Until the price is below MA and not out of the cloud, we should Until the price is below MA and not out of the cloud, we should not expect a price hike.
SL = 12000$
TP = 7200$
Sma
USDCAD 15M Short | Evening Star PatternCandle Pattern: Evening Star
Trend: Down
Trend Entry: With
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .618
Fib TP: .618
Stochastic: overbought
MACD Histogram: contracting
200SMA: Above (just barely)
Inside EMA/SMA zone: no
BB: top
Pivot Point: Pivot && R1
Notes:
morning star just shy of the last upside swing
I believe this is completing correction point B following a full Elliot wave 5
Long term outlook to 1.2812 downside price range
USDCAD daily dojiDaily doji formed below 200 sma line followed by bearish confirmation which is also bigger than the previous bull bars. Stochastics in overbrought area. My only concerns are that there is no fib support/resistance suggesting that the trend is still going to continue up rather than dropping. Will look for 4hr and hourly bearish action to enter short provided the high of the bearish bar is not violated.
ETC SMA50 crossing SMA200! growth expectedWhy buying ETHEREUM CLASSIC is a good opportunity now?
- Last time SMA50 crossed SMA200 we saw a huge drop. This time SMA50 is crossing SMA200 in the otherway, could expect huge growth.
- Airdrop on 5th march. This kind of thing make the chart crazy, in the good way.
- Investors are in the place, huge volumes.
- We are expecting a lot from ETC since a while, the sleeping giant is waking up.
Buy at your own risk, I'm not pro at all.
OPINIONS ARE WELCOME! Thankss
If Bitcoin 'closes' below the 200: FUNDAMENTALS!?! If Bitcoin closes below the 200 day MA for more than a couple days we may see a rapid sell off to the 6500 level.
The question is after we find support will BTC consolidate sideways for half a year or will we see another bull run into double digits again.
One thing for certain is that the energy consumption of the Bitcoin network is unsustainable by any metric.
Network consuming as much energy as Singapore.
Consuming approx 550 KWh per transaction (not per block, per transaction).
550 KWh is enough to charge a Tesla P100D (the bad boy) up 5 and a half times (you see that math).
The Fundamentals are saying SELL!
...wait what fundamentals...
Bitcoin in falling wedge and reacting to SMA-26The price is following a clear falling wedge and has recently bounced back from the bottom support of the channel. For the past few days, it has been bouncing off of the SMA line which is even more clear when you replay the chart.
Price will likely rise to hit the SMA, retrace a little bit, then continue to rise to the top of the channel. When this happens, RSI will show overbought conditions, go back down to around 50, then continue again to overbought conditions.
MACD is showing a strong uptrend.
My price target will first be around $10000 with a stop-loss at $9000. After that, I may or may not short the retracement that will likely follow. Finally, I will enter long and go to the top of the channel.
Long Trading Signal for NEMThe price bounced from the resistance zone formed by SMA100 and the downtrend line. The previous swing high can be used as a signal level. If price breaks it, we'll get a trend reversal signal and confirmation of further upward movement. MACD lines and DMI are bullish and support buying. Pending orders can be placed at 0.000093 level with stop orders at 0.000072 level. Profit targets are 0.000110 and 0.000135 resistance levels. If the price continues the downward movement and breaks the support levels, we will have to delete buy orders and wait for new trading opportunities.
Long Trading Signal for NEMThe price bounced from the resistance zone formed by SMA100 and the downtrend line. The previous swing high can be used as a signal level. If price breaks it, we'll get a trend reversal signal and confirmation of further upward movement. MACD lines and DMI are bullish and support buying. Pending orders can be placed at 0.000093 level with stop orders at 0.000072 level. Profit targets are 0.000110 and 0.000135 resistance levels. If the price continues the downward movement and breaks the support levels, we will have to delete buy orders and wait for new trading opportunities.
Trading Signal for Ripple (XRPUSDT) formed by SMA100 and 1.300000 resistance level. DMI supports upward movement.
We can place pending orders for buy above the local swing high. If the price breaks this level, we'll get an additional signal confirming the upward movement. Entry level is 1.290000 with stop orders at 1.208000 level. Profit targets are 1.460000 and 1.650000 resistance levels. The part of trade volume can be left for long run.
Cryptocurrency Exchange: Bittrex
Buy: 1.290000 // Stop-Loss: 1.208000 // Take-Profit: 1.460000 / 1.650000
Golden Cross - Bullish ISATL (Inmarsat)How long will the bullish trend last? I wouldn't have sold as early as I did, if I knew about the "Golden Cross". I just recently learned about it. :-)
A Golden Cross occurs when the faster moving average (50day) goes above the slower moving average (200day), which is a good indicator to enter a long trade. A bullish Golden Cross (or Death Cross) is the opposite when a slower moving average (200day) goes below the faster moving average (50day), which is a good indicator to exit the trade.
Any recommendations or tips on how to determine a good entry point with a moving average?
Thanks,
Pat
Short on AUDJPY 1DSMA 5 and SMA 10 is crossing and RSI is still above 30. This could be a potential sell order. I will follow it monday and see how it goes.
Potential target
OANDA:AUDJPY
BTCUSD DEMA analysis vs SMA analysisMy findings indicate that while the DEMA can be an early indicator of a bullish cross it is not accurate. On the left in the DEMA chart, the green circle showed the 50 DEMA crossing up through the 20 DEMA caused a spike in price point... which is just weird because it should have gone the other way because it is actually the 20 moving down through the 50... and in the second green circle when the 50 DEMA moved up through the 200 DEMA it actually coincided with a stop in the rally spike which is also undesirable.
