This Bearish Bat setup is great for counter-trend traders. Watch closely, the Bat Pattern completed at Point D and retest. Point X is at structure consolidation which is great as it acts as a resistance.
The Nasdaq .IXIC has been growing increasingly RSI Divergent which could see the tech sector rebound. If the neckline of the double bottom is crossed around 12000 near term gains can take the index to an inverse Head and Shoulders pattern (green path). On the other hand if the resistance is strong at the neckline, the descending triangle pattern could play out,...
Last week if you have gone through my analysis and engaged the market when it tested the buy zone(cyan box), you would have earned 159pips of profits in just the 1st target. If you have missed that setup, you can wait for the next opportunity. The Bearish Shark Pattern on the 4-hourly chart gives trend traders an opportunity to engage the market. However, I do...
In my analysis, I have used a logarithmic scale on the weekly BTC chart. First of all, I want you to pay attention to 200 days of Moving Average Exponential it is very close to the current price of BTC at the $26976 level. With all the inflation rate that we got today 8.3% plus 50 basic points monthly raise will continue we can expect that price could test this...
" Never catch a falling knife " is what I was always been told since the day I first come to trade. In some scenarios, experts are capable to do so with advanced technical analysis and experience. But they are experts, not me. I am still on the journey to explore trading as well as myself. As the picture above, bitcoin is in an extreme fear stage in which many...
GBPUSD has hit the Weekly Chart's demand zone. You can wait for a double bottom with RSI Divergence for a buying opportunity. I would put the first target at 1.2482, that's the price I'll shift stops to entry. I might stretch Target2 to the Bearish Shark Pattern on the 1hourly chart.
Descending Channel Formation in 4H timeframe..!! RSI Bullish Divergence Still in Play..📈 In Case of Bounce Back from here, Bitcoin Might Retest the 38.8k Resistance.
We have several patterns converging to this one area. Bullish RSI Divergence on the 4H. PA at horizontal support bouncing inside a large 25% ascending channel. Which way do we go???
It seems that the bearish momentum Apecoin is having is losing its momentum, and at any time will reverse. The falling wedge pattern and the divergence also help determine a tendency reversal. KUCOIN:APEUSDT
For a pretty long time, Ethereum has been in a bearish tendency, but, because of these signs, it will probably revert. The first one is that it is diverging. The RSI is going up despite Ethereum dropping, meaning there is a chance it will revert at any time. The second one is that it's testing the 50 EMA line. Moving Averages with high numbers (50,200, etc)...
As early as 14Oct2021, I've said that the USD is going to appreciate for the year 2022. That doesn't mean that you can't head in for any counter-trend move, you just have to do it with caution. At 131.57, USDJPY will have an AB=CD completion, it is common for traders to look for a countertrend move at its completion. Conservative traders could wait for a Double...
If you compare the Daily Chart of both GBPUSD and EURUSD you would find that they have a very different trading setup. On the GBPUSD, we have an ABCD Pattern as a counter-trend trading setup. Conservative traders could wait for a pullback to recent support at 1.2447 for a buying opportunity.
SRM printed a bullish rsi divergence on 4h timeframe I'm waiting for a breakout from the falling wedge pattern to enter a LONG trade targeting at least a 8/9% gain what do yall think about this one?
VERY S HORT TERM ANALYSIS (HOURLY) Today, we are going to look carefulLy what happened after the validation of the RSI bullish divergence coupled with the double top formation which i mentioned yesterday morning in my previous analysis as a warning ... (see related idea below) So as you can see, after this validation signal the BTC moved quickly up in a new...
BTC is currently retesting the 39K support zone this has been a major level of support during the last days so this must be held if we dont want to enter another downtrend yesterday's rsi divergence played out as always, bringing the price down this time The price also fixed below the ichimoku cloud, leaving more space for a downtrend we can open some good short...
GDXJ is showing some nice bullish divergence in the pennant of a bull flag on the 4hr and daily RSI. Upside is 30%+ and if it breaks down below the lows of the flag it'd be time to get out. This is obviously dependent on what Gold spot price does. So, if XAU decides to finally use that hidden bullish divergence to head to all-time highs, then gold miners are...
Basically the same idea that I posted last week about the Bearish Divergence in $DXY but more time has passed, and it looks even more pronounced in the Euro itself. Pick your poison: /6E, /M6E, EURUSD are all good Long candidates to play this idea. Another good option could be to short /SFX - which is the Small Exchange's US Dollar Futures contract. If you don't...
hello everyone Last week candle was a big red one for almost 80% of cryptocurrencies, and for the last couple of days we saw the same behavior until 12th of Apr. Since then we have been moving in a channel in between resistance level of 18.30$ & support level of 17$( it was mostly the trend line). For now we have divergence in RSI in 4 hours ,so the price...