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Exponential Moving Average (EMA)

VeChain - 1D chart updateVeChain 1D chart update using the 20,60,120,30 Ichimoku Cloud Settings: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid point of the mid-term momentum is sideways. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum at the moment is upwards. Note that the Lagging Span (Chikou Span) is way above the price from 30 Periods ago. Note that VET is inside the Ichimoku Cloud Equilibrium Zone for this 1D timeframe. VET is above its Volume Profile Visible Range Point of Control (VPVR POC) for this chart’s visible range. VET is above its Volume Profile Fixed Range Point of Control (VPFR POC) for this chart’s fixed range i have selected. Volume is still relatively low for this 1D timeframe and notice that the last 4 Volume Bars have been below its Volume 20 Period Moving Average. Note that VET is still safely above its longterm upwards Trend-line. VET is in a triangle pattern so be on the lookout for which direction VET may break out from, at the moment it looks like VET will break upwards. VET has found some resistance from its triangle descending line. VET is above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. Note that the Lower BB is moving upwards and the Upper BB is moving sideways, this shows me that we may see a bit of consolidation and also that VET still has a lot room to move up before volatility becomes overextended. The Average Directional Index (ADX DI) is indicating the trend is sideways with the ADX (Orange Line) at 46.99 and still above its 9 Period EMA (Black Line) which is at 46.47. The +DI (Green Line) is sideways at 23.03 and the -DI (Red Line) is at 8.41. Note that the +DI (Green Line) is sideways and the -DI (Red Line) is pointing downwards, this indicates that while Positive Momentum is sideways, Negative Momentum has dropped for this 1D timeframe. Please be aware that if the ADX (Orange Line) drops below the 9 Period EMA (Black Line) then we will may see a price drop on this 1D timeframe. The Relative Strength Index (RSI) is also indicating momentum is upwards at the moment. Note that the RSI (Purple Line) has just crossed back above its 9 Period EMA (Orange Line) which is a good sign of upwards strength for this 1D timeframe. Note that the RSI (Purple Line) still has room to move up before entering the Overbought Zone on this 1D timeframe. Note that being in the Overbought Zone doesn't mean the price will drop as the RSI (Purple Line) can go up, down and also range sideways in the Overbought Zone for a prolonged period of time. If you are LONG and need to wait for confirmation of renewed upwards momentum then a successful close above the Potential Resistance Line and retest of that as support is crucial. If you use the Ichimoku Cloud System as your confirmation then you will wait for the price to break above the Leading Span B (Senkou Span B) resistance into the Bullish Zone and a successful retest of the Leading Span B (Senkou Span B) as support, FULL Bullish Confirmation for this 1D timeframe will be when the Leading Span A (Senkou Span A) crosses back above the Leading Span B (Senkou Span B) creating a new Bullish Green Cloud (Kumo) for this 1D timeframe. Using this system I’ve posted, if VET cannot make it above its Resistance Area and drops, it will find potential support from its Conversion Line (Tenkan Sen), Base Line (Kijun Sen), its Potential Support Area and also the Leading Span A (Senkou Span A) support level. There are other timeframes with many other support & resistance levels to take into account but I’m just focusing on the 1D timeframe for this post. This chart may seem messy to some and there is a lot going on, but as I’ve stated before, my charts are more TA educational instead of price predication, so hopefully I’ve succeeded in explaining to you what information each indicator is actually showing us. All in all, depending on what BTC does, VeChain is looking really good. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
2
