Bitcoin Cash (BCH), Binance Coin (BNB) Price Analysis and Forecast

The moving averages have been intertwined in the last 24hrs thus confirm the price momentum is likely in a range. The RSI indicator was above 70 …
Daily Crypto Markets Technical Analysis: XRP, Digibyte (DGB), and Electroneum (ETN)

BCH/USD

BCH

The moving averages have been intertwined in the last 24hrs thus confirm the price momentum is likely in a range. The RSI indicator was above 70 indicating an overbought market from 4th to 6th. On 4th, there was a bearish engulfing pattern which shifted the trend down to a low of $268.51.

This was then followed by a bullish move leading price momentum to a high of $298.90 thus placing resistance level at $295.73 and support level at $284.39 where support level can also be resistance level due to falling of prices at support zone.

Around 6th May the 7 day MA dropped below 21-day MA indicating a buy signal leading the trend to shift up. Later on around 7th May, the 7day MA rises above 21-day MA indicating a sell signal resulting in the trend shifting down.

The BCH has decreased in price with 0.43% since it started trading at $287.90 and is currently trading at $285.98. Currently, the trend has slowed down to an immediate reversal due to the presence of a doji candlestick pattern.

FORECAST

Both moving averages are pointing south also by the use of parabolic SAR indicator the dots are above the prices, this clearly shows that the price momentum will fall resulting in a downtrend in the coming days.

Binance Coin – (BNB)

BNB

A bearish outlook is seen resulting in a downtrend in the last 24hrs. BNB/USD pair began trading at $23.4013 and is currently trading at $20.34 this shows that it has dipped by 2.28% resulting to increase buy out by investors.

The day began with massive indecision in the market, where sellers and buyers couldn’t decide what move to go next but later on sellers manage to drive the price down at $21.48 placing support level at that point and resistance level at $21.88. Consolidation followed due to the fluctuation of prices and later pushed the price further down. This was confirmed by the RSI which was seen below 30 at that time indicating oversold in the market.

FORECAST

The 7-day MA rose above 21 day MA around 4th may this resulted to a downtrend and currently, the moving averages are both pointing north showing downtrend in the coming day. The RSI is also seen heading north thus signal a hint that bearish pressure is going to continue.

What’s Your Thought On This ?, Let Us Know In the Comment section Below.


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Juniper Networks (JNPR) Clocking in at $25.94 Tracking the Technicals on These Shares

Tracking shares of Juniper Networks (JNPR), we have noted that the Parabolic SAR is currently above recent stock price levels. The Parabolic SAR is …

Tracking shares of Juniper Networks (JNPR), we have noted that the Parabolic SAR is currently above recent stock price levels. The Parabolic SAR is a technical indicator developed by Welles Wilder. Traders may use this indicator to figure out the direction of a stock’s momentum and determine when there is a higher than normal probability of direction reversal.

Often times, investors are faced with challenging portfolio decisions. Maybe there are a few stocks that have outperformed expectations by a large margin. Investors may be hesitant to exit a position with the fear that the stock may have much more room to run. Investors may have to decide if the time is right to cash in and take some profits, or hold out for further gains. On the other end, investors may have a few duds in the portfolio. Cutting ties with certain underperformers can be a tough decision. It may be hard for an investor to sell a position that they thought for sure was going to pan out and provide gains. Being able to detach from a certain position may help ease the possibility of even more frustration later down the line if the stock doesn’t bounce back.

Tracking other technical indicators, the 14-day RSI is presently standing at 41.28, the 7-day sits at 38.33, and the 3-day is resting at 31.29 for Juniper Networks (JNPR). The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.

Another technical indicator that might serve as a powerful resource for measuring trend strength is the Average Directional Index or ADX. The ADX was introduced by J. Welles Wilder in the late 1970’s and it has stood the test of time. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength. At the time of writing, the 14-day ADX for Juniper Networks (JNPR) is noted at 18.01. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

Presently, Juniper Networks (JNPR) has a 14-day ATR of 0.53. The Average True Range is widely used metric that helps gauge the volatility of a particular stock. The ATR is not used to measure price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder. Wilder has developed multiple indicators that are still quite popular in today’s investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.

Juniper Networks (JNPR) currently has a 14 day Williams %R of -59.79. In general, if the level goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may signal that the stock is oversold. The Williams Percent Range or Williams %R is a technical indicator that was developed to measure overbought and oversold market conditions. The Williams %R indicator helps show the relative situation of the current price close to the period being observed.

