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.
RLCBTC is in downtrend for 2 days and 18 hours with 25% loss. Before that we are had spike with 25% up. Now we are in the same zone of accumulation (channel) that we had been before last spike up. U can see that we have some smart money here because they are hunting stop losses above the channel of consolidation (accumulation). Also u can see that we are having...
How do you know when to buy? When everyone else is selling! Especially when there are several key signs that may indicate a reversal. First, there is RSI divergence. Even though the price is still dropping, the RSI is starting to uptick, meaning the price Bitcoin is actually starting gain some strength. In addition, a falling wedge is embedded within a falling...
Ethereum is forming a bearish rising wedge and is displaying bearish divergence on the RSI. Usually this happens when the price increase is starting to slow down after a big uptrend. Typically, the price will correct to some degree. Since this is in ETH/BTC, the price of Ethereum may still go up even if it does not go up as fast as Bitcoin.
30 min candles show $WB is climbing out of a falling wedge, RSI forms an ascending triangle, RSI lows climbing out of oversold zone. Just got a long position - getting out when it breaks to the downside or scaling out on any big pump to the upside.
BTC is forming a falling wedge To catch this move we have to wait for a break of resistance trend Bullish RSI divergence gives us extra confirmation TP as shown in the graph
In the past 10 months, the price of oil has gone up a lot. In fact, it did a whooping 66%! Sure, there may be fundamentals behind it, but nothing can go forever, not without retracements at least. Although, I don't know what the price of oil will in a year or two, I do see two major signs that point to, at the minimum, a temporary correction. 1. Rising Wedge ...
#SC is going to takeoff like a rocket. Since Upbit listing, SC 1.83% has consolidating forming a wedge . RSI divergence, MACD crossing over and bollinger bands tightening. All we need is some real volume for that breakout to occur. Targets are fibs. My bags are filled.
We can expect an ABC correction down to 8800 USD for BTC. Bearish divergence on 4hr chart shows that correction is incoming. This chart shows the Elliot Wave analysis: First Elliot wave of BTC uptrend has almost been completed.
USDCAD H&SH broken neckline retest AUDUSD D leg of Bullish Bat EURUSD Test of D1 Support TL and bullish Pin Bar
As you all may know in my previous TVC:DXY analysis I shared a bearish trap in the weekly analysis , right now TVC:DXY is in a Bearish flag consolidation at our 4H chart and a Bearish Butterfly Pattern. Also you can see that TVC:DXY is losing strength in MACD and RSI indicators divergence indicated in chart, therefore is a good time to go selling short...
As u can see this is a clear RSI divergence. In price we are having higher high, but on RSI we are having higher high and after that higher low. As u can see I catch u one more RSI divergence in past, on 24. april just to show u the price movement and similarity.
Due to the explosive nature of the price action and the huge volume, it appears that Bitcoin is forming a set of impulse waves that could be the start of a new uptrend. Bitcoin is still missing its fifth wave and will likely test 8500-8600 region, the major channel resistance from the past two months. However, on the shorter time frame, it appears that Bitcoin...
BNB looks like finishing leg 5 and we can wait for ABC correction. Mostly looking as fomo, but setup for leg 3 worked perfectly. MACD and RSI show bearish divergence confirming coming correction.
HD peaked at $207.31 on January 26th and proceeded to selloff with the broader market, to a closing low of $171.80 on March 23rd (17%). At the closing low, the 10-day RSI was 29 vs. 23 on the higher closing low of February 5th, setting-up a positive divergence. The peak RSI between the two lows was 49, so using that as a confirmation, HD signaled a "buy" on...