hidden bullish divs on macd and rsi
volume is not that good on the bounce tho, but if price keeps rising, could mean volume coming in slowly.
green trendline held support at .27
next support at .26
could be corrective move of market wide bear move towards market bottom (long-term swing).
fib retracement to indicate bounce/reversal areas; on...
see chart.. some education for myself
- price action (near resistance)
- candle pattern (wicks, and decreasing length)
- volume (decreasing, not representing price growth)
- divergence macd and rsi (lower highs, while price made higher high)
touched resistance at .31
bear div on macd and rsi
maybe retest new support at .29, or it will bounce before that.
if market goes up, zrx has a lot of upside potential after a short term dip possibility
could be cup and handle with breakout if whole market goes up,
OR it's at resistance line, can drop back to support.
Day-trade setup; posting only for tracking. Don't do this without own ta!
my entry 32 ; sl 32.5 ; tp 31.5 - .31 - .30/29 if dump may occur this weekend.
Long zhe support from .27 for a bounce trade. Be carefull again for capitulation. Lowest...
Posting for tracking. No Trade.
Resting at support. Could bounce here and try to break ascending trendline. Not so likely, market sentiment not so bullish...
More likely is finding below support area at .305 ; with ascending trendline.
On Break possible short entry could take place.
So, 2/3 bottoms of 5/6k weren't enough. We want to test it again?
It touched fine resistance 8K+ , going 8K plus means there is still bull in this market, meaning, one day, market will go up big time, but for now, still too many sellers pushing price down, rejecting highs.
Too soon to be sure. Hold your trades.
Very interesting post of what happens with price.
I can clearly see from this chart, how traders trade with price + volume + key zones only.
It is so simple. It is clear to me now.
It's all about thinking from perspective from other trader, in each moment.
- who is winning right now? Is supply stronger or demand? and why?
- is price high or low...