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When the move of price is different from the oscilator(RSI), then there is divergence. On the 4hours time frame, the price of AUDJPY has been spotted moving in a different direction with the RSI. Divergence occurs when an indicator trends in one direction and price trends in another direction. Specifically, an indicator will make lower highs while price makes...

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May first 2019, we decided to update the previous chart we dropped on BTCUSD. The trends has really changed all looks so bullish but price needs to maintain its bullish move to the upside, if it doesn't the price of BTCUSD will likely see a major unexpected dump to test $4700 again. On the daily time frame, the price chart of BTCUSD has been spotted forming a...

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Breakout towards the downside of the long held support level. THE SYMMETRICAL TRIANGLE CHART PATTERN. S ymmetrical triangles, sometimes called coils. Price trend can be any direction leading to the chart pattern. Shape looks triangular in shape. Prices move between two converging trendlines. Two trendlines bound prices; the bottom trendline slopes up and the top...

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As the market remains at its levels between $5500 down to $5200, the price of BTCUSD is yet to see a major dump or pump. On the daily time frame, the price of BTCUSD has been spotted forming a chart pattern called the Ascending broadening wedge pattern. The ascending broadening wedge is a chart pattern that tends to disappear in a bear market. Most often, you'll...

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THE DIAMOND TOP CHART PATTERN. When the price closes below the diamond, this will confirm the move towards the downside. The crash site (downtrend end) is often near the price level of the launch site (uptrend start). Price trend upward leading to the pattern. Shape looks like a diamond, but one usually tilted to the side. Prices form higher peaks and lower...

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BTCUSD The rising wedge chart pattern. Rising wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have unacceptably high failure rates and small post breakout declines, but when it is broken to the downside it has more high probabilities of going lower. More to that is the bearish divergence( we talked...

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THE BEARISH FLAG PATTERN With its shape and looks, it is clear with the breakout to the downside of the bearish flag. Flags appear as small rectangles usually tilted against the prevailing price trend and mounted at the end of a flagpole. If you don't have a straight-line (or a quick move) price run (the flagpole), then you don't have a flag. The best performing...

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THE BEARISH HIDDEN DIVERGENCE Divergence occurs when an indicator trends in one direction and price trends in another direction. Specifically, an indicator will make lower highs while price makes higher peaks, or the indicator will make higher valleys even as price tumbles to new lows. This occurs when price makes a lower high (LH), but the oscillator is making...

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After the move to the upside the price is currently facing a major resistance and currently consolidation more forming a bearish chart pattern called THE DIAMOND TOP CHART PATTERN. Price trend upward leading to the pattern. Shape looks more like a diamond, but one usually tilted to the side. Prices form higher peaks and lower valleys (a broadening pattern) in...

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Not minding the price drop, the price chart still gives a positive signal. On the daily time frame, the price of ETHUSD has continued to hold on to it's move to the upside after breaking out of the ASCENDING TRIANGLE CHART PATTERN. The psychological support level which initially was the major resistance level price found it is hard to breakout from is now the...

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BULLISH CONTINUATION (THE ASCENDING TRIANGLE CHART PATTERN) On the daily time frame, the price of BTCUSD has continued to hold on it's uptrend and it's ticking breakout. The ascending triangle is a mediocre performer despite its reputation as a reliable chart pattern. Price trend can be any direction leading to the chart pattern. The shape triangular. Prices move...

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Price consolidating inside the pennant flag pattern(on the 13th day), a marginally respected down-sloping resistance has held price down since on the 6th of April 2019 till date. The volume which plays a vital role in the price breakout, has reduced and most likely expect a breakout soon. A bullish pennant is almost identical to a symmetrical triangle.The only...

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After the price of BTCUSD move up as expected in out previous analysis some coins are showing sign of recovery and holding on to there levels of support and are expected to test new highs. EOSUSD price chart has greatly maintained its levels of support and at the same time forming a chart pattern called THE BULLISH PENNANT FLAG PATTERN. The bullish pennant flag...

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Just as we expected the minor dump to test the near support level at $4991. check previous analysis here: Price bounced at this support level and would likely test a high of $5150 up to $5218, holding price ranging between these levels. This major bottom line of these price levels is that the resistance and support levels would hold for some time and will...

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Price still rising forming a chart pattern called up-sloping channel chart pattern(ascending channel) The price trend leading to the channel can be from any direction. Shape looks like a pipe tilted up or down, but not horizontal. The two trendlines should be parallel or nearly so. Both should tilt upward . Price should touch each trendline at least twice as...

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A spike back to test the previous resistance, not a sign that price will move higher. As the price of BTCUSD finds it hard to break or move to a new high, this did not affect the transaction count which has steadily increased by 85% since on the 10th of March 2019 till date( from $213261.2896092 up to its current price now $402862.3524849. With the use of the...

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An update on the chart we posted on the 9th of April 2019, which we talked about the possibility/probabilities of price dropping down to test the KIJUN. We talked about the RISING WEDGE, C-CLAMP and the BEARISH DIVERGENCE. Check here: ( ) The current chart shows the validity of the previous chart we analyzed with the first target achieved. We look forward for...

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Mixed move signal, as price has maintained its trend to the upside. The BTCUSD price has gradually formed the same chart pattern which we analysed on EOSUSD chart called the SYMMETRICAL TRIANGLE CHART PATTERN. CHECK : The rules to follow when charting the pattern are all shown on the above link. we always advice traders to wait for a proper breakout( which is...