Will Hit $125 This WeekNo doubt in my mind that Discover will hit $125 this week and go beyond based on trend analysis & my favorite indicators.
In this chart you can see higher highs and higher lows.
Have questions? Comment below
Macdivergence
Crypto Crocodile THIS IS MY FIRST IDEA, CONSTRUCTIVE FEEDBACK IS IMMENSELY APPRECIATED This is a simple combination of 4 indicators (MACD + SMA50 + SMA200 + WILLIAMS ALLIGATOR) that I use in combination with the hCrypto Fear and Greed index to predict the long term sentiment of the market in relation to BTC. I call this model the "crocodile" in reference to the Bill Williams Alligator model. Using divergence in MACD, SMA cross patterns, and alligator movement has worked for me (so far) to see long term trends and look past the short term price action caused by FOMO and panic selling. I may not even be the first person to use this indicator combination due to the simplicity of it, but in combination with the fear and greed index it can be a powerful tool for traders to see the difference between a long term downward trend and a near term panic dump. I am currently trying to update the model by adding data from the Fear & Greed Index to my chart, but this idea is still in its infancy. I call it the "crypto super croc". Please let me know your thoughts on this as well. Trading view does not allow new publishers to post external links, but a quick google search for " BTC FEAR AND GREED" will lead you to the data I am referencing. I am also including the address for you to copy/paste below. LMK what you think, even if you think this is garbage. I appreciate all feedback.
I am new to this platform and this is my first published idea, so please let me know what I can do better to express my ideas. Thanks!
<> alternative.me/crypto/fear-and-greed-index <>
Told you about it ! Apple 1W analysis Hello everyone , as we all know the market action discounts everything :)
2 weeks ago i posted a video on Tradingview talking about the price movement for the Apple inc. stock
and now we see the market moving just like i predicted that its gonna move, the price moved up from the range of 132 to the 143 area in less then 2 weeks , i used different indicators that was provided on Tradingview to analyze the market price .
lets see how the market is doing right now and apply indicators to try to understand the movement of the Apple stock and see how its most likely to move in the next few weeks, the Market price seems to be moving in an ascended triangle and indicators telling us :
1_ price of the stock is trending above the Moving average (bullish sign)
2_RSI sitting at 69.71 showing great movement and almost reaching overbought area
3_MACD creating a bullish divergence on the 28/jun
4_Stochastic Oscillator both lines are in overbought area where %K reaching 98.59 and %D at 92.22 creating a buy signal for us ( i talked about the Stochasitc oscillator and explained how to use it in a video i posted on Tradingview
the Apple stock in a very good bullish uptrend with no signs of a reversal yet, with all the indicators and patterns showing us the bullish movement of the stock .
Fundamental analysis :
Apple shares closed today up 1.8% to $144.57, above January's record closing price of $143.16.
Apple (NASDAQ:AAPL) shares are currently up 1.4% to $144.07, continuing a seven-day winning streak and inching closer to the $145.09 record intraday high the stock reached in January.
If Apple reaches a new high, it's in good Big Tech company. Yesterday, shares of Amazon and Microsoft closed at new records after the Pentagon cancelled the JEDI cloud contract awarded to Microsoft and announced plans for a new, multi-vendor contract.
The Wall Street Journal named Apple among the potential buyers for Reese Witherspoon's Hello Sunshine, which is exploring its options that include a $1B sale.
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This is my personal opinion and not financial advice.
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Thank you for reading.
XAG/USD 1W analysis 07/07/21Hello everyone , as we all know the market action discounts everything :) XAG/USD showing weakness this week with a few signs for a bearish movement in the next few weeks , market price is moving bellow the Moving average ( bearish sign ) and both the STOCH and the MACD giving out sell signals . but there are no signs of a Big bearish reversal yet the market is still in a good area .
Fundamental analysis :
On the long-term outlook, XAGUSD is bullish . Silver was under the bears’ control for many weeks. The bearish momentum pushed the pair to bottom at $25 support level on June 17. The bears lose momentum and could not break down the mentioned level. The bulls have been struggling to break up the resistance level of $26. On July 02, the bulls dominate the market and they were struggling to break up the $26 resistance level .
The Silver price has penetrates the 9 periods EMA upside and 21 periods EMA is the next target which indicate that bulls are trying to dominate the silver market. The weekly market closed at the $26 price level, it seems the bulls’ pressure is increasing and the bulls are trying to reverse the price. An increase in the bulls’ momentum may increase the price to break the resistance level at $26, which may further incline to $27 and $28 price level. Failure to break up the resistance level of $26, the price may continue a bearish trend to $25, $24 and $23 price levels.
