Hello my dear friends Looking closer at Bitcoin, the four-hour timeframe We have an ascending wedge pattern at the end of the uptrend, which is accompanied by a negative divergence. But the support area of $22,213 has not been fully consumed, due to the fact that this area is not consumed, there is a possibility that the increasing trend will continue to higher...
Hello dear friends In the daily time frame, by reaching the resistance range of $0.5312, a Cypher harmonic pattern has been formed. A negative divergence of the RSI is not associated with this harmonic. If the support range of $0.35 is completely consumed, the possibility of continuing the downward trend to the price area of $0.2424 can be considered. Until the...
On the right(Daily Chart) is the main highlight of the week. Having the Double-Headed Head and Shoulders trading setup that fulfils my trading filters for Head and Shoulders. That being said to engage a trade-off, the Daily Chart is something I seldom do. I'm looking for a buying opportunity of a lower timeframe, such as the Bullish Gartley Pattern on the...
Hello Dear friends happy new year :D On the daily time frame, we have the positive divergence of the RSI, which has strengthened the possibility of forming a bearish wedge pattern at the end of the bearish trend. The current trend is likely to continue up to the $0.23 range. In case of breaking the downward trend line and maintaining the support range of $0.19, we...
You know my bullish bias on USDJPY with this Bullish Shark Pattern retest with RSI Divergence is a great setup for that.
Hello Padawans, I'm looking for those levels to get a successful short, I will enter by market orders if audio reaches these levels and if it's more weaker. Manage your risk and consider this as quick scalps. PS: I'm not a financial advisor Cheers May the force be with you!
The EURUSD has been on an upward trajectory for quite some time now, but the recent price action on the 4-hour chart has raised some concerns. A RSI divergence has been observed, which is usually a bearish signal. As a result, caution is advised for traders who are currently holding long positions in the pair. The upcoming rate decisions from both the Federal...
BTCUSD reached supply as it touched the Anchored VWAP at the 2022 high (@alphatrends insight), rejected the 23,000 price area after rising to 23,062 USD, which could be seen as a bull trap and a false breakout of the mother of all trendlines from ATH. This strong resistance combines the major trendline and the VWAP with a neckline of the 2021 bottom. Price action...
The long-term downtrend line of the RSI has broken upwards on the weekly time frame. Do you think this trend can be considered a pullback to the broken level with a positive divergence? Do you think we should react to the midline of the long-term descending channel from here? Of course, there is still a high probability of seeing the $13,000 range, but what if we...
The OCEAN price formed a RSI and MACD divergence at 8h tf and RSI is located at overbought zone. Also there are a MOM and OBV divergences. All of them go over to longer timeframes. It could bring the price to 0.2 level.
Hello dear friends On the daily time frame, the positive divergence of the RSI with the downtrend line has created a bearish wedge pattern for us. Until the $5.584 range is fully consumed, the bullish outlook is weak. But if the range of $2.618 is maintained, we can hope for the completion of the wedge pattern. On lower timeframes, the drawn bearish scenario...
Hello dear friends In the four-hour time frame, positive RSI divergence is associated with butterfly and bat harmonic patterns. Considering that the support range of $0.06552 has been maintained in the previous correction process, the possibility of seeing the lower areas is currently weak. As long as the range of $0.070026 is maintained, we expect the...
YINN the China Bull EFT has uptrended dramatically of late however it is far extended above its moving averages while the RSI indicator shows decreasing strength as a divergence. Price rise is hitting the resistance of the POC line of the intermediate-term volume profile where sellers will step in and invoke selling pressure in a triple top making the...
RSI DIVERGENCE: is still valid (look left) - Higher High price but Lower High RSI . - RSI: a point is must at overbought (70) - RSI: b point is important > must crossunder 50 >> mean to enough make a reversal. - RSI: c point < 70 (undes overbought). CORRECTIVE WAVE WAS BROKEN: - Swing Low (Lower Low) for Profit.
RSI Positive Divergence in hourly chart indicates that Nifty can regain 18690
TA: Elliott impulse wave (12345) - Elliott correction waves (ABC) - Falling Wedge Pattern - RSI in weakly time frame is still bearish . I can't see any bullish market structure Macroeconomics: EUR problems bcz of Russia inflation - covid-19
TVC:DJI DJI is clearly moving in a downtrend direction in the 30m timeframe. However, it stopped making a lower low yesterday plus it has a bullish divergence signal between price and RSI. This bullish divergence is signaling a chance of trend change to either a sideway or uptrend direction, which we need to monitor the price action today. If the market opens...
Hello Dear friends In higher time frames, we are in an ascending channel. But in the lower time frames we have a bearish signal. If the current trend is below the range of $1.22296, the possibility of continuation of the downward trend to the green range is strengthened. We would be happy to hear your comments