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ADX

S&P500 Below 100-Week AverageThe S&P 500 crossed below the 100-week price average at $3,995 today which is the first cross below the 100-week average since May 11th, 2020. The 100-week average acted as temporary support last week, but buyers were unable to hold that level on the first day of trading this week. In the last S&P 500 update shared back on March 6th price was trading near $4,260, rallied for two weeks afterward to near $4,600, stalled out, and has now fallen roughly -6% from the March 6th update price level to $3,995 today. Much like when price failed to hold above the 50-week average and a move to the 100-week was anticipated back on March 6th, now that price is crossing below the 100-week average rather than holding above it we can anticipate a potential move down to test the 200-week price average near $3,500 which is roughly -13% lower than todays close at $3,995. The PPO indicator is showing bearish price momentum with the green PPO line trending below the purple signal line, with both lines trending down and below the horizontal 0 level. As long as both lines are trending below the 0 level the short-term momentum for the SP500 will remain bearish. The ADX indicator shows the purple DI line rising and above the green DI line which indicates a short-term bearish trend behind price. The purple histogram behind the DI lines is rising which indicates increasing strength in the bearish trend behind price. The TDI indicator shows the green RSI line trending below the 40 level, currently at 32, which indicates bearish momentum behind price. The green RSI line is also crossing below the lower, purple Bollinger Band which indicates bearish momentum volatility behind price. Overall, the S&P 500 remains bearish with price crossing below the 100-week average and lower indicators all reading bearish trend and momentum behind price. Main thing to watch for now is whether or not this week closes below the 100-week average or $4,000 level, both are technical and psychological levels of interest. The last two times price closed below the 100-week average were in December 2018 and March 2020, both of which saw eventual moves in price down to test the 200-week average as is anticipated after todays dip below the 100-week average. -2018 saw a -21% decline from peak to bottom. -2020 saw a -36% decline from peak to bottom. -Price is currently -17% below the 2021 peak near $4,800.
CME_MINI:ES1!Short
by PrepForProfit
LUNA time to correct after 50% pump? LUNA jumped 50% after the bullish Supertrend Ninja - Clean signal on the 24th Febr (green vertical line on the background). It hasn't made a large correction since. Since the listing on Binance in 2020. The Supertrend Ninja - Clean gave 1 bullish signal (+6247% gains). In 2021 it gave 4 bullish signals, with 2 big bullruns (580% and 90%). In 2022 it gave 1 bullish signal (50%). On 13th April 2022 it signalled a bearish Supertrend Ninja signal. While the price moved the opposite direction soon after. It can still go downwards from my experience. Let's have a look at the other indicators. The Stoch RSI is in oversold levels, pointing downwards. LUNA is still in the Bullish Zone of the Ichimoku Cloud. The RSI is range bound at 50 (40-60). If we take a look at the Average Directional Index ( ADX DI) its still bullish. The +DI (Green Line) is still above the the -DI (Red Line). While the Trend Strength is becoming weak. Since the ADX (Orange Line) is below its 9 Period EMA (Black Line). Currently LUNA is also below its Bollinger Bands Middle, Band Basis 20 Period SMA and the Least Squares Moving Average ( LSMA ). Which also signifies a possible downtrend. Going down here, the next support is at 78.85 USDT. Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Use: In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
by Kch28
Bitcoin Is About To Pump! Here are my targetsBitcoin has been in a bearish downtrend for quite some time. Looking at the chart, I want to show you some bullish signs that are starting to appear Bitcoin might head upwards again. 1. MACD is about to cross signal line. 2. RSI is showing bullish divergence. 3. ADX is about to cross lower band. 4. Bitcoin is at a major support line. (bottom blue line on chart) Swing traders can expect Bitcoin to reach first target of 44k zone. There is a possibility of us hitting second target near 52k zone but economy is very bad so be cautious on second target.
Long
by Trebor_Namor
2
Trade MACD Multi Time FrameMaking a trade plane using MACD Multi Time Frame. Chart & Indicator : 1. Heikin Aishi Candle 2. Current Chart MACD 3. Higher TF MACD 4. ADX Steps : 1. Look at Higher TF MACD Direction 2. Check if lower TF MACD is aligned 3. Check if ADX / trend's strength 4. Set a limit position, wait for the price to break support. 5. Set SL in previous high. Set TP accordingly: using Fibonacci or previous zone as a target. This is only for educational purposes. Do your own research accordingly.
