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Exponentialmovingaverages

VeChain - Yep!........ still undervaluedWhile ADA does its thing and continues to make me nice profit, let’s have another look at the most undervalued Crypto ever. A Crypto with a client base that would make any FTSE100 corporate salivate with jealousy. At the moment of typing this, if we look at the daily chart, VeChain has found support from its Conversion Line (Tenkan Sen). If we cannot close this new daily candle above it then we may wick down to our 50EMA or possibly its Base Line (Kijun Sen) which has acted as strong support 3 times over the last 10 days, so if we do wick down, it looks possible we won’t go below the 50EMA, But that is if we cannot close above the Conversion Line (Tenkan Sen) or the Bollinger Bands Middle Band Basis on the daily. The Lagging Span (Chikou Span) is inside the wick of the Price from 30 Periods ago which is indicating possible uncertainty or possible sideways trading. The RSI is at 55 indicating Sideways momentum. The ADX DI SMA is showing that the ADX (Yellow Line) is at 17.5 and has crossed back over its 10 Period SMA which is at 16.5. The +DI (Green Line) is at 16.4 and the -DI (Red Line) is at 7.7 indicating an uptrend but it is a weak uptrend because the ADX is at 17.5. A real show of strength will be if VET can close above its resistance at $0.035 and turn that into strong support. I'm not to sure on the dates but i believe that VeChain has an upcoming update called PoA 2.0 SURFACE Consensus Algorithm which will apparently enable VET to make millions of Transactions TX a day. Like i said, I’m not to sure on the release date, but i think its sometime this year so if anyone can confirm, please let us know. I still feel that VET is the most criminally undervalued crypto in the ever, and seems to have gone completely under the radar of most. VET is a blockchain that is actually being used by real companies in real world situations. Maybe once the PoA 2.0 SURFACE Consensus Algorithm goes live, we’ll start to see larger movements upwards. Even at $0.03, i still think VET is an absolute steal 💪. I hope this is helpful 🙏
BINANCE:VETUSDLong
by TradingThroughTheLens
2
VeChain - Criminally UndervaluedSo let’s have a look at the most criminally undervalued crypto EVER. A Blockchain that is everything most if not all other cryptos aspire to be, and has a client base that would make any corporate gasp with Jealousy. I’m talking of course about XRP........ 🤣 only kidding 🤣. At the moment of typing this, VeChain has found support at its 50EMA on the daily chart, slightly below that is its Ichimoku Cloud Base Line (Kijun Sen) which is also potential support. The RSI is showing sideways momentum. The ADX DI SMA is showing that the +DI (Green Line) is at 11,7 & the -DI (Red Line) is at 10.9 so an uptrend but it can switch over. The ADX (Yellow Line) is at 16 so that is showing its a weak uptrend. The ADX line has also dropped below its 10 period SMA (White Line) which is at 16.6. If the Price stays above the 50EMA the we can easily cross back over the SMA after a bit of consolidation. The Lagging Span (Chikou Span) is inside the Price from 30 Periods ago, so this shows uncertainty in the market or potential sideways trading. Our Bollinger Bands Upper and Lower Bands are both pointing inwards indicating VET may consolidate with a potential rise up to the Middle Band. This all depends on if VET can stay above the 50EMA and the Base Line (Kijun Sen) on the Daily Chart. If VET does drop further than it may WICK down to its 100EMA but i don’t think it will stay there. I believe VeChain has a very bright future, it is the only 5 Star rated Blockchain in the world and is actually being used by multiple companies in real life situations from Walmart China to Covid tracking, so speculation isn’t even an issue. What i find crazy, is that people are willing to put $1,000 on Bitcoin at $42,000 or $1,000 on XRP at $3.5 on speculation, but will pause & are less willing to put $1,000 on VET at $0.025. The way i see it, anything you accumulate under $0.1 for Vechain is an absolute steal. Let me tell you this, I swapped all my XRP for VET when VET was $0.009 and I’ve never looked back. It might be best to wait to see if this Daily Candle closes above the 50EMA before rushing in for a Long position as there might be better lower entries if VwChain WICKS below the 50EMA and Base Line (Kijun Sen). I hope this is helpful & good luck 👍
BINANCE:VETUSDLong
by TradingThroughTheLens
5
Bitcoin - Descending TriangleThis is actually a possible short, but I've put it as neutral because BTC does need to break downwards through a strong area of support. If we look at the daily chart, BTC failed to close its daily candle on the 29th above its descending resistance line and is now still back below it indicating sellers took control. As we can see, Bitcoin is in a Descending Triangle, the base of the Descending Triangle is around the same level as its 50EMA and the Ichimoku Cloud Base Line (Kijun Sen). If BTC breaks this support then it'll drop to around its 100EMA level. A worse case scenario is if the 50EMA, Base Line (Kijun Sen) fails to hold, and if the 100EMA fails then we will have to see if the Leading Span A (Senkou Span A) and the Leading Span B (Senkou Span B) support levels hold. If all those fail & if you follow the Ichimoku Cloud system, then BTC will officially be in bearish Market once it's closes within the Bearish Zone. If that happens then hoepfully it can find support at its 200EMA. It also looks like the +DI (Green Line) is about to cross back under the -DI (Red Line) on the daily chart indicating a downtrend, but it will be a downtrend of weak strength because the ADX (Yellow Line) is at 15. The RSI has also started to point downwards on the daily. A Descending Triangle is bearish about 69% of the time. Again, this is all depending on if BTC breaks downwards and closes below its 50EMA and Base Line (Kijun Sen). I hope this is helpful.
