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Bollingersband

TREX continues range-bound TREK The weekly chart for TREX shows that price appears to remain bounded by the upper band (red) and basis (white) of the Fibonacci Bollinger Bands as it has since the Great Recession. The price is looking ready for a bounce. The oscillators are too oversold on the monthly chart to support a high probability that TREX will drop sharply below the white level. Therefore this price area represents a rather low-risk buying setup. Not financial advice. As always anything can happen and trends can end.
NYSE:TREXLong
by SpyMasterTrades
2
ADA/USDA quick look at the ADA/USD 1 day chart: ADA is still below its Longterm upwards Pitchfork (Blue A,B,C) Median Line on this 1 day timeframe. ADA is also below its smaller descending Pitchfork (Black A,B,C) Median Line on this 1 day timeframe. ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 day timeframe. Note that the Lower Band is till pointing downwards and the Upper Band is now moving downwards. At the moment of typing this, ADA is trying to get back and stay above its Least Squares Moving Average (LSMA) on this 1 day timeframe. Note that ADA is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts entire Visible Range. Looking at this range gives us a sense of potential upcoming areas of previous volume interest that may offer good buying opportunities if ADA drops lower. ADA is also still under its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 11x Daily Candles that i have Selected. Looking at the Ichimoku Cloud with the 20,60,120,30 settings: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-point of the Short-term Momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-point of the Mid-term momentum is also sideways at the moment. The Ichimoku cloud Lagging Span (Chikou Span) is indicating that momentum is upwards at the moment for this 1 day candle. Note that The Lagging Span (Chikou Span) is still under the Price from 30 Periods ago. Note that both the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) are moving sideways at the moment indicating a decrease in volatility at the moment. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is strong with the ADX (Orange Line) at 40.249 and above its 9 Period EMA (Black Line) which is at 37.203. Negative momentum is still dominant with the -DI (Red Line) at 29.750 but note it has dropped from 37.0. Positive Momentum has increased slightly with the +DI (Green Line) rising to 10.83. Looking at the Moving Average Convergence Divergence (MACD), we can see that momentum is sideways with a slight upwards trajectory. Note that the MACD Lien (Blue Line) is still under its Signal Line (Orange Line) and still in the Negative Zone under the 0.0 Base Line on this 1 day timeframe. Potential areas of previous Volume interest to look out for if you want to go long on ADA if ADA drops further are potentially: $0.411 to $0.298, $0.179 - $0.128, $0.111 - $0.082, $0.049 - $0.033. Using the indicators on this chart, for confirmation of a renewed mid to longterm uptrend on this 1 day timeframe, we need to see: 1: ADA to successfully close a daily candle ABOVE its Bollinger Bands Middle Band Basis 20 Period SMA and stay above it. 2: ADA to successfully close a daily candle ABOVE its Least Squares Moving Average (LSMA) and stay above it. 3: ADA to cross back into the Bullish Zone of the Ichimoku Cloud and for the Leading Span A (Senkou Span A) to cross back ABOVE the Leading Span B (Senkou Span B) creating a Kumo (Cloud) Twist creating a new Bullish Green Cloud for this 1 day timeframe. 4: The Ichimoku Cloud Lagging Span (Chikou Span) to cross back ABOVE the Price from 30 Periods ago and stay above the price below it. 5: The +DI (Green Line) to cross back ABOVE the -DI (Red Line) on the Average Directional Index (ADX DI) 6: the MACD Line (Blue Line to cross back ABOVE its Signal Line (Orange Line) and back ABOVE the 0.0 Base Line into the Positive Zone on this 1 day timeframe. 7: ADA to cross back ABOVE both Pitchfork Median Lines especially the Longterm upwards Pitchfork (Blue A,B,C). Apologies for the lack of posting, i have been busy filming a new feature film. I'm sure there's more things i could post and I've probably missed a few things but this hopefully gives people enough for to ponder. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by entertheroach
