Here I have USD/CAD! On the Daily Chart, we have Higher Highs into Higher Lows forming what looks to be a Rising Wedge! Now on the 4Hr Chart I have an underlying Support Zone that I suspect price to test and bounce up from to test the Bearish Break of the Rising Wedge and if it holds, could continue lower!!! Strengthening my Bearish Bias is the Daily RSI High's...
That last time an idea was published for this token a 100x move followed (see below). Can that happen again? All you need do is hold it for a year to find out. On the above weekly chart history appears to be repeating, it all begins with volume. 1) Price action and RSI resistance breakouts. 2) Price action prints on past resistance. Look left. 3) Regular...
As you see we are in a PRZ includes daily resistance area and 4h resistance also in RSI we are in overbought zone it seems we have a short signal in daily and 4h time frames .
Technical Analysis Overview Current Price : $10.34, a 3.77% increase. Weekly Trend : Showing a positive trend with a 5.35% increase over the last five days. 1-Month Trend : A significant increase of 51.96%, indicating strong bullish sentiment. 6-Month and Yearly Trends : A 17.04% increase over the last six months and a 124.51% increase year to date,...
On the above bi-weekly chart price action has corrected over 90% since the sell signal (not shown) at $30. Now is an excellent long moment. Why? 1) A strong buy signal (not shown). 2) Price action and RSI resistance breakouts. 3) Bullish divergence. Multiple oscillators are printing positive divergence with price action. Is it possible price action falls...
🔍Today, being Thursday, presents a favorable opportunity for opening positions as we analyze THETA to anticipate its trend and future movement.On the 4-hour timeframe, after a prolonged uptrend, THETA has reached resistance at $3.574 and is currently undergoing a correction. Closer examination reveals price consolidation in the second leg of the decline, with a...
-----------DAX DOWNSIDE MOVE IS ABOUT TO HAPPEN----------- DAX index shows a few signs that it is ready to deep dive. The course is at all time high. Economic indicators like GDP, interes rate, emloyment don't support that optimistic behaviour. Weekly RSI is at overbought territory. And daily RSI shows divergence. I think it is time to re-consider the long...
FX:EURAUD is currently in a bullish trend forming higher highs and higher lows. Expecting the trend to continue if another higher high is made on price!
TVC:GOLD currently has bullish divergence after completing a bullish AB=CD harmonic pattern. If the LH is broken, we could see bullish price action on Gold.
Measuring from the wick down on 3 Jan up to the recent ATH, KAS has now retraced to the 0.618 Fib level, with the 0.786 at at the 10 cent mark, which is also current 200 daily EMA level. Daily RSI back at levels not seen since last June, signalling a potential buy opportunity, though whether or not the bearish divergences formed from mid Nov to mid Feb have played...
On the above 5-day chart price action has corrected over 90% since April 2021. Now is a good opportunity to go long. Why? 1) Price action and RSI resistance breakouts. 2) Price action finds support on past resistance. 3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 90 day period as was the previous. 4)...
EUR/NOK 4H Chart Analysis: Exploring Cycles and Sine Waves In this EUR/NOK 4-hour chart, we've delved into the fascinating world of market cycles and sine waves to hypothesize future price movements. By closely examining the rhythmic patterns of the market and applying cycle analysis tools, we aim to capture the essence of the currency pair's fluctuations. The...
After breaking downward the channel, we can see the RSI showing a overbought level, with the DMI going lower after a peak. The volume looks to be also decreasing, with sellers losing strength.
On the above 4-day chart price action has corrected by 90%. Today is great long opportunity. Why? 1) RSI and price action resistance breakout. 2) Price action double bottom. 3) Price action prints on past resistance since breakout. Look left. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of...
BorgWarner has tumbled since the summer, and some traders may see risk of further downside. The first pattern on today’s chart is the price zone around $32.75. The auto-parts company made lows there in December and January. It peaked at the same area this month. Has old support become new resistance? Second, BWA is stalling at its falling 50-day simple moving...
All the ideas are shown on the graph. Price action, resistance (trend line) breakout and Buyers majority makes us believe that price will go up to the previous major resistance (TP) Levels. Good Luck to All! 🙌🏽😎❤
Weekly RSI is approaching 30 again. Historically, this has signaled the cycle bottom . Whether you consider this a 4-year-cycle bottom, or a local bottom within a mega cycle , it doesn't really matter. All that matters is that a bullish reversal is just around the corner, and we likely won't see another buying opportunity like this for a few years. Could price...
NYSE:DAR long idea MA and the first two indicators are direction bias (Mean ^, Var ^) The last two indicators are information theory and not directional.