A short-term decline pattern is partially formed with lower high of price and higher high of RSI. Still need comfirmation from Composite Index and Aroon indicator.
If the price do not go straight up continuously, say, up to 4200, the decline is due to happen.
5% decline is 3700 and 10% is around 3615.
A divergence of trend between RSI and price is forming on 1day chart. This is a bullish pattern. In the meantime, another bullish pattern appears on the 1hour chart, with price low becoming higher and RSI low keeping going down.
Currently, there's no buy signal yet.
A short term downtrend is coming, either before or after hard fork...
IT IS DANGEROUS TO TRADE BITCOIN CASH BEFORE THE FORK OF 15 NOV.!
While the price is trending up since the news regarding major support from some big exchanges to the upcoming hard fork, a short-term downtrend pattern is captured. RSI is obviously on a divergent path comparing to the...
Tencent: short-term short, long-term long
Based on what have I observed for the past few months, tencent's price is on a short-term bearish trend caused both by its under-expected earning on online games, China's regulation on online game industry overall, as well as the elephant in the room, trade war.
Short term wise, RSI negative reversals are coming on...
Correction for ANTA Sports on Hong Kong Shares
1. A M shape appeared below MA lines on RSI+Avgs indicator.
2. ANTA was moving in the bull range (RSI 40-80) for some time, it's possible that it will remain the trend.
3. A correction from 45HKD to 37HKD is possible.
4. A correction time cycle appears on the chart at around 13, July.