AMZN earnings setup to burst out of squeezeWith the IFT(CCI) IFT (StocH) in positive territory and Di+ riding top, as price emerges from squeeze burst of energy is released
Earnings catalyst setup
DI
VET - weekly chart analysisVET has broken back ABOVE its massive Symmetrical Triangle and has so far successfully tested it as support on this 1w timeframe. VET needs to 110% CLOSE this weekly candle ABOVE the Descending Trend-line of the Symmetrical Triangle.
Note that VET is still safely above its Longterm Upwards Trend-line (Ascending Dashed Line) on this 1w timeframe.
VET is still above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that VET has room to move up before hitting the Bollinger Bands Upper Band on this 1w timeframe.
VET is still above its Least Squares Moving Average (LSMA) for this 1w timeframe. For this indicator, ABOVE the LSMA is a potential ‘BUY’ and BELOW the LSMA is a potential “SELL’.
Note that VET is still above its Volume Profile Fixed Range POC for the fixed range of 5 weekly candle that i have selected.
Note that Volume has increased slightly but note that the Volume Bars are still Below its Volume 20 Period MA.
I have added various support and resistance areas on this chart and you can clearly see the interaction with theses area. Note that VET has found some resistance from its first resistance line.
The Average Directional Index (ADX DI) is indicating that the trend strength is sideways but strong with the ADX (Orange Line) at 22.69. Note that the 9 Period EMA is above the ADX at 25.38 but is dropping. The +DI (Green Line) has dropped slightly to 21.79 but the -DI (Red Line) has also dropped slightly to 14.34. This indicates both positive and negative momentum has dropped slightly. We will potentially see a massive move upwards if the ADX (Orange Line) crosses back above the 9 Period EMA (Black Line) if the +DI (Green Line) is still above and moving away from the -DI (Red Line) on this 1w timeframe.
The OnBalanceVolume (OBV) is indicating momentum is sideways within a range. Note that the OBV (Blue Line) has crossed back above the 9 Period EMA (Orange Line) indicating upwards strength on this 1w timeframe.
The Moving Average Convergence Divergence (MACD) is indicating that we have had the MACD Line (Blue Line) cross back ABOVE the Signal Line (Orange Line) on this 1w timeframe. Note that the MACD is still in the Positive Zone above the 0.0 Base Line and note that we have had our first proper Green Histogram for the first time in 7 weeks.
I have also added a Trend-Based Fib Extension to show some potential FIB levels if VET continues the upwards trajectory on this 1w timeframe.
VET is also in a very thin Rising Wedge Pattern. VET needs to invalidate this bearish pattern by breaking back above it and successfully testing it as support on this 1w timeframe. What is interesting is that the Rising Wedge takes us right up to the 4.236 Fib Level at $0.5147. This is something to keep an eye on on this 1w chart.
Note that this chart is looking at the longterm without taking into account what is happening on lower timeframes, which you should be watching & analysing as well. All in all, VeChain is looking great so it should be an interesting couple of weeks for VET providing BTC behaves herself.
I hope this is helpful with your trading and hodl-ing.
Notes:
Bollinger Bands = Grey Bands on chart
LSMA = Blue squiggly line on chart
VPFR POC = Short horizontal red line on chart
VPVR POC = Long horizontal red line on chart
50EMA = Yellow squiggly line on chart
Symmetrical Triangle = Converging ascending and descending black lines
Rising Wedge = Ascending converging dotted lines
Longterm upwards Trend-line = Ascending dashed black line.
Support and resistance areas = Horizontal black lines with yellow shading
XRP Moon Cycle/Lambo SeasonThe Chart
- Green and Red Line on the chart represent the two different moving averages. (Top) From this we are able to see when a "Golden Cross" which represents a Bullish or Bearish sentiment that historically is followed by very high volatility. I circled the areas where the cross is occurring.
- Then the RSI. Currently XRP remains in high risk situation. Not necessary a bad thing. It implies there is current high volatility taken place. It sits above the 70 spot range. I like to compare the RSI to the energy source of the coin.
- On the bottom. Much more complicated. The ADX & DI. Simplest way to describe it. It showcases the strength of the next move. Today, you can see a wide open mouth gap be taken place. Compare historically.... very bullish sign for XRP.
I also published a simpler chart on XRP that explains WHY XRP. Fundamentally speaking, this coin has the best real world use case that crypto has to offer.
“People always want investments to go up like a line.…That’s just not reality. You make 80% of your money in 20% of the time in investing and you have to be patient.” - -
- Jeffery Gundlach
Quote that I like for XRP^
EurUsd goning up!!Hello friends eurusd recently brake weekly resistance level.
now it's will be going up.
Is it SDT for Bitcoin?Could Bitcoin pull above the 21 EMA and perhaps spring to a new ATH? Considering the 21 EMA has been very supportive in the past there is no reason to believe it couldn’t happen. Especially this close to the halving, Right? Of course from where we are right now in the area of 6800 we would have to see a rise of just over 190% to reach a new ATH. That's not a bad return!
Staying with the trend however we can see we would only need to drop off about 43% to see a new phase low or; about 54% to see a new low in this Elliott Wave correction cycle that began in December 2017. At a 60% drop we should see support from the 100 EMA and hopefully it will be off to the races once we get that support.
What is the ADX trying to say? It would appear that the breadth line (W) continues changing from holding steady to just a small pick-up meaning more people are becoming interested. Unfortunately the divergence (B) indicates the support of that interest in the sense of investment strength is waning. Les cash coming to the table. Also waning is the bullish sentiment (G) while the bearish strength (R) is certainly picking up strength, perhaps to take us to our soon to be told destiny.
Remember. This is not trading advice. Follow with me if you like, engage the like button and please add your comments below.
BTC: COMBO RSI MFI ADX Indicator + Volume Profile Gap FillIf the Volume support breaks @ $4940 it has a big gap to fall down through.
TSLA Short Term Day Trade Opportunity for Tomorrow, September 25-Tesla stock movement has consolidated into a symmetrical triangle pattern.
-RSI is not yet in overbought territory. This allows room for upward growth.
-ADX and DI indicators are showing a slight crossover, meaning that Bulls are gaining traction over Bears which is a Bullish signal.
-TSLA is moving in an Upward Trend Channel
Long Strategy- if Upper Resistance of Triangle is Broken:
Buy: $297-$298
Take Profit: at next resistance ($305)
Estimated Profit: 1.67-2.3%
TRX the Money Multiplier explained using MACD and ADXI bought in when released on Binance, and sold at 9 cents. Here I analyzed the trends to see potential indicators that could have increased my profits. Personally, I recommend buying now as we are at a new entry point and the wallet for this polished Company has yet to be released. The TRX wallet is still a beta java project that has to be built from source. However, it functions as promised.
