HI GUYS, I'M FIRST TIME POSTING ANALYSIS. Ethereum (ETHUSD) 1 Hour timeframe -> Short formed W. This is a make or break level and indicates a higher low with strong bullish momentum. The neckline of W can be a perfect entry ONLY WHEN price breaks the neckline (Black horizontal line - 3334) with strong momentum which will also result in 50-EMA breaking which...
Possible double bottom formation with an rsi divergence?
According to the values on Aug 19 and Sep 9, there is a negative divergence on RSI. So, DJI may continue to drop to 34700.
Well, a Potential Head and Shoulders on the USDCAD formation as a Weak Bearish Trend setup that meets my rule. In this round, the stop-loss has to be above the head with buffer. You are welcome to chime in the reason why I do that, instead of the usual right shoulder.
A Fib3 Bat Pattern show up and give a great consolidation. At this moment it might be a little bit late to enter the party but it's all good for me. Trade engaged at 1.1826.
Hey everyone, Binky here! First time posting, hope everyone can get some insight into what I think could be a turning point for the short term on ADA. Looking at the 1H chart we can see a clear down trend being formed, higher lows are being formed along with lower lows. The current levels of support based on my analysis appear to be $2.20 and $2.00, with...
IN AUDCAD we can see price is rejecting from its daily and 4H strong reistance zone and now price is forming rising wedge patterns in uptrend which is the sign of reversal one more confirmation is rsi bearish divergence but we need to confirm this after the breakout of rising wedge down side than we entr short position and out targets are wedge starting point...
* RSI on Ethereum appears with Bullish divergence. * RSI divergence occurs when there is no longer the same momentum between the price and the RSI indicator.
A Bullish Bat pattern form with a nice long shadow candle(some call it a pin-bar), pose a great buying opportunity for Trend Traders who are looking to long from the 1-hourly time frame.
A Bearish Bat Pattern pose as a counter-trend trade on the 1-hourly chart gives trader to short against the weak Ascending Triangle on the 4-hourly timeframe. Depending on how fast the retracement move is going to happen, the Target2 maybe just seated on the retest of the trendline of the Ascending Triangle on the higher timeframe.
GBPUSD is expected to sell after the completion of the bat pattern. breakout of the trendline after divergence calls for the sell
Last week, I've shared with you that USDJPY is going to have a Bullish Shark Pattern set up within the 5-0 Pattern and the price to engage on the countertrend setup is 109.73(you can check the link within the TradingView chart and you can find the chart link at the bottom). The final target for the Shark Pattern brings 53pips of profit which is approximately...
Two weeks ago, we spoke about the Bullish Bat setup for a buying opportunity, at this moment the setup has brought a total of 238pip, which is equivalent to 2,380USD/lot traded. If you like to catch on the bull run, a retest on the trendline(blue) can create an opportunity for you to engage the trade. The immediate previous high can be your Target1. Counter-Trend...
Two Harmonic Patterns Converge at 1.1892. I'm waiting for a retest at that level for a shorting opportunity on the Bearish Shark and Bearish Crab Pattern. Both Shark Pattern and Crab Pattern is a counter-trend setup and it is more likely for this pattern to consolidate, retest and retest before the actual move. Once the market retest the Bearish Channel, it will...
1) at important trend level 2) at top median line 3) at resistant level 4) clear rsi divergence 5) at important rsi trend level what would happen next? let's see ;)
Tesla is approaching a very critical spot. There are several key technicals that all speak in favour of it having topped out in January. If that's the case it automatically means that whatever we're seeing right now is the height of its distribution phase prior to rolling over for some serious price damage. Let's go through those technical clues, one by one. 1)...
A confirmed Head and Shoulders formation on the 4-hourly chart with an RSI Divergence gives an opportunity for trend reversal traders to engage in a counter-trend trade. The 1-hourly chart trendline has greatly improved our entry price by 63pips and I've engaged the trade at 87.13 when the candle touches the trendline and has a 3-bar reversal with a bullish...