TRADE EURUSD DOWNTREND WITH CAUTION. AWAIT BREAK OF 1.1500!As of today 23/08/2021, EURUSD is in downtrend! For the current week, consolidation move is expected which would target 1.18000 region. After that the downtrend is expected to resume. However whenever trading, its advisable to await a suitable confirmation that would enhance the quality of the analysis. Have a look at the main EURUSD monthly chart. the blue horizontal lines represent concrete support and resistance levels. Currently for the downtrend to resume, the price will likely retrace towards 1.18000 region first and fall towards the 1.15000 area. However in between these two levels there lies monthly 50 EMA. 50 EMA is proven to act as a dynamic support and resistance on any TIMEFRAME. So caution must be exercised while trading the potential downtrend fall from 1.18000 to 1.15000 region. POTENTIAL TRADING STRATEGY If one decides to trade between these two levels (1.18 to 1.15) please be advised to trade carefully. Every trade needs a confirmation to enhance its quality and currently the presence of 50 EMA on monthly TIMEFRAME is a risky move to trade the downtrend. THE PATH OF LEAST RESISTANCE FOR EURUSD LIES BETWEEN 1.15 TO 1.12. So for a trade with high quality and good probability it is advisable to wait for the break of monthly 50 EMA and 1.1500 support 1) MONTHLY CANDLE NEEDS TO CLOSE BELOW MONTHLY 50 EMA FIRST 2) MONTHLY CANDLE SHOULD IDEALLY CLOSE BELOW 1.15000 AS WELL. 3) IF MONTHLY CANDLE CLOSED BELOW MONTHLY 50 EMA, ITS POSSIBLE TO WAIT FOR WEEKLY CANDLE TO CLOSE BELOW 1.1500 AND GO SHORT TO TARGET 1.12000 PROBABLE TARGET HERE IS 1.12000 LEVEL. BUT THE ABOVE SCENARIO SHOULD TAKE PLACE FIRST. THIS WOULD ENHANCE THE QUALITY OF THE TRADE AND ITS PROBABILITY FUNDAMENTALLY, USD is expected to get stronger as the economy shows the sign of improving and FED taper talks. USD acting as safehaven in RISK OFF mood would likely support the dollar as well. Focus would shift to the The Jackson Hole Economic Symposium, during which the FED chairman would likely focus on tapering and provide insights into FED future action. Therefore this week we should notice EURUSD consolidation towards 1.18000 and then next week downtrend should resume! However it is advisable to trade EURUSD once the M 50 EMA and 1.15000 level breaks. the target here would be 1.12000 level Shall there be any updates in the future i will provide the entry details in the comment section
Short
by FX618Analysis
Quick and Dirty BTC updateBTC is still above its upwards Pitchfork Median Line (A,B,C) on this 1D timeframe. BTC is still above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1D timeframe. Note that the 50EMA (Yellow Line) has finally crossed back above the 200EMA (Red Line) on this 1D timeframe. BTC has found some resistance at its Least Squares Moving Average level (LSMA) (White Line). For people who use this indicator, a candle close above the LSMA is a potential buy signal. Volume is still relatively low and note that todays Volume Bar is below its Volume 20 Period Moving Average (Orange Line) at the moment. Here is a closer look at this chart: Using the Ichimoku Cloud settings of 20,60,120,30: The Ichimoku Cloud Conversion Line (Tenkan Sen) (Blue Line) is indicating the mid point of the short-term momentum is sideways. The Ichimoku Cloud Base Line (Kijun Sen) (Orange Line) is indicating the mid point of the mid-term momentum is sideways. The Ichimoku Cloud Lagging Span (Chiikou Span) (Green Line) is indicating momentum is upwards at the moment. Note that BTC has found some support from its Leading Span B (Senkou Span B) Cloud support. Note that gap between the Leading Span A (Senkou Span A) and the Leading Span B (Senkou Span B) levels has shrunk. Bullish confirmation for this 1D timeframe will be when the Leading Span A (Senkou Span A) crosses back over the Leading Span B (Senkou Span B) creating a new Bullish Green Cloud (Kumo). The Average Directional Index (ADX DI) is indicating the trend strength has dropped slightly and is moving sideways with the ADX (Yellow Line) at 35.42 dropping under its 9 Period EMA (White Line) which is at 35.72. The +DI (Green Line) is pointing upwards at 24.42 and the -DI (Red Line) is pointing slightly downwards at 11.96. This indicates that positive momentum has increased and negative momentum has decreased on this 1D timeframe. The Relative Strength Index (RSI) is indicating momentum is upwards at the moment. Note that the RSI (Purple Line) has crossed back above its 9 Period EMA (Yellow Line) indicating upwards strength. Note that the RSI still has room to move up before becoming overbought on this 1D timeframe. If you are still waiting for sub $20K, you might be in for a very long wait especially if BTC creates a new Bullish Green Cloud for this 1D timeframe. I hope tis is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
5
Hitting the 2584 Fibonacci TEMA again. Time to go up! Our timezones and price zones have been hit and we're resting in the 2584 Fib TEMA (triple exponential moving average) on the 30m chart. This is the same place (relative to this TEMA) we were in last time we bottomed. Very high confluence area for wave 2 to reach its low. My time periods indicates this could be our last day before ripping. My target is over $61,000 in BTC for wave 3 top. I will actually be trading ICP because I like the R/R more than BTC and even DOGE.
