Crypto Total 2 has broken down the upward channel and has tested the supportbelow it, now we can see this weekly candel is now open and heading upward. besides that we can see an obvious RD + in MACD and MFI. and Elon Musk just tweeted again! so in my opinion we are about to see a pullback to the broken channel and after that we have to see if there is any sign of...
Chainlink (LINK) has witnessed a substantial surge in the past two weeks and is now approaching the prospect of a new yearly high. Both weekly and daily timeframe analyses exhibit bullish tendencies, which is supported by the price action MFI. How Far Can Chainlink's Uptrend Continue? Looking at the weekly technical analysis, LINK's price has been on the rise...
This chart plays into previous Bitcoin cycles but more importantly it showcases the similarities of the 2013 & 2018 cycles and questions the case for 2022 of "Where's the Bullish Divergence?" The MFI (Money Flow Index) Indicator which incorporates the RSI + weighted volume shows that in all of Bitcoins 3 past cycle bottoms we have seen the MFI at an all time low...
Last two tops were $98.33 and $100.52, however the last top was on lesser volume. Which has printed an obvious bearish divergence. Since the last high ($100.52), the stock has continued to decline and volume has continued to drop - printing more obvious bearish divergences. This is a clear short, I guess the earnings report will be a trigger for further decline...
1st - Bearish Divergence: RSI & MFI on 1D & 1W chart 2nd - Wyckoff Method: Distribution TR phase C (UTAD TEST) more pronounced in the 4&1H charts. Analysis: There seems to be weakness in the stock, and despite the recent highs and uptick in volume the exhaustion can be seen per the TA presented. BUT REMEMBER, the AI craze is still on going and this could be...
Crypto Traders, Appreciate you taking the time to view my TA, which hopefully provides an alternative perspective. Please be sure to “LIKE” if you indeed find my analysis useful and/or want to share your opinion. Analysis: @ $3044 to $3000 Need support validation, which we have multi bullish confluence if support holds w/in region. If support is validated, would...
IP | Thailand SET Market | Price Action Trading | Elliott Wave Tracing Chart Pattern: entering Falling Wedge Reversal Pattern Price Action: Downtrend area of consolidation Entry Position: Buy on BREAKOUT of FALLING WEDGE Indicator: > MFI - Money Flow Divergence - Banker accumulation phase > RSI - Sideway up below 50 > MACD - Golden cross below baseline...
Noticed this a couple days ago, but it's holding well on the daily. MFI & OBV both show a bullish divergence. Since the MFI is quicker than the RSI, I expect to see the RSI follow suit soon, which would be the signal we're not just turning around, but turned. Let's see how this plays out next week.
Having a look at the two weekly TF we see a lovely trading range with PA bouncing nicely between low 30's heading towards the 50's, this has been here since 2010. Indicators on this TF look bottomed and riddled alive with bullish divergence. MFI trending upwards contrary to the price, likewise fisher and MACD. We are also watching closely for a bull cross on the...
Weekly MFI is oversold indicating possible bottom out and major trend continuation to upside. 4H bullish divergence. 4H engulfing candle crossing ichimoku cloud. If price breaks channel looking for swing to resistance levels and final swing price goal of around 1.23000. In the past when price moved from this area it took a month give or take to move 500-600 pips...
It may be time for IBM to fill the gap at $133.50 as it has hit the PCZ of a Bearish Gartley and is showing Bearish Divergence on the Stochastic RSI, MACD, and MFI. Gap fills rarely act as support or resistance so if IBM fills the gap i'd expect it to go a little lower than $133.50 and perhaps drop down to $128 before attempting a rally.
On low volume lift, an exhaustion gap IMO. Money flow weakens, volume lessens, price moved higher on weak internals. Lower soon IMO. GLTA!
Near/at the 0.786 with divergent MFI/RSI. Might be a Cup & Handle forming; if so, the Handle typically retraces half the right wall of Cup. Likely to sell within a week IMO. Could double top before it breaks; don't bet the farm yet! Not advice; trade at ur own risk: GLTA!
GDX has been on a good run and is showing signs of topping out. Specifically bearish divergence is clear on MFI (money flow index and we see a clear 5 wave pattern in the context of Elliot Wave analysis with wave 5 almost exactly equal to wave 1 which is a component of wave analysis. For those who want to short you must establish your own stop loss and a...
MFI indicator diverged on March 26th and the 0.618 fib was rejected on March 27th; both indicators are showing weakness on the upside. The conditions that triggered this initial sell-off still remains and is expected to get worse. OIL is cheaper than my lunch, and COVID-19 stats are far from the apex due to lack of supplies and available tests. We're not done...
- I know it has been really rough holding XRP in 2019 while watching other coins go up. Honestly, most of the charts look horrible for XRP and what I found here is the only hopium I can find for now. Also, I will discuss why the Plus Token ponzi scheme is relevant to XRP as well, which is very important as most people are unaware. MUST KNOW - PLUS TOKEN PUMP: ...
This shows buy and sell signals using RSI and MFI/RSI divergence, represented by the difference between MFI and RSI. MFI look-back period is 36 weeks, RSI look-back is standard 14 weeks. MFI look-back period may need to be optimized, but this first result was pretty good so I'm showing it here. Signals from MFI-RSI are confirmed by signal from RSI, represented by...
Good day Traders, Bitcoin has a number of bullish signals for the short term, however, we are probably still printing a large bear flag, consolidating before 1 last bounce and then we resume the downtrend. Within the flag, we have a diamond bottom pattern playing out, with added resistance coming from our daily SMA50, and added support coming from the weekly...