Exponential Moving Average (EMA)
4 hour short call on Votality Calibrated ATRAnother Useful tool in determining short term to mid term targets, and i have been waiting for the 4 hour short after 21 EMA rejection on the weekly and as i stated in My EMA 21 chart i was waiting for conformation once BTC rejected ( HARD) of of the 21 EMA. after being range bound the last 7 days. I'll see you all at 25 k #BTC i am short. good luck traders.
VeChain - Keep an eye on key levelsVeChain analysis:
VET is back above its 50EMA for this 1D timeframe.
VET is still above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that VET is still walking upwards on the inside of the Upper Bollinger Band.
VET has found some resistance from its Pitchfork Median Line. If you are Long and waiting for confirmation then a close and successful retest of the Pitchfork Median Line as support is crucial for you.
VET is above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range.
VET is below its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this charts fixed range that i have selected.
Note that VET has closed 3 volume bars in the green but they have all been below the Volume 20 Period Moving Average.
The Moving Average Convergence Divergence (MACD) is showing strong positive momentum and the MACD Line (Blue Line) is now in the positive zone.
The Average Directional Index (ADX DI) is showing a strong trend with the ADX (Yellow Line) at 29.89 above its 9 Period EMA (White Line) which is at 29.25. the +DI (Green line) has increased to 22.95 and the -DI (Red Line) has dropped to 9.85, this indicates an increasing in Positive momentum while a decrease in Negative Momentum.
The Chaikin Money Flow (CMF) is indicating that the CMF (Green Line) is now back above the Zero Line & back in the Accumulation Zone at 0.02. Note that the CMF (Green line) is way above its Least Squares Moving Average (LSMA) which is at -0.07.
The Relative Strength Index (RSI) is showing strong upwards momentum, note that the RSI (Purple Line) is still safely above its 9 Period EMA (Yellow Line) and note that the RSI still has room to move up before entering the Overbought Zone on this 1D timeframe.
So if you are waiting to go long on VET, a break above the Pitchfork Median Line and successful re-test of that level as support is crucial for you. If VET cannot make it back above the Pitchfork median Line then it could drop back to its Bollinger Bands Middle Band Basis 20 Period SMA as potential support, and as always, we need to keep an eye on what BTC is doing.
I hope this is helpful with your trading and hold-ing.
BTC - Be prepared to adapt to different scenariosBTC Daily Chart Analysis: (Unbiased & just telling it how it is)
BTC is still ranging sideways within its massive sideways channel. Note that even if BTC drops back down to $30K, it will still be considered ranging sideways so you should be prepared for this because it will become more of a possibility especially if BTC continues failing to break ABOVE and more importantly CLOSE a daily candle ABOVE its Sideways Channel Resistance.
BTC has found strong resistance from its 2 resistance levels.
BTC has found some support from around its $38,355 support line area.
BTC is sill above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range.
IMPORTANT: Since the big volume spike on the 26th July, Daily Volume has been DECREASING and note that the yesterday’s Volume Bar closed BELOW its Volume 20 Period Moving Average. We shouldn’t have been shocked by today’s drop, it was inevitable because you can clearly see the Divergence between the previous 4 days Candles and the Volume Bars because it was indicating a rising Price but diminishing Volume.
Note that BTC is still safely above its WEEKLY 50EMA.
BTC is still above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Upper and Lower Bands have started to curve sideways and that this daily Candle is now back inside the Upper Band. Decreasing volatility is to be expected especially after the last few days of increased volatility.
The Moving Average Convergence Divergence (MACD) is indicating upwards momentum is weakening with the MACD Line (Blue Line) curving slightly sideways and notice the green histogram has lightened and decreased in height which is a sign of weakening upwards momentum. The day isn’t over yet so this may change. A very bad sign for longs on the daily will be if the MACD Line (Blue Line) crosses back Under the Signal Line (Orange Line) which would be a major sell signal for most traders.