BITSTAMP:BTCUSDLong
by BuddhaGemFinder
7
SPX: New record high! How to proceed?Hello traders and investors! Let’s see how the SPX is doing today! Once again, we have a new record high, as usual. This is natural, as we have a strong and solid bull trend. Notice how the 21 ema is a reliable support level too, and as long as it keeps above it, the trend will be very bullish. The red line at 4,429 is another technical support, but there’s nothing indicating that it’ll drop to this point. Let’s see the daily chart: The index denied all its possible bearish signs, and it just resumed the trend. And the recent movement reinforces our idea that the 4,429 is the main key point here. As we discussed in our last study, I prefer to use this support to guide myself. If you are on SPX, and are nervous about it, you may just wait for a bearish structure in the 1h chart, like a bearish pivot point or any bearish chart pattern and let the market cash you out. I wouldn't use bearish candlestick patterns in the daily chart, as they fail most of the time. In addition, if the index loses this red line we’ll see a decent pullback. But for now, no bearish structures in the 1h chart, and no bearish signs in the daily chart. I’ll keep you guys updated, and in this case, remember to follow me to keep in touch with my daily analysis. Have a good day.
SP:SPX
by Nathan_The_Finance_Hydra
5
VTHO 4hr chart updateQuick VTHO 4hr chart update: After yesterday’s massive price rise, VTHO has dropped back under the Upper Bollinger Band which should come as a surprise after such a large rise. Note that we have had an extreme expansion on the Upper and Lower Bollinger Bands so a BB contraction and price dip is a possibility and should not come as a surprise. VTHO is back below its Pitchfork Median Line for this 4hr timeframe. VTHO is still above its 50EMA (Yellow Line) for this 4hr timeframe. VTHO is still above its Least Squares Moving Average (LSMA) (White Line). VTHO has found some resistance from Upper Bollinger Band. Note that VTHO is safely above its Bollinger Bands Middle Band Basis 20 Period SMA. VTHO is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. At the moment of typing this, VTHO is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range i have selected. VTHO has closed 7x 4hr Volume Bars above its Volume 20 Period Moving Average and looks like it will close a 8th Volume Bar above it. The Average Directional Index (ADX DI) is showing that the trend strength is still strong with the ADX (Yellow Line) at 56.58 and still above its 9 Period EMA (White Line) which is at 48.46. The +DI (Green Line) has dropped to 39.65 indicating positive momentum has dropped for this 4hr timeframe, but note that the -DI (Red Line) has also dropped to 2.36 indicating negative momentum has also dropped for this 4hr timeframe. Note that the -DI (Red Line) is starting to curve sideways. The Relative Strength Index (RSI) is indicating that momentum is downwards at the moment, note that the RSI (Purple Line) is below its 9 Period EMA (Yellow Line) which is a sign weakness for upwards momentum. Renewed upwards momentum will be confirmed when the RSI (Purple Line) cross back above the 9 Period EMA (Yellow Line) for this 4hr timeframe. The RSI (purple Line) has just dropped out of the Overbought Zone. Here is a closer look at this 4hr timeframe. We could see VTHO range sideways within a range for a few hours/days which would bring the Lower Bollinger Band Upwards, or we could see VTHO drop to its LSMA or 50EMA level as a major support. If the 50EMA fails as support, VTHO could drop back to its Bollinger Bands Middle Band Basis 20 period SMA. If you are waiting for confirmation to place a long, a successfully break ABOVE the Pitchfork Median Line and successful RETEST of that level as support is key, but note that may change as there might be better lower levels to go long if VTHO dips more. Note that the Pitchfork Hagopian Line has acted as very strong support over the last few weeks so this level is crucial for VTHO stop stay above on this 4hr timeframe. I hope this is helpful with your trading and hold-ing.
by entertheroach
1
VeChain quick and dirty 4hr chart updateVeChain is still above its Pitchfork Median Line for this 4hr timeframe. VeChain is still above its 50EMA (Yellow Line) for this 4hr timeframe. VeChain has found some resistance from its Least Squares Moving Average (LSMA) (White Line). If you are waiting for positive confirmation for this indictor, a successful 4hr candle close ABOVE and RETEST off this indicator as support is a potential buy signal for traders who use this indicator. VeChain had dipped in and out of its support zone and found strong support from its Bollinger Bands Middle Band Basis 20 Period SMA and is now back above its VPFR POC. VeChain is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. VeChain is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range i have selected. VeChain has closed 7x 4hr Volume Bars above its Volume 20 Period Moving Average. The Average Directional Index (ADX DI) is showing that the trend strength had dropped with the ADX (Yellow Line) at 28.47 and is below its 9 Period EMA (White Line) which is at 30.22. The +DI (Green Line) has dropped to 18.47 indicating positive momentum has dropped for this 4hr timeframe, the -DI (Red Line) has also dropped to 14.87 indicating negative momentum has also dropped for this 4hr timeframe. There will be more downwards momentum if the +DI (Green line) crosses back under the -DI (Red Line) so its best to keep an eye on this. The Relative Strength Index (RSI) is indicating that momentum is upwards at the moment but note that the RSI (Purple Line) is under its 9 Period EMA (Yellow Line) which is a sign weakness for upwards momentum. Renewed upwards momentum will be confirmed when the RSI (Purple Line) crosses back above the 9 Period EMA (Yellow Line) for this 4hr timeframe. Here is a closer look at this 4hr chart with the LSMA, VPFR levels and the Support Zone I've selected: After last nights dip, VeChain still made a higher low so we will have to see is VeChain can continue to make higher highs and higher lows and as always wee need to keep an eye on what uncle BTC is doing. I hope this is helpful with your trading and hold-ing.