Education
by Phoenix-Rise-Trade
SP500 Heading Down to 100-Week AverageThe SP500 is in a downtrend on a weekly basis as price continues to trend below the 50-week price average. Almost every time that the 50-week average fails to act as support, price falls to the 100-week average which currently rests near $3920, or roughly -8% lower than current price at $4260. Should that fail, the 200-week average would be the next area to look for potential support which is -20% from current price. All lower indicators are pointing toward more downside as all are indicating bearish trend and momentum behind price. I've been short the major averages since January when I sold all of my stocks other than gold/silver, uranium and steel related holdings. No plans to sell my shorts or commodities as long as the SP500 is looking like this bearish. I feel that the geopolitical risk of Russia invading Ukraine has not been totally priced into markets, especially with the US now seizing assets of Russian oligarchs, shutting them off from the US Dollar, and talk of halting oil imports from Russia. Desperate countries do desperate things when pushed into a corner, and Russia is most certainly in a corner with no plans to back down. Good luck out there traders.
CME_MINI:ES1!Short
by PrepForProfit
Gold Loves Geopolitical RiskPutin sent "peace-keeping" troops into Ukraine today after declaring Donetsk and Lugansk as independent. Watching for a move in gold above $1917 for the precious metal party to really get going on the heels of geopolitical risk. We also still have record inflation and monetary tightening by the Federal Reserve planned to start in March which could lead to risk-off in markets and should bode well for gold as investors seek safety. Price trend and lower indicators for gold are all pointing to higher prices from here. Stay long, stay strong and keep stacking gold and silver.
TVC:GOLDLong
by PrepForProfit
ADXUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. There is the R1 line which is a resistance line. You can see the price accumulation below that line. If the line is broken, the price can go up to R2 and then R3. It is also possible for the price to come down to the S1 zone and then go up to the R2 zone after breaking the R1 line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
MicroStrategy testing FibonacciWe can see a high correlation between the company and BTC since the pandemic. Looking at the monthly chart, the fact is that the price is now in an important Fibonacci region at 50%. On the 1-hour chart, on the ADX indicator, we can see a decrease in the selling force (red arrows), and an increase in the buying force (green arrows), forming a kind of symmetrical triangle, signaling a temporary indefiniteness. I'm waiting in the cabin to see what happens.
NASDAQ:MSTR
by andre_007
Short TheKing ? - ADX was always a strong indicator about Trends movements and strength, so read carefully the graph, this is a 2 Week view, in comments i will post 1 Month view. - Just Check ADX Overbought Zone and you will understand, for now, i can tell you that 82% of retailers are shorting TheKing and believe it will crash. - That said i can tell you that 86% of institutional investors and assets managers are Long on BTC. - So what i want to explain clearly is : - Whales are just waiting for a big dip to buy your Bitcoins, they always cumulate BTC, they move them out from exchanges and keep in their wallets. no matter if BTC falls to 1000$, they will buy more. - TheKing is still Alive because Whales never dropped their BTC, they dropped a bit for living, but this new nerd generation understood about the meaning of freedom in the "Satoshi Whitepaper". - Most of the Whales are not driving a Lambo but drive a small car, they fly coach, they visit the planet, and they go supermarket like you and me. - Retailers try to win money in the Both Ways because they are just greedy, Long and Short BTC, the problem is when you Short BTC you don't have your coins... you have your "Short Contract" (x2 at least). - When you are shorting a disinflation technology, it means you are fighting with something made for a best future, less poverty, more equitability, better world for your family. - When you are shorting BTC you are taking the risk that the exchange you are using close or get a hack, you cannot move a contract in an hardcore Wallet, but if you buy BTC, you can move coins in your Ledger. - When you are shorting BTC, you own nothing. Not your coins. Not your Key. just the wind. - i hope this makes some people's open eyes about a greedy financial system. - Believe in TheKing! Happy Tr4ding !
BITFINEX:BTCUSDSHORTSLong
by thecryer
23
SHIBUSD 50sma ResistanceShiba Inu has failed to move above the 50sma after finding resistance at that level for the past week. Price risks falling back into the downtrend channel with a possible re-test of local lows near $0.00002826 which is roughly -18% from the current price of $0.00003560. Lower indicators are all showing bearish trend and momentum behind price in the short and intermediate-term. Should Bitcoin continue to show weakness, expect the rest of the altcoin market to follow suit.
