GOLD : XAUUSD Buy From PivotOANDA:XAUUSD
Hi , Trader's Our last Gold Target Hit , We are trying our best to provide you simple and profitable analysis
Now market After Hitting resistance Bow reverse to it's pivot area .
Buyer's are buying Gold from Pivot point as Gold is safe heaven for investment
50 EMA also supporting GOLD , Increase in volume can make price volatile
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Macdivergence
NIO: CHART UPDATE / RSI CYCLES / MACDIVERGENCE / FULL BREAKDOWNDESCRIPTION: In the chart above I have provided a Semi-Macro analysis of NIO. As previous chart setup became invalidated with the decline of Price Action a strong support was confirmed at 8.50 Points, the same Support that gave way to further uptrend when touched on Oct 25th 2022. Despite invalidation of past Chart Setup CYCLE ESTIMATION was fairly accurate.
POINTS:
1. Deviation of 2.50 Points between Supply & Demand Channels remains the same.
2. Current Trend: Sideways Consolidation
3. Price Prediction: 13 Points by March 31st & will serve as another attempt to breaking upper level of 14.50 Points.
4. TIMEFRAME for 5th CYCLE PREDICTION was drawn out by utilizing the mean average of the past 4, RSI agrees with these cycles of Buying & Selling Pressure.
IMPORTANT: RSI needs pullback & is EXTREMELY IMPORTANT Price Action holds above 9.50 Points or at the very least lingers above 9 Points in SUPPLY POCKET.
RSI: RSI has completed another cycle by reaching OVERSOLD TERRITORY in the 30 RANGE & is Breaking Trend.
MACD: Faster moving average on MACD has confirmed current uptrend on Price Action. Next step would be to see MACD flip & surpass Median level to the upside. (Most crucial indicator in this scenario)
SCENARIO #1: In a Bullish scenario Price Action holds above 9 Points or 9.50 preferably for some consolidation & follows cycle with an eventual break of 12 Points making way for a test at 14.50 Points.
SCENARIO #2: In a Bearish scenario Price Action deviates from cycle and decides to Break Down 8.50 Points which would be followed by a further continuation of next SUPPORT at 7 Points.
FULL CHART LINK: www.tradingview.com
NYSE:NIO
The price ceilingDOGE is trading at $0.0820, which is a positive sign as it is above the crucial support level of $0.0800. However, if the coin falls from this level, it could reach $0.0780 and potentially fall further to $0.076 before showing signs of recovery.
A negative MACD value indicates that the short-term moving average is below the long-term moving average, which could suggest a bearish trend in the asset's price. In this case, the negative value of -0.00133 indicates that the short-term moving average is slightly below the long-term moving average.
To remain stable in the next trading sessions, DOGE needs to stay above the $0.0800 level. The coin faces overhead resistance at $0.084, and if it surpasses that level, it could reach $0.0890, which will be a challenging price ceiling to break.
If DOGE manages to break this price ceiling, it could signal a bullish trend. The high volume of DOGE traded in the last session suggests that sellers are currently dominating the market.
ETHUSDT | Wave Analysis | Massive Bull Flag +70%Price action and chart pattern trading setup:
> A potential ABC correction reversal pattern with MACD bullish divergence below baseline
> The price is currently trading between SMA20D vs SMA50D
> The current C wave position retraced 0.786 of A wave with a bullish inside combo pattern
> Entry @ pullback SMA20 zone
> TP1 @ bullish inside price action combo +25-30% near upper bull flag resistance and slightly above SMA200D
> Stop @ C wave position -10-12% downside
> Risk reward ratio: 2:1
If the price breakout this massive bull flag - this will confirm the new uptrend 1-2 pattern and the flag resistance will become the support with an estimated +70% upside from the current trading price.
Always trade with affordable risk and respect your stoploss
Moving Average Free Options MethodSimple to use on the 15 minute to Daily chart. When the Emas cross with green on the top buy calls within $2 strike. When cross with red on the top buy puts within $2 strike. Bottom Mac'd Ema difference should also be same color as top Ema. Green/Green or Red/Red. Any light blue line Ema or Sma can be support or resistance so be prepared to sell. Buy time never buy contracts that expire that day. Greeks will burn you. Support and resistance are the green and red stripes across the chart(also sell or buy points. Ideally enter on the 5 minute chart then switch to the 15 minute or half hour chart to eliminate noise. Happy trading.
“HOW TO” Video Overview “Jerry J8 Scalping Indicators"Hello Investors!!!
This is a detailed video overview of the “Jerry J8 Scalping Indicators” which can be used to scalp when the markets are up, down, or sideways.
I will post the link to the strategies after this video goes live on TradingView in either the Related Ideas, or as a comment below with the link.
