On the four-hour and daily time frame, we have a positive RSI divergence, which is accompanied by the harmonic patterns of CYPHER & Nen Star On the other hand, the support range of $0.2755 has been maintained for now, but we don't have any highs. If the $0.2755 range is maintained, there is a high probability of breaking the long-term downtrend line. What do you think?
Hello dear friends Until a HH is not created for us, we do not have the mentality to continue the increasing process. On the other hand, in the daily time frame, due to the negative divergence of the RSI, the possibility of completing a double ceiling pattern is high. If the price range of $0.4256 is completely consumed in this corrective process, the...
Hello Dear friends Currently, the price is in a long-term descending channel. The positive divergence of RSI has also been issued for us in the daily time frame. But on the lower time frames, our resistance range is still in place and the upward trend has not been placed above the $1.296 range. On the other hand, the upward trend line has broken down and the...
Hi guys We have a positive RSI divergence on the daily and hourly time frame, we have now reached an important support range! If the price range of $7.64 is maintained, there is a high probability of breaking the downtrend line. If the uptrend is above the $13.25 range, we will be issued a divergence confirmation. What do you think?
USD/CAD appears to have completed a bearish Head and Shoulders (H&S) top. Negative RSI divergence bolsters the case for a downturn. The broadly anti-USD response to October's #NFP report may have triggered a breakdown through the H&S pattern's neckline. The measured-move downside objective implied by the setup calls for a test of the 1.30 figure. Clearing...
Hello Dear friends According to the formed harmonic pattern and leading resistance zone, and the signals we have in lower time frames. It seems that the possibility of forming a corrective trend up to the blue range ($23) is high. We would be happy to hear your comments
This Sugar Honey Iced Tea coin has something for everyone right now! Whether you're a Basic Indicator Becky or a Geo/Harmonic tweaker...(or both, like yours truly) 1. RSI Bull Div (my fav) 2. Volume building (my fav) 3. Bear Gartley at major TP zone (my fav) 4. At long-term support (boooorrrrrrrriiiiiiiiiiiiinnnnnnnnggggggggg...jk) 5. Adam & Eve on lower...
A Bullish Gartley Pattern has standout. Usually setup like this will have a V-Bottom than a retest. I still prefer a retest before engaging on the trade. You make your own call, don't follow blindly.
Finally, patience might just pay off. If the current candle closes as it is, there's a high chance for me to look for a shorting opportunity, once market open. What makes is better is a Bearish Crab Pattern materialised on the 1-hourly chart. Guess we can just wait and see.
A retest on 0.8709 could allow me to engage this trade that has already show a RSI Divergence on the setup. Patience is the key for setup like this.
A Potential Head and Shoulders pattern could reverse and turn at 0.6364. I will be waiting for the confirmation signal before engaging in this trade.
Hi there, So many were calling for shorts and few were calling longs but in real what's gonna happen ? Well my answer no we can't say the least we can do is predict the possibility of happening but we can't sure it's gonna happen. So without any confirmations in price actions of the assets never take a trade based on the predetermined decisions, one must able to...
Primary Chart: AMD's YTD Parallel Channel and Short-Term 2.5 Month Parallel Channel This post will provide only a brief update to the more detailed technical discussions of AMD from last week. The more detailed technical analysis is contained in a pair of AMD posts linked on the Primary Chart above. 1. Nothing has changed with regard to AMD's larger downtrend...
Hello Dear friends If the price range of $53.11 is fully consumed, the possibility of the continuation of the upward trend to the white range of $57.14 will be strengthened. The primary range for reaction and low risk for us is the yellow range ($49.48). If the corrective trend breaks below the $48.46 price range, the bullish mentality will expire. We would be...
Huge volume spike on levels not seen for since May 2022 Could this pair be loosing steam and a potential move to the downside lurking?? Price in an ascending channel RSI exaggerated divergence snapshot The recent price action was very similar to the BOJ intervention 22/09/2022, Using factual theory's we could see price bounce from this area but unable to...
Inverse head and shoulder appearing on support for SPX 500 much chance of going up as Rsi is also making bullish div double confirmation to head up to above mentioned resistance. DYOR!!
Hello my dear friends Well, we will check one of the most negative of the month (: The support range of $4.945 has been maintained and a positive RSI divergence has been issued in the four-hour timeframe. If the current trend is above the blue range ($5.302), there is a high probability of forming an upward trend similar to the drawn scenario. We would be happy...
Long waited Crab Pattern has finally been completed. I'm waiting for the retest of the Bearish Crab Pattern to decide if I'm going to head in for the shorting opportnity.