The Average Directional Index (ADX DI) is indicating Positive Momentum has dropped with the +DI (Green Line) dropping to 31.67, note we also have increasing Negative Momentum with the -DI (Red Line) moving up to 14.62. The ADX (Yellow Line) is starting to curve sideways at 29.17 and the 9 Period EMA (White Line) is pointing upwards at 27.06 so if the 9 Period EMA (White Line) crosses back above the ADX (Yellow Line) then we may see a continued weakening of trend strength on this 1D timeframe.
The Chaikin money Flow (CMF) is indicating accumulation has dropped slightly with the CMF (Green Line) dropping to 0.16. The CMF (Green Line) is still above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.08. You do to want the CMF (Green Line) to cross under the LSMA (Blue Line) on this 1D timeframe.
The Relative Strength Index (RSI) is indicating a big increase in downwards momentum and the RSI (Purple Line) has dropped out of the Overbought Zone for this 1D timeframe. We can expect more downwards trajectory if the RSI (Purple Line) crosses below the 9 Period EMA (Yellow Line) which will be further confirmation of increasing downwards strength on this 1D timeframe.
Potential scenarios if BTC continues failing to CLOSE a Daily Candle ABOVE its Sideways Channel Resistance:
1: BTC drops back to its Bollinger Bands Middle Band 20 Period SMA level as potential support.
2: BTC drops back to its WEEKLY 50EMA level as potential support.
3: BTC drops right back to its Sideways Channel Support at around $31K - $29K levels as potential support.
4: BTC continues to flop around $40,951 - $36,970 ranges.
5: BTC continues to flop around $40,951 - $38,355 ranges.
Obviously this is all my opinion and BTC could be at $64K by tomorrow lunch time ;-) but NOT if it continues failing to CLOSE a daily candle ABOVE its sideways channel resistance ;-)
I hope this is helpful with your trading and hodl-ing.
TSLA Daily BullishNASDAQ:TSLA daily looks ready to continue the uptrend from late 2020.
1. Price broke above the top trendline
2. MACD is about to cross up
3. 5 EMA has come down tight to the 50 EMA and turned up ready to pop
Stacked EMA Wave AnalysisStacks 20 EMAs from 1-300 days with a descending color palette, giving the appearance of depth
ADA - Let's have a look at the 4hr chartADA 4hr chart:
ADA is above its 50EMA for this 4hr timeframe.
ADA is back above its Bollinger Bands Middle Band Basis 20 Period SMA.
ADA is still above its ascending support line.
ADA is above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range.
ADA is above its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this charts fixed range i have selected.
Volume has been increasing and note that the Volume Bars have been above the Volume 20 Period Moving Average for the last 6x 4hr Bars.
The Moving Average Convergence Divergence (MACD) is indicating we may see the MACD Line (Blue Line) may cross back above the Signal Line (Orange Line) which would be a potential buy signal for most traders who use this indicator. Note that the Red Histograms have turned lighter and are decreasing in size.
The Chaikin Money Flow (CMF) is showing a sharp rise in accumulation with the CMF (Green line) rising to 0.10, back in the accumulation zone and back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.02. Note that the CMF (Green Line) has dipped a bit on the start of this new 4hr candle.
The Average Directional index (ADX DI) is indicating Positive Momentum is sideways with the +DI (Green Line) at 27.65 and way above the -DI (Red Line) which has dropped to 15.18. The ADX (Yellow Line) is at 28.56 but still below its 9 Period EMA (White Line) which is at 29.44. Note that the ADX (Yellow Line) is starting to curve upwards so we may see the ADX (Yellow Line) eventually cross back above the 9 Period EMA (White Line) which would be a sign of good upwards trend strength if the +DI (Green Line) stays above the -DI (Red Line).
The Relative Strength Index (RSI) is indicating upwards momentum has increased with the RSI (Purple Line) back above its 9 Period EMA (Yellow Line). Note that at the moment of typing this, the RSI has dipped slightly indicating a weakening of upwards momentum.
