#EMA bounce with candlestick patterns

[signode-blog]

How to Trade the Bullish Engulfing Pattern: Complete Guide with Strategies

In the world of candlestick trading, price action patterns offer invaluable insights into market sentiment and potential reversals. One of the most powerful and frequently observed reversal patterns is the Bullish Engulfing Pattern. This pattern signals a shift from bearish to bullish sentiment, often preceding a strong upward move. In this blog post, we’ll explore: What the Bullish Engulfing…

[secretindicator]

forex scalping strategy for beginners

1. Introduction to Forex Scalping

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Forex scalping is a fast-paced trading strategy where traders aim to profit from small price changes in the market. A scalper typically enters and exits trades within minutes—or even seconds—to capture small pip gains repeatedly throughout the trading session.

For beginners, scalping might seem intense, but with proper discipline, understanding, and tools, it can become a profitable trading method.

2. Advantages and Disadvantages

Advantages

Quick Profits: Since trades last minutes, you can quickly realize gains (or losses).

Low Exposure to Risk: Short time in the market means reduced exposure to unpredictable market news.

Frequent Opportunities: There are many setups during high liquidity periods.

Compounding Effect: Many small wins can accumulate into significant profits.

Disadvantages

High Stress: Constant monitoring and quick decision-making can be stressful.

Requires Focus and Time: Scalping is time-intensive and requires full attention.

Higher Transaction Costs: Frequent trading can lead to higher spreads and commissions.

Risk of Overtrading: Temptation to take too many trades in a short period can lead to losses.

3. Understanding the Forex Market Basics

Before jumping into scalping, you need to understand the fundamentals of the Forex market:

Currency Pairs: Forex is traded in pairs (e.g., EUR/USD, GBP/JPY). Scalpers usually trade major pairs due to tight spreads and high liquidity.

Pips and Spreads: A pip is the smallest price movement in a currency pair. The spread is the difference between the buy (ask) and sell (bid) prices.

Leverage: Many brokers offer leverage, which magnifies both profits and losses. Beginners should use this cautiously.

4. Choosing the Right Trading Platform and Broker

Scalping requires a reliable and fast broker. Here's what to look for:

Broker Requirements

Low Spread and Commission: Since scalping focuses on small price moves, tight spreads are essential.

No Restrictions on Scalping: Ensure the broker allows scalping strategies.

Fast Order Execution: Slippage can ruin scalping trades; you need instant order execution.

Regulated Broker: Choose a broker regulated by a recognized authority (FCA, ASIC, NFA, etc.)

Platform Features

Real-Time Charts: You need charts that update instantly.

Customizable Indicators: Useful for implementing your strategy.

One-Click Trading: For fast execution.

MT4 or MT5 Platforms: These are the most popular among scalpers.

5. Essential Tools and Indicators for Scalping

1. Moving Averages (MA)

Purpose: Identifies trend direction.

Common Types: Simple Moving Average (SMA), Exponential Moving Average (EMA).

Scalping Use: Short MAs (e.g., 5 EMA and 20 EMA) to identify entry/exit points.

2. Bollinger Bands

Purpose: Measures volatility and overbought/oversold conditions.

Scalping Use: Price bouncing off the outer bands signals entry points.

3. Stochastic Oscillator

Purpose: Shows momentum and overbought/oversold zones.

Scalping Use: Buy in oversold areas; sell in overbought zones.

4. Relative Strength Index (RSI)

Purpose: Measures the strength of price movements.

Scalping Use: 5-period RSI for quick signals.

5. Price Action and Candlestick Patterns

Purpose: Provides insight into market sentiment.

Scalping Use: Pin bars, engulfing candles, and dojis at support/resistance.

6. Step-by-Step Scalping Strategy

Trading Pair Selection

Focus on major pairs like EUR/USD, GBP/USD, USD/JPY due to high liquidity and low spreads.

Timeframes

Use 1-minute (M1) and 5-minute (M5) charts for scalping.

Analyze trends using a higher timeframe (M15 or M30).

Step-by-Step Strategy: 5 EMA + 20 EMA + Stochastic RSI

Indicators Setup:

5-period EMA (fast line)

20-period EMA (slow line)

Stochastic RSI (14, 3, 3)

Entry Rules:

Buy Setup:

5 EMA crosses above 20 EMA (bullish crossover).

Stochastic RSI below 20 and starting to curve upward.

Price pulls back slightly toward EMAs (not far from crossover).

Candlestick pattern confirming reversal (e.g., bullish engulfing).

Sell Setup:

5 EMA crosses below 20 EMA (bearish crossover).

Stochastic RSI above 80 and starting to curve downward.

Price pulls back to EMAs.

Candlestick pattern confirming bearish move (e.g., bearish pin bar).

Exit Rules:

Take Profit: 5–10 pips (based on volatility and spread).

Stop Loss: 3–5 pips below/above entry candle or recent support/resistance.

Risk-Reward Ratio: Aim for at least 1:1; ideally 2:1.

Best Times to Trade:

London Open (8:00 AM GMT)

New York Open (1:00 PM GMT)

Avoid low liquidity times (late Asian session or before major news events).

7. Risk Management in Scalping

Scalping requires a strict risk management plan because the frequency of trades can amplify losses.

1. Position Sizing

Never risk more than 1% of your account per trade.

Use a position size calculator based on stop-loss distance.

2. Limit Daily Losses

Set a daily stop-loss limit, such as 3% of your account balance. Walk away after hitting it.

3. Avoid Overtrading

Limit your trades per day (e.g., max 5–10 quality setups).

Quality > Quantity.

4. Use a Journal

Record every trade: entry, exit, reason, result, emotion.

Helps you analyze patterns and improve over time.

8. Psychology of a Scalper

1. Emotional Control

Stay calm under pressure. Avoid revenge trading.

Accept losses as part of the game.

2. Patience and Discipline

Wait for your setup. Don’t force trades.

Stick to your strategy. Don’t chase the market.

3. Confidence Through Practice

Use a demo account to refine your strategy.

Backtest with historical data.

4. Speed and Focus

Be decisive, but not impulsive.

Avoid distractions during trading hours.

9. Common Mistakes to Avoid

1. Trading Without a Plan

Scalping without rules is gambling. Always follow a tested strategy.

2. Using High Leverage

High leverage can wipe out your account in minutes.

Use conservative leverage (e.g., 1:10 or 1:20 for beginners).

3. Ignoring News Events

Unexpected news can spike volatility.

Always check the economic calendar.

4. Trading Low-Liquidity Pairs

Wider spreads = harder to make profits.

Stick to majors with tight spreads.

5. Holding Trades Too Long

Scalping = quick in, quick out.

Don’t turn scalps into swing trades if price moves against you.

10. Conclusion

Forex scalping can be a rewarding strategy for traders who are disciplined, focused, and patient. For beginners, it offers an exciting way to learn about market movements and build trading experience quickly. However, it demands a solid understanding of the market, risk management, and the right psychological mindset.

Key Takeaways:

Start with a demo account to master your strategy.

Choose a reliable broker with low spreads and fast execution.

Use technical indicators like EMA, Stochastic RSI, and candlestick patterns.

Practice strict risk management and never trade based on emotion.

Constantly review and improve your strategy using a trade journal.

Bonus Tip: Simple Scalping Checklist

Before entering a trade, ask yourself:

Is the market in a trend or range?

Are EMAs giving a clear crossover signal?

Is the stochastic in an overbought/oversold zone?

Is there a confirming price action signal?

Are you within the high-volume trading hours?

Have you set your stop-loss and take-profit?

https://secretindicator.com/product/forex-gold-m5-non-repaint-mt4-indicator/

[tradewill1]

Swing Trading Techniques: How to Capture Big Market Moves

forex trading app is the sweet spot between fast-paced day trading and long-term investing. It’s perfect for traders who want to capture big market moves by holding positions for a few days to several weeks, instead of minutes or years. The strategy is simple in theory: Make profit from market “swings” or fluctuations. This means buying near support (when prices dip) and selling near resistance (when prices peak) as trends shift.

What makes swing trading so appealing? It’s flexible, less stressful than day trading, and more active than just buying and holding stocks.

By combining technical analysis with defined entry and exit rules, swing trading offers an accessible way for swing trading for beginners and intermediate retail traders alike to participate in markets without constant screen time.

Understanding Swing Trading

Swing trading is a strategy that uses technical analysis to spot price patterns, momentum changes, and support/resistance levels that show potential buy and sell points over days or weeks. Typical holding periods range from two days up to several weeks, targeting moves that are too large for scalpers but too short for position trading.

Tools like candlestick patterns, oscillators (like RSI), moving averages, and chart patterns—like breakouts or consolidations—help confirm setups in stocks, forex, commodities, and crypto markets, all of which have the volatility needed for this style.

Example: Let’s say you see ABC Corp. trading at $50, forming a clear support level with a rising 20-day moving average. You buy in at $51 and set a stop-loss at $48. A week later, the stock goes up to $60, hitting a short-term resistance zone. You sell, making a $9 profit per share—about a 17.6% gain in just seven days.

