From the chart, price is at 78.6 level. There is some structure to the left.
One the one hour chart there is clear divergence.
Scrolling down to the 30 min chart there is a break of the trendline.
A safe entry would be a stop below the structure. For a tighter entry, then one that is a few pips below the lowest low that price painted. Risk difference is 14...
Price has made another AB=CD pattern to point C.
On the one hour chart, price has broken and looks like it will retest the trend line.
Position boxes have been shown on the chart. Tightest stoploss below last low = 16 pips or more conservative is 45 pips.
Take profit at D point is a nice 230 pips giving a potential risk reward of 14.4 and 5.1 respectively.
- MACD and FI divergence
- Spinning top/doji + big green candle, followed by a hammer with a really long tail. (Bear lost their strength on the big push down)
- Profit target may be quite limited as the range will only allow for about 1.5-2R until a breakout occur
- Not clear uptrend on daily and downtrend on weekly
Overall Trade Grade: TBD
Bullish divergence formed on BINANCE:FUNBTC as the MA200 has been serving as strong support while the RSI keeps on falling. Stop loss is kind of far away so be careful with your position size
Target 1: 0.00000048
Target 2: 0.00000053
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Some new setting on the Oscillator Divergences Indicator.
Fixed the label position when plotting on the price chart.
Added option for EWS to only plot the currently developing divergence (if any).
Added a bunch of presets. These can be when plotting on the price chart and all have the standard defaults.
RSI: Relative Strength Index
MACD: Moving Average...
Farfetch has had a real selloff this past year and for good reasons. Gap down from last earnings, slowly grinding down with major divergence on different indicators and possibly rounding off in this falling wedge pattern. Good risk to reward for me to take some calls and see what happens into earnings. Breaking out of the wedge this week could be a very nice swing...
Neely River Theory is signaling a breakout trade here with powerful potential upside coming in the next few days. Weekly is also painting a long-term bullish divergent bar. There's also a few bullish momentum divergences and we're also above the Daily SMMAs. Fundamentals of WINk have never been better and it is extremely fundamentally undervalued based on the P/E...
We have breakout of the consolidation pattern and bullish RSI. Look back (scroll left) to see the double top Sep 20 - Oct 03 2018; note RSI diverged with lower reading on ATH 3 Oct even as price made higher high. We knew then it would sell. We don't have that yet a year later; we have an ATH; but RSI still not maxed c/w prior highs, I do expect a pullback to...
> On the 4 HRLY chart, we can see another Bullish Div. coming into play, much like BTC\USD also forming a bullish div. (link below)
> As you can see on this chart, the history of recent reversal due to bullish divergences.
This is good to see as it lines up with BTC price chart, with a downward bullish wedge in the making.
With the BTC...
EURNZD Short/Sell Idea
waiting for a momentum candle close below 1.7445 to sell this one
1- Regular Bearish Divergence on MACD (in red)
2- Wedge Pattern (in blue)
3- Resistance/Supply zone from Daily/ Round Level 1.750 (in orange)
Three confluences are enough to consider Selling EURNZD, after a break below 1.7445 (in gray)
Hey traders, hope your week is going well! One of the pairs on my radar today is the USDJPY where we have had a retest of previous structure resistance & may be putting in a 2nd chance opportunity at getting short in the form of a potential double top.
What stands out to me about this situation is the fact that we've recently taken out a key level of previous...
There's currently a large momentum and acceleration divergence forming on WINk, this will likely play out relatively soon and I think that as the larger crypto bull market begins WINk will be a top performing asset for the following fundamental reasons
1) WINk pays large dividends in TRX, which will be a top performing cryptocurrency because it is the largest...