BITSTAMP:BTCUSD
by TradingThroughTheLens
ADA - Show us your POCBefore everyone goes screaming to the hills asking Charles Hoskinson for their money back, remember that with shorter timeframes, one must expect pullbacks and short-term downtrends now and again, it enables the market to remain healthy, enables compound interest from the peeps who took profit at the ATH to re-invest that CI and also encourages people who missed out, to buy back in at a cheaper price. Although for some reason, most people feel comfortable buying BTC $42K the they do at $31K, absolutely crazy 🤯. First and foremost let’s look at the daily chart, ADA is still in a longterm uptrend, and will be unless it breaks through its Leading Span B (Senkou Span B) Cloud (Kumo) Support and into the Bearish Zone along with the Lagging Span (Chikou Span). Obviously this all depends on if you are a scalper, day trader, short-term, mid-term, longterm or just Hodl-ing for the next 5 years because this will all be dependant on what your timeframe of choice & whether or not you believe in the Ichimoku Cloud system. The RSI is indicating we are out of the Overbought area and we still have room to drop, although that’s no indication we will drop. The ADX DI SMA is indicating we are still in a longterm uptrend because the -DI (Red Line) has yet to cross over the +DI (Green Line) which would indicating a downtrend on the daily. The ADX (Yellow Line) is at 45 indicating a strong trend but we have fallen under the 10 period SMA (White Line) which is at 52, so we need that to reverse for renewed strength. A key point to look out for is if this daily candle closes above its Bollinger Bands Midpoint basis, if that happens then i’m getting the Kleenex out. Notice that we have a new developing POC (Point of Control) at around $0.31, so that is something to keep your good eye on especially if the buyers out weigh the sellers. If ADA does dip further, i cannot see it dipping past its Base Line (Kijun Sen) Support and certainly not past its 50EMA on the daily. Well, maybe if BTC shits the bed down to £10K 😅. Obviously its best to check earlier timeframes to get a sense of what’s happening there and what may happen on the daily. Once this daily candle closes, and also where it closes, we’ll have a much better idea of what to expect. I hope this is helpful 👍
BINANCE:ADAUSDLong
by TradingThroughTheLens
8
BTC - It's not the end of days just yetThe Daily Chart is a crucial timeframe for the future direction of BTC. So, BTC dropped out of its Symmetrical Triangle and is on a downtrend. The RSI is indicating BTC has room to drop further before becoming oversold, that doesn’t mean it will. The ADX DI SMA is indicating a downtrend because the -DI (Red Line) is at 26 above the +DI (Green Line) which is at 18. The ADX (Yellow Line) at 16 so this is indicating that although it’s a downtrend, it is actually a weak downtrend for this timeframe. The 10 Period SMA is above the ADX line at 31 so confirmation of a renewed uptrend will be if the ADX line crosses back over the SMA line, ideally above 20-25 because that would indicate an uptrend of strength, & we would need the +DI Line to cross back over the -DI Line. A good sign will be when the Price makes it back over its Bollinger Bands Midpoint basis & manages to turn that into strong support. If BTC does not find strong support at the 50EMA and Base Line (Kijun Sen) Levels on the daily timeframe, then the Price will possibly drop to around its 100EMA level on the daily. This does not mean BTC is in a longterm downtrend, for that to happen, BTC would have to cross its Leading Span A (Senkou Span A) Cloud (Kumo) Support, its 200EMA, its Leading Span B (Senkou Span B) Cloud (Kumo) Support and drop into the bearish zone along with the Lagging Span (Chikou Span) on the Daily timeframe. I would start to think that’s a possibility if the Price