Litecoin long-term bullish trend promised by technical analysisAdditional notes:
upcoming halving
Strong bullish outlook for weekly long-term perspective. Bullish tendency short term (view follow up)
This information is by no means financial advise, you trade at your own risk, I am in no way responsible for your actions, seek professional advise from licensed financial experts!
Macd-convergence
NIO could break the downtrend line upwards NIO has been in a decreasing trend since the beginning of the year, which has been confirmed with a couple of bounces. Nevertheless, chances are that the price of these shares break this trend line and starts increasing, having as a first objective attaining $49-50 per share.
The MACD indicator is right now pointing upwards, which means that the two lines that provide its signals could cross in the following trading sessions, providing a more clear buying signal to the market. Therefore, we will be waiting for a breakout signal.
On the other hand, whether the downtrend continues, a triangle figure could end up being created.
The MACD explained ! All you need to know about it Hello everyone, as we all know the market action discounts everything :)
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In this video, I am gonna explain what is the MACD and how to use it and how to identify buy and sell signals using this indicator.
So what is the MACD, The MACD is a trend-following momentum indicator (so a momentum indicator is a technical analysis tool that allows us to determine the strength or weakness of a stock's price movement )
There are a lot of people that use the MACD when they analyze charts because it's very simple and it's very good but I always say never just use 1 indicator to analyze a chart, always try to use at least 3 this way u can make sure that the result is more accurate and the market most likely to move as u analyzed.
let's look at the theory behind the MACD before looking at a real-life example and how to identify buy and sell signals using this indicator :
The typical settings for the MACD are 12 26 and 9.
The MACD consist of 4 parts :
1) Zero line
2) MACD line
3) Signal line
4) Histogram
We start off with our zero line and this is where the MACD line and the signal line move around and basically so if the MACD is trading above the 0 line then it's bullish and if it's under then it's bearish.
Then we have the MACD line and it comes from the 12 26 section, and it gets calculated by subtracting the 26 EMA of the price out of the 12 day EMA of the price.
And after that we have a second line that gets plotted from the 9 section so basically, it’s a moving average for the MACD line so it tries to smooth the MACD line and give us some signals and it's called the signal line.(it's called a signal line because that's where we get our buy and sell signals from)
So on top of that, we have another part in this indicator which is called the histogram. So this histogram job is to show how close these lines will crossover, so when the distance between the MACD line and the signal line is far the histogram gets bigger and bigger.
So how do we use this indicator :
1) Crossovers between the MACD line and the Signal line.
* When the MACD line crosses above the Signal line then its a buy signal (Bullish Crossover)
* When the MACD line crosses below the Signal line then its a sell signal (Bearish Crossover)
2) The Histogram .
A lot of people use histograms as a way to predict when a reversal will occur.
We know that the MACD is a momentum indicator so it can show us when sell pressure is low. And that means it might be a good time to buy. And It can tell you when your long position is about to run out of steam and when you should exit.
3) Divergences between the MACD and the Market Price .
A Divergence means that the indicator is not moving in sync with the Market Price and a Reversal could happen (Note that Reversal trading is risky so please calculate your risks before using this Strategy)
always remember that :
Bullish divergence is when the Market price is going down but the MACD is going up.
Bearish divergence is when the Market Price is going up but the MACD is going down.
I hope I’ve made the MACD easy for you to understand and please ask if you have any questions .
Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts and The RSI. links will be bellow
EURJPY MACD Buy pattern vs Order Book on H1Interesting situation has rise: an almost formed macd Buy pattern (if reverse from 61-78 Fibo) and profit seller until 127.3.
In which direction price will prefere to run first?
I would set a Sell Limit at 128.000 where some SL clusters are, just in case. Also, it may be interesting to Sell until 127.235, where al profitable buyers were lost already nut also, big SL accumulation is.
If the price go down first, no problem for MACD. The Fibo has to be stretched.
I would encourage to Sell now with TP at 127.27, SL 127.83, then wait the price to reach 128.000 for another Sell, TP 127.385, SL 128.54.