Technicalindicators
XRPUSD(4Hr) : XRP going back to its original gloryMarket in the last 24hrs
The price can be seen oscillating between the middle and the upper Bollinger band. The price can be seen accepting the middle Bollinger band as a support line. Trading volume has been high in the last 24 hours.
Today’s Trend analysis
The price is expected to oscillate between the middle and the upper Bollinger band if there are no fluctuations in trading volume and it remains high throughout the day.
Price volatility was extremely low at approximately 1.69%, with the day's range between $1.10 — $1.16.
Price at the time of publishing: $1.14
XRP’s market cap: $53.73 Billion
However, the Indicator summary is giving a 'STRONG BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 8 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
$PLTR #PLTR Momo turning upPalantir nice MACD curl and curling off the trendline support.
Can trade the ascending triangle or wait for a breakout as an idea. Good consolidation period I think the next move will be explosive... my bias is to the upside.
DOGEUSD(4Hr) : DOGE still far from moonMarket in the last 24hrs
The price can be seen oscillating between the middle and the lower Bollinger band. The recent tick has a high above the middle Bollinger band. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
Since the high of the recent tick is above the middle Bollinger band it can be an indication that the price has rejected the middle Bollinger brand as a resistance line. Thus the price is expected to move in a bullish momentum till it reaches the upper band after which it is expected to move sideways and oscillate between the upper and the middle band.
Price volatility was low at approximately 1.66%, with the day's range between $0.221 — $0.232.
Price at the time of publishing: $0.229
DOGE’s market cap: $30.2 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on DOGEUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 8 are giving SELL signal, 1 is giving neutral and 6 are giving a BUY signal.
Trading volume has been very high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
ETHUSD(4Hr) : ETH looking to favor the bullsMarket in the last 24 hours
Price can be seen moving sideways and oscillate between the middle and the lower Bollinger band. Trading volume has been high in the last 24 hours.
Next 24 hours Trend analysis
The price can be seen moving above the middle Bollinger band suggesting the price has rejected it as a resistance line thus a bullish momentum is more likely until the price reaches the upper Bollinger band after which consolidated momentum is expected.
The price change was low at approximately 0.5%, with the day's range between $3418 — $3533.
Price at the time of publishing: $3519
ETH’s market cap: $415 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 2 are giving SELL signal, 1 is giving neutral and 12 are giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
XRPUSD(4HR) : Ripple stabilizes at 1$Market in the last 24hrs
The price can be seen moving from the middle to the lower Bollinger band suggesting that the price has rejected the middle band as a support line. Trading volume has been moderate in the last 24 hours.
Today’s Trend analysis
The price is expected to move in a consolidated manner with a slight indication of bullish momentum. The price is expected to oscillate between the middle and the lower Bollinger band.
Price volatility was extremely low at approximately 3.22%, with the day's range between $1.07 — $1.14.
Price at the time of publishing: $1.10
XRP’s market cap: $51.58 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
Education Excerpt: SMA, LWMA, GMA, TMA, EMAWe decided to publish second part of the paper on moving averages. The first part detailed Simple Moving Average. In the second part we decided to present: linearly weighted moving average (LWMA), geometric moving average (GMA), triangular moving average (TMA) and exponentially smoothed moving average (EMA).
The first part can be read by clicking on chart below:
Possible uses of the moving average
• Identification of trends
• Identification of price extremes
• Identification of support and resistance levels
• Identification of signals
Identification of trend
The moving average can be used as simple tool to determine prevailing trend. Simplest way to determine current trend using moving average is to compare current value of security to current value of moving average. If value of moving average is below price of the security, then trend is considered to be upward. Contrary to that when value of moving average is above price of the security then trend is considered to be downward. Another method of determining trend is to use two same moving averages but with different length (different number of hours or days, etc.). These two moving averages would be then plotted on graph as two simple lines occasionally crossing. Trend would be considered upward when shorter moving average would be above longer moving average. Opposite to that, if shorter moving average would be below longer moving average then trend would be regarded to be down.
Illustration 1.01
Picture above depicts daily chart of XAUUSD. It is observable that price continued to rise most of the time when it was above 10-day SMA. It is also observable that when price dropped below 10-day SMA then it continued to decline further.
Identification of price extremes
Analyst can find another utilization of moving average in finding the price extremes. This is possible due to natural tendency of price to move back towards its moving average after it deviated too far from it.
Illustration 1.02
Graph above depicts General Motors on daily time frame. It is visible that when price deviated too far from its 10-day SMA then retracement followed. However, it is not a rule that price will retrace full length back to moving average once it deviated too far from it.
