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NEWWAVESLV Inv H and S showing strong upside to R5.54Inv H and S has formed on the NEWWAVESLV. And the price has recently broken above the neckline. We can expect a retest to the support (which was resistance) before the next move up. Other indicators show upside to come including: 7>21>200 RSI>50 My first target is to R5.54 - Bullish Biased ABOUT THE NEW WAVE SLV ETN The NewWave Silver ETN is issued by Absa Bank Limited. ETNs such as this one are unsecured debt securities that promise to pay the return of a specific index, minus investor fees. NewWave Silver ETN aims to provide investment results that closely correspond to the performance of the silver price in dollars. This ETN is designed to track the price of silver and provides a way for investors to gain exposure to the silver market without having to physically own the metal. The ETN is subject to the credit risk of Absa Bank. In other words, if Absa Bank were to default or become insolvent, investors may lose some or all of their investment. Unlike exchange-traded funds (ETFs), ETNs like NewWave Silver don't actually own any underlying assets. Instead, they're backed by the issuer – in this case, Absa Bank. The silver price is influenced by several factors including supply and demand dynamics, market sentiment, the strength of the U.S. dollar, and economic and geopolitical events.
NLong
by Timonrosso
1
VXX (VIX ETN) hints yet again of increasing volatilityRushing this out before market opens... The VIX index is rather special (to me) and it is not feasible to use usual technical analysis on that chart IMHO. So, I use the VXX (VIX ETN) for a better idea when volatility spikes might occur. Am observing one just now with an apparent alignment of weekly adn daily factors in the charts. On the weekly chart, noted that there was previously a bullish divergence where the VXX kept going lower whilst the MACD (left lowest bottom panel) crept up. Noted that when we had the MACD crossover, the following week(s) come with volatility spikes. There is an early indication that we might see a MACD crossover this or next week, suggesting that August would be volatile. The candlestick formed last week gapped up, attempted to close the gap, but closed at the high. This is a rather bullish candlestick, and an identified wedge breakout just might happen this week. The daily chart uncannily bears (pun not intended) a similar pattern, but with more details, as the last day of last week closed in a similar looking candlestick, along with a gap up (that attempted to close and reopened), as well as a MACD crossover. These MACD crossovers in 2022 have been marked, last posted about this on 12 Feb 2022, which saw a period of higher volatility. Then formed the identified wedge, and bouncing off the wdge support twice, this time, it suggests that volatility is about to spike, and would probably breakout of the wedge. Taken together, this uncanny alignment forewarns of clear and present volatility for the weeks to follow... Having said that, I suspect that this is might be a short and sharp spike that could end the bearish status for a couple of months until we get into 2023. That's another discussion altogether. Meanwhile, hold on to your pants, be ready for the volatility storms!
CBOE:VXX
by Auguraltrader
1
BTC - 42K whale trend very important for the breakout to 44K Hello trading friends, Depending on the study trend - it seems the whale effect protects the trend of 42K, we have seen this more times into a low time frame - but this is of course not a guarantee for a side. Depending on TA and trends BTC is still on an uptrend. There is a high chance that the 42K trend will bring BTC to the split zone of 44K. We will follow the trend coming time, and to see also or there are unexpected trends. even if BTC goes below 42K with a fast hit, it's about the time frame and we know from history trends breakouts can take some time. Have good time # This is not a trading call - trade only depending on your setups.
Long
by watchtrend
CAUTION: VXX Is Broken!The pricing of the VIX futures tracking ETN VXX no longer reflects reality. Barclays has halted new issuance of both the VXX and OIL ETNs. Existing shares of VXX are being bid up far beyond the movement in the underlying futures market. As I mentioned in a previous post, (linked below), I believe the VIX is setting up for a breakout to the upside. I strongly caution against trying to trade VXX right now. For one, trading has been halted repeatedly, which may happen again, and you NEVER want to get stuck in a position that you can't trade out of. For another, VXX pricing is no longer tracking the VIX futures, so it's impossible to predict how VXX will respond to a significant move in the VIX futures. When the price action in a market is irrational, technical levels become irrelevant, fundamentals become irrelevant, and you can't expect logical price movements from the market. For example: See the recent price action in crude oil futures (CL1!). One of the most valuable skills in trading is recognizing when not to trade. VXX right now is like a crate of 100 year old dynamite sweating nitroglycerine in the desert heat. DON'T TOUCH IT! Stay safe out there traders!
