With a massive bullish RSI divergence on the daily and weekly charts, CHK has a good shot at hitting targets shown here first being .95 region with 1.60 being the long hold target.
Price coming up to a weekly level. Rising wedge along with 4hr RSI bearish divergence could signal a reversal. Entry zone between 1.941-1.947 with targets at 1.915 and 1.896
Two targets with daily levels as T1 and weekly S/R level as T2. Bullish inverse head and shoulders to play out.
Golden lines = weekly levels of S/R which are being respected. BTC firmly above daily VWAP now reaching for target 1 around 9500 zone and target 2 circa 10.8k.
If this 4hr candle can close engulfing the doji on ONTX, it could mark the beginning of the bull break. There's also now a hidden RSI bullish divergence. That along with the decreasing volume and the equilibrium pattern I talked about in my last post are great bullish signs!
With volume decreasing and price forming a second equilibrium, an impulse move is bound to happen most likely before the weekly close. Blue lines = weekly levels of support and resistance. $0.89 would be first targets. If we get a break down, .35 is the next level of support.
BTCSHORTS charts currently mooning. That indicates bearish move soon. BTC is having a hard time breaking 8500, if it does, it can keep going, but, if it rejects and heads south to 7500 zone, it will form a bearish head and shoulders that could send us back down to 6000-6400 levels. On the weekly chart it will still be bullish so it will be a chance to buy the dip.
Should this play out, ETH could look to retest 223 level or lower.
if BTC moves bullish, XRP could jump to the .345 range with a strong bullish RSI divergence showing right now on the 4hr
Very probable to see a head and shoulders form on the BTC hourly chart that can drive price down to retest 3200 and possibly 3k.
We're looking for a 4hr lower high to be set at possibly the 236 or 382 fib level shown here with a bounce to set a new higher high. This would increase the odds of consolidation on the daily chart which could in turn, put us right back on another rally to break 10k. We do still have a hidden RSI divergence on the daily chart so that lessens our chances for a bull...
BTC still in consolidation mode after two failed attempts at $10k level. We should expect to see some small bull moves as MOM indicator was first to show (as it is a leading indicator) a pending up move with this break of support. RSI showing oversold conditions as is Stochastic RSI along with an inverse head and shoulders.
BTC continues to consolidate after failing to break $10k. MOM indicator was the first to show some small possible gains for the bulls in the coming day. Both RSI and Stoch RSI are oversold while Stoch is forming an inverse H/S pattern.
MOM indicator usually being ahead a step of price showing an upmove w/both Stoch and RSI oversold and Stoch showing inverse head and shoulders forming.