Get started

ADX

S&P 500: Headed lower?Since this "miracle" rally began after Christmas, many investors have wondered when shorting seems like an option. In my opinion that time has pretty much arrived. Of course during this rally there were some small short opportunities but then again trading against the trend can be tricky and costly aka "The trend is your friend". On the other hand we have of course the full saying "The trend is your friend until the end when it bends". In my opinion that bending has pretty much started. As seen in the chart after the new ATH it started a decent, making the DMI's cross and tipping the SAR in "reverse". Now the SAR isnt always perfect so generally I wait a few days for confirmation just like the ADX/DMI because technically the ADX needs to be above 20 to be "trending". After a few days it dipped below the Wilder's MA and staying below that even after a short "bull" move. In the same period the DMI- showed that negative pressure still had the high ground even after a couple green candles. Now that the ADX line reset itself I think we can see the start of a new trend more clearly. First of all a break through the 2800-2820 zone would be best since that this area has some history of being a "sup/res" point. After that is completed I expect it to drop about a 100 points tot the 2700-2720 area. That would be more a psychological barrier but has some ground as support. Finish that I think a target at 2600 would be reasonable. Any questions or comments feel free to do so. Please keep it civil! Other than that I wish you Happy Trading. Disclaimer: Use this analyses however you want, but don't come knocking on my door for your losses. Trading this would be your own risk and I'm not obligated to take responsibility for that.
TVC:SPXShort
by HungrywolfNL
ADEX BTC ADXLooking at ADX on the daily chart *Willy stupidly over sold and making a nice bullish divergence * Histogram making lower highs and confirming a bullish divergence * OBV strong and healthy, people are accumulating * Currently bottom of value low and could see a run up to the POC where the .382 fib lines up * Target is around the 3300 sat mark * Would love to see the bulls step in and create this bottom here. * ADX has made a 618 retrace on a smaller time frame for a lower high (Double bottom) * STOP LOSS will be a touch under the red line * Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
Long
by Cryptonite_trader
1
ENJBTCLooking at ENJ on the daily chart * Hitting location on the .618 fib * Nice double bottom * OBV showing a bullish div * Histogram showing a bullish div * Willy showing a bullish div * Low volume, so I would like to see the bulls step up and take control * Still a big notch in VPVR that needs filling in at some stage. I've all this is a very bullish chart and I like what I see * Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
Long
by Cryptonite_trader
1
HKEX:1571 potential profit 21%HKEX:1571 is going to break through a strong resistance level at 3.07, which will also formed a double bottom. As it can stand on the high volume close price with a hammer candle pattern. MACD will also help for this break through as both fast and slow line are above 0. The first target will be the target of the double bottom and also the top of the last downward wave. ADX is also have a positive indication of ADX > 20 and +DI > -DI Cut loss @2.78 Target @3.69 Buy in current price
HKEX:1571Long
by Smith_by_VPPBSS
IOTA-BTC* Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :) If you like catching knife IOTA is the coin for you :P *Willy is stupidly over sold * Bullish divergence in histogram * OBV does not look healthy at all * Low volume, would love to see bulls step in here * Price eating that big tail with is the last line of support * Price is below value on VPVR If you're looking to take a stab at this ill be setting a very tight stop loss 5% below the purple line. Trade with caution.
Long
by Cryptonite_trader
NEO Looking at NEO on the daily chart Holding the trend line nicely and a potential ascending triangle pattern could play out Daily golden cross so very close Holding the .382 fib well We still have convergence in histogram Willy not yet stupid RSI is neither oversold or overbought Notch in vpvr around 213500 sats which would line up with the 50% fib Low volume, would like to someone drive the bus OBV still healthy If we break the trend line ill be looking to buy between the 618 and 786 fib, so this is a wait and watch for me, cooling my jets. * Don't forget to hit that like button and follow me on Trading View and Twitter for more chart analysis :)
by Cryptonite_trader
1