ADA/USD - 1 day chart analysisHere is a closer look at this ADA/USD 1 day chart:
ADA is in a Ichimoku P Wave (the 2 converging Blue Trend-lines on Chart) on this daily timeframe. This P Wave is potentially Bearish because it is an inverted P. Note that the bottom trend-line of the P Wave is near the 38.20% ($0.430) Fib Retracement level.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-Term Momentum is upwards at the moment. Note that the Conversion Line (Tenkan Sen) is still under the Base Line (Kijun Sen)
The Ichimoku Cloud Base Line (Kijun Sen) is indication that the Mid-Point of the Mid-Term Momentum is sideways at the moment.
The Ichimoku Cloud Lagging Span (Chikou Span) is indication that Momentum is downwards at the moment. Note that the Lagging Span (Chikou Span) is still under the past price.
Note that ADA is still in the Bearish Zone of the Ichimoku Cloud.
ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA for the 1 day timeframe. Note that the Upper and Lower Bands are Pinching inwards at the moment.
At the moment of typing this, ADA has dropped below its Least Squares Moving Average (LSMA). A daily candle close below the LSMA would be considered a Sell Signal for this indicator on this 1 day timeframe.
ADA is still well below its Longterm Upwards Pitchfork Pattern Median Line and is also below its Lower Yellow Pitchfork Resistance Line.
Looking at the entire ADA Chart we can see that the Volume Profile Visible Range Point of Control (VPVR POC) is at $0.041 and we can see the previous huge Volume Cluster from $0.096 to $0.033. This represents the area where the most volume was traded.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is dropping with the ADX (Orange Line) at 13.988 still below its 9 Period EMA (Black Line) which is at 15.181. Negative Momentum has dropped with the -DI (Red Line) at 19.976 and Positive Momentum has also dropped with the +DI (Green Line) at 17.218.
Looking at the Relative Strength Index (RSI) we can see that momentum is downwards at the moment. Note that the RSI (Purple Line) is below its 9 Period EMA (Orange Line) which is a sign of negative momentum strength. Note that the RSI still has plenty of room to drop before entering the Oversold Zone on this 1 day timeframe.
If ADA breaks below its P Wave and its 38.20% ($0.431) Fib Retracement level then we may see an eventual drop to its 50% ($0.233) Fib Retracement Level.
For the upside, we need ADA to stay above its LSMA and to eventually get back ABOVE and CLOSE a daily candle ABOVE its BB Middle Band with a successful re-test as support on this 1 day timeframe.
Looking at this ADA 1 day chart really puts things in perspective, as you can see, ADA spent from March 2018 to March 2019 in the BEARISH ZONE of the Ichimoku Cloud which was then followed by about a year or so of a few rises and falls until March 2020 when ADA rose from $0.017 to an eventual new ATH of $3.143 in Sept 2021. Once this world wide recession and financial/crypto bear market is over be it in a year, 2, 5 or 10 years, eventually the Market Makers will decided that the Path of Least Resistance to Profit is…… upwards! So you have to position yourself ready so you can take advantage of the next parabolic rise up, not just in crypto but also stocks, commodities and indices.
This is all my opinion so please do your own research because its you money.
I hope this is helpful with your trading and hodl-ing.
Exponential Moving Average (EMA)
CAD/CHF: Long position, break outCandian Dollar/Swiss Franc formed a bearish channel in H4 timeframe and made this break out and pull back in the H4 timeframe
This it's the Daily timeframe and we supported the zone of $0.7400 CHD like key support strong in Daily chart as bull continue climb the price.
But now, in H1 we pass the pull back confirmed and I think that CAD/CHF will go bulish now.
I entry right now in the price of $0.7471 CHF, Stop Loss to $0.7445 CHF (24 pips) and target to $0.7552 CHF (83 pips)
I hope that this analysis support you!!!
Good luck!!!
BTCUSD and 3 year EMAThe history of maximum movements under the EMA. The purpose of the study is to study the maximum values of the decline from the 3-year moving average. As you can see, the asset three times in its history had a deviation from the 3-year EMA of more than 20% and each time made a correction to the 0.618 fibo zone.
GBP/CAD: Sterling Pound in the bought zoneGreat Britain Pound/Canadian Dollar it's in the bought zone and I see a long position to entry.
This it's the H4 and I identify that GBP/CAD it's in the key support zone that I watch now. The EMA 200 work as support in the price action.
I put a buy order limit to $1.5860 CAD and Stop Loss to $1.5808 CAD and target to $1.6022 CAD
Good luck!!!
SPX: Being SQUEEZED! Strategies for a BREAKOUT!Hello traders and investors! Let’s see how the SPX is doing today!
