It would be tempting to create an indicator out of the amount above or below the trend line, but no one could see the trend line in the past, and a series of
shorter trendlines would likely prove deceptive.
When I do it, my argument in response to too -
short trendlines sometimes is to supply alternative trendlines for exactly the same period that show the opposite sign, as proof by counterexample to indicate the specific trendline suggested is invalid; sometimes to supply long - enough trendlines when such are available, to illustrate a more correct method; sometimes to apply a methodologically valid use of
short trendlines within a framework of a longer timespan and suggest the appropriate Bayesian treatment to predict the very low likelihood of the true trend being actually cooling given the too short trendline.
Not exact matches
Ethereum Classic experienced some volatility today, but it continues to trade slightly below the $ 16 resistance after breaking the rising
short - term
trendline.
Ethereum has been acting week throughout the weekend and the Independence day holiday, and the coin is still trading below the $ 275 level and the declining
short - term
trendline, while several of the smaller coins are already in
short - term uptrends.
Monero has been trading similarly to ETC in the last few days, being stuck below the
short - term declining
trendline and a volatility compression pattern following the strong moves of the last week.
That said, the declining
short - term
trendline is still close to the current rate, and the most valuable cryptocurrency might be in for more sideways price action, before the Judgement Day of BTC in August.
The coin remains below the
short - term declining
trendline and the $ 50 level, and while the long - term picture is less constructive than the other majors after the recent break - out, another leg higher towards the range projection target at near the $ 58 - $ 60 range is still likely before a significant consolidation period.
Monero remained strong during the weekend and rallied above the dominant declining
trendline before entering a
short - term correction.
Dash is above the
short - term
trendline after providing the first buy signal among the majors.
Ethereum Classic broke out from the
short - term declining trend, but it remains just below the long - term
trendline, still being the weakest major concerning the technical picture.
The long - term picture remains positive, and the
short - term buy signal is also intact, but the rising long - term
trendline is getting closer.
BTC is now nearing the $ 4000 level after breaking above the declining
trendline, and providing a
short - term buy signal.
A new
short - term uptrend is now confirmed but with the declining
trendline just ahead, the coin could be in for volatile swings in the coming days.
Ethereum Classic caught up with the broader market in the latest leg higher, touching the $ 20 level, before the pullback after leaving behind the declining
trendline and confirming a
short - term uptrend.
Monero took a bearish
short - term turn today, as we expected, despite its resilience in the recent period, and the coin is now close to breaking below its dominant rising
trendline.
The longer - term 200 SMA is above the
short - term 100
trendline indicating the path upwards towards resistance will be difficult.
Currently, instrumental temperature characteristics are consistent with natural climate variability of
short - term events and steep warming
trendlines.
My current, somewhat limited understanding, is that one would need to apply a higher p value than one would necessarily apply to the interior
trendline segments (given a longer time series that does detect additional
trendline segments (in the region of the
shorter time series) where none existed originally for the
shorter time series)-RRB-.
On any timespan in the dataset, if you choose
short enough samples, you will produce many, many
trendlines of contradictory sign and rate.
And yes the
shorter lines are less trustworthy, which means that the longer your
trendline, the more accurate it should be.
The scientists say 10 years is too
short a time for a meaningful
trendline.
More
short term
trendlines added: http://www.woodfortrees.org/plot/uah/mean:10/plot/uah/trend/plot/uah/from:2008/trend/plot/uah/from:2003/trend/plot/uah/from:1998/trend/plot/uah/from:1993/trend/plot/uah/from:1988/trend/plot/uah/from:1983/trend/plot/uah/from:2010/trend/plot/uah/from:2005/trend/plot/uah/from:2000/trend/plot/uah/from:1995/trend/plot/uah/from:2006/trend/plot/uah/from:2009/trend/plot/uah/from:2011/trend
The
short - term Simple Moving Average (SMA) is coasting well above the long - term
trendline, which means the path to the upside has very little resistance.
With the rising
short - term
trendline now broken traders should watch the support levels found at $ 10,500, $ 10,000 for reversals with the lie - in - the sand zone still being between $ 9000 and $ 9200, while above the key resistance zone between $ 11,300 and $ 11,750, the main targets are at $ 13,000 and $ 14,250.
While the Bitcoin price stays above the
short - term upside
trendline, visible on the hourly chart, the overall momentum remains positive.
Bitcoin Cash is trading above the 50 - simple moving average
trendline, which is narrowing the gap towards the 100 - simple moving average to indicate a possible sustained uptrend in the
short - term.
Right now the two Simple Moving Averages (SMA) both
short - term (100 SMA) and long - term (200 SMA) have a small gap between the two
trendlines.
Currently, the
short - term 50 - SMA is interlocking with the longer term 200 - simple moving average
trendline at $ 963 to show that the bullish momentum will sustain the upside gains.
PriceThough we expect the rally to stall for a
short while at the overhead resistance, the trend will remain up as long as Ethereum remains above the
trendline.
The index remains stuck in a downtrend, but the
short - term MACD is in oversold territory, signaling a likely correction towards the dominant
trendline.