There is RSI Bullish Divergence at the PCZ of a Bullish Bat that's Visible on the Weekly Timeframe. This may also signal the beginning of a moderate pullback within the DXY as initially, I expect the DXY to show a Negative Correlation with Rising US BOND prices.
We have a Bullish setup here on this failure of a stable coin and while things look fundementally bad for it i still cant ignore the technicals. I come at this chart with the mindset of all the money i put in is basically like throwing cash in a pit of fire but it's a risk i'm willing to take on the off chance that this Double Bottom plays out. My stoploss is non...
D1 - Price is bouncing higher from a strong support zone.
Bullish hidden divergence followed by continuing divergence.
Expecting the price to move higher further.
H1 - Bullish trend pattern.
Until the two strong support zones hold my view remains bullish here.
- We have a huge parallel channel on the daily chart.
- Also inside this channel, we have a falling wedge - bullish reversal pattern.
- If you take a look at RSI indicator, you can spot a bullish divergence with higher lows on the oscillator!
- Due to my Elliott Wave count, we have finished an Impulse wave.
- 0,618 FIB retracement is a strong SUPPORT and we are...
D1 - Price is bouncing higher from the psychological level 1.35.
Multiple false breaks with bullish divergence.
Expecting short term bullish moves to happen here.
H4 - Higher highs.
No opposite signs.
Until the two strong support zones hold my short term view remains bullish here.
I haven`t seen a chart pattern more bullish than this: Falling Wedge combined with Rising Volume, Bullish Divergence and Strong Analyst Raring.
I think we might see a spike to the $5.95 resistance this month!
Looking forward to read your opinion about it.
Price action and chart pattern trading
> Local falling wedge ending triangle pattern within a global falling flag corrective ABC.
> Trade setup - entry @ falling wedge breakout downtrend line wave ii and iv.
> 1st target 0.786 - 1.0 upper resistance flag - upside +20%
> Stoploss @ the lowest falling wedge position zone - downside -10%
> Risk reward ratio: 2:1...
Will We “Affirm” ( NASDAQ:AFRM ) A New Direction This Week?
I strongly believe that a new direction will be affirmed for Affirm Holdings, Inc. (AFRM) this week. I've identified several reasons why I anticipate a new direction for the stock.
Bullish divergence on the daily chart.
AFRM is in the buy zone.
AFRM is in a range on the daily chart.
Here is my refreshed Daily view on BITCOIN.
More Controversial traders won´t agree with me as I guess majority of you is bearish because of RUSSIAN-UKRAINE situation, but chart looks bullish for me and that is what matters personally 4 me if I ignore emotions which are bad for trading proper technical analysis balanced and correct R:R trading...