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Stochasticoscillator

$TSLA - What happens in the red circle? Low risk 9/16 putsWhile I usually use candle charts, sometimes I switch to line charts for better perspective. On the weekly you can see: * resistance at 50sma ~298.40, price is there * white down trend line is ~308-310 * price already reversed from 50ma, tested 20sma, and put in a big upward move this week (reason for caution on puts) Look at the yellow circle on RSI (14 day). It tested 50 and is back up. If RSI closes above 50 today, then a trade above today's high negates RSI support for puts. It could still rise and move down later Monday or Tuesday, but support from RSI will be weak. Stochastic - %K is red in the yellow circle however as seen on the left we cannot expect it will immediately turn down. I like %D, gray line, which has already dipped once and is now up again. This is a good time to buy puts - put options are cheaper when bought as price is rising. You can look left and see that %D will zig zag in the process of %K turning down from over 80 (or turning up from under 20). Remember this is a weekly chart. Choose when you take profits. Today I am keeping the position as long as price stays below 289. My risk thus is very low since I bought when TSLA was ~298.30. Since I carry the risk of a gap or move higher on Monday I have a very small position to hold over the weekend. I have support on the 30m chart - directional buying volume is elevated (buyer exhaustion) and both 5ema and price are above the Keltner channel. On the daily chart today is the 4th green candle while 10ema is still below 20sma. If today the candle closes above 200sma I see a good possibility that price at least pulls back on Monday.
NASDAQ:TSLAShort
by OptionsRising
4
Ethereum Flashes Golden Cross Signal for Second Time in 2022Ethereum (ETH) printed a widely followed bullish signal on its daily chart that calls for more upside ahead. This technical pattern can signal a shift in market sentiment from bearish to bullish, and we're likely to experience higher prices. ETH Golden Cross The golden cross is a moving average crossover strategy triggered when the 50-day simple moving average crosses above either the 200-day or 100-day simple moving average. This is the second time that Ethereum has printed the golden cross signal this year. The first golden cross signal occurred in mid-April, but it failed to lead to higher prices. However, the first failed attempt can be a positive sign now, because we’re less probable to get the same buy signal twice and fail in both instances. However, given the overall market bearish circumstances, there is still a relatively high chance of failure. Some research suggests that the golden cross has about a 64% success rate. Short-Term Oversold Readings In the short term, we can see that ETH's price is oversold, at least according to the stochastic indicator. Additionally, the sell-off from the $2,000 big round number appears to have found support at the 50% Fibonacci retracement level measured against the rally from the mid-June low. The 50% Fibonacci level is currently at the $1,455 level, and below that, we have the $1,280 intermediate support level that intersects a rising trendline. Looking forward: As long as the support levels hold, the bulls have another chance to try to reclaim the $2,000 psychological level.
COINBASE:ETHUSD
by cryptohopper
3
BTC Macro Entry Reversal Strategy. Highest risk return.Entry point for BTC based on momentum reversing out of the bear market. For those trading on confirmation and solid risk reward ratios. Find a safe bottom, not necessarily the lowest price. Strategy 1. The major buy signal comes when the first Heikin Ashi 1M closes green. (This was once printed in June 2014. But a high RSI would falsify the signal trigger) 2. Looking deeper into the MACD . We want to see a shorter Histogram close in the monthly. (Where a histogram peak is formed) 3. This is usually confirmed by a healthy sign of the Stoch RSI closing blue over orange. 4. If you're even more conservative. After the signal, I'd wait for an spike in volume. Notes. - My personal prediction is that BTC falls 85% towards 11k. However the strategy is triggered at a price the market has decided. The most important part is the risk adjusted return. - The strategy is best aligned to Lump Sum entry. - The histogram will peak. It's a matter of when. Therefore I'm not interested in the price. - I suggest replaying BTCUSD in past cycles on standard bars to see how the bars are printed. (H-A won't work on replay) - The strategy only has 2 major data points. I'd prefer 3. But the higher time frames install greater confidence. Tickers and Indicators. - BTCUSD INDEX 1M, HeikinAshi. - RSI and Stoch RSI . - MACD with histogram.
INDEX:BTCUSD
by Croftyness
BNB/BTCHi investors and traders, BNB/BTC setup looking good for an ATH. To support this idea check my previous BTC/USD which is shows the bottom was in. At least for short term. Oscillators looking good. Forming a bullish pattern with good probability to break out. Price action above 21 EMA on 2 weeks which is so powerful. Correlated with BTC dominance price, DXY chart, BTC chart and ETH/BTC will follow, it seems that the markets want a bounce (maybe a bear market rally) until the end of year.
