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Moving Averages

Bitcoin prints life crossSharing an observation brought to my attention from a follower, a life cross or golden cross print has confirmed on the daily chart of Bitcoin price action. First a definition, a life cross is: 1) The 50 day SMA (blue line) crosses up the 200 day SMA (red line). AND 2) Price action is above the 200 day SMA. Currently both conditions are true. The last print, October 2023 saw price action rally 160% after the confirmed Life Cross. Should we expect the same this time? Not immediately on looking left (charts below). Previous life crosses on confirmation (as is now) were met with a nasty correction in price action before the rally continued. See below. February 2023, 15% correction September 2021, 16% correction May 2020, 13% correction April 2019, 13% correction Should we except the same with the October 2024 life cross? As it turns out there’s a little trick you can do that tells you the answer. I’ll save that reveal for somewhere else! Ww
INDEX:BTCUSD
by without_worries
22
Can Solana Maintain Its Surging Momentum as US Election Sparks E Solana (SOL), the high-performance blockchain, has surged 17% in the past 24 hours, overtaking BNB Chain in market capitalization. This significant price jump comes as the potential for a more crypto-friendly US administration under a new presidency has ignited hopes for the approval of Bitcoin and Ethereum ETFs in the US. The ETF Effect The approval of crypto ETFs, particularly those tracking Bitcoin and Ethereum, is seen as a major catalyst for the broader cryptocurrency market. By providing a regulated and accessible investment vehicle for traditional investors, ETFs can significantly increase the flow of capital into the crypto space. Solana, as a leading blockchain platform, could indirectly benefit from the increased adoption of cryptocurrencies. A surge in demand for Bitcoin and Ethereum could lead to increased network congestion and higher transaction fees on these chains. As a result, investors may seek alternative, more scalable solutions, such as Solana. Solana's Unique Value Proposition Solana's high-performance blockchain and its ability to process a large number of transactions per second have made it a popular choice for decentralized applications (dApps) and smart contracts. The platform's unique Proof-of-History consensus mechanism ensures fast and efficient transaction processing. Furthermore, Solana's strong developer community and ecosystem have contributed to its growth. A growing number of dApps and projects are being built on the Solana network, attracting new users and investors. Market Sentiment and Technical Analysis The recent price surge in Solana can be attributed to a combination of factors, including: • Improved Market Sentiment: The overall positive sentiment in the cryptocurrency market, fueled by the potential for a more crypto-friendly US administration, has benefited Solana. • Technical Analysis: A bullish crossover of the 50-day and 200-day moving averages has further strengthened the bullish outlook for SOL. • Increased Institutional Interest: As institutional investors increasingly explore the crypto market, Solana's strong fundamentals and potential for growth have made it an attractive investment option. Potential Challenges and Risks While Solana's future looks promising, it's important to acknowledge the challenges and risks associated with investing in cryptocurrencies. Regulatory uncertainty, market volatility, and the potential for hacking attacks are some of the factors that could impact Solana's price. Conclusion Solana's recent surge highlights the potential impact of a more crypto-friendly US administration on the broader cryptocurrency market. As the regulatory landscape evolves and institutional adoption continues to grow, Solana's unique value proposition and strong developer community position it well for future growth. However, investors should exercise caution and conduct thorough research before investing in Solana or any other cryptocurrency.
CRYPTOCAP:SOLLong
by bryandowningqln
1
Is Shiba Inu Poised for a Bull Run Amidst Meme Coin Craze?Is Shiba Inu Poised for a Bull Run Amidst Meme Coin Craze? Shiba Inu (SHIB), the popular meme coin, maintained its steady price trajectory on Wednesday as the broader cryptocurrency market experienced a rebound. While most meme coins, including Dogecoin (DOGE), bounced back from recent declines, SHIB held its ground, hinting at a potential bullish trend. Golden Cross on the Horizon One of the most intriguing developments for SHIB investors is the looming golden cross pattern. This technical analysis indicator occurs when a short-term moving average (MA) crosses above a long-term MA, signaling a potential bullish trend reversal. In the case of SHIB, the 50-day MA is approaching a crossover with the 200-day MA, which could ignite a significant price surge. Why SHIB Might Soar Higher Several factors could contribute to a potential rally in SHIB's price: 1. Increased Burn Rate: A recent surge in the SHIB burn rate, which involves permanently removing tokens from circulation, has boosted investor sentiment. As the supply of SHIB decreases, its potential value could increase. 2. Community-Driven Initiatives: The strong and active Shiba Inu community continues to drive innovation and support the project. Community-led initiatives, such as SHIB: The Metaverse, can attract new investors and fuel price growth. 3. Market-Wide Bullish Sentiment: A broader cryptocurrency market rally, fueled by positive news and regulatory developments, could benefit SHIB and other meme coins. 4. Analyst Predictions and Potential Upside Cryptocurrency analysts are increasingly bullish on SHIB's future. Some experts predict a 10-fold surge to its yearly peak, while others anticipate a massive bullish wave following recent price gains. These optimistic forecasts highlight the potential upside for SHIB investors. Cautious Optimism While the technical indicators and analyst predictions are promising, it's essential to approach investing in SHIB with caution. The cryptocurrency market is highly volatile, and meme coins are particularly susceptible to sudden price swings. Investors should conduct thorough research and consider their risk tolerance before making any investment decisions. Conclusion Shiba Inu's steady price action amidst a broader market recovery and the impending golden cross pattern suggest a potential bullish future. Increased burn rates, community-driven initiatives, and a positive market sentiment could further propel SHIB's price. However, investors should exercise prudence and diversify their portfolios to mitigate risks.