Support is seen at $23.78 initially, then more importantly at $22.26/21.68, which we look to continue to hold. Indeed, below $21.68 would mark a top to instead throw a serious question mark over the longer-term base
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DJI 1D analysis 02/07/21Hello everyone , as we all know the market action discounts everything :) The market seems to continue its movement up with no signs of a reversal yet , all the patterns and indicators that we used on that chart are telling us the market is still not stopping here , MACD creating a bullish positive divergence, market price moving above the MA and the STOCH is in an overbought state .
Fundamental analysis :
The Dow Jones Industrial Average finished up over 130 points, or 0.4%, to end at around 34,633, marking its fourth-highest close in history as it inches toward eclipsing its May 7 all-time closing high at 34,777.76.
Traders think U.S. payrolls on Friday could jolt markets from a slumber that has locked currencies in some of their tightest trading ranges for decades. Initial claims for state unemployment benefits dropped 51,000 to a seasonally adjusted 364,000 for the week ended June 26, the Labor Department said on Thursday, although they are an unreliable guide to Friday's broader indicators.
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The MEME LivesDogecoin (DOGE) developed a significant bullish divergence signal with the MACD indicator. The bullish MACD divergence signals a potential reversal in the price of Dogecoin. This is a strong bullish reversal signal and is supported by multiple other technical factors that can revive DOGE.
MACD Bullish Divergence
On the daily chart, DOGE's price has made a lower low, but the MACD histogram has printed a higher low. This is a sign that the downside momentum is fading. The MACD divergence puts some doubts on the bearish side and may signal a possible change in the trend direction.
200-Day Moving Average
The 200-day moving average aligns perfectly with the current swing low of $0.16 to provide further support for the bullish case scenario. We know that all prices above the 200-day moving average are considered bullish.
The 200-day moving average also has confluence with the $0.15 support level, adding more weight to this price zone.
Looking Ahead: On the upside, the bulls need to overcome the big psychological number $0.30, which is a key resistance level. At the same time, the MACD histogram along with the MACD's moving average need to cross above the zero levels to provide the needed bullish momentum for DOGE.
ENTX Stock Analysis 1W 24/06/21Hello everyone , as we all know the market action discounts everything :) We can tell from all the signs and indicators that the ENTX stock is moving in a strong uptrend , all the data that we gathered and saw on the chart looks makes the market is in a great place to buy .
I am seeing 2 ways the market is possibly moving in the next few weeks :
1_The market is gonna continue to go up and could reach new highs such as 8.6
2_The market is gonna be moving in the boundaries of the ascending triangle then breaking the resistance line at 7 and keeps going up
Until we have a bearish reversal *****
Fundamental analysis :
Entera Bio Ltd.'s (ENTX) share price surged 44.8% to close at $6.50 on June 23.
Entera Bio is a developer of orally delivered large molecule and biologic therapeutics. The company continues to witness developments and improvements in drug research in 2021, winning the confidence of its investors and seeing its share price rise to a new high.
With a market capital of 154.5 million, the share price of Entera Bio has almost tripled recently. It has skyrocketed 507.5% and 233.3% over the past six months and a year, respectively.
On June 23, the company announced its Phase 2 progress related to the treatment of osteoporosis, a bone disease.
Entera Bio CEO Spiros Jamas said “We are looking forward to an end of Phase 2 meeting with the FDA. More detailed results will also be presented in a future scientific conference and publications. The company will evaluate potential additional osteoporosis market opportunities specifically related to increases in hip BMD.”
Per a study from Reportlinker.com, the global osteoporosis drugs market is projected to grow to $20.17 billion by 2026. This represents a CAGR of 6.83% from 2020 through 2026.
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U.S dollar/ Brent Crude Oil 1W. Golden cross about to happen, and trend line broken. I'm optimistic about what happens from here. Bullish
SPX - Bearish Divergence - Buy the Dip Opportunity?SPX is looking a little extended at these levels, with bearish divergence on the MACD signaling waning momentum, i would look to see a slight ease, from these levels
Looking at potential targets, the major pivot around $4050 USD also falls on the 50% fib retracement of the most recent leg up.