BTC/USD 1WLooking at the Trend-Base Fib Extension we can see that BTC found some support from its 0.5 Fib Level at $30,329. If this support level fails then the next Fib Levels are 0.618 at $26,100 and 0.786 at $20,077. Looking at the Bollinger Bands, we can see that BTC is still way below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1 week timeframe. Note that at the moment BTC is below its Bollinger Bands Lower Band. Looking at the Least Squares Moving Average (LSMA) we can see that BTC closed a weekly candle below its LSMA. A close below the LSMA is considered a sell signal. A key area of support is the area from around £31,075 to $28,666 as highlighted by the horizontal black lines with yellow shading. Note that BTC has found support from this Support Zone 9 times previous since the 4th Jan 2021. Looking at the Volume Profile Visible Range (VPVR), you can see potential upcoming areas of previous volume interest if the support at around $28,666 and the 0.618 Fib Level at $26,100 both fail. Note that for the timeframe starting Sept 2020 to the present day, BTC is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. Note that BTC is still below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 7 weekly candles i have selected. The Average Directional Index (ADX DI) is indicating a sharp rise in Negative Momentum on this 1 week timeframe with the -DI (Red Line) rising to 30.54 and the +DI (Green Line) dropping to 16.27. Note that the Trend Strength is increasing with the ADX (Orange Line) rising to 17.39 and crossing above its 9 Period EMA (Black Line) which is at 17.37. The Relative Strength Index (RSI) is indicating momentum is downwards at the moment for this 1 week timeframe. Note that the RSI (Purple Line) still has room to drop further before entering the Oversold Zone on this 1 week timeframe. Note that the RSI is still below its 9 Period EMA (Orange Line) indicating negative momentum strength. Looking at the Chaikin Money Flow (CMF) we can see that the CMF line (Green Line) is still under the 0.0 Basel Line in the Distribution Zone and has been since the week of the 21st Feb 2022 on this 1 week timeframe. Note that the CMF (Green Line) is also below its Least Squares Moving Average (LSMA) indicating strength for distribution. If we use the area from around $31,075 to $28,666 as our base and the Descending Trend-line then we can clearly see that BTC is also in a Descending Triangle Pattern on this 1 week timeframe. In any case, if the support area fails then there will be some good opportunities to acquire BTC or your crypto of choice at a bargain price before the next bull cycle upwards. Never say never. I hope this quick and dirty post is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
BTC pullback to 39kBTC has hit expected resistance around 47k from the PoC of the volume profile of the drawdown since the ATH to the Jan. 24 low of 33k. If BTC breaks the recent retest of the 55D HMA it will increase the probability of at least retesting 39k. The BBWP indicator below confirmed the end of the recent uptrend, suggesting BTC will at least consolidate for a while I have doubt that we'll revisit sub 39k in one candle given how long BTC's bearish sentiment has been since the ATH. But if we do break down 39k, these are the support levels to look out for: 33k-35k, 30k, 27k, and 23k. I have my EW targets set there as I believe the range is a bearish triangle pattern ending on the 47k PoC. Nonetheless, it is a bit worrisome to see coins distributed recently from whales. Short trade: Entry:45.8k SL: 49k TP:39K Support and Resistance Levels are noted on the chart. Green levels are support, and red is resistance. All other colors are areas of interest that could signify a major price reaction.
