There are some technical signs that OANDA:XAGUSD might do a swing up
There is a bullish divergence of price vs momentum
MACD is about to cross the signal line
The downward trendline has already been crossed to the upside
So it might be a good idea to go long with a profit target at the monthly pivot (24.176)
A potential H&S Top pattern in Kotak Bank with neckline at 1630. Pattern target is at 1190.
Elliot Wave wise, Wave B (a triangle) seems near completion and Wave C which will be a five-wave decline is possibly next. Minimum expectation of Wave C is to be equal to Wave A which is at around 1490.
A negative divergence with momentum is seen on daily and weekly...
The bitter memory from 2008 still persists in our minds, or at least in the minds of those who witnessed first hand what a Great Recession is. In 2008 many variables were set and many gears were in motion. Long story short, even though the media has attempted to call a recession, or to spread the fear of the bear among the people, which technically yes, it is a...
BTC looks like it hit a bottom after LFG cleared out its $BTC reserves to defend its stability.
The momentum indicator if continues to curl up may produce a bullish momentum div, not yet confirmed. BBWP reading about to top out, no confirmation yet either upon crossover of its MA. EWT corrective target hit ~$30.7k from 1.272 fibs measured from late Jan....
The next NFT frontier for the apes, APE CHAIN .
Could $APE launch itself to compete w/ $BNB? It all depends on how heavily invested/serious they are in building an actual metaverse to reality. Looking at the founders of the coin, how $APE is now a payment currency on open sea , and how most metaverse projects are having trouble launching, I’m afraid $APE is a...
*Re-post* Previous idea got removed.
A guideline for all variations of a flat correction is that Wave C is required to have momentum divergence (please see linked ideas below).
In this instance, the chart above depicts a Bullish Hidden Divergence on the weekly TF. A Bullish Hidden Divergence occurs when price action prints a higher low whilst the momentum...
Momentum pinball strategy - from the book ' Street Smarts".
1. Sell off day before closing in lower 20%
2. today looking for a reversal - break above the first hours high is signal.
3. Stop below low of day
4. Hold until profit acceptable or near previous highs or until next day only
Quick introduction to the ideas of holder psychology, trading's power to control price, potential BTCUSD bottom.
Also of note is the start of an apparent decrease on momentum and price stabilization that could be indicative of the bottom.
I'm not a pessimist on Bitcoin, I really believe in the technology behind it and in the disruptive power that it brings to the economy and society. But, every market needs some time to rest and to make new money flow.
I believe that an eternal run without corrections is not healthy for any active, stock or crypto...
TA:
We are facing a Momentum Divergence on...
Rejection at resistance zone.
Bearish momentum divergence.
Break and close below 20ema.
Bounce at previous resistance, now potential support (dotted line).
Looking to short at break below red dotted line.