CBOE:VXX
by iamroot
1
BTC - NEW WEEKLY CHART ABOUT TO START - WHALE RED TRENDHello trading friends, The new weekly chart will confirm soon - most of the time is the weekend not the real volume trend of BTC - as more stock market makers enter the trend and leave also when stock markets opening. The new weekly trend could make a change - and since the whale trend is into the red zone - a new difference change can come. Depending on the ETN tool update - BTC is expecting are to break down in the coming time. Further info read the next chart view: Data: BTC can play between the 2 ranges that we did add before - but since the whale data are red - it's no trading zone. # we will wait for the new weekly chart to get a confirmation of the trend. A real whale trend makes a directly real change - trending with small up and downtrend means not much for the real whale trend, as in most time is that to make a price action for manipulation trend. and False Flags are always a trend for crashes. Have a great time. # if you like the content give it a like and follow - Thank you
Short
by watchtrend
6
THE 48K BREAKOUT IS ONE OF THE IMPORTANT BREAKOUTS FOR BTCHello trading friends, This is a small trend with details about the possible breakout that we can expect coming time. When we check BTC into a backtesting mode - then we see we had more breakouts, one of which are the ELON MUSK ZONE breakout - a time with the hype of tesla, and before more breakouts - By that breakouts, we learn a lot and try to find the data and statistic between the reasons of breakout. 32K was before an important point for a breakout point, the same for the 42k area depending on history trends. At this moment we are into a change of 4K difference between the 48K ETN tool expecting target. How high is the change that we can see this breakout coming? To confirm this data we should wait on the 45K trend - it's a trend where more give an eye on it. Further depending on the Fomo effect handle orders - it's a possibility that we could get a breakout that even can make a 4K price change, this could go also in 2 parts like hitting the 46400 USD trend, and with the days after the 48K trend. 48K is a golden target - and we will follow it to see if the next breakout will be there. so it means not that we should get directly a breakout to 48K - know it's crypto and it can take some time - as long the data shows green then the possibility of the breakout is there. Have a great day all - wich you best trades If you did like the content - like and follow - thanks. This is not a trading call - manage always your risk.
Long
by watchtrend
MD330 Whale trend looks for Building 45k+ Volume trend.Hello trading friends, This is a small view from the MD330 trend - There is a whale trend that builds an increased power volume, this is what can result later in a possible 45K, we will follow the trend coming time. Building new power volume trends can be with manipulation trends and as before it's about the end goal of the whales. but there is not always a reason that manipulation trends should take a place 44K is an important zone for building this new increase trend by the MD330 trend to 45k+. Manage your risk well, and know trading can be in all ways risky. Always wait for confirmations. staying out of trades means no loss. Have a great day.
Long
by watchtrend
ETN TOOL FOR POSSIBLE 40-42K TREND AREA Coming time 2022Hello trading friends, This is an ETN tool update depending on last trends - Bitcoin is at this moment into breakdown trend - But this update should not change your plan if you have long term plan. also is this just a view from the ETN tool - you should always study the trend by yourself and confirm before entering any trade. know that trading any sides has risks. We had before more ETN tools update - all of the ETN updates did hit on bitcoin, and today with new ETN update for 40-42K price action bitcoin. The circa price is 41k for this expecting depending on the ETN tool. What means the ETN tool? It's a tool that predicts depending on whale transactions - data, trends. Can the ETN tool be wrong? Yes, it's possible there is noting 100% into trading, until now the tool is 100% right. This update is long term update, it means not that it should happen in short term. And also this update means not that we should not trade BTC long. Have a grea t day. # soon more short-term updates for Bitcoin.
Short
by watchtrend
3
ETN/USDT - Electroneum Double Bottom reversal Electroneum The SHIB of the pre-2020 crypto markets! This was the fanboys coin at one point, lots of coins, lots of promises such as mobile phone mining and other ilk It still has many people behind it, probably mostly HODLers who still being too greedy to sell as they want it to go to $1 before they cashout! So technically we can see a clear double bottom on the daily, RSI, VixFix & Cycle of Power, indicators showing a clear opportunity for a reversal, easy 20%+ gains on this coin, even more, if u wanna let it ride but don't get caught holding too long, market still a bit funny after bitcoin closed a wee bit under on the weekly candle this morning, but as confidence rises in the next weeks we could see a good load of people buying into alts such as ETN Stop Loss can be as tight as you want but give at least 5%, just dont be a bag holder here, as lower prices are possible if market volume falls Will hunt for some more golden opportunities and coins we can make a few bucks from quickly and easily, so please thumbs up and follow me for more ideas Have a powerful week ahead Majorlee x
Long
by majorlee