A good long in EURUSDMACD shows divergence. It should follow the arrow. Don't jump into it because it can go still lower
Macdivergence
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.
USDCAD is ready to go downUSDCAD can go up slowly, but at some point it should do one movement down, give us a flag, sell and keep falling.
Don't miss this one
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.
ES1!: Follow-up post from Bears be warnedJust want to highlight the negative MACD divergence in the ES1! to put in context the counter-trend rally I was talking about in the earlier post. Major market tops are usually marked by counter-trend rallies showing up as a lower high. Bears should bide their time and lick their chops when the lower high has materialized.
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.
USD JPY ShortLast weve for the correction. Also we can identify divergence in the MACD H1
If the price respect the current resistance we can enter with sell.
XRP The StandardXRP turned resistance to support on the daily after breakout and rally. Currently hitting resistance. Entering the trade on a retest of the support. Taking profits at previous resistances. Potential bull div on the daily MACD.
To Long or Short XRP with leverage:
www.bitmex.com
Time to go up in NZDUSD, don't you think so?We were going down for a long time here. It is time to do a correcction or a very good impulse to the top. MACD shows a lot of divergence. I do not think we will have another little down move, but it is possible
Reversal point in NZDUSDWe have one hour flag with no MACD divergence, that means continuation. Take this trade from the bottom and keep it until the daily top
One more drop in AUDCAD before reverseI thought we were going to go up this time, but this is going too slow. That means that probably we have another drop before the big upside
Bull's trend in Natural Gas is ready for its reversal
The recent uptrend in OANDA:NATGASUSD is ready for its reversal based on two bearish divergencies: RSI (relative strength index) and MACD. I also don't see much of volume which would support current enthusiasm of the bulls. Based on my observation of the OANDA:NATGASUSD almost over a year, the price level of 3.00 can be broken due to extreme weather conditions which are not expected in the foreseeable future.
It's time to open a long position in AMEX:DGAZ if you want to catch the downtrend.
I expect the level of 2.9 being tested next week.
Similar scenario from XRP's last bull runYou can see the similarities with the MACD divergence and the RSI reaching a possible bottom. If this is the case, we are looking at a possible bull run.
The only way this drops more is if BTC takes a crap. If BTC stays stable or moves up, we should see a move up.
Possible Short in GBP USDThe price have been testing a Daily trend line, also we can see that price are respecting a Daily support.
The MACD shown divergence. Considering this we can sell, Our target will be the next Daily support
ICX at all time low with a bullish divergence formingThis is the weekly chart and while there is not a ton of data on this seeing as it's relatively new, there is a bullish divergence being shown on the weekly chart. This also lines up with ICX being at an all time low from when it first came to market.
If BTC goes down, I'm sure there is room to go down well past this all time low, however, this chart independently looks like it could be a good long opportunity. Trade at your own risk and if you do, I'd suggest a stop loss 5-10% where you enter at this bottom as to not risk BTC crashing. This is not a day trading chart, this is a mid/long term outlook based on the weekly view.
ICC Labs - break-out Aug 21About: ICC Labs ICCLF
ICC Labs Inc., through its subsidiaries, produces and sells cannabis in Uruguay. It offers recreational cannabis, medicinal cannabis, cannabinoid extracts, and by-products for medicinal, recreational, and industrial use, as well as industrial hemp. The company is headquartered in Vancouver, Canada.
Blocked at the border?
Break-out Aug 21 on MACD, buylongselllong @MarxBabu, and CCI using 1 day chart.
Note for own use. Industrial HEMP & Cannabis stock, Uraguay?
EVIO Labs - buttoms upEVIO Labs is another micro small-cap cannabis lab test & research co.
Entry at $0.70 and getting bounce to T1 / T2 for exit. Not profitable
or I'd stay longer.
Gaining position. Targets both on Fib retracement unless something
changes. One of 3 approved test facilities in MA, and already in CA, OR,
and WA.
Oscillator Divergence Indicator by JDLimHow to apply the Oscillator Divergence Indicator by JDLim to your favourite oscillator.
