🧠The first is the divergence of the RSI indicator, which shows that most investors are leaving the market at a profit. But we cannot open short positions based on this yet, because the uptrend is not over yet. But when we see the N-shaped uptrend broken, we are convinced here that the downside is coming, so we set up a short position✔️ ➡️Now we intend to lock in...
📉 Bear Market Overview: A bear market signifies a prolonged period of price decline and prevailing pessimism. Yet, within this challenging landscape, opportunities for change often emerge. 📊 Detecting Structural Shifts: Keep an eye out for structural shifts on the Bitcoin chart, marked by a series of higher highs and higher lows. These shifts signal a change in...
We have a hidden divergence. I expect that price touch the bottom of the Kumo.
Daily Chart BINANCE:OPUSDT is nearby support line Chart 4H TF OP is in Discount Zone 786 Re Chart 1H TF Good signals for Long Setup - RSI Divergence - Confluence of Fibo Clusters 786Re and 1.272 Re OP has - Resistance around 1.34 - FVG 1.31 - Lower support around 1.27 Wait a next move
Is XAGUSD exhausting at highs? As the price is been on high bull run but now it seems like price is lacking bullish momentum at resistance level and bearish divergence suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 24 followed by 23. What you guys think of it ?
There are some technical signs that OANDA:XAGUSD might do a swing up There is a bullish divergence of price vs momentum MACD is about to cross the signal line The downward trendline has already been crossed to the upside So it might be a good idea to go long with a profit target at the monthly pivot (24.176)
NASDAQ:PYPL 4H candles shows lower lows, while Momentum making higher lows - this is a sign for a possible trend reversal. This idea is supported by looking at the RSI - it was oversold and now starts rising again. Profit target is the monthly pivot point at around 72.76
Looking at the daily candles, BITSTAMP:BTCUSD was making lower lows, while Momentum was making higher lows - this could indicate a trend reversal. RSI is currently highly oversold. So, BITSTAMP:BTCUSD might make a correction up and back to the trendline at around 23875 USD
NASDAQ Weekly Price Chart After forming a double bottom in late 2022 the NASDAQ bounced and has melted up from its lows approximately 48% confirming that it was more than just a bear market rally. Most recently the NASDAQ has run into resistance (Light Red Box) and has descended roughly 3% past a minor trend line on the daily chart (not shown). Shorter term...
DKNG has corrected back to a possible near term resistence-turned-support @ 26.50 - 26.80. Currently the bullish divergence between it's price and RSI is still intact (will be negated if price dips below its last pivot of 24.95). I would consider to test a long entry for DKNS if it starts to go above the last candle high of 26.89 with an initial SL just slightly...
XAUUSD having bullish divergence on1hr time frame and also beearidh divergence on DXY. Manage your risk Accordingly!
The price reached a resistance level and the price is creating a divergence to thee RSI. The price is going up for more than a month and I expect a pullback. TP1 79.00 TP2 75.80
During my thorough analysis of FORD's 4-hour price action, an intriguing revelation emerged: a hidden bullish divergence, a distinct pattern that warrants attention. This intriguing phenomenon is characterized by the following indicator values: - A price of $11.29 accompanied by a Relative Strength Index (RSI) of 38.96. - Another price point at $11.99 ...
XAUUSD 4hr Falling wedge bullish divergence entry at the breakup of previous LH
The CHFJPY has hit an all-time high, however, a divergence has been identified at 1 day and there is a possibility it may occur at 4 hours, with a double top emerging at 1 hour. Technical analysis indicates that a reversal of the trend is expected.
U had been building a base since Last Sept (10 months in the making now) and had remained above its 200-day moving average since 6th June this year. We also saw a Golden Cross on 28th June. Hence the longer-term picture of U remains potentially bullish except that it has been very volatile since its first attempt to break above its basing neckline @ 42-43 on 16...
A bearish divergence can be seen on both the SPX and Nasdaq (with similar divergences also seen on most of the FAANGT stocks), coupled with the fact the indices are now in the overbought territory, a pullback in the near future could be likely. We saw both NFLX and TSLA sold off after hours despite strong earnings announcements. The market has been running into...
As we see, the oil is very close to resistance level of 82,0 until 83,50. A divergence has formed which is a sign of weakness. As soon as we see that the price bounces back from the resistance we can place a short order with SL the highs of the structure and TP 74,0. We are looking at 1:5 RR which is very good risk to reward. In case we brake the resistance...