BITFINEX:BTCUSDShort
by linebands
ETHUSD, We migth have uptrend, Intraday Strategy PP target R1-R2Hello traders, we might have some long position, working with Intraday Strategy Pivot Points Levels Important take a note about this. Check the trend, confirm the uptrend when the prices cross the Pivot Point over up, and then R1, MA200, and R2. Controlling that the market doesn't reject those levels, we might get some profits with it. Indicator MA 200, 20-8 RSI 8 MA8 Bolliger 20. Frame 1 hour R3 3,176.43 R2 3,076.56 R1 3,019.99 PP 2,976.69 S1 2,920.12 S2 2,876.82 S3 2,776.95
BITSTAMP:ETHUSDLong
by Bekapc
EOS / ETH ↗️Buy Signals: - Bullish Divergence BB%B - Fibonacci Confluence matches div ( 3rd Fib cluster ) - Potentially bottomed in large channel Other Signals - Bollinger Band Squeeze ( potential large move in either direction ) - BBW all time high( existing trend is ending ) - Pending price action when price approaches the cloud. Invalidation: - Increased Volume and rejection in or before the cloud. ( strong resistance ) - BB%B fails to make a higher high and double tops. - Rejection of the first Fibonacci price cluster. Target Price: - 1rst target: 0.0017-0.0018 ETH - 2nd target: pending price / volume action in 1rst cluster. - 3rd target: pending price / volume action in 1rst cluster. - Ultimate target: 0.0065 ETH ( anticipate price to touch the beginning of the div ) Stop Loss: 0.0006712 ETH Strategy: - Dollar cost averaging while under first target. Type of Trade: - Long Swing Trade - Ongoing purchase for contract deployment as insurance for increased contract costs. Why buy: - Ideal trade for any developer planning to migrate from ETH to EOS, potentially saving on EOS smart contract deployment costs. Fundamental - Unpopular opinion: Despite its controversial beginnings, EOS is a genuine blockchain with a unique resource model allowing feeless transactions, it only lacks a larger following, development of more trendy products, and is often overshadowed by its genesis. - EOS EVM is being launched. Long term outlook: - EOS is highly inflationary and unlikely to create a long term bullish trend against ETH, however in the short term is likely to outpace ETH. - EOS/USD is a different assessment.
ELong
by LCessa
HOOD ↗️Buy Signals: - Bullish Divergence - Fibonacci Cluster ( matches beginning of div ) Other Signals: - Greater than average volume breaking above the Cloud ( this would validate a trend change) Invalidation: - BB%B: A significant drop below the bullish div trend line - Cloud: Greater than average volume with drop in price in within or below. Target Price: - $38.20 Stop Loss: - fluid ( * lack of stop loss is not advisable * ) Strategy: - Dollar Cost Average while price is below $16 Type of Trade: - Long Swing Trade
NASDAQ:HOODLong
by LCessa
2
TSLA at Critical Level - Could Go Either WayTSLA is at a critical point with the volume shelf and other factors that could mean either direction. Bull Case: Retesting Breakout Level Falling Wedge on Daily/65m Bullish Divergence on 65m Some Bollinger Band squeezing on 65m Bear Case: Net Premium flow favors puts heavily Bearish Engulfing Candle on Weekly MACD crossing down on Daily Hidden Bearish Divergence on Daily that may not have completely played out May be slightly below volume shelf - next shelf at $912 Diminishing Volume on Daily So: If Bulls Win... (price breaks $1,037) PT1 - $1,045 PT2 - $1,065 PT3 - $1,087 If Bears Win... (price breaks $1,021) PT1 - $1,011 PT2 - $1,000 PT3 - $1,090
NASDAQ:TSLA
by cloud9futures
2
ADA/USDAt the moment of typing this, ADA is still below its longterm Pitchfork Median Line and has been below it since the 3rd March 2022. ADA is also in a Descending Pitchfork Pattern (Black A,B,C). At the moment, ADA is still above its Descending pitchfork Median Line. At the moment, ADA has found some support from its Descending Upper Yellow Pitchfork Support Line. At the moment ADA is back above its Least Squares Moving Average (LSMA) for this 1 day timeframe. At the moment, ADA is also back above its Bollinger Bands Middle Band Basis 20 Period SMA. Not that we have yet to get expansion of the Upper and Lower Bands Using the Ichimoku settings of 20,60,120,30, we can see that ADA is still in the Bearish Zone of the Ichimoku Cloud and ADA has not made an attempt to break back into the Equilibrium Zone since the 18th Jan 2022 when ADA failed to close a daily candle within the Cloud. At the moment, ADA is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 20x daily candles that i have selected. At the moment, ADA is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. At the moment, Volume on this Binance Chart for ADA is still relatively low compared to what ADA was getting around May 2021. Looking at the Average Directional index (ADX DI), Positive Momentum has dropped with the +DI (green Line) dropping to 22.56 and note that Negative Momentum has also