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ADX

Verge (XVGBTC) wave analysis: 4hr tfPrice action from ~0.00001419 on April 17, 2018 till present date is identified in this analysis as an ongoing corrective (3 wave) move for Verge (XVGBTC) that not yet complete. The downtrend is described here as a possible zigzag Elliott wave structure. A minute wave ((c)) of the structure (last leg) that is currently ongoing should see the price of XVGBTC further decline. The earliest price target for XVGBTC based on the zigzag structure for minute wave ((c)) is ~0.00000524 or 0.00000281 at which point minute wave ((c)) would = 100% minute wave ((a)). Any upward move in the price of Verge (XVGBTC) should find resistance at the target area shown on the chart (between ~0.000000836 and 0.000000765). The ADX as shown here with a negative slope indicates a consolidation or sidetrend in Verge (XVGBTC). Patience is therefore required to see how price action further transpires as opposed to selling immediately. The point of invalidation (POI) for this analysis is a price close above ~0.00000951, which is just above the high of price on May 3, 2018 at ~ 0.000000945.
Short
by Coin_Analyst
ADX uptrend: Short term tradeNote: Do you like this trade? Please give it a thumbs up! I would love to know if it was useful for you! If you can do so, I am thanking you in advance! Looking at ADX, we see that it bounced earlier at (0.0000)5857, and it is in an uptrend since then. We see it traces higher lows and higher highs from there. After the strong spike upwards, it retraced and a local support formed at 6318. From there it went up again and I draw a local resistance line at the height of the local swing high @ 6500. MACD-H is a little bit neutral, showing the result of the consolidation after the large green bars, but it seems to move upward again. ADX is going strong, and this is a good sign. RSI is also tracing higher levels, we’re even a bit overbought right now, but there is room for being overbought if thet rend continues. The impulse system allows us to buy, as both MACD-H and EMA are up. When the local resistance @ 6500 is broken, we could buy in. Place a buy order above 6510 would be a solid to do. Alternative entry with higher risk: As I have seen the resistance was broken and the indicators are strong as indicated above, I decided to buy below the local resistance on a shorter timeframe. I suspected it would dip below the fast EMA, somewhere in between the value zone between the fast and slow EMA on a 5m timeframe. My entry was at 6481, but It was getting even lower. I was again The arrow shows it dipped below the fast EMA before, and I expected it do so so again. The Stoploss is set somewhat below the local support line. It’s a short term trade, and if we break this support, the trade setup becomes invalid. The proit target 2 is the aim, and when we’ve broken the resistance fully, the stoploss will be raised to right below this new support level. Risk Reward Ratio: Entry level: 0.00006510 profit target 1: 0.00006626 profit target 2: 0.00007041 Stop Loss: 0.00006300 R/R ratio: 1: 2.5
Long
by Tornado_Trading
Ripple XRPUSD trendlines and their implicationA huge part of my work involves using a trendline(s) as it is the most powerful chart pattern and also because of how useful it is in analyzing charts. The trendlines for Ripple (XRPUSD) as marked on its Daily timeframe are numbered 1-4. Number 5 is the ADX (average directional index). An explanation of each is summarized below as it applies to Ripple (XRPUSD). (1) This is the main bearish trendline for Ripple (XRPUSD) that is currently active. It is safer to take a bullish position on a break out to the upside that is confirmed by momentum. (2) This is the main bullish trendline that has been active for Ripple (XRPUSD) since September 15, 2018. A break to the downside of this trendline could trigger a selloff in Ripple (XRPUSD). (3) Support region for Ripple (XRPUSD) between ~$0.46 and $0.39. This support region (light blue color) is expected to offer bulls the opportunity to enter a long (buy) position. It is also interesting to notice that the support region does intersect the main bullish trendline . This increases the chance that Ripple (XRPUSD) might actually find support between ~$0.46 and $0.39. (4) The previous bearish trendline for Ripple (XRPUSD) that was broken to the upside on April 11, 2018 indicated on the chart with dotted red lines. (5) ADX (average directional index) as shown here at the time of this post does indicate that bears have the upper hand. This is indicated by the –DI (red color) line currently above the +DI line (green color) with the ADX line (black color) having a positive rising slope. More information on my work and is available by joining our Premium Research and analysis group:
BITFINEX:XRPUSD
by Coin_Analyst
ADX is still correcting...but a breakout will hit soon.As you can see BINANCE:ADXBTC is maintaining a falling wedge. Im thinking a 5th wave is about to happen, which "shouldnt" break this strong resistance shown. If a breakout happens to this falling wedge we might see some good realistic profits between 10~40%. Best case scenario is hitting +20k which should be at least +140%. Buy 8050~8300 (average 8175) Sell (Short) T1: 9100 T2: 9800 T3: 10400 Sell (Medium/Long) T1: 11700 T2: 12300 T3: 13250 T4: +20000 Dont forget to do your own analysis. Im a financial advisor.
