Bitcoin is seeing some very bearish signs on the weekly chart. We had just seen 3 white soldiers pattern end with an ATH blow off top and grave stone doji. Historically this has marked the end of a run up.
Will it be the same this time?
In my opinion, I believe so. We are seeing a lot of bearish divergence on MACD/RSI. As well as bearish price action...
This is basically a quickpost. The blue anchors show where both BNB and Sol have the fib log channels swing lows and a swing high point to define the fib log channel. Sol just closed at the op of the fib log channel 2 line. That is a very significant long term target after popping up out of a rising wedge. By my estimation most of the profits have already been...
Pundix is forming a rising wedge, which has a high probability to break down. The target would be 90 cents. We are also testing the resistance and support of 1.75 dollars.
One bad thing is supporting the rising wedge, Pundix is forming a gravestone doji, which indicates downside.
Hope I could help you,
This asset is looking weak on both the daily and weekly
we have a rising wedge on the daily and on the weekly we have a Gravestone Doji as seen here:
If we break down out of this wedge i will target the 0.786 and 0.886 retrace for profit taking.
Price looks extended into resistance, after a huge gap up we saw a huge spike in volume.
Now it appears that the sell side volume is taking over as we have not had many green days since we got here and the MACD has given us our bearish crossover.
The weekly does not make make it look any better as we seem to have a confirmed Gravestone Doji on our weekly chart:...
$MELI Hitting Resistance - Candle of Death
Looking over-extended with the gravestone doji on 4 hr chart - finding resistance at the 1.618 fib level. High risk short play.
Short term target - $880.00
If 20d ema line is broken we could see $800 near term.
Note: Education analysis, not investment advice.
Forming Gravestone Doji near in the area of resistance zone. Are sellers taking over? Stochastic momentum loosing too. I would like to go short on this pair for coming week. Watch out the fundamental news, this is technical analysis only. The profit or loss you get is not responsible to me.
Looks short to me, I note price dropped out of the ascending trend line & appears to be trying to climb back in, but, on the 1Hr we have a nice bear flag forming and on the 4Hr we have a gravestone doji. My short target is indicated with the white arrow.@$7800.
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Bearish sign on LTC is that price formed a Gravestone Doji at the hard Resistance level. We can expect a correction at least to one of marked levels.
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Gravestone Doji - ' A gravestone doji is a bearish reversal candlestick pattern formed when the open, low, and the closing prices are all near each other with a long upper shadow. A gravestone doji is a bearish pattern that suggests a reversal followed by a downtrend in the price action' If anyone knows the best timeframes used for these dojis that would be helpful.
So, all last week the hype, and what was keeping the pumpers pumping, was good news on the trade war front. The news - talks would resume, and China would not immediately retaliate. But, there were 2 key words in there that the bulls didn't want to think about: "talks" and "immediately."
Talks would resume - So what? They've never really stopped "talking."...
BA I believe is gonna have a hard time moving up through multiple resistance areas. As seen in previous post (linked) BA printed a bearish reversal sign candle in the Gravestone Doji. In trading this candle, the sell signal is the price closing below the LOD for the doji, which occurred today. Backing out a bit, you can see the loss of an uptrend support line,...
Details on chart. See linked pic for diagram of gravestone doji rules and implications for reversal. Also ran into 125 moving average resistance. I like Sept. 6th P312.50 for about .82 per contract right now. Happy hunting and GLTA!!
RUBI moved into overbought (MFI indicator) territory after a cup and handle formation. Will set a tight stop at the peak of the gravestone doji and look to sell before earnings. If this eventuates, it could form a larger cup and handle formation, something to keep an eye on after earnings is released.