BINANCE:VETUSD
by entertheroach
3
So what's BTC sayingHere's a quick BTC 1D chart update: The BTC Daily Chart is looking really good. BTC is still above its 50EMA and its Bollinger Bands Middle Band Basis 20 Period SMA. BTC is above its Volume Profile Fixed Range (VPFR) Point of Control (POC) for the fixed range i have selected. BTC is above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this chart’s visible range. Volume has dropped slightly and note that yesterday’s daily Volume Bar closed below its Volume 20 Period Moving Average. Nota that BTC has managed to close 6 daily candles above its Pitchfork Median Line and looks like it will make it 7 daily candles. The Average Directional Index (ADX DI) is indicating Positive Momentum has dipped slightly with the +DI (Green Line) at 28.64 but note that negative momentum is also pointing downwards with the -DI (Red Line) at 9.15. The ADX is showing a strong trend with the ADX (Yellow Line) at 36.36 which is still above its 9 Period EMA (White Line) which is at 33.06. The Relative Strength Index (RSI) is showing momentum is upwards at the moment and note that the RSI (Purple Line) is above its 9 Period EMA (Yellow Line) indicating upwards momentum is strong. The RSI is in the Overbought Zone but note that being in the Overbought Zone doesn't mean BTC will drop because the RSI can range sideways in the Overbought Zone for a prolonged period of time or go up further. Worthy of note is the fact that BTC at 1am on the 9th August, CLOSED a Weekly Candle ABOVE its Sideways Channel. Note that the Bollinger Bands Upper and Lower Bands are NOT over extended indicating that BTC still has volatility room to move either UP or DOWN before becoming overextended on this 1D timeframe. We could see BTC range sideways for a couple of days within a range, but if BTC does dip, it may find support from its Pitchfork Median Line or at around $42,698 range which where its Potential Support Range located. All in all, despite the many prophets of doom and soothsayers on TradingView, $20K didn’t happen! So well done if you managed to stock up on BTC at around $29K. I hope this is helpful with your Trading and Hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
2
Quick ADA 4hr Chart UpdateADA 4hr Update: ADA is still safely above its 50EMA for this 4hr timeframe. ADA is above its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this charts fixed range i have selected. ADA is above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range. Note that the last 10x 4hr Volume Bars have been above its Volume 20 Moving Average. ADA is above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that we have had extreme expansion on the Upper and Lower Bands so a re-trace back would not be unexpected. The Average Directional Index (ADX DI) is showing strong positive momentum with the +DI (Green Line) at 42.44 and the -DI (Red Line) at 5.99. The ADX is showing a strong trend with the ADX (Yellow Line) at 40.65 and above its 9 Period EMA (White Line) which is at 32.17. The +DI (Green Line) is showing that positive Momentum has dropped but note that the -DI (Red Line) is showing that Negative Momentum has also dropped. The Relative Strength Index (RSI) is indicating strong upwards momentum and note that the RSI (Purple Line) is in the Overbought Zone. Being in the Overbought Zone does not mean that ADA will drop as the RSI (Purple Line) can range sideways within the Overbought Zone for a prolonged period of time. Note that the RSI (Purple Line) is above its 9 Period EMA (Yellow Line) indicating upwards momentum is strong at the moment. A 4hr candle close above the Pitchfork Median Line and re-test of that level as support is crucial for continued upwards momentum. Note that ADA is also walking up the Upper Bollinger Band, we may see more upwards momentum but because of the extreme BB expansion a slight re-trace back should not be unexpected. If ADA does re-trace backwards, it could drop to its Pitchfork (A,B,C) Lower Green Support Line or lower to it's Bollinger Bands Middle Band Basis 20 Period SMA as potential support levels, but at the moment it looks like ADA might continue walking up the upper band or even consolidate sideways for a few hours bringing the Lower Bollinger Band upwards. As always, we also need to keep an eye or 2 what BTC is doing & may potentially do. Apologies for the lack of post, it’s been a busy time. I hope this is helpful with your Trading and Hold-ing.
BINANCE:ADAUSD
by entertheroach
1