All in all ADA is looking quite strong on this 4hr chart and looks even better on the Daily and Weekly charts. Obviously we need to keep an eye on what BTC is doing and whether or not BTC can successfully break upwards from its sideways channel. If the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) then we should see increased upwards momentum.
Again my charts are not price prediction charts but more educational explaining what the indicators i have selected are actually indicating so i hope this is helpful with your Trading and Hold-ing.
VTHO - what's going on the 4hr chartA quick look at the VeChainThor (VTHO) 4hr Chart:
VTHO is still above is 50EMA for this 4hr timeframe.
VTHO is still above its Bollinger Bands Middle Band Basis 20 Period SMA.
VTHO had shot up outside its Bollinger Bands Middle Upper Band but has now re-traced back below the Upper Band.
Overall Volume has increased and note that the last 6 Volume Bars have been above the Volume 20 Period Moving average on this 4hr timeframe.
At the moment VTHO is back above this charts Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range I’ve selected.
At the moment VTHO is above this charts Volume Profile Fixed Range (VPFR) Point of Control (POC) for this charts fixed range I’ve selected.
Ideally we need VTHO to close this 4hr candle above its 2nd resistance line.
The Moving Average Convergence Divergence (MACD) is indication a sharp rise in positive momentum and note that the MACD Line (Blue Line) is in the positive zone and back above its Signal Line (Orange Line). Note that this 4hr histogram bar has decreased in size and has gone lighter indicating a weakening of upwards momentum for this 4hr timeframe.
The Average Directional index (ADX DI) is showing Positive momentum has dropped but is still strong with the +DI (Green Line) at 43.23 and still above its -DI (Red Line) which has dropped to 5.74. The ADX (Yellow Line) is indicating a string trend at 35.56 and above its 9 Period EMA (White Line) which is at 26.77. We do not want the +DI (Green Line) to cross back under the -DI (Red Line) on this 4hr timeframe.
The Chaikin Money Flow (CMF) is showing that accumulation has dropped slightly to 0.09 but note that the CMF (Green Line) is still above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.03. We need the CMF to stay in the accumulation zone for renewed upwards momentum.
The Relative Strength Index (RSI) is indicating upwards momentum has dropped and the RSI (Purple Line) has dropped out of the Overbought Zone. Note that at the moment the RSI (Purple Line) has dropped back under its 9 Period EMA (Yellow Line) which is a sign of weakening upwards momentum. So we could see more of a drop before the price starts picking up, especially if BTC doesn't pick up.
I thought i’d break it up a bit and do a quick analysis of some of my other crypto holdings, in this case VTHO.
I hope this is helpful with your Trading and Hold-ing.
VeChain - Lets have a look at yaVeChain daily chart update:
VeChain had broken upwards through its Falling Wedge Pattern on the 22nd July.
VET has broken upwards through its downward trend-line and successfully re-tested it as support 4 days ago.
Note that VET had successfully tested its Major Longterm Upwards Trend-line as support twice on the 20th-21st July.
As noted on the chart, VeChain may have a new Support Line if VeChain closes this daily candle above it and turns it into support.
VET has found some resistance from its 50EMA and has dropped below it. We 110% need to close a daily candle above this crucial level and turn it into strong support on this 1D timeframe.
VeChain is above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe.
VeChain is slightly above its Bollinger Bands Upper band so we may see a drop back under the Upper Band or VET may continue walking upwards on the outside of the Upper BB.
Volume has increased and notice that todays volume bar is way above its Volume 20 Period Moving Average.
VeChain is back above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range that I’ve selected.
If VET goes higher, we can expect strong resistance at around. $0.0955
The Moving Average Convergence Divergence (MACD) is showing that the MACD (Blue Line) is still above its Signal Line (Orange Line) and we have Green Histograms of increasing size. We may see the MACD Line (Blue Line) cross back over the 0.0 Level into the positive zone. This would mean that a 12 Period EMA has crossed back over a 26 Period EMA on this 1D timeframe, this would be a very good thing. Note that the MACD Line (Blue Line) has not been in the positive zone above the 0.0 level since 17th May 2021 for this 1D timeframe.