First, in the 1h chart, we see that it is still below the key point at 3,810 (purple line), while the 21 ema keeps going up, squeezing the price more and more against the purple line, as time passes.
If the index loses its 21 ema, the gap at 3,694 would attract the price, and it could go even lower, maybe to the 3,636 again (green line). On the other hand, if we break the 3,810 it is easy to see the index filling the upper gap around 4k.
The main problem with this bullish thesis is that before the 4k, we have the 21 ema in the daily chart around 3,900, and since the SPX is still in a bear trend, the ema is supposed to work as a resistance for us.
For now, let’s keep our eyes open, as we are between two important key points in the 1h chart, and a breakout to any direction would dictate SPX’s movements for the next couple of days.
I’ll keep you guys updated on this, so remember to follow me!
VET/USDThis is a longterm analysis of a possible 3 year outlook for VET/USD using the 1 week chart.
Here is a closer look at this VET/USD 1 week Chart.
On this 1 week timeframe, VET has been back above its Least Squares Moving Average (LSMA) since the week of 7th March 2022. Note that a weekly close ABOVE the LSMA is considered a BUY SIGNAL for this indicator.
VET is also back ABOVE its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 week timeframe. Note that the Upper and Lower Bands are still contracting indicating VET still has plenty of room to move up or down before expansion kicks in and it becomes over extended on this 1 week timeframe.
VET is Back ABOVE its 100MA (Red Line) but still BELOW its 50MA (Blue Line) on this 1 week timeframe.
VET is in a massive Rising Wedge Pattern, the APEX of which is around the week of 5th - 12th May 2025 and is at around $8.8 as indicated by the Rising Converging Blue Lines.
VET is also in a Triangle Pattern as indicated by the Converging Black Dotted Lines.
Looking at the Trend-Based Fib Extension we can see that at the moment, VET has found some resistance from its 0.236 level at $0.0876. Note that the Fib Levels are based on Log Scale.
VET closed the last weekly Volume Bar ABOVE its Volume 20 Period MA, in the Green and this weekly Volume Bar will also close ABOVE its Volume MA.
VET is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 3 Weekly Candle that i have selected.
Looking at the Moving Average Convergence Divergence (MACD), we can see that we have a BUY SIGNAL on this indicator for this 1 week timeframe because the MACD Line (Blue Line) has crosses back ABOVE the SIGNAL Line (Orange Line) creating a new Green Histogram. This is the first new BUY SIGNAL since the week of 25th Oct 2021 and it’s the first new Green Histogram since 22nd Nov 2022. Note that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line, so the next key thing will be when the MACD Line (Blue Line) crosses back over and ABOVE the 0.0 Base Line into the Positive Zone.
Looking at the Relative Strength Index (RSI) for this 1 week timeframe, we can see that Momentum is upwards at the moment and the RSI (Purple Line) is back above its 9 Period EMA (Orange Line) and indicating upwards momentum strength. Note that the RSI (Purple Line) has plenty of room to move up before entering the Overbought Zone which is above 70 on this 1 week timeframe.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is still weak with the ADX (Orange Line) at 14.51 under the 20 Threshold and under its 9 Period EMA (Black Line). Positive Momentum has increased with the +DI (Green Line) rising to 25.101 and ABOVE its -DI (Red Line) which is at 19.21. A very good sign on this 1 week timeframe will be if we continue to see the +DI (Green Line) expand further away from the -DI (Red Line) as well as the ADX (Orange Line) crossing back ABOVE its 9 Period EMA (Black Line) and AOVE 20 Threshold.
With such a large rise on the Daily, we shouldn't be surprised if VET re-traces back to its LSMA or even its Bollinger Bands Middle Band Basis 20 Period SMA on the 1 day timeframe. Here is a look at the 1 day chart so you can see the Expansion of the Bollinger Bands. Note that VET found support today from its LSMA Level on the 1 day chart.
Obviously a lot can happen and change in 3 years with the Crypto Market, VET can easily break ABOVE or BELOW and CLOSE a Weekly Candle ABOVE or BELOW the Rising Wedge Pattern's Trend Lines to invalidate it way before it ever gets to the APEX.
The first crucial step for VET will be CLOSE a weekly Candle ABOVE its 0.236 Trend-Based Fib Level at 0.0876 and if needs be, to successfully re-test that level as strong support.
Key things to look out for the potential start off on this VET/USD longterm 1 week timeframe in no particular order:
For the Positive Side:
1: A successful close ABOVE the 0.236 Trend-Based Fib Extension level.
2: Expansion of the Upper and Lower Bollinger Bands while the Price is above the Upper Band.
