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LMND Bottomed Out?I think LMND is in a large inverse fibonacci pattern, with the lowest possible being this 618 extension. Any extension lower would put the stock into the negative, so by default, I believe the 618 is the lowest. I believe some consolidation was needed after hitting this extension because the price needed time to get around the MA on the larger time frames/MA's to flatten on the smaller time frames.. hence, the wedge we see. This week, a day candle finally cleared this wedge, and I believe we started a much smaller regular fibonacci (not inverse), that had a 786 retrace. I'm looking for a 227 extension touch of this fibonacci, and ideally, a 618 around $23. I believe the bottom of this stock (for the foreseeable future anyway), has been touched, and that the price is now in consolidation mode while working it's way up. Also, the large overall trend line from the ATH price has been cleared, and I think that is a good sign. *Not trading advice, just personal analysis. Trade at your own risk.
NYSE:LMNDLong
by UnknownUnicorn1935796
1
BNBUSDT TECHNICAL ANALYSIS$BNB has been lost over 73% since November 2021 and the candle just broke out the triangle/down trend line. What might be the next? If the next candle open-close completely above to down trend-line, Binance may reach again $257.2 level this mean we may earn over 10%. Our Risk/Reward Ratio 1.15 and we haven't received buy signal(s) from our robo advisor @EngineeringRobo in daily time chart. But we do have multiple buy signals in 3 hours chart. Also, MA just came each other and one candle completely open-close above to down trend-line. Let's follow to our chart together and do not forget to follow me. "NFA"
by ABSTOCKER
Vol data giving trade set up? This was an interesting find using the EMA on Implied vol indicator. Looking at the technicals below the bar chart price has rallied 3 out of 3 times when this has happened during oct 2021 and April 2022. Along with the rallies have come the sell offs unlike the rallies the black EMA and the vix fix line track each other as the market sells off causing the red line to turn green and signal the next market rallies. I have still have to do back testing with it being this accurate it my be repainting. Heres a link to my chart www.tradingview.com
by RobinhoodFX
4
Gold setup and a bonus RVI indicator demonstrationSo in this post I am going to show you an indicator you probably have never heard off and that is the relative vigor index, here in the chart I have shown a few examples of how it can be used for confirmation, It can either be used to spot hidden divergences or used for when price pullsback to a moving average as a tell tale sign the market is ready to continue down or up. The XAU trade here is using the pinbar rejection of the moving average as a strong sell signal as I expect the USD to get stronger over the next couple days, I would expect XAU to try move lower after its long spell of ranging.
OANDA:XAUUSDShort
by ZenFlo
3
Long Scalping a Bear MarketProbably one of the most difficult things you can do in a Bear Market is BUY. Especially when we are seeing aggressive selling like this. This is the type of market where every time you try and long, you lose money. There's little point buying a falling knife UNLESS you are really good at it, because this current market is breaking every single type of support because of sentiment. HOWEVER, using my strategy with the Price/Trend Indicator and Volume Indicator, you are able to see when momentum/ volume has shifted INSIDE of the Bear Flag . From this you can see that they are probably going to break out upwards to hit Stop Losses before continuing the fall. If you take a look at the Orange Boxes, you can see a BUY signal, but Volume hasn't upthrusted enough - it hasn't strongly gone above the Blue and Grey trendlines, so it is invalid. If you take a look at the White Boxes, you can see a BUY signal, with Volume upthrusting above the Blue and Grey trendlines. This is a valid LONG. (Ignore the purple line, I'm just testing something at the moment) There is an indicator called "Deviation Bands" - these are Standard Deviations from the baseline of current price. If you choose the option of "EMA", this will allow you to set Take Profit targets - like here, TP 1 and TP2. I will reupload it on my Scripts soon. Stop Loss is usually quite tight in these scenarios - sometimes actually not as tight as this (sometimes you can get wicks) but other times below the last low.