Reversal trading anticipates complete turns in market direction, using indicators like RSI or MACD indicator divergences and candlestick patterns (like hammers or engulfing patterns). Traders get in once they see a reversal signal confirmed (e.g., bullish divergence on RSI plus a strong bullish candle).

Essential Tools and Indicators for Swing Trading

Swing traders use a bunch of forex trading platforms to find high-probability setups and confirm when to enter or exit.

Moving averages help smooth out price data to spot trends and dynamic support/resistance levels. The Simple Moving Average (SMA) calculates the average closing price over a certain time (like 50 or 200 days), while the Exponential Moving Average (EMA) focuses on more recent prices for quicker reactions. Traders often look for crossovers (like the 50-day EMA crossing above the 200-day EMA, also known as the "Golden Cross") to spot trend reversals or confirm breakouts.

Relative Strength Index (RSI)

The RSI indicator measures momentum on a scale from 0 to 100, showing when something is overbought (>70) or oversold (<30). Using RSI with MACD helps confirm reversals because they look at momentum in different ways.

MACD

The Moving Average Convergence Divergence (MACD) shows the difference between two EMAs (usually 12- and 26-period) and signals crossovers to indicate when trends are shifting.

Bollinger Bands

Bollinger Bands consist of a middle SMA and upper/lower bands set two standard deviations away from the SMA.

In January 2025, UAL set up for a reversal at its 50-day EMA and broke out with above-average volume. You could enter at $38 with a stop-loss at $36.50 and take profits in stages, like selling a quarter at +2% and another quarter at +10%, which helped cushion you before earnings. Even though the stock dipped after a good report, this method secured a net gain of about 7.8% by selling into strength and locking in profits before the market got shaky.

In late 2024, GEV bounced back to its 21-day moving average after the GE spin-off, leading to a long entry at $345 with a stop at $338. However, a sell-off in the sector triggered the stop the next day, resulting in a 2% loss. A partial re-entry when strength returned saw selling near $350 before hitting resistance, which helped avoid bigger losses when the overall energy sector took a hit.

Lesson Learned: Always check the strength of related indices and sector trends before re-entering, since broader market weakness can mess up even good setups.

Tips for Successful Swing Trading

Implement the following swing trading best practices to improve consistency and performance.

Develop and Follow a Trading Plan: Define setups, risk rules, and review criteria before entry.

Maintain a Trading Journal: Record setups, emotions, and outcomes to identify strengths/weaknesses.

Use Multiple Time Frames: Use a higher time frame (daily) for trend direction and a lower one (4-hour) for precise entries.

Stay Updated: Monitor economic calendars for events that can trigger volatility.

Avoid Emotional Decisions: Follow your plan; don’t chase losses or overtrade.

[ailtraai]

Decoding Crypto Charts: Key Strategies for Understanding Price Action and Market Trends

Understanding Crypto Charts

Crypto charts are graphical representations of the price movements of cryptocurrencies over time. They come in various forms, including line charts, bar charts, and candlestick charts, each offering unique insights.

Line Charts

Line charts are the simplest form of price charts, plotting a line from one closing price to the next. This type of chart is useful for getting a quick overview of the general trend over a specific period. However, it lacks detailed information about intra-period price movements, such as highs, lows, and opening prices.

Bar Charts

Bar charts provide more detail than line charts by showing the opening, closing, high, and low prices for each period. Each bar represents one time period (e.g., one hour, one day), with a vertical line showing the range from the lowest to the highest price. The left horizontal tick shows the opening price, and the right tick shows the closing price.

Candlestick Charts

Candlestick charts are similar to bar charts but provide a more visually intuitive representation of price movements. Each candlestick shows the opening, closing, high, and low prices for a period, with the body of the candlestick colored to indicate whether the price closed higher (typically green or white) or lower (typically red or black) than it opened. Candlestick patterns can reveal market sentiment and potential reversals, making them a favorite among traders.

Deciphering Price Action

Price action refers to the movement of an asset’s price over time. Understanding price action is crucial for identifying trends, potential reversals, and entry and exit points.

Trends

A trend is the general direction in which the price of an asset is moving. There are three types of trends: uptrend, downtrend, and sideways (or horizontal) trend.

Uptrend: Characterized by higher highs and higher lows. It indicates a bullish market sentiment.

Downtrend: Characterized by lower highs and lower lows, signaling a bearish market sentiment.

Sideways Trend: The price moves within a horizontal range, indicating indecision in the market.

Support and Resistance

Support and resistance levels are key concepts in technical analysis. Support is a price level where a downtrend can be expected to pause due to a concentration of buying interest. Resistance is a price level where an uptrend can pause due to a concentration of selling interest.

Support Level: When the price drops to a support level, it tends to bounce back up.

Resistance Level: When the price rises to a resistance level, it tends to fall back down.

Chart Patterns

Chart patterns are formations created by the price movements on a chart and can signal potential future price movements. Some common patterns include:

Head and Shoulders: A reversal pattern that can signal a change from an uptrend to a downtrend or vice versa.

Triangles: These can be continuation patterns (ascending, descending, or symmetrical) indicating that the price is likely to continue in the same direction after a brief consolidation.

Double Tops and Bottoms: Reversal patterns that indicate a change in the trend direction.

Indicators and Tools

To enhance the analysis of crypto charts, traders use various technical indicators and tools. These can provide additional insights into market dynamics and help predict future price movements.

Moving Averages

Moving averages smooth out price data to create a single flowing line that makes it easier to identify the direction of the trend. There are two main types:

Simple Moving Average (SMA): The average price over a specific number of periods.

Exponential Moving Average (EMA): Gives more weight to recent prices, making it more responsive to new information.

Relative Strength Index (RSI)

The RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought or oversold conditions:

Above 70: The asset is considered overbought and may be due for a correction.

Below 30: The asset is considered oversold and may be due for a bounce.

Moving Average Convergence Divergence (MACD)

The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. It consists of the MACD line, the signal line, and the histogram:

MACD Line: The difference between the 12-day and 26-day EMAs.

Signal Line: The 9-day EMA of the MACD line.

Histogram: The difference between the MACD line and the signal line.

Bollinger Bands

Bollinger Bands consist of a middle band (SMA) and two outer bands (standard deviations away from the middle band). They provide a relative definition of high and low prices:

Upper Band: Indicates potential overbought conditions.

Lower Band: Indicates potential oversold conditions.

Market Dynamics

Understanding market dynamics involves looking beyond the charts to consider factors that drive price movements. This includes market sentiment, news, and macroeconomic factors.

Market Sentiment

Market sentiment refers to the overall attitude of investors toward a particular asset or financial market. Sentiment analysis can be gauged through various means, such as social media trends, trading volumes, and market news.

Bullish Sentiment: Indicates optimism and expectation of rising prices.

Bearish Sentiment: Indicates pessimism and expectation of falling prices.

News and Events

Cryptocurrency prices can be highly sensitive to news and events. Major announcements, regulatory changes, technological advancements, or significant partnerships can lead to rapid price movements. Staying informed about the latest developments is crucial for making timely trading decisions.

Macroeconomic Factors

Broader economic factors can also influence cryptocurrency prices. These include:

Inflation Rates: High inflation can lead to increased interest in cryptocurrencies as a hedge against fiat currency devaluation.

Monetary Policy: Central bank policies, such as interest rate changes, can impact investor sentiment and liquidity.

Geopolitical Events: Political stability and international relations can affect market confidence and investment flows.

Combining Analysis for Strategic Trading

Successful trading often involves combining technical analysis with an understanding of market dynamics. Here are a few strategies to consider:

Trend Following

This strategy involves identifying the direction of the prevailing trend and making trades that align with that direction. Tools like moving averages and trend lines are commonly used to confirm trends.

Breakout Trading

Breakout traders look for price levels where the asset has struggled to move beyond (support and resistance levels) and place trades when the price breaks through these levels. This can indicate the start of a new trend.

Mean Reversion

Conclusion

Navigating the complex world of cryptocurrency trading requires a solid understanding of crypto charts, price action, and market dynamics. By mastering these elements, traders can make more informed decisions and improve their chances of success. At Ailtra, we are dedicated to equipping you with the knowledge and tools you need to thrive in this dynamic market. Whether you’re a novice trader or a seasoned professional, understanding the intricacies of crypto charts and market behavior is essential for maximizing your trading potential. Stay informed, stay strategic, and let Ailtra be your guide in the exciting world of cryptocurrency trading.