Thank you.
j.Hejazi | EURCAD waiting for breakoutThe EURCAD currency pair has formed a triangle pattern with a divergence on the MACD indicator. This pattern also appears to show triple tops with another divergence. These patterns are located at a strong resistance area, as the price is touching the 200-week moving average and testing the key level of 1.46350. To consider a sell signal, the price must break the neckline of the triple tops and triangle.
However, if the price moves up and breaks the moving average, it must also break the 2 yearly resistance trend lines at 1.47313 to be considered a buy signal.
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Is IT stocks ready to lead the NIFTY?HCL TECH : CMP 1134
SUPPORT : 1010-1030
TGT : 1215/1305
IT index is going to support the NIFTY as most IT stocks is showing similar trends, Our pick is in this segment is HCLTech CMP 1134 has good support at 1010-1030 which is 50% retracement of recent high 1149 and about to breach the high and is heading towards 52wk high 1215 and if we consider Ellliotwave then it is continuation of wave 3 which will take it to 1305 which is our final TGT.
LINK Seems to have a great downward aheadHi dudes
As I work with Divergence, a big 4 hours RD divergence in MACD ( which actually shows a higher time frame ) is being shaped, So I don't look for any big LONG position at the moment, but a nice big SHORT when my triggers at the lower time frame is pulled.
Besides, the long term guys are clearing their positions in multi-steps way as shown in the 1 hour and 15m time frames ( something like 3Drive )
Remember, the divergence is not completed yet, but it's probably gonna get a good shape.
Once triggered, you can either enter at the starting point, or wait some while for the price to change the direction and then get all the -HD & -RD divergence ( or use trend lines breaking + appropriate candles as a trigger ).
I will post a new one in the near future :)
good luck
ETH Long to 2000 USDTDear All, welcome to our trading ideas section.
This is not investment advice, and we are just sharing our point of view on what we see on the chart.
In this Chart we are using the TFLOW V3 MTF Indicator, which is our product as well as the MACD, Volume Profile and CHOP LRSI V1 (we keep only the LRSI).
We go to the weekly chart to see the bigger picture.
So the indicators show us that:
The MACD is heading to point zero so we have a reversal in motion.
The LRSI is showing us that there is plenty of energy to move the price.
The Cap & Handle Pattern shows us that the target price for ETH is 2000.
5 Important Points About BTC.D🦍BTC.D or Bitcoin Dominance is one of the most important factors for investors to find out, if it is better to keep more Bitcoin in their bag or Altcoins. Don't forget, it's not all you need to make your decision but it's the important one!
To make a decision about BTC.D, I've checked multiple parameters on weekly time-frame chart, so we dive deep into them one by one. Let's hit it.
#1: Indicators (RSI and MACD) :
MACD is showing a bullish divergence on the chart, that means the bearish momentum is getting weaker. It doesn't mean we're going up, but it means if any bullish power happens we can easily go up because Bears are weak now.
Let's check RSI on the chart, the RSI is completely moving above a ascending trendline (Yellow line). Until we're above it, then BTC.D is good to go up. It looks like RSI is going to touch it's trendline again, if it does, I'll consider it as an important date to check my altcoins to swap with Bitcoin.
#2: Consolidation channel for 1.5 year :
This is a very strong and important channel for BTC.D because it has trapped BTC.D inside of it for more than 1.5 year, and many traders have used it to accumulate more BTC. How? Swap altcoins for Bitcoin in the bottom of the channel and the opposite in the top of the channel.
Now that we're very close to the bottom of the channel so we have to consider swapping again, from Altcoins to Bitcoin. But be careful, you have to check each of your altcoin's chart one by one before making any decision.
#3: Very strong support area (green area) :
At the bottom of our consolidation channel, you can see a green area that is the strongest support area in BTC.D history. Because almost every time BTC.D had reached this level, it has forced BTC.D to move upwards. The overlap of this support area with the bottom of consolidation channel makes me seriously consider to swap most of my altcoins (with capital/risk management) with Bitcoin. SO TAKE BTC.D AROUND 40% SO SERIOUSLY.
#4: BTC.D All Time Low :
It is possible to have a downward fake breakout to 35.4%, because this is BTC.D ATL (all time low). It has happened before, so I'm still bullish on BTC.D unless this area is strongly broken downward. Other than that I believe we're in the BTC.D floor or at least close to it. It means, I prefer Bitcoin to Altcoin for long run as this is a weekly time-frame.
#5: Comparing Bulls and Bears :
I compared last two waves in the consolidation channel, greens from bottom to top and reds from top to bottom. As you can see on the chart, it took 20 candles (week) for bulls to go from bottom to top and 13 candles for bears to cove top to bottom. It means, in last two waves bears we're definitely stronger than bulls and we didn't see enough momentum in bulls.
