After a formation of a double bottom, we can see the price crossing the two resistance levels. Making a Gap on Thurdays Open. DMI is showing some bullish strength, RSI is at an extreme of overbought. Volume is increasing right now, after decreasing on Thursdays. WIth these factors, the price it will probably try to close the gap or even test the new support level.
On the above daily chart price action has enjoyed a powerful upside move. A number of reasons now exist to be short: 1) Failed Relative Strength Index (RSI) support. 2) Failed Money Flow Index (MFI) support. Smart money is exiting. 3) Price action has exited the Bollinger Band. (Green circles). 95% of price action trades around the mean (black line) inside the...
On the above 3-day chart price action has corrected 90% since the sell signal (not shown) at $1.40 after a 500% run from the previous idea. Now is an excellent long moment. Why? 1) Strong buy signal (not shown) 2) Price action resistance breakout with confirmation of support. 3) Bullish hidden divergence. Often I talk about regular bullish divergence. Hidden...
but only for a little while. Do not believe this is another January 2021 moment, there's good reason for that. For other tokens, yes. For Dogecoin, a rally into a continuing Macro Downtrend. On the above 3-day chart price action has corrected 90%. An excellent long opportunity now exists. Why? 1) Price action and RSI resistance breakouts. 2) Price action prints...
Here is a short explanation of the "continued upward trajectory for a while longer" concept mentioned in the previous idea. This term suggests that the current trend of price movement could also maintain upward direction for a certain duration before reversing. Such occurrences in silver price movements are relatively infrequent and have only happened three times...
🔍Today is Sunday, marking the end of the week and typically low trading volume. Hence, we'll analyze the weekly timeframe for Mana against USD for potential insights. On this timeframe, Mana has reached a supply zone, evidenced by a bearish engulfing candle. However, the current candle is showing signs of buyer strength. 📈If this candle closes bullish, we can...
Silver: Daily Fibs and Indicators: Silver has a bull fib objective that takes it to 28.86, a massive move. It held it's 61.8% line in October 23 and was on it's way until December 23 when it stopped at the high of it's daily range. We traded down early in the year, only to test that high again htis past week. And, we are selling off of it again. We can't trust...
CLSK is tied to the ebbs and tides of the crypto market especially high market cap Bitcoin. On the 120-minute chart, it is trending up from a reversal. The 0.5 Fib level is above at 10.0 about 10% upside from the current price. Earnings are February 8th. The last earnings saw a big turnaround as CLSK started to make money. Price is currently about 90% below...
Gold: Daily, Fib & Indicators . . . We hit the high a week ago, corresponding to our objective from the Daily Fib Long in October 23. Now, we are lining up for a daily retracement of that move from October 23 to our highs. We could spend the next2-3 months heading down to the bull fibs, between 1968.76 and 2066.42. The daily chart, even with the Asian breakout to...
It is evident that the indicators have indeed continued to travel in the overbought area as anticipated. Now, it is crucial to exercise caution since both the slow and fast trend indicators are coming down from the overbought regions. This situation presents two possibilities yet again. Firstly, there is a chance of the trend continuing upward for a while...
Hi. I have to admit that there is an increasing likelihood of dominance falling off the ascending diagonal at last. The 1 day and 2 day charts show the corresponding signs. But things are happening very slowly. We have to wait for behavior around ~52.7% . But signals are very interesting. 9 seasons showed a bearish plot again. LaRSI reversed on 2 days.
Crypto has been on a general down-trend the last couple of days. In the last hour or two we've seen a temporary increase in the cryptos I've looked at but I'm not seeing volume to support the uptrend. In particular, I've been following UNFI in particular (main chart) and it looks like there's some buy/sell algorithms oscillating generally between the hour chart...
Please see the chart for details. If you are familiar with trading set ups, The entry zone, stop loss and take profits are shown on the chart in the trade box.
There is a positive divergence in the RSI on the daily chart. Looks like it broke the falling wedge. It may want to touch the descending trend line again. However, it will push long-term resistance levels soon. It may be one of the leading altcoins in the bull run.
XAGUSD can be attempted to short on bearish divergence indicate that trend will be reversed. SL , TP mention in chart.
We saw BINANCE:BTCUSDT break all time highs followed by a retracement. Currently, price has broken a bearish parallel channel and found support at a long term support trend line. Bullish divergence is also present at this level! I am expecting the bullish momentum to continue on BINANCE:BTCUSDT !
Couple points to consider 1) RSI 2) Bullish divergence as drawn 3) Price below BB (In general price tends to print inside Bollinger Bands, usually a move below/above them will almost immediately result in the opposite move) 4) 5 oscillators flashing bullish on 3D chart For me an easy 20-30% profit long trade. Too bad I can't be arsed to open a trading account on...
🔍Today is Friday, with just one day left in the trading week, and the market could still offer interesting moves. Hopefully, you've opened positions and profited. Yesterday, after some ranging, the market followed the anticipated pattern, with higher timeframes exerting more influence than shorter ones, propelling the market upwards.Today's focus is on BNB, which,...