The Average Directional Index (ADX DI) is indicating Positive Momentum has finally overtaken Negative Momentum on this 1D timeframe. The +DI (Green Line) is at 24.82 and has crossed over the -DI (Red Line) which is at 15.46. The ADX (Yellow Line) is starting to curve sideways at 28.46 but still below its 9 Period EMA (White Line) which is at 30.13. Note that this is the fist time the +DI (Green Line) has been above the -DI (Red Line) since 11th May 2021 for this 1D timeframe.
The Chaikin Money Flow (CMF) is indicating a sharp rise in accumulation with the CMF (Green Line) rising from -0.15 to the Zero Line at 0.0. Note that the CMF (Green Line) is back above its Least Squares Moving Average (LSMA) (Blue Line) which is at -0.13. It's a good sign of accumulation strength when the CMF (Green Line) is above the LSMA (Blue Line).
The Relative Strength Index (RSI) is showing a sharp rise in upwards momentum with the RSI (Purple Line) rising to 59.43 from back when it was in the Oversold Zone on the 20th July. Note that the RSI (Purple Line) is back above its 9 Period EMA (Yellow Line) which is at 44.86, this is a good sign of upwards strength.
Congrats if you managed to buy VET at $0.056 or near enough. This rise is great but we shouldn’t jump the gun & we obviously need to keep an eye on what BTC is doing and whether or not BTC can break out upwards from its sideways channel. For VeChain, the daily 50EMA is a crucial level to watch. If VeChain fails to close a daily candle above the 50EMA then VeChain may drop back to its Bollinger Bands Middle Band Basis 20 Period SMA, but at the moment it’s looking very promising VET will close above the 50EMA, but again its best to wait for confirmation if your uncertain to go Long.
I hope this is helpful with your Trading or Hold-ing
ADA - 1W ChartADA Longterm Weekly Chart:
ADA is still above its Weekly 50EM.
ADA is back above its Upper Yellow Pitchfork Resistance Line, ADA needs to close this Weekly Candle above it.
ADA has found some resistance from its Bollinger Bands Middle Band Basis 20 Period SMA for this 1W timeframe.
Note that the Bollinger Bands Lower Band is starting to curve upwards for this 1W timeframe.
Worthy of note is that ADA never got anywhere near its Longterm Upwards Pitchfork Median Line.
Note that Weekly Volume is still low and note that the Volume 20 Period Moving Average is also sloping downwards.
The Moving Average Convergence Divergence (MACD) is showing that the MACD Line (Blue Line) is still in the positive zone and starting to curve sideways. Note that the MACD Line (Blue Line) is still below its Signal Line (Orange Line). Note that this week’s Red Histogram has decreased in size and has also lightened indicating a weakening of negative momentum for this 1W timeframe at the moment.
The Average Directional Index (ADX DI) is indicating Positive Momentum has increased and Negative momentum has decreased. The +DI (Green Line) has risen to 20.29 and the -DI (Red Line) has dropped to 16.32. Note that the ADX (Yellow Line) is at 46.09 starting to curve slightly sideways but is still below its 9 Period EMA (White Line) that is at 56.21. Note that during this downtrend we did not have a +DI (Green line) cross back under the -DI (Red Line) on this 1W timeframe and note that the +DI (Green Line) and -DI (Red Line) are starting to move away from each other on this 1W timeframe.
The Chaikin Money Flow (CMF) is indicating accumulation has increased with the CMF (Green line) rising back into the Accumulation Zone to 0.07 and crossing above its Least Squares Moving Average (LSMA) Blue Line) which is at 0.06. The CMF (Green Line) crossing back above the LSMA (Blue line) is a good sign of accumulation strength for this 1W timeframe The bigger the gap between the CMF (Green Line) when its above the LSMA (Blue Line), the better.
