BNB(H4) Divergence & Pattern
Binance Coin has been observed in the 4-hour time frame with a diagonal pattern at the end of wave 4 with a negative normal divergence.
This pattern here on the chart can be the beginning of wave 5. We have to wait for bears to enter the market
hello traders, this predictions to the downside before reaching to the upside next week. Not 100% correct. might continuing to the downside 50% AKA half way. Made an sell divergence above and also made mini M or double top to potentially reach down to the down side.
Top: SPX500
Bottom: Combo indicator (momentum, ATR, Volume)
Bullish kickoff at the Red arrow. Trend followers, do your thing.
Bearish divergence looms (blue arrows) over next few weeks. Recognize it when it arrives. Its a known known.
BTC is indicating one more up move as price action has not yet created divergence with volume, and staying true to out previous analysis, we should look for buying opportunity here in pullback on 15 min TF
Please note that long term view is also bullish. So its fairly probable trade. This is your typical wave 5 formation period after consolidation in wave4.
Litecoin has a HTF Hidden Bullish Divergence similar to that like Bitcoin atm.
dRSI printing a buy signal same as with the 4HR.
LTF's are looking good with more buy volume coming in the last 3 hours.
Entry: 58-59
T1: 61.50
T2: 64
T3: 68
Stop: 56
Trade, Chart, Learn, Repeat
Coach K
I see positive regular divergence (+RD) on chart.
It's possible to change trend to Bullish.
On the other hand you can see over sold on Stochastic Oscillator.
+RD and oversold on Oscillator make a chance to have long position on USDCAD.
Shayan zamani.
15 July 2019
