spaznull

TRX volitility increase

BINANCE:TRXBTC   TRON / Bitcoin
TRX             is having a little bit of momentum in the last couple days. From my previous post HERE. I was saying to keep an eye out for a boop right through the 1.5 deviation of the downward channel (Yellow channel, 1.5 deviation being the lighter background shade). The sideways market pulled the candles right through. This happened right where the orange 50MA was crossing.

After breaking through, it came back down to show the 50MA as support. First with a bullish Harami candle followed by a doji . Alone, a doji is a neutral candle that forms when a candle open and closes at virtually equal values for the given time period. This is can be taken as a signal for a reversal pattern. Upward movement from here, boop-ing right past the blue 100MA, to show support with another bullish harami candle.

This happened as the Squeeze Momentum Indicator (source: http://pastebin.com/UCpcX8d7) was starting to show a volatility increase which can be identified by the white crosses. Black crosses on the midline show that the Bollinger Bands are with in Keltner Channel (market entered a squeeze). The squeeze tells us when a market is simply oscillating or a trending market. Currently showing action for a longer movement.

If this volatility remains, It may be a good time to enter into a long position.

I have given two resistance targets I will be keeping an eye out for. Mainly the 624 satoshi yellow line which was the 0.786 fib from the all time high.
评论: I did forget to mention the posted chart was with 4H candles.

Here is a copy of the 1D chart that is showing 50MA support and 100MA testing. The Squeeze Momentum Indicator is showing us signs up a potential reverse in trend and an increase of volatility.
评论: Support off the 100MA and testing the 50MA***
Thx for this update, was also a learning experience for me.
回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出