Price has experienced strong bullish momentum and is now consolidating on the midterm resistance level. Bearish divergence on H1 TF suggests a pullback is about to happen. We can expect bearish movements toward support level of 137.50/137.35.
hey guys this is my idea about atomusdt we can consider this as a pullback to the trend-line which you can see it clearly on the chart and this zone also is a strong resistance and we have a bearish divergence on CCI. what is your opinion ?
Celsius Holdings has been trading like a meme stock as of late. News of a deal with Pepsico helped fuel the recent surge in stock price. The question I pose is will this bullish momentum in CELH continue despite a slowing global economy? Technicals: There are strong signs of bearish divergences on monthly and weekly timeframes, slightly weaker bearish...
H4 - Price respected a psychological level and is bouncing lower. Bearish convergence. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
Gold bounced off the resistance as predicted in my previous analysis and experienced some sideways movement before dropping. The breakdown of the 1785 level today confirms the downtrend continuation. We can expect a trendline retest before the drop to initial support levels.
DKS has had increasing prices since the last earnings when it beat the estimates. However, the price is ascending in a rising wedge which may suggest a breakdown. While a breakout is possible it is less probable than a breakdown. The chart has the rising wedge drawn in. The RSI indicator is suggestive of bearish divergence in the past week. This may forecast...
A significant bearish breakdown of the parallel channel/bear flag has begun. The triple bearish divergence and decreasing volume is now playing out. As usual, we need patience to see what the follow through price action looks like. Will we see a backtest of the channel as resistance or do we break back into the channel and continue the short term uptrend? I think...
BTC shows two different scale bearish divergences when it is at major resistance ! It is a clear warning. Mentioned divergences have been shown on the chart. First is major one and second one is minor but both are clear and beautiful. RSI is making a clear divergence with price : Last established lower high and possible next lower high (Connected by a...
IDK guys, this move cant even hit the 26,500 level. The 1 to 1. The SRSI has already nuked below the TL support that has kept BTC in this high high , higher low momentum since the June lows. If BTC can bounce here on H4 would likely hit a lower high. But the SRSI looks like a bearish Div at first glance.
H4 - Price respected a key resistance zone and is bouncing lower. Bearish convergence. Currently it looks like a pullback is happening. Until the key resistance zone holds my short term view remains bearish here.
XAU/USD is in a bearish trend on 1H and 1D. On 1H, the price action has just broken out of the Rising Support and Horizontal Support . The Bearish bias is based on the following confluence: Rising Support broken Horizontal Support broken Strong bearish candles on breakout Bearish Divergence on RSI Expecting bears to push prices lower towards ...
H4 - Price is bouncing lower from a strong resistance zone. Bearish divergence. Expecting short term bearish moves to happen here. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the strong resistance zone holds my short term view remains bearish here.
We see clear class A triple bearish divergence has formed on the BTC daily chart. This is an indication of a likely bearish reversal of the short term uptrend BTC has been experiencing. Recently, BTC has been holding the heartland of the bear flag channel that it has been in since June 16th. The recent upward price movement did not reach the top of the channel and...
I think we could see a reaction from this Bearish Shark PCZ and if it plays out we may see price return the upward sloping trendline around 23k and if that trendline breaks perhaps go as low as the horizontal support line below. at 21.7k
H4 - Price respected a key resistance zone and is bouncing lower. Bearish hidden divergence followed by continuing divergence. Most recent uptrend line breakout H1 - Bearish convergence Currently it looks like a correction is happening. Until the key resistance zone holds my short term view remains bearish here.
We could see ETH make it's way back down to around $1,500 from here especially depending on how the market reacts to the PPI data later this morning.
Falling wedges are generally very bullish structures that have targets at the hight of the wedge. If a falling wedge is on a flagpole then the target of the wedge is going to be a flagpole extension. But price often don't go straight up. Having price action retest lows is very normal. Having price action retest a trendline that was resistance and turn it into...
Short Idea! OANDA:XAUUSD Bearish Divergence! Daily Trendline! Set a Sell Stop with RR=1:1 Best of Luck!