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TSLA 7D chart UPDATE POST SPLIT / FED NEWSTSLA as shown on the weekly chart has hit the top of a megaphone pattern ( increasing volatility) where it printed a Doji candle to demarcate a reversal while the relative strength topped out testing its Ichimoku Cloud but failing. The ADX has little magnitude ( distance from zero) nor rate of change ( momentum) and is now pointing downward. All in all, TSLA on the weekly chart is at a bearish inflection in the context that TESLA has put out more news about impending layoffs.
NASDAQ:TSLAShort
by AwesomeAvani
2
COGT a botechology stock with a great uptrend SHORTCOGY a biotechonology stock is doing what others in the sector typically do in their performance when they ignore general market dynamics and often hold up in recessions. COGT has 4Xed since May earnings so ALPHA is high. Right now the RSI is down trending so showing bearish divergence. Additionally, the mass index went over the threshold and then under the trigger suggesting an impending reversal. The ADX indicator which has been as high as 100 for both up and down trends is nearly zero. Although not shown on the chart, the mass index indicator has triggered. I conclude that COGT has ran up and extended too far and is now set up for a short trade.
NASDAQ:COGTShort
by AwesomeAvani
$AAVE reached a 10% increase....but so whatGot word today that $AAVE was trading 10% higher than reflected of recent low. Well DUH! THats why its called a "LOW". WHy not talk about it when it reached 2% or 7%? The problem i had with this editorial i read through was they completely failed to mention the almost 200% decrease in price. Half of which took place in just the last 10 days. I mean if youre going to talk about a 10 percent increase in the price to wet the mouths of people in the $AAVE #Community, then at least tell them the FULL story. So with that, Im here to tell you the full story AND give you some advice, as well as place a quick trade WHILE recording the video.
Short
by CoffeeshopCrypto
Bitcoin Below $30k, Heading to 200wk AverageAfter failing to hold above the 100-week price average last week near $36,000, Bitcoin has now fallen an additional -15% from last weeks close and is currently trading at $29,200. Bitcoin is now nearly -60% off of its 2021 high of $69,000 and is seeing additional downside pressure this week due to the issues surrounding Luna and UST which is generating fear and panic selling in the broader crypto market. There is also pressure on risk assets due to the Federal Reserve raising interest rates last week by .5% with plans to raise another .5% in June. Higher interest rates tend to lead to risk off in speculate assets such as crypto. Bitcoin is currently trading between the 100 and 200-week price averages and judging by the recent price trend and historical chart data, price is likely going to head lower and test the 200-week price average down near the $20,000 level which is also the price peak level seen during the 2017 crypto bubble. A capitulation dip to $20k and a bounce would be healthy, a pause at $20k would be neutral, a dip and sustained move below $20k would likely lead to a new crypto winter. The first lower indicator below the price chart is the PPO and it is reading bearish. The green PPO line trending below the purple signal line, and both lines being below the horizontal 0 level indicate bearish momentum behind price. The next indicator is the ADX and it is also reading bearish. The purple DI rising above the green DI line indicates a short-term bearish trend behind price. The bottom indicator is also reading bearish. The green RSI line trending below the 40 level indicates bearish momentum behind price. The green line crossing below the lower, purple Bollinger Band indicates extreme bearish volatility. Overall, Bitcoin and the crypto market in general remain bearish on both the technical and sentiment sides of the spectrum. We may see some relief bounces here and there, but the longer price remains below $30k the more likely it is to head lower in the short to intermediate terms. That can be good or bad depending on your strategy. If you spent all of your cash at higher prices, the dips are no fun. If you are a long-term holder then the dips are good buying opportunities to lower your average, or to open trades in new cryptos. Bitcoin falling below $30k was my signal to begin accumulating crypto again which I kicked off today with entries into Cardano(ADA), Algorand(ALGO), Stellar Lumens(XLM), Decentraland(MANA) and Filecoin(FIL). Their charts looked to be near or at technical support levels if the market decides to turn around here which would help solidify their bases, but I am fine with them going lower as well which would give me the opportunity to accumulate more at lower prices. My hope is that we are in a 1-3 year crypto bear market which would be ample time to build large positions in cryptocurrencies ahead of the next bubble.
COINBASE:BTCUSDShort
by PrepForProfit
S&P500 Below 100-Week AverageThe S&P 500 crossed below the 100-week price average at $3,995 today which is the first cross below the 100-week average since May 11th, 2020. The 100-week average acted as temporary support last week, but buyers were unable to hold that level on the first day of trading this week. In the last S&P 500 update shared back on March 6th price was trading near $4,260, rallied for two weeks afterward to near $4,600, stalled out, and has now fallen roughly -6% from the March 6th update price level to $3,995 today. Much like when price failed to hold above the 50-week average and a move to the 100-week was anticipated back on March 6th, now that price is crossing below the 100-week average rather than holding above it we can anticipate a potential move down to test the 200-week price average near $3,500 which is roughly -13% lower than todays close at $3,995. The PPO indicator is showing bearish price momentum with the green PPO line trending below the purple signal line, with both lines trending down and below the horizontal 0 level. As long as both lines are trending below the 0 level the short-term momentum for the SP500 will remain bearish. The ADX indicator shows the purple DI line rising and above the green DI line which indicates a short-term bearish trend behind price. The purple histogram behind the DI lines is rising which indicates increasing strength in the bearish trend behind price. The TDI indicator shows the green RSI line trending below the 40 level, currently at 32, which indicates bearish momentum behind price. The green RSI line is also crossing below the lower, purple Bollinger Band which indicates bearish momentum volatility behind price. Overall, the S&P 500 remains bearish with price crossing below the 100-week average and lower indicators all reading bearish trend and momentum behind price. Main thing to watch for now is whether or not this week closes below the 100-week average or $4,000 level, both are technical and psychological levels of interest. The last two times price closed below the 100-week average were in December 2018 and March 2020, both of which saw eventual moves in price down to test the 200-week average as is anticipated after todays dip below the 100-week average. -2018 saw a -21% decline from peak to bottom. -2020 saw a -36% decline from peak to bottom. -Price is currently -17% below the 2021 peak near $4,800.
CME_MINI:ES1!Short
by PrepForProfit
LUNA time to correct after 50% pump? LUNA jumped 50% after the bullish Supertrend Ninja - Clean signal on the 24th Febr (green vertical line on the background). It hasn't made a large correction since. Since the listing on Binance in 2020. The Supertrend Ninja - Clean gave 1 bullish signal (+6247% gains). In 2021 it gave 4 bullish signals, with 2 big bullruns (580% and 90%). In 2022 it gave 1 bullish signal (50%). On 13th April 2022 it signalled a bearish Supertrend Ninja signal. While the price moved the opposite direction soon after. It can still go downwards from my experience. Let's have a look at the other indicators. The Stoch RSI is in oversold levels, pointing downwards. LUNA is still in the Bullish Zone of the Ichimoku Cloud. The RSI is range bound at 50 (40-60). If we take a look at the Average Directional Index ( ADX DI) its still bullish. The +DI (Green Line) is still above the the -DI (Red Line). While the Trend Strength is becoming weak. Since the ADX (Orange Line) is below its 9 Period EMA (Black Line). Currently LUNA is also below its Bollinger Bands Middle, Band Basis 20 Period SMA and the Least Squares Moving Average ( LSMA ). Which also signifies a possible downtrend. Going down here, the next support is at 78.85 USDT. Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Use: In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
by Kch28
Bitcoin Is About To Pump! Here are my targetsBitcoin has been in a bearish downtrend for quite some time. Looking at the chart, I want to show you some bullish signs that are starting to appear Bitcoin might head upwards again. 1. MACD is about to cross signal line. 2. RSI is showing bullish divergence. 3. ADX is about to cross lower band. 4. Bitcoin is at a major support line. (bottom blue line on chart) Swing traders can expect Bitcoin to reach first target of 44k zone. There is a possibility of us hitting second target near 52k zone but economy is very bad so be cautious on second target.
Long
by Trebor_Namor
2
Trade MACD Multi Time FrameMaking a trade plane using MACD Multi Time Frame. Chart & Indicator : 1. Heikin Aishi Candle 2. Current Chart MACD 3. Higher TF MACD 4. ADX Steps : 1. Look at Higher TF MACD Direction 2. Check if lower TF MACD is aligned 3. Check if ADX / trend's strength 4. Set a limit position, wait for the price to break support. 5. Set SL in previous high. Set TP accordingly: using Fibonacci or previous zone as a target. This is only for educational purposes. Do your own research accordingly.
Education
by Phoenix-Rise-Trade