A less aggressive pullback could entail a retest of the 50 SMA. currently around $4120 USD
In any case the market has been running hot and a pullback to some degree is inevitable, however given the macro background, unless the Fed signals they will begin tapering/ raise rates and/or the federal government pulls the stimulus and unemployment support out from under the population (highly unlikely) I see the market still pursuing a "risk on" trade at least for the time being.
-TradingEdge
Using the Moving Average Convergence Divergence (MACD)MACD – What it is
The Moving Average Convergence Divergence (MACD) is the momentum indicator that shows the relationship between two different moving averages:
1. The 12 period exponential moving average – On Tradingview it is the Fast Length.
2. The 26 periods exponential moving average –On Tradingview it is the Slow Length.
The MACD line is calculated by subtracting the 26 period EMA from the 12 period EMA.
The Signal line is the 9 period exponential moving average.
These two lines are then plotted on top of each other. These are the two lines you see when you turn on the MACD indicator.
Additionally, there is a histogram that shows the distance between the two lines. Larger bars tell us that the MACD and Signal are further apart.
When it comes to candles, size matters. The larger the candle the more momentum the trend has.
The histogram will turn green when the MACD line is above 0 (bullish) and it will turn red when the MACD line is below 0 (bearish).
Very bearish momentum is shown above. Photo was taken May 23, 2021.
How to use the MACD
The most important thing to know about the MACD is how to read the relationship between the two lines.
I’ve found that the best timeframe to use the MACD with is daily. This is because the MACD is a lagging indicator and using daily data prevents a lot (not all) of false buy and sell signals.
These signals are:
• When the MACD line crosses above the signal line it is a buy signal
• When the MACD line crosses below the signal line it is a sell signal
Additionally, it is best to use the MACD in a trending market; a market with a clearly defined up or down trend.
Using the MACD with trend lines is a very powerful combination.
The reason for this is that if the market is moving sideways, you can see small fluctuations where the MACD and Signal Line cross but the price does not really go anywhere. These are false breakouts.
Therefore, these signals are not automatic buys and sells.
There are ways of confirming the indications from the MACD chart.
One way is a strategy that uses the RSI and MACD together (which is beyond the scope of this text, but I will discuss in my next article).
Another way is to use the MACD with the current trend. So, if you are in an uptrend and then you see a bullish cross, then this is confirmation that you are likely to go higher.
The same is true in reverse.
Also, please note that the cross over happens well after the price either stabilizes or rises. Again, this is because the MACD is a lagging indicator.
Leading Indicator?
Since the MACD and Signal lines are lagging indicators is there something that can be used in a predictive way?
Some traders use the histogram as a way to predict when a reversal will occur.
Since the MACD is a momentum indicator it can show us when sell pressure is alleviating. Meaning it might be a good time to buy.
This doesn’t always work of course, but with good risk management (stop losses) you can often get into a position well before its breakout.
Conversely, it can show you when your long position is running out of steam and can warn you when to get out.
MACD Divergence
Another useful way to use the MACD is to spot divergences.
A bullish divergence, very similar to the RSI, is when the short-term price trend is going down but, the MACD is going up.
Bearish divergence, also very similar to the RSI, is when the price trend is going up but, the MACD is going down.
Trading this way is sometimes not a good idea because you are trading against the trend. Please practice good risk management if you are trading reversals.
Also, notice the buy signal right before the sell signal that is circled. I really want to hammer home the point that the signals are not automatic buys and sells.
Price action is a great way to confirm the reversal (to the up or down side) of a trend. Because simply spotting a divergence does not guarantee the price will follow.
Final thoughts
As you can see there are different ways of successfully using the MACD. I hope I’ve made a few of these ways clear in this beginner guide.
Please let me know if you have any questions and if you like it, please hit the thumbs up and be sure to follow for more.
Links to my Fibonacci Retracement and RSI guides are below.
Thanks for reading!
Buy opportunity at $150. PT $480Buying zone between $219 (0.5 retracement) and $122.88 (0.854 retracement of the first impulse).
Looking at the RSI trajectory and the MACD bearish signal in the weekly we are likely to cross the 200 EMA to $147.35 (0.764 retracement), a zone that has been acting as support and resistance for the past few months.
Baidu closed the second retracement of the supercycle in March 2020. Currently consolidating the second wave of the third impulse, which will be the largest, with a target of between $483.5 (1.618 extension) and $562.88 (2 extension) if the bottom of the second wave is confirmed at $147.35.
