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Exponential Moving Average (EMA)

Ethereum Daily AnalysisEthereum seems to have made a daily bull flag. Of Course after it breaks upwards from this flag, Ethereum might reach new local highs. In the mean time it has met yearly dagonal resistance. This makes it likely for Ethereum to retest the 230$ support zone (green). It is still bullish on the daily time frame since it has not closed below the daily EMA Ribbon. This indicates that the daily bullish trend is still intact and we should expect new local highs with it. The target for the breakout of the bullflag is 275$. IF Ethereum does meet this level, it will likely continue upwards to the 280$ level where it meets heavy resistance. We should also keep in mind that the 250$ level is also heavy resistance.
COINBASE:ETHUSD
by JayT121
Bitcoin is ramping up for a huge breakout! Bitcoin in the recent days and weeks has formed a Ascending triangle.This has been after the recent double bottom we say a few days ago. This is bullish because Bitcoin has maintained its upwards trend. Bitcoin will likely find the top of the triangle as immediate resistance. Get ready guys because The target for this breakout is about 11.6k which gives a nice risk to reward ratio. The volume has been declining as evident by the volume indicator. This is significant because when volume decreases, it means that there will soon be a breakout with massive volume spikes relative to the rest. Bitcoin has held it's macro upwards trend by closing above the daily EMA Ribbon. As indicated by previous moves, when Bitcoin closes below the EMA ribbon, it usually indicates the ending of the daily trend. Remember guys " The trend is your friend to the end". Shorting before Bitcoin breaks out of this zone maybe detrimental because the trend is still intact. If Bitcoin breaks out of the ascending triangle, then the next biggest resistance is the 10.6-10.8k level . Keeping in mind that there is a CME gap at 11.8k, it makes it more likely that Bitcoin will come up to fill this level since most CME gaps in the daily time frame get filled. For more tutorials you can go to https:cryptoatlas.net ! Good luck guys!
BITSTAMP:BTCUSD
by JayT121
3
RSI and breakoutsIve noticed that when : 1The RSI hits below 30 on the 30min sometimes 1hr time frame 2Then goes up to just before 70 ...say 67 on the RSI 3Then drops again to 25-29 THAT'S A BUY I think that would indicate a breakout to the upside. The RSI will go up and down in wave patterns. This doesn't mean the price will follow. BE CAREFUL. So, if it has to hit 70 on the RSI but doesn't. Then drops ,all those people who FOMOed in are FOMOing out at a lower price bringing it up but with more volume. THIS IS JUST ME TALKING AND NOT ADVICE.
KEducation
by UnknownUnicorn5174798
BMY Long, Using EMA144 as SupportCondition: 1.Runaway Gap (G1) Shows 40% of this trend. 2.V Pattern 3.demand zone confirmed. 4.Cross Over EMA144 Earning date: 8/6/2020 7:00 AM ET -- Earning will not affect this plan. Entry: 61 Stop: 59; Target1: 67; risk/reward=1:3 Target2: 74; risk/reward=1:6 Using EMA144 as Support is one of my long entry script. See the linked Related Idea. This is a trading school homework. I need few months to practice trading plan. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
NYSE:BMYLong
by PlanTradePlanMM
1
PG Long, Using EMA144 and SMA50 as support I combined my two scrips: Buy in long term uptrend and Draw SMA50 swing I found EMA144 also good to be used in 60M chart to verify trend direction. Condition: Weekly chat: V Pattern, 60M: 1.Double Bottom 2.SMA50 Cross Over EMA144 3.Demand zone is confirmed 4.Trend line Break (TLB1) Earning date: 7/17/2020 7:00 AM ET -- Earning will not affect this plan. Entry: 117 Stop: 114.5; when Below EMA144 Target: 125; risk/reward=1:3 This is a trading school homework. I need few months to practice trading plan. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
NYSE:PGLong
by PlanTradePlanMM
3