Although BTC.D is on the floor but my impression is that, BTC.D doesn't have enough momentum to break the channel upwards with one bullish wave. I think we need at least one strong correction in the middle of the road, before upward breakout. This will be my tough about breakout unless we see a super strong momentum when the bulls start pushing BTC.D.
I wanted to add something else about this breakout, no matter when it happens, the target of BTC.D will be something around our green area (58%). So that date, will be a good time to check the market to swap Bitcoin for Altcoins.
Well, this is my analysis on BTC.D, don't forget this is a weekly timeframe, so it is for long-term investors not short-term traders.
Feel free to add up your ideas about my analysis in comment section, I do like to discuss different ideas with you guys to educate ourselves and take the best out of the market.💖
Oceanusdt local shortThe OCEAN price formed a RSI and MACD divergence at 8h tf and RSI is located at overbought zone.
Also there are a MOM and OBV divergences.
All of them go over to longer timeframes.
It could bring the price to 0.2 level.
SPOT SILVER XAGISD Short Swing SetupOn the 15-minute chart spot silver in the past few days dropped from a triple top and then reversed
in a Fib retracement. Since the price is now at the Fib 0.5 level and a MACD crossover above its histogram,
the time is ripe for an end of the reversal and a new reversal to ensue with the stop loss above the
Fib 0.5 level, the short trade entry is when the price drops below the POC of the volume profile of the
past week ( horizontal black line) with a target at the pivot low of the previous downtrend.
At the target price would either reverse again or break through the support and continue the
downtrend. Overall, this is a projected 2.5 % over a couple of days.
Overall, my trade idea is that spot silver will now drop to the bottom of the recent downtrend
and then reverse forming a double bottom and strong support for an uptrend to exploit for
another profitable trade.
MACD 1D: X, XD, XDD, and P=M(XD)Andrew M. Kempi
7 January 2023
MACD 1D Methodology:
X, XD (X•), XDD (X••), and P=M(XD)
Determine Volume psychology and volume mass.
P=Mass(Velocity), p=volume(XD), including pascal averaging.
The Volume, and price value, is dependent on Velocity (XD).
Velocity is dependent on Acceleration.
Confirm undeviated direction and trend.
Establish location: above or below directional price average.
Trend symmetrically around price average.
Confirm XDD (X••) acceleration.
Identify the Vector utilizing XD (X•).
RAD bullish pattern repetition?Similar pattern formation to Jul and Oct 2022.
High Stoch and strength from a rising RSI can help boost the price over an estimated 3-month range.
MACD at zero level cross. Good entry point. We want to see this MACD maintain well over the zero level along with an RSI maintained over 50.
More peaks above 80 in Stochastics can help support the bullish thesis.
Assumption is a Q3-2022 pattern repetition.
A bullish engulfing candle is expected but is a lagging indicator on such a chart. It can be used as a trend confirmation.
APPL bearish signalMACD has been below zero level for past few days and volume profile is in the red.
RSI struggling to stay above 50 level. Has broken below 20 level multiple times and not crossed 80 level over the past few days. This is a bearish sentiment.
Stochastic has been below 20 level for the past few days and struggled to cross the 80 level. This shows price is biased more towards the 52 week lows.
DOGE PENDING SHORT SQUEEZE???DESCREPTION:
- In the chart above I have provided an analysis for a couple possible scenarios that may occur for DOGECOIN despite a lack of fundamentals or investor interests.
POINTS:
1. We can see that DOGE likes to have a deviation of 0.03000 .
2. Observe MACD below chart you can see that previous squeeze was predicted by a steady MACD that held a consolidation zone which appears to be what is happening now.
3. The monthly trend line on the monthly indicates that we are coming to an end of bearish momentum.
4. On the weekly if you observe the BLUE LINE trend you can see we have an ASCENDING BROADENING WEDGE.
5. Around January 20th if price action is to stay within current supply pocket price will begin to squeeze tightly this can be a catalyst for a short squeeze since we will be having the monthly and weekly pattern expire.
6. 0.07000 is a very crucial threshold to hold in order to invalidate bearish momentum and to validate current setup.
BINANCE:DOGEUSDT
XMR short- as you can see the XMR formed a huge falling chanel at daily time frame but ..
- there are rising wedge formed inside - also divergence defined: CCI, MOM, MACD, RSI (source macd histogram)
- before breakout of falling chanel we maight see back movement to middle of the channel or lower (the 0.5 level of Fib is near 139)
UBER Set To Drop Based On DivergenceUBER is set to drop based on MACD trends and bolliner bands showing sell signals. Elliot wave analysis also shows a down trend detected in wave 3 which is set to further decline. UBER should be sub $25 by the end of the week based on these trends. Great shorting opportunity.