[ailtrahq]

Iron Mountain Inc. (NYSE: IRM) stock price is trading close to the breakout region near the 20-day EMA, suggesting that buyers are interested. Moreover, the IRM price action shows that bulls are gaining traction and are looking to surpass the immediate hurdle of $70. However, sellers have a strong grip, which is confirmed by the inverted hammer candlestick. This pattern shows that buyers tried to close the candle above $70, but due to strong selling pressure, buyers faced rejection and closed below it. Nevertheless, the IRM stock chart structure implies bullishness and follow-on buying was noted in the past sessions. IRM share price is trading above the cluster of $50 and beyond the significant moving averages, showing the bulls’ dominance. Moreover, the rising channel pattern was witnessed. Long buildup activity was noted, suggesting a short-term rise to $80 can be anticipated soon. At press time, IRM stock price is trading at $61.89 with an intraday gain of 0.29%, showing neutral moves in the last trading session. Moreover, the trading volume increased by 0.67% to 1.398 Million, and the market cap is $18.063 Billion. Furthermore, analysts maintained a neutral rating with a yearly target price of $68.86, suggesting a solid growth outlook for the following sessions. Iron Mountain, Inc. engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records and Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business, and Corporate and Other Business. The North American Records & Information Management Business segment offers record management, destruction, and fulfillment services throughout the U.S. and Canada.  IRM Stock Rising Momentum on Daily Charts Source: IRM Stock Price Chart At TradingView On the daily charts, IRM stock price is inside the rising parallel channel, forming higher highs over the past sessions. Furthermore, the price trades is in bull trajectory, above the key moving averages, signifying the bulls’ strength on the charts. The RSI curve has stayed near neutrality, showing a bullish divergence. A bounce beyond $70 can be anticipated in the upcoming sessions. The MACD indicator showed a bearish crossover with red bars on the histogram, suggesting a positive outlook for the following sessions. Summary  IRM stock (NYSE: IRM) price is in the bull territory and suggests that bulls are looking to escape the primary hurdle of $70 and are willing to reach the upside near $80. Moreover, the chart structure looks favorable for the bulls. Technicals suggest that the rally will continue, and IRM stock may reach $100 soon. Technical Levels Support Levels:$50 and $35 Resistance Levels: $70 and $80 Source

[crynotifier]

Bitcoin Price Prediction as BTC Bounces Off $25,000 Support – Here are Key Levels to Watch

Bitcoin Price Prediction as BTC Bounces Off $25,000 Support – Here are Key Levels to Watch

In the dynamic realm of cryptocurrency, Bitcoin (BTC) continues to capture attention as it showcases a rise of over 0.50%, reaching $26,133 on Sunday. Notably, the support at $26,000 appears to have effectively prevented further losses for the cryptocurrency.

Furthermore, the prominent entity MicroStrategy is contending with substantial unrealized losses amounting to $600 million due to the recent slumping of the Bitcoin price.

MicroStrategy Sees Significant Losses as Bitcoin’s Value Drops

MicroStrategy Inc, the main company holding Bitcoin, suffered a significant setback with over $600 million in unrealized losses due to the recent price drop to around $25,000.

The software company invested $4.5 billion to acquire over 150,000 Bitcoins, resulting in an average cost of around $29,970 per Bitcoin. 

This price drop of 11% in three days from the August 16 peak of over $29,000 marks MicroStrategy’s first bout of red in Bitcoin holdings since June.

Despite these losses, the company, led by its ardent proponent of Bitcoin, Michael Saylor, remains steadfast in its conviction.

Saylor, who champions Bitcoin as “digital gold,” guides the firm’s acquisition strategy and reiterates the decision to retain their holdings. 

MicroStrategy’s stock (MSTR) reflects a year-to-date gain of 132%, although it has faced a 14.49% dip in the past five days, according to Tradingview data. 

Concurrently, the broader market trend shows a decline in Bitcoin holders’ profit by over 10%, accompanied by a drop in Bitcoin’s value, reducing the percentage of profitable supply from 73% to 60% in a week, as per Glassnode’s data.

MicroStrategy Inc’s sizable unrealized losses from the Bitcoin price decline could introduce a note of caution among investors, possibly amplifying market volatility and impacting Bitcoin’s valuation dynamics in the near term.

US Dollar Index – Source: Tradingview

The US Dollar Index (DXY), which measures the value of the greenback against a basket of six major currencies, was down by 0.13% at the end of the week. 

This bearish USD may have contributed to the improved movement of BTC/USD on the weekend.

Bitcoin Price Prediction 

In recent times, Bitcoin’s technical landscape has been marked by significant activity following its drop below the $29,000 level on August 6th. Presently trading around $25,800, the cryptocurrency has experienced substantial decline. 

Analyzing the four-hour timeframe, Bitcoin has shown patterns of “Three Black Crows” candlesticks, indicating a strong bearish sentiment in the market. 

The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) oscillators have entered the oversold region, highlighting the prevailing bearish dominance. 

Bitcoin Price Chart – Source: Tradingview

The 50-day Exponential Moving Average (EMA) around $27,300 has been influential, with recent candle closures confirming sustained bearish momentum.

The immediate resistance is at $26,200, but a bearish engulfing candlestick and two-day candle pattern below this level suggest ongoing bearish pressure. If this trend continues, Bitcoin may decline to $25,600, possibly even reaching $25,200. 

However, surpassing the $26,200 level could lead to targeting the resistance at $26,800, and further gains might push BTC’s price toward $27,300 and eventually $27,600. 

Conversely, a fall below $25,200 could indicate the potential for deeper losses, possibly reaching as low as $24,800. 

Top 15 Cryptocurrencies to Watch in 2023

Discover the latest initial coin offering (ICO) projects and alternative cryptocurrencies by regularly browsing our thoughtfully selected collection of the top 15 digital assets to keep an eye on in 2023. 

This carefully curated list has been compiled by industry experts from Industry Talk and Cryptonews, providing you with professional recommendations and valuable insights. 

Keep up with the rapidly evolving world of digital assets and stay ahead of the game by exploring the potential of these cryptocurrencies.

Find The Best Price to Buy/Sell Cryptocurrency

Cryptocurrency Price Tracker – Source: Cryptonews

Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication – cryptocurrencies are highly volatile investments with considerable risk, always do your own research.

The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

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[coinnewz]

XRP price can fall 40% by September — Fractal analysis

The double-digit percentage gains for XRP (XRP) this month may have reached an exhaustion point, reflecting the trends elsewhere in the cryptocurrency market. This follows the euphoria surrounding Ripple’s partial win against the United States Securities and Exchange Commission, resulting in bullish calls for as high as $15 in the coming months. $15 is reasonable I believe over 18 months or so. If they IPO and time it correctly, could be up to $35 imo. Make no mistake… it may not go that high… but $XRP IS breaking an all time high this cycle save some sort of pointless, vindictive SEC appeal. (Low chance) https://t.co/rrMCuOacrE — Ben Armstrong (@Bitboy_Crypto) July 19, 2023 Nonetheless, fractal analysis of XRP’s recent candlestick and price momentum patterns hints that a sharp market correction is not off the table, particularly if history repeats. XRP price fractal preceded 65% decline Notably, certain XRP market signals preceded a 65% price decline in Q2 2021. These are now flashing again, namely the multiyear descending trendline resistance and an “overbought” relative strength index (RSI), as illustrated below. XRP/USD weekly price chart. Source: TradingView The descending trendline resistance (marked as “upper trendline resistance” in the chart above) has limited XRP’s upside since January 2018. This price ceiling is helped by another horizontal trendline resistance (purple) near $0.93. Overall, the resistance confluence, coupled with an overbought RSI, now raises XRP’s risks of a market correction. In this case, XRP price will likely fall toward the lower trendline support near $0.52 by September, down almost 40% from current price levels. Related: Chair Gensler says SEC reaction to Ripple decision is mixed, still under consideration Interestingly, the downside target appears closer to XRP’s 50-week exponential moving average (50-week EMA; the red wave), which raises the possibility of a bounce around this level. Moreover, the wave support was the local bottom level during the price decline in Q2 2021. As of July 20, Ripple price is up 70% month-to-date, outperforming the broader crypto market, which rose only 5% in the same period. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Source link Read the full article

[news247planet]

#Analysis #Price #NFL USD/JPY Worth Evaluation: Bounces off weekly lows, additional upside above 140.00 https://news247planet.com/?p=275697

[your-dietician]

Nvidia Stock Spikes Higher In This Bearish Trend: What To Watch For Next - NVIDIA (NASDAQ:NVDA)

New Post has been published on https://medianwire.com/nvidia-stock-spikes-higher-in-this-bearish-trend-what-to-watch-for-next-nvidia-nasdaqnvda/

Nvidia Stock Spikes Higher In This Bearish Trend: What To Watch For Next - NVIDIA (NASDAQ:NVDA)

NVIDIA Corporation NVDA was bouncing about 3.5% on Thursday, in tandem with the S&P 500, which was surging almost 2% higher off Wednesday’s closing price and almost 5% off Thursday’s open.

The Labor Department reported an 8.2% year-over-year increase in the consumer price index for September, which caused many stocks to gap down Thursday. However, bearish volume came into the S&P 500 intraday, causing the market to spike higher.

Newegg Commerce Inc. NEGG announced that Nvidia’s NVIDIA GeForce RTX 4090 graphics cards are now available at its online store. The new graphic card delivers up to four times the performance of the previous version and are powered by the new NVIDIA Ada Lovelace architecture.

Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial.

