On the above 4-day chart price action has corrected over 90%. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence with price action. 3) Price action prints support on past resistance since breakout. Look left. Is it possible price action falls further? Sure. Is it probable?...
Solana printed an evening star, road back to 200MA support seems likely next. ⚡️⚡️ #SOL/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Short) Leverage: Isolated (2.3X) Amount: 5.0% Current Price: 171.72 Entry Targets: 1) 172.56 Take-Profit Targets: 1) 142.59 Stop Targets: 1) 187.58 Published By: @Zblaba CRYPTOCAP:SOL OKX:SOLUSDT.P #Solana #SPL...
1. Data Main Net in 2 Days do not miss this one. 2. Big Part of DEPIN Narrative. 3. 4 Weekly Targets are as above in Chart 4. Seems in an Ascending Triangle on the weekly and about to bust resistance at $0.09 5. 4X Quite easy as not much resistance ahead.
#OM/USDT #Analysis Description --------------------------------------------------------------- + I'm seeing clear RSI divergence pointing towards bearish price trend for the OM/USDT + Also the chart looks like the price has reached double top pattern which is a bearish pattern. + Overall there is a short trade opportunity if we trade carefully....
#ALICE/USDT #Analysis Description --------------------------------------------------------------- + Alice is exhibiting a distinct RSI bullish divergence, indicating a forthcoming bullish trend. + As depicted in the chart, the price has experienced a minor surge following the bullish divergence, accompanied by a decisive breakout from the resistance line. + This...
I see people trying to short this market! WRONG, WRONG, WRONG. You should be LONG, LONG, LONG. Whilst the slow stochastic's are embedded - which they have been for 10 days now. How do Slow Stokes embed? 3 continuous days with readings above 80 on the K&D line. You now have a indicator that has flipped from overbought to a LOCKED 🔒 in trend. (This also...
TRX will grow to higher areas after breaking the trend line, I also see divergence,, in RSI. But even though I think the pullback has been stirred, you can wait until the break of the trend line, and then buy. ✨
It's always important to look the US Dollar when determining the outlook for Bitcoin. Remember, when the US Dollar rises, Bitcoin does the opposite, which is why the price of BTC is experience in the red. However, looking at the US Dollar Chart, the DXY is oversold on the Relative Strength Index. This is a bullish momentum for Bitcoin, as the US Dollar can...
Red count from the last update here seems to be the possible winner. Got some decent RSI divergence going on here on the daily and 4h. If this plays out as a leading diag to the downside, a retracement might very well go into 250+ before continuing further down.
BONK/USDT next move assumption - Not a trading advise. The weekly and monthly are at strong Buy The daily also with buying orders placed. At the short time, the selling is high hence that is my thinking. Patience is great.
LSE:IBT March 15, 2024. 15 Minutes. NASDAQ:IBIT retraced back to 200 averages in 15 minutes time frame. For the rise from 34.03 to 41.99 NASDAQ:IBIT has retraced to 38.2 levels. And for the rise from 37.77 to 41.99 it had retraced more than 61.8%. So holding 39 resistance can be expected around 41-42 levels. On the downtrend i expect 37 as a target...
XJO has recently broken out of a rising wedge on a daily. MACD has now also crossed, showing bearish divergence on a daily. Finally, as at today's close, XJO has completed a head and shoulders pattern on an hourly. The measured move is 150 points to 7,550 although 7,565 looks a little more realistic. Stops just above the right shoulder at 7,750. BBOZ time!
PEPE broke above the short-term resistance trendline, watch for a retest entry. Entry on a breakout above newly formed resistance would also be fine. Traders that used retest entry from my last idea are in the nice profit already... BTW I would like to see RSI go above 60 for this to be a nice move up. Details on the chart. Good luck traders
SEI - CRYPTOCAP:SEI There is a potential set up in SEI with a decent risk:reward ratio of 9.5 ❌We want high volume but we do not have it yet ✅OBV is breaking out (might be an early sign of volume to come) ✅ We are above the 21 day moving average and above the diagonal support line The 21 day MA and diagonal support line could offer a buying opportunity for...
Hey guys, didn't post new set-ups because the market is quite boring right now. But explored some ETF and found an idea for stable trades. As we know, ETF's and some pairs are like to move in long channels, which is pretty easy to trade. Here at the S&P500 we can see the raising channel from 5th January and I mark the zones, where you can open long positions,...
According to the US Dollar Index, dollar longs are under pressure. Despite still technically exhibiting an uptrend, there are signs of technical weakness emerging. Since topping at 104.97 in mid-February (just shy of resistance at 105.04), price action has tunnelled through support at 104.15 (now marked resistance) in addition to channel support, extended from the...
On the above 5-day chart price action has corrected 96% since the sell signal (not shown). Now is a good opportunity to go long. Why? 1) A strong buy signal prints. (not shown). 2) Price action resistance breakout (USD and BTC pairs). 3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over an 80 day period. 4)...