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Analysis based on different timeframes (1/5/30min, 1/4h, 1D)
Moving Average Convergence / Divergence (MACD)
Breakout or no Breakout: That is up to SC!Analysis based on structure 1/5/30min. Shoulder maybe touched and move could be retraced. If it crosses the ellipsis breakout may appear.
Stay green, or stay calmed!
XRPBTC @ Poloniex: Short/Long-Entry Based On CloudIt is possible to see that Ichimoku Cloud DOES NOT show great conditions to take long positions. So, for those whom are a little bit in a hurry, this actual moment is interesting to try E2E (Edge-To-Edge) cloud strategy with a short target around 12530Satoshis.
However, for those whom are NOT in a hurry, this is a interesting moment to risk a long position in this Shitcoin with target around 16500Satoshis region.
Above it is possible to see that RSI and MACD do not give much information regarding to divergences; nevertheless, RSI shows that this asset is not overbought and buyer team is winning the game, and both MACD and Volume clearly are showing that we are in accumulation phase.
Can crude climb up this timeCrude has been negative 3 times a row due to inventory data. Now again US rise their drilling and is expected to be little more bearish. But technicals suggest that if crossover of macd and stochs is completed, it may make a new high. Lets wait and see.
If crossover happens in a day or two, then 1st target would be 46.11 and 2nd target would be 49.71 (if lucky).
Is Nike Starting a Bearish Motive Wave? Daily Chart Outlook $NKENike ($NKE) Daily: Nike after enjoying a HUGE run up to this point, appears to be finally catching up to the overall weakness in the retail industry. We can see from this daily chart, that it started to make a series of lower lows and lower highs after posting an all time high in price around December of 2015. The stock could have moved higher after this corrective move, at November of 2016, but instead, resumed another downturn, unable to yet again make higher highs than its previous peak. We can see here that it retraced back 50% of the initial corrective wave (Wave 2, in Green) and is continuing on downward. Now, this can be a large corrective wave, after which Nike can move higher, forming another bullish motive wave, or this can be a start of a multi-year trend reversal and start of a bearish cycle for the company. Key level at this point would be $49, and breaking below would mean the stock has indeed posted yet another lower low, and expected to resume a move lower at that point. As always, keep eye in the RSI and MACD for direction and strengh of price movements.
strong sell signal for EURUSD we have rectangle pattern and the price break the down line the price will continue in the same direction
and you can see strong signal from Ichimoku and also strong sell signal from MACD and Stochastic
Trading The Breakdown $EMP.AGoing short on a break of a long term level along with a short term ascending trend line.
- 34EMA has started to turn over, showing a possible change in trend
- RSI showing long term bearish divergence
- MACD bearish and soon to go negative
- Weekly chart looking very bearish
Profit target at the next support level
XEM-BTC analysisI fast analysis from NEM crypto-currency (XEMBTC) mainly based on Pitchfork trend, where Pitchfork is all about to respect the zones blue and green, and lines such as median line, bottom and top blue lines and their intersection between the blue and green region. So, bases on 4hrs time-frame it is possible to see that we have a interesting trend.
Until it is possible to notice, the market is about to test the region where is located the Exponential Moving Average (EMA) 50 periods. Then, in case this EMA 50 hold the the price, it is possible to make a entry in this asset; nevertheless, a short time-frame analysis in necessary to refine the entry.
However, it is still necessary (in my opinion) wait for a reversal signal based on MACD . Even though MACD and RSI do not show divergence, it is clear that at least MACD did not show a change in its signal line, which means that the price will keep falling/testing EMA 50.
Bollinger Bands show us the price bellow its base/median line, which means a possible continuation of bearish movement.
To interact with this chart, please click below in RELATED IDEAS
For analysis based on Ichimoku Cloud , please click on the reference link below RELATED IDEAS.
EURAUD MACD divergence tradeDivergence has formed on the MACD together with stochastic oversold conditions. I expect a rally towards the previous support level.
AUDCHF MACD divergence tradeDivergence has formed on the MACD together with stochastic overbought conditions. I expect a retracement back into the previous support level.
AUDCAD MACD divergence tradeDivergence has formed on the MACD on the AUDCAD, together with stochastic overbought conditions. I expect a retracement back into the previous support level.
Late AUDUSD ShortOn the AUD/USD
I'm late on this but I'm posting it anyway because there's still room to enter this trade.
Fibonacci: Price seems to be reversing. It broke the 0.382 Fib level confirming a reversal. When I draw multiple Fibonacci from the recent swing high to multiple swing lows, there's an overlap at 0.74478 which indicates a strong support.
Elliot Waves: Breaks down at 4th wave, no valid formation.
I used M Pivots to try and predict the days range for Monday from 0.74530 to 0.75290.
Abandon Trade: If price bounces off 0.382 Fib, I will consider this a retracement instead of reversal and abandon this setup.
Neutralize MACD: The MACD will neutralize and I will hold if it drops below 0.
Summary:
1. Watch for the price to hit 0.74762.
2. Enter on the candle that closes below 0.74762.
3. Set my SL at about the 1.272 Fib level.
4. Set my TP at about 0.382 Fib Level from recent retracement. This would give at least a Risk/Reward Ratio of about 2.15 with about 51 pip gain.
GBPCHF COMPRASe ha roto una tendencia bajista en 4H, 1D y 1W.
Se ha roto una tendencia bajista del MACD
Ha realizado bandera ABC (falta por llegar al punto C)
EURUSD - BearSeeing a couple confirms for EURUSD Bearish slide down today.
Will see how the Sydney session plays out before posting any update impressions.
NZDUSD MACD divergence tradeDivergence has formed on the MACD together with stochastic oversold conditions. This makes me this we will see a retracement back into the previous structure.
EURUSD MACD divergence tradeA divergence has formed on the MACD together with stochastic overbought conditions. I expect to see at least a small retracement back into the previous structure.
Shorting the EURJPY with IchimokuOn the EUR/JPY
Fibonacci: Price seemed to retrace a bit to 124.791 (0.618) but I'm not sure if it will hit it if so, that would be my ideal short entry.
When I draw multiple Fibonacci from the recent swing high to multiple swing lows, there's an overlap at 124.784 which indicates a strong support.
Elliot Waves: I see the 4th wave has formed but it doesn't seem to be a valid Elliot Wave since the 4th wave has entered the territory of the 1st wave. This confirms to me that there may not be much more of a retracement.
I used M Pivots to try and predict the days range for Monday from 124.023 to 124.924.
Abandon Trade: There seems to be a pretty strong resistance at Fib 0.618 but I would give it until 0.382 level before I consider abandoning this setup.
Neutralize MACD: Because there was a recent big move, I would like to think that by the time the price opens a candle below the cloud the MACD will have neutralized.
Summary:
1. Watch for a candle to form below the cloud or price to retrace back to 124.791 before placing entry.
2. Set my SL at about 10 pips below or at the 0.382 Fib level.
3. Set my TP at about 1.618 Fib Level. This would give at least a Risk/Reward Ratio of about 2.7 with about 54 pip gain.