Long
by cryptoforevery1
1
VET/USD - weekly chart updateLooking at the VET/USD 1 week chart we can see that VET is in a massive Falling Wedge Pattern. A Falling Wedge Pattern is potentially a Bullish Reversal Pattern. Note that the APEX of the Falling Wedge Pattern is located around the end of October 2023. A weekly candle CLOSE BELOW the Lower Converging Trend-line can easily invalidate this pattern as we saw with the previous weekly Rising Wedge Pattern that got invalidated. Here is a closer look at this VET/USD weekly chart: At the moment of typing this, VET is still way below its 50MA, 100MA and 200MA. For the downside, be on the lookout for if/when the 50MA crosses UNDER the 100MA on this 1 week timeframe. For the upside, be on the lookout for if/when VET crosses back above its 200MA and successfully re-test it as support. VET is also still way below its Least Squares Moving Average (LSMA) for this 1 week timeframe. For the upside, be on the lookout for if/when VET crosses back ABOVE and COLSES a weekly candle ABOVE its LSMA creating a BUY Signal for this indicator on this 1 week timeframe, also look out for any successfully re-test as support. VET is still way below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 week timeframe. Note that both the Middle and Lower Bands are pointing downwards and the Upper Band is sideways at the moment. For the mid to longterm, VET needs to cross back ABOVE and CLOSE ABOVE its BB Middle Band Basis. Looking at VETs longterm Modified Schiff Pitchfork Pattern, we can see that VET is still way below its Pitchfork Median Line and has also found resistance from its Lower Green Resistance Line. Looking at the Trend-Based Fib Extension tool, we can see what levels VET has above and below it as potential Support and Resistance. Note that the 1 ($0.01845) Trend-Based Fib Extension Level is located roughly where the 78.60% ($0.1811) Fib Retracement Level is located. Looking at the Fib Retracement we can see that VET has the 78.60% ($0.01811) and 100% ($0.0857) Fib retracement Levels as potential support. I have added to areas of Support which i believe are of great interest as highlighted by the Horizontal Black Lines with Blue Shading. We can clearly see that VET has found strong Support from its first Support Area. The longer VET stays and keeps re-testing this area with lower highs, the more the support volume will be chipped away and VET will potentially drop further to its next support cluster. The Volume Profile Visible Range Point of Control (VPVR POC) is located at $0.004946 and you can see the increased volume cluster located from around $0.00857 to $0.00287. If VET drops to that level, we can expect a huge buying opportunity to cause a spike up. As you can see on this weekly chart, Traded Volume has been low since around Jun 2021 compared to what VET was getting from July 2018 to May 2021. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is increasing with the ADX (Orange Line) rising to 17.129 and above its 9 Period EMA (Black Line) at 15.182. Note that Negative Momentum has dropped with the -DI (Red Line)at 28.041. Positive Momentum has also dropped with the +DI (Green Line) to 16.636. Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line and has been in the Negative Zone since the week of the 13th Dec 2021. Note that the MACD Line (Blue Line) is slight curving upwards so be on the lookout if the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) creating a Buy Signal on this 1 week timeframe for this indicator. Looking At the Stochastic Indicator (STOCH) we can see that the %K (Blue Line) is still under its %D (Orange Line) and both lines are deep in the Oversold Zone and has been for the last 10 weeks. What is interesting is that VET has been in the Oversold zone a few times on this weekly timeframe and on 3 previous occasions VET has spent about 15-16 Weeks in this Oversold Zone before rising above 20. Could be one to watch. I still believe that there is a huge possibility that BTC will hit $12K especially with inflation and the recession we are in, if that happens then we can expect VET to at least WICK DOWN to its 2nd Support Area which is located by its 100% ($0.0857) Fib Retracement Level and its 1.414 ($0.096) Trend-Based Fib Extension Level. I would not get excited on tis weekly chart unless VET closes and successfully re-test as support its LSMA. For the Longterm, wee need VET to break back above and CLOSE a weekly candle ABOVE its Bollinger Bands Middle Band Basis and 200MA. Once this world recession is over and the Governments, The FED, The Bank of England ect ect have completely cleaned up from inflation and whatever else, then the Market Makers will eventually decide that the Path of Least Resistance to Profit is upwards. So once this recession and financial/crypto bear market is over, be it in a year, 2, or even 5 to 10 years. You need to position yourself to be able to buy back in on your crypto of choice and take full advantage of the next parabolic wave up. This is all just my opinion so please do your own research as its your money. I have tried to cram quite a lot in this post as this will probably be my last longterm VET/USD weekly chart post for a while unless something major happens so I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by TradingThroughTheLens
1
Is INTC getting ready to break its channel?As with most stocks, INTC has been in a bearish trend beginning this year. Recently it has entered into a neat downward channel. Following the last test of the channel upper bound (denoted by the blue flag), a substantial decline occurred. This decline ended with a volume spike against the lower bound. The last test of the lower bound (denoted by the green flag) is strikingly different than the previous. It lacked a volume spike and did not push the Stoch or MACD to new lows. In fact, during the latest retracement up, both indicators flashed signals of a bullish divergence. It seems likely that this retracement following the latest lower bound will take us at least to the upper bound, if not break the channel.