Identification of support and resistance levels
Another possible use of moving averages lies in using them as specific support and resistance levels. In rising markets price has tendency to correct towards moving average before continuing to rise further. Similarly, in declining markets price tends to suddenly increase towards moving average and then drop and continue lower.
Identification of signals
Generally, when moving average with lower period interval crosses above moving average with longer period interval it is considered bullish signal. On the other hand, when moving average with longer period interval crosses above moving average with lower period interval it is considered bearish signal. These crossovers can serve as specific buy and sell signals in markets that are trending.
Illustration 1.03
Picture above shows same graph of General motors as is depicted in Illustration 1.02. However, instead of one 10-day SMA this graph also includes 20-day SMA. It is easily identifiable where these two moving averages cross each other and by doing so generate specific buy and sell signals. However, we have to note that in non-trending markets this method lacks utility since moving averages tend to produce a lot of false signals.
The Linearly Weighted Moving Average (LWMA)
The Linearly Weighted Moving Average (LWMA) is very similar to the Simple Moving Average (SMA) we introduced in our previous education excerpt. But while SMA gives each time period involved in the calculation same weight LWMA differentiates between the weight linked to each time interval. Normally, 10-day SMA calculation would be conducted by summing up each value per time period and then dividing this result by total number of time intervals (which would be 10 in this particular example). In this calculation each time period (each day) would have 10% weight. However, as mentioned before, LWMA gives each time interval different weight. This unequal redistribution of weight can be achieved in two simple steps. In the first step analyst multiplies each day's value and sums up resulting values together. Then in the second step analyst divides resulting value (from the first step) by the sum of all multipliers. For example, in 10-day LWMA first day's value would be multiplied by 10. Then second day's value would be multiplied by 9; and third day's value would be multiplied by 8 (continuing up to 10 days where last day's value would be multiplied by 1). Resulting value for each time interval would be then summed up and divided by 55 (multipliers: 10+9+8+7+6+5+4+3+2+1 = 55). This simple change in formula would result in giving 10th (most recent day) day in the calculation twice the weight of 5th day and ten times the weight of the 1st day. Calculation of 10-day LWMA for 11th day would then involve weighting data from 2nd day up to 11th day while dropping the 1st day's value from data set being used in the calculation. Assigning different weight to each time interval helps to give more relevance to the most recent days as opposed to giving less importance to days before that.
Formula
LWMA = / summation of W
P = price for the period
n = period
W = the assigned weight to each period (highest weight goes first and then it linearly declines)
Illustration 1.04
Chart above depicts two different moving averages. First is 10-day SMA (blue) and second is 10-day LWMA (yellow). While these two moving averages have same length they are different in shape. This is because of unequal redistribution of weight. This allows LWMA to act in advance of SMA.
Geometric Moving Average (GMA)
The Geometric Moving Average (GMA) is another form of moving average. But rather than using price in its calculation GMA uses percentage changes between the previous time period and the current time period. This type of moving average distributes weight equally as SMA. In addition to that it suffers from lag. When SMA and GMA (with same length) are plotted on same graph they are not different in shape or dimensions. Therefore they would overlay each other.
The Triangular Moving Average (TMA)
The Triangular Moving Average (TMA) is another type of moving average that is different from previous types of moving averages in that it is double smoothed. Its calculation begins with taking SMA with predetermined number of bars. After that these results are being used to take SMA of former SMA. However, length of second SMA is only half of that used in calculation of original SMA. For example, 20-day SMA would be smoothed through calculation of 10-day SMA that would use data from 20-day SMA. The result can be then plotted on graph and it is depicted as smoothed line. TMA represents the trend better since it is double smoothed, however, at cost of sensitivity to trend changes. When TMA and SMA (with same length) are plotted on same graph they are different in shape and dimensions.
Illustration 1.05
Picture above shows daily graph of PEP. Three moving averages are depicted: SMA, LWMA, TMA. They all observe same 10-days, however, each acts differently.
The Exponentially Smoothed Moving Average (EMA)
The Exponentially Smoothed Moving Average (EMA) is type of moving average that weights importance on the most recent data. Decrease in weight from one time interval (one day) to another is exponential; and unlike SMA and LWMA exponential moving average has ability to use information outside the length of the moving average. Result from calculation of EMA can be then plotted on graph similarly like result from SMA, LWMA or any other moving average. EMA is considered to be more responsive to trend changes and it can be used when analyst is concerned with effect of lag (which is stronger in SMA and LWMA).
