otis_bagshots

otis_bagshots

We can expect a pullback in the price of ETH/USD after its 30% rally over the span of just 5 days. The bearish rsi divergence displayed on the 1h chart suggests that this correction might occur soon. Also note the decreasing volume at each new swing high and the close proximity of the current price to its line of rising resistance.

otis_bagshots Updated 

The cup and handle pattern is not very reliable for this short of time frame but could nonetheless signal a trend reversal.

otis_bagshots

Ascending triangle forming on UBER 1d chart. This pattern has a flat or nearly flat upper edge and a rising lower support line. It is usually a bullish sign, tending to end in an upside break and the odds are slightly better than chance.

otis_bagshots

MTN is forming a bearish descending triangle pattern. I recommend entering into a short position once a downward breakout occurs.

otis_bagshots

LDOS is showing bullish regular divergence on its 4h and 1d charts. It is also nearing support inside a falling wedge.

otis_bagshots

Noticed this pattern on the RSI 14. Does it mean anything? Potentially signalling a correction?

otis_bagshots

DIS is forming a falling wedge following a strong uptrend. MacD is still bearish and stock is not oversold on the RSI; therefore, I expect further consolidation before a volatility breakout occurs. Wait for a clear break in upper resistance before going long. Price target of ~$128.

otis_bagshots

MESA has formed a bearish pennant as it consolidates after a strong downward movement. This suggests a down trend will continue.