dropped with the -DI (Red Line) dropping to 18.89. The Trend Strength is still weak with the ADX (Orange Line) at 18.57 and still below the 20 Threshold and also below its 9 Period EMS (Black Line) at 20.82. Looking at the Moving Average Convergence Divergence (MACD), the MACD Line (Blue Line) is indicating momentum is upwards at the moment and it is above its Signal Line (Orange Line). Note that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line on this 1 day timeframe. Note that the MACD Line (Blue Line) has not been in the Positive Zone above the 0.0 Base Line since 20th Jan 2022 on this 1 day timeframe. Here is a wider look at this ADA 1 day chart with its Longterm Pitchfork Pattern: Looking at this ADA 1 day chart, i personally wouldn’t get excited until ADA gets back above its Longterm Pitchfork Median Line and also starts making a Hight Highs and Higher Lows above $1.63. So depending on what BTC does and what your Trading plan, Hodl-ing Plan or DCA plan is, it looks like there will still be good opportunities to acquire more ADA or your crypto of choice at a discount price. On another note, if ADA drops below its Descending pitchfork Median Line then we can expect to hit $0.622 but that is if support of the Descending Pitchfork Median Line fails as support. I would keep an eye on whether or not both the LSMA and Bollinger Bands Middle Band Basis 20 Period SMA continues to be Support or become Resistance on this 1 day timeframe. I hope this post is helpful for your Trading or Hodl-ing.
BINANCE:ADAUSD
by entertheroach
2
BTC\USDA quick BTC/USD update: At the moment, BTC is testing its crucial Descending Resistance Line of its Triangle Pattern as well as testing its crucial Resistance Area. Note that BTC has found resistance from this Descending Resistance Line 3 times previous and you can clearly see the interactions of the previous Daily Candles with this Resistance/Support area. Note that the APEX of the Triangle Pattern is located around the 23rd April 2022. At the moment of typing this, BTC is back above its Least Squares Moving Average (LSMA) as well as back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1 day timeframe. Note that BTC is back above its Volume Profile Visible Range Point of Control (VPVR POC) for this chart's visible range. At the Moment of typing this, BTC is still in the Bearish Zone of the Ichimoku Cloud. Note that Leading Span A (Senkou Span A) Resistance Line is located in the same spot as the Resistance Area that BTC is testing. Looking at the Trend-Based Fib Extension, we can see that the 0.236 level is also located at BTC’s crucial Resistance Area. Note that this is the first time since the 10th March that the daily Volume Bar has been above its Volume 20 Period MA. The Average Directional Index (ADX DI) is indicating a spike in Positive Momentum with the +DI (Green Line) rising to 22.04. Negative Momentum has dropped with the -DI (Red Line) dropping to 19.89. Note that the +DI (Green line) is now back above the -DI (Red Line) indicating Positive Momentum is stronger than Negative Momentum on this 1 day timeframe. Note that we have to be careful because the overall Trend Strength is still very weak with the ADX (Orange Line) at 15.39 way below the 20 Threshold (Black Dashed Line) and is still also below its 9 Period EMA (Black Line) which is at 17.64. Tonight’s daily candle close will be a very interesting one to watch. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
1
BTC/USD - 0.236 Trend-Based Fib Extension levelThe Trend-Based Fib Extension level 0.236 at $42,492.75 is the level BTC needs to close above and successfully re-test as support for continued upwards momentum on this 1 day timeframe. This level is also where its descending trend-line is located exactly on the 0.236 level. At the moment, BTC is also back above its Least Squares Moving Average, its Bollinger Bands Middle Band Basis 20 Period SMA as well as its VPFR POC for the fixed range of 14x daily candles that i have selected. Note that BTC is also back inside the Ichimoku Cloud Equilibrium Zone at the moment. Looking at the Average Directional Index (ADX DI), it looks like we are very close to potentially seeing the +DI (Green Line) cross back ABOVE the -DI (Red Line) which would indicate that Positive Momentum has become dominant over Negative Momentum on this 1 day timeframe. If this crossover happens and the +DI (Green Line) is on top, we then need the +DI (Green Line) and the -DI (Red Line) to keep expanding further away from each other for continued Positive Momentum dominance on this 1 day timeframe. At the moment of typing this, BTC has found resistance from its Trend-Based Fib Extension 0.236 level as well as from its VPVR POC for this charts Visible Range. It will be very interesting to see where and how BTC closes this daily candle. I hope this brief post is helpful with trading and hold-ing.
