Hello friends. This published idea is mostly for documentation but small signals of Exaggerated Divergence are seen in DXY. In addition, the Envelope RSI indicator and Stochastic have also given a bullish signal.
IOST at bottom of Triangle Pattern that has held the bottom above $0.05000 since 09/07/21. Exaggerated Divergence on 8 hour chart on MACD, RSI, and Histogram. Also in smaller falling wedge pattern on smaller time frame with brake out bringing price action out of triangle pattern to $0.06100. Probably see some resistance around there. Then possibly up to $0.085 plus.
Band trading inside a massive trend channel dating back to August 2nd, 2020. Recent exaggerated bullish divergence formed from the 19th of May 2021 to the 22nd of June 2021, followed by a trend reversal from the bottom of the channel. Price following upwards trend line within the channel, keep an eye. Dollar cost average on dips, take profits at targets. Good luck.
we are exactly on the 21MA daily. Many are scared now, but until we hold this level, we can consider the movement as a normal and healthy retracement and the uptrend can continue. It was too violent to be "real". Also, long/short ratio (adjusted for the holders) reached levels lower than those during the 13th of March due to Covid today. Too much. I still think...
Now seeing bitcoin double toping, it looks like we could be seeing a divergence of a regular or a exaggerated divergence. Now this doesn't effect bitcoin in the long run, but shows that the beat down shorts compared to longs looks like a long squeeze might be underway.
News
-An investment firm increased its bitcoin hold over 16k bitcoin
TA
-Now the bearish...
-Breakout from Trendline Resistance
-2 Daily EMAs about to cross
-Exaggerated Divergence
-High Volume Accumulation
-Good Test Pump
Targets on the chart
Not a financial advise.