fails to hold above the 100EMA on the daily chart. We must also keep an eye on the volume to see if the each day is closing on increasing or lessoning seller volume on the daily. It is good practice to check earlier time frames to see if there might be a continuation of what’s happening in the 1hr, 2hr, 4hr, 6hr and so on to see if things are slowing or if there is a cascade effect happening. What i find crazy is that people are willing to buy BTC at an all time high of $42K but not willing to buy after a dip to $31K or to its possible lowest of $24K if the 50EMA fails. When BTC goes back up, an it eventually will, people will be asking, when will it go back down so i can buy cheaper 🤯. I hope this is helpful with your trading or Hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
2
VeChain - Could be approaching uncharted territoryAt the moment of typing this, if we look at the Daily Chart, VET has recovered from its correction that it had after making a new ATH on the 6th Jan. VET is at the upper band of its Bollinger Bands and has found strong resistance there. If VET makes it to a new ATH over the next week or so, we will be in uncharted territory. If VET fails to get above its previous high, it will possibly drop back to its Middle Band of its Bollinger Bands, which wouldn't be a bad thing as the price could consolidate for a more few days and attract buyers at a lower price. The RSI on the Daily Chart is indicating that VET still has room to move up before becoming overbought. In a worse case and unlikely scenario of a major reversal to a downtrend this week, VET has its 50EMA, 100EMA and 200EMA levels, as well as its Ichimoku Cloud Conversion Line (Tenkan Sen), Base Line (Kijun Sen), Leading Span A (Senkou Span A) & Leading Span B (Senkou Span B) as potential support levels. I hope this is helpful with your trading or hodl-ing.
BINANCE:VETUSD
by TradingThroughTheLens
1
GHIV split chart 2h and Daily with MACDSPAC PLAY. Quick observations Top chart - 2h - Notice the 200ma is acting as a level of support in multiple places. But now we see the quicker EMAs coming together and trending down. We appear to be headed towards the dreaded death cross (when a slower moving average crosses above a faster moving average) and honestly that wouldn't surprise me if it happened. SPACs can get the volume, especially this stock. And lemme tell you, that's what it needs. $12.30 is our support on decent volume. But again its (basically) right on the 200ma. That should push this up towards the first resistance, $12.91. Bottom chart - daily. Not much to see here. All the volume of course has come over the last few weeks since it is receiving pages and pages of tweets and articles and likes and comments. For this to have any shot it's gotta maintain the hype. 50ema is trending up which is a good sign. Just like all the other weeks, this is on my list. All SPAC's are pretty much on my list at all times and I am ready to go at a moments notice if needed.
GLong
by BradWeber82
DKNG split chart 4hr and WeeklyBullish. Let me just lead with that. I've played numerous calls over the last few months. Huge fan of the stock, the chart, and the company. So of course I am back ready for more calls. $DKNG follows $PENN a lot don't forget that. Right now I am watching: jAN 22 $55 WEEKLY CALL FEB 19 $60 CALL Most of my target calls I will not even think about until Thursday or Friday. On the top chart, the 4 hour, top resistance setting it at the $55.19. Bottom support should be around the low $44 area. The moving averages are packed very tightly - they appear to have flattened out and are trying to turn sideways. Bottom chart, I went with the weekly, because I wanted to show the volume trend over the life of the stock. Notice the peaks between Sept-Nov an the gradual cool down since then. Would like to see some of that range come back. $DKNG.
