16 July 2022
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If There is Only One Chart This is It
Moses Power Stock Chart.
We Believe – Buy Support or Sell Resistance.
USD Coin Crypto
There are literally thousands of other options when it comes to these digital currencies. USD Coin is like Tether is one of the popular one. See the price action chart, but don’t ask me can I use it to buy car or property! I don’t know. …
Like Tether USD Coin’s price is anchored at $1 per coin too. Ture or true? The currency’s founders say that it’s backed by fully reserved assets or those with “equivalent fair value” and those assets are held in accounts with regulated U.S. institutions.
Price Action reflect the market emotions, it factor in news, buy or sell emotions.
When the market is bullish, how you trade you eventually still make money. When the market is sideways. You have to ride the wave on buy the bull bias and sell when it is bear.
There are a lot of uncertainty in the current market, many whom make money on crypto are liquidating now to keep themself a float.
We study the stock chart using GMMA, Woodies CCI, MACD, River, Bollinger Bands and Moving Average with the price action.
Moving Average is a great visual tool. MACD indicator is a easy to understand indicator. Support and Resistance is important and fundamental tool for trading.
When the price action continue to move higher but MACD is weaker, the price action may be change in direction. The opposite is true too, when price action is weaker, forming lower low but the MACD or MACD Histogram is forming higher low. Price action is also may be change in direction.
But remember indicator is like traffic light, it provides you a heads-up.
Manage your trade.
Think Think got more Things
In trading, some predict the up or down on the trend. Here, we look for support, strong support to buy. Or take profit when price action test the resistance.
1) USD Coin USDC Crypto Currency and MACD
Can the price action hit One Dollar? Currently, we see price action has deep and bounce. Next we see price action resisted by the strong level below one dollar, see chart.
Moses Power Charting
Official AmiBrokerAcademy.com Charting
Disclaimer
The above result is for illustration purpose. It is meant to be used for learning buy or sell signals. We do not recommend for any particular stocks. If particular stocks of such are mentioned, they are meant as a demonstration of Amibroker as a powerful charting software. Amibroker is a charting software, it can program to scan the stocks for buy and sell signals. Or backtest for any trading strategy or technique.
We post script generated signals. Not all scan results are shown here depending on selection criterial. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.
We learn from many past and present great traders. Kudo to these master.