The news caused a relief bounce in Nvidia’s stock, which has been weighed down heavily recently following the U.S. government’s decision to place restrictions on exports of some high-end chips to China.

On Tuesday, Citigroup analyst Atif Malik maintained a Buy rating on Nvidia and lowered the price target from $248 to $210.

The Nvidia Chart: Nvidia has been trading in a downtrend since Aug. 16, with the most recent lower low formed at the $112.43 on Tuesday and the most recent confirmed lower high printed on Oct. 6 at $136.56. On Thursday, Nvidia was spiking higher but not enough to negate the downtrend with the formation of a higher high.

If Nvidia closes the trading day near its high-of-day price, the stock will print a bullish engulfing candlestick, which could indicate higher prices will come again on Friday. If that happens, bullish traders will want to see Nvidia regain the eight-day exponential moving average (EMA) and trade up toward the 21-day EMA.

If Nvidia closes the trading day with a significant upper wick, lower prices may come on Friday, which could suggest that the next lower high within the downtrend has occurred. The second most likely scenario in that case is that Nvidia will print an inside bar pattern on Friday to consolidate Thursday’s move higher.

There’s a gap that exists on Nivida’s chart between $145.47 and $149.59. Gaps on charts fill about 90% of the time, which indicates Nvidia will eventually trade up to fill the empty trading range, although it could be a long period of time before that happens.

Nvidia has resistance above at $119.46 and $125.86 and support below at $108.50 and at the psychologically important $100 mark.

See Also: Looking To Profit From Bounce In Semiconductor Stocks, AMD, Nvidia? This ETF Offers 3x Leverage

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[trustpr]

Screener 20 day ema crossing 200 ema

#SCREENER 20 DAY EMA CROSSING 200 EMA HOW TO#

Futures - crossover - Observe price crossing above ema or sma for the last 8/9 days.50 days ema/sma below 200 days ema/sma - Observe price crossing above ema or sma for the last 8/9 days. Price crossing above ema or sma for the last 8/9 days.Copy-g-good-stocks - Observe price crossing above ema or sma for the last 8/9 days.50 days ema/sma below 200 days ema/sma near to cross Nifty 100 near crossover 50/200 - Observe price crossing above ema or sma for the last 8/9 days.Pre-bull test-1 - Observe price crossing above ema or sma for the last 8/9 days.Pv's long watchlist observe ema for last 8 days with last 5 minute 15 x 50 above - Observe price crossing above ema or sma for the last 8/9 days. Technical & Fundamental stock screener, scan stocks based on rsi, pe, macd, breakouts, divergence, growth, book vlaue, market cap, dividend yield etc.Bullish Moving Average Crossover (20 DMA / 100 DMA). Good stocks - Observe price crossing above ema or sma for the last 8/9 days. Todays Volume VS 90 Day Average, 16.27 times 90 day average.Bottom out stocks - Observe price crossing above ema or sma for the last 8/9 days.Pre-bull market (9.10am) - Observe price crossing above ema or sma for the last 8/9 days.Nd good buy bets cross ema or sma - Observe price crossing above ema or sma for the last 8/9 days. Finds stocks trading today with current volume at least 30 higher than the one month average intraday volume, and with the 20-Day EMA crossing beow the 200-Day.50 days ema/sma below 200 days ema/sma - volume As of July 8, 2020, it was still above the 21-day exponential moving average, marking a new closing high at 124.46. Evening star candlestick pattern Bearish. Price vol - Observe price crossing above ema or sma for the last 8/9 days. Golden cross scan Stocks where the 50 simple moving average(sma) has crossed above the 200 simple moving average.Last-8-days-with-last-5-minute-15-x-50-above - Observe price crossing above ema or sma for the last 8/9 days.latest is greater than max volume of last 20 days. 01jan2018-19:observe price crossing above ema or sma for the last 8/9 days - 01jan2018-19:observe price crossing above ema or sma for the last 8/9 days 2) Stocks May Bounce from 200 EMA Condition - Latest Low is &lt 200 EMA.Good stock for long term - Observe price crossing above ema or sma for the last 8/9 days.if it gets you out during a pullback in a strong uptrend with profit, you can always get back in once price moves back higher. (of course price is the same as a moving avg of 1 period)ĭ. I suggest keeping the entry moving avg crossover as it is but use shorter term mov avg crossovers for your exits to include trying price only crossing below a shorter moving avg. The first step is to set the chart with the 200. Also, if you are able to spot major market movements, 200 EMA will help you execute positions based on large swings. The basic trend principle to remember is to buy low and sell high. 20 ema cross 200 ema Technical & Fundamental stock screener, scan stocks based on rsi, pe, macd, breakouts, divergence, growth, book vlaue, market cap. Death crosses are bearish reversal patterns when the 50 MA crosses below the 200 day MA. It’s when the 50 moving average crosses above the 200 day. A golden cross is a good long term bullish trend reversal. If you are trying to improve results for the Yahoo finance 13/48 crossover system( especially since it is only profitable 45% of the time while keeping your funds tied up 62% of the time) The 200 EMA is a long-term indicator, which means it will help you identify and trade with the long-term trend. The moving average crossover of the 9 ema and the 20 ema is one of the best short term trend reversals. Or you could use the SF filter phrases "crossed above/below" to find your crossoversĬ. What were looking for are all those stocks where the 20-day moving average is crossing. If you meant to replicate that Yahoo finance article with your posted filter then I believe you need to get rid of the 200 day moving avg line and also hange the following lineĪnd EMA(13) 1 day ago was below EMA(48) 1 day ago Now lets build up a scan number 2, which is moving average crossover. 2:35:33 You could add an SF MACD indicator to your filter that is based on 13,48,5 instead of the default 12,26,9 as the MACD line is basically a moving avg crossover indicator itself.ī. Is this supposed to be a long filter because I think it makes a better short filter.

#SCREENER 20 DAY EMA CROSSING 200 EMA HOW TO#

I am fairly new at StockFethcher and trading in general, if anyone has any comments on how to improve the screener I would love to hear them. Show stocks where EMA(13) is above EMA(48)Īnd EMA(13) 5 day ago was below EMA(48) 5 day ago for the last 10 days Here is a filter I put together after reading an article on Yahoo Finance about using a EMA(13)/EMA(48.5) crossover as a buy and sell signal.

[bitcofun]

Welcome to this weekly series from the TradeRoom My name is Dave and I'm the creator of The Crypto Den, an Australian-based crypto trading and education neighborhood intending to offer you the understanding to take your trading video game to the next level. Crypto Market Outlook BTC lastly retested the all-time high from 2017 and from here it's extremely easy: we either validate a brand-new flooring or break through it to US$12,000 BTC weekly chart For the US$20,000 level to be validated as the bottom, it takes more than simply a couple of candle lights. We require to see strong market structure with volume behind it. This will take a little time for the marketplace to produce, and might take days and even weeks. Once once again, nevertheless, my viewpoint is we have more red to come (sorry! I understand it's been 6 months of bearish predisposition!). That stated, we might see a relief rally to around US$28,000 and need to that occur I prepare to contribute to my brief position and possibly we go to US$12,000 If we do not get a pullback in PA, then I'll continue to ride my open shorts. BTC trade action strategy I still quite think the whole bear flag I discussed on April 11 will play out to completion at minimum. And attempt I state we might even go even more if the world financial environment does not see a large modification in the coming months. How does purchasing BTC at US$ 6,000 noise? Image from Apr 11 post Current BTC 3D chart Even if we focus on the 1H charts for our day traders, we see a failure to break and hold above 100 EMA confluent with the peak of a 1H increasing wedge (bearish candlestick pattern). This Week's Trades Because I still have a bearish outlook on the marketplace, going into long trades or purchase orders on ALT coins is high-risk and temporary. Rather, what I'm looking for is ALTs that have actually seen a considerable pump and in turn yield greater portion gains if the market discards once again. Keep in mind, you can still make major ROI in a downtrending market. Setups comparable to the listed below chart of SNX is what I'm searching for-- a clear retest and rejection from a brand-new level of resistance (formerly assistance). There are a couple of ALT setups like this currently in play. To get in prior to BTC chooses if it'll dead-cat bounce has greater danger and much more aggressive entries. Finest practice would be to "wait and see". If BTC draws back-- discover entries. If BTC does not-- not do anything. Introducing TCD's New Social Platform The Crypto Den now has a FREE purpose-built social platform to share financial investment concepts, trade chat, get in touch with similar individuals, share information and more, without the censorship of Facebook. The platform is created for those more concentrated on the investment/profitable side of the crypto world. The Crypto Den was developed in 2017 to assist the quickly growing crypto neighborhood find out and comprehend the basics of digital currencies and how to trade them. Since then we have actually taught countless members the essentials of technical analysis and trading methods to additional development and best their trading capabilities. In the TradeRoom, you will be consisted of in a helpful environment which motivates individual development, education and neighborhood assistance. It's a location to share your trading concepts and follow other skilled traders' feeds to assist keep your finger on the pulse of such an unstable market! Crypto News Market Analysis The Crypto Den Disclaimer: The material and views revealed in the posts are those of the initial authors own and are not always the views of Crypto News. We do actively examine all our material for precision to assist safeguard our readers. This short article material and links to external third-parties is consisted of for details and home entertainment functions. It is not monetary guidance. Please do your own research study prior to taking part. Read

[primorcoin]

New Post has been published on https://primorcoin.com/btc-eth-bnb-xrp-ada-sol-doge-dot-avax-shib/

BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Bitcoin (BTC) rebounded sharply after dropping near its realized price of $24,000 on May 12, suggesting some bulls went against the herd and bought the dip. According to on-chain analytics platform CryptoQuant, the exchange balances declined by more than 24,335 Bitcoin on May 11 and 12, indicating that bulls may have started bottom fishing.

