Long - COSMOS ATOM MACD Divergence on WEEKLY Timeline We had a bullish divergence in the weekly time frame on the MACD indicator. Last time this happened we had a 300% bullish run.
Following the current trend-line, ATOM might be able to break through the short and long-term resistance levels.
I personally think ATOM - COSMOS is a good project in the crypto scene and one that is currently undervalued. I would put the future worth of cosmos - atom somewhere in the thousands near the early days of bitcoin ($2500+).
I don't know if this will play out but I do love the idea and thought it was interesting. Please feel too judge this analysis yourselves and let me know what you think in the comment section below.
Macdivergence
CHZ!What now ? Bulls or Bears? $CHZ \\ Probably 100%+ increse ?Hi everyone,
According to my daily candlestick charts,
#Falling Wedge
it seems that we are currently inside a Falling Wedge since 2021 March 15th, and according to the rules, we already hit the top 3 times, and now we have to head to the bottom to reach 3rd time, and after that we burst.
#ICHIMOKU CLOUD
We can clearly observe that we are inside the RED ichimoku cloud, so it is possible to fluctuate between the top and bottom line of the ichimoku cloud. It is also evident that as far as we can see, the ichimoku cloud will get very thin, and then will probably switch to green color and if we can go above the ichomoku cloud, hell baby, we are on! :)
#STOCH RSI
Both lines in the Stoch RSI have gone below 80 points, that signs us the price will decrease, we will see..
#MACD
Since December 4th, we havent go above the negative value, since March 22th, since I am bullish, I do not think that we will go to - area soon.
#Conclusion:
The price will probably decrease in the following days maybe even get halfened, but afterwards we should go to the moon.
+Info: PLEASE CHECK THE WEEKLY CANDLES. WE ARE VERY BULLSIH, BUT A HAMMER CANDLE HAVE JUST FORMED, WHICH COULD HAVE A VERY BAD CONSEQUENCE.
Please, please, share your idea and like mine :)
Best wishes,
Athomasso
HOME DEPOT LONGHonestly Home Depot is at a pretty stable support level( at 300) that it hasn't broken over the last year... That's not to say that it wont break under. I think That HD will go back up to the 330-340 range within in the next couple of weeks.
MACD is in a downtrend momentum but that can all change the market had some pull back the last couple of days after a crazy rally.
I think buy early May we should see some positive MACD. Which I think will take Home depot back to the 400 a share range.
RSI has it oversold and its been like that for the last 2 months. Hopefully with the market stabling and things coming to a close in Ukraine we will see home depot go on a little bull run.
Gold possible moves this weekPossible moves of Gold in this week
i mentioned in the chart,
if we look technically macd is giving divergence,
after a huge fall, market may go for retesting the supply zone,
near targets i mentioned in the chart,
if you like my analysis, Kinly follow me. comment.
i need to know you openions.
if you are in profit, using my analysis as advice, than kindly feedback.
Ethereum - signs of bull Market worth a shot if used stop loss correctly
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BTC Weekly Timeframe Analysis Chart
- BTC on the weekly timeframe. Weekly is not the strongest macro timeframe. Sometimes proves false signals.
Dragonfly / Gravestone Doji
- Highlighted in the green are the dragon fly doji's (recent signal doesn't close until Sunday)
- Highlighted in the red are the gravestone doji's
- Arguably the strongest significant Japanese Candle Stick for trend reversals.
Link: www.fxdayjob.com
RSI:
- Decreasing RSI + Increase in Price = Hidden Bullish Divergence
- Increasing RSI + Decrease in Price = Hidden Bearish Divergence
- Note that in summer of 2021 we had the same confluence in the chart.
MacD:
- Classic bullish divergence on the weekly.
- Note that bigger timeframes (Monthly, 2 week) are bearish.
Moving Averages:
- 50 Day $47,000
- 200 Day $20,000
Analysis:
- This is a high-risk trade b/c of current events.