Investors may use multiple technical indicators to help spot trends and buy/sell signals. Presently, Juniper Networks (JNPR) has a 14-day Commodity Channel Index (CCI) of -120.36. The CCI was developed by Donald Lambert. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Traders may also use the reading to identify overbought/oversold conditions.

Traders might be paying extra attention to the technicals as they look to spot buying opportunities in the stock market. Because there are so many different strategies that traders can use, it may be difficult to pinpoint the correct avenue. New traders might choose to focus on one or two main indicators when just starting out. With time and experience, many traders will use a combination of various indicators when setting up their persona charts. It may be wise for traders to remember that what has worked for someone else in the past may not work for them in the future.

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Stellar (XLM) Technical Analysis: Coinbase Earn Giveaway Reignites Bullish Sentiment

Coinbase has been a significant driver behind XLM’s recovery over the last 4 weeks, adding support for XLM on the Coinbase Pro platform on March …

Latest Stellar Lumens News

Stellar lumens (XLM) is continuing to make steady progress this month, despite starting off the year in a steep bearish downtrend and unravelling down to new one-year low at $0.07.

Today, the asset has managed to hang on in the green with a marginal 1.75% gain against the US dollar and 1.22% against BTC. Trading volume over the last 24hrs has also seen a slight increase of $60 Million as XLM recovers from the intraweek pullback.

Coinbase has been a significant driver behind XLM’s recovery over the last 4 weeks, adding support for XLM on the Coinbase Pro platform on March 13, and helping to encourage new bullish momentum with a ‘Coinbase Earn’ 1 Billion XLM token giveaway.

Stellar Lumens Price Analysis

On the 1D XLM/USD we can see that the asset has been climbing inside an ascending channel since finding the bottom on February 6.

So far the uptrending resistance has prevented XLM from breaking out over the psychological $0.12, and has forced the price action back under the key $0.1076 resistance (first red shaded area).

The long wick beneath today’s candle body however, shows that buying momentum is starting to pick back up again after this morning’s bearish episode, which could be hinting at a potential breakout soon if volume continues to rise.

On the 4H indicators, the Chaikin Money Flow, Parabolic SAR and MACD indicators all seem to be favouring a bullish continuation, however the 5/11 EMA lines have yet to show a clear convergence/ divergence to give us further confirmation.

What we could see happen over the next 48hrs, as XLM heads towards the weekend, is the price action fall into an ascending triangle pattern between the $0.108 resistance and the strong uptrending support (see below). From this we would expect to see bullish momentum gradually outpace the selling pressure at the resistance, before finally breaking over it and going on to retest the psychological $0.12 level above.

Stellar Lumens (XLM) Price Targets

All ROIs are calculated from the asset’s current value at $0.105 (AToW).

PT1: $0.108 (2.86%)

PT2: $0.116 (10.48%)

PT3: $0.118 (13.10%)

by Ollie Leech, 4 hrs ago

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Canopy Growth Corp (WEED.TO) Shares Trading Near $57.49Technical Views: PSAR Above the …

The Parabolic SAR is currently higher than the stock price for Canopy Growth Corp (WEED.TO). Active traders may be closely tracking the action to …

The Parabolic SAR is currently higher than the stock price for Canopy Growth Corp (WEED.TO). Active traders may be closely tracking the action to see if the indicator position is pointing to shares nearing a momentum directional shift. The Parabolic SAR is a technical indicator developed by Welles Wilder.

Investors may be trying to get a read on the next big stock market move. Projecting which stocks are ready to make a run can be tricky. Many investors will track the market from various angles in order to make the best educated decisions. Keeping tabs on all the important economic indicators can help when analyzing the overall health of the stock market. Some financial strategists may be projecting a sharp downturn over the next few months while others believe that there is no tangible reason for the market to lose the near-term momentum.

Currently, the 14-day ADX for Canopy Growth Corp (WEED.TO) is sitting at 17.56. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

Keeping an eye on Moving Averages, the 50-day is 60.89, the 200-day is at 51.02, and the 7-day is 60.15 for Canopy Growth Corp (WEED.TO). Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.

When completing stock analysis, investors and traders may opt to review other technical levels. Canopy Growth Corp (WEED.TO) currently has a 14-day Commodity Channel Index (CCI) of -184.08. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.

