Stoch is showing an overbought condition, and QQQ seems to be pulling away from the upper Bollinger Band today. MACD shows the uptrend to continue, but a quick dip below 353 would sure help my short call position. May just roll the July calls to August, and sell some OTM puts to ease the pain.
The only VTHO that I currently hold is from staking VET, but that is about to change. I'm seeing some upside movement, and am going to buy a small position. The STOCH shows VTHO coming out of an oversold condition back on May 19th, and continues this trend. VTHO is currently trading in the lower channel of the Bollinger band, which, isn't a bullish sign, so...
If I were trading off the Stochastic, it would be go time on VET. According to Stoch, VET is coming out of an oversold condition. While the MACD appears to be moving toward the same decision, it has not confirmed that selling is over. Bollinger Bands have VET moving away from the lower band, but we could see VET just returning to the SMA, currently at .16, and...
Sellers seem to be subsiding on dumping ALGO, and surprisingly, my Binance account actually allowed me to purchase some ALGO today. I'm half tempted to just empty the account, since it has been locked for no reason for about 3 months now. But anyway, got in on a good price, and was able to add more. Might not be the best entry, but it is a good one.
Just bounced off the lower Bollinger Band. With all the bad news, can't imagine QQQ has any more juice left. Staying short on this one, looking to profit from a downward move.
So in this overbought position, we get an abysmal US jobs report. Market responds by moving up. I feel like this could be a trick, but I'm going to see what happens this afternoon, and my actually sell some puts , based on technical indicators
Looks like any ALGO my be bouncing off the lower Bollinger Band, and could be moving up from here. If anybody is on the sidelines waiting for a better price, you might running out of time. The Stochastic shows ALGO coming out of an overbought range. MACD on the other hand, isn't convinced that the price has found bottom yet.
Have a small position in ATOM. I don't trade it, because I want to earn the 5% staking reward. I just bought some a bit ago, and am holding on. Looking at the chart, seems like a good contrarian buy, has been feeling some downward pressure as displayed by the BBands, Stoch, and MACD. No real "TIMBER!!" moment, just some light profit taking. I'm guessing I'm not...
Doesn't really matter what it is, I say short any IPO on the 2nd day. Short NASDAQ:COIN .
Based solely on the technicals, I'm starting to trade this one. Could be a gem, could be a turd. Guess we'll see.
Started adding this in the .04's, and wanted more, but Binance froze my account from trades, deposits and withdraws! Ugh! Oh well hope it gets sorted out soon. BB, MACD, Stoch, all sing the same song. Buyer beware.
Never traded this one, so this will be a learning experience. Saw BCH bounce off the lower BBand, and Stoch shows it coming off of an oversold condition. MACD does not agree, but looking at the past movement, my MACD settings may be too slow for this timeframe. It seems like every time MACD confirmed, BCH was done moving in whatever direction that was, and turned...
Stoch and MACD are showing a bearish crossover for SPY, but the ETF stays in the upper channel of the Bollinger Band for now.
Today VETUSD opened at .04306700. Through the day it traded as high as .04471400 and as low as .04131200 Bollinger Bands Looking at the Bollinger Bands for VETUSD, you can see that VETUSD is trading in the lower, which is considered to be a bearish sign. MACD Looking the MACD indicator below, you can see that the red is over the blue. This is can is indicative...
Looks as though the BB and the Stoch are signalling for a bit of a pullback. MACD disagrees for now. I don't expect any massive crash or anything like that, but might be a good time to sell some call spreads to make a few bucks
If the SPY can close in the upper BBand, could be the beginning of a little more upside. The Stoch agrees. MACD, not convinced yet. I bought a small out of the money call spread, most of my capital is tied up in cryptos right now.
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Today the SPY opened at 389.82. So far today, it has traded as high as 390.07 and as low as 386. Bollinger Bands Looking at the Bollinger Bands for SPY, you can see that SPY is barely in the upper channel which is considered to be a bullish sign. Stochastic This indicator is showing blue line is over the red, showing a bullish trend. The Stoch shows SPY to be...