- Fed is set to have a meeting regarding equities in March. (Likely to be very negative)
- I predict a further continuation rally here. May not bring us to ATH but, a recovery rally.
- Most importantly, do your own research. Strive to be a better trader every day.
Short MELI CMP $1085.36Short MELI CMP $1085.36. This one is clear downtrend. Appears to be double bottom pattern but price will continue to fall to $900 area as per analysis. Trading below all major moving averages. No signs of buyer stepping in. MACD turned negative recently. Short target of $900 area coming soon which is also 200 SMA level on weekly chart.
LTHM Falling Wedge Breakout to $30!Hey Traders,'
As you can see on the 1D chart of LTHM, we have experienced lower lows and higher lows, symptoms of a falling wedge. The target out of this falling wedge would be $30-31. However, I would keep a close eye on the golden pocket level and potentially start taking profits at $28. The weekly MACD is also showing signs of reversal to the green area. We additionally have a Bullish Divergence to top this off, the price is descending while the momentum oscillator (RSI) is ascending! In the very rare case we breakdown the target would be $13-15.
Safe trading,
-Pulkanator
API3 Will Break Any Day Now!Hello traders,
As you can see on the daily chart of API3, the price performance has been in a downtrend recently however the Momentum Oscillator (RSI) is showing a bullish divergence by presenting us with lower lows! The weekly MACD is also revealing a possible divergence to the green, I see a very low likely hood of it continuing to be red mainly due to the fact MACD's come in swings of 3, which we have already experienced.
Safe trading,
-Pulkanator
Bearish Pennant forming on Shiba, time to enter a short!Hey Traders,
As you can see on the 4HR Chart of SHIBUSDT, the price action has formed a nice symmetrical triangle/ bearish pennant. I strongly believe that this will break down to the downside mainly because of the MACD. In the rare case Shiba breaks out the price target is 0.000027 (+27%). My price target however for the breakdown is 0.000017 (-18%). Anyways, this coin is shit also because I have to memorize how many zeros there are.
Safe trading,
-Pulkanator
Short $NIO $29.30Short $NIO $29.30. Falling channel. Downtrend will continue in my opinion. Price was rejected at 200 SMA early December 2021. Made lower lows since then. Recently Tried to break above $34 area but failed to maintain the momentum. Soon will test $27 area for support. Any further sell off in this name, going to push the price down my short target of $22 area.
SAND, PREDICTED CORRECTION !
Look at the Bitcoin please:
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Due to the resistance that the both bitcoin & sand have, my prediction may come true...
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*Futures setup*
-Safer entry point (for short): after breaking the bullish trend.
-Target: (3.46) - (3.27) - (2.92) - (2.86)
-Stop limit: 4H candle confirmation over the highlighted red resistance.
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*Note: Trading in the current situation, carries a high range of risk!
Take care >_-
GBPCHF WAITING FOR DOWNTREND CONFIRMATION✅Price has bounced off 61.8 retracement level and ascending trendline. RSI & MACD bearish divergence suggests a bearish move towards the highlighted support.
Breaking the support and holding below it will shift the trend to bearish and the price could rally down to break the ascending lower trendline.
A break above the resistance will resume the uptrend towards 1.260 initially.
An introduction to the MACD indicatorHere is my quick and dirty introduction/explanation of what the Moving Average Convergence Divergence (MACD) indicator………… indicates.
The Moving Average Convergence Divergence (MACD) is a trend following momentum indicator that follows the intimate relationship between a 12-Period EMA and a 26-Period EMA on a price chart in whatever timeframe you are in.
The MACD indicator is made up of 6 parts, the MACD Line, the Signal Line, the Histogram, the 0.00 Base Line, the Positive Zone and the Negative Zone.
As default, the MACD Line is calculated by subtracting the value of a 26-Period EMA from the value of a 12-Period EMA on your chart to give you your MACD Line value. The MACD indicator will give a MACD Line value in whatever timeframe you are in.