However, macro investor Raoul Pal is not confident that a bottom has been made. In an exclusive interview with Cointelegraph, Pal said that if equity markets witness a capitulation phase, crypto markets are also likely to plunge before forming a bottom. He anticipates the current bear phase to end after the United States Federal Reserve stops hiking rates.

Daily cryptocurrency market performance. Source: Coin360

Bear markets are known for sharp relief rallies, which are used to lighten up long positions or initiate short positions. The price eventually turns down and makes a new low. Bottoms are only confirmed in hindsight. Therefore, investors may consider accumulating in phases rather than going all-in during a bear market.

Right now, investors want to know what important overhead levels that may act as resistance. Let’s study the charts of the top-10 cryptocurrencies to find out.

BTC/USDT

Bitcoin bounced off $26,700 on May 12 and formed a Doji candlestick pattern. This suggests that the selling pressure could be reducing. The recovery picked up steam on May 13 and bulls pushed the price above the psychological level at $30,000.

BTC/USDT daily chart. Source: TradingView

The relief rally may face resistance near $33,000 and again at the 20-day exponential moving average (EMA) ($34,903). If the price turns down from the overhead resistance, the bears will make another attempt to sink the BTC/USDT pair below $26,700 and resume the downtrend.

If they manage to do that, the selling could accelerate and the pair may drop to $25,000 and later to $21,800.

Contrary to this assumption, if bulls arrest the next decline above $28,805, it will suggest accumulation on dips. That could enhance the prospects of a break above the 20-day EMA. If that happens, the pair may rally to the 50-day simple moving average (SMA) ($40,210).

ETH/USDT

Ether (ETH) broke below the $2,159 support on May 11 and later slipped below the psychological level at $2,000 on May 12. The bulls bought the dip to $1,800, which has started a relief rally.

ETH/USDT daily chart. Source: TradingView

The buyers will now attempt to push the price above the breakdown level at $2,159. If they succeed, the ETH/USDT pair could pick up momentum and rally to the 20-day EMA ($2,554). This is an important level to keep an eye on because a break and close above it will suggest that the decline may be over.

Contrary to this assumption, if the price turns down from the current level or the 20-day EMA, it will suggest that the sentiment remains negative and traders are selling near overhead resistance levels. The bears will then again try to sink the pair below $1,700.

BNB/USDT

BNB fell sharply on May 12 but the long tail on the day’s candlestick shows that bulls aggressively defended the critical support at $211. This started a relief rally that has reached the $350 to $320 resistance zone.

BNB/USDT daily chart. Source: TradingView

If bulls drive the price above $350, it will suggest that the decline may be over. The recovery could thereafter reach $413. Such a move could indicate that the BNB/USDT pair may remain stuck inside a large range between $211 and $692.

Contrary to this assumption, if the price turns down from the overhead resistance zone, it will suggest that bears are active at higher levels. The price could then gradually drift down to the crucial support at $211. The bears will have to sink the price below this level to start a new downtrend that may reach $175 and later $150.

XRP/USDT

Ripple (XRP) nosedived to $0.33 on May 12 when buying emerged. The bulls are attempting a recovery that is likely to face stiff resistance at the psychological level at $0.50.

XRP/USDT daily chart. Source: TradingView

If the price turns down from $0.50, the bears will again attempt to pull the XRP/USDT pair to $0.33. This is an important level for the bulls to defend because a break below it could result in a decline to $0.24.

Conversely, if buyers propel the price above $0.50, the pair could rally to the 20-day EMA ($0.56). A break and close above this level will suggest that the bulls are back in the game. The pair could then rise to the 50-day SMA ($0.70).

ADA/USDT

Cardano (ADA) plunged to $0.40 on May 12, which pulled the RSI into the deeply oversold territory. The buyers bought this dip and are attempting to start a relief rally.

ADA/USDT daily chart. Source: TradingView

The ADA/USDT pair could rise to the breakdown level at $0.74, which is an important level to keep an eye on. If the price turns down from this resistance, it will suggest that the bears have not yet given up and they are selling on rallies. The pair could then retest the strong support at $0.40.

Contrary to this assumption, if bulls propel the price above $0.74, it will indicate that the bears may be losing their grip. The pair could then rally to the psychological level at $1 where the bears are again expected to mount a strong defense.

SOL/USDT

Solana (SOL) has been in a strong downtrend for the past few days. The price dipped to $37 on May 12, which pulled the RSI deep into the oversold territory. This started a relief rally on May 13.

SOL/USDT daily chart. Source: TradingView

The bulls are likely to encounter selling in the zone between the 38.2% Fibonacci retracement level at $59 and the 50% retracement level at $66. If the price turns down from this zone, the bears will attempt to resume the downtrend by pulling the pair below $37. If they can pull it off, the SOL/USDT pair could drop to $32.

Contrary to this assumption, if the price breaks above $66, the recovery could extend to the breakdown level at $75. The bulls will have to overcome this barrier to signal that the downtrend may be coming to an end.

DOGE/USDT

Dogecoin (DOGE) plummeted to $0.06 on May 12 but a minor positive is that the bulls purchased this dip. This started a relief rally which reached near the breakdown level at $0.10.

DOGE/USDT daily chart. Source: TradingView

The long wick on the May 13 candlestick indicates that the bears are defending the $10 level aggressively. If the price turns down from this resistance, the bears will attempt to resume the downtrend by pulling the DOGE/USDT pair below $0.06. If they manage to do that, the next stop could be $0.04.

Alternatively, if bulls drive the price above $0.10, the pair could rise to the 20-day EMA ($0.12). This is an important level to keep an eye on because a break and close above it could suggest the start of a stronger recovery.

Related: 3 reasons why Cardano can sink further despite ADA price bouncing 58%

DOT/USDT

Polkadot (DOT) has been in a downtrend for the past several days. The buyers stepped in to arrest the decline near the strong support at $7 on May 12 as seen from the long tail on the day’s candlestick.

DOT/USDT daily chart. Source: TradingView

The buyers will now try to sustain the price above the breakdown level at $10.37. If they succeed, the DOT/USDT pair could rise to the 20-day EMA ($13.68). This level is likely to attract strong selling by the bears. If the subsequent decline halts at $10.37, it will indicate that the downtrend may be weakening.

Conversely, if the price turns down sharply from the current level or the 20-day EMA, it will increase the possibility of a retest at $7. Below this level, the decline could extend to $5.

AVAX/USDT

Avalanche (AVAX) broke below the crucial support at $32 on May 11 and bears tried to resume the decline on May 12. However, the long tail on the day’s candlestick suggests strong buying at lower levels.

AVAX/USDT daily chart. Source: TradingView

The bulls have pushed the price above the breakdown level at $32, which is the first sign of strength. If the AVAX/USDT pair sustains above $32, the bulls will attempt to push the price to the overhead resistance at $51. The bears are likely to defend this level with vigor.

Alternatively, if the price turns down from the 38.2% Fibonacci retracement level at $41.09, it will suggest that the sentiment remains negative and bears are selling on rallies. The pair could then again retest the strong support at $32 and later $23.

SHIB/USDT

Shiba Inu (SHIB) plunged below the psychological level at $0.000010 on May 12 but the long tail on the day’s candlestick suggests buying at lower levels. This resulted in a recovery on May 13.

SHIB/USDT daily chart. Source: TradingView

The SHIB/USDT pair could rise to the breakdown level at $0.000017, which is likely to attract strong selling by the bears. If the price turns down from it, the bears will make another attempt to sink and sustain the pair below $0.000010.

Conversely, if bulls drive the price above $0.000017 and the 20-day EMA ($0.000018), it will suggest that markets have rejected the lower levels. The pair could then rally to the 50-day SMA ($0.000023).

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Market data is provided by HitBTC exchange.

Source link

#ADA #Blockchain #Cardano #Crypto #CryptoNews #DOGE #DogeCoin #DOT #Polkadot #RippleNetwork #SHIB #Shibaswap #ShibaToken #TraedndingCrypto #XRP

[stockmarketanalysis]

Complete Guide to Bullish Engulfing Candlestick: Spot and Trade Like a Pro

If you've ever stared at a candlestick chart wondering when the trend is about to flip — this guide is for you. The bullish engulfing candlestick pattern is one of the most powerful reversal signals used by price action traders. But how do you spot it correctly? And more importantly, how do you trade it without falling into false signals?

