- On the weekly/3D chart we can see a parallel channel and the price is currently on the support of the channel. - Due to my Elliott Wave analysis - the ABC correction has been completed successfully and now we are prepared for another bullish market! - 0.618 FIB is the strongest FIB level and the price si currently sitting on this level. - If we take a look at...
BTC LONG TERM - On the 1D the green spot has confirmed from yesterday with bullish divergence at the same time but the stochastic Is still crossing down on the 1D. On the 4H It has come down to the 55 Ema it would be nice to see it bounce off that, If It does then I can see a bit more upside towards 21700. BTC SHORT TERM - My short term target from yesterday was...
BTC LONG TERM - On the 1D it could get a 3rd strike of bullish divergence on the Crypto trend indicator which could maybe give it a little bounce upwards to 22900 then maybe come down further once the divergence has played out. BTC SHORT TERM - On the 1H it looks like it wants to bounce a bit more, it has broke the 21 and 55 EMA with the stochastic crossing up...
Price prints lower lows While indicator prints a higher low This is a Classic Bullish Divergence Daily timeframe
Daily Triple Bullish Divergence on the RSI seems to be hinting towards a future scenario where the AUD will see a Bullish Rally against the CAD to the top portion of the range it's formed down here.
If you thought the trading was terrible wait till you see this chart. God damn, everything has to either a. not trade at all or b. monitored every 3 seconds. The 4hr divergences trumps the 1hr. And weekly the daily etc. Sorry about this whipsaw but it's the nature of the beast.
H4 - Bullish convergence. Most recent downtrend line breakout. Until the strong support zone holds I expect the price to move higher further in the short term.
We are at the 88.6% Fibonacci Retracement and showing Moderate amounts of Bullish Divergence on the RSI if we can catch a Standard Correction of the Downtrend we could see it pump back up to the 200 Day Moving Average which is Currently near the next possible resistance zone above if we were to rally from here.
Price action and chart pattern trading setup > Downtrend target in range with an ending diagonal pattern of wave C correction > Entry @ Elliott Wave channel breakout > Target @ SMA200 for medium term trade > Stoploss @ Target Wave 5 with downside -10% > RRR: 2:1 Indicator: > MACD bullish divergence continuously Always trade with affordable risk and respect your stoploss
Hertz has been moving sideways really since February. Holding up well in overall bearish conditions. Now showing bullish divergence indicating that momentum could be about to turn. There is horizontal support around the $15 mark, making this a lovely risk to reward play. There is resistance around the $20 and $24 mark but this has plenty of range for a longer term...
Pretty much everything you need to know is in the title but if i were to elaborate on some details i'd add the fact that there is Bullish Divergence on both the Daily MACD and RSI.
D1 - Price respected the psychological level 1.55 and bounced higher. Bullish divergence. Expecting short term bullish moves to happen here. H4 - Bullish convergence. Currently it looks like a pullback is happening. Until both the strong support zones hold my short term view remains bullish here.
MTL has broken the trendline. A weak bullish divergence is also detected.
WAVES has been one of the most performative cryptos in Mars 2022 with more than 600% raise. A (medium) bullish divergence on 1D Time Frame can be seen in its chart. How high would it go this time? As usual, I put some targets and the nearest support as references.
On 4H time-frame, JASMY formed a triple bottom. It has broken the neckline (also the trendline). Successful retest is going to be confirmed (let's wait for the current 4H candle's close). On the higher time frame 1D, we can see a medium bullish divergence which reinforces the upside move (see below).
Price action and chart pattern trading setup > Bullish Dragon pattern in correction wave A, possible reversal for uptrend wave B > Entry @breakout channel dragon ridge > Target @ 0.618 retracement of previous top SMA200 zone > Stoploss at the low A position - RRR: 2:1 downside -7% Indicator: > MACD bullish divergence signal crossing up baseline 0.
H4 - Bullish convergence. Currently it looks like a pullback is happening. Until the key support zone holds I expect the price to move higher further after pullbacks.
As you can see in the chart Bitcoin looks very bearish, it has reached the previous bull market high witch is a strong support, but it broke this one and closed a daily candle under it. It has made lower lows but if you look at the Moving Average Convergence Divergence indicator it hasn't reached new pronounced lows while bitcoin has. It has formed a clear triple...