Formula
EMA = Pricet x k + SMAy x (1-k)
t = today
k (multiplier) = 2/(number of days in period +1)
SMA = simple moving average of closing price
y = yesterday
Illustration 1.06
Picture above depicts daily graph of Raytheon. It also depicts 10-day SMA and 20-day EMA. It is visible that many fake signals took place once market started to trade sideways.
Disclaimer: This content is purely educational.
ETHUSD(4Hr) : ETHUSD consolidating at the momentMarket in the last 24 hours
The price can be seen moving below the lower Bollinger band after which the price accepted it as a support line and now it can be seen moving along the middle Bollinger band. Trading volume has been moderate and similar throughout the day suggesting a consolidated momentum.
Next 24 hours Trend analysis
The price is expected to move to the upper Bollinger band after which it is more likely to oscillate between the upper and the lower Bollinger band.
The price change was low at approximately 1.8%, with the day's range between $3586 — $3623.
Price at the time of publishing: $3577
ETH’s market cap: $422 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
ETHUSD(4Hr) : ETH consolidating after a small riseMarket in the last 24 hours
The price can be seen moving along the middle Bollinger band in the last 24 hours with low volatility which is causing the upper and the lower Bollinger band to converge. Trading volume has been moderate for the last 24 hours. It has been almost similar as well suggesting a consolidated momentum.
Next 24 hours Trend analysis
The price is expected to continue to oscillate between the upper and the lower Bollinger band as the Bollinger bands are converging. This would also lead to a low volatility.
The price change was low at approximately 0.35%, with the day's range between $3545 — $3628.
Price at the time of publishing: $3571
ETH’s market cap: $421 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on ETHUSD .
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 9 are giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
DOGEUSD(4hr) : DOGE recovers after last month's dropMarket in the last 24hrs
The price seems to have to accept the upper Bollinger band as a resistance line and can be seen moving sideways in a consolidated momentum. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
The price is expected to move in a consolidated manner till it moves to the middle Bollinger band. After that, the price is expected to continue to move sideways until we see a huge change in trading volume which can cause high volatility as indicated by the gap between the upper and the lower Bollinger band.
Price volatility was low at approximately 1.94%, with the day's range between $0.243 — $0.272.
Price at the time of publishing: $0.258
DOGE’s market cap: $33.9 Billion
However, the Indicator summary is giving a 'BUY' signal on DOGEUSD.
Out of 11 Oscillator indicators, 0 are giving a SELL signal, 9 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 2 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal.
Trading volume has been very high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
ETHUSD(4Hr) : ETH calming after seeing some bullish daysMarket in the last 24 hours
The price moved in sideways with a little indication of bullish momentum. Trading volume has been very high in the last 24 hours.
Next 24 hours Trend analysis
The price is expected to move sideways between the upper and the lower Bollinger band. The volatility is expected to be low as the gap between the Bollinger band is very less.
The price change was low at approximately 0.9%, with the week's range between $3360 — $3471.
Price at the time of publishing: $3454
ETH’s market cap: $406 Billion
However, the Indicator summary is giving a 'BUY' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 0 are giving SELL signal, 1 is giving neutral and 14 are giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
XRPUSD(4HR) : Ripple moving above 1$Market in the last 24hrs
The price moved below the middle Bollinger band and the price accepted the lower band as a support line as the price can be seen moving upward in the latest tick. Trading volume has been moderate in the last 24 hours and has been similar throughout the day suggesting a consolidated momentum.
Today’s Trend analysis
As the current price is moving above the middle Bollinger band it can be said that the price has rejected it as a resistance line thus the price is expected to move in a bullish momentum till it reaches the upper Bollinger band after which consolidated movement is likely.
Price volatility was extremely low at approximately 3.75%, with the day's range between $1.01 — $1.08.
Price at the time of publishing: $1.04
XRP’s market cap: $48.81 Billion
However, the Indicator summary is giving a 'BUY' signal on XRPUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 2 are giving SELL signal, 1 is giving neutral and 12 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
Top Crypto Influencers To Follow In 2021(🔴PART 2)Hi guys
As I promised in the previous post about influencers, I also posted the second part for you, there are 6 other people on my list, and if the number of likes reaches 270, I will post it for you as well.
✨1.Loomdart(@loomdart)
Loomdart is a cryptocurrency analyst and veteran trader who has been actively dishing out well-researched, pertinent trading and investment tips and strategies on Twitter since mid-2014.
