$CDW Will the uptrend continue?$CDW just bounce off the sma50 on above average volume. Let's see if the uptrend can continue into year-end.
$85.80
Sma50
$VEA Short SetupRef. price: 43.83
$VEA I see rejection at $44, today closed below the sma50 on 2.72x average volume.
Looks like a good spot to short with a max risk of 2atr (14) stop on close.
$VWO Short setupThe sma50 acting as dynamic resistance in this downtrend, looks like a good spot to start a short with 2 atr (14) as stop on close.
$JYNT Bounced off supportThe SMA50 offered a good entry point yesterday, I went long. Today it bounced off that level.
$RUTH How to catch uptrends using the sma50$RUTH is an example to trend following using the sma50, this moving average offered several buying opportunities to go long. Today the company posted earnings and the stock hit all-time highs. First entry $21.80
Starbucks two-way tradeSBUX has previously shown many trading patterns such as head and shoulders and flags. Currently, the stock is in an upward flag, but also on the middle of two Fibonacci levels. The blue line represents short-term resistance if the stock breaks that I believe it will stay in this Fibonacci level with enough time to hold until the next resistance line. This upward pressure is also backed by the RSI breaking out of a flap pattern and going bullish. However, if the stock breaks the flap pattern downwards then it may be stronger as the Coppock curve has also reached its resistance, so hence I put a short order in until the next support line. Also, the 50 SMA could potentially act as upper resistance, hence why I have cut my take-profit lower.
$V Nice bounce off the sma50Bought $V when it was close to the SMA50 support, nice bounce this week.
$VMW Holding support$VMW The sma50 acting as dynamic support. Low volume (0.49x) bounce today. Good growth numbers. Looks like a good entry area with a stop on close below the sma50. Earnings on 8/30 amc.
$CARB Looking good$CARB offering a good r/r using the sma50 as support, stop could be 2.5 ATR(14) on close.
Good BTC Rally, But Still Ways To Go!As you can see, BTC seems to have found a bottom and is working it's way upward.
Having already breached the SMA 25 (4H) chart, it is hovering over the SMA 50. This, is still short (by around $700) of a cross of the SMA 200. This barrier has been a tough one for BTC to break but, if broken soon, could lead to a lot of optimism in the space.
Until the SMA 50 is broken is a serious manner, I will still remain hesitant. There are many traders on this site who have some incredible technical tools and use this to their advantage, I prefer to keep everything much more simple.
-- Legend --
SMA 25 - Purple
SMA 50 - Blue
SMA 200 Red
Do you think this a good buying point?Hi,
I just thought to quickly look at the chart and see when I can buy in again...
Do you agree with me or would suggest something different?
Thanks for looking at the chart!
Have a nice day!
Pat :)
Downtrend for TRX - waiting for crossoversEverything confirms and shows a downtrend, but looking at the trendlines and centre line for the RSI indicator. It seems that we can perhaps hope for a reversal soon
IF
1.Candle stick crosses the grey dotted line and we see higher highs.
2.OBV line crosses grey dotted line and we see an increase
3.RSI crosses centre line (50) for a bullish momentum.
Do you agree with me? If not, please let me know how you would analyse it.
Thanks!
Reversal? Low Volume & Downtrend BUT ADX rising(-DI above +DI)..I would feel more confident if the ADX (black line) is above 20 but in a falling state. In this case it looks as if it increasing...
My interpretation of Volume and Price:
Volume Share Price Interpretation
Decline Uptrend Bearish
Decline Downtrend Bullish
Increase Uptrend Bullish
Increase Downtred Bearish
What are your thoughts on GLBS ? How do you translate volume and price increase/decrease?
If you have recommendations or tips - please, let me know below at the comment section.
/Pat
USDHUF: bearishSell USDHUF. Touching resistance as well as SMA50. In addition, doji formed yesterday.
Stock market at resistancesStock market is fighting with SMA50 and the monthly S1 today. We will see how the price closes at the end of US session.
ETHUSD heading long to 100 smaWatch the RSI with #9 setting to rise above 70 line to show that there is bullish momentum to carry price up to the 100 sma. MACD is over=extended long so price may only make it halfway through this space and fall back to the 50 sma. Then price will continue through the space up to the 100 sma. I entered the trade on the candle that closed above the 50 sma. My TP will be the 100 sma.