BITSTAMP:BTCUSD
by entertheroach
1
VET/USDVeChain update: As with most cryptos, downwards pressure is still dominant. VET is still in a Descending Channel, VET broke above the Descending Channel on the 3rd of March but quickly came back down and closed back inside the Descending Channel so the Descending Channel is still valid. VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1d timeframe. Note that we have expansion of the Lower Bollinger Band and this expansion is for negative momentum. VET is getting very close to its Least squares Moving Average (LSMA) indicator, a close below the LSMA will be considered a sell signal on this 1 day timeframe for this indicator. VET is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. VET is still below its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 11x daily candles that i have selected. I have added various Support and Resistance areas s highlighted by the Horizontal Blue Line with Yellow Shading. Looking at the Moving Average Convergence Divergence (MACD), we can see that the MACD Line (Blue Line) is sideways at the moment and still under the 0.0 Base Line in the Negative Zone. If the MACD Line (Blue Line) crosses back under the Signal Line (Orange Line) then that will be considered a sell signal for this indicator on this 1 day timeframe. Not that the last 3 Green Histograms have lightened and lessoned in size indication a weakening of positive momentum. Note that the MACD Line (Blue Line) has not been in the Positive Zone above the 0.0 Base Line since the 21st Nov 2021 on this 1 day timeframe. Looking at the Stochastic Indicator (STOCH) we can see that momentum is downwards at the moment and note that the %K Line (Bluer Line) is still below its %D Line (Orange Line) on this 1 day timeframe. Important to note that the %K (Blue Line) still has plenty of room to drop much more before becoming Oversold on this 1 day timeframe. Looking at the Average Directional Index (ADX DI) we can see that the trend strength is very weak with the ADX (Orange Line) under its 20 Threshold at 19.23 and still under its 9 Period EMA (Black line) which is at 21.60. Note that Positive Momentum has dropped its the +DI (Green Line) dropping to 19.26. Negative Momentum is still dominant but has dropped to 23.63. Here is a wider look at this VET/USD 1 day chart so you can see the previous VPVR POC area: I still think that BTC will hit $24k this year, if that is the case & if downwards pressure continues and VET breaks below its $0.0389 support then i think we will see VET hit around $0.0293 - $0.0282 as that area is VET’s previous very strong VPVR POC area. At the moment, the Market Makers have decided that the path of least resistance to profit is still downwards, this goes for most stocks, Indices and Cryptos. As we know BTC is following the downwards momentum of the stock market and all alts are following BTC. I closed all my crypto trades back in Dec 2021, luckily still in profit. I have only had 1 crypto trade on since which i closed at a 10% profit, that was a VTHO/USDT trade. I am positioning myself to fully be able to buy back in on my various cryptos of choice when the time arises because bear markets do not last forever. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
BTC/USD - 1hr chartQuick and dirty BTC/USD 1hr chart update. BTC has found support from its Bollinger Bands Middle Band Basis 20 Period SMA on this 1hr timeframe. Note that we have expansion of the Upper and Lower Bollinger Bands and this expansion is for Positive Momentum. BTC is also back above its Least Squares Moving Average (LSMA) for this 1h timeframe. A close above the LSMA is considered a Buy Signal for this indicator but if BTC drops then we need a successful re-test as strong support to be sure. Note that BTC is back above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. I have added various support and resistance areas as indicated by the Horizontal Blue Lines with Yellow Shading and various Support and Resistance Lines as indicated by the Blue Lines. As you can see, BTC is also in an Ascending Triangle Pattern on this 1hr timeframe. As you can see, the top of the ascending triangle pattern is a major resistance area. BTC has strong resistance from its resistance area located around $39,489 to $39,738. A successful close above this resistance area and successful re-test as support will eventually send BTC to resistance area located around $40,809 to $40,993. Looking at the Moving Average Convergence Divergence (MACD) we need to keep an eye on the MACD Line (Blue Line). If the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) then that will be a Buy Signal for this indicator on this 1hr timeframe. Failure to close a 1hr candle above the resistance area located around $39,489 to $39,738 and successful re-test as support will result in either continued sideways ranging within a range or a drop back to around $38,532 and possibly lower. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
