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Macdivergence

ETH/USD: Breakout!?Quick TA on ETH/USD Backtracking a little bit, ETH has created for itself some stable price floor, double bottoming at $83, followed by break out past its previous overhead resistance at $100. Impending Golden Cross pattern forming. We see clear price action within an upward channel, breaking its 200MA (in red) and key overhead resistance at $125. Note RSI oversold (but only on this short term time scale, so we should expect some retracement back to the $125 level before retesting $135. The bullish scenario would be for this retracement to complete itself, retest the $135 level, break past the neckline to achieve an inverse H&S.
BITFINEX:ETHUSD
by gingerbre4d
SPX: Weekly outlook! Best price to buy?Hey tradomaniacs, welcome to another outlook of the S&P500! Tuff times and volatile markets are giving Swingtraders hard times to trade the market. On the other hand, we`ve seen much volatility and perfect preconditions for daytrading! :-) The S&P500 as the "world index" should be on your watchlist to observe the market carefully! Will we crash? Or can we stay above the panic-zone? SPX500 is currently dancing between 2.600 and 2.800 since 03. October! With two rallys after the the Sell-Off the market was trying to get above the 2.800 but coouldn`t make it. Every rally has got totally invalidated by the market due to uncertainity driven by news over news. The MAC-D is showing us a "Bullish divergence", creating higher lows, while SPX lows are going sideways! Overall we have seen more bearish commitment, it seems the market wants to safe profits as fast as possible. The political situation is cooling down and relationship between China and teh USA seems to be headed in the right direction. If cruide oil climbs, we could see more optimism and at least another try to break through 2.800! Cann we holf 61,8% retracement and 2.600? We will see! :-) I wish you a great start into the new week! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) ----------------------------------------------------------------------------------------------- Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
SP:SPX
by Trading2ez
1
Ethereum Hammering Out a Multicycle Low on the 240-minute and DaEthereum's 18-22 bar daily cycle has bottomed along with its 240-minute cycle (also averaging 18-22 bars in length). The MACD and RSI (14) indicators reveal a pronounced bullish price/momentum divergence, and there's also a tiny double-bottom pattern evident. There is a TON of overhead supply for ETHUSD to claw its way through before any sustained, bullish trend reversal is possible. The first supply level is near 124.00 and then a much more substantial one is near 136.00. If a significant short-covering rally ensues, the higher level would be a great place to close out any recently entered long positions. If you're still short ETHUSD, then by all means consider covering some if not all of your short position asap.
BITFINEX:ETHUSDLong
by Cycle19
Pump to 4740$ followed by a dump at towards 3470$— Bitcoin price movement hypothesis — Two bullish divergences, one on MACD and another on RSI announce a potential imminent pump on Bitcoin. Those signals need to be validated by an important green candle crossing the EMA20. We can also find a bearish Gartley which will be validated by reaching the 4740$ price. Notice that there is a last high point resistance on that area. At 4740 price will reverse (bull trap) and free fall into the target at 3470$. For this hypothesis to confirm bulls need to push the price above the 4400$ resistance which VPVR and past supports mark it as a pain point to travel through.
BITMEX:BTCUSD.PShort
by mistermint
Indicator Review : MACDTechnical indicator: The MACD What does it represent? The MACD (Moving Average Convergence Divergence) indicator is one of the trend indicators. The MACD corresponds to the difference between two exponential moving averages of different periods (the most common are 12 and 26 days) It is a complementary tool to moving averages that allows you to anticipate sales and purchase signals via the study of the crossover between the MACD curve and the signal line or discrepancies How to use it? Two ways to use it: Study of crossings: When the MACD line crosses the signal line upward, it is a buy signal. Conversely, when the MACD line crosses the signal line downward, it is a sales signal. Study of divergences: Deviations is another type of signal that can be detected using MACD curves. These signals, historically very powerful, make it possible to detect a possible significant reversal of the trend. A divergence is a technical term that describes the price of an asset that follows a trend opposite to that of an indicator. In conclusion, the MACD it one of the most widely used trends indicators but it isn't self sufficient, you have to pair it with other such as CCI.
Education
by Arnaudcrypto
ES1!: Bears be warned. Over the longer-term, I am a bear as I tried to highlight in the Preponderance of Evidence chart fest. However, in the immediate time horizon, bears be warned as the ES1! nears ABCD completion at 2590 and we are starting the see the initial signs of a positive MACD divergence. We would need a a higher close to confirm the MACD divergence (new low is defined as a close flanked by at least 2 higher closes). Do remember, any up-move should be viewed in the context of a counter-trend rally as there is a bigger negative MACD divergence in the weekly charts.
CME_MINI:ES1!
by WellTrainedMonkey