Potential continuation with confirmations from the MACD histogram. Will post updates along with targets if there is a breakout.
NANOUSD formed similar structure as ZILUSD before breakout. ZILUSD reached almost 1 on fibornacci retracement and formed Bullish Divergence. Let's see how NANOUSD will do as it also shows bullish divergence. TP1=7.70USD TP2=9.57USD TP3=11.45USD SL=1.098USD
Brent Crude Oil has fallen quite far from its yearly high of $135. That was almost two months ago. Ever since the price crashed down to $100 in less than two weeks from the high, the price has been swinging very nicely between Fibonacci levels. I had done some analysis of that in a previous post. However, today I will be analysing two chart patterns that have...
TSLA is at a critical point with the volume shelf and other factors that could mean either direction. Bull Case: Retesting Breakout Level Falling Wedge on Daily/65m Bullish Divergence on 65m Some Bollinger Band squeezing on 65m Bear Case: Net Premium flow favors puts heavily Bearish Engulfing Candle on Weekly MACD crossing down on Daily Hidden...
Hi Traders! Here is our analysis for AUDUSD. If you have any questions, additions or another point of view, we would be glad if you comment! Thanks and successful Trading :-)! --------------------------------------------------------------- ***Trade at your own risk*** ***Not every idea is traded by us***
Welspun India is about to boom!! - The MACD line is above the Signal line - RSI is about to cross 60 - Supertread is in green - 5 DMA is cutting 26 DMA Most Indictors are showing good strength **Disclaimer: Do Your Own Research** **Our content is intended to be used and must be used for information and education purposes only. It is very important to do your...
This is Matic/U.S Dollar and I'm using 3 indicators to help with eliminating false buy/sell signals. 1) MACD 2) RSI x 2 ( 25 & 100) 3) Supertrend New to day trading crypto but these are super helpful indicators and you have to make sure the lines cross in the RSI and the MACD to have a good signal to buy or sell. In the MACD the blue line must cross the...
We had a bullish divergence in the weekly time frame on the MACD indicator. Last time this happened we had a 300% bullish run. Following the current trend-line, ATOM might be able to break through the short and long-term resistance levels. I personally think ATOM - COSMOS is a good project in the crypto scene and one that is currently undervalued. I would put...
Hi everyone, According to my daily candlestick charts, #Falling Wedge it seems that we are currently inside a Falling Wedge since 2021 March 15th, and according to the rules, we already hit the top 3 times, and now we have to head to the bottom to reach 3rd time, and after that we burst. #ICHIMOKU CLOUD We can clearly observe that we are inside the RED ichimoku...
Honestly Home Depot is at a pretty stable support level( at 300) that it hasn't broken over the last year... That's not to say that it wont break under. I think That HD will go back up to the 330-340 range within in the next couple of weeks. MACD is in a downtrend momentum but that can all change the market had some pull back the last couple of days after a...
Price exited from the pitchfork , I am going to go short , if macd touches 0 line from the bottom
MACD &RSI convergence/divergence. What do you say; is it Legitimate? Do you see a flag forming there? drmikecrypto
GBPUSD continues its bearish run. With spike in inflation in usa, the pair makes its steady flow downhill. tp1 1.30413 tp2 1.29728 tp3 1.29110 Lets have coke downhill folks FX:GBPUSD
Possible moves of Gold in this week i mentioned in the chart, if we look technically macd is giving divergence, after a huge fall, market may go for retesting the supply zone, near targets i mentioned in the chart, if you like my analysis, Kinly follow me. comment. i need to know you openions. if you are in profit, using my analysis as advice, than kindly feedback.
worth a shot if used stop loss correctly...
Chart - BTC on the weekly timeframe. Weekly is not the strongest macro timeframe. Sometimes proves false signals. Dragonfly / Gravestone Doji - Highlighted in the green are the dragon fly doji's (recent signal doesn't close until Sunday) - Highlighted in the red are the gravestone doji's - Arguably the strongest significant Japanese Candle Stick for trend...
Short MELI CMP $1085.36. This one is clear downtrend. Appears to be double bottom pattern but price will continue to fall to $900 area as per analysis. Trading below all major moving averages. No signs of buyer stepping in. MACD turned negative recently. Short target of $900 area coming soon which is also 200 SMA level on weekly chart.
Hey Traders,' As you can see on the 1D chart of LTHM, we have experienced lower lows and higher lows, symptoms of a falling wedge. The target out of this falling wedge would be $30-31. However, I would keep a close eye on the golden pocket level and potentially start taking profits at $28. The weekly MACD is also showing signs of reversal to the green area. We...