by bryandowningqln
1
Can Anything Stop Corning?Fiber-optic stock Corning has accelerated since the spring thanks to AI demand. Some trend followers may see an opportunity in its latest pullback. The first pattern on today’s chart is the series of higher lows since August. The 8-day exponential moving average (EMA) has remained above the 21-day EMA for most of that time, which may confirm its uptrend. Second is the bullish price gap on October 29 after results beat estimates. That pushed GLW to its highest level since the dotcom bubble. Third, the stock has pulled back to test its previous close. It’s also near the $46.50 price zone where GLW consolidated last month. Has old resistance become new support? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:GLW
by TradeStation
Is Solana the Next Big Crypto to Watch Out For? Solana's Resurgence: A Potential Bounce Solana (SOL), the high-performance blockchain platform, has been making headlines as it exceeds a crucial demand level of approximately $157. This level has acted as a strong support zone, withstanding recent market volatility. As the cryptocurrency market braces for the upcoming U.S. election and the Federal Reserve's interest rate decision, Solana's potential recovery has captured the attention of investors and traders alike. A Strong Foundation at $157 The $157 level has proven to be Solana's significant psychological and technical support level. It represents a critical juncture where buying pressure has consistently outweighed selling pressure, preventing a deeper decline. This resilience underscores the underlying strength of the Solana network and its community. Technical Analysis: Signs of a Bullish Reversal A closer look at Solana's technical indicators reveals several promising signs of a potential bullish reversal: • Relative Strength Index (RSI): The RSI, a momentum oscillator, has dipped below the oversold level, indicating that the selling pressure has waned. A rebound in the RSI could signal a shift in market sentiment and a potential upward trend. • Moving Averages: The 50-day and 200-day moving averages have crossed below the price, a bearish signal known as a death cross. However, if the price manages to break above these moving averages, it could trigger a bullish crossover, potentially leading to a significant price increase. • Volume: Increased trading volume often accompanies significant price movements. A surge in volume during a potential breakout above the $157 level could confirm the bullish momentum and attract more buyers to the market. The Impact of Macroeconomic Factors The upcoming U.S. election and the Federal Reserve's interest rate decision are two major events that could significantly impact the cryptocurrency market, including Solana. A highly contested election or a hawkish stance by the Fed could lead to increased market volatility and potential downside risks for cryptocurrencies. However, if the election results are clear-cut and the Fed adopts a more dovish tone, it could create a favorable environment for risk assets like cryptocurrencies. A potential rate cut or a pause in rate hikes could boost investor sentiment and drive demand for Solana and other cryptocurrencies. The Future of Solana Solana's ability to maintain its position above the $157 level and potentially break out to higher levels will depend on several factors, including: • Network Performance: Solana's network performance, including transaction speed and fees, will continue to be crucial for attracting developers and users. • Ecosystem Growth: The growth of Solana's ecosystem, including decentralized applications (dApps) and decentralized finance (DeFi) protocols, will drive demand for SOL tokens. • Institutional Adoption: Increased institutional adoption of Solana could provide significant price support and drive long-term growth. • Market Sentiment: Overall market sentiment towards cryptocurrencies will also play a role in Solana's price movement. In conclusion, Solana's position above the $157 support level is a positive sign, and a potential bullish reversal could be on the horizon. However, investors and traders should remain cautious and monitor the impact of macroeconomic factors on the cryptocurrency market. As the U.S. election and the Fed's interest rate decision approach, heightened volatility is expected, and it's essential to have a well-defined trading strategy in place.