3: A successful Weekly Close ABOVE the 50MA,
4: The BB Middle Band 20 Period SMA crossing back ABOVE the 50MA
5: The 100MA crossing back ABOVE the 50MA
6: The MACD Line (Blue Line) crossing back above the 0.0 Base Line into the Positive Zone
7: The ADX Line (Orange Line) crossing back ABOVE the 20 Threshold and its 9 Period EMA (Black Line).
8: A Weekly close ABOVE the Ascending Upper Blue Trend-line of the Rising Wedge Pattern.
9: A Weekly Close ABOVE the Upper Triangle Pattern Trend-line.
10: A successful close ABOVE the 50MA.
For the Negative Side:
1: A successful close BELOW the 0.236 Trend-Based Fib Extension level.
2: A drop back UNDER the BB Middle Band Basis 20 Period SMA.
3: A Weekly Close back UNDER the 100MA,
4: A weekly Close back UNDER the LMA.
5: The 100MA crossing back ABOVE the 50MA
6: The MACD Line (Blue Line) crossing back UNDER the SIGNAL LINE (Orange Line)
7: The +DI (Green Line) crossing back UNDER the -DI (Red Line).
8: A Weekly close BELOW the Ascending Bottom Blue Trend-line of the Rising Wedge Pattern.
9: A Weekly Close BELOW the Lower Triangle Pattern Trend-line.
10: The RSI (Purple Line) crossing back UNDER its 9 Period EMA (Orange Line)
I’m sure I’ve missed a few things but that’s probably enough of me rambling on.
I hope this post is helpful with your Trading, Hodl-ing or DCA-ing.
NVDA: Doing as we planned! How to proceed from here?Hello traders and investors! Since my last update, NVDA is doing exactly as expected. Let’s see what to expect from here.
First, in the 1h chart, NVDA broke our line at $ 182.90, and it kept going up, as the momentum was clearly bullish. Since then, it seems NVDA lost its strength, but as long as we stay above the $ 182, it won’t reverse and turn bearish again.
The 21 ema is flat, and this means congestion. In my view, this is a sideways correction, before it resumes the next bullish leg, but the confirmation would only come after the breakout of the $ 196 area (upper black line).
In the daily chart, we are still bullish, as NVDA is above the 21 ema (which is ascending now), and we are above the $ 182. In the daily chart, we understand better why this purple line is so important.
The $ 182 worked as a support and resistance multiple times since April. Clearly, this is an important price level. In addition to this, it was the break point of this Double Bottom chart pattern, a reversal pattern. I mentioned this pattern in my last analysis, and the link to it is below this post, as usual.
The $ 204 is the first resistance to work with. I still believe we’ll fill all the previous gaps and hit the $ 258 again, but this is going to take a while. For now, let’s pay attention to the $ 182 area (the most important key point) and the $ 196 resistance.
I’ll keep you guys updated, so remember to follow me to keep in touch with my daily analyses!
SPX: Key supports and next TARGETS!Hello traders and investors! Let’s see how the SPX is doing today!
First, in the 1h chart, it is doing as we expected in our last analysis (link below this post, as usual), as did a pullback to the 21 ema, and now it is just dancing around it, moving erratically. Now we must keep our eyes open, and watch closely the next key points.
It seems the SPX is just doing a sideways correction around the 21 ema, with the support at 4,073 (red line), and a resistance at 4,128 (green line). By losing the red line, the next targets will be the next supports, namely the 4,050 and the last one at 3,979.
On the other hand, if we break the green line, the bull trend will resume in the 1h chart, and we would seek higher resistances, probably above the 4,168. We must look at the daily chart from now on.
The index is in the early stages of a reversal, as we just triggered a Double Bottom, and we are finally trading above the 21 ema again, at least consistently. So far, the ema and the 4,090 are working as support levels.
In a bullish scenario, the 4,300 is our next target (as I already pointed out in my last analysis). However, the optimal target for this Double Bottom chart pattern would be the 4,500, but it would probably take a while to get there.
For now, let’s watch the support levels, namely the 4,073 (1h), and the 21 ema / 4,090 (D). The resistance we must break in order to resume the bull trend is the 4,128 (1h). I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
EURUSDStrickly based off of technical analysis here.
Price did hit and touch the daily support zone for a double bottom.
Price came back up to the trend line resistance area.
I would look for a reaction off the trendline and confirm a move downward.
1 Hour chart showing resistance to that area.
15 Minute chart showing that selling pressure. If price can fully break that 50ema and trendline, that should be confirmation to go short to the 1.04900 area.