by moking01
Breakout of bear channel for Cardano (ADABTC): 4hr tf analysisMy previous post on Cardano (ADABTC) mentioning its change from a bull to a bear channel can be found here: Cardano (ADABTC) instead of moving to reach the bottom of the bearish channel at ~0.00002514 is holding around the region of previous support (dotted blue lines) that was the support for Cardano (ADABTC) from a couple of weeks ago. A price break out of the bearish channel on May 16, 2018 implies a potential upside for Cardano (ADABTC). However based on the current sidetrending price action that saw Cardano (ADABTC) close below its breakout of the bearish channel, it is better to be patient to see how price action further transpires before attempting a bullish trade. The ADX as shown in this analysis has a negative slope further confirming the trendless scenario of price action for Cardano (ADABTC). The point of entry i.e. POE 1 and POE 2 from last week’s post as still favored in this analysis as good entry points for a long (buy) position for Cardano (ADABTC). POE 2 is a more conservative point of entry into a long (buy) position than POE 1. Either point of entry ensures that one is to attempting to pick a price bottom in Cardano (ADABTC) which can be a tougher challenge. Support indicated by the horizontal green lines from last week’s post still stand and is expected to offer support should Cardano (ADABTC) resume a bearish swing.
by Coin_Analyst
SIACOIN CRYPTO STRATEGYSiacoin is a cryptocurrency that is based on sharing hard drive space. In essence, Siacoin provides new opportunities for everyone to deposit files much like Dropbox can store files (video, images, and documents) on the SIA network. The advantages of Siacoin are that it uses a decentralized user-contributed sharing economy where you can essentially cut the cost of storing files online. So, to purchase storage capacity, you can just use Siacoin tokens, and you can share your unused hard drive space. Cryptocurrency Siacoin is currently the 34th most valuable cryptocurrency with more than $750 million in market capital. Current market Siacoin price is a steal at $0.021 per coin value. Tradingview Indicator DMI includes ADX The ADX indicator doesn’t tell us whether the market is going up or down, it only measures the strength of the trend. To determine whether the trend is up or down we’re going to use the Plus Directional Index (+DI) and the Minus Directional Index (-DI). Step #1: The ADX indicator needs to be higher than 30. The first rule needs the strength trend indicator to show a reading greater than 30. This is the first signal that we’re about to enter into a trending period and, it is a useful information because we don’t want to enter into a market that’s not in a trend condition. The ADX indicator will be raising in a strong bullish trend and the higher it moves the stronger the trend becomes. Step #2: The DI indicator needs to show the +DI line above the –DI line. The directional movement indicator gives us the direction of the Siacoin trend. The blue line is the positive DI, while the yellow line is the negative DI. When the +DI line is above the –DI line that’s a sign of a bullish trend. When the +DI line holds above the –DI and if they are also really spread apart, it signals the presence of a strong bullish trend. So, the reading of the DI indicator also matters, because the higher the +DI line is, the stronger the trend will be. Basically, the strength of the trend is checked twice, first with the ADX indicator and then secondly, with the DMI indicator. Step #3: How to Buy Siacoin: Buy at the opening of the next candle once the two trading conditions are met. A buy stop is placed at the opening of the next candle after the first two conditions are satisfied. Most often when the ADX indicator shows a reading above the 30 level, the directional