KUSAMA (KSM:BTC) broke back up above 200 SMA on the 30 mins ...KUSAMA (KSM:BTC) broke back up above 200 SMA on the 30 mins after period of continued rejection..
Kusama was originally planned as a testnet for Polkadot, but from what I am hearing so far, it could become its own independent chain in its own right (at the same time as functioning as a test net for Polkadot too) -- where certain projects (that were not successful with securing a Polkadot slot) will instead run exclusively on the Kusama platform rather than migrating onto the Polkadot network.
(Correct me if I am wrong on the fundamentals side of things, I'm focused mainly on TA). :)
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TA
KSM now supported above orange 200 SMA on the 30mins
Need to wait to see if it will continue sideways, continuing to be supported above the 200 SMA, to eventually turn the bearish Ichicloud bullish again, before a recovery can be expected.
Bullish wicks and 21EMA/50SMA bullish cross registered (circled in main chart) on the 30 mins.
PRISM Oscillators Analysis
Hidden Bullish Divergence adhered.
Transparent blue Volume falling off significantly as price increase though.
Acceleration heading up, pulling up Momentum
Still waiting patiently for confirmation for a suitable entry as a long-term investment, with a couple of small stop-limit buys modulated by a combination of Cyber Ensemble and PRISM Oscillators Set, and Ichicloud state, set for now.
Crossover
ichimoku bullish crossover at resistanceThis chart shows an Ichimoku bullish crossover confirmed in a channel. It's my opinion that the price will break the upper support. It saw resistance today, but the resistance will yield.
Lagging span (black line) is above the kumo cloud.
Conversion line (blue) crossed above the red base line
price is above a greem kumo cloud.
I would expect to see resistance at both of the red lines above the price.
I forgot to change the chart to daily only.. so just maximize the daily chart. to see what i discussed above.
NZDJPY reacts to 50 EMA and might break strong resistance NWNZDJPY is one foot on the path to strong daily resistance (dark blue). It stopped there twice and it also respected the level in history. Let us see what it does. I would like a little bearish Monday opening to get a good price and kickstart the upwards move mid-through the day.
Pinbar makes it unlikely to get 50 EMA price, but on an intraday basis, a good long can be caught and perhaps even held for a few days. There is also 50x200 crossover, so I suppose crossover traders might be boarding and eventually push the price even through the blue zone.
Monero Daily price Breakout SetupCan you see 50 EMA is perfect Resistance here if close above than easy 5% trade
just leave it to you guys price close above 50 EMA on daily than buy and hold
it will pump 5% in no time.
natural gas intepritive dancing movement.so i kind of dibble dabble with my thought processes on how to perceive a simple analysis. but I am still learning and using the various tools I have come o learn so far. I have done a simulated projection of the price action of natural gas and what I think it might do next I am fairly confident we are now looking at a phase of picking up momentum and steam towards the upside. if you like my way please follow and mention your thoughts in the comment. I'm here for the long ride with ya'll. no substitutions simply analytical (TINA)
Adtran Inc. explosive breakout expected after sym. triangle!Hello Traders!
For about a month now, the price of Adtran Inc. has been moving within a symmetrical triangle. A breakout is coming nearer and nearer, especially because of the divergence pattern with the MACD. The only question is if it will be a bullish or a bearish breakout. The divergence occurred while the price was still on an uptrend, which would indicate a bearish reversal, but the MACD crossing over the 9 EMA and the 100 SMA crossing over the 200 SMA are clear and strong bullish signals. The 50 SMA and the 100 SMA are rising, indicating bullish momentum, and it seems like the 200 SMA is about to grow as well. RSI seems indecisive but very centered, so we can expect the next trend to be quite strong and to maintain momentum for a long time. All in all, I believe an emerging uptrend to be more likely, but let´s wait for the price to break out and cross the support/resistance at 11.91 or 10.21.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
hospitality is on watch looking for test this crossover 50/9 for a few day , found this on in one more
Awesome OscillatorThe Awesome Oscillator (AO) is displayed as a histogram showing the market momentum based on a comparison of the simple moving average (SMA) of the last 5 price bars median to the simple moving average of the last 34 price bars median.
MEDIAN PRICE = (HIGH+LOW)/2
AO = SMA(MEDIAN PRICE, 5)-SMA(MEDIAN PRICE, 34)
When the momentum of the past 5 bars is weak compared to that of the 34 bar period, the AO displays this shift as a red bar. When the recent 5 bar momentum is stronger, the AO displays the shift as a green bar. The AO displays these shifts by a series of red and green bars. Series of red bars indicate declining bias. Series of green bars indicates rising bias.
Related to the AO are Zero Line Cross Over , Twin Peaks Patterns , and Price/Momentum Divergence . When the AO is added to other technical indicators, such as Divergent Bars and Bollinger Bands, traders are able to assess which way a stock is likely to move. The AO can help see what is coming!
Zero Line Cross Over
When the AO crosses over the zero line, moving from above the zero line to below the zero line, this is a declining bias indicator. A rising bias is indicated when the AO crosses over the zero line, moving from below to above.