The Signal Line is a 9-Period EMA of the MACD Line and is used with the MACD Line to generate/trigger Buy and Sell Signals. If the MACD Line crosses ABOVE the Signal Line, that is considered a Buy Signal. If the MACD Line crosses BELOW the Signal Line, that is considered a Sell Signal. Note that Buy and Sell Signals can be generated in both the Positive and Negative Zones
The Histogram is a graphical representation of the distance between the MACD Line and the Signal Line (9-Period EMA).
Green Histograms will appear above the 0.00 Base Line when the MACD Line crosses ABOVE the Signal Line. The Green Histograms will Increase in size the further the MACD Line moves upwards & away from its Signal Line. The Green Histogram will also lighten in colour if the MACD Line fails to move higher to create a higher Green Histogram Bar.
Red Histograms will appear below the 0.00 Base Line when the MACD Line crosses below the Signal Line. The Red Histograms will increase in size the further the MACD Line moves downwards & away from its Signal Line. The Red Histogram will also lighten in colour if the MACD Line fails to move lower to create a lower Red Histogram Bar.
The Positive Zone is the area ABOVE the 0.00 Base Line. If the MACD Line crosses above the 0.00 Base Line, this means that a 12-Period EMA is ABOVE a 26-Period EMA on your price chart in whatever timeframe you are in. So to reiterate, the MACD Line will be ABOVE the 0.00 Base Line when a 12-Period EMA is ABOVE a 26-Period EMA on your price chart.
The Negative Zone is the area BELOW the 0.00 Base Line. If the MACD Line crosses below the 0.00 Base Line, this means that a 12-Period EMA is BELOW a 26-Period EMA on your price chart in whatever timeframe you are in. So to reiterate, the MACD Line will be BELOW the 0.00 Base Line when a 12-Period EMA is BELOW a 26-Period EMA on your price chart.
Note that the MACD indicator has no upper limit in the Positive Zone and no lower limit in the Negative Zone.
The MACD indicator can also be used to show Divergence between the Price and the MACD Line. In a Bullish scenario, if the Price is making Lower Lows and the MACD Line is making Higher Lows then this is potentially Bullish.
For a Bearish scenario, if the Price is making Higher Highs and the MACD Line is making Lower Highs then this is potentially Bearish.
The MACD indicator can also be used to show Hidden Divergence between the Price and the Histogram. In a Bullish scenario, if the Price is making Higher Lows but the Histogram is making Lower Lows then this is potentially Bullish. For a Bearish scenario, if the Price is making Lower Highs but the Histogram is making Higher Highs then this is potentially Bearish.
The MACD can sometimes produce false positive as can be seen here where we have Bullish Divergence with the Price Converging with the MACD Line but no real breakout happened.
Note that the MACD Line and Signal Line will be in line with the current Candle Wick in whatever timeframe you are in.
The MACD indicator is a lagging indicator but it also has the power to be predictive especially with potential upcoming Buy and Sell signals, divergence and when used with other indicators like Volume, the Ichimoku Cloud, Bollinger Bands, MAs or EMAs, RSI, ADX DI to name but a few as these can help complement the MACD signals to help get a much clearer picture as to what is going on and what may happen on your chart in whatever timeframe you are in, because there is a lot of BS, FUD, FOMO and utter crap out there so a little clarity is always helpful ;-)
For me the MACD is a very useful indicator with my trading, so I hope you have found this quick and dirty MACD educational post helpful. Happy trading.
Notes:
MACD Line = 26-Period EMA Value - 12-Period EMA Value = MACD Line Value
Signal Line = 9-Period EMA of the MACD Line. Used with the MACD Line to trigger Buy and Sell Signals
Histogram = Distance between the MACD Line and the Signal Line
0.00 Base Line = Crossover point to the Positive Zone and/or Negative Zone
Positive Zone = a 12-Period EMA is ABOVE a 26-Period EMA on your price chart
Negative Zone = a 12-Period EMA is BELOW a 26-Period EMA on your price chart
EMA = Exponential Moving Average.