BTC/USDBTC update. Here is a closer look at this 1 day BTC/USD Bitstamp Chart. BTC is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1 day timeframe. Note that the Upper and Lower Bands have started to expand outwards and this expansion is for negative momentum. BTC is also still below its Least Squares Moving Average (LSMA) for this 1 day timeframe. I have added various support and resistance line as well as various support area on this 1 day timeframe. Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) has crosses below its Signal Line (Orange Line) and dropped below the 0.0 Base Line into the Negative Zone. Note that this is the first drop back into the Negative Zone since 19th Nov 2021 on this 1 day timeframe. Looking at the Average Directional Index (ADX DI) we can see that Negative Momentum has increased with the -DI (Red Line) rising to 28.86 and Positive Momentum has dropped with the +DI (Green Line) at 19.78. Note that the Trend Strength has increased with the ADX (Blue Line) turning slightly sideways at 21.92. Note that the ADX (Blue Line) is still below its 9 Period EMA (Black Line) which is at 25.21. If BTC closes a daily candle below its $37,780 - $37,168 support zone and that support zone becomes strong resistance then crucial area for BTC is the support area located at around $31,100 to around $28,646. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
VTHO/USDVTHO update and a quick look to the future opportunities that may arise, not just VTHO but all crypto assets, because downtrends don’t last forever. Here is a closer look at this VTHO 1 day chart. At the moment VTHO is below its Least Squares Moving Average (LSMA) on this 1 day timeframe. A daily close below the LSMA is considered a sell signal. At the moment, VTHO is fighting to stay above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1 day timeframe. If VTHO closes below the BB Basis and re-test it as resistance then we should expect VTHO to drop to its BB Lower Band level. VTHO is below its Volume Profile Fixed Range Point of Control (VPFR POC) fro the fixed range of 5x daily candles that i have selected. Zoomed out on this 1 day VTHO chart, the Volume Profile Visible Range Point of Control (VPVR POC) is around $0.001480. For your viewing pleasure i have added various support and resistance areas as highlighted by the Horizontal Black Lines with Yellow shading. I have also added 2 descending support lines (Blue Lines on chart). If we look at the Average Directional Index (ADX DI), we can see that Positive Momentum has dropped with the +DI (Green Line) dropping to 24.29 but Negative Momentum has also dropped with the -DI (Red Lien dropping to 19.04. The Trend Strength is weak with the ADX (Orange Line) at 19.19 and still under its 9 Period EMA (Black Line) and now under the 20 Threshold. We need the +DI (Green Line) to stay above the -DI (Red Line) on this 1 day timeframe, if not then further downwards momentum will continue. If we look at the STOCHASTIC Indicator (STOCH) we can see that momentum is slightly upwards but i would say sideways within a range at the moment with the %K Line (Blue Line) still under its %D (Orange Line) which is a further sign of upwards strength weakness. Not that the %K Line (Blue Line) still has room to drop before becoming Oversold on this 1 day timeframe. Be on the lookout for when the %K Line (Blue Line) strongly crosses back above the %D (Orange Line) on strong volume. At the moment, like most other cryptos, VTHO is under the influence of BTC. With this mid to potentially long term downtrend, a lot of opportunities will soon arise because downtrends don’t last forever. Previous Volume POCs will potentially become new POCs and become area of strong volume control, be tested again as support and if it holds, it can again offer opportunities to allow you to acquire your crypto of choice at an unbelievable discount. From the 9th Feb 2021 to 16th April 2021, VTHO did a massive rise from its POC starting around $0.00145 and eventually rising to $0.02738………. That is around a 1794% move up! You want to buy near the BOTTOM of that 1794% and sell near the TOP of the 1794% This is just my opinion but a lot of people seem to get caught up in the hype of BTC and ETH and foolishly ignore the low cap coins that can potentually offer much higher returns and i believe that cryptos like VTHO and a few others can offer that once again, especially after this downtrend is over, even if that downtrend takes a year or 2 because we have to factor in what is happening to the economy at the moment, because like it or not, when the stock market crashes……. BTC and most other cryptos will follow. Diversification is key. I hope this is helpful with your trading and hodl-ing.
