here we have 2 scenarios of Bullish and bearish, the price action shows a higher chances of bullish rally but at the same time we can see Bearish Divergence on MACD, so we can wait and see or use this chart as a template and apply your analysis and find your confluences with it and choose a side personally I am bearish on it but as I said there are risk on this...
Volume and RSI are printing double bearish divergences. Weekly demand @ 28-30k where our previous impulse launched from. Also at this level are: 1. Daily 200 EMA 2. Weekly 21 EMA In previous bull runs, price always reverted to the daily 200 EMA and the weekly 21 EMA. They were frequently retraced to and used as support. TARGET: 28000-30000
The monthly Dow index is dominated by divergence, thus indicating the direction of the market, the same was in February during the covid-19 expansion (the market anticipates this a few months before and do not understand how it did so). With the formation of the divergence against covid-19, it began on September 04, 2018 (dark red) (blue line on January 2, 2018)...
LUNA had an impressive run, certainly I regret not buying it months ago, last pump was pretty good as well. However there are 2 bear DIV on 4h RSI and MFI. I think this will retrace very soon. Dashed lines are the supports in case of retracement.
So GC do not know what it wants. Now at neckline. Critical 4hour candle - if price break below 4h neckline on 4h candle close take short position. Aggressive sell on break of neckline or conservative sell on retest. - weakened demand zone (already reacted to prior demand zone) calls for possible lower target= more profit. However I would still take at least...
I see NKE hitting $133 no later than Friday, however... Technical analysis shows we are due for an imminent dip and it will be a hard dip, here's why. Strong sell signals indicated by guth 3x triple confirm, which has pretty decent accuracy D+ showing a red cloud above the candles indicating strong bearish divergence Resistance has just been met as indicated...
H1 : Recent price action triggered a triple top formation coupled with bearish divergences !!! Bearish engulfing pattern, confirmed by another long black candle pushed BTC down, breaking on its way the former uptrend support line in moving down below Tenkan-Sen, Kijun-Sen and Mid Bollinger Band. Next short term support is now @ 52650 former...
I have a watchlist of stocks that I go through and find the stock with the greatest probability of reaching a certain price based on technical analysis. Based on the indicators I use, and candlestick trends. I see COF dropping again. $128 might seem like a cheesy prediction, but that is just the put I bought. It was almost $130 a share when I purchases that put...
H1 : Bearish divergence (RSI) triggered a short term reversal, pushing down the BTC in the former uptrend channel. Currently below TS, MBB and KS. Watch clouds as the next significant support area On the upside, in order to neutralise the ongoing short term bearish price action, BTC should quickly recover above the cluster of KS, MBB...
Quick Harmonic Trade here.
Lets see if it can retrace down to to the last major Support/Resistance level from here.
H4 - Price is bouncing lower from a key resistance zone formed by the 100% Fibonacci expansion level of the first wave and the 61.8% Fibonacci expansion level of the second wave. Bearish divergence. Price still has room lower towards the key support zone formed by the 38.2% - 50% Fibonacci retracement levels of the bullish trend pattern. H1 - Bearish trend...
Got resistance from ascending channel, Bearish divergence both on 4hr and 1d chart. 9ema, 20sma intersected on 1hr chart. I assume that price will go down to the lowest ascending channel. Btw, this is complete technical analysis, i have not put either fundamental or sentimental analysis into consideration.
Hello! As a new trader looking to learn and share, I'm always interested in hearing everyone's thoughts. GRN looks to have been strong and making nice bounces with higher highs with what looks like good accompanying volume, but I'm seeing a bearish divergence on the MACD and RSI steadily making lower highs. I'm thinking this could be at least a signal to be...
This asset is looking weak on both the daily and weekly we have a rising wedge on the daily and on the weekly we have a Gravestone Doji as seen here: If we break down out of this wedge i will target the 0.786 and 0.886 retrace for profit taking.
Lets see if this is the start of a major reversal: Sell between $40,000 and $44,000
H4 - Currently it looks like a correction is happening. Price still has room lower towards the key support zone. H1 - Price has reached a strong resistance zone. Potential bearish divergence. Until this strong resistance zone holds my short term view remains bearish here.
As can be seen in the chart, SOLUSDT shows a bearish divergence on RSI indicator. In addition, the chart shows an ascending wedge which is also a bearish sign.