NASDAQ:DKNGLong
by BradWeber82
NFLX Daily with 4 MA's and MACDI spent a few hours on this chart. Not because it was so confusing, but because my newborn son kept distracting me. So I was determined to get this done. Then the more I looked at it, the more I started to like it. Here is what I am watching: 1) Target price of $530-$575 if it can hold the bottom trendline 2) The biggest concern right now is the moving averages appear to be flipping down. At the ellipse the EMA 15 30 and 50 have all come together. 3) What will this sector as a whole do this coming week? 4) $575 top resistance. I doubt I enter Tuesday, but this is now on my watchlist for the next few weeks. I am still deciding. Trade your plan! ONE FINAL THING. I know I haven't interacted with many on here, but I am a big fan of moving averages. And I especially love them when they line up perfectly on trend lines like the bottom. 200MA is always a good place to start. $NFLX
NASDAQ:NFLX
by BradWeber82
ADA - Lets have a look at the 1hrIf we look at the 1hr chart, at the moment of typing this, ADA is fighting between its Bollinger Bands Midpoint and its 50EMA. If ADA breaks downwards through the 50EMA then we may drop to our Base Line (Kijun Sen) or our 100EMA. If we keep above the 50EMA & above our Bollinger Bands Midpoint, then we may see ADA try to head back over its POC and attempt another break at $0.4 this week. After ADA's rise over the weekend a slight pullback should not be a shock to anyone. This is just a short-term outlook, longterm, ADA is looking absolutely fantastic and we haven't even had the Goguen update or the supposed Coinbase listing. If we do drop lower, i cannot see ADA dropping into the Ichimoku Equilibrium Zone on the 1hr. For me it's looking really promising ADA will be above $1+ by the end of march. I could say sooner, but i don't want to jinx it 😅. Please see the above screenshot for more details of where our support levels are. I hope this is helpful. Note; My point of doing these charts is not really to say, place a trade here, cash out there, spin around and jump up and down, no. Rather its to show how one can use the charts and various indicators to see what's going on in the market to enable you to make conscious smart decisions yourself when investing your hard earned cash. I hope this is helpful.
BINANCE:ADAUSDLong
by TradingThroughTheLens
12
AAPL 1hr with 4 ma's and custom MACDSo after spending some more time this morning on Apple, I am not sure I am as optimistic as the other day. I made the comment on my chart from the other day that as I look at the "weekly" chart I'm a fan...but I am not so sure after spending the morning on the 1hour. I think my biggest concern is this, basically quad bottom. Obviously it doesn't show up on the weekly like this, but it certainly gives me a different perspective on how I might play Apple over the next week or so. Also the new triple EMA strategy shows: 15ema - down 30ema - down 50ema - down Watching the bounce at $126.82 for possible PUT entries. $AAPL.
NASDAQ:AAPLShort
by BradWeber82
3
BTC - Possible drop continuationLooking at the 4hr chart, at the moment of typing this, BTC has dropped to its 100EMA which is in its Ichimoku Cloud Equilibrium Zone, BTC has rebounded of the 100EMA but needs to make it back across both The Conversion Line (Tenkan Sen) & Base Line (Kijun Sen) as well as the Leading Span A (Senkou Span A) which has now become Cloud (Kumo) Resistance. At the moment, BTC is having trouble making it back above the Conversion Line (Tenkan Sen) & Base Line (Kijun Sen) on the 4hr chart. If BTC drops more & the 100EMA fails as support, BTC may drop to the Leading Span B (Senkou Span B) Cloud Support. If that fails then BTC may drop to its 200EMA on the 4hr. If BTC drops out of the Equilibrium Zone then it will be in the Bearish Zone for the 4hr Timeframe, If the Tip of the Lagging Span (Chikou Span) drops below the Cloud (Kumo) into the Bearish Zone on the 4hr chart, that might lead to a downwards cascade effect on the other timeframes. I hope this is helpful.
BITSTAMP:BTCUSD
by TradingThroughTheLens
2
BTC - Symmetrical Triangle on the dailyI was going to do this as an update to my previous BTC chart, but i decided to do it separate because the indicators are different. If we look at a clean version of the Daily Chart for BTC with just EMAs, we can see that BTC is actually in a Symmetrical Triangle on the daily chart, so even if BTC takes a massive dump tonight to around $31,772, so long as it rebounds roughly of the inside of the Symmetrical Triangle it's stills in a really awesome place. I know people just want BTC to keep going up, but that is not realistic. Now let me say this, if BTC consolidates within the Symmetrical Triangle over the next week or so, that'll actually be really good for BTC in the longterm. I hope this is helpful & good luck 👍
BITSTAMP:BTCUSD
by TradingThroughTheLens