Short ROKU CMP $180.41Short ROKU CMP $180.41. Price continue to fall for $ROKU. After my recent short target $205 area achieved, I think stock has more room to go down and is heading towards $160 area where it started it's major run. MACD turned negative and it's trading below all the major moving averages. Short target of $160 area in coming days. Various support and resistance are marked in cyan color lines. Setup is invalid if it trades above 20 SMA price level.
BTCUSDT long position in 4h time frameObviously we are in a trading range right now and the price is a little above the support line. However, the sellers are still very active and the supply is overpowering the demand but if the sides change it's safe to say we can open a long position. Also, we see positive divergence in 4h and 1h time frames on MACD and RSI indicators, yet opening any long positions still have highly risky due to lower market cap. looking forward to hear your opinions.
Bitcoin DivergenceHello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
BTCUSDT :
bitcoin was printing a descending wedge and meanwhile, a divergence between the price and MACD was seen.
the price reacted to the very important support zone and then, braked the descending wedge pattern.
A short term rising trend is possible.
I determine the SL and TP for a good R/R ratio.
please remember any analysis can be failed. so, manage your risk and respect your stop loss.
How to spot and use MACD DivergencesOscillators
Oscillators are any bits of information or data moving back and forth between two points. It is usually used as a signal for a buy or a sell on either side of the range it is moving in. The Relative Strength index which you might hear of is an example of an oscillator, however I will not be going into detail about it as we do not personally do not use it for my trading. When there is a change in momentum, this often signals weakness in a trend. The indicators are designed to signal a possible trend reversal.
The only oscillator we use in our trading is the MACD. Moving Average Convergence Divergence. Feel free to look into other indicators, however, we believe that the MACD has been our favourite to use.
DIVERGENCE
Divergence is simply when we will be looking at the difference in price action against an indicator such as MACD, RSI, Stochastic.
The simplest way to put it, when the price is making higher highs the indicator should also be making higher highs, and lower lows then vice versa. If the price is making higher highs but the indicator is not, then the two are diverting from each other and we have divergence. This is a great sign for a weakening trend and a potential shift in momentum.
The two types include regular and hidden.
Regular divergence
When the price is making lower lows (LL), and the oscillator is making higher lows (HL), then we have what we call regular bullish divergence which usually appears at the end of a downtrend.
If the price makes a higher high (HH) but the oscillator makes a lower high (LH), then we have regular bearish divergence. This usually occurs at the end of an uptrend.
Hidden Divergence
Divergence does not necessarily have to show when the trend will reverse, it can show trend continuation, and since we try to avoid trading against the trend this can be of great help.
When the price makes a higher high, but the oscillator makes a lower low, we have what we call hidden bullish divergence.
When the price goes to make a lower high but the oscillator makes a higher high, this is what we call hidden bearish divergence.
Always remember that in conjunction with these signals, we need other signs in order for us to enter the trade. We cannot solely base our analysis on oscillator divergence, otherwise we can find ourselves on the wrong side of the trade.
Wait for the crossovers of the indicators to be sure, this can happen after the price has begun to move, however it can be an assurance that the divergence observed is correct.
Always remember if the market is moving sideways, there are no clear indications of divergence so do not force it. Always connect the latest in the price action, meaning if the price is bullish and is retracing, you are looking at higher highs. Focus on the highs and lows of the indicators and ignore any small minor movements in between. Wherever lines are drawn on the price, they have to line up with the oscillator and that is where the line will also have to be drawn, everything has to line up.
NFLX Ending Week Above $600Based on these technical indicators, I see Netflix ending the week above $600 per share. MACD shows growing bullish divergence while D+ also shows growing bullish divergence as indicated by the green shadow. The green outline means that is below 40 RSI. Guth 3x Confirm also indicates a buy signal. It has been a volatile market but I personally believe it is a good time to increase your position ahead of earnings. As an options swing trader I plan on buying OTM calls that will expire this week.