On the right side chart using Simple Moving Averages (SMAs) you can see that the 20 SMA moving up through the 50 SMA caused a very predictable spike and not only that but the 200 SMA also provided a reasonably accurate target point to exit. In addition, as you can see form these two charts, the SMA chart side shows much better support resistance correlation on all of the averages with the price point.
Conclusion... So I'm not seeing any advantage to using DEMAs at this point over SMAs but perhaps on a different time scale chart there may be better results so I will research this a little longer.
SiaCoin Uptrend Analysis> It should break Ichi cloud resistance to continue further upward movement.
> SMA 50 Cross-over should confirm this as shown in green circle.It is also acting as a good support on 1 day time-frame.
> MACD also supports upward movement on both 4hr & 1day.
$waves long continuation- volume way up
- bullish sma crossover (100 over 200)
- bullish sma crossover (50 over 200)
- 50 over 100 crossover is coming I think
- rising wedge
- good chance to break out above rising wedge very soon to at least 78k satoshis
$waves long continuation- trading above cloud at lower intervals
- 50 SMA broke above 100 SMA and 200 SMA earlier on lower intervals, bullish
- just finished an h&s on lower intervals, but the neckline isn't bearish
- staying above 0.5 fib on retrace, so bullish continuation likely
- W bottom on bbands at 12H interval signalling bullish reversal... expect to see it tagging the upper bbands in near term future (~67k sats should be coming soon)
- Broke into the cloud at higher intervals, edge-to-edge coincides with major resistance point of 78.8k sats (short term target)
- If it breaks above 84k sats in the next week, it'll likely land somewhere above 100k sats on the low end
Waves is an absolute steal at 60k sats right now.
EURUSD SHORT PlayHello all, this is my prospective on the pair EURUSD
Wait to see a pull back to 1.1823s which is the 0.382 Fib retracement.
If the pair is still below 200 EMA, 200 SMA (signaling we are in a down trend)
and RSI is showing that the market is overbought look to get short with stops at
1.1866s which is the .50 Fib retracement level and a break of old structure.
Targets will be 1.1724s which is a retest of structure lows
FishNet SMASimple moving averages 1-200 create this FishNet pattern. Together all the moving averages create support and resist levels. Works well on multiple timeframes.
GBPJPY Retest of broken trend line.GBPJPY Retested broken trend line.
200EMA Acting as dynamic resistance
0.382 On fib acting as resistance?
Enter IF
Maybe enter if there is candle stick pattern.
If there is bearish 8EMA21SMA crossover.
If there is nice big bearish candlestick formation.
There is a lot of bearish volume.
Or on my other trade you can see a nice support zone on this pair. If it break that maybe that is a good place to enter?
More analysis on this pair soon.. Good luck !
Please only enter if there is enough confluences.
EURUSD 1H Short Trade to 800 smaPair was stretched away higher from the ma's and fell back to them and then passed through both. Now it is on it's way to the 800 sma. Watch for a retrace on the 15m chart for an entry point. A measured TP can be the distance above the ma's will equal the distance below the ma's. First TP is the measure TP @ 1.1814 and the second TP is the 800 sma @ 1.1746 but my TP will be 1.1755.
CAD/HKD 4H Chart: Channel UpCAD/HKD 4H Chart: Channel Up
The Canadian Dollar is trading against its Asian counterpart simultaneously in a medium-term rising wedge and short-term ascending channel.
As regards the dominant formation, its lower support line practically coincides with the 55-hour SMA, while the other line represents an upper boundary of the junior pattern.
As regards the latter, beginning of this week showed the pair is moving rather in a rising wedge than in the channel and this figure is about to be broken.
However, since the support line of the junior wedge is backed up by the 20-hour SMA, the rate is expected to make a rebound.
Nevertheless, the surge above the weekly R1 at 6.2639 seems unlikely.
In other words, this barrier is expected to be a point, from which the pair would receive an impulse strong enough to leave the junior formation.
EUR/JPY 4H Chart: Symmetrical TriangleEUR/JPY 4H Chart: Symmetrical Triangle
The ECB President Mario Draghi’s speech last week caused a lot of anxiety in the markets and pushed the Euro into a symmetrical triangle against the Japanese Yen.
The pattern has already two reaction highs and two reaction lows, which means that the current round most probably is going to end with the breakout.
An early Tuesday morning the pair started in a limbo between the weekly PP at 1229.57 and the 20-hour SMA from the top and a combination of the 55- and 100-hour SMAs near 129.34 from the bottom.
Some of the technical indicators suggest taking a long position.
However, the outcome of this situation, most probably, will depend on release of the German Ifo Business Climate at 8:00 GMT, which is expected to determine the rate’s direction for the rest of the day.
In a longer perspective, the Euro is likely to be heavily affected in case of adoption of the new US sanctions against Russia that will lead to transfer of assets into safe heavens, such as the Japanese Yen.
Daily Long Opportunity on GoldGold has came back down to the 100 SMA on the Daily timeframe which is also in confluence with a support level. On the weekly timeframe, a bullish hammer has formed and to make this trade even better, in terms of oscillators, gold is oversold. TP for me is the previous weekly high and my stop will be just under the weekly bullish hammers low.
For curiosity, what do you think about EMA, SMA, etc?Nothing seems to move up or down (yet) in Bitcoin world, so in the mean time, would you kindly share with me what you think about EMA, SMA etc?
Are they rather old? Any use? If you are utilizing them, which MA, which parameter do you choose and why?
Personally I used EMA 10, 20, and 50 back when I traded Gold, but now my friends seems to ignore MA altogether, haha.