NASDAQ:INTCLong
by Ronald_Ryninger
3
4hr support zone and 15 minute descending triangle!EurJpy: On the left side (4hr chart), you are able to see a support level that was hit multiple times. This support line is an attractive spot for all traders that analyze the chart. This level can either hold and push the price up or break and push the price down. On the 15-minute chart, you are able to see a descending triangle forming. Wait for the triangle to form and a higher high to take place. This trade can also go to the downside. that is if the triangle is broken to the downside which means the 4hr chart wants to break that support line. Indicators on the 4hrs match up with the descending triangle. They want to push the price higher.
by Adooma14
$NVAX starting its run?With main confluence from MACD , Stochastics, RSI and MTF EMA's, I am expecting a run to 69.28. Momentum looks to be rising on the Daily, but if you look closer on January 26th we see divergence on the MACD indicator (Orange). While price reached a low at that time, MACD has been steadily rising. Price has been driven lower through this time but MACD has been rising. This in connection with the RSI's and Stochastic's tell's me we are starting to see the run up. I committed to this trade on the 6th of June and don't plan on selling until profit target of 69.28. Depending on momentum once we've reached there, I will close part of my position to allow a possible ride to the golden pocket of the Fibonnaci indicator of .618 Ideally, this is a very technical play, I think with momentum showing to be on the higher side we should see a nice steady run up over the coming next week. Stay tuned Im working on an indicator that will help visualize market volatility and momentum. The goal of the indicator is to help you understand current market strength which direction it's favoring. Before releasing, I am going to fine tune the indicator further to make it more profitable per back testing with python. I'll release this indicator once it's ready at free cost for a limited time only.
NASDAQ:NVAX
by GreenDayTrade
5
BABA LONGKeltner Channel is looking upward which is typically a good set up for long position. RSI just bounced back from level 50 and is going to cross the signal line again. Hopefully aiming for the overbought zone. MACD seems to be losing strength but always above the signal line. Moreover having a look at EMA we can see that 6EMA crossed up 18EMA which crossed up the 50EMA. It could be a hint bullish momentum. Stochastic and Bollinger bands seem to confirm previous situation. We put the entry price above yesterdays closing price just to have some margin because of the premarket price which is at 106.6 at the moment while writing. ENTRY: 107 YELLOW SL: 100.73 RED TP: 119.5 GREEN
NYSE:BABALong
by vf_investment
[Signal] EURJPY: Safe Haven PlayFX:EURJPY Timeframe: H1 Direction: Short Technical Confluences for Trade: - Price action at Resistance of Ascending Channel - Stochastic Overbought momentum - Widening of the EMAs Fundamental Confluences for Trade: - There is some risk with EUR spiking higher due to the rising inflation situation in Europe but at the same time, global inflation pressure is starting to leave a drag on growth. Risk assets may continue to take a beating and may see some safe haven plays. - Inflationary pressure is starting to pick up in Japan; may see a change in BOJ's monetary stance (reducing the yield differential between the US and Japan) Suggested Trade: Entry @ Area of Interest 139.70 - 140.50 SL: 140.92 TP1: 139.25 (move SL to Entry level once TP1 is achieved) TP2: 137.85 RR: Approx. 3.30 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
(SPY) Bears, the market may move lower: careful of the look backAMEX:SPY In this video I go over very general market conditions and express my bear case on the SPY using some simple indicators. This is not financial advise and was created for entertainment and educational purposes only. Do not use this video and its contents as a recommendation to buy or sell any type of security, the opinions expressed are of my own and should be taken with a grain of salt. No one person is always right (or wrong)- please do your own TA and DD when making any financial decisions in the market. A stock guru I know once told me "price action is king" and I took it to heart. Ignore the noise, be simple, look at the chart and let it speak to you. The video is really only supplemental information to pair with the post below (which is much more detailed): The SPY is coming off a very strong bearish candle close at $412. This marked a range from the previous 4 months with a top of range of $479.98 - closing the month of April's candle -14.33% or -$68.77. This 4 month move countered 8 months worth of price discovery - or in other