by entertheroach
VET/USDVeChain Update VeChain had broke out of its previous Falling Wedge Pattern but is still in a downwards channel. VeChain failed 4x to close above its sideways Pitchfork Median Line (A,B,C). VeChain has closed below its Least Squares Moving Average (LSMA) on this 1 day timeframe. Note that a close below the LSMA is considered a sell signal. At the moment, VeChain has found support from its Bollinger Bands Middle Band Basis 20 Period SMA. A close below the BB Basis and re-test as resistance will be further confirmation of continued downwards momentum on this 1 day timeframe. Note that VeChain is still below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 10x daily candles that i have selected. Note that VeChain is still below its Volume Profile Visible Range Point of Control (VPVR POC) fro this charts visible range. Volume is still low on this Binance chart and the last 4x daily Volume Bars have closed below its Volume 20 Period MA. I have added some areas of potential support as highlighted by the horizontal Black Lines with Yellow Shading. Looking at the Average Directional Index (ADX DI) we can see that Negative Momentum has overtaken Positive Momentum on this 1 day timeframe because the -DI (Red Line) has crossed back above the +DI (Green Line). The -DI (Red Line) has risen to 22.81 and the +DI (Green Line) has dropped to 18.72. The trend strength is weakening with the ADX (Orange Line) dropping to 24.14 an it is still below its 9 Period EMA (Black Line) which is at 28.46 and is a further sign of weakening trend strength. Looking at the Elders Force Index (EFI) we can see that the bulls have lost a lot of strength but is sideways at the moment, note that the EFI Line (Red Line) is still above the 0 Base Line. Note that the EFI Line (Red Line) has dropped below its 9 Period EMA (Cyan Line) which is a further sign of weakening bull strength. If the EFI (Red Line) crosses below the 0 Base Line then that means that the Bears have taken full control on this 1 day timeframe. Looking at the STOCHASIC indicator (STOCH) we can see that momentum is downwards at the moment and note that the %K Line (Blue Line) is still below its %D Line (Orange Line). Note that the %K Line (Blue Line) is indicating that VeChain still has room to drop before becoming Oversold on this 1d timeframe. Looking at the Moving Average Convergence Divergence (MACD), we can see that the MACD Line (Blue Line) is point downwards and is still under the 0.0 Base Line in the Negative Zone. The MACD Line (Blue LIne) is still above its Signal Line (Orange Line) so we need to keep an eye on this as if the MACD Line (Blue Line) crosses back below the Signal Line (Orange Line), as this will be a sell signal for this indicator on this 1 day timeframe. There are a few things to look out for if you are uncertain if or when to go long, be on the lookout for a successful daily close above the LSMA, the Bollinger Bands Middle Band Basis and The Pitchfork Median Line as well as keeping an eye out for any successful retest of those levels as support. With any rise, you need to also keep an eye on the volume as ideally you want any sustainable rise to be supported by increasing volume strength. Also be on the lookout for if/when VeChain crosses back above the upper descending trend-line of the descending channel as well as any successful retest of that previous resistance as support. So at the moment, it looks like there will be some really good opportunities coming up to acquire more VeChain or your crypto of choice at a much cheaper price. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach