We have Hidden Bullish Divergence above all the Moving Averages and near the BAMM triggerline, if all gues as expected we should see $7.43
We have a Bear Flag with Double MACD Hidden Bearish Divergence while the RSI rests on the edge of the Bearish Control Zone. We have broken down a previous flag under similar conditions before. This time if we break down my target will be the 0.886 Fibonacci Retrace below.
I'm yet to be convinced that the Monero Cup with Handle has been invalidated as it would seem a small Gartley and some Hidden Bullish Divergence has formed at these highs and may allow XMR to hold the channel. As a result i will be doubling my position but tightening the stop with the same profit target as before and an end of week goal.
XRP since it was listed on Poloniex back in 2014 seems to have mirrored the overall price action of BTC over the years but at a much slower pace. It would appear that BTC makes the move first then XRP takes about 65% longer to make a move of equal significance. We can see that BTC had a Major Pump in 2013 and that from there it traded within a range until 2017...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/AUD Buy. Enjoy the day all. Cheers. Jim
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CHF Buy. Enjoy the day all. Cheers. Jim
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/NZD Buy. Enjoy the day all. Cheers. Jim
XRP is sitting above the 89 and 200 day Moving Averages and has developed some nice looking Hidden Bullish Divergence if it holds out we should atleast see XRP come up to the 1.618 Fibonacci Extension. Ethereum's activity overall is not looking like a very fun market to sit in however there are many alts that seem to be setting up to take ETH dominance away from...
SOL is in a Descending Broadening Wedge Visible with RSI Bullish Divergence Visible on the Daily and MACD Hidden Bullish Divergence Visible on the weekly at the PCZ of a Bullish Shark
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/CAD Buy. Enjoy the day all. Cheers. Jim
The range bound Nikkei is rebounding off support at 25,750 and heading back to the mean at 27,875 and possibly to the resistance at 30,000. The last pivot low has created bullish hidden divergence which could mean the Nikkei breaks out of its range and rallies higher.
TLDR Every time the chart has looked like this bitcoin has had a powerful move to the upside. The easy bet is price will go to the upper limit of the monthly bollingerband before "deciding" if it wans to go higher. Analysis The Bollinger bands are a marvelous indicator that helps predict where price action can ranged based off of statistics depending on your...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/JPY Buy. Enjoy the day all. Cheers. Jim
...
XRP has Broken Out of a Consolidation Pattern and is above the POC and our Measured move would take us up to 61.81 Cents. We also Have 4 Hour Hidden Bullish Divergence on the MACD as can be seen in the screenshot below.
Link several weeks back bearishly reversed at the top of the local range which lined up with the PCZ of a Bearish Bat and the target i had set for it was the 50-61.8% Retracement because there was a higher probability that Chainlink would reverse Bullishly there to begin to attempt a Partial-Decline. We've since begun to reverse at that level and are showing...
Ravencoin sits at the 61.8% Rertrace of a Potential Cup With Handle at the PCZ of a Bullish 5-0 with Hidden Bullish Divergence on the RSI. This isn't my most convicted trade ever but i think it's still worth giving decent a shot to see if Raven Can hold this PCZ level, if it does then we could then see Raven make a 200% Retrace to complete the Measured Move of the pattern.
LUNA2 is testing the Validation Line of it's second Bullish Dragon of the Trading Day right now which could lead to some AB=CD action to the upside if it holds this level.