index will already show a positive trend, so we need to get ready to buy Siacoin straightaway. Step #4: Place protective Stop Loss below the most recent swing low The protective stop loss should be placed below the most recent swing low point. If you’re having problems identifying swing market low points simply check when the ADX indicator bottomed. Usually, the ADX indicator offers a much clearer view of the market swing points. Step #5: Take Profit when the +DI line crosses below the –DI line When the DMI indicator crosses in the opposite direction, we know the trend is turning bearish and we want to take profits on our Siacoin trade. The DMI indicator is a great tool to be used for profitable trading because it provides you with fantastic exit points. I offered 3 different exit points. 1st 1.5 to 1 risk ratio, 2nd 10 candle new low, 3rd +D1 cross below -D1
BITTREX:SCUSDLong
by Tradingstrategyguides
1
ADXBTC Bittrex 4H up to 26APR18 Trading Analysis (TA)ADXBTC Bittrex 4H up to 26APR18 4H Chart, also works in 1H, at this time the ADEX (ADX) has been floating on SUPPORT ZONE 2 for a couple of days after RESISTANCE ZONE 1 became into SUPPORT; the 50,100,200 MA indicator already crossed and has been moving into an ascending pattern (Green Arrows), the RSI (Blue Arrow) is moving into an ascending pattern and the MACD is about to cross up (Black Checkmark), if this keeps this way will meet again RESISTANCE ZONE 2 to then move forward, but keep always in mind that also may go down. At this time the Market Cap in hovering the 399 Billions. Good Luck! 4H Chart, también funciona en 1H, en este momento el ADEX (ADX) ha estado flotando en SUPPORT ZONE 2 durante un par de días después de que RESISTANCE ZONE 1 se convirtió en SUPPORT; el indicador MA 50,100,200 ya cruzo y se ha movido hacia un patrón ascendente (Flechas verdes), el RSI (Flecha azul) se está moviendo en un patrón ascendente y el MACD está a punto de cruzar hacia arriba (Checkmark), si esto se mantiene de esta manera se encontrará nuevamente con la ZONA DE RESISTENCIA 2 para luego avanzar, pero tenga en cuenta que también puede bajar. En este momento, el Market Cap está rondando los 399 mil millones. ¡Buena suerte! "Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal" REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
Short
by rodulfox
3
ADXBTC Bittrex 4H up to 23APR18 Trading Analysis (TA)ADXBTC Bittrex 4H up to 23APR18 4H Chart, also works in 1H, at this time the ADEX (ADX) has been floating on SUPPORT ZONE 2 for a couple of days after RESISTANCE ZONE 1 became into SUPPORT; the 50,100,200 MA indicator already crossed and has been moving into an ascending pattern (Green Arrows), the RSI (Blue Arrow) is slightly moving into an horizontal pattern and the MACD even though is crossing down (Orange Alert) we need to keep our eyes open, if this keeps this way will meet again RESISTANCE ZONE 2 to then move forward, but keep always in mind that also may go down. At this time the Market Cap in hovering over the 401 Billions. Good Luck! 4H Chart, también funciona en 1H, en este momento el ADEX (ADX) ha estado flotando en SUPPORT ZONE 2 durante un par de días después de que RESISTANCE ZONE 1 se convirtió en SUPPORT; el indicador MA 50,100,200 ya cruzo y se ha movido hacia un patrón ascendente (Flechas verdes), el RSI (Flecha azul) se está moviendo ligeramente en un patrón horizontal y el MACD aunque está cruzando hacia abajo (Alerta naranja) necesitamos mantener nuestros ojos abiertos, si esto se mantiene de esta manera se encontrará nuevamente con la ZONA DE RESISTENCIA 2 para luego avanzar, pero tenga en cuenta que también puede bajar. En este momento, el Market Cap está rondando los 401 mil millones. ¡Buena suerte! "Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal" REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
Short
by rodulfox