I will be playing XRP for a potential Bullish Bounce for now but i will be exiting around the 50 percent retracement due to the potential of developing a Bearish 5-0 later.
ETH sitting right on its 20day EMA at the moment and approaching the end of another rising wedge ( bearish )- See Previous Charts
- Following an ABCDE pattern from the previous rising wedge it broke below
- Bearish divergence on the RSI
- Expecting further downside, watching for a long-term entry circa/sub $2,000
ETH forming a symmetrical triangle- will be...
Bitcoin is in very important situation.
It has the resistant area of 41k to 42k ahead and also EMA-200 an daily chart.
EMA-50 is already crossed the EMA-100 downside on daily chart
the RSI indicates that Bitcoin probably is going for lower prices.
in this scenario , the next support level (between 30k and 31k) on daily chart can respond to sellers and bounce the...
OKTA has a double top in the 30min, and an RSI divergence as well. This indicate weakness, but it is true that OKTA can do something pretty nice, especially if it drops again to the 20ma.
Things could go wrong if it loses the 20ma in the 4h chart. But OKTA ia almost breaking the pivot at 231.81, and this will make it close the gap at 245.
We see no RSI...
Ok, MSFT finally closed the gap, as we expected it would, but now it has some problems, and we must be aware of them. First, we have a divergence on the RSI, indicating some exhaustion. Second, it lost the 257, and although it did a brief recover to the 20ma, it couldn’t keep above the black line.
In our last analysis, I was saying that the gap were at a 261,...
Yes, PLTR did break the point we mentioned last week, and now it is almost 1 dollar away from our target.
Even with a RSI divergence, PLTR triggered the ascending triangle, and now the 26.22 is our next stop. PLTR is a great company, which I like to trade, but I also invest at it.
For now, I’ll assume it’ll hit our target, unless it loses the 24.68 again. Then...
We have a few things to keep in mind here:
First, it is a bullish momentum, and rn it is just dropping to the support at the 20ma/previous resistance at 46.26. Nothing amazing. But, if NIO loses both supports, it’ll trigger the advanced breakdown as the RSI suggests.
We have a small divergence in the 4h chart, just when we hit a resistance. Also, we went...
How to filter a nice entry, on the developing 30 min chart of BTCUSD.
1. Need to form a lower low, after the consolidation below the 20 SMA (in this case - median of the bollinger bands).
2. After the thrust down and a new low make sure that RSI displays a divergence with the price action (red lines).
3. Most important: price should display a strong move to the...
The Stochastic RSI on the 1D BTC/USD chart shows higher lows while the Bitcoin price is showing lower lows. This bullish RSI divergence can potentially lead to a short-term uptrend by Bitcoin and we could see it challenge the key 40k resistance level.
Ok, PLTR did break another pivot at 24.33, and it hit the resistance at 24.68 again. Now, the situation seems pretty simple: If it breaks the 24.33, then our next stop is the 23.51. If it breaks the 24.68, then we’ll keep climbing to the 26.
There’s an ascending triangle in the 4h chart, and this favors long trades. But we still have an divergence on the RSI,...
NIO hit the 42 again, and we have a pivot that could trigger a buy, at 43.04. We have no RSI divergence, but we are still far from the 20ma in the 4h chart.
Also, we still have a small divergence here. This makes me cautious about NIO. Either way, if it breaks the pivot mentioned in the 30min it’ll be a buy. It could be better, but if you have fomo just buy a...
The situation is quite simple on PLTR: We have an ascending triangle, and to the side it breaks, it’ll be good.
If it breaks downwards, which is something the RSI is telling us it’ll do, the 23.50 is the target.
The 4h chart is a little bit more pessimistic, because PLTR has no supports aside from the fibs retracements. I’m not sure if PLTR can drop to the...
NSE:BANKNIFTY
Bank Nifty has entered the bull market and is making higher highs and higher lows. 1 hour chart showed negative divergence and this stock could possibly retest its previous zone which is also Fibonacci 60% retracement which makes it an important zone. After the retest it could make new highs.
Good day guys! I have been patiently waiting for this setup to activate. However, price action for the past two weeks found a way to rally some more. This has led to the RSI Divergence continue on its path. If you notice the head and shoulder has formed on the 4hr, with he bearish RSI divergence, with the fed saying the end of last week they are wanting to tamper,...
In WEEKLY time frame it has activated a Bullish Hidden RSI Divergence
In DAILY time frame it has activated a Bullish Sea Horse Pattern
These suggest levels of 36000/37000 as possible targets.
View gets negated below 32500
My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
-------------------------------------------------------------------------------------------------------------------
Analysis:...