1. Like the script "Oscillator Divergences by JDLim"
2. Add your favorite oscillator to your chart.
3. Apply the "Oscillator Divergences by JDLim" to that indicator.
4. Confirm the correct input source is selected.
5. Trade well and donate if you become successful :)
Link to indicator
BABA: Accumulate at bottom of channelBaba is like the Goog, it isn't going away and neither is China. Baba is less about international trade than it is a domestic play. Look for policy or fiscal support as the CCCP look to soften the Trump tariffs. Stock is trading at the bottom of the channel with a potential positive MACD divergence and should consolidate around current levels before testing the channel's upper boundary around the $210 level. Stops can be placed below the channel's lower boundary for a good risk reward trade.
US Oil (Cypher and Harmonic Patterns) -4h ChartConfirmations for Cypher Pattern:
- A to B must touch 0.382 but cannot exceed 0.618
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 - 0.886 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)
- Third TP would be back to point C
Good Trading. -4h Chart
Short in USD JPYThe price are respecting the resistance of H4 and don't are showing new Highs, also we can identify divergence in the MACD.
If the price respect the resistance marked and the signal in MACD crosses we can enter with sell
How to Simply Spot MACD Trend and Benefit from Histogram.Welcome back to my another Educational post.
I really do appreciate all support I got in my previous Educational material about MACD, so I am bringing you some more useful Education simply explained about MACD .
As I was doing my next Bitcoin Technical Analysis, I was looking a bit more into MACD and thought, I would explain to you a little bit more about how MACD works.
How trends are creating, when they start or end, what to consider as support or ressistance on fast lane, how to benefit from histogram.
Lets start with Histogram.
Its really all about those commas, lets start by splitting the histogram to two sides.
Positive - upper, when histogram is positive, fast lane is on buy signal.
Negative - lower, when histogram is negative, fast lane is on sell signal.
In simple histogram shows the overall volume which is in dominance, for example long positive comma represent strong buying volume in one specific timeframe.
Histogram also has his own support and ressistance levels.
You can also consider Histogram as wave indicator .
At Positive histogram, the tallest comma represent ressistance .
You can find ressistance when the next comma in uptrend is lower than previous, forming downtrend .
You can also find support at Positive histogram, basically when in downtrend is one comma taller than previous one , uptrend is being formed.
At Negative histogram its the same thing, just rotated .
So the tallest histogram comma represent that support was found forming uptrend .
When a next comma is taller than previous one, it means ressistance was found forming downtrend .
Lets follow it up by fast (blue) and slow (orange) lane on macd.
Fast lane is known as signal line.
When is fast lane is above slow lane, this gives a buy signa l and also the slow lane can be considered as support , and as you know each succesful test lead the price higher.
When fast is lane is below slow lane , this gives a sell signal and also the slow lane lane can be considered as ressistance , and as you know each unsuccesful test lead price lower .
MACD and Histogram are pretty close connected together as they are giving similiar signals, making signal easier to spot together.
When MACD lanes are high is harder for them to cross and give buy signal as i ncreasing demand is required , same is valid for low or oversold macd, its easier for low macd lane to give buy signal as less demand is required.
I think thats all important information about MACD for now , everything else should be explained on the chart with the help of Legend.
Hope you liked this Education about MACD and more close look on histogram and his purpose. None of this contect was copied, and its all written by me.
Hope I havent missed anything important , if yes point it in comments .
If I have learned you anything that you are able to benefit from and be a bit better trader , let me know by smashing that agree button , each like is very appreciated as I am doing this for FREE and it took me a LOT of time, Thanks a Lot !
EURNZD (Bat Pattern and Ending Diagonal) -1h ChartBat Pattern confirmations:
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 0.886 (Fibo X-A)
- Take profits at 0.382 and 0.618 (Fibo A-D)
- Third TP would be long term back to where it all started
Ending Diagonal confirmations:
- 5 clear points
- 2 clear consolidations
- 0 to 1 same distance as 4 to 5
- Double top at point 5
Daily analysis of EURNZD at related ideas (scroll down)
Good Trading. -1h Chart
