HMA
Winter for NZDSo great that NZ has no Covid 19 Covid Lockdown anymore, but there is still a border lockdown and it will still be a struggle for a small economy to function properly in a world wide economic crisis.
All the while, the NZ winter takes hold...
Of course, the USD is the real mover of the FX:NZDUSD pair, and perhaps the damage is done for the U.S. and a slow recovery after the hysteria subsides 0_o
Long term trade, sell FX:NZDUSD
DXY (###/USD) MA actionUSD Strength continues in the fundamentals, (Economic trouble of Covid19)
Looking at the MA here, the next wave is up
Use of Price action (resistance becomes support etc)
and Hull Moving Average, FIB levels, and TSICCI
Custom indicators found here:
www.tradingview.com
MT4 Bots available
LTC/USD Daily outlookLTC/USD Daily outlook
Litecoin is getting closer to a falling wedge pattern breakout most likely to recover some lost territory heading to $100.
The drops are slowing down as shown by the Poshtrader Hull Moving Average period 50, where Litecoin price has broken out above the trendline resistance.
However, the Litecoin bulls must reclaim the support at $45 to avoid declines into the $30’ range.
*The RSI recovery towards 50 shows that the bulls are ready to retrieve command and move some action upwards.
*The Poshtrader Hull Moving Average is supporting the current price level
*The Simple Moving Average 50 Gap has started to narrow.
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Litecoin Rangebound with some Bullish SignsLitecoin is currently trading between 2 support and resistance zones, roughly between 88 and 108. The top of today’s candle touched the 100 EMA but the fast 21 HMA has started to turn up. Also, the fast squeeze indicator has turned green and the slow squeeze has turned dark red, a sign of a potential upward move.
We’ll see if price can break and stay above $100 and get past the 200 EMA.
(Not investment advice)
BitCoin Resumes Bullish MoveAugust has brought with it a new bullish move in BitCoin. After selling off in July, the bottom of $9,100 has held for now and price is moving higher though the fib ladder. Additionaly the 21 HMA has turned green and price has pierced through the 50 HMA, all suggesting that another bull leg may be starting.
(This is not investment advice. It's just my take on how I see the charts at this moment.)
Bitcoin daily 10/200 50/100 Golden Cross, HMA and Fibonacci PivIt seems that there is some confusion in cryptocoin community, what Golden Cross is. Lets look at the definition from Investopedia:
"The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average .
The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes."
Fibonacci Pivot Points, Hull Moving average, several daily EMA's on a 4 h chart.
All scripts/indicators on this chart are available on my "Scripts" page.