Bitcoin overview marketDuring these days, Bitcoin made a crash during days as U.S. Federal Reserve made a hike interest rates a signal of tightening the U.S. Dollar in Forex market.
So, I was worrying in the Daily timeframe because broke down the EMA 200. And I suppose a possible bearish movement in Bitcoin price below $30,000 USD. But notice one thing that we're in the demand zone on weekly timeframe and it's important to know how the price action will make reaction in that key zone to watch out.
For example: in weekly timeframe it's look bullish, until doesn't broke down this market structure, we couldn't to confirm a change of trend. But fundamental analysis speak us that U.S. Dollar it's taking strengthening as global currency and more power
But it's important to watch out this key level of supply demand right now
I hope that this idea support you.
So, as I'm bearish in altcoins like Cardano and NEO, that expectative could to point that Bitcoin could to crash more than we expect. I have a clear mind that Bitcoin and cryptocurrencies it's in the bear market.
BTC/USD 1WLooking at the Trend-Base Fib Extension we can see that BTC found some support from its 0.5 Fib Level at $30,329. If this support level fails then the next Fib Levels are 0.618 at $26,100 and 0.786 at $20,077.
Looking at the Bollinger Bands, we can see that BTC is still way below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1 week timeframe. Note that at the moment BTC is below its Bollinger Bands Lower Band.
Looking at the Least Squares Moving Average (LSMA) we can see that BTC closed a weekly candle below its LSMA. A close below the LSMA is considered a sell signal.
A key area of support is the area from around £31,075 to $28,666 as highlighted by the horizontal black lines with yellow shading. Note that BTC has found support from this Support Zone 9 times previous since the 4th Jan 2021.
Looking at the Volume Profile Visible Range (VPVR), you can see potential upcoming areas of previous volume interest if the support at around $28,666 and the 0.618 Fib Level at $26,100 both fail. Note that for the timeframe starting Sept 2020 to the present day, BTC is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range.
Note that BTC is still below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 7 weekly candles i have selected.
The Average Directional Index (ADX DI) is indicating a sharp rise in Negative Momentum on this 1 week timeframe with the -DI (Red Line) rising to 30.54 and the +DI (Green Line) dropping to 16.27. Note that the Trend Strength is increasing with the ADX (Orange Line) rising to 17.39 and crossing above its 9 Period EMA (Black Line) which is at 17.37.
The Relative Strength Index (RSI) is indicating momentum is downwards at the moment for this 1 week timeframe. Note that the RSI (Purple Line) still has room to drop further before entering the Oversold Zone on this 1 week timeframe. Note that the RSI is still below its 9 Period EMA (Orange Line) indicating negative momentum strength.
Looking at the Chaikin Money Flow (CMF) we can see that the CMF line (Green Line) is still under the 0.0 Basel Line in the Distribution Zone and has been since the week of the 21st Feb 2022 on this 1 week timeframe. Note that the CMF (Green Line) is also below its Least Squares Moving Average (LSMA) indicating strength for distribution.
If we use the area from around $31,075 to $28,666 as our base and the Descending Trend-line then we can clearly see that BTC is also in a Descending Triangle Pattern on this 1 week timeframe. In any case, if the support area fails then there will be some good opportunities to acquire BTC or your crypto of choice at a bargain price before the next bull cycle upwards. Never say never.
I hope this quick and dirty post is helpful with your trading and hodl-ing.
BTCUSDTHI guyzzzzz
Bitcoin needs a valid break of the 39100 resistance line to get the uptrend
Otherwise we will continue to be in a downtrend which is likely to see a price of 36,500 given the weekly support line.
This pattern, along with divergence, has given day traders hope for the Saudi trend.
But there is still not enough capital to break the downtrend unless a positive news breaks the equation.
TAKE SAFE
Looking at EMA Ribbon on BTC 4 Year CycleWhen looking at the EMA Ribbon ribbon on the weekly chart over the course of BTC's history, you see clear and regular pattern. The yellow only crosses below 3 times: once each cycle after the all time high. Then the ribbon fully inverts leading into the cycle low, which comes 12 months after the cycle high. As of now, the yellow has crossed, but the ribbon has not yet fully inverted. Cycle low is on schedule for November.
Bitcoin: Pillars of Overbought/OS on RSI’s w/ 100D EMA The first 2 pillars on the left price got rejected from 100 Day EMA when RSI's were overbought. The third pillar broke the 100EMA but was still getting/were oversold on the RSI's. The last pillar is close to/has bottomed on the Stoch's and regular RSI is under midline as were testing 100D EMA again. If BTC breaks 100EMA (43.6K) and RSI midline price could have some good room to run, if not RSI could want to bottom again before moving higher.