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Where is VERU going?I am not a professional and don't work in finance. This is a technical analysis of the daily candles. I think in at least the short term you are going to see VERU make a drop. This opinion is only based on the fact that the MACD just crossed over. I originally thought with the green engulfing candle that we may continue the uptrend, but the lack of volume and the cross over on the MACD solidifies for me that we will be going down. Let me know what you think. I would love your feedback.
NASDAQ:VERUShort
by Adventure_Joe
ETH; Ten Red Weekly Candles! What's Happening?Hello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing ETH. Ethereum printed its 10 red weekly candle. What's happening? Ethereum is currently in a downward channel and it has witnessed a record of 10 red weekly candles. The red and green areas are areas of support and resistance. The blue arrow indicates my opinion on the price move of ETH. RSI also shows almost oversold and based on my past experience, the RSI indicator usually retraces slightly after hitting the bottom before going down even lower. And then after that, the price should go up. So the thick blue arrow is how I think the price will go. Thanks for reading! As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you! Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
Long
by CTDave
15
Most Popular Types Of Candles How to Read Candlestick charts? Candlestick charts were originated in Japan over 100 years before the West had developed the bar charts and point-and-figure charts. In the 1700s, a Japanese man known as Homma discovered that as there was a link between price and the supply and demand of rice, the markets also were strongly influenced by the emotions of traders. A daily candlestick charts shows the security’s open, high, low, and close price for the day. The candlestick’s wide or rectangle part is called the “real body” which shows the link between opening and closing prices. This real body shows the price range between the open and close of that day’s trading. When the real body is filled, black or red then it means that the close is lower than the open and is known as the bearish candle. It shows that the prices opened, the bears pushed the prices down and closed lower than the opening price. If the real body is empty, white or green then it means that the close was higher than the open known as the bullish candle. It shows that the prices opened, the bulls pushed the prices up and closed higher than the opening price. The thin vertical lines above and below the real body is knowns as the wicks or shadows which represents the high and low prices of the trading session. --------------------------------------- 1- Hammer Candle Hammer is a single candlestick pattern that is formed at the end of a downtrend and signals a bullish reversal. The real body of this candle is small and is located at the top with a lower shadow which should be more than twice the real body. This candlestick chart pattern has no or little upper shadow. The psychology behind this candle formation is that the prices opened, and sellers pushed down the prices. Suddenly the buyers came into the market and pushed the prices up and closed the trading session more than the opening price. This resulted in the formation of bullish pattern and signifies that buyers are back in the market and downtrend may end. Traders can enter a long position if next day a bullish candle is formed and can place a stop-loss at the low of Hammer. ----------------------------------------- 2- Hanging Man Hanging Man is a single candlestick pattern which is formed at the end of an uptrend and signals bearish reversal. The real body of this candle is small and is located at the top with a lower shadow which should be more than the twice of the real body. This candlestick pattern has no or little upper shadow. The psychology behind this candle formation is that the prices opened and seller pushed down the prices. Suddenly the buyers came into the market and pushed the prices up but were unsuccessful in doing so as the prices closed below the opening price. This resulted in the formation of bearish pattern and signifies that seller are back in the market and uptrend may end. Traders can enter a short position if next day a bearish candle is formed and can place a stop-loss at the high of Hanging Man. ----------------------------------------- 3- Three White Soldiers The Three White Soldiers is a multiple candlestick pattern that is formed after a downtrend indicating a bullish reversal. These candlestick charts are made of three long bullish bodies which do not have long shadows and are open within the real body of the previous candle in the pattern. ----------------------------------------- 4- Inverted Hammer An Inverted Hammer is formed at the end of the downtrend and gives a bullish reversal signal. In this candlestick, the real body is located at the end and there is a long upper shadow. It is the inverse of the Hammer Candlestick pattern. This pattern is formed when the opening and closing prices are near to each other and the upper shadow should be more than twice the real body. ---------------------------------------- 5- Piercing Pattern Piercing pattern is a multiple candlestick chart pattern formed after a downtrend indicating a bullish reversal. Two candles form it, the first candle being a bearish candle which indicates the continuation of the downtrend. The second candle is a bullish candle which opens the gap down but closes more than 50% of the real body of the previous candle, which shows that the bulls are back in the market and a bullish reversal is going to take place. Traders can enter a long position if the next day a bullish candle is formed and can place a stop-loss at the low of the second candle. ---------------------------------------- 6- White Marubozu The White Marubozu is a single candlestick pattern that is formed after a downtrend indicating a bullish reversal. This candlestick has a long bullish body with no upper or lower shadows which shows that the bulls are exerting buying pressure and the markets may turn bullish. At the formation of this candle, the sellers should be caution and close their shorting position. Don't Forget To Like And Follow To Next Part
OANDA:XAUUSDEducation
by Fx_Vanguard
BTC 5th Red Weekly CloseBitcoin has just closed for the 4th time in history with a 5 declining candle a week in a row. The last time such a situation took place 7 years ago. We've never had 6 weeks of a downtrend. There is an opportunity for the statistically probable closing of the week in positive territory. It means a high probability of winning the LONG trade this week. The last three times have had 10% returns over the week. Indicator I used can be found in my scripts. Let me know what to you guys think.