Let’s break it down, without fluff.

What Exactly Is a Bullish Engulfing Candlestick Pattern?

At its core, a bullish engulfing pattern is a two-candle formation that signals a potential shift from a downtrend to an uptrend.

The first candle is bearish (red), showing sellers are in control.

The second candle is bullish (green), and it completely engulfs the body of the first candle.

This sudden reversal indicates a shift in momentum — buyers have overpowered sellers.

📚 Introduced to Western markets by Steve Nison (author of “Japanese Candlestick Charting Techniques”).

🧠 Thomas Bulkowski’s research shows the bullish engulfing pattern has a success rate of around 63% in bull markets. (Source: ThePatternSite.com)

How to Identify a Bullish Engulfing Pattern Like a Chart Pro

Not every engulfing candle is worth trading. To avoid false positives, check these conditions:

✅ 1. Appears After a Downtrend

This pattern is a reversal signal. If the market is already trending up or sideways, it’s meaningless.

✅ 2. The Green Candle Must Fully Cover the Red

The body of the bullish candle should engulf the previous red candle — wicks don’t matter.

✅ 3. Volume Confirmation

Look for increased volume on the bullish candle. It signals genuine buyer interest.

✅ 4. Key Support Zone

Patterns near support levels, Fibonacci retracements, or round numbers carry more weight.

💡 Use charting tools like Strike Money, TradingView to spot and validate these setups.

Why Bullish Engulfing is More Than Just a Visual Pattern

You’re not just seeing candles; you're reading the psychology of the market.

Here’s what’s happening behind the scenes:

Bears dominate the market (red candle).

Buyers step in aggressively and completely absorb the selling pressure.

It’s not just a pattern — it’s a battle won by the bulls.

🧠 According to Investopedia, bullish engulfing candles are most accurate when paired with volume spikes and confirmed by technical indicators like RSI or MACD.

Real-World Example: Bullish Engulfing in Indian Markets

Let’s look at how this played out in Tata Motors (NSE: TATAMOTORS):

📅 Date: 18th April 2023 🔻 Prior Trend: 2-week downtrend 📈 Signal: A bullish engulfing formed near ₹410 (a previous support) 📊 Volume: Spiked 35% above 20-day average ✅ RSI was below 40 (oversold zone)

Outcome: Stock rallied to ₹475 in 10 trading sessions — a 15% move.

Use Strike Money’s charting tools to zoom in on such price action in Indian stocks — Nifty 50, BankNifty, or even midcaps.

How to Trade Bullish Engulfing Patterns (With Rules That Actually Work)

Spotting is one thing. Executing correctly is everything.

📍 Entry Point

Enter above the high of the bullish candle (preferably on confirmation by next candle).

🛑 Stop Loss

Set it just below the low of the engulfing candle.

🎯 Target

Look for previous resistance zones, Fibonacci levels, or a 1.5–2x risk/reward.

🧠 Bonus Tip:

Combine with indicators like:

RSI < 40 (oversold confirmation)

MACD crossover

50/200 EMA bounce

🔧 Tools: Strike Money, MetaTrader 5, TradingView

Don’t Make These Mistakes with Bullish Engulfing Patterns

This is where most retail traders fail:

❌ Trading Without Trend Context

The pattern must follow a downtrend. Don’t trade it in sideways or choppy markets.

❌ Ignoring Volume

Low volume = low conviction. Always check volume.

❌ Entering Too Early

Wait for confirmation (next candle should stay above the engulfing high).

❌ Expecting Instant Moves

Give the trade room to play out. Bullish engulfing is a signal, not a guarantee.

Let’s Talk Probability: What Does the Research Say?

According to Thomas Bulkowski’s study in Encyclopedia of Chart Patterns:

Success rate: 63% in bullish markets

Average gain: 6–8% over a few weeks

Most reliable when paired with volume and RSI confirmation

🧠 Pattern works better in higher timeframes — daily > hourly > 5-min.

Real Chart Setups in India: See It to Believe It

Here are two more bullish engulfing patterns from Indian stocks:

📍 Infosys (INFY.NS) – 7th August 2023

Downtrend for 10 days

Bullish engulfing near ₹1275 (support zone)

Volume: 2x normal

RSI: 38 Result: Stock moved to ₹1350 in 5 sessions

📍 Bank of Baroda (BANKBARODA.NS) – 2nd Feb 2024

Engulfing formed near major support at ₹168

Strong bounce with MACD crossover Result: ₹182 in 6 days — a clean +8% swing

These are not textbook examples — these are actual trades you could’ve spotted using Strike Money or TradingView charts.

Bullish Engulfing vs Other Patterns: What's Better and When?

Let’s simplify some confusion:

🔄 Bullish Engulfing vs Bearish Engulfing: Opposites. One signals upside reversal, the other downside.

🔨 Bullish Engulfing vs Hammer: Hammer is a single-candle pin-bar; not as strong without confirmation.

🌟 Bullish Engulfing vs Morning Star: Morning Star is a 3-candle formation, often seen with gaps. More reliable but less frequent.

Pro Tip: Use bullish engulfing when it aligns with broader market structure (Nifty trend, sectoral trend).

Best Timeframes to Trade Bullish Engulfing in Indian Stocks

⏱️ The pattern appears across all timeframes, but here’s what works best in India:

Daily Charts: Best for positional traders

4H / 1H: Great for swing traders

15m / 5m: For intraday only if backed by strong volume

📍 For example, if Bank Nifty is in a short-term downtrend, a bullish engulfing on the 15-minute chart near previous day’s low with strong volume could offer a quick 1:2 setup.

Use These Tools to Spot and Backtest Bullish Engulfing Patterns

Here are the best tools used by serious traders:

🔧 Strike Money: India-focused platform, built-in engulfing scanner, volume overlays, indicator support

📈 TradingView: Popular globally, excellent for drawing support/resistance

Use Strike Money to set alerts, create watchlists, and visually confirm bullish engulfing setups in NSE/BSE stocks.

FAQs: What Traders Often Ask About Bullish Engulfing

Q1: Can a bullish engulfing candle fail? Yes. Especially in sideways markets. Always wait for confirmation and combine with other signals.

Q2: Should I trade bullish engulfing without indicators? You can, but success improves dramatically when you use volume + RSI or MACD.

Q3: How reliable is bullish engulfing in Nifty 50 stocks? Quite reliable when near support zones or post pullbacks. Top sectors: Auto, IT, Banks.

Final Thoughts: Should You Add Bullish Engulfing to Your Strategy?

Absolutely — but with rules. The bullish engulfing pattern is not magic, but it is a time-tested signal when used with:

Context (support zones, downtrend)

Confirmation (next candle, volume)

Confluence (RSI, MACD, market sentiment)

Start by testing on a demo or paper trading account, then integrate it into your strategy using platforms like Strike Money.

🔚 Ready to Trade Reversals Smarter?

Track live patterns, set alerts, and analyze chart history using Strike Money’s engulfing candle scanner. It’s built for Indian stocks, fast, and beginner-friendly.

Would you like a downloadable PDF version of this guide or a follow-up article on bearish engulfing next?

[ailtrahq]

RIOT Platforms (NASDAQ: RIOT) share price failed to sustain in the bull territory around $20, resulting in a significant correction; it retested the demand zone of $10. Furthermore, aggressive selling pressure broke the neckline of $10 with the stock heading for the $8 mark. However, the chart suggests that there are multiple support zones below the cluster of $9 which could be a challenge for the bears to break. However, the market sentiment is negative, and bulls need a massive push to retain the $10 spot. As per the technical chart setup, RIOT stock will face a selloff. Slowly and steadily it will lay off the gains and enter a downtrend in the upcoming sessions.  At press time, RIOT stock price is trading at $9.58 with an intraday drop of 4.39%, showing massive selling pressure in yesterday’s trading session. Moreover, the trading volume increased by 0.56% to 16.786 Million; the market cap is $1.775 Billion. Furthermore, analysts maintained a strong buy rating with a yearly target price of $19.22.  Recently, RIOT stock hit the $20 mark, but the mighty bears activated their muscles and threw back the bulls, and a sharp profit booking was witnessed in the past trading sessions. However, RIOT stock is trading near the demand zone and may bounce to retest its 20-day EMA spot near $10.50, where 38.2% Fib zone exists. Riot Platforms, Inc. is a Bitcoin mining company that provides special cryptocurrency mining computers. It invests in Verady, Coinsquare, and Tess. The firm operates through the following segments: Bitcoin Mining, Data Center Hosting, and Engineering. The company was founded on July 24, 2000, and is headquartered in Castle Rock, CO. RIOT Platforms Indicates A Negative Sentiment On Daily Charts Source: RIOT Stock Price Chart At TradingView On the daily charts, RIOT stock price showed a vertical bounce and reached the swing highs of $20.00 last month, however, the bears arose with aggressive short buildup resulting in a sharp reversal, and RIOT stock faced selloff. Moreover, RIOT stock retested the zone from where the rally started, and is hovering to sustain the spot of $10. The RSI curve stayed below neutrality and is heading toward the oversold region, showing a negative crossover indicating further volatility in the following sessions. The MACD indicator showed a bullish crossover and formed little green bars indicating a hammer candlestick pattern, which signifies the bulls’ accumulation on the charts. Summary RIOT Platforms Inc. (NASDAQ: RIOT) stock price slipped below the cluster of $10 showing short buildup activity in the past sessions. Furthermore, RIOT stock price is trading below the key MAs and below the lower Bollinger band, which suggests seller dominance on the charts. If the price holds the spot of $10, a significant bounce could be seen, whereas, if it slips below $9, it could return to the spot of $8 in the following sessions. Technical Levels Support Levels: $9.00 and $8.00 Resistance Levels: $11 and $15 Source

[coinwealth]

BTC, LTC, FIL, FTT, MIOTA

Bitcoin (BTC) is struggling to sustain above $50,500, but that has not stopped the altcoins from following in Ether’s (ETH) footsteps after the top-ranked altcoin hit $4,000 on Sept. 3. This has pushed Ether’s market dominance above 20%, while Bitcoin’s dominance has shrunk to 41.1%.

