Euro/Canadian Dollar show us a momentum of possible change of trend in this Forex par. So, in the RSI we see a lower high in the divergence developing and we could to have a good perspective to see long. I hope that this idea support you1!!
it seems like a temporary bounce may be squeezing shorts on the daily indicating a retest of the 37k area monthly trama 12 is still in the high 40ks but sinking
I feel like this Gartley could extend further down towards the 88.6 Retracement as that would be closer to the 1.618 Extension of this Gartley but it seems like it could be just as valid for it to reverse here at the 0.786/1.414 Confluence Zone so I will opt to try my luck and take an entry here and if it goes lower near the 886/1.618 Confluence area later i will...
I'm looking at some on-chain metrics such as dormancy levels, and I think if we can manage to decouple, it looks like a possible entry to accumulate. I see some bullish div on the RSI, so I'm going to be searching for some confluence in the upcoming days. On my previous weekly chart, I showed an Elliot wave scenario and mentioned I'm going to be looking for more...
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...
W1 - Price is bouncing higher from a strong support zone. Bullish divergence. H4 - Bullish trend pattern. Currently it looks like a flat correction is happening. Until the key support zone holds my view remains bullish here. A valid breakout above the top of the range would be the validation for this bullish view.
Pintrest is at a very interesting area and we are already getting a bit of a Bullish reaction here once the MACD crosses Bullish on the Daily we should see some nice follow-through
RSI outperforming recent trend on the smaller time frames - If you zoom out KDA on the larger timeframes is a large descending wedge. Time to break free.
The next few hours/days look to be a potential "break or bounce" moment for bitcoin. After the recent lows from January, a precipitous channel had formed and was broken upward (light-blue dashed lines) forming what looks to be a bearish channel for which the price current is dancing along the bottom (solid white lines). What is interesting is that bullish...
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. Outcome...
Price action and chart pattern trading setup: > Falling Wedge pattern with bullish divergence signal > A possible dump & pump at volume profile point of control VP-POC? > Entry @ Falling Wedge Breakout? > 1st target @ upper resistance of parallel channel zone B and D position - upside +15% / +25% > Stop-loss @ C position zone - downside -7 /- 10% > Risk Reward...
Price action and chart pattern trading setup > Falling wedge reversal pattern with bullish divergent signal > A possible upcoming dump & pump at the volume profile point of control position > Entry @ wedge breakout > 1st target at 0.786 - 1.0 upper parallel channel resistance > Stoploss @ lowest point of wedge zone > Risk reward ratio 2:1 for medium term...
Tilray Brands, Inc. NASDAQ:TLRY Tell Ray to...I mean Tilray... okay, okay, okay. Tilray got himself in a descending triangle. My question to you is-Will Tilray get up and leave or will he fall down to his knees? Well, I've cooked up an answer of my own after analyzing the information he provided on the daily chart. My findings are recorded below. Pattern...
DOT daily chart is looking very bullish...everything that it needs to break thru is all in the red circle.The white decending treadline, we have the 50/100 ema, bull market support band, the Hull suite indicator. RSI is looking great and macd is as well. we have Bullish Divergence on all cylinders, time to Rock nRoll
Hey Traders, As you can see on the Daily Chart of Litecoin (LTC). Price action has formed a falling wedge which will breakout at the end of the month. The target for this is the .618 level which is about $119. Additionally, the RSI oscillator has indicated we have a weak Bullish Divergence. To also go with the $119 target is the orange basis weekly Bollinger Band...
- 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...
Hey everyone, 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...