INDEX:BTCUSDLong
by MarekZatwarnicki
TOTAL MARKET CAP 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this TOTAL MARKET CAP 1 DAY chart update by CRYPTOSANDERS. I have tried my best to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis. CHART ANALYSIS : As we can see at the above-mentioned chart that TOTAL MARKET CAP broke the triangle pattern and retested the upper trend line. After a successful retest, it moved upside which is the indication of a bull rally in the market in the upcoming weeks. If it broke the blue MA this chart will be invalidated but if it moves upside or is able to sustain this MA SUPPORT line then the bull rally will continue. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
CRYPTOCAP:TOTAL
by CryptoSanders9563
How to Read a Candlestick | Beginners Guide 🕯 Hey traders, If you follow me for quite a while you probably noticed that I apply a candlestick chart for the market analysis. In this post, we will discuss how to read an individual candlestick and we will outline its important elements. 🔰The candlestick reflects the price movement for a selected period of time. An hourly candle will show you a price action within an hour and a daily candle within a day. 🔰The candlestick pattern has a very specific shape: it is composed of a body and a wick. The wick of the candle indicates the range of the price action within the candle. Its upper wick will show you the highest price during that time period and its lower wick will show the lowest price, while the body of the candle indicates its opening and closing price. 🔰From the color of the body of the candle, we identify its direction. Green signifies a bullish candle while red signifies a bearish one. 🔰The lower boundary of a body of a bullish candle will show its opening price and its upper boundary its closing price. 🔰The upper boundary of a body of a bearish candle indicates its opening price and its lower boundary its closing price level. With so many elements within a single candlestick, one can derive a lot of valuable information. Some candlesticks have a very specific form and are called candlestick patterns. They are applied for predicted the future market behavior. A proper reading of a candlestick chart may unveil a lot of insights about the market so it is very important for you to learn to work with that. ❤️Please, support this idea with like and comment!❤️
BITSTAMP:BTCUSDEducation
by VasilyTrader
12
Ethereum Price Analysis $1MEthereum is forming a very bullish structure on the daily chart. The second-largest cryptocurrency has made a robust weekly green candle as well. As discussed in the March 17th analysis, confirmation of the reversal of the downtrend would be considered after the price crosses above the static level at $3300. Looking at the weekly candlestick at the end of January, we see that the price fell again despite the 25% surge, and February was all downhill. Technically, by forming a higher high and crossing above the static level at $3300, which is the intersection of many resistances, we can consider a trend reversal with more confidence. RSI-14: Crossing the downtrend line and moving in the bullish area Resistances levels: $3,000 and $3,300 Supports levels: $2700 and $2500
BINANCE:ETHUSDLong
by coedistiber
Bullish Possibility on FRGI--Educational Purposes Only, not Trading Advice -- Seeing as today's candle had long wicks, I decided to investigate whether there might be a reversal on FRGI. The Volatility on FRGI has stopped increasing so fast today, similar to 26 Nov '21, 29 Dec '21, and 19 Jan '22. This leads me to believe that there is a possibility for a reversal if the Volatility doesn't start increasing as fast as last week. In addition, a candle must open higher than the MA for there to be a reversal. It seems that the MA is a strong resistance on this graph. So, if a candle opens above the MA, the Volatility continues to stop increasing, and we see more long wicks, there is a good chance that FRGI might start to increase. Let me know your thoughts! Thanks for reading!
F
by YoungTrader15