words, a 1 year reset button was just pushed. Rewind. Monthly Time Frame: Stochastic shows neutral, room for buyers and sellers The 200 is trading below the 50, signaling a bull market - don't isolate this thought though The monthly candle that just closed pushed well past the 12 EMA - which acted as support on the previous 3 months candles (as seen as a slice of the candle wicks/shadows) Weekly Timeframe: Stochastic shows oversold slightly. On this time frame the SO seems to be much more sensitive on the oversold side than the overbought. Bears should keep this in mind when considering short term reversals or lookbacks. The weekly candle printed below the 50 SMA, 12/26 EMA, but above its 200 SMA. The 50 SMA (low) attempted support but ultimately failed. The Daily print closing below closing levels of April 2020 There was also a 12/26 EMA cross under that developed in the last daily print - this could signal a stronger downside that is to come. 3 Day Time Frame: Very similar to the weekly with one big difference lying in the 12/26 crossunder which happened Feb 10 and a look back rally that pushed through (but failed to maintain) in late March. May Sept Dec 21' and Feb 22' all produced similar 3day prints that were follow by a bull rally - do be careful of these rally periods as the SPY continues its downward trend as they will come because the price never goes straight up or down. The Stochastic is again showing signs of being very sensitive to oversold conditions. Oct 21', Jan Feb and March 22' all show a rally after touching the oversold mark. 1 Day Time Frame: This is where the picture becomes a little more clear IMO. The daily print is now below the 200 and 50 SMA set, and the 12/26 EMA still - both the 12 under the 26 and 50 under the 200 - technically a bear market (unlike the 1M, 1W, and 3D showing the 50 over 200) The first overhead EMA is the 12 which could be looked to as resistance upon a lookback. The 50 SMA (low) should also be noted, as it seemed to have provided support April 12th - 18th. This support is now considered resistance. Stochastic showing oversold, and again showing sensitivity to these conditions as compared to its counter This is IMO the most important line of support/resistance you can find - not just for the SPY but for the entire market. The ULTIMATE crash will come with confirmation of the break below. Mark this line on your charts and consider it for the future. This is the bottom of 08' that created support, switched to resistance in 11' which confirmation of its strength in 18' and 20'. It was only during a recovery(?) that it was broken. Time will tell if resistance is now support - we do not know yet because it has not been tested. My gut says it will provide some, but very little resistance when the time comes. This is what that line looks like relative to the daily for context - the current price is roughly $20 away of -5% from this line of "assumed" support. This is not a hard feat IMO for bears to look at as a price target in the short term. This would be in the $390-400 range. If you consider the 3 day chart in relation you will notice the 200 SMA set has a H-C-L of 387.26, 382.71, 376.92, respectively. This could be a lower PT that bears could be looking to. Additional levels to consider to the downside would be a range of 405-411 in the near short term. Really, considering the gap found on April 1st to April 5th that range could be extended to 400 before support could start to be used. There is no real structure here though, the next structure is found in the lower 390s. Lookbacks could happen at any time, but patterns lately show lots of doji and morning star reversals that tend to give us a heads up. Again, nothing goes up or down in a straight line. Lookback levels I would consider would be on the Daily time frame at the 50 and 200 SMA sets 50 SMA: 437.19, 433.28, 428.68 200 SMA: 450.98, 448.15, 445.13 Also, I would consider the pivots at 437.20 and 461.55 as resistance in the case of a rally Conclusion: I expect continuation of bearish pressure with short lived look back rallies. The market overall IMO is not topped out just yet and we very well may see higher highs before lower lows in the short term. Even though I do think a crash is imminent, I do believe there is room for bulls to take short control. Mainly do to oversold conditions that show lots of sensitivity. That said, there is also no indication of a bottom just yet either. Almost all signs point down. Remember, and this is the last time, nothing goes up or down forever - expect turbulence. I think the SPY will go down to $400 to at least test, and perhaps even lower to the 370s before a bottom is found. You all have a wonderful trading week and best of luck to all those in the market!
AMEX:SPYShort
by OccamsPhazer
2