This is a great opportunity with 1:4 risk to reward ratio to short this market with a fair amount of reasons (indicated on the chart). A classic mistake is trading countertrend hence this could follow the parabola and shoot to new highs fairly easily. This is just an idea, not advice! Good luck in trading the tough markets everyone!!
Gold has been getting hammered in recent weeks. But now could be the time for GLD to get off the mat. The big glaring point is a three pointed bullish RSI divergence on the daily chart. Other indicators are also oversold, and have the whole road available to travel. Also, previous behavior in GLD is that it often forms these V-bottom patterns when it...
Posible buy? macd divergence detector have buy signal and rsi divergence detector what do you thing? testing indicators...
after an increase in price of more than 513% in 41 days with high volume ETP is most likely to retrace very soon. MACD is really high and forms bearish divergences in the histogram. In addition RSI is performing bearish divergences too and is in the overbought zone for quite a long time. Strong bearish signals. Daily chart. Nevertheless I see a possible rise to...
After triple top, there is time for a little correction. We have touched 3rd time green zone, but now, the market has no power to make close over the green zone. We can see a MACD and RSI bearish divergence. The value is getting higher (top), but the indicators are getting lower. They are making a lower lows, but the market has marked a new top at the level 232...
Hi all, LTC has broken out of the downward wedge/channel on the daily chart and retested the upper line. Combine this with the bullish divergence on the RSI and OBVOSC_LB, and a pretty bullish scenario arises. I'm buying here, with the .382 fib retracement level as first target, and stop loss just below the lower channel line. Comments and feedback are...
if you arent buying ONT right now you must not like money. This coin has been straight dumpster since mainnet and has consolidated nicely. RSI bullish divergence, I believe we will break upward hard soon. Bags are packed.
hello everyone, I hope you have a great day. ETPUSD had a great bull run past couple of weeks and gain 300% on this bloody market. that's huge!! I don't think it continues its downtrend but needs a good rest before next move up. we can see a divergence in RSI and a decrease in volume in the last move up. on top of that ETPUSD now moves in rising wedge that's...
Short term bear trend coming into action. 1h shows a 1-2-3-4-5 wave possibly in play with another leg down creating the 4-5. Big lower wick on the 4h and daily. Green dotted lines are support and resistance levels. Green arrows represent long positions. Red arrows represent short positions. Green boxes represent take profit regions based on ema and...
As BTC nears towards the end of the wedge, a bullish case presented itself on the daily chart. A gleam of hope on btcusd daily chart. RSI makes higher highs moving away from the oversold territory as it makes lower lows on price action. Market sentiment favors the upside.
BTC Broke the falling wedge by the way there is a bullish rsi divergence in low temporal frames, lets see if proce can bounce, or are we going to test low levels
It looks like BTC is forming a falling wedge on the hourly timeframe Bullish RSI divergence gives us extra confirmation To catch this move we have to wait for a break of resistance trend of falling wedge, this will trigger our long SL: $6299 TP: downtrend is final TP but we should lock in profits on the way up
See bullish RSI divergence on the daily chart. I believe we have a sub-wave 5 to complete for a full ABC correction. Expecting the retracement to hit around the golden zone .618 to .65. #EOS #EOSUSD #ICO #CRYPTO
Price action for the USDJPY from 111.305 to 108.49 is identified in this analysis as a 3wave move that terminated a minute wave ((a)). The implication of the above is that an Elliott wave flat structure is anticipated. The horizontal red lines above indicated the possible termination point for minute wave ((b)) before a sell off ensues that should see the USDJPY...
WMT bull div presents buying opportunity. WMT is 25% below all time high, a pullback that has occured with little or no upward mean reversion. Following our MACD and RSI bull div on the daily I expect to see some upward mean reversion here. A tight stop presents itself below local lows where there is very little volume. Target is 23% FIB/daily volume profile...
RSI and MACD divergence on 1H chart. This sth is for educational purposes only.