✨2.Starbust(@cryptostardust)
Also known as Inversebrah in the crypto community, Starbust can only best perfectly described a crypto memes connoisseur. Much to the amusement of his thousands of followers, Starbust's online persona brings a satirical and comical twist to the often over-serious and overcomplicated debate on cryptocurrencies and his popularity is only rising, so you might want to follow him to a laugh or two
✨3.Lil Bubble(@TheCryptoBubble)
Popularly known for producing parody versions of famous songs by the likes of Blink 182 and Avil Lavigne, Lil Bubble is undoubtedly the biggest satirist in the cryptocurrency space with hits like All Time Lows and Liquidated pushing him into an bigger online stardom. His productions can be found on Instagram and Twitter.
✨4.Altcoin Sara(www.youtube.com)
Sara is a rare female face in the crypto space and one of the community’s biggest advocates through initiatives like the Altcoin Buzz Ladies YouTube channel, where she discusses cryptocurrency news, provides market analysis and offers a platform for alternative perspectives in the world of blockchain.
✨5.Credible Crypto
Your main stop for understanding crypto trades, trends, and the marketplace at large is none other than Credible Crypto. Through his relentless quips on Twitter, Credible Crypto shares market analysis and investing advice with a healthy dose of humor thrown into the mix. He also does a superb job at breaking down key concepts and delivering a simple and approachable strategy to crypto investments and business
✨6.Changpeng Zhao(@cz_binance)
More commonly known as "CZ", this business executive is none other than the founder and CEO of the world's largest cryptocurrency exchange - Binance. With an impressive track record in software development and trading for Bloomberg, CZ also found success while working at Blockchain.info before moving on to found his own startup. He frequently shares his wealth of knowledge on Twitter, earning him a solid spot on this list of crypto influencers.
✨7.Nicholas Merten(@Nicholas_Merten)
Nicholas Merten is the founder of DataDash, the largest and arguably one of the most influential YouTube channels solely dedicated to covering crypto-related news. He's equally active on Twitter.
✨8.Roger Ver(@rogerkver)
Another early investor, Ver has supported a number of cryptocurrency startups and projects over the years, cementing his status as 'Bitcoin Jesus' (as he likes to proclaim himself). He's also a leading digital philanthropist after major donations toward economic education. He currently serves as CEO of Bitcoin.com and you can find him Twitter.
✨9.Vitalik Buterin(@VitalikButerin)
The co-founder of Ethereum (and the world’s youngest known crypto billionaire), boasts a massive online following, in large part due to his outspoken and opinionative views. The Canadian-Russian programmer isn’t exactly shy when it comes to stoking debate over some of the crypto industry’s most controversial aspects and has been praised for tackling sensitive issues head-on. He uses his platform to put pragmatism and principles before crypto politics. Buterin has also become a leading crypto philanthropist, making hefty donations to major causes. Follow him on Twitter, where he tends to drop some pretty big announcements.
✨10.Gavin Andresen(@gavinandresen)
Primarily known for his crucial contribution toward developing Bitcoin during its initial phase, Gavin Andresen was considered Satoshi Nakamoto’s right-hand man, taking over from the Bitcoin founder after his abrupt departure from the project in 2010. Andersen then went on to become the face for Bitcoin as it exploded into mainstream consciousness. He’s since gone into semi-retirement but still plays a big and influential role as Chief Scientist at the Bitcoin Foundation. You can find him on Twitter.
GBPUSD > What to Expect and Where to Sell.Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves.
Analysis on #GBPUSD
The pound got dismasted recently and broke its very important key support level above 1.3600, with the in mind, I will only be looking for sell as I believe the dollar will strengthen after the FED clearly said it will start the tapering process next soon and we all saw how the on yield exploded to the upside and that for sure reflected on the dollar value.
The plan :
>> if the market comes to test its previous support level now turned to a resistance level near 1.3600 I will look for the market to turn bearish on the lower time frame to provide me a reason to get in a sell trade same plan I have for the EURUSD that I posted today, check it out.
Thank you so much for your support.
Check today analysis below⠀
>>“ With confidence, you have won before you have started."
ETHUSD(4Hr) : Ethereum moving sidewaysMarket in the last 24 hours
The price can be seen moving in an upward momentum as the price accepts the lower Bollinger band as a support line. Trading volume has been moderate in the last 24 hours.