In the event that the bottom of the second wave is at the 0.5 retracement (where we are now), targets would be between $458.37 (1.68) and $522.22 (2).
Overview :
First buy order (25% of the position) at $190.
Second buy order (75% of the position) at $150
Sell orders (depending on the last bottom): between $455 and $562 in the beginning of 2023.
+50% annualized profit .
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Comment with your opinions. Any idea is appreciated.
Manage risk properly and don't invest more than you can afford.
BNB USDT Positive Bullish DivergenceBNB USDT Positive Bullish Divergence RSI-MACD Divergence
not investment advice
EURJPY Due for a Correction The EURJPY is nearing the upper boundary of the ascending channel, which means that a minor dropdown is likely to occur next. Such a bearish correction does not have to entail a complete trend reversal but merely to act as a minor retracement of the broader uptrend.
Even still, contrarian traders could catch a sizable dropdown to one of the next psychologically significant targets - the 23.6 per cent Fibonacci retracement at 130.718 or the 38.2% Fibonacci at 128.988. That is if the price manages to break down below the channel's upper boundary.
Notice that the uptrend consists of three major legs (the third one currently being developed). Dropdowns occurred each time that the MACD reached a climax, which is currently being the case. Hence, a bearish crossover at the present rate would likely entail the emergence of another dropdown, which would be inlined with the primary expectations.
UNI looks ready to move upUNI vs. BTC is showing a divergence according to the MACD. The RSI Stochastic shows that it is undersold so *I* will be taking a long position.
*Disclaimer: This is not investment or trading advice. I am just reading the chart and I may be wrong. I disclaim all responsibility for any market losses or gains by any individual who trades/invests using this analysis.
4HR Bullish Divergence at the PCZ of a Bullish Shark MACD Bullish Divergence, Oversold Stochastic, Oversold RSI, and the MFI is rebounding from Oversold territory after hitting a 1.13 PCZ of a 4HR Bullish Shark I will be longing and targeting the 50 percent retrace from high to low and expect to see the AUD potentially continue it's downtrend after hitting the 50% retrace to confirm a potential Bearish 5-0.
BTC Double Triple Corrective Pattern?BTCUSD appears to be forming a double three (WXY) pattern, which is characterized by a 7 swing structure. Wave subdivision is 3,3,3 which means all of these 3 waves are corrective sequences.
If this correction plays out, BTC could find support in the mid-40k range at its bull market support band.
GRT Long PredictionBased on the RSI, MACD, and chart patterns, I believe the price will break through resistance at $1.63 in the next few days, and then continue to hit $1.83, pullback, and then break through that resistance to finally bounce off of key resistance at $2.15
$SHOM Could be a runnerSlightly oversold on the hourly so id expect a slight pullback. Buy the retrace and enjoy the ride
Interesting times for LTC!Hi all,
I've been digging around in TA for a little bit, but of course with the whole crypto space being what it is nobody actually knows what will happen so happy trading and make your own informed decisions!
I try to trade by patterns and some TA indicators. This run has been awesome! I am looking to up my LTC holdings through some well timed buys and sells. Currently, I am seeing an opportunity for a sell with a potential buyback within the rising channel. Of course, sometimes we see what we want to see in these charts, so again-- not financial advice.
Bearish:
I found a bearish RSI and MACD divergence in this run.
The past few cycles when RSI has reached this point there has been a major downwards correction.
Further, LTC has been trading in these triangle patterns so I am wondering what the downwards leg of this triangle will look like when it comes.
Let's see how this pans out!
Bullish:
ALT SEASON!
FOMO
Huge run this morning.
Rising channel breakout
Good luck all
Bullish Alternate Bat pattern PCZ ReachedBeen waiting awhile for NKLA to pull back to these levels and i plan on buying NKLA between $10.7 and $7.8 as it's reached the PCZ of a Bullish Alternate Bat Pattern and seems a bit oversold on the MACD and RSI at the moment.
DXY to Continue Showing Strength as it heads towards 95We got in at the bottom and will continue to show conviction as the DXY attempts to back test the old 91-92 resistance zone as support. If successful the DXY should have clearance to rise to 94 and beyond.
As of now the DXY is showing 3 layers of hidden bullish divergence on the MACD and 2 on the RSI while forming what looks to be a broadening channel above the 92 resistance area.
I expect that this uptrend for the DXY will continue as the US Dollar continues to gain strength and overblown fears of inflation become shattered.