However, Bitcoin’s hesitation in the past few days has not altered the outlook of Bloomberg senior commodity strategist Mike McGlone, who has retained a $100,000 target on Bitcoin and $5,000 on Ether.

Crypto market data daily view. Source: Coin360

Apart from the top two cryptocurrencies, the nonfungible token (NFT) sector had been attracting the attention of investors since July. Cointelegraph contributor Jordan Finneseth recently suggested that the recent drop in transaction volumes and a few other reasons could be signaling a rotation of capital from NFTs to the decentralized finance (DeFi) sector.

Let’s study the charts of the top five cryptocurrencies that may outperform in the short term.

BTC/USDT

Bitcoin (BTC) broke above the $50,500 resistance on Sept. 3 to hit $51,000, but the long wick on the day’s candlestick suggests a lack of buying at higher levels. That was followed by a Doji candlestick pattern on Sept. 4, indicating indecision among the bulls and the bears.

BTC/USDT daily chart. Source: TradingView

The negative divergence on the relative strength index (RSI) suggests that the bullish momentum may be weakening, but the upsloping moving averages indicate that the path of least resistance is to the upside.

If buyers drive the price above $51,000, the BTC/USDT pair could resume its uptrend. The first stop could be $55,000, but if this resistance is crossed, the up-move could reach $60,000.

Conversely, if the price turns down from $50,500 to the $51,000 resistance zone, the pair may drop to the 20-day exponential moving average (EMA) ($47,998).

This is an important support for the bulls because if it cracks, the pair may remain range-bound between $46,200 and $50,500 for a few days. A break and close below $46,200 could sink the pair to the 50-day simple moving average (SMA) ($43,291).

BTC/USDT 4-hour chart. Source: TradingView

The price has been trading between the 20-day EMA and the overhead zone. This tightening of the range is likely to result in a strong breakout soon. If buyers push the price above $51,000, the bullish momentum could pick up, signaling the resumption of the uptrend.

Alternatively, if the price slides below the moving averages, it will suggest that bears are aggressively defending the overhead resistance zone. That could pull the price down to $46,200. A bounce off this support could keep the pair range-bound for some more time, but a break below it will indicate that bulls may be losing their grip.

LTC/USDT

The bulls are attempting to push and sustain Litecoin (LTC) above the overhead resistance at $225.30. If they succeed, it will complete a rounding bottom pattern that may start a new uptrend.

LTC/USDT daily chart. Source: TradingView

The long wick on the Sept. 4 candlestick showed selling near the overhead resistance, but the positive sign is that bulls did not cede much ground. They are again attempting to overcome the overhead hurdle.

If they can sustain the price above $225.30, the LTC/USDT pair could start an up-move to $300 and later to the pattern target at $347.30. The rising 20-day EMA ($184) and the RSI in the overbought zone indicate the path of least resistance is to the upside.

This bullish view will invalidate if the price turns down from the current level and breaks below the 20-day EMA.

LTC/USDT 4-hour chart. Source: TradingView

The four-hour chart shows the bears tried to stall the up-move at the overhead resistance at $225.30, but the bulls did not give up much ground. This suggests that buyers continue to accumulate on any minor dip.

Both moving averages are sloping up and the RSI is in the overbought zone, indicating that bulls are in command. A break and close above $225.30 could open the doors for a rally to $250.40. Conversely, a break and close below the 20-day EMA will be the first sign of weakness.

FIL/USDT

Filecoin (FIL) broke above the overhead resistance at $98 on Sept. 6. This completes a rounding bottom pattern, suggesting the start of a new uptrend. The bottoming formation has a pattern target at $156.

FIL/USDT daily chart. Source: TradingView

The 20-day EMA ($79) has turned up and the RSI has soared above 81, indicating a possible trend change. Usually, the breakout from a major pattern retests the breakout level. In this case, the price may drop to $98.

If bulls flip the $98 level into support, the FIL/USDT pair could resume its uptrend. On the contrary, if bears pull and sustain the price below $98, it will suggest that the recent breakout was a bull trap. The pair may then drop to the 20-day EMA.

If the price rebounds off this support, the bulls may once again try to propel the price above the overhead resistance and resume the uptrend. The bears will have to sink the price below the 20-day EMA to gain the upper hand.

FIL/USDT 4-hour chart. Source: TradingView

The four-hour chart shows strong momentum in favor of buyers. That has pushed the RSI deep into the overbought territory, indicating the possibility of a minor correction or consolidation in the short term.

If bulls do not give up much ground, it will suggest that traders are not booking profits, as they anticipate another leg higher. That will increase the likelihood of the resumption of the uptrend.

However, the bears are likely to have other plans. They will try to pull the price back below $98 and trap the aggressive bulls.

FTT/USDT

FTX Token (FTT) broke above the previous all-time high at $63.13 on Sept. 1 and followed it up with a new all-time high at $70.72 on Sept. 2. A new all-time high is a sign of strength, but the bulls have not been able to sustain the price above the breakout level at $63.13.

FTT/USDT daily chart. Source: TradingView

This suggests that bears have not yet given up and are attempting to stall the up-move. The negative divergence on the RSI suggests that the bullish momentum may be slowing down.

If bears pull the price below $57.93, the FTT/USDT pair could drop to the 20-day EMA ($53). A strong bounce off this level will suggest that bulls are accumulating on dips. The buyers will then again attempt to push the price above the $63.13 to $70.72 resistance zone. If they manage to do that, the pair could rally to $84.

This positive view will invalidate if the price breaks below the 20-day EMA. Such a move will suggest that the recent breakout above $63.13 was a bull trap.

FTT/USDT 4-hour chart. Source: TradingView

The four-hour chart shows the formation of a descending triangle pattern, which will complete on a break and close below $59. This bearish setup has a pattern target at $47.50. The flat 20-day EMA and the RSI just above the midpoint do not give a clear advantage either to the bulls or the bears.

If buyers drive and sustain the price above the downtrend line, it will invalidate the bearish pattern. The price may then rally to $65 and later to $70.72. A breakout and close above this level could start the next leg of the uptrend.

Related: Nigeria plans CBDC rollout, Salvadoran retirees protest Bitcoin Law, Twitter to add BTC and ETH tipping feature: Hodler’s Digest, Aug. 29-Sept. 4

IOTA/USD

IOTA (MIOTA) rallied sharply from $0.96 on Sept. 1 to $2.08 on Sept. 4. This up-move pushed the RSI above 82, suggesting that the rally was overextended in the short term.

MIOTA/USDT daily chart. Source: TradingView

The MIOTA/USDT pair is currently witnessing profit-booking and it may drop to the first support at the 38.2% Fibonacci retracement level at $1.64. A strong rebound off this level will suggest that traders are buying on minor dips.

The bulls will then make one more attempt to push the price above $2.08. If they succeed, the pair could pick up momentum and rally toward $2.40 and then $2.67.

Alternatively, if bears pull and sustain the price below $1.64, the next stop could be in the zone between the 50% retracement level at $1.51 and the 61.8% retracement level at $1.38. A deeper correction could delay the start of the next leg of the uptrend.

MIOTA/USDT 4-hour chart. Source: TradingView

The long wick on the four-hour chart above the psychological barrier at $2 shows that bears are attempting to defend this level. Profit-booking may pull the price down to the 20-day EMA, which is likely to act as a strong support.

If the price rebounds off the 20-day EMA with strength, it will suggest that the sentiment remains positive and bulls are accumulating on dips. The buyers will then try to resume the uptrend by thrusting the price above $2.08.

A break and close below the 20-day EMA will be the first sign of weakness. That may open the doors for a further decline to $1.50.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

source https://usapangbitcoin.org/btc-ltc-fil-ftt-miota/

source https://usapangbitcoin.wordpress.com/2021/12/28/btc-ltc-fil-ftt-miota/

[cryptoevent]

BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK

Bitcoin (BTC) fell back below $ 39,000 on August 2, suggesting short-term traders posted gains after the price failed to close above $ 42,451.67.