The Relative Strength Index (RSI) is showing upwards momentum has increased with the RSI rising to 53.07 but note that the RSI (Purple Line) is still below its 9 Period EMA (Yellow Line) which is at 55.87 for this 1W timeframe. This is indicating that positive momentum still has a lot of potential to move up before reaching the Overbought Zone on this 1W timeframe.
Looking at ADA on this 1W timeframe, you can clearly see that during the recent downtrend, ADA was one of the least effected cryptos and looking at this 1W chart really put it in perspective. If you are Longterm Long then closing this weekly candle ABOVE the Pitchfork Median Line and back ABOVE the Bollinger Bands Middle Band Basis 20 period SMA will be a very good sign of renewed longterm upwards strength.
I hope this is helpful with your trading and hodl-ing.
BTC - daily chart updateBTC Daily Chart Update:
BTC is back above its Weekly 50EMA.
BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA.
At the moment, BTC is above its Bollinger Bands Upper Band so we could see a re-tracement back under the Upper Band or BTC could continue walking up on the outside of the Upper Band.
BTC has broken upwards from its Descending Channel and Descending Triangle.
BTC is still in its Sideways Channel.
BTC is back above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range that i have selected.
Volume has increased & note that todays Volume Bar is above its Volume 20 Period Moving Average.
The Moving Average Convergence Divergence (MACD) is showing that the MACD Line (Blue Line) has crossed back above the Zero threshold, this indicates that a 12 Period EMA has crossed back above a 26 Period EMA on this daily chart. Note that the Green Histograms are increasing in size and that the MACD Line (Blue Line) is still above its Signal Line (Orange Line) for this 1D timeframe. Note that this is the first time that the MACD Line (Blue Line) is back in the positive zone above the 0.0 level since 11th May 2021.
The Average Directional Index (ADX DI) is showing that Positive Momentum has overtaken Negative Momentum with the +DI (Green Line) crossing back above the -DI (Red Line). The +DI (Green line) has risen sharply to 35.72 and the -DI (Red Line) dropping to -15.98. The ADX (Yellow Line) is at 24.27 pointing upwards but still below its 9 Period EMA (White Line) at the moment which is at 25.69. Note that this is the first time since 25th March 2021 that the +DI (Green Line) has successfully crossed back ABOVE the -DI (Red Line) for the 1D timeframe.
The Chaikin money Flow (CMF) is indicating accumulation has increased with the CMF (Green Line) rising sharply to 0.14 with the CMF (Green Line) back in the Accumulation Zone and back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.03.
The Relative Strength Index (RSI) is indicating a sharp spike in upwards momentum with the RSI (Purple Line) back above its 9 Period EMA (Yellow Line). Note that the RSI still has a bit more room to move up before entering the Overbought Zone for this daily timeframe.
For the longterm, we need BTC to successfully break upwards from its Sideways Channel Resistance and turn that resistance line into strong support. If BTC cannot successfully do that, then BTC with just continue ranging sideways within its massive sideways channel & possibly drop back to its Weekly 50EMA and Bollinger Bands Middle Band Basis 20 Period SMA.
I hope this is helpful with your trading and hodl-ing.
CHGG WeeklyNYSE:CHGG weekly is ready to continue its uptrend. Last week gave a very bullish outside engulfing bar right as the 5 EMA crossed the 20 EMA. It is a very strategic spot and it is aligned with the MACD crossing up as well.
BTC/USD: Bitcoin could to leading down toward the EMA 200At the moment, anayzing the weekly timeframe, it's look extremely bearish for Bitcoin. I thinking that Bitcoin could to leading down toward the EMA 200 in the average price of $19,000 USD. That level it's a higher price when Bitcoin reached on 2017 near of $20,000 USD per coin. THE RSI and MACD are bearish together with the price action.
BTC - Lets have a look shall weBTC 1D Chart Update:
BTC is still Ranging Sideways within its Sideways Channel. Remember that Sideways Ranging is NOT done at a constant level but WITHIN a range of values.
