekly S/R Critical Resistance: $7.360 Key Resistance: $5.650 Key Support: $4.620 Critical Support: $4.163
BITFINEX:EOSUSD
by CryptoMarket360
3
BTC paints a bullish correction in an overall bearish market!After the market tried to rally but stalled into previous 61.8% resistance ($7,402), the market was starting to give a signal that this was a bullish correction in an overall bearish market. At the previous high ($7,402) the ADX indicator crossed to show the bears taking control of the near-term trend. The market stalled on a lack of buying interest at this level. At the same time, the Relative Strength Index (RSI) was trying to break out of a red bearish zone I follow. With the hold at the top of the red bearish zone level on the indicator, this solidified the latest rally attempt as a bullish correction in an overall bearish market. There was no crossover of the directional index lines plotted along with the ADX. The market stalled into selling interest at an early Fibonacci resistance level. The RSI has maintained a level inside the red bearish zone. These three indications working together paints a picture for a move back to previous support level lows. Critical Resistance: $6,911.06 Key Resistance: $6,607.44 Key Support: $6,419.61 Critical Support: $6,116.00 Any questions let me know. I would also love to hear your thoughts.
COINBASE:BTCUSDShort
by CryptoMarket360
#FibonacciFriday celebrates with a bearish sentiment in BTCUSDWith price finding early selling interest at a low Fibonacci retracement level ratio and the red negative directional index line not crossing down through the positive directional index line, look for selling interest to remain here with the previous low as a target for a test of support once again. Despite the latest move up recently, the bears maintain control. Not enough bullish signals for me to go long just yet. Happy trading!
BITFINEX:BTCUSD
by CryptoMarket360
Stellar seeks out previous lowPrice tested the 61.8% Fibonacci resistance level a couple of times and was held off by selling interest. This line became a key area of selling interest, and should remain strong going forward. now becomes critical resistance moving forward. Momentum for trend is starting to kick in gear for the bears. The Average Directional Index (ADX) line is increasing at the same time the red negative directional index is staying elevated. The bears started to take control right at the time the dotted trend line was busted to the downside. Internal strength for a bearish trend has continued to increase since. The price move below the 61.8% Fibonacci level has made the golden ratio critical resistance going forward. This move sets up a full retracement target to the previous low before strong long-term buying is likely to return. Also, the trend line break objective, marked with arrows, matches up nicely with the full retracement level. This creates a spot where buyers are likely to set up camp to build a new long-term floor in the market. Staying on the sidelines for now waiting for the previous low area to hit. Critical Resistance: $0.2404 Key Resistance: $0.2130 Key Support: $0.1802 Critical Support: $0.1710
BITFINEX:XLMUSD
by CryptoMarket360
2
XRP seeking new buying floorMomentum for trend has kicked back in gear for the bears. The Average Directional Index (ADX) line is increasing at the same time the red negative directional index is staying elevated. The bears started to take control right at the time the trend line A was busted to the downside. The blue highlighted squares mark the trend line break and the crossing of the directional index lines to favor the bears. Internal strength for a bearish trend has increased since. The price move below the blue 61.8% Fibonacci level has made the golden ratio critical resistance going forward. This move sets up a full retracement target to the previous low before strong buying is likely to return. Also, the trend line break objective, marked with arrows, is slightly lower than the full retracement. This creates a zone where buyers are likely to set up camp to build a new floor in the market. Happy trading.. Staying short or on the sidelines for now waiting for the zone to hit. Critical Resistance: $0.30588 Key Resistance: $0.29529 Key Support: $0.26698 Critical Support: $0.24653
BITFINEX:XRPUSD
by CryptoMarket360
ETH still favoring the bearsSupport and resistance can be found in this blue wedge type pattern as price falls. The previous historical low around $198 has been breached to the downside, which brings in the next area of support around $175 (a significant low from last year). The validated break below the blue 61.8% sets up a full retracement opportunity near $138. Sentiment remains bearish this week ad the internal momentum gains strength. The ADX, which measure trend strength is increasing along with an elevated red negative directional index. Look for a flat to lower ETH market this week. Critical Resistance: $255.00 Key Resistance: $236.49 Key Support: $175.00 Critical Support: $127.83
BITFINEX:ETHUSDShort
by CryptoMarket360
3
BTC still shows a flat to lower market this weekThe 61.8% level marked on the chart was once support (area of buying interest), but now is resistance (area of selling interest). This retracement level is actually critical resistance this week that needs price to bust to the upside with some buying momentum to back it up. This is what is needed to get BTC out of the sideways to lower pattern that has formed. Sentiment is leaning toward a “sell any rally attempt” mentality. The ADX, which measures trend momentum is increasing with the red negative directional index line still in control. This highlights a triangle pattern where price is likely to travel this week. The previous low is the target around $5858 and could even slipp lower toward the $5400 mark. This bearish call for the week would be negated on a break of the 61.8% level to the upside (with momentum indication to back it up). Happy Trading! Critical Resistance: $6,458.60 Key Resistance: $6,375.00 Key Support: $6,119.00 Critical Support: $5,858.60 Want to talk technical.. come see me at the Cryptomarket360 Discord channel.
BITFINEX:BTCUSDShort
by CryptoMarket360
USD Strong on Geopolitical FactorsThe US dollar has been a bit volatile over the past several weeks owing to mixed signals over the trade war, an ongoing spat between Trump and the Fed over the trajectory of interest rate hikes, and the ongoing NAFTA saga. Although the technicals for USDJPY seem to be bearish at the moment, we don't have a lot of conviction. The current price of USDJPY is 111.09. We will find resistance from levels from above including: 111.84 from highs and lows over the past 14 periods 112.16 from highs and lows over the past 30 periods 113.14 from highs and lows We will find support from levels from below including the following: 109.80 from highs and lows over the past 14 periods 109.25 from highs and lows As for Technical Analysis we have the following. Volatility is much lower than usual, anticipate a breakout soon. The RSI is 50, which suggests that we are in a bear trend, but not oversold. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. USDJPY is under the 50 period SMA, which is currently at 111.18, indicating bearishness. The ADX does not indicate a trend, i.e. we are ranging. We are above the central moving average of the Kovach Reversals Indicator at 111.01, and fairly close to it. If we can gain some momentum, the upper bound of the KRI indicator at 111.87 will provide resistance. Daily scores: Bull Score: 1 Bear Score: 2 Ranging Score: 2 USDJPY intraday seems to be poised for a bull breakout. There is a bull wedge forming on 15 minute candles and the Kovach OBV is strong. We will find resistance from levels from above including the following: 111.54 from highs and lows over the past 14 periods 111.84 from highs and lows over the past 100 periods Levels from below will provide support, including: 110.94 from highs and lows over the past 30 periods 110.70 from highs and lows over the past 100 periods As for Technical Analysis we have the following. Volatility is much higher than usual. We should expect some consolidation at some point. The RSI is 62, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. USDJPY intraday is above the 50 period SMA, indicating a bull trend. Furthermore, We are well above the 100 period SMA, which suggests that we are overbought. Finally, the 50 period SMA is even with the 100 period SMA, indicating longer term ranging. The ADX indicator is bullish. Currently, USDJPY intraday is above the central moving average of the Kovach Reversals Indicator, which sits at about 111.29. However, it is getting closer to the upper bound of this indicator at 111.59, which will provide resistance. Intraday Scores:Bull Score: 6 Bear Score: 0 Ranging Score: 1
Long
by quantguy