However, lower levels could attract buyers again, as was seen in late July. Data from Santiment showed that bitcoin held on wallet addresses storing between 100 and 10,000 bitcoin rose to a new all-time high of 9.23 million bitcoin on August 1. The previous all-time high for this group of investors was recorded on April 5th. just over a week before Bitcoin hit an all-time high of $ 64,854 on April 14.

Santiment emphasized that the “addresses have accumulated about 170,000 more Bitcoin in the last four weeks”. A similar buying pace was recorded at the end of December 2020, shortly before the start of the strong bull market in 2021.

Daily performance of the cryptocurrency market. Source: Coin360

CoinShares data showed that assets under management in Bitcoin-focused funds fell by $ 20 million last week, the fourth straight weekly decline. Last month, Bitcoin funds saw cumulative outflows of $ 67.8 million.

The data wasn’t all bearish as multi-asset funds saw cumulative inflows of $ 7.5 million last week and $ 11.9 million last month.

Could Bitcoin break out of its reach and lead the crypto markets up? Let’s check out the top 10 cryptocurrency charts to find out.

BTC / USDT

Bitcoin peeked above the overhead resistance at $ 42,451.67 on August 1, but the bulls were unable to hold the higher levels. This shows that bears are trying to keep range-bound action intact.

BTC / USDT daily chart. Source: TradingView

The rising 20-day exponential moving average ($ 36,968) and Relative Strength Index (RSI) above 62 suggest positive sentiment. If the price recovers from the 20-day EMA, the bulls will try again to push and hold the price above $ 42,451.67.

If they are successful, this will signal the start of a new uptrend. The first upside target will be a move into the overhead resistance zone at $ 50,000- $ 51,500, where bears could build stiff resistance again.

This bullish view will be invalidated if the price drops from current levels and falls below the USD 36,670 support. This suggests that the BTC / USDT pair could extend its consolidation between $ 28,805 and $ 42,599 for a few days.

ETH / USDT

Ether (ETH) broke the downtrend line on July 31, invalidating the descending triangle pattern. The bears sold at higher levels on August 1st, as evidenced by the long wick on the daily candle, but the positive sign is that the bulls did not allow the price to drop below the downtrend line.

ETH / USDT daily chart. Source: TradingView

The rising 20-day EMA (2273) and the RSI in the overbought area show that the bulls are in control. The ETH / USDT pair may now rebound to the psychological level of $ 3,000 where the bears could build strong resistance again.

Contrary to this assumption, if the bears pull price back below the 20-day EMA, it could trap the aggressive bulls. This could lead to a long liquidation that could bring the pair down to $ 2,000 and then to the critical support at $ 1,728.74.

BNB / USDT

Binance Coin (BNB) surged above the overhead resistance at USD 340 on August 1, but the long wick on the daily candle suggests the bears are trying to defend that level.

BNB / USDT daily chart. Source: TradingView

Although the price fell back below $ 340 on August 1, the positive sign is that the bulls haven’t given up much ground. If the price consolidates between the moving averages and $ 340, it improves the prospect of a break above $ 340.

In this case, the BNB / USDT pair will complete a bullish ascending triangle pattern. This setup has a target target of $ 454.58, but the climb may not be easy as the bears will erect roadblocks at $ 380 and then again at $ 433.

On the flip side, the pair could fall on the trendline if bears let the price dip below the moving averages. This is an important support to look out for because if it cracks, the next stop could be at $ 211.70.

ADA / USDT

Cardano (ADA) rose above the downtrendline on August 1st, but the long wick on the daily candle suggests that the bears are aggressively defending the resistance.

ADA / USDT daily chart. Source: TradingView

The slightly rising 20-day EMA ($ 1.27) and the RSI above 56 suggest that bulls have a slight advantage. If buyers can push and hold the price above the downtrend line, the descending triangle pattern becomes invalid.

The ADA / USDT pair could then move to $ 1.50 where the bears could be another major challenge. If buyers can overcome this resistance, the pair could begin its journey towards $ 1.94.

That positive view will be dashed if the price goes down and drops below $ 1.20. That could open the doors for another slide to $ 1.14 and then to $ 1.

XRP / USDT

XRP has been consolidating near the overhead resistance at $ 0.75 for the past few days, suggesting the bulls are not posting gains as they expect the relief rally to extend further.

XRP / USDT daily chart. Source: TradingView

The moving averages have made a bullish crossover and the RSI is above 63, suggesting that the path of least resistance is up. If buyers drive and hold the price above $ 0.75, the XRP / USDT pair will complete a double floor pattern that has a target at $ 1.

If the bulls cannot keep the price above $ 0.75, short-term traders can close out their positions. That could drag the pair down on the moving averages. A break below this support will suggest the pair may extend their stay within the $ 0.50 to $ 0.75 range for a few days.

DOGE / USDT

Dogecoin (DOGE) has been consolidating near the overhead resistance at $ 0.21 for the past few days. This indicates a state of uncertainty among the bulls and bears.

DOGE / USDT daily chart. Source: TradingView

The flat 20-day EMA ($ 0.20) and the RSI near the middle indicate a balance between supply and demand. Usually a tight consolidation near the rigid resistance to the top will dissipate. If buyers lift the price above the 0.21 to 50 day ($ 0.22) simple moving average resistance zone, the DOGE / USDT pair could rise to $ 0.28 and then to $ 0.33. Dollar rise.

On the contrary, if the bulls fail to overcome the overhead hurdle, it could lead to profit bookings. The pair could then gradually slide to the critical support at $ 0.15. A rebound from this level could hold the pair between $ 0.15 and $ 0.21 for some time.

DOT / USDT

The $ 16.93 level had acted as strong resistance between June 22nd and July 8th, but the bulls pushed Polkadot (DOT) above August 1st, which is a positive sign.

DOT / USDT daily chart. Source: TradingView

The moving averages are on the verge of a bullish crossover and the RSI is just below the overbought area, suggesting that buyers have the upper hand. If the bulls flip $ 16.93 in support, the DOT / USDT pair could continue its journey to $ 26.50.

On the flip side, if the bears pull the price below $ 16.93, the pair could fall to the 20-day EMA ($ 15.21), which could act as support. If the price recovers from these levels, buyers will try again to resume the relief rally. A break and close below the 20-day EMA could trigger a retest of $ 13.

UNI / USDT

The long wick on Uniswap’s (UNI) candlestick on Aug. 1 suggests the bears are defending overhead resistance at $ 23.45, but the positive sign is that the bulls haven’t given up much ground.

UNI / USDT daily chart. Source: TradingView

The moving averages have made a bullish crossover and the RSI is near the overbought zone, suggesting that buyers have the upper hand. A break above $ 23.45 will pave the way for a possible rally to $ 30.

If price deviates from the overhead resistance again, the UNI / USDT pair is likely to find support at the 20-day EMA ($ 19.55). If price bounces off this support, it improves the prospect of a break above $ 23.45.

Conversely, if the price goes down and falls below the moving averages, it suggests that the range-bound action could continue for a few more days.

Related: There’s no reason not to hold Bitcoin for 100 years, says Michael Saylor

BCH / USDT

Bitcoin Cash (BCH) has been trading between the 50-day SMA ($ 498) and the overhead resistance at $ 546.83 for the past four days. Tight consolidation near strong resistance suggests buyers will not close their positions as they expect an upward move.

BCH / USDT daily chart. Source: TradingView

If the bulls hold the price above $ 546.83, the BCH / USDT pair will complete a double bottom pattern. This bullish reversal setup has a target target of $ 710.13. The moving averages are on the verge of a bullish crossover and the RSI is in positive territory, suggesting that the path of least resistance is up.

This bullish view will be void if the price drops from current levels and falls below the moving averages. Such a move suggests that the pair could extend its range-linked action between $ 383.53 and $ 546.83 for a few days.

LINK / USDT

The bulls pushed Chainlink (LINK) above the overhead resistance at $ 22.07 on July 30, but the bears will not allow buyers to rally out of control.

LINK / USDT daily chart. Source: TradingView

The bears are trying to push the price back below $ 22.07 but the bulls have held support for the past three days. The moving averages have made a bullish crossover and the RSI is near the overbought area, suggesting that buyers have the upper hand.

If the bulls push the price above $ 24, the LINK / USDT pair could rise to $ 26.48. A break above this resistance could pave the way for a possible rally to $ 32.

Alternatively, if the price falls below $ 22.07, the pair could fall to the 20-day EMA ($ 19.17). A strong rebound from this support will suggest sentiment remains positive as traders buy on dips. The bears need to bring the price below the moving averages to get the upper hand.

The views and opinions expressed are those of the author only and do not necessarily reflect the views of Cointelegraph. Every investment and trading movement involves risks. You should do your own research when making a decision.

Market data is provided by HitBTC Exchange.