Note that BTC has failed to make any recent higher highs over the last couple of days.
BTC is below its WEEKLY 50EMA. BTC HAS closed 8 Weekly Candles in a row BOVE its Weekly 50EMA. This is a VERY crucial week as BTC needs to close this weekly candle ABOVE its WEEKLY 50EMA. Failure to day so may cause further downwards momentum.
BTC is still below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Upper and Lower bands are indicating Sideways Volatility but that the Lower Band is curving slight upwards.
BTC is in another potential Descending Triangle Pattern. A Descending Triangle Pattern is a potential Bearish Continuation Pattern, so if you are LONG then you need to wait for a successful breakout of the Descending Trend-Line with a successful re-test of that level as strong support. We need to keep an eye on this pattern very carefully.
BTC is also in a Descending Channel Pattern. A break above the upper Resistance Line and successful retest of the resistance as support will be confirmation of a potential reversal to the upside, or failure to breakout will, be possible bearish continuation.
BTC is still below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range that i have selected.
Daily Volume is still low and todays Volume Bar is still below its Volume 20 Period Moving Average. Note that yesterdays Volume Bar was slightly above the Volume MA.
The Moving Average Convergence Divergence (MACD) is indicating we have had the MACD Line (Blue Line) cross back under the Signal Line (Orange Line) which is a sell signal for most traders that use this indicator. Note we have negative Red Histograms forming.
The Average Directional index (ADX DI) is indicating the trend strength is increasing with the ADX (Yellow Line) rising to 26.76 and getting very close to crossing back above its 9 Period EMA (White Line) which is at 27.34. Note that the -DI (Red Line) has actually dropped to 24.82 but is still way above its +DI (Green Line) which is at 12.92. This is showing me that the -DI (Red Line) which is Negative Momentum had dropped quite sharply but the +DI (Green Line) which is Positive Momentum has also dropped.
The Chaikin Money Flow (CMF) is indicating a sharp rise in accumulation with the CMF (Green Line) rising from 0.05 to 0.13. note that the CMF (Green Line) is back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.08 and tis indicates a rising strength in accumulation.
The Relative Strength Index (RSI) is indicating momentum is downwards at the moment. The RSI (Purple Line) is below its 9 Period EMA (Yellow Line) indicating downwards momentum is strong. Note that the RSI (Purple Line) is getting closer to the Oversold Zone.
Here is a look at the BTC Weekly Chart. Looking at this chart, you can clearly see that the Weekly 50EMA is VERY crucial level for BTC to continue to close above.
This is a VERY crucial week for BTC. BTC needs to CLOSE a WEEKLY Candle back ABOVE the WEEKLY 50EMA. Even though BTC is below the WEEKLY 50EMA, BTC is still Ranging Sideways within its sideways channel. The indicators are telling me that although momentum is downwards, Trading Volume is still relatively low but BTC is still being strongly accumulated. With overall Trading Volume Low, from My perspective this indicates a lack of Big Institutional Money. Remember that Retail money does not move the market, big institutional money does. Note that it is the institutional money that is put in AFTER they have accumulated their asset of choice, that moves the market up, NOT the money used in the accumulation phase.
As we’ve seen recently, the Fundamentals for BTC, ADA, VET & most cryptos are truly amazing, but the Technicals are utter crap at the moment unless you’re short selling. Looking at the way the world is going, I have no doubt that soon the technicals will match the fundamentals, in a big way.
This should be a very interesting couple of days.
I hope his is helpful with your trading and hold-ing.
VeChain - 1D Chart Analysis UpdateVeChain 1D Chart Update:
VeChain is still below its Bollinger Bands Middle Band 20 Period SMA. Note that we have expansion of the Upper and Lower Bands indicating increased volatility but on the negative side.
VeChain is still following the its Major Downwards Trend-Line and is having real trouble crossing above it. If you are long then a breakout and successful re-test of this level as support is crucial.