Education
by reiiss7
6
Average True Range... and BollingersATR is a great indicator designed to show you the previous ranges of the previous candles depending on the value chosen, in this example I have done 6 periods, so you can see in this chart I have highlighted when we have peaks and troughs and one thing to do is compare the times of day this activity happens, you can see at certain times the atr climbs, it stalls at others or can fall, so ATR is showing us previous candles range, so if you are in a trade you want the range to be growing usually so that your trade can head to TP, but the important thing to takeaway is the fact that price is moving alot, this is because it is experiencing higher level of trading activity price is trending, where as a falling ATR reading means typically things are slowing down or accumulating, remember this doensnt give direction though as price can still move up or down despite a falling range per candle. However what it can do is tell you good times to look for trades, you can filter down by time the best time to take trades based on your strategy winning or losing in the peaks of troughs. ATR can also be used to determine stop losses of TP, by taking the the reading and using a 2xreading stop loss or TP, the more volatile the market the bigger your stop losses and tp will be, but more volatility generally correlates well with that idea, not only does it offer greater protection it also prevents missing out on good moves. So 2nd part is Bollinger bands we can see how it works, it basically again is telling you the range of things, so Id like you to compare the reading on ATR to the Bollingers, and you can see when ATR falls and the Bollingers are squeezing tight we have very little to trade, energy is low and range is small, In crypto I have heard this term called the crab which I have to say... I do find quite amusing. When ATR is rising the Bollingers expand creating a wide cloud, so on the last box, where price falls despite ATR falling... what is the difference this time? That is right, Bollingers are not squeezed together, which tells us the ATR reading is acting like it is small and stuck in a squeezing formation but in fact we are just in an expansion of the Bollinger moving slowly. What do I want you to take away from this? Just a deeper thought about which market conditions are best for your strategy and how to avoid times which will not really offer a good trade yet ect, and have a look for patterns in how you trade around these volatility indicators! Happy trading... More to come
Education
by ZenFlo
What is a moving average and do they work?Moving average is an average of price closes over a certain amount of time, so at a base level they rise when price rises and fall when price falls, so why are they important? Because they give you a sense of the average direction of price over a certain amount of time, if you take the chart at face value you are not even witnessing one price close at that specific moment in time! unless you are then well done you lol, so the moving average is giving us data of maybe 89 or 50 or 200 ect, this overall analysis of the trend can defiantly aid your decision making, for example if you use two moving averages like the ma8 and ma89, what we can look at is the moving average MA8 reverting back to test the baseline which is the MA89 in this example, so price is now attempting to some extent to change trend, if it breaks lower than the baseline the line will start falling! MA89 will start declining as negative closes come in and alter the formula, that is why these areas can offer great buying opportunities or selling depending which side of the baseline you are, Price will test the baseline and bounce in strong trends before price will eventually break the baseline down the line. I will follow this post up with a post on moving averages being used on indicators now we have the first bit out the way.
Education
by ZenFlo
6
BTC/USD Bollinger Band based signal pressure is intenseNot a piece of financial advice. We are awaiting a clean signal that is expected to flash anytime soon should the market prevents itself from going south. We have already entered the bear market this season. Hope the Bollinger Band signal does not fail this time. Therefore, no rush here to enter the trade. Interestingly the RSI/Stoch suggests the bottom has been found. Weekly close above 21.9k is expected should there be no chaos to push markets further down. Those who got into the bottom around 19.5k level have 1k up to their share if swinging at this risky zone at an hourly trend cycle that is rewarding for quite some time. Should I put a trade here? I rather wait for a clean signal emerge so that my trades will follow the algorithms rather than emotions.
COINBASE:BTCUSDLong
by coreSATS
Gold Chart with Bonus hidden divergence tutorial.Okay so here we have a daily chart for XAU we can see price is under the ema89, price has been ranging sidewards now since 16th May, so we need eventually for the pressure to build and a forceful expansion happen, the daily candle printing in 33 mins looks very bearish and we could look to take sell trades and attempt to sweep the longs in the market, as Interest rates start to climb, Xau can come up to considerable pressure. Rvi divergences are a simple and free method of finding hidden divergences in swing highs and lows ect, you can see in this chart how sometimes it will give you a good warning of a potential reversal.
OANDA:XAUUSDShort
by ZenFlo
MANAUSDT TECHNICAL ANALYSIS Decentraland barely not sinking The metaverse altcoin, which was trading at $0.9085 during press time, noted a 7.73% spike over the last seven days. This price appreciation might seem like a solid opportunity for investment. However, we should not forget that it is only on a micro-scale. On a macro-lense, MANA is far from recovering. What our chart telling us? Beginning November 2021, MANA was $5,87 level and lost approximately 89% and fell down till $0,62. The candles are staying above to support line and almost will reach to resistance line. The candles already breakdown down trendline and one of the candle has been completely open close above to down trendline. We are getting BYY 2 signals from our robo advisor @EngineeringRobo in recent/current candle and we need to wait for the new candle come up and if our buy 2 signal still over there, It may opportunity to buy for us. Our Risk/Reward ratio 1.27 and Moving average lines are almost in the intersection. If direction get chance, it may another an opportunity to buy again in our daily time frame chart. Let’s follow up our chart closely and don’t forget to follow me. “NFA”
by ABSTOCKER
Quick Short On ETH! From our last bullish call on ETH, it went from 1085 to 1230! Over 13% :) Now I'm expecting a temporary short on ETH to around 1130. Let me tell you how I arrived at that conclusion. Looking at the 8hr chart on ETH, we can see it's coming up to resistance. Now there's also a bullish inverse head and shoulders pattern (drawn in green) but if that can't break the neckline (red rectangle 1230-1270) then I can see a decent rejection. We can also see there's a red diamond on the RSVP Extractor (my indicator) and the Stoch RSI is overbought. Looking at past history, the last 3 times this happened, ETH declined around 8% which coincides to 1130 from 1230. Therefore I'm taking a quick scalp short and expecting to cover half at 1130 and ride the rest in case we go lower. The next major support would be around 1050. If we end up breaking the neckline then that's extremely bullish for ETH and I would maintain the target of 1400 (per my previous idea). TL;DR -Shorting ETH to 1130 then expecting a bounce -If we break the neckline, expecting at push to 1400 before rejecting If you enjoyed my TA or had a question about the indicators used, please comment below or send me a DM :)
Short
by CryptoScripts