FTX:SHIBUSDShort
by PrepForProfit
1
SPY Bearish Divergences w/ Potential Triple Top$SPY S&P500 ETF. SPY is currently hesitating near all-time highs which has led to a potential bearish triple top formation(upper red arrows) on the daily chart. As price has stayed relatively the same since early November, the lower indicators have all been declining(lower red arrows) which has created a bearish divergence. The lower indicators all show that the internals behind the recent rally in price from October to November have weakened, but have not flipped bearish yet. The PPO indicator shows the green PPO line trending below the purple signal line. This indicates a short-term loss of upward momentum in price. This indicator isn’t considered bearish until both the green and purple lines are below the 0 level. What we would need to see going forward in order for price to continue moving higher is for the green line to cross back above the purple and for both to continue moving higher. The ADX indicator shows the green DI and purple DI lines overlapping which means that the short-term trend in price has flatlined. When the green line is above the purple line the short-term trend in price is up, and when the purple line is above the green line the short-term trend is down. The histogram behind the DI lines is declining which indicates weakening trend strength. What we want to see here is for the green DI line to cross back above the purple DI line, and then for the histogram to begin rising which would indicate a short-term bull trend with increasing strength. The TDI indicator shows the green RSI line rolling over after finding resistance at the horizontal 60 level and the middle of the RSI Bollinger Bands. The intermediate momentum behind price can be considered bullish based on the fact that the RSI is above the horizontal 50 level and so is the center of the BBands. When both are below the 50 level the short and intermediate momentum in price can be considered bearish. What we want to see in this indicator is for the green RSI line to cross above the center of the BBands and then rise above the 60 level to give us a strong indication that the short-term and intermediate-term momentum behind price is bullish. Worth noting is that as price rose this week, volume declined. This indicates that less traders were in the market moving price back up to test the all-time high near $470 after the previous double top. Should price continue to hesitate and rollover over from here, local lows can be looked at for potential levels of support. The two most recent local lows to watch are at $450 and $425, those were the last two levels of demand prior to new all-time highs being made. If the market is still mostly bullish, those two levels will hold, with $425 being the critical level. #sp500 #spy #spx #stocks #equities #trading #investing #chart #analysis #technical #indicators #candlestickchart #pricepercentoscillator #ppo #averagedirectionalindex #adx #tdi #tradersdynamicindex #rsi #relativestrengthindex #trend #momentum #tradingview #price #etf #divergence #bearish #bearishdivergence
AMEX:SPY
by PrepForProfit
Bitcoin 1/hr Fib ConsolidationBitcoin 1/hr chart shows price trending between the 50% and 61.8% Fibonacci retracement levels in a tight $1,800 range. The fib levels are drawn from the recent peak at $57,670(100%) and $42,333(0%). What we’re looking for here is a price move above the 61.8% fib level at $51,811 if we want to see continue gains. Should price fail to hold support at the 50% fib level at $50,000, then we can start to look at possible points of support at the 38.2%, 23.6% and 0% fib levels. Price would technically still be in an uptrend, albeit under a period of consolidation, as long as the $40k level isn’t breached. Should price fall below $40k the trend would flip from a period of consolidation to a new bear trend. Lower indicators are looking favorable for bulls as they stand. The PPO indicator is showing both the green PPO line and purple signal line above the 0 level. In order for the uptrend in price to continue we need to see the green line cross back above the purple line and for both lines to move higher. That would indicate healthy bullish momentum behind price. The ADX indicator shows the purple DI line above the green DI line which indicates a bearish trend behind price. The lines appear to be on the verge of another crossover though which would put the green line back above the purple line and indicate that there is a positive trend behind price. The TDI indicator shows the green RSI line trending in the lower half of the purple BBands which indicates a negative trend for price in the short-term. The RSI line also recently attempted to cross above the 50 level, but rolled back over. Bitcoin needs to see an RSI reading above 50, and preferably 60, in order for momentum to be considered bullish. Overall, neutral on price until the more risk-tolerant traders move it one direction or another. Above the 61.8% fib at $52k and bulls will be in charge, below the 50% fib at $50k and bears will have the upper hand on price movement.
COINBASE:BTCUSD
by PrepForProfit
8