VeChain is getting very near to its Major Upwards Longterm Trend-Line. We 110% do not want VeChain to close a Daily Candle below this level.
VeChain is still on the upper side of its falling wedge pattern.
I have added some support areas if VeChain breaks below its Major Longterm Upwards Trend-line.
Note that the overall Volume is still low on this daily timeframe and the Volume Bar is still below its Volume 20 Period Moving Average.
VeChain is still below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts Visible Range I’ve selected.
The Moving Average Convergence Divergence (MACD) is indicating trend momentum is sideways but note that it looks like we may see the MACD Line (Blue Line) cross back under the Signal Line (Orange Line) which would be a sell signal for most traders so we may see another downwards drop that would also create Red Histograms indicating sellers are in control. Note that the Green Histograms have also decreased in size indicating a weakening of buying strength.
The Average Directional Index (ADX DI) is showing the downtrend has gotten stronger with the ADX (Yellow Line) rising to 28.42 and back above its 9 Period EMA (White Line) which is at 27.22. Note that the -DI (Red Line) has actually dropped sharply to 20.61 but is still below its +DI (Green line) which is at 9.25. So even though the -DI (Red Line) which is Negative momentum has dropped, the +DI (Green Line) which is Positive Momentum is still showing a big lack of upwards strength at the moment, but note it has not dropped as sharply at the -DI (Red Line).
The Chaikin Money Flow (CMF) is indicating accumulation has actually increased with the CMF (Green Line) rising from -0.03 to +0.03 in the accumulation zone. Note that the CMF is back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.00.
The Relative Strength Index (RSI) is indicating momentum is downwards at the moment, The RSI (Purple Line) is below its 9 Period EMA (Yellow Line) indicating strong downwards strength. Note that the RSI is getting very near the Oversold Zone on this 1D timeframe so be on the look out for any divergence between Price and the RSI for potential reversals.
From my perspective, at the moment for VeChain and the whole Crypto Market, overall traded Volume is still low indicating a possible lack of big institutional money. Remember that retail money doesn’t move the market, big institutional money does. Note that it is the institutional money that is put in after they have accumulated their assets that moves the market up, not in the accumulation phase.
If VeChain breaks downwards through its Major Upwards Support Line and closes a daily candle below it, then there is a possibility VeChain may drop to $0.035. Note that even though Volume is Low, crypto assets are still being accumulated.
If you are waiting to go long on VeChain but need confirmation, then a breakout of the Major Downwards Trend-Line and a successful re-test of it as support is what you will need to wait for. After that, another is a breakout and support test of the Bollinger Bands Middle Band Basis 20 Period SMA. If you are Dollar Cost Averaging (DCA) & if VeChain breaks downwards through its Major Longterm Upwards Trend-Line, then there could be really good opportunities to acquire more VeChain at a cheaper price.
The Falling Wedge could indicate that we are coming to end of this downwards pressure but we could see a re-test of $0.058 before a potential breakout, but remember that we are at the mercy of BTC so we have to keep an eye on what Bitcoin is doing as any new potential drop with BTC will effect all alts as well.
I hope this is helpful with your Trading and Hodl-ing.
NEOUSD Entry Price 33.86Close Price 33.86
EMA 10 Close Price 33.95
EMA 20 Close Price 34.17
Fibonacci Retracement Level 38.2% (Price 33.69)
BA Filling Out Huge Triangle1. Boeing is filling out a huge triangle, with the base formed by the 75% price drop from March 2020. It has consistently tested the bottom leg of the triangle and responded with strength, each time reaching the top leg of the triangle. The triangle is narrowing around current price, and a break to the topside would yield significant upside after this long consolidation. Repeated strength at the bottom leg is significant to the bull case, and currently indicates upside strength.
2. There was a fake breakout of the triangle in March of 2021, forming a small peak at 260.00. A few months later, price touched the top of the triangle at 258.00. The next target on the triangle is around 262.00, so the resistance range is 258.00-262.00.