COINBASE:SOLUSDLong
by bryandowningqln
1
CF Industries Shows Signs of BottomingCF Industries has moved sideway for almost two years, but some traders may think the fertilizer stock is bottoming. The first pattern on today’s chart is the rally between September 11 and October 4. That move established a new 52-week high. It was followed by a pullback to the September 20 weekly close of $81.61, where CF bounced. Second, a falling trendline along the highs of March and August was broken. That old resistance apparently became new support last week. Next, the 50-day simple moving average (SMA) recently had a “golden cross” above the 200-day SMA. That may suggest its longer-term trend has turned bullish. Finally, prices jumped after the last two quarterly reports. Those moves could reflect improving sentiment. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:CF
by TradeStation
$SPY November 5, 2024AMEX:SPY November 5, 2024 15 Minutes. For the extension from 539 to 575 to 565 AMEX:SPY made 61.8% of the move at 586 levels. For the fall 583.32 to 568.44 it retraced 50% to 575.5 levels. Now we have a sideways in box range between 575 to 567. Bias id down as AMEX:SPY below all moving averages. The positive side we have is for the lows 568.44 and 567.86 in 15 minutes we have oscillator divergence. Therefore, if I take the rise 539.95 to 586.12, I expect first target to be 563 being 50% of retracement for the move. Bias is towards short side.
AMEX:SPYShort
by RiderTrader
17
Hang Seng Short: Resistance at 20SMAFollowing my warning about Hang Seng on 2nd Oct regarding Hang Seng reaching an important price point, I have yet to publish another idea about this index. One of the reasons is to let the dust settles, the other is to observe what is happening in the US markets. Now, I am convinced that the US market will be going down and it will pull global equities with it. Hang Seng is no exception. Technically speaking, I like to observe the 20 SMA. Hang Seng seems to be rejected at this SMA and thus I would say that any short will have a stop loss above the 20 SMA.
OANDA:CN50USDShort
by yuchaosng
1
NZD/CHF: PAT + VPA 11/03/2024Good morning, On this date, March 11, 2024, I will be conducting an analysis of the NZD/CHF currency pair. Daily (1D): The daily timeframe has exhibited a bearish trend, initiating a downward movement from May 28, 2024, to August 5, 2024. During this period, the price encountered support at 0.494, subsequently rallying to 0.536. It is important to highlight that 0.536 represents the last swing low that was breached on the weekly chart. The price faced significant resistance at approximately 0.536 and subsequently tested the daily swing low at 0.519. Following this, the price entered a consolidation phase between 0.519 and 0.526, which persisted for 16 days before breaking below the daily swing low of 0.519. The weekly and monthly moving averages (7EMA & 21EMA on the daily timeframe) indicate a sustained bearish trend. Presently, the support level is situated at 0.494. I anticipate that the price will trend towards 0.494 in the coming weeks. I will be actively seeking trading opportunities targeting 0.494. ThePipAssassin
by ThePipAssassin
3
Where to next with XAUUSD (GOLD) ?FX:XAUUSD Monthly So the big question is where is GOLD going next?! As shown on the Monthly chart GOLD has been extremely bullish throughout 2023/2024. My outlooks is mixed with current PA but mostly LONG GOLD, I can't see any real reason to short XAUUSD especially looking at this Monthly chart as we have dynamic support from the EMA's, strong bullish candles and consistent Higher highs however thorough analysis of the lower time frames is needed before any conclusions are met. Weekly Looking at the Weekly chart and candle close I would expect price to potentially pull back the slightest into structure to continue with its lovely trend of higher lows and higher highs. as demonstrated with arrow. I see this only happening with a breach & close below last weeks support at 2,708.62 along with LH and LL off structure (AOI) which will be shown on other charts. Daily Daily charts begin to decipher potential next moves as we have massive bearish engulfing nearly taking out the 2 before it. As shown Fridays price closed at an AOI which was a very significant level in the past weeks holding as strong resistance then support which took price much higher but as we can see the daily candle spiked through this level but did not close along with 10 EMA close dynamic support however the last daily candle especially closing below this AOI tells me we could definitely take the move lower if there is a bearish 4hr close somewhere around market open. If price goes bearish and breaks both structure levels AOI then I see a deeper retracement into previous structure highs as shown below 4hr + Entry 4hr makes things clearer as explained before I wouldn't be making any moves until either a few 4hr closes at the beginning of market open or a daily close bullish or bearish, this is because we have EMA crossover to the downside and 50 EMA resistance but these can all be breached to the upside based on how gold has been moving and a close above 2,741.50 (4hr or daily) as shown with arrow heading to the upside. the other option is price continues short term bearish based on ema confluence and PA along with structure resistance as shown after bullish pullback which failed and was engulfed. looking to the left price has already gone short from this AOI and if it does but doesn't reverse from the lower grey box AOI it will fall into Previous Structure highs as outlined. Possible entries I favour these in order. ;)
FX:XAUUSD
by MarlyForex1
Drop after Election Pump with FOMCMy trading idea for next week is as follows. I will be watching the price action very closely on Monday, the day before the election. This will prepare the price for the volatility of the election. I expect the price to move to the EMA50 on the 1D time frame next week. That would be around $64k. Then there is the FOMC meeting on Thursday, which could lead to a significant rise in the price. Next week is very important. The use of leverage should be taken carefully.
COINBASE:BTCUSDShort
by reports20netrust