What's interesting is IWM looks bullish, while SPY appears bearish to me in the short term.
They never make it easy, and with big numbers coming out (GDP, Jobless Claims, Oil/NG inventories, etc.) tomorrow we could see a pop then a drop. Bearish divergence leads me to be bias towards 456 zone in the next 1-5 trading days similar to May 4/5 price action.
Things are looking very similar to how they did in October 2018.
> In 2018 FAAMG fell by 25%.
> If we correct 25% like we did in 2018, it would take us to the lower support of this ascending channel.
> A 25% correction would also take us perfectly to the 100-week MA.
> Bearish divergences are shaping up in similar ways as well.
It's interesting to note the...
I am looking at the 1D chart for Algorand. I show the top and bottom multi-year trendlines and it seems that we may have some downside to go possibly based on historical trends. I showed a possible fractal from the past that may play out again.
Lastly and most important, on the daily chart there is bearish divergence. This may be a good indicator of what's to...
Unlike many other traders with a long term bullish sentiment on bitcoin alone, I do not see any bullish momentum at this particular point in time. All I see is clearly lost steam and lower buy volume from the bitcoin pumping manipulators trying to take advantage of the weaker traders with less to no experience and trying to fool you that the bitcoin market is...
We can see its strong downtrend then it's pullback twice and become a double top.
Also, we can see bearish divergence. But we know the market behavior could be anything if we can surely do trading everybody should be a billionaire.
So try as much as a possible confirmation.
And if it goes down and breaks the neckline then wait for the pullback for re-entry...
I posted some setups on lower timeframes awhile back near 3 dollars and over that time period ADA has pulled back and closed below this weekly trendline and now it seems that we will be going for much deeper targets Potentially down below 80 cents.
From past history, when Ethereum goes into oversold territory RSI at 70+ on the weekly chart, the price seems to show a nice pump. See the chart to understand more.
There are a few issues to consider as well:
1) We are potentially forming bearish divergence
2) Almost 6 weeks of upside weekly candles
3) If BTC has a correction, ETH will follow
Lastly, I drew a...
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#SHIB has broke above the $0.00003484 resistance zone and retest it, Then it showed a bounce near to ATH.
📌 #SHIB may see a pullback by almost 25%–35% by 5 factors :
- Dubbed the...
Looks like we might have a double bottom. Price needs break past green zone for further move up.
On 4h there is bearish divergence, another signal for buy order and 1d chart ther doji morning star.
I saw a Hidden Bearish Divergence on the DJ30 movement. This moment shows the price has potential to continue the bearish movement. there is
small support at point 35539.2. So I will assume the price will reach the support area.
BTC is showing bearish divergence with low volume on the daily chart. Each time this has happened during the 2020-21 bull run we see a pullback to the long-term log uptrend line. Implied short-term PT is at $53K support zone, assuming that holds we will then resume the move upwards.
This coin has been going crazy recently but we finally have gotten to see is slow down a little as it's breaking below a potential ascending triangle and below the 50 line on the RSI for the first time since the rally began so i'm expecting a decent pullback from here.