How you could have found the WPR/ETH’s 30% Gain.

TradePlan
TradePlan.IO
Published in
2 min readJun 17, 2019

Before every price movement, there are often subtle changes which can be detected using various technical indicator.

The intent in this post is to reverse engineer the time at the beginning of the gain and understand what unique condition could have help in identifying % screen them in advance.

In the case of WPR/ETH we used the following indicator

Indicator used: Stoch(18,5,12), EMA (20,close), EMA (20,open), Volume

The chart candlestick time frame was 1 Hr.

The subtle changes mention include the following condition.

  • EMA(20,close) greater than EMA(20,open). This means that the average close price is higher than the average opening price which is a bullish sign.
  • Volume jumping 4.7 times in 1 hour. Momentum is building with the volume and more token is been traded. This change in itself isn't bullish or bearish but support the indication of another indicator.
  • Stoch(18,5,12) crossover. This is considered as a bullish indication.

A user could find more unique observation such as Volume is greater than its 20 candle Average value for example.

The following combination rarely happens and when it does it always good to know them when it happens not after it happens.

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Tradeplan is a crypto screener tool which will help trade create their own conditions and notify them when it's found 24X7.

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