Next 24 hours Trend analysis
The price is near the middle Bollinger band which is a critical resistance line. If the price accepts the middle Bollinger band as a resistance line the price will continue to oscillate between the middle and the lower Bollinger band. Else if the price rejects it then the price will continue to move in a bullish manner till it reaches the upper Bollinger band.
The price change was low at approximately 0.2%, with the week's range between $2793 — $2947.
Price at the time of publishing: $2943
ETH’s market cap: $346 Billion
However, the Indicator summary is giving a 'SELL' signal on ETHUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 12 are giving SELL signal, 1 is giving neutral and 2 are giving a BUY signal.
Traded volume has remained high in the past week. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
XRPUSD(4Hr) : XRP having a bad dayMarket in the last 24hrs
The price can be seen oscillating between the middle and the lower Bollinger band and can be seen moving in downward momentum. Trading volume has been high but is lower than the average daily traded volume.
Today’s Trend analysis
The price is expected to continue to move in a bearish momentum until the price accepts the lower Bollinger band as a support line after which it is expected to oscillate between the lower and middle Bollinger bands.
Price volatility was extremely low at approximately 3.88%, with the day's range between $0.90 — $0.94.
Price at the time of publishing: $0.91
XRP’s market cap: $42.25 Billion
However, the Indicator summary is giving a 'STRONG SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
AAVEUSD Price AnalysisThe daily chart shows the AAVE token has dropped out of a rising trend channel. The lower edge of the pattern, which previously acted as support, is now the first resistance level at $322. Furthermore, the 100-day moving average at $321.75 reinforces the trend line. This was evident last week when Aave tried to recover the uptrend but was swiftly rejected.
As long as the Aave price is below $322, it is vulnerable to further weakness. In that event, a logical target is the 20th of July low at $212, which sits just above May’s ‘flash crash’ low of $206. However, if the price scales $322, the bearish view becomes invalid and the uptrend returns as the dominant theme.
I have premium Trade Signal services, feel free to get in touch for your daily signals and analysis
XRPUSD(4Hr) : XRP moving in a calming consolidated mannerMarket in the last 24hrs
The price moved sideways from the middle to upper Bollinger band. The volatility is expected to be low as the Bollinger bands are seen converging. Trading volume has been very high in the last 24 hours.
Today’s Trend analysis
The price is expected to move in a consolidated momentum and oscillate between the upper and lower Bollinger band.
Price volatility was extremely low at approximately 0.72%, with the day's range between $0.94 — $0.98.
Price at the time of publishing: $0.97
XRP’s market cap: $44.69 Billion
However, the Indicator summary is giving a 'SELL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 9 are giving SELL signal, 1 is giving neutral and 5 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
KOTAK MAHINDRA 17 % TARGET HITTi have discusses how the 17% target of kotak mahindra has hit
i also discusssed that why heavy weights are moving these days
i also have discussed the mental psychology of the traaders near the boom
i also discussed the money flows of traders from a volatile securities to the safe side
XRPUSD(4Hr) : XRP saw a big jump in the last 24 hoursMarket in the last 24hrs
The XRPUSD saw a bullish momentum as the price moved from the middle Bollinger band to the upper Bollinger band. Trading volume has been very high in the last 24 hours and the volume can be seen increasing with an increase in price suggesting a strong bullish momentum.
Today’s Trend analysis
The recent red tick is suggesting that the price has accepted the upper Bollinger band as a resistance line, thus a consolidated momentum is more likely with a slight indication of bullish momentum. The gap between the upper and lower Bollinger band suggest that price volatility can be high.
Price volatility was high at approximately 7.44%, with the day's range between $0.98 — $1.02.
Price at the time of publishing: $1.01
XRP’s market cap: $47.1 Billion
However, the Indicator summary is giving a 'NEUTRAL' signal on XRPUSD.
Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal.
Out of 15 Moving average indicators, 7 are giving SELL signal, 1 is giving neutral and 7 are giving a BUY signal.
Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
GOLD FED NEWS DECISION PENDINGYesterday I posted a idea of short sell, there were scenario of buy and sell, I was confident on FED meeting on interest rate decision. But yet not confirmed.
Technically speaking it looks like price will continue lower and it will move below the previous lows 1744. Well I recommend you that open small lot size of 0.01 according to your risk management. Wait for FED meeting confirmation on further price action.
There will be two scenario
In CASE 1
If price goes to the above 1782-85, then the level to look out for is 1810.
In CASE 2
If price goes to the above 1772-69 as strong support, then the level to look out for is 1735 and low.
AGAIN I RECOMMEND you to take action after FED news and best entry position would be below 1770.
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