This reversal from the D point of our ABCD has great potential of taking ETH back down to a minimum target of $2,500 and as low as a maximum target of $600
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.
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...
Bearish divergence shown between price and the money flow index indicator shown with price hitting resistance look to go short and target 1/3 risk to reward
DJI on the weekly still making Higher Highs. RSI is showing Bearish Divergence as it is printing HL even though price action is making Higher Highs ;-) Expect Lower Lows at some point on the Daily TF and Weekly TF. Major STOCK MARKET correction incoming due to inflation. Only short a downtrend as this is in a uptrend lol. NOT FINANCIAL ADVICE.
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...
If we look at the monthly and weekly RSI we can see that BTC is forming a bearish divergence... but what does this mean? 1) Bitcoin managed every time to reach 97 level on the monthly RSI at its ATH of every cycle. Even in the double top ATH cycles of 2013, both reached 97 level. 2) Bitcoin reached 97 level in May 2021 before crashing in May down to 30k. 3) So...
AXS on a daily chart. A few things to note: 1) Rising wedge pattern in play. 2) Bearish divergence on 1D chart 3) Bollinger Bands tightening but similar structure forming since last tightening as circled in the chart. Something interesting is surely brewing here. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is...
On the 1-hour timeframe, we see the bearish divergence formation. On the 2-hour timeframe, we see a confirmed reversal pattern represented by a shooting star candle "A" with a bearish engulfing candle "B" confirmation. 4-hour timeframe, also represented by shooting star. We can expect a downward movement with a take-profit target near the "B" support area of $120,...
Non technical indicators that might support this idea; - ETH gas prices continues to be unreasonably high and ETH 2.0 won't be rolled out until 2022 - Shiba Inu might be a sign of the market overheating (We all remember what happened the last time a memecoin entered the top 10...right?)
Bearish divergence on $QQQ daily. With decreasing volume as we hit new highs, look for a breakdown from the rising wedge. Tech is due for another pullback imo.
D1 - Price has reached a strong resistance zone. Potential bearish divergence. H1 - Bearish divergence. Lower lows. Price has broken below the bottom of the range. Currently it looks like a pullback is happening. Until the strong resistance zone holds I expect short term bearish moves to happen here.
BINANCE:SHIBUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! #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...
1H Bearish Divergence Trend Channel/ Rising Flag Pattern Currently at a Key Zone of rejection Looking for Bearish Variation for entry and break of channel for confirmation to TP levels. 113.490 - TP 1 113.250 - TP 2 113.020- TP 3 112.800- TP 4
In my recent Analysis on Solana I've published About the Bull flag formation in SOLANA Well its our good that We are Still in profit according to that analysis but Today I have spotted a bear divergence in the RSI So that means Solana will break in near future ? Well Reversal can be seen in near 2 or 3 days but can not be much powerful. I also drew the Support...
This triangle may be looking for a breakdown here which could take us down to our last major support level.
D1 - Price is bouncing lower from a strong resistance zone. Potential bearish divergence. H1 - Bearish convergence. Until the invalidation level holds my short term view remains bearish here.