3. Price just tested the bottom leg of the triangle, and the 200 EMA (blue) has fallen out of the triangle. For the bull case, the 200 EMA needs to cross back into the triangle for confirmation of a continued uptrend. Following this, price should test the top of the triangle and continue to fill it out. Earnings at the end of the month could weigh heavy on price, and a positive report can break the triangle to the upside.
ADA - Lets look at the weeklyADA a look at the Longterm weekly chart
ADA is back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1W timeframe. Note that the Lower Band has fully contracted upwards & the direction of the Upper and Lower Bands is now sideways for this 1W timeframe.
ADA is well above its 50EMA for this 1W timeframe.
ADA is still safely above its Pitchfork (A,B,C) Median Line. Worthy of note is the fact that ADA has NOT closed a Weekly Candle Below its Upper Yellow Pitchfork Support Line for 21 weeks in a row.
Notice that Volume is still relatively low for this 1W timeframe with the Volume Bar still below its Volume 20 Period Moving Average. Note that the Volume MA is also dropping because of the drop in weekly volume.
The Moving Average Convergence Divergence (MACD) is showing the MACD Line (Blue Line) is still below the Signal Line (Orange Line) and has created 4 Red Histograms so far. Note that the MACD is a momentum and trend indicator so the MACD level can drop with prolonged sideways momentum as we are seeing here. Note that the MACD Line (Blue Line) is still in in the positive zone above the 0.0 Base Line. We do not want the MACD Line to cross under the 0.0 Base Level on this 1W timeframe. If it did do that, it would mean a 12 Period EMA has crossed under a 26 Period EMA on the 1W timeframe which we absolutely do not want to happen, unless your short-selling.
The Average Directional Index (ADX DI) is showing the trend strength has dropped with the ADX (Yellow Line) at 55.56 below its 9 Period EMA (White Line) which is at 63.45. The +DI (Green Line) is at 20.39 and still above its -DI (Red Line) which is at 13.91. Note that the +DI (Green Line) and -DI (Red Line) is showing overall positive and negative momentum is sideways with a slight slope to the downside. This is showing me that Positive Momentum is still stronger than Negative Momentum on the 1W timeframe.
The Chaikin Money Flow (CMF) is showing that accumulation has dropped with the CMF Line (Green Line) at 0.06 still in the accumulation zone but under its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.14. We do not want the CMF (Green Line) to cross over into the Distribution Zone on the 1W timeframe.
The Relative Strength Index (RSI) is indicating momentum is downwards at the moment so i would say “sideways within a range”. Note the RSI (Purple Line) is showing upwards weakness by being below its 9 Period EMA (Yellow Line).
Looking at the Ichimoku cloud for this 1W timeframe:
ADA is still in the Bullish Zone of the Ichimoku Cloud.
ADA is still above its Base Line (Kijun Sen).
The Conversion Line (Tenkan Sen) is indicating the mid point of the short-term momentum is upwards.
The Base Line (Kijun Sen) is indicating the mid point of the mid-term momentum is sideways.
The Lagging Span (Chikou Span) is indicating momentum has a light slope downwards so more like sideways within a range.
Note that the Cloud (Kumo) is still Bullish Green for this 1W timeframe.
Settings used for the Ichimoku Cloud = 20, 60, 120, 30.
So during this downtrend, can ADA drop more…… well yeh of course it’s always a possibility especially if BTC takes another nose dive. But as we have seen during this downtrend, ADA has shown superior recovery strength when compared to most other major crypto assets. With the advent of smart contracts on the horizon and the future prospects of the various Africa deals finally being put in motion, from my perspective, even if you are a BTC or Ethereum maxi, it shouldn’t really matter, so ADA should be in everyones longterm portfolio. Also, if your not actually trading ADA, then just stake it for an easy monthly passive income. From my perspective, the future look extremely bright for ADA.
Don’t know why I decided to do this mammoth post, but here it is, so I hope this is helpful with your trading and hold-ing. :-)
