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Trendfollowing

LUNA time to correct after 50% pump? LUNA jumped 50% after the bullish Supertrend Ninja - Clean signal on the 24th Febr (green vertical line on the background). It hasn't made a large correction since. Since the listing on Binance in 2020. The Supertrend Ninja - Clean gave 1 bullish signal (+6247% gains). In 2021 it gave 4 bullish signals, with 2 big bullruns (580% and 90%). In 2022 it gave 1 bullish signal (50%). On 13th April 2022 it signalled a bearish Supertrend Ninja signal. While the price moved the opposite direction soon after. It can still go downwards from my experience. Let's have a look at the other indicators. The Stoch RSI is in oversold levels, pointing downwards. LUNA is still in the Bullish Zone of the Ichimoku Cloud. The RSI is range bound at 50 (40-60). If we take a look at the Average Directional Index ( ADX DI) its still bullish. The +DI (Green Line) is still above the the -DI (Red Line). While the Trend Strength is becoming weak. Since the ADX (Orange Line) is below its 9 Period EMA (Black Line). Currently LUNA is also below its Bollinger Bands Middle, Band Basis 20 Period SMA and the Least Squares Moving Average ( LSMA ). Which also signifies a possible downtrend. Going down here, the next support is at 78.85 USDT. Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Use: In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
by Kch28
SHIB Analysis - still correcting since bullish 932% signal.SHIB going sideways for months now between 2106 and 2725. SHIB corrected 8.27% after the latest Supertrend Ninja - Clean signal on the 19th Jan (red vertical line on the background). But in general SHIB has been in a correcting downwards trend for 6 months now. Since the bullish (green vertical line) of the Supertrend Ninja - Clean on 1 Oct 2021. Which made a whopping +932%. In less than 8 months the Supertrend Ninja gave 4 bearish signals, whereafter a correction followed. Let's have a look at the other indicators. The Stoch RSI is in oversold levels, but it hasn't crossed up to the blue area yet. Also the price is below the Ichimoku cloud , which is bearish. The Constance Brown is in oversold area as well. The RSI is range bound (40-60). Bouncing up here 2725 USDT is the next target. Dropping here 2106 USDT is the next target. 1694 USDT thereafter. The Supertrend Ninja - Clean hasn't given a bullish signal for the time being (green vertical line on the background). If SHIB does bounce up here, it would be making a higher low. Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Use: In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
by Kch28
US Dollar Above $100!The US Dollar continues to gain strength and has been in a consistent rise since June 2021, where we have seen price climb 13.06%. Note that price is still inside a long-term area of consolidation that has lasted since January 2017, between a high of 103.96 and a low of 88.15. As this is a wide area of consolidation, price has enough room to form a trend that is currently in play and moving strong, especially for this month. Price is now trading above the $100 round number and moving towards the consolidation resistance level at 88.15. If we have a breakout of the resistance level, we should see a big trend unfold because the larger the area of consolidation, the bigger the move in the direction of the breakout. Patience for now. If price breaks out, we will likely see other forex pairs form strong trends. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!Long
by Sublime_Trading
GBPJPY Pullback Opportunity?The GBPJPY was making good progress last week, creating a high at 168.43, but as was expected, price began to pull back by the end of the week, The first obvious level of support was from the March 28th high at 164.65 and price closed for the week above this level. But so far this week, price has declined below this support level. This is when we have to look for other potential support levels which in this case is the 20 simple moving average. Price has now hit this indicator, but as it is still too early in the day, we will have to wait until the bar closes to determine if it may act as support. If we have a bounce from the 20sma, we should see the bullish trend resume and go on to create higher highs and higher lows. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
Swing trade atleast 20% returnPlease refer chart for detailed explanation on technical analysis . Falling wedge is one the most accurate pattern. One can use buy on dips strategy. If you think my analysis is helpful than please do like my idea. For future reference do follow me so that you do not miss any of my analyses. You can also check my Axis Bank trade for 20% return. Link is shared below or else you can visit my profile and check all the Ideas which I have shared. Feel free to leave any questions you have in the comments! I will gladly respond to them. Hopefully, this helps you out a little bit. Please make your own research before investing. P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
ELong
by RohanLakhani4