The Average Directional Index or ADX is a popular technical indicator designed to help measure trend strength. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies. Presently, the 14-day ADX for Canopy Growth Corp (WEED.TO) is 17.56. In general, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The ADX alone was designed to measure trend strength. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well.

Investors may be closely watching technical levels on shares of Canopy Growth Corp (WEED.TO). In terms of Relative Strength Index, the 14-day RSI is currently resting at 40.14, the 7-day is 27.76, and the 3-day is standing at 15.51. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter period of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold.

As the next company earnings season comes into focus, investors may be closely following the numbers as they are released. Some investors will choose to stay away from any big trades during earnings season. Others will opt to try to capitalize on stock price fluctuations that may occur before and after the earnings report. Wall Street analysts may be getting ready to make estimate revisions over the next couple of weeks. Investors have the ability to follow analyst estimates and recommendations when undertaking stock analysis. Investors may choose to review analyst projections and then make their own decisions on what they think the company will report for the quarter.

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Alteryx Inc (AYX) Closes Last Session Above PSAR

Shares of Alteryx Inc (AYX) are on watch as they closed the most recent session above the Parabolic SAR line. The current level of the shares …

Shares of Alteryx Inc (AYX) are on watch as they closed the most recent session above the Parabolic SAR line. The current level of the shares currently stands at 81.48 at the time of writing.

SAR stands for stop and reverse and it is a trend following indicator, designed to identify the turning point in price action. The parabolic SAR is shown on the charts as a series of small ‘dots’ that are placed either above or below the price. When the price is trending to the upside, the dots are below the price action and when the price is trending to the downside, the dots are above the price action.

When the share price closes above the upper Parabolic SAR, a trader could interpret a buy signal. The Parabolic SAR will move from being above price to below price and the trader would cover any existing short positions and reverse direction and buy long.

When the price closes below the lower Parabolic SAR, a trader could interpret a sell signal. The Parabolic SAR will move from being below price to above price and the trader would sell any existing long positions and reverse direction and go short.

New investors may be looking at the soaring stock market and wondering if now is a good time to try and get in on the action. Leaping into the market without proper research or a solid plan may leave the investor on the short end of the stick. Creating a stock investing plan can be as simple or complex as the individual chooses. Sometimes, keeping things simple may be the best way to go. Other times, there may be more than meets the eye, and a deep-dive into the crucial data may be required. New investors may be extremely excited to start buying stocks. They may have heard some great water cooler talk about the next big stock. There is always a possibility that the hot stock chatter may end up coming to fruition, but it could just as likely turn out to be terribly erroneous. Many individuals in the financial world will be quick to provide these can’t lose picks, but until this information is thoroughly researched, investors may want to proceed with caution.

Active traders have a wide range of technical indicators at their disposal for when completing technical stock analysis. Currently, the 14-day ATR for Alteryx Inc (AYX) is spotted at 3.83. First developed by J. Welles Wilder, the ATR may assist traders in determining if there is heightened interest in a trend, or if extreme levels may be signaling a reversal. Simply put, the ATR determines the volatility of a security over a given period of time, or the tendency of the security to move one direction or another.

Checking in on some other technical levels, the 14-day RSI is currently at 60.85, the 7-day stands at 60.39, and the 3-day is sitting at 49.00. The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.

Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. The ADX was introduced by J. Welles Wilder in the late 1970’s and it has stood the test of time. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength. At the time of writing, the 14-day ADX for Alteryx Inc (AYX) is noted at 19.07. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

The Williams Percent Range or Williams %R is another technical indicator worth taking a look at. Alteryx Inc (AYX) currently has a 14 day Williams %R of -22.88. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. Levels above -20 may indicate the stock may be considered is overbought. If the indicator travels under -80, this may signal that the stock is oversold. Chart analysts may also use the indicator to project possible price reversals and to define trends.

Alteryx Inc (AYX) currently has a 14-day Commodity Channel Index (CCI) of 91.12. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

There are many factors that can affect the health of a company. This is one reason why stock trading can be extremely difficult at times. Because there are always so many things to take into consideration, it may be next to impossible to create a formula that will continually beat the market. Even after all the data has been scrutinized and the numbers have been crunched, the investor still has to make sense of the information and figure out what to do with it. Knowing how to use the information about publically traded companies can end up being the difference between handsome gains and devastating losses.

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