Price has formed a double bottom pattern with bullish divergence suggesting bullish movement. The initial target for bullish retracement is the 32800 resistance zone.
USTC has formed a Bullish Bat on the Hourly Chart and may be looking to recover alot of the losses it's made this week. We may also see either LUNA2 or LUNC rally from where they are as a result of USTC Showing Strength if it does pivot here.
We have a huge amount of MACD Bullish Divergence on the Weekly here that might lead to a big Square-Up in price action and perhaps even a Weekly W structure.
We have Bullish Divergence on the Weekly MACD and a Bullish Engulfing of the Previous Week at the 88.6% Retracement. I would like to call this a Shark but we are missing the 1.618 Extension however due to some of the other Bullish Variables i think that i would instead see this as a Bullish Cypher that went a little too deep to the 88.6% rather than the 78.6%...
Bitcoin has seen a dump recently. After the dump, on the daily chart it has made a bullish divergence in the RSI. Also since 17.9k low, BTC has made a MACD bullish divergence. We have probably seen the worst of the bear market and BTC probably will not go too far below 17.9k. Personally, I won't open a long position right now because this isn't enough reversal...
Pretty standard - 3 touches of lower lows in price and higher lows in RSI taken from the bottoms. Looking decent.
In this analysis, I make an update of GBP/USD after that I was shortin from $1.1574 USD and I closed up my short position recently at $1.1528 USD, where I get 43 pips in profit or 4.33% of earned. Ok, what we look now it's a break-out of market structure in H1 timeframe. we was shorting and the minimum price was $1.1407 USD. Also, I believe that after we forming...
Fundamental Analysis: ***1) Germany, Europe's largest economy, is still on course for a recession even with a new government plan to spend 65 billion euros ($64.49 billion) on shielding energy customers and businesses from soaring inflation, economists say. 2) The latest package brings to 95 billion euros the amount allocated to inflation-busting since the...
We have some 4 Hour Bullish Divergence here that could take us back to the upper portion of the range.
In this forex par, was a pretty well trade to long position when I identify very well a bullish divergence in RSI forming a lower high and price action lower low. The RSI had indicating a change of trend in GBP/AUD what this trade was pretty well to trade in long position. I was like 100 pips in profit or 6.33% in earnings in this trade. But from this point at...
H4 - Price is bouncing higher from a key support zone. Bullish divergence. H1 - Bullish convergence. Until the key support zone holds my short term view remains bullish here. A valid breakout above the high at 1.52860 would be the validation for this bullish view.
We have a bullish divergence for gold on the 15 minutes for a possible bullish reversal on the immediate short term.
H4 - Price is bouncing higher from a key support zone. Bullish divergence. Downtrend line breakout. H1 - Bullish trend pattern. Currently it looks like a pullback is happening. Until the key support zone holds my short term view remains bullish here.
OANDA:XAGUSD Spot silver put in a triple top in early March into early April on the daily chart. It then descended over the next three months in what may end up being the leading side of a cup and handle pattern into a bottom about July 13th. Spot silver then rose a bit over the next five weeks and now has retested the bottom now forming a double...
We see regular bullish divergence on the MACD developing on the BTC daily chart between this current low and the previous low. The day isn't done yet though, if BTC dumps and turns negative, this argument would be invalid as the new low was still forming. This could signal a turn around to an uptrend. I would like to see some other variables pointing at this...
Price action and chart pattern trading setup > Elliott wave projection downtrend breakout with inverse head & shoulders pattern > A possible wave B rebound targeting 0.382 - 0.5 retracement of A > Entry @ H&S breakout SMA25W > Target @ 0.382 retracement of Wave A / SMA50W zone +25% > Stoploss @ right shoulder / SMA400W -12% > Risk reward ratio: 2:1 Indicator: >...
The EURUSD is successfully holding the 1.0 USD level. This is indeed a significant psychological level, and we haven't seen any weekly or monthly candles that closed below this level. On the RSI indicator, we have a bullish divergence on this daily chart, and we also have another triple bullish divergence on the weekly chart as well! So, if you like...
WWE is in a falling wedge ; I had a good pop from earnings a month ago and another earnings report is upcoming. The RSI oscillator shows bullish divergence increasing the probability of a breakout. I see this as a long trade with the RSI confirming and in the context of upcoming earnings, I will agressively enter without waiting for a retest as soon as...