ATR and RSI in price actionI explain in this video how I view the relationship between ATR and RSI in true trend following situations. This is not about trend continuation or harmonics. This is on the India50 - a 2H time frame. But always one has to look higher to understand the risk and rebellions that may be ahead. Trading is not about investing. It is primarily about exploiting parts of trends. So you're in and out of the markets, to catch a slice of some trend. There are bound to be losses. You absolutely cannot make profits without suffering losses. The business of minimising losses and maximising winning positions - in trend following - has no strict formula. It is about experience in the markets. And each market/instrument has its own personality. For tend followers taking some or all profits in a deep RSI trench is a good thing. The ATR can show important trend switches. There are trading platforms that can be programmed to follow the ATR (or any other indicator), in trend following. (House rules do not permit me to mention here). On such platforms one can program a trade to close if price is above or below a certain figure on the RSI. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
I
by Captain_Walker
GBPJPY UP 140 Pips Since Last Post!In our last post for the GBPJPY, price was moving up towards the resistance level at 164.65 from the high of March 28th. It took just two trading days from that post for price to make contact with this level, but price appears to have slowed down. This tends to happen around support & resistance levels, and in this case, it is just a display of the buyers losing momentum. The buyers may be resting before the next move up. We could even experience a pullback before that happens, but the current trend is bullish, so as long we continue to see a pattern of higher highs and higher lows, then the bullish move should continue. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
Gold Up 0.8% Already This Week!Gold is starting the week with a strong move to the upside, which may be its next attempt at the $2000 round number and the all-time high at $2075. It’s still early in the week, so it's too soon to tell if the bullish momentum will continue, so we will have to be patient to find out. Despite this current upwards move, we have to remember that price is in consolidation and has been since August 2020 when price created the all-time high. When price consolidates, we expect to see sideways movement and sudden, unpredictable moves to both the upside and the downside. We are interested in a confirmation of a breakout, not just an initial breakout. As the previous trend was bullish, the bias is for a breakout to the upside. The first breakout will indicate a potential continuation. The second breakout will confirm a trend continuation. Patience until that happens. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading
GBP/USD, Continuation to the Downside potential. Weekly: On a clear downtrend making LH's and LL also below the 200ema. Strong Sell on Forex Screener. Possible Double Bottom on the Weekly. Daily: Price is making LH's tapped into Daily Supply and is heading back to previous demand. If price falls through the weekly previous support would be a target. 4H: Price has made a series of LH's with a large bullish impulsive candle which has now been closed which was also the 50% fib level. Keeping with the trend of Bearish, price may return to the 4H supply the fall back, or, drop past the 4H BoS, re-test then continue down further.
Short
by Eddie3026
⭕️SELL NZDUSD at the best Place and Time❗️🔎⭕️You see the analysis of New Zealand dollar against US dollar in daily time ‌(NZDUSD , D1)🔎 🔰As can be seen from the analysis, the price moves in a bearish channel where the channel lines are marked in white. Due to the presence of the price in the purple demand range and the upper line of the downtrend channel, it is possible to sell and set the target at the intersection of the support line (orange line) and the uptrend line (white dashed line).🔎 Expected price movement is marked with a yellow line.🧐 The profit and loss limits are clear in the image❗️ ⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️ I hope this analysis is useful for you🙏🏻🌹 📌Please introduce the "TRADER STREET" to your friends 🙏🏻 __________________📈TRADER STREET📉____________________
Short
by TRADER_STREET
1
The S&P Holds At The 200smaThe S&P 500 has found support following the gap down candle on April 5th. The 200 simple moving average has been holding price up for three consecutive days. Price is now forming an unconfirmed bullish flag formation, which will be confirmed if the recent high from March 29th at $4637 is broken. The recent move has been bullish from March 14th but price is actually in consolidation since January 4th. As there are signs of recent strength and support holding price from declining further, we are anticipating a continuation of the overall bullish trend over the coming weeks and months. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
The Pound Muscling The Yen!Today, we are seeing strength in the British Pound, with bullish momentum pushing price towards the recent resistance level. We had a decline on March 28th, which found support around 160.00, and from April 1st, the buyers have gained back control and moving price back to the upside. A break and close above the recent resistance at 164.65 will be significant because it will be the first breakout following the breakout from consolidation on March 22nd. This will be our signal and confirmation of a trend continuation where we are likely to see a strong trend unfold. Be on the lookout for that breakout because there could be an opportunity to profit well from a strong move in this forex pair. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading