BTC is reaching the apex of a Rising Wedge (4H). Rising Wedges break downward 68% of the time. Bearish divergences in both MACD and RSI signal a correction. DMI is still shows price trending with +DI over -DI, so we have a mixed signal. My view is that BTC is around ATH and RSI in particular is good divergence indicator. Anything's possible with BTC but to be...
Rio has successfully completed a rising wedge pattern - broke down the support line and now it's slowly going to test it. It seems like very likely the support becomes a new resistance and stock is going to go down. However, it has also stopped at the 50MA with slightly increased volume, which may signal also a support. Now, it is crucial to watch the lower trend...
clearly can see a rising wedge, bearish indicator my trading discord bit.ly
OMG USD has been witnessing unreal gains. It has recently went from $1.41 to $7.50 in a matter of days. However, price seems to be consolidating over past couple of days, creating multiple patterns. In the long term trend channel, we see a rising wedge formation, with a definitive bearish divergence forming in Relative Strength Index. In most recent...
It was about time to see some correction to one of the most profitable sector since 2016 and technology sector is already started a correction. When it is going to stop we will see,but for sure not yet. Google just got a record fine of 2,7$ billions from EU,Apple dissapoints with recent sales on I-phone and innovation and technology sector down it goes after...
thepatternsite.com Three rising valleys study
I believe digibyte will rise of the next few days, and eventually break out and shot for the moon.
After forming a double top pattern, the inevitable fall came and XEM / NEM was forgotten by many, being the fourth most important coin in the ranking of the crypto market. Following Bulkowski's theory about the Adam & Adam double top pattern, where levels A, B and C are marked, and then take a change in the trend towards a bull market. coinmarketcap.com We will...
-higher time frame shows defined uptrend and significant trend strength -intermediate time frame shows strong uptrend with rising moving averages with price reaching resistance area of 125.5x area -looking to price to test demand line and pullback to 125.56-.57 area which is the .236 retracement level on the shorter timeframe and demand line area -rsi and obv...
-long term trend- rising moving averages with strong trend -intermediate trend in positive with relative strength increasing with room to run -intermediate moving average is slightly weakening pulling back into .38 retracement level and where dynamic support is found -volume by price is showing there is volume in this area supporting evidence that shows possible...
After a small decline two days ago, the bullish trend continues, surpassing the price of 75. There are no clear signs of depletion in the trend
The rise in the price remains strong, even reaching levels that were a month ago.
DIS was going higher within an upward channel or rising wedge formation. It seems broken down the pattern, retested the broken support and getting ready to rollover. It would be a good short, If it breaks below 50 day MA, and for trade we would consider $110 May-17 Puts * Trade Criteria * Date First Found- February 23, 2017 Pattern/Why- Upward channel or Rising...
Possible formation is a rising triangle. Alternatively, it can be a double peak formation. Wait and see.