Twin Peaks
The Twin Peaks pattern indicates a declining bias when the AO forms a series of green and red bars where each transition from green to red (a peak) is smaller than the previous peak.
A rising bias is indicated when the AO forms a series of green and red bars where each transition from green to red (a peak) is larger than the previous peak.
Price/Momentum Divergence
Declining Bias - When the AO shows declining momentum and, during the same time period the price of the stock is showing a rising trend (higher highs and higher lows), there is divergence that is forecasting an eventual decline in the price. When momentum weakens, price may still rise for a period however, without momentum the price will snap back because there is not enough buying volume to maintain the upward price momentum. Imagine a rubber band stretched between the two ends of the “V” formed by the two trend lines.
In the chart example above, you can see the strong divergence between rising price and declining momentum. The price ended up snapping back in line with the AO and then continued to move lower.
Rising Bias - When the AO shows rising momentum and, during the same time period the price of the stock is showing a declining trend (lower lows and lower highs), there is divergence that is forecasting an eventual rise in the price of the stock. When momentum strengthens, price may still decline for a period however, eventually increasing momentum will push the price higher.
USD/JPY - Key Level Reached, Bounce Or Break?Hello Traders!,
Hope everyone had a successful week trading, here's my analysis on USD/JPY for the next week we have ahead of us
What Is The Market Telling Us?
Consolidation has been occuring for the past 2 trading weeks ranging from support & resistance
Bearish fakeout has occured to STOP OUT retail traders from their sells to bring the market to a higher price
Bullish crossover has occured
Price has reached peak bullish volatility and is now halted by resistance level
When Should We Enter?
This scenario can go both ways, if youre LONG look for a clear break & retest of resistance before BUYING
If you're SHORT, wait for a bearish candle close or a bearish pattern to occur before SELLING
This is my look at Bitcoin VS USD on 05.28.2020I'm not a financial advisor, Don't buy or sell bass on what I'm saying... I do own some Bitcoin and I think it has a great future, this future may or may not be that great so PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
This is my look at Bitcoin Vs USD on 05.28.2020
This is an experimental indicator that I have made and testing it out... It is using the EMAs the white line is 13 EMA, the green line is 55 EMA and the yellow line is 89 EMA ...
The points going pass is a future guess by the experimental indicator and the way it works is if it's pointing down like the white one is on this chart, to me, it's suggesting that Bitcoin is going to head higher in the next couple of days and using the RSI and the MACD that should be happening sometime over the weekend or early next week has helped to confirm that for me...
The points going pass is a future guess by the experimental indicator and the way it works is if it's pointing up like the white one is on this chart, to me, it's suggesting that Bitcoin is going to head down in the next couple of hours and using the RSI did have a couple of death crosses over the last day or so and the MACD looks like it will have a death crosses any time now!
What do you think about this, a good idea or a bad idea?
Big trend is comming ...Guys this is really interesting! I though we almost have another short until I saw this triangles, convergence and supports!
Volume is almost about 0 ! and as you can see we have a big symmetrical triangle here! we have support of 50 and 20 ma now, ma 120 shows 9k ! and 200 shows 9200 !
Rsi and macd are in convergence and they are showing the way !
We have a support line at the bottom, we are almost at the end of the symmetrical, and also we have cross overs ahead ...
So its time to choose what do you look for ...
In my idea, we are going to see 9k and 9200
If btc break 9200 we will touch 9400 again ...
If we stay on the ma 200, we will 10k again ...
If you liked it, please hit the like button, share and write your comments, thanks for reading.
Take care, trade safe
AUDUSD - Break and retest strategyHello everyone!
I will keep it compact as always:
1. MA 8 crossed MA 50
2. Support broken
3. retesting support that became resistance (fib golden zone)
4. If it cannot break above you know that it is a downtrend
5. enough confirmations
Simple break and retest strategy
I hope you like it!
EURGBP - Two Values to Watch - Three Reasons to SellHi Traders!
The market is in a Downtrend.
As you can see the market is moving between two important Areas:
Longterm Trendline
This Trendline you can see easily if you scroll left or go to the H4-Timeframe.
It occured because the Downmovement started from the Top at 0.88500.
Shortterm Trendline
This Trendline arised since it touched the Support at 0.86700.
The price still respects it.
NOW the market is between these two Areas.
It have to decide weather to go up or down.
But one direction has more chances:
The Downside!
Because of this tree factors:
Longterm Trend
As mentioned before, the market is moving in a Downtrend.
That's why many Traders are looking for Sell-Opportunities.
EMA Crossover
In the chart there are two EMAs: the 20MA and the 50MA.
Now here are also two things to consider:
- The first thing is that the market is moving under both of these MAs.
- The second thing is that the MAs didn't crossed over until now (since 7th of May).
Strong Resistance
If you use the Measure-Tool, you can see that the Resistance is closer than the Support.
So, if the Breakout occurs to the Upside, the Sellers could just sell at the Resistance.
But if the Breakout occurs to the Downside, the next Support is far away and the RTR-ratio is much better.
We recommend to trade the Breakout with Momentum.
Thanks and successful Trading :)!
Bitcoin on a (relatively) long-term move upwards?Does bitcoin look to be moving upwards on a longer term trajectory?
Looking from a daily view (1 day bars), the short term SMA moved above the longer term EMA near the beginning of April (08 Apr 20), and seems to have established itself there for the past approx. 4 weeks.
Additionally, drawing trends on the highs and lows from the lead up to the move of the SMA above the EMA from 01 April (admittedly an arbitrary point but as good as any other) to when the daily movement slowed down and temporarily peaked (05 April) shows that from the first day onwards following on from the day there was a last major daily movement (29 April), the trend is remarkably following the trend upwards from 01 to 05 April.
Finally following on from that possibly important day of the last major move (29 April), the first bottom/trough had a dragonfly bar indicating subsequent moves upwards - which have happened.
A large negative however is that the RSI has remained above 70% consistently over the past few days and thus would indicate a move downwards at some point. However, with the way the RSI is calculated, a downwards moving RSI does not strictly translate to a long term price trend downwards.
Thus, we have:
1. Short term SMA consistently staying higher than the longer term EMA
2. Price movements closely following trend lines (that are not wedging or indicating a movement down)
3. A dragonfly at the most recent bottom/trough indicating a movement upwards and subsequently validated over the past few days.
The assumptions underlying the above, and which could always be wrong are:
1. The trend lines are correct particularly from their origin (why pick 01 April? Are there better trend lines indicating the opposite?)
2. The dragonfly has been identified correctly and is actually meaningful
If the movement and pattern has been identified correctly, then the first barrier of resistance, and also perhaps the optimum sell point would be around 10k USD, the approx. high from approx. the past 6 months. Alternatively, an exit would be when the SMA crosses the EMA downwards, or when there is a daily close and open below the EMA line.
Generally, there's always unsureness (that's a cromulent word and the reader knows what it means so I prefer it over "doubt" :-) ) if this or any BTC movement is a true movement upwards. I'm still not convinced that BTC actually has patterns or that any trading strategy can be applied to BTC as the movements are to random, and the variables too great, without any market fundamentals (like stocks) to make any rational calculation. Thus, feedback on everything mentioned above is more than welcome (except on the word "unsureness" :-) )
Additionally, anyone have any suggestions for BTC exchanges that offer stop losses as part of their standard account (not a paid for subscription or as a CFD/leveraged trading account)? Exchanges such as Coinbase and CEX.io do not, and I'd be grateful for any suggestions.
EURUSD - Wait for trendline to get brokenHello everyone!
I will keep it compact as always:
- Wait for the trendline to get broken
- If it breaks the trendline and the candle closes above it, we are looking for buys
- If the EMA 8 looks like it is going to cross the EMA 14.. Well that is a GOOD sign
- Be patient!
I hope you like it!
ALAM Crossing clear enter signalsI created this new version of EMA crossing by replacing it with ALMA, Please take into consideration that the cross signal may occur during the candle. I advise waiting until the candle is close.
I used EMA crossing signals to adapt this code and turn it into an (Arnaud Legoux Moving Average) ALMA Cross.
I expect it to bring a better signal that an EMA cross, let me know your comments and use under your own risk. this is just and experinental idea.
Long: Get into a long trade when the short moving average crosses up the long moving average.
Short: Get into a short trade when the short moving average crosses down the long moving average.
I recommend using it alongside a volume indicator to avoid sideways trends.
Exit at your own convenience or when the trend direction changes. I recommend using it in 4H and 1D charts.
200 EMA - best use for entries!I don't use indicators, they're not my style, they lag, they repaint; and in my opinion they don't work.
The 200 EMA on DAILY can be useful because of how slow it is. We can use it to filter the direction of which way we trade.
Price ABOVE 200 ema = ONLY BUY
Price BELOW 200 ema = ONLY SELL
Then drop timeframes for your entries via your strategy whatever that may be. If your strategy says go long but price is below EMA, don't take the trade etc...
Ignore the EMA on other timeframes lower than the daily. You want a slow daily direction indicator.
Don't blindly trade this, wait until price is clearly past the EMA and maintaining a good distance from it.
Use it as a guideline if you struggle working out fundamentals to help you filter a direction to trade.
NOT TO REPLACE FUNDAMENTAL ANALYSIS!!!
{SWC}--SCGM, Bullish continues?Thank you for your continued support :)
Strategy: MA Crossed
Bias: Bullish, After two weeks, SCGM seems digested the effect of coronavirus (COVID-19), and covered the big drop on 31st Jan with volume. If the bullish momentum continues, the share price of SCGM should challenge the previous resistance at RM1.66.
If the share price of SCGM can sustain above RM1.66, the next potential resistance will be RM1.77 according to previous resistance. SWC believe there will a